SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
[X] Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
For the Fiscal Year Ended December 31, 2021
OR
[ ] Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
For the transition period from ___________ to ____________.
Commission file number 001-02979
_______________________________________
A.Full title of the plan and the address of the plan, if different from that of the issuer named below:
Wells Fargo & Company 401(k) Plan
c/o Wells Fargo & Company
550 S. 4th Street
Minneapolis, MN 55415
B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Wells Fargo & Company
420 Montgomery Street
San Francisco, CA 94104
(a)The following financial statements and reports, which have been prepared pursuant to the requirements of the Employee Retirement Income Security Act of 1974, are filed as part of this Annual Report on Form 11-K:
Report of Independent Registered Public Accounting Firm
Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 2021 and 2020
Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2021
Notes to Financial Statements
Supplemental Schedule:
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2021
(b)The following Exhibit is filed as part of this Annual Report on Form 11-K:
(23) Consent of Independent Registered Public Accounting Firm.
WELLS FARGO & COMPANY 401(k) PLAN
Financial Statements and Supplemental Schedule
December 31, 2021
(With Report of Independent Registered Public Accounting Firm Thereon)
Report of Independent Registered Public Accounting Firm
To the Plan Participants and Plan Administrator
Wells Fargo & Company 401(k) Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Wells Fargo & Company 401(k) Plan (the Plan) as of December 31, 2021 and 2020, the related statement of changes in net assets available for benefits for the year ended December 31, 2021, and the related notes (collectively, 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, 2021 and 2020, and the changes in net assets available for benefits for the year ended December 31, 2021, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. 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 audits 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. Our audits 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 audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Accompanying Supplemental Information
The Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2021 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles 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 information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is 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/ KPMG LLP
We have not been able to determine the specific year that we began serving as the Plan’s auditor; however, we are aware that we have served as the Plan’s auditor since at least 1989.
Cleveland, Ohio
June 24, 2022
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WELLS FARGO & COMPANY 401(k) PLAN |
Statements of Net Assets Available for Benefits |
December 31, 2021 and 2020 |
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Assets: | | | | |
| Investments at fair value: | | | | |
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| | Allocated | | $ | 50,216,693,009 | | | 41,997,295,666 | |
| | Unallocated | | 702,202,258 | | | 1,054,953,698 | |
| | | | Investments at fair value | | 50,918,895,267 | | | 43,052,249,364 | |
| Investments at contract value | | 4,670,206,905 | | | 4,655,744,112 | |
| | | | Total investments | | 55,589,102,172 | | | 47,707,993,476 | |
| Notes receivable from participants | | 778,816,136 | | | 834,307,016 | |
| Employer match contribution receivable | | — | | | 240,175,579 | |
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| Accrued income | | 4,914 | | | 70,604 | |
| | | | Total assets | | | 56,367,923,222 | | | 48,782,546,675 | |
Liabilities: | | | | |
| ESOP notes payable – unallocated | | 646,272,255 | | | 874,843,759 | |
| Excess contributions and earnings payable | | 3,363 | | | 12,027 | |
| | | | Total liabilities | | | 646,275,618 | | | 874,855,786 | |
| | | | Net assets available for benefits | | $ | 55,721,647,604 | | | 47,907,690,889 | |
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See accompanying notes to financial statements. | | | | |
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WELLS FARGO & COMPANY 401(k) PLAN |
Statement of Changes in Net Assets Available for Benefits |
Year ended December 31, 2021 |
| | | | | | | | 2021 |
Additions to net assets attributed to: | | |
Investment income: | | |
| Net appreciation in fair value of investments | | $ | 9,119,541,696 | |
| Dividends | | 655,533,792 | |
| Interest | | 87,219,822 | |
| | | | | Total investment income | | 9,862,295,310 | |
Contributions: | | |
| Employer | | 1,023,052,807 | |
| Participants | | 1,844,312,544 | |
| Rollovers | | 195,119,666 | |
| | | | | Total contributions | | 3,062,485,017 | |
Interest income from notes receivable from participants | | 51,085,797 | |
Other income | | 5,611,764 | |
| | | | | Total additions to plan assets | | 12,981,477,888 | |
Deductions to net assets attributed to: | | |
Benefits paid to participants | | 5,150,728,467 | |
ESOP interest expense | | 15,905,711 | |
Administrative expense | | 886,995 | |
| | | | | Total deductions from plan assets | | 5,167,521,173 | |
| | | | | Net increase | | 7,813,956,715 | |
Net assets available for benefits: | | |
| Beginning of year | | 47,907,690,889 | |
| End of year | | $ | 55,721,647,604 | |
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See accompanying notes to financial statements. | | |
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
(1) Description of Plan
The following description of the Wells Fargo & Company 401(k) Plan (the “Plan”) provides only general information. Participants should refer to the Plan document, as amended, for a more complete description of the Plan’s provisions.
(a) General
The Plan is a defined contribution plan with a 401(k) feature sponsored by Wells Fargo & Company (the “Company”, "Wells Fargo" or “Plan Sponsor”). A portion of the Plan invested in Company stock is an Employee Stock Ownership Plan (ESOP). All subsidiaries of the Company with U.S.-based employees are participating employers in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, and the Internal Revenue Code (IRC), as amended. Employees, who satisfy the Plan’s eligibility requirements, become eligible to make salary deferral contributions on the first day of the month following one calendar month of service. Employees are eligible to receive employer matching contributions, base contributions, and discretionary contributions, if awarded by the Human Resources Committee of the board of directors of the Company, after completion of one year of vesting service and satisfaction of other eligibility requirements.
The Plan Administrator is the Director of Human Resources and the Director of Compensation and Benefits of the Company, each of whom may act individually or jointly as the Plan Administrator, or its authorized delegate. Effective January 1, 2021, the Plan Administrator hired Empower Retirement, LLC to serve as the recordkeeper. The Plan document requires that Company common stock be offered as an available investment option to participants through the Wells Fargo ESOP Fund. The Employee Benefit Review Committee (the “Committee”) has discretion under the Plan to select additional investment alternatives to be offered to participants. Under the terms of a trust agreement effective January 1, 2021, between the Company and Great-West Trust Company, LLC (the "Trustee"), succeeding Wells Fargo Bank, N.A., the Trustee manages the Plan’s assets in one or more funds (“Trust”) on behalf of the Plan, except to the extent the Trustee is directed by the Committee. GreatBanc Trust Company is the appointed Independent Fiduciary (the “Independent Fiduciary”) to act as a named fiduciary for limited purposes in connection with the ESOP provisions of the Plan.
Effective January 1, 2021, Wells Fargo made certain changes relating to matching contributions under the Plan, with the result that the Plan is no longer considered a safe harbor plan under the IRC and is subject to annual nondiscrimination testing requirements from which it was previously exempt.
(b) Contributions and Vesting
Each year, eligible participants may make salary deferral contributions, subject to certain limitations, from 1% to 50% of their certified compensation, as defined in the Plan. Salary deferral contributions are eligible to be matched by the Company after one year of service.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
Participants age 50 or older can make catch‑up salary deferral contributions each year in accordance with limits set by the IRS. Catch‑up contributions are generally not eligible for employer matching contributions. Participants are fully vested in their salary deferral contributions.
Effective January 1, 2021, employer contributions consist of three components: matching contributions, base contributions, and discretionary contributions. To be eligible to receive these contributions, a participant must be employed on December 15 of the plan year, with certain exceptions.
Matching contributions are equal to 100% of salary deferral contributions up to 6% of participant's eligible certified compensation in the plan year and are paid at year-end. Matching contributions for eligible employees hired January 1, 2021 or after are subject to 3-year cliff vesting. Eligible employees hired prior to January 1, 2021 are 100% vested in their current and future matching contributions. The matching contributions are invested in the Wells Fargo ESOP Fund, which is primarily invested in the Company’s common stock, and participants can reallocate their Plan account balance, including matching contributions, at any time.
Base contributions are generally equal to the greater of 1% of an eligible participant's certified compensation for the plan year or $300. To be eligible to receive this contribution, a participant must have completed one year of service and the sum of the participant's certified compensation and elective deferrals to the Wells Fargo & Company Deferred Compensation Plan for the plan year must be less than $75,000. Base contributions are subject to 3-year cliff vesting. Base contributions are invested in accordance with participants’ investment elections on file from their choice of the available investment options offered within the Plan, or the Plan's qualified default investment alternative, if an election is not on file.
The Company may make a discretionary contribution to the Plan, which is allocated to eligible participants’ Plan accounts. If such a contribution is to be made for a particular year, the Company will determine the percentage of certified compensation for the year to be contributed for each eligible participant (not to exceed 4% of eligible certified compensation for the plan year). To be eligible to receive this contribution for a plan year, the participant must have completed one year of vesting service and the sum of the participant’s certified compensation and elective deferrals to the Wells Fargo & Company Deferred Compensation Plan for the plan year must be less than $150,000. Discretionary contributions are subject to 3-year cliff vesting. Discretionary contributions are invested based on participant investment elections, or the Plan's qualified default investment alternative, if an election is not on file. For the year ended December 31, 2021, the Company did not make a discretionary contribution.
Plan participants may also elect to roll over distributions from a former employer’s qualified retirement plan or a qualified Individual Retirement Account to the Plan.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
(c) Participant Accounts
Each participant’s Plan account is credited with the participant’s salary deferral contributions, any rollover contributions, the Company’s matching contributions, base contributions, and any discretionary contributions, which are subject to investment gains and losses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested Plan account.
(d) ESOP Plan Notes Payable
As an ESOP, the Plan may borrow money from the Company or directly from outside lenders for the purpose of purchasing the Company’s common or preferred stock. The Plan may also purchase the Company’s common stock from entities other than the Company or the Company may contribute Company common stock. There was no new ESOP loan issued in 2021 or 2020, as the Plan did not borrow money to buy Company common or preferred stock.
(e) Payment of Benefits and Forfeitures
While employed, a participant may make withdrawals from his or her Plan account (as allowed under Plan provisions and IRS regulations). Certain restrictions associated with withdrawals, as described in the Plan, may be waived in the event a participant demonstrates financial hardship.
Upon termination of employment or disability (as defined by the Plan), a participant may elect to receive his or her vested Plan account balance as a lump sum or as a partial lump sum distribution or as periodic installment payments. Prior to January 1, 2021, the option of installment payments was only available to participants who commenced installment payments prior to January 1, 2010. Certain participants with grandfathered benefits from plans merged into the Plan may also take their benefit as an annuity. Distributions from all funds are made in cash; however, a participant invested in the Company’s common stock may elect to receive shares of the Company’s common stock in-kind with the value of fractional shares paid in cash. If the participant’s balance is, or becomes less than $1,000, following termination, a distribution is made as a lump sum, unless the participant elects to roll over their account balance.
When a participant terminates employment or becomes disabled, he or she is entitled to distribution of his or her total vested account balance. The nonvested portion is forfeited and serves to reduce future employer contributions, pay plan administrative expenses, or make corrective adjustments to participants' accounts. Forfeitures used to offset employer contributions were approximately $620,000 for the year ended December 31, 2021. The unallocated forfeiture account balance was $0 for both years ended December 31, 2021 and 2020.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
(f) Notes Receivable from Participants
Two types of loans are available to participants under the Plan: general purpose and principal residence. General purpose loans may be obtained for periods of up to five years. Principal residence loans are available only to finance the purchase or construction of the participant’s principal residence and may not exceed 20 years. Participants may have two loans outstanding at any time, one of which may be a principal residence loan. The maximum amount of any loan, when added to the balance outstanding on all other loans to the participant, may not exceed the lesser of (1) $50,000 reduced by the excess (if any) of (A) the highest outstanding balance of loans from the Plan to the Participant during the one-year period ending on the day before the date on which the loan is made, over (B) the outstanding balance of loans from the Plan to the Participant on the date on which the loan is made, or (2) one-half of the value of the Participant’s vested account balance on the date on which the loan is made. The minimum principal amount for any loan is $500. The loan interest rate is 2% above the prime rate published in the Wall Street Journal. Pursuant to the CARES Act, from June 15, 2020 to September 22, 2020, a qualifying participant was permitted to request pandemic-related loans up to $100,000 in accordance with applicable CARES Act guidance.
Repayments on loans are generally made through biweekly payroll deductions and are allocated to the participant's account and invested according to the participant’s investment elections. Loans may be repaid in full at any time. As of December 31, 2021 and 2020, interest rates ranged from 3.25% to 11.50% and loans mature through December 30, 2041 and November 30, 2040, respectively . Pursuant to the CARES Act, from June 15, 2020 to December 31, 2020, qualifying participants were permitted to temporarily suspend repayments on Plan loans, and then those suspended loans were re-amortized on January 29, 2021, and payments were restated.
(g) ESOP
The Plan has purchased Company preferred stock using the proceeds of the ESOP loans. As the Plan makes payments of principal on the loans, an appropriate percentage of preferred shares are released and converted to common stock. Common stock equal in value to the employer’s matching contribution is allocated to the participants’ accounts and invested in the Wells Fargo ESOP Fund.
Participants in the Plan may elect to have cash dividends from Company common stock that is held in their account in the Wells Fargo ESOP Fund to be either reinvested in the Wells Fargo ESOP Fund or distributed to them in cash. The Plan uses the cash dividends received to purchase the shares needed to meet the reinvestment needs based on participants' dividend elections.
(h) Investment Options
Salary deferral contributions, base contributions, and any discretionary contributions are invested in accordance with participants' investment elections on file from their choice of the
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
available investment options offered within the Plan, or the Plan's qualified default investment alternative, which is the age-appropriate target date fund, if an election is not on file. Matching contributions are initially invested in the Wells Fargo ESOP Fund but may be reallocated to any other investment options offered within the Plan at any time.
(2) Summary of Significant Accounting Policies
(a) Basis of Presentation
The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.
(b) Administrative Expenses
All costs and expenses of administering the Plan and Trust are paid by the Company, except for certain investment management fees, which are netted against investment returns. Fees for managed account advisory services, overnight delivery charges, and administration of qualified domestic relation orders provided by an independent third-party are charged directly to participant accounts only for individuals that use these services.
(c) Fair Value Definition and Hierarchy
Investments are reported at fair value. 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. Fair value is based on an exit price notion that maximizes the use of observable inputs and minimizes the use of unobservable inputs.
The Plan classifies its assets and liabilities measured at fair value based upon a three-level hierarchy that assigns the highest priority to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs. The three levels are as follows:
•Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets.
•Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model‑based valuation techniques, for which all significant assumptions are observable in the market.
•Level 3 – Valuation is generated from model‑based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models, market comparable pricing, option models and similar techniques.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
(d) Investments and Income Recognition
Purchases and sales of securities are recorded on the trade-date basis. Interest income is recorded on the accrual basis. Dividends on common stock are allocated based upon participant account holdings in Company common stock held in the Wells Fargo ESOP Fund on the record date and are recorded in the Trust on the dividend payment date. Net appreciation or (depreciation) includes gains and or losses on investments bought and sold as well as held during the year.
(e) Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are reclassified as deemed distributions based upon the terms of the Plan and Plan loan rules, as determined by the Plan Administrator.
(f) Investments Valued at Contract Value
(i) Description
The Wells Fargo Stable Value Fund (the “Stable Value Fund”) primarily invests in security-backed contracts issued by insurance companies and other financial institutions. The security-backed contracts held in the Stable Value Fund guarantee a fixed return to its investors, resulting in it being considered a fully benefit responsive investment contract. An investment contract is considered fully benefit responsive if all of the following criteria are met: (1) the investment contract is between the fund and the issuer and the contract cannot be sold or assigned, (2) the contract issuer must be obligated to repay principal and interest to participants in the fund or provide prospective crediting rate adjustments that cannot result in an interest crediting rate less than zero, (3) all permitted participant-initiated transactions occur at contract value, without limitations, (4) an event that limits the ability of the participant to transact at contract value is not probable, and (5) the fund must allow participants reasonable access to their funds. The Stable Value Fund also invests in the Wells Fargo/BlackRock Short Term Investment Fund S, which invests in highly liquid assets. The Stable Value Fund uses this investment for daily liquidity needs.
A security-backed contract is an investment contract (also known as a synthetic guaranteed investment contract (GIC) or a separate account GIC) issued by an insurance company or other financial institution, backed by a portfolio of bonds. The bond portfolio is either owned directly by the Stable Value Fund or owned by the contract issuer and segregated in a separate account for the benefit of the Stable Value Fund. The portfolio underlying the contract is maintained separately from the contract issuer’s general assets, usually by a third-party custodian. The issuer guarantees that all qualified participant withdrawals will be at contract value. In the case of a full liquidation event,
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
the issuer is responsible for covering any amount by which the contract value exceeds the fair value of the underlying portfolio.
Risks arise when entering into any investment contract due to the potential inability of the issuer to meet the terms of the contract. In addition, security-backed contracts have the risk of default or the lack of liquidity of the underlying portfolio assets. The credit risk of each issuer is evaluated and monitored through the Plan’s investment advisor credit analysis. The credit analysis includes, but is not limited to, asset quality and liquidity, management quality, surplus adequacy, and profitability.
(ii) Valuation of Underlying Investments
Security-backed contracts are carried at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants when they initiate permitted transactions under the terms of the Plan. The contract rate resets periodically, normally each quarter or semi-annually, using end-of-period data. The underlying portfolio assets and the accrued interest receivable are shown by contract on the supplemental schedule of assets (held at end of year) attached to the Form 5500 filed by the Plan with the Department of Labor (DOL). The short‑term investment fund investment is carried at the reported unit value of the fund. The underlying assets may contain issues that are considered illiquid.
(iii) Withdrawal and Termination Provisions
All security-backed contracts held by the Stable Value Fund are fully benefit responsive, which means withdrawals from these investment contracts may be made at contract value for qualifying benefit payments, including participant‑directed transfers.
Security-backed contracts generally are evergreen contracts that contain termination provisions, allowing the Stable Value Fund or the contract issuer to terminate with notice, at any time at fair value, and providing for automatic termination of the contract if the contract value or the fair value of the underlying portfolio equals zero. The issuer is obligated to pay the excess contract value when the fair value of the underlying portfolio equals zero. Security-backed contracts are not assignable or transferable without consent of the issuer and have no publicly traded secondary market.
Security-backed contracts that permit the issuer to terminate at fair value generally provide that the Stable Value Fund may elect to convert such termination to an amortization election as described below. In addition, if the Stable Value Fund defaults in its obligations under the contract (including the issuer’s determination that the agreement constitutes a nonexempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Stable Value Fund will receive the fair value as of the date of termination. Each contract recognizes certain “events of default” which can invalidate contracts’ coverage. Among these are investments outside of the
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
range of investments which are permitted under the investment guidelines contained in the investment contract, fraudulent or other material misrepresentations made to the investment contract provider, changes of control of the investment adviser not approved by the contract issuer, changes in certain key regulatory requirements, or failure of the Plan to be tax qualified.
Generally, security-backed contracts permit the issuer or investment manager to elect at any time to convert the underlying portfolio to a declining duration strategy whereby the contract would terminate at a date that corresponds to the duration of the underlying portfolio on the date of the amortization election. After the effective date of an amortization election, the underlying portfolio must conform to the guidelines agreed upon by the contract issuer and the investment manager for the amortization election period. The guidelines are intended to result in the convergence of the contract value and the fair value of the underlying portfolio by the termination date.
Security‑backed contracts also generally provide for withdrawals associated with certain events, which are not in the ordinary course of Plan operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events, which may trigger a market value adjustment; however, such events may include, but not limited to, the following:
•material amendments to the Plan’s structure or administration;
•complete or partial termination of the Plan, including a merger with another plan;
•the failure of the Plan to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA;
•withdrawals due to the removal of a specifically identifiable group of employees from coverage under the participating plan (such as a group layoff or early retirement incentive program), the closing or sale of a subsidiary, employing unit, or affiliate, the bankruptcy or insolvency of a plan sponsor, the merger of the Plan with another plan, or the Plan sponsor’s establishment of another tax qualified defined contribution plan;
•any change in law, regulation, ruling, administrative or judicial position, or accounting requirement, applicable to the Plan or participating plans; and
•the delivery of any communication to Plan participants designed to influence a participant not to invest in the Plan.
At this time, the Stable Value Fund manager does not believe that the occurrence of any such market value event, which would limit the Plan’s ability to transact at contract value with participants, is probable.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
(iv) Wrapper Contract Fees
The Stable Value Fund pays wrapper contract fees to the security-backed contract issuers to assure contract liquidity for plan participant‑directed withdrawals. Annual investment management fees in 2021 were $350,227 based on separate agreements for various types of instruments.
(g) Risks and Uncertainties
The Plan may invest in various types of 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, it is possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.
(h) Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles may require management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.
(i) Payment of Benefits
Benefits are recorded when paid.
(j) Excess Contributions and Earnings Payable
Excess contributions and earnings payable represent contributions made for participants in excess of IRC limitations that are to be refunded as of year-end. As of December 31, 2021 and 2020, $3,363 and $12,027, respectively, of excess contributions and earnings thereon are required to be refunded in the subsequent year. Excess contributions and earnings are netted against contributions and interest income in the statements of changes in net assets available for benefits.
(3) Wells Fargo ESOP Fund
The Company’s preferred shares held in the Wells Fargo ESOP Fund that were purchased with the proceeds of the ESOP loans from the Company represent leveraged shares. These shares are held in an account called the “Unallocated Reserve.” The leveraged shares are released from the Unallocated Reserve as the ESOP loans are repaid and any preferred shares are converted into Company common stock for allocation to participants’ Plan accounts. The preferred shares are convertible into $1,000 worth of common shares based on the then current market price of the common stock. Such stock is used to provide all or part of the Company matching contributions credited to participants’ accounts.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
Each participant is entitled to exercise voting rights attributable to the Company common stock allocated to his or her Plan account and is notified by the Trustee prior to the time that such rights are to be exercised. The Trustee will vote all shares of Company common stock held in the Wells Fargo ESOP Fund in proportion to “votes" cast by participants.
Participants may elect to have dividends on their vested accounts held in the Wells Fargo ESOP Fund paid to them in cash or have the dividends automatically reinvested in additional shares of Company common stock in the Wells Fargo ESOP Fund. The dividend will be automatically reinvested in the Plan if: (i) a participant makes no election, (ii) if the total vested dividend for a participant is less than $5, or (iii) the participant is deceased.
The Plan provides that dividends received on the Company’s preferred stock held in the Unallocated Reserve, and dividends attributable to the portion of the participants' employer contribution account that are reinvested in Company common stock, may be applied to make any required ESOP loan payments. Shares of Company common stock that are released due to the use of such dividends for ESOP loan payments will be transferred to the Wells Fargo ESOP Fund, first to replace the value of any Company common dividends so used, and then as matching contributions. To the extent that such dividends are not sufficient to make required ESOP loan payments, employer contributions will be applied to make the required payments.
(4) Shares and Investments Not Directed by Participants
Information about the net assets and significant components of the changes in net assets relating to nonparticipant directed investments as of December 31, 2021 and 2020 and for the year ended December 31, 2021 is presented in the following tables and also discussed in Note 8.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | 2021 | | 2020 |
| | | | | | | | ESOP | | ESOP |
| | | | | | | | Unallocated | | Unallocated |
Assets: | | | | | |
| Company convertible preferred stock | | $ | 699,820,363 | | | 989,631,427 | |
| Money market funds | | — | | | 25,292,257 | |
| | Total investments | | 699,820,363 | | | 1,014,923,684 | |
| Accrued income | | 566 | | | 4,175 | |
| | Total assets | | 699,820,929 | | | 1,014,927,859 | |
Liabilities: | | | | |
| Notes payable | | 646,272,255 | | | 874,843,759 | |
| | Total liabilities | | 646,272,255 | | | 874,843,759 | |
| | Net assets available for benefits | | $ | 53,548,674 | | | 140,084,100 | |
Company convertible preferred shares: | | | | |
| Number of shares | | 609,434 | | | 822,242 | |
| Cost | | $ | 646,272,223 | | | 874,843,715 | |
| | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | 2021 |
| | | | | | | | ESOP |
| | | | | | | | Unallocated |
Employer matching contributions | | $ | 152,883,666 | |
Net depreciation | | (77,003,212) | |
Dividend income | | 66,297,684 | |
Notes payable interest expense | | (15,905,711) | |
Conversion of preferred stock | | | (228,571,492) | |
Debt principal payments | | | 228,571,492 | |
Release of common stock - 4,435,345 shares | | (212,807,853) | |
| | Decrease in net assets | | (86,535,426) | |
Net assets: | | |
| Beginning of year | | 140,084,100 | |
| End of year | | $ | 53,548,674 | |
| | | |
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
(5) Fair Value Measurements
The Plan classifies its investments recorded at fair value as either Level 1, 2, or 3 in the fair value hierarchy. The highest priority (Level 1) is assigned to valuations based on unadjusted quoted prices in active markets and the lowest priority (Level 3) is assigned to valuations based on significant unobservable inputs.
In the determination of the classification of financial instruments in Level 2 or Level 3 of the fair value hierarchy, the Plan considers all available information, including observable market data, indications of market liquidity and orderliness, and its understanding of the valuation techniques and significant inputs used. Judgments are made regarding the significance of the Level 3 inputs to the instruments’ fair value measurement to its entirety. If unobservable inputs are considered significant, the instrument is classified as Level 3.
The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2021 and 2020.
Investments in mutual funds, including money market funds, are valued at fair value based upon quoted prices in an active market.
Investments in collective investment funds are redeemable daily at net asset value ("NAV"), which is the readily determinable fair value. The price per share is quoted on a private market; however, the price per share is based on the value of the underlying investments, which are traded on an active market.
Investments in multi-manager funds are comprised of publicly traded mutual funds, which are valued at fair value based upon quoted prices in an active market, and collective investment funds that are valued at NAV. The NAV is based upon the value of the underlying investments which are traded on an active market.
Investments in the Stable Value Fund’s collective investment funds that are not an underlying investment of a fully benefit responsive contract are valued at NAV as described above.
Investments in the Company’s common stock are valued at quoted market values.
Investments in the Company’s convertible preferred stock are valued at appraised value by an independent pricing service. The independent pricing service models the expected cash flows with the contractual dividends and the Company’s common shares equal to $1,000 upon conversion of a preferred share. The independent pricing service then discounts the cash flows back to the present value by the appropriate discount rate which is determined by analyzing a variety of market yields, including yields on preferred securities and bonds issued by the Company and institutions similar to the Company.
The allocated portion of the Wells Fargo ESOP Fund is structured as a unitized account that holds Wells Fargo common stock that are valued at quoted market prices and a percentage of money
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
market funds that are valued at NAV as described above. The money market funds are used to provide daily liquidity for the fund.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes it valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following tables sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2021 and 2020, respectively:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | December 31, 2021 |
| | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total |
Collective investment funds | | $ | — | | | 26,017,676,784 | | | — | | | 26,017,676,784 | |
Mutual funds | | 971,000,822 | | | — | | | — | | | 971,000,822 | |
Multi-manager funds: | | | | | | | | |
| Collective investment funds | | — | | | 9,899,698,954 | | | — | | | 9,899,698,954 | |
| Mutual funds | | 3,514,653,738 | | | — | | | — | | | 3,514,653,738 | |
| | | | | Total multi- | | | | | | | | |
| | | | | | manager funds | | 3,514,653,738 | | | 9,899,698,954 | | | — | | | 13,414,352,692 | |
Stable Value Fund | | | | | | | | |
| Collective investment funds | | — | | | 212,268,459 | | | — | | | 212,268,459 | |
Company common stock | | 9,603,776,147 | | | — | | | — | | | 9,603,776,147 | |
Company convertible preferred | | | | | | | | |
| stock | | | | | — | | | — | | | 699,820,363 | | | 699,820,363 | |
| | | | | Total investments | | | | | | | | |
| | | | | | at fair value | | $ | 14,089,430,707 | | | 36,129,644,197 | | | 699,820,363 | | | 50,918,895,267 | |
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | December 31, 2020 |
| | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total |
Collective investment funds | | $ | — | | | 23,196,528,648 | | | — | | | 23,196,528,648 | |
Mutual funds | | 937,947,632 | | | — | | | — | | | 937,947,632 | |
Multi-manager funds: | | | | | | | | |
| Collective investment funds | | — | | | 7,578,276,349 | | | — | | | 7,578,276,349 | |
| Mutual funds | | 3,903,618,759 | | | — | | | — | | | 3,903,618,759 | |
| | | | | Total multi- | | | | | | | | |
| | | | | | manager funds | | 3,903,618,759 | | | 7,578,276,349 | | | — | | | 11,481,895,108 | |
Stable Value Fund | | | | | | | | |
| Collective investment funds | | — | | | 222,618,539 | | | — | | | 222,618,539 | |
Company common stock | | 6,077,601,259 | | | — | | | — | | | 6,077,601,259 | |
Company convertible preferred | | | | | | | | |
| stock | | | | | — | | | — | | | 989,631,427 | | | 989,631,427 | |
Money market funds | | — | | | 146,026,751 | | | — | | | 146,026,751 | |
| | | | | Total investments | | | | | | | | |
| | | | | | at fair value | | $ | 10,919,167,650 | | | 31,143,450,287 | | | 989,631,427 | | | 43,052,249,364 | |
There were no transfers between the fair value levels in 2021.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
Level 3 Gains and Losses
The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | Company |
| | | | | | | | convertible |
| | | | | | | | preferred |
| | | | | | | | stock |
Balance, December 31, 2020 | | $ | 989,631,427 | |
Realized losses | | | (15,763,639) | |
Unrealized losses relating to instruments still held at the reporting date | | (45,475,933) | |
Conversions | | | (228,571,492) | |
Balance, December 31, 2021 | | $ | 699,820,363 | |
| | | | | | | | |
Level 3 Significant Unobservable Inputs
The following table provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of those Level 3 assets measured at fair value for which the Plan uses an internal model.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | Significant | | | | |
| | | | | | | | Fair value | | Valuation | | unobservable | | Range of | | Weighted |
| | | | | | | | Level 3 | | techniques | | inputs | | inputs | | average (1) |
December 31, 2021: | | | | | | | | | | | | |
| Convertible preferred stock | | $ | 699,820,363 | | | Discounted | | Discount | | | | |
| | | | | | | | | | cash flow | | rate | | 2.55%-3.36% | | 3.14 | % |
December 31, 2020: | | | | | | | | | | | | |
| Convertible preferred stock | | $ | 989,631,427 | | | Discounted | | Discount | | | | |
| | | | | | | | | | cash flow | | rate | | 1.90%-2.40% | | 2.26 | % |
(1) Weighted averages are calculated using outstanding shares at the end of the year. | | |
(6) Concentration of Investments
At December 31, 2021 and 2020, the Plan owned approximately 3.65% and 3.67%, respectively, of the issued common stock of the Company. The Plan’s investment in shares of the Company’s common and preferred stock aggregate 18.54% and 16.43% of total investments at fair value as of December 31, 2021 and 2020, respectively. The quoted market price of the Company’s common stock was $47.98 and $30.18 as of December 31, 2021 and 2020, respectively.
(7) Related-Party Transactions and Party in Interest
The Plan engages in transactions involving acquisition or disposition of units of participation in collective investment funds and mutual funds managed by affiliates of the Company, which are parties in interest with respect to the Plan. These transactions are covered by an exemption from
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
the “prohibited transaction” provisions of ERISA and the IRC. Additionally, the Stable Value Fund manager was an affiliate of the Company until October 2021 and the Company pays the investment management fees of such affiliate that are associated with the Stable Value Fund.
During 2021 and 2020, the Plan allowed participants to invest in Company common stock within the Wells Fargo ESOP Fund.
(8) Other Income
The Plan periodically receives monies from litigation settlements or other residual proceeds (“Proceeds”) related to the Plan, or prior plans that merged into the Plan, in which the Plan Administrator or their delegate is typically responsible for determining how these Proceeds will be allocated to the Plan.
These Proceeds are deposited into a Plan level interest-bearing account and are included as unallocated investments on the statements of net assets available for benefits and in other income on the statement of changes of net assets available for benefits until the Plan Administrator directs the recordkeeper and Trustee to allocate the Proceeds and accrued interest, in accordance with the plan of allocation.
(9) Tax Status
The Internal Revenue Service (IRS) has determined and informed the Company by a letter dated August 2, 2017, that the Plan and related Trust are designed in accordance with applicable sections of the IRC. Although the Plan has been amended and restated since receiving the determination letter, the Plan Administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC, and therefore believe that the Plan is qualified, and the related Trust is tax-exempt.
Accounting principles generally accepted in the United States of America require the Plan Administrator to evaluate tax positions taken by the Plan and recognize a tax liability, if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.
(10) Regulatory Matters
Federal government agencies are reviewing certain transactions associated with the ESOP, including the manner in which the 401(k) plan purchased securities used in connection with the Company’s contributions to the 401(k) plan. The Plan Sponsor received written notification dated August 29, 2014, from the DOL advising the Plan had been selected for review by the DOL. The Company is in resolution discussions with the Department of Labor, although there can be no assurance to the outcome of these discussions.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
By a letter dated August 25th, 2020, the Plan Sponsor received written notice from the IRS that the Plan was selected for examination of the Plan year ended December 31, 2018. The IRS requested certain Plan information and documents that the Plan Sponsor has provided.
(11) Notes Payable
Notes payable as of December 31 were:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | 2021 | | 2020 |
2.30% 2012 ESOP Convertible Preferred Stock Note, due | | | | |
| December 2021 | | | $ | — | | | 22,573,596 | |
1.30% 2013 ESOP Convertible Preferred Stock Note, due | | | | |
| December 2022 | | 28,523,120 | | | 67,523,320 | |
1.50% 2014 ESOP Convertible Preferred Stock Note, due | | | | |
| December 2023 | | 67,975,380 | | | 107,975,439 | |
1.48% 2015 ESOP Convertible Preferred Stock Note, due | | | | |
| December 2024 | | 74,153,845 | | | 101,153,919 | |
1.70% 2016 ESOP Convertible Preferred Stock Note, due | | | | |
| December 2025 | | 139,420,680 | | | 176,420,700 | |
1.90% 2017 ESOP Convertible Preferred Stock Note, due | | | | |
| December 2026 | | 139,594,455 | | | 168,595,930 | |
2.25% 2018 ESOP Convertible Preferred Stock Note, due | | | | |
| December 2027 | | 196,604,775 | | | 230,600,855 | |
| | | | | | | | $ | 646,272,255 | | | 874,843,759 | |
Maturities of notes payable calculated based on the contractual agreements are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Year ending December 31: | | |
| | 2022 | | | | $ | 33,347,142 | |
| | 2023 | | | | 195,785,463 | |
| | 2024 | | | | 147,094,500 | |
| | 2025 | | | | 127,421,400 | |
| | 2026 | | | | 84,335,850 | |
| Thereafter | | | 58,287,900 | |
| | | | | | | | $ | 646,272,255 | |
The notes represent exempt ESOP loans to the Plan from the Company. Principal and interest payments are made according to the applicable loan schedules. Company contributions are used to repay the loans. The notes may be repaid in installments through March 31, 2027, with the last payment due December 31, 2027. The estimated fair value of the notes as of December 31, 2021
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
and 2020 was approximately $644 million and $899 million, respectively, determined by using interest rates currently available for issuance of debt with similar terms and remaining maturities.
(12) Plan Termination
Although it has not expressed any intent to do so, the Company by action of its Board of Directors reserves the right to terminate the Plan at any time. In the event of Plan termination, participants shall become 100% vested in their accounts.
(13) Legal Actions
The following class actions lawsuits have been brought on behalf of Plan participants and beneficiaries:
a)Plaintiff Yvonne Becker filed a putative class action Complaint against Wells Fargo & Company (“Wells Fargo”), Wells Fargo Bank, National Association, Galliard Capital Management, Inc., the Employee Benefits Review Committee, the Human Resources Committee of the Board of Directors of Wells Fargo & Company (“HRC”) and individual members Ronald L. Sargent, Wayne M. Hewett, Donald M. James, and Maria R. Morris on March 13, 2020 in the U.S. District Court for the Northern District of California. Plaintiff is a former employee of Wells Fargo and a participant in the Plan. Plaintiff purports to bring this action on behalf of “all participants and beneficiaries in the Wells Fargo & Company 401(k) Plan from March 13, 2014 through the date of judgment.” Plaintiff alleges that several investment options in the Plan charged excessive fees, underperformed comparable to investment alternatives, and paid fees to Wells Fargo.
On the basis of these allegations, Plaintiff asserts four claims for breach of ERISA’s fiduciary duties and violation of ERISA’s prohibited transaction rules.
On May 8, 2020, the Court so ordered the parties’ stipulation in which Plaintiff voluntarily dismissed the HRC and individual members Ronald L. Sargent, Wayne M. Hewett, Donald M. James, and Maria R. Morris from the action.
On May 8, 2020, Defendants filed a motion to transfer venue to the District of Minnesota. On September 21, 2020, the U.S. District Court for the Northern District of California granted Defendants' motion to transfer the case to the U.S. District Court for the District of Minnesota pursuant to the Plan's forum selection clause. Plaintiff appealed that order (via petition for mandamus) and, on April 1, 2021, the Ninth Circuit denied Becker's petition.
On May 12, 2021, the Court issued an opinion denying Defendants' motion to dismiss the Class Action Complaint.
On August 19, 2021, the Court granted the Parties joining stipulation to dismiss Galliard Capital Management, Inc. from the action.
On April 1, 2022, Plaintiffs filed with the Court a motion for preliminary approval of a class action settlement, and on April 25, 2022, the Court granted Plaintiffs’ motion for preliminary
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
approval of the class action settlement. The Court scheduled a final fairness hearing for August 10, 2022.
b)Plaintiffs filed two securities class actions in the Northern District of California against the Company and certain individual defendants: (1) Hefler v. Wells Fargo & Company et al., No. 16-cv-05479, filed on September 26, 2016 by Robbins Geller Rudman & Dowd LLP; and (2) Klein v. Wells Fargo & Company et al., No. 16-cv-05513, filed on September 28, 2016 by Pomerantz LLP. On January 5, 2017, Judge Jon S. Tigar issued an order consolidating the two cases. On March 6, 2017, plaintiffs filed a Consolidated Class Action Complaint for Violations of the Federal Securities Laws (the “First Consolidated Complaint”).
On March 15, 2018, plaintiffs filed a Second Consolidated Class Action Complaint for Violations of the Federal Securities Laws. In the second amended complaint, Plaintiffs purported to represent a class of all persons who acquired Wells Fargo common stock between February 26, 2014 and September 20, 2016. Plaintiffs alleged that defendants made material misstatements and omissions regarding, inter alia, Wells Fargo’s (i) cross-sell metrics, (ii) cross-selling strategy and the purpose of the strategy, (iii) risk management and the effectiveness of internal controls over financial reporting, and (iv) corporate culture and business practices. Plaintiffs allege that these misstatements and omissions were made in, inter alia, Wells Fargo’s quarterly and annual financial statements during the Class Period, quarterly and annual earnings press releases and analyst and investor conference calls, presentations at various investor and industry conferences, and in certain other public statements. On July 30, 2018, the parties entered into a Stipulation and Agreement of Settlement (the “Settlement Agreement”). Therein, Wells Fargo agreed to pay $480,000,000 on behalf of all Defendants for the benefit of the settlement class in return for a release by the class members of all claims relating to the purchase, acquisition, or ownership of Wells Fargo common stock during the Class Period that were asserted or could have been asserted in the action and which relate to the allegations, facts, and circumstances referred to in the complaint.
