UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
☑      ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2023
or
    ☐     TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from              to             
Commission file number 1-7657
A.           Full title of the plan and the address of the plan, if different from that of the issuer named below:
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
B.             Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
AMERICAN EXPRESS COMPANY
200 Vesey Street
New York, New York 10285



AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedules

Table of Contents
*    Other schedules required under Section 2520.103 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable or not required.



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Administrator and Plan Participants of
American Express Retirement Savings Plan
Opinion on the financial statements
We have audited the accompanying statements of net assets available for benefits of the American Express Retirement Savings Plan (the “Plan”) as of December 31, 2023 and 2022, and the related statement of changes in net assets available for benefits for the year ended December 31, 2023, and the related notes to the financial statements (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023 and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by the Plan’s management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
Supplemental Schedules
The supplemental schedules of assets (held at end of year) as of December 31, 2023, of assets (acquired and disposed of within year) for the year ended December 31, 2023, and of reportable transactions for the year ended December 31, 2023, have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ McConnell & Jones LLP
McConnell & Jones LLP
We have served as the Plan’s auditor since 2021.
Houston, Texas
June 17, 2024



AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Benefits
as of December 31, 2023 and 2022
(Thousands)

2023

2022
Assets




Investments, at fair value:




Money market funds

$54,554 

$49,194 
Corporate debt instruments

108,503 

91,974 
Common stocks

2,371,145 

1,955,034 
U.S. Government and agency obligations

274,132 

219,770 
Common/collective trusts

3,699,783 

2,591,378 
Mutual funds

70,091 

396,007 
Self-directed brokerage accounts

171,774 

140,152 
Other investments

155,695 

147,681 
Total investments, at fair value

6,905,677 

5,591,190 





Fully benefit responsive investment contracts, at contract value

807,696 

830,257 
Due from brokers

16,154 

2,850 
Cash (non-interest bearing)

6,306 

6,835 
Receivables:


Notes receivable from participants

67,333 

58,784 
Investment income accrued

8,065 

6,277 
Employer contributions

112,917 

93,525 
Total Assets

7,924,148 

6,589,718 





Liabilities




Accrued expenses

2,193 

2,646 
Due to brokers

166,547 

158,717 
Total Liabilities

168,740 

161,363 
Net assets available for benefits

$7,755,408 

$6,428,355 
See accompanying notes to the financial statements.
1

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 2023
(Thousands)

2023
Additions:

  Contributions:
Employer

$265,004 
Employee

291,633 
Rollovers

35,067 
Total contributions

591,704 
Investment income:


Net appreciation of investments

1,123,310 
Interest and dividends

77,965 
Other income

2,997 
Total investment income

1,204,272 
 Interest on notes receivable from participants

3,826 
Total additions to net assets

1,799,802 
Deductions:
  Withdrawal payments

(459,333)
  Administrative expenses

(13,416)
Total deductions

(472,749)



Net increase in net assets available for benefits

1,327,053 



Net assets available for benefits at beginning of year

$6,428,355 
Net assets available for benefits at end of year

$7,755,408 
See accompanying notes to the financial statements.
2

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
1. Description of the Plan
General
The American Express Retirement Savings Plan (the “Plan”), which became effective June 11, 1973, is a defined contribution plan. Under the terms of the Plan, regular full-time and certain part-time U.S.-paid employees of American Express Company and its participating subsidiaries (the “Company”) can make elective contributions to the Plan beginning as soon as practicable after their date of hire, and eligible employees hired for the first time on or after January 1, 2017 as well as those rehired on or after January 1, 2022 are covered by the Plan’s automatic enrollment provisions. Eligible employees can qualify to receive Company contributions, if any, upon completion of six months of service.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The following is not a comprehensive description of the Plan, and therefore does not include all situations and limitations covered by the Plan. The Plan Document (“Plan Document”) is the exclusive governing document and should be referred to for more complete information.
Administration
Principal Life Insurance Company became the recordkeeper and Delaware Charter Guarantee & Trust Company, d/b/a Principal Trust Company, became the Trustee effective May 25, 2021. Effective February 22, 2022, custody services are provided by Principal Bank. Prior to these dates, Wells Fargo Bank, N.A. was the recordkeeper, Trustee and custodian for the Plan. The Plan is administered by the Company’s Employee Benefits Administration Committee (“EBAC”) and the Company’s Retirement Savings Plan Investment Committee (“RSPIC”). The Plan Document requires that the American Express Company Stock Fund be offered as an investment option, subject to compliance with ERISA. RSPIC has the power to select the other investment options available under the Plan and the manner in which these investment options are invested. Subject to Plan limits, RSPIC also has the power to appoint investment managers to make investment decisions. Under the terms of the Plan Document, the members of EBAC and RSPIC are appointed by the Company’s Vice President, Global Well-Being and Benefits.
Compensation
The participant compensation (commonly referred to as “Total Pay”) that is used in the calculation of Plan contributions generally includes an employee’s base pay plus overtime, shift differentials, most commissions and most cash incentives. For participants above certain salary grades, as defined by the Plan, Total Pay does not include any incentive pay which, in the aggregate, is in excess of one times their base salary when calculating Company contributions.
For purposes of the Plan, compensation is limited to a participant’s regular cash remuneration up to a maximum of $330,000 in 2023 and $305,000 in 2022, before tax deductions and certain other withholdings.
Contributions
The Plan currently provides for the following contributions:
Elective Contributions
Each pay period, participants may make Before-Tax Contributions, Roth Contributions, and/or After-Tax Contributions up to 10% of eligible compensation, or a combination thereof, not to exceed 80% of their Total Pay, to the Plan through payroll deductions. Roth Contributions are a special type of after-tax contribution and are subject to most of the same rules as Before-Tax Contributions. The Internal Revenue Code of 1986, as amended (the “Code”) imposes a limitation that is adjusted annually for cost of living increases on participants’ pre-tax and Roth contributions to plans which are qualified under Code Section 401(k) and other specified tax-favored plans. For 2023 and 2022, this limit was $22,500 and $20,500, respectively, for participants under age 50 and $30,000 and $27,000, respectively, for participants age 50 or older. The Plan complied with non-discrimination requirements under the Code during 2023 and 2022 by utilizing the safe harbor design for deferrals and matching contributions in accordance with Sections 401(k)(12) and 401(m)(11) of the Code.
3

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Eligible employees hired for the first time on or after January 1, 2017 as well as eligible employees rehired on or after January 1, 2022 are automatically enrolled to make Before-Tax Contributions equal to 6% of Total Pay, with a 1% automatic increase each year until the rate reaches 10%, unless the employee makes an alternative election to contribute at a different rate or opt out of automatic enrollment.
Company Matching Contributions
The Company matches 100% of a participant’s Before-Tax Contributions and/or Roth Contributions up to 6% of Total Pay after a participant’s completion of six months of service.
Fixed Rate Contributions
The Company may make a Fixed Rate Contribution annually, typically comprised of 2% or 3% of eligible participants’ Total Pay (with the applicable percentage determined by a participant’s pay band level) for participants who have completed six months of service. Such percentages were applied to calculate the Fixed Rate Contribution for 2023 and 2022. Participants must be employed on the last working day of the Plan year (or be disabled under the terms of the Plan) to be eligible for any Fixed Rate Contributions made for that Plan year. Fixed Rate Contributions to eligible participants are made regardless of whether the participant contributes to the Plan.
Discretionary Profit Sharing Contributions
Additional Discretionary Profit Sharing Contributions by the Company are permitted under the Plan; no Discretionary Profit Sharing Contributions were made in 2023 or 2022.
Qualified Non-Elective Contributions
The Company may make Qualified Non-Elective Contributions (“QNEC”). A QNEC is a discretionary, fully vested contribution allocated in accordance with the Company's direction at the time the QNEC is approved. Any QNECs are fully vested when made and distributable only under circumstances that permit distributions of Before-Tax Contributions or Roth Contributions.
Disability Contributions
Certain qualifying participants who become disabled, as defined by the Plan Document, are eligible to receive contributions similar to Fixed Rate Contributions, Discretionary Profit Sharing Contributions and Matching Contributions.
Allocation of Account Balances
A participant’s account balance may be reallocated among the Plan’s investment options upon receipt of instructions from the participant. Account balances may be reallocated among the Plan’s investment options on a daily basis.
Participant Rollovers
A rollover contribution is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers are accepted into the Plan, but are not subject to Company contributions.
In-Plan Roth Conversions
The Plan allows for in-Plan Roth conversions.
Vesting
Participants are immediately vested in their elective Before-Tax, Roth and After-Tax Contributions and rollovers, if any, as well as the investment earnings on the foregoing. Other contributions become vested as set forth below:
Company Matching Contributions
Company Matching Contributions and investment earnings thereon are immediately 100% vested.
Fixed Rate Contributions
Fixed Rate Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.
4

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Discretionary Profit Sharing Contributions
Discretionary Profit Sharing Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.
Qualified Non-Elective Contributions
QNECs are immediately 100% vested and investment earnings thereon are immediately 100% vested.
Disability Contributions
Disability Contributions are immediately 100% vested.
Forfeitures
Forfeitures of terminated participants’ non-vested accounts, as well as amounts attributable to outstanding checks as to which the payee cannot be located, are used at the discretion of the Company, as Plan Sponsor, to reduce future Company contributions, restore forfeitures for participants who are rehired, and reissue checks for any missing payees who are subsequently located. Forfeitures amounts not used for the above purposes may be used to pay Plan expenses as directed by the Plan Administrator. Forfeited non-vested balances were $2.6 million and $2.3 million as of December 31, 2023 and 2022, respectively. Accrued 2023 and 2022 Fixed Rate Contributions made to the Plan in March 2024 and March 2023, were reduced by $2.2 million and $1.7 million, respectively, from forfeited account balances; of the remaining forfeitures, $0.4 million will be used in 2024 and $0.6 million was used in 2023 to pay Plan expenses.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts and Plan assets will be distributed in accordance with the Plan Document.
Notes Receivable from Participants
Notes receivable from participants (loans) are carried at their unpaid principal balance plus any accrued but unpaid interest. Participants are allowed to apply for a loan from the Plan for a minimum amount of $500 up to the lesser of $50,000 or 50% of their vested balance, subject to certain restrictions set forth in the Plan and the Code, and to potentially higher limits in the event a participant has experienced a loss due to a qualifying natural disaster. General purpose loans are limited to terms of 59 months. Loans to purchase a principal residence have a maximum term of 359 months. Extensions may apply in the event a participant is absent on military leave or is affected by a qualifying natural disaster. Loan repayment amounts, including principal and interest, are deducted each pay period and allocated to participants’ investment accounts in accordance with the election in effect for new contributions at the time of repayment. Terminated participants who have an outstanding loan may make arrangements with the Plan’s recordkeeper to pay the loan in full, or make installment payments. If arrangements are not made for the payment of the outstanding loan balance, the loan amount will be considered in default and the outstanding loan balance will be offset from the account balance, subject to income tax regulations.
Loans are collateralized by the participant’s remaining vested account balance and the interest rate is fixed for the life of the loan. The interest rate determination is based on the prime rate plus one percentage point. In the event of a loan default, the loan is treated as a distribution (i.e., as an early withdrawal of funds from the Plan for tax purposes), which subjects the participant to income tax plus any penalties imposed by the Code based on the loan balance. If the participant is still employed, the loan balance is taxed as a “deemed distribution” but remains outstanding as an obligation of the participant until it is either repaid or the participant terminates employment. In the event of a termination, either voluntary or involuntary, the loan balance is treated as an actual distribution and deducted from the participant’s Plan account balance. Loans outstanding to participants at December 31, 2023, carried interest rates varying from 3.25% to 9.50% and will mature at various dates through December 14, 2053.

5

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Tax Deferrals
As long as the Plan remains qualified and the related Trust (the “Trust”) remains tax exempt, amounts invested in the Plan through Before-Tax Contributions and Company contributions and rollovers, as well as the investment earnings on such amounts, are not subject to federal income tax until distributed to the participant. After-Tax Contributions are taxed when contributed, with earnings taxed upon distribution. Roth Contributions are taxed when contributed, and earnings on Roth Contributions and rolled-in Roth amounts qualify for tax-free distribution if a participant (i) reaches age 59-1/2, dies or becomes disabled (as defined by federal law) and (ii) has a Roth Contribution account with the Plan (or another plan from which a direct rollover of Roth contributions is received) for at least five taxable years. If those conditions are not met, earnings on Roth Contributions are taxed when distributed. Amounts that are converted to Roth status through an in-plan Roth conversion are taxed when converted (with the exception of After-Tax Contributions; however, earnings on After-Tax Contributions are subject to tax when converted), and thereafter are subject to the Roth taxation rules.
Distributions and Withdrawals
Upon termination of employment due to disability, death or retirement at or after attainment of the Plan’s normal retirement age (65), participants or their beneficiaries are fully vested and eligible to receive a distribution of the full value of their accounts. If employment ends for other reasons, participants are eligible to receive a distribution of their vested account balance. When employment ends, participants (or their beneficiaries) may elect to receive their vested balance as a cash amount, American Express Company common shares, if applicable, shares of any investment available through self-directed brokerage accounts (“SDA”), if applicable, or a combination of cash and shares. If the account balance is greater than $1,000, a participant may elect to defer distribution until the participant's "required beginning date" as defined by Section 401(a)(9) of the Code, at which point distributions must be made at least annually in at least the minimum amount required by federal law. If the account balance is $1,000 or less, a distribution will be made in a lump sum following the end of employment. Participants may request a withdrawal of all or a portion of their vested account balances subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code. Distributions (other than required minimum distributions and hardship withdrawals) may be rolled over to a qualified Individual Retirement Account (“IRA”) or other qualified employer retirement plan, if that plan allows rollovers.
Expenses
The Company, in its discretion, may pay certain administrative expenses, with any expenses not paid by the Company being charged to the Plan. Expenses related to separately managed investment funds are generally paid out of the applicable investment funds. Fees, commissions, and other charges and administrative expenses that are attributable to the investment funds as a whole are generally paid from the Plan. All such expenses that are paid by the Plan are included within the administrative expenses on the Statement of Changes in Net Assets Available for Benefits. Fees and expenses incurred indirectly by the Plan from the underlying mutual funds and collective trusts in which the Plan may invest are not included in the Statement of Changes in Net Assets Available for Benefits as expenses, but reduce the asset value of that mutual fund or collective trust. Additional expenses are associated with the SDA, and participants electing to invest through the SDA are charged directly for these fees through their SDA.
The Plan's recordkeeper charges the Plan for recordkeeping of participant accounts, as well as trust and custody of plan assets. The Plan’s fee structure provides for a flat per-participant fee. The Plan’s investment adviser, NEPC, LLC, receives its compensation primarily in the form of a flat fee for its investment advisory services, which is paid by the Plan, plus an additional flat fee related to the oversight of the asset allocation of the Retirement Funds, as discussed in Note 4 (Investments), which is charged to the Plan’s Retirement Funds on a pro rata basis. Additionally, as described in Note 8 (Related Parties and Parties-In-Interest Transactions), the Plan reimburses the Company for direct expenses (salary and benefit costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.
6

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
2. Summary of Significant Accounting Policies
Basis of Accounting
The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
Amounts Based on Estimates and Assumptions
Accounting estimates are an integral part of the financial statements. These estimates are based, in part, on management’s assumptions concerning future events. Among the more significant assumptions are those that relate to fair value measurements. These accounting estimates reflect the best judgment of management, but actual results could differ.
Cash and Cash Equivalents
Cash includes cash on hand, while cash equivalents include other highly liquid investments with an original maturity of 90 days or less, such as money market funds. All cash equivalents are presented within the "Money market funds" and "Self-directed brokerage accounts" line items in the financial statements and are reported on “Schedule H, Line 4i”.
Investment Valuation and Income Recognition
Investments are generally reported at fair value, with the exception of fully benefit responsive investment contracts, which are reported at contract value. Investments traded on securities exchanges, including common and preferred stocks, are valued at the year-end closing market prices or, in the absence of a closing price, the last reported trade price at the financial statement date. The fair value of the Plan’s corporate debt instruments, U.S. Government and agency securities, municipal bonds and foreign bonds, is valued using a variety of observable market inputs, depending on the type of security being priced, and are obtained from pricing services engaged by Principal Bank for the year ended December 31, 2023 and for the period from February 22, 2022 through December 31, 2022, and by Wells Fargo Bank, N.A. for the period from January 1, 2022 through February 21, 2022. The fair value of the Plan's Stable Value Fund assets, described in Note 4 (Investments), is valued using pricing services engaged by Ameriprise Trust Company. See Note 3 (Fair Value Measurements) for a detailed discussion of the valuation techniques.
Purchases and sales of securities are reflected on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis. As required by the Plan, all dividend and interest income is reinvested into the same investment option in which the dividends and interest income arose, provided that restrictions may apply to investments held under the SDA, and with the exception of the American Express Company Stock Fund, which is an investment option and an Employee Stock Ownership Plan (“ESOP”). The ESOP holds shares of American Express Company stock on behalf of participants. Dividends are automatically reinvested in the American Express Company Stock Fund, unless participants elect that the dividends paid with respect to their interest in the fund be distributed in cash.
The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation or depreciation in the fair value of its investments, which consists of the realized gains or losses and the unrealized appreciation or depreciation on those investments.
Distributions and Withdrawals
Distributions and withdrawals are recorded when paid.
Subsequent Events
The Plan has evaluated subsequent events or transactions for potential recognition or disclosure through June 17, 2024, the date the financial statements were issued. The Plan determined that there are no subsequent events or transactions that require additional disclosure.
7

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
3. Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date, based on the Plan’s principal or, in the absence of a principal, most advantageous market for the specific asset or liability.
GAAP provides for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:
•Level 1 – Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan can access.
•Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:
–Quoted prices for similar assets or liabilities in active markets;
–Quoted prices for identical or similar assets or liabilities in markets that are not active;
–Inputs other than quoted prices that are observable for the asset or liability; and
–Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
•Level 3 – Inputs that are unobservable and reflect the Plan’s own estimates about the estimates market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows).
Plan Management monitors the market conditions and evaluates the fair value hierarchy levels at least annually.
Plan Management’s practice is to review the inputs, assumptions, and valuation techniques of pricing services used by the Plan’s asset custodians at least annually and to corroborate the prices provided by the Plan's asset custodians to test their reasonableness by comparing their prices to valuations from a different pricing source. In instances where price discrepancies are identified between different pricing sources, Plan Management would evaluate such discrepancies to ensure that the prices used for its calculation represent the fair value of the underlying investment securities. There were no price discrepancies identified for the years ended December 31, 2023 and 2022.
Financial Assets Carried at Fair Value
Financial assets disclosed in the tables below represent two types of assets. Assets held in funds (either mutual funds or common/collective trusts) are disclosed in the table according to the appropriate fund category (the underlying securities of those funds are not disclosed separately). Assets held in separate accounts (which are wholly owned by the Plan) are disclosed according to the appropriate category of the individual securities of those separately managed accounts; these individual securities include common stocks and fixed income securities. As such, the classification of financial assets in the table does not correspond to the classification of the investment options available to Plan participants, as discussed in Note 4 (Investments).
8

