# Portfolio overlap — GPAPX vs GSST Comparing **Goldman Sachs Short-Term Conservative Income Fund** (2026-03-31) and **Goldman Sachs Ultra Short Bond ETF** (2026-02-28). - Shared positions: 118 - Goldman Sachs Short-Term Conservative Income Fund covered by Goldman Sachs Ultra Short Bond ETF: 0.4200327812951936116383016977 - Goldman Sachs Ultra Short Bond ETF covered by Goldman Sachs Short-Term Conservative Income Fund: 0.4200327812951936116383016974 ## Goldman Sachs Short-Term Conservative Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | MONEYMKT | 0.056696 | ✓ | | US TREASURY N/B | 0.015745 | | | SOCIETE GENERALE SA MTN 5.250000% 02/19/2027 | 0.014719 | ✓ | | WELLS FARGO BANK NA | 0.014562 | | | HSBC USA Inc | 0.014562 | | | GEN MOTORS FIN | 0.013126 | ✓ | | Oracle Corp. 0% CP 02/10/2026 | 0.012171 | ✓ | | BANCO SANTANDER | 0.011731 | ✓ | | MORGAN STANLEY PRIVATE BANK NA FRN SOFR+78 11/17/2028 | 0.011651 | ✓ | | UNICREDIT SPA | 0.011229 | ✓ | | JPMORGAN CHASE | 0.010637 | ✓ | | SALESFORCE INC | 0.010516 | | | NatWest Markets PLC | 0.010227 | ✓ | | US TREASURY N/B | 0.009775 | ✓ | | PROTECTIVE LIFE GLOBAL FUNDING FRN SOFR+85 09/11/2028 144A | 0.009726 | ✓ | | Natixis SA/New York NY | 0.009714 | ✓ | | RWE AG | 0.009646 | | | MITSUB UFJ FIN | 0.009463 | ✓ | | HSBC USA INC SR UNSECURED 03/27 VAR | 0.009092 | ✓ | | Charles Schwab Corp/The | 0.008982 | | | COREBRIDGE GLOB FUNDING SECURED 144A 12/28 VAR | 0.008957 | ✓ | | NTT FINANCE CORP SR UNSECURED 144A 07/27 4.567 | 0.008908 | ✓ | | Macquarie Group Ltd | 0.008751 | | | VW Credit Inc | 0.008631 | ✓ | | UBS GROUP | 0.008329 | ✓ | | JACKSON NATL LIFE GLOBAL SECURED 144A 09/28 VAR | 0.008321 | ✓ | | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC FRN SOFR+84 01/13/2028 144A | 0.008299 | ✓ | | DEUTSCHE BANK NY REGD V/R 5.27513700 | 0.008258 | ✓ | | Kookmin Bank/New York | 0.008250 | ✓ | | JEF 4.3 02/11/27 MTN | 0.008244 | ✓ | | Citigroup Inc. | 0.007881 | ✓ | | JACKSON NAT LIFE | 0.007586 | ✓ | | CRED AGRICOLE SA | 0.007538 | | | NATWEST MARKETS PLC SR UNSECURED 144A 05/27 VAR | 0.007211 | | | SUMITOMO MITSUI | 0.006959 | | | BANK OF AMER CRP | 0.006812 | ✓ | | US TREASURY N/B | 0.006788 | | | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 01/27 VAR | 0.006746 | ✓ | | UNICREDIT SPA 144A LIFE SR UNSEC 4.625% 04-12-27 | 0.006555 | ✓ | | Bayer Corp | 0.006527 | ✓ | | BANCO BILBAO VIZ ARGENTARIA SA FRN SOFR+88 03/03/2029 | 0.006494 | ✓ | | National Bank of Kuwait/New York NY | 0.006409 | ✓ | | SUMITOMO TR&BK | 0.006348 | | | PNC FINANCIAL | 0.006337 | ✓ | | FIFTH THIRD BANK NA SR UNSECURED 01/28 VAR | 0.006316 | ✓ | | Banco Bilbao Vizcaya Argentaria/New York NY | 0.006311 | ✓ | | Charles Schwab Corp/The | 0.006243 | | | CAPITAL ONE FINL | 0.006232 | ✓ | | BASF SE | 0.006224 | | | BMW