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| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| WASHINGTON, D.C. 20549 |
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| FORM 11-K |
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| | | | |
| (Mark One) |
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| x | ANNUAL REPORT PURSUANT TO SECTION 15(d) | |
| OF THE SECURITIES EXCHANGE ACT OF 1934 | |
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| For the year ended December 31, 2020 | |
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| OR | |
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| o | TRANSITION REPORT PURSUANT TO SECTION 15(d) | |
| OF THE SECURITIES EXCHANGE ACT OF 1934 | |
| | | | |
| For the transition period from __________ to __________ | |
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| | | | |
| Commission File Number: 1 - 3525 | |
| | | | |
| AEP RETIREMENT SAVINGS 401(K) PLAN | |
| (Full title of the plan) | |
| | | | |
| | | | |
| AMERICAN ELECTRIC POWER COMPANY, INC. | |
| 1 Riverside Plaza, Columbus, Ohio 43215 | |
| (Name of issuer of the securities held | |
| pursuant to the plan and the address | |
| of its principal executive office) | |
AEP RETIREMENT SAVINGS 401(K) PLAN
INDEX
December 31, 2020 and 2019
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| | Page
Number |
| | |
| Signatures | | |
| | |
| Reports of Independent Registered Public Accounting Firms | | |
| | |
| Financial Statements | | |
| Statements of Net Assets Available for Benefits | | |
| Statements of Changes in Net Assets Available for Benefits | | |
| Notes to Financial Statements | | |
| | |
| Supplemental Schedule | | |
| Schedule of Assets (Held as of End of Year) | | |
| | |
| Exhibit Index | | |
| Exhibit 23(1) | | |
| Exhibit 23(2) | | |
| Note: Other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting with Disclosure under the Employee Retirement Income Security Act of 1974 (ERISA) have been omitted because they are not applicable. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Benefits Finance Committee has duly caused this annual report to be signed by the undersigned thereunto duly authorized
By:
/s/ Julie A. Sherwood
Julie A. Sherwood, SVP Treasury & Risk
Report of Independent Registered Public Accounting Firm
Plan Administrator and Plan Participants of
AEP Retirement Savings 401(k) Plan
Columbus, Ohio
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of the AEP Retirement Savings 401(k) Plan (the “Plan”) as of December 31, 2020, the related statement of changes in net assets available for benefits for the year then ended, 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, 2020, and the changes in net assets available for benefits for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by the Plan’s management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
Supplemental Information
The supplemental information in the accompanying Schedule of Assets (Held at End of Year) as of December 31, 2020 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but included supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. 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/ BDO USA, LLP
We have served as the Plan’s auditor since 2021.
Columbus, Ohio
June 29, 2021
Report of Independent Registered Public Accounting Firm
To the Administrator and Plan Participants of AEP Retirement Savings 401(k) Plan
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of AEP Retirement Savings 401(k) Plan (the “Plan”) as of December 31, 2019 and the related statement of changes in net assets available for benefits for the year ended December 31, 2019, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2019, and the changes in net assets available for benefits for the year ended December 31, 2019 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our 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 of these financial statements 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.
/s/ PricewaterhouseCoopers LLP
Columbus, Ohio
June 26, 2020
We served as the Plan’s auditor from 2019 to 2020.
AEP RETIREMENT SAVINGS 401(K) PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2020 and 2019
| | | | | | | | | | | | | | | | | | | | |
| | December 31, |
| | 2020 | | 2019 |
| ASSETS | | | | |
| Investments at Fair Value | | $ | 4,618,797,947 | | | $ | 4,276,669,965 | |
| | | | |
| Investments at Contract Value | | 681,788,963 | | | 616,389,451 | |
| | | | |
| Notes Receivable from Participants | | 63,362,301 | | | 76,418,775 | |
| | | | |
| NET ASSETS AVAILABLE FOR BENEFITS | | $ | 5,363,949,211 | | | $ | 4,969,478,191 | |
| | | | |
See Notes to Financial Statements beginning on page 7. |
AEP RETIREMENT SAVINGS 401(K) PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
For the Years Ended December 31, 2020 and 2019
| | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31, |
| | 2020 | | 2019 |
| INVESTMENT INCOME | | | | |
| Net Appreciation in Investments | | $ | 597,184,616 | | | $ | 845,829,651 | |
| Interest and Dividends | | 27,190,595 | | | 26,911,880 | |
| Total Investment Income | | 624,375,211 | | | 872,741,531 | |
| | | | |
| CONTRIBUTIONS | | | | |
| Participants | | 201,972,224 | | | 186,734,657 | |
| Employer | | 80,639,433 | | | 75,761,959 | |
| Total Contributions | | 282,611,657 | | | 262,496,616 | |
| | | | |
| DISTRIBUTIONS TO PARTICIPANTS | | (509,504,366) | | | (456,624,017) | |
| | | | |
| ADMINISTRATIVE AND MANAGEMENT FEES | | | | |
| Professional Fees | | (338,350) | | | (443,398) | |
| Investment Advisory and Management Fees | | (5,927,868) | | | (6,216,488) | |
| Other Fees | | (475,567) | | | (478,387) | |
| Total Administrative and Management Fees | | (6,741,785) | | | (7,138,273) | |
| | | | |
| INTEREST INCOME ON NOTES RECEIVABLE FROM PARTICIPANTS | | 3,730,303 | | | 4,304,413 | |
| | | | |
| NET INCREASE IN NET ASSETS BEFORE TRANSFERS | | 394,471,020 | | | 675,780,270 | |
| | | |
| TRANSFERS INTO PLAN (Note 1) | | — | | | 9,300,746 | |
| | | |
| NET INCREASE IN NET ASSETS | | 394,471,020 | | | 685,081,016 | |
| | | |
| NET ASSETS AVAILABLE FOR BENEFITS BEGINNING OF YEAR | | $ | 4,969,478,191 | | | $ | 4,284,397,175 | |
| | | | |
| NET ASSETS AVAILABLE FOR BENEFITS END OF YEAR | | $ | 5,363,949,211 | | | $ | 4,969,478,191 | |
| | | | |
See Notes to Financial Statements beginning on page 7. |
AEP RETIREMENT SAVINGS 401(K) PLAN
NOTES TO FINANCIAL STATEMENTS
For the Years Ended December 31, 2020 and 2019
1. PLAN DESCRIPTION
The following description of the AEP Retirement Savings 401(k) Plan (Plan) is provided for general information purposes only. Participants should refer to the Plan documents for a more complete description of the Plan’s information. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
General
The Plan is a defined contribution plan that became effective and commenced operations on January 1, 1978. The Plan covers full-time and part-time employees of the participating subsidiaries of American Electric Power Company, Inc. (AEP or the Company) who are not excluded by the terms of the Plan, such as pursuant to a unionized collective bargaining agreement. American Electric Power Service Corporation (AEPSC) is the plan administrator (Plan Administrator) and plan sponsor (Plan Sponsor). AEPSC is a wholly-owned subsidiary of AEP. JPMorgan Chase Bank (JPMorgan) was the primary trustee for the Plan (the Trustee) until the transition to The Bank of New York Mellon as primary trustee commenced effective January 29, 2021. Great-West Financial Retirement Plan Services, LLC (Empower Retirement) is the plan record keeper. American Electric Power Service Corporation (AEPSC) appointed Great-West Trust Company, LLC (GWTC) as the trustee/custodian for certain cash held on behalf of the Plan pending investment or disbursement.
AEP Energy, Inc. (AEPE) is wholly -owned by AEP Retail Energy Partners LLC, which is a wholly-owned Subsidiary of AEP. In January 2020, AEPE employees became eligible to participate in the Plan. In connection with that transition, the AEP Energy, Inc. 401(k) Retirement Plan was merged into the Plan and as a result, approximately $9.3 million in assets were transferred to the Plan on December 30, 2019.
Contributions
Newly eligible employees are automatically enrolled in the Plan with a 3% pretax deferral. Such deferrals automatically increase each year by 1% to a maximum of 6%. Employees may opt out of the automatic enrollment or revise their elections after they are notified of their right not to have such pretax deferrals made on their behalf and how their account will be invested in the absence of their making an investment election. Generally, eligible employees participating in the Plan may make contributions (pretax, after-tax or Roth 401(k) contributions) in 1% increments up to 50% of their eligible pay (within Internal Revenue Service (IRS) limits), although pretax and Roth 401(k) amounts are limited to $19,500 for 2020 and $19,000 for 2019. Participants who are age 50 and older are eligible to contribute additional pretax or Roth 401(k) amounts as catch-up contributions. The catch-up contribution limit was $6,500 for 2020 and $6,000 for 2019. An employee who is eligible to participate in the Plan also may roll eligible retirement benefits into the Plan. The participating employers contribute to the Plan, on behalf of each participant, an amount equal to 100% of the participant’s non-rollover contributions up to 1% of the participant’s eligible compensation for each payroll period, plus 70% of the participant’s contributions for the next 5% of the participant’s eligible compensation for each payroll period, subject to certain limitations. All contributions that are withheld from a participant’s pay or are made by the participating employers are deposited in the AEP Retirement Savings 401(k) Plan Trust after each pay period. The Plan, in a manner consistent with the requirements under Section 401 of the Internal Revenue Code (IRC), restricts the amount that certain participants who are deemed highly compensated may contribute to the Plan, provided that it is AEPSC’s intent that the Plan include a “qualified automatic contribution arrangement” (as defined in Section 401(k)(13) of the IRC), such that only the after-tax contributions made by such highly compensated participants may be subject to such restrictions.
Notes Receivable from Participants
Participants generally may borrow from their savings plan accounts a minimum of $1,000 but no more than the lesser of $50,000 or 50% of their account balance. During March 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law. Pursuant to the CARES Act, the Company has changed the Plan to temporarily allow certain qualified participants to obtain a COVID-19 related plan loans for the lesser of: (1) $100,000 (increased from $50,000), or (2) 100% increased from 50%) of the participant’s vested account balance. This is only available for plan loans made during the period from March 27, 2020 to September 22, 2020. The CARES Act also provides relief to participants with outstanding plan loans (on or after March 27, 2020) by allowing for a suspension of the loan payments (due from March 27, 2020 through December 31, 2020). During the suspension period, interest will continue to accrue. The term of the loan may extend for a period of up to one year without violating the original term period. Loan terms range from 12 months to 60 months (or up to 180 months for certain residential loans), or any monthly increment in-between. Interest rates, fixed for the life of the loan, are calculated by adding 1% to the prime rate, as reported in the Wall Street Journal as of the first business day of the calendar month in which the loan is taken. Active employees repay principal and interest payments through payroll deductions.
Participant loans and the accrued interest are collateralized by the account balance, and upon default, the outstanding balance is subject to income taxes and possible tax penalty. No allowance for credit losses has been recorded at December 31, 2020 or 2019.
Participant Accounts
Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, the Company’s contributions and investment earnings and losses and charged with benefit payments and allocations of Plan expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s account.
Participants may transfer the value of their cumulative contributions, in any whole percentage or dollar amount, among investments, and change their investment elections on a daily basis. Participants may change their payroll contribution elections coinciding with the Company’s payroll periods.
Participants may make investments in 1% increments among various unitized funds established by the Plan including index funds, bond funds, growth funds, value funds, target date funds, and a stable value fund. The assets of each of the funds are held in the custody of the Trustee, and record-kept at the participant level by Empower Retirement. As the Plan owns the underlying assets of each of these funds, the financial statements present the underlying investments of these unitized funds. In the absence of a participant-directed investment, contributions are invested in a target date fund based on the participant's date of birth and estimated retirement date.
The AEP Stock Fund is an investment option in the Plan. Participants can elect to have dividends generated from their unitized holdings in the AEP Stock Fund paid out in cash, rather than automatically reinvested in the fund. The dividend payouts are made periodically (at least annually) and are treated as ordinary income to the participants for tax purposes.
In addition to the above, the Plan offers a self-directed brokerage account (SDB) option that allows participants to invest in retail mutual funds and money market funds.
Vesting and Distribution
Participants are immediately vested in their pretax, after-tax, Roth 401(k) and the Company contributions, including earnings thereon; provided that certain matching contributions made to participants of the AEP Energy, Inc. 401(k) Retirement Plan may be only partially vested in accordance with existing vesting positions of this plan. Excluding participants’ pretax and Roth 401(k) contributions, profit sharing contributions, and post-2008 Company matching contributions, all participants may make an unlimited number of withdrawals of their interest in the Plan at any time, including their pre-2009 Company matching contributions. Pretax, Roth 401(k) and profit sharing contributions are eligible for withdrawal by participants only after age 59-1/2, or earlier upon hardship (as defined by the Plan), or following termination of employment. Post-2008 Company matching contributions are eligible for withdrawal by participants only after age 59-1/2, or earlier following earlier termination of employment, but not upon hardship. Pursuant to the CARES Act, the Company has changed the Plan to allow certain qualified participants impacted by COVID-19 to take withdrawals up to $100,000 between January 1, 2020 and December 30, 2020. These COVID-19 related distributions are not subject to the early withdrawal penalty, or to 20% federal tax withholding; but they are subject to a 10% federal tax withholding requirement, and participants have the option to spread the applicable income tax resulting from the COVID-19 related distribution over a 3 year period. Participant who obtain a COVID-19 related distribution may repay the distribution to an eligible retirement plan within the three-year period following the distribution to defer otherwise applicable taxation.
2. ACCOUNTING POLICIES
Basis of Accounting
The accompanying financial statements are prepared on an accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (GAAP).
Investment Valuation and Income Recognition
Participants direct the investment of their plan accounts among various investment options offered by the Plan. Investments in securities are reported at fair value while fully benefit responsive investment contracts are reported at contract value. Fair value of a financial instrument is 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.
Purchases and sales of securities have been recorded on a trade-date basis. Net appreciation includes the Plan’s gains or losses on investments bought or sold as well as held throughout the year. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date. These amounts are reinvested by the Trustee in the funds that generated such income with the exception of the AEP Stock Fund, which pays or reinvests dividends at the direction of each participant.
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 not recorded as distributions until actually distributed based on the terms of the Plan document.
Administrative and Management Fees
Administrative and Management Fees incurred relating to JPMorgan and Empower Retirement during 2020 and 2019 totaled $2,314,433 and $2,476,479, respectively. The Plan directly pays for administrative, record keeping and management fees. Fees related to the administration of Notes Receivable from Participants are charged directly to the participant's account and are included in the administrative expenses. Investment related expenses are included in Net Appreciation in Investments.
Distributions to Participants
Distributions to participants are recorded when paid.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein and disclosure of contingent assets. The estimates and assumptions used are based upon management's evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from the estimates.
Fair Value Measurements of Assets
The accounting guidance for “Fair Value Measurements and Disclosures” establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). AEPSC’s staff independently monitors valuation policies and procedures and provides members of the Benefits Finance Committee (BFC) and its Investment Subcommittee (IC) various monthly and quarterly reports, regarding compliance with policies and procedures. As of December 31, 2020, the BFC consisted of AEPSC’s Chief Financial Officer, Treasurer, Senior Vice President - Chief Human Resources Officer, Senior Vice President - Strategy and Transformation, Executive Vice President - General
Counsel, Senior Vice President - Commercial Operations and the Executive Vice President - Energy Supply of AEP. The IC consists of AEPSC’s Treasurer, Director of Trusts and Investments and two Managing Directors of Corporate Finance.
