UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
☑ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2022
or
☐ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 1-7657
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
AMERICAN EXPRESS COMPANY
200 Vesey Street
New York, New York 10285
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedules
Table of Contents
Page | |||||
FINANCIAL STATEMENTS | |||||
SUPPLEMENTAL SCHEDULES* | |||||
E-1 |
* Other schedules required under Section 2520.103 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable or not required.
Report of Independent Registered Public Accounting Firm
To the Plan Administrator and Plan Participants of
American Express Retirement Savings Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of the American Express Retirement Savings Plan (the “Plan”) as of December 31, 2022 and 2021, and the related statement of changes in net assets available for benefits for the year ended December 31, 2022, and the related notes to the financial statements and supplemental schedules (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, 2022 and 2021, and the changes in net assets available for benefits for the year ended December 31, 2022, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by 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 schedules of assets (held at end of year) as of December 31, 2022, and of assets (acquired and disposed of within year) for the year ended December 31, 2022, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ McConnell & Jones LLP
McConnell & Jones LLP
We have served as the Plan’s auditor since 2021.
Houston, Texas
June 14, 2023
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Benefits
as of December 31, 2022 and 2021
(Thousands) | 2022 | 2021 | ||||||||||||
Assets | ||||||||||||||
Investments, at fair value: | ||||||||||||||
Money market funds | $ | 49,194 | $ | 50,866 | ||||||||||
Corporate debt instruments | 91,974 | 131,852 | ||||||||||||
Common stocks | 1,955,034 | 2,492,831 | ||||||||||||
U.S. Government and agency obligations | 219,770 | 239,859 | ||||||||||||
Common/collective trusts | 2,591,378 | 3,190,809 | ||||||||||||
Mutual funds | 396,007 | 469,118 | ||||||||||||
Self-directed brokerage accounts | 140,152 | 162,436 | ||||||||||||
Other investments | 147,681 | 172,012 | ||||||||||||
Total investments, at fair value | 5,591,190 | 6,909,783 | ||||||||||||
Fully benefit responsive investment contracts, at contract value | 830,257 | 758,772 | ||||||||||||
Due from brokers | 2,850 | 5,235 | ||||||||||||
Cash (non-interest bearing) | 6,835 | 2,927 | ||||||||||||
Receivables: | ||||||||||||||
Notes receivable from participants | 58,784 | 62,048 | ||||||||||||
Investment income accrued | 6,277 | 3,827 | ||||||||||||
Employer contributions | 93,525 | 79,218 | ||||||||||||
Total Assets | 6,589,718 | 7,821,810 | ||||||||||||
Liabilities | ||||||||||||||
Accrued expenses | 2,646 | 3,149 | ||||||||||||
Due to brokers | 158,717 | 97,978 | ||||||||||||
Total Liabilities | 161,363 | 101,127 | ||||||||||||
Net assets available for benefits | $ | 6,428,355 | $ | 7,720,683 |
See accompanying notes to the financial statements.
1
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 2022
(Thousands) | 2022 | |||||||
Additions: | ||||||||
Contributions: | ||||||||
Employer | $ | 218,811 | ||||||
Employee | 249,054 | |||||||
Rollovers | 44,359 | |||||||
Total contributions | 512,224 | |||||||
Interest on notes receivable from participants | 3,060 | |||||||
Total additions | 515,284 | |||||||
Investment income (loss): | ||||||||
Net depreciation of investments | (1,355,666) | |||||||
Interest and dividends | 66,294 | |||||||
Other income | 1,431 | |||||||
Total investment loss, net | (1,287,941) | |||||||
Deductions: | ||||||||
Withdrawal payments | (506,334) | |||||||
Administrative expenses | (13,337) | |||||||
Total deductions | (519,671) | |||||||
Net decrease in net assets available for benefits | (1,292,328) | |||||||
Net assets available for benefits at beginning of year | $ | 7,720,683 | ||||||
Net assets available for benefits at end of year | $ | 6,428,355 |
See accompanying notes to the financial statements.
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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
1. Description of the Plan
General
The American Express Retirement Savings Plan (the “Plan”), which became effective June 11, 1973, is a defined contribution plan. Under the terms of the Plan, regular full-time and certain part-time employees of American Express Company and its participating subsidiaries (the “Company”) can make elective contributions to the Plan beginning as soon as practicable after their date of hire, and eligible employees hired for the first time on or after January 1, 2017 as well as those rehired on or after January 1, 2022 are covered by the Plan’s automatic enrollment provisions. Eligible employees can qualify to receive Company contributions, if any, upon completion of six months of service.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The following is not a comprehensive description of the Plan, and therefore does not include all situations and limitations covered by the Plan. The Plan Document (“Plan Document”) is the exclusive governing document and should be referred to for more complete information.
Administration
Principal Life Insurance Company became the recordkeeper and Delaware Charter Guarantee & Trust Company, d/b/a Principal Trust Company, became the Trustee effective May 25, 2021. Effective February 22, 2022, custody services are provided by Principal Bank. Prior to these dates, Wells Fargo Bank, N.A. was the recordkeeper, Trustee and custodian for the Plan. The Plan is administered by the Company’s Employee Benefits Administration Committee (“EBAC”) and the Company’s Retirement Savings Plan Investment Committee (“RSPIC”). The Plan Document requires that the American Express Company Stock Fund be offered as an investment option, subject to compliance with ERISA. RSPIC has the power to select the other investment options available under the Plan and the manner in which these investment options are invested. Subject to Plan limits, RSPIC also has the power to appoint investment managers to make investment decisions. Under the terms of the Plan Document, the members of EBAC and RSPIC are appointed by the Company’s Vice President, Global Well-Being and Benefits.
Compensation
The participant compensation (commonly referred to as “Total Pay”) that is used in the calculation of Plan contributions generally includes an employee’s base pay plus overtime, shift differentials, most commissions and most cash incentives. For participants above certain salary grades, as defined by the Plan, Total Pay does not include any incentive pay which, in the aggregate, is in excess of one times their base salary when calculating Company contributions.
For purposes of the Plan, compensation is limited to a participant’s regular cash remuneration up to a maximum of $305,000 in 2022 and $290,000 in 2021, before tax deductions and certain other withholdings.
Contributions
The Plan currently provides for the following contributions:
Elective Contributions
Each pay period, participants may make Before-Tax Contributions, Roth Contributions, and/or After-Tax Contributions up to 10% of eligible compensation, or a combination thereof, not to exceed 80% of their Total Pay, to the Plan through payroll deductions. Roth Contributions are a special type of after-tax contribution and are subject to most of the same rules as Before-Tax Contributions. The Internal Revenue Code of 1986, as amended (the “Code”) imposes a limitation that is adjusted annually for cost of living increases on participants’ pre-tax and Roth contributions to plans which are qualified under Code Section 401(k) and other specified tax-favored plans. For 2022 and 2021, this limit was $20,500 and $19,500, respectively, for participants under age 50 and $27,000 and $26,000, respectively, for participants age 50 or older. The Plan complied with non-discrimination requirements under the Code during 2022 and 2021 by utilizing the safe harbor design for deferrals and matching contributions in accordance with Sections 401(k)(12) and 401(m)(11) of the Code.
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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Eligible employees hired for the first time on or after January 1, 2017 as well as eligible employees rehired on or after January 1, 2022 are automatically enrolled to make Before-Tax Contributions equal to 6% of Total Pay, with a 1% automatic increase each year until the rate reaches 10%, unless the employee makes an alternative election to contribute at a different rate or opt out of automatic enrollment. For 2021, the initial automatic enrollment percentage was 3% and participants who were covered by the Plan's automatic enrollment feature as of January 1, 2022 had their automatic elections increased to 6% as of January 1, 2022 if the automatic election would otherwise have been less than 6%, unless they made an alternative election.
Company Matching Contributions
The Company matches 100% of a participant’s Before-Tax Contributions and/or Roth Contributions up to 6% of Total Pay after a participant’s completion of six months of service.
Fixed Rate Contributions
As of January 1, 2021, the Company may make a Fixed Rate Contribution annually, typically comprised of 2% or 3% of eligible participants’ Total Pay (with the applicable percentage determined by a participant’s pay band level) for participants who have completed six months of service. Such percentages were applied to calculate the Fixed Rate Contribution for 2022 and 2021. Participants must be employed on the last working day of the Plan year (or be disabled under the terms of the Plan) to be eligible for any Fixed Rate Contributions made for that Plan year. Fixed Rate Contributions to eligible participants are made regardless of whether the participant contributes to the Plan.
Discretionary Profit Sharing Contributions
Additional Discretionary Profit Sharing Contributions by the Company are permitted under the Plan; no Discretionary Profit Sharing Contributions were made in 2022 or 2021.
Qualified Non-Elective Contributions
The Company may make Qualified Non-Elective Contributions (“QNEC”). A QNEC is a discretionary, fully vested contribution allocated in accordance with the Company's direction at the time the QNEC is approved. Any QNECs are fully vested when made and distributable only under circumstances that permit distributions of Before-Tax Contributions or Roth Contributions.
Disability Contributions
Certain qualifying participants who become disabled, as defined by the Plan Document, are eligible to receive contributions similar to Fixed Rate Contributions, Discretionary Profit Sharing Contributions and Matching Contributions.
Allocation of Account Balances
A participant’s account balance may be reallocated among the Plan’s investment options upon receipt of instructions from the participant. Account balances may be reallocated among the Plan’s investment options on a daily basis.
Participant Rollovers
A rollover contribution is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers are accepted into the Plan, but are not subject to Company contributions.
In-Plan Roth Conversions
The Plan allows for in-Plan Roth conversions.
Vesting
Participants are immediately vested in their elective Before-Tax, Roth and After-Tax Contributions and rollovers, if any, as well as the investment earnings on the foregoing. Other contributions become vested as set forth below:
Company Matching Contributions
Company Matching Contributions and investment earnings thereon are immediately 100% vested.
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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Fixed Rate Contributions
Fixed Rate Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.
Discretionary Profit Sharing Contributions
Discretionary Profit Sharing Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.
Qualified Non-Elective Contributions
QNECs are immediately 100% vested and investment earnings thereon are immediately 100% vested.
Disability Contributions
Disability Contributions are immediately 100% vested.
Forfeitures
Forfeitures of terminated participants’ non-vested accounts, as well as amounts attributable to outstanding checks as to which the payee cannot be located, are used to pay Plan expenses, reduce future Company contributions, restore forfeitures for participants who are rehired, and reissue checks for any missing payees who are subsequently located. Forfeited non-vested balances were $2.3 million and $3.0 million as of December 31, 2022 and 2021, respectively. Accrued 2022 and 2021 Fixed Rate Contributions made to the Plan in March 2023 and March 2022, were reduced by $1.7 million and $2.2 million, respectively, from forfeited account balances; of the remaining forfeitures, $0.6 million will be used in 2023 and $0.8 million was used in 2022 to pay Plan expenses.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts and Plan assets will be distributed in accordance with the Plan Document.
Notes Receivable from Participants
Notes receivable from participants (loans) are carried at their unpaid principal balance plus any accrued but unpaid interest. Participants are allowed to apply for a loan from the Plan for a minimum amount of $500 up to the lesser of $50,000 or 50% of their vested balance, subject to certain restrictions set forth in the Plan and the Code. General purpose loans are limited to terms of 59 months. Loans to purchase a principal residence have a maximum term of 359 months. Loan repayment amounts, including principal and interest, are deducted each pay period and allocated to participants’ investment accounts in accordance with the election in effect for new contributions at the time of repayment. Terminated participants who have an outstanding loan may make arrangements with the Recordkeeper to pay the loan in full, or make installment payments. If arrangements are not made for the payment of the outstanding loan balance, the loan amount will be considered in default and the outstanding loan balance will be offset from the account balance, subject to income tax regulations.
Loans are collateralized by the participant’s remaining vested account balance and the interest rate is fixed for the life of the loan. The interest rate determination is based on the prime rate plus one percentage point. In the event of a loan default, the loan is treated as a distribution (i.e., as an early withdrawal of funds from the Plan for tax purposes), which subjects the participant to income tax plus any penalties imposed by the Code based on the loan balance. If the participant is still employed, the loan balance is taxed as a “deemed distribution” but remains outstanding as an obligation of the participant until it is either repaid or the participant terminates employment. In the event of a termination, either voluntary or involuntary, the loan balance is treated as an actual distribution and deducted from the participant’s Plan account balance. Loans outstanding to participants at December 31, 2022, carried interest rates varying from 3.25% to 9.50% and will mature at various dates through September 30, 2047.
5
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Tax Deferrals
As long as the Plan remains qualified and the related Trust (the “Trust”) remains tax exempt, amounts invested in the Plan through Before-Tax Contributions and Company contributions and rollovers, as well as the investment earnings on such amounts, are not subject to federal income tax until distributed to the participant. After-Tax Contributions are taxed when contributed, with earnings taxed upon distribution. Roth Contributions are taxed when contributed, and earnings on Roth Contributions and rolled-in Roth amounts qualify for tax-free distribution if a participant (i) reaches age 59-1/2, dies or becomes disabled (as defined by federal law) and (ii) has a Roth Contribution account with the Plan (or another plan from which a direct rollover of Roth contributions is received) for at least five taxable years. If those conditions are not met, earnings on Roth Contributions are taxed when distributed. Amounts that are converted to Roth status through an in-plan Roth conversion are taxed when converted (with the exception of After-Tax Contributions; however, earnings on After-Tax Contributions are subject to tax when converted), and thereafter are subject to the Roth taxation rules.