The deadline for class members to opt out of the settlement or object to its terms was November 27, 2018. The hearing on final approval of the settlement was held on December 18, 2018, and the Court issued an order the same day granting final approval to the settlement. The deadline for class members to submit a claim under the settlement was January 23, 2019. The Plan received notice of the pendency of the proposed class settlement as a result of the Wells Fargo stock purchased and sold in the Plan during the Class Period on behalf of the Plan participants.
In order to avoid any potential conflict of interest with respect to whether to opt in or out of the settlement, the Employee Benefit Review Committee retained an Independent Fiduciary to review the settlement and determine whether it was in the best interest of the Plan participants and beneficiaries for the Trustee of the Plan to opt in or out of the settlement and then direct the Trustee whether to file a claim. The Independent Fiduciary determined that it is in the best interest of the Plan participants and beneficiaries for the Trustee to file a claim and directed the
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
Trustee to file a claim. The Independent Fiduciary worked with the Trustee to determine the amount of the claim, and the Trustee timely filed the claim with the settlement administrator.
The Court previously granted a motion for preliminary approval of the settlement and held a fairness hearing on December 18, 2018, during which the Court granted the motions. The settlement proceeds disbursed to the Plan was dependent on, among other things, the total number of class members who submit claims under the settlement. The settlement administrator disbursed funds to the Trustee in the amount of $40,039,393 on October 8, 2020, which was allocated on February 16, 2021 to Plan participants with positive net purchases in the Wells Fargo ESOP and Non-ESOP Funds greater than $10 (which was the minimum approved by the Court) between and including February 26, 2014 and September 20, 2016. The settlement excluded the following individuals and entities: (i) Defendants; (ii) Immediate Family Members of any Individual Defendant; (iii) any person who was a director or member of the Operating Committee of Wells Fargo during the Class Period and their Immediate Family Members; (iv) any parent, subsidiary or affiliate of Wells Fargo; (v) any firm, trust, corporation, or other entity in which Defendants or any other excluded person or entity has, or had during the Class Period, a controlling interest; and (vi) the legal representatives, agents, affiliates, heirs, successors-in-interest or assigns of any such excluded persons or entities. On September 1, 2021, the Plan received $5,611,764 in residual proceeds representing accrued interest. These residual proceeds were allocated to eligible participants’ Plan accounts on September 27, 2021, in the same manner as the original proceeds.
c)Plan participants filed three putative class actions, now consolidated into one action, In re: Wells Fargo ERISA 401(k) Litigation (D. Minn.) against Wells Fargo and various individuals alleged to be fiduciaries under the Plan. The lawsuit alleges that the Company’s stock should not have been offered as an investment option in the Plan and seeks damages, as a result of the drop in the Company’s stock price. This consolidated class action arises out of the Wells Fargo government consent orders relating to sales practices, which were announced publicly on September 8, 2016.
Plaintiffs challenge the decision to offer the Wells Fargo Stock Fund as an investment option, alleging that the stock was trading at an artificially high price due to allegedly undisclosed sales practices and that the defendants should have acted on that information to prevent Plan participant losses when the stock price declined. Plaintiffs filed a consolidated, amended complaint on December 21, 2016, and defendants moved to dismiss the action on April 3, 2017. On September 21, 2017, the Court dismissed the action but allowed the plaintiffs to replead one count of the prior complaint. Plaintiffs filed an amended complaint, which defendants moved to dismiss on December 4, 2017. On July 19, 2018, the District Court dismissed the action completely. In July 2020, the United States Court of Appeals for the Eighth Circuit affirmed the District Court's dismissal. Plaintiffs' filed a petition for certiorari in the U.S. Supreme Court, and Wells Fargo's response was filed on March 1, 2021. On May 3, 2021, the Supreme Court denied the petition for writ of certiorari affirming the decisions of the lower courts, therefore the action is closed.
WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
(14) Subsequent Events
In accordance with ASC 855, Subsequent Events, the Plan has events that have occurred subsequent to period end December 31, 2021 through June 24, 2022, the date at which the financial statements were issued that require disclosure as follows:
Effective January 1, 2022 Wells Fargo amended and restated the Plan to make various updates and changes to reflect applicable changes in law and administrative procedures, none of which is expected to have a material impact on participants’ benefits under the Plan as described in footnote (1).
(15) Reconciliation of Financial Statements to the Form 5500
The following is a reconciliation of net assets available for benefits per the financial statement at December 31, 2021 to net assets per the Form 5500:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets available for benefits per the financial statements | | $ | 55,721,647,604 | | | | |
| Adjustment from contract value to fair value for fully benefit | | | | | |
| | responsive investment contracts | | 86,959,845 | | | | |
| Deemed loan distributions | | (41,987,668) | | | | |
| | | | Net assets per the Form 5500 | | $ | 55,766,619,781 | | | | |
The following is a reconciliation of increases (decreases) in net assets available for benefits per the financial statements for the year ended December 31, 2021, to the net income per the Form 5500:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Increase in net assets available for benefits per the financial statements | | $ | 7,813,956,715 | | | | |
| Change in the adjustment from contract value to fair value for | | | | | |
| | fully benefit responsive investment contracts at December 31, 2021 | | 86,959,845 | | | | |
| Deemed loan distributions | | (41,987,668) | | | | |
| | | | Net income per the Form 5500 | | $ | 7,858,928,892 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
* | Participant loans | | Participant loans, | | | | |
| | | | | | | | | interest rates ranging from 3.25% to | | | | |
| | | | | | | | | 11.50%, maturing at various dates | | | | |
| | | | | | | | | through December 30, 2041 | | | | $ | 736,828,468 | |
| | | | | | | | | | | | | |
| State Street Cons Target Ret 2015 NL P | | Collective Investment Fund | | (1) | | 128,299,694 | |
| State Street Cons Target Ret 2020 NL P | | Collective Investment Fund | | (1) | | 458,066,467 | |
| State Street Cons Target Ret 2025 NL P | | Collective Investment Fund | | (1) | | 1,369,870,246 | |
| State Street Cons Target Ret 2030 NL P | | Collective Investment Fund | | (1) | | 1,305,409,891 | |
| State Street Cons Target Ret 2035 NL P | | Collective Investment Fund | | (1) | | 1,085,451,541 | |
| State Street Cons Target Ret 2040 NL P | | Collective Investment Fund | | (1) | | 1,256,485,495 | |
| State Street Cons Target Ret 2045 NL P | | Collective Investment Fund | | (1) | | 868,362,532 | |
| State Street Cons Target Ret 2050 NL P | | Collective Investment Fund | | (1) | | 1,306,156,574 | |
| State Street Cons Target Ret 2055 NL P | | Collective Investment Fund | | (1) | | 509,069,882 | |
| State Street Cons Target Ret 2060 NL P | | Collective Investment Fund | | (1) | | 203,556,810 | |
| State Street Cons Target Ret 2065 NL P | | Collective Investment Fund | | (1) | | 28,531,489 | |
| State Street Cons Target Ret Income NL P | | Collective Investment Fund | | (1) | | 179,703,903 | |
| State Street International Index M | | Collective Investment Fund | | (1) | | 786,226,400 | |
| State Street Russell Sm Cap Index NL CL K | | Collective Investment Fund | | (1) | | 1,092,169,294 | |
| State Street S&P Mid Cap Index NL CL M | | Collective Investment Fund | | (1) | | 2,628,276,813 | |
| State Street NASDAQ 100 Index NL CL M | | Collective Investment Fund | | (1) | | 4,425,235,305 | |
| State Street S&P 500 Index K NL | | Collective Investment Fund | | (1) | | 6,655,689,497 | |
| State Street U.S. Bond Index NL M | | Collective Investment Fund | | (1) | | 1,731,114,951 | |
| | | | | | | | | | | | | 26,017,676,784 | |
| | | | | | | | | | | | | |
| BlackRock Liquidity Treasury Inst | | Mutual Fund | | (1) | | 971,000,822 |
| | | | | | | | | | | | | 971,000,822 |
| Large Cap Value Fund | | Multi-Manager Fund | | | | |
| | Dodge & Cox Stock | | | Mutual Fund | | (1) | | 1,180,526,020 | |
| | T Rowe Price Equity Income TR F | | | Common Collective Fund | | (1) | | 1,146,087,637 | |
| | MFS Large Cap Value CL 5 | | | Common Collective Fund | | (1) | | 1,146,082,916 | |
| | | | | | | | | | 3,472,696,573 | |
| | | | | | | | | | | | | |
| Large Cap Growth Fund | | Multi-Manager Fund | | | | |
| | Los Angeles Capital Large Cap Growth A | | | Common Collective Fund | | (1) | | 854,191,482 | |
| | T Rowe Price Blue Chip Growth Trust T7 | | | Common Collective Fund | | (1) | | 854,233,275 | |
| | Brown Advisory Sustainable Growth | | | Common Collective Fund | | (1) | | 854,210,573 | |
| | Jennison Large Cap Growth | | | Common Collective Fund | | (1) | | 854,226,368 | |
| | Jackson Square Large Cap Growth IS | | | Mutual Fund | | (1) | | 853,915,678 | |
| | | | | | | | | | 4,270,777,376 | |
| Small Cap Fund | | Multi-Manager Fund | | | | |
* | | Wells Fargo Emerging Growth E4 | | | Common Collective Fund | | (1) | | 331,597,049 | |
| | Peregrine Small Cap Value | | | Common Collective Fund | | (1) | | 331,589,705 | |
| | State Street Russell Sm Cap Index NL CL K | | | Common Collective Fund | | (1) | | 683,282,048 | |
| | Wellington Select Small Cap Growth | | | Common Collective Fund | | (1) | | 331,591,433 | |
| | Wellington Small Cap Value | | | Common Collective Fund | | (1) | | 331,924,428 | |
| | | | | | | | | | 2,009,984,663 | |
| International Equity Fund | | Multi-Manager Fund | | | | |
| | Causeway International Value Equity F | | | Common Collective Fund | | (1) | | 405,598,076 | |
| | Sprucegrove International F | | | Common Collective Fund | | (1) | | 405,595,493 | |
| | American EuroPacific Growth R6 | | | Mutual Fund | | (1) | | 811,204,431 | |
| | | | | | | | | | 1,622,398,000 | |
| Emerging Markets Equity Fund | | Multi-Manager Fund | | | | |
| | Acadian Emerging Markets Equity A | | | Common Collective Fund | | (1) | | 294,591,436 | |
| | Lazard Emerging Markets Equity C | | | Common Collective Fund | | (1) | | 210,423,749 | |
| | Baillie Gifford Emerging Markets EQS K | | | Mutual Fund | | (1) | | 210,424,793 | |
| | DFA Emerging Markets Small Cap | | | Mutual Fund | | (1) | | 126,253,587 | |
| | | | | | | | | 841,693,565 | |
| Diversified Real Asset Fund | | Multi-Manager Fund | | | | |
| | Principal Diversified Real Asset II | | | Common Collective Fund | | (1) | | 108,150,680 | |
| | State Street Real Asset NL Series A | | | Common Collective Fund | | (1) | | 36,058,967 | |
| | | | | | | | | | 144,209,647 | |
| Global Bond Fund | | Multi-Manager Fund | | | | |
| | Federated Total Return Bond IS | | | Mutual Fund | | (1) | | 66,386,200 | |
| | Franklin Global Opportunities Bond IS | | | Mutual Fund | | (1) | | 132,784,513 | |
| | PIMCO Global Advantage Strategy BD | | | Mutual Fund | | (1) | | 133,158,516 | |
| | | | | | | | | | 332,329,229 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| State Street Emerging Mkts Index A | | | Common Collective Fund | | (1) | | $ | 190,678,355 | |
| | | | | | | | | | | | | 190,678,355 | |
| | | | | | | | | | | | | |
| BlackRock MSCI ACWI ESG Focus Index F | | | Common Collective Fund | | (1) | | 529,585,284 | |
| | | | | | | | | | | | | 529,585,284 | |
| | | | | | | | | | | 13,414,352,692 | |
| | | | | | | | |
* | Wells Fargo Stable Value Fund | | | | | | | |
| | Security-backed contracts: | | | | | | | |
| | | American General Life Ins. Co. | | 1.72% | | (1) | | — | |
| | | Massachusetts Mutual Life Ins. | | 1.89% | | (1) | | — | |
| | | Nationwide Life Ins. Co. | | 1.95% | | (1) | | — | |
| | | Pacific Life Ins. Co. | | 2.05% | | (1) | | — | |
| | | Prudential Ins. Co. of America | | 2.11% | | (1) | | — | |
| | | Royal Bank of Canada | | 1.79% | | (1) | | — | |
| | | State Street Bank and TrustCo. | | 1.95% | | (1) | | — | |
| | | Transamerica Premier Life Ins. Co. | | 1.98% | | (1) | | — | |
| | | Voya Ins. and Annuity Co. | | 1.76% | | (1) | | — | |
* | | | | Wells Fargo Fixed Income Fund C2 | | 12,151,573 units | | (1) | | 370,630,256 | |
| | | | | | | | | Total | | | | 370,630,256 | |
| | | | | | | | | | | | | |
| | | American General Life Ins. Co. | | 1.72% | | (1) | | — | |
| | | Massachusetts Mutual Life Ins. | | 1.89% | | (1) | | — | |
| | | Nationwide Life Ins. Co. | | 1.95% | | (1) | | — | |
| | | Pacific Life Ins. Co. | | 2.05% | | (1) | | — | |
| | | Prudential Ins. Co. of America | | 2.11% | | (1) | | — | |
| | | Royal Bank of Canada | | 1.79% | | (1) | | — | |
| | | State Street Bank and TrustCo. | | 1.95% | | (1) | | — | |
| | | Transamerica Premier Life Ins. Co. | | 1.98% | | (1) | | — | |
| | | Voya Ins. and Annuity Co. | | 1.76% | | (1) | | — | |
* | | | | Wells Fargo Fixed Income Fund Q2 | | 30,195,458 units | | (1) | | 371,847,943 | |
| | | | | | | | | Total | | | | 371,847,943 | |
| | | | | | | | | | | | | |
| | | Metropolitan Life Ins. Co. | | 1.71% | | (1) | | — | |
| | | | Separate account 771 | | | | (1) | | 364,712,212 | |
| | | | Separate account 690 | | | | (1) | | 290,727,769 | |
| | | | | | | | | Total | | | | 655,439,981 | |
| | | | | | | | | | | | | |
| | | American General Life Ins. Co. | | 1.72% | | (1) | | — | |
| | | Massachusetts Mutual Life Ins. | | 1.89% | | (1) | | — | |
| | | Nationwide Life Insurance Co. | | 1.95% | | (1) | | — | |
| | | Pacific Life Ins. Co. | | 2.05% | | (1) | | — | |
| | | Prudential Ins. Co. of America | | 2.11% | | (1) | | — | |
| | | Royal Bank of Canada | | 1.79% | | (1) | | — | |
| | | State Street Bank and TrustCo. | | 1.95% | | (1) | | — | |
| | | Transamerica Premier Life Ins. Co. | | 1.98% | | (1) | | — | |
| | | Voya Ins. and Annuity Co. | | 1.76% | | (1) | | — | |
| | | | 3M Co | | 2.650%, $225,000 par, due 4/15/2025 | | (1) | | 234,938 | |
| | | | 7-Eleven Inc | | 0.625%, $430,000 par, due 2/10/2023 | | (1) | | 428,401 | |
| | | | 7-Eleven Inc | | 0.800%, $1,070,000 par, due 2/10/2024 | | (1) | | 1,057,959 | |
| | | | Abay Leasing 2014 LLC | | 2.654%, $1,587,500 par, due 11/9/2026 | | (1) | | 1,642,004 | |
| | | | AbbVie Inc | | 2.300%, $3,680,000 par, due 11/21/2022 | | (1) | | 3,731,689 | |
| | | | Access Group Inc 2013-1 | | 0.602%, $906,608 par, due 2/25/2036 | | (1) | | 893,143 | |
| | | | AEP Texas Inc | | 2.400%, $153,000 par, due 10/1/2022 | | (1) | | 154,841 | |
| | | | Alabama Federal Aid Highway Finance Authority | | 0.449%, $3,215,000 par, due 9/1/2023 | | (1) | | 3,195,131 | |
| | | | Alexandria Real Estate Equities Inc | | 3.450%, $2,000,000 par, due 4/30/2025 | | (1) | | 2,122,770 | |
| | | | Alliant Energy Finance LLC | | 3.750%, $166,000 par, due 6/15/2023 | | (1) | | 171,959 | |
| | | | Ally Auto Receivables Trust 2019-1 | | 2.910%, $392,546 par, due 9/15/2023 | | (1) | | 394,784 | |
| | | | Ally Auto Receivables Trust 2019-3 | | 1.930%, $737,478 par, due 5/15/2024 | | (1) | | 741,688 | |
| | | | Ameren Illinois Co | | 2.700%, $620,000 par, due 9/1/2022 | | (1) | | 625,696 | |
| | | | Ameren Illinois Co | | 3.250%, $2,505,000 par, due 3/1/2025 | | (1) | | 2,628,574 | |
| | | | American Express Co | | 3.400%, $355,000 par, due 2/27/2023 | | (1) | | 365,272 | |
| | | | American Express Co | | 3.700%, $970,000 par, due 8/3/2023 | | (1) | | 1,011,457 | |
| | | | American Express Co | | 3.400%, $360,000 par, due 2/22/2024 | | (1) | | 377,591 | |
| | | | American Express Co | | 2.750%, $850,000 par, due 5/20/2022 | | (1) | | 855,928 | |
| | | | American Honda Finance Corp | | 3.450%, $274,000 par, due 7/14/2023 | | (1) | | 285,218 | |
| | | | American Honda Finance Corp | | 2.050%, $2,110,000 par, due 1/10/2023 | | (1) | | 2,141,211 | |
| | | | American Honda Finance Corp | | 0.750%, $2,620,000 par, due 8/9/2024 | | (1) | | 2,590,989 | |
| | | | American Honda Finance Corp | | 2.200%, $2,232,000 par, due 6/27/2022 | | (1) | | 2,251,505 | |
| | | | AmeriCredit Automobile Receivables Trust | | 0.370%, $2,915,000 par, due 8/18/2025 | | (1) | | 2,905,407 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | AmeriCredit Automobile Receivables Trust 2019-3 | | 2.060%, $799,690 par, due 4/18/2024 | | (1) | | $ | 802,266 | |
| | | | AmeriCredit Automobile Receivables Trust 2021-3 | | 0.760%, $1,850,000 par, due 8/18/2026 | | (1) | | 1,839,622 | |
| | | | Amphenol Corp | | 3.200%, $58,000 par, due 4/1/2024 | | (1) | | 60,304 | |
| | | | Amphenol Corp | | 2.050%, $1,295,000 par, due 3/1/2025 | | (1) | | 1,319,854 | |
| | | | Analog Devices Inc | | 2.950%, $225,000 par, due 4/1/2025 | | (1) | | 236,369 | |
| | | | Anglo American Capital PLC | | 3.625%, $1,200,000 par, due 9/11/2024 | | (1) | | 1,259,893 | |
| | | | Ann Arbor School District | | 2.016%, $3,500,000 par, due 5/1/2023 | | (1) | | 3,553,305 | |
| | | | ARI Fleet Lease Trust 2018-B | | 3.220%, $185,644 par, due 8/16/2027 | | (1) | | 185,904 | |
| | | | ARI Fleet Lease Trust 2019-A | | 2.410%, $409,903 par, due 11/15/2027 | | (1) | | 411,355 | |
| | | | ARI Fleet Lease Trust 2021-A | | 0.370%, $3,585,000 par, due 3/15/2030 | | (1) | | 3,567,817 | |
| | | | Astrazeneca Finance LLC | | 0.700%, $1,460,000 par, due 5/28/2024 | | (1) | | 1,448,654 | |
| | | | AT&T Inc | | 1.381%, $1,680,000 par, due 6/12/2024 | | (1) | | 1,701,292 | |
| | | | AT&T Inc | | 2.300%, $560,000 par, due 6/1/2027 | | (1) | | 570,088 | |
| | | | AT&T Inc | | 1.650%, $1,400,000 par, due 2/1/2028 | | (1) | | 1,371,481 | |
| | | | AT&T Inc | | 0.900%, $1,980,000 par, due 3/25/2024 | | (1) | | 1,971,405 | |
| | | | Atmos Energy Corp | | 0.625%, $1,600,000 par, due 3/9/2023 | | (1) | | 1,593,978 | |
| | | | BA Credit Card Trust | | 0.340%, $2,630,000 par, due 5/15/2026 | | (1) | | 2,595,323 | |
| | | | BAE Systems Holdings Inc | | 3.850%, $700,000 par, due 12/15/2025 | | (1) | | 750,609 | |
| | | | BAE Systems Holdings Inc | | 3.800%, $1,850,000 par, due 10/7/2024 | | (1) | | 1,965,000 | |
| | | | Baker Hughes a GE Co LLC | | 2.773%, $1,312,000 par, due 12/15/2022 | | (1) | | 1,338,058 | |
| | | | BAKER HUGHES LLC/CO-OBL | | 1.231%, $1,275,000 par, due 12/15/2023 | | (1) | | 1,280,954 | |
| | | | Bank of America Corp | | 3.124%, $1,162,000 par, due 1/20/2023 | | (1) | | 1,163,307 | |
| | | | Bank of America Corp | | 1.084%, $960,000 par, due 7/23/2024 | | (1) | | 968,079 | |
| | | | Bank of America Corp | | 3.004%, $2,629,000 par, due 12/20/2023 | | (1) | | 2,683,499 | |
| | | | Bank of America Corp | | 3.864%, $567,000 par, due 7/23/2024 | | (1) | | 590,789 | |
| | | | Bank of America Corp | | 3.458%, $1,400,000 par, due 3/15/2025 | | (1) | | 1,464,387 | |
| | | | Bank of America Corp | | 0.810%, $3,500,000 par, due 10/24/2024 | | (1) | | 3,477,050 | |
| | | | Bank of America Corp | | 0.976%, $1,810,000 par, due 4/22/2025 | | (1) | | 1,795,819 | |
| | | | Bank of America Corp | | 1.530%, $5,900,000 par, due 12/6/2025 | | (1) | | 5,914,101 | |
| | | | Bank of Montreal | | 0.625%, $2,980,000 par, due 7/9/2024 | | (1) | | 2,940,053 | |
| | | | Bank of Montreal | | 3.300%, $749,000 par, due 2/5/2024 | | (1) | | 783,809 | |
| | | | Bank of Montreal | | 1.250%, $920,000 par, due 9/15/2026 | | (1) | | 900,864 | |
| | | | Bank of Montreal | | 2.500%, $1,952,000 par, due 1/11/2022 | | (1) | | 1,952,876 | |
| | | | Bank of New York Mellon Corp/The | | 2.661%, $370,000 par, due 5/16/2023 | | (1) | | 372,781 | |
| | | | Bank of Nova Scotia/The | | 1.300%, $1,090,000 par, due 9/15/2026 | | (1) | | 1,068,906 | |
| | | | Bank of Nova Scotia/The | | 0.400%, $680,000 par, due 9/15/2023 | | (1) | | 674,689 | |
| | | | Bank of Nova Scotia/The | | 0.650%, $2,460,000 par, due 7/31/2024 | | (1) | | 2,429,629 | |
| | | | Bank of Nova Scotia/The | | 3.400%, $391,000 par, due 2/11/2024 | | (1) | | 410,311 | |
| | | | Bank of Nova Scotia/The | | 1.950%, $860,000 par, due 2/1/2023 | | (1) | | 870,016 | |
| | | | Baxter International Inc | | 1.322%, $4,080,000 par, due 11/29/2024 | | (1) | | 4,075,222 | |
| | | | Bayer US Finance II LLC | | 1.213%, $860,000 par, due 12/15/2023 | | (1) | | 867,067 | |
| | | | Bayer US Finance II LLC | | 4.250%, $860,000 par, due 12/15/2025 | | (1) | | 930,596 | |
| | | | Bayer US Finance II LLC | | 3.875%, $454,000 par, due 12/15/2023 | | (1) | | 474,495 | |
| | | | Bayer US Finance LLC | | 3.375%, $735,000 par, due 10/8/2024 | | (1) | | 768,379 | |
| | | | Bell Telephone Co of Canada or Bell Canada/The | | 0.750%, $1,890,000 par, due 3/17/2024 | | (1) | | 1,870,843 | |
| | | | Black Hills Corp | | 3.950%, $2,360,000 par, due 1/15/2026 | | (1) | | 2,530,269 | |
| | | | Black Hills Corp | | 4.250%, $850,000 par, due 11/30/2023 | | (1) | | 892,656 | |
| | | | BMW US Capital LLC | | 2.950%, $1,485,000 par, due 4/14/2022 | | (1) | | 1,495,572 | |
| | | | BMW US Capital LLC | | 3.150%, $378,000 par, due 4/18/2024 | | (1) | | 394,788 | |
| | | | BMW US Capital LLC | | 0.800%, $890,000 par, due 4/1/2024 | | (1) | | 884,226 | |
| | | | BMW US Capital LLC | | 0.750%, $1,290,000 par, due 8/12/2024 | | (1) | | 1,275,938 | |
| | | | BMW Vehicle Lease Trust 2021-1 | | 0.290%, $4,805,000 par, due 1/25/2024 | | (1) | | 4,790,052 | |
| | | | BMW Vehicle Owner Trust 2019-A | | 1.920%, $1,224,205 par, due 1/25/2024 | | (1) | | 1,231,201 | |
| | | | BNP Paribas SA | | 2.819%, $1,955,000 par, due 11/19/2025 | | (1) | | 2,012,422 | |
| | | | BNP Paribas SA | | 4.705%, $1,307,000 par, due 1/10/2025 | | (1) | | 1,391,663 | |
| | | | Boeing Co/The | | 2.700%, $470,000 par, due 5/1/2022 | | (1) | | 472,759 | |
| | | | Boeing Co/The | | 4.875%, $1,585,000 par, due 5/1/2025 | | (1) | | 1,734,792 | |
| | | | Boston Properties LP | | 3.125%, $635,000 par, due 9/1/2023 | | (1) | | 653,244 | |
| | | | Boston Properties LP | | 3.200%, $960,000 par, due 1/15/2025 | | (1) | | 1,005,481 | |
| | | | Boston Properties LP | | 3.800%, $624,000 par, due 2/1/2024 | | (1) | | 652,689 | |
| | | | BP Capital Markets America Inc | | 3.790%, $112,000 par, due 2/6/2024 | | (1) | | 117,919 | |
| | | | BP Capital Markets America Inc | | 2.750%, $917,000 par, due 5/10/2023 | | (1) | | 939,244 | |
| | | | BP Capital Markets America Inc | | 3.194%, $1,431,000 par, due 4/6/2025 | | (1) | | 1,508,792 | |
| | | | Brazos Higher Education Authority Inc | | 1.078%, $160,527 par, due 5/25/2029 | | (1) | | 160,622 | |
| | | | Bristol-Myers Squibb Co | | 0.537%, $2,470,000 par, due 11/13/2023 | | (1) | | 2,459,246 | |
| | | | Bristol-Myers Squibb Co | | 2.900%, $179,000 par, due 7/26/2024 | | (1) | | 187,347 | |
| | | | Burlington Northern Santa Fe LLC | | 3.050%, $787,000 par, due 9/1/2022 | | (1) | | 795,086 | |
| | | | Byron Center Public Schools | | 2.546%, $750,000 par, due 5/1/2024 | | (1) | | 774,615 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Canadian Natural Resources Ltd | | 2.950%, $1,300,000 par, due 1/15/2023 | | (1) | | $ | 1,324,831 | |
| | | | Canadian Pacific Railway Co | | 1.350%, $2,420,000 par, due 12/2/2024 | | (1) | | 2,423,086 | |
| | | | Capital One Bank USA NA | | 2.014%, $710,000 par, due 1/27/2023 | | (1) | | 710,629 | |
| | | | Capital One Financial Corp | | 1.343%, $2,790,000 par, due 12/6/2024 | | (1) | | 2,807,189 | |
| | | | Capital One NA | | 0.964%, $1,549,000 par, due 8/8/2022 | | (1) | | 1,553,216 | |
| | | | Capital One Prime Auto Receivables Trust 2019-2 | | 1.920%, $1,807,745 par, due 5/15/2024 | | (1) | | 1,820,554 | |
| | | | Capital One Prime Auto Receivables Trust 2021-1 | | 0.770%, $3,605,000 par, due 9/15/2026 | | (1) | | 3,578,092 | |
| | | | Carmax Auto Owner Trust 2018-4 | | 3.360%, $380,746 par, due 9/15/2023 | | (1) | | 383,434 | |
| | | | Carmax Auto Owner Trust 2019-4 | | 2.020%, $3,528,759 par, due 11/15/2024 | | (1) | | 3,563,624 | |
| | | | Carmax Auto Owner Trust 2020-1 | | 1.890%, $3,813,906 par, due 12/16/2024 | | (1) | | 3,848,044 | |
| | | | Carmax Auto Owner Trust 2021-1 | | 0.340%, $4,300,000 par, due 12/15/2025 | | (1) | | 4,262,164 | |
| | | | CarMax Auto Owner Trust 2021-2 | | 0.520%, $4,110,000 par, due 2/17/2026 | | (1) | | 4,086,499 | |
| | | | Carrier Global Corp | | 2.242%, $1,655,000 par, due 2/15/2025 | | (1) | | 1,695,342 | |
| | | | Caterpillar Financial Services Corp | | 2.850%, $135,000 par, due 5/17/2024 | | (1) | | 140,960 | |
| | | | CenterPoint Energy Resources Corp | | 0.700%, $1,960,000 par, due 3/2/2023 | | (1) | | 1,951,123 | |
| | | | CES MU2 LLC | | 2.166%, $3,044,073 par, due 12/16/2026 | | (1) | | 3,114,741 | |
| | | | Charles Schwab Corp/The | | 4.200%, $900,000 par, due 3/24/2025 | | (1) | | 978,869 | |
| | | | Charles Schwab Corp/The | | 3.625%, $1,500,000 par, due 4/1/2025 | | (1) | | 1,598,773 | |
| | | | Chesapeake Funding II LLC | | 3.390%, $523,065 par, due 1/15/2031 | | (1) | | 529,651 | |
| | | | Chesapeake Funding II LLC | | 1.950%, $1,377,382 par, due 9/15/2031 | | (1) | | 1,385,596 | |
| | | | Chesapeake Funding II LLC | | 0.870%, $3,110,584 par, due 8/16/2032 | | (1) | | 3,114,167 | |
| | | | Chesapeake Funding II LLC | | 0.470%, $3,966,916 par, due 4/15/2033 | | (1) | | 3,949,125 | |
| | | | Chevron Corp | | 1.554%, $1,390,000 par, due 5/11/2025 | | (1) | | 1,402,371 | |
| | | | Chubb INA Holdings Inc | | 3.350%, $500,000 par, due 5/15/2024 | | (1) | | 527,149 | |
| | | | Cigna Corp | | 3.750%, $62,000 par, due 7/15/2023 | | (1) | | 64,480 | |
| | | | Cintas Corp No 2 | | 2.900%, $2,129,000 par, due 4/1/2022 | | (1) | | 2,137,556 | |
| | | | Cintas Corp No 2 | | 3.250%, $660,000 par, due 6/1/2022 | | (1) | | 662,769 | |
| | | | Citigroup Commercial Mortgage Trust 2012-GC8 | | 2.608%, $161,143 par, due 9/10/2045 | | (1) | | 161,469 | |
| | | | Citigroup Commercial Mortgage Trust 2014-GC19 | | 3.552%, $816,348 par, due 3/10/2047 | | (1) | | 837,735 | |
| | | | Citigroup Inc | | 4.044%, $430,000 par, due 6/1/2024 | | (1) | | 448,182 | |
| | | | Citigroup Inc | | 1.281%, $860,000 par, due 11/3/2025 | | (1) | | 857,879 | |
| | | | Citigroup Inc | | 1.194%, $480,000 par, due 6/1/2024 | | (1) | | 484,302 | |
| | | | Citigroup Inc | | 3.352%, $331,000 par, due 4/24/2025 | | (1) | | 345,675 | |
| | | | Citigroup Inc | | 0.776%, $1,020,000 par, due 10/30/2024 | | (1) | | 1,013,536 | |
| | | | Citigroup Inc | | 0.981%, $1,550,000 par, due 5/1/2025 | | (1) | | 1,538,060 | |
| | | | Citizens Bank NA/Providence RI | | 3.250%, $1,140,000 par, due 2/14/2022 | | (1) | | 1,140,930 | |
| | | | Citizens Bank NA/Providence RI | | 2.250%, $1,045,000 par, due 4/28/2025 | | (1) | | 1,069,796 | |
| | | | Cleco Power LLC | | 0.703%, $620,000 par, due 6/15/2023 | | (1) | | 619,525 | |
| | | | CNH Equipment Trust 2019-A | | 3.010%, $364,106 par, due 4/15/2024 | | (1) | | 367,560 | |
| | | | CNH Equipment Trust 2021-C | | 0.810%, $3,690,000 par, due 12/15/2026 | | (1) | | 3,665,214 | |
| | | | COLGATE UNIVERSITY | | 2.180%, $1,135,000 par, due 7/1/2023 | | (1) | | 1,159,947 | |
| | | | College Loan Corp Trust I | | 0.874%, $5,945,000 par, due 4/25/2046 | | (1) | | 5,930,352 | |
| | | | Comcast Corp | | 3.700%, $1,000,000 par, due 4/15/2024 | | (1) | | 1,062,597 | |
| | | | Comerica Inc | | 3.700%, $326,000 par, due 7/31/2023 | | (1) | | 339,277 | |
| | | | COMM 2012-CCRE1 Mortgage Trust | | 3.053%, $4,923 par, due 5/15/2045 | | (1) | | 4,922 | |
| | | | COMM 2012-CCRE3 Mortgage Trust | | 2.372%, $227,910 par, due 10/15/2045 | | (1) | | 228,536 | |
| | | | COMM 2012-CCRE5 Mortgage Trust | | 2.388%, $478,654 par, due 12/10/2045 | | (1) | | 480,732 | |
| | | | Comm 2013-CCRE13 Mortgage Trust | | 4.194%, $810,000 par, due 11/10/2046 | | (1) | | 849,823 | |
| | | | COMM 2013-CCRE7 Mortgage Trust | | 3.213%, $379,318 par, due 3/10/2046 | | (1) | | 385,948 | |
| | | | COMM 2013-LC6 Mortgage Trust | | 2.941%, $321,686 par, due 1/10/2046 | | (1) | | 325,647 | |
| | | | COMM 2014-CCRE19 Mortgage Trust | | 3.499%, $1,656,925 par, due 8/10/2047 | | (1) | | 1,706,771 | |