The Plan utilizes its Trustee’s external pricing service to estimate the fair value of the underlying investments held in the Plan. The Plan’s investment managers review and validate the prices utilized by the Trustee to determine fair value. The Plan Administrator performs its own valuation testing to verify the fair values of the securities, in part by reviewing audit reports of the Trustee’s operating controls and valuation processes.
Assets in the Plan are classified using the following methods. Equities are classified as Level 1 holdings if they are actively traded on exchanges. Items classified as Level 1 are investments in equity securities and registered investment companies. They are valued based on observable inputs primarily unadjusted quoted prices in active markets for identical assets. Items classified as Level 2 are primarily investments in individual fixed income securities. Fixed income securities generally do not trade on exchanges and do not have an official closing price but their valuation inputs are based on observable market data.
The Trustee uses multiple pricing vendors for the assets held in trust. The Trustee’s pricing vendors calculate bond valuations using financial models and matrices. The models use observable inputs including yields on benchmark securities, quotes by securities brokers, rating agency actions, discounts or premiums on securities compared to par prices, changes in yields for U.S. Treasury securities, corporate actions by bond issuers, prepayment schedules and histories, economic events and, for certain securities, adjustments to yields to reflect changes in the rate of inflation. Cash equivalent funds are held to provide liquidity and meet short term cash needs. The underlying holdings in the cash funds may consist of commercial paper, certificates of deposit, treasury bills, and other short-term debt securities. Short-term debt securities are valued based on observable market data by the trust banks pricing vendor. Other securities with model-derived valuation inputs that are observable are also classified as Level 2 investments. Investments with unobservable valuation inputs are classified as Level 3 investments. Investments classified as “Other” are valued using Net Asset Value (NAV) as a practical expedient. Items classified as Other are primarily cash equivalent funds and common collective trusts. These investments do not have a readily determinable fair value or they contain redemption restrictions which may include the right to suspend redemptions under certain circumstances. Redemption restrictions on common collective trusts may also prevent certain investments from being redeemed at the reporting date for the underlying value. There are no unfunded commitments for investments in common collective trusts.
3. PLAN TERMINATION
Although it has not expressed any intent to do so, AEPSC has the right to take such actions as will allow contributions to the Plan to be discontinued at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, affected participants would be made 100 percent vested in their accounts.
4. INVESTMENT CONTRACTS
The Plan's Managed Income Fund provides a stable value investment option that includes fully benefit-responsive synthetic investment wrap contracts which assure the book value of investments in that fund for plan participants. The fund’s underlying assets, which are held in a trust, utilize wrap contracts issued by four financial institutions as of December 31, 2020 and 2019. The fund’s underlying investment or investments, usually a portfolio owned by the Plan, consist primarily of high quality, intermediate term fixed income securities and guaranteed investment contracts. The contracts provide that participants execute plan transactions at contract value. Contract value represents contributions made to the fund, plus credited interest, less participant withdrawals, without regard to changes in the fair value of the investments and securities underlying the fund. The rates for crediting interest are reset periodically based on market rates of other similar investments, the current yield of the underlying investments and the spread between the market value and contract value. The interest crediting rate cannot be less than 0%. Certain events initiated by the Plan Sponsor, such as a plan termination or a plan merger, would limit the ability of the Plan to administer participant-level transactions at contract value or may allow for the termination of the wrap contract at market value, rather than contract value.
The Plan Sponsor does not believe that any events that may limit the ability of the plan to transact at contract value are probable as of December 31, 2020 or the date these financial statements are issued.
5. RELATED PARTY AND PARTY-IN-INTEREST TRANSACTIONS
Certain transactions involving the Plan and its assets during 2019 and 2020 involved parties in interest with respect to the Plan, but most of those transactions were not prohibited transactions under ERISA because of the applicability of one or more exemptions. The exempt party-in-interest transactions involving the Plan included the following: JPMorgan has acted as trustee and custodian under the Plan, while its affiliates have acted as (a) investment managers for a number of the Plan’s investment options and (2) GWTC has been acting as a trustee and custodian under the Plan, while its affiliates have acted as (a) the Plan’s record keeper and (b) investment advisor or investment manager for a number of plan participants with respect to the amounts held in their Plan accounts. Notes receivable from participants held by the Plan are also considered party-in-interest transactions. Certain investments within the Self Directed Brokerage account are considered party-in-interest transactions.
As of December 31, 2020 and 2019, the Plan held 3,879,879 and 4,029,878 shares, respectively, of common stock of American Electric Power Company, Inc., the parent company of the Plan Sponsor, with a cost basis of $203,562,898 and $194,730,662, respectively. During the year ended December 31, 2020, the Plan acquired 485,324 shares of that common stock with a fair value of $40,685,494 and disposed of 635,323 shares with a fair value of $56,206,458. During the year ended December 31, 2019, the Plan acquired 295,761 shares of that common stock with a fair value of $25,684,663 and disposed of 604,657 shares with a fair value of $53,381,854. During the years ended December 31, 2020 and 2019, the Plan recorded dividend income of $11,123,089 and $11,409,018, respectively, related to its investment in that common stock.
6. FAIR VALUE MEASUREMENTS
For a discussion of fair value accounting and the classification of assets within the fair value hierarchy, see the “Fair Value Measurements of Assets” section of Note 2.
Plan Assets within the Fair Value Hierarchy as of December 31, 2020
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Level 1 | | Level 2 | | Level 3 | | Other | | Total |
| Equities | | | | | | | | | | |
| Corporate Stocks | | $ | 682,098,487 | | | $ | — | | | $ | — | | | $ | — | | | $ | 682,098,487 | |
| AEP Stock | | 323,077,524 | | | — | | | — | | | — | | | 323,077,524 | |
| Subtotal Equities | | 1,005,176,011 | | | — | | | — | | | — | | | 1,005,176,011 | |
| | | | | | | | | | |
| Common/Collective Trusts | | | | | | | | | | |
| JPMorgan Liquidity Fund (a) | | — | | | — | | | — | | | 21,682,463 | | | 21,682,463 | |
| Mellon Capital Small Cap Stock Index Fund (a) | | — | | | — | | | — | | | 210,808,132 | | | 210,808,132 | |
| Mellon Capital Mid Cap Stock Index Fund (a) | | — | | | — | | | — | | | 401,692,712 | | | 401,692,712 | |
| Mellon Capital Stock Index Fund (a) | | — | | | — | | | — | | | 1,109,531,125 | | | 1,109,531,125 | |
| Mellon Capital International Stock Index Fund (a) | | — | | | — | | | — | | | 660,031,838 | | | 660,031,838 | |
| Mellon Capital Aggregate Bond Index Fund (a) | | — | | | — | | | — | | | 575,341,739 | | | 575,341,739 | |
| Mellon Capital Treasury Inflation-Protected Securities Fund (a) | | — | | | — | | | — | | | 26,571,999 | | | 26,571,999 | |
| JPMorgan Strategic Property Fund (a) | | — | | | — | | | — | | | 65,129,429 | | | 65,129,429 | |
| Mellon Capital Emerging Markets Stock Index Fund (a) | | — | | | — | | | — | | | 50,660,881 | | | 50,660,881 | |
| Columbia Trust Focused Large Cap Growth Fund (a) | | — | | | — | | | — | | | 246,556,207 | | | 246,556,207 | |
| MetWest Total Return Bond Fund (a) | | — | | | — | | | — | | | 67,993,031 | | | 67,993,031 | |
| Subtotal Common/Collective Trusts | | — | | | — | | | — | | | 3,435,999,556 | | | 3,435,999,556 | |
| | | | | | | | | | |
| Self-Directed Brokerage Account (a) | | 81,368,294 | | | — | | | — | | | 13,720,131 | | | 95,088,425 | |
| Registered Investment Companies | | 74,665,499 | | | — | | | — | | | — | | | 74,665,499 | |
| Cash Equivalents (a) | | — | | | — | | | — | | | 4,659,795 | | | 4,659,795 | |
| Accrued Items and Unsettled Trades (a) | | (337,453) | | | — | | | — | | | 3,546,114 | | | 3,208,661 | |
| | | | | | | | | | |
| Total Assets Reflecting Investments at Fair Value | | $ | 1,160,872,351 | | | $ | — | | | $ | — | | | $ | 3,457,925,596 | | | $ | 4,618,797,947 | |
(a)Amounts in “Other” column represent investments for which fair value is measured using net asset value per share.
Plan Assets within the Fair Value Hierarchy as of December 31, 2019
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Level 1 | | Level 2 | | Level 3 | | Other | | Total |
| Equities | | | | | | | | | | |
| Corporate Stocks | | $ | 600,687,149 | | | $ | — | | | $ | — | | | $ | — | | | $ | 600,687,149 | |
| AEP Stock | | 380,863,770 | | | — | | | — | | | — | | | 380,863,770 | |
| Subtotal Equities | | 981,550,919 | | | — | | | — | | | — | | | 981,550,919 | |
| | | | | | | | | | |
| Common/Collective Trusts | | | | | | | | | | |
| JPMorgan Liquidity Fund (a) | | — | | | — | | | — | | | 19,859,891 | | | 19,859,891 | |
| Mellon Capital Small Cap Stock Index Fund (a) | | — | | | — | | | — | | | 191,414,132 | | | 191,414,132 | |
| Mellon Capital Mid Cap Stock Index Fund (a) | | — | | | — | | | — | | | 347,678,996 | | | 347,678,996 | |
| Mellon Capital Stock Index Fund (a) | | — | | | — | | | — | | | 1,043,780,733 | | | 1,043,780,733 | |
| Mellon Capital International Stock Index Fund (a) | | — | | | — | | | — | | | 637,365,934 | | | 637,365,934 | |
| Mellon Capital Aggregate Bond Index Fund (a) | | — | | | — | | | — | | | 521,931,878 | | | 521,931,878 | |
| Mellon Capital Treasury Inflation-Protected Securities Fund (a) | | — | | | — | | | — | | | 24,771,357 | | | 24,771,357 | |
| JPMorgan Strategic Property Fund (a) | | — | | | — | | | — | | | 58,824,271 | | | 58,824,271 | |
| Mellon Capital Emerging Markets Stock Index Fund (a) | | — | | | — | | | — | | | 47,176,380 | | | 47,176,380 | |
| Columbia Trust Focused Large Cap Growth Fund (a) | | — | | | — | | | — | | | 181,483,856 | | | 181,483,856 | |
| MetWest Total Return Bond Fund (a) | | — | | | — | | | — | | | 41,507,995 | | | 41,507,995 | |
| Subtotal Common/Collective Trusts | | — | | | — | | | — | | | 3,115,795,423 | | | 3,115,795,423 | |
| | | | | | | | | | |
| Self-Directed Brokerage Account (a) | | 73,408,748 | | | — | | | — | | | 15,537,182 | | | 88,945,930 | |
| Registered Investment Companies | | 93,186,718 | | | — | | | — | | | — | | | 93,186,718 | |
| Cash Equivalents (a) | | — | | | — | | | — | | | 161,649 | | | 161,649 | |
| Accrued Items and Unsettled Trades (a) | | (1,003,428) | | | (8,484) | | | — | | | (1,958,762) | | | (2,970,674) | |
| | | | | | | | | | |
| Total Assets Reflecting Investments at Fair Value | | $ | 1,147,142,957 | | | $ | (8,484) | | | $ | — | | | $ | 3,129,535,492 | | | $ | 4,276,669,965 | |
(a)Amounts in “Other” column represent investments for which fair value is measured using net asset value per share.
The following tables set forth a summary of the Plan's investments with a reported Net Asset Value as a practical expedient as of December 31, 2020 and 2019:
Fair Value Estimated Using Net Asset Value per Share as of December 31, 2020
| | | | | | | | | | | | | | | | | | | | |
| Common/Collective Trusts | | Fair Value | | Redemption
Frequency
(If currently
eligible) | | Redemption
Notice Period |
| JPMorgan Liquidity Fund | | $ | 21,682,463 | | | Daily | | 1 Day |
| Mellon Capital Small Cap Stock Index Fund | | 210,808,132 | | | Daily | | Trade Date + 1 |
| Mellon Capital Mid Cap Stock Index Fund | | 401,692,712 | | | Daily | | Trade Date + 1 |
| Mellon Capital Stock Index Fund | | 1,109,531,125 | | | Daily | | Trade Date + 1 |
| Mellon Capital International Stock Index Fund | | 660,031,838 | | | Daily | | Trade Date + 1 |
| Mellon Capital Aggregate Bond Index Fund | | 575,341,739 | | | Daily | | Trade Date + 1 |
| Mellon Capital Treasury Inflation-Protected Securities Fund | | 26,571,999 | | | Daily | | Trade Date + 1 |
| JPMorgan Strategic Property Fund | | 65,129,429 | | | Quarterly | | 30 Days |
| Mellon Capital Emerging Markets Stock Index Fund | | 50,660,881 | | | Daily | | Trade Date + 1 |
| Columbia Trust Focused Large Cap Growth Fund | | 246,556,207 | | | Daily | | Trade Date + 1 |
| MetWest Total Return Bond Fund | | 67,993,031 | | | Daily | | Trade Date + 1 |
| Self-Directed Brokerage Account | | 13,720,131 | | | Daily | | Trade Date + 1 |
| Total Assets | | $ | 3,449,719,687 | | | | | |
Fair Value Estimated Using Net Asset Value per Share as of December 31, 2019
| | | | | | | | | | | | | | | | | | | | |
| Common/Collective Trusts | | Fair Value | | Redemption
Frequency
(If currently
eligible) | | Redemption
Notice Period |
| JPMorgan Liquidity Fund | | $ | 19,859,891 | | | Daily | | 1 Day |
| Mellon Capital Small Cap Stock Index Fund | | 191,414,132 | | | Daily | | Trade Date + 1 |
| Mellon Capital Mid Cap Stock Index Fund | | 347,678,996 | | | Daily | | Trade Date + 1 |
| Mellon Capital Stock Index Fund | | 1,043,780,733 | | | Daily | | Trade Date + 1 |
| Mellon Capital International Stock Index Fund | | 637,365,934 | | | Daily | | Trade Date + 1 |
| Mellon Capital Aggregate Bond Index Fund | | 521,931,878 | | | Daily | | Trade Date + 1 |
| Mellon Capital Treasury Inflation-Protected Securities Fund | | 24,771,357 | | | Daily | | Trade Date + 1 |
| JPMorgan Strategic Property Fund | | 58,824,271 | | | Quarterly | | 45 Days |
| Mellon Capital Emerging Markets Stock Index Fund | | 47,176,380 | | | Daily | | Trade Date + 1 |
| Columbia Trust Focused Large Cap Growth Fund | | 181,483,856 | | | Daily | | Trade Date + 1 |
| MetWest Total Return Bond Fund | | 41,507,995 | | | Daily | | Trade Date + 1 |
| Self-Directed Brokerage Account | | 15,537,182 | | | Daily | | Trade Date + 1 |
| Total Assets | | $ | 3,131,332,605 | | | | | |
It is the Plan’s policy to record transfers in and transfers out of each level at the end of each reporting period. There have been no transfers between Level 1, Level 2, and Level 3 during the years ended December 31, 2020 and 2019.
7. RISK AND UNCERTAINTIES
The Plan invests in various investment instruments, and investment securities are exposed to various risks, such as interest rate, credit and market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such change could materially affect the amounts reported in the financial statements.
In March 2020, COVID-19 was declared a pandemic by the World Health Organization and the Centers for Disease Control and Prevention. Its rapid spread around the world and throughout the United States prompted many countries, including the United States, to institute restrictions on travel, public gatherings and certain business operations. The ultimate impact of COVID-19 on the Plan depends on factors beyond the Plan Sponsor's knowledge or control, including the duration and severity of this outbreak as well as third-party actions taken to contain its spread and mitigate its public health effects. Therefore, the Plan Sponsor cannot estimate the potential future impact to participants' account balances and the amounts reported in the Statement of Net Assets Available for Benefits.
