SEC Filings Detail Goldman Sachs Treasury Fund Structure as tZERO Adds Lynq Integration

Regulatory filings with the U.S. Securities and Exchange Commission detail the operational parameters and risk guidelines of the Goldman Sachs Financial Square Fund - Treasury Instruments ¹, ². The portfolio is operated under Goldman Sachs Trust and managed by Goldman Sachs Asset Management, L.P., with The Bank of New York Mellon serving as custodian and Goldman Sachs & Co. LLC acting as distributor ¹. PricewaterhouseCoopers LLP audits the entity from Boston, Massachusetts ¹.

According to Form N-MFP3 submitted for the monthly reporting period ending Aug. 31, 2026, the fund held $105,268,288,012.76 in net assets ¹. Across August 2026, the fund's seven-day net yield averaged approximately 3.77% to 3.79% across its standard portfolio disclosures, maintaining a stable net asset value of $1.0000 per share throughout the month ¹. The fund manages multiple distinct tiers of equity capital, including:

• Institutional Shares (C000025309), which represent the largest portion with $97,305,353,182.45 in net assets and daily yields between 3.57% and 3.59% ¹.
• Administration Shares (C000025310), accounting for $2,247,591,482.43 in net assets, with daily net yields around 3.32% to 3.34% ¹.
• Service Shares (C000025311), totaling $1,953,312,063.58 in net assets and yielding roughly 3.07% to 3.09% ¹.
• Preferred Shares (C000025312), maintaining $116,352,866.71 in net assets with net yields between 3.48% and 3.49% ¹.

Portfolio Governance and Settlement Rails

The filings detail that under Rule 2a-7 of the Investment Company Act, the fund is restricted strictly to U.S. dollar-denominated securities meeting specific limits regarding portfolio quality, maturity, and liquidity ². Disclosures indicate that depository institutions, banking institutions, and broker-dealers account for significant institutional concentrations across the share classes ¹. For instance, depository and banking institutions held 96.99% of Service Shares and more than 40% of Administration Shares as of the reporting date ¹.

SEC prospectus disclosures emphasize that investments in the money market vehicle are neither bank accounts nor deposits insured or guaranteed by the Federal Deposit Insurance Corporation ². Goldman Sachs Asset Management is under no regulatory obligation to provide financial support or capital infusions during market stress ². Principal risks outlined in the registration documentation include interest rate volatility, large shareholder transaction runs, rapid liquidity deterioration, and systemic stable net asset value risks ².

At the time of writing, broader digital asset markets traded flat to slightly lower, with $BTC at $83,175 and $ETH at $2,673.