| | | | COMM 2014-CR14 Mortgage Trust | | 3.743%, $1,123,800 par, due 2/10/2047 | | (1) | | 1,152,883 | |
| | | | CommonSpirit Health | | 2.760%, $415,000 par, due 10/1/2024 | | (1) | | 428,089 | |
| | | | Connecticut Light and Power Co/The | | 0.750%, $1,390,000 par, due 12/1/2025 | | (1) | | 1,351,605 | |
| | | | Cooperatieve Rabobank UA | | 2.625%, $2,005,000 par, due 7/22/2024 | | (1) | | 2,070,401 | |
| | | | Cooperatieve Rabobank UA | | 1.080%, $470,000 par, due 9/26/2023 | | (1) | | 473,735 | |
| | | | Corporate Action Adjustment | | 0.001%, $0 par, due 1/31/3100 | | (1) | | — | |
| | | | County of Berks PA | | 1.817%, $1,000,000 par, due 11/15/2022 | | (1) | | 1,011,210 | |
| | | | County of Howard MD | | 1.337%, $3,000,000 par, due 8/15/2023 | | (1) | | 3,029,670 | |
| | | | County of Spokane WA | | 2.096%, $1,135,000 par, due 12/1/2024 | | (1) | | 1,167,121 | |
| | | | County of Spokane WA | | 2.096%, $265,000 par, due 12/1/2024 | | (1) | | 272,950 | |
| | | | Credit Suisse Group AG | | 3.574%, $1,480,000 par, due 1/9/2023 | | (1) | | 1,480,419 | |
| | | | Credit Suisse Group AG | | 4.207%, $420,000 par, due 6/12/2024 | | (1) | | 437,036 | |
| | | | Credit Suisse Group AG | | 1.441%, $790,000 par, due 6/12/2024 | | (1) | | 798,087 | |
| | | | Credit Suisse Group AG | | 2.997%, $324,000 par, due 12/14/2023 | | (1) | | 329,243 | |
| | | | Credit Suisse Group AG | | 1.398%, $1,600,000 par, due 12/14/2023 | | (1) | | 1,612,181 | |
| | | | CRH America Inc | | 3.875%, $1,410,000 par, due 5/18/2025 | | (1) | | 1,506,877 | |
| | | | CubeSmart LP | | 4.000%, $730,000 par, due 11/15/2025 | | (1) | | 783,783 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | CVS Health Corp | | 2.625%, $690,000 par, due 8/15/2024 | | (1) | | $ | 714,574 | |
| | | | Daimler Finance North America LLC | | 3.350%, $250,000 par, due 2/22/2023 | | (1) | | 256,955 | |
| | | | Daimler Finance North America LLC | | 1.750%, $3,145,000 par, due 3/10/2023 | | (1) | | 3,176,670 | |
| | | | Daimler Trucks Finance North America LLC | | 1.625%, $1,530,000 par, due 12/13/2024 | | (1) | | 1,541,850 | |
| | | | Daimler Trucks Finance North America LLC | | 1.125%, $3,030,000 par, due 12/14/2023 | | (1) | | 3,031,215 | |
| | | | Danone SA | | 3.000%, $830,000 par, due 6/15/2022 | | (1) | | 839,063 | |
| | | | Dell Equipment Finance Trust 2019-2 | | 1.910%, $1,650,565 par, due 10/22/2024 | | (1) | | 1,657,622 | |
| | | | Dell Equipment Finance Trust 2020-1 | | 2.260%, $693,821 par, due 6/22/2022 | | (1) | | 694,940 | |
| | | | Dell Equipment Finance Trust 2020-2 | | 0.570%, $1,915,000 par, due 10/23/2023 | | (1) | | 1,913,252 | |
| | | | Dell Equipment Finance Trust 2021-1 | | 0.430%, $4,778,000 par, due 5/22/2026 | | (1) | | 4,749,619 | |
| | | | Diageo Capital PLC | | 1.375%, $480,000 par, due 9/29/2025 | | (1) | | 477,571 | |
| | | | Discover Card Execution Note Trust | | 3.040%, $1,980,000 par, due 7/15/2024 | | (1) | | 1,981,647 | |
| | | | DLLAA 2021-1 LLC | | 0.670%, $5,750,000 par, due 4/17/2026 | | (1) | | 5,687,653 | |
| | | | DLLAD 2021-1 LLC | | 0.640%, $3,670,000 par, due 9/21/2026 | | (1) | | 3,604,593 | |
| | | | DLLMT 2021-1 LLC | | 1.000%, $3,210,000 par, due 7/21/2025 | | (1) | | 3,191,729 | |
| | | | DNB Boligkreditt AS | | 2.500%, $788,000 par, due 3/28/2022 | | (1) | | 791,968 | |
| | | | DTE Electric Co | | 3.375%, $1,470,000 par, due 3/1/2025 | | (1) | | 1,549,082 | |
| | | | DTE Electric Co | | 3.650%, $1,020,000 par, due 3/15/2024 | | (1) | | 1,068,106 | |
| | | | Duke Energy Carolinas LLC | | 3.050%, $1,193,000 par, due 3/15/2023 | | (1) | | 1,222,279 | |
| | | | Duke Energy Carolinas LLC | | 2.500%, $337,000 par, due 3/15/2023 | | (1) | | 342,609 | |
| | | | DuPont de Nemours Inc | | 4.493%, $965,000 par, due 11/15/2025 | | (1) | | 1,066,762 | |
| | | | DuPont de Nemours Inc | | 1.266%, $940,000 par, due 11/15/2023 | | (1) | | 952,286 | |
| | | | East Ohio Gas Co/The | | 1.300%, $1,515,000 par, due 6/15/2025 | | (1) | | 1,494,847 | |
| | | | Ecolab Inc | | 0.900%, $1,195,000 par, due 12/15/2023 | | (1) | | 1,196,698 | |
| | | | EdLinc Student Loan Funding Trust 2012-1 | | 1.103%, $609,258 par, due 9/25/2030 | | (1) | | 611,321 | |
| | | | Edsouth Indenture No 2 LLC | | 1.253%, $76,568 par, due 9/25/2040 | | (1) | | 77,013 | |
| | | | Edsouth Indenture No 3 LLC | | 0.833%, $331,100 par, due 4/25/2039 | | (1) | | 330,205 | |
| | | | Edsouth Indenture No 4 LLC | | 0.673%, $285,415 par, due 2/26/2029 | | (1) | | 284,744 | |
| | | | Edu Fund of South | | 0.774%, $512,256 par, due 4/25/2035 | | (1) | | 513,390 | |
| | | | Edu Fund of South | | 1.152%, $356,262 par, due 3/25/2036 | | (1) | | 358,083 | |
| | | | EMD Finance LLC | | 3.250%, $720,000 par, due 3/19/2025 | | (1) | | 757,932 | |
| | | | Emory University | | 1.566%, $780,000 par, due 9/1/2025 | | (1) | | 776,345 | |
| | | | Entergy Arkansas LLC | | 3.050%, $796,000 par, due 6/1/2023 | | (1) | | 815,656 | |
| | | | Entergy Arkansas LLC | | 3.700%, $720,000 par, due 6/1/2024 | | (1) | | 756,526 | |
| | | | Entergy Louisiana LLC | | 0.620%, $1,470,000 par, due 11/17/2023 | | (1) | | 1,458,261 | |
| | | | Enterprise Fleet Financing 2019-2 LLC | | 2.290%, $1,454,034 par, due 2/20/2025 | | (1) | | 1,451,062 | |
| | | | Enterprise Fleet Financing 2019-3 LLC | | 2.060%, $1,069,642 par, due 5/20/2025 | | (1) | | 1,077,761 | |
| | | | Enterprise Fleet Financing 2020-1 LLC | | 1.780%, $1,842,114 par, due 12/22/2025 | | (1) | | 1,855,970 | |
| | | | Enterprise Fleet Financing 2020-2 LLC | | 0.610%, $3,327,434 par, due 7/20/2026 | | (1) | | 3,318,646 | |
| | | | Enterprise Fleet Financing 2021-2 LLC | | 0.480%, $4,665,000 par, due 5/20/2027 | | (1) | | 4,621,858 | |
| | | | Enterprise Fleet Financing 2021-3 LLC | | 0.770%, $4,485,000 par, due 8/20/2027 | | (1) | | 4,456,049 | |
| | | | Enterprise Fleet Funding 2021-1 LLC | | 0.440%, $4,966,548 par, due 12/21/2026 | | (1) | | 4,939,108 | |
| | | | Enterprise Products Operating LLC | | 3.500%, $941,000 par, due 2/1/2022 | | (1) | | 943,070 | |
| | | | Enterprise Products Operating LLC | | 3.750%, $1,495,000 par, due 2/15/2025 | | (1) | | 1,589,115 | |
| | | | Equifax Inc | | 3.950%, $45,000 par, due 6/15/2023 | | (1) | | 46,770 | |
| | | | Equinor ASA | | 2.875%, $1,375,000 par, due 4/6/2025 | | (1) | | 1,435,544 | |
| | | | Equinor ASA | | 1.750%, $220,000 par, due 1/22/2026 | | (1) | | 221,444 | |
| | | | Equinor ASA | | 2.650%, $1,400,000 par, due 1/15/2024 | | (1) | | 1,443,655 | |
| | | | ERP Operating LP | | 3.375%, $1,300,000 par, due 6/1/2025 | | (1) | | 1,376,993 | |
| | | | Ethiopian Leasing 2012 LLC | | 2.566%, $2,922,867 par, due 8/14/2026 | | (1) | | 3,030,136 | |
| | | | Ethiopian Leasing 2012 LLC | | 1.506%, $5,000,000 par, due 10/3/2024 | | (1) | | 5,038,450 | |
| | | | Evergy Kansas Central Inc | | 2.550%, $1,630,000 par, due 7/1/2026 | | (1) | | 1,690,481 | |
| | | | Evergy Metro Inc | | 3.650%, $1,100,000 par, due 8/15/2025 | | (1) | | 1,171,709 | |
| | | | EXIM Bank of the United States | | 1.900%, $4,480,036 par, due 7/12/2024 | | (1) | | 4,533,232 | |
| | | | EXIM Bank of the United States | | 3.744%, $17,188 par, due 2/26/2022 | | (1) | | 17,264 | |
| | | | EXIM Bank of the United States | | 1.732%, $136,759 par, due 9/18/2024 | | (1) | | 138,262 | |
| | | | EXIM Bank of the United States | | 1.732%, $328,820 par, due 9/18/2024 | | (1) | | 332,428 | |
| | | | Exxon Mobil Corp | | 2.992%, $1,500,000 par, due 3/19/2025 | | (1) | | 1,577,000 | |
| | | | Fannie Mae Grantor Trust 2004-T2 | | 6.000%, $384,233 par, due 11/25/2043 | | (1) | | 434,558 | |
| | | | Fannie Mae or Freddie Mac | | 2.000%, $44,342,000 par, due 2/1/2036 | | (1) | | 45,346,612 | |
| | | | Fannie Mae or Freddie Mac | | 2.000%, $0 par, due 1/1/2036 | | (1) | | — | |
| | | | Fannie Mae Pool | | 5.500%, $142,905 par, due 4/1/2033 | | (1) | | 163,252 | |
| | | | Fannie Mae Pool | | 6.000%, $24,075 par, due 2/1/2033 | | (1) | | 27,597 | |
| | | | Fannie Mae Pool | | 5.500%, $4,751 par, due 1/1/2036 | | (1) | | 4,851 | |
| | | | Fannie Mae Pool | | 5.500%, $42,068 par, due 2/1/2036 | | (1) | | 43,630 | |
| | | | Fannie Mae Pool | | 5.000%, $316,840 par, due 6/1/2035 | | (1) | | 357,442 | |
| | | | Fannie Mae Pool | | 5.500%, $251,076 par, due 9/1/2036 | | (1) | | 283,815 | |
| | | | Fannie Mae Pool | | 5.000%, $1,798,229 par, due 8/1/2056 | | (1) | | 2,081,968 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Fannie Mae Pool | | 2.210%, $426,158 par, due 7/1/2033 | | (1) | | $ | 428,943 | |
| | | | Fannie Mae Pool | | 1.763%, $503,566 par, due 6/1/2033 | | (1) | | 521,097 | |
| | | | Fannie Mae Pool | | 1.624%, $93,449 par, due 8/1/2035 | | (1) | | 93,679 | |
| | | | Fannie Mae Pool | | 1.700%, $182,714 par, due 8/1/2033 | | (1) | | 189,185 | |
| | | | Fannie Mae Pool | | 1.698%, $86,048 par, due 8/1/2033 | | (1) | | 89,095 | |
| | | | Fannie Mae Pool | | 1.677%, $286,842 par, due 10/1/2033 | | (1) | | 289,053 | |
| | | | Fannie Mae Pool | | 1.757%, $147,892 par, due 12/1/2033 | | (1) | | 150,066 | |
| | | | Fannie Mae Pool | | 1.675%, $68,356 par, due 3/1/2034 | | (1) | | 70,807 | |
| | | | Fannie Mae Pool | | 1.675%, $47,135 par, due 5/1/2034 | | (1) | | 48,830 | |
| | | | Fannie Mae Pool | | 1.772%, $830,350 par, due 6/1/2034 | | (1) | | 861,403 | |
| | | | Fannie Mae Pool | | 1.678%, $71,172 par, due 8/1/2034 | | (1) | | 73,770 | |
| | | | Fannie Mae Pool | | 1.875%, $329,233 par, due 5/1/2038 | | (1) | | 344,491 | |
| | | | Fannie Mae Pool | | 1.838%, $107,522 par, due 5/1/2037 | | (1) | | 108,266 | |
| | | | Fannie Mae Pool | | 3.476%, $330,013 par, due 5/1/2036 | | (1) | | 353,316 | |
| | | | Fannie Mae Pool | | 2.190%, $14,960 par, due 2/1/2041 | | (1) | | 15,089 | |
| | | | Fannie Mae Pool | | 2.000%, $106,405 par, due 10/1/2041 | | (1) | | 106,741 | |
| | | | Fannie Mae Pool | | 2.080%, $96,116 par, due 11/1/2041 | | (1) | | 96,538 | |
| | | | Fannie Mae Pool | | 2.125%, $28,987 par, due 3/1/2042 | | (1) | | 30,541 | |
| | | | Fannie Mae Pool | | 1.830%, $410,225 par, due 8/1/2044 | | (1) | | 425,277 | |
| | | | Fannie Mae Pool | | 1.840%, $187,673 par, due 8/1/2044 | | (1) | | 194,643 | |
| | | | Fannie Mae Pool | | 1.840%, $197,529 par, due 8/1/2044 | | (1) | | 204,865 | |
| | | | Fannie Mae Pool | | 1.840%, $170,082 par, due 8/1/2044 | | (1) | | 176,399 | |
| | | | Fannie Mae Pool | | 1.850%, $11,112 par, due 9/1/2044 | | (1) | | 11,517 | |
| | | | Fannie Mae Pool | | 1.850%, $103,702 par, due 10/1/2044 | | (1) | | 107,435 | |
| | | | Fannie Mae Pool | | 1.972%, $241,855 par, due 2/1/2045 | | (1) | | 250,205 | |
| | | | Fannie Mae Pool | | 2.453%, $336,476 par, due 4/1/2045 | | (1) | | 348,967 | |
| | | | Fannie Mae Pool | | 1.961%, $221,481 par, due 4/1/2045 | | (1) | | 229,487 | |
| | | | Fannie Mae Pool | | 2.285%, $37,771 par, due 6/1/2045 | | (1) | | 39,137 | |
| | | | Fannie Mae Pool | | 2.606%, $123,343 par, due 7/1/2045 | | (1) | | 127,982 | |
| | | | Fannie Mae Pool | | 2.455%, $517,853 par, due 8/1/2045 | | (1) | | 537,079 | |
| | | | Fannie Mae Pool | | 1.850%, $52,703 par, due 8/1/2045 | | (1) | | 54,478 | |
| | | | Fannie Mae Pool | | 2.645%, $393,974 par, due 8/1/2045 | | (1) | | 409,008 | |
| | | | Fannie Mae Pool | | 2.654%, $708,398 par, due 11/1/2045 | | (1) | | 736,095 | |
| | | | Fannie Mae Pool | | 2.716%, $85,860 par, due 12/1/2045 | | (1) | | 89,277 | |
| | | | Fannie Mae Pool | | 2.292%, $577,028 par, due 10/1/2046 | | (1) | | 591,765 | |
| | | | Fannie Mae Pool | | 3.108%, $670,611 par, due 6/1/2047 | | (1) | | 698,200 | |
| | | | Fannie Mae Pool | | 3.024%, $1,135,495 par, due 6/1/2047 | | (1) | | 1,182,034 | |
| | | | Fannie Mae Pool | | 3.037%, $523,108 par, due 6/1/2047 | | (1) | | 543,740 | |
| | | | Fannie Mae Pool | | 2.889%, $433,206 par, due 7/1/2047 | | (1) | | 449,200 | |
| | | | Fannie Mae Pool | | 2.970%, $642,183 par, due 7/1/2047 | | (1) | | 666,830 | |
| | | | Fannie Mae Pool | | 2.755%, $1,379,326 par, due 9/1/2047 | | (1) | | 1,427,723 | |
| | | | Fannie Mae Pool | | 2.806%, $309,305 par, due 9/1/2047 | | (1) | | 318,762 | |
| | | | Fannie Mae Pool | | 2.378%, $939,264 par, due 11/1/2046 | | (1) | | 964,277 | |
| | | | Fannie Mae Pool | | 2.720%, $951,547 par, due 11/1/2047 | | (1) | | 983,749 | |
| | | | Fannie Mae Pool | | 2.919%, $443,857 par, due 5/1/2047 | | (1) | | 460,772 | |
| | | | Fannie Mae Pool | | 2.962%, $431,746 par, due 2/1/2048 | | (1) | | 448,146 | |
| | | | Fannie Mae Pool | | 3.273%, $981,633 par, due 5/1/2048 | | (1) | | 1,021,963 | |
| | | | Fannie Mae Pool | | 3.057%, $2,117,207 par, due 8/1/2049 | | (1) | | 2,189,078 | |
| | | | Fannie Mae Pool | | 2.997%, $1,186,893 par, due 8/1/2049 | | (1) | | 1,228,589 | |
| | | | Fannie Mae Pool | | 2.754%, $2,716,884 par, due 11/1/2049 | | (1) | | 2,801,537 | |
| | | | Fannie Mae Pool | | 2.847%, $879,691 par, due 11/1/2049 | | (1) | | 908,007 | |
| | | | Fannie Mae Pool | | 2.857%, $540,440 par, due 11/1/2049 | | (1) | | 557,951 | |
| | | | Fannie Mae Pool | | 2.820%, $527,967 par, due 12/1/2049 | | (1) | | 544,307 | |
| | | | Fannie Mae Pool | | 3.389%, $228,143 par, due 11/1/2048 | | (1) | | 237,221 | |
| | | | Fannie Mae Pool | | 3.410%, $841,443 par, due 11/1/2023 | | (1) | | 869,314 | |
| | | | Fannie Mae Pool | | 3.120%, $945,000 par, due 1/1/2024 | | (1) | | 976,869 | |
| | | | Fannie Mae Pool | | 2.000%, $46,354 par, due 6/1/2022 | | (1) | | 46,344 | |
| | | | Fannie Mae Pool | | 2.615%, $1,082,064 par, due 12/1/2049 | | (1) | | 1,116,417 | |
| | | | Fannie Mae Pool | | 2.725%, $1,170,650 par, due 12/1/2049 | | (1) | | 1,205,643 | |
| | | | Fannie Mae Pool | | 2.692%, $3,674,167 par, due 1/1/2050 | | (1) | | 3,785,925 | |
| | | | Fannie Mae Pool | | 2.739%, $2,459,388 par, due 1/1/2050 | | (1) | | 2,531,785 | |
| | | | Fannie Mae Pool | | 3.000%, $1,343,488 par, due 8/1/2027 | | (1) | | 1,409,782 | |
| | | | Fannie Mae Pool | | 2.000%, $53,772 par, due 5/1/2023 | | (1) | | 55,124 | |
| | | | Fannie Mae Pool | | 2.000%, $66,309 par, due 6/1/2023 | | (1) | | 66,870 | |
| | | | Fannie Mae Pool | | 2.000%, $50,679 par, due 4/1/2023 | | (1) | | 51,954 | |
| | | | Fannie Mae Pool | | 2.000%, $158,967 par, due 8/1/2023 | | (1) | | 160,385 | |
| | | | Fannie Mae Pool | | 2.000%, $250,935 par, due 9/1/2023 | | (1) | | 257,246 | |
| | | | Fannie Mae Pool | | 2.500%, $68,252 par, due 10/1/2023 | | (1) | | 70,558 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Fannie Mae Pool | | 2.500%, $312,827 par, due 10/1/2024 | | (1) | | $ | 323,400 | |
| | | | Fannie Mae Pool | | 3.000%, $293,948 par, due 2/1/2031 | | (1) | | 309,707 | |
| | | | Fannie Mae Pool | | 3.000%, $190,749 par, due 2/1/2031 | | (1) | | 200,908 | |
| | | | Fannie Mae Pool | | 3.000%, $2,314,987 par, due 4/1/2031 | | (1) | | 2,438,358 | |
| | | | Fannie Mae Pool | | 3.000%, $115,162 par, due 5/1/2031 | | (1) | | 121,142 | |
| | | | Fannie Mae Pool | | 2.500%, $2,790,557 par, due 11/1/2027 | | (1) | | 2,898,775 | |
| | | | Fannie Mae Pool | | 2.500%, $881,996 par, due 12/1/2026 | | (1) | | 911,806 | |
| | | | Fannie Mae Pool | | 2.500%, $611,504 par, due 8/1/2027 | | (1) | | 635,030 | |
| | | | Fannie Mae Pool | | 3.000%, $600,473 par, due 2/1/2027 | | (1) | | 627,750 | |
| | | | Fannie Mae Pool | | 4.000%, $884,695 par, due 2/1/2034 | | (1) | | 946,014 | |
| | | | Fannie Mae Pool | | 4.000%, $606,019 par, due 2/1/2034 | | (1) | | 646,261 | |
| | | | Fannie Mae Pool | | 3.000%, $657,277 par, due 7/1/2034 | | (1) | | 690,884 | |
| | | | Fannie Mae Pool | | 2.500%, $2,863,421 par, due 12/1/2031 | | (1) | | 2,975,152 | |
| | | | Fannie Mae Pool | | 3.000%, $1,702,081 par, due 7/1/2034 | | (1) | | 1,791,762 | |
| | | | Fannie Mae Pool | | 3.666%, $285,072 par, due 10/1/2032 | | (1) | | 307,786 | |
| | | | Fannie Mae Pool | | 1.513%, $542,582 par, due 11/1/2032 | | (1) | | 547,148 | |
| | | | Fannie Mae REMIC Trust 2002-W12 | | 5.066%, $6,607 par, due 2/25/2033 | | (1) | | 6,607 | |
| | | | Fannie Mae REMIC Trust 2003-W11 | | 6.891%, $28,134 par, due 7/25/2033 | | (1) | | 30,977 | |
| | | | Fannie Mae REMIC Trust 2004-W11 | | 7.000%, $433,415 par, due 5/25/2044 | | (1) | | 486,337 | |
| | | | Fannie Mae REMICS | | 5.500%, $1,174,102 par, due 4/25/2035 | | (1) | | 1,339,801 | |
| | | | Fannie Mae REMICS | | 5.500%, $1,004,489 par, due 4/25/2035 | | (1) | | 1,142,766 | |
| | | | Fannie Mae REMICS | | 2.500%, $31,436 par, due 3/25/2037 | | (1) | | 32,247 | |
| | | | Fannie Mae Trust 2003-W6 | | 6.500%, $145,638 par, due 9/25/2042 | | (1) | | 166,012 | |
| | | | Fannie Mae Trust 2004-W1 | | 7.000%, $308,411 par, due 12/25/2033 | | (1) | | 355,803 | |
| | | | Fannie Mae-Aces | | 2.263%, $67,185 par, due 2/25/2023 | | (1) | | 67,266 | |
| | | | Federal Realty Investment Trust | | 3.950%, $300,000 par, due 1/15/2024 | | (1) | | 314,229 | |
| | | | Federal Realty Investment Trust | | 1.250%, $810,000 par, due 2/15/2026 | | (1) | | 793,766 | |
| | | | Federal Realty Investment Trust | | 2.750%, $518,000 par, due 6/1/2023 | | (1) | | 528,318 | |
| | | | Federation des Caisses Desjardin du Quebec | | 0.450%, $3,635,000 par, due 10/7/2023 | | (1) | | 3,604,390 | |
| | | | Fifth Third Bancorp | | 1.625%, $440,000 par, due 5/5/2023 | | (1) | | 444,302 | |
| | | | Fifth Third Bancorp | | 3.650%, $220,000 par, due 1/25/2024 | | (1) | | 230,509 | |
| | | | Fiserv Inc | | 3.800%, $450,000 par, due 10/1/2023 | | (1) | | 470,447 | |
| | | | Fiserv Inc | | 3.850%, $1,400,000 par, due 6/1/2025 | | (1) | | 1,495,701 | |
| | | | Fiserv Inc | | 2.750%, $1,690,000 par, due 7/1/2024 | | (1) | | 1,748,334 | |
| | | | Florida Power & Light Co | | 2.850%, $700,000 par, due 4/1/2025 | | (1) | | 731,249 | |
| | | | Florida Water Pollution Control Financing Corp | | 1.900%, $1,580,000 par, due 1/15/2022 | | (1) | | 1,580,837 | |
| | | | FMC Corp | | 4.100%, $750,000 par, due 2/1/2024 | | (1) | | 786,311 | |
| | | | Ford Credit Auto Lease Trust 2020-B | | 0.620%, $4,043,442 par, due 8/15/2023 | | (1) | | 4,047,057 | |
| | | | Ford Credit Auto Owner Tr | | 2.620%, $2,625,000 par, due 8/15/2028 | | (1) | | 2,632,156 | |
| | | | Ford Credit Auto Owner Trust 2017-REV2 | | 2.360%, $628,000 par, due 3/15/2029 | | (1) | | 635,957 | |
| | | | Ford Credit Auto Owner Trust 2018-REV2 | | 3.470%, $761,000 par, due 1/15/2030 | | (1) | | 790,744 | |
| | | | Ford Credit Auto Owner Trust 2020-B | | 0.560%, $7,639,997 par, due 10/15/2024 | | (1) | | 7,639,661 | |
| | | | Ford Credit Auto Owner Trust 2021-A | | 0.300%, $4,115,000 par, due 8/15/2025 | | (1) | | 4,087,841 | |
| | | | Fortune Brands Home & Security Inc | | 4.000%, $757,000 par, due 9/21/2023 | | (1) | | 793,141 | |
| | | | Freddie Mac Gold Pool | | 2.500%, $44,089 par, due 7/1/2023 | | (1) | | 45,594 | |
| | | | Freddie Mac Gold Pool | | 3.000%, $232,788 par, due 10/1/2026 | | (1) | | 244,308 | |
| | | | Freddie Mac Gold Pool | | 5.500%, $94,560 par, due 12/1/2033 | | (1) | | 104,172 | |
| | | | Freddie Mac Gold Pool | | 6.000%, $1,237,127 par, due 8/1/2038 | | (1) | | 1,435,582 | |
| | | | Freddie Mac Gold Pool | | 6.000%, $613,895 par, due 8/1/2038 | | (1) | | 712,361 | |
| | | | Freddie Mac Gold Pool | | 3.000%, $1,073,880 par, due 8/1/2027 | | (1) | | 1,126,016 | |
| | | | Freddie Mac Multifam Struct PT Cert | | 0.744%, $14,185 par, due 1/25/2023 | | (1) | | 14,194 | |
| | | | Freddie Mac Multifam Struct PT Cert | | 2.791%, $54,015 par, due 1/25/2022 | | (1) | | 53,999 | |
| | | | Freddie Mac Multifam Struct PT Cert | | 2.615%, $11,470,000 par, due 1/25/2023 | | (1) | | 11,693,527 | |
| | | | Freddie Mac Multifam Struct PT Cert | | 2.807%, $234,386 par, due 1/25/2046 | | (1) | | 234,342 | |
| | | | Freddie Mac Non Gold Pool | | 2.145%, $310,871 par, due 9/1/2037 | | (1) | | 328,178 | |
| | | | Freddie Mac Non Gold Pool | | 1.765%, $45,879 par, due 6/1/2036 | | (1) | | 45,998 | |
| | | | Freddie Mac Non Gold Pool | | 1.669%, $123,446 par, due 8/1/2035 | | (1) | | 123,524 | |
| | | | Freddie Mac Non Gold Pool | | 2.151%, $379,006 par, due 4/1/2038 | | (1) | | 399,387 | |
| | | | Freddie Mac Non Gold Pool | | 1.995%, $39,429 par, due 5/1/2038 | | (1) | | 40,912 | |
| | | | Freddie Mac Non Gold Pool | | 2.057%, $33,330 par, due 1/1/2041 | | (1) | | 34,605 | |
| | | | Freddie Mac Non Gold Pool | | 2.125%, $39,162 par, due 2/1/2042 | | (1) | | 41,111 | |
| | | | Freddie Mac Non Gold Pool | | 2.000%, $129,865 par, due 5/1/2042 | | (1) | | 130,169 | |
| | | | Freddie Mac Non Gold Pool | | 2.000%, $9,890 par, due 6/1/2042 | | (1) | | 9,913 | |
| | | | Freddie Mac Non Gold Pool | | 2.000%, $25,495 par, due 6/1/2042 | | (1) | | 26,461 | |
| | | | Freddie Mac Non Gold Pool | | 2.000%, $70,582 par, due 7/1/2042 | | (1) | | 73,280 | |
| | | | Freddie Mac Non Gold Pool | | 2.000%, $16,489 par, due 8/1/2042 | | (1) | | 16,538 | |
| | | | Freddie Mac Non Gold Pool | | 2.000%, $191,091 par, due 9/1/2042 | | (1) | | 199,887 | |
| | | | Freddie Mac Non Gold Pool | | 1.890%, $189,698 par, due 8/1/2043 | | (1) | | 197,775 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Freddie Mac Non Gold Pool | | 1.850%, $487,586 par, due 10/1/2043 | | (1) | | $ | 507,425 | |
| | | | Freddie Mac Non Gold Pool | | 1.850%, $264,957 par, due 5/1/2044 | | (1) | | 275,112 | |
| | | | Freddie Mac Non Gold Pool | | 1.850%, $230,099 par, due 8/1/2044 | | (1) | | 238,433 | |
| | | | Freddie Mac Non Gold Pool | | 1.898%, $314,978 par, due 12/1/2044 | | (1) | | 325,877 | |
| | | | Freddie Mac Non Gold Pool | | 2.600%, $256,977 par, due 1/1/2045 | | (1) | | 266,489 | |
| | | | Freddie Mac Non Gold Pool | | 2.641%, $418,943 par, due 5/1/2045 | | (1) | | 434,515 | |
| | | | Freddie Mac Non Gold Pool | | 2.619%, $47,743 par, due 6/1/2045 | | (1) | | 49,528 | |
| | | | Freddie Mac Non Gold Pool | | 3.212%, $1,493,560 par, due 7/1/2049 | | (1) | | 1,543,584 | |
| | | | Freddie Mac Non Gold Pool | | 2.790%, $177,128 par, due 5/1/2047 | | (1) | | 183,088 | |
| | | | Freddie Mac Non Gold Pool | | 3.483%, $553,318 par, due 5/1/2048 | | (1) | | 576,945 | |
| | | | Freddie Mac Non Gold Pool | | 2.926%, $401,966 par, due 11/1/2047 | | (1) | | 416,601 | |
| | | | Freddie Mac Non Gold Pool | | 2.489%, $105,927 par, due 11/1/2046 | | (1) | | 109,059 | |
| | | | Freddie Mac Non Gold Pool | | 2.184%, $1,145,687 par, due 1/1/2047 | | (1) | | 1,174,132 | |
| | | | Freddie Mac Non Gold Pool | | 3.017%, $137,060 par, due 8/1/2047 | | (1) | | 142,474 | |
| | | | Freddie Mac Non Gold Pool | | 2.548%, $321,458 par, due 10/1/2047 | | (1) | | 331,265 | |
| | | | Freddie Mac Non Gold Pool | | 2.917%, $96,285 par, due 7/1/2047 | | (1) | | 99,880 | |
| | | | Freddie Mac Non Gold Pool | | 2.249%, $100,053 par, due 10/1/2046 | | (1) | | 102,683 | |
| | | | Freddie Mac Non Gold Pool | | 2.380%, $1,745,120 par, due 10/1/2046 | | (1) | | 1,791,280 | |
| | | | Freddie Mac Non Gold Pool | | 2.421%, $799,814 par, due 10/1/2046 | | (1) | | 821,470 | |
| | | | Freddie Mac Non Gold Pool | | 2.384%, $1,077,215 par, due 7/1/2045 | | (1) | | 1,115,780 | |
| | | | Freddie Mac Non Gold Pool | | 1.850%, $49,868 par, due 8/1/2045 | | (1) | | 51,522 | |
| | | | Freddie Mac Non Gold Pool | | 2.411%, $1,531,481 par, due 8/1/2045 | | (1) | | 1,587,598 | |
| | | | Freddie Mac Non Gold Pool | | 2.704%, $120,576 par, due 8/1/2045 | | (1) | | 125,228 | |
| | | | Freddie Mac Non Gold Pool | | 1.870%, $106,747 par, due 9/1/2045 | | (1) | | 110,333 | |
| | | | Freddie Mac Non Gold Pool | | 1.880%, $126,639 par, due 10/1/2045 | | (1) | | 130,849 | |
| | | | Freddie Mac Non Gold Pool | | 2.595%, $543,684 par, due 11/1/2045 | | (1) | | 564,990 | |
| | | | Freddie Mac Non Gold Pool | | 1.995%, $581,847 par, due 2/1/2046 | | (1) | | 602,342 | |
| | | | Freddie Mac Non Gold Pool | | 2.350%, $270,181 par, due 12/1/2042 | | (1) | | 282,252 | |
| | | | Freddie Mac Non Gold Pool | | 2.864%, $906,779 par, due 6/1/2047 | | (1) | | 940,099 | |
| | | | Freddie Mac Non Gold Pool | | 2.725%, $2,352,282 par, due 11/1/2045 | | (1) | | 2,446,536 | |
| | | | Freddie Mac Pool | | 3.000%, $1,570,433 par, due 7/1/2034 | | (1) | | 1,649,632 | |
| | | | Freddie Mac Pool | | 3.000%, $3,434,825 par, due 1/1/2035 | | (1) | | 3,616,023 | |
| | | | Freddie Mac REMICS | | 3.500%, $13,009 par, due 4/15/2041 | | (1) | | 13,200 | |
| | | | Freddie Mac REMICS | | 3.000%, $23,395 par, due 12/15/2044 | | (1) | | 24,501 | |
| | | | Freddie Mac Struct PT Cert | | 5.231%, $2,062,785 par, due 5/25/2043 | | (1) | | 2,320,691 | |
| | | | General Dynamics Corp | | 3.250%, $2,710,000 par, due 4/1/2025 | | (1) | | 2,865,554 | |
| | | | General Mills Inc | | 3.700%, $480,000 par, due 10/17/2023 | | (1) | | 502,311 | |
| | | | General Mills Inc | | 2.600%, $775,000 par, due 10/12/2022 | | (1) | | 786,422 | |
| | | | General Motors Financial Co Inc | | 1.200%, $1,510,000 par, due 10/15/2024 | | (1) | | 1,499,225 | |
| | | | General Motors Financial Co Inc | | 3.550%, $750,000 par, due 7/8/2022 | | (1) | | 760,892 | |
| | | | Georgia-Pacific LLC | | 1.750%, $1,755,000 par, due 9/30/2025 | | (1) | | 1,762,692 | |
| | | | GGlaxoSmithKline Capital PLC | | 0.534%, $860,000 par, due 10/1/2023 | | (1) | | 856,797 | |
| | | | Gilead Sciences Inc | | 0.750%, $744,000 par, due 9/29/2023 | | (1) | | 740,945 | |
| | | | Ginnie Mae II pool | | 2.125%, $17,281 par, due 12/20/2045 | | (1) | | 17,873 | |
| | | | Ginnie Mae II pool | | 2.000%, $60,812 par, due 3/20/2042 | | (1) | | 63,586 | |
| | | | Ginnie Mae II pool | | 1.875%, $203,549 par, due 4/20/2042 | | (1) | | 211,617 | |
| | | | Ginnie Mae II pool | | 2.125%, $115,527 par, due 10/20/2045 | | (1) | | 119,491 | |
| | | | Ginnie Mae II Pool | | 4.056%, $4,597 par, due 12/20/2066 | | (1) | | 4,734 | |
| | | | Ginnie Mae II Pool | | 4.065%, $1,982 par, due 1/20/2067 | | (1) | | 2,041 | |
| | | | Ginnie Mae II pool | | 4.740%, $768 par, due 6/20/2061 | | (1) | | 842 | |
| | | | Ginnie Mae II pool | | 1.480%, $297,778 par, due 6/20/2058 | | (1) | | 302,681 | |
| | | | Ginnie Mae II pool | | 5.470%, $2,151 par, due 8/20/2059 | | (1) | | 2,157 | |
| | | | Ginnie Mae II pool | | 0.711%, $2,988,768 par, due 5/20/2058 | | (1) | | 3,019,202 | |
| | | | GlaxoSmithKline Capital PLC | | 2.850%, $740,000 par, due 5/8/2022 | | (1) | | 746,299 | |
| | | | GM Financial Automobile Leasing Trust 2020-2 | | 0.710%, $71,247 par, due 10/20/2022 | | (1) | | 71,261 | |
| | | | GM Financial Automobile Leasing Trust 2020-3 | | 0.450%, $4,545,000 par, due 8/21/2023 | | (1) | | 4,545,623 | |
| | | | GM Financial Automobile Leasing Trust 2021-3 | | 0.390%, $3,035,000 par, due 10/21/2024 | | (1) | | 3,005,910 | |
| | | | GM Financial Consumer Auto Rec Trust 2020-3 | | 0.450%, $11,020,000 par, due 4/16/2025 | | (1) | | 10,999,128 | |
| | | | GM Financial Consumer Auto Rec Trust 2021-1 | | 0.350%, $6,130,000 par, due 10/16/2025 | | (1) | | 6,091,056 | |
| | | | GM Financial Consumer Automobile Rec Trust 2019-3 | | 2.180%, $870,487 par, due 4/16/2024 | | (1) | | 876,018 | |
| | | | GM Financial Consumer Automobile Rec Trust 2020-1 | | 1.840%, $1,713,983 par, due 9/16/2024 | | (1) | | 1,728,110 | |
| | | | GM Financial Leasing Trust | | 0.260%, $3,510,000 par, due 2/20/2024 | | (1) | | 3,499,038 | |
| | | | GNMA | | 1.081%, $2,542,150 par, due 12/20/2066 | | (1) | | 2,589,612 | |
| | | | GNMA | | 0.731%, $2,553,728 par, due 10/20/2065 | | (1) | | 2,573,736 | |
| | | | Goldman Sachs Group Inc/The | | 0.925%, $2,470,000 par, due 10/21/2024 | | (1) | | 2,459,646 | |
| | | | Goldman Sachs Group Inc/The | | 0.627%, $790,000 par, due 11/17/2023 | | (1) | | 787,995 | |
| | | | Goldman Sachs Group Inc/The | | 1.124%, $179,000 par, due 7/24/2023 | | (1) | | 179,595 | |
| | | | Goldman Sachs Group Inc/The | | 3.750%, $1,300,000 par, due 5/22/2025 | | (1) | | 1,387,914 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Goldman Sachs Group Inc/The | | 3.272%, $1,445,000 par, due 9/29/2025 | | (1) | | $ | 1,516,478 | |
| | | | Goldman Sachs Group Inc/The | | 3.500%, $1,000,000 par, due 1/23/2025 | | (1) | | 1,054,105 | |
| | | | Goldman Sachs Group Inc/The | | 3.625%, $1,147,000 par, due 2/20/2024 | | (1) | | 1,203,461 | |
| | | | Goldman Sachs Group Inc/The | | 0.657%, $1,570,000 par, due 9/10/2024 | | (1) | | 1,556,986 | |
| | | | Goldman Sachs Group Inc/The | | 1.217%, $1,550,000 par, due 12/6/2023 | | (1) | | 1,553,553 | |
| | | | Government National Mortgage Association | | 0.981%, $1,213,373 par, due 1/20/2066 | | (1) | | 1,231,786 | |
| | | | Green Bay Area Public School District | | 2.050%, $2,040,000 par, due 4/1/2023 | | (1) | | 2,073,028 | |
| | | | GS Mortgage Securities Corp II | | 2.943%, $6,800,000 par, due 2/10/2046 | | (1) | | 6,913,444 | |
| | | | GS Mortgage Securities Trust 2012-GCJ9 | | 2.773%, $3,495,193 par, due 11/10/2045 | | (1) | | 3,539,593 | |