Distributions and Withdrawals
Upon termination of employment due to disability, death or retirement at or after attainment of the Plan’s normal retirement age (65), participants or their beneficiaries are fully vested and eligible to receive a distribution of the full value of their accounts. If employment ends for other reasons, participants are eligible to receive a distribution of their vested account balance. When employment ends, participants (or their beneficiaries) may elect to receive their vested balance as a cash amount, American Express Company common shares, if applicable, shares of any investment available through self-directed brokerage accounts (“SDA”), if applicable, or a combination of cash and shares. If the account balance is greater than $1,000, a participant may elect to defer distribution until the participant's "required beginning date" as defined by Section 401(a)(9) of the Code, at which point distributions must be made at least annually in at least the minimum amount required by federal law. However, 2020 required minimum distributions that would otherwise have been due on April 1, 2021 were waived in accordance with the Coronavirus Aid, Relief and Economic Security Act (the CARES Act). If the account balance is $1,000 or less, a distribution will be made in a lump sum following the end of employment. Participants may request a withdrawal of all or a portion of their vested account balances subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code. Distributions and withdrawals are recorded when paid. Distributions (other than required minimum distributions and hardship withdrawals) may be rolled over to a qualified Individual Retirement Account (“IRA”) or other qualified employer retirement plan, if that plan allows rollovers.
Expenses
The Company, in its discretion, may pay certain administrative expenses, with any expenses not paid by the Company being charged to the Plan. Expenses related to separately managed investment funds are generally paid out of the applicable investment funds. Fees, commissions, and other charges and administrative expenses that are attributable to the investment funds as a whole are generally paid from the Plan. All such expenses that are paid by the Plan are included within the administrative expenses on the Statement of Changes in Net Assets Available for Benefits. Fees and expenses incurred indirectly by the Plan from the underlying mutual funds and collective trusts in which the Plan may invest are not included in the Statement of Changes in Net Assets Available for Benefits as expenses, but reduce the asset value of that mutual fund or collective trust. Additional expenses are associated with the SDA, and participants electing to invest through the SDA are charged directly for these fees through their SDA.
The Plan's recordkeeper charges the Plan for recordkeeping of participant accounts, as well as trust and custody of plan assets. The Plan’s fee structure provides for a flat per-participant fee. The Plan’s investment adviser, NEPC, LLC, receives its compensation primarily in the form of a flat fee for its investment advisory services, which is paid by the Plan, plus an additional flat fee related to the oversight of the asset allocation of the Retirement Funds, as discussed in Note 4 (Investments), which is charged to the Plan’s Retirement Funds on a pro rata basis. Additionally, as described in Note 8 (Related Parties and Parties-In-Interest Transactions), the Plan reimburses the Company for direct expenses (salary and benefit costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.
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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
2. Summary of Significant Accounting Policies
Basis of Accounting
The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
Amounts Based on Estimates and Assumptions
Accounting estimates are an integral part of the financial statements. These estimates are based, in part, on management’s assumptions concerning future events. Among the more significant assumptions are those that relate to fair value measurements. These accounting estimates reflect the best judgment of management, but actual results could differ.
Cash and Cash Equivalents
Cash includes cash on hand, while cash equivalents include other highly liquid investments with an original maturity of 90 days or less, such as money market funds. All cash equivalents are presented within the "Money market funds" and "Self-directed brokerage accounts" line items in the financial statements and are reported on “Schedule H, Line 4i”.
Investment Valuation and Income Recognition
Investments are generally reported at fair value, with the exception of fully benefit responsive investment contracts, which are reported at contract value. Investments traded on securities exchanges, including common and preferred stocks, are valued at the year-end closing market prices or, in the absence of a closing price, the last reported trade price at the financial statement date. The fair value of the Plan’s corporate debt instruments, U.S. Government and agency securities, municipal bonds and foreign bonds, is valued using a variety of observable market inputs, depending on the type of security being priced, and are obtained from pricing services engaged by Principal Bank for the period from February 22, 2022 through December 31, 2022 and by Wells Fargo Bank, N.A. for the year ended December 31, 2021 and for the period from January 1, 2022 through February 21, 2022. The fair value of the Plan's Stable Value Fund assets, described in Note 4 (Investments), is valued using pricing services engaged by Ameriprise Trust Company. See Note 3 (Fair Value Measurements) for a detailed discussion of the valuation techniques.
Purchases and sales of securities are reflected on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis. As required by the Plan, all dividend and interest income is reinvested into the same investment option in which the dividends and interest income arose, provided that restrictions may apply to investments held under the SDA, and with the exception of the American Express Company Stock Fund, which is an investment option and an Employee Stock Ownership Plan (“ESOP”). The ESOP holds shares of American Express Company stock on behalf of participants. Dividends are automatically reinvested in the American Express Company Stock Fund, unless participants elect that the dividends paid with respect to their interest in the fund be distributed in cash.
The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation or depreciation in the fair value of its investments, which consists of the realized gains or losses and the unrealized appreciation or depreciation on those investments.
Subsequent Events
The Plan has evaluated subsequent events or transactions for potential recognition or disclosure through June 14, 2023, the date the financial statements were issued. The Plan determined that there are no subsequent events or transactions that require additional disclosure.
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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
3. Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date, based on the Plan’s principal or, in the absence of a principal, most advantageous market for the specific asset or liability.
GAAP provides for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:
•Level 1 – Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan can access.
•Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:
–Quoted prices for similar assets or liabilities in active markets;
–Quoted prices for identical or similar assets or liabilities in markets that are not active;
–Inputs other than quoted prices that are observable for the asset or liability; and
–Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
•Level 3 – Inputs that are unobservable and reflect the Plan’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows).
Plan Management monitors the market conditions and evaluates the fair value hierarchy levels at least annually.
Plan Management’s practice is to review the inputs, assumptions, and valuation techniques of pricing services used by the Plan’s asset custodians at least annually and to corroborate the prices provided by the Plan's asset custodians to test their reasonableness by comparing their prices to valuations from a different pricing source. In instances where price discrepancies are identified between different pricing sources, Plan Management would evaluate such discrepancies to ensure that the prices used for its calculation represent the fair value of the underlying investment securities. There were no price discrepancies identified for the years ended December 31, 2022 and 2021.
Financial Assets Carried at Fair Value
Financial assets disclosed in the tables below represent two types of assets. Assets held in funds (either mutual funds or common/collective trusts) are disclosed in the table according to the appropriate fund category (the underlying securities of those funds are not disclosed separately). Assets held in separate accounts (which are wholly owned by the Plan) are disclosed according to the appropriate category of the individual securities of those separately managed accounts; these individual securities include common stocks and fixed income securities. As such, the classification of financial assets in the table does not correspond to the classification of the investment options available to Plan participants, as discussed in Note 4 (Investments).
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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2022:
Description (Thousands) | Total | Level 1 | Level 2 | |||||||||||||||||
Money market funds | $ | 49,194 | $ | 49,194 | $ | — | ||||||||||||||
Corporate debt instruments | 91,974 | — | 91,974 | |||||||||||||||||
Common stocks | 1,955,034 | 1,955,034 | — | |||||||||||||||||
Common/Collective trusts | 1,119,149 | — | 1,119,149 | |||||||||||||||||
U.S. Government and agency obligations | 219,770 | — | 219,770 | |||||||||||||||||
Mutual funds | 396,007 | 396,007 | — | |||||||||||||||||
Self-directed brokerage accounts | 140,152 | 140,152 | — | |||||||||||||||||
Other investments | 147,681 | — | 147,681 | |||||||||||||||||
Total assets in the fair value hierarchy | $ | 4,118,961 | $ | 2,540,387 | $ | 1,578,574 | ||||||||||||||
Common/collective trusts measured at net asset value (“NAV”) | 1,472,229 | |||||||||||||||||||
Total investments, at fair value | $ | 5,591,190 |
The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2021:
Description (Thousands) | Total | Level 1 | Level 2 | |||||||||||||||||
Money market funds | $ | 50,866 | $ | 50,866 | $ | — | ||||||||||||||
Corporate debt instruments | 131,852 | — | 131,852 | |||||||||||||||||
Common stocks | 2,492,831 | 2,492,831 | — | |||||||||||||||||
Common/Collective trusts | 1,427,249 | — | 1,427,249 | |||||||||||||||||
U.S. Government and agency obligations | 239,859 | — | 239,859 | |||||||||||||||||
Mutual funds | 469,118 | 469,118 | — | |||||||||||||||||
Self-directed brokerage accounts | 162,436 | 162,436 | — | |||||||||||||||||
Other investments | 172,012 | — | 172,012 | |||||||||||||||||
Total assets in the fair value hierarchy | $ | 5,146,223 | $ | 3,175,251 | $ | 1,970,972 | ||||||||||||||
Common/collective trusts measured at NAV | 1,763,560 | |||||||||||||||||||
Total investments, at fair value | $ | 6,909,783 |
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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Valuation Techniques Used in the Fair Value Measurement of Financial Assets Carried at Fair Value
For the financial assets measured at fair value on a recurring basis (categorized in the valuation hierarchy table above), the Plan applies the following valuation techniques:
Level 1:
•Money market funds are valued at NAV, which represents the exit price.
•Investments in American Express Company common stock, other stock, and active publicly traded equity securities are valued at the official closing price of U.S. public exchanges or, if there is no official closing price that day, at the last reported trade price at the financial statement date.
•Mutual funds held within the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940. These investments are required to make publicly available the daily NAV of the fund and to transact at this price. Hence, open-end mutual funds transact at quoted prices. In addition, the mutual funds held by the Plan are actively traded.
•The Plan’s self-directed brokerage accounts are primarily comprised of mutual funds and are valued using the corresponding valuation techniques as previously described.
Level 2:
•The fair values for the Plan’s corporate debt instruments, U.S. Government and agency obligations (which also include state and local government obligations), and Other investments (asset-backed securities, foreign sovereign debt, municipal bonds, and private placement securities), are obtained primarily from pricing services engaged by Principal Bank for the period from February 22, 2022 through December 31, 2022, Wells Fargo Bank, N.A. for the year ended December 31, 2021 and for the period from January 1, 2022 through February 21, 2022, and with respect to Stable Value Fund assets, Ameriprise Trust Company for the years ended December 31, 2022 and 2021. The fair values provided by the pricing service are estimated using pricing models, where the inputs to those models are based on observable market inputs or recent trades of similar securities. The inputs to the valuation techniques applied by the pricing service vary depending on the type of security being priced but are typically benchmark yields, benchmark security prices, credit spreads, prepayment speeds, reported trades, and broker-dealer quotes, all with reasonable levels of transparency. In addition, the Plan did not apply any adjustments to the prices received from the pricing services for 2022 and 2021. Plan Management reaffirms its understanding of the valuation techniques used by the pricing services at least annually. The Plan classifies the prices obtained from the pricing services within Level 2 of the fair value hierarchy because the underlying inputs are directly observable from active markets or recent trades of similar securities in inactive markets. However, the pricing models used do entail a certain amount of subjectivity, and therefore differing judgments in how the underlying inputs are modeled could result in different estimates of fair value.
•Common/collective trusts are investment funds formed by the pooling of investments by institutional investors, such as a group of not necessarily affiliated pension or retirement plans, typically with the intention of achieving cost savings over similar investment options such as mutual funds. Common/collective trusts are similar to mutual funds, with a named investment manager and documented investment objective. These investments, however, are not registered with the SEC (unlike mutual funds, which are registered with the SEC), and participation is not open to the public. The NAV is measured by the custodian or investment manager as of the close of regular daily trading and is corroborated with observable inputs provided by pricing services for the securities. To the extent the NAV is made publicly available, these common/collective trusts are classified within Level 2 of the fair value hierarchy and the NAVs represent the exit price for the funds.
Level 3:
•There are no Level 3 securities held by the Plan.
Assets Measured at NAV:
•For common/collective trusts whose NAVs are communicated only to investors in the trusts and are not publicly available, the NAVs are being used as practical expedient for fair value and represent the exit price for the funds.
10
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
The fair values of the financial instruments are estimates based upon the market conditions and perceived risks as of December 31, 2022 and 2021 and require management judgment. The Plan’s valuation techniques used to measure the fair value of its investments may produce fair values that may not be indicative of a future sale, or reflective of future fair values. The use of different techniques to determine the fair value of these types of investments could result in different estimates of fair value at the reporting date. There were no transfers among the levels of fair value hierarchy during the years ended December 31, 2022 and 2021.
Fair Value of Investments Using NAV as Practical Expedient
The following tables summarize investments measured at fair value based on NAV per share/unit as of December 31, 2022 and 2021, respectively:
As of December 31, 2022 | Fair Value (Thousands) | Redemption Frequency | Redemption Notice Period | ||||||||
Common/collective trusts(a) | $1,472,229 | As needed | Up to 5 business days(b) | ||||||||
As of December 31, 2021 | Fair Value (Thousands) | Redemption Frequency | Redemption Notice Period | ||||||||
Common/collective trusts(a) | $1,763,560 | As needed | Up to 5 business days(b) |
a.Common/collective trusts are invested to gain exposure to broad public indices, including U.S., international developed and emerging market equity securities, and fixed income securities.
b.Fund trustees have the discretion to impose a longer notice period for the redemption of all or substantially all of the Plan's investment in the funds.
11
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
4. Investments
The investment options available to participants include nine core investment options (the “Core Investment Options”), of which five are actively managed (although in some cases, an actively managed option may also include a passively managed component) and four are passively managed (also known as index funds). In addition, target date funds (the “Retirement Funds”) based on target retirement dates are also available. The Retirement Funds invest in a mix of the actively managed Core Investment Options (and in some cases, also include an allocation to a Treasury inflation-protected securities strategy not available as a Core Investment Option). The age-appropriate Retirement Fund for the year in which a participant turns 65 generally serves as the Plan’s “default investment” to the extent a participant does not have a valid investment election on file. Additional investment options include the SDA and the American Express Company Stock Fund. A participant may currently elect to invest contributions in any combination of investment options in increments of 1% and change investment elections for future contributions on any business day the New York Stock Exchange is open. Participants may allocate up to 10% of their future contributions to the American Express Company Stock Fund, and transfers of balances from other investment options into the American Express Company Stock Fund are only permitted to the extent the participant’s investment in the American Express Company Stock Fund after the transfer does not exceed 10% of the participant’s overall Plan balance. Special rules and restrictions may apply to the SDA.