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2023:
Description (Thousands)

Total

Level 1

Level 2
Money market funds

$54,554 

$54,554 $— 
Corporate debt instruments

108,503

—108,503
Common stocks

2,371,145

2,371,145—
Common/Collective trusts

998,229

—998,229
U.S. Government and agency obligations

274,132

—274,132
Mutual funds

70,091

70,091—
Self-directed brokerage accounts

171,774

171,774—
Other investments

155,695

—155,695
Total assets in the fair value hierarchy

$4,204,123 

$2,667,564 

$1,536,559 
Common/collective trusts measured at net asset value (“NAV”)

2,701,554




Total investments, at fair value

$6,905,677 




The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2022:
Description (Thousands)

Total

Level 1

Level 2
Money market funds

$49,194 

$49,194 $— 
Corporate debt instruments

91,974 

—91,974
Common stocks

1,955,034 

1,955,034—
Common/Collective trusts

1,119,149 

—1,119,149
U.S. Government and agency obligations

219,770 

—219,770
Mutual funds

396,007 

396,007—
Self-directed brokerage accounts

140,152 

140,152—
Other investments

147,681 

—147,681
Total assets in the fair value hierarchy

$4,118,961 

$2,540,387 

$1,578,574 
Common/collective trusts measured at NAV

1,472,229




Total investments, at fair value

$5,591,190 





9

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Valuation Techniques Used in the Fair Value Measurement of Financial Assets Carried at Fair Value
For the financial assets measured at fair value on a recurring basis (categorized in the valuation hierarchy table above), the Plan applies the following valuation techniques:
Level 1:
•Money market funds are valued at NAV, which represents the exit price.
•Investments in American Express Company common stock, other stock, and active publicly traded equity securities are valued at the official closing price of U.S. public exchanges or, if there is no official closing price that day, at the last reported trade price at the financial statement date.
•Mutual funds held within the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940. These investments are required to make publicly available the daily NAV of the fund and to transact at this price. Hence, open-end mutual funds transact at quoted prices. In addition, the mutual funds held by the Plan are actively traded.
•The Plan’s self-directed brokerage accounts are primarily comprised of mutual funds and are valued using the corresponding valuation techniques as previously described.
Level 2:
•The fair values for the Plan’s corporate debt instruments, U.S. Government and agency obligations, and Other investments (asset-backed securities, foreign sovereign debt, municipal bonds, and private placement securities), are obtained primarily from pricing services engaged by Principal Bank for the year ended December 31, 2023 and for the period from February 22, 2022 through December 31, 2022, Wells Fargo Bank, N.A. for the period from January 1, 2022 through February 21, 2022, and with respect to Stable Value Fund assets, Ameriprise Trust Company for the years ended December 31, 2023 and 2022. The fair values provided by the pricing service are estimated using pricing models, where the inputs to those models are based on observable market inputs or recent trades of similar securities. The inputs to the valuation techniques applied by the pricing service vary depending on the type of security being priced but are typically benchmark yields, benchmark security prices, credit spreads, prepayment speeds, reported trades, and broker-dealer quotes, all with reasonable levels of transparency. In addition, the Plan did not apply any adjustments to the prices received from the pricing services for 2023 and 2022. Plan Management reaffirms its understanding of the valuation techniques used by the pricing services at least annually. The Plan classifies the prices obtained from the pricing services within Level 2 of the fair value hierarchy because the underlying inputs are directly observable from active markets or recent trades of similar securities in inactive markets. However, the pricing models used do entail a certain amount of subjectivity, and therefore differing judgments in how the underlying inputs are modeled could result in different estimates of fair value.
•Common/collective trusts are investment funds formed by the pooling of investments by institutional investors, such as a group of not necessarily affiliated pension or retirement plans, typically with the intention of achieving cost savings over similar investment options such as mutual funds. Common/collective trusts are similar to mutual funds, with a named investment manager and documented investment objective. These investments, however, are not registered with the SEC (unlike mutual funds, which are registered with the SEC), and participation is not open to the public. The NAV is measured by the custodian or investment manager as of the close of regular daily trading and is corroborated with observable inputs provided by pricing services for the securities. To the extent the NAV is made publicly available, these common/collective trusts are classified within Level 2 of the fair value hierarchy and the NAVs represent the exit price for the funds.
Level 3:
•There are no Level 3 securities held by the Plan.
Assets Measured at NAV:
•For common/collective trusts whose NAVs are communicated only to investors in the trusts and are not publicly available, the NAVs are being used as practical expedient for fair value and represent the exit price for the funds.
10

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
The fair values of the financial instruments are estimates based upon the market conditions and perceived risks as of December 31, 2023 and 2022 and require management judgment. The Plan’s valuation techniques used to measure the fair value of its investments may produce fair values that may not be indicative of a future sale, or reflective of future fair values. The use of different techniques to determine the fair value of these types of investments could result in different estimates of fair value at the reporting date. There were no transfers among the levels of fair value hierarchy during the years ended December 31, 2023 and 2022.
Fair Value of Investments Using NAV as Practical Expedient
The following tables summarize investments measured at fair value based on NAV per share/unit as of December 31, 2023 and 2022, respectively:
As of December 31, 2023
Fair Value
(Thousands)
Redemption Frequency
Redemption Notice Period
Common/collective trusts(a)
$2,701,554
As needed
Up to 5 business days(b)
As of December 31, 2022
Fair Value
(Thousands)
Redemption Frequency
Redemption Notice Period
Common/collective trusts(a)
$1,472,229
As needed
Up to 5 business days(b)
a.Common/collective trusts are invested to gain exposure to broad public indices, including U.S., international developed and emerging market equity securities, and fixed income securities.
b.Fund trustees have the discretion to impose a longer notice period for the redemption of all or substantially all of the Plan's investment in the funds.
11

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
4. Investments
The investment options available to participants include nine core investment options (the “Core Investment Options”), of which five are actively managed (although in some cases, an actively managed option may also include a passively managed component) and four are passively managed (also known as index funds). In addition, target date funds (the “Retirement Funds”) based on target retirement dates are also available. The Retirement Funds invest in a mix of the actively managed Core Investment Options (and in some cases, also include an allocation to a Treasury inflation-protected securities strategy not available as a Core Investment Option). The Retirement Fund associated with the year in which a participant turns 65 generally serves as the Plan’s “default investment” to the extent a participant does not have a valid investment election on file. Additional investment options include the SDA and the American Express Company Stock Fund. A participant may currently elect to invest contributions in any combination of investment options in increments of 1% and change investment elections for future contributions on any business day the New York Stock Exchange is open. Participants may allocate up to 10% of their future contributions to the American Express Company Stock Fund, and transfers of balances from other investment options into the American Express Company Stock Fund are only permitted to the extent the participant’s investment in the American Express Company Stock Fund after the transfer does not exceed 10% of the participant’s overall Plan balance. Special rules and restrictions may apply to the SDA.
A brief description of the investment options available to participants at December 31, 2023, is set forth below:
Core Investment Options
RSPIC has created five actively managed Core Investment Options to provide diversified and actively managed options to participants. Four of these actively managed Core Investment Options (The Diversified Bond Fund, The U.S. Large-Cap Equity Fund, The U.S. Small/Mid-Cap Equity Fund, and The International Equity Fund) represent a broad asset class (e.g., U.S. Large-Cap Equity, U.S. Small/Mid-Cap Equity, Bonds, etc.) using several managers (and in some cases, also including a passively managed component) within each Fund. These actively managed Core Investment Options seek to outperform a broad market index by buying and selling a limited number of investments (stocks, bonds, or other investments) using the underlying investment managers’ investment management skills.
The actively managed Stable Value Fund invests in diversified pools of U.S. Government and agency fixed income securities together with book value wrap agreements issued by creditworthy insurance companies or banks with the objective to protect a participant’s original investment while offering a competitive rate of interest with minimum risk.
The Stable Value Fund holds a portfolio of book value wrap contracts that are fully benefit-responsive and comprised of both an investment and a contractual component. The investment component consists of units of common/collective trusts and a fixed income portfolio employing active management investment strategies, collectively referred to as the Stable Value Fund assets. Under the book value wrap contracts, the book value wrap provider is obligated to provide sufficient funds to cover participant benefit withdrawals and certain types of investment transfers regardless of the market value of the Stable Value Fund assets. While the contracts are designed to protect the Stable Value Fund against interest rate risk, the Stable Value Fund is still exposed to risk if issuers of the Stable Value Fund assets default on payment of interest or principal, but this risk is mitigated because the underlying Stable Value Fund assets in the Stable Value Fund bond portfolio are backed by the U.S. Government. The contracts may not cover participant benefit payments at contract value upon the occurrence of certain events, described below, involving the Stable Value Fund, American Express as its plan sponsor (“Plan Sponsor”) or Ameriprise Trust Company, an affiliate of Ameriprise Financial, Inc., its investment manager.
12

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Fully benefit-responsive book value wrap contracts held by a separately managed account created for a defined contribution plan are required to be reported at contract value, rather than fair value, on the Statements of Net Assets Available for Benefits. Contract value is the relevant measure for fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals and administrative expenses.
Certain events might limit the ability of the Plan to transact at contract value with the contract issuer and therefore also limit the ability of the Plan to transact at contract value with the participants of the Plan. These events may be different under each contract. Examples of such events include the following:
•The Plan’s failure to qualify under Section 401(a) of the Internal Revenue Code or the failure of the trust to be tax-exempt under Section 501(a) of the Internal Revenue Code;
•Premature termination of the contracts;
•Plan termination or merger;
•Changes to the Plan’s administration of competing investment options; and
•Bankruptcy of the Plan Sponsor or other Plan Sponsor events (for example, divestitures or spinoffs of a subsidiary) that significantly affect the Plan’s normal operations.
Plan Management believes no such events are probable of occurring.
In addition, certain events allow the issuer to terminate the contracts with the Plan and settle at an amount different from contract value. Those events may be different under each contract. Examples of such events include the following:
•An uncured violation of the Plan’s investment guidelines;
•A breach of material obligation under the contract;
•A material misrepresentation; and
•A material amendment to the agreements without the consent of the issuer.
Plan Management believes no such events are probable of occurring.
RSPIC has also created four passively-managed (index) Core Investment Options: The Diversified Bond Index Fund, The U.S. Large-Cap Equity Index Fund, The U.S. Small/Mid-Cap Equity Index Fund, and The International Equity Index Fund, which currently use a single index fund as the underlying investment in each Fund. Each passively-managed Core Investment Option seeks to mirror the investments and track the performance of a broad market index that includes hundreds or thousands of stocks or bonds.
Self-Directed Brokerage Accounts
The SDA gives participants the opportunity to invest in a wide variety of mutual funds in addition to the specific investment options mentioned above. Participants may request a Prospectus for any of the funds available through the SDA.
American Express Company Stock Fund
The Plan Document requires that this Fund be offered as an investment option under the Plan, subject to compliance with ERISA. The American Express Company Stock Fund is an ESOP. This Fund invests primarily in American Express Company common shares and holds a small amount of cash or other short-term cash equivalents to meet requests for investment transfers, withdrawals, and distributions. Participants have full voting rights for the common shares underlying the units that are allocated to the American Express Company Stock Fund.
A full, detailed description of the Plan’s investment options, and associated terms and conditions, is available to all participants.
13

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
5. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities and current market volatility, it is at least reasonably possible that changes in the values of investment securities will continue to occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits.
6. Income Tax Status
The Plan has received a favorable determination letter from the Internal Revenue Service ("IRS") dated August 10, 2022, stating that the Plan is qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. The Plan has been amended after the period covered by the determination letter. Although the Plan has been amended since receiving the determination letter, the Company believes the Plan, as amended, is currently designed and being operated in compliance with the applicable requirements of the Code, and therefore, believes that the Plan, as amended, is qualified, the related trust is tax-exempt, and the Plan satisfies the requirements of Section 4975(e)(7) of the Code.
GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability or asset if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Plan Management has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability, or asset, or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions.
7. Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2023 and 2022:
(Thousands)

2023

2022
Net assets available for benefits per the financial statements

$7,755,408 

$6,428,355 
Difference between contract value and fair value of fully benefit-responsive investment contracts

(37,110)

(49,544)
Loans deemed distributed

(239)

(209)
Net assets per the Form 5500

$7,718,059 

$6,378,602 
The following is a reconciliation of net income per the financial statements to the Form 5500 for the year ended December 31, 2023:
(Thousands)

2023
Net increase in net assets available for benefits per the financial statements

$1,327,053 
Adjustment for difference between contract value and fair value of fully benefit-responsive investment contracts

12,434 
Change in deemed distributions of participant loans

(30)
Net income per the Form 5500

$1,339,457 

14

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
8. Related Parties and Parties-In-Interest Transactions
The Plan allows for transactions with, and certain investments in, certain parties that may perform services for, or have fiduciary responsibilities to, the Plan, including Principal Financial Group and its affiliates and Charles Schwab and Co., Inc. and its affiliates, as well as investment managers appointed by RSPIC. Transactions with these parties are considered party-in-interest transactions, but not considered prohibited transactions under ERISA. As noted in Supplemental Schedule H, Line 4i, the Plan held investments with parties-in-interest in Ameriprise Financial, Inc. and its affiliates, BlackRock Institutional Trust Company, N.A. and its affiliates, Charles Schwab and Co. Inc. and its affiliates, Fidelity Investment Management and its affiliates, J.P. Morgan Investment Management, Inc. and its affiliates, Morgan Stanley Investment Management and its affiliates, Principal Financial Group and its affiliates, Vanguard Fiduciary Trust Company and its affiliates, and Willis Towers Watson and its affiliates as of December 31, 2023. Additionally, the self-directed brokerage account includes certain investments considered to be party-in-interest investments. Notes Receivable from Participants, as discussed in Note 1 (Description of the Plan), are also considered party-in-interest transactions.
Berkshire Hathaway, Inc. and its affiliates are considered parties-in-interest due to ownership interests in the Company. The Plan holds certain securities in Berkshire Hathaway in accordance with investment strategies directed by its qualified professional asset managers.
Additionally, the Company is considered a party-in-interest as well as a related party. As of December 31, 2023 and 2022, the Plan held 4,272,748 shares of American Express Company common stock valued at $800 million and 4,427,465 shares valued at $654 million, respectively. During the 2023 plan year the Plan acquired 62,728 shares of American Express Company common stock valued at $10 million through dividend reinvestments and sold 134,045 shares valued at $23 million. The Plan reimburses the Company for direct expenses (salary and benefits costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.
15
SUPPLEMENTAL SCHEDULES
16

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
Money Market Funds
*
FIDELITY MM GOVT PORTFOLIO #5754,555 54,554
Total Money Market Funds$54,554 




Corporate Debt Instruments



ABBVIE INC 4.050% 11/21/39485 438
ABBVIE INC 4.400% 11/06/42395 366
ABBVIE INC 4.500% 5/14/35410 401
ABN AMRO BK MTN V-S 6.575% 10/13/26300 305
AEP TRANSMISSION CO 3.150% 9/15/49120 86
AERCAP IRELAND CAP/G 1.750% 1/30/26150 139
AERCAP IRELAND CAP/G 2.450% 10/29/26180 167
AERCAP IRELAND CAP/G 3.300% 1/30/32210 183
AERCAP IRELAND CAPIT 6.100% 1/15/27290 296
AETNA INC 3.875% 8/15/47150 117
AFLAC INC 3.600% 4/01/301,565 1,478
AIR LEASE CORP 2.200% 1/15/27218 200
AIR LEASE CORP 3.250% 10/01/29415 375
ALABAMA POWER CO 5.700% 2/15/33200 208
ALBEMARLE CORP 5.450% 12/01/4450 47
ALEXANDRIA REAL ESTA 1.875% 2/01/33140 109
ALEXANDRIA REAL ESTA 2.000% 5/18/32310 249
ALTRIA GROUP INC 2.450% 2/04/32260 212
AMAZON.COM INC 3.250% 5/12/6165 48
AMAZON.COM INC 3.875% 8/22/37110 102
AMAZON.COM INC 3.950% 4/13/52285 249
AMAZON.COM INC 4.100% 4/13/6284 74
AMER AIRLINE 16-2 AA 3.200% 6/15/28135 123
AMER AIRLINE 16-3 AA 3.000% 4/15/3085 77
AMER AIRLN 14-1 A PT 3.700% 10/01/2679 74
AMER AIRLN 15-1 A PT 3.375% 5/01/27575 527
AMERICAN TOWER CORP 2.100% 6/15/30150 126
AMERICAN TOWER CORP 3.100% 6/15/50139 95
AMERICAN TOWER CORP 3.700% 10/15/49220 167
AMERICAN TOWER CORP 5.900% 11/15/33170 180
AMERICAN WATER CAPIT 3.450% 6/01/29150 142
AMGEN INC 3.150% 2/21/40200 156
AMGEN INC 5.250% 3/02/33255 261