| | | | GS Mortgage Securities Trust 2012-GCJ9 | | 2.368%, $401,702 par, due 11/10/2045 | | (1) | | 402,884 | |
| | | | GS Mortgage Securities Trust 2013-GC16 | | 4.271%, $576,000 par, due 11/10/2046 | | (1) | | 602,850 | |
| | | | GSMS 2012-GCJ7 A4 9.2-Yr CMBS | | 3.377%, $158,373 par, due 5/10/2045 | | (1) | | 158,339 | |
| | | | Gulfstream Natural Gas System LLC | | 6.190%, $550,000 par, due 11/1/2025 | | (1) | | 633,340 | |
| | | | Halliburton Co | | 3.800%, $430,000 par, due 11/15/2025 | | (1) | | 462,465 | |
| | | | Halliburton Co | | 3.500%, $18,000 par, due 8/1/2023 | | (1) | | 18,585 | |
| | | | Harlandale Independent School District | | 5.000%, $1,880,000 par, due 8/15/2022 | | (1) | | 1,932,884 | |
| | | | Harley-Davidson Motorcycle Trust 2021-B | | 0.560%, $3,015,000 par, due 11/16/2026 | | (1) | | 2,985,963 | |
| | | | Health Care Service Corp A Mutual Legal Reserve Co | | 1.500%, $1,950,000 par, due 6/1/2025 | | (1) | | 1,946,439 | |
| | | | Hewlett Packard Enterprise Co | | 4.450%, $1,435,000 par, due 10/2/2023 | | (1) | | 1,514,363 | |
| | | | Hewlett Packard Enterprise Co | | 2.250%, $950,000 par, due 4/1/2023 | | (1) | | 964,500 | |
| | | | HNA 2015 LLC | | 2.291%, $1,628,727 par, due 6/30/2027 | | (1) | | 1,675,089 | |
| | | | Honda Auto Receivables 2019-4 Owner Trust | | 1.830%, $2,089,264 par, due 1/18/2024 | | (1) | | 2,104,503 | |
| | | | Honda Auto Receivables 2020-2 Owner Trust | | 0.820%, $5,553,431 par, due 7/15/2024 | | (1) | | 5,563,355 | |
| | | | Honda Auto Receivables 2020-3 Owner Trust | | 0.370%, $4,365,000 par, due 10/18/2024 | | (1) | | 4,352,800 | |
| | | | Honda Auto Receivables 2021-1 Owner Trust | | 0.270%, $3,540,000 par, due 4/21/2025 | | (1) | | 3,521,114 | |
| | | | Honda Auto Receivables 2021-4 Owner Trust | | 0.880%, $1,380,000 par, due 1/21/2026 | | (1) | | 1,376,670 | |
| | | | HP Inc | | 1.450%, $1,000,000 par, due 6/17/2026 | | (1) | | 980,751 | |
| | | | HPEFS Equipment Trust | | 0.690%, $4,810,000 par, due 7/22/2030 | | (1) | | 4,814,127 | |
| | | | HPEFS Equipment Trust 2021-1 | | 0.270%, $4,459,483 par, due 3/20/2031 | | (1) | | 4,455,077 | |
| | | | HPEFS Equipment Trust 2021-2 | | 0.360%, $2,850,000 par, due 9/20/2028 | | (1) | | 2,828,636 | |
| | | | HSBC Holdings PLC | | 2.099%, $580,000 par, due 6/4/2026 | | (1) | | 584,011 | |
| | | | HSBC Holdings PLC | | 2.251%, $2,010,000 par, due 11/22/2027 | | (1) | | 2,017,115 | |
| | | | HSBC Holdings PLC | | 1.589%, $1,560,000 par, due 5/24/2027 | | (1) | | 1,526,424 | |
| | | | HSBC Holdings PLC | | 0.976%, $1,600,000 par, due 5/24/2025 | | (1) | | 1,580,955 | |
| | | | HSBC Holdings PLC | | 1.160%, $770,000 par, due 5/18/2024 | | (1) | | 777,187 | |
| | | | HSBC Holdings PLC | | 3.262%, $587,000 par, due 3/13/2023 | | (1) | | 589,777 | |
| | | | HSBC Holdings PLC | | 3.803%, $238,000 par, due 3/11/2025 | | (1) | | 249,793 | |
| | | | HSBC Holdings PLC | | 0.732%, $1,210,000 par, due 8/17/2024 | | (1) | | 1,199,404 | |
| | | | Huntington Bancshares Inc/OH | | 2.625%, $450,000 par, due 8/6/2024 | | (1) | | 463,475 | |
| | | | Huntington National Bank/The | | 3.550%, $319,000 par, due 10/6/2023 | | (1) | | 332,980 | |
| | | | Hyundai Auto Lease Securitization Trust 2021-C | | 0.380%, $4,650,000 par, due 9/16/2024 | | (1) | | 4,611,921 | |
| | | | Hyundai Auto Receivables Trust 2020-A | | 1.410%, $4,625,000 par, due 11/15/2024 | | (1) | | 4,655,752 | |
| | | | Hyundai Auto Receivables Trust 2020-B | | 0.480%, $5,995,000 par, due 12/16/2024 | | (1) | | 5,992,560 | |
| | | | Hyundai Auto Receivables Trust 2021-C | | 0.740%, $1,415,000 par, due 5/15/2026 | | (1) | | 1,405,299 | |
| | | | Intel Corp | | 3.400%, $2,855,000 par, due 3/25/2025 | | (1) | | 3,035,921 | |
| | | | International Business Machines Corp | | 3.000%, $418,000 par, due 5/15/2024 | | (1) | | 436,725 | |
| | | | Interstate Power and Light Co | | 3.250%, $1,780,000 par, due 12/1/2024 | | (1) | | 1,868,954 | |
| | | | Interstate Power and Light Co | | 3.400%, $1,040,000 par, due 8/15/2025 | | (1) | | 1,098,273 | |
| | | | J Paul Getty Trust/The | | 0.391%, $2,595,000 par, due 1/1/2024 | | (1) | | 2,565,222 | |
| | | | John Deere Owner Trust 2019-A | | 2.910%, $316,591 par, due 7/17/2023 | | (1) | | 318,319 | |
| | | | John Deere Owner Trust 2019-B | | 2.210%, $678,725 par, due 12/15/2023 | | (1) | | 683,196 | |
| | | | John Deere Owner Trust 2020 | | 1.100%, $2,801,547 par, due 8/15/2024 | | (1) | | 2,811,403 | |
| | | | John Deere Owner Trust 2020-B | | 0.510%, $3,260,000 par, due 11/15/2024 | | (1) | | 3,255,009 | |
| | | | John Deere Owner Trust 2021 | | 0.360%, $5,535,000 par, due 9/15/2025 | | (1) | | 5,490,222 | |
| | | | John Deere Owner Trust 2021-B | | 0.520%, $2,065,000 par, due 3/16/2026 | | (1) | | 2,041,469 | |
| | | | JPMBB Comml Mtg Sec Tr | | 3.157%, $259,512 par, due 7/15/2045 | | (1) | | 260,815 | |
| | | | JPMBB Comml Mtg Sec Tr | | 3.761%, $591,283 par, due 8/15/2046 | | (1) | | 606,077 | |
| | | | JPMorgan Chase & Co | | 0.969%, $3,061,000 par, due 6/23/2025 | | (1) | | 3,031,798 | |
| | | | JPMorgan Chase & Co | | 1.561%, $1,930,000 par, due 12/10/2025 | | (1) | | 1,933,005 | |
| | | | JPMorgan Chase & Co | | 3.797%, $99,000 par, due 7/23/2024 | | (1) | | 103,185 | |
| | | | JPMorgan Chase & Co | | 3.220%, $2,170,000 par, due 3/1/2025 | | (1) | | 2,256,236 | |
| | | | JPMorgan Chase & Co | | 1.514%, $3,380,000 par, due 6/1/2024 | | (1) | | 3,405,955 | |
| | | | JPMorgan Chase & Co | | 0.824%, $1,590,000 par, due 6/1/2025 | | (1) | | 1,571,737 | |
| | | | JPMorgan Chase & Co | | 0.768%, $930,000 par, due 8/9/2025 | | (1) | | 915,452 | |
| | | | JPMorgan Chase & Co | | 4.023%, $1,280,000 par, due 12/5/2024 | | (1) | | 1,349,746 | |
| | | | JPMorgan Chase & Co | | 3.207%, $1,410,000 par, due 4/1/2023 | | (1) | | 1,418,422 | |
| | | | JPMorgan Chase & Co | | 1.014%, $670,000 par, due 7/23/2024 | | (1) | | 676,137 | |
| | | | JPMorgan Chase Comml Mtg Sec Tr | | 3.414%, $164,462 par, due 1/15/2046 | | (1) | | 167,259 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | JPMorgan Chase Comml Mtg Sec Tr | | 4.166%, $630,000 par, due 12/15/2046 | | (1) | | $ | 658,398 | |
| | | | JPMorgan Chase Comml Mtg Sec Tr 2013-C13 | | 3.994%, $3,604,579 par, due 1/15/2046 | | (1) | | 3,724,471 | |
| | | | JPMorgan Comm Mtg Sec Tr | | 3.483%, $157,211 par, due 6/15/2045 | | (1) | | 158,107 | |
| | | | JPMorgan Comm Mtg Sec Tr | | 1.409%, $58,725 par, due 6/15/2045 | | (1) | | 58,780 | |
| | | | Kaiser Foundation Hospitals | | 3.500%, $3,675,000 par, due 4/1/2022 | | (1) | | 3,699,564 | |
| | | | Keller Independent School District/TX | | 0.000%, $3,305,000 par, due 2/15/2025 | | (1) | | 3,163,513 | |
| | | | Kentucky Utilities Co | | 3.300%, $1,100,000 par, due 10/1/2025 | | (1) | | 1,160,144 | |
| | | | KLA Corp | | 4.650%, $1,556,000 par, due 11/1/2024 | | (1) | | 1,687,255 | |
| | | | Kubota Credit Owner Trust 2021-1 | | 0.620%, $3,210,000 par, due 8/15/2025 | | (1) | | 3,180,526 | |
| | | | Lake Central Multi-District School Building Corp | | 0.983%, $1,000,000 par, due 1/15/2025 | | (1) | | 994,170 | |
| | | | Lake Central Multi-District School Building Corp | | 1.053%, $1,200,000 par, due 7/15/2025 | | (1) | | 1,189,872 | |
| | | | Leland Stanford Junior Uni Board of Trustees | | 6.875%, $1,185,000 par, due 2/1/2024 | | (1) | | 1,325,110 | |
| | | | Lennox International Inc | | 1.350%, $1,200,000 par, due 8/1/2025 | | (1) | | 1,185,078 | |
| | | | Lincoln Airport Authority | | 2.123%, $500,000 par, due 7/1/2022 | | (1) | | 503,980 | |
| | | | Lincoln Airport Authority | | 2.303%, $500,000 par, due 7/1/2023 | | (1) | | 510,400 | |
| | | | Lowe's Cos Inc | | 4.000%, $1,270,000 par, due 4/15/2025 | | (1) | | 1,373,946 | |
| | | | M&T Bank Corp | | 0.805%, $512,000 par, due 7/26/2023 | | (1) | | 515,668 | |
| | | | Marathon Petroleum Corp | | 4.700%, $2,150,000 par, due 5/1/2025 | | (1) | | 2,346,418 | |
| | | | Marsh & McLennan Cos Inc | | 3.300%, $800,000 par, due 3/14/2023 | | (1) | | 821,045 | |
| | | | Marsh & McLennan Cos Inc | | 3.875%, $420,000 par, due 3/15/2024 | | (1) | | 444,277 | |
| | | | Martin Marietta Materials Inc | | 0.650%, $1,050,000 par, due 7/15/2023 | | (1) | | 1,046,319 | |
| | | | Martin Marietta Materials Inc | | 4.250%, $520,000 par, due 7/2/2024 | | (1) | | 553,902 | |
| | | | MassMutual Global Funding II | | 2.950%, $815,000 par, due 1/11/2025 | | (1) | | 854,157 | |
| | | | McCormick & Co Inc/MD | | 2.700%, $2,797,000 par, due 8/15/2022 | | (1) | | 2,825,971 | |
| | | | McDonald's Corp | | 3.350%, $886,000 par, due 4/1/2023 | | (1) | | 912,139 | |
| | | | McDonald's Corp | | 3.300%, $690,000 par, due 7/1/2025 | | (1) | | 731,762 | |
| | | | Mercedes-Benz Auto Lease Trust 2020-A | | 1.840%, $1,342,646 par, due 12/15/2022 | | (1) | | 1,346,223 | |
| | | | Mercedes-Benz Auto Receivables Trust 2020-1 | | 0.550%, $5,065,000 par, due 2/18/2025 | | (1) | | 5,062,143 | |
| | | | METLIFE SECURITIZATION TRUST 2019-1 | | 3.750%, $165,674 par, due 4/25/2058 | | (1) | | 169,675 | |
| | | | Metropolitan Life Global Funding I | | 3.600%, $260,000 par, due 1/11/2024 | | (1) | | 273,396 | |
| | | | Michigan Finance Authority | | 0.602%, $2,272,125 par, due 7/25/2061 | | (1) | | 2,261,855 | |
| | | | Microchip Technology Inc | | 4.333%, $220,000 par, due 6/1/2023 | | (1) | | 229,335 | |
| | | | Mill City Mortgage Loan Trust 2017-1 | | 2.750%, $112,710 par, due 11/25/2058 | | (1) | | 113,043 | |
| | | | Missouri Higher Education Loan Authority | | 0.852%, $3,012,846 par, due 1/25/2061 | | (1) | | 3,020,228 | |
| | | | Missouri Higher Education Loan Authority | | 0.802%, $5,331,741 par, due 3/25/2061 | | (1) | | 5,336,059 | |
| | | | Mitsubishi UFJ Financial Group Inc | | 1.412%, $1,260,000 par, due 7/17/2025 | | (1) | | 1,253,445 | |
| | | | Mitsubishi UFJ Financial Group Inc | | 0.953%, $3,370,000 par, due 7/19/2025 | | (1) | | 3,329,331 | |
| | | | Mitsubishi UFJ Financial Group Inc | | 0.962%, $780,000 par, due 10/11/2025 | | (1) | | 769,068 | |
| | | | Mitsubishi UFJ Financial Group Inc | | 0.848%, $1,480,000 par, due 9/15/2024 | | (1) | | 1,472,825 | |
| | | | MMAF Equipment Finance LLC 2019-A | | 2.840%, $602,586 par, due 11/13/2023 | | (1) | | 606,997 | |
| | | | MMAF Equipment Finance LLC 2019-B | | 2.010%, $4,385,000 par, due 12/12/2024 | | (1) | | 4,432,893 | |
| | | | MMAF Equipment Finance LLC 2020-A | | 0.970%, $4,125,000 par, due 4/9/2027 | | (1) | | 4,084,835 | |
| | | | MMAF Equipment Finance LLC 2021-A | | 0.560%, $3,580,000 par, due 6/13/2028 | | (1) | | 3,528,881 | |
| | | | MO State Higher Ed Std Asst | | 1.104%, $499,320 par, due 5/20/2030 | | (1) | | 500,704 | |
| | | | Mondelez International Holdings Netherlands BV | | 2.125%, $1,225,000 par, due 9/19/2022 | | (1) | | 1,237,847 | |
| | | | Mondelez International Holdings Netherlands BV | | 2.250%, $560,000 par, due 9/19/2024 | | (1) | | 572,659 | |
| | | | Mondelez International Holdings Netherlands BV | | 0.750%, $1,470,000 par, due 9/24/2024 | | (1) | | 1,445,648 | |
| | | | Monongahela Power Co | | 4.100%, $1,103,000 par, due 4/15/2024 | | (1) | | 1,160,523 | |
| | | | Morgan Stanley | | 0.790%, $1,550,000 par, due 5/30/2025 | | (1) | | 1,530,036 | |
| | | | Morgan Stanley | | 0.731%, $860,000 par, due 4/5/2024 | | (1) | | 857,399 | |
| | | | Morgan Stanley | | 0.791%, $3,120,000 par, due 1/22/2025 | | (1) | | 3,088,778 | |
| | | | Morgan Stanley | | 1.164%, $1,230,000 par, due 10/21/2025 | | (1) | | 1,220,555 | |
| | | | Morgan Stanley | | 3.750%, $2,000,000 par, due 2/25/2023 | | (1) | | 2,068,718 | |
| | | | Morgan Stanley | | 3.875%, $1,507,000 par, due 4/29/2024 | | (1) | | 1,597,845 | |
| | | | Morgan Stanley | | 3.125%, $800,000 par, due 1/23/2023 | | (1) | | 820,310 | |
| | | | Morgan Stanley BAML Trust | | 3.824%, $102,133 par, due 10/15/2046 | | (1) | | 104,175 | |
| | | | Morgan Stanley BAML Trust 2014-C15 | | 4.051%, $945,000 par, due 4/15/2047 | | (1) | | 991,928 | |
| | | | MPLX LP | | 3.375%, $730,000 par, due 3/15/2023 | | (1) | | 748,608 | |
| | | | Multnomah County School District No 1 Portland/OR | | 0.300%, $3,000,000 par, due 6/30/2022 | | (1) | | 2,999,730 | |
| | | | Nature Conservancy/The | | 0.467%, $850,000 par, due 7/1/2023 | | (1) | | 842,856 | |
| | | | Nature Conservancy/The | | 0.367%, $1,100,000 par, due 7/1/2022 | | (1) | | 1,097,186 | |
| | | | Navient Private Education Refi Loan Trust 2021-E | | 0.970%, $3,351,800 par, due 12/16/2069 | | (1) | | 3,295,178 | |
| | | | Navient Private Education Refi Loan Trust 2021-G | | 1.580%, $4,740,000 par, due 4/15/2070 | | (1) | | 4,723,197 | |
| | | | Navient Student Loan Trust 2016-6 | | 0.853%, $886,192 par, due 3/25/2066 | | (1) | | 887,670 | |
| | | | Navient Student Loan Trust 2021-1 | | 0.702%, $3,776,287 par, due 12/26/2069 | | (1) | | 3,778,444 | |
| | | | NC State Edu Asst Auth | | 0.603%, $68,047 par, due 12/26/2039 | | (1) | | 67,627 | |
| | | | Nelnet Student Loan Trust 2021-A | | 1.360%, $4,046,249 par, due 4/20/2062 | | (1) | | 3,975,799 | |
| | | | Nelnet Student Loan Trust 2021-A | | 0.904%, $2,454,144 par, due 4/20/2062 | | (1) | | 2,458,358 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Nelnet Student Loan Trust 2021-C | | 0.844%, $2,995,622 par, due 4/20/2062 | | (1) | | $ | 3,002,706 | |
| | | | Nelnet Student Loan Trust 2021-D | | 0.794%, $5,513,927 par, due 4/20/2062 | | (1) | | 5,508,716 | |
| | | | Nestle Holdings Inc | | 0.606%, $2,260,000 par, due 9/14/2024 | | (1) | | 2,228,093 | |
| | | | New York Life Global Funding | | 2.875%, $2,295,000 par, due 4/10/2024 | | (1) | | 2,388,076 | |
| | | | New York Life Global Funding | | 2.000%, $730,000 par, due 1/22/2025 | | (1) | | 745,369 | |
| | | | New York State Dormitory Authority | | 0.887%, $1,885,000 par, due 3/15/2025 | | (1) | | 1,858,949 | |
| | | | NextEra Energy Capital Holdings Inc | | 0.650%, $1,230,000 par, due 3/1/2023 | | (1) | | 1,227,599 | |
| | | | NIKE Inc | | 2.400%, $615,000 par, due 3/27/2025 | | (1) | | 636,945 | |
| | | | Nissan Auto Lease Trust 2020-A | | 1.840%, $2,869,561 par, due 1/17/2023 | | (1) | | 2,878,296 | |
| | | | Nissan Auto Lease Trust 2020-B | | 0.430%, $4,835,000 par, due 10/16/2023 | | (1) | | 4,835,542 | |
| | | | Nissan Auto Receivables 2018-B Owner Trust | | 3.060%, $48,076 par, due 3/15/2023 | | (1) | | 48,175 | |
| | | | Nissan Auto Receivables 2019-A Owner Trust | | 2.900%, $814,129 par, due 10/16/2023 | | (1) | | 819,885 | |
| | | | North Carolina State Education Assistance Auth | | 0.903%, $2,629,230 par, due 7/25/2039 | | (1) | | 2,640,326 | |
| | | | Northern States Power Co/MN | | 2.600%, $277,000 par, due 5/15/2023 | | (1) | | 281,116 | |
| | | | Northrop Grumman Corp | | 2.930%, $2,170,000 par, due 1/15/2025 | | (1) | | 2,261,294 | |
| | | | Northstar Edu Fin Inc | | 0.803%, $953,509 par, due 12/26/2031 | | (1) | | 953,919 | |
| | | | NorthWestern Corp | | 1.000%, $1,220,000 par, due 3/26/2024 | | (1) | | 1,193,979 | |
| | | | Northwestern Mutual Global Funding | | 0.800%, $1,420,000 par, due 1/14/2026 | | (1) | | 1,379,759 | |
| | | | Northwestern Mutual Global Funding | | 0.600%, $830,000 par, due 3/25/2024 | | (1) | | 819,935 | |
| | | | NTT Finance Corp | | 1.162%, $1,340,000 par, due 4/3/2026 | | (1) | | 1,315,315 | |
| | | | NTT Finance Corp | | 0.583%, $750,000 par, due 3/1/2024 | | (1) | | 741,425 | |
| | | | Nutrien Ltd | | 1.900%, $910,000 par, due 5/13/2023 | | (1) | | 921,702 | |
| | | | Oklahoma Gas and Electric Co | | 0.553%, $710,000 par, due 5/26/2023 | | (1) | | 705,368 | |
| | | | Oklahoma Water Resources Board | | 1.884%, $2,565,000 par, due 4/1/2024 | | (1) | | 2,619,096 | |
| | | | Oklahoma Water Resources Board | | 0.700%, $1,610,000 par, due 10/1/2024 | | (1) | | 1,594,383 | |
| | | | Oncor Electric Delivery Co LLC | | 0.550%, $1,240,000 par, due 10/1/2025 | | (1) | | 1,194,212 | |
| | | | Oncor Electric Delivery Co LLC | | 2.750%, $2,358,000 par, due 6/1/2024 | | (1) | | 2,444,631 | |
| | | | Oracle Corp | | 1.650%, $2,180,000 par, due 3/25/2026 | | (1) | | 2,164,016 | |
| | | | Oracle Corp | | 2.500%, $2,380,000 par, due 4/1/2025 | | (1) | | 2,436,742 | |
| | | | Oracle Corp | | 2.625%, $700,000 par, due 2/15/2023 | | (1) | | 712,506 | |
| | | | Otis Worldwide Corp | | 2.056%, $670,000 par, due 4/5/2025 | | (1) | | 681,413 | |
| | | | Otis Worldwide Corp | | 0.583%, $1,030,000 par, due 4/5/2023 | | (1) | | 1,030,028 | |
| | | | PA State Higher Ed Asst | | 1.224%, $292,277 par, due 1/25/2028 | | (1) | | 292,742 | |
| | | | Pacific Life Global Funding II | | 1.200%, $2,335,000 par, due 6/24/2025 | | (1) | | 2,306,947 | |
| | | | PacifiCorp | | 2.950%, $640,000 par, due 6/1/2023 | | (1) | | 655,190 | |
| | | | PacifiCorp | | 3.600%, $225,000 par, due 4/1/2024 | | (1) | | 235,835 | |
| | | | PacifiCorp | | 3.350%, $1,500,000 par, due 7/1/2025 | | (1) | | 1,582,040 | |
| | | | Packaging Corp of America | | 3.650%, $1,695,000 par, due 9/15/2024 | | (1) | | 1,790,464 | |
| | | | Parker-Hannifin Corp | | 3.500%, $630,000 par, due 9/15/2022 | | (1) | | 643,000 | |
| | | | Parker-Hannifin Corp | | 3.300%, $1,440,000 par, due 11/21/2024 | | (1) | | 1,510,976 | |
| | | | Parker-Hannifin Corp | | 2.700%, $456,000 par, due 6/14/2024 | | (1) | | 471,197 | |
| | | | PeaceHealth Obligated Group | | 1.375%, $1,715,000 par, due 11/15/2025 | | (1) | | 1,704,516 | |
| | | | PerkinElmer Inc | | 0.850%, $1,440,000 par, due 9/15/2024 | | (1) | | 1,419,814 | |
| | | | PerkinElmer Inc | | 0.550%, $1,440,000 par, due 9/15/2023 | | (1) | | 1,427,943 | |
| | | | Petroleos Mexicanos | | 0.474%, $346,500 par, due 4/15/2025 | | (1) | | 346,589 | |
| | | | Petroleos Mexicanos | | 0.585%, $1,018,125 par, due 2/15/2024 | | (1) | | 1,018,531 | |
| | | | Petroleos Mexicanos | | 1.950%, $790,000 par, due 12/20/2022 | | (1) | | 796,063 | |
| | | | Petroleos Mexicanos | | 1.700%, $1,000,000 par, due 12/20/2022 | | (1) | | 1,005,909 | |
| | | | PHEAA Student Loan Trust 2016-1 | | 1.253%, $905,335 par, due 9/25/2065 | | (1) | | 921,168 | |
| | | | Phillips 66 | | 0.900%, $830,000 par, due 2/15/2024 | | (1) | | 823,978 | |
| | | | Phillips 66 | | 3.700%, $365,000 par, due 4/6/2023 | | (1) | | 377,350 | |
| | | | Phillips 66 | | 3.850%, $1,450,000 par, due 4/9/2025 | | (1) | | 1,546,556 | |
| | | | Pioneer Natural Resources Co | | 0.550%, $570,000 par, due 5/15/2023 | | (1) | | 567,870 | |
| | | | Pioneer Natural Resources Co | | 0.750%, $1,150,000 par, due 1/15/2024 | | (1) | | 1,134,590 | |
| | | | Pomona Redevelopment Agency Successor Agency | | 3.632%, $400,000 par, due 2/1/2023 | | (1) | | 411,532 | |
| | | | Portland Community College District | | 0.572%, $3,445,000 par, due 6/15/2024 | | (1) | | 3,417,440 | |
| | | | Providence Health & Services Obligated Group | | 4.379%, $1,225,000 par, due 10/1/2023 | | (1) | | 1,292,408 | |
| | | | PSNH Funding LLC 3 | | 3.094%, $963,663 par, due 2/1/2026 | | (1) | | 986,440 | |
| | | | Public Service Electric and Gas Co | | 2.375%, $2,050,000 par, due 5/15/2023 | | (1) | | 2,086,051 | |
| | | | Public Service Electric and Gas Co | | 3.250%, $1,595,000 par, due 9/1/2023 | | (1) | | 1,650,709 | |
| | | | Raytheon Technologies Corp | | 3.200%, $330,000 par, due 3/15/2024 | | (1) | | 343,484 | |
| | | | Raytheon Technologies Corp | | 3.950%, $1,300,000 par, due 8/16/2025 | | (1) | | 1,410,044 | |
| | | | Raytheon Technologies Corp | | 3.650%, $33,000 par, due 8/16/2023 | | (1) | | 34,312 | |
| | | | Reckitt Benckiser Treasury Services PLC | | 2.375%, $979,000 par, due 6/24/2022 | | (1) | | 986,331 | |
| | | | Reckitt Benckiser Treasury Services PLC | | 2.750%, $1,240,000 par, due 6/26/2024 | | (1) | | 1,281,497 | |
| | | | Regions Financial Corp | | 2.250%, $500,000 par, due 5/18/2025 | | (1) | | 509,998 | |
| | | | Reliance Industries Ltd | | 1.870%, $171,947 par, due 1/15/2026 | | (1) | | 174,391 | |
| | | | Reliance Industries Ltd | | 2.444%, $2,842,105 par, due 1/15/2026 | | (1) | | 2,914,454 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Reliance Industries Ltd | | 2.512%, $1,941,750 par, due 1/15/2026 | | (1) | | $ | 1,994,105 | |
| | | | RELX Capital Inc | | 3.500%, $1,410,000 par, due 3/16/2023 | | (1) | | 1,451,493 | |
| | | | RI State Std Ln Authority | | 0.765%, $392,224 par, due 9/1/2036 | | (1) | | 390,435 | |
| | | | Rockwall Independent School District | | 4.000%, $2,000,000 par, due 2/15/2025 | | (1) | | 2,170,000 | |
| | | | Roper Technologies Inc | | 1.000%, $1,070,000 par, due 9/15/2025 | | (1) | | 1,045,906 | |
| | | | Roper Technologies Inc | | 0.450%, $710,000 par, due 8/15/2022 | | (1) | | 709,409 | |
| | | | Roper Technologies Inc | | 2.350%, $440,000 par, due 9/15/2024 | | (1) | | 451,233 | |
| | | | Royal Bank of Canada | | 3.700%, $1,439,000 par, due 10/5/2023 | | (1) | | 1,509,312 | |
| | | | Royal Bank of Canada | | 0.793%, $1,300,000 par, due 10/5/2023 | | (1) | | 1,309,814 | |
| | | | Royal Bank of Canada | | 0.750%, $1,660,000 par, due 10/7/2024 | | (1) | | 1,643,531 | |
| | | | Ryder System Inc | | 2.875%, $1,060,000 par, due 6/1/2022 | | (1) | | 1,068,125 | |
| | | | Ryder System Inc | | 3.650%, $292,000 par, due 3/18/2024 | | (1) | | 307,144 | |
| | | | Salvation Army/United States | | 3.396%, $230,000 par, due 9/1/2023 | | (1) | | 237,336 | |
| | | | San Diego Gas & Electric Co | | 1.914%, $52,577 par, due 2/1/2022 | | (1) | | 52,616 | |
| | | | SANFORD HEALTH | | 2.396%, $1,250,000 par, due 11/1/2023 | | (1) | | 1,281,713 | |
| | | | SANFORD HEALTH | | 2.496%, $1,345,000 par, due 11/1/2024 | | (1) | | 1,391,456 | |
| | | | Santander Retail Auto Lease Trust 2019-C | | 1.860%, $1,636,684 par, due 2/21/2023 | | (1) | | 1,641,900 | |
| | | | Santander Retail Auto Lease Trust 2020-A | | 1.740%, $5,560,000 par, due 7/20/2023 | | (1) | | 5,593,238 | |
| | | | Santander Retail Auto Lease Trust 2020-B | | 0.570%, $5,075,000 par, due 4/22/2024 | | (1) | | 5,056,400 | |
| | | | Santander Retail Auto Lease Trust 2021-A | | 0.510%, $4,295,000 par, due 7/22/2024 | | (1) | | 4,265,412 | |
| | | | Santander Retail Auto Lease Trust 2021-B | | 0.510%, $5,300,000 par, due 8/20/2024 | | (1) | | 5,248,500 | |
| | | | Santander Retail Auto Lease Trust 2021-C | | 0.500%, $4,525,000 par, due 3/20/2025 | | (1) | | 4,489,881 | |
| | | | Sayarra Ltd | | 2.575%, $34,906 par, due 4/14/2022 | | (1) | | 35,019 | |
| | | | SBA Small Business Investment Cos | | 2.829%, $1,744,521 par, due 9/10/2025 | | (1) | | 1,785,233 | |
| | | | SBA Small Business Investment Cos | | 2.517%, $288,684 par, due 3/10/2025 | | (1) | | 292,999 | |
| | | | SBA Small Business Investment Cos | | 3.644%, $11,341 par, due 9/10/2023 | | (1) | | 11,367 | |
| | | | SBA Small Business Investment Cos | | 2.507%, $1,140,468 par, due 3/10/2026 | | (1) | | 1,159,583 | |
| | | | SC State Std Ln Corp | | 0.849%, $338,676 par, due 5/1/2030 | | (1) | | 339,337 | |
| | | | SC State Std Ln Corp | | 0.603%, $641,411 par, due 1/25/2041 | | (1) | | 637,666 | |
| | | | Schlumberger Finance Canada Ltd | | 2.650%, $680,000 par, due 11/20/2022 | | (1) | | 690,972 | |
| | | | Schlumberger Investment SA | | 2.400%, $1,808,000 par, due 8/1/2022 | | (1) | | 1,819,414 | |
| | | | Seasoned Credit Risk Transfer Trust | | 2.500%, $4,015,751 par, due 9/25/2060 | | (1) | | 4,101,680 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2018-3 | | 3.500%, $113,153 par, due 8/25/2057 | | (1) | | 117,392 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2020-2 | | 2.500%, $3,792,566 par, due 11/25/2059 | | (1) | | 3,877,144 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2020-3 | | 2.500%, $1,574,799 par, due 5/25/2060 | | (1) | | 1,609,824 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2020-3 | | 2.500%, $2,045,785 par, due 5/25/2060 | | (1) | | 2,093,502 | |
| | | | Shell International Finance BV | | 0.556%, $1,080,000 par, due 11/13/2023 | | (1) | | 1,082,848 | |
| | | | Sherwin-Williams Co/The | | 2.750%, $83,000 par, due 6/1/2022 | | (1) | | 83,571 | |
| | | | Siemens Financieringsmaatschappij NV | | 0.650%, $630,000 par, due 3/11/2024 | | (1) | | 625,014 | |
| | | | Simon Property Group LP | | 2.750%, $2,500,000 par, due 6/1/2023 | | (1) | | 2,555,720 | |
| | | | SLCC Student Loan Trust I | | 1.323%, $6,174 par, due 10/25/2027 | | (1) | | 6,177 | |
| | | | SLM Student Loan Trust 2003-10 | | 0.873%, $5,905,000 par, due 12/17/2068 | | (1) | | 5,921,251 | |
| | | | SLM Student Loan Trust 2005-4 | | 0.244%, $183,230 par, due 1/25/2027 | | (1) | | 182,816 | |
| | | | SLM Student Loan Trust 2008-9 | | 1.624%, $368,343 par, due 4/25/2023 | | (1) | | 370,843 | |
| | | | Southern California Edison Co | | 1.845%, $85,714 par, due 2/1/2022 | | (1) | | 85,780 | |
| | | | Southern Natural Gas Co LLC | | 0.625%, $375,000 par, due 4/28/2023 | | (1) | | 372,838 | |
| | | | Southwestern Public Service Co | | 3.300%, $1,051,000 par, due 6/15/2024 | | (1) | | 1,093,883 | |
| | | | Spire Missouri Inc | | 0.550%, $3,340,000 par, due 12/2/2024 | | (1) | | 3,340,411 | |
| | | | Starbucks Corp | | 1.300%, $300,000 par, due 5/7/2022 | | (1) | | 300,980 | |
| | | | State of Hawaii | | 2.255%, $1,500,000 par, due 10/1/2023 | | (1) | | 1,537,605 | |
| | | | State of Hawaii | | 0.713%, $4,165,000 par, due 8/1/2024 | | (1) | | 4,130,181 | |
| | | | State of Maine | | 1.250%, $690,000 par, due 6/1/2022 | | (1) | | 693,450 | |
| | | | State of Maine | | 1.250%, $400,000 par, due 6/1/2023 | | (1) | | 403,092 | |
| | | | State of New York | | 1.950%, $1,500,000 par, due 2/15/2023 | | (1) | | 1,522,200 | |
| | | | State of New York | | 0.250%, $2,250,000 par, due 3/15/2022 | | (1) | | 2,250,090 | |
| | | | State of Utah | | 4.554%, $855,000 par, due 7/1/2024 | | (1) | | 900,418 | |
| | | | State of Utah | | 3.539%, $1,340,000 par, due 7/1/2025 | | (1) | | 1,400,622 | |
| | | | State Street Corp | | 2.653%, $1,080,000 par, due 5/15/2023 | | (1) | | 1,087,855 | |
| | | | State Street Corp | | 3.776%, $63,000 par, due 12/3/2024 | | (1) | | 66,333 | |
| | | | Student Loan Corp | | 0.924%, $946,700 par, due 4/25/2037 | | (1) | | 945,157 | |
| | | | Student Loan Corp | | 0.802%, $1,772,146 par, due 7/25/2036 | | (1) | | 1,767,795 | |
| | | | Sumitomo Mitsui Financial Group Inc | | 0.922%, $1,310,000 par, due 10/16/2023 | | (1) | | 1,322,030 | |
| | | | Sumitomo Mitsui Financial Group Inc | | 1.474%, $3,019,000 par, due 7/8/2025 | | (1) | | 3,004,539 | |
| | | | Sumitomo Mitsui Financial Group Inc | | 2.784%, $975,000 par, due 7/12/2022 | | (1) | | 986,987 | |
| | | | Sutter Health | | 1.321%, $1,040,000 par, due 8/15/2025 | | (1) | | 1,031,036 | |
| | | | Target Corp | | 2.250%, $760,000 par, due 4/15/2025 | | (1) | | 783,531 | |
| | | | Texas Tech University System | | 0.938%, $1,250,000 par, due 2/15/2025 | | (1) | | 1,240,938 | |
| | | | Thermo Fisher Scientific Inc | | 1.215%, $3,010,000 par, due 10/18/2024 | | (1) | | 3,007,171 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Toronto-Dominion Bank/The | | 0.700%, $3,890,000 par, due 9/10/2024 | | (1) | | $ | 3,840,224 | |
| | | | Toronto-Dominion Bank/The | | 3.250%, $497,000 par, due 3/11/2024 | | (1) | | 519,453 | |
| | | | Toronto-Dominion Bank/The | | 2.650%, $736,000 par, due 6/12/2024 | | (1) | | 763,572 | |
| | | | Toronto-Dominion Bank/The | | 0.750%, $720,000 par, due 6/12/2023 | | (1) | | 720,096 | |
| | | | TotalEnergies Capital International SA | | 3.700%, $402,000 par, due 1/15/2024 | | (1) | | 422,620 | |
| | | | TotalEnergies Capital International SA | | 2.700%, $600,000 par, due 1/25/2023 | | (1) | | 612,322 | |
| | | | TotalEnergies Capital International SA | | 2.434%, $1,273,000 par, due 1/10/2025 | | (1) | | 1,312,387 | |
| | | | Towd Point Mortgage Trust 2015-6 | | 3.500%, $5,482 par, due 4/25/2055 | | (1) | | 5,477 | |
| | | | Towd Point Mortgage Trust 2016-2 | | 2.750%, $158,176 par, due 8/25/2055 | | (1) | | 158,549 | |
| | | | Towd Point Mortgage Trust 2016-3 | | 2.250%, $51,096 par, due 4/25/2056 | | (1) | | 51,109 | |
| | | | Towd Point Mortgage Trust 2016-4 | | 2.250%, $20,357 par, due 7/25/2056 | | (1) | | 20,424 | |
| | | | Towd Point Mortgage Trust 2017-1 | | 2.750%, $507,852 par, due 10/25/2056 | | (1) | | 512,230 | |
| | | | Towd Point Mortgage Trust 2017-2 | | 2.750%, $180,444 par, due 4/25/2057 | | (1) | | 181,851 | |
| | | | Towd Point Mortgage Trust 2017-5 | | 0.692%, $236,636 par, due 2/25/2057 | | (1) | | 236,513 | |
| | | | Towd Point Mortgage Trust 2017-6 | | 2.750%, $495,913 par, due 10/25/2057 | | (1) | | 502,031 | |
| | | | Towd Point Mortgage Trust 2018-1 | | 3.000%, $226,085 par, due 1/25/2058 | | (1) | | 228,940 | |
| | | | Towd Point Mortgage Trust 2018-2 | | 3.250%, $1,794,949 par, due 3/25/2058 | | (1) | | 1,832,700 | |