8. FEDERAL INCOME TAX
The IRS has issued a favorable determination letter dated December 8, 2017 with respect to the Plan. A favorable determination letter indicates that, in the opinion of the IRS, the terms of the Plan meets the requirements of Section 401(a) of the IRC, and thereby recognizes the exempt status of the Plan’s trust pursuant to Section 501(a) of the IRC.
The Plan has been amended and restated subsequent to the issuance of that IRS determination letter. Plan management believes that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC and that the Plan’s trust continues to be tax-exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.
The Plan Administrator is required to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more than 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, 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there currently no audits for any tax periods in progress.
9. RECONCILIATION OF FINANCIAL STATEMENTS TO THE FORM 5500
The following tables are reconciliations of participant loans and net assets available for benefits per the financial statements to the Form 5500.
| | | | | | | | | | | | | | |
| | January 1, |
| Participant Loans - Schedule H, Part I, Line 1c(8), Column (a) | | 2020 | | 2019 |
| Beginning Balance per Financial Statements | | $ | 76,418,775 | | | $ | 83,446,674 | |
| Less: Loans Deemed Distributed with No Post-Default Payments | | (5,492,568) | | | (4,687,356) | |
| Balance Reported on Form 5500 | | $ | 70,926,207 | | | $ | 78,759,318 | |
| | | | | | | | | | | | | | |
| | December 31, |
| Participant Loans - Schedule H, Part I, Line 1c(8), Column (b) | | 2020 | | 2019 |
| Ending Balance per Financial Statements | | $ | 63,362,301 | | | $ | 76,418,775 | |
| Less: Assets and Activity Related to Loans Deemed Distributed with No Post-Default Payments | | (5,579,961) | | | (5,492,568) | |
| Balance Reported on Form 5500 | | $ | 57,782,340 | | | $ | 70,926,207 | |
| | | | | | | | | | | | | | |
| | January 1, |
| Net Assets - Schedule H, Part I, Line 1l, Column (a) | | 2020 | | 2019 |
| Beginning Balance per Financial Statements | | $ | 4,969,478,191 | | | $ | 4,284,397,175 | |
| Less: Loans Deemed Distributed with No Post-Default Payments | | (5,492,568) | | | (4,687,356) | |
| Beginning Balance Reported on Form 5500 | | $ | 4,963,985,623 | | | $ | 4,279,709,819 | |
| | | | | | | | | | | | | | |
| | December 31, |
| Net Assets - Schedule H, Part I, Line 1l, Column (b) | | 2020 | | 2019 |
| Ending Balance per Financial Statements | | $ | 5,363,949,211 | | | $ | 4,969,478,191 | |
| Less: Assets and Activity Related to Loans Deemed Distributed with No Post-Default Payments | | (5,579,961) | | | (5,492,568) | |
| Balance Reported on Form 5500 | | $ | 5,358,369,250 | | | $ | 4,963,985,623 | |
| | | | | | | | | | | | | | |
| | December 31, |
| Increase (Decrease) in Net Assets - Schedule H, Part II, Line 2k | | 2020 | | 2019 |
| Per Financial Statements | | $ | 394,471,020 | | | $ | 675,780,270 | |
| Less: Loans Deemed Distributed | | (87,393) | | | (805,213) | |
| Reported on Form 5500 | | $ | 394,383,627 | | | $ | 674,975,057 | |
| | | | | | | | | | | |
| AEP RETIREMENT SAVINGS 401(K) PLAN |
| PLAN #002 EIN #13-4922641 |
| SCHEDULE OF ASSETS (HELD AT END OF YEAR) |
| DECEMBER 31, 2020 |
| | | | | | | | |
| Identity of Issuer, Borrower, Lessor or Similar Party | Current Value |
| | |
| MANAGED INCOME FUND | |
| | |
| MONEY MARKET FUND | |
| (a) | JPMORGAN US GOVT MMKT FUND CAPITAL SHARES - FUND | $ | 57,371,924 | |
| TOTAL MONEY MARKET FUND | $ | 57,371,924 | |
| | |
| CORPORATE DEBT SECURITIES | |
| 3M CO | $ | 159,279 | |
| ABBVIE INC | 2,251,985 | |
| ADVOCATE HEALTH & HOSPITALS CORP | 822,252 | |
| AIG GLOBAL FUNDING | 1,066,672 | |
| AIR PRODUCTS AND CHEMICALS INC | 148,522 | |
| ALEXANDRIA REAL ESTATE EQUITIES INC | 772,670 | |
| ALLIANT ENERGY FINANCE LLC | 203,886 | |
| AMEREN ILLINOIS CO | 1,594,826 | |
| AMERICAN EXPRESS CO | 1,648,545 | |
| AMERICAN HONDA FINANCE CORP | 2,388,132 | |
| AMPHENOL CORP | 587,254 | |
| ANALOG DEVICES INC | 38,459 | |
| ANGLO AMERICAN CAPITAL PLC | 830,382 | |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC | 173,536 | |
| APPLE INC | 159,640 | |
| ARCHER-DANIELS-MIDLAND CO | 219,240 | |
| ASCENSION HEALTH | 513,156 | |
| AT&T INC | 1,453,545 | |
| BAE SYSTEMS HOLDINGS INC | 364,288 | |
| BAE SYSTEMS PLC | 863,051 | |
| BAKER HUGHES A GE CO LLC | 606,461 | |
| BANK OF AMERICA CORP | 4,939,695 | |
| BANK OF MONTREAL | 689,123 | |
| BANK OF NEW YORK MELLON CORP/THE | 129,237 | |
| BANK OF NOVA SCOTIA/THE | 2,281,597 | |
| BAPTIST HEALTH SOUTH FLORIDA INC | 260,360 | |
| BAXTER INTERNATIONAL INC | 126,523 | |
| BAYER US FINANCE II LLC | 935,842 | |
| BLACK HILLS CORP | 957,124 | |
| BMW US CAPITAL LLC | 1,476,028 | |
| BNP PARIBAS SA | 1,410,792 | |
| BOEING CO/THE | 1,292,543 | |
| BOSTON PROPERTIES LP | 1,510,839 | |
| BP CAPITAL MARKETS AMERICA INC | 1,861,426 | |
| BRISTOL-MYERS SQUIBB CO | 517,954 | |
| BROWN-FORMAN CORP | 167,214 | |
| CANADIAN NATURAL RESOURCES LTD | 326,126 | |
| CAPITAL ONE BANK USA NA | 401,208 | |
| CAPITAL ONE FINANCIAL CORP | 309,157 | |
| CAPITAL ONE NA | 908,028 | |
| CARDINAL HEALTH INC | 195,786 | |
| CARGILL INC | 886,420 | |
| CARRIER GLOBAL CORP | 907,881 | |
| CATERPILLAR FINANCIAL SERVICES CORP | 1,005,526 | |
| CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | 657,209 | |
| | | | | | | | |
| CES MU2 LLC | 1,036,818 | |
| CHARLES SCHWAB CORP/THE | 127,355 | |
| CHEVRON CORP | 368,550 | |
| CHEVRON PHILLIPS CHEMICAL CO LLC | 542,620 | |
| CHRISTUS HEALTH | 482,950 | |
| CHUBB INA HOLDINGS INC | 93,160 | |
| CIGNA CORP | 505,761 | |
| CINTAS CORP NO 2 | 1,014,818 | |
| CITIGROUP INC | 3,793,686 | |
| CITIZENS BANK NA/PROVIDENCE RI | 539,297 | |
| CLOROX CO/THE | 797,139 | |
| COCA-COLA CO/THE | 430,553 | |
| COMCAST CORP | 1,805,016 | |
| COMMONSPIRIT HEALTH | 75,526 | |
| CONNECTICUT LIGHT AND POWER CO/THE | 384,554 | |
| COOPERATIEVE RABOBANK UA | 1,374,715 | |
| CORNING INC | 516,193 | |
| CREDIT SUISSE GROUP AG | 2,040,383 | |
| CRH AMERICA INC | 609,049 | |
| CROWLEY CONRO LLC | 702,999 | |
| CVS HEALTH CORP | 1,157,787 | |
| DAIMLER FINANCE NORTH AMERICA LLC | 2,631,169 | |
| DANONE SA | 528,247 | |
| DEERE & CO | 131,486 | |
| DIAGEO CAPITAL PLC | 909,293 | |
| DIGITAL REALTY TRUST LP | 305,715 | |
| DTE ELECTRIC CO | 454,763 | |
| DUKE ENERGY CAROLINAS LLC | 441,425 | |
| DUKE ENERGY PROGRESS LLC | 1,313,941 | |
| DUKE REALTY LP | 871,140 | |
| DUPONT DE NEMOURS INC | 1,314,202 | |
| DY9 LEASING LLC | 1,136,536 | |
| EAST OHIO GAS CO/THE | 40,780 | |
| EATON CORP | 146,714 | |
| ECOLAB INC | 597,792 | |
| EI DU PONT DE NEMOURS AND CO | 73,695 | |
| EMD FINANCE LLC | 607,590 | |
| EMERSON ELECTRIC CO | 127,099 | |
| EMORY UNIVERSITY | 135,751 | |
| ENTERGY ARKANSAS LLC | 739,775 | |
| ENTERGY LOUISIANA LLC | 351,385 | |
| ENTERPRISE PRODUCTS OPERATING LLC | 864,136 | |
| EQUIFAX INC | 914,457 | |
| EQUINOR ASA | 257,825 | |
| ERP OPERATING LP | 257,719 | |
| EVERGY METRO INC | 297,177 | |
| EXXON MOBIL CORP | 299,198 | |
| FEDERAL REALTY INVESTMENT TRUST | 1,427,922 | |
| FEDERATION DES CAISSES DESJARDIN DU QUEBEC | 636,626 | |
| FEDEX CORP | 954,168 | |
| FIDELITY NATIONAL INFORMATION SERVICES INC | 181,669 | |
| FIFTH THIRD BANCORP | 435,193 | |
| FIFTH THIRD BANK NA | 258,995 | |
| FISERV INC | 1,214,257 | |
| FLORIDA GAS TRANSMISSION CO LLC | 647,185 | |
| FLORIDA POWER & LIGHT CO | 76,676 | |
| FMC CORP | 287,454 | |
| FORD MOTOR CREDIT CO LLC | 1,034,167 | |
| | | | | | | | |
| FORTUNE BRANDS HOME & SECURITY INC | 110,067 | |
| GENERAL DYNAMICS CORP | 574,130 | |
| GENERAL MILLS INC | 979,233 | |
| GENERAL MOTORS FINANCIAL CO INC | 418,518 | |
| GEORGIA-PACIFIC LLC | 1,245,466 | |
| GGLAXOSMITHKLINE CAPITAL PLC | 150,644 | |
| GILEAD SCIENCES INC | 170,839 | |
| GLAXOSMITHKLINE CAPITAL INC | 204,378 | |
| GLAXOSMITHKLINE CAPITAL PLC | 1,226,610 | |
| GOLDMAN SACHS GROUP INC/THE | 3,664,883 | |
| GUARDIAN LIFE GLOBAL FUNDING | 345,735 | |
| HALLIBURTON CO | 516,455 | |
| HEALTH CARE SERVICE CORP A MUTUAL LEGAL RESERVE CO | 246,638 | |
| HEALTHCARE TRUST OF AMERICA HOLDINGS LP | 194,994 | |
| HEALTHPEAK PROPERTIES INC | 251,642 | |
| HELIOS LEASING I LLC | 341,865 | |
| HEWLETT PACKARD ENTERPRISE CO | 701,060 | |
| HEXCEL CORP | 361,615 | |
| HONEYWELL INTERNATIONAL INC | 93,349 | |
| HSBC HOLDINGS PLC | 2,928,761 | |
| HUNTINGTON NATIONAL BANK/THE | 403,700 | |
| INTEL CORP | 778,917 | |
| INTERNATIONAL BUSINESS MACHINES CORP | 190,001 | |
| JACKSON NATIONAL LIFE GLOBAL FUNDING | 228,959 | |
| JOHN DEERE CAPITAL CORP | 197,608 | |
| JOHNS HOPKINS HEALTH SYSTEM CORP/THE | 276,203 | |
| (a) | JPMORGAN CHASE & CO | 3,792,285 | |
| KAISER FOUNDATION HOSPITALS | 727,950 | |
| KENTUCKY UTILITIES CO | 893,224 | |
| KEYBANK NA/CLEVELAND OH | 574,468 | |
| KEYCORP | 665,662 | |
| KIMCO REALTY CORP | 298,071 | |
| KLA CORP | 96,843 | |
| LAM RESEARCH CORP | 646,286 | |
| LELAND STANFORD JUNIOR UNI BOARD OF TRUSTEES | 242,219 | |
| LELAND STANFORD JUNIOR UNIVERSITY/THE | 273,097 | |
| LOWE'S COS INC | 68,679 | |
| M&T BANK CORP | 192,028 | |
| MAGELLAN MIDSTREAM PARTNERS LP | 543,792 | |
| MANUFACTURERS & TRADERS TRUST CO | 322,542 | |
| MARATHON PETROLEUM CORP | 585,227 | |
| MARSH & MCLENNAN COS INC | 1,157,903 | |
| MARTIN MARIETTA MATERIALS INC | 203,838 | |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | 380,135 | |
| MASSMUTUAL GLOBAL FUNDING II | 1,696,035 | |
| MASTERCARD INC | 172,438 | |
| MAXIM INTEGRATED PRODUCTS INC | 409,253 | |
| MCCORMICK & CO INC/MD | 1,263,787 | |
| MCDONALD'S CORP | 977,832 | |
| METROPOLITAN LIFE GLOBAL FUNDING I | 192,326 | |
| MICROCHIP TECHNOLOGY INC | 546,247 | |
| MID-AMERICA APARTMENTS LP | 299,734 | |
| MITSUBISHI UFJ FINANCIAL GROUP INC | 2,589,248 | |
| MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV | 614,792 | |
| MONDELEZ INTERNATIONAL INC | 107,035 | |
| MONONGAHELA POWER CO | 467,012 | |
| MORGAN STANLEY | 3,322,253 | |
| MPLX LP | 444,521 | |
| | | | | | | | |
| MSN 41079 AND 41084 LTD | 569,509 | |