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

17

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
ANALOG DEVICES INC 2.800% 10/01/41250 186
ANHEUSER-BUSCH INBEV 4.375% 4/15/38190 180
ANHEUSER-BUSCH INBEV 4.439% 10/06/48240 221
ANZ NATIONAL INTL 5.355% 8/14/28210 215
APTIV PLC / APTIV CO 3.250% 3/01/32239 211
ARROW ELECTRONICS IN 3.875% 1/12/2855 52
ASTRAZENECA PLC 4.000% 9/18/4260 55
ASTRAZENECA PLC 6.450% 9/15/3770 82
AT&T INC 2.250% 2/01/32350 289
AT&T INC 2.300% 6/01/27725 673
AT&T INC 2.750% 6/01/31180 158
AT&T INC 3.500% 6/01/41154 122
AT&T INC 3.550% 9/15/55638 459
ATMOS ENERGY CORP 5.500% 6/15/41100 105
AUTOZONE INC 1.650% 1/15/31190 154
AVOLON HLDGS FDG LTD 6.375% 5/04/28265 270
BALTIMORE GAS 5.400% 6/01/53265 273
BALTIMORE GAS & ELEC 2.900% 6/15/50110 75
BALTIMORE GAS & ELEC 3.500% 8/15/4670 54
BANCO SANTANDER CONV 5.588% 8/08/28400 408
BANCO SANTANDER S.A 6.607% 11/07/28600 639
BANK AMERICA V-D 5.819% 9/15/29460 475
BANK AMERICA V-D 5.872% 9/15/34280 293
BANK MONTR MTN CONV 5.717% 9/25/28280 290
BANK NEW MTN V-D 6.474% 10/25/34180 199
BANK OF AMER CRP V-D 5.288% 4/25/34440 441
BANK OF AMER MTN V-D 4.376% 4/27/28280 274
BANK OF AMERICA V-D 5.202% 4/25/29410 413
BANK OF IRELAND V-A 6.253% 9/16/26420 425
BANK OF NY MTN V-D 6.317% 10/25/29215 228
BANQUE FED CRED CONV 4.935% 1/26/26400 399
BANQUE FED DU CRED 5.896% 7/13/26200 204
BARCLAY PLC CONV V-A 5.304% 8/09/26200 199
BARCLAYS CONV V-D 6.224% 5/09/34270 280
BARCLAYS PLC V-D 6.490% 9/13/29200 208
BAT CAPITAL CORP 3.734% 9/25/40130 96
BAT CAPITAL CORP 4.540% 8/15/47257 197
BAT INTL FINANCE PLC 1.668% 3/25/26145 135
BAXALTA INC 5.250% 6/23/457 7


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

18

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
*
BERKSHIRE HATHAWAY 3.850% 3/15/52165 138
*
BERKSHIRE HATHAWAY 4.450% 1/15/49235 206
BHP BILLITON FIN 5.250% 9/08/30330 342
BK NOVA SCOTIA CONV 4.850% 2/01/30273 273
BOARDWALK PIPELINES 3.400% 2/15/31100 89
BOEING CO 3.250% 3/01/28251 236
BOEING CO 5.150% 5/01/30210 214
BOEING CO 5.705% 5/01/40175 181
BP CAP MARKETS AMERI 2.939% 6/04/51345 239
BP CAP MKTS AMER 4.812% 2/13/33220 222
BP CAP MKTS AMER INC 4.893% 9/11/33180 183
BPCE SA V-D 5.975% 1/18/27250 252
BRISTOL-MYERS SQUIBB 4.125% 6/15/39122 110
BRIXMOR OPERATING PA 2.250% 4/01/28220 195
BRIXMOR OPERATING PA 2.500% 8/16/31115 96
BRIXMOR OPERATING PA 3.850% 2/01/25120 117
BROADCOM INC 4.750% 4/15/29330 331
BROOKFIELD FINANCE 3.900% 1/25/28297 286
BROOKFIELD FINANCE 4.700% 9/20/4713 11
BROOKFIELD FINANCE 4.850% 3/29/2996 95
BROWN & BROWN INC 2.375% 3/15/31100 82
BUNGE LTD FINANCE CO 2.750% 5/14/31260 226
BURLINGTN NORTH SANT 4.375% 9/01/42130 120
BURLINGTON NORTH SAN 6.150% 5/01/3760 67
CAIXABANK SA V-D 6.684% 9/13/27255 261
CAMPBELL SOUP CO 3.125% 4/24/5066 46
CANADIAN PAC RY CO 4.700% 5/01/48217 197
CANADIAN PACIFIC RR 5.750% 3/15/3370 73
CAPITAL ONE FIN V-D 6.312% 6/08/29145 149
CAPITAL ONE FINANCIA 3.300% 10/30/24350 344
CAPITAL ONE FINL V-D 4.927% 5/10/2829 29
CAPITAL ONE FINL V-D 4.985% 7/24/2650 49
CBS CORP 2.900% 1/15/27105 97
CELANESE US HLDS 6.050% 3/15/2532 32
CENTERPOINT ENER HOU 3.000% 2/01/2791 87
CGI INC 2.300% 9/14/31200 164
CHARTER COMM OPT LLC 3.500% 3/01/42375 261
CHARTER COMM OPT LLC 3.700% 4/01/51130 85
CHARTER COMM OPT LLC 5.375% 4/01/3848 43


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

19

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
CHARTER COMM OPT LLC 6.384% 10/23/35500 508
CHARTER COMM OPT LLC 6.834% 10/23/5570 70
CIGNA CORP 3.400% 3/01/27415 400
CINCINNATI FINL CORP 6.920% 5/15/2850 54
CITIGROUP INC 4.450% 9/29/2721 21
CLEVELAND ELECTRIC 5.950% 12/15/3640 41
CMS ENERGY CORP 2.950% 2/15/2739 37
COCA-COLA FEMSA SAB 1.850% 9/01/32205 163
COMCAST CORP 2.887% 11/01/51244 165
COMCAST CORP 2.937% 11/01/56143 94
COMCAST CORP 3.200% 7/15/36200 168
COMCAST CORP 3.400% 4/01/301,375 1,287
COMCAST CORP 3.900% 3/01/3855 49
COMCAST CORP 4.250% 1/15/33150 146
COMMONSPIRIT HEALTH 2.782% 10/01/30545 473
COMMONWEALTH EDISON 3.650% 6/15/4645 35
COMMONWEALTH EDISON 3.750% 8/15/4770 56
CONSTELLATION ENERGY 6.500% 10/01/53220 248
CONSTL ENRGY GEN LLC 5.800% 3/01/33208 219
CONSUMERS ENERGY 4.625% 5/15/33265 265
CONTL AIRLINES 2012- 4.000% 10/29/24361 352
COOPERATIEVE V-A 5.564% 2/28/29400 406
COREBRIDGE FIN INC 3.850% 4/05/29105 99
COREBRIDGE FINANCIAL 3.650% 4/05/27145 139
COREBRIDGE GLOB FUND 5.900% 9/19/28180 185
CORPORATE OFFICE PRO 2.000% 1/15/2990 75
CORPORATE OFFICE PRO 2.750% 4/15/31362 293
CREDIT AGRI CONV V-D 6.316% 10/03/29250 262
CREDIT SUISSE AG 7.950% 1/09/25270 276
CREDIT SUISSE NEW YO 1.250% 8/07/26355 322
CSL FINANCE PLC 3.850% 4/27/27215 209
CSX CORP 6.000% 10/01/36175 192
CVS HEALTH CORP 2.700% 8/21/40500 357
DANSKE BANK V-A 6.466% 1/09/26200 201
DDR CORP 3.625% 2/01/2561 59
DELL INT LLC / EMC 4.900% 10/01/26146 146
DELL INT LLC EMC 5.250% 2/01/28146 150
DELL INTL L L C / EM 6.020% 6/15/26121 124
DELTA AIR LINES 2015 3.625% 7/30/27912 859


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

20

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
DELTA AIR LINES 2020 2.000% 6/10/2848 43
DEUTSCHE BANK V-D 7.146% 7/13/27245 254
DEUTSCHE BK CONV V-D 6.819% 11/20/29190 200
DH EUROPE FINANCE II 3.250% 11/15/3980 66
DISCOVERY COMMUNICAT 3.450% 3/15/25120 117
DISCOVERY COMMUNICAT 5.200% 9/20/47275 237
DOMINION ENERGY INC 3.375% 4/01/30210 193
DOMINION RESOURCES 2.850% 8/15/2676 72
DOWDUPONT INC 5.319% 11/15/38100 103
DTE ELECT SEC II 6.090% 9/01/38300 331
DTE ELECTRIC CO 5.400% 4/01/53260 273
DTE ENERGY CO 1.050% 6/01/25380 358
DUKE ENERGY CORP 2.650% 9/01/2643 41
DUKE ENERGY CORP 6.100% 9/15/53250 271
DUKE ENERGY FLA LLC 6.200% 11/15/53180 206
DUKE ENERGY FLORIDA 3.800% 7/15/28200 194
DUKE ENERGY OHIO INC 4.300% 2/01/4960 51
DUKE ENERGY PROGRESS 2.900% 8/15/51180 121
DUKE ENERGY PROGRESS 4.200% 8/15/45130 111
EASTERN GAS TRAN 3.900% 11/15/49206 152
EIDP INC 4.500% 5/15/26226 225
ELEMENT FLEET MGMT 6.319% 12/04/28180 186
ELEVANCE HEALTH INC 4.750% 2/15/33143 143
EMERA US FINANCE LP 3.550% 6/15/2670 67
EMERA US FINANCE LP 4.750% 6/15/46150 123
ENABLE MIDSTREAM PAR 4.950% 5/15/2855 55
ENBRIDGE INC 5.700% 3/08/33180 187
ENERGY TRANSFER OPER 6.250% 4/15/49209 216
ENERGY TRANSFER PART 5.500% 6/01/2736 36
ENERGY TRANSFER PART 6.000% 6/15/48268 270
ENTERGY LOUISIANA LL 2.400% 10/01/2659 55
ENTERGY LOUISIANA LL 2.900% 3/15/51140 93
ENTERGY LOUISIANA LL 3.050% 6/01/3157 50
ENTERGY LOUISIANA LL 3.120% 9/01/2740 38
ENTERGY MISSISSIPPI 3.850% 6/01/49190 152
ENTERPRISE PRODUCTS 4.900% 5/15/46180 172
EQUINIX INC 2.900% 11/18/26305 290
ESSEX PORTFOLIO LP 1.650% 1/15/31200 158
EVERGY INC 2.900% 9/15/29235 213


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

21

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
EVERGY METRO INC 4.950% 4/15/33284 284
EXELON CORP 5.100% 6/15/45170 161
EXELON GENERATION CO 3.250% 6/01/25340 330
EXELON GENERATION CO 6.250% 10/01/39180 192
EXTRA SPACE STORAGE 2.400% 10/15/31135 111
EXTRA SPACE STORAGE 4.000% 6/15/29214 204
EXTRA SPACE STORAGE 5.900% 1/15/31190 198
EXXON MOBIL CORPORAT 2.995% 8/16/39400 321
FED CAISSES DESJARDI 5.700% 3/14/28200 206
FISERV INC 4.400% 7/01/4990 79
FLORIDA PWR & LT CO 5.300% 4/01/53140 146
FORD FOUNDATION/THE 2.815% 6/01/7090 57
FORD MOTOR CREDIT CO 2.900% 2/10/29541 474
FORTIS INC 3.055% 10/04/26155 147
GENERAL MILLS INC 4.950% 3/29/33160 162
GENERAL MOTORS FINL 2.350% 1/08/31157 130
GENERAL MOTORS FINL 2.700% 6/10/31115 96
GENERAL MOTORS FINL 2.750% 6/20/25360 346
GILEAD SCIENCES INC 2.600% 10/01/40300 221
GLOBAL PAYMENTS INC 2.900% 5/15/3067 59
GLOBAL PAYMENTS INC 2.900% 11/15/31129 110
GLOBAL PAYMENTS INC 3.200% 8/15/29186 169
GOLDMAN SACHS GP V-D 6.484% 10/24/29250 265
GOLDMAN SACHS GROUP 3.800% 3/15/30200 188
HACKENSACK MERIDIAN 2.675% 9/01/41445 317
HACKENSACK MERIDIAN 2.875% 9/01/50250 173
HALLIBURTON CO 4.850% 11/15/3543 42
HALLIBURTON COMPANY 6.700% 9/15/3850 58
HANOVER INSURANCE GR 2.500% 9/01/30140 115
HARRIS CORPORATION 4.854% 4/27/3540 39
HARTFORD FINL SVCS 4.300% 4/15/4390 77
HCA INC 3.500% 7/15/5192 65
HCA INC 5.125% 6/15/39175 167
HCA INC 5.500% 6/01/33220 223
HCA INC 5.500% 6/15/47105 101
HCP INC 3.250% 7/15/26350 337
HEALTH CARE REIT INC 6.500% 3/15/41140 154
HEALTHPEAK PROPERTIE 2.125% 12/01/28271 238
HF SINCLAIR CORP 5.875% 4/01/26155 157


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

22

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
HIGH STREET FDG TR I 4.111% 2/15/28149 141
HOME DEPOT INC 3.625% 4/15/52170 138
HSBC HLDGS PLC CONV 7.350% 11/27/32224 238
HSBC HLDGS PLC V-D 6.254% 3/09/34250 266
HSBC HOLDINGS V-D 7.390% 11/03/28430 460
IBM CORP 3.500% 5/15/291,350 1,287
ING GROEP CONV V-D 6.114% 9/11/34242 254
ING GROEP NV 3.950% 3/29/27200 193
INTEL CORP 4.875% 2/10/28356 362
INTEL CORP 5.625% 2/10/4318 19
INTEL CORP 5.700% 2/10/53185 200
INTUIT INC 5.200% 9/15/33230 241
INTUIT SR NT 5.500% 9/15/5370 77
JBS USA LUX 6.750% 3/15/34270 284
JERSEY CENTRAL PWR 6.150% 6/01/3730 32
JM SMUCKER CO 6.200% 11/15/3395 104
JM SMUCKER CO 6.500% 11/15/5385 98
KANSAS CITY POWER & 4.200% 3/15/4860 50
KBC GROUP V-S 6.324% 9/21/34350 370
KELLOGG CO 5.250% 3/01/33196 201
KEYCORP MTN V-D 4.789% 6/01/3345 41
KINDER MORGAN INC/DE 5.050% 2/15/4640 36
KLA CORP 3.300% 3/01/50100 76
KRAFT HEINZ FOODS CO 4.375% 6/01/46120 105
KRAFT HEINZ FOODS CO 4.625% 10/01/39155 144
L3HARRIS TECH INC 5.400% 7/31/33203 211
LASMO USA INC DTD 7.300% 11/15/2770 75
LEAR CORP 2.600% 1/15/3285 69
LEIDOS INC 5.750% 3/15/33110 115
LLOYDS BANKING GROUP 4.375% 3/22/28200 195
LLOYDS BANKING V-A 5.985% 8/07/27229 233
LLOYDS TSB CONV V-S 3.511% 3/18/26200 195
LOUISVILLE GAS & ELE 4.650% 11/15/43100 87
LOWE'S COS INC 2.625% 4/01/31230 201
LOWE'S COS INC 3.000% 10/15/50225 153
LOWE'S COS INC 5.625% 4/15/53124 130
LUBRIZOL CORP 6.500% 10/01/34193 225
LYB INTL FINANCE BV 4.875% 3/15/44170 157
MANULIFE FINL CORP 3.703% 3/16/32310 291


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

23

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
MARSH & MCLENNAN COS 4.375% 3/15/29325 323
MARVELL TECHNOLOGY 5.750% 2/15/29250 258
MASCO CORP 2.000% 10/01/3090 74
MASCO CORP 6.500% 8/15/32110 120
MASS MUTUAL LIFE 5.672% 12/01/52154 159
MCDONALD'S CORP 4.200% 4/01/50125 111
MCDONALD'S CORP 4.700% 12/09/35101 100
MCDONALD'S CORP 6.300% 10/15/3738 43
MDC HOLDINGS INC 2.500% 1/15/3166 54
MEAD JOHNSON NUTRITI 4.600% 6/01/4435 33
MEMORIAL HEALTH SERV 3.447% 11/01/49310 235
MERCK & CO INC 5.000% 5/17/53155 159
MERCK & CO INC 5.150% 5/17/63120 125
MET LIFE GLOB MTN 3.300% 3/21/29542 503
META PLATFORMS INC 5.600% 5/15/53235 255
MICROSOFT CORP 3.041% 3/17/6246 33
MID-AMERICA APARTMEN 1.700% 2/15/31160 130
MIDAMERICAN ENERGY 5.850% 9/15/54110 122
MIDMICHIGAN HEALTH 3.409% 6/01/5090 64
MITSUBISHI UFJ FIN 2.048% 7/17/30360 303
MITSUBISHI UFJ FIN 3.751% 7/18/39290 254
MITSUBISHI UFJ V-A 5.422% 2/22/29420 428
MIZUHO FINANCIAL V-A 5.778% 7/06/29425 437
MIZUHO FINL GRP V-A 5.739% 5/27/31280 288
MOLSON COORS BREWING 4.200% 7/15/46139 118
MOODY'S CORPORATION 3.250% 5/20/50210 154
*
MORGAN STANLEY 3.125% 7/27/26500 479
*
MORGAN STANLEY V-D 5.164% 4/20/29340 342
*
MORGAN STANLEY V-D 5.424% 7/21/3460 61
*
MORGAN STANLEY V-D 5.449% 7/20/2985 87
MPLX LP 4.800% 2/15/29139 138
MUTUAL OMAHA GLOBAL 5.800% 7/27/26200 204
NASDAQ INC 5.550% 2/15/3485 88
NATIONAL RETAIL PROP 3.600% 12/15/2662 59
NATIONAL SECS CLEAR 5.000% 5/30/28284 289
NATIONWIDE V-D 6.557% 10/18/27260 269
NATL BANK OF CANADA 5.600% 12/18/28285 292
NATWEST GRP CONV V-A 7.472% 11/10/26200 207
NEVADA POWER CO 6.000% 3/15/54110 121