| | | | Towd Point Mortgage Trust 2018-3 | | 3.750%, $1,143,067 par, due 5/25/2058 | | (1) | | 1,181,905 | |
| | | | Towd Point Mortgage Trust 2019-HY3 | | 1.102%, $1,701,245 par, due 10/25/2059 | | (1) | | 1,709,321 | |
| | | | Towd Point Mortgage Trust 2021-1 | | 2.250%, $4,332,175 par, due 11/25/2061 | | (1) | | 4,385,296 | |
| | | | Toyota Auto Loan Extended Note Trust 2019-1 | | 2.560%, $3,565,000 par, due 11/25/2031 | | (1) | | 3,681,647 | |
| | | | Toyota Auto Loan Extended Note Trust 2020-1 | | 1.350%, $2,710,000 par, due 5/25/2033 | | (1) | | 2,703,195 | |
| | | | Toyota Auto Loan Extended Note Trust 2021-1 | | 1.070%, $2,550,000 par, due 2/27/2034 | | (1) | | 2,501,961 | |
| | | | Toyota Auto Receivables 2019-A Owner Trust | | 2.910%, $689,037 par, due 7/17/2023 | | (1) | | 694,417 | |
| | | | Toyota Auto Receivables 2020-C Owner Trust | | 0.360%, $260,640 par, due 2/15/2023 | | (1) | | 260,651 | |
| | | | Toyota Auto Receivables 2021-D Owner Trust | | 0.710%, $1,995,000 par, due 4/15/2026 | | (1) | | 1,982,737 | |
| | | | Toyota Motor Credit Corp | | 3.350%, $198,000 par, due 1/8/2024 | | (1) | | 207,357 | |
| | | | Toyota Motor Credit Corp | | 0.625%, $2,080,000 par, due 9/13/2024 | | (1) | | 2,051,920 | |
| | | | Toyota Motor Credit Corp | | 1.800%, $1,500,000 par, due 2/13/2025 | | (1) | | 1,523,052 | |
| | | | Toyota Motor Credit Corp | | 3.000%, $1,100,000 par, due 4/1/2025 | | (1) | | 1,154,497 | |
| | | | Trane Technologies Luxembourg Finance SA | | 3.550%, $400,000 par, due 11/1/2024 | | (1) | | 422,882 | |
| | | | Transportation Finance Equipment Trust 2019-1 | | 1.850%, $2,364,856 par, due 4/24/2023 | | (1) | | 2,376,947 | |
| | | | Truist Bank | | 3.200%, $315,000 par, due 4/1/2024 | | (1) | | 329,787 | |
| | | | Truist Financial Corp | | 2.200%, $2,105,000 par, due 3/16/2023 | | (1) | | 2,140,541 | |
| | | | TSMC Arizona Corp | | 1.750%, $2,400,000 par, due 10/25/2026 | | (1) | | 2,402,515 | |
| | | | TSMC Global Ltd | | 1.250%, $660,000 par, due 4/23/2026 | | (1) | | 646,870 | |
| | | | TSMC Global Ltd | | 0.750%, $2,220,000 par, due 9/28/2025 | | (1) | | 2,145,763 | |
| | | | Tyco Electronics Group SA | | 3.450%, $440,000 par, due 8/1/2024 | | (1) | | 461,374 | |
| | | | UBS AG/London | | 0.700%, $1,800,000 par, due 8/9/2024 | | (1) | | 1,779,462 | |
| | | | UBS Commercial Mortgage Trust 2012-C1 | | 3.400%, $7,075 par, due 5/10/2045 | | (1) | | 7,069 | |
| | | | UBS Group AG | | 1.384%, $1,297,000 par, due 5/23/2023 | | (1) | | 1,302,224 | |
| | | | UBS Group AG | | 1.008%, $780,000 par, due 7/30/2024 | | (1) | | 777,585 | |
| | | | UBS-Barclays Commercial Mortgage Trust 2012-C3 | | 3.091%, $3,195,449 par, due 8/10/2049 | | (1) | | 3,218,763 | |
| | | | UBS-Barclays Commercial Mortgage Trust 2012-C4 | | 2.459%, $204,087 par, due 12/10/2045 | | (1) | | 204,615 | |
| | | | UBS-Barclays Commercial Mortgage Trust 2012-C4 | | 2.850%, $630,000 par, due 12/10/2045 | | (1) | | 634,610 | |
| | | | Unilever Capital Corp | | 0.626%, $730,000 par, due 8/12/2024 | | (1) | | 725,597 | |
| | | | Union Pacific Corp | | 4.163%, $27,000 par, due 7/15/2022 | | (1) | | 27,265 | |
| | | | Union Pacific Corp | | 3.150%, $94,000 par, due 3/1/2024 | | (1) | | 97,995 | |
| | | | Union Pacific Corp | | 2.950%, $700,000 par, due 3/1/2022 | | (1) | | 702,517 | |
| | | | Union Pacific Corp | | 3.750%, $730,000 par, due 3/15/2024 | | (1) | | 767,434 | |
| | | | Union Pacific Corp | | 3.500%, $1,822,000 par, due 6/8/2023 | | (1) | | 1,884,753 | |
| | | | United Parcel Service Inc | | 3.900%, $880,000 par, due 4/1/2025 | | (1) | | 950,008 | |
| | | | United States Small Business Administration | | 4.760%, $557,175 par, due 9/1/2025 | | (1) | | 572,376 | |
| | | | United States Small Business Administration | | 1.880%, $64,891 par, due 3/1/2025 | | (1) | | 65,614 | |
| | | | United States Small Business Administration | | 5.630%, $585,105 par, due 10/1/2028 | | (1) | | 633,767 | |
| | | | United States Small Business Administration | | 5.510%, $140,198 par, due 11/1/2027 | | (1) | | 151,120 | |
| | | | United States Small Business Administration | | 6.770%, $197,376 par, due 11/1/2028 | | (1) | | 217,756 | |
| | | | United States Small Business Administration | | 5.290%, $425,906 par, due 12/1/2027 | | (1) | | 462,727 | |
| | | | United States Small Business Administration | | 5.720%, $123,952 par, due 1/1/2029 | | (1) | | 133,660 | |
| | | | United States Treasury Note/Bond | | 0.250%, $31,700,000 par, due 6/30/2025 | | (1) | | 30,808,438 | |
| | | | United States Treasury Note/Bond | | 1.750%, $100,875,000 par, due 12/31/2024 | | (1) | | 103,203,800 | |
| | | | United States Treasury Note/Bond | | 0.625%, $30,000,000 par, due 10/15/2024 | | (1) | | 29,763,270 | |
| | | | United States Treasury Note/Bond | | 0.250%, $27,750,000 par, due 11/15/2023 | | (1) | | 27,524,531 | |
| | | | United States Treasury Note/Bond | | 0.125%, $4,000,000 par, due 10/15/2023 | | (1) | | 3,960,468 | |
| | | | United States Treasury Note/Bond | | 0.375%, $7,775,000 par, due 4/15/2024 | | (1) | | 7,698,463 | |
| | | | United States Treasury Note/Bond | | 0.375%, $15,600,000 par, due 9/15/2024 | | (1) | | 15,383,066 | |
| | | | United States Treasury Note/Bond | | 0.500%, $23,300,000 par, due 3/31/2025 | | (1) | | 22,920,466 | |
| | | | United States Treasury Note/Bond | | 0.125%, $80,860,000 par, due 1/15/2024 | | (1) | | 79,852,404 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | United States Treasury Note/Bond | | 0.750%, $16,000,000 par, due 11/15/2024 | | (1) | | $ | 15,913,744 | |
| | | | United States Treasury Note/Bond | | 0.125%, $30,625,000 par, due 12/15/2023 | | (1) | | 30,276,886 | |
| | | | UnitedHealth Group Inc | | 3.500%, $1,147,000 par, due 6/15/2023 | | (1) | | 1,193,002 | |
| | | | UnitedHealth Group Inc | | 3.500%, $1,390,000 par, due 2/15/2024 | | (1) | | 1,465,120 | |
| | | | University of Michigan | | 1.004%, $2,710,000 par, due 4/1/2025 | | (1) | | 2,693,306 | |
| | | | US Bancorp | | 3.375%, $292,000 par, due 2/5/2024 | | (1) | | 306,140 | |
| | | | Utah State Board of Regents | | 0.868%, $523,010 par, due 12/26/2031 | | (1) | | 524,344 | |
| | | | Ventas Realty LP | | 2.650%, $430,000 par, due 1/15/2025 | | (1) | | 443,138 | |
| | | | Verizon Communications Inc | | 3.376%, $1,400,000 par, due 2/15/2025 | | (1) | | 1,489,811 | |
| | | | Verizon Master Trust | | 0.500%, $6,690,000 par, due 5/20/2027 | | (1) | | 6,603,666 | |
| | | | Verizon Master Trust | | 0.990%, $7,045,000 par, due 4/20/2028 | | (1) | | 7,010,937 | |
| | | | Verizon Owner Trust 2018-A | | 3.230%, $15,914 par, due 4/20/2023 | | (1) | | 15,939 | |
| | | | Verizon Owner Trust 2019-A | | 2.930%, $714,291 par, due 9/20/2023 | | (1) | | 718,203 | |
| | | | Verizon Owner Trust 2019-B | | 2.330%, $1,848,510 par, due 12/20/2023 | | (1) | | 1,860,882 | |
| | | | Verizon Owner Trust 2020-A | | 1.850%, $7,875,000 par, due 7/22/2024 | | (1) | | 7,934,015 | |
| | | | Verizon Owner Trust 2020-B | | 0.470%, $6,240,000 par, due 2/20/2025 | | (1) | | 6,223,433 | |
| | | | Verizon Owner Trust 2020-C | | 0.410%, $3,095,000 par, due 4/21/2025 | | (1) | | 3,080,843 | |
| | | | Vermont Std Asst Corp | | 0.803%, $556,093 par, due 7/28/2034 | | (1) | | 553,807 | |
| | | | Virginia Electric and Power Co | | 3.450%, $593,000 par, due 2/15/2024 | | (1) | | 618,026 | |
| | | | Volkswagen Auto Lease Trust 2019-A | | 1.990%, $642,146 par, due 11/21/2022 | | (1) | | 643,379 | |
| | | | Volkswagen Auto Loan Enhanced Trust 2018-2 | | 3.250%, $97,984 par, due 4/20/2023 | | (1) | | 98,349 | |
| | | | Volkswagen Auto Loan Enhanced Trust 2021-1 | | 1.020%, $3,890,000 par, due 6/22/2026 | | (1) | | 3,889,837 | |
| | | | Volkswagen Group of America Finance LLC | | 3.350%, $750,000 par, due 5/13/2025 | | (1) | | 789,405 | |
| | | | Volkswagen Group of America Finance LLC | | 2.700%, $880,000 par, due 9/26/2022 | | (1) | | 892,726 | |
| | | | Volvo Financial Equipment LLC Series 2019-2 | | 2.040%, $2,185,141 par, due 11/15/2023 | | (1) | | 2,198,870 | |
| | | | Vulcan Materials Co | | 4.500%, $1,308,000 par, due 4/1/2025 | | (1) | | 1,419,176 | |
| | | | Walt Disney Co/The | | 3.350%, $2,460,000 par, due 3/24/2025 | | (1) | | 2,617,398 | |
| | | | WEC Energy Group Inc | | 3.550%, $206,000 par, due 6/15/2025 | | (1) | | 218,208 | |
| | | | WEC Energy Group Inc | | 0.800%, $2,660,000 par, due 3/15/2024 | | (1) | | 2,633,185 | |
* | | | | Wells Fargo Commercial Mortgage Trust 2013-LC12 | | 4.218%, $607,000 par, due 7/15/2046 | | (1) | | 628,542 | |
| | | | Welltower Inc | | 3.625%, $2,496,000 par, due 3/15/2024 | | (1) | | 2,625,478 | |
| | | | Westpac Banking Corp | | 0.950%, $1,190,000 par, due 2/26/2024 | | (1) | | 1,204,479 | |
| | | | Westpac Banking Corp | | 1.019%, $380,000 par, due 11/18/2024 | | (1) | | 379,070 | |
| | | | WFRBS Commercial Mortgage Trust 2012-C10 | | 2.875%, $1,850,000 par, due 12/15/2045 | | (1) | | 1,870,905 | |
| | | | WFRBS Commercial Mortgage Trust 2012-C10 | | 2.453%, $161,151 par, due 12/15/2045 | | (1) | | 161,920 | |
| | | | WFRBS Commercial Mortgage Trust 2013-C12 | | 2.838%, $64,253 par, due 3/15/2048 | | (1) | | 64,941 | |
| | | | WFRBS Commercial Mortgage Trust 2013-C17 | | 4.023%, $382,000 par, due 12/15/2046 | | (1) | | 397,785 | |
| | | | Williams Cos Inc/The | | 3.900%, $1,400,000 par, due 1/15/2025 | | (1) | | 1,488,179 | |
| | | | Windermere Aviation LLC | | 2.351%, $578,878 par, due 5/27/2026 | | (1) | | 593,945 | |
| | | | World Omni Auto Lease Sec Trust 2021-A | | 0.420%, $2,250,000 par, due 8/15/2024 | | (1) | | 2,230,043 | |
| | | | World Omni Auto Receivables Trust | | 1.100%, $6,860,844 par, due 4/15/2025 | | (1) | | 6,885,509 | |
| | | | World Omni Auto Receivables Trust 2018-B | | 2.870%, $172,592 par, due 7/17/2023 | | (1) | | 172,997 | |
| | | | World Omni Auto Receivables Trust 2018-C | | 3.130%, $515,363 par, due 11/15/2023 | | (1) | | 518,074 | |
| | | | World Omni Auto Receivables Trust 2019-C | | 1.960%, $3,467,627 par, due 12/16/2024 | | (1) | | 3,491,893 | |
| | | | World Omni Auto Receivables Trust 2020-C | | 0.480%, $7,820,000 par, due 11/17/2025 | | (1) | | 7,800,755 | |
| | | | World Omni Auto Receivables Trust 2021-D | | 0.810%, $3,895,000 par, due 10/15/2026 | | (1) | | 3,872,974 | |
| | | | World Omni Automobile Lease Sec Trust 2019-B | | 2.030%, $911,284 par, due 11/15/2022 | | (1) | | 912,385 | |
| | | | World Omni Select Auto Trust 2019-A | | 2.000%, $2,614,816 par, due 8/15/2024 | | (1) | | 2,624,643 | |
| | | | World Omni Select Auto Trust 2020-A | | 0.470%, $740,695 par, due 6/17/2024 | | (1) | | 740,860 | |
| | | | WRKCo Inc | | 3.000%, $720,000 par, due 9/15/2024 | | (1) | | 750,740 | |
| | | | Yale University | | 0.873%, $3,670,000 par, due 4/15/2025 | | (1) | | 3,634,111 | |
| | | | BlackRock Treasury Trust Fund | | 53,069,326 shares | | (1) | | 53,069,326 | |
| | | | | | | | | | 1,589,639,895 | |
| | | | | | Accrued income receivable | | | | 3,586,035 | |
| | | | | | Payable for securities purchased on a forward | | | |
| | | | | | | | | commitment basis | | | | (90,646,913) | |
| | | | | | | | Receivable for securities sold on a forward | | | |
| | | | | | | | | commitment basis | | | | 45,391,102 | |
| | | | | | Receivable for investment payments due | | | | 14,792,487 | |
| | | | | | Payable for investment payments due | | | | (15,410,172) | |
| | | | | | | Total | | | | 1,547,352,434 | |
| | | | | | | | | | | | | |
| | | American General Life Ins. Co. | | 1.72% | | (1) | | — | |
| | | Massachsetts Mutual Life Ins. Co. | | 1.89% | | (1) | | — | |
| | | Nationwide Life Insurance Co. | | 1.95% | | (1) | | — | |
| | | Pacific Life Ins. Co. | | 2.05% | | (1) | | — | |
| | | Prudential Ins. Co. of America | | 2.11% | | (1) | | — | |
| | | Royal Bank of Canada | | 1.79% | | (1) | | — | |
| | | State Street Bank and TrustCo. | | 1.95% | | (1) | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | Transamerica Premier Life Ins. Co. | | 1.98% | | (1) | | $ | — | |
| | | Voya Ins. and Annuity Co. | | 1.76% | | (1) | | — | |
| | | | 3M Co | | 2.000%, $1,240,000 par, due 2/14/2025 | | (1) | | 1,268,986 | |
| | | | 7-Eleven Inc | | 0.950%, $690,000 par, due 2/10/2026 | | (1) | | 668,498 | |
| | | | AbbVie Inc | | 2.950%, $1,120,000 par, due 11/21/2026 | | (1) | | 1,180,859 | |
| | | | AbbVie Inc | | 3.200%, $720,000 par, due 11/21/2029 | | (1) | | 770,539 | |
| | | | AbbVie Inc | | 3.800%, $1,170,000 par, due 3/15/2025 | | (1) | | 1,245,897 | |
| | | | AbbVie Inc | | 2.600%, $3,370,000 par, due 11/21/2024 | | (1) | | 3,497,672 | |
| | | | Access Group Inc 2013-1 | | 0.602%, $467,927 par, due 2/25/2036 | | (1) | | 460,977 | |
| | | | Advocate Health & Hospitals Corp | | 2.211%, $1,555,000 par, due 6/15/2030 | | (1) | | 1,558,878 | |
| | | | AEP Texas Inc | | 2.400%, $417,000 par, due 10/1/2022 | | (1) | | 422,019 | |
| | | | Agilent Technologies Inc | | 2.100%, $650,000 par, due 6/4/2030 | | (1) | | 636,990 | |
| | | | Agilent Technologies Inc | | 2.750%, $1,020,000 par, due 9/15/2029 | | (1) | | 1,053,948 | |
| | | | AIG Global Funding | | 0.900%, $2,020,000 par, due 9/22/2025 | | (1) | | 1,961,331 | |
| | | | Alabama Federal Aid Highway Finance Authority | | 2.256%, $1,520,000 par, due 9/1/2033 | | (1) | | 1,524,834 | |
| | | | Alexandria Real Estate Equities Inc | | 4.300%, $780,000 par, due 1/15/2026 | | (1) | | 854,569 | |
| | | | Alexandria Real Estate Equities Inc | | 3.800%, $1,010,000 par, due 4/15/2026 | | (1) | | 1,093,436 | |
| | | | Alexandria Real Estate Equities Inc | | 3.450%, $1,600,000 par, due 4/30/2025 | | (1) | | 1,698,216 | |
| | | | Alliant Energy Finance LLC | | 3.750%, $884,000 par, due 6/15/2023 | | (1) | | 915,734 | |
| | | | American Express Co | | 3.400%, $1,000,000 par, due 2/22/2024 | | (1) | | 1,048,863 | |
| | | | American Express Co | | 1.650%, $1,440,000 par, due 11/4/2026 | | (1) | | 1,443,591 | |
| | | | American Honda Finance Corp | | 3.450%, $766,000 par, due 7/14/2023 | | (1) | | 797,360 | |
| | | | American Honda Finance Corp | | 2.400%, $990,000 par, due 6/27/2024 | | (1) | | 1,019,912 | |
| | | | Amphenol Corp | | 3.200%, $1,335,000 par, due 4/1/2024 | | (1) | | 1,388,041 | |
| | | | Amphenol Corp | | 2.200%, $850,000 par, due 9/15/2031 | | (1) | | 831,714 | |
| | | | Amphenol Corp | | 4.350%, $440,000 par, due 6/1/2029 | | (1) | | 500,386 | |
| | | | Anglo American Capital PLC | | 3.625%, $200,000 par, due 9/11/2024 | | (1) | | 209,982 | |
| | | | Anglo American Capital PLC | | 2.250%, $340,000 par, due 3/17/2028 | | (1) | | 334,165 | |
| | | | Anglo American Capital PLC | | 4.875%, $1,240,000 par, due 5/14/2025 | | (1) | | 1,351,999 | |
| | | | Anheuser-Busch InBev Worldwide Inc | | 4.750%, $1,200,000 par, due 1/23/2029 | | (1) | | 1,397,860 | |
| | | | Anheuser-Busch InBev Worldwide Inc | | 3.650%, $1,070,000 par, due 2/1/2026 | | (1) | | 1,149,352 | |
| | | | Apple Inc | | 1.125%, $115,000 par, due 5/11/2025 | | (1) | | 114,688 | |
| | | | Apple Inc | | 3.000%, $2,400,000 par, due 2/9/2024 | | (1) | | 2,500,747 | |
| | | | Archer-Daniels-Midland Co | | 3.250%, $970,000 par, due 3/27/2030 | | (1) | | 1,055,381 | |
| | | | Ascension Health | | 2.532%, $2,498,000 par, due 11/15/2029 | | (1) | | 2,595,057 | |
| | | | Astrazeneca Finance LLC | | 1.200%, $860,000 par, due 5/28/2026 | | (1) | | 849,449 | |
| | | | AT&T Inc | | 4.500%, $870,000 par, due 5/15/2035 | | (1) | | 1,006,406 | |
| | | | AT&T Inc | | 1.381%, $320,000 par, due 6/12/2024 | | (1) | | 324,056 | |
| | | | AT&T Inc | | 2.250%, $2,730,000 par, due 2/1/2032 | | (1) | | 2,641,305 | |
| | | | AT&T Inc | | 1.700%, $2,140,000 par, due 3/25/2026 | | (1) | | 2,130,085 | |
| | | | AvalonBay Communities Inc | | 3.450%, $560,000 par, due 6/1/2025 | | (1) | | 594,550 | |
| | | | BAE Systems Holdings Inc | | 3.800%, $1,000,000 par, due 10/7/2024 | | (1) | | 1,062,162 | |
| | | | BAE Systems Holdings Inc | | 3.850%, $1,200,000 par, due 12/15/2025 | | (1) | | 1,286,759 | |
| | | | Baker Hughes a GE Co LLC | | 2.773%, $1,318,000 par, due 12/15/2022 | | (1) | | 1,344,177 | |
| | | | BAKER HUGHES LLC/CO-OBL | | 2.061%, $940,000 par, due 12/15/2026 | | (1) | | 949,158 | |
| | | | Bank of America Corp | | 4.271%, $2,180,000 par, due 7/23/2029 | | (1) | | 2,432,503 | |
| | | | Bank of America Corp | | 3.864%, $193,000 par, due 7/23/2024 | | (1) | | 201,098 | |
| | | | Bank of America Corp | | 3.458%, $1,700,000 par, due 3/15/2025 | | (1) | | 1,778,185 | |
| | | | Bank of America Corp | | 2.456%, $620,000 par, due 10/22/2025 | | (1) | | 636,919 | |
| | | | Bank of America Corp | | 2.015%, $1,740,000 par, due 2/13/2026 | | (1) | | 1,763,095 | |
| | | | Bank of America Corp | | 1.530%, $5,270,000 par, due 12/6/2025 | | (1) | | 5,282,595 | |
| | | | Bank of America Corp | | 1.319%, $2,020,000 par, due 6/19/2026 | | (1) | | 1,999,430 | |
| | | | Bank of America Corp | | 1.197%, $1,510,000 par, due 10/24/2026 | | (1) | | 1,480,585 | |
| | | | Bank of America Corp | | 1.734%, $3,220,000 par, due 7/22/2027 | | (1) | | 3,198,384 | |
| | | | Bank of Montreal | | 3.300%, $2,181,000 par, due 2/5/2024 | | (1) | | 2,282,360 | |
| | | | Bank of Montreal | | 1.250%, $1,245,000 par, due 9/15/2026 | | (1) | | 1,219,104 | |
| | | | Bank of Nova Scotia/The | | 3.400%, $2,269,000 par, due 2/11/2024 | | (1) | | 2,381,061 | |
| | | | Bank of Nova Scotia/The | | 2.200%, $2,300,000 par, due 2/3/2025 | | (1) | | 2,353,832 | |
| | | | Bank of Nova Scotia/The | | 4.500%, $210,000 par, due 12/16/2025 | | (1) | | 230,785 | |
| | | | Baxter International Inc | | 3.950%, $385,000 par, due 4/1/2030 | | (1) | | 429,055 | |
| | | | Baxter International Inc | | 1.915%, $2,120,000 par, due 2/1/2027 | | (1) | | 2,129,101 | |
| | | | Baxter International Inc | | 1.322%, $1,370,000 par, due 11/29/2024 | | (1) | | 1,368,396 | |
| | | | Bayer US Finance II LLC | | 4.375%, $1,200,000 par, due 12/15/2028 | | (1) | | 1,341,409 | |
| | | | Bayer US Finance II LLC | | 4.250%, $790,000 par, due 12/15/2025 | | (1) | | 854,850 | |
| | | | Bayer US Finance II LLC | | 3.875%, $556,000 par, due 12/15/2023 | | (1) | | 581,100 | |
| | | | Black Hills Corp | | 4.250%, $710,000 par, due 11/30/2023 | | (1) | | 745,631 | |
| | | | Black Hills Corp | | 3.150%, $1,544,000 par, due 1/15/2027 | | (1) | | 1,606,886 | |
| | | | BMW US Capital LLC | | 3.150%, $2,672,000 par, due 4/18/2024 | | (1) | | 2,790,672 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | BNP Paribas SA | | 4.400%, $1,510,000 par, due 8/14/2028 | | (1) | | $ | 1,693,646 | |
| | | | BNP Paribas SA | | 4.705%, $1,283,000 par, due 1/10/2025 | | (1) | | 1,366,109 | |
| | | | BNP Paribas Sec Corp | | 1.675%, $810,000 par, due 6/30/2027 | | (1) | | 796,791 | |
| | | | Boeing Co/The | | 2.700%, $1,420,000 par, due 2/1/2027 | | (1) | | 1,444,714 | |
| | | | Boeing Co/The | | 5.040%, $270,000 par, due 5/1/2027 | | (1) | | 304,203 | |
| | | | Boeing Co/The | | 5.150%, $1,780,000 par, due 5/1/2030 | | (1) | | 2,075,804 | |
| | | | Boston Properties LP | | 3.125%, $165,000 par, due 9/1/2023 | | (1) | | 169,740 | |
| | | | Boston Properties LP | | 3.650%, $1,550,000 par, due 2/1/2026 | | (1) | | 1,661,296 | |
| | | | Boston Properties LP | | 2.750%, $1,150,000 par, due 10/1/2026 | | (1) | | 1,197,287 | |
| | | | BP Capital Markets America Inc | | 3.790%, $678,000 par, due 2/6/2024 | | (1) | | 713,829 | |
| | | | BP Capital Markets America Inc | | 3.796%, $600,000 par, due 9/21/2025 | | (1) | | 647,804 | |
| | | | BP Capital Markets PLC | | 3.814%, $560,000 par, due 2/10/2024 | | (1) | | 590,167 | |
| | | | BP Capital Markets PLC | | 3.279%, $865,000 par, due 9/19/2027 | | (1) | | 929,868 | |
| | | | Brazos Education Loan Authority | | 0.831%, $3,125,000 par, due 1/25/2072 | | (1) | | 3,125,000 | |
| | | | Brazos Education Loan Authority Inc | | 0.683%, $5,817,848 par, due 11/25/2071 | | (1) | | 5,816,230 | |
| | | | Bristol-Myers Squibb Co | | 2.900%, $1,697,000 par, due 7/26/2024 | | (1) | | 1,776,136 | |
| | | | Brown-Forman Corp | | 3.500%, $950,000 par, due 4/15/2025 | | (1) | | 1,012,387 | |
| | | | Burlington Northern Santa Fe LLC | | 3.400%, $1,840,000 par, due 9/1/2024 | | (1) | | 1,940,032 | |
| | | | Campbell Union High School District | | 2.312%, $1,430,000 par, due 8/1/2035 | | (1) | | 1,412,840 | |
| | | | Canadian Natural Resources Ltd | | 2.950%, $1,320,000 par, due 1/15/2023 | | (1) | | 1,345,213 | |
| | | | Canadian Pacific Railway Co | | 2.900%, $460,000 par, due 2/1/2025 | | (1) | | 478,597 | |
| | | | Canadian Pacific Railway Co | | 4.500%, $775,000 par, due 1/15/2022 | | (1) | | 775,915 | |
| | | | Canadian Pacific Railway Co | | 1.750%, $1,090,000 par, due 12/2/2026 | | (1) | | 1,095,550 | |
| | | | Capital One Bank USA NA | | 2.280%, $930,000 par, due 1/28/2026 | | (1) | | 947,442 | |
| | | | Capital One Financial Corp | | 1.878%, $1,595,000 par, due 11/2/2027 | | (1) | | 1,587,807 | |
| | | | Capital One Financial Corp | | 3.900%, $650,000 par, due 1/29/2024 | | (1) | | 684,119 | |
| | | | Cargill Inc | | 2.125%, $755,000 par, due 4/23/2030 | | (1) | | 747,414 | |
| | | | Carmax Auto Owner Trust 2018-4 | | 3.360%, $551,301 par, due 9/15/2023 | | (1) | | 555,193 | |
| | | | Carrier Global Corp | | 2.493%, $2,870,000 par, due 2/15/2027 | | (1) | | 2,950,231 | |
| | | | Caterpillar Financial Services Corp | | 2.850%, $985,000 par, due 5/17/2024 | | (1) | | 1,028,483 | |
| | | | Cedars-Sinai Health System | | 2.288%, $1,540,000 par, due 8/15/2031 | | (1) | | 1,538,454 | |
| | | | Charles Schwab Corp/The | | 2.000%, $1,470,000 par, due 3/20/2028 | | (1) | | 1,490,667 | |
| | | | Cherokee County Board of Education | | 5.626%, $1,000,000 par, due 8/1/2028 | | (1) | | 1,207,390 | |
| | | | Chevron Corp | | 1.995%, $390,000 par, due 5/11/2027 | | (1) | | 396,093 | |
| | | | Chevron Corp | | 1.554%, $90,000 par, due 5/11/2025 | | (1) | | 90,801 | |
| | | | Children's Hospital Medical Center/Cincinnati OH | | 2.853%, $1,775,000 par, due 11/15/2026 | | (1) | | 1,842,878 | |
| | | | CHRISTUS Health | | 4.341%, $1,500,000 par, due 7/1/2028 | | (1) | | 1,698,626 | |
| | | | Cigna Corp | | 3.750%, $375,000 par, due 7/15/2023 | | (1) | | 390,001 | |
| | | | Cintas Corp No 2 | | 3.250%, $780,000 par, due 6/1/2022 | | (1) | | 783,273 | |
| | | | Cintas Corp No 2 | | 3.700%, $850,000 par, due 4/1/2027 | | (1) | | 930,458 | |
| | | | Citigroup Inc | | 3.200%, $1,300,000 par, due 10/21/2026 | | (1) | | 1,378,364 | |
| | | | Citigroup Inc | | 3.352%, $1,144,000 par, due 4/24/2025 | | (1) | | 1,194,720 | |
| | | | Citigroup Inc | | 3.400%, $760,000 par, due 5/1/2026 | | (1) | | 815,351 | |
| | | | Citigroup Inc | | 0.981%, $910,000 par, due 5/1/2025 | | (1) | | 902,990 | |
| | | | Citigroup Inc | | 3.520%, $500,000 par, due 10/27/2028 | | (1) | | 536,714 | |
| | | | Citigroup Inc | | 1.281%, $805,000 par, due 11/3/2025 | | (1) | | 803,015 | |
| | | | Citigroup Inc | | 4.044%, $1,325,000 par, due 6/1/2024 | | (1) | | 1,381,025 | |
| | | | Citigroup Inc | | 2.572%, $2,050,000 par, due 6/3/2031 | | (1) | | 2,069,877 | |
| | | | Citigroup Inc | | 3.668%, $880,000 par, due 7/24/2028 | | (1) | | 949,748 | |
| | | | Citigroup Inc | | 3.142%, $370,000 par, due 1/24/2023 | | (1) | | 370,469 | |
| | | | Citizens Bank NA/Providence RI | | 3.700%, $1,720,000 par, due 3/29/2023 | | (1) | | 1,774,447 | |
| | | | Citizens Bank NA/Providence RI | | 3.750%, $260,000 par, due 2/18/2026 | | (1) | | 280,255 | |
| | | | City & County of Honolulu HI | | 3.753%, $425,000 par, due 9/1/2030 | | (1) | | 479,774 | |
| | | | City of Atlanta GA | | 2.288%, $2,885,000 par, due 12/1/2033 | | (1) | | 2,901,329 | |
| | | | City of Boston MA | | 4.400%, $925,000 par, due 4/1/2026 | | (1) | | 927,479 | |
| | | | City of Chandler AZ Excise Tax Revenue | | 2.007%, $1,840,000 par, due 7/1/2030 | | (1) | | 1,851,831 | |
| | | | City of Chicago IL | | 6.050%, $230,000 par, due 1/1/2029 | | (1) | | 250,470 | |
| | | | City of El Paso TX Water & Sewer Revenue | | 1.435%, $2,455,000 par, due 3/1/2027 | | (1) | | 2,453,552 | |
| | | | City of Houston TX | | 3.725%, $735,000 par, due 3/1/2030 | | (1) | | 814,946 | |
| | | | City of Phoenix Civic Improvement Corp | | 1.455%, $835,000 par, due 7/1/2028 | | (1) | | 820,312 | |
| | | | City of Worcester MA | | 6.250%, $1,030,000 par, due 1/1/2028 | | (1) | | 1,175,683 | |
| | | | CLEVELAND CLINIC HEALTH SYSTEM | | 2.885%, $3,475,000 par, due 1/1/2032 | | (1) | | 3,684,994 | |
| | | | Clorox Co/The | | 3.100%, $1,200,000 par, due 10/1/2027 | | (1) | | 1,274,359 | |
| | | | Clovis Unified School District | | 2.228%, $2,620,000 par, due 8/1/2030 | | (1) | | 2,655,239 | |
| | | | Coast Community College District | | 2.788%, $3,610,000 par, due 8/1/2033 | | (1) | | 3,855,661 | |
| | | | Comcast Corp | | 3.950%, $1,570,000 par, due 10/15/2025 | | (1) | | 1,714,782 | |
| | | | Comcast Corp | | 3.400%, $750,000 par, due 4/1/2030 | | (1) | | 819,346 | |
| | | | Comerica Inc | | 3.700%, $844,000 par, due 7/31/2023 | | (1) | | 878,374 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | COMM 2012-LC4 A4 9.6-Yr CMBS | | 3.288%, $261,658 par, due 12/10/2044 | | (1) | | $ | 261,524 | |
| | | | COMM 2013-CCRE11 Mortgage Trust | | 4.258%, $3,900,000 par, due 8/10/2050 | | (1) | | 4,083,838 | |
| | | | Comm 2013-CCRE13 Mortgage Trust | | 4.194%, $990,000 par, due 11/10/2046 | | (1) | | 1,038,672 | |
| | | | COMM 2013-CCRE6 Mortgage Trust | | 3.101%, $2,880,000 par, due 3/10/2046 | | (1) | | 2,908,924 | |
| | | | COMM 2013-CCRE7 Mortgage Trust | | 3.213%, $463,611 par, due 3/10/2046 | | (1) | | 471,714 | |
| | | | COMM 2013-CCRE8 Mortgage Trust | | 3.612%, $2,165,000 par, due 6/10/2046 | | (1) | | 2,228,173 | |
| | | | COMM 2013-LC6 Mortgage Trust | | 2.941%, $751,857 par, due 1/10/2046 | | (1) | | 761,114 | |
| | | | COMM 2014-CCRE17 Mortgage Trust | | 3.977%, $2,355,000 par, due 5/10/2047 | | (1) | | 2,485,326 | |
| | | | COMM 2014-CCRE18 Mortgage Trust | | 3.828%, $4,505,000 par, due 7/15/2047 | | (1) | | 4,741,008 | |
| | | | COMM 2014-CCRE19 Mortgage Trust | | 3.796%, $2,420,133 par, due 8/10/2047 | | (1) | | 2,553,574 | |
| | | | COMM 2014-CR14 Mortgage Trust | | 4.236%, $6,235,000 par, due 2/10/2047 | | (1) | | 6,550,142 | |
| | | | Commonwealth of Massachusetts | | 5.456%, $1,500,000 par, due 12/1/2039 | | (1) | | 2,044,890 | |
| | | | Commonwealth of Pennsylvania | | 4.650%, $750,000 par, due 2/15/2026 | | (1) | | 806,970 | |
| | | | ConocoPhillips | | 3.750%, $750,000 par, due 10/1/2027 | | (1) | | 822,657 | |
| | | | ConocoPhillips | | 4.300%, $650,000 par, due 8/15/2028 | | (1) | | 730,559 | |
| | | | Cooperatieve Rabobank UA | | 3.875%, $300,000 par, due 9/26/2023 | | (1) | | 314,840 | |
| | | | Cooperatieve Rabobank UA | | 2.625%, $535,000 par, due 7/22/2024 | | (1) | | 552,451 | |
| | | | Cooperatieve Rabobank UA | | 1.004%, $870,000 par, due 9/24/2026 | | (1) | | 847,015 | |
| | | | Cooperative Rabobank UA | | 1.980%, $3,080,000 par, due 12/15/2027 | | (1) | | 3,082,735 | |
| | | | Corporate Action Adjustment | | 0.001%, $0 par, due 1/31/3100 | | (1) | | — | |
| | | | Coterra Energy Inc | | 3.900%, $640,000 par, due 5/15/2027 | | (1) | | 688,181 | |
| | | | County of Baltimore MD | | 2.847%, $550,000 par, due 8/1/2026 | | (1) | | 586,707 | |
| | | | County of Bexar TX | | 2.171%, $2,090,000 par, due 6/15/2032 | | (1) | | 2,101,265 | |
| | | | County of Cumberland ME | | 5.000%, $1,560,000 par, due 12/1/2026 | | (1) | | 1,827,212 | |
| | | | County of Cuyahoga OH | | 2.141%, $1,000,000 par, due 12/1/2027 | | (1) | | 1,033,570 | |
| | | | County of Lee County FL Water & Sewer Revenue | | 2.416%, $2,140,000 par, due 10/1/2028 | | (1) | | 2,245,523 | |
| | | | County of Monroe PA | | 2.470%, $2,175,000 par, due 12/15/2025 | | (1) | | 2,251,843 | |
| | | | County of Spokane WA | | 2.828%, $875,000 par, due 12/1/2032 | | (1) | | 927,071 | |
| | | | County of Spokane WA | | 2.728%, $950,000 par, due 12/1/2031 | | (1) | | 1,003,485 | |
| | | | County of Spokane WA | | 2.728%, $245,000 par, due 12/1/2031 | | (1) | | 268,371 | |
| | | | Credit Suisse Group AG | | 1.305%, $410,000 par, due 2/2/2027 | | (1) | | 396,126 | |
| | | | Credit Suisse Group AG | | 3.574%, $700,000 par, due 1/9/2023 | | (1) | | 700,198 | |
| | | | Credit Suisse Group AG | | 3.869%, $340,000 par, due 1/12/2029 | | (1) | | 364,214 | |
| | | | Credit Suisse Group AG | | 2.593%, $640,000 par, due 9/11/2025 | | (1) | | 653,675 | |
| | | | Credit Suisse Group AG | | 2.997%, $816,000 par, due 12/14/2023 | | (1) | | 829,204 | |
| | | | Credit Suisse Group AG | | 4.207%, $950,000 par, due 6/12/2024 | | (1) | | 988,534 | |
| | | | CRH America Finance Inc | | 3.400%, $410,000 par, due 5/9/2027 | | (1) | | 437,870 | |