US CAPITAL LLC REGD V/R 144A P/P 5.03519200 | 0.006180 | ✓ | ## Goldman Sachs Ultra Short Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.018566 | | | MONEYMKT | 0.011867 | ✓ | | US TREASURY N/B | 0.011556 | | | US TREASURY N/B | 0.010093 | ✓ | | UBS GROUP | 0.010044 | ✓ | | Oracle Corp. 0% CP 02/10/2026 | 0.009855 | ✓ | | JPMORGAN CHASE | 0.009441 | | | AERCAP IRELAND | 0.009328 | ✓ | | MORGAN STANLEY PRIVATE BANK NA FRN SOFR+78 11/17/2028 | 0.008486 | ✓ | | TRUIST BANK FRN SOFR+77 07/24/2028 | 0.008283 | ✓ | | SOCIETE GENERALE SA MTN 5.250000% 02/19/2027 | 0.007930 | ✓ | | UNICREDIT SPA | 0.007676 | ✓ | | JACKSON NATL LIFE GLOBAL SECURED 144A 09/28 VAR | 0.007573 | ✓ | | NatWest Markets PLC | 0.007492 | ✓ | | JEF 4.3 02/11/27 MTN | 0.007438 | ✓ | | Kookmin Bank/New York | 0.007338 | ✓ | | BANCO SANTANDER | 0.007248 | ✓ | | GLENCORE FUNDING LLC COMPANY GUAR 144A 10/26 VAR | 0.007240 | | | SOCIETE GENERALE SA | 0.007190 | ✓ | | US TREASURY N/B | 0.007150 | ✓ | | Natixis SA/New York NY | 0.007109 | ✓ | | PROTECTIVE LIFE GLOBAL FUNDING FRN SOFR+85 09/11/2028 144A | 0.007105 | ✓ | | National Bank of Canada | 0.007094 | | | CEDF 2018-9A AR | 0.006940 | | | AMERICAN HONDA FINANCE CORP FRN SOFR+90 09/01/2028 | 0.006938 | ✓ | | NEXTERA ENERGY | 0.006899 | | | FREDDIE MAC VARIABLE RATE 10/06/2027 | 0.006705 | | | BANK OF AMER CRP | 0.006686 | ✓ | | Standard Chartered Bank/New York | 0.006640 | ✓ | | METROPOLITAN LIFE GLOBAL FUNDING I FRN SOFR+70 08/25/2028 144A | 0.006412 | | | FIFTH THIRD BANK NA SR UNSECURED 01/28 VAR | 0.006349 | ✓ | | BANCO BILBAO VIZ ARGENTARIA SA FRN SOFR+88 03/03/2029 | 0.006243 | ✓ | | BANK OF MONTREAL SR UNSECURED 09/28 VAR | 0.006241 | ✓ | | Nordea Bank Abp/New York NY | 0.006159 | ✓ | | US TREASURY N/B | 0.006057 | | | AGL Core CLO 31 Ltd., Series 2024-31A, Class A | 0.006047 | | | NTT FINANCE CORP SR UNSECURED 144A 07/27 4.567 | 0.006003 | ✓ | | Banco Bilbao Vizcaya Argentaria/New York NY | 0.005959 | ✓ | | VW Credit Inc | 0.005957 | ✓ | | DRYDEN SENIOR LOAN FUND DRSLF 2019 80A ARR 144A | 0.005939 | | | Freddie Mac Pool | 0.005939 | | | VERALTO CORP | 0.005918 | | | GEN MOTORS FIN | 0.005824 | ✓ | | Bayer Corp | 0.005651 | ✓ | | MassMutual Global Funding II | 0.005557 | ✓ | | National Bank of Kuwait/New York NY | 0.005523 | ✓ | | BANK OF AMER CRP | 0.005330 | | | TARGA RES CORP | 0.005252 | | | Dryden 104 CLO Ltd., Series 2022-104A, Class A1R | 0.005199 | | | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC FRN SOFR+84 01/13/2028 144A | 0.005148 | ✓ | ## Sources - N-PORT (fund A) — accession `0001410368-26-051350` (as of 2026-03-31) - N-PORT (fund B) — accession `0000940400-26-015202` (as of 2026-02-28) --- _Informational only — not investment advice. 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