A brief description of the investment options available to participants at December 31, 2022, is set forth below:
Core Investment Options
RSPIC has created five actively managed Core Investment Options to provide diversified and actively managed options to participants. Four of these actively managed Core Investment Options (The Diversified Bond Fund, The U.S. Large-Cap Equity Fund, The U.S. Small/Mid-Cap Equity Fund, and The International Equity Fund) represent a broad asset class (e.g., U.S. Large-Cap Equity, U.S. Small/Mid-Cap Equity, Bonds, etc.) using several managers (and in some cases, also including a passively managed component) within each Fund. These actively managed Core Investment Options seek to outperform a broad market index by buying and selling a limited number of investments (stocks, bonds, or other investments) using the underlying investment managers’ investment management skills.
The actively managed Stable Value Fund invests in diversified pools of U.S. Government and agency fixed income securities together with book value wrap agreements issued by creditworthy insurance companies or banks with the objective to protect a participant’s original investment while offering a competitive rate of interest with minimum risk.
The Stable Value Fund holds a portfolio of book value wrap contracts that are fully benefit-responsive and comprised of both an investment and a contractual component. The investment component consists of units of common/collective trusts and a fixed income portfolio employing active management investment strategies, collectively referred to as the Stable Value Fund assets. Under the book value wrap contracts, the book value wrap provider is obligated to provide sufficient funds to cover participant benefit withdrawals and certain types of investment transfers regardless of the market value of the Stable Value Fund assets. While the contracts are designed to protect the Stable Value Fund against interest rate risk, the Stable Value Fund is still exposed to risk if issuers of the Stable Value Fund assets default on payment of interest or principal, but this risk is mitigated because the underlying Stable Value Fund assets in the Stable Value Fund bond portfolio are backed by the U.S. Government. The contracts may not cover participant benefit payments at contract value upon the occurrence of certain events, described below, involving the Stable Value Fund, American Express as its plan sponsor (“Plan Sponsor”) or Ameriprise Trust Company, an affiliate of Ameriprise Financial, Inc., its investment manager.
12
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Fully benefit-responsive book value wrap contracts held by a separately managed account created for a defined contribution plan are required to be reported at contract value, rather than fair value, on the Statements of Net Assets. Contract value is the relevant measure for fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals, and administrative expenses.
Certain events might limit the ability of the Plan to transact at contract value with the contract issuer and therefore also limit the ability of the Plan to transact at contract value with the participants of the Plan. These events may be different under each contract. Examples of such events include the following:
•The Plan’s failure to qualify under Section 401(a) of the Internal Revenue Code or the failure of the trust to be tax-exempt under Section 501(a) of the Internal Revenue Code;
•Premature termination of the contracts;
•Plan termination or merger;
•Changes to the Plan’s administration of competing investment options; and
•Bankruptcy of the Plan Sponsor or other Plan Sponsor events (for example, divestitures or spinoffs of a subsidiary) that significantly affect the Plan’s normal operations.
Plan Management believes no such events are probable of occurring.
In addition, certain events allow the issuer to terminate the contracts with the Plan and settle at an amount different from contract value. Those events may be different under each contract. Examples of such events include the following:
•An uncured violation of the Plan’s investment guidelines;
•A breach of material obligation under the contract;
•A material misrepresentation; and
•A material amendment to the agreements without the consent of the issuer.
Plan Management believes no such events are probable of occurring.
RSPIC has also created four passively-managed (index) Core Investment Options: The Diversified Bond Index Fund, The U.S. Large-Cap Equity Index Fund, The U.S. Small/Mid-Cap Equity Index Fund, and The International Equity Index Fund, which currently use a single index fund as the underlying investment in each Fund. Each passively-managed Core Investment Option seeks to mirror the investments and track the performance of a broad market index that includes hundreds or thousands of stocks or bonds.
Self-Directed Brokerage Accounts
The SDA gives participants the opportunity to invest in a wide variety of mutual funds in addition to the specific investment options mentioned above. Participants may request a Prospectus for any of the funds available through the SDA.
American Express Company Stock Fund
The Plan Document requires that this Fund be offered as an investment option under the Plan, subject to compliance with ERISA. The American Express Company Stock Fund is an ESOP. This Fund invests primarily in American Express Company common shares and holds a small amount of cash or other short-term cash equivalents to meet requests for investment transfers, withdrawals, and distributions. Participants have full voting rights for the common shares underlying the units that are allocated to the American Express Company Stock Fund.
A full, detailed description of the Plan’s investment options, and associated terms and conditions, is available to all participants.
13
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
5. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities and current market volatility, it is at least reasonably possible that changes in the values of investment securities will continue to occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits.
6. Income Tax Status
The Plan has received a favorable determination letter from the Internal Revenue Service ("IRS") dated August 10, 2022, stating that the Plan is qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. The Plan has been amended after the period covered by the determination letter. Although the Plan has been amended since receiving the determination letter, the Company believes the Plan, as amended, is currently designed and being operated in compliance with the applicable requirements of the Code, and therefore, believes that the Plan, as amended, is qualified, the related trust is tax-exempt, and the Plan satisfies the requirements of Section 4975(e)(7) of the Code.
GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability or asset if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Plan Management has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability, or asset, or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions.
7. Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements to Form 5500 as of December 31, 2022 and 2021:
(Thousands) | 2022 | 2021 | ||||||||||||
Net assets available for benefits per the financial statements | $ | 6,428,355 | $ | 7,720,683 | ||||||||||
Difference between contract value and fair value of fully benefit-responsive investment contracts | (49,544) | 1,462 | ||||||||||||
Loans deemed distributed | (209) | (286) | ||||||||||||
Net assets available for benefits per the Form 5500 | $ | 6,378,602 | $ | 7,721,859 |
The following is a reconciliation of net income per the financial statements to Form 5500 for the year ended December 31, 2022:
(Thousands) | 2022 | |||||||
Net decrease in net assets available for benefits per the financial statements | $ | (1,292,328) | ||||||
Adjustment for difference between contract value and fair value of fully benefit-responsive investment contracts | (51,006) | |||||||
Change in deemed distributions of participant loans | 77 | |||||||
Net loss per the Form 5500 | $ | (1,343,257) |
14
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
8. Related Parties and Parties-In-Interest Transactions
The Plan holds certain investments in Wells Fargo Bank, N.A. and its affiliates, which was a party-in-interest until custody services were transferred to Principal Bank on February 22, 2022, and in MetLife, Inc. and its affiliates, which was a party-in-interest until November 28, 2022. The Plan also allows for transactions with, and certain investments in, certain parties that may perform services for, or have fiduciary responsibilities to, the Plan, including Principal Financial Group and its affiliates and Charles Schwab and Co., Inc. and its affiliates, as well as investment managers appointed by RSPIC. Transactions with these parties are considered party-in-interest transactions, but not considered prohibited transactions under ERISA. As noted in Supplemental Schedule H, Line 4i, the Plan held investments with parties-in-interest in Ameriprise Financial, Inc. and its affiliates, BlackRock Institutional Trust Company, N.A. and its affiliates, Fidelity Investment Management and its affiliates, J.P. Morgan Investment Management, Inc. and its affiliates, Morgan Stanley Investment Management and its affiliates, Principal Financial Group and its affiliates, Vanguard Fiduciary Trust Company and its affiliates, and Willis Tower Watson and its affiliates as of December 31, 2022. Additionally, the self-directed brokerage account includes certain investments considered to be party-in-interest investments. Notes Receivable from Participants, as discussed in Note 1 (Description of the Plan), are also considered party-in-interest transactions.