| NATIONAL RETAIL PROPERTIES INC | 175,249 | |
| NEW YORK AND PRESBYTERIAN HOSPITAL/THE | 253,183 | |
| NEW YORK HOSPITAL FOR SPECIAL SURGERY | 90,714 | |
| NEW YORK LIFE GLOBAL FUNDING | 1,176,990 | |
| NEXTERA ENERGY CAPITAL HOLDINGS INC | 1,109,997 | |
| NIKE INC | 241,892 | |
| NORFOLK SOUTHERN CORP | 113,300 | |
| NORTHROP GRUMMAN CORP | 459,632 | |
| NOVARTIS CAPITAL CORP | 429,860 | |
| NUTRIEN LTD | 298,799 | |
| OCCIDENTAL PETROLEUM CORP | 175,222 | |
| ONCOR ELECTRIC DELIVERY CO LLC | 472,904 | |
| ORACLE CORP | 3,070,213 | |
| ORLANDO HEALTH OBLIGATED GROUP | 393,370 | |
| OTIS WORLDWIDE CORP | 781,929 | |
| PACCAR FINANCIAL CORP | 249,050 | |
| PACIFIC LIFE GLOBAL FUNDING II | 130,523 | |
| PACIFICORP | 482,760 | |
| PACKAGING CORP OF AMERICA | 658,291 | |
| PARKER-HANNIFIN CORP | 1,107,659 | |
| PAYPAL HOLDINGS INC | 92,254 | |
| PEACEHEALTH OBLIGATED GROUP | 81,795 | |
| PERNOD RICARD INTERNATIONAL FINANCE LLC | 228,504 | |
| PHILLIPS 66 | 846,997 | |
| PHOENIX 2012 LLC | 689,449 | |
| PNC BANK NA | 644,741 | |
| PPG INDUSTRIES INC | 664,139 | |
| PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP | 790,301 | |
| PUBLIC SERVICE CO OF NEW HAMPSHIRE | 445,093 | |
| PUBLIC SERVICE ELECTRIC AND GAS CO | 1,460,378 | |
| RAYTHEON TECHNOLOGIES CORP | 213,199 | |
| REALTY INCOME CORP | 629,647 | |
| REGIONS FINANCIAL CORP | 667,662 | |
| RELX CAPITAL INC | 572,294 | |
| RIMON LLC | 970,270 | |
| ROCHESTER GAS AND ELECTRIC CORP | 398,924 | |
| ROGERS COMMUNICATIONS INC | 498,824 | |
| ROLLS-ROYCE PLC | 274,118 | |
| ROPER TECHNOLOGIES INC | 1,245,955 | |
| ROYAL BANK OF CANADA | 2,834,178 | |
| RYDER SYSTEM INC | 463,333 | |
| SCHLUMBERGER FINANCE CANADA LTD | 301,692 | |
| SCHLUMBERGER INVESTMENT SA | 869,434 | |
| SHELL INTERNATIONAL FINANCE BV | 1,938,947 | |
| SHERWIN-WILLIAMS CO/THE | 389,984 | |
| SIEMENS FINANCIERINGSMAATSCHAPPIJ NV | 359,616 | |
| SIMON PROPERTY GROUP LP | 179,429 | |
| SOUTHERN CALIFORNIA EDISON CO | 827,166 | |
| SOUTHWESTERN PUBLIC SERVICE CO | 167,489 | |
| STANFORD HEALTH CARE | 178,463 | |
| STANLEY BLACK & DECKER INC | 457,477 | |
| STARBUCKS CORP | 237,560 | |
| STATE STREET CORP | 988,965 | |
| SUMITOMO MITSUI FINANCIAL GROUP INC | 1,224,779 | |
| SUTTER HEALTH | 504,172 | |
| TAGUA LEASING LLC | 728,342 | |
| TARGET CORP | 139,777 | |
| | | | | | | | |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV | 231,674 | |
| THERMO FISHER SCIENTIFIC INC | 253,600 | |
| TORONTO-DOMINION BANK/THE | 2,544,260 | |
| TOTAL CAPITAL INTERNATIONAL SA | 578,195 | |
| TOYOTA MOTOR CORP | 1,041,580 | |
| TOYOTA MOTOR CREDIT CORP | 586,972 | |
| TRANE TECHNOLOGIES LUXEMBOURG FINANCE SA | 875,815 | |
| TRANS-ALLEGHENY INTERSTATE LINE CO | 219,088 | |
| TRUIST BANK | 1,303,553 | |
| TRUIST FINANCIAL CORP | 761,846 | |
| TSMC GLOBAL LTD | 786,521 | |
| TYCO ELECTRONICS GROUP SA | 353,124 | |
| UBS AG/LONDON | 204,239 | |
| UBS GROUP AG | 841,182 | |
| UNION ELECTRIC CO | 254,330 | |
| UNION PACIFIC CORP | 1,220,164 | |
| UNITED PARCEL SERVICE INC | 547,871 | |
| UNITEDHEALTH GROUP INC | 591,323 | |
| US BANK NA/CINCINNATI OH | 885,885 | |
| USAA CAPITAL CORP | 154,238 | |
| VENTAS REALTY LP | 298,034 | |
| VERIZON COMMUNICATIONS INC | 488,555 | |
| VIRGINIA ELECTRIC AND POWER CO | 253,216 | |
| VODAFONE GROUP PLC | 494,314 | |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC | 423,877 | |
| VORNADO REALTY LP | 144,578 | |
| WALT DISNEY CO/THE | 1,183,072 | |
| WASTE MANAGEMENT INC | 167,580 | |
| WELLTOWER INC | 1,128,243 | |
| WESTPAC BANKING CORP | 573,084 | |
| WESTROCK RKT LLC | 698,959 | |
| WRKCO INC | 130,284 | |
| XCEL ENERGY INC | 684,990 | |
| YALE UNIVERSITY | 1,099,680 | |
| TOTAL CORPORATE DEBT SECURITIES | $ | 182,541,014 | |
| | |
| GOVERNMENT BONDS | |
| ABILENE INDEPENDENT SCHOOL DISTRICT | $ | 577,894 | |
| ANTELOPE VALLEY COMMUNITY COLLEGE DISTRICT | 579,406 | |
| BOERNE SCHOOL DISTRICT | 1,265,381 | |
| CHIPPEWA VALLEY SCHOOLS | 441,454 | |
| CITY & COUNTY OF HONOLULU HI | 526,305 | |
| CITY OF CHESAPEAKE VA | 485,614 | |
| CITY OF HOUSTON TX | 292,937 | |
| CITY OF SAN ANTONIO TX | 496,911 | |
| CLACKAMAS & WASHINGTON COUNTIES SCHOOL DIST NO 3 | 816,139 | |
| CLEVELAND CLINIC HEALTH SYSTEM | 886,510 | |
| COAST COMMUNITY COLLEGE DISTRICT | 481,426 | |
| COMMONWEALTH OF MASSACHUSETTS | 650,600 | |
| COUNTY OF BROWARD FL AIRPORT SYSTEM REVENUE | 722,970 | |
| COUNTY OF MONTGOMERY MD | 510,697 | |
| COUNTY OF NORTHAMPTON PA | 480,830 | |
| CURATORS OF THE UNIVERSITY OF MISSOURI/THE | 499,459 | |
| DEKALB KANE LASALLE COUNTIES COMM COLLEGE DIST 523 | 244,446 | |
| DENVER DEDICATED TAX | 646,549 | |
| EQUINOR ASA | 666,710 | |
| FLORIDA WATER POLLUTION CONTROL FINANCING CORP | 934,224 | |
| HONOLULU CITY & COUNTY BOARD OF WATER SUPPLY | 225,518 | |
| HOUSTON TX UTILITY SYS REVENUE | 303,423 | |
| | | | | | | | |
| INDIANA UNIVERSITY | 798,841 | |
| JOBSOHIO BEVERAGE SYSTEM | 180,316 | |
| KELLER INDEPENDENT SCHOOL DISTRICT/TX | 567,315 | |
| LAKOTA LOCAL SCHOOL DISTRICT/BUTLER COUNTY | 375,493 | |
| LINN COUNTY COMMUNITY SCHOOL DISTRICT NO 9 LEBANON | 1,649,179 | |
| LOS ANGELES COMMUNITY COLLEGE DISTRICT/CA | 844,868 | |
| MASSACHUSETTS SCHOOL BUILDING AUTHORITY | 580,624 | |
| MASSACHUSETTS WATER RESOURCES AUTHORITY | 489,309 | |
| MD COMM DEV ADMIN HOUSING REV | 214,864 | |
| MISSOURI HIGHER ED LN AUTH | 802,975 | |
| MOUNTAIN VIEW-WHISMAN SCHOOL DISTRICT | 554,571 | |
| NEW YORK STATE DORMITORY AUTHORITY | 332,468 | |
| NEW YORK STATE URBAN DEVELOPMENT CORP | 879,876 | |
| NYC TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV | 549,726 | |
| OHLONE COMMUNITY COLLEGE DISTRICT | 510,125 | |
| PETROLEOS MEXICANOS | 2,903,995 | |
| SAN JOSE REDEVELOPMENT AGENCY SUCCESSOR AGENCY | 412,595 | |
| SANTA ANA COMMUNITY REDEVELOPMENT AGENCY | 1,158,618 | |
| SOUTH DAKOTA STATE BUILDING AUTHORITY | 577,253 | |
| STATE OF CALIFORNIA | 1,096,628 | |
| STATE OF HAWAII | 1,127,777 | |
| STATE OF LOUISIANA GASOLINE & FUELS TAX REVENUE | 776,445 | |
| STATE OF NEW YORK | 1,864,336 | |
| STATE OF OHIO | 778,207 | |
| STATE OF OREGON | 1,075,394 | |
| STATE OF OREGON DEPARTMENT OF TRANSPORTATION | 254,422 | |
| STATE OF TEXAS | 1,590,500 | |
| STATE OF UTAH | 871,986 | |
| STATE OF WASHINGTON | 848,711 | |
| STATE OF WISCONSIN | 1,436,082 | |
| TEXAS TECH UNIVERSITY SYSTEM | 384,091 | |
| TEXAS TRANSPORTATION COMMISSION STATE HIGHWAY FUND | 455,870 | |
| TRINITY HEALTH | 685,968 | |
| TWIN FALLS COUNTY SCHOOL DIST NO 411 TWIN FALLS | 623,517 | |
| UNITED STATES TREASURY NOTE/BOND | 132,643,736 | |
| UNIVERSITY OF CALIFORNIA | 526,448 | |
| UNIVERSITY OF MICHIGAN | 448,149 | |
| UNIVERSITY OF PENNSYLVANIA | 343,534 | |
| WASHINGTON & CLACKAMAS SCHOOL | 568,327 | |
| WISCONSIN ST GEN FUND APPROP | 576,307 | |
| TOTAL GOVERNMENT BONDS | $ | 176,094,852 | |
| | |
| MORTGAGE BACKED SECURITIES | |
| ALLY AUTO RECEIVABLES TRUST 2018-3 | $ | 217,599 | |
| ALLY AUTO RECEIVABLES TRUST 2019-3 | 259,316 | |
| AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST | 2,316,750 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2018-2 | 408,250 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2019-3 | 376,055 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2020-2 | 623,362 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2020-3 | 887,199 | |
| ARI FLEET LEASE TRUST 2018-B | 305,514 | |
| BA CREDIT CARD TRUST | 1,446,482 | |
| BMW VEHICLE OWNER TRUST 2020-A | 652,826 | |
| BRAZOS HIGHER EDUCATION AUTHORITY INC | 672,542 | |
| CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2019-2 | 590,921 | |
| CARMAX AUTO OWNER TRUST | 1,153,619 | |
| CARMAX AUTO OWNER TRUST 2019-4 | 781,949 | |
| CARMAX AUTO OWNER TRUST 2020-1 | 718,693 | |
| CARMAX AUTO OWNER TRUST 2020-2 | 826,427 | |
| | | | | | | | |
| CARMAX AUTO OWNER TRUST 2020-4 | 938,597 | |
| CHESAPEAKE FUNDING II LLC | 1,429,704 | |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2013-GC11 | 510,804 | |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2014-GC21 | 964,601 | |
| CNH EQUIPMENT TRUST 2017-B | 211,493 | |
| CNH EQUIPMENT TRUST 2018-B | 606,074 | |
| COMM 2012-CCRE5 MORTGAGE TRUST | 2,072,141 | |
| COMM 2013-CCRE10 MORTGAGE TRUST | 517,130 | |
| COMM 2013-CCRE6 MORTGAGE TRUST | 1,039,373 | |
| COMM 2013-CCRE7 MORTGAGE TRUST | 322,198 | |
| COMM 2013-LC6 MORTGAGE TRUST | 835,660 | |
| COMM 2014-CCRE17 MORTGAGE TRUST | 1,492,965 | |
| COMM 2014-CR14 MORTGAGE TRUST | 1,741,353 | |
| DBUBS 2011-LC2 MORTGAGE TRUST | 786,692 | |
| DELL EQUIPMENT FINANCE TRUST 2018-1 | 81,249 | |
| DELL EQUIPMENT FINANCE TRUST 2019-2 | 508,831 | |
| DELL EQUIPMENT FINANCE TRUST 2020-1 | 728,815 | |
| DELL EQUIPMENT FINANCE TRUST 2020-2 | 732,592 | |
| ECMC GROUP STUDENT LOAN TRUST 2018-2 | 895,040 | |
| EDLINC STUDENT LOAN FUNDING TRUST 2012-1 | 237,363 | |
| EDSOUTH INDENTURE NO 2 LLC | 283,814 | |
| EDU FUND OF SOUTH | 583,229 | |
| ENTERPRISE FLEET FINANCING 2018-2 LLC | 301,860 | |
| ENTERPRISE FLEET FINANCING 2019-3 LLC | 380,588 | |
| ENTERPRISE FLEET FINANCING 2020-2 LLC | 747,155 | |
| FANNIE MAE OR FREDDIE MAC | 39,239,128 | |
| FANNIE MAE POOL | 83,567,708 | |
| FANNIE MAE-ACES | 316,614 | |
| FORD CREDIT AUTO LEASE TRUST 2020-A | 1,455,444 | |
| FORD CREDIT AUTO LEASE TRUST 2020-B | 733,300 | |
| FORD CREDIT AUTO OWNER TR | 411,377 | |
| FORD CREDIT AUTO OWNER TRUST | 1,994,868 | |
| FORD CREDIT AUTO OWNER TRUST 2018-REV2 | 2,008,077 | |
| FORD CREDIT AUTO OWNER TRUST 2019-C | 734,644 | |
| FORD CREDIT AUTO OWNER TRUST 2020-A | 860,751 | |
| FORD CREDIT AUTO OWNER TRUST 2020-B | 1,316,143 | |
| FORD CREDIT AUTO OWNER TRUST 2020-C | 1,139,454 | |
| FORD CREDIT AUTO OWNER TRUST 2020-REV1 | 1,408,549 | |
| FREDDIE MAC GOLD POOL | 22,589,725 | |
| FREDDIE MAC MULTIFAM STRUCT PT CERT | 155,613 | |
| FREDDIE MAC MULTIFAMILY STRUCTURED PT CERTIFICATES | 2,703,404 | |
| FREDDIE MAC NON GOLD POOL | 5,626,932 | |
| FREDDIE MAC POOL | 12,689,273 | |
| GINNIE MAE II POOL | 16,455 | |
| GM FIN CONSUMER AUTO RECV TR 2017-3A | 87,339 | |
| GM FIN CONSUMER AUTO RECV TR 2018-2 | 325,520 | |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2020-2 | 790,493 | |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2020-3 | 802,099 | |