| | | | CRH America Finance Inc | | 3.950%, $370,000 par, due 4/4/2028 | | (1) | | 408,041 | |
| | | | CRH America Inc | | 3.875%, $740,000 par, due 5/18/2025 | | (1) | | 790,843 | |
| | | | Crowley Conro LLC | | 4.181%, $1,469,791 par, due 8/15/2043 | | (1) | | 1,707,917 | |
| | | | CubeSmart LP | | 2.250%, $460,000 par, due 12/15/2028 | | (1) | | 460,476 | |
| | | | CVS Health Corp | | 4.300%, $421,000 par, due 3/25/2028 | | (1) | | 472,787 | |
| | | | CVS Health Corp | | 3.000%, $400,000 par, due 8/15/2026 | | (1) | | 422,611 | |
| | | | CVS Health Corp | | 1.300%, $2,530,000 par, due 8/21/2027 | | (1) | | 2,454,381 | |
| | | | CVS Health Corp | | 3.500%, $340,000 par, due 7/20/2022 | | (1) | | 343,803 | |
| | | | Daimler Finance North America LLC | | 3.350%, $150,000 par, due 2/22/2023 | | (1) | | 154,173 | |
| | | | Daimler Finance North America LLC | | 2.125%, $2,040,000 par, due 3/10/2025 | | (1) | | 2,078,882 | |
| | | | Daimler Finance North America LLC | | 2.700%, $1,640,000 par, due 6/14/2024 | | (1) | | 1,695,314 | |
| | | | Daimler Trucks Finance North America LLC | | 2.000%, $2,000,000 par, due 12/14/2026 | | (1) | | 2,009,774 | |
| | | | Danone SA | | 2.589%, $1,760,000 par, due 11/2/2023 | | (1) | | 1,804,567 | |
| | | | Denver City & County School District No 1 | | 3.587%, $1,255,000 par, due 12/1/2032 | | (1) | | 1,375,718 | |
| | | | Diageo Capital PLC | | 2.125%, $380,000 par, due 10/24/2024 | | (1) | | 388,625 | |
| | | | Diageo Capital PLC | | 2.000%, $620,000 par, due 4/29/2030 | | (1) | | 614,095 | |
| | | | Digital Realty Trust LP | | 4.750%, $580,000 par, due 10/1/2025 | | (1) | | 642,348 | |
| | | | Digital Realty Trust LP | | 4.450%, $990,000 par, due 7/15/2028 | | (1) | | 1,116,687 | |
| | | | Dominion Energy South Carolina Inc | | 2.300%, $930,000 par, due 12/1/2031 | | (1) | | 938,332 | |
| | | | DTE Electric Co | | 2.250%, $220,000 par, due 3/1/2030 | | (1) | | 220,798 | |
| | | | DTE Electric Co | | 2.625%, $950,000 par, due 3/1/2031 | | (1) | | 978,630 | |
| | | | Duke Energy Carolinas LLC | | 2.500%, $1,073,000 par, due 3/15/2023 | | (1) | | 1,090,859 | |
| | | | Duke Energy Carolinas LLC | | 2.550%, $1,230,000 par, due 4/15/2031 | | (1) | | 1,264,112 | |
| | | | Duke Energy Florida LLC | | 2.400%, $730,000 par, due 12/15/2031 | | (1) | | 739,268 | |
| | | | Duke Energy Progress LLC | | 2.000%, $2,020,000 par, due 8/15/2031 | | (1) | | 1,975,582 | |
| | | | Duke Energy Progress LLC | | 3.700%, $730,000 par, due 9/1/2028 | | (1) | | 800,321 | |
| | | | Duke Energy Progress LLC | | 3.450%, $350,000 par, due 3/15/2029 | | (1) | | 378,013 | |
| | | | Duke Realty LP | | 4.000%, $1,020,000 par, due 9/15/2028 | | (1) | | 1,139,563 | |
| | | | Duke Realty LP | | 3.750%, $1,820,000 par, due 12/1/2024 | | (1) | | 1,929,862 | |
| | | | Duke Realty LP | | 3.250%, $1,200,000 par, due 6/30/2026 | | (1) | | 1,274,372 | |
| | | | Duke University | | 3.199%, $2,000,000 par, due 10/1/2038 | | (1) | | 2,164,922 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Duke University Health System Inc | | 2.552%, $2,674,000 par, due 6/1/2029 | | (1) | | $ | 2,710,382 | |
| | | | DuPont de Nemours Inc | | 4.493%, $770,000 par, due 11/15/2025 | | (1) | | 851,199 | |
| | | | DuPont de Nemours Inc | | 4.725%, $2,610,000 par, due 11/15/2028 | | (1) | | 3,025,405 | |
| | | | DUS 7Y1MO 1YIO | | 1.990%, $6,300,000 par, due 8/1/2028 | | (1) | | 6,428,955 | |
| | | | East Ohio Gas Co/The | | 1.300%, $617,000 par, due 6/15/2025 | | (1) | | 608,793 | |
| | | | ECMC Group Student Loan Trust 2021-1 | | 0.672%, $3,154,887 par, due 11/25/2070 | | (1) | | 3,153,483 | |
| | | | Ecolab Inc | | 4.800%, $1,080,000 par, due 3/24/2030 | | (1) | | 1,298,352 | |
| | | | Ecolab Inc | | 1.650%, $715,000 par, due 2/1/2027 | | (1) | | 718,620 | |
| | | | EdLinc Student Loan Funding Trust 2012-1 | | 1.103%, $123,809 par, due 9/25/2030 | | (1) | | 124,228 | |
| | | | Edsouth Indenture No 2 LLC | | 1.253%, $58,327 par, due 9/25/2040 | | (1) | | 58,666 | |
| | | | Edsouth Indenture No 3 LLC | | 0.833%, $404,800 par, due 4/25/2039 | | (1) | | 403,705 | |
| | | | Edu Fund of South | | 0.774%, $556,227 par, due 4/25/2035 | | (1) | | 557,459 | |
| | | | Edu Fund of South | | 1.152%, $1,820,893 par, due 3/25/2036 | | (1) | | 1,830,203 | |
| | | | EMD Finance LLC | | 3.250%, $2,210,000 par, due 3/19/2025 | | (1) | | 2,326,429 | |
| | | | Emerson Electric Co | | 1.950%, $455,000 par, due 10/15/2030 | | (1) | | 449,269 | |
| | | | Emerson Electric Co | | 2.000%, $2,975,000 par, due 12/21/2028 | | (1) | | 2,972,218 | |
| | | | Entergy Arkansas LLC | | 4.000%, $1,300,000 par, due 6/1/2028 | | (1) | | 1,442,981 | |
| | | | Entergy Arkansas LLC | | 3.050%, $1,537,000 par, due 6/1/2023 | | (1) | | 1,574,955 | |
| | | | Entergy Arkansas LLC | | 3.500%, $1,610,000 par, due 4/1/2026 | | (1) | | 1,723,080 | |
| | | | Enterprise Products Operating LLC | | 2.800%, $880,000 par, due 1/31/2030 | | (1) | | 918,414 | |
| | | | Enterprise Products Operating LLC | | 3.500%, $99,000 par, due 2/1/2022 | | (1) | | 99,218 | |
| | | | Enterprise Products Operating LLC | | 3.750%, $420,000 par, due 2/15/2025 | | (1) | | 446,440 | |
| | | | Equifax Inc | | 2.600%, $730,000 par, due 12/1/2024 | | (1) | | 754,762 | |
| | | | Equifax Inc | | 3.950%, $905,000 par, due 6/15/2023 | | (1) | | 940,600 | |
| | | | Equinor ASA | | 3.000%, $990,000 par, due 4/6/2027 | | (1) | | 1,044,960 | |
| | | | Equinor ASA | | 1.750%, $200,000 par, due 1/22/2026 | | (1) | | 201,313 | |
| | | | Ethiopian Leasing 2012 LLC | | 2.566%, $542,453 par, due 8/14/2026 | | (1) | | 562,361 | |
| | | | Ethiopian Leasing 2012 LLC | | 2.646%, $829,250 par, due 5/12/2026 | | (1) | | 855,724 | |
| | | | Evergy Kansas Central Inc | | 3.100%, $2,600,000 par, due 4/1/2027 | | (1) | | 2,744,102 | |
| | | | Evergy Metro Inc | | 2.250%, $1,080,000 par, due 6/1/2030 | | (1) | | 1,074,962 | |
| | | | EXIM Bank of the United States | | 1.732%, $1,743,743 par, due 9/18/2024 | | (1) | | 1,762,905 | |
| | | | Experian Finance PLC | | 4.250%, $600,000 par, due 2/1/2029 | | (1) | | 666,657 | |
| | | | Exxon Mobil Corp | | 2.992%, $1,470,000 par, due 3/19/2025 | | (1) | | 1,545,460 | |
| | | | Fannie Mae Grantor Trust 2002-T16 | | 7.000%, $53,061 par, due 7/25/2042 | | (1) | | 62,564 | |
| | | | Fannie Mae Grantor Trust 2002-T18 | | 7.000%, $25,310 par, due 8/25/2042 | | (1) | | 30,144 | |
| | | | Fannie Mae Grantor Trust 2004-T3 | | 6.000%, $139,727 par, due 2/25/2044 | | (1) | | 157,481 | |
| | | | Fannie Mae or Freddie Mac | | 2.500%, $9,995,000 par, due 2/1/2052 | | (1) | | 10,179,328 | |
| | | | Fannie Mae or Freddie Mac | | 2.500%, $9,995,000 par, due 1/1/2051 | | (1) | | 10,202,316 | |
| | | | Fannie Mae Pool | | 2.080%, $6,380,000 par, due 10/1/2026 | | (1) | | 6,563,757 | |
| | | | Fannie Mae Pool | | 2.190%, $5,050,000 par, due 11/1/2026 | | (1) | | 5,208,388 | |
| | | | Fannie Mae Pool | | 1.390%, $2,320,000 par, due 11/1/2028 | | (1) | | 2,292,921 | |
| | | | Fannie Mae Pool | | 1.390%, $2,140,000 par, due 11/1/2028 | | (1) | | 2,115,022 | |
| | | | Fannie Mae Pool | | 1.390%, $2,050,000 par, due 11/1/2028 | | (1) | | 2,026,072 | |
| | | | Fannie Mae Pool | | 2.840%, $2,844,538 par, due 1/1/2027 | | (1) | | 3,001,610 | |
| | | | Fannie Mae Pool | | 2.760%, $1,325,849 par, due 5/1/2025 | | (1) | | 1,381,268 | |
| | | | Fannie Mae Pool | | 2.730%, $1,592,332 par, due 1/1/2023 | | (1) | | 1,610,923 | |
| | | | Fannie Mae Pool | | 3.081%, $518,255 par, due 11/1/2022 | | (1) | | 519,678 | |
| | | | Fannie Mae Pool | | 2.730%, $1,683,327 par, due 9/1/2023 | | (1) | | 1,720,449 | |
| | | | Fannie Mae Pool | | 3.080%, $1,083,983 par, due 1/1/2026 | | (1) | | 1,148,001 | |
| | | | Fannie Mae Pool | | 3.070%, $1,161,862 par, due 2/1/2026 | | (1) | | 1,226,472 | |
| | | | Fannie Mae Pool | | 2.190%, $2,334,239 par, due 7/1/2023 | | (1) | | 2,369,675 | |
| | | | Fannie Mae Pool | | 2.613%, $716,948 par, due 11/1/2022 | | (1) | | 718,068 | |
| | | | Fannie Mae Pool | | 2.500%, $1,681,856 par, due 5/1/2023 | | (1) | | 1,699,731 | |
| | | | Fannie Mae Pool | | 4.000%, $430,938 par, due 1/1/2041 | | (1) | | 468,770 | |
| | | | Fannie Mae Pool | | 4.000%, $2,258,395 par, due 11/1/2040 | | (1) | | 2,456,273 | |
| | | | Fannie Mae Pool | | 4.000%, $3,351,150 par, due 4/1/2041 | | (1) | | 3,644,731 | |
| | | | Fannie Mae Pool | | 4.000%, $5,713,062 par, due 8/1/2051 | | (1) | | 6,348,834 | |
| | | | Fannie Mae Pool | | 4.500%, $3,129,970 par, due 1/1/2051 | | (1) | | 3,475,334 | |
| | | | Fannie Mae Pool | | 3.410%, $1,029,507 par, due 11/1/2023 | | (1) | | 1,063,608 | |
| | | | Fannie Mae Pool | | 3.120%, $1,155,000 par, due 1/1/2024 | | (1) | | 1,193,951 | |
| | | | Fannie Mae Pool | | 2.800%, $1,890,000 par, due 4/1/2024 | | (1) | | 1,949,599 | |
| | | | Fannie Mae Pool | | 3.580%, $3,480,000 par, due 1/1/2026 | | (1) | | 3,735,707 | |
| | | | Fannie Mae Pool | | 3.300%, $1,877,693 par, due 3/1/2026 | | (1) | | 2,006,663 | |
| | | | Fannie Mae Pool | | 2.000%, $182,409 par, due 6/1/2022 | | (1) | | 182,369 | |
| | | | Fannie Mae Pool | | 3.349%, $1,503,865 par, due 11/1/2026 | | (1) | | 1,610,648 | |
| | | | Fannie Mae Pool | | 3.373%, $852,635 par, due 12/1/2027 | | (1) | | 923,441 | |
| | | | Fannie Mae Pool | | 2.261%, $181,831 par, due 4/1/2036 | | (1) | | 182,208 | |
| | | | Fannie Mae Pool | | 1.965%, $247,085 par, due 3/1/2044 | | (1) | | 257,255 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Fannie Mae Pool | | 1.955%, $159,376 par, due 3/1/2044 | | (1) | | $ | 165,865 | |
| | | | Fannie Mae Pool | | 1.840%, $300,553 par, due 5/1/2044 | | (1) | | 312,170 | |
| | | | Fannie Mae Pool | | 3.389%, $279,103 par, due 11/1/2048 | | (1) | | 290,209 | |
| | | | Fannie Mae Pool | | 1.475%, $70,246 par, due 11/1/2041 | | (1) | | 72,026 | |
| | | | Fannie Mae Pool | | 1.992%, $14,282 par, due 5/1/2036 | | (1) | | 14,877 | |
| | | | Fannie Mae Pool | | 1.675%, $83,547 par, due 3/1/2034 | | (1) | | 86,542 | |
| | | | Fannie Mae Pool | | 1.284%, $19,657 par, due 4/1/2044 | | (1) | | 19,976 | |
| | | | Fannie Mae Pool | | 1.678%, $86,987 par, due 8/1/2034 | | (1) | | 90,164 | |
| | | | Fannie Mae Pool | | 1.722%, $38,777 par, due 1/1/2035 | | (1) | | 40,197 | |
| | | | Fannie Mae Pool | | 1.765%, $26,727 par, due 7/1/2035 | | (1) | | 27,756 | |
| | | | Fannie Mae Pool | | 1.705%, $44,699 par, due 7/1/2035 | | (1) | | 46,431 | |
| | | | Fannie Mae Pool | | 1.364%, $22,552 par, due 1/1/2037 | | (1) | | 23,071 | |
| | | | Fannie Mae Pool | | 1.233%, $21,024 par, due 4/1/2037 | | (1) | | 21,509 | |
| | | | Fannie Mae Pool | | 1.861%, $114,051 par, due 7/1/2035 | | (1) | | 115,665 | |
| | | | Fannie Mae Pool | | 3.476%, $188,579 par, due 5/1/2036 | | (1) | | 201,895 | |
| | | | Fannie Mae Pool | | 2.190%, $40,974 par, due 1/1/2041 | | (1) | | 42,942 | |
| | | | Fannie Mae Pool | | 2.125%, $35,437 par, due 3/1/2042 | | (1) | | 37,336 | |
| | | | Fannie Mae Pool | | 5.500%, $624,084 par, due 4/1/2033 | | (1) | | 712,938 | |
| | | | Fannie Mae Pool | | 5.000%, $270,189 par, due 11/1/2033 | | (1) | | 304,839 | |
| | | | Fannie Mae Pool | | 5.500%, $76,377 par, due 4/1/2036 | | (1) | | 86,110 | |
| | | | Fannie Mae Pool | | 6.000%, $28,202 par, due 9/1/2038 | | (1) | | 30,121 | |
| | | | Fannie Mae Pool | | 5.000%, $362,879 par, due 10/1/2035 | | (1) | | 410,177 | |
| | | | Fannie Mae Pool | | 5.000%, $572,853 par, due 6/1/2035 | | (1) | | 646,263 | |
| | | | Fannie Mae Pool | | 5.000%, $1,187,339 par, due 3/1/2036 | | (1) | | 1,341,966 | |
| | | | Fannie Mae Pool | | 5.000%, $184,919 par, due 9/1/2033 | | (1) | | 208,206 | |
| | | | Fannie Mae Pool | | 3.500%, $162,872 par, due 8/1/2032 | | (1) | | 173,536 | |
| | | | Fannie Mae Pool | | 3.000%, $871,474 par, due 3/1/2033 | | (1) | | 914,537 | |
| | | | Fannie Mae Pool | | 3.500%, $551,332 par, due 4/1/2046 | | (1) | | 591,549 | |
| | | | Fannie Mae Pool | | 3.000%, $636,204 par, due 7/1/2032 | | (1) | | 672,636 | |
| | | | Fannie Mae Pool | | 4.500%, $2,148,188 par, due 6/1/2056 | | (1) | | 2,406,590 | |
| | | | Fannie Mae Pool | | 4.000%, $737,255 par, due 11/1/2045 | | (1) | | 809,610 | |
| | | | Fannie Mae Pool | | 4.500%, $1,424,492 par, due 6/1/2056 | | (1) | | 1,595,836 | |
| | | | Fannie Mae Pool | | 4.000%, $1,699,680 par, due 6/1/2056 | | (1) | | 1,874,847 | |
| | | | Fannie Mae Pool | | 4.000%, $3,042,011 par, due 7/1/2056 | | (1) | | 3,370,390 | |
| | | | Fannie Mae Pool | | 4.500%, $3,719,598 par, due 6/1/2056 | | (1) | | 4,167,029 | |
| | | | Fannie Mae Pool | | 3.500%, $1,752,675 par, due 11/1/2046 | | (1) | | 1,878,829 | |
| | | | Fannie Mae Pool | | 4.000%, $2,033,010 par, due 7/1/2056 | | (1) | | 2,212,633 | |
| | | | Fannie Mae Pool | | 4.500%, $1,338,340 par, due 11/1/2048 | | (1) | | 1,454,139 | |
| | | | Fannie Mae Pool | | 3.000%, $1,040,273 par, due 1/1/2035 | | (1) | | 1,100,871 | |
| | | | Fannie Mae Pool | | 3.000%, $899,830 par, due 1/1/2035 | | (1) | | 948,008 | |
| | | | Fannie Mae Pool | | 3.000%, $578,293 par, due 1/1/2035 | | (1) | | 607,551 | |
| | | | Fannie Mae Pool | | 2.500%, $2,149,266 par, due 12/1/2034 | | (1) | | 2,240,885 | |
| | | | Fannie Mae Pool | | 3.000%, $1,429,135 par, due 12/1/2049 | | (1) | | 1,497,766 | |
| | | | Fannie Mae Pool | | 3.000%, $359,270 par, due 2/1/2031 | | (1) | | 378,530 | |
| | | | Fannie Mae Pool | | 2.500%, $586,966 par, due 6/1/2031 | | (1) | | 611,506 | |
| | | | Fannie Mae Pool | | 2.500%, $571,060 par, due 6/1/2031 | | (1) | | 595,597 | |
| | | | Fannie Mae Pool | | 2.500%, $626,681 par, due 6/1/2031 | | (1) | | 653,145 | |
| | | | Fannie Mae Pool | | 2.500%, $681,600 par, due 6/1/2031 | | (1) | | 711,411 | |
| | | | Fannie Mae Pool | | 3.000%, $714,242 par, due 5/1/2031 | | (1) | | 751,331 | |
| | | | Fannie Mae Pool | | 2.500%, $798,822 par, due 9/1/2034 | | (1) | | 827,675 | |
| | | | Fannie Mae Pool | | 2.500%, $1,654,276 par, due 10/1/2034 | | (1) | | 1,720,159 | |
| | | | Fannie Mae Pool | | 2.500%, $1,237,280 par, due 10/1/2034 | | (1) | | 1,282,264 | |
| | | | Fannie Mae REMIC Trust 2005-W1 | | 6.500%, $116,387 par, due 10/25/2044 | | (1) | | 135,541 | |
| | | | Fannie Mae REMICS | | 5.500%, $176,115 par, due 4/25/2035 | | (1) | | 200,970 | |
| | | | Fannie Mae Trust 2003-W6 | | 6.500%, $65,745 par, due 9/25/2042 | | (1) | | 74,942 | |
| | | | Fannie Mae Trust 2003-W8 | | 7.000%, $10,731 par, due 10/25/2042 | | (1) | | 12,203 | |
| | | | Fannie Mae Trust 2004-W2 | | 7.000%, $62,705 par, due 2/25/2044 | | (1) | | 72,241 | |
| | | | Fannie Mae-Aces | | 2.263%, $82,183 par, due 2/25/2023 | | (1) | | 82,282 | |
| | | | Federal Realty Investment Trust | | 2.750%, $1,632,000 par, due 6/1/2023 | | (1) | | 1,664,506 | |
| | | | FedEx Corp | | 4.250%, $1,170,000 par, due 5/15/2030 | | (1) | | 1,331,693 | |
| | | | FedEx Corp | | 4.200%, $1,104,000 par, due 10/17/2028 | | (1) | | 1,248,394 | |
| | | | Fifth Third Bancorp | | 3.650%, $1,310,000 par, due 1/25/2024 | | (1) | | 1,372,576 | |
| | | | Fifth Third Bancorp | | 2.375%, $730,000 par, due 1/28/2025 | | (1) | | 749,683 | |
| | | | Fiserv Inc | | 3.800%, $1,630,000 par, due 10/1/2023 | | (1) | | 1,704,062 | |
| | | | Fiserv Inc | | 2.750%, $390,000 par, due 7/1/2024 | | (1) | | 403,462 | |
| | | | Fiserv Inc | | 3.200%, $570,000 par, due 7/1/2026 | | (1) | | 602,995 | |
| | | | Florida Gas Transmission Co LLC | | 4.350%, $1,780,000 par, due 7/15/2025 | | (1) | | 1,921,955 | |
| | | | FMC Corp | | 3.450%, $670,000 par, due 10/1/2029 | | (1) | | 714,044 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | FMC Corp | | 4.100%, $1,000,000 par, due 2/1/2024 | | (1) | | $ | 1,048,415 | |
| | | | Ford Credit Auto Owner Trust | | 1.060%, $7,395,000 par, due 4/15/2033 | | (1) | | 7,247,847 | |
| | | | Ford Credit Auto Owner Trust 2017-REV2 | | 2.360%, $2,617,000 par, due 3/15/2029 | | (1) | | 2,650,157 | |
| | | | Ford Credit Auto Owner Trust 2020-REV1 | | 2.040%, $4,800,000 par, due 8/15/2031 | | (1) | | 4,887,562 | |
| | | | Ford Credit Auto Owner Trust 2021-REV1 | | 1.370%, $3,705,000 par, due 10/17/2033 | | (1) | | 3,660,729 | |
| | | | Ford Motor Credit Co LLC | | 3.350%, $1,300,000 par, due 11/1/2022 | | (1) | | 1,316,250 | |
| | | | Fortune Brands Home & Security Inc | | 4.000%, $983,000 par, due 9/21/2023 | | (1) | | 1,029,930 | |
| | | | Freddie Mac Gold Pool | | 6.000%, $123,713 par, due 8/1/2038 | | (1) | | 143,558 | |
| | | | Freddie Mac Gold Pool | | 6.000%, $36,727 par, due 9/1/2038 | | (1) | | 42,616 | |
| | | | Freddie Mac Gold Pool | | 6.000%, $219,248 par, due 8/1/2038 | | (1) | | 254,415 | |
| | | | Freddie Mac Gold Pool | | 3.500%, $105,425 par, due 2/1/2043 | | (1) | | 113,376 | |
| | | | Freddie Mac Gold Pool | | 3.000%, $1,408,759 par, due 1/1/2043 | | (1) | | 1,489,027 | |
| | | | Freddie Mac Gold Pool | | 4.000%, $980,493 par, due 4/1/2046 | | (1) | | 1,071,845 | |
| | | | Freddie Mac Gold Pool | | 4.000%, $803,949 par, due 1/1/2047 | | (1) | | 879,102 | |
| | | | Freddie Mac Gold Pool | | 3.500%, $111,217 par, due 12/1/2025 | | (1) | | 117,140 | |
| | | | Freddie Mac Gold Pool | | 4.000%, $107,027 par, due 2/1/2026 | | (1) | | 112,631 | |
| | | | Freddie Mac Gold Pool | | 3.000%, $605,890 par, due 8/1/2027 | | (1) | | 635,305 | |
| | | | Freddie Mac Multifam Struct PT Cert | | 3.062%, $5,800,000 par, due 11/25/2023 | | (1) | | 5,988,871 | |
| | | | Freddie Mac Multifam Struct PT Cert | | 0.574%, $46,610 par, due 9/25/2023 | | (1) | | 46,670 | |
| | | | Freddie Mac Multifamily Structured PT Certificates | | 2.282%, $4,105,000 par, due 7/25/2026 | | (1) | | 4,252,267 | |
| | | | Freddie Mac Multifamily Structured PT Certificates | | 2.862%, $6,240,000 par, due 5/25/2026 | | (1) | | 6,601,234 | |
| | | | Freddie Mac Non Gold Pool | | 2.609%, $34,391 par, due 7/1/2034 | | (1) | | 35,141 | |
| | | | Freddie Mac Non Gold Pool | | 2.029%, $50,039 par, due 12/1/2036 | | (1) | | 50,678 | |
| | | | Freddie Mac Non Gold Pool | | 2.025%, $24,949 par, due 11/1/2040 | | (1) | | 26,212 | |
| | | | Freddie Mac Non Gold Pool | | 2.125%, $47,875 par, due 2/1/2042 | | (1) | | 50,258 | |
| | | | Freddie Mac Non Gold Pool | | 1.975%, $264,378 par, due 1/1/2044 | | (1) | | 275,177 | |
| | | | Freddie Mac Non Gold Pool | | 1.850%, $281,392 par, due 8/1/2044 | | (1) | | 291,584 | |
| | | | Freddie Mac Non Gold Pool | | 2.917%, $461,193 par, due 7/1/2047 | | (1) | | 478,411 | |
| | | | Freddie Mac Non Gold Pool | | 3.017%, $167,517 par, due 8/1/2047 | | (1) | | 174,135 | |
| | | | Freddie Mac Non Gold Pool | | 2.548%, $968,360 par, due 10/1/2047 | | (1) | | 997,903 | |
| | | | Freddie Mac Pool | | 2.500%, $7,618,293 par, due 12/1/2034 | | (1) | | 7,924,404 | |
| | | | Freddie Mac Pool | | 3.000%, $557,630 par, due 1/1/2035 | | (1) | | 587,162 | |
| | | | Freddie Mac Pool | | 3.000%, $669,074 par, due 1/1/2035 | | (1) | | 707,583 | |
| | | | Freddie Mac Pool | | 3.500%, $114,832 par, due 8/1/2049 | | (1) | | 121,103 | |
| | | | Freddie Mac Pool | | 2.500%, $1,894,351 par, due 12/1/2034 | | (1) | | 1,975,189 | |
| | | | Freddie Mac Pool | | 2.500%, $1,779,847 par, due 1/1/2035 | | (1) | | 1,854,723 | |
| | | | Freddie Mac Pool | | 2.500%, $5,345,627 par, due 1/1/2035 | | (1) | | 5,566,401 | |
| | | | Freddie Mac Pool | | 3.000%, $455,089 par, due 1/1/2035 | | (1) | | 478,866 | |
| | | | Freddie Mac Pool | | 3.000%, $3,759,138 par, due 1/1/2050 | | (1) | | 3,937,573 | |
| | | | Freddie Mac Pool | | 2.000%, $5,352,491 par, due 11/1/2050 | | (1) | | 5,358,742 | |
| | | | Freddie Mac Pool | | 3.000%, $3,761,328 par, due 11/1/2049 | | (1) | | 3,941,984 | |
| | | | Freddie Mac Pool | | 3.000%, $3,554,945 par, due 12/1/2049 | | (1) | | 3,727,701 | |
| | | | Freddie Struct PT Cert | | 7.000%, $518,455 par, due 7/25/2043 | | (1) | | 617,043 | |
| | | | General Dynamics Corp | | 3.500%, $160,000 par, due 5/15/2025 | | (1) | | 170,639 | |
| | | | General Dynamics Corp | | 3.250%, $1,400,000 par, due 4/1/2025 | | (1) | | 1,480,360 | |
| | | | General Mills Inc | | 2.600%, $955,000 par, due 10/12/2022 | | (1) | | 969,075 | |
| | | | General Mills Inc | | 2.875%, $895,000 par, due 4/15/2030 | | (1) | | 934,963 | |
| | | | General Mills Inc | | 3.700%, $550,000 par, due 10/17/2023 | | (1) | | 575,565 | |
| | | | General Motors Financial Co Inc | | 2.400%, $1,940,000 par, due 10/15/2028 | | (1) | | 1,936,312 | |
| | | | General Motors Financial Co Inc | | 3.550%, $1,260,000 par, due 7/8/2022 | | (1) | | 1,278,299 | |
| | | | Georgia-Pacific LLC | | 2.100%, $675,000 par, due 4/30/2027 | | (1) | | 683,766 | |
| | | | Georgia-Pacific LLC | | 3.734%, $1,725,000 par, due 7/15/2023 | | (1) | | 1,786,243 | |
| | | | Ginnie Mae II pool | | 2.000%, $74,348 par, due 3/20/2042 | | (1) | | 77,740 | |
| | | | Ginnie Mae II Pool | | 4.584%, $948,461 par, due 1/20/2067 | | (1) | | 1,026,008 | |
| | | | Ginnie Mae II Pool | | 4.385%, $1,036,770 par, due 12/20/2066 | | (1) | | 1,113,538 | |
| | | | Ginnie Mae II Pool | | 4.427%, $2,059,219 par, due 2/20/2067 | | (1) | | 2,197,357 | |
| | | | Ginnie Mae II Pool | | 4.564%, $2,255,151 par, due 1/20/2067 | | (1) | | 2,431,542 | |
| | | | Ginnie Mae II Pool | | 4.575%, $1,761,530 par, due 3/20/2065 | | (1) | | 1,863,713 | |
| | | | Ginnie Mae II pool | | 1.480%, $694,816 par, due 6/20/2058 | | (1) | | 706,256 | |
| | | | Ginnie Mae II pool | | 0.711%, $1,867,980 par, due 5/20/2058 | | (1) | | 1,887,001 | |
| | | | GlaxoSmithKline Capital Inc | | 3.625%, $700,000 par, due 5/15/2025 | | (1) | | 754,111 | |
| | | | GlaxoSmithKline Capital PLC | | 3.000%, $1,270,000 par, due 6/1/2024 | | (1) | | 1,328,969 | |
| | | | GM Financial Revolving Receivables Trust 2021-1 | | 1.170%, $2,410,000 par, due 6/12/2034 | | (1) | | 2,369,567 | |
| | | | GNMA | | 0.981%, $1,374,320 par, due 12/20/2066 | | (1) | | 1,396,772 | |
| | | | GNMA | | 1.081%, $2,885,684 par, due 12/20/2066 | | (1) | | 2,939,560 | |
| | | | GNMA | | 0.731%, $777,221 par, due 10/20/2065 | | (1) | | 783,311 | |
| | | | Goldman Sachs Group Inc/The | | 1.948%, $3,170,000 par, due 10/21/2027 | | (1) | | 3,157,948 | |
| | | | Goldman Sachs Group Inc/The | | 3.625%, $1,513,000 par, due 2/20/2024 | | (1) | | 1,587,477 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Goldman Sachs Group Inc/The | | 3.272%, $1,405,000 par, due 9/29/2025 | | (1) | | $ | 1,474,500 | |
| | | | Goldman Sachs Group Inc/The | | 3.850%, $1,670,000 par, due 1/26/2027 | | (1) | | 1,795,763 | |
| | | | Goldman Sachs Group Inc/The | | 3.500%, $630,000 par, due 1/23/2025 | | (1) | | 664,086 | |
| | | | Goldman Sachs Group Inc/The | | 1.542%, $2,410,000 par, due 9/10/2027 | | (1) | | 2,362,566 | |
| | | | Government National Mortgage Association | | 0.801%, $4,811,793 par, due 1/20/2069 | | (1) | | 4,898,492 | |
| | | | GS Mortgage Securities Trust 2013-GC16 | | 4.271%, $2,004,000 par, due 11/10/2046 | | (1) | | 2,097,416 | |
| | | | GS Mortgage Securities Trust 2014-GC26 | | 3.629%, $6,460,000 par, due 11/10/2047 | | (1) | | 6,801,753 | |
| | | | GSMS 2012-GCJ7 A4 9.2-Yr CMBS | | 3.377%, $288,513 par, due 5/10/2045 | | (1) | | 288,450 | |
| | | | Gulfstream Natural Gas System LLC | | 6.190%, $1,510,000 par, due 11/1/2025 | | (1) | | 1,738,806 | |
| | | | Halliburton Co | | 3.500%, $22,000 par, due 8/1/2023 | | (1) | | 22,715 | |
| | | | Halliburton Co | | 2.920%, $1,730,000 par, due 3/1/2030 | | (1) | | 1,781,424 | |
| | | | Halliburton Co | | 3.800%, $106,000 par, due 11/15/2025 | | (1) | | 114,003 | |
| | | | Healthpeak Properties Inc | | 3.500%, $580,000 par, due 7/15/2029 | | (1) | | 629,476 | |
| | | | Healthpeak Properties Inc | | 3.250%, $750,000 par, due 7/15/2026 | | (1) | | 796,796 | |
| | | | Healthpeak Properties Inc | | 2.875%, $1,470,000 par, due 1/15/2031 | | (1) | | 1,530,311 | |
| | | | Heineken NV | | 3.500%, $960,000 par, due 1/29/2028 | | (1) | | 1,034,505 | |
| | | | Helios Leasing I LLC | | 1.562%, $246,920 par, due 9/28/2024 | | (1) | | 249,098 | |
| | | | Hexcel Corp | | 4.200%, $1,230,000 par, due 2/15/2027 | | (1) | | 1,321,422 | |
| | | | HOUSTON TX UTILITY SYS REVENUE | | 3.973%, $685,000 par, due 11/15/2031 | | (1) | | 771,488 | |
| | | | HP Inc | | 1.450%, $1,090,000 par, due 6/17/2026 | | (1) | | 1,069,019 | |
| | | | HSBC Holdings PLC | | 3.262%, $1,530,000 par, due 3/13/2023 | | (1) | | 1,537,237 | |
| | | | HSBC Holdings PLC | | 4.292%, $2,280,000 par, due 9/12/2026 | | (1) | | 2,462,617 | |
| | | | HSBC Holdings PLC | | 3.803%, $2,187,000 par, due 3/11/2025 | | (1) | | 2,295,368 | |
| | | | HSBC Holdings PLC | | 2.013%, $2,200,000 par, due 9/22/2028 | | (1) | | 2,155,091 | |
| | | | HSBC Holdings PLC | | 4.583%, $400,000 par, due 6/19/2029 | | (1) | | 448,447 | |
| | | | HSBC Holdings PLC | | 2.871%, $1,970,000 par, due 11/22/2032 | | (1) | | 1,988,691 | |
| | | | Huntington National Bank/The | | 3.550%, $1,511,000 par, due 10/6/2023 | | (1) | | 1,577,221 | |
| | | | Ingredion Inc | | 3.200%, $600,000 par, due 10/1/2026 | | (1) | | 636,090 | |
| | | | Intel Corp | | 3.900%, $1,140,000 par, due 3/25/2030 | | (1) | | 1,295,962 | |
| | | | International Business Machines Corp | | 3.000%, $4,812,000 par, due 5/15/2024 | | (1) | | 5,027,563 | |
| | | | Interstate Power and Light Co | | 4.100%, $1,200,000 par, due 9/26/2028 | | (1) | | 1,332,031 | |
| | | | Interstate Power and Light Co | | 3.250%, $870,000 par, due 12/1/2024 | | (1) | | 913,477 | |
| | | | Jackson National Life Global Funding | | 2.650%, $1,470,000 par, due 6/21/2024 | | (1) | | 1,517,799 | |
| | | | JobsOhio Beverage System | | 2.833%, $610,000 par, due 1/1/2038 | | (1) | | 628,867 | |
| | | | John Deere Capital Corp | | 1.750%, $465,000 par, due 3/9/2027 | | (1) | | 468,468 | |
| | | | Johns Hopkins Health System Corp/The | | 2.420%, $1,935,000 par, due 1/1/2030 | | (1) | | 1,920,679 | |
| | | | JPMBB Commercial Mortgage Sec Trust 2014-C24 | | 3.639%, $3,400,000 par, due 11/15/2047 | | (1) | | 3,580,513 | |
| | | | JPMBB Commercial Mortgage Sec Trust 2014-C26 | | 3.494%, $2,245,000 par, due 1/15/2048 | | (1) | | 2,362,858 | |
| | | | JPMorgan Chase & Co | | 2.182%, $2,500,000 par, due 6/1/2028 | | (1) | | 2,522,075 | |
| | | | JPMorgan Chase & Co | | 2.069%, $660,000 par, due 6/1/2029 | | (1) | | 655,174 | |
| | | | JPMorgan Chase & Co | | 0.768%, $640,000 par, due 8/9/2025 | | (1) | | 629,988 | |
| | | | JPMorgan Chase & Co | | 4.452%, $1,370,000 par, due 12/5/2029 | | (1) | | 1,556,095 | |
| | | | JPMorgan Chase & Co | | 3.782%, $770,000 par, due 2/1/2028 | | (1) | | 834,060 | |
| | | | JPMorgan Chase & Co | | 4.203%, $810,000 par, due 7/23/2029 | | (1) | | 906,814 | |
| | | | JPMorgan Chase & Co | | 3.797%, $121,000 par, due 7/23/2024 | | (1) | | 126,115 | |
| | | | JPMorgan Chase & Co | | 3.960%, $890,000 par, due 1/29/2027 | | (1) | | 962,111 | |
| | | | JPMorgan Chase & Co | | 1.578%, $1,620,000 par, due 4/22/2027 | | (1) | | 1,601,778 | |
| | | | JPMorgan Chase & Co | | 3.559%, $1,240,000 par, due 4/23/2024 | | (1) | | 1,281,503 | |
| | | | JPMorgan Chase & Co | | 1.470%, $2,970,000 par, due 9/22/2027 | | (1) | | 2,913,009 | |
| | | | JPMorgan Chase & Co | | 2.301%, $1,010,000 par, due 10/15/2025 | | (1) | | 1,033,159 | |
| | | | JPMorgan Chase & Co | | 0.969%, $950,000 par, due 6/23/2025 | | (1) | | 940,937 | |
| | | | JPMorgan Chase Comml Mtg Sec Tr | | 4.166%, $770,000 par, due 12/15/2046 | | (1) | | 804,709 | |
| | | | JPMorgan Comm Mtg Sec Tr | | 3.483%, $192,147 par, due 6/15/2045 | | (1) | | 193,241 | |
| | | | JPMorgan Comm Mtg Sec Tr | | 3.143%, $2,455,951 par, due 12/15/2047 | | (1) | | 2,499,554 | |
| | | | Kellogg Co | | 3.400%, $690,000 par, due 11/15/2027 | | (1) | | 743,865 | |
| | | | Kentucky Higher Education Student Loan Corp | | 1.152%, $4,573,178 par, due 11/25/2050 | | (1) | | 4,626,410 | |
| | | | KeyBank NA/Cleveland OH | | 3.400%, $1,320,000 par, due 5/20/2026 | | (1) | | 1,407,152 | |
| | | | KeyCorp | | 2.250%, $840,000 par, due 4/6/2027 | | (1) | | 854,307 | |
| | | | Kimco Realty Corp | | 2.250%, $2,140,000 par, due 12/1/2031 | | (1) | | 2,087,733 | |
| | | | Kimco Realty Corp | | 2.700%, $330,000 par, due 3/1/2024 | | (1) | | 338,923 | |
| | | | Kinder Morgan Inc | | 1.750%, $1,610,000 par, due 11/15/2026 | | (1) | | 1,604,682 | |
| | | | King County Public Hospital District No 2 | | 2.601%, $2,045,000 par, due 12/1/2034 | | (1) | | 2,081,851 | |
| | | | KLA Corp | | 4.100%, $1,330,000 par, due 3/15/2029 | | (1) | | 1,502,542 | |
| | | | Lake Central Multi-District School Building Corp | | 1.651%, $1,695,000 par, due 7/15/2028 | | (1) | | 1,679,931 | |
| | | | Lake Orion Community School District | | 2.434%, $2,250,000 par, due 5/1/2026 | | (1) | | 2,343,848 | |
| | | | Lam Research Corp | | 3.750%, $550,000 par, due 3/15/2026 | | (1) | | 599,000 | |