Berkshire Hathaway, Inc. and its affiliates are considered parties-in-interest due to ownership interests in the Company. The Plan holds certain securities in Berkshire Hathaway in accordance with investment strategies directed by its qualified professional asset managers.
Additionally, the Company is considered a party-in-interest as well as a related party. As of December 31, 2022 and 2021, the Plan held 4,427,465 shares of American Express Company common stock valued at $654 million and 4,605,470 shares valued at $753 million, respectively. During the 2022 plan year the Plan acquired 142,582 shares of American Express Company common stock valued at $34 million through dividend reinvestments and sold 274,049 shares valued at $64 million. The Plan reimburses the Company for direct expenses (salary and benefits costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.
15
SUPPLEMENTAL SCHEDULES
16
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
Money Market Funds | |||||||||||||||||
* | FIDELITY MM GOVT PORTFOLIO #57 | 49,193 | 49,194 | ||||||||||||||
Total Money Market Funds | $ | 49,194 | |||||||||||||||
Corporate Debt Instruments | |||||||||||||||||
ABBVIE INC 4.050% 11/21/39 | 485 | 415 | |||||||||||||||
ABBVIE INC 4.400% 11/06/42 | 395 | 343 | |||||||||||||||
ABBVIE INC 4.500% 5/14/35 | 410 | 380 | |||||||||||||||
AEP TRANSMISSION CO 3.150% 9/15/49 | 120 | 83 | |||||||||||||||
AERCAP IRELAND CAP/G 1.750% 1/30/26 | 150 | 132 | |||||||||||||||
AERCAP IRELAND CAP/G 2.450% 10/29/26 | 180 | 157 | |||||||||||||||
AERCAP IRELAND CAP/G 3.300% 1/30/32 | 210 | 164 | |||||||||||||||
AERCAP IRELAND CAP/G 4.450% 4/03/26 | 150 | 143 | |||||||||||||||
AERCAP IRELAND CAP/G 4.500% 9/15/23 | 605 | 601 | |||||||||||||||
AETNA INC 3.875% 8/15/47 | 150 | 115 | |||||||||||||||
AFLAC INC 3.600% 4/01/30 | 1,565 | 1,416 | |||||||||||||||
AIR LEASE CORP 2.200% 1/15/27 | 218 | 190 | |||||||||||||||
AIR LEASE CORP 3.250% 10/01/29 | 415 | 353 | |||||||||||||||
ALABAMA POWER CO 5.700% 2/15/33 | 200 | 205 | |||||||||||||||
ALBEMARLE CORP 5.450% 12/01/44 | 50 | 45 | |||||||||||||||
ALEXANDRIA REAL ESTA 1.875% 2/01/33 | 140 | 104 | |||||||||||||||
ALEXANDRIA REAL ESTA 2.000% 5/18/32 | 310 | 237 | |||||||||||||||
ALTRIA GROUP INC 2.450% 2/04/32 | 260 | 196 | |||||||||||||||
AMAZON.COM INC 3.250% 5/12/61 | 65 | 44 | |||||||||||||||
AMAZON.COM INC 3.875% 8/22/37 | 110 | 97 | |||||||||||||||
AMAZON.COM INC 3.950% 4/13/52 | 285 | 236 | |||||||||||||||
AMAZON.COM INC 4.100% 4/13/62 | 84 | 69 | |||||||||||||||
AMER AIRLINE 16-2 AA 3.200% 6/15/28 | 144 | 125 | |||||||||||||||
AMER AIRLINE 16-3 AA 3.000% 4/15/30 | 92 | 79 | |||||||||||||||
AMER AIRLN 14-1 A PT 3.700% 10/01/26 | 86 | 75 | |||||||||||||||
AMERICAN TOWER CORP 2.100% 6/15/30 | 150 | 119 | |||||||||||||||
AMERICAN TOWER CORP 3.100% 6/15/50 | 139 | 87 | |||||||||||||||
AMERICAN TOWER CORP 3.700% 10/15/49 | 220 | 156 | |||||||||||||||
AMERICAN WATER CAPIT 3.450% 6/01/29 | 150 | 137 | |||||||||||||||
AMGEN INC 3.150% 2/21/40 | 200 | 147 | |||||||||||||||
ANALOG DEVICES INC 2.800% 10/01/41 | 250 | 183 | |||||||||||||||
ANHEUSER-BUSCH COS 4.900% 2/01/46 | 525 | 477 | |||||||||||||||
ANHEUSER-BUSCH INBEV 4.375% 4/15/38 | 190 | 170 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
17
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
ANHEUSER-BUSCH INBEV 4.439% 10/06/48 | 240 | 205 | |||||||||||||||
ANHEUSER-BUSCH INBEV 4.700% 2/01/36 | 120 | 113 | |||||||||||||||
APPLE INC 2.700% 8/05/51 | 500 | 330 | |||||||||||||||
APTIV PLC / APTIV CO 3.250% 3/01/32 | 239 | 195 | |||||||||||||||
ARROW ELECTRONICS IN 3.875% 1/12/28 | 55 | 50 | |||||||||||||||
ASSURANT INC 4.200% 9/27/23 | 79 | 78 | |||||||||||||||
ASTRAZENECA PLC 2.125% 8/06/50 | 140 | 82 | |||||||||||||||
ASTRAZENECA PLC 4.000% 9/18/42 | 60 | 52 | |||||||||||||||
ASTRAZENECA PLC 6.450% 9/15/37 | 70 | 79 | |||||||||||||||
AT&T INC 2.250% 2/01/32 | 350 | 274 | |||||||||||||||
AT&T INC 2.300% 6/01/27 | 725 | 645 | |||||||||||||||
AT&T INC 3.500% 6/01/41 | 154 | 115 | |||||||||||||||
AT&T INC 3.550% 9/15/55 | 638 | 426 | |||||||||||||||
AT&T INC 3.650% 6/01/51 | 129 | 91 | |||||||||||||||
ATMOS ENERGY CORP 5.500% 6/15/41 | 100 | 98 | |||||||||||||||
AUTOZONE INC 1.650% 1/15/31 | 190 | 147 | |||||||||||||||
BAKER HUGHES HLDGS L 5.125% 9/15/40 | 50 | 46 | |||||||||||||||
BALTIMORE GAS & ELEC 2.900% 6/15/50 | 110 | 73 | |||||||||||||||
BALTIMORE GAS & ELEC 3.500% 8/15/46 | 70 | 52 | |||||||||||||||
BANCO SANTANDER CONV 5.147% 8/18/25 | 200 | 198 | |||||||||||||||
BANCO SANTANDER SA 1.849% 3/25/26 | 400 | 353 | |||||||||||||||
BANCO SANTANDER SA 2.749% 12/03/30 | 200 | 153 | |||||||||||||||
BANK OF AMER MTN V-D 4.376% 4/27/28 | 280 | 268 | |||||||||||||||
BANK OF IRELAND V-A 6.253% 9/16/26 | 210 | 208 | |||||||||||||||
BARCLAY PLC CONV V-A 5.304% 8/09/26 | 400 | 397 | |||||||||||||||
BAT CAPITAL CORP 3.734% 9/25/40 | 130 | 88 | |||||||||||||||
BAT CAPITAL CORP 4.540% 8/15/47 | 257 | 182 | |||||||||||||||
BAT INTL FINANCE PLC 1.668% 3/25/26 | 145 | 128 | |||||||||||||||
BAXALTA INC 5.250% 6/23/45 | 7 | 7 | |||||||||||||||
* | BERKSHIRE HATHAWAY 3.850% 3/15/52 | 165 | 132 | ||||||||||||||
* | BERKSHIRE HATHAWAY 4.200% 8/15/48 | 200 | 176 | ||||||||||||||
* | BERKSHIRE HATHAWAY 4.450% 1/15/49 | 235 | 202 | ||||||||||||||
BIOGEN INC 2.250% 5/01/30 | 106 | 86 | |||||||||||||||
BLACKSTONE SECURED 3.650% 7/14/23 | 195 | 193 | |||||||||||||||
BOARDWALK PIPELINES 3.400% 2/15/31 | 100 | 84 | |||||||||||||||
BOEING CO 2.196% 2/04/26 | 275 | 250 | |||||||||||||||
BOEING CO 2.750% 2/01/26 | 232 | 215 | |||||||||||||||
BOEING CO 3.100% 5/01/26 | 525 | 494 | |||||||||||||||
BOEING CO 3.250% 3/01/28 | 251 | 224 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
18
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
BOEING CO 5.040% 5/01/27 | 245 | 242 | |||||||||||||||
BOEING CO 5.150% 5/01/30 | 508 | 496 | |||||||||||||||
BOEING CO 5.705% 5/01/40 | 175 | 167 | |||||||||||||||
BOEING CO 5.805% 5/01/50 | 69 | 64 | |||||||||||||||
BP CAP MARKETS AMERI 2.939% 6/04/51 | 345 | 227 | |||||||||||||||
BP CAP MARKETS AMERI 3.017% 1/16/27 | 135 | 126 | |||||||||||||||
BRISTOL-MYERS SQUIBB 4.125% 6/15/39 | 122 | 109 | |||||||||||||||
BRIXMOR OPERATING PA 2.250% 4/01/28 | 220 | 182 | |||||||||||||||
BRIXMOR OPERATING PA 2.500% 8/16/31 | 115 | 88 | |||||||||||||||
BRIXMOR OPERATING PA 3.850% 2/01/25 | 120 | 115 | |||||||||||||||
BROADCOM INC 4.750% 4/15/29 | 330 | 314 | |||||||||||||||
BROOKFIELD FINANCE 3.900% 1/25/28 | 297 | 272 | |||||||||||||||
BROOKFIELD FINANCE 4.700% 9/20/47 | 13 | 10 | |||||||||||||||
BROOKFIELD FINANCE 4.850% 3/29/29 | 96 | 92 | |||||||||||||||
BROWN & BROWN INC 2.375% 3/15/31 | 100 | 76 | |||||||||||||||
BUCKEYE PARTNERS LP 5.850% 11/15/43 | 195 | 145 | |||||||||||||||
BUNGE LTD FINANCE CO 2.750% 5/14/31 | 260 | 213 | |||||||||||||||
BURLINGTN NORTH SANT 4.375% 9/01/42 | 130 | 116 | |||||||||||||||
BURLINGTON NORTH SAN 6.150% 5/01/37 | 60 | 65 | |||||||||||||||
CAMPBELL SOUP CO 3.125% 4/24/50 | 66 | 45 | |||||||||||||||
CANADIAN PACIFIC RAI 3.000% 12/02/41 | 223 | 168 | |||||||||||||||
CANADIAN PACIFIC RR 5.750% 3/15/33 | 70 | 70 | |||||||||||||||
CAPITAL ONE FINANCIA 3.300% 10/30/24 | 350 | 338 | |||||||||||||||
CAPITAL ONE FINL V-D 4.927% 5/10/28 | 29 | 28 | |||||||||||||||
CAPITAL ONE FINL V-D 4.985% 7/24/26 | 50 | 49 | |||||||||||||||
CBS CORP 4.000% 1/15/26 | 200 | 192 | |||||||||||||||
CELANESE US HLDS 6.050% 3/15/25 | 118 | 118 | |||||||||||||||
CENTERPOINT ENER HOU 3.000% 2/01/27 | 91 | 86 | |||||||||||||||
CGI INC 2.300% 9/14/31 | 200 | 152 | |||||||||||||||
CHARTER COMM OPT LLC 3.500% 3/01/42 | 375 | 240 | |||||||||||||||
CHARTER COMM OPT LLC 3.700% 4/01/51 | 130 | 79 | |||||||||||||||
CHARTER COMM OPT LLC 5.375% 4/01/38 | 48 | 40 | |||||||||||||||
CHARTER COMM OPT LLC 6.384% 10/23/35 | 500 | 487 | |||||||||||||||
CHARTER COMM OPT LLC 6.834% 10/23/55 | 70 | 65 | |||||||||||||||
CIGNA CORP 3.400% 3/01/27 | 415 | 389 | |||||||||||||||
CIGNA CORP 4.500% 2/25/26 | 108 | 106 | |||||||||||||||
CINCINNATI FINL CORP 6.920% 5/15/28 | 50 | 53 | |||||||||||||||
CITIGROUP INC 4.450% 9/29/27 | 21 | 20 | |||||||||||||||
CITIZENS FINANCIAL 2.638% 9/30/32 | 47 | 35 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
19
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
CLEVELAND ELECTRIC 5.950% 12/15/36 | 40 | 40 | |||||||||||||||
CMS ENERGY CORP 2.950% 2/15/27 | 39 | 35 | |||||||||||||||
CMS ENERGY CORP 3.875% 3/01/24 | 180 | 176 | |||||||||||||||
COCA-COLA FEMSA SAB 1.850% 9/01/32 | 205 | 154 | |||||||||||||||
COMCAST CORP 2.887% 11/01/51 | 244 | 157 | |||||||||||||||
COMCAST CORP 2.937% 11/01/56 | 143 | 88 | |||||||||||||||
COMCAST CORP 2.987% 11/01/63 | 57 | 34 | |||||||||||||||
COMCAST CORP 3.200% 7/15/36 | 200 | 162 | |||||||||||||||
COMCAST CORP 3.400% 4/01/30 | 1,375 | 1,254 | |||||||||||||||
COMCAST CORP 3.900% 3/01/38 | 55 | 47 | |||||||||||||||
COMCAST CORP 4.250% 1/15/33 | 150 | 141 | |||||||||||||||
COMMONSPIRIT HEALTH 2.782% 10/01/30 | 545 | 449 | |||||||||||||||
COMMONWEALTH EDISON 3.650% 6/15/46 | 45 | 34 | |||||||||||||||
COMMONWEALTH EDISON 3.750% 8/15/47 | 70 | 54 | |||||||||||||||
CONTL AIRLINES 2012- 4.000% 10/29/24 | 396 | 378 | |||||||||||||||
COREBRIDGE FIN 3.650% 4/05/27 | 145 | 135 | |||||||||||||||
COREBRIDGE FINANCIAL 3.850% 4/05/29 | 105 | 96 | |||||||||||||||
CORPORATE OFFICE PRO 2.000% 1/15/29 | 90 | 69 | |||||||||||||||
CORPORATE OFFICE PRO 2.750% 4/15/31 | 362 | 271 | |||||||||||||||
CSL FINANCE PLC 3.850% 4/27/27 | 215 | 206 | |||||||||||||||
CSX CORP 6.000% 10/01/36 | 175 | 184 | |||||||||||||||
CVS HEALTH CORP 2.700% 8/21/40 | 500 | 345 | |||||||||||||||
DDR CORP 3.625% 2/01/25 | 61 | 58 | |||||||||||||||
DELL INTL L L C / EM 6.020% 6/15/26 | 353 | 360 | |||||||||||||||
DELTA AIR LINES 2015 3.625% 7/30/27 | 973 | 888 | |||||||||||||||
DELTA AIRLINES 2015B 4.250% 7/30/23 | 231 | 227 | |||||||||||||||
DH EUROPE FINANCE II 3.250% 11/15/39 | 80 | 64 | |||||||||||||||