| GM FINANCIAL CONSUMER AUTO REC TRUST 2020-3 | 1,205,045 | |
| GM FINANCIAL CONSUMER AUTOMOBILE REC TRUST 2018-3 | 534,843 | |
| GM FINANCIAL CONSUMER AUTOMOBILE REC TRUST 2020-1 | 465,204 | |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST | 417,761 | |
| GNMA | 4,251,924 | |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 1,593,321 | |
| GS MORTGAGE SECURITIES TRUST 2011-GC5 | 975,640 | |
| GS MORTGAGE SECURITIES TRUST 2013-GC13 | 499,118 | |
| GS MORTGAGE SECURITIES TRUST 2013-GC16 | 1,772,602 | |
| GS MORTGAGE SECURITIES TRUST 2014-GC26 | 1,881,686 | |
| | | | | | | | |
| HARLEY-DAVIDSON MOTORCYCLE TRUST 2020-A | 808,212 | |
| HONDA AUTO RECEIVABLES 2018-2 OWNER TRUST | 297,988 | |
| HONDA AUTO RECEIVABLES 2019-4 OWNER TRUST | 561,555 | |
| HONDA AUTO RECEIVABLES 2020-2 OWNER TRUST | 654,330 | |
| HONDA AUTO RECEIVABLES 2020-3 OWNER TRUST | 766,396 | |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2020-A | 671,277 | |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2020-B | 1,344,909 | |
| HYUNDAI AUTO RECEIVABLES TRUST 2018-A | 94,908 | |
| HYUNDAI AUTO RECEIVABLES TRUST 2020-A | 1,076,977 | |
| HYUNDAI AUTO RECEIVABLES TRUST 2020-B | 979,299 | |
| JOHN DEERE OWNER TRUST 2018-B | 520,374 | |
| JOHN DEERE OWNER TRUST 2020 | 557,169 | |
| JOHN DEERE OWNER TRUST 2020-B | 526,807 | |
| (a) | JPMBB COMMERCIAL MORTGAGE SEC TRUST 2014-C26 | 595,270 | |
| (a) | JPMBB COMML MTG SEC TR | 365,432 | |
| (a) | JPMORGAN CHASE COMML MTG SEC TR | 2,219,042 | |
| (a) | JPMORGAN COMM MTG SEC TR | 631,368 | |
| MERCEDES-BENZ AUTO LEASE TRUST 2019-B | 719,726 | |
| MERCEDES-BENZ AUTO LEASE TRUST 2020-A | 517,542 | |
| MERCEDES-BENZ AUTO LEASE TRUST 2020-B | 756,725 | |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2018-1 | 495,055 | |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2020-1 | 824,441 | |
| MISSOURI HIGHER ED LN AUTH | 634,613 | |
| MMAF EQUIPMENT FINANCE LLC 2017-A | 769,445 | |
| MMAF EQUIPMENT FINANCE LLC 2017-B | 1,103,278 | |
| MMAF EQUIPMENT FINANCE LLC 2018-A | 931,972 | |
| MMAF EQUIPMENT FINANCE LLC 2019-A | 558,359 | |
| MMAF EQUIPMENT FINANCE LLC 2019-B | 788,234 | |
| MMAF EQUIPMENT FINANCE LLC 2020-B | 660,522 | |
| MO STATE HIGHER ED STD ASST | 378,606 | |
| MORGAN STANLEY BAML TRUST | 1,453,958 | |
| MORGAN STANLEY BAML TRUST 2014 C19 | 801,877 | |
| MORGAN STANLEY BAML TRUST 2014-C16 | 1,760,817 | |
| MORGAN STANLEY CAPITAL I TRUST 2011-C3 | 1,243,049 | |
| NAVIENT STUDENT LOAN TRUST 2016-6 | 629,014 | |
| NISSAN AUTO LEASE TRUST 2020-A | 1,051,489 | |
| NISSAN AUTO LEASE TRUST 2020-B | 846,375 | |
| NISSAN AUTO RECEIVABLES 2018-B OWNER TRUST | 595,772 | |
| NISSAN AUTO RECEIVABLES 2019-C OWNER TRUST | 811,896 | |
| NISSAN AUTO RECEIVABLES 2020-A OWNER TRUST | 794,941 | |
| NISSAN AUTO RECEIVABLES 2020-B OWNER TRUST | 617,693 | |
| NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTH | 867,619 | |
| PHEAA STUDENT LOAN TRUST 2014-2 | 1,023,624 | |
| SANTANDER RETAIL AUTO LEASE TRUST 2019-C | 667,541 | |
| SANTANDER RETAIL AUTO LEASE TRUST 2020-A | 966,360 | |
| SANTANDER RETAIL AUTO LEASE TRUST 2020-B | 903,084 | |
| SBA SMALL BUSINESS INVESTMENT COS | 13,462,236 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-2 | 340,422 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-3 | 257,781 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-1 | 868,212 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-2 | 997,317 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-3 | 635,563 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-2 | 2,602,204 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-3 | 9,192,813 | |
| SLCC STUDENT LOAN TRUST I | 250,602 | |
| STUDENT LOAN CORP | 582,465 | |
| TOWD POINT MORTGAGE TRUST 2015-6 | 322,955 | |
| | | | | | | | |
| TOWD POINT MORTGAGE TRUST 2016-1 | 224,241 | |
| TOWD POINT MORTGAGE TRUST 2016-3 | 203,855 | |
| TOWD POINT MORTGAGE TRUST 2016-4 | 119,831 | |
| TOWD POINT MORTGAGE TRUST 2017-1 | 296,316 | |
| TOWD POINT MORTGAGE TRUST 2017-5 | 44,902 | |
| TOWD POINT MORTGAGE TRUST 2017-6 | 575,561 | |
| TOWD POINT MORTGAGE TRUST 2018-2 | 1,474,137 | |
| TOWD POINT MORTGAGE TRUST 2018-3 | 1,109,177 | |
| TOWD POINT MORTGAGE TRUST 2019-4 | 1,582,877 | |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2019-1 | 886,717 | |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2020-1 | 1,544,868 | |
| TOYOTA AUTO RECEIVABLES 2019-D OWNER TRUST | 571,645 | |
| TOYOTA AUTO RECEIVABLES 2020-A OWNER TRUST | 857,222 | |
| TOYOTA AUTO RECEIVABLES 2020-B OWNER TRUST | 590,739 | |
| TOYOTA AUTO RECEIVABLES 2020-C OWNER TRUST | 735,556 | |
| UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C4 | 935,043 | |
| UNITED STATES SMALL BUSINESS ADMINISTRATION | 3,298,088 | |
| UTAH STATE BOARD OF REGENTS | 1,458,028 | |
| VERIZON OWNER TRUST 2018-A | 685,035 | |
| VERIZON OWNER TRUST 2019-A | 1,703,887 | |
| VERIZON OWNER TRUST 2019-B | 1,020,506 | |
| VERIZON OWNER TRUST 2019-C | 740,984 | |
| VERIZON OWNER TRUST 2020-A | 1,367,804 | |
| VERIZON OWNER TRUST 2020-B | 1,008,702 | |
| VERIZON OWNER TRUST 2020-C | 906,784 | |
| VERMONT STD ASST CORP | 1,029,862 | |
| VOLKSWAGEN AUTO LEASE TRUST 2019-A | 375,727 | |
| VOLKSWAGEN AUTO LEASE TRUST 2020-A | 951,252 | |
| VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2018-1 | 491,215 | |
| VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2020-1 | 737,983 | |
| VOLVO FINANCIAL EQUIPMENT LLC | 926,528 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 | 654,138 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2013-C11 | 1,748,562 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2013-C17 | 2,169,780 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2014-C20 | 1,384,483 | |
| WHEELS SPV 2 LLC | 255,984 | |
| WORLD OMNI AUTO RECEIVABLES TRUST | 1,298,193 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2018-B | 298,122 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2019-A | 607,328 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2019-C | 888,191 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2020-A | 1,103,224 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2020-C | 853,133 | |
| WORLD OMNI AUTOMOBILE LEASE SEC TRUST 2018-B | 460,546 | |
| WORLD OMNI AUTOMOBILE LEASE SEC TRUST 2020-B | 511,387 | |
| WORLD OMNI SELECT AUTO TRUST 2019-A | 945,614 | |
| TOTAL MORTGAGE BACKED SECURITIES | $ | 333,748,153 | |
| | |
| Net Assets Pending Settlement | $ | (39,425,840) | |
| | |
| SUBTOTAL STABLE VALUE FUND | $ | 710,330,103 | |
| | |
| TOTAL - INVESTMENT CONTRACTS | $ | 710,330,103 | |
| ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE | $ | (28,541,140) | |
| TOTAL - INVESTMENT CONTRACTS AT CONTRACT VALUE | $ | 681,788,963 | |
| | |
| AEP RETIREMENT SAVINGS 401(K) PLAN |
| PLAN #002 EIN #13-4922641 |
| SCHEDULE OF ASSETS (HELD AT END OF YEAR (continued) |
| DECEMBER 31, 2020 |
| | | | | | | | |
| Identity of Issuer, Borrower, Lessor or Similar Party | Current Value |
| | |
| CASH EQUIVALENTS | |
| CASH EQUIVALENTS | $ | 4,659,795 | |
| TOTAL CASH EQUIVALENTS | $ | 4,659,795 | |
| | |
| COMMON / COLLECTIVE TRUSTS | |
| EB DL NON SL EMERGING MARKETS STOCK INDEX FUND | $ | 50,660,881 | |
| EB DAILY LIQUIDITY NON SL AGGREGATE BOND INDEX FUND | 575,341,739 | |
| EB DAILY LIQUIDITY NON SL INTERNATIONAL STOCK INDEX FUND | 660,031,838 | |
| EB DAILY LIQUIDITY NON SL SMALL CAP STOCK | 210,808,132 | |
| EB DAILY LIQUIDITY NON SL STOCK INDEX FUND | 1,109,531,125 | |
| EB DAILY LIQUIDITY MID CAP STOCK INDEX FUND | 401,692,712 | |
| EB DL NON SL TREASURY INFLATION PROTECTED SECURITIES FUND | 26,571,999 | |
| (a) | JPMCB STRATEGIC PROPERTY FUND | 65,129,429 | |
| (a) | JPMCB LIQUIDITY FUND | 21,682,463 | |
| METWEST TOTAL RETURNED BOND FUND C CLASS SHARES | 67,993,031 | |
| COLUMBIA TRUST FOCUSED LARGE CAP GROWTH FUND | 246,556,207 | |
| TOTAL COMMON / COLLECTIVE TRUSTS | $ | 3,435,999,556 | |
| | |
| AEP STOCK | |
| (a) | AMERICAN ELECTRIC POWER COMPANY, INC. COMMON STOCK $6.50 PAR VALUE | $ | 323,077,524 | |
| TOTAL AEP STOCK | $ | 323,077,524 | |
| | |
| CORPORATE STOCKS | |
| 2U INC COMMON STOCK USD 0.001 | $ | 2,090,723 | |
| 8X8 INC COMMON STOCK USD 0.001 | 1,045,992 | |
| AARON'S CO INC/THE COMMON STOCK USD 0.5 | 137,763 | |
| ABIOMED INC COMMON STOCK USD 0.01 | 4,076,815 | |
| ABM INDUSTRIES INC COMMON STOCK USD 0.01 | 2,327,917 | |
| ACCO BRANDS CORP COMMON STOCK USD 0.01 | 195,609 | |
| ACTIVISION BLIZZARD INC COMMON STOCK USD 0.000001 | 540,294 | |
| ACUITY BRANDS INC COMMON STOCK USD 0.01 | 284,198 | |
| ADOBE INC COMMON STOCK USD 0.0001 | 6,305,513 | |
| ADTALEM GLOBAL EDUCATION INC COMMON STOCK USD 0.01 | 986,689 | |
| ADYEN NV ADR USD | 4,942,435 | |
| AECOM COMMON STOCK USD 0.01 | 445,830 | |
| AEGION CORP COMMON STOCK EUR 0.01 | 177,177 | |
| AERCAP HOLDINGS NV COMMON STOCK USD 0.01 | 354,476 | |
| AES CORP/THE COMMON STOCK USD 0.01 | 319,718 | |
| AGCO CORP COMMON STOCK USD 0.01 | 303,806 | |
| AGIOS PHARMACEUTICALS INC COMMON STOCK USD 0.001 | 597,044 | |
| AGNC INVESTMENT CORP REIT USD 0.01 | 228,757 | |
| AIRBNB INC COMMON STOCK USD 0.0001 | 166,912 | |
| AKAMAI TECHNOLOGIES INC COMMON STOCK USD 0.01 | 1,212,844 | |
| ALASKA AIR GROUP INC COMMON STOCK USD 0.01 | 218,920 | |
| ALLAKOS INC COMMON STOCK USD 0.001 | 515,200 | |
| ALLEGHANY CORP COMMON STOCK USD 1 | 2,511,954 | |
| ALLIANCE DATA SYSTEMS CORP COMMON STOCK USD 0.01 | 242,529 | |
| ALLISON TRANSMISSION HOLDINGS INC COMMON STOCK USD | 297,856 | |
| ALLY FINANCIAL INC COMMON STOCK USD 0.1 | 1,423,476 | |
| ALPHABET INC COMMON STOCK USD 0.001 | 13,120,712 | |
| ALTICE USA INC COMMON STOCK USD 0.01 | 797,239 | |
| AMAZON.COM INC COMMON STOCK USD 0.01 | 16,108,776 | |
| AMDOCS LTD | 197,170 | |
| AMERICAN FINANCIAL GROUP INC/OH COMMON STOCK USD 0 | 302,815 | |
| AMERICAN TOWER CORP REIT USD 0.01 | 2,263,470 | |
| AMERICOLD REALTY TRUST | 135,407 | |
| | | | | | | | |
| AMERIPRISE FINANCIAL INC COMMON STOCK USD 0.01 | 401,874 | |
| AMERISOURCEBERGEN CORP COMMON STOCK USD 0.01 | 478,144 | |
| AMGEN INC COMMON STOCK USD 0.0001 | 441,216 | |