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

24

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
NEXTERA ENERGY CAP 5.749% 9/01/25430 434
NNN REIT INC 5.600% 10/15/33150 155
NOMURA HOLDINGS INC 2.679% 7/16/30200 170
NORDEA BANK ABP 5.375% 9/22/27200 203
NORFOLK SOUTHERN COR 3.942% 11/01/47151 126
NORFOLK SOUTHERN COR 4.837% 10/01/41235 226
NORTHEASTERN UNIVERS 2.894% 10/01/50400 281
NORTHERN STATE PWR- 6.200% 7/01/3750 55
NORTHERN STATES PWR 5.100% 5/15/53190 192
NORTHERN STS PWR CO 4.500% 6/01/52217 199
NORTHROP GRUMMAN COR 5.250% 5/01/50335 345
NUCOR CORP 2.979% 12/15/5550 34
NUTRIEN LTD 4.125% 3/15/35100 92
NVENT FINANCE SARL 4.550% 4/15/2898 95
NXP BV / NXP FDG LLC 2.500% 5/11/31300 255
NXP BV / NXP FDG LLC 3.250% 5/11/41425 324
NXP BV/NXP FDG LLC 3.150% 5/01/27350 332
OGLETHORPE POWER CRP 6.200% 12/01/53303 325
OHIO POWER COMPANY 2.900% 10/01/51240 163
ONCOR ELECTRIC DELIV 3.100% 9/15/49215 154
ORACLE CORP 1.650% 3/25/26300 280
ORACLE CORP 3.850% 7/15/36267 233
ORACLE CORP 3.950% 3/25/51174 136
ORACLE CORP 4.000% 7/15/46120 96
ORACLE CORP 4.900% 2/06/33220 219
ORACLE CORP 5.550% 2/06/53160 160
OTIS WORLDWIDE CORP 2.565% 2/15/30200 178
OTIS WORLDWIDE CORP 5.250% 8/16/28250 257
PACIFIC GAS & ELEC 2.950% 3/01/26105 99
PACIFIC GAS & ELEC 6.750% 1/15/5310 11
PACIFIC GAS & ELECTR 3.750% 8/15/4250 37
PACIFIC GAS & ELECTR 4.300% 3/15/4585 67
PACIFIC GAS & ELECTR 4.450% 4/15/42200 161
PACIFIC GAS AND ELEC 3.450% 7/01/25170 165
PACIFIC GAS&ELEC 6.400% 6/15/33160 168
PECO ENERGY CO 2.800% 6/15/50100 67
PENSKE TRUCK LEASING 5.700% 2/01/28276 282
PENSKE TRUCK LEASING 5.875% 11/15/27132 135
PEPPERDINE UNIV 3.301% 12/01/59150 103


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

25

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
PFIZER INVT ENTERPRI 5.300% 5/19/53360 368
PG&E RECOV FND 5.536% 7/15/47180 186
PG&E WILDFIRE RECOV 4.263% 6/01/38125 118
PG&E WILDFIRE RECOV 5.099% 6/01/54150 150
PG&E WILDFIRE RECOV 5.212% 12/01/4980 80
PHILLIPS 66 4.900% 10/01/4650 47
PHILLIPS 66 5.300% 6/30/33180 185
PHILLIPS 66 CO 3.150% 12/15/29105 96
PHILLIPS 66 CO 3.550% 10/01/2615 14
PHYSICIANS REALTY LP 2.625% 11/01/31140 115
PIEDMONT HEALTHCARE 2.864% 1/01/52245 163
PIONEER NATURAL RESO 1.900% 8/15/30230 195
PNC FINANCIAL 5.068% 1/24/34253 248
PNC FINANCIAL V-D 5.582% 6/12/29279 285
PNC FINANCIAL V-D 5.939% 8/18/34255 265
PPL ELECTRIC UTI 5.250% 5/15/53160 165
PRECISION CASTPARTS 3.900% 1/15/43250 217
PRECISION CASTPARTS 4.375% 6/15/4580 72
*
PRINCIPAL FINANCIAL 3.700% 5/15/29105 99
PROGRESS ENERGY INC 7.000% 10/30/3150 56
PROLOGIS LP 2.875% 11/15/2990 82
PROV ST JOSEPH HLTH 2.746% 10/01/2628 26
PSI ENERGY INC 6.120% 10/15/3550 53
PUBLIC SERVICE COLOR 3.550% 6/15/4627 20
PUBLIC SERVICE ENTER 2.875% 6/15/24400 395
PUBLIC STORAGE 1.950% 11/09/28124 111
PUBLIC STORAGE 2.250% 11/09/31104 89
QUALCOMM INC 4.500% 5/20/52115 107
QUANTA SERVICES INC 2.350% 1/15/32200 166
REALTY INCOME CORP 1.800% 3/15/33145 113
REALTY INCOME CORP 4.850% 3/15/30200 201
REGENCY CENTERS LP 2.950% 9/15/29180 161
REGENCY CENTERS LP 4.125% 3/15/28200 192
REGENERON PHARMACEUT 1.750% 9/15/30290 238
REPUBLIC SERVICES 5.000% 4/01/3480 82
ROGERS COMM INC 4.550% 3/15/52140 122
ROPER TECHNOLOGIES 2.000% 6/30/30130 110
ROYAL BK SCOTLND GRP 4.800% 4/05/26200 198
RTX CORPORATION105 83


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

26

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
RTX CORPORATION 2.375% 3/15/32273 228
RTX CORPORATION 4.350% 4/15/4717 15
RTX CORPORATION 5.150% 2/27/33154 157
RYDER SYSTEM INC 1.750% 9/01/26271 250
S&P GLOBAL INC 2.900% 3/01/32151 135
SABINE PASS LIQUEFAC 4.500% 5/15/30220 215
SABRA HEALTH CARE LP 3.200% 12/01/31230 188
SAFEHOLD OPERATING 2.800% 6/15/31245 201
SAN DIEGO G & E 2.950% 8/15/51195 137
SAN DIEGO G & E 6.125% 9/15/3780 85
SANTANDER CONV V-D 6.534% 1/10/29350 362
SANTANDER CONV V-D 6.833% 11/21/26200 204
SCE RECOVERY FUNDING 4.697% 6/15/40173 171
SHELL INTERNATIONAL 5.500% 3/25/40165 176
SIGECO SECURITIZ 5.026% 11/15/38174 175
SOUTHERN CAL EDISON 3.650% 3/01/28100 96
SOUTHERN CAL EDISON 4.050% 3/15/42150 126
SOUTHERN CAL EDISON 4.125% 3/01/48140 118
SOUTHERN CAL EDISON 5.700% 3/01/5380 84
SOUTHERN CAL EDISON 5.875% 12/01/53201 216
SOUTHERN CALIF EDISO 5.550% 1/15/36100 102
SOUTHERN CO 3.250% 7/01/26400 386
SOUTHERN CO 5.700% 3/15/34140 147
SOUTHERN CO GAS CAP 5.750% 9/15/33170 179
SOUTHERN CO GAS CAPI 3.150% 9/30/51165 111
SOUTHERN CO GAS CAPI 3.950% 10/01/4626 20
SOUTHERN POWER CO 5.150% 9/15/4170 66
SOUTHWEST GAS CORP 3.800% 9/29/4649 37
SOUTHWESTERN PUBLIC 4.500% 8/15/4130 27
SPIRIT AIR 2017-1 PT 3.375% 2/15/3054 47
SPRINT CAP CORP 6.875% 11/15/28105 114
SPRINT CORP 7.625% 3/01/2671 74
STANDARD CHARTERED 6.187% 7/06/27200 203
STARBUCKS CORP 4.800% 2/15/33310 317
STEEL DYNAMICS INC 1.650% 10/15/27101 90
SUMITOMO MITSUI FIN 5.520% 1/13/28385 394
SUMITOMO MITSUI FIN 5.710% 1/13/30385 400
SUNOCO LOGISTICS PAR 3.900% 7/15/26350 340
SWEDBANK AB SR 6.136% 9/12/26260 265


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

27

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
TAKEDA PHARMACEUTICA 3.025% 7/09/40315 242
TAKEDA PHARMACEUTICA 3.175% 7/09/50200 143
TAMPA ELECTRIC CO 4.450% 6/15/49225 193
TEXAS HEALTH RESOURC 2.328% 11/15/50200 121
TEXAS INSTRUMENTS 5.050% 5/18/63192 197
THERMO FISHER SCIENT 2.000% 10/15/3190 76
TIME WARNER CABLE IN 5.500% 9/01/41200 173
TIME WARNER CABLE IN 5.875% 11/15/40250 226
T-MOBILE USA INC 3.375% 4/15/29350 325
T-MOBILE USA INC 5.050% 7/15/33490 494
TOLEDO EDISON COMPAN 6.150% 5/15/3750 54
TORONTO DOM MTN CONV 5.523% 7/17/28145 149
TOTAL CAPITAL INTL 2.986% 6/29/41780 606
TRANE TECH FIN LTD 5.250% 3/03/33130 135
TRANS-CANADA PIPELIN 6.200% 10/15/3760 64
TRUIST FIN MTN V-D 5.122% 1/26/34130 126
TRUIST FIN MTN V-D 6.047% 6/08/27150 153
TRUIST FIN MTN V-D 7.161% 10/30/29205 221
TUCSON ELECTRIC POWE 4.850% 12/01/48125 113
UDR INC 2.100% 8/01/32250 196
UDR INC 2.950% 9/01/2632 30
UNION CARBIDE CORP 7.750% 10/01/96110 138
UNION ELEC CO 5.450% 3/15/53170 175
UNITED AIR 2013-1 A 4.300% 2/15/27138 134
UNITED AIR 2016-1 AA 3.100% 7/07/28137 125
UNITED AIR 2016-1 B 3.650% 1/07/2643 41
UNITED AIR 2016-2 A 3.100% 10/07/28241 210
UNITED AIR 2018-1 A 3.700% 3/01/30338 295
UNITED AIR 2018-1 AA 3.500% 3/01/30100 91
UNITED AIR 2018-1 B 4.600% 3/01/26108 103
UNITED AIR 2019-1 A 4.550% 8/25/31218 194
UNITED AIR 2019-1 AA 4.150% 8/25/31204 188
UNITED AIR 2020-1 A 5.875% 10/15/27278 281
UNITEDHEALTH GROUP 3.250% 5/15/51200 151
UNITEDHEALTH GRP INC 5.875% 2/15/53105 119
UNIV OF SOUTHERN CAL 3.226% 10/01/20200 124
US BANCORP V-D 5.727% 10/21/26128 129
VALERO ENERGY CORP 2.150% 9/15/27134 122
VALERO ENERGY CORP 7.500% 4/15/3221 24


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

28

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
VENTAS REALTY LP 3.250% 10/15/2625 24
VERISK ANALYTICS INC 3.625% 5/15/50200 151
VERISK ANALYTICS INC 5.750% 4/01/33170 182
VERIZON COMM INC 5.050% 5/09/33360 367
VERIZON COMMUNICATIO 3.550% 3/22/51200 154
VIRGINIA EL&PWR 5.700% 8/15/53300 318
VIRGINIA ELEC & POWE 3.800% 9/15/4750 40
VMWARE INC 1.400% 8/15/26680 622
VR BANCO SANTANDER 1.722% 9/14/27200 181
VR BANK OF AMERICA 1.734% 7/22/27450 412
VR BANK OF AMERICA 1.898% 7/23/31160 131
VR BANK OF AMERICA 2.087% 6/14/29219 193
VR BANK OF AMERICA 2.572% 10/20/32345 286
VR BANK OF AMERICA 2.676% 6/19/41675 483
VR BANK OF AMERICA 3.311% 4/22/42151 118
VR BANK OF AMERICA 3.970% 3/05/2981 77
VR BANK OF AMERICA 3.974% 2/07/301,845 1,746
VR BANK OF MONTREAL 3.803% 12/15/3267 62
VR BARCLAYS PLC 2.894% 11/24/32200 164
VR CAPITAL ONE FINAN 1.878% 11/02/2734 31
VR CITIGROUP INC 1.122% 1/28/27500 460
VR CITIGROUP INC 2.520% 11/03/32385 317
VR CITIGROUP INC 3.057% 1/25/33133 113
VR CITIGROUP INC 3.668% 7/24/28290 276
VR CITIGROUP INC 3.878% 1/24/3950 43
VR CITIGROUP INC 4.412% 3/31/312,520 2,410
VR DEUTSCHE BANK NY 2.129% 11/24/26220 206
VR GOLDMAN SACHS GRO 1.948% 10/21/2761 56
VR GOLDMAN SACHS GRO 1.992% 1/27/32400 323
VR GOLDMAN SACHS GRO 2.383% 7/21/32290 238
VR GOLDMAN SACHS GRO 2.640% 2/24/28234 217
VR GOLDMAN SACHS GRO 3.691% 6/05/28639 611
VR HSBC HOLDINGS PLC 2.206% 8/17/29220 192
VR HSBC HOLDINGS PLC 2.357% 8/18/31320 265
*
VR JPMORGAN CHASE & 4.005% 4/23/292,485 2,391
*
VR JPMORGAN CHASE & 4.203% 7/23/29600 583
VR LLOYDS BANKING GR 2.438% 2/05/26300 289
VR MITSUBISHI UFJ FI 1.538% 7/20/27310 283
VR MIZUHO FINANCIAL 1.234% 5/22/27284 259


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

29

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
*
VR MORGAN STANLEY 1.794% 2/13/32470 375
*
VR MORGAN STANLEY 2.475% 1/21/28211 196
*
VR MORGAN STANLEY 3.622% 4/01/31200 184
*
VR MORGAN STANLEY 4.431% 1/23/30137 133
*
VR MORGAN STANLEY 4.457% 4/22/39135 125
VR NORTHERN TRUST CO 3.375% 5/08/3238 35
VR ROYAL BK SCOTLND 3.754% 11/01/29236 230
VR ROYAL BK SCOTLND 4.445% 5/08/30235 225
VR ROYAL BK SCOTLND 5.076% 1/27/30200 197
VR SANTANDER UK GROU 1.673% 6/14/27270 245
VR WESTPAC BANKING 2.894% 2/04/30250 241
VR WESTPAC BANKING 4.322% 11/23/31120 115
WARNERMEDIA HLDG 5.141% 3/15/52127 109
WASTE MANAGEMENT INC 4.150% 4/15/32163 159
WELLS FARGO & COMPAN 4.300% 7/22/27148 145
WELLS FARGO & COMPAN 4.900% 11/17/4567 61
WELLS FARGO CO 5.557% 7/25/34220 224
WELLS FARGO CO V-D 5.574% 7/25/29650 664
WELLS FARGO CO V-D 6.491% 10/23/34335 365
WELLTOWER INC 4.250% 4/01/26100 98
WESTPAC BANKING CORP 3.133% 11/18/41175 122
WESTPAC NZ LTD 4.902% 2/15/28390 389
WILLIAMS COS INC 5.650% 3/15/33140 146
WISCONSIN ENERGY COR 3.550% 6/15/2529 28
WORKDAY INC 3.500% 4/01/27225 218
WP CAREY INC 2.450% 2/01/32180 146
WP CAREY INC 4.250% 10/01/26300 293
WW GRAINGER INC 4.600% 6/15/4591 87
XCEL ENERGY INC 3.400% 6/01/30200 185
YALE-NEW HAVEN HLTH 2.496% 7/01/50210 130
ZOETIS INC 2.000% 5/15/30190 164
Total Corporate Debt Instruments$108,503 
Common Stocks
ACADEMY SPORTS & OUTDOORS INC34 2,235
ACCO BRANDS CORP192 1,165
ACI WORLDWIDE INC84 2,576
ADOBE INC14 8,288


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

30

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
AERCAP HOLDINGS NV136 10,122
AGCO CORP COM18 2,196
AIR LEASE CORP49 2,046
AIR PRODS & CHEMS INC COM62 16,852
ALASKA AIR GROUP INC105 4,096
ALEXANDER & BALDWIN INC69 1,311
ALLEGRO MICROSYSTEMS INC19 566
ALLIANT ENERGY CORPORATION42 2,136
ALLSTATE CORP46 6,477
ALPHABET INC CL C196 27,602
ALTRIA GROUP INC242 9,768
AMDOCS LIMITED COM12 1,047
*
AMERICAN EXPRESS CO4,273 800,457
AMERICAN TOWER CORP65 13,987
AMERICAN WOODMARK CORP COM25 2,314
AMERICOLD REALTY TRUST INC REIT76 2,306
AMKOR TECHNOLOGIES INC COM39 1,294
AMPHENOL CORP CL A161 15,945
APPLE INC152 29,318
ARAMARK70 1,966
ASCENDIS PHARMA A/S-ADR16 2,015
ASPEN TECHNOLOGY INC4 947
ASSURED GUARANTY LTD USD 1.024 1,788
ASTRAZENECA PLC ADR47 3,191
AT & T INC472 7,915
ATLANTIC UNION BANKSHARES CORP65 2,372
ATRICURE INC35 1,260
AUTOLIV INC COM33 3,587
AVANTOR INC99 2,253
AVIENT CORP28 1,164
AXALTA COATING SYSTEMS LTD134 4,554
AXON ENTERPRISE INC6 1,550
AZEK CO INC/THE37 1,396
BANK OF AMERICA CORP137 4,625
BAXTER INTL INC137 5,284
BELDEN INC25 1,894
BENTLEY SYSTEMS INC42 2,192
*
BERKSHIRE HATHAWAY INC.85 30,122
BJ'S WHOLESALE CLUB HOLDINGS50 3,355


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

31

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
*
BLACKROCK INC26 21,301
BLUE OWL CAPITAL INC CL A149 2,222
BOISE CASCADE CO13 1,732
BOOT BARN HOLDINGS INC20 1,535
BP PLC - ADR260 9,212
BRADY CORP37 2,189
BREAD FINANCIAL HOLDINGS INC57 1,875
BRIGHTVIEW HOLDINGS INC70 586
BRISTOL MYERS SQUIBB CO106 5,423
BRP GROUP INC54 1,299
BRUNSWICK CORP15 1,451
BUMBLE INC61 899
CACI INTL INC FORMERLY CACI INC TO3 1,118
CACTUS INC31 1,385
CADENCE BANK57 1,681
CANADIAN NAT RES LTD74 4,824
CARLISLE COS INC4 1,094
CCC INTELLIGENT SOLUTIONS HLD92 1,048
CENTERSPACE24 1,392
CENTURY COMMUNITIES INC20 1,821
CHART INDUSTRIES INC28 3,765
CHEMED CORP NEW3 1,754
CHESAPEAKE ENERGY CORP20 1,555
CHEVRON CORP133 19,827
CHORD ENERGY CORPORATION30 5,006
CINCINNATI FINANCIAL CORP93 9,648
CISCO SYSTEMS INC273 13,801
CITIGROUP INC.342 17,600
CLEARWATER ANALYTICS HLDGS INC90 1,801
COGENT COMMUNICATIONS HOLDINGS,INC14 1,055
COLLIERS INTERNATIONAL GROUP16 2,022
COMCAST CORP CLASS A239 10,476
CONAGRA BRANDS INC233 6,674
CONOCOPHILLIPS56 6,446
COOPER COS INC COM NEW5 1,822
COPT DEFENSE PROPERTIES REIT82 2,114
CROWN CASTLE INC REIT108 12,439
CROWN HLDGS INC49 4,552
CTS CORP40 1,731