DISCOVER FINL SVCS 6.700% 11/29/32 | 123 | 125 | |||||||||||||||
DISCOVERY COMMUNICAT 3.450% 3/15/25 | 120 | 114 | |||||||||||||||
DISCOVERY COMMUNICAT 5.200% 9/20/47 | 275 | 204 | |||||||||||||||
DOMINION ENERGY INC 3.375% 4/01/30 | 210 | 185 | |||||||||||||||
DOMINION RESOURCES 2.850% 8/15/26 | 76 | 70 | |||||||||||||||
DOWDUPONT INC 5.319% 11/15/38 | 100 | 96 | |||||||||||||||
DR PEPPER SNAPPLE GR 4.420% 12/15/46 | 70 | 57 | |||||||||||||||
DTE ENERGY CO 1.050% 6/01/25 | 380 | 344 | |||||||||||||||
DUKE ENERGY CORP 2.650% 9/01/26 | 43 | 40 | |||||||||||||||
DUKE ENERGY CORP 6.000% 12/01/28 | 80 | 85 | |||||||||||||||
DUKE ENERGY FLORIDA 3.800% 7/15/28 | 200 | 190 | |||||||||||||||
DUKE ENERGY OHIO INC 4.300% 2/01/49 | 60 | 49 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
20
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
DUKE ENERGY PROGRESS 2.900% 8/15/51 | 180 | 118 | |||||||||||||||
DUKE ENERGY PROGRESS 4.200% 8/15/45 | 130 | 109 | |||||||||||||||
EASTERN GAS TRAN 3.900% 11/15/49 | 206 | 145 | |||||||||||||||
ECOPETROL SA 5.875% 9/18/23 | 128 | 127 | |||||||||||||||
EDISON INTERNATIONAL 3.550% 11/15/24 | 100 | 97 | |||||||||||||||
EMERA US FINANCE LP 3.550% 6/15/26 | 70 | 66 | |||||||||||||||
EMERA US FINANCE LP 4.750% 6/15/46 | 150 | 116 | |||||||||||||||
ENABLE MIDSTREAM PAR 4.950% 5/15/28 | 55 | 53 | |||||||||||||||
ENERGY TRANSFER OPER 6.250% 4/15/49 | 209 | 194 | |||||||||||||||
ENERGY TRANSFER PART 4.750% 1/15/26 | 324 | 315 | |||||||||||||||
ENERGY TRANSFER PART 5.500% 6/01/27 | 36 | 36 | |||||||||||||||
ENERGY TRANSFER PART 6.050% 6/01/41 | 268 | 252 | |||||||||||||||
ENTERGY LOUISIANA LL 2.400% 10/01/26 | 59 | 54 | |||||||||||||||
ENTERGY LOUISIANA LL 2.900% 3/15/51 | 140 | 90 | |||||||||||||||
ENTERGY LOUISIANA LL 3.050% 6/01/31 | 57 | 49 | |||||||||||||||
ENTERGY LOUISIANA LL 3.120% 9/01/27 | 40 | 37 | |||||||||||||||
ENTERGY MISSISSIPPI 3.850% 6/01/49 | 190 | 145 | |||||||||||||||
ENTERPRISE PRODUCTS 4.900% 5/15/46 | 180 | 157 | |||||||||||||||
EQUINIX INC 2.900% 11/18/26 | 305 | 279 | |||||||||||||||
ESSEX PORTFOLIO LP 1.650% 1/15/31 | 200 | 149 | |||||||||||||||
EVERGY INC 2.900% 9/15/29 | 235 | 203 | |||||||||||||||
EVERSOURCE ENERGY 2.900% 10/01/24 | 350 | 337 | |||||||||||||||
EXELON CORP 5.100% 6/15/45 | 170 | 158 | |||||||||||||||
EXELON GENERATION CO 3.250% 6/01/25 | 340 | 325 | |||||||||||||||
EXELON GENERATION CO 6.250% 10/01/39 | 180 | 184 | |||||||||||||||
EXXON MOBIL CORPORAT 2.995% 8/16/39 | 400 | 306 | |||||||||||||||
FISERV INC 4.400% 7/01/49 | 90 | 73 | |||||||||||||||
FOMENTO ECONOMICO ME 3.500% 1/16/50 | 260 | 182 | |||||||||||||||
FORD FOUNDATION/THE 2.815% 6/01/70 | 90 | 52 | |||||||||||||||
FORTIS INC 3.055% 10/04/26 | 155 | 144 | |||||||||||||||
GEN MOTORS FIN 3.800% 4/07/25 | 280 | 270 | |||||||||||||||
GENERAL MOTORS FINL 2.350% 1/08/31 | 157 | 118 | |||||||||||||||
GENERAL MOTORS FINL 2.750% 6/20/25 | 360 | 337 | |||||||||||||||
GENERAL MOTORS FINL 4.350% 1/17/27 | 117 | 111 | |||||||||||||||
GILEAD SCIENCES INC 2.600% 10/01/40 | 300 | 209 | |||||||||||||||
GLOBAL PAYMENTS INC 2.900% 5/15/30 | 67 | 55 | |||||||||||||||
GLOBAL PAYMENTS INC 2.900% 11/15/31 | 129 | 102 | |||||||||||||||
GLOBAL PAYMENTS INC 3.200% 8/15/29 | 186 | 158 | |||||||||||||||
GOLDMAN SACHS GROUP 3.800% 3/15/30 | 200 | 180 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
21
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
GOLDMAN SACHS GROUP 3.850% 1/26/27 | 224 | 213 | |||||||||||||||
HACKENSACK MERIDIAN 2.675% 9/01/41 | 445 | 309 | |||||||||||||||
HACKENSACK MERIDIAN 2.875% 9/01/50 | 250 | 162 | |||||||||||||||
HALLIBURTON CO 4.850% 11/15/35 | 43 | 40 | |||||||||||||||
HALLIBURTON COMPANY 6.700% 9/15/38 | 50 | 53 | |||||||||||||||
HANOVER INSURANCE GR 2.500% 9/01/30 | 140 | 108 | |||||||||||||||
HARRIS CORPORATION 4.854% 4/27/35 | 40 | 37 | |||||||||||||||
HARTFORD FINL SVCS 4.300% 4/15/43 | 90 | 72 | |||||||||||||||
HCA INC 3.500% 7/15/51 | 92 | 59 | |||||||||||||||
HCA INC 5.125% 6/15/39 | 175 | 157 | |||||||||||||||
HCA INC 5.250% 6/15/26 | 600 | 593 | |||||||||||||||
HCA INC 5.500% 6/15/47 | 105 | 93 | |||||||||||||||
HCP INC 3.250% 7/15/26 | 350 | 330 | |||||||||||||||
HEALTH CARE REIT INC 6.500% 3/15/41 | 140 | 139 | |||||||||||||||
HEALTHPEAK PROPERTIE 2.125% 12/01/28 | 271 | 227 | |||||||||||||||
HF SINCLAIR CORP 2.625% 10/01/23 | 275 | 269 | |||||||||||||||
HF SINCLAIR CORP 5.875% 4/01/26 | 155 | 155 | |||||||||||||||
HOME DEPOT INC 4.950% 9/15/52 | 145 | 139 | |||||||||||||||
HP INC 4.750% 1/15/28 | 150 | 146 | |||||||||||||||
HSBC HLDGS PLC CONV 7.350% 11/27/32 | 224 | 211 | |||||||||||||||
HSBC HOLDINGS PLC 6.100% 1/14/42 | 280 | 292 | |||||||||||||||
HSBC HOLDINGS V-D 7.336% 11/03/26 | 228 | 237 | |||||||||||||||
HSBC HOLDINGS V-D 7.390% 11/03/28 | 200 | 210 | |||||||||||||||
IBM CORP 3.500% 5/15/29 | 1,350 | 1,241 | |||||||||||||||
ING GROEP NV 3.950% 3/29/27 | 200 | 189 | |||||||||||||||
INTL FLAVOR & FRAGRA 5.000% 9/26/48 | 274 | 233 | |||||||||||||||
JB HUNT TRANSPRT SVC 3.850% 3/15/24 | 100 | 98 | |||||||||||||||
JERSEY CENTRAL PWR 6.150% 6/01/37 | 30 | 29 | |||||||||||||||
KANSAS CITY POWER & 4.200% 3/15/48 | 60 | 49 | |||||||||||||||
KANSAS CITY SOUTHERN 4.700% 5/01/48 | 217 | 187 | |||||||||||||||
KEYCORP MTN V-D 4.789% 6/01/33 | 45 | 42 | |||||||||||||||
KINDER MORGAN INC/DE 5.050% 2/15/46 | 40 | 34 | |||||||||||||||
KLA CORP 3.300% 3/01/50 | 100 | 72 | |||||||||||||||
KRAFT HEINZ FOODS CO 4.375% 6/01/46 | 120 | 98 | |||||||||||||||
KRAFT HEINZ FOODS CO 4.625% 10/01/39 | 155 | 136 | |||||||||||||||
KROGER CO 4.450% 2/01/47 | 175 | 147 | |||||||||||||||
L3HARRIS TECH INC 1.800% 1/15/31 | 230 | 177 | |||||||||||||||
LASMO USA INC DTD 7.300% 11/15/27 | 70 | 74 | |||||||||||||||
LEAR CORP 2.600% 1/15/32 | 85 | 64 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
22
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
LIFE STORAGE LP 2.400% 10/15/31 | 135 | 104 | |||||||||||||||
LIFE STORAGE LP 4.000% 6/15/29 | 214 | 192 | |||||||||||||||
LLOYDS BANKING GROUP 4.375% 3/22/28 | 200 | 190 | |||||||||||||||
LLOYDS TSB CONV V-S 3.511% 3/18/26 | 200 | 190 | |||||||||||||||
LOUISVILLE GAS & ELE 4.650% 11/15/43 | 100 | 86 | |||||||||||||||
LOWE'S COS INC 2.625% 4/01/31 | 230 | 191 | |||||||||||||||
LOWE'S COS INC 3.000% 10/15/50 | 225 | 143 | |||||||||||||||
LOWE'S COS INC 5.625% 4/15/53 | 124 | 119 | |||||||||||||||
LUBRIZOL CORP 6.500% 10/01/34 | 193 | 220 | |||||||||||||||
LYB INTL FINANCE BV 4.875% 3/15/44 | 170 | 142 | |||||||||||||||
MACQUARIE GROUP MTN 6.207% 11/22/24 | 231 | 233 | |||||||||||||||
MAGALLANES INC 5.141% 3/15/52 | 253 | 184 | |||||||||||||||
MANULIFE FINL CORP 3.703% 3/16/32 | 310 | 276 | |||||||||||||||
MARATHON PETROLEUM 4.700% 5/01/25 | 138 | 136 | |||||||||||||||
MARSH & MCLENNAN COS 4.375% 3/15/29 | 325 | 314 | |||||||||||||||
MASCO CORP 2.000% 10/01/30 | 90 | 70 | |||||||||||||||
MASCO CORP 6.500% 8/15/32 | 110 | 113 | |||||||||||||||
MASS MUTUAL LIFE 5.672% 12/01/52 | 154 | 152 | |||||||||||||||
MCDONALD'S CORP 4.200% 4/01/50 | 125 | 104 | |||||||||||||||
MCDONALD'S CORP 4.700% 12/09/35 | 101 | 97 | |||||||||||||||
MCDONALD'S CORP 6.300% 10/15/37 | 38 | 41 | |||||||||||||||
MDC HOLDINGS INC 2.500% 1/15/31 | 265 | 191 | |||||||||||||||
MEAD JOHNSON NUTRITI 4.600% 6/01/44 | 35 | 31 | |||||||||||||||
MEMORIAL HEALTH SERV 3.447% 11/01/49 | 310 | 225 | |||||||||||||||
MET LIFE GLOB MTN 3.300% 3/21/29 | 542 | 485 | |||||||||||||||
MICROCHIP TECH INC 0.983% 9/01/24 | 92 | 85 | |||||||||||||||
MICROCHIP TECHNOLOGY 2.670% 9/01/23 | 108 | 106 | |||||||||||||||
MICROSOFT CORP 3.041% 3/17/62 | 46 | 32 | |||||||||||||||
MID-AMERICA APARTMEN 1.700% 2/15/31 | 160 | 125 | |||||||||||||||
MIDMICHIGAN HEALTH 3.409% 6/01/50 | 90 | 62 | |||||||||||||||
MITSUBISHI UFJ FIN 2.048% 7/17/30 | 360 | 284 | |||||||||||||||
MITSUBISHI UFJ FIN 3.751% 7/18/39 | 290 | 236 | |||||||||||||||
MIZUHO FINANCIAL V-A 5.414% 9/13/28 | 425 | 425 | |||||||||||||||
MOODY'S CORPORATION 3.250% 5/20/50 | 210 | 145 | |||||||||||||||
* | MORGAN STANLEY 3.125% 7/27/26 | 500 | 466 | ||||||||||||||
* | MORGAN STANLEY 3.625% 1/20/27 | 544 | 513 | ||||||||||||||
MPLX LP 4.800% 2/15/29 | 139 | 133 | |||||||||||||||
MYLAN INC 5.400% 11/29/43 | 50 | 40 | |||||||||||||||
NATIONAL RETAIL PROP 3.600% 12/15/26 | 62 | 58 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
23
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
NATWEST GRP CONV V-A 7.472% 11/10/26 | 200 | 208 | |||||||||||||||
NISOURCE INC 1.700% 2/15/31 | 200 | 152 | |||||||||||||||
NOMURA HOLDINGS INC 2.648% 1/16/25 | 276 | 261 | |||||||||||||||
NOMURA HOLDINGS INC 2.679% 7/16/30 | 200 | 160 | |||||||||||||||
NORDEA BANK ABP 5.375% 9/22/27 | 200 | 201 | |||||||||||||||
NORDSTROM INC 4.000% 3/15/27 | 295 | 246 | |||||||||||||||
NORDSTROM INC 4.250% 8/01/31 | 331 | 237 | |||||||||||||||
NORFOLK SOUTHERN COR 3.942% 11/01/47 | 151 | 121 | |||||||||||||||
NORFOLK SOUTHERN COR 4.837% 10/01/41 | 235 | 216 | |||||||||||||||
NORTHEASTERN UNIVERS 2.894% 10/01/50 | 400 | 264 | |||||||||||||||
NORTHERN STATE PWR- 6.200% 7/01/37 | 50 | 54 | |||||||||||||||
NORTHERN STS PWR CO 4.500% 6/01/52 | 217 | 197 | |||||||||||||||
NORTHROP GRUMMAN COR 5.250% 5/01/50 | 335 | 330 | |||||||||||||||
NUCOR CORP 2.979% 12/15/55 | 50 | 31 | |||||||||||||||
NUTRIEN LTD 4.125% 3/15/35 | 100 | 86 | |||||||||||||||
NVENT FINANCE SARL 4.550% 4/15/28 | 98 | 90 | |||||||||||||||
NXP BV / NXP FDG LLC 2.500% 5/11/31 | 300 | 239 | |||||||||||||||
NXP BV / NXP FDG LLC 3.250% 5/11/41 | 425 | 296 | |||||||||||||||
NXP BV/NXP FDG LLC 3.150% 5/01/27 | 350 | 317 | |||||||||||||||
OFFICE PPTY INCOME 2.400% 2/01/27 | 280 | 205 | |||||||||||||||
OFFICE PPTY INCOME 2.650% 6/15/26 | 350 | 271 | |||||||||||||||
OHIO POWER COMPANY 2.900% 10/01/51 | 240 | 156 | |||||||||||||||
ONCOR ELECTRIC DELIV 3.100% 9/15/49 | 215 | 152 | |||||||||||||||
ORACLE CORP 1.650% 3/25/26 | 300 | 268 | |||||||||||||||