| AMN HEALTHCARE SERVICES INC COMMON STOCK USD 0.01 | 1,068,863 | |
| AMPHENOL CORP COMMON STOCK USD 0.001 | 1,205,883 | |
| ANAPLAN INC COMMON STOCK USD 0.0001 | 3,338,079 | |
| ANTHEM INC COMMON STOCK USD 0.01 | 1,805,810 | |
| APACHE CORP COMMON STOCK EUR 0.625 | 339,482 | |
| APPLE INC COMMON STOCK USD 0.00001 | 12,711,702 | |
| APPLIED MATERIALS INC COMMON STOCK USD 0.01 | 2,361,427 | |
| APTIV PLC COMMON STOCK USD 0.01 | 1,574,424 | |
| ARCH CAPITAL GROUP LTD COMMON STOCK USD 0.01 | 493,257 | |
| ARCHER-DANIELS-MIDLAND CO COMMON STOCK USD 0 | 117,304 | |
| ARES COMMERCIAL REAL ESTATE CORP REIT USD 0.01 | 90,968 | |
| ARGO GROUP INTERNATIONAL HOLDINGS LTD COMMON STOCK | 366,250 | |
| ARROW ELECTRONICS INC COMMON STOCK USD 1 | 299,198 | |
| ARVINAS INC COMMON STOCK USD 0.001 | 252,242 | |
| ASGN INC COMMON STOCK USD 0.01 | 610,771 | |
| ASHLAND GLOBAL HOLDINGS INC COMMON STOCK USD 0 | 671,299 | |
| ASSURANT INC COMMON STOCK USD 0.01 | 702,487 | |
| ASSURED GUARANTY LTD COMMON STOCK USD 0.01 | 325,197 | |
| ASTRAZENECA PLC ADR USD | 3,261,848 | |
| ATLANTIC UNION BANKSHARES CORP COMMON STOCK USD | 183,015 | |
| ATLASSIAN CORP PLC COMMON STOCK USD 0.1 | 1,909,081 | |
| AUTOLIV INC COMMON STOCK USD 1 | 301,443 | |
| AUTOZONE INC COMMON STOCK USD 0.01 | 512,110 | |
| AVALONBAY COMMUNITIES INC REIT USD 0.01 | 409,263 | |
| AVANTOR INC COMMON STOCK USD 0.01 | 416,113 | |
| AXIS CAPITAL HOLDINGS LTD COMMON STOCK USD 0.0125 | 1,234,581 | |
| AXOGEN INC COMMON STOCK USD 0.01 | 1,031,344 | |
| BANCFIRST CORP COMMON STOCK USD 1 | 100,553 | |
| BANCORPSOUTH BANK COMMON STOCK USD 2.5 | 155,667 | |
| BANK OF AMERICA CORP COMMON STOCK USD 0.01 | 3,109,897 | |
| BANK OF NEW YORK MELLON CORP/THE COMMON STOCK USD | 401,398 | |
| BANK OZK COMMON STOCK USD | 681,186 | |
| BANKUNITED INC COMMON STOCK USD 0.01 | 250,242 | |
| BELDEN INC COMMON STOCK USD 0.01 | 1,704,809 | |
| BERKSHIRE HATHAWAY INC COMMON STOCK USD 0.0033 | 1,808,586 | |
| BERRY GLOBAL GROUP INC COMMON STOCK USD 0.01 | 129,574 | |
| BEST BUY CO INC COMMON STOCK USD 0.1 | 469,491 | |
| BILL.COM HOLDINGS INC COMMON STOCK USD 0.00001 | 3,150,693 | |
| BIO-TECHNE CORP COMMON STOCK USD 0.01 | 5,411,687 | |
| BIOTELEMETRY INC COMMON STOCK USD 0.001 | 2,594,952 | |
| BJ'S WHOLESALE CLUB HOLDINGS INC COMMON STOCK USD | 479,980 | |
| BLACKSTONE GROUP INC/THE COMMON STOCK USD 0 | 1,380,453 | |
| BLACKSTONE MORTGAGE TRUST INC REIT USD 0.01 | 162,904 | |
| BLOOMIN' BRANDS INC COMMON STOCK USD 0.01 | 153,340 | |
| BMC STOCK HOLDINGS INC COMMON STOCK EUR 0.01 | 258,362 | |
| BOOKING HOLDINGS INC COMMON STOCK USD 0.008 | 1,781,816 | |
| BOOZ ALLEN HAMILTON HOLDING CORP COMMON STOCK USD | 1,366,895 | |
| BORGWARNER INC COMMON STOCK USD 0.01 | 275,387 | |
| BP PLC ADR USD | 153,982 | |
| BRUNSWICK CORP/DE COMMON STOCK USD 0.75 | 516,907 | |
| BWX TECHNOLOGIES INC COMMON STOCK USD 0.01 | 276,625 | |
| CABOT CORP COMMON STOCK USD 1 | 136,974 | |
| CABOT OIL & GAS CORP COMMON STOCK USD 0.1 | 1,473,340 | |
| CADENCE DESIGN SYSTEMS INC COMMON STOCK USD 0.01 | 1,280,259 | |
| CALLAWAY GOLF CO COMMON STOCK USD 0.01 | 27,203 | |
| CAMPBELL SOUP CO COMMON STOCK USD 0.0375 | 457,004 | |
| CAPITAL ONE FINANCIAL CORP COMMON STOCK USD 0.01 | 2,471,250 | |
| CARDINAL HEALTH INC COMMON STOCK USD 0 | 447,716 | |
| CARGURUS INC COMMON STOCK USD 0.001 | 558,734 | |
| | | | | | | | |
| CARLISLE COS INC COMMON STOCK USD 1 | 643,618 | |
| CARLYLE GROUP INC/THE COMMON STOCK USD 1 | 1,821,665 | |
| CARTER'S INC COMMON STOCK USD 0.01 | 761,873 | |
| CATHAY GENERAL BANCORP COMMON STOCK USD 0.01 | 104,038 | |
| CDK GLOBAL INC COMMON STOCK USD 0.01 | 238,055 | |
| CDW CORP/DE COMMON STOCK USD 0.01 | 1,194,940 | |
| CELANESE CORP COMMON STOCK USD 0.0001 | 120,195 | |
| CENOVUS ENERGY INC COMMON STOCK CAD 0 | 147,467 | |
| CENTERPOINT ENERGY INC COMMON STOCK USD 0.01 | 432,259 | |
| CENTURYLINK INC COMMON STOCK USD 1 | 241,108 | |
| CH ROBINSON WORLDWIDE INC COMMON STOCK USD 0.1 | 1,281,397 | |
| CHAMPIONX CORP COMMON STOCK USD 0.01 | 632,227 | |
| CHANGE HEALTHCARE INC COMMON STOCK USD 0.001 | 635,965 | |
| CHANNELADVISOR CORP COMMON STOCK USD 0.001 | 439,897 | |
| CHENIERE ENERGY INC COMMON STOCK USD 0.003 | 312,756 | |
| CHEVRON CORP COMMON STOCK USD 0.75 | 148,041 | |
| CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD 0.01 | 2,455,863 | |
| CHUBB LTD COMMON STOCK USD 24.15 | 1,098,370 | |
| CIGNA CORP COMMON STOCK USD 0.01 | 2,664,704 | |
| CIMPRESS PLC COMMON STOCK USD 0.01 | 972,598 | |
| CITIGROUP INC | 2,882,975 | |
| CITIZENS FINANCIAL GROUP INC COMMON STOCK USD 0.01 | 400,762 | |
| CLEAN HARBORS INC COMMON STOCK USD 0.01 | 1,926,243 | |
| CLEARWATER PAPER CORP COMMON STOCK USD 0.0001 | 167,799 | |
| COHERENT INC COMMON STOCK USD 0.01 | 204,627 | |
| COLFAX CORP COMMON STOCK USD 0.001 | 584,116 | |
| COLUMBIA BANKING SYSTEM INC COMMON STOCK USD 0 | 174,187 | |
| COMCAST CORP COMMON STOCK USD 0.01 | 2,171,980 | |
| COMMSCOPE HOLDING CO INC COMMON STOCK USD 0.01 | 187,252 | |
| CONAGRA BRANDS INC | 1,584,562 | |
| CONCENTRIX CORP COMMON STOCK USD | 499,817 | |
| CONDUENT INC COMMON STOCK USD 0.01 | 155,246 | |
| CONOCOPHILLIPS COMMON STOCK USD 0.01 | 152,802 | |
| COOPER COS INC/THE COMMON STOCK USD 0.1 | 1,254,907 | |
| CORNING INC COMMON STOCK USD 0.5 | 1,175,148 | |
| CORPORATE OFFICE PROPERTIES TRUST REIT USD 0.01 | 507,571 | |
| COSTCO WHOLESALE CORP COMMON STOCK USD 0.005 | 4,108,032 | |
| COUPA SOFTWARE INC COMMON STOCK USD 0.0001 | 2,323,906 | |
| COUSINS PROPERTIES INC REIT USD 1 | 446,836 | |
| COVANTA HOLDING CORP COMMON STOCK USD 0.1 | 126,380 | |
| CRANE CO COMMON STOCK USD 1 | 309,397 | |
| CROCS INC COMMON STOCK USD 0.001 | 471,892 | |
| CROWN HOLDINGS INC COMMON STOCK USD 5 | 117,535 | |
| CUMMINS INC COMMON STOCK USD 2.5 | 291,369 | |
| CURTISS-WRIGHT CORP COMMON STOCK USD 1 | 313,680 | |
| DANA INC | 1,033,135 | |
| DANAHER CORP COMMON STOCK USD 0.01 | 2,989,537 | |
| DAVITA INC COMMON STOCK USD 0.001 | 491,319 | |
| DECIPHERA PHARMACEUTICALS INC COMMON STOCK USD | 819,925 | |
| DECKERS OUTDOOR CORP COMMON STOCK USD 0.01 | 510,468 | |
| DENTSPLY SIRONA INC COMMON STOCK USD 0.01 | 2,141,575 | |
| DEXCOM INC COMMON STOCK USD 0.001 | 1,901,470 | |
| DIAMONDBACK ENERGY INC COMMON STOCK USD 0.01 | 417,934 | |
| DICK'S SPORTING GOODS INC COMMON STOCK USD 0.01 | 491,613 | |
| DISCOVER FINANCIAL SERVICES COMMON STOCK USD 0.01 | 425,038 | |
| DOLBY LABORATORIES INC COMMON STOCK USD 0.001 | 3,717,262 | |
| DOLLAR GENERAL CORP COMMON STOCK USD 0.875 | 488,737 | |
| DOMINION ENERGY INC COMMON STOCK USD 0 | 249,288 | |
| DONNELLEY FINANCIAL SOLUTIONS INC COMMON STOCK USD | 212,040 | |
| DOVER CORP COMMON STOCK USD 1 | 1,015,176 | |
| DR HORTON INC COMMON STOCK USD 0.01 | 474,928 | |
| DXC TECHNOLOGY CO COMMON STOCK USD 0.01 | 132,046 | |
| | | | | | | | |
| EAST WEST BANCORP INC COMMON STOCK USD 0.001 | 217,495 | |
| EASTMAN CHEMICAL CO COMMON STOCK USD 0.01 | 512,598 | |
| EATON CORP PLC COMMON STOCK USD 0.01 | 871,015 | |
| EDWARDS LIFESCIENCES CORP COMMON STOCK USD 1 | 3,024,731 | |
| ELANCO ANIMAL HEALTH INC COMMON STOCK USD 0 | 1,599,441 | |
| ELASTIC NV COMMON STOCK USD 0.01 | 4,986,540 | |
| ELEMENT SOLUTIONS INC COMMON STOCK USD 0.01 | 342,703 | |
| ELI LILLY & CO COMMON STOCK USD 0 | 2,556,744 | |
| EMCOR GROUP INC COMMON STOCK USD 0.01 | 443,947 | |
| EMERSON ELECTRIC CO COMMON STOCK USD 0.5 | 280,813 | |
| ENCOMPASS HEALTH CORP COMMON STOCK USD 0.01 | 697,280 | |
| ENERGIZER HOLDINGS INC COMMON STOCK USD 0 | 434,412 | |
| ENERSYS COMMON STOCK USD 0.01 | 928,362 | |
| ENTERGY CORP COMMON STOCK USD 0.01 | 731,128 | |
| ENVISTA HOLDINGS CORP COMMON STOCK USD 0.01 | 808,272 | |
| EOG RESOURCES INC COMMON STOCK USD 0.01 | 1,708,048 | |
| EPR PROPERTIES REIT USD 0.01 | 353,340 | |
| EQT CORP COMMON STOCK USD 0 | 293,957 | |
| EQUITABLE HOLDINGS INC COMMON STOCK USD 0.01 | 383,006 | |
| EQUITRANS MIDSTREAM CORP COMMON STOCK USD | 126,686 | |
| EQUITY COMMONWEALTH REIT USD 0.01 | 1,549,804 | |
| ESSENT GROUP LTD COMMON STOCK USD 0.015 | 515,549 | |
| ESTEE LAUDER COS INC/THE COMMON STOCK USD 0.01 | 3,742,898 | |
| EURONET WORLDWIDE INC COMMON STOCK USD 0.02 | 1,782,081 | |
| EVERCORE INC COMMON STOCK USD 0.01 | 1,038,510 | |
| EVEREST RE GROUP LTD COMMON STOCK USD 0.01 | 267,097 | |
| EVERGY INC COMMON STOCK USD 0 | 1,000,124 | |
| EVERTEC INC COMMON STOCK USD 0.01 | 269,539 | |
| EXACT SCIENCES CORP COMMON STOCK USD 0.01 | 826,208 | |
| EXELON CORP COMMON STOCK USD 0 | 267,295 | |
| EXTENDED STAY AMERICA INC UNIT USD 0.01 | 138,459 | |
| EXXON MOBIL CORP COMMON STOCK USD 0 | 161,376 | |
| FACEBOOK INC COMMON STOCK USD 0.000006 | 8,566,571 | |
| FAIR ISAAC CORP COMMON STOCK USD 0.01 | 1,123,777 | |
| FARFETCH LTD COMMON STOCK USD 0.04 | 3,160,318 | |
| FEDERAL AGRICULTURAL MORTGAGE CORP COMMON STOCK | 110,410 | |
| FIDELITY NATIONAL FINANCIAL INC COMMON STOCK USD | 619,577 | |
| FIFTH THIRD BANCORP COMMON STOCK USD 0 | 174,028 | |
| FIREEYE INC COMMON STOCK USD 0.0001 | 848,400 | |
| FIRST AMERICAN FINANCIAL CORP COMMON STOCK USD | 229,857 | |
| FIRST CITIZENS BANCSHARES INC/NC COMMON STOCK USD | 190,814 | |
| FIRST HAWAIIAN INC COMMON STOCK USD 0.01 | 702,825 | |
| FIRST HORIZON CORP COMMON STOCK USD 0.625 | 160,314 | |
| FIRST MERCHANTS CORP COMMON STOCK USD 0 | 184,693 | |
| FIRST OF LONG ISLAND CORP/THE COMMON STOCK USD 0.1 | 50,373 | |
| FIRSTCASH INC | 501,907 | |
| FISERV INC COMMON STOCK USD 0.01 | 1,781,909 | |
| FIVE BELOW INC COMMON STOCK USD 0.01 | 2,247,093 | |
| FIVERR INTERNATIONAL LTD COMMON STOCK USD | 2,649,653 | |
| FLEX LTD COMMON STOCK USD 0 | 1,717,144 | |
| FMC CORP COMMON STOCK USD 0.1 | 227,358 | |
| FNB CORP/PA COMMON STOCK USD 0.01 | 187,967 | |
| FNFV GROUP TRACKING STK USD 0.0001 | — | |
| FOOT LOCKER INC COMMON STOCK USD 0.01 | 359,916 | |
| FORWARD AIR CORP COMMON STOCK USD 0.01 | 1,315,501 | |
| FOX FACTORY HOLDING CORP COMMON STOCK USD 0.001 | 548,635 | |
| FRANKLIN RESOURCES INC COMMON STOCK USD 0.1 | 436,868 | |
| FRESH DEL MONTE PRODUCE INC COMMON STOCK USD 0.01 | 301,092 | |
| FRONTDOOR INC COMMON STOCK USD 0.01 | 2,264,371 | |