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

32

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
CULLEN FROST BANKERS INC COM21 2,269
CVS HEALTH CORPORATION176 13,878
CYBER-ARK SOFTWARE LTD/ISRAE10 2,125
DANAHER CORP90 20,905
DECKERS OUTDOOR CORP2 1,003
DELTA AIR LINES INC209 8,400
DENTSPLY SIRONA INC153 5,439
DEVON ENERGY CORPORATION79 3,563
DIAGEO PLC - ADR88 12,861
DIAMONDBACK ENERGY INC14 2,200
DIGITALBRIDGE GROUP INC CL A REIT128 2,239
DOLLAR GENERAL CORP68 9,305
DOMINION ENERGY INC216 10,150
DOMINOS PIZZA INC5 2,183
DRIVEN BRANDS HOLDINGS INC69 985
EAGLE MATLS INC6 1,116
EASTERN BANKSHARES INC86 1,215
ECOLAB INC66 13,028
ECOVYST INC226 2,207
EDISON INTL COM96 6,857
ELASTIC NV15 1,657
ELEMENT SOLUTIONS INC123 2,840
EMCOR GROUP INC COM9 1,939
ENCOMPASS HEALTH CORP40 2,669
ENCORE WIRE CORP11 2,377
EPLUS INC28 2,257
ESAB CORP26 2,226
EUROPEAN WAX CENTER INC65 889
EXELIXIS INC153 3,682
EXPONENT INC15 1,321
FASTENAL CO238 15,446
FEDEX CORPORATION25 6,230
FIDELITY NATL INFORMATION SVCS INC237 14,209
FIRST CTZNS BANCSHARES INC CL A2 2,265
FIRST INTERSTATE BANCSYSTEM IN20 627
FIRSTENERGY CORP COM159 5,828
FISERV INC65 8,612
FIVE BELOW INC13 2,837
FLOOR & DECOR HOLDINGS INC12 1,361


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

33

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FLYWIRE CORP22 509
FMC CORP COM NEW139 8,786
FORTUNE BRANDS INNOVATIONS INC28 2,117
FULLER H B CO23 1,882
GARTNER INC31 13,914
GENERAC HOLDINGS INC6 771
GENERAL MOTORS CO256 9,184
GFL ENVIRONMENTAL INC-SUB VT94 3,244
GLACIER BANCORP INC MONTANA39 1,603
GLOBAL PMTS INC W/I83 10,496
GLOBAL-E ONLINE LTD37 1,454
GOODYEAR TIRE & RUBR CO131 1,873
GSK PLC SPONS ADR180 6,673
HAEMONETICS CORP MASS14 1,173
HAMILTON LANE INC19 2,155
HANCOCK WHITNEY CORP40 1,923
HASHICORP INC43 1,014
HEALTHEQUITY INC16 1,034
HENRY JACK & ASSOC INC COM7 1,062
HEXCEL CORP NEW COM61 4,534
HOST HOTELS & RESORTS, INC.78 1,512
HOULIHAN LOKEY INC15 1,739
HOWARD HUGHES HOLDINGS INC51 4,365
HUBBELL INCORPORATED7 2,347
HURON CONSULTING GROUP INC14 1,409
IAC INC22 1,126
ICU MED INC COM14 1,426
IDACORP INC22 2,128
INDEPENDENCE REALTY TRUST INC113 1,730
INGREDION INC41 4,417
INSULET CORP4 890
INTEGER HOLDINGS CORP23 2,235
INTEGRA LIFESCIENCES HOLDING56 2,450
INTEGRAL AD SCIENCE HOLDING CO83 1,190
INTERCONTINENTAL EXCHANGE, INC57 7,306
INTERNATIONAL BANCSHARES CRP25 1,367
INTERNATIONAL GENERAL INSURANC117 1,501
INTRA-CELLULAR THERAPIES INC25 1,755
INTUIT COM30 19,039


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

34

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
ITT INC10 1,157
J & J SNACK FOODS CORP12 2,016
JANUS INTERNATIONAL GROUP INC110 1,438
JAZZ PHARMACEUTICALS PLC43 5,323
JFROG LTD49 1,679
JOHNSON & JOHNSON153 23,981
*
JPMORGAN CHASE & CO53 9,055
KEMPER CORP50 2,431
KENVUE INC157 3,370
KIMCO REALTY CORP REIT98 2,097
KNIGHT-SWIFT TRANSPORTATION15 883
KONTOOR BRANDS INC43 2,689
KROGER CO278 12,708
KRYSTAL BIOTECH INC12 1,464
LEGEND BIOTECH CORP-ADR24 1,420
LEONARDO DRS INC19 371
LINDE PLC35 14,500
LITHIA MOTORS INC CL A COM21 7,021
LITTELFUSE INC COM8 2,214
LOWES COS INC87 19,403
LXP INDUSTRIAL TRUST REIT122 1,211
MACOM TECHNOLOGY SOLUTIONS H14 1,285
MAGNA INTL INC CL A50 2,970
MARSH & MCLENNAN COS INC34 6,399
MASONITE INTERNATIONAL CORP14 1,149
MASTERCARD INC42 17,957
MATADOR RESOURCES CO33 1,899
MATIV HOLDINGS INC147 2,253
MEDTRONIC PLC66 5,418
MERCK & CO INC NEW162 17,625
MERCURY SYSTEMS INC59 2,150
META PLATFORMS INC CL A15 5,247
MICRON TECHNOLOGY INC48 4,109
MICROSOFT CORP122 45,580
MIDDLEBY CORP14 2,073
MONRO INC52 1,511
MOOG INC CL A15 2,154
MOONLAKE IMMUNOTHERAPEUTICS CL A25 1,486
NATIONAL STORAGE AFFILIATES TR43 1,762


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

35

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
NESTLE S.A. REGISTERED SHARES - ADR91 10,507
NETSTREIT CORP82 1,455
NEW YORK CMNTY BANCORP INC484 4,953
NEWMONT CORP114 4,708
NICE LTD - SPON ADR7 1,397
NINTENDO CO., LTD. - ADR857 11,138
NMI HOLDINGS INC52 1,548
NORFOLK SOUTHERN CORP87 20,576
NORTHERN OIL AND GAS INC73 2,719
NORTHROP GRUMMAN CORP32 14,829
NORTHWESTERN ENERGY GROUP INC20 1,009
NRG ENERGY INC179 9,261
ONE GAS INC21 1,329
ONTO INNOVATION INC9 1,376
ORGANON & CO169 2,436
OXFORD INDS INC15 1,531
PARAGON 28 INC64 796
PAYCHEX INC121 14,387
PAYLOCITY HOLDING CORP11 1,813
PAYPAL HOLDINGS INC92 5,625
PEBBLEBROOK HOTEL TRUST119 1,899
PERFICIENT INC27 1,796
PERFORMANCE FOOD GROUP CO23 1,563
PFIZER INC136 3,924
PHILIP MORRIS INTERNATIONAL IN205 19,244
PHILIPS ELECTRONICS - NY SHR ADR246 5,733
PHILLIPS EDISON & CO INC37 1,352
PHREESIA INC34 792
PIPER SANDLER COS13 2,339
PJT PARTNERS INC12 1,172
POOL CORPORATION2 598
PORTLAND GEN ELEC CO37 1,622
POST HOLDINGS INC18 1,562
POTLATCHDELTIC CORP61 3,008
POWERSCHOOL HOLDINGS INC97 2,292
PREMIER INC46 1,036
PRESTIGE CONSUMER HEALTHCARE17 1,019
PROASSURANCE CORPORATION162 2,237
PROGRESS SOFTWARE CORP38 2,085


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

36

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
PROGRESSIVE CORP OHIO99 15,752
QUIDELORTHO CORP8 588
RAMBUS INC DEL COM26 1,781
RAPT THERAPEUTICS INC26 634
REGAL REXNORD CORP13 1,850
REINSURANCE GROUP AMER CLASS A NEW14 2,227
RENAISSANCERE HOLDINGS COM18 3,650
REXFORD INDUSTRIAL REALTY INC40 2,247
ROYAL DUTCH SHELL PLC ADR123 8,063
RPM INTERNATIONAL INC9 1,016
RYDER SYS INC15 1,711
S&P GLOBAL INC34 14,897
SAIA INC2 1,008
*
SCHWAB CHARLES CORP NEW330 22,723
SEACOAST BANKING CORP/FL135 3,824
SEALED AIR CORP COM46 1,673
SHARKNINJA INC22 1,131
SHOCKWAVE MEDICAL INC7 1,400
SHUTTERSTOCK INC42 2,028
SIRIUSPOINT LTD140 1,619
SITIO ROYALTIES CORP CL A101 2,380
SMARTSHEET INC41 1,937
SONOS INC135 2,322
SPECTRUM BRANDS HLDGS INC NEW25 2,008
SPROUT SOCIAL INC13 780
STARBUCKS CORP COM174 16,699
STERLING CHECK CORP153 2,127
STEVANATO GROUP SPA43 1,160
SUMMIT MATERIALS INC58 2,219
SYNAPTICS INC19 2,168
SYNOVUS FINANCIAL CORP40 1,518
TARGET CORP29 4,099
TELEFLEX INC4 1,122
TERADYNE INC59 6,331
TETRA TECH INC NEW10 1,669
TEXAS INSTRUMENTS INC123 21,003
TEXAS ROADHOUSE, INC COMMON STOCK19 2,263
THERMO FISHER SCIENTIFIC INC40 21,242
THERMON GROUP HOLDINGS INC10 321


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

37

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
TIMKEN CO28 2,207
TJX COMPANIES INC160 14,989
T-MOBILE US INC107 17,207
TOPGOLF CALLAWAY BRANDS CORP62 883
TPG INC33 1,438
TRI POINTE HOMES INC57 2,024
TRIMAS CORP95 2,394
TYSON FOODS INC CL A DEL136 7,291
UGI CORP NEW COM110 2,700
UNIFIRST CORP MASS5 979
UNITED PARCEL SERVICE-CL B94 14,851
UNIVERSAL DISPLAY CORP9 1,626
URBAN EDGE PROPERTIES-W/I87 1,598
US FOODS HOLDING CORP34 1,534
VAIL RESORTS INC COM5 1,089
VERADIGM INC99 1,037
VERISK ANALYTICS INC56 13,354
VERIZON COMMUNICATIONS232 8,764
VERTIV HOLDINGS LLC CL A23 1,114
VESTIS CORPORATION121 2,563
VIATRIS INC275 2,977
VISA INC-CLASS A SHRS103 26,690
VISTEON CORP/NEW23 2,908
VONTIER CORP171 5,892
WALT DISNEY CO92 8,279
WARBY PARKER INC35 487
WEATHERFORD INTL LTD12 1,157
WEBSTER FINL CORP WATERBURY CONN37 1,880
WELLS FARGO & CO126 6,192
WESTROCK CO53 2,192
WEX INC7 1,440
WHITE MTNS INS GROUP1 1,561
*
WILLIS TOWERS WATSON PUB LTDCO29 6,881
WILLSCOT MOBILE MINI HOLDINGS23 1,001
WINTRUST FINL CORP23 2,178
WNS HOLDINGS LTD ADR50 3,133
WORKIVA INC20 2,010
WYNDHAM HOTELS & RESORTS INC24 1,967
XENON PHARMACEUTICALS INC23 1,036


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

38

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
XPO INC19 1,684
XYLEM INC/NY95 10,898
ZOETIS INC79 15,504
Total Common Stocks$2,371,145 
U.S. Government and Agency Obligations
FHLMC PL #841090 5.118% 10/01/46205 209
FHLMC PL #QA9122 2.500% 5/01/50666 574
FHLMC PL #QC3244 3.000% 6/01/51755 669
FHLMC PL #QN1779 2.500% 3/01/35215 199
FHLMC PL #RA5276 2.500% 5/01/51783 672
FHLMC PL #RA7937 5.000% 9/01/52636 630
FHLMC PL #SB0307 2.500% 2/01/35291 271
FHLMC PL #SD1100 2.500% 5/01/52255 220
FHLMC PL #SD1217 2.000% 3/01/52389 322
FHLMC PL #SD1658 2.500% 4/01/521,799 1,531
FHLMC PL #SD3283 5.000% 5/01/53369 369
FHLMC PL #SD3567 4.500% 5/01/531,961 1,901
FHLMC PL #SD8205 2.500% 4/01/521,361 1,158
FHLMC PL #SD8219 2.500% 6/01/521,441 1,226
FHLMC PL #SD8265 4.000% 11/01/521,997 1,888
FHLMC PL #WA1626 3.450% 8/01/321,004 932
FHLMC PL #WN3233 3.190% 7/01/331,500 1,363
FHLMC POOL #G60722 3.000% 10/01/46304 277
FHLMC POOL #J36413 3.000% 2/01/32701 671
FHLMC POOL #Q42018 3.500% 7/01/46164 153
FHLMC POOL #QD0878 2.500% 11/01/511,285 1,108
FHLMC POOL #RB5039 3.500% 3/01/401,082 1,036
FHLMC POOL #SB0378 3.500% 4/01/34419 412
FHLMC POOL #SD0397 2.500% 7/01/501,180 1,022
FHLMC POOL #SD8037 2.500% 1/01/501,087 933
FHLMC POOL #SD8194 2.500% 1/01/522,331 1,984
FHLMC POOL #ZA5297 4.000% 3/01/48197 190
FHLMC POOL #ZM0724 4.000% 1/01/46646 622
FHLMC POOL #ZM6956 4.500% 6/01/48644 636
FHLMC POOL #ZS4735 3.500% 9/01/47300 278
FNMA #BM6347 V-M 5.394% 2/01/41229 236
FNMA PL #AM6760 3.570% 10/01/29621 597


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

39

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA PL #AM6828 3.530% 10/01/29423 405
FNMA PL #BF0655 3.500% 6/01/621,199 1,082
FNMA PL #BF0669 4.000% 6/01/52992 933
FNMA PL #BL2313 3.360% 5/01/34462 423
FNMA PL #BM6734 4.000% 8/01/59904 859
FNMA PL #BM7037 V-M 1.754% 3/01/32899 728
FNMA PL #BM7075 3.000% 3/01/611,126 992
FNMA PL #BS2933 1.820% 9/01/331,130 894
FNMA PL #BS3634 1.770% 11/01/311,000 818
FNMA PL #BS4030 1.960% 1/01/321,200 1,006
FNMA PL #BS4375 2.110% 1/01/321,000 846
FNMA PL #BS4525 1.940% 1/01/321,000 827
FNMA PL #BS4563 2.010% 1/01/321,000 837
FNMA PL #BS4650 2.020% 1/01/321,500 1,259
FNMA PL #BS4654 2.390% 3/01/32871 752
FNMA PL #BS4793 2.440% 2/01/341,146 964
FNMA PL #BS6258 3.700% 8/01/32900 849
FNMA PL #BS6339 3.800% 9/01/32673 639
FNMA PL #BS6742 3.585% 11/01/291,307 1,251
FNMA PL #BS7415 4.840% 1/01/331,500 1,540
FNMA PL #BS7576 4.860% 12/01/27486 493
FNMA PL #BS7661 5.020% 12/01/301,279 1,317
FNMA PL #BS7966 5.010% 8/01/33984 1,017
FNMA PL #BS7992 4.630% 9/01/291,960 1,980
FNMA PL #BS8252 4.360% 4/01/30874 870
FNMA PL #BV5578 3.000% 5/01/521,416 1,253
FNMA PL #BW6304 5.000% 8/01/52297 299
FNMA PL #BW6309 5.000% 8/01/52308 305
FNMA PL #BW9918 5.000% 10/01/52295 294
FNMA PL #BX0426 5.500% 11/01/52649 657
FNMA PL #BY4714 5.000% 6/01/531,486 1,470
FNMA PL #CA5702 2.500% 5/01/50756 652
FNMA PL #CA5969 2.500% 6/01/50257 221
FNMA PL #CA6635 2.500% 8/01/50352 305
FNMA PL #CA6989 2.500% 9/01/501,240 1,073
FNMA PL #CA7743 2.500% 11/01/501,388 1,183
FNMA PL #CB2097 3.000% 11/01/512,093 1,852
FNMA PL #CB2857 2.500% 2/01/52267 229
FNMA PL #CB3378 4.000% 4/01/52985 932


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

40

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA PL #CB3629 4.000% 5/01/521,644 1,556
FNMA PL #CB5666 4.000% 2/01/531,058 1,000
FNMA PL #CB6899 5.000% 8/01/53284 285
FNMA PL #FM3041 5.500% 8/01/49160 164
FNMA PL #FM8216 4.000% 11/01/48276 265
FNMA PL #FM8603 4.000% 9/01/49167 161
FNMA PL #FS0795 3.000% 1/01/42938 864
FNMA PL #FS0882 2.500% 3/01/521,316 1,134
FNMA PL #FS1507 3.000% 2/01/524,200 3,717
FNMA PL #FS1590 2.500% 4/01/52326 279
FNMA PL #FS1938 2.500% 2/01/52370 317
FNMA PL #FS3669 4.000% 3/01/46255 249
FNMA PL #FS3907 4.500% 1/01/53388 381
FNMA PL #FS4050 4.000% 3/01/38322 317
FNMA PL #FS4069 4.000% 5/01/35335 331
FNMA PL #FS4223 4.500% 5/01/47285 284
FNMA PL #FS5384 2.500% 6/01/511,451 1,250
FNMA PL #FS5625 5.000% 8/01/53384 383
FNMA PL #FS5986 2.500% 2/01/521,387 1,189
FNMA PL #FS6514 2.500% 9/01/511,000 859
FNMA PL #MA4623 2.500% 5/01/523,036 2,584
FNMA PL #MA4782 3.500% 10/01/522,564 2,353
FNMA PL #MA4783 4.000% 10/01/521,933 1,828
FNMA POOL #AM8856 2.920% 6/01/304,321 3,986
FNMA POOL #AN5935 3.130% 7/01/27890 853
FNMA POOL #AN6026 2.980% 6/01/27741 706
FNMA POOL #AN6850 3.220% 9/01/321,000 898
FNMA POOL #AN7596 3.160% 6/01/301,288 1,202
FNMA POOL #AS5469 4.000% 7/01/45834 804
FNMA POOL #AS8984 4.500% 3/01/47246 244
FNMA POOL #BF0219 3.500% 9/01/571,444 1,309
FNMA POOL #BK8753 4.500% 6/01/49234 229
FNMA POOL #BL0907 3.880% 12/01/281,350 1,321
FNMA POOL #BL3217 3.330% 7/01/342,156 1,967
FNMA POOL #BL4333 2.520% 11/01/291,417 1,284
FNMA POOL #BL4791 2.710% 11/01/29983 901
FNMA POOL #BL5353 2.715% 6/01/281,930 1,799
FNMA POOL #BM3375 4.000% 1/01/48469 453
FNMA POOL #BM3499 4.000% 3/01/481,391 1,340