ORACLE CORP 3.850% 7/15/36 | 267 | 218 | |||||||||||||||
ORACLE CORP 3.950% 3/25/51 | 174 | 124 | |||||||||||||||
ORACLE CORP 4.000% 7/15/46 | 120 | 87 | |||||||||||||||
OTIS WORLDWIDE CORP 2.565% 2/15/30 | 200 | 168 | |||||||||||||||
PACIFIC GAS & 2.950% 3/01/26 | 105 | 96 | |||||||||||||||
PACIFIC GAS & ELECTR 1.700% 11/15/23 | 135 | 131 | |||||||||||||||
PACIFIC GAS & ELECTR 3.750% 8/15/42 | 50 | 34 | |||||||||||||||
PACIFIC GAS & ELECTR 4.300% 3/15/45 | 85 | 60 | |||||||||||||||
PACIFIC GAS & ELECTR 4.450% 4/15/42 | 200 | 149 | |||||||||||||||
PACIFIC GAS AND ELEC 3.450% 7/01/25 | 170 | 161 | |||||||||||||||
PECO ENERGY CO 2.800% 6/15/50 | 100 | 65 | |||||||||||||||
PENSKE TRUCK LEASING 5.875% 11/15/27 | 132 | 133 | |||||||||||||||
PEPPERDINE UNIV 3.301% 12/01/59 | 150 | 94 | |||||||||||||||
PG&E RECOV FND 5.536% 7/15/47 | 180 | 182 | |||||||||||||||
PG&E WILDFIRE RECOV 4.263% 6/01/38 | 125 | 116 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
24
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
PG&E WILDFIRE RECOV 5.099% 6/01/54 | 150 | 141 | |||||||||||||||
PG&E WILDFIRE RECOV 5.212% 12/01/49 | 80 | 77 | |||||||||||||||
PHILLIPS 66 CO 3.150% 12/15/29 | 105 | 92 | |||||||||||||||
PHILLIPS 66 CO 3.550% 10/01/26 | 15 | 14 | |||||||||||||||
PHILLIPS 66 CO SR 3.605% 2/15/25 | 60 | 58 | |||||||||||||||
PHYSICIANS REALTY LP 2.625% 11/01/31 | 140 | 109 | |||||||||||||||
PIEDMONT HEALTHCARE 2.864% 1/01/52 | 245 | 153 | |||||||||||||||
PIONEER NATURAL RESO 1.900% 8/15/30 | 230 | 180 | |||||||||||||||
PLAINS ALL AMER PIPE 4.700% 6/15/44 | 130 | 99 | |||||||||||||||
PLAINS ALL AMER PIPE 5.150% 6/01/42 | 185 | 150 | |||||||||||||||
PRECISION CASTPARTS 3.900% 1/15/43 | 250 | 206 | |||||||||||||||
PRECISION CASTPARTS 4.375% 6/15/45 | 80 | 70 | |||||||||||||||
* | PRINCIPAL FINANCIAL 3.700% 5/15/29 | 105 | 97 | ||||||||||||||
PROGRESS ENERGY INC 7.000% 10/30/31 | 50 | 55 | |||||||||||||||
PROLOGIS LP 2.875% 11/15/29 | 90 | 78 | |||||||||||||||
PROLOGIS LP 3.250% 6/30/26 | 23 | 22 | |||||||||||||||
PROV ST JOSEPH HLTH 2.746% 10/01/26 | 28 | 26 | |||||||||||||||
PSI ENERGY INC 6.120% 10/15/35 | 50 | 51 | |||||||||||||||
PUBLIC SERVICE COLOR 3.550% 6/15/46 | 27 | 20 | |||||||||||||||
PUBLIC SERVICE ELECT 2.250% 9/15/26 | 70 | 64 | |||||||||||||||
PUBLIC SERVICE ENTER 2.875% 6/15/24 | 400 | 386 | |||||||||||||||
PUBLIC STORAGE 1.950% 11/09/28 | 124 | 106 | |||||||||||||||
PUBLIC STORAGE 2.250% 11/09/31 | 104 | 83 | |||||||||||||||
QUALCOMM INC 4.500% 5/20/52 | 115 | 101 | |||||||||||||||
QUANTA SERVICES INC 2.350% 1/15/32 | 200 | 152 | |||||||||||||||
RAYTHEON TECH CORP 2.375% 3/15/32 | 273 | 221 | |||||||||||||||
RAYTHEON TECH CORP 4.350% 4/15/47 | 17 | 14 | |||||||||||||||
REALTY INCOME CORP 1.800% 3/15/33 | 145 | 104 | |||||||||||||||
REGENCY CENTERS LP 2.950% 9/15/29 | 180 | 151 | |||||||||||||||
REGENCY CENTERS LP 4.125% 3/15/28 | 200 | 186 | |||||||||||||||
REGENERON PHARMACEUT 1.750% 9/15/30 | 290 | 224 | |||||||||||||||
ROGERS COMM CONTRA 4.550% 3/15/52 | 140 | 0 | |||||||||||||||
ROGERS COMM INC 4.550% 3/15/52 | 140 | 109 | |||||||||||||||
ROPER TECHNOLOGIES 2.000% 6/30/30 | 130 | 104 | |||||||||||||||
ROYAL BK SCOTLND GRP 4.800% 4/05/26 | 200 | 196 | |||||||||||||||
RYDER SYSTEM INC 1.750% 9/01/26 | 271 | 238 | |||||||||||||||
S&P GLOBAL INC 2.900% 3/01/32 | 151 | 129 | |||||||||||||||
SABINE PASS LIQUEFAC 4.500% 5/15/30 | 220 | 204 | |||||||||||||||
SABRA HEALTH CARE LP 3.200% 12/01/31 | 230 | 171 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
25
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
SAFEHOLD OPERATING 2.800% 6/15/31 | 245 | 188 | |||||||||||||||
SAN DIEGO G & E 2.950% 8/15/51 | 195 | 132 | |||||||||||||||
SAN DIEGO G & E 6.125% 9/15/37 | 80 | 81 | |||||||||||||||
SANTANDER CONV V-D 6.833% 11/21/26 | 200 | 203 | |||||||||||||||
SHELL INTERNATIONAL 5.500% 3/25/40 | 165 | 168 | |||||||||||||||
SOUTHERN CAL EDISON 3.650% 3/01/28 | 100 | 93 | |||||||||||||||
SOUTHERN CAL EDISON 4.050% 3/15/42 | 150 | 119 | |||||||||||||||
SOUTHERN CAL EDISON 4.125% 3/01/48 | 140 | 112 | |||||||||||||||
SOUTHERN CALIF EDISO 5.550% 1/15/36 | 100 | 92 | |||||||||||||||
SOUTHERN CALIF GAS 3.200% 6/15/25 | 150 | 145 | |||||||||||||||
SOUTHERN CO 3.250% 7/01/26 | 400 | 376 | |||||||||||||||
SOUTHERN CO GAS CAPI 3.150% 9/30/51 | 165 | 107 | |||||||||||||||
SOUTHERN CO GAS CAPI 3.950% 10/01/46 | 26 | 19 | |||||||||||||||
SOUTHERN POWER CO 5.150% 9/15/41 | 70 | 63 | |||||||||||||||
SOUTHWEST GAS CORP 3.800% 9/29/46 | 49 | 34 | |||||||||||||||
SOUTHWESTERN PUBLIC 4.500% 8/15/41 | 30 | 26 | |||||||||||||||
SPIRIT AIR 2017-1 PT 3.375% 2/15/30 | 58 | 50 | |||||||||||||||
STEEL DYNAMICS INC 1.650% 10/15/27 | 101 | 85 | |||||||||||||||
STELLANTIS FIN 5.625% 1/12/28 | 200 | 198 | |||||||||||||||
SUNOCO LOGISTICS PAR 3.900% 7/15/26 | 350 | 331 | |||||||||||||||
TAKEDA PHARMACEUTICA 3.025% 7/09/40 | 315 | 231 | |||||||||||||||
TAKEDA PHARMACEUTICA 3.175% 7/09/50 | 200 | 135 | |||||||||||||||
TAMPA ELECTRIC CO 4.450% 6/15/49 | 225 | 186 | |||||||||||||||
TARGA RES CORP 4.200% 2/01/33 | 80 | 69 | |||||||||||||||
TELEFONICA EMISIONES 4.665% 3/06/38 | 150 | 118 | |||||||||||||||
TEXAS HEALTH RESOURC 2.328% 11/15/50 | 200 | 114 | |||||||||||||||
THERMO FISHER SCIENT 2.000% 10/15/31 | 90 | 73 | |||||||||||||||
TIME WARNER CABLE IN 5.500% 9/01/41 | 200 | 166 | |||||||||||||||
TIME WARNER CABLE IN 5.875% 11/15/40 | 250 | 218 | |||||||||||||||
T-MOBILE USA INC 3.500% 4/15/25 | 350 | 336 | |||||||||||||||
TOLEDO EDISON COMPAN 6.150% 5/15/37 | 50 | 52 | |||||||||||||||
TOTAL CAPITAL INTL 2.986% 6/29/41 | 780 | 581 | |||||||||||||||
TOYOTA MOTOR CREDIT 3.375% 4/01/30 | 275 | 249 | |||||||||||||||
TRANS-CANADA PIPELIN 6.200% 10/15/37 | 60 | 61 | |||||||||||||||
TRI-STATE GENERATION 4.250% 6/01/46 | 37 | 27 | |||||||||||||||
TSMC GLOBAL LTD 4.625% 7/22/32 | 200 | 197 | |||||||||||||||
TUCSON ELECTRIC POWE 4.850% 12/01/48 | 125 | 107 | |||||||||||||||
TYSON FOODS INC 5.150% 8/15/44 | 80 | 74 | |||||||||||||||
UBS GROUP AG V-A 4.488% 5/12/26 | 355 | 347 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
26
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
UBS GROUP AG V-A 4.703% 8/05/27 | 200 | 193 | |||||||||||||||
UDR INC 2.100% 8/01/32 | 250 | 184 | |||||||||||||||
UDR INC 2.950% 9/01/26 | 32 | 29 | |||||||||||||||
UNION CARBIDE CORP 7.750% 10/01/96 | 110 | 123 | |||||||||||||||
UNION ELECTRIC CO 2.950% 6/15/27 | 50 | 47 | |||||||||||||||
UNITED AIR 2013-1 A 4.300% 2/15/27 | 151 | 140 | |||||||||||||||
UNITED AIR 2016-1 AA 3.100% 7/07/28 | 147 | 133 | |||||||||||||||
UNITED AIR 2016-1 B 3.650% 1/07/26 | 50 | 46 | |||||||||||||||
UNITED AIR 2016-2 A 3.100% 10/07/28 | 257 | 208 | |||||||||||||||
UNITED AIR 2018-1 A 3.700% 3/01/30 | 360 | 300 | |||||||||||||||
UNITED AIR 2018-1 AA 3.500% 3/01/30 | 155 | 133 | |||||||||||||||
UNITED AIR 2018-1 B 4.600% 3/01/26 | 127 | 116 | |||||||||||||||
UNITED AIR 2019-1 A 4.550% 8/25/31 | 232 | 195 | |||||||||||||||
UNITED AIR 2019-1 AA 4.150% 8/25/31 | 216 | 191 | |||||||||||||||
UNITED AIR 2020-1 A 5.875% 10/15/27 | 339 | 334 | |||||||||||||||
UNITED TECHNOLOGIES 3.750% 11/01/46 | 105 | 81 | |||||||||||||||
UNITEDHEALTH GROUP 3.250% 5/15/51 | 200 | 143 | |||||||||||||||
UNITEDHEALTH GROUP 4.625% 7/15/35 | 124 | 120 | |||||||||||||||
UNITEDHEALTH GRP INC 5.875% 2/15/53 | 105 | 113 | |||||||||||||||
UNIV OF SOUTHERN CAL 3.226% 10/01/20 | 200 | 116 | |||||||||||||||
UNIVERSAL HEALTH SVC 2.650% 10/15/30 | 17 | 14 | |||||||||||||||
US BANCORP V-D 5.727% 10/21/26 | 128 | 130 | |||||||||||||||
VALERO ENERGY CORP 2.150% 9/15/27 | 134 | 117 | |||||||||||||||
VALERO ENERGY CORP 7.500% 4/15/32 | 21 | 24 | |||||||||||||||
VENTAS REALTY LP 3.250% 10/15/26 | 25 | 23 | |||||||||||||||
VERISK ANALYTICS INC 3.625% 5/15/50 | 200 | 138 | |||||||||||||||
VERIZON COMMUNICATIO 3.550% 3/22/51 | 200 | 142 | |||||||||||||||
VIRGINIA ELEC & POWE 3.800% 9/15/47 | 50 | 38 | |||||||||||||||
VMWARE INC 1.400% 8/15/26 | 680 | 593 | |||||||||||||||
VODAFONE GROUP PLC 5.000% 5/30/38 | 300 | 276 | |||||||||||||||
VORNADO REALTY LP 3.500% 1/15/25 | 70 | 65 | |||||||||||||||
VR BANCO SANTANDER 1.722% 9/14/27 | 200 | 171 | |||||||||||||||
VR BANK OF AMERICA 1.734% 7/22/27 | 450 | 394 | |||||||||||||||
VR BANK OF AMERICA 1.898% 7/23/31 | 160 | 123 | |||||||||||||||
VR BANK OF AMERICA 2.087% 6/14/29 | 219 | 184 | |||||||||||||||
VR BANK OF AMERICA 2.572% 10/20/32 | 345 | 270 | |||||||||||||||
VR BANK OF AMERICA 2.676% 6/19/41 | 675 | 454 | |||||||||||||||
VR BANK OF AMERICA 3.970% 3/05/29 | 81 | 75 | |||||||||||||||
VR BANK OF AMERICA 3.974% 2/07/30 | 3,400 | 3,088 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
27
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
VR BANK OF AMERICA 4.330% 3/15/50 | 180 | 148 | |||||||||||||||
VR BANK OF MONTREAL 3.803% 12/15/32 | 67 | 59 | |||||||||||||||
VR BARCLAYS PLC 2.894% 11/24/32 | 200 | 152 | |||||||||||||||
VR CAPITAL ONE FINAN 1.878% 11/02/27 | 34 | 30 | |||||||||||||||
VR CITIGROUP INC 1.122% 1/28/27 | 500 | 436 | |||||||||||||||
VR CITIGROUP INC 2.520% 11/03/32 | 385 | 299 | |||||||||||||||
VR CITIGROUP INC 3.057% 1/25/33 | 133 | 107 | |||||||||||||||
VR CITIGROUP INC 3.668% 7/24/28 | 290 | 266 | |||||||||||||||
VR CITIGROUP INC 3.878% 1/24/39 | 50 | 41 | |||||||||||||||
VR CITIGROUP INC 4.412% 3/31/31 | 3,550 | 3,260 | |||||||||||||||
VR DEUTSCHE BANK NY 2.129% 11/24/26 | 220 | 194 | |||||||||||||||
VR DEUTSCHE BANK NY 2.222% 9/18/24 | 390 | 377 | |||||||||||||||
VR GOLDMAN SACHS 4.223% 5/01/29 | 1,260 | 1,174 | |||||||||||||||
VR GOLDMAN SACHS GRO 1.948% 10/21/27 | 61 | 53 | |||||||||||||||
VR GOLDMAN SACHS GRO 1.992% 1/27/32 | 400 | 305 | |||||||||||||||
VR GOLDMAN SACHS GRO 2.383% 7/21/32 | 290 | 225 | |||||||||||||||
VR GOLDMAN SACHS GRO 2.640% 2/24/28 | 234 | 208 | |||||||||||||||
VR GOLDMAN SACHS GRO 3.272% 9/29/25 | 500 | 482 | |||||||||||||||
VR GOLDMAN SACHS GRO 3.691% 6/05/28 | 639 | 594 | |||||||||||||||