| | | | Lam Research Corp | | 4.000%, $270,000 par, due 3/15/2029 | | (1) | | 302,571 | |
| | | | Leland Stanford Junior University/The | | 1.289%, $975,000 par, due 6/1/2027 | | (1) | | 960,782 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Lennox International Inc | | 1.350%, $1,190,000 par, due 8/1/2025 | | (1) | | $ | 1,175,202 | |
| | | | Lennox International Inc | | 1.700%, $490,000 par, due 8/1/2027 | | (1) | | 481,794 | |
| | | | Los Angeles Community College District/CA | | 1.606%, $1,500,000 par, due 8/1/2028 | | (1) | | 1,493,700 | |
| | | | Lowe's Cos Inc | | 1.700%, $1,300,000 par, due 9/15/2028 | | (1) | | 1,274,965 | |
| | | | M&T Bank Corp | | 0.805%, $560,000 par, due 7/26/2023 | | (1) | | 564,012 | |
| | | | Magellan Midstream Partners LP | | 5.000%, $1,005,000 par, due 3/1/2026 | | (1) | | 1,122,080 | |
| | | | Magellan Midstream Partners LP | | 3.250%, $1,108,000 par, due 6/1/2030 | | (1) | | 1,164,828 | |
| | | | Marathon Oil Corp | | 4.400%, $1,600,000 par, due 7/15/2027 | | (1) | | 1,753,701 | |
| | | | Marathon Petroleum Corp | | 4.700%, $1,470,000 par, due 5/1/2025 | | (1) | | 1,604,295 | |
| | | | Marsh & McLennan Cos Inc | | 3.300%, $1,020,000 par, due 3/14/2023 | | (1) | | 1,046,832 | |
| | | | Marsh & McLennan Cos Inc | | 4.375%, $1,320,000 par, due 3/15/2029 | | (1) | | 1,505,921 | |
| | | | Martin Marietta Materials Inc | | 2.500%, $670,000 par, due 3/15/2030 | | (1) | | 676,573 | |
| | | | Masco Corp | | 2.000%, $1,790,000 par, due 10/1/2030 | | (1) | | 1,720,233 | |
| | | | Massachusetts Institute of Technology | | 3.959%, $500,000 par, due 7/1/2038 | | (1) | | 608,316 | |
| | | | Massachusetts School Building Authority | | 1.753%, $1,750,000 par, due 8/15/2030 | | (1) | | 1,730,575 | |
| | | | Massachusetts Water Resources Authority | | 2.390%, $3,000,000 par, due 8/1/2033 | | (1) | | 3,038,130 | |
| | | | MassMutual Global Funding II | | 3.400%, $4,845,000 par, due 3/8/2026 | | (1) | | 5,178,913 | |
| | | | Maxim Integrated Products Inc | | 3.450%, $310,000 par, due 6/15/2027 | | (1) | | 334,403 | |
| | | | McCormick & Co Inc/MD | | 2.700%, $734,000 par, due 8/15/2022 | | (1) | | 741,603 | |
| | | | McCormick & Co Inc/MD | | 3.150%, $2,220,000 par, due 8/15/2024 | | (1) | | 2,318,242 | |
| | | | McCormick & Co Inc/MD | | 3.400%, $1,230,000 par, due 8/15/2027 | | (1) | | 1,323,805 | |
| | | | McDonald's Corp | | 1.450%, $990,000 par, due 9/1/2025 | | (1) | | 999,275 | |
| | | | McDonald's Corp | | 3.600%, $365,000 par, due 7/1/2030 | | (1) | | 403,746 | |
| | | | McDonald's Corp | | 3.500%, $780,000 par, due 7/1/2027 | | (1) | | 846,417 | |
| | | | MD Comm Dev Admin Housing Rev | | 3.500%, $220,000 par, due 9/1/2047 | | (1) | | 227,440 | |
| | | | Medtronic Inc | | 3.500%, $258,000 par, due 3/15/2025 | | (1) | | 274,796 | |
| | | | Merck & Co Inc | | 1.700%, $2,230,000 par, due 6/10/2027 | | (1) | | 2,244,787 | |
| | | | Merck & Co Inc | | 1.900%, $740,000 par, due 12/10/2028 | | (1) | | 743,692 | |
| | | | METLIFE SECURITIZATION TRUST 2019-1 | | 3.750%, $938,145 par, due 4/25/2058 | | (1) | | 960,800 | |
| | | | Metropolitan Atlanta Rapid Transit Authority | | 2.561%, $3,445,000 par, due 7/1/2034 | | (1) | | 3,470,390 | |
| | | | Microchip Technology Inc | | 4.333%, $1,140,000 par, due 6/1/2023 | | (1) | | 1,188,370 | |
| | | | Mid-America Apartments LP | | 1.700%, $550,000 par, due 2/15/2031 | | (1) | | 525,823 | |
| | | | Mid-America Apartments LP | | 1.100%, $160,000 par, due 9/15/2026 | | (1) | | 154,745 | |
| | | | Mid-America Apartments LP | | 3.950%, $420,000 par, due 3/15/2029 | | (1) | | 469,271 | |
| | | | Mill City Mortgage Loan Trust 2017-1 | | 2.750%, $44,150 par, due 11/25/2058 | | (1) | | 44,281 | |
| | | | Missouri Higher Education Loan Authority | | 0.672%, $1,703,206 par, due 8/25/2061 | | (1) | | 1,693,975 | |
| | | | Mitsubishi UFJ Financial Group Inc | | 2.193%, $1,600,000 par, due 2/25/2025 | | (1) | | 1,632,330 | |
| | | | Mitsubishi UFJ Financial Group Inc | | 1.538%, $2,180,000 par, due 7/20/2027 | | (1) | | 2,142,415 | |
| | | | Mitsubishi UFJ Financial Group Inc | | 1.640%, $1,440,000 par, due 10/13/2027 | | (1) | | 1,422,040 | |
| | | | MMAF Equipment Finance LLC 2017-A | | 2.680%, $2,036,491 par, due 7/16/2027 | | (1) | | 2,052,530 | |
| | | | MMAF Equipment Finance LLC 2017-B | | 2.410%, $979,617 par, due 11/15/2024 | | (1) | | 985,534 | |
| | | | MMAF Equipment Finance LLC 2018-A | | 3.390%, $1,203,344 par, due 1/10/2025 | | (1) | | 1,219,033 | |
| | | | MMAF Equipment Finance LLC 2019-A | | 2.930%, $1,805,000 par, due 3/10/2026 | | (1) | | 1,850,217 | |
| | | | MMAF Equipment Finance LLC 2019-B | | 2.010%, $4,090,000 par, due 12/12/2024 | | (1) | | 4,134,671 | |
| | | | MO State Higher Ed Std Asst | | 1.104%, $1,065,931 par, due 5/20/2030 | | (1) | | 1,068,886 | |
| | | | Mondelez International Holdings Netherlands BV | | 2.250%, $1,315,000 par, due 9/19/2024 | | (1) | | 1,344,727 | |
| | | | Mondelez International Holdings Netherlands BV | | 1.250%, $1,100,000 par, due 9/24/2026 | | (1) | | 1,072,537 | |
| | | | Monongahela Power Co | | 4.100%, $2,137,000 par, due 4/15/2024 | | (1) | | 2,248,447 | |
| | | | Morgan Stanley | | 2.720%, $540,000 par, due 7/22/2025 | | (1) | | 556,579 | |
| | | | Morgan Stanley | | 2.188%, $1,280,000 par, due 4/28/2026 | | (1) | | 1,305,659 | |
| | | | Morgan Stanley | | 1.593%, $710,000 par, due 5/4/2027 | | (1) | | 702,801 | |
| | | | Morgan Stanley | | 1.512%, $1,080,000 par, due 7/20/2027 | | (1) | | 1,063,590 | |
| | | | Morgan Stanley | | 1.164%, $1,310,000 par, due 10/21/2025 | | (1) | | 1,299,941 | |
| | | | Morgan Stanley | | 3.700%, $1,000,000 par, due 10/23/2024 | | (1) | | 1,065,180 | |
| | | | Morgan Stanley | | 3.950%, $600,000 par, due 4/23/2027 | | (1) | | 660,139 | |
| | | | Morgan Stanley | | 3.875%, $940,000 par, due 1/27/2026 | | (1) | | 1,016,957 | |
| | | | Morgan Stanley | | 3.625%, $2,465,000 par, due 1/20/2027 | | (1) | | 2,674,081 | |
| | | | Morgan Stanley | | 4.431%, $610,000 par, due 1/23/2030 | | (1) | | 695,718 | |
| | | | Morgan Stanley BAML Trust | | 3.176%, $2,240,727 par, due 8/15/2045 | | (1) | | 2,248,249 | |
| | | | Morgan Stanley BAML Trust | | 2.858%, $1,471,813 par, due 11/15/2045 | | (1) | | 1,480,790 | |
| | | | Morgan Stanley BAML Trust | | 3.102%, $2,170,000 par, due 5/15/2046 | | (1) | | 2,207,294 | |
| | | | Morgan Stanley BAML Trust 2014 C19 | | 3.526%, $3,020,000 par, due 12/15/2047 | | (1) | | 3,170,067 | |
| | | | Morgan Stanley BAML Trust 2014-C15 | | 4.051%, $1,155,000 par, due 4/15/2047 | | (1) | | 1,212,356 | |
| | | | MPLX LP | | 1.750%, $810,000 par, due 3/1/2026 | | (1) | | 802,273 | |
| | | | MPLX LP | | 4.000%, $490,000 par, due 3/15/2028 | | (1) | | 531,397 | |
| | | | MS State Higher Ed Asst Co | | 0.783%, $698,729 par, due 10/25/2035 | | (1) | | 700,399 | |
| | | | National Retail Properties Inc | | 4.300%, $650,000 par, due 10/15/2028 | | (1) | | 731,357 | |
| | | | National Retail Properties Inc | | 3.900%, $1,590,000 par, due 6/15/2024 | | (1) | | 1,679,129 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Navient Student Loan Trust 2016-6 | | 0.853%, $195,112 par, due 3/25/2066 | | (1) | | $ | 195,438 | |
| | | | Navient Student Loan Trust 2021-1 | | 0.702%, $3,565,986 par, due 12/26/2069 | | (1) | | 3,568,022 | |
| | | | NC State Edu Asst Auth | | 0.603%, $546,198 par, due 12/26/2039 | | (1) | | 542,828 | |
| | | | Nelnet Student Loan Trust 2021-A | | 1.360%, $3,794,691 par, due 4/20/2062 | | (1) | | 3,728,621 | |
| | | | Nelnet Student Loan Trust 2021-C | | 1.320%, $1,099,775 par, due 4/20/2062 | | (1) | | 1,082,663 | |
| | | | Nelnet Student Loan Trust 2021-D | | 1.630%, $5,591,656 par, due 4/20/2062 | | (1) | | 5,555,288 | |
| | | | Nestle Holdings Inc | | 1.150%, $1,360,000 par, due 1/14/2027 | | (1) | | 1,327,805 | |
| | | | New York and Presbyterian Hospital/The | | 3.563%, $1,375,000 par, due 8/1/2036 | | (1) | | 1,525,222 | |
| | | | New York Hospital for Special Surgery | | 3.737%, $285,000 par, due 4/1/2028 | | (1) | | 309,637 | |
| | | | New York Life Global Funding | | 2.000%, $3,220,000 par, due 1/22/2025 | | (1) | | 3,287,791 | |
| | | | New York State Dormitory Authority | | 2.657%, $1,535,000 par, due 2/15/2028 | | (1) | | 1,585,317 | |
| | | | NextEra Energy Capital Holdings Inc | | 1.875%, $3,135,000 par, due 1/15/2027 | | (1) | | 3,153,594 | |
| | | | Norfolk Southern Corp | | 3.650%, $460,000 par, due 8/1/2025 | | (1) | | 491,900 | |
| | | | North Carolina Housing Finance Agency | | 2.870%, $355,000 par, due 7/1/2032 | | (1) | | 364,897 | |
| | | | North Dakota Public Finance Authority | | 2.580%, $2,630,000 par, due 12/1/2034 | | (1) | | 2,611,248 | |
| | | | North Texas Higher Education Authority Inc | | 0.672%, $3,100,000 par, due 9/25/2061 | | (1) | | 3,106,036 | |
| | | | North Texas Higher Education Authority Inc | | 0.672%, $3,570,000 par, due 10/25/2061 | | (1) | | 3,549,794 | |
| | | | Northern States Power Co/MN | | 2.600%, $1,965,000 par, due 5/15/2023 | | (1) | | 1,994,200 | |
| | | | Northern States Power Co/WI | | 3.300%, $1,100,000 par, due 6/15/2024 | | (1) | | 1,143,311 | |
| | | | Northrop Grumman Corp | | 4.400%, $465,000 par, due 5/1/2030 | | (1) | | 537,025 | |
| | | | Northrop Grumman Corp | | 2.930%, $580,000 par, due 1/15/2025 | | (1) | | 604,401 | |
| | | | Northrop Grumman Corp | | 3.250%, $1,865,000 par, due 1/15/2028 | | (1) | | 1,997,467 | |
| | | | Northstar Edu Fin Inc | | 0.803%, $163,985 par, due 12/26/2031 | | (1) | | 164,056 | |
| | | | NTT Finance Corp | | 1.162%, $1,960,000 par, due 4/3/2026 | | (1) | | 1,923,893 | |
| | | | Nutrien Ltd | | 2.950%, $540,000 par, due 5/13/2030 | | (1) | | 568,820 | |
| | | | NXP BV / NXP Funding LLC / NXP USA Inc | | 2.650%, $1,800,000 par, due 2/15/2032 | | (1) | | 1,807,567 | |
| | | | Occidental Petroleum Corp | | 3.200%, $1,140,000 par, due 8/15/2026 | | (1) | | 1,174,787 | |
| | | | OhioHealth Corp | | 2.297%, $1,410,000 par, due 11/15/2031 | | (1) | | 1,422,125 | |
| | | | Oncor Electric Delivery Co LLC | | 2.750%, $2,652,000 par, due 6/1/2024 | | (1) | | 2,749,432 | |
| | | | Oncor Electric Delivery Co LLC | | 2.750%, $1,160,000 par, due 5/15/2030 | | (1) | | 1,206,330 | |
| | | | Oracle Corp | | 2.650%, $1,300,000 par, due 7/15/2026 | | (1) | | 1,336,707 | |
| | | | Oracle Corp | | 2.950%, $2,220,000 par, due 11/15/2024 | | (1) | | 2,309,306 | |
| | | | Oracle Corp | | 2.950%, $2,465,000 par, due 4/1/2030 | | (1) | | 2,495,453 | |
| | | | Orlando Health Obligated Group | | 3.777%, $1,000,000 par, due 10/1/2028 | | (1) | | 1,091,256 | |
| | | | Orlando Health Obligated Group | | 2.291%, $1,250,000 par, due 10/1/2028 | | (1) | | 1,252,071 | |
| | | | Otis Worldwide Corp | | 2.056%, $1,625,000 par, due 4/5/2025 | | (1) | | 1,652,682 | |
| | | | PacifiCorp | | 3.600%, $1,385,000 par, due 4/1/2024 | | (1) | | 1,451,696 | |
| | | | PacifiCorp | | 2.700%, $475,000 par, due 9/15/2030 | | (1) | | 489,519 | |
| | | | PacifiCorp | | 3.500%, $1,426,000 par, due 6/15/2029 | | (1) | | 1,542,511 | |
| | | | Packaging Corp of America | | 3.400%, $1,100,000 par, due 12/15/2027 | | (1) | | 1,185,484 | |
| | | | Parker-Hannifin Corp | | 2.700%, $884,000 par, due 6/14/2024 | | (1) | | 913,460 | |
| | | | Parker-Hannifin Corp | | 3.300%, $1,600,000 par, due 11/21/2024 | | (1) | | 1,678,862 | |
| | | | Parker-Hannifin Corp | | 3.500%, $680,000 par, due 9/15/2022 | | (1) | | 694,032 | |
| | | | PepsiCo Inc | | 2.625%, $680,000 par, due 3/19/2027 | | (1) | | 712,439 | |
| | | | PerkinElmer Inc | | 1.900%, $1,420,000 par, due 9/15/2028 | | (1) | | 1,387,536 | |
| | | | Pernod Ricard International Finance LLC | | 1.250%, $860,000 par, due 4/1/2028 | | (1) | | 815,298 | |
| | | | Petroleos Mexicanos | | 2.000%, $352,500 par, due 12/20/2022 | | (1) | | 355,352 | |
| | | | Petroleos Mexicanos | | 1.950%, $110,000 par, due 12/20/2022 | | (1) | | 110,844 | |
| | | | Petroleos Mexicanos | | 2.378%, $700,000 par, due 4/15/2025 | | (1) | | 715,825 | |
| | | | Petroleos Mexicanos | | 2.290%, $243,750 par, due 2/15/2024 | | (1) | | 247,284 | |
| | | | PHEAA Student Loan Trust 2016-2 | | 1.053%, $1,471,009 par, due 11/25/2065 | | (1) | | 1,467,461 | |
| | | | Phillips 66 | | 3.900%, $1,210,000 par, due 3/15/2028 | | (1) | | 1,312,344 | |
| | | | Phillips 66 | | 4.300%, $350,000 par, due 4/1/2022 | | (1) | | 353,143 | |
| | | | Pioneer Natural Resources Co | | 1.125%, $2,970,000 par, due 1/15/2026 | | (1) | | 2,885,913 | |
| | | | PNC Bank NA | | 4.050%, $1,030,000 par, due 7/26/2028 | | (1) | | 1,155,762 | |
| | | | PPG Industries Inc | | 2.400%, $1,050,000 par, due 8/15/2024 | | (1) | | 1,082,656 | |
| | | | PPG Industries Inc | | 2.550%, $1,330,000 par, due 6/15/2030 | | (1) | | 1,352,750 | |
| | | | Pricoa Global Funding I | | 1.200%, $630,000 par, due 9/1/2026 | | (1) | | 617,178 | |
| | | | Providence Health & Services Obligated Group | | 4.379%, $275,000 par, due 10/1/2023 | | (1) | | 290,132 | |
| | | | Providence St Joseph Health Obligated Group | | 2.746%, $1,242,000 par, due 10/1/2026 | | (1) | | 1,302,483 | |
| | | | Providence St Joseph Health Obligated Group | | 2.532%, $1,355,000 par, due 10/1/2029 | | (1) | | 1,399,093 | |
| | | | PSNH Funding LLC 3 | | 3.506%, $900,000 par, due 8/1/2028 | | (1) | | 961,005 | |
| | | | Public Service Electric and Gas Co | | 1.900%, $1,760,000 par, due 8/15/2031 | | (1) | | 1,714,592 | |
| | | | Raytheon Technologies Corp | | 4.125%, $1,300,000 par, due 11/16/2028 | | (1) | | 1,455,276 | |
| | | | Raytheon Technologies Corp | | 3.700%, $1,635,000 par, due 12/15/2023 | | (1) | | 1,713,434 | |
| | | | Raytheon Technologies Corp | | 2.250%, $970,000 par, due 7/1/2030 | | (1) | | 968,269 | |
| | | | Reckitt Benckiser Treasury Services PLC | | 2.375%, $281,000 par, due 6/24/2022 | | (1) | | 283,104 | |
| | | | Reckitt Benckiser Treasury Services PLC | | 2.750%, $1,680,000 par, due 6/26/2024 | | (1) | | 1,736,221 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Regions Financial Corp | | 1.800%, $1,570,000 par, due 8/12/2028 | | (1) | | $ | 1,537,170 | |
| | | | RELX Capital Inc | | 3.000%, $220,000 par, due 5/22/2030 | | (1) | | 230,868 | |
| | | | RELX Capital Inc | | 3.500%, $740,000 par, due 3/16/2023 | | (1) | | 761,777 | |
| | | | RELX Capital Inc | | 4.000%, $480,000 par, due 3/18/2029 | | (1) | | 532,832 | |
| | | | RI State Std Ln Authority | | 0.765%, $2,000,475 par, due 9/1/2036 | | (1) | | 1,991,353 | |
| | | | Roche Holdings Inc | | 1.930%, $3,755,000 par, due 12/13/2028 | | (1) | | 3,772,626 | |
| | | | Rochester Gas and Electric Corp | | 3.100%, $2,070,000 par, due 6/1/2027 | | (1) | | 2,186,301 | |
| | | | Rogers Communications Inc | | 3.625%, $775,000 par, due 12/15/2025 | | (1) | | 824,337 | |
| | | | Rolls-Royce PLC | | 3.625%, $780,000 par, due 10/14/2025 | | (1) | | 791,700 | |
| | | | Roper Technologies Inc | | 3.850%, $750,000 par, due 12/15/2025 | | (1) | | 808,628 | |
| | | | Roper Technologies Inc | | 3.800%, $500,000 par, due 12/15/2026 | | (1) | | 548,034 | |
| | | | Roper Technologies Inc | | 1.000%, $430,000 par, due 9/15/2025 | | (1) | | 420,317 | |
| | | | Royal Bank of Canada | | 3.700%, $3,731,000 par, due 10/5/2023 | | (1) | | 3,913,304 | |
| | | | Ryder System Inc | | 3.650%, $1,703,000 par, due 3/18/2024 | | (1) | | 1,791,321 | |
| | | | Ryder System Inc | | 1.750%, $830,000 par, due 9/1/2026 | | (1) | | 824,477 | |
| | | | Sabine Pass Liquefaction LLC | | 4.500%, $890,000 par, due 5/15/2030 | | (1) | | 1,004,868 | |
| | | | San Diego Community College District | | 2.383%, $1,000,000 par, due 8/1/2033 | | (1) | | 1,000,950 | |
| | | | San Diego Community College District | | 2.807%, $3,020,000 par, due 8/1/2032 | | (1) | | 3,153,484 | |
| | | | San Jose Evergreen Community College District | | 2.440%, $1,100,000 par, due 8/1/2029 | | (1) | | 1,155,913 | |
| | | | San Jose Redevelopment Agency Successor Agency | | 3.375%, $1,530,000 par, due 8/1/2034 | | (1) | | 1,606,500 | |
| | | | San Ramon Valley Unified School District/CA | | 1.794%, $2,790,000 par, due 8/1/2029 | | (1) | | 2,776,775 | |
| | | | SBA Small Business Investment Cos | | 2.518%, $3,263,081 par, due 9/10/2027 | | (1) | | 3,375,429 | |
| | | | SBA Small Business Investment Cos | | 2.829%, $1,172,463 par, due 9/10/2025 | | (1) | | 1,199,824 | |
| | | | SBA Small Business Investment Cos | | 1.667%, $2,751,977 par, due 3/10/2031 | | (1) | | 2,768,285 | |
| | | | SBA Small Business Investment Cos | | 1.304%, $4,800,000 par, due 9/10/2031 | | (1) | | 4,775,990 | |
| | | | SBA Small Business Investment Cos | | 2.078%, $4,234,081 par, due 3/10/2030 | | (1) | | 4,285,876 | |
| | | | SBA Small Business Investment Cos | | 3.113%, $4,236,248 par, due 3/10/2029 | | (1) | | 4,438,503 | |
| | | | SBA Small Business Investment Cos | | 2.845%, $4,902,882 par, due 3/10/2027 | | (1) | | 5,054,406 | |
| | | | SBA Small Business Investment Cos | | 2.283%, $3,450,125 par, due 9/10/2029 | | (1) | | 3,503,889 | |
| | | | SBA Small Business Investment Cos | | 3.191%, $260,955 par, due 3/10/2024 | | (1) | | 264,379 | |
| | | | SBA Small Business Investment Cos | | 2.517%, $1,778,434 par, due 3/10/2025 | | (1) | | 1,805,019 | |
| | | | SBA Small Business Investment Cos | | 3.015%, $170,109 par, due 9/10/2024 | | (1) | | 170,952 | |
| | | | SBA Small Business Investment Cos | | 2.507%, $1,393,905 par, due 3/10/2026 | | (1) | | 1,417,269 | |
| | | | SBA Small Business Investment Cos | | 3.548%, $3,721,814 par, due 9/10/2028 | | (1) | | 3,939,130 | |
| | | | SC State Std Ln Corp | | 1.268%, $637,507 par, due 10/27/2036 | | (1) | | 644,309 | |
| | | | SC State Std Ln Corp | | 0.603%, $156,931 par, due 1/25/2041 | | (1) | | 156,015 | |
| | | | SC State Std Ln Corp | | 0.849%, $982,844 par, due 5/1/2030 | | (1) | | 984,763 | |
| | | | Schlumberger Finance Canada Ltd | | 2.650%, $620,000 par, due 11/20/2022 | | (1) | | 630,004 | |
| | | | Sealed Air Corp | | 1.573%, $750,000 par, due 10/15/2026 | | (1) | | 727,624 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2018-3 | | 3.500%, $3,438,329 par, due 8/25/2057 | | (1) | | 3,567,150 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2019-1 | | 4.000%, $1,561,698 par, due 7/25/2058 | | (1) | | 1,662,727 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2019-2 | | 4.000%, $1,848,847 par, due 8/25/2058 | | (1) | | 1,963,661 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2020-2 | | 2.000%, $5,004,212 par, due 11/25/2059 | | (1) | | 4,998,932 | |
| | | | Seasoned Credit Risk Transfer Trust Series 2020-3 | | 2.500%, $4,626,874 par, due 5/25/2060 | | (1) | | 4,662,852 | |
| | | | Shell International Finance BV | | 2.750%, $1,110,000 par, due 4/6/2030 | | (1) | | 1,160,547 | |
| | | | Shell International Finance BV | | 3.250%, $395,000 par, due 5/11/2025 | | (1) | | 420,556 | |
| | | | Sherwin-Williams Co/The | | 2.300%, $700,000 par, due 5/15/2030 | | (1) | | 698,783 | |
| | | | Sherwin-Williams Co/The | | 3.300%, $911,000 par, due 2/1/2025 | | (1) | | 951,570 | |
| | | | Sherwin-Williams Co/The | | 2.950%, $500,000 par, due 8/15/2029 | | (1) | | 526,479 | |
| | | | Sherwin-Williams Co/The | | 2.750%, $27,000 par, due 6/1/2022 | | (1) | | 27,186 | |
| | | | Sherwin-Williams Co/The | | 3.450%, $860,000 par, due 6/1/2027 | | (1) | | 930,994 | |
| | | | Siemens Financieringsmaatschappij NV | | 1.200%, $880,000 par, due 3/11/2026 | | (1) | | 866,081 | |
| | | | Simon Property Group LP | | 2.000%, $1,620,000 par, due 9/13/2024 | | (1) | | 1,649,129 | |
| | | | Simon Property Group LP | | 3.375%, $1,000,000 par, due 10/1/2024 | | (1) | | 1,052,061 | |
| | | | SLM Student Loan Trust 2003-10 | | 0.873%, $3,850,000 par, due 12/17/2068 | | (1) | | 3,860,595 | |
| | | | SMALL BUSINESS ADMINISTRATION | | 2.130%, $467,677 par, due 1/1/2033 | | (1) | | 473,049 | |
| | | | Solano County Community College District | | 1.641%, $2,370,000 par, due 8/1/2029 | | (1) | | 2,329,971 | |
| | | | Solano County Community College District | | 1.479%, $890,000 par, due 8/1/2028 | | (1) | | 875,680 | |
| | | | Southern California Edison Co | | 2.400%, $570,000 par, due 2/1/2022 | | (1) | | 570,846 | |
| | | | Stanford Health Care | | 3.310%, $560,000 par, due 8/15/2030 | | (1) | | 602,303 | |
| | | | Stanley Black & Decker Inc | | 3.400%, $1,630,000 par, due 3/1/2026 | | (1) | | 1,738,685 | |
| | | | Starbucks Corp | | 2.000%, $715,000 par, due 3/12/2027 | | (1) | | 723,683 | |
| | | | State of Hawaii | | 1.518%, $1,000,000 par, due 10/1/2028 | | (1) | | 985,910 | |
| | | | State of Hawaii | | 2.422%, $855,000 par, due 10/1/2034 | | (1) | | 870,698 | |
| | | | State of Hawaii | | 1.710%, $3,175,000 par, due 8/1/2028 | | (1) | | 3,171,253 | |
| | | | State of Texas | | 2.704%, $2,410,000 par, due 4/1/2031 | | (1) | | 2,571,494 | |
| | | | State of Texas | | 4.631%, $1,250,000 par, due 4/1/2033 | | (1) | | 1,526,737 | |
| | | | State of Utah | | 4.554%, $155,000 par, due 7/1/2024 | | (1) | | 163,234 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | State of Utah | | 3.539%, $2,410,000 par, due 7/1/2025 | | (1) | | $ | 2,519,028 | |
| | | | State of Wisconsin | | 2.501%, $2,000,000 par, due 5/1/2032 | | (1) | | 2,120,920 | |
| | | | State of Wisconsin | | 2.002%, $1,580,000 par, due 5/1/2034 | | (1) | | 1,566,586 | |
| | | | State Street Corp | | 2.653%, $2,470,000 par, due 5/15/2023 | | (1) | | 2,487,964 | |
| | | | State Street Corp | | 3.776%, $567,000 par, due 12/3/2024 | | (1) | | 597,000 | |
| | | | State Street Corp | | 1.684%, $2,310,000 par, due 11/18/2027 | | (1) | | 2,314,678 | |
| | | | Student Loan Corp | | 0.924%, $511,531 par, due 4/25/2037 | | (1) | | 510,697 | |
| | | | Student Loan Corp | | 0.802%, $429,088 par, due 7/25/2036 | | (1) | | 428,035 | |
| | | | Sumitomo Mitsui Financial Group Inc | | 1.902%, $1,780,000 par, due 9/17/2028 | | (1) | | 1,746,541 | |
| | | | Sumitomo Mitsui Financial Group Inc | | 2.348%, $3,180,000 par, due 1/15/2025 | | (1) | | 3,259,656 | |
| | | | Tayarra Ltd | | 3.628%, $25,787 par, due 2/15/2022 | | (1) | | 25,872 | |
| | | | Texas A&M University | | 3.256%, $750,000 par, due 5/15/2029 | | (1) | | 805,320 | |
| | | | Texas A&M University | | 3.477%, $1,000,000 par, due 5/15/2031 | | (1) | | 1,095,160 | |
| | | | Texas Transportation Commission | | 1.533%, $1,000,000 par, due 10/1/2029 | | (1) | | 978,160 | |
| | | | Texas Transportation Commission State Highway Fund | | 5.178%, $1,200,000 par, due 4/1/2030 | | (1) | | 1,440,588 | |
| | | | Thermo Fisher Scientific Inc | | 1.215%, $2,720,000 par, due 10/18/2024 | | (1) | | 2,717,443 | |
| | | | Thermo Fisher Scientific Inc | | 1.750%, $650,000 par, due 10/15/2028 | | (1) | | 646,340 | |
| | | | T-Mobile USA Inc | | 2.400%, $1,110,000 par, due 3/15/2029 | | (1) | | 1,121,739 | |
| | | | Toronto-Dominion Bank/The | | 0.750%, $1,260,000 par, due 9/11/2025 | | (1) | | 1,226,866 | |
| | | | Toronto-Dominion Bank/The | | 3.250%, $1,908,000 par, due 3/11/2024 | | (1) | | 1,994,200 | |
| | | | TotalEnergies Capital International SA | | 2.434%, $250,000 par, due 1/10/2025 | | (1) | | 257,735 | |
| | | | TotalEnergies Capital International SA | | 3.700%, $793,000 par, due 1/15/2024 | | (1) | | 833,675 | |
| | | | Towd Point Mortgage Trust 2015-6 | | 3.500%, $4,873 par, due 4/25/2055 | | (1) | | 4,869 | |
| | | | Towd Point Mortgage Trust 2016-3 | | 2.250%, $53,299 par, due 4/25/2056 | | (1) | | 53,312 | |
| | | | Towd Point Mortgage Trust 2016-4 | | 2.250%, $24,880 par, due 7/25/2056 | | (1) | | 24,963 | |
| | | | Towd Point Mortgage Trust 2017-1 | | 2.750%, $574,696 par, due 10/25/2056 | | (1) | | 579,650 | |
| | | | Towd Point Mortgage Trust 2017-5 | | 0.692%, $63,641 par, due 2/25/2057 | | (1) | | 63,608 | |
| | | | Towd Point Mortgage Trust 2017-6 | | 2.750%, $80,391 par, due 10/25/2057 | | (1) | | 81,382 | |
| | | | Towd Point Mortgage Trust 2019-4 | | 2.900%, $4,261,184 par, due 10/25/2059 | | (1) | | 4,343,165 | |
| | | | Towd Point Mortgage Trust 2019-HY1 | | 1.102%, $1,015,293 par, due 10/25/2048 | | (1) | | 1,019,360 | |
| | | | Towd Point Mortgage Trust 2019-HY2 | | 1.102%, $937,264 par, due 5/25/2058 | | (1) | | 940,782 | |
| | | | Town of Andover MA | | 2.323%, $1,000,000 par, due 11/1/2033 | | (1) | | 1,006,310 | |
| | | | Toyota Auto Loan Extended Note Trust 2019-1 | | 2.560%, $3,255,000 par, due 11/25/2031 | | (1) | | 3,361,504 | |
| | | | Toyota Auto Loan Extended Note Trust 2020-1 | | 1.350%, $3,875,000 par, due 5/25/2033 | | (1) | | 3,865,270 | |
| | | | Toyota Auto Loan Extended Note Trust 2021-1 | | 1.070%, $5,980,000 par, due 2/27/2034 | | (1) | | 5,867,343 | |
| | | | Toyota Motor Credit Corp | | 1.125%, $520,000 par, due 6/18/2026 | | (1) | | 512,399 | |
| | | | Trane Technologies Global Holding Co Ltd | | 3.750%, $1,330,000 par, due 8/21/2028 | | (1) | | 1,453,888 | |
| | | | Trane Technologies Luxembourg Finance SA | | 3.500%, $1,310,000 par, due 3/21/2026 | | (1) | | 1,389,873 | |
| | | | Transcontinental Gas Pipe Line Co LLC | | 3.250%, $1,205,000 par, due 5/15/2030 | | (1) | | 1,271,350 | |
| | | | Trinity Health | | 3.084%, $2,235,000 par, due 12/1/2034 | | (1) | | 2,391,294 | |
| | | | Truist Bank | | 3.200%, $1,935,000 par, due 4/1/2024 | | (1) | | 2,025,837 | |
| | | | Truist Financial Corp | | 4.000%, $390,000 par, due 5/1/2025 | | (1) | | 420,985 | |
| | | | TSMC Arizona Corp | | 1.750%, $1,100,000 par, due 10/25/2026 | | (1) | | 1,101,153 | |
| | | | TSMC Global Ltd | | 1.250%, $1,450,000 par, due 4/23/2026 | | (1) | | 1,421,154 | |
| | | | TSMC Global Ltd | | 1.000%, $1,370,000 par, due 9/28/2027 | | (1) | | 1,294,143 | |
| | | | UBS Commercial Mortgage Trust 2012-C1 | | 3.400%, $8,648 par, due 5/10/2045 | | (1) | | 8,640 | |
| | | | UBS Group AG | | 1.494%, $1,500,000 par, due 8/10/2027 | | (1) | | 1,464,145 | |
| | | | UBS Group AG | | 2.859%, $340,000 par, due 8/15/2023 | | (1) | | 344,089 | |
| | | | UBS Group AG | | 1.364%, $2,000,000 par, due 1/30/2027 | | (1) | | 1,955,866 | |
| | | | UBS-Barclays Commercial Mortgage Trust 2012-C4 | | 2.850%, $4,770,000 par, due 12/10/2045 | | (1) | | 4,804,902 | |
| | | | UDR Inc | | 3.500%, $1,380,000 par, due 1/15/2028 | | (1) | | 1,480,280 | |
| | | | Unilever Capital Corp | | 3.250%, $720,000 par, due 3/7/2024 | | (1) | | 753,849 | |
| | | | Union Electric Co | | 2.950%, $1,460,000 par, due 3/15/2030 | | (1) | | 1,535,605 | |
| | | | Union Electric Co | | 2.950%, $850,000 par, due 6/15/2027 | | (1) | | 894,644 | |
| | | | Union Pacific Corp | | 3.500%, $457,000 par, due 6/8/2023 | | (1) | | 472,740 | |
| | | | Union Pacific Corp | | 3.750%, $2,160,000 par, due 7/15/2025 | | (1) | | 2,334,249 | |
| | | | Union Pacific Corp | | 2.950%, $481,000 par, due 1/15/2023 | | (1) | | 489,404 | |
| | | | United States Small Business Administration | | 3.210%, $657,115 par, due 3/1/2034 | | (1) | | 687,434 | |
| | | | United States Small Business Administration | | 5.540%, $52,989 par, due 9/1/2026 | | (1) | | 55,396 | |
| | | | United States Small Business Administration | | 5.600%, $248,734 par, due 9/1/2028 | | (1) | | 267,744 | |
| | | | United States Small Business Administration | | 3.230%, $696,055 par, due 2/1/2034 | | (1) | | 728,259 | |
| | | | United States Small Business Administration | | 5.630%, $292,552 par, due 10/1/2028 | | (1) | | 316,883 | |
| | | | United States Small Business Administration | | 3.370%, $1,673,421 par, due 10/1/2033 | | (1) | | 1,767,785 | |
| | | | United States Small Business Administration | | 2.840%, $2,284,018 par, due 4/1/2037 | | (1) | | 2,391,363 | |
| | | | United States Small Business Administration | | 2.850%, $1,906,947 par, due 10/1/2037 | | (1) | | 1,990,976 | |
| | | | United States Small Business Administration | | 5.510%, $171,353 par, due 11/1/2027 | | (1) | | 184,702 | |
| | | | United States Small Business Administration | | 5.310%, $146,645 par, due 5/1/2027 | | (1) | | 156,763 | |
| | | | United States Small Business Administration | | 6.770%, $83,901 par, due 11/1/2028 | | (1) | | 92,564 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | United States Small Business Administration | | 5.680%, $90,444 par, due 6/1/2028 | | (1) | | $ | 97,888 | |
| | | | United States Small Business Administration | | 2.980%, $1,074,496 par, due 6/1/2035 | | (1) | | 1,122,145 | |
| | | | United States Small Business Administration | | 2.810%, $457,697 par, due 12/1/2036 | | (1) | | 483,118 | |
| | | | United States Small Business Administration | | 2.810%, $2,512,673 par, due 6/1/2037 | | (1) | | 2,631,731 | |
| | | | United States Small Business Administration | | 2.780%, $2,235,477 par, due 12/1/2037 | | (1) | | 2,361,312 | |