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

41

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA POOL #BR0999 2.500% 5/01/512,613 2,223
FNMA POOL #BU0992 3.000% 11/01/511,228 1,111
FNMA POOL #BU0993 3.000% 11/01/511,145 1,032
FNMA POOL #CB1878 3.000% 10/01/51739 658
FNMA POOL #FM1000 3.000% 4/01/4783 75
FNMA POOL #FM1218 3.500% 7/01/34107 105
FNMA POOL #FM2096 3.500% 11/01/491,634 1,520
FNMA POOL #FM5819 4.000% 2/01/48371 356
FNMA POOL #FM7372 3.500% 4/01/401,220 1,165
FNMA POOL #FM8599 3.500% 1/01/35390 379
FNMA POOL #FM9427 4.000% 7/01/49553 533
FNMA POOL #FM9461 3.500% 11/01/51400 369
FNMA POOL #FM9473 3.000% 8/01/411,495 1,377
FNMA POOL #FM9559 3.000% 1/01/401,589 1,469
FNMA POOL #FM9728 2.500% 11/01/51375 323
FNMA POOL #FM9995 4.000% 9/01/411,133 1,093
FNMA POOL #FS0569 3.500% 3/01/422,013 1,905
FNMA POOL #MA2868 2.500% 12/01/31213 201
FNMA POOL #MA3683 3.500% 6/01/391,295 1,227
FNMA POOL #MA4208 2.000% 11/01/501,230 1,012
FNMA POOL #MA4305 2.000% 3/01/51382 313
FNMA POOL #MA4306 2.500% 3/01/51743 636
GNMA II #CA0265 2.23036% 12/20/701,223 1,079
GNMA II POOL #MA7534 2.500% 8/20/513,481 3,044
GNMA II POOL #MA7649 2.500% 10/20/51892 780
GNMA POOL #784044 4.990% 11/20/37799 797
GNMA POOL #784045 4.500% 7/20/45407 402
GNMA POOL #784602 4.000% 5/20/38750 733
GNMA POOL #BA7567 4.500% 5/20/48159 155
GNMA POOL #BI0416 4.500% 11/20/48221 217
GNMA POOL #BJ1318 5.000% 5/20/49554 565
GNMA POOL #BK7169 5.000% 12/20/48185 186
GNMA POOL #BL7729 5.000% 5/20/49373 381
GNMA POOL #BM9692 4.500% 7/20/49404 395
RFCSP STRIP PRINCIPAL 1/15/30500 385
TENN VAL AUTH CPN STRIP 3/15/32300 209
TENN VALLEY AUTH 4.250% 9/15/65124 114
TENN VALLEY AUTH 4.625% 9/15/6070 68
TREAS INFL IND BD 0.125% 1/15/30410 372


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

42

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
TVA PRIN STRIP 6/15/35500 292
U.S. TREASURY BONDS 2.250% 2/15/5210,750 7,452
U.S. TREASURY BONDS 3.000% 8/15/521,240 1,014
U.S. TREASURY BONDS 3.375% 8/15/421,852 1,651
U.S. TREASURY BONDS 3.625% 5/15/53571 528
U.S. TREASURY BONDS 3.875% 5/15/431,363 1,299
U.S. TREASURY BONDS 4.125% 8/15/53174 176
U.S. TREASURY BONDS 4.375% 8/15/432,937 2,998
U.S. TREASURY NOTES 2.750% 5/31/291,430 1,350
U.S. TREASURY NOTES 2.750% 8/15/322,795 2,560
U.S. TREASURY NOTES 2.875% 4/30/293,320 3,158
U.S. TREASURY NOTES 2.875% 5/15/325,040 4,670
U.S. TREASURY NOTES 3.375% 5/15/331,512 1,451
U.S. TREASURY NOTES 3.500% 2/15/335,670 5,498
U.S. TREASURY NOTES 3.625% 5/31/28984 974
U.S. TREASURY NOTES 3.875% 8/15/331,126 1,125
U.S. TREASURY NOTES 4.125% 11/15/321,500 1,525
U.S. TREASURY NOTES 4.375% 8/31/28704 719
US TREAS SEC STRIPPED300 215
US TREAS SEC STRIPPED 5/15/33900 619
US TREAS SEC STRIPPED 11/15/321,000 703
US TREAS SEC STRIPPED 11/15/33900 605
US TREASURY BOND 2/15/41139 66
US TREASURY BOND 11/15/40220 106
US TREASURY BOND 1.125% 5/15/40200 129
US TREASURY BOND 1.250% 5/15/502,662 1,435
US TREASURY BOND 1.625% 11/15/50390 232
US TREASURY BOND 1.750% 8/15/41685 476
US TREASURY BOND 1.875% 2/15/511,839 1,166
US TREASURY BOND 1.875% 11/15/513,285 2,077
US TREASURY BOND 2.000% 2/15/5095 63
US TREASURY BOND 2.000% 8/15/511,901 1,241
US TREASURY BOND 2.250% 8/15/465,289 3,760
US TREASURY BOND 2.250% 8/15/491,870 1,306
US TREASURY BOND 2.375% 2/15/423,265 2,506
US TREASURY BOND 2.375% 11/15/49185 133
US TREASURY BOND 2.500% 2/15/455,620 4,255
US TREASURY BOND 2.500% 5/15/462,310 1,730
US TREASURY BOND 2.750% 8/15/42910 738


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

43

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
US TREASURY BOND 2.750% 11/15/422,022 1,635
US TREASURY BOND 2.875% 8/15/455,105 4,116
US TREASURY BOND 3.000% 2/15/4774 60
US TREASURY BOND 3.000% 2/15/4880 65
US TREASURY BOND 3.000% 5/15/42470 398
US TREASURY BOND 3.000% 11/15/44119 98
US TREASURY BOND 3.125% 2/15/431,550 1,325
US TREASURY BOND 3.125% 11/15/411,500 1,304
US TREASURY BOND 3.375% 5/15/441,659 1,463
US TREASURY BOND 3.500% 2/15/396,020 5,701
US TREASURY BOND 3.625% 2/15/441,000 916
US TREASURY BOND 3.625% 8/15/433,165 2,910
US TREASURY BOND 3.750% 8/15/414,320 4,110
US TREASURY BOND 3.750% 11/15/43470 439
US TREASURY BOND 4.375% 2/15/38445 468
US TREASURY BOND 4.375% 5/15/411,160 1,196
US TREASURY NOTE 0.625% 8/15/30650 527
US TREASURY NOTE 0.875% 11/15/30990 813
US TREASURY NOTE 1.125% 2/15/319,520 7,946
US TREASURY NOTE 1.250% 3/31/2813,810 12,384
US TREASURY NOTE 1.250% 6/30/288,223 7,333
US TREASURY NOTE 1.250% 8/15/315,010 4,145
US TREASURY NOTE 1.375% 11/15/311,397 1,159
US TREASURY NOTE 1.500% 2/15/306,085 5,301
US TREASURY NOTE 1.625% 5/15/311,550 1,330
US TREASURY NOTE 1.875% 2/15/329,600 8,253
US TREASURY NOTE 2.375% 5/15/294,160 3,856
US TREASURY SEC STRIPPED4,675 3,155
VR FNMA POOL #AL7395 5.553% 9/01/551,091 1,120
Total U.S. Government and Agency Obligations$274,132 
Common/Collective Trusts
ALLSPRING DISCOVERY SMID CAP GROWTH8,446 108,498
*
AMEX R/VANGUARD FIDUCIARY EXT MKT3,912 559,700
*
AMEX R/VANGUARD FIDUCIARY INTL STK1,059 134,481
*
AMEX R/VANGUARD FIDUCIARY TOT BD849 90,630
*
BLACKROCK INSTL/MSCI EAFE SMALL CAP3,652 105,269
*
BLACKROCK INSTL/U S TREAS INFLATION4,080 47,224


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

44

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
CAPITAL GROUP EUROPACIFIC GROWTH U333,254 409,687
*
COLUMBIA TRUST GOV MONEY MKT FUND40,455 40,455
*
FIAM GRP TR FOR/CORE PLUS COMMINGLE5,093 117,595
*
FIDELITY BLUE CHIP GR COMM CL F CIT14,832 531,719
LOOMIS SAYLES CORE PLUS FULL DISC TR4,905 118,509
*
MSIM/INTERNATIONAL EQUITY II TRUST8,317 358,504
NEUBERGER BERMA/EMERGING MKTS EQUIT6,472 79,283
*
VANGUARD EMPLOYEE BENEFIT INDEX #5281,634 998,229
Total Common/Collective Trusts$3,699,783 
Mutual Funds
DFA EMERGING MARKETS VALUE FD #50952,382 70,091
Total Mutual Funds$70,091 
Self-Directed Brokerage Accounts
CASH EQUIVALENTS37,483
*
COMMON STOCK7,557
MUTUAL FUNDS126,734
Total Self-Directed Brokerage Accounts
$171,774 
Other Investments
Asset-Backed Securities
20 TSQ GRO CMO V-M 3.100% 5/15/351,400 1,093
AMERICAN CREDIT ABS 5.590% 4/12/291,280 1,274
AMERICAN CREDIT ABS 6.990% 9/12/30895 914
AMERICAN HOMES 4 REN 3.467% 4/17/52334 325
AMERICAN HOMES 4 REN 3.678% 12/17/36623 611
AMERICAN HOMES 4 REN 3.786% 10/17/36418 411
AMERICAN HOMES 4 REN 4.407% 4/17/52720 705
AMERICAN HOMES 4 REN 5.639% 4/17/52150 149
AMERICAN HOMES 4 REN 6.070% 10/17/45142 142
AMERICAN TOWER CMO 5.490% 3/15/28218 221
AMERICREDIT AUT ABS 6.000% 7/18/29660 667
AMERICREDIT AUTO ABS 5.320% 4/18/28285 285
AMERICREDIT AUTOMOBI 1.590% 10/20/25408 404
AMSR TRUST 1.355% 11/17/37265 246


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

45

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
AMSR TRUST 1.527% 8/17/261,390 1,254
AMSR TRUST 1.806% 9/17/371,845 1,725
AMSR TRUST 1.953% 6/17/38395 342
AMSR TRUST ABS 3.950% 8/17/401,000 941
AMUR EQUIP FIN ABS 6.090% 12/20/291,244 1,254
AXIS EQUIPMENT FINAN 1.640% 10/20/27323 314
BANK CMO 3.254% 7/15/60262 248
BANK OF AMERICA ABS 5.000% 4/17/28200 201
BANK5 CMO 6.656% 6/15/28365 386
BB-UBS TRUST 3.430% 11/05/361,350 1,239
BENCHMARK MTG CMO 5.812% 5/17/55360 369
BUSINESS JET SECURIT 2.162% 4/15/36299 276
BUSINESS JET SECURIT 2.981% 11/15/35152 145
BX TRUST CMO V-M 7.095% 12/09/40384 384
BXP TRUST 3.379% 6/13/391,000 929
CAPITAL ONE MULTI-AS 1.040% 11/16/26372 358
CARMAX AUTO OWN ABS 4.750% 10/15/27670 669
CARMAX AUTO OWN ABS 5.720% 11/16/26687 688
CARMAX AUTO OWNER TR 2.340% 11/17/252,070 2,054
CASCADE MH ASSET TRU 1.753% 2/25/46828 722
CF HIPPOLYTA ISSUER 1.530% 3/15/611,002 895
CIFC FUND ABS V-Q VAR CPN 1/20/37468 468
COLONY AMERICAN FINA 1.358% 8/15/53115 107
COMM MORTGAGE TRUST 3.759% 8/10/48313 303
COMM MORTGAGE TRUST 3.902% 7/10/50700 680
COREVEST ABS V-M 4.744% 6/15/551,131 1,115
CPS AUTO TRUST 1.590% 12/15/27947 928
CPS AUTO TRUST ABS 4.880% 4/15/30700 694
CREDIT ACCEPTAN ABS 5.700% 10/15/32990 966
CREDIT ACCEPTAN ABS 6.390% 8/15/33820 832
CREDIT ACCEPTAN ABS 7.020% 5/16/331,000 1,011
CREDIT ACCEPTANCE AU 0.960% 2/15/30148 148
CREDIT ACCEPTANCE AU 1.260% 4/15/301,405 1,385
CREDIT ACCEPTANCE AU 1.640% 6/17/30760 740
CREDIT ACCEPTANCE AU 1.770% 12/17/29741 739
CREDIT SUISSE MORT 1.668% 9/27/601,062 1,031
DB MASTER FINANCE LL 2.045% 11/20/51221 201
DB MASTER FINANCE LL 2.493% 11/20/51513 456
DBWF 2015-LCM M/MTG 1.000% 6/10/34105 99


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

46

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
DIAMOND RESORTS OWNE 1.510% 11/21/33102 95
DOMINOS PIZZA MASTER 2.662% 4/25/51205 181
DT AUTO OWNER ABS 6.070% 3/15/28800 806
DT AUTO OWNER TRUST 0.870% 5/17/27723 708
EXETER AUTOMOBI ABS 5.300% 9/15/27400 398
EXETER AUTOMOBI ABS 5.610% 9/15/27500 498
EXETER AUTOMOBI ABS 5.750% 7/17/28323 322
EXETER AUTOMOBI ABS 5.970% 3/15/27704 703
EXETER AUTOMOBI ABS 6.110% 9/15/27240 241
EXETER AUTOMOBI ABS 6.580% 4/17/28865 876
EXETER AUTOMOBILE RE 3.110% 8/15/25129 128
FANNIEMAE-ACES 1.200% 8/25/2878 71
FANNIEMAE-ACES 2.980% 9/25/24704 657
FED HOME LN MTG CORP 3.350% 9/25/28709 689
FED HOME LN MTG CORP 3.500% 3/15/351,517 1,435
FED HOME LN MTG CORP 3.500% 6/15/2694 92
FED HOME LN MTG CORP 7.000% 5/15/37618 664
FED HOME LN MTG CORP 7.000% 12/15/3652 55
FED NATL MTG ASSN 2.500% 8/25/42166 144
FED NATL MTG ASSN 3.000% 1/25/46218 200
FED NATL MTG ASSN 3.500% 5/25/49956 876
FED NATL MTG ASSN 3.500% 11/25/57781 750
FED NATL MTG ASSN 4.500% 12/25/40829 818
FED NATL MTG ASSN 5.500% 6/25/35125 127
FED NATL MTG ASSN 6.000% 3/25/3638 39
FHF TRUST 2021-1 1.270% 3/15/27131 127
FHLMC K150 CMO V-M 3.710% 9/25/321,000 947
FHLMC K754 CMO V-M 4.940% 11/25/30730 750
FHLMC MULTIFAMILY ST 2.811% 9/25/24161 159
FHLMC MULTIFAMILY ST 2.982% 11/25/25359 350
FHLMC SCRT CMO V-M 3.000% 10/25/621,242 1,053
FHLMC SER 1 CMO 3.250% 11/25/61246 222
FHLMC SER 4932 CMO 3.500% 11/25/49790 660
FHLMC SER 5190 CMO 2.500% 2/25/521,191 1,073
FHLMC SER 5190 CMO 2.500% 11/25/38638 551
FHLMC SER K754 CMO 4.614% 2/25/332,000 1,986
FIRST INVESTORS AUTO 1.170% 3/15/27700 681
FIRSTKEY HOMES 2020- 1.266% 10/19/371,077 998
FIRSTKEY HOMES 2020- 1.339% 9/17/25593 553


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

47

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FIRSTKEY HOMES 2020- 1.538% 8/17/381,597 1,446
FIRSTKEY HOMES 2020- 1.567% 10/19/371,185 1,098
FIRSTKEY HOMES 2020- 1.607% 9/17/261,370 1,226
FIRSTKEY HOMES 2020- 1.941% 9/17/25231 216
FLAGSHIP CREDIT AUTO 1.670% 10/15/26283 279
FNMA M2S CMO V-M 3.876% 5/25/32831 806
FNMA SER 34 CMO 2.250% 6/25/45606 496
FNMA SER 46 CMO 4.500% 7/25/52727 643
FNMA SER M1S CMO 2.083% 4/25/321,018 852
FNMA SER M3 CMO V- 1.764% 11/25/311,051 862
FORD CREDIT AUT ABS 5.070% 1/15/291,110 1,104
FORD CREDIT AUTO OWN 1.530% 5/15/34750 684
FOUNDATION FIN ABS 6.530% 6/15/49843 859
FREDDIE MAC - SCRT 3.000% 3/25/59459 420
FREDDIE MAC - SCRT 3.000% 5/25/601,062 949
FREDDIE MAC - SCRT 3.000% 11/25/57447 379
FREDDIE MAC - SCRT 3.500% 5/25/571,012 939
FREDDIE MAC - SCRT 3.500% 7/25/58629 575
FREDDIE MAC - SCRT 3.500% 11/25/57934 882
FREDDIE MAC - SCRT 4.000% 3/25/59943 876
FREDDIE MAC - SCRT 4.000% 11/25/571,416 1,316
FREDDIE MAC - SCRT 4.500% 6/25/57979 929
FRTKL 2.172% 9/17/381,005 890
GLS AUTO RECEIVABLES 1.110% 9/15/261,274 1,244
GM FINANCIAL SECURIT 1.230% 5/17/27520 497
GNMA SER H13 CMO 6.017% 5/20/6636 35
GNMA SER H29 CMO 6.037% 11/20/65848 841
GOODGREEN TRUST 3.260% 10/15/53266 242
GOODGREEN TRUST 3.740% 10/15/5281 75
GOVT NATL MTG ASSN 3.500% 3/20/49184 148
GOVT NATL MTG ASSN 3.500% 8/20/47549 480
GOVT NATL MTG ASSN 4.500% 10/16/391,027 1,018
GOVT NATL MTG ASSN 5.000% 8/20/39125 124
GOVT NATL MTG ASSN 5.000% 10/20/39353 352
HERO FUNDING TRUST 3.080% 9/20/42170 153
HERO FUNDING TRUST 3.950% 9/20/48230 205
HERO FUNDING TRUST 4.460% 9/20/47214 197
HERO FUNDING TRUST 4.670% 9/20/48386 363
HERO FUNDING TRUST 104.070% 9/20/4842 38