| FTI CONSULTING INC COMMON STOCK USD 0.01 | 426,212 | |
| GARMIN LTD COMMON STOCK USD 0.1 | 501,191 | |
| GARTNER INC COMMON STOCK USD 0.0005 | 1,219,206 | |
| | | | | | | | |
| GENERAC HOLDINGS INC COMMON STOCK USD 0.01 | 1,934,122 | |
| GENERAL MILLS INC COMMON STOCK USD 0.1 | 462,697 | |
| GENERAL MOTORS CO COMMON STOCK USD 0.01 | 500,305 | |
| GENTEX CORP COMMON STOCK USD 0.06 | 665,435 | |
| GERMAN AMERICAN BANCORP INC COMMON STOCK USD 0 | 46,624 | |
| GLOBE LIFE INC COMMON STOCK USD 1 | 186,122 | |
| GOLDMAN SACHS GROUP INC/THE COMMON STOCK USD 0.01 | 446,197 | |
| GRACO INC COMMON STOCK USD 1 | 2,952,169 | |
| GRAFTECH INTERNATIONAL LTD COMMON STOCK USD 0.01 | 207,614 | |
| GRAND CANYON EDUCATION INC COMMON STOCK USD 0.01 | 592,831 | |
| GRAPHIC PACKAGING HOLDING CO COMMON STOCK USD 0.01 | 1,367,070 | |
| GREAT WESTERN BANCORP INC COMMON STOCK USD 0.01 | 117,563 | |
| GROCERY OUTLET HOLDING CORP COMMON STOCK USD 0.001 | 5,906,026 | |
| GUARDANT HEALTH INC COMMON STOCK USD 0.00001 | 550,833 | |
| GUIDEWIRE SOFTWARE INC COMMON STOCK USD 0.0001 | 3,961,408 | |
| HALLIBURTON CO COMMON STOCK USD 2.5 | 428,350 | |
| HANCOCK WHITNEY CORP COMMON STOCK USD 3.33 | 154,689 | |
| HANESBRANDS INC COMMON STOCK USD 0.01 | 2,504,057 | |
| HANOVER INSURANCE GROUP INC/THE COMMON STOCK USD | 127,092 | |
| HARLEY-DAVIDSON INC COMMON STOCK USD 0.01 | 388,580 | |
| HARSCO CORP COMMON STOCK USD 1.25 | 226,710 | |
| HB FULLER CO COMMON STOCK USD 1 | 289,854 | |
| HEALTHEQUITY INC COMMON STOCK USD 0.0001 | 7,026,210 | |
| HEARTLAND EXPRESS INC COMMON STOCK USD 0.01 | 492,845 | |
| HELEN OF TROY LTD COMMON STOCK USD 0.1 | 410,385 | |
| HELMERICH & PAYNE INC COMMON STOCK USD 0.1 | 413,707 | |
| HENRY SCHEIN INC COMMON STOCK USD 0.01 | 1,986,277 | |
| HERON THERAPEUTICS INC COMMON STOCK USD 0.01 | 967,346 | |
| HILLENBRAND INC COMMON STOCK USD 0 | 187,219 | |
| HOLOGIC INC COMMON STOCK USD 0.01 | 1,923,659 | |
| HOME BANCSHARES INC/AR COMMON STOCK USD 0.01 | 145,613 | |
| HOME DEPOT INC/THE COMMON STOCK USD 0.05 | 3,819,616 | |
| HOWMET AEROSPACE INC COMMON STOCK USD | 264,223 | |
| HUMANA INC COMMON STOCK USD 0.166 | 2,550,014 | |
| HUNTINGTON BANCSHARES INC/OH COMMON STOCK USD 0.01 | 623,092 | |
| HUNTSMAN CORP COMMON STOCK USD 0.01 | 146,038 | |
| ICON PLC COMMON STOCK USD 0.06 | 334,196 | |
| INDEPENDENT BANK GROUP INC COMMON STOCK USD 0.01 | 160,551 | |
| INGEVITY CORP COMMON STOCK USD 0.01 | 302,087 | |
| INGREDION INC COMMON STOCK USD 0.01 | 118,965 | |
| INSIGHT ENTERPRISES INC COMMON STOCK USD 0.01 | 613,209 | |
| INTEGRA LIFESCIENCES HOLDINGS CORP COMMON STOCK | 506,701 | |
| INTERDIGITAL INC COMMON STOCK USD 0.01 | 323,060 | |
| INTERNATIONAL GAME TECHNOLOGY PLC COMMON STOCK USD | 191,422 | |
| INTERNATIONAL PAPER CO COMMON STOCK USD 1 | 2,045,332 | |
| INTUITIVE SURGICAL INC COMMON STOCK USD 0.001 | 2,832,262 | |
| IRHYTHM TECHNOLOGIES INC COMMON STOCK USD 0.001 | 3,114,093 | |
| ITT INC COMMON STOCK USD 1 | 644,888 | |
| J M SMUCKER CO/THE COMMON STOCK USD 0 | 470,723 | |
| J2 GLOBAL INC COMMON STOCK USD 0.01 | 3,075,184 | |
| JACOBS ENGINEERING GROUP INC COMMON STOCK USD 1 | 287,001 | |
| JAWS ACQUISITION CORP COMMON STOCK USD 0.0001 | 1,718,009 | |
| JAZZ PHARMACEUTICALS PLC COMMON STOCK USD 0.0001 | 756,754 | |
| JOHN BEAN TECHNOLOGIES CORP COMMON STOCK USD 0.01 | 1,141,205 | |
| JOHNSON & JOHNSON COMMON STOCK USD 1 | 505,032 | |
| JONES LANG LASALLE INC COMMON STOCK USD 0.01 | 167,065 | |
| KAR AUCTION SERVICES INC COMMON STOCK USD 0.01 | 347,411 | |
| KBR INC COMMON STOCK USD 0.001 | 234,201 | |
| KENNAMETAL INC COMMON STOCK USD 1.25 | 542,150 | |
| KERING SA ADR USD | 3,663,579 | |
| KEYCORP COMMON STOCK USD 1 | 593,254 | |
| KEYSIGHT TECHNOLOGIES INC COMMON STOCK USD | 1,215,360 | |
| | | | | | | | |
| KIMBERLY-CLARK CORP COMMON STOCK USD 1.25 | 438,549 | |
| KIRBY CORP COMMON STOCK USD 0.1 | 1,401,276 | |
| KLA CORP COMMON STOCK USD 0.001 | 1,218,948 | |
| KODIAK SCIENCES INC COMMON STOCK USD 0.0001 | 1,031,161 | |
| KORN FERRY COMMON STOCK USD 0.01 | 142,225 | |
| KRAFT HEINZ CO/THE COMMON STOCK USD 0.01 | 475,812 | |
| LABORATORY CORP OF AMERICA HOLDINGS COMMON STOCK | 487,706 | |
| LAKELAND FINANCIAL CORP COMMON STOCK USD 0 | 49,883 | |
| LAM RESEARCH CORP COMMON STOCK USD 0.001 | 1,096,087 | |
| LAMAR ADVERTISING CO REIT USD 0.001 | 477,017 | |
| LANDSTAR SYSTEM INC COMMON STOCK USD 0.01 | 110,825 | |
| LCI INDUSTRIES COMMON STOCK USD 0.01 | 380,351 | |
| LEAR CORP COMMON STOCK USD 0.01 | 286,254 | |
| LENNAR CORP COMMON STOCK USD 0.1 | 1,963,685 | |
| LIBERTY BROADBAND CORP COMMON STOCK USD 0.01 | 3,639,026 | |
| LINCOLN NATIONAL CORP COMMON STOCK USD 0 | 379,287 | |
| LITHIA MOTORS INC COMMON STOCK USD 0 | 1,265,212 | |
| LIVANOVA PLC COMMON STOCK USD 1 | 187,838 | |
| LIVERAMP HOLDINGS INC COMMON STOCK USD 0.1 | 6,219,393 | |
| LOGITECH INTERNATIONAL SA COMMON STOCK CHF 0.25 | 10,475 | |
| LOWE'S COS INC COMMON STOCK USD 0.5 | 526,473 | |
| LPL FINANCIAL HOLDINGS INC COMMON STOCK USD | 1,615,931 | |
| LULULEMON ATHLETICA INC COMMON STOCK USD 0.005 | 4,561,977 | |
| LYFT INC COMMON STOCK USD 0.00001 | 5,739,367 | |
| LYONDELLBASELL INDUSTRIES NV COMMON STOCK USD 0.04 | 124,933 | |
| MAGNA INTERNATIONAL INC COMMON STOCK CAD 0 | 1,313,340 | |
| MARATHON OIL CORP COMMON STOCK USD 1 | 159,086 | |
| MARCUS CORP/THE COMMON STOCK USD 1 | 87,216 | |
| MARKEL CORP COMMON STOCK USD 0 | 359,588 | |
| MARRIOTT VACATIONS WORLDWIDE CORP COMMON STOCK USD | 303,119 | |
| MARVELL TECHNOLOGY GROUP LTD COMMON STOCK 0.002 | 382,848 | |
| MASCO CORP COMMON STOCK USD 1 | 298,325 | |
| MASIMO CORP COMMON STOCK USD 0.001 | 437,459 | |
| MASTEC INC COMMON STOCK USD 0.1 | 183,813 | |
| MASTERCARD INC COMMON STOCK USD 0.0001 | 5,144,219 | |
| MATCH GROUP INC COMMON STOCK USD 0.001 | 3,826,921 | |
| MATSON INC COMMON STOCK USD 0 | 1,748,011 | |
| MAXIMUS INC COMMON STOCK USD 0 | 79,923 | |
| MCKESSON CORP COMMON STOCK USD 0.01 | 446,920 | |
| MEDIA GEN INC CVR | — | |
| MEDNAX INC COMMON STOCK USD 0.01 | 1,046,116 | |
| MERCK & CO INC COMMON STOCK USD 0.5 | 2,407,540 | |
| MERIT MEDICAL SYSTEMS INC COMMON STOCK USD 0 | 2,211,740 | |
| MESA AIR GROUP INC COMMON STOCK USD 0 | 180,403 | |
| METHODE ELECTRONICS INC COMMON STOCK USD 0.5 | 292,689 | |
| METLIFE INC COMMON STOCK USD 0.01 | 404,991 | |
| MGM GROWTH PROPERTIES LLC REIT USD | 483,361 | |
| MICRON TECHNOLOGY INC COMMON STOCK USD 0.1 | 1,265,204 | |
| MICROSOFT CORP COMMON STOCK USD 0.00000625 | 11,777,584 | |
| MIDDLEBY CORP/THE COMMON STOCK USD 0.01 | 1,326,200 | |
| MINERALS TECHNOLOGIES INC COMMON STOCK USD 0.1 | 117,593 | |
| MODINE MANUFACTURING CO COMMON STOCK USD 0.625 | 240,888 | |
| MOLINA HEALTHCARE INC COMMON STOCK USD 0.001 | 452,158 | |
| MOLSON COORS BEVERAGE CO COMMON STOCK USD 0.01 | 475,173 | |
| MOOG INC-CLASS A | 244,878 | |
| MORGAN STANLEY COMMON STOCK USD 0.01 | 2,930,480 | |
| MOSAIC CO/THE COMMON STOCK USD 0.01 | 322,186 | |
| MR COOPER GROUP INC COMMON STOCK USD 0.01 | 346,357 | |
| MSA SAFETY INC COMMON STOCK USD 0 | 401,411 | |
| MURPHY USA INC COMMON STOCK USD 0.01 | 444,958 | |
| NATIONAL ENERGY SERVICES REUNITED CORP COMMON | 94,176 | |
| NATIONAL GENERAL HOLDINGS CORP COMMON STOCK EUR | 344,217 | |
| | | | | | | | |
| NATIONAL OILWELL VARCO INC COMMON STOCK USD 0.01 | 164,664 | |
| NAVIENT CORP COMMON STOCK USD 0.01 | 421,170 | |
| NCR CORP COMMON STOCK USD 0.01 | 435,098 | |
| NETFLIX INC COMMON STOCK USD 0.001 | 8,888,520 | |
| NEUROCRINE BIOSCIENCES INC COMMON STOCK USD 0.001 | 683,027 | |
| NEVRO CORP COMMON STOCK USD 0.001 | 4,186,597 | |
| NEW RELIC INC COMMON STOCK USD 0.001 | 924,167 | |
| NEW YORK COMMUNITY BANCORP INC COMMON STOCK USD | 415,090 | |
| NEW YORK TIMES CO/THE COMMON STOCK USD 0.1 | 4,760,252 | |
| NEXSTAR MEDIA GROUP INC COMMON STOCK USD 0.01 | 526,733 | |
| NIKE INC COMMON STOCK USD 0 | 6,038,647 | |
| NMI HOLDINGS INC COMMON STOCK USD 0.01 | 419,138 | |
| NOMAD FOODS LTD COMMON STOCK USD 0 | 244,362 | |
| NORTHWESTERN CORP COMMON STOCK USD 0.01 | 370,677 | |
| NRG ENERGY INC COMMON STOCK USD 0.01 | 294,843 | |
| NUANCE COMMUNICATIONS INC COMMON STOCK USD 0.001 | 1,333,458 | |
| NUCOR CORP COMMON STOCK USD 0.4 | 120,482 | |
| NVIDIA CORP COMMON STOCK USD 0.001 | 9,511,351 | |
| NVR INC COMMON STOCK USD 0.01 | 509,983 | |
| NXP SEMICONDUCTORS NV COMMON STOCK USD | 1,007,961 | |
| OCEANFIRST FINANCIAL CORP COMMON STOCK USD 0.01 | 175,569 | |
| OGE ENERGY CORP COMMON STOCK USD 0.01 | 253,829 | |
| OLD SECOND BANCORP INC COMMON STOCK USD 1 | 47,339 | |
| OMNICELL INC COMMON STOCK USD 0.001 | 994,846 | |
| ON SEMICONDUCTOR CORP COMMON STOCK USD 0.01 | 3,354,400 | |
| ONEMAIN HOLDINGS INC COMMON STOCK USD 0.01 | 621,697 | |
| ONTRAK INC COMMON STOCK USD 0.0001 | 543,876 | |
| ORACLE CORP COMMON STOCK USD 0.01 | 3,469,713 | |
| OWENS CORNING COMMON STOCK USD 0.001 | 329,026 | |
| OXFORD INDUSTRIES INC COMMON STOCK USD 1 | 155,848 | |
| PACIFIC BIOSCIENCES OF CALIFORNIA INC COMMON STOCK | 5,999,818 | |
| PACKAGING CORP OF AMERICA COMMON STOCK USD 0.01 | 876,529 | |
| PAPA JOHN'S INTERNATIONAL INC COMMON STOCK USD | 3,895,209 | |
| PARKER-HANNIFIN CORP COMMON STOCK USD 0.5 | 286,303 | |
| PARSLEY ENERGY INC COMMON STOCK MXN 0.01 | 155,788 | |
| PAYPAL HOLDINGS INC COMMON STOCK USD 0.0001 | 6,079,598 | |
| PDC ENERGY INC COMMON STOCK USD 0.01 | 62,514 | |
| PENNYMAC FINANCIAL SERVICES INC COMMON STOCK USD | 138,261 | |
| PERFORMANCE FOOD GROUP CO COMMON STOCK USD 0.01 | 322,129 | |
| PERRIGO CO PLC COMMON STOCK USD 0.001 | 1,050,920 | |
| PFIZER INC COMMON STOCK USD 0.05 | 2,019,176 | |
| PHILIP MORRIS INTERNATIONAL INC COMMON STOCK USD 0 | 472,696 | |
| PHOTRONICS INC COMMON STOCK USD 0.01 | 268,052 | |
| PINNACLE FINANCIAL PARTNERS INC COMMON STOCK USD 1 | 1,208,981 | |
| PLURALSIGHT INC COMMON STOCK EUR 0.0001 | 1,699,080 | |
| POLARIS INC COMMON STOCK USD 0.01 | 631,421 | |
| PORTLAND GENERAL ELECTRIC CO COMMON STOCK USD 0 | 754,078 | |
| PPD INC COMMON STOCK USD 0.01 | 236,255 | |
| PQ GROUP HOLDINGS INC COMMON STOCK USD | 219,590 | |
| PRA GROUP INC COMMON STOCK USD 0.01 | 208,175 | |
| PRECISION BIOSCIENCES INC COMMON STOCK USD | 96,802 | |