VR HSBC HOLDINGS PLC 2.206% 8/17/29 | 220 | 178 | |||||||||||||||
VR HSBC HOLDINGS PLC 2.357% 8/18/31 | 320 | 245 | |||||||||||||||
* | VR JPMORGAN CHASE & 4.005% 4/23/29 | 2,485 | 2,299 | ||||||||||||||
* | VR JPMORGAN CHASE & 4.203% 7/23/29 | 600 | 559 | ||||||||||||||
VR LLOYDS BANKING GR 2.438% 2/05/26 | 300 | 279 | |||||||||||||||
VR MITSUBISHI UFJ FI 1.538% 7/20/27 | 310 | 269 | |||||||||||||||
VR MIZUHO FINANCIAL 1.234% 5/22/27 | 284 | 246 | |||||||||||||||
* | VR MORGAN STANLEY 1.794% 2/13/32 | 470 | 353 | ||||||||||||||
* | VR MORGAN STANLEY 2.475% 1/21/28 | 211 | 187 | ||||||||||||||
* | VR MORGAN STANLEY 3.622% 4/01/31 | 200 | 175 | ||||||||||||||
* | VR MORGAN STANLEY 4.431% 1/23/30 | 137 | 128 | ||||||||||||||
* | VR MORGAN STANLEY 4.457% 4/22/39 | 135 | 119 | ||||||||||||||
VR NORTHERN TRUST CO 3.375% 5/08/32 | 38 | 35 | |||||||||||||||
VR ROYAL BK SCOTLND 3.754% 11/01/29 | 236 | 219 | |||||||||||||||
VR ROYAL BK SCOTLND 4.445% 5/08/30 | 235 | 213 | |||||||||||||||
VR SANTANDER UK GROU 1.673% 6/14/27 | 270 | 230 | |||||||||||||||
VR WESTPAC BANKING 2.894% 2/04/30 | 250 | 229 | |||||||||||||||
VR WESTPAC BANKING 4.322% 11/23/31 | 120 | 113 | |||||||||||||||
WALT DISNEY COMPANY/ 7.625% 11/30/28 | 100 | 113 | |||||||||||||||
WASTE MANAGEMENT INC 4.150% 4/15/32 | 163 | 155 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
28
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
WELLS FARGO & COMPAN 4.300% 7/22/27 | 148 | 142 | |||||||||||||||
WELLS FARGO & COMPAN 4.900% 11/17/45 | 67 | 58 | |||||||||||||||
WELLS FARGO MTN V-D 4.808% 7/25/28 | 306 | 299 | |||||||||||||||
WELLTOWER INC 4.250% 4/01/26 | 100 | 97 | |||||||||||||||
WESTPAC BANKING CORP 3.133% 11/18/41 | 175 | 115 | |||||||||||||||
WISCONSIN ENERGY COR 3.550% 6/15/25 | 29 | 28 | |||||||||||||||
WORKDAY INC 3.500% 4/01/27 | 225 | 210 | |||||||||||||||
WP CAREY INC 2.450% 2/01/32 | 180 | 141 | |||||||||||||||
WP CAREY INC 4.250% 10/01/26 | 300 | 289 | |||||||||||||||
WW GRAINGER INC 4.600% 6/15/45 | 91 | 83 | |||||||||||||||
XCEL ENERGY INC 3.400% 6/01/30 | 200 | 178 | |||||||||||||||
XILINX INC 2.375% 6/01/30 | 584 | 491 | |||||||||||||||
YALE-NEW HAVEN HLTH 2.496% 7/01/50 | 210 | 126 | |||||||||||||||
ZOETIS INC 2.000% 5/15/30 | 190 | 154 | |||||||||||||||
Total Corporate Debt Instruments | $ | 91,974 | |||||||||||||||
Common Stocks | |||||||||||||||||
10X GENOMICS INC | 107 | 3,904 | |||||||||||||||
ACADEMY SPORTS & OUTDOORS INC | 27 | 1,403 | |||||||||||||||
ACCO BRANDS CORP | 169 | 947 | |||||||||||||||
ACI WORLDWIDE INC | 75 | 1,730 | |||||||||||||||
ADOBE INC | 11 | 3,649 | |||||||||||||||
ADTRAN HOLDINGS INC | 103 | 1,929 | |||||||||||||||
ADVANCE AUTO PTS INC | 13 | 1,911 | |||||||||||||||
AERCAP HOLDINGS NV | 85 | 4,948 | |||||||||||||||
AGCO CORP COM | 9 | 1,268 | |||||||||||||||
AIR LEASE CORP | 45 | 1,739 | |||||||||||||||
AIR PRODS & CHEMS INC COM | 39 | 12,114 | |||||||||||||||
AIRBNB INC | 58 | 4,918 | |||||||||||||||
ALASKA AIR GROUP INC | 59 | 2,522 | |||||||||||||||
ALBANY INTL CORP NEW CL A | 21 | 2,098 | |||||||||||||||
ALEXANDER & BALDWIN INC | 64 | 1,198 | |||||||||||||||
ALIGN TECHNOLOGY INC | 53 | 11,096 | |||||||||||||||
ALLEGRO MICROSYSTEMS INC | 31 | 919 | |||||||||||||||
ALLIANT ENERGY CORPORATION | 36 | 1,991 | |||||||||||||||
ALPHABET INC CL C | 86 | 7,634 | |||||||||||||||
ALTRIA GROUP INC | 155 | 7,077 | |||||||||||||||
AMAZON COM INC COM | 340 | 28,623 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
29
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
AMERICAN ASSETS TRUST INC | 70 | 1,848 | |||||||||||||||
* | AMERICAN EXPRESS CO | 4,427 | 654,158 | ||||||||||||||
AMERICAN TOWER CORP | 26 | 5,483 | |||||||||||||||
AMERICAN WOODMARK CORP COM | 23 | 1,145 | |||||||||||||||
AMERICOLD REALTY TRUST INC REIT | 64 | 1,806 | |||||||||||||||
ANTERO RESOURCES CORP | 27 | 837 | |||||||||||||||
APPLE INC | 114 | 14,819 | |||||||||||||||
ARAMARK | 63 | 2,612 | |||||||||||||||
ARGENX SE-ADR | 2 | 644 | |||||||||||||||
ARMSTRONG WORLD INDUSTRIES INC | 21 | 1,458 | |||||||||||||||
ASBURY AUTOMOTIVE GROUP INC | 3 | 556 | |||||||||||||||
ASCENDIS PHARMA A/S-ADR | 12 | 1,514 | |||||||||||||||
ASPEN TECHNOLOGY INC | 5 | 1,089 | |||||||||||||||
ASSURED GUARANTY LTD USD 1.0 | 24 | 1,500 | |||||||||||||||
ASTRAZENECA PLC ADR | 42 | 2,877 | |||||||||||||||
AT & T INC | 181 | 3,324 | |||||||||||||||
ATLANTIC UNION BANKSHARES CORP | 56 | 1,966 | |||||||||||||||
ATLASSIAN CORPORATION CL A | 94 | 12,072 | |||||||||||||||
ATRICURE INC | 23 | 1,030 | |||||||||||||||
AUTOLIV INC COM | 30 | 2,267 | |||||||||||||||
AXALTA COATING SYSTEMS LTD | 131 | 3,321 | |||||||||||||||
AXON ENTERPRISE INC | 5 | 763 | |||||||||||||||
AZEK CO INC/THE | 100 | 2,027 | |||||||||||||||
BANC OF CALIFORNIA INC | 88 | 1,399 | |||||||||||||||
BANK OF AMERICA CORP | 134 | 4,433 | |||||||||||||||
BAXTER INTL INC | 60 | 3,034 | |||||||||||||||
BELDEN INC | 24 | 1,748 | |||||||||||||||
BENTLEY SYSTEMS INC | 45 | 1,663 | |||||||||||||||
* | BERKSHIRE HATHAWAY INC. | 60 | 18,508 | ||||||||||||||
BJ'S WHOLESALE CLUB HOLDINGS | 27 | 1,786 | |||||||||||||||
* | BLACKROCK INC | 17 | 11,877 | ||||||||||||||
BLOCK INC CL A | 304 | 19,086 | |||||||||||||||
BOOZ ALLEN HAMILTON HOLDING CL A | 9 | 941 | |||||||||||||||
BOSTON SCIENTIFIC CORP COM | 75 | 3,464 | |||||||||||||||
BP PLC - ADR | 158 | 5,503 | |||||||||||||||
BRADY CORP | 9 | 444 | |||||||||||||||
BRIGHTVIEW HOLDINGS INC | 119 | 818 | |||||||||||||||
BRISTOL MYERS SQUIBB CO | 58 | 4,162 | |||||||||||||||
BROWN & BROWN INC | 21 | 1,213 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
30
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
BRP GROUP INC | 66 | 1,656 | |||||||||||||||
BRUNSWICK CORP | 22 | 1,550 | |||||||||||||||
CACI INTL INC FORMERLY CACI INC TO | 6 | 1,871 | |||||||||||||||
CACTUS INC | 20 | 1,005 | |||||||||||||||
CADENCE BANK | 55 | 1,348 | |||||||||||||||
CANADIAN NAT RES LTD | 51 | 2,810 | |||||||||||||||
CENTERSPACE | 22 | 1,301 | |||||||||||||||
CENTURY COMMUNITIES INC | 30 | 1,523 | |||||||||||||||
CHARLES RIVER LABORATORIES | 4 | 850 | |||||||||||||||
CHARTER COMMUNICATIONS INC-A | 16 | 5,297 | |||||||||||||||
CHEMED CORP NEW | 2 | 1,021 | |||||||||||||||
CHEVRON CORP | 84 | 15,041 | |||||||||||||||
CHORD ENERGY CORPORATION | 11 | 1,496 | |||||||||||||||
CINCINNATI FINANCIAL CORP | 60 | 6,103 | |||||||||||||||
CISCO SYSTEMS INC | 175 | 8,320 | |||||||||||||||
CITIGROUP INC. | 213 | 9,631 | |||||||||||||||
CLEAN HARBORS INC | 11 | 1,252 | |||||||||||||||
CLEARWATER ANALYTICS HLDGS INC | 34 | 645 | |||||||||||||||
CLOUDFLARE INC | 211 | 9,557 | |||||||||||||||
COGNEX CORP | 18 | 824 | |||||||||||||||
COMCAST CORP CLASS A | 153 | 5,342 | |||||||||||||||
CONAGRA BRANDS INC | 104 | 4,031 | |||||||||||||||
CONCENTRIX CORP | 13 | 1,795 | |||||||||||||||
CONOCOPHILLIPS | 53 | 6,238 | |||||||||||||||
COOPER COS INC COM NEW | 7 | 2,197 | |||||||||||||||
CORPORATE OFFICE PROPERTIES COM | 73 | 1,889 | |||||||||||||||
COSTAR GROUP, INC | 251 | 19,432 | |||||||||||||||
COSTCO WHOLESALE CORP | 9 | 4,266 | |||||||||||||||
CROWDSTRIKE HOLDINGS INC | 21 | 2,183 | |||||||||||||||
CROWN CASTLE INC REIT | 69 | 9,347 | |||||||||||||||
CROWN HLDGS INC | 46 | 3,792 | |||||||||||||||
CTS CORP | 36 | 1,411 | |||||||||||||||
CULLEN FROST BANKERS INC COM | 18 | 2,355 | |||||||||||||||
CVS HEALTH CORPORATION | 61 | 5,658 | |||||||||||||||
CYBER-ARK SOFTWARE LTD/ISRAE | 8 | 985 | |||||||||||||||
D R HORTON INC COM | 30 | 2,711 | |||||||||||||||
DATADOG INC | 127 | 9,321 | |||||||||||||||
DECKERS OUTDOOR CORP | 4 | 1,673 | |||||||||||||||
DELTA AIR LINES INC | 118 | 3,889 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
31
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
DENTSPLY SIRONA INC | 88 | 2,816 | |||||||||||||||
DEXCOM INC | 300 | 33,908 | |||||||||||||||
DIAGEO PLC - ADR | 56 | 10,059 | |||||||||||||||
DIAMONDBACK ENERGY INC | 16 | 2,128 | |||||||||||||||
DOMINION ENERGY INC | 138 | 8,464 | |||||||||||||||
DOORDASH INC | 151 | 7,370 | |||||||||||||||
DRIVEN BRANDS HOLDINGS INC | 67 | 1,830 | |||||||||||||||
DUPONT DE NEMOURS INC | 59 | 4,048 | |||||||||||||||
EAGLE MATLS INC | 16 | 2,157 | |||||||||||||||
EASTERN BANKSHARES INC | 84 | 1,443 | |||||||||||||||
ECOVYST INC | 253 | 2,243 | |||||||||||||||
EDISON INTL COM | 66 | 4,192 | |||||||||||||||
EDWARDS LIFESCIENCES CORP | 81 | 6,058 | |||||||||||||||
ELASTIC NV | 12 | 618 | |||||||||||||||
ELEMENT SOLUTIONS INC | 114 | 2,071 | |||||||||||||||
EMCOR GROUP INC COM | 12 | 1,822 | |||||||||||||||
ENCOMPASS HEALTH CORP | 22 | 1,286 | |||||||||||||||
ENCORE WIRE CORP | 7 | 932 | |||||||||||||||
ENPHASE ENERGY INC | 11 | 3,013 | |||||||||||||||
ENTEGRIS INC | 12 | 754 | |||||||||||||||
ENVISTA HOLDINGS CORP | 33 | 1,104 | |||||||||||||||
EPLUS INC | 27 | 1,204 | |||||||||||||||
ESAB CORP | 49 | 2,303 | |||||||||||||||
FASTENAL CO | 152 | 7,215 | |||||||||||||||
FEDEX CORPORATION | 27 | 4,669 | |||||||||||||||
FIDELITY NATL INFORMATION SVCS INC | 151 | 10,250 | |||||||||||||||
FIRST CTZNS BANCSHARES INC CL A | 3 | 1,900 | |||||||||||||||
FIRST INDL RLTY TR INC COM | 37 | 1,773 | |||||||||||||||
FIRST INTERSTATE BANCSYSTEM IN | 34 | 1,321 | |||||||||||||||
FIRSTENERGY CORP COM | 109 | 4,584 | |||||||||||||||
FIVE BELOW INC | 9 | 1,623 | |||||||||||||||
FLOOR & DECOR HOLDINGS INC | 136 | 9,495 | |||||||||||||||
FLYWIRE CORP | 32 | 788 | |||||||||||||||
FMC CORP COM NEW | 8 | 1,061 | |||||||||||||||
FOCUS FINANCIAL PARTNERS INC | 27 | 1,021 | |||||||||||||||
FORTUNE BRANDS INNOVATIONS INC | 19 | 1,087 | |||||||||||||||
FULLER H B CO | 19 | 1,372 | |||||||||||||||
GATX CORP | 15 | 1,614 | |||||||||||||||
GENERAL MOTORS CO | 138 | 4,630 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
32
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
GENTHERM INC | 8 | 520 | |||||||||||||||
GFL ENVIRONMENTAL INC-SUB VT | 80 | 2,338 | |||||||||||||||