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

48

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
HERTZ VEHICLE ABS 1.990% 6/25/26545 521
HYUNDAI AUTO RECEIVA 1.030% 12/15/27525 494
INDEPENDENCE PLAZA 3.763% 7/10/351,200 1,146
*
JPMBB COMMERCIAL MO 3.7748% 8/15/47823 812
LENDMARK FNDG ABS 5.120% 7/20/32610 605
MARINER FINANCE ISSU 1.860% 3/20/361,655 1,506
MARINER FINANCE ISSU 3.510% 7/20/32236 236
*
MORGAN STANLEY BAML 3.531% 11/15/48413 398
*
MORGAN STANLEY CAPIT 2.782% 8/15/49373 348
MRCD MORTGAGE TRUS 2.71752% 12/15/361,846 1,126
NEXTGEAR FLOORP ABS 2.800% 3/15/27234 227
NRZ EXCESS SPREAD CO 3.844% 12/25/25403 384
ONEMAIN DIRECT ABS 3.950% 11/14/281,500 1,450
OPORTUN FUNDING LLC 1.210% 3/08/28597 570
PAGAYA AI TECHN ABS 3.600% 9/25/281,000 915
PALMER SQR ABS V-Q 6.986% 7/20/34250 251
PALMER SQU ABS V-Q 6.584% 10/15/30262 262
PFS FINANCING CORP. 2.470% 2/16/27478 462
PROGRESS RESIDE ABS 3.200% 4/17/39593 554
PROGRESS RESIDE ABS 4.896% 6/17/391,000 971
PROGRESS RESIDENTIAL 1.294% 10/17/27560 521
PROGRESS RESIDENTIAL 1.495% 10/17/27415 386
PROGRESS RESIDENTIAL 1.524% 7/17/381,827 1,651
PROGRESS RESIDENTIAL 1.692% 8/17/40423 359
PROGRESS RESIDENTIAL 2.082% 9/17/38640 569
PROGRESS RESIDENTIAL 2.197% 4/19/38775 700
RENEW 2017-1 1.67064% 9/28/52107 98
RENEW FINANCIAL 3.220% 9/22/5394 85
SABEY DATA CENTER IS 1.881% 6/20/46453 406
SANTANDER CONSUMER 1.030% 11/16/26760 718
SANTANDER DRIVE ABS 5.610% 10/15/27848 852
SANTANDER DRIVE ABS 6.160% 12/17/291,010 1,033
SBA SER 10A ABS 5.168% 3/01/33357 358
SBA SER 25D ABS 4.480% 4/01/48325 318
SBA SER 25E ABS 4.620% 5/01/48341 336
SBA SER 25F ABS 4.010% 6/01/47204 193
SBA SER 25J ABS 5.820% 10/01/48220 232
SBA SER 25K ABS 5.130% 11/01/47192 195
SBA SER 25L ABS 1.850% 12/01/46340 278


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

49

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
SBA TOWER TRUST ABS 6.599% 1/15/28210 216
SCF EQUIPMENT ABS 6.500% 10/21/301,098 1,106
SEQUOIA MTG CMO V-M 5.000% 1/25/53196 193
SIERRA RECEIVAB ABS 4.730% 6/20/40370 366
SIERRA RECEIVABLES 1.340% 11/20/37108 102
SIERRA RECEIVABLES 2.320% 7/20/37222 213
SMALL BUSINESS ABS 3.940% 5/01/47345 322
SMALL BUSINESS ADMIN 1.750% 11/01/46663 548
SMALL BUSINESS ADMIN 1.840% 1/01/42373 318
SOCIAL PROFESSIONAL 2.540% 5/15/46209 195
SYNCHRONY CARD ABS 5.540% 7/15/29733 747
TACO BELL FUND ABS 2.294% 8/25/51379 325
TESLA AUTO LEAS ABS 5.940% 7/20/27840 846
TESLA AUTO LEASE ABS 5.890% 6/22/26350 351
TOYOTA AUTO LOAN ABS 4.930% 6/25/36882 890
TRICON AMERICAN HOME 1.499% 7/17/38239 218
TRICON RESIDENT ABS 4.750% 4/17/39145 137
TRICON RESIDENT ABS 4.849% 7/17/40361 353
TRICON RESIDENTIAL 1.943% 7/17/38373 340
UPSTART SECURITIZATI 0.840% 9/20/3128 28
VANTAGE DATA CENTERS 1.992% 9/15/45290 252
VENDEE MORTGAGE TR 0.41667% 5/15/33190 190
VR AMSR TRUST 2.153% 6/17/38545 468
VR FANNIEMAE-ACES 2.548% 12/25/26128 122
VR FANNIEMAE-ACES 3.162% 6/25/27528 506
VR FANNIEMAE-ACES 3.665% 9/25/28601 582
VR FED HOME LN MTG 5.810% 2/15/43122 118
VR FED HOME LN MTG 5.880% 9/15/3620 20
VR FED NATL MTG AS 4.300% 4/25/4435 35
VR FED NATL MTG AS 6.002% 9/25/4125 25
VR FHLMC MULTIFAMI 3.364% 12/25/27680 653
VR FREMF MORTGAGE 3.580% 11/25/49180 172
VR FREMF MORTGAGE 3.718% 1/25/481,200 1,171
VR FREMF MORTGAGE 4.052% 11/25/47191 188
VR FREMF MORTGAGE 4.257% 4/25/51800 746
VR FREMF MORTGAGE 4.320% 12/25/501,000 941
VR GOODGREEN TRUS 22.97129% 10/15/53262 232
VR GOVT NATL MTG 4.752% 10/20/43389 387
VR GOVT NATL MTG 5.270% 5/20/40413 417


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

50

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
VR GOVT NATL MTG 5.403% 10/20/40349 356
VR GOVT NATL MTG 5.544% 1/20/38282 290
VR GOVT NATL MTG 5.877% 6/20/65914 910
VR GOVT NATL MTG 5.877% 7/20/65482 479
VR GOVT NATL MTG 5.937% 6/20/67298 296
VR GOVT NATL MTG 5.957% 9/20/65622 619
VR GOVT NATL MTG 5.957% 10/20/65461 456
VR GOVT NATL MTG 5.997% 3/20/67308 306
VR GOVT NATL MTG 6.097% 12/20/65261 261
VR GOVT NATL MTG 6.267% 8/20/66266 265
VR GOVT NATL MTG 6.437% 12/20/66113 113
VR GOVT NATL MTG AS 5.887% 2/20/61349 347
*
VR JP MORGAN MORTGAG 2.500% 10/25/51411 336
VR PROGRESS RESIDENT 3.107% 2/17/291,100 970
VR VCAT ASSET SECURI 2.115% 3/27/51331 328
VR VERICREST OPPORT 1.893% 2/27/51368 356
VR VERICREST OPPORT 1.893% 3/27/51936 905
VR VERICREST OPPORT 2.116% 3/27/51510 496
VR VERICREST OPPORT 2.240% 3/27/51377 367
VR VERICREST OPPORT 2.240% 4/25/51586 565
VR VERICREST OPPORT 1.9918% 5/25/511,685 1,608
WESTLAKE AUTOMO ABS 6.020% 9/15/281,230 1,234
WIND RIVER ABS V-Q 6.827% 7/20/33387 384
WORLD FINANCIAL ABS 5.020% 3/15/301,065 1,066
WORLD OMNI AUTO ABS 5.850% 8/15/29595 620
Total Asset-Backed Securities$132,662 
Foreign Sovereign Debt
REPUBLIC OF CHILE 2.550% 1/27/32200 172
REPUBLIC OF PANAMA 3.870% 7/23/60270 161
UNITED MEXICAN STATE 2.659% 5/24/31301 254
UNITED MEXICAN STATE 3.750% 1/11/28392 378
UNITED MEXICAN STATE 3.771% 5/24/61222 150
UNITED MEXICAN STATE 4.350% 1/15/4735 28
UNITED MEXICAN STATE 4.400% 2/12/52370 293
Total Foreign Sovereign Debt$1,436 


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

51

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
Municipal Bonds
CONNECTICUT ST 4.060% 6/15/30370 363
MASSACHUSETTS ST 4.141% 7/01/27115 113
MIAMI-DADE CNTY FL 5.534% 7/01/32250 258
MICHIGAN ST UNIV 4.165% 8/15/2266 54
OHIO UNIV GEN RECPTS 5.590% 12/01/14195 191
TX NATURAL 5.102% 4/01/35209 213
TX NATURAL GAS 5.169% 4/01/41190 196
UNIV CA REGTS MED 4.563% 5/15/53220 205
Total Municipal Bonds $1,593 
Private Placement Securities
P/P 7-ELEVEN INC 2.500% 2/10/41156 108
P/P AIA GROUP LTD 3.200% 9/16/40200 152
P/P AIR CANADA 2013- 4.125% 11/15/26507 488
P/P AIR CANADA 2015- 3.600% 3/15/27616 579
P/P AIR CANADA 2017- 3.300% 1/15/3056 50
P/P AIR CANADA 2017- 3.550% 1/15/30190 167
P/P AMERICAN TOWER 3.652% 3/23/28230 217
P/P APOLLO MANAGEMEN 4.000% 5/30/24230 228
P/P ATHENE GLOBAL FU 1.450% 1/08/26260 239
P/P ATHENE GLOBAL FU 2.500% 1/14/2572 69
P/P ATHENE GLOBAL FU 2.750% 6/25/24140 138
P/P AUST & NZ BANKIN 2.570% 11/25/35210 169
P/P AVIATION CAPITAL 1.950% 1/30/26230 213
P/P AVOLON HOLDINGS 2.528% 11/18/271,242 1,100
P/P AVOLON HOLDINGS 2.875% 2/15/25367 354
P/P AVOLON HOLDINGS 4.375% 5/01/26200 194
P/P AVOLON HOLDINGS 5.500% 1/15/26430 427
P/P BAE SYSTEMS PLC 1.900% 2/15/31292 240
P/P BAE SYSTEMS PLC 3.400% 4/15/30350 323
P/P BLACKSTONE HOLDI 3.500% 9/10/49200 145
P/P BPCE SA 4.625% 7/11/24200 198
P/P BRITISH AIR 18-1 3.800% 9/20/3176 71
P/P BRITISH AIR 18-1 4.125% 9/20/31199 181
P/P BRITISH AIRWAYS 4.625% 6/20/24328 327
P/P BROADCOM INC 3.187% 11/15/36500 405
P/P BROOKLYN UNION 4.273% 3/15/48100 78


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

52

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
P/P CLEVELAND ELECTR 3.500% 4/01/2895 89
P/P COX COMMUNICATIO 3.350% 9/15/26415 398
P/P CREDIT AGRICOLE 2.811% 1/11/41250 172
P/P CVS PASS-THROUGH 4.163% 8/10/36205 183
P/P CVS PASS-THROUGH 4.704% 1/10/36255 237
P/P CVS PASS-THROUGH 5.773% 1/10/33231 229
P/P CVS PASS-THROUGH 5.926% 1/10/34370 374
P/P DUQUESNE LIGHT 3.616% 8/01/27230 215
P/P FERGUSON FINANCE 3.250% 6/02/30350 313
P/P FIDELITY & GUARA 5.500% 5/01/25230 227
P/P GAIF BOND ISSUER 3.400% 9/30/2695 90
P/P GALAXY PIPELINE 2.940% 9/30/40280 230
P/P GOODMAN US FIN 3.700% 3/15/2886 80
P/P GRAY OAK PIPELIN 3.450% 10/15/27415 386
P/P GREAT-WEST LIFEC 4.581% 5/17/48130 116
P/P GTP ACQUISITION 3.482% 6/16/25190 185
P/P JERSEY CENTRAL 4.300% 1/15/2650 49
P/P KEYSPAN GAS EAST 2.742% 8/15/26200 186
P/P KKR GROUP FINAN 3.500% 8/25/50200 142
P/P MASS MUTUAL LIFE 3.375% 4/15/50210 153
P/P MET LIFE GLOB FU 3.000% 9/19/27180 169
P/P MID-ATLANTIC INT 4.100% 5/15/2850 48
P/P NATIONAL AUSTRAL 2.332% 8/21/30250 204
P/P NBN CO LTD 2.625% 5/05/31400 343
P/P NEW ENGLAND POWE 3.800% 12/05/4750 39
P/P NEW YORK LIFE GL 3.000% 1/10/2881 76
P/P NEW YORK LIFE IN 4.450% 5/15/6990 77
P/P NGPL PIPECO LLC 3.250% 7/15/31240 208
P/P NRG ENERGY INC 2.450% 12/02/27225 203
P/P NRG ENERGY INC 4.450% 6/15/29155 146
P/P PARK AEROSPACE 5.500% 2/15/2489 89
P/P PENNSYLVANIA ELE 3.250% 3/15/2826 24
P/P PRUDENTIAL INSUR 8.300% 7/01/25300 310
P/P SAUDI INTERNATIO 2.250% 2/02/33200 166
P/P SCENTRE GROUP TR 3.500% 2/12/25200 196
P/P SCHLUMBERGER HLD 3.900% 5/17/28416 404
P/P SMITHFIELD FOODS 3.000% 10/15/30300 246
P/P STELLANTIS FIN 2.691% 9/15/31209 175
P/P TEACHERS INSUR 4.270% 5/15/4770 61


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

53

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
P/P TEACHERS INSUR 4.900% 9/15/4440 38
P/P TEXAS EASTERN TR 3.500% 1/15/2833 31
P/P TRITON CONTAINER 1.150% 6/07/24200 195
P/P UBS GROUP FUNDIN 4.125% 4/15/26400 391
P/P UNICREDIT SPA 2.569% 9/22/26350 329
P/P VITERRA FINANCE 3.200% 4/21/31300 259
P/P VOLKSWAGEN GROUP 4.625% 11/13/25265 262
UBS GROUP AG 1.305% 2/02/27250 229
UBS GROUP AG 3.869% 1/12/29250 236
VR P/P ABN AMRO BANK 2.470% 12/13/29300 264
VR P/P AIB GROUP PLC 4.263% 4/10/25250 249
VR P/P BANK OF IRELA 2.029% 9/30/27227 207
VR P/P BPCE SA 1.652% 10/06/26250 233
VR P/P BPCE SA 2.277% 1/20/32275 220
VR P/P BPCE SA 3.116% 10/19/32590 481
VR P/P MACQUARIE BAN 3.052% 3/03/36200 161
VR P/P MACQUARIE GRO 1.340% 1/12/27380 349
VR P/P MACQUARIE GRO 2.871% 1/14/33200 164
VR P/P NATIONAL AUST 3.933% 8/02/34250 227
VR P/P SOCIETE GENER 2.226% 1/21/26670 644
VR P/P SOCIETE GENER 2.889% 6/09/32440 363
VR P/P STANDARD CHAR 1.456% 1/14/27200 183
VR P/P SWISS RE FINA 5.000% 4/02/49200 191
Total Private Placement Securities$20,004 
Total Other Investments$155,695 
Total Investments, at Fair Value$6,905,677 
Fully Benefit Responsive Investment Contracts
U.S. Government and Agency Obligations
FEDERAL HOME LOAN BANKS 0.5% 4/14/202510,000 9,499
FEDERAL HOME LOAN MORTGAG 0.375% 7/21/202518,850 17,717
FFCB 1.125% 1/06/20252,100 2,024
FFCB 4.75% 5/28/20263,050 3,085
FFCB 4.875% 4/20/2026125 127
FGOLD 15YR 3.5% 10/01/20253 3
FGOLD 15YR 3.5% 11/01/20256 6


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

54

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FGOLD 15YR 3.5% 9/01/202517 16
FGOLD 15YR 4% 2/01/202511 11
FGOLD 15YR 4% 3/01/20251 1
FGOLD 15YR 4% 7/01/202553 53
FGOLD 15YR 4% 8/01/202526 25
FGOLD 15YR 3% 1/01/2027349 340
FGOLD 15YR 3% 1/01/2032283 272
FGOLD 15YR 3% 1/01/2033212 202
FGOLD 15YR 3% 11/01/202552 51
FGOLD 15YR 3% 11/01/202653 52
FGOLD 15YR 3% 3/01/2027320 311
FGOLD 15YR 3% 3/01/2033365 348
FGOLD 15YR 3% 8/01/20265 5
FGOLD 15YR 3.5% 10/01/2025153 151
FGOLD 15YR 3.5% 11/01/202513 12
FGOLD 15YR 3.5% 12/01/2025116 114
FGOLD 15YR 3.5% 2/01/20268 8
FGOLD 15YR 3.5% 3/01/202619 19
FGOLD 15YR 3.5% 4/01/202612 12
FGOLD 15YR 3.5% 5/01/20266 6
FGOLD 15YR 3.5% 5/01/2032607 592
FGOLD 15YR 3.5% 6/01/2026102 100
FGOLD 15YR 3.5% 7/01/2026118 115
FGOLD 15YR 3.5% 8/01/2026105 103
FGOLD 15YR 3.5% 9/01/202612 12
FGOLD 15YR 4% 10/01/20253 3
FGOLD 15YR 4% 3/01/202610 10
FGOLD 15YR 4% 5/01/202666 66
FGOLD 15YR 4% 6/01/20243 3
FGOLD 15YR 4% 6/01/20254 4
FGOLD 15YR 4% 6/01/2026253 250
FGOLD 15YR GIANT 3% 1/01/202793 90
FGOLD 15YR GIANT 3% 3/01/2031368 353
FGOLD 15YR GIANT 3% 3/01/2032570 547
FGOLD 15YR GIANT 3% 4/01/203315 14
FGOLD 15YR GIANT 3% 6/01/2027114 111
FGOLD 15YR GIANT 3% 9/01/2030210 202
FGOLD 15YR GIANT 3% 9/01/2031199 191
FGOLD 15YR GIANT 3.5% 1/01/2027115 112