| PRESTIGE CONSUMER HEALTHCARE INC COMMON STOCK USD | 154,927 | |
| PRINCIPAL FINANCIAL GROUP INC COMMON STOCK USD | 400,700 | |
| PROASSURANCE CORP COMMON STOCK USD 0.01 | 187,956 | |
| PROG HOLDINGS INC | 1,123,728 | |
| PROOFPOINT INC COMMON STOCK USD 0.0001 | 1,711,946 | |
| PROSPERITY BANCSHARES INC COMMON STOCK USD 1 | 348,933 | |
| PROVIDENCE SVC CORP COMMON STOCK USD | 510,990 | |
| PRUDENTIAL FINANCIAL INC COMMON STOCK USD 0.01 | 401,514 | |
| PUBLIC SERVICE ENTERPRISE GROUP INC COMMON STOCK | 262,933 | |
| PULTEGROUP INC COMMON STOCK USD 0.01 | 499,566 | |
| QCR HOLDINGS INC COMMON STOCK USD 1 | 98,025 | |
| | | | | | | | |
| QORVO INC COMMON STOCK USD 0.0001 | 617,194 | |
| QTS REALTY TRUST INC REIT USD | 772,131 | |
| QUANEX BUILDING PRODUCTS CORP COMMON STOCK USD | 181,062 | |
| QUIDEL CORP COMMON STOCK USD 0.001 | 1,465,764 | |
| QURATE RETAIL INC COMMON STOCK USD 0.01 | 678,593 | |
| R1 RCM INC COMMON STOCK USD 0.01 | 279,905 | |
| RACKSPACE TECHNOLOGY INC COMMON STOCK USD 0.01 | 234,095 | |
| REDFIN CORP COMMON STOCK USD | 2,953,080 | |
| REGIONS FINANCIAL CORP COMMON STOCK USD 0.01 | 628,556 | |
| REINSURANCE GROUP OF AMERICA INC COMMON STOCK USD | 241,767 | |
| RELIANCE STEEL & ALUMINUM CO COMMON STOCK USD | 122,385 | |
| RENAISSANCERE HOLDINGS LTD COMMON STOCK USD 1 | 191,356 | |
| REPUBLIC SERVICES INC COMMON STOCK USD 0.01 | 815,875 | |
| REVANCE THERAPEUTICS INC COMMON STOCK USD 0.001 | 792,131 | |
| REXNORD CORP COMMON STOCK USD 0.01 | 578,607 | |
| RH COMMON STOCK USD 0.0001 | 500,775 | |
| RINGCENTRAL INC COMMON STOCK USD 0.0001 | 2,604,282 | |
| RITCHIE BROS AUCTIONEERS INC COMMON STOCK CAD 0 | 2,942,313 | |
| ROYAL DUTCH SHELL PLC ADR USD | 154,159 | |
| S&P GLOBAL INC COMMON STOCK USD 1 | 2,490,458 | |
| S&T BANCORP INC COMMON STOCK USD 2.5 | 50,624 | |
| SABRA HEALTH CARE REIT INC REIT USD 0.01 | 281,151 | |
| SAILPOINT TECHNOLOGIES HOLDINGS INC COMMON STOCK | 3,629,637 | |
| SALESFORCE.COM INC COMMON STOCK USD 0.001 | 9,750,597 | |
| SALLY BEAUTY HOLDINGS INC COMMON STOCK USD 0.01 | 2,470,611 | |
| SANDY SPRING BANCORP INC COMMON STOCK USD 1 | 87,879 | |
| SCHWEITZER-MAUDUIT INTERNATIONAL INC COMMON STOCK | 407,327 | |
| SCIENCE APPLICATIONS INTERNATIONAL CORP COMMON | 1,046,718 | |
| SCOTTS MIRACLE-GRO CO/THE COMMON STOCK USD 0.01 | 517,764 | |
| SEAGATE TECHNOLOGY PLC COMMON STOCK 0.00001 | 1,106,499 | |
| SEALED AIR CORP COMMON STOCK USD 0.1 | 278,678 | |
| SENSATA TECHNOLOGIES HOLDING PLC COMMON STOCK USD | 4,096,738 | |
| SERVICENOW INC COMMON STOCK USD 0.001 | 1,382,680 | |
| SERVISFIRST BANCSHARES INC COMMON STOCK USD 0.001 | 192,612 | |
| SHOPIFY INC COMMON STOCK CAD | 4,688,537 | |
| SHUTTERSTOCK INC COMMON STOCK USD 0.01 | 1,330,537 | |
| SIGNATURE BANK/NEW YORK NY COMMON STOCK USD 0.01 | 582,694 | |
| SKECHERS USA INC COMMON STOCK USD 0.001 | 2,966,416 | |
| SL GREEN REALTY CORP REIT USD 0.01 | 87,336 | |
| SLM CORP COMMON STOCK USD 0.2 | 1,120,118 | |
| SNOWFLAKE INC COMMON STOCK USD 1 | 1,347,343 | |
| SOLARWINDS CORP COMMON STOCK USD 0.001 | 1,373,591 | |
| SONOCO PRODUCTS CO COMMON STOCK USD 0 | 127,151 | |
| SOTERA HEALTH CO COMMON STOCK USD 0.01 | 968,111 | |
| SOUTH STATE CORP COMMON STOCK USD 2.5 | 167,375 | |
| SOUTHERN FIRST BANCSHARES INC COMMON STOCK USD | 132,527 | |
| SOUTHERN NATIONAL BANCORP OF VIRGINIA INC COMMON | 37,735 | |
| SP PLUS CORP COMMON STOCK USD 0.001 | 147,638 | |
| SPECTRUM BRANDS HOLDINGS INC | 249,893 | |
| SPIRIT REALTY CAPITAL INC REIT USD 0.05 | 160,161 | |
| SPLUNK INC COMMON STOCK USD 0.001 | 2,695,815 | |
| SPOTIFY TECHNOLOGY SA COMMON STOCK USD 0.000625 | 2,612,622 | |
| SPRINGWORKS THERAPEUTICS INC COMMON STOCK USD | 449,044 | |
| SPX CORP COMMON STOCK USD 0.01 | 526,747 | |
| SQUARE INC COMMON STOCK USD 0.000001 | 3,380,167 | |
| SS&C TECHNOLOGIES HOLDINGS INC COMMON STOCK USD | 784,318 | |
| STAG INDUSTRIAL INC REIT USD 0.01 | 1,150,291 | |
| STANDARD MOTOR PRODUCTS INC COMMON STOCK USD 2 | 90,307 | |
| STARWOOD PROPERTY TRUST INC REIT USD 0.01 | 265,606 | |
| STATE STREET CORP COMMON STOCK USD 1 | 386,291 | |
| STEEL DYNAMICS INC COMMON STOCK USD 0.005 | 303,270 | |
| STERIS PLC COMMON STOCK USD 75 | 2,516,523 | |
| | | | | | | | |
| STEVEN MADDEN LTD COMMON STOCK USD 0.0001 | 384,847 | |
| STITCH FIX INC COMMON STOCK USD 0.00002 | 3,769,354 | |
| STOCK YARDS BANCORP INC COMMON STOCK USD 0 | 36,675 | |
| STRIDE INC COMMON STOCK USD 0.0001 | 130,586 | |
| SUMO LOGIC INC COMMON STOCK USD 0.0001 | 362,909 | |
| SVB FINANCIAL GROUP COMMON STOCK USD 0.001 | 1,382,614 | |
| SYKES ENTERPRISES INC COMMON STOCK USD 0.01 | 149,249 | |
| SYNCHRONY FINANCIAL COMMON STOCK USD 0.001 | 419,366 | |
| SYNEOS HEALTH INC COMMON STOCK USD 0.01 | 2,213,476 | |
| SYNNEX CORP COMMON STOCK USD 0.001 | 412,412 | |
| SYNOVUS FINANCIAL CORP COMMON STOCK USD 1 | 263,871 | |
| TANDEM DIABETES CARE INC COMMON STOCK USD | 5,340,571 | |
| TARGET CORP COMMON STOCK USD 0.0833 | 475,572 | |
| TCF FINANCIAL CORP COMMON STOCK USD 1 | 410,663 | |
| TE CONNECTIVITY LTD COMMON STOCK USD 0.57 | 1,243,510 | |
| TELADOC HEALTH INC COMMON STOCK USD 0.001 | 3,066,587 | |
| TEMPUR SEALY INTERNATIONAL INC COMMON STOCK USD | 694,656 | |
| TENCENT HOLDINGS LTD ADR USD 0.00002 | 2,276,397 | |
| TENNANT CO COMMON STOCK USD 0.375 | 1,507,813 | |
| TEREX CORP COMMON STOCK USD 0.01 | 214,818 | |
| TESLA INC COMMON STOCK USD 0.001 | 16,755,428 | |
| TEXAS CAPITAL BANCSHARES INC COMMON STOCK USD 0.01 | 363,843 | |
| TEXAS INSTRUMENTS INC COMMON STOCK USD 1 | 1,166,964 | |
| TEXTRON INC COMMON STOCK USD 0.125 | 209,018 | |
| TJX COS INC/THE COMMON STOCK USD 1 | 2,487,258 | |
| T-MOBILE US INC COMMON STOCK USD 0.0001 | 267,138 | |
| TOLL BROTHERS INC COMMON STOCK USD 0.01 | 586,628 | |
| TOTAL SE ADR USD | 145,266 | |
| TRACTOR SUPPLY CO COMMON STOCK USD 0.008 | 519,865 | |
| TRADE DESK INC/THE COMMON STOCK USD 0.000001 | 3,509,181 | |
| TRANSDIGM GROUP INC COMMON STOCK USD 0.01 | 572,436 | |
| TRAVEL + LEISURE CO COMMON STOCK USD | 836,190 | |
| TREEHOUSE FOODS INC COMMON STOCK USD 0.01 | 519,100 | |
| TRIMBLE INC COMMON STOCK USD 0 | 1,667,447 | |
| TRINET GROUP INC COMMON STOCK USD 0.000025 | 2,575,895 | |
| TRISTATE CAPITAL HOLDINGS INC COMMON STOCK USD 0 | 201,736 | |
| TTEC HOLDINGS INC COMMON STOCK USD 0.01 | 343,136 | |
| TTM TECHNOLOGIES INC COMMON STOCK USD 0.001 | 231,397 | |
| TWILIO INC COMMON STOCK USD 0.001 | 4,612,740 | |
| UBER TECHNOLOGIES INC COMMON STOCK USD 0.00001 | 5,101,071 | |
| UGI CORP COMMON STOCK USD 0 | 651,670 | |
| ULTRA CLEAN HOLDINGS INC COMMON STOCK USD 0.001 | 251,692 | |
| UMPQUA HOLDINGS CORP COMMON STOCK USD 0 | 181,377 | |
| UNILEVER PLC ADR USD | 466,522 | |
| UNION PACIFIC CORP COMMON STOCK USD 2.5 | 2,104,271 | |
| UNISYS CORP COMMON STOCK USD 0.01 | 238,541 | |
| UNITED RENTALS INC COMMON STOCK USD 0.01 | 276,669 | |
| UNITED THERAPEUTICS CORP COMMON STOCK USD 0.01 | 510,014 | |
| UNITEDHEALTH GROUP INC COMMON STOCK USD 0.01 | 1,111,656 | |
| UNIVERSAL CORP/VA COMMON STOCK USD 0 | 276,980 | |
| UNIVERSAL HEALTH SERVICES INC COMMON STOCK USD | 1,260,600 | |
| UNUM GROUP COMMON STOCK USD 0.1 | 385,690 | |
| UPLAND SOFTWARE INC COMMON STOCK USD 0.0001 | 385,981 | |
| US FOODS HOLDING CORP COMMON STOCK USD 0.01 | 956,064 | |
| VALVOLINE INC COMMON STOCK USD 0.01 | 676,081 | |
| VARONIS SYSTEMS INC COMMON STOCK USD 0.001 | 4,543,941 | |
| VERITEX HOLDINGS INC COMMON STOCK USD 0.01 | 136,229 | |
| VERIZON COMMUNICATIONS INC COMMON STOCK USD 0.1 | 247,338 | |
| VERTEX PHARMACEUTICALS INC COMMON STOCK USD 0.01 | 2,371,908 | |
| VIATRIS INC COMMON STOCK USD | 18 | |
| VIKING THERAPEUTICS INC COMMON STOCK USD 0.00001 | 460,703 | |
| VISA INC COMMON STOCK USD 0.0001 | 6,958,020 | |
| | | | | | | | |
| VISTRA CORP COMMON STOCK USD 0.01 | 291,322 | |
| VOYA FINANCIAL INC COMMON STOCK USD 0.01 | 397,320 | |
| VROOM INC COMMON STOCK USD | 1,237,499 | |
| W R GRACE & CO COMMON STOCK USD 0.01 | 143,080 | |
| WALKER & DUNLOP INC COMMON STOCK USD | 590,492 | |
| WALMART INC COMMON STOCK USD 0.1 | 1,251,569 | |
| WELBILT INC COMMON STOCK USD 0.01 | 212,203 | |
| WESCO INTERNATIONAL INC COMMON STOCK USD 0.01 | 837,046 | |
| WESTERN DIGITAL CORP COMMON STOCK USD 0.01 | 158,083 | |
| WESTERN UNION CO/THE COMMON STOCK USD 0.01 | 459,424 | |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP COMMON | 1,365,180 | |
| WESTLAKE CHEMICAL CORP COMMON STOCK USD 0.01 | 124,603 | |
| WESTROCK CO COMMON STOCK USD 0.01 | 297,092 | |
| WHIRLPOOL CORP COMMON STOCK USD 1 | 1,627,478 | |
| WHITE MOUNTAINS INSURANCE GROUP LTD COMMON STOCK | 307,203 | |
| WILLIAMS-SONOMA INC COMMON STOCK USD 0.01 | 475,898 | |
| WISDOMTREE INVESTMENTS INC COMMON STOCK USD 0.01 | 1,087,264 | |
| WIX.COM LTD COMMON STOCK USD 0.01 | 4,156,085 | |
| WOODWARD INC COMMON STOCK USD 0.00292 | 818,869 | |
| WORKDAY INC COMMON STOCK USD 0.001 | 3,827,291 | |
| WORLD FUEL SERVICES CORP COMMON STOCK USD 0.01 | 476,567 | |
| WSFS FINANCIAL CORP COMMON STOCK USD 0.01 | 226,644 | |
| WYNDHAM HOTELS & RESORTS INC COMMON STOCK USD 0.01 | 2,838,141 | |
| YELP INC COMMON STOCK USD 0.000001 | 263,582 | |
| ZIMMER BIOMET HOLDINGS INC COMMON STOCK USD 0.01 | 1,201,150 | |
| TOTAL CORPORATE STOCKS | $ | 682,098,487 | |
| | |
| REGISTERED INVESTMENT COMPANIES | |
| DODGE & COX INTERNATIONAL STOCK FUND OPEN-END FUND | $ | 61,584,299 | |
| (a) | JPMORGAN US GOVT MMKT FUND CAPITAL SHARES - FUND | 13,081,200 | |
| TOTAL REGISTERED INVESTMENT COMPANIES | $ | 74,665,499 | |
| | |
| SELF DIRECTED BROKERAGE | |
| (a) | VARIOUS STOCKS, MUTUAL FUNDS, AND MONEYMARKET FUND | $ | 95,088,425 | |
| TOTAL SELF DIRECTED BROKERAGE | $ | 95,088,425 | |
| | |
| (a) | PARTICIPANT LOANS (INTEREST RATE ranging from 4.25% through 10.5% maturing through May 2048) | $ | 63,362,301 | |
| | |
| NET ASSETS PENDING SETTLEMENT | $ | 3,208,661 | |
| | |
| TOTAL NET ASSETS | $ | 4,682,160,248 | |
| | |
| | |
| | |
| (a) | Party-in-interest to the Plan. | |
| | |
| Note: Historical Cost is not required as all investments are participant-directed. | |
AEP RETIREMENT SAVINGS 401(K) PLAN
EXHIBIT INDEX
| | | | | | | | |
| Exhibit Number | | Description |
| | |
| 23.1 | | |
| 23.2 | | |