| | | | United States Small Business Administration | | 5.720%, $840,119 par, due 1/1/2029 | | (1) | | 905,915 | |
| | | | United States Small Business Administration | | 3.150%, $1,073,538 par, due 7/1/2033 | | (1) | | 1,123,368 | |
| | | | United States Small Business Administration | | 2.800%, $1,284,327 par, due 1/1/2037 | | (1) | | 1,352,330 | |
| | | | United States Small Business Administration | | 2.980%, $1,067,138 par, due 7/1/2037 | | (1) | | 1,134,032 | |
| | | | United States Small Business Administration | | 2.880%, $751,577 par, due 7/1/2035 | | (1) | | 782,657 | |
| | | | United States Treasury Note/Bond | | 1.375%, $7,550,000 par, due 11/15/2031 | | (1) | | 7,463,885 | |
| | | | United States Treasury Note/Bond | | 0.875%, $29,600,000 par, due 6/30/2026 | | (1) | | 29,146,765 | |
| | | | United States Treasury Note/Bond | | 2.125%, $2,250,000 par, due 5/31/2026 | | (1) | | 2,338,243 | |
| | | | United States Treasury Note/Bond | | 2.875%, $2,000,000 par, due 11/30/2025 | | (1) | | 2,132,656 | |
| | | | United States Treasury Note/Bond | | 0.750%, $7,300,000 par, due 5/31/2026 | | (1) | | 7,154,000 | |
| | | | United States Treasury Note/Bond | | 1.250%, $16,000,000 par, due 5/31/2028 | | (1) | | 15,855,008 | |
| | | | United States Treasury Note/Bond | | 1.250%, $4,625,000 par, due 8/15/2031 | | (1) | | 4,527,440 | |
| | | | United States Treasury Note/Bond | | 3.000%, $2,000,000 par, due 10/31/2025 | | (1) | | 2,139,844 | |
| | | | United States Treasury Note/Bond | | 2.375%, $2,000,000 par, due 4/30/2026 | | (1) | | 2,098,516 | |
| | | | United States Treasury Note/Bond | | 0.250%, $29,950,000 par, due 10/31/2025 | | (1) | | 28,959,074 | |
| | | | United States Treasury Note/Bond | | 0.750%, $7,075,000 par, due 4/30/2026 | | (1) | | 6,938,474 | |
| | | | United States Treasury Note/Bond | | 1.250%, $14,000,000 par, due 4/30/2028 | | (1) | | 13,884,066 | |
| | | | United States Treasury Note/Bond | | 3.125%, $6,500,000 par, due 11/15/2028 | | (1) | | 7,230,743 | |
| | | | United States Treasury Note/Bond | | 0.625%, $27,529,000 par, due 5/15/2030 | | (1) | | 25,766,511 | |
| | | | United States Treasury Note/Bond | | 0.875%, $1,039,000 par, due 11/15/2030 | | (1) | | 988,917 | |
| | | | United States Treasury Note/Bond | | 0.250%, $7,425,000 par, due 9/30/2025 | | (1) | | 7,192,969 | |
| | | | United States Treasury Note/Bond | | 0.750%, $21,817,000 par, due 3/31/2026 | | (1) | | 21,413,887 | |
| | | | United States Treasury Note/Bond | | 0.625%, $11,700,000 par, due 7/31/2026 | | (1) | | 11,383,281 | |
| | | | United States Treasury Note/Bond | | 2.875%, $8,000,000 par, due 7/31/2025 | | (1) | | 8,504,688 | |
| | | | United States Treasury Note/Bond | | 0.375%, $14,975,000 par, due 1/31/2026 | | (1) | | 14,494,168 | |
| | | | United States Treasury Note/Bond | | 2.625%, $16,000,000 par, due 2/15/2029 | | (1) | | 17,311,872 | |
| | | | United States Treasury Note/Bond | | 1.500%, $35,100,000 par, due 2/15/2030 | | (1) | | 35,315,268 | |
| | | | United States Treasury Note/Bond | | 0.625%, $16,320,000 par, due 8/15/2030 | | (1) | | 15,236,254 | |
| | | | UnitedHealth Group Inc | | 3.500%, $1,310,000 par, due 2/15/2024 | | (1) | | 1,380,796 | |
| | | | University of California | | 3.349%, $1,170,000 par, due 7/1/2029 | | (1) | | 1,285,444 | |
| | | | University of Colorado | | 2.447%, $965,000 par, due 6/1/2026 | | (1) | | 1,006,910 | |
| | | | University of North Carolina at Chapel Hill | | 3.327%, $500,000 par, due 12/1/2036 | | (1) | | 554,085 | |
| | | | UNIVERSITY OF PENNSYLVANIA | | 2.942%, $1,500,000 par, due 8/15/2039 | | (1) | | 1,560,360 | |
| | | | US Bancorp | | 2.400%, $980,000 par, due 7/30/2024 | | (1) | | 1,012,707 | |
| | | | US Bank NA/Cincinnati OH | | 2.050%, $820,000 par, due 1/21/2025 | | (1) | | 838,957 | |
| | | | US Bank NA/Cincinnati OH | | 2.800%, $540,000 par, due 1/27/2025 | | (1) | | 564,175 | |
| | | | USAA Capital Corp | | 2.125%, $190,000 par, due 5/1/2030 | | (1) | | 190,160 | |
| | | | Ventas Realty LP | | 4.400%, $1,370,000 par, due 1/15/2029 | | (1) | | 1,556,049 | |
| | | | Ventas Realty LP | | 3.500%, $721,000 par, due 2/1/2025 | | (1) | | 760,293 | |
| | | | Ventas Realty LP | | 2.650%, $200,000 par, due 1/15/2025 | | (1) | | 206,111 | |
| | | | Verizon Communications Inc | | 2.625%, $530,000 par, due 8/15/2026 | | (1) | | 552,080 | |
| | | | Verizon Communications Inc | | 2.100%, $2,390,000 par, due 3/22/2028 | | (1) | | 2,396,486 | |
| | | | Verizon Communications Inc | | 4.125%, $460,000 par, due 3/16/2027 | | (1) | | 511,312 | |
| | | | Verizon Communications Inc | | 2.355%, $1,603,000 par, due 3/15/2032 | | (1) | | 1,581,425 | |
| | | | Verizon Owner Trust 2018-A | | 3.230%, $11,796 par, due 4/20/2023 | | (1) | | 11,815 | |
| | | | Verizon Owner Trust 2019-A | | 2.930%, $718,637 par, due 9/20/2023 | | (1) | | 722,573 | |
| | | | Verizon Owner Trust 2019-C | | 1.940%, $5,808,832 par, due 4/22/2024 | | (1) | | 5,848,634 | |
| | | | Verizon Owner Trust 2020-C | | 0.410%, $4,820,000 par, due 4/21/2025 | | (1) | | 4,797,953 | |
| | | | Vermont Std Asst Corp | | 0.803%, $1,606,349 par, due 7/28/2034 | | (1) | | 1,599,747 | |
| | | | Virginia Housing Development Authority | | 3.100%, $361,579 par, due 6/25/2041 | | (1) | | 365,130 | |
| | | | Vodafone Group PLC | | 4.125%, $880,000 par, due 5/30/2025 | | (1) | | 951,216 | |
| | | | Volkswagen Group of America Finance LLC | | 3.350%, $700,000 par, due 5/13/2025 | | (1) | | 736,778 | |
| | | | Volkswagen Group of America Finance LLC | | 2.850%, $590,000 par, due 9/26/2024 | | (1) | | 610,212 | |
| | | | Walt Disney Co/The | | 3.800%, $1,385,000 par, due 3/22/2030 | | (1) | | 1,555,140 | |
| | | | Washington & Multnomah Counties School Dist No 48J | | 1.407%, $2,355,000 par, due 6/15/2027 | | (1) | | 2,340,093 | |
| | | | WEC Energy Group Inc | | 2.200%, $665,000 par, due 12/15/2028 | | (1) | | 664,530 | |
| | | | WEC Energy Group Inc | | 3.550%, $386,000 par, due 6/15/2025 | | (1) | | 408,876 | |
* | | | | Wells Fargo Commercial Mortgage Trust 2013-LC12 | | 4.218%, $743,000 par, due 7/15/2046 | | (1) | | 769,368 | |
| | | | Welltower Inc | | 3.625%, $308,000 par, due 3/15/2024 | | (1) | | 323,977 | |
| | | | Welltower Inc | | 4.125%, $2,191,000 par, due 3/15/2029 | | (1) | | 2,452,154 | |
| | | | Welltower Inc | | 2.050%, $550,000 par, due 1/15/2029 | | (1) | | 541,782 | |
| | | | West Haymarket Joint Public Agency | | 5.400%, $1,250,000 par, due 12/15/2030 | | (1) | | 1,531,362 | |
| | | | WFRBS Commercial Mortgage Trust 2013-C11 | | 3.071%, $3,562,078 par, due 3/15/2045 | | (1) | | 3,610,971 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | WFRBS Commercial Mortgage Trust 2013-C12 | | 3.198%, $2,585,047 par, due 3/15/2048 | | (1) | | $ | 2,625,043 | |
| | | | WFRBS Commercial Mortgage Trust 2013-C17 | | 4.023%, $468,000 par, due 12/15/2046 | | (1) | | 487,339 | |
| | | | WFRBS Commercial Mortgage Trust 2013-UBS1 | | 4.079%, $1,130,330 par, due 3/15/2046 | | (1) | | 1,178,785 | |
| | | | WFRBS Commercial Mortgage Trust 2014-C20 | | 3.995%, $3,274,000 par, due 5/15/2047 | | (1) | | 3,429,875 | |
| | | | Wisconsin Electric Power Co | | 2.050%, $1,920,000 par, due 12/15/2024 | | (1) | | 1,965,030 | |
| | | | WISCONSIN ST GEN FUND APPROP | | 2.096%, $1,480,000 par, due 5/1/2026 | | (1) | | 1,515,816 | |
| | | | WRKCo Inc | | 4.650%, $330,000 par, due 3/15/2026 | | (1) | | 368,130 | |
| | | | WRKCo Inc | | 3.000%, $1,260,000 par, due 9/15/2024 | | (1) | | 1,313,794 | |
| | | | WRKCo Inc | | 3.900%, $920,000 par, due 6/1/2028 | | (1) | | 1,008,010 | |
| | | | Xcel Energy Inc | | 1.750%, $465,000 par, due 3/15/2027 | | (1) | | 461,110 | |
| | | | Yale University | | 1.482%, $1,465,000 par, due 4/15/2030 | | (1) | | 1,431,324 | |
| | | | BlackRock Treasury Trust Fund | | 41,359,466 shares | | (1) | | 41,359,466 | |
| | | | | | | | | | 1,474,202,983 | |
| | | | | | Accrued income receivable | | | | 6,548,176 | |
| | | | | | Payable for securities purchased on a forward | | | | |
| | | | | | | | | commitment basis | | | (37,021,829) | |
| | | | | | | | Receivable for securities sold on a forward | | | |
| | | | | | | commitment basis | | | | 10,201,667 | |
| | | | | | Receivables for investment payments due | | | | 108,981 | |
| | | | | | | Total | | | | 1,454,039,978 | |
| | | | | | | | | | | | | |
| | | American General Life Ins. Co. | | 1.72% | | (1) | | — | |
| | | Massachsetts Mutual Life Ins. Co. | | 1.89% | | (1) | | — | |
| | | Nationwide Life Ins. Co. | | 1.95% | | (1) | | — | |
| | | Pacific Life Ins. Co. | | 2.05% | | (1) | | — | |
| | | Prudential Ins. Co. of America | | 2.11% | | (1) | | — | |
| | | Royal Bank of Canada | | 1.79% | | (1) | | — | |
| | | State Street Bank and TrustCo. | | 1.95% | | (1) | | — | |
| | | Transamerica Premier Life Ins. Co. | | 1.98% | | (1) | | — | |
| | | Voya Ins. and Annuity Co. | | 1.76% | | (1) | | — | |
| | | | 3M Co | | 2.650%, $230,000 par, due 4/15/2025 | | (1) | | 240,157 | |
| | | | AbbVie Inc | | 2.950%, $785,000 par, due 11/21/2026 | | (1) | | 827,649 | |
| | | | AbbVie Inc | | 3.200%, $1,285,000 par, due 11/21/2029 | | (1) | | 1,375,194 | |
| | | | AerCap Ireland Capital DAC | | 1.650%, $1,090,000 par, due 10/29/2024 | | (1) | | 1,088,256 | |
| | | | Ally Auto Rec | | 1.840%, $82,651 par, due 11/15/2022 | | (1) | | 83,063 | |
| | | | Altria Group Inc | | 2.350%, $525,000 par, due 5/6/2025 | | (1) | | 537,542 | |
| | | | Amazon.com Inc | | 1.650%, $1,065,000 par, due 5/12/2028 | | (1) | | 1,067,375 | |
| | | | American Electric Power Co Inc | | 1.000%, $570,000 par, due 11/1/2025 | | (1) | | 557,608 | |
| | | | American Honda Finance Corp | | 2.000%, $650,000 par, due 3/24/2028 | | (1) | | 656,962 | |
| | | | American International Group Inc | | 3.900%, $440,000 par, due 4/1/2026 | | (1) | | 477,105 | |
| | | | American Tower Corp | | 1.875%, $1,125,000 par, due 10/15/2030 | | (1) | | 1,064,273 | |
| | | | Amgen Inc | | 2.200%, $1,065,000 par, due 2/21/2027 | | (1) | | 1,090,784 | |
| | | | Anheuser-Busch InBev SA/NV | | 3.650%, $725,000 par, due 2/1/2026 | | (1) | | 778,766 | |
| | | | Anthem Inc | | 2.375%, $310,000 par, due 1/15/2025 | | (1) | | 319,750 | |
| | | | Anthem Inc | | 2.375%, $310,000 par, due 1/15/2025 | | (1) | | 1,410,858 | |
| | | | Apple Inc | | 1.400%, $305,000 par, due 8/5/2028 | | (1) | | 298,830 | |
| | | | AT&T Inc | | 1.650%, $845,000 par, due 2/1/2028 | | (1) | | 827,779 | |
| | | | AT&T Inc | | 4.350%, $885,000 par, due 3/1/2029 | | (1) | | 994,917 | |
| | | | AvalonBay Communities Inc | | 2.450%, $890,000 par, due 1/15/2031 | | (1) | | 913,176 | |
| | | | Bank of America Corp | | 2.087%, $1,195,000 par, due 6/14/2029 | | (1) | | 1,187,615 | |
| | | | Bank of America Corp | | 3.194%, $265,000 par, due 7/23/2030 | | (1) | | 279,723 | |
| | | | Bank of America Corp | | 3.419%, $2,750,000 par, due 12/20/2028 | | (1) | | 2,938,155 | |
| | | | Bank of America Corp | | 3.974%, $1,060,000 par, due 2/7/2030 | | (1) | | 1,168,618 | |
| | | | Bank of America Corp | | 4.000%, $245,000 par, due 1/22/2025 | | (1) | | 261,738 | |
| | | | Bank of America Corp | | 4.450%, $735,000 par, due 3/3/2026 | | (1) | | 809,603 | |
| | | | BAT Capital Corp | | 2.259%, $1,250,000 par, due 3/25/2028 | | (1) | | 1,219,038 | |
| | | | Berkshire Hathaway Energy Co | | 3.700%, $1,305,000 par, due 7/15/2030 | | (1) | | 1,442,625 | |
| | | | Berkshire Hathaway Energy Co | | 4.050%, $640,000 par, due 4/15/2025 | | (1) | | 692,698 | |
| | | | BMW US Capital LLC | | 3.800%, $550,000 par, due 4/6/2023 | | (1) | | 570,328 | |
| | | | Boeing Co/The | | 2.700%, $480,000 par, due 2/1/2027 | | (1) | | 488,352 | |
| | | | Boeing Co/The | | 4.508%, $790,000 par, due 5/1/2023 | | (1) | | 825,187 | |
| | | | Boston Gas Co | | 3.001%, $365,000 par, due 8/1/2029 | | (1) | | 372,380 | |
| | | | Boston Properties LP | | 3.400%, $1,105,000 par, due 6/21/2029 | | (1) | | 1,173,875 | |
| | | | BP Capital Markets America Inc | | 3.194%, $825,000 par, due 4/6/2025 | | (1) | | 869,847 | |
| | | | Brazos Ed Loans | | 2.060%, $465,000 par, due 3/25/2034 | | (1) | | 465,660 | |
| | | | Bristol-Myers Squibb Co | | 3.200%, $560,000 par, due 6/15/2026 | | (1) | | 602,465 | |
| | | | Chevron Corp | | 1.995%, $390,000 par, due 5/11/2027 | | (1) | | 396,092 | |
| | | | Chevron USA Inc | | 1.018%, $505,000 par, due 8/12/2027 | | (1) | | 486,638 | |
| | | | Citibank CC Issuance Trust | | 0.879%, $1,820,000 par, due 5/14/2027 | | (1) | | 1,843,660 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Citigroup Inc | | 3.142%, $1,410,000 par, due 1/24/2023 | | (1) | | $ | 1,411,777 | |
| | | | Citigroup Inc | | 3.200%, $1,135,000 par, due 10/21/2026 | | (1) | | 1,203,418 | |
| | | | Citigroup Inc | | 3.352%, $680,000 par, due 4/24/2025 | | (1) | | 710,144 | |
| | | | Citigroup Inc | | 3.700%, $690,000 par, due 1/12/2026 | | (1) | | 746,449 | |
| | | | Citigroup Inc | | 4.412%, $625,000 par, due 3/31/2031 | | (1) | | 714,475 | |
| | | | Citigroup Inc | | 4.600%, $1,205,000 par, due 3/9/2026 | | (1) | | 1,329,477 | |
| | | | Comcast Corp | | 1.500%, $1,595,000 par, due 2/15/2031 | | (1) | | 1,507,323 | |
| | | | Comcast Corp | | 3.300%, $510,000 par, due 4/1/2027 | | (1) | | 548,495 | |
| | | | Comcast Corp | | 3.950%, $990,000 par, due 10/15/2025 | | (1) | | 1,081,288 | |
| | | | Credit Suisse Group AG | | 4.207%, $1,035,000 par, due 6/12/2024 | | (1) | | 1,076,980 | |
| | | | CVS Health Corp | | 3.625%, $1,225,000 par, due 4/1/2027 | | (1) | | 1,330,056 | |
| | | | CVS Health Corp | | 3.750%, $450,000 par, due 4/1/2030 | | (1) | | 493,830 | |
| | | | CVS Health Corp | | 4.300%, $215,000 par, due 3/25/2028 | | (1) | | 241,445 | |
| | | | CVS Health Corp | | 4.780%, $245,000 par, due 3/25/2038 | | (1) | | 299,434 | |
| | | | Daimler Finance North America LLC | | 2.700%, $1,215,000 par, due 6/14/2024 | | (1) | | 1,255,970 | |
| | | | Dow Chemical Co/The | | 3.625%, $615,000 par, due 5/15/2026 | | (1) | | 662,878 | |
| | | | DTE Energy Co | | 2.529%, $590,000 par, due 10/1/2024 | | (1) | | 607,376 | |
| | | | Duke Energy Florida LLC | | 1.750%, $1,330,000 par, due 6/15/2030 | | (1) | | 1,277,771 | |
| | | | Duke Energy Florida LLC | | 3.200%, $475,000 par, due 1/15/2027 | | (1) | | 505,628 | |
| | | | Duke Energy Ohio Inc | | 2.125%, $285,000 par, due 6/1/2030 | | (1) | | 280,694 | |
| | | | DuPont de Nemours Inc | | 4.493%, $1,255,000 par, due 11/15/2025 | | (1) | | 1,387,340 | |
| | | | Emerson Electric Co | | 2.000%, $1,315,000 par, due 12/21/2028 | | (1) | | 1,313,764 | |
| | | | Equinix Inc | | 1.550%, $980,000 par, due 3/15/2028 | | (1) | | 943,397 | |
| | | | Equinor ASA | | 2.875%, $1,865,000 par, due 4/6/2025 | | (1) | | 1,947,116 | |
| | | | Equinor ASA | | 3.000%, $1,040,000 par, due 4/6/2027 | | (1) | | 1,097,730 | |
| | | | Equinor ASA | | 3.700%, $50,000 par, due 3/1/2024 | | (1) | | 52,741 | |
| | | | ERP Operating LP | | 3.000%, $490,000 par, due 7/1/2029 | | (1) | | 519,238 | |
| | | | Eversource Energy | | 2.750%, $1,110,000 par, due 3/15/2022 | | (1) | | 1,112,986 | |
| | | | Exelon Corp | | 3.950%, $1,050,000 par, due 6/15/2025 | | (1) | | 1,122,209 | |
| | | | Exxon Mobil Corp | | 2.992%, $2,430,000 par, due 3/19/2025 | | (1) | | 2,554,732 | |
| | | | FHLMC | | 4.000%, $105,423 par, due 7/1/2049 | | (1) | | 112,346 | |
| | | | FHLMC | | 4.000%, $30,560 par, due 5/1/2049 | | (1) | | 32,567 | |
| | | | FHLMC | | 5.000%, $64,478 par, due 6/1/2049 | | (1) | | 70,192 | |
| | | | Fifth Third Bancorp | | 1.707%, $1,330,000 par, due 11/1/2027 | | (1) | | 1,314,426 | |
| | | | Firstkey Homes Trust | | 1.266%, $1,929,496 par, due 11/1/2025 | | (1) | | 1,881,644 | |
| | | | Firstkey Homes Trust | | 1.538%, $774,308 par, due 8/1/2026 | | (1) | | 755,423 | |
| | | | Florida Power & Light Co | | 2.850%, $510,000 par, due 4/1/2025 | | (1) | | 532,766 | |
| | | | FNMA | | 3.790%, $255,000 par, due 12/1/2023 | | (1) | | 266,256 | |
| | | | FNMA | | 5.000%, $40,118 par, due 3/1/2049 | | (1) | | 43,973 | |
| | | | Fox Corp | | 3.500%, $235,000 par, due 4/8/2030 | | (1) | | 253,149 | |
| | | | Freddie Mac Coupon Strips | | 0.000%, $205,000 par, due 7/15/2031 | | (1) | | 172,280 | |
| | | | Goldman Sachs Group Inc/The | | 1.542%, $1,845,000 par, due 9/10/2027 | | (1) | | 1,808,672 | |
| | | | Goldman Sachs Group Inc/The | | 2.650%, $885,000 par, due 10/21/2032 | | (1) | | 891,584 | |
| | | | Goldman Sachs Group Inc/The | | 2.905%, $2,200,000 par, due 7/24/2023 | | (1) | | 2,224,816 | |
| | | | Goldman Sachs Group Inc/The | | 3.691%, $140,000 par, due 6/5/2028 | | (1) | | 150,856 | |
| | | | Goldman Sachs Group Inc/The | | 3.750%, $945,000 par, due 2/25/2026 | | (1) | | 1,018,162 | |
| | | | Guardian Life Global Funding | | 0.875%, $1,070,000 par, due 12/10/2025 | | (1) | | 1,042,501 | |
| | | | Guardian Life Global Funding | | 1.100%, $375,000 par, due 6/23/2025 | | (1) | | 371,580 | |
| | | | HSBC Holdings PLC | | 1.645%, $2,320,000 par, due 4/18/2026 | | (1) | | 2,301,718 | |
| | | | HSBC Holdings PLC | | 4.300%, $200,000 par, due 3/8/2026 | | (1) | | 219,260 | |
| | | | HSBC Holdings PLC | | 4.583%, $755,000 par, due 6/19/2029 | | (1) | | 846,438 | |
| | | | HSBC Holdings PLC | | 4.950%, $260,000 par, due 3/31/2030 | | (1) | | 305,373 | |
| | | | JPMorgan Chase & Co | | 1.470%, $1,350,000 par, due 9/22/2027 | | (1) | | 1,324,093 | |
| | | | JPMorgan Chase & Co | | 1.578%, $875,000 par, due 4/22/2027 | | (1) | | 865,156 | |
| | | | JPMorgan Chase & Co | | 2.005%, $925,000 par, due 3/13/2026 | | (1) | | 936,285 | |
| | | | JPMorgan Chase & Co | | 2.956%, $490,000 par, due 5/13/2031 | | (1) | | 507,846 | |
| | | | JPMorgan Chase & Co | | 3.900%, $1,680,000 par, due 7/15/2025 | | (1) | | 1,818,600 | |
| | | | JPMorgan Chase & Co | | 4.452%, $850,000 par, due 12/5/2029 | | (1) | | 965,456 | |
| | | | Keurig Dr Pepper Inc | | 4.417%, $750,000 par, due 5/25/2025 | | (1) | | 816,300 | |
| | | | KeyCorp | | 2.250%, $1,390,000 par, due 4/6/2027 | | (1) | | 1,413,672 | |
| | | | Kimberly-Clark Corp | | 3.100%, $230,000 par, due 3/26/2030 | | (1) | | 248,064 | |
| | | | Kinder Morgan Inc | | 4.300%, $920,000 par, due 6/1/2025 | | (1) | | 994,575 | |
| | | | Lowe's Cos Inc | | 1.300%, $805,000 par, due 4/15/2028 | | (1) | | 772,116 | |
| | | | Lowe's Cos Inc | | 4.500%, $1,055,000 par, due 4/15/2030 | | (1) | | 1,225,794 | |
| | | | Mastercard Inc | | 3.300%, $510,000 par, due 3/26/2027 | | (1) | | 551,458 | |
| | | | McDonald's Corp | | 2.625%, $575,000 par, due 9/1/2029 | | (1) | | 593,670 | |
| | | | McDonald's Corp | | 3.500%, $1,205,000 par, due 7/1/2027 | | (1) | | 1,307,606 | |
| | | | McDonald's Corp | | 3.600%, $575,000 par, due 7/1/2030 | | (1) | | 636,036 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | |
| | | | | | | | maturity date, rate of interest, | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | Cost | | Current value |
| | | | Merck & Co Inc | | 1.450%, $1,375,000 par, due 6/24/2030 | | (1) | | $ | 1,318,034 | |
| | | | Metropolitan Life Global Funding I | | 0.950%, $620,000 par, due 7/2/2025 | | (1) | | 611,463 | |
| | | | Mondelez International Inc | | 2.750%, $315,000 par, due 4/13/2030 | | (1) | | 324,929 | |
| | | | Morgan Stanley | | 2.720%, $720,000 par, due 7/22/2025 | | (1) | | 742,104 | |
| | | | Morgan Stanley | | 3.125%, $1,210,000 par, due 7/27/2026 | | (1) | | 1,282,491 | |
| | | | Morgan Stanley | | 3.125%, $630,000 par, due 1/23/2023 | | (1) | | 645,989 | |
| | | | Morgan Stanley | | 3.622%, $2,350,000 par, due 4/1/2031 | | (1) | | 2,563,286 | |
| | | | Morgan Stanley | | 3.875%, $260,000 par, due 4/29/2024 | | (1) | | 275,673 | |
| | | | Morgan Stanley | | 4.431%, $590,000 par, due 1/23/2030 | | (1) | | 672,907 | |
| | | | Navient Student Loans | | 0.840%, $107,354 par, due 5/15/2028 | | (1) | | 105,879 | |
| | | | Navient Student Loans | | 1.220%, $795,127 par, due 7/15/2024 | | (1) | | 790,587 | |
| | | | Navient Student Loans | | 1.310%, $416,032 par, due 9/25/2033 | | (1) | | 399,865 | |
| | | | Navient Student Loans | | 1.580%, $890,000 par, due 8/15/2028 | | (1) | | 886,849 | |
| | | | Navient Student Loans | | 1.690%, $175,751 par, due 10/15/2027 | | (1) | | 175,942 | |
| | | | Navient Student Loans | | 3.130%, $519,673 par, due 11/15/2023 | | (1) | | 528,481 | |
| | | | Navient Student Loans | | 3.190%, $146,723 par, due 10/15/2022 | | (1) | | 147,938 | |
| | | | Navient Student Loans | | 3.390%, $338,832 par, due 3/15/2026 | | (1) | | 349,173 | |
| | | | Navient Student Loans | | 4.000%, $217,673 par, due 7/15/2026 | | (1) | | 226,023 | |
| | | | New York Life Global Funding | | 2.900%, $1,670,000 par, due 1/17/2024 | | (1) | | 1,730,938 | |
| | | | NIKE Inc | | 2.750%, $305,000 par, due 3/27/2027 | | (1) | | 323,318 | |
| | | | Northwestern Mutual Global Funding | | 0.800%, $595,000 par, due 1/14/2026 | | (1) | | 578,138 | |
| | | | NVIDIA Corp | | 2.850%, $1,015,000 par, due 4/1/2030 | | (1) | | 1,079,138 | |
| | | | Oracle Corp | | 2.950%, $230,000 par, due 11/15/2024 | | (1) | | 239,251 | |
| | | | Otis Worldwide Corp | | 2.056%, $975,000 par, due 4/5/2025 | | (1) | | 991,604 | |
| | | | PayPal Holdings Inc | | 1.650%, $2,220,000 par, due 6/1/2025 | | (1) | | 2,248,083 | |
| | | | Pfizer Inc | | 2.625%, $610,000 par, due 4/1/2030 | | (1) | | 643,391 | |
| | | | Philip Morris International Inc | | 2.875%, $1,500,000 par, due 5/1/2024 | | (1) | | 1,559,715 | |
| | | | Phillips 66 | | 1.300%, $340,000 par, due 2/15/2026 | | (1) | | 332,782 | |
| | | | Private Export Funding Corp | | 0.550%, $670,000 par, due 7/30/2024 | | (1) | | 661,457 | |
| | | | Prologis LP | | 2.125%, $520,000 par, due 4/15/2027 | | (1) | | 528,840 | |
| | | | Public Service Enterprise Group Inc | | 1.600%, $830,000 par, due 8/15/2030 | | (1) | | 770,207 | |
| | | | Public Service Enterprise Group Inc | | 2.650%, $745,000 par, due 11/15/2022 | | (1) | | 755,534 | |
| | | | Reckitt Benckiser Treasury Services PLC | | 2.750%, $1,605,000 par, due 6/26/2024 | | (1) | | 1,658,703 | |
| | | | Republic Services Inc | | 1.450%, $1,270,000 par, due 2/15/2031 | | (1) | | 1,182,332 | |
| | | | Resolution Funding Corp Interest Strip | | 0.000%, $705,000 par, due 1/15/2030 | | (1) | | 615,282 | |
| | | | Resolution Funding Corp Principal Strip | | 0.000%, $920,000 par, due 4/15/2030 | | (1) | | 796,205 | |
| | | | Roper Technologies Inc | | 1.000%, $340,000 par, due 9/15/2025 | | (1) | | 332,343 | |
| | | | Santander DR Auto Rec | | 0.280%, $286,851 par, due 7/15/2022 | | (1) | | 286,799 | |
| | | | Schlumberger Finance Canada Ltd | | 1.400%, $300,000 par, due 9/17/2025 | | (1) | | 299,025 | |
| | | | Siemens Financieringsmaatschappij NV | | 1.200%, $900,000 par, due 3/11/2026 | | (1) | | 885,762 | |
| | | | Southern California Edison Co | | 0.700%, $540,000 par, due 8/1/2023 | | (1) | | 536,706 | |
| | | | Southern Co/The | | 1.750%, $540,000 par, due 3/15/2028 | | (1) | | 526,063 | |
| | | | Southern Co/The | | 2.950%, $920,000 par, due 7/1/2023 | | (1) | | 942,236 | |
| | | | Southwestern Electric Power Co | | 1.650%, $335,000 par, due 3/15/2026 | | (1) | | 332,434 | |
| | | | T-Mobile USA Inc | | 2.400%, $520,000 par, due 3/15/2029 | | (1) | | 525,496 | |
| | | | TransCanada PipeLines Ltd | | 4.625%, $75,000 par, due 3/1/2034 | | (1) | | 88,162 | |
| | | | TSMC Arizona Corp | | 1.750%, $1,220,000 par, due 10/25/2026 | | (1) | | 1,221,269 | |
| | | | TSMC Global Ltd | | 1.375%, $1,515,000 par, due 9/28/2030 | | (1) | | 1,406,783 | |
| | | | Union Pacific Corp | | 3.950%, $400,000 par, due 9/10/2028 | | (1) | | 448,720 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
WELLS FARGO & COMPANY 401(k) PLAN |
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
December 31, 2021 |
| | | | | | | | Description of investment, including | | | | | |
| | | | | | | | maturity date, rate of interest, | | | | | |
Identity of issuer, borrower, lessor, or similar party | | collateral, par, or maturing value | | | Cost | | Current value |
| | | | United Parcel Service Inc | | 3.900%, $975,000 par, due 4/1/2025 | | | (1) | | $ | 1,052,561 | |
| | | | United States Treasury Note/Bond | | 0.750%, $49,180,000 par, due 12/31/2023 | | | (1) | | 49,197,213 | |
| | | | United States Treasury Note/Bond | | 1.000%, $33,695,000 par, due 12/15/2024 | | | (1) | | 33,739,814 | |
| | | | United States Treasury Note/Bond | | 1.250%, $34,510,000 par, due 12/31/2026 | | | (1) | | 34,496,541 | |
| | | | United States Treasury Note/Bond | | 1.375%, $6,475,000 par, due 10/31/2028 | | | (1) | | 6,453,762 | |
| | | | United States Treasury Note/Bond | | 1.375%, $67,860,000 par, due 12/31/2028 | | | (1) | | 67,616,383 | |
| | | | United States Treasury Note/Bond | | 1.750%, $10,130,000 par, due 8/15/2041 | | | (1) | | 9,853,046 | |
| | | | United States Treasury Note/Bond | | 2.000%, $630,000 par, due 8/15/2051 | | | (1) | | 645,359 | |
| | | | United States Treasury Note/Bond | | 2.000%, $900,000 par, due 11/15/2041 | | | (1) | | 913,221 | |
| | | | US 10YR NOTE CBT | | 6.000%, $8,500,000 par, due 3/31/2022 | | | (1) | | 48,609 | |
| | | | US 10YR Ultra | | 6.000%, $9,600,000) par, due 3/31/2022 | | | (1) | | (188,023) | |
| | | | US Long Bond | | 6.000%, $5,700,000) par, due 3/31/2022 | | | (1) | | (11,578) | |
| | | | US Ultra Bond | | 6.000%, $2,400,000) par, due 3/31/2022 | | | (1) | | (45,278) | |
| | | | USAA Capital Corp | | 2.125%, $275,000 par, due 5/1/2030 | | | (1) | | 275,228 | |
| | | | Verizon Communications Inc | | 1.750%, $1,820,000 par, due 1/20/2031 | | | (1) | | 1,724,505 | |
| | | | Verizon Communications Inc | | 2.355%, $725,000 par, due 3/15/2032 | | | (1) | | 715,241 | |
| | | | Verizon Communications Inc | | 4.500%, $675,000 par, due 8/10/2033 | | | (1) | | 794,576 | |
| | | | Viatris Inc | | 2.300%, $135,000 par, due 6/22/2027 | | | (1) | | 135,875 | |
| | | | Viatris Inc | | 2.700%, $180,000 par, due 6/22/2030 | | | (1) | | 180,821 | |
| | | | Volkswagen Group of America Finance LLC | | 0.875%, $840,000 par, due 11/22/2023 | | | (1) | | 834,481 | |
| | | | Volkswagen Group of America Finance LLC | | 2.900%, $1,145,000 par, due 5/13/2022 | | | (1) | | 1,154,332 | |
| | | | Walmart Inc | | 1.500%, $510,000 par, due 9/22/2028 | | | (1) | | 507,302 | |
| | | | Walt Disney Co/The | | 3.350%, $1,380,000 par, due 3/24/2025 | | | (1) | | 1,468,292 | |
| | | | WEC Energy Group Inc | | 0.800%, $660,000 par, due 3/15/2024 | | | (1) | | 653,341 | |
| | | | Westlake Auto Rec | | 0.320%, $364,573 par, due 7/15/2023 | | | (1) | | 363,140 | |
| | | | Wisconsin Electric Power Co | | 1.700%, $240,000 par, due 6/15/2028 | | | (1) | | 235,291 | |
| | | | BlackRock Treasury Trust Fund | | 17,887,209 shares | | | (1) | | 17,887,209 | |
| | | | | | | | | | | | | | 360,908,804 | |
| | | | | | | | Accrued income receivable | | | | 1,172,342 | |
| | | | | | | | Payable for daily variation margin on | | | | | |
| | | | | | | | | futures contracts | | | | | (89,750) | |
| | | | | | | | Payable for securities purchased on a forward | | | | |
| | | | | | | | | commitment basis | | | | | (36,517,189) | |
| | | | | | | | Receivable for securities sold on a forward | | | | | |
| | | | | | | | | commitment basis | | | | | 36,414,139 | |
| | | | | | | | Payable for investment payments due | | | | (4,032,188) | |
| | | | | | | | | Total | | | | | 357,856,158 | |
| | | | | | | | Total underlying securities of | | | | | |
| | | | | | | | | security-backed contracts | | | | | 4,757,166,750 | |
| | Collective Investment Fund | | | | | | | | |
* | | | Wells Fargo/BlackRock Short Term Investment Fund S | | 212,268,459 units | | | (1) | | 212,268,459 | |
| | | | | | | | | | | | | | 212,268,459 | |
| | | | | | | | | | | | | | 4,969,435,209 | |
| | | | | | | | | | | | | | |
* | Wells Fargo – ESOP Fund | | | | | | | | |
| | Wells Fargo & Company common stock - allocated | | Common stock fund | | | 8,257,537,060 | | 9,603,776,147 | |
| | Wells Fargo ESOP – unallocated | | Convertible preferred stock | | | 646,272,223 | | 699,820,363 | |
| | | | | | | | | | | | | | 10,303,596,510 | |
| | | | | | | | | | | | | | $ | 56,412,890,485 | |
* | Represents a party-in-interest. | | | | | | | | |
(1) | Cost information not required as investments are participant directed. | | | | | |
See accompanying report of independent registered public accounting firm. | | | | | |
EXHIBITS
| | | | | | | | | | | | | | |
Exhibit No. | | Description | | Location |
| | | | |
| | | | Filed herewith. |
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
WELLS FARGO & COMPANY 401(k) PLAN
/s/ Mark Hickman
Mark Hickman
Senior Vice President
Head of Benefits and Recognition
Wells Fargo & Company
June 24, 2022
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