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

55

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FGOLD 15YR GIANT 3.5% 10/01/202910 9
FGOLD 15YR GIANT 3.5% 11/01/202519 18
FGOLD 15YR GIANT 3.5% 11/01/2029150 146
FGOLD 15YR GIANT 3.5% 11/01/2033144 142
FGOLD 15YR GIANT 3.5% 12/01/202943 42
FGOLD 15YR GIANT 3.5% 12/01/2033129 127
FGOLD 15YR GIANT 3.5% 3/01/203078 76
FGOLD 15YR GIANT 3.5% 4/01/202622 22
FGOLD 15YR GIANT 3.5% 4/01/202951 50
FGOLD 15YR GIANT 3.5% 4/01/2030190 186
FGOLD 15YR GIANT 3.5% 6/01/2029102 100
FGOLD 15YR GIANT 3.5% 7/01/202625 24
FGOLD 15YR GIANT 3.5% 7/01/2029241 235
FGOLD 15YR GIANT 3.5% 8/01/202623 22
FGOLD 15YR GIANT 3.5% 8/01/2029323 315
FGOLD 15YR GIANT 3.5% 8/01/2032715 698
FGOLD 15YR GIANT 3.5% 9/01/202521 20
FGOLD 15YR GIANT 3.5% 9/01/202611 11
FGOLD 15YR GIANT 4% 10/01/20254 4
FGOLD 15YR GIANT 4% 12/01/20258 8
FGOLD 15YR GIANT 4% 12/01/202629 29
FGOLD 15YR GIANT 4% 5/01/202623 22
FGOLD 15YR GIANT 4% 7/01/20254 4
FGOLD 15YR GIANT 4% 7/01/202613 12
FGOLD 15YR GIANT 5% 3/01/20255 5
FH 5/1 CONS 12M SOFR NF A 5.89% 12/01/203683 85
FHLB 2.125% 12/11/20263,975 3,750
FHLB 2.375% 3/14/202525,575 24,881
FHLMC 0.375% 9/23/202515,275 14,262
FHLMC 15YR UMBS 2% 8/01/20357,421 6,693
FHLMC 15YR UMBS 3% 12/01/20344,701 4,458
FHLMC 15YR UMBS MIRROR 2.5% 11/01/2032790 741
FHLMC 15YR UMBS MIRROR 2.5% 5/01/2033831 773
FHLMC 15YR UMBS MIRROR 2.5% 7/01/2032372 350
FHLMC 15YR UMBS MIRROR 3% 4/01/2034323 306
FHLMC 15YR UMBS SUPER 2% 10/01/20356,625 5,977
FHLMC 15YR UMBS SUPER 2% 5/01/20351,745 1,574
FHLMC 15YR UMBS SUPER 2% 6/01/20351,433 1,288
FHLMC 15YR UMBS SUPER 2% 9/01/20356,198 5,591


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

56

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FHLMC 15YR UMBS SUPER 2.5% 2/01/20353,216 2,989
FHLMC 15YR UMBS SUPER 2.5% 8/01/2034942 876
FHLMC 15YR UMBS SUPER 3% 1/01/2034202 192
FHLMC 15YR UMBS SUPER 3% 9/01/20372,752 2,594
FHLMC 15YR UMBS SUPER 3.5% 6/01/20372,439 2,347
FHLMC 15YR UMBS SUPER 3.5% 7/01/203710,315 9,927
FHLMC 15YR UMBS SUPER 4% 8/01/20371,398 1,371
FHLMC 15YR UMBS SUPER 4.5% 11/01/2037831 827
FHLMC 15YR UMBS SUPER 5% 12/01/20376,062 6,097
FHLMC 15YR UMBS SUPER 5% 7/01/20384,020 4,043
FHLMC 15YR UMBS SUPER 5.5% 11/01/20384,718 4,786
FHLMC REFERENCE NOTE 1.5% 2/12/202511,425 11,031
FHLMC_K038 3.389% 3/25/20241,729 1,721
FHLMC_K040 2.768% 4/25/2024235 233
FHLMC_K040 3.241% 9/25/20243,680 3,624
FHLMC_K041 3.171% 10/25/20241,660 1,632
FHLMC_K044 2.811% 1/25/20253,130 3,058
FHLMC_K047 3.329% 5/25/20251,980 1,939
FHLMC_K048 3.284% 6/25/20251,175 1,149
FHLMC_K049 3.01% 7/25/202512,050 11,718
FHLMC_K050 2.802% 1/25/20251,611 1,586
FHLMC_K050 3.334% 8/25/20252,129 2,079
FHLMC_K052 3.151% 11/25/20251,668 1,623
FHLMC_K053 2.995% 12/25/20256,185 5,990
FHLMC_K056 2.525% 5/25/202611,265 10,765
FHLMC_K078 3.854% 6/25/20282,575 2,521
FHLMC_K728 3.064% 8/25/20241,493 1,470
FHLMC_K729 3.136% 10/25/2024130 128
FHLMC_K733 3.75% 8/25/20253,254 3,197
FHLMC_K736 1.895% 6/25/20251,018 1,001
FHMS_17-K066 2.797% 12/25/20261,815 1,760
FNMA 15YR 3.5% 1/01/202670 68
FNMA 15YR 3.5% 10/01/202563 63
FNMA 15YR 3.5% 11/01/2025200 196
FNMA 15YR 3.5% 12/01/202535 35
FNMA 15YR 3.5% 12/01/20262 2
FNMA 15YR 3.5% 2/01/202683 81
FNMA 15YR 3.5% 3/01/202622 21
FNMA 15YR 3.5% 7/01/20262 2


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

57

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 15YR 3.5% 8/01/202629 28
FNMA 15YR 3.5% 9/01/202514 14
FNMA 15YR 3.5% 9/01/20261 1
FNMA 15YR 4% 1/01/20252 2
FNMA 15YR 4% 2/01/20265 5
FNMA 15YR 4% 4/01/202528 27
FNMA 15YR 4% 5/01/202521 21
FNMA 15YR 4% 6/01/20255 5
FNMA 15YR 4% 9/01/202412 12
FNMA 15YR 4% 9/01/20257 7
FNMA 15YR 4.5% 12/01/20244 4
FNMA 15YR 4.5% 4/01/20252 2
FNMA 0.625% 4/22/202511,850 11,257
FNMA 10/1 HYBRID ARM 5.795% 10/01/20343 3
FNMA 10/1 HYBRID ARM 6.069% 12/01/20332 2
FNMA 15YR 2.5% 2/01/20331,029 968
FNMA 15YR 3% 1/01/203114 13
FNMA 15YR 3% 1/01/2032408 390
FNMA 15YR 3% 1/01/20331,147 1,095
FNMA 15YR 3% 1/01/2034804 765
FNMA 15YR 3% 10/01/20301,634 1,569
FNMA 15YR 3% 10/01/203135 34
FNMA 15YR 3% 10/01/2033865 824
FNMA 15YR 3% 11/01/2030344 330
FNMA 15YR 3% 11/01/2031524 502
FNMA 15YR 3% 11/01/2033535 510
FNMA 15YR 3% 2/01/2030263 252
FNMA 15YR 3% 2/01/20311,549 1,487
FNMA 15YR 3% 2/01/2032385 368
FNMA 15YR 3% 2/01/2034545 517
FNMA 15YR 3% 3/01/2031199 192
FNMA 15YR 3% 3/01/2032184 176
FNMA 15YR 3% 3/01/2033268 255
FNMA 15YR 3% 4/01/2031241 231
FNMA 15YR 3% 4/01/20321,682 1,619
FNMA 15YR 3% 5/01/2031775 743
FNMA 15YR 3% 6/01/2034200 189
FNMA 15YR 3% 7/01/202750 49
FNMA 15YR 3% 7/01/2030105 101


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

58

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 15YR 3% 7/01/2032732 700
FNMA 15YR 3% 8/01/2031298 286
FNMA 15YR 3% 9/01/2029382 368
FNMA 15YR 3% 9/01/2031438 420
FNMA 15YR 3% 9/01/2032556 531
FNMA 15YR 3% 9/01/2033399 380
FNMA 15YR 3.5% 1/01/202645 45
FNMA 15YR 3.5% 1/01/2027187 184
FNMA 15YR 3.5% 1/01/20299 9
FNMA 15YR 3.5% 1/01/2030389 378
FNMA 15YR 3.5% 1/01/2034183 180
FNMA 15YR 3.5% 10/01/2026229 225
FNMA 15YR 3.5% 10/01/2028153 149
FNMA 15YR 3.5% 10/01/202925 24
FNMA 15YR 3.5% 11/01/202616 16
FNMA 15YR 3.5% 11/01/20275 5
FNMA 15YR 3.5% 11/01/2028109 107
FNMA 15YR 3.5% 11/01/202995 94
FNMA 15YR 3.5% 12/01/202581 79
FNMA 15YR 3.5% 12/01/202648 47
FNMA 15YR 3.5% 12/01/202876 73
FNMA 15YR 3.5% 12/01/2029508 494
FNMA 15YR 3.5% 12/01/2032507 493
FNMA 15YR 3.5% 2/01/202655 54
FNMA 15YR 3.5% 2/01/202712 12
FNMA 15YR 3.5% 2/01/20281 1
FNMA 15YR 3.5% 2/01/2029320 312
FNMA 15YR 3.5% 2/01/2031299 292
FNMA 15YR 3.5% 2/01/2032911 888
FNMA 15YR 3.5% 2/01/203430 29
FNMA 15YR 3.5% 3/01/20265 5
FNMA 15YR 3.5% 4/01/202677 74
FNMA 15YR 3.5% 4/01/202727 27
FNMA 15YR 3.5% 4/01/2030189 185
FNMA 15YR 3.5% 4/01/2034745 730
FNMA 15YR 3.5% 5/01/20264 4
FNMA 15YR 3.5% 5/01/202747 46
FNMA 15YR 3.5% 5/01/202973 71
FNMA 15YR 3.5% 6/01/2027155 152


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

59

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 15YR 3.5% 6/01/2029184 179
FNMA 15YR 3.5% 6/01/2030197 192
FNMA 15YR 3.5% 7/01/2029513 500
FNMA 15YR 3.5% 8/01/202632 32
FNMA 15YR 3.5% 8/01/202774 73
FNMA 15YR 3.5% 8/01/2029362 353
FNMA 15YR 3.5% 8/01/2032428 417
FNMA 15YR 3.5% 8/01/2033125 123
FNMA 15YR 3.5% 9/01/2026255 251
FNMA 15YR 3.5% 9/01/2028134 131
FNMA 15YR 3.5% 9/01/2029668 651
FNMA 15YR 3.5% 9/01/2033307 302
FNMA 15YR 4% 1/01/2029164 160
FNMA 15YR 4% 11/01/202635 35
FNMA 15YR 4% 5/01/20272 2
FNMA 15YR 4% 7/01/20255 5
FNMA 15YR 4% 8/01/20267 7
FNMA 15YR 4% 9/01/20251 1
FNMA 15YR 4% 9/01/202710 10
FNMA 15YR 4.5% 5/01/20242 2
FNMA 15YR 4.5% 6/01/202622 22
FNMA 15YR 5% 7/01/20253 3
FNMA 15YR UMBS 2% 7/01/20354,684 4,211
FNMA 15YR UMBS 2% 7/01/20378,079 7,241
FNMA 15YR UMBS 2.5% 10/01/20341,636 1,522
FNMA 15YR UMBS 2.5% 12/01/20341,746 1,619
FNMA 15YR UMBS 2.5% 2/01/20353,484 3,231
FNMA 15YR UMBS 2.5% 5/01/2035980 912
FNMA 15YR UMBS 2.5% 8/01/20343,421 3,180
FNMA 15YR UMBS 3% 6/01/203710,447 9,850
FNMA 15YR UMBS 3% 7/01/2034848 804
FNMA 15YR UMBS 3% 8/01/203434 32
FNMA 15YR UMBS 3.5% 7/01/20372,032 1,956
FNMA 15YR UMBS 3.5% 9/01/20372,842 2,735
FNMA 15YR UMBS 4% 3/01/20382,970 2,913
FNMA 15YR UMBS 4% 8/01/20373,422 3,373
FNMA 15YR UMBS 4.5% 11/01/2037845 841
FNMA 15YR UMBS 4.5% 12/01/2037862 857
FNMA 15YR UMBS 4.5% 4/01/203812,425 12,356


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

60

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 15YR UMBS 5% 11/01/203714,930 15,014
FNMA 15YR UMBS 5% 12/01/203713,529 13,607
FNMA 15YR UMBS SUPER 2% 7/01/20351,977 1,783
FNMA 15YR UMBS SUPER 2% 8/01/20352,953 2,663
FNMA 15YR UMBS SUPER 2% 9/01/20356,293 5,677
FNMA 15YR UMBS SUPER 3% 1/01/20363,005 2,839
FNMA 15YR UMBS SUPER 4% 9/01/20372,596 2,547
FNMA 2.625% 9/06/202422,050 21,698
FNMA 6M LIBOR ARM 5.156% 3/01/203467 67
FNMA 6M LIBOR ARM 5.165% 11/01/203222 22
FNMA 6M LIBOR ARM 5.268% 4/01/203565 65
FNMA 6M LIBOR ARM 5.665% 12/01/203244 43
FNMA 6M LIBOR ARM 5.919% 9/01/203584 85
FNMA 7/1 HYBRID ARM 5.918% 1/01/203429 29
FNMA 7/1 HYBRID ARM 6.245% 3/01/203612 12
FNMA BENCHMARK NOTE 0.375% 8/25/202512,500 11,696
TREASURY NOTE 2.875% 4/30/202991,500 87,075
UMBS 15YR TBA(REG B) 3% 1/18/203968,375 64,462
UMBS 15YR TBA(REG B) 3.5% 1/18/203968,225 65,675
UMBS 15YR TBA(REG B) 4% 1/18/20397,375 7,236
UMBS 15YR TBA(REG B) 4.5% 1/18/20394,675 4,652
UMBS 15YR TBA(REG B) 5% 1/18/20391,600 1,610
UMBS 15YR TBA(REG B) 5.5% 1/18/20392,200 2,231
UMBS 15YR TBA(REG B) 6% 1/18/20391,375 1,406
Total U.S. Government and Agency Obligations$621,162 
Common/Collective Trusts
*
COLUMBIA TR GOVT MM FUND 0% 1/00/1900149,424 149,424
Total Common/Collective Trusts$149,424 
Total Fully Benefit Responsive Investment Contracts, at Fair Value $770,586 
Adjustment from Fair Value to Contract Value
AMERICAN UNITED LIFE - S00016, 2.440%4,658 
*
JP MORGAN CHASE I - #AISP01, MATURES 12/31/50, 4.24%5,028 
LINCOLN NATIONAL LIFE4,780 
MET LIFE - #28972, MATURES 12/31/50, 3.98%3,547 


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

61

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2023
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
MONUMENT LIFE V - #MDS00375TR, MATURES 12/31/50, 4.08%6,058 
PACIFIC LIFE - # 26755, MATURES 12/31/50, 4.00%4,346 
PRUDENTIAL GA636905,402 
RBC I - #10903, MATURES 12/31/50, 4.02%3,291 
Total Adjustments $37,110 
Total Fully Benefit Responsive Investment Contracts, at Contract Value$807,696 
TOTAL INVESTMENTS$7,713,373 
Loan to Participants
*
Various Loans - 3.25% through 9.50% due through December 14, 2053 (cost $0)
67,333
Loans to Participants Total$67,333 


*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

62
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
For the Year Ended December 31, 2023
(a) & (b)
 Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date		Number of Shares/ Units or Face Amount(d) Proceeds of dispositions
(in thousands)(in thousands)
CORPORATE DEBT INSTRUMENTS
AMGEN INC 5.250% 3/02/33174 173 
AMGEN INC 5.600% 3/02/43320 314 
APPLE INC 4.850% 5/10/53275 236 
BANK OF AMERICA V-D 5.080% 1/20/27227 220 
COMCAST CORP 5.350% 5/15/53405 366 
CONSTELLATION BRANDS 4.500% 5/09/4770 53 
ING GROEP N.V. SR 6.083% 9/11/27210 210 
*
MORGAN STANLEY BANK 4.754% 4/21/26250 243 
NATWEST GROUP V-A 6.016% 3/02/34200 190 
PACIFICORP 5.500% 5/15/54210 201 
PHILLIPS 66 CO 3.605% 2/15/2560 58 
STANDARD CHART V-A 6.170% 1/09/27290 297 
TOR DOM BK MTN CONV 5.532% 7/17/26390 392 
WELLS FARGO BANK NAT 5.450% 8/07/26505 502 
WELLS FARGO CO V-D 6.303% 10/23/29485 501 


*    Indicates party-in-interest
63
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4j – Schedule of Reportable Transactions
for the Year Ended December 31, 2023
(Thousands, except where indicated)

(a)(b)(c)(d)(g)(h)(i)
Identity of Party InvolvedDescription of AssetPurchase PriceSelling PriceCost of AssetCurrent Value of Asset on Transaction DateNet Gain (Loss)







Category (i) – single transactions in excess of 5% of the fair value of plan assets
Capital Group Europacific Growth Tr 07/21/23
Common/Collective Trusts
391,475—391,475391,475—
Capital Group Europacific Growth Tr 12/15/23
Common/Collective Trusts
—401,761401,232401,761529
Capital Group Europacific Growth U3 12/15/23
Common/Collective Trusts401,761—401,761401,761—
Amer Fnds Europac Grow-R6 #2616 07/21/23
Common/Collective Trusts—391,475378,085391,47513,390
*Vanguard Employee Benefit Index #528 12/08/23
Common/Collective Trusts—443,578246,050443,578197,528
*Fidelity Blue Chip GR Comm CL F CIT 12/18/23
Common/Collective Trusts
526,802—526,802526,802—
Category (iii) – series of transactions in the same security in excess of 5% of the fair value of plan assets
Treasury Note 2.875%
4/30/2029
U.S. Government and Agency Obligations
341,757—341,757341,757—
—255,231258,030255,231(2,799)
Treasury Note 1.25%
6/30/2028
U.S. Government and Agency Obligations
214,468—214,468214,468—
—215,479214,468215,4791,011
Treasury Note 1.25%
4/30/2028
U.S. Government and Agency Obligations
185,632—185,632185,632—
—184,410185,632184,410(1,222)
There were no category (ii) or (iv) reportable transactions during the Plan year ended December 31, 2023.
Non-applicable columns are not included in this presentation.


*    Indicates party-in-interest
64

SIGNATURE

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


AMERICAN EXPRESS RETIREMENT
SAVINGS PLAN






Date: June 17, 2024

By/s/ Rita Pang



Rita Pang



Employee Benefits Administration Committee
65

EXHIBIT INDEX
Exhibit
Number

Description

How Filed
23Electronically filed herewith

E-1

EXHIBIT 23


CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 033-53801) of American Express Company of our report dated June 17, 2024, relating to the financial statements and supplemental schedules of American Express Retirement Savings Plan, which appears in this Form 11-K for the year ended December 31, 2023.

/s/ McConnell & Jones LLP

McConnell & Jones LLP
Houston, Texas
June 17, 2024

American Express (NYSE:AXP)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more American Express Charts.
American Express (NYSE:AXP)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more American Express Charts.