GLOBAL PMTS INC W/I | 37 | 3,719 | |||||||||||||||
GLOBAL-E ONLINE LTD | 19 | 392 | |||||||||||||||
GSK PLC SPONS ADR | 107 | 3,749 | |||||||||||||||
GUARDANT HEALTH INC | — | 0 | |||||||||||||||
HAEMONETICS CORP MASS | 18 | 1,391 | |||||||||||||||
HALEON PLC SPONS ADR | 405 | 3,240 | |||||||||||||||
HAMILTON LANE INC | 29 | 1,846 | |||||||||||||||
HANCOCK WHITNEY CORP | 37 | 1,777 | |||||||||||||||
HEALTHEQUITY INC | 9 | 561 | |||||||||||||||
HENRY JACK & ASSOC INC COM | 6 | 1,018 | |||||||||||||||
HEXCEL CORP NEW COM | 62 | 3,673 | |||||||||||||||
HOME DEPOT INC | 13 | 4,117 | |||||||||||||||
HORIZON THERAPEUTICS PLC | 37 | 4,198 | |||||||||||||||
HOSTESS BRANDS INC | 75 | 1,687 | |||||||||||||||
HOULIHAN LOKEY INC | 8 | 698 | |||||||||||||||
HOWARD HUGHES CORP/THE | 27 | 2,052 | |||||||||||||||
HUBBELL INCORPORATED | 8 | 1,911 | |||||||||||||||
HURON CONSULTING GROUP INC | 24 | 1,758 | |||||||||||||||
ICF INTERNATIONAL INC | 12 | 1,218 | |||||||||||||||
ICU MED INC COM | 10 | 1,653 | |||||||||||||||
IDACORP INC | 18 | 1,888 | |||||||||||||||
INGREDION INC | 28 | 2,743 | |||||||||||||||
INNOVATIVE INDUSTRIAL PROPER | 8 | 861 | |||||||||||||||
INSPIRE MEDICAL SYSTEMS INC | 5 | 1,159 | |||||||||||||||
INTEGER HOLDINGS CORP | 32 | 2,198 | |||||||||||||||
INTEGRA LIFESCIENCES HOLDING | 44 | 2,472 | |||||||||||||||
INTEGRAL AD SCIENCE HOLDING CO | 68 | 593 | |||||||||||||||
INTERNATIONAL BANCSHARES CRP | 31 | 1,419 | |||||||||||||||
INTERNATIONAL GENERAL INSURANC | 132 | 1,056 | |||||||||||||||
INTRA-CELLULAR THERAPIES INC | 19 | 1,005 | |||||||||||||||
INTUIT COM | 39 | 15,220 | |||||||||||||||
IQVIA HOLDINGS INC | 21 | 4,229 | |||||||||||||||
ITT INC | 19 | 1,541 | |||||||||||||||
IVERIC BIO INC | 31 | 672 | |||||||||||||||
J & J SNACK FOODS CORP | 12 | 1,853 | |||||||||||||||
JAZZ PHARMACEUTICALS PLC | 24 | 3,877 | |||||||||||||||
JFROG LTD | 34 | 723 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
33
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
JOHN BEAN TECHNOLOGIES CORP | 12 | 1,118 | |||||||||||||||
JOHNSON & JOHNSON | 90 | 15,862 | |||||||||||||||
* | JPMORGAN CHASE & CO | 59 | 7,900 | ||||||||||||||
KEMPER CORP | 41 | 2,005 | |||||||||||||||
KIMCO REALTY CORP REIT | 49 | 1,047 | |||||||||||||||
KONTOOR BRANDS INC | 48 | 1,913 | |||||||||||||||
KROGER CO | 110 | 4,910 | |||||||||||||||
LAM RESEARCH CORP COM | 26 | 11,098 | |||||||||||||||
LATTICE SEMICONDUCTOR CORP | 22 | 1,410 | |||||||||||||||
LEGEND BIOTECH CORP-ADR | 23 | 1,148 | |||||||||||||||
LEONARDO DRS INC | 12 | 158 | |||||||||||||||
LESLIE'S INC | 58 | 714 | |||||||||||||||
LITHIA MOTORS INC CL A COM | 11 | 2,264 | |||||||||||||||
LOWES COS INC | 56 | 11,114 | |||||||||||||||
LUXFER HOLDINGS PLC | 72 | 989 | |||||||||||||||
LXP INDUSTRIAL TRUST REIT | 94 | 944 | |||||||||||||||
MACOM TECHNOLOGY SOLUTIONS H | 16 | 995 | |||||||||||||||
MAGNA INTL INC CL A | 34 | 1,938 | |||||||||||||||
MAGNOLIA OIL & GAS CORP CL A | 80 | 1,865 | |||||||||||||||
MARRIOTT VACATIONS WORLDWIDE C | 9 | 1,238 | |||||||||||||||
MASTERCARD INC | 14 | 4,985 | |||||||||||||||
MATADOR RESOURCES CO | 30 | 1,729 | |||||||||||||||
MATCH GROUP INC NEW | 207 | 8,605 | |||||||||||||||
MATIV HOLDINGS INC | 82 | 1,716 | |||||||||||||||
MEDTRONIC PLC | 45 | 3,513 | |||||||||||||||
MERCK & CO INC NEW | 103 | 11,470 | |||||||||||||||
MERIT MEDICAL SYS INC | 23 | 1,603 | |||||||||||||||
META PLATFORMS INC CL A | 64 | 7,719 | |||||||||||||||
MICRON TECHNOLOGY INC | 40 | 2,006 | |||||||||||||||
MICROSOFT CORP | 64 | 15,312 | |||||||||||||||
MIDDLEBY CORP | 6 | 823 | |||||||||||||||
MONRO INC | 39 | 1,743 | |||||||||||||||
MOOG INC CL A | 25 | 2,150 | |||||||||||||||
MYT NETHERLANDS PARENT BV ADR | 34 | 303 | |||||||||||||||
NATIONAL INSTRS CORP COM | 39 | 1,430 | |||||||||||||||
NATIONAL RETAIL PPTYS INC | 21 | 957 | |||||||||||||||
NATIONAL STORAGE AFFILIATES TR | 32 | 1,145 | |||||||||||||||
NATIONAL VISION HOLDINGS INC | 46 | 1,764 | |||||||||||||||
NESTLE S.A. REGISTERED SHARES - ADR | 58 | 6,703 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
34
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
NETFLIX INC | 59 | 17,375 | |||||||||||||||
NEW JERSEY RES CORP | 25 | 1,260 | |||||||||||||||
NEW RELIC INC | 15 | 847 | |||||||||||||||
NEW YORK CMNTY BANCORP INC | 382 | 3,281 | |||||||||||||||
NEWMONT CORP | 65 | 3,074 | |||||||||||||||
NICE LTD - SPON ADR | 9 | 1,808 | |||||||||||||||
NIKE INC CL B | 29 | 3,413 | |||||||||||||||
NINTENDO CO., LTD. - ADR | 548 | 5,711 | |||||||||||||||
NMI HOLDINGS INC | 67 | 1,399 | |||||||||||||||
NORFOLK SOUTHERN CORP | 34 | 8,278 | |||||||||||||||
NORTHWESTERN CORP | 34 | 2,019 | |||||||||||||||
NVIDIA CORP | 89 | 13,032 | |||||||||||||||
ONTO INNOVATION INC | 17 | 1,186 | |||||||||||||||
ORION ENGINEERED CARBONS SA | 56 | 1,000 | |||||||||||||||
OWENS & MINOR INC COM | 50 | 980 | |||||||||||||||
PAPA JOHNS INTL INC COM | 24 | 1,960 | |||||||||||||||
PARAGON 28 INC | 36 | 678 | |||||||||||||||
PAYCHEX INC | 77 | 8,926 | |||||||||||||||
PAYLOCITY HOLDING CORP | 9 | 1,709 | |||||||||||||||
PAYPAL HOLDINGS INC | 29 | 2,100 | |||||||||||||||
PDC ENERGY INC | 28 | 1,781 | |||||||||||||||
PEBBLEBROOK HOTEL TRUST | 102 | 1,370 | |||||||||||||||
PERELLA WEINBERG PARTNERS | 200 | 1,960 | |||||||||||||||
PERFICIENT INC | 12 | 830 | |||||||||||||||
PERFORMANCE FOOD GROUP CO | 21 | 1,238 | |||||||||||||||
PFIZER INC | 283 | 14,525 | |||||||||||||||
PHILIP MORRIS INTERNATIONAL IN | 69 | 7,033 | |||||||||||||||
PHILLIPS EDISON & CO INC | 47 | 1,486 | |||||||||||||||
PINNACLE FINL PARTNERS INC | 26 | 1,900 | |||||||||||||||
PJT PARTNERS INC | 12 | 862 | |||||||||||||||
PLANET FITNESS INC | 17 | 1,363 | |||||||||||||||
POOL CORPORATION | 3 | 1,034 | |||||||||||||||
PORTLAND GEN ELEC CO | 24 | 1,187 | |||||||||||||||
POST HOLDINGS INC | 12 | 1,097 | |||||||||||||||
POTLATCHDELTIC CORP | 32 | 1,390 | |||||||||||||||
POWERSCHOOL HOLDINGS INC | 84 | 1,943 | |||||||||||||||
PREMIER INC | 26 | 922 | |||||||||||||||
PROASSURANCE CORPORATION | 138 | 2,405 | |||||||||||||||
PROGRESS SOFTWARE CORP | 42 | 2,113 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
35
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
PROGRESSIVE CORP OHIO | 96 | 12,477 | |||||||||||||||
PTC THERAPEUTICS INC | 21 | 802 | |||||||||||||||
PULTE GRP INC | 60 | 2,742 | |||||||||||||||
RADIUS GLOBAL INFRASTRUCTURE I | 155 | 1,837 | |||||||||||||||
RAMBUS INC DEL COM | 38 | 1,376 | |||||||||||||||
REGAL REXNORD CORP | 7 | 888 | |||||||||||||||
REINSURANCE GROUP AMER CLASS A NEW | 32 | 4,557 | |||||||||||||||
RENAISSANCERE HOLDINGS COM | 14 | 2,462 | |||||||||||||||
ROYAL DUTCH SHELL PLC ADR | 84 | 4,796 | |||||||||||||||
RPM INTERNATIONAL INC | 7 | 682 | |||||||||||||||
RPT REALTY | 171 | 1,720 | |||||||||||||||
S&P GLOBAL INC | 17 | 5,628 | |||||||||||||||
SAIA INC | 4 | 902 | |||||||||||||||
SALESFORCE INC | 28 | 3,748 | |||||||||||||||
SAREPTA THERAPEUTICS INC | 70 | 9,130 | |||||||||||||||
* | SCHWAB CHARLES CORP NEW | 111 | 9,225 | ||||||||||||||
SCIENCE APPLICATIONS INTERNATI | 22 | 2,463 | |||||||||||||||
SEA LTD-ADR | 128 | 6,652 | |||||||||||||||
SEACOAST BANKING CORP/FL | 76 | 2,364 | |||||||||||||||
SEALED AIR CORP COM | 43 | 2,120 | |||||||||||||||
SERVICENOW INC | 88 | 34,173 | |||||||||||||||
SHOCKWAVE MEDICAL INC | 2 | 473 | |||||||||||||||
SHOPIFY INC - A W/I | 385 | 13,368 | |||||||||||||||
SHUTTERSTOCK INC | 29 | 1,531 | |||||||||||||||
SIGNATURE BANK | 4 | 495 | |||||||||||||||
SILK ROAD MEDICAL INC | 30 | 1,580 | |||||||||||||||
SIRIUSPOINT LTD | 145 | 856 | |||||||||||||||
SITIO ROYALTIES CORP CL A | 56 | 1,615 | |||||||||||||||
SM ENERGY CO | 22 | 777 | |||||||||||||||
SMARTSHEET INC | 22 | 854 | |||||||||||||||
SMITH A O CORP CL B | 19 | 1,105 | |||||||||||||||
SNOWFLAKE INC | 89 | 12,855 | |||||||||||||||
SONOS INC | 44 | 751 | |||||||||||||||
SPECTRUM BRANDS HLDGS INC NEW | 21 | 1,273 | |||||||||||||||
SPIRE INC | 12 | 818 | |||||||||||||||
SPROUT SOCIAL INC | 12 | 678 | |||||||||||||||
STARBUCKS CORP COM | 111 | 11,009 | |||||||||||||||
STERLING CHECK CORP | 70 | 1,089 | |||||||||||||||
SYNAPTICS INC | 10 | 952 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
36
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
SYNEOS HEALTH INC | 87 | 3,190 | |||||||||||||||
SYNOVUS FINANCIAL CORP | 37 | 1,404 | |||||||||||||||
TARGET CORP | 68 | 10,186 | |||||||||||||||
TERADYNE INC | 40 | 3,467 | |||||||||||||||
TETRA TECH INC NEW | 7 | 987 | |||||||||||||||
TEXAS CAP BANCSHARES INC | 31 | 1,866 | |||||||||||||||
TEXAS INSTRUMENTS INC | 79 | 13,017 | |||||||||||||||
TEXAS ROADHOUSE, INC COMMON STOCK | 20 | 1,832 | |||||||||||||||
THERMON GROUP HOLDINGS INC | 57 | 1,138 | |||||||||||||||
T-MOBILE US INC | 69 | 9,604 | |||||||||||||||
TOPGOLF CALLAWAY BRANDS CORP | 98 | 1,934 | |||||||||||||||
TRADE DESK INC/THE | 56 | 2,531 | |||||||||||||||
TRANSUNION | 40 | 2,248 | |||||||||||||||
TRI POINTE HOMES INC | 85 | 1,571 | |||||||||||||||
TRIMAS CORP | 83 | 2,309 | |||||||||||||||
TRIUMPH FINANCIAL INC | 17 | 813 | |||||||||||||||
TYLER TECHNOLOGIES INC | 6 | 1,994 | |||||||||||||||
TYSON FOODS INC CL A DEL | 52 | 3,253 | |||||||||||||||
UBER TECHNOLOGIES INC | 496 | 12,273 | |||||||||||||||
UGI CORP NEW COM | 99 | 3,685 | |||||||||||||||
ULTA BEAUTY, INC | 7 | 3,466 | |||||||||||||||
UNIFIRST CORP MASS | 9 | 1,819 | |||||||||||||||
UNITED NAT FOODS INC | 36 | 1,413 | |||||||||||||||
UNITED PARCEL SERVICE-CL B | 60 | 10,497 | |||||||||||||||
URBAN EDGE PROPERTIES-W/I | 116 | 1,632 | |||||||||||||||
VAIL RESORTS INC COM | 5 | 1,263 | |||||||||||||||
VERIZON COMMUNICATIONS | 192 | 7,560 | |||||||||||||||
VERTIV HOLDINGS LLC CL A | 103 | 1,411 | |||||||||||||||
VIATRIS INC | 189 | 2,103 | |||||||||||||||
VIAVI SOLUTIONS INC | 131 | 1,377 | |||||||||||||||
VISA INC-CLASS A SHRS | 195 | 40,524 | |||||||||||||||
VISTEON CORP/NEW | 17 | 2,233 | |||||||||||||||
VONTIER CORP | 160 | 3,101 | |||||||||||||||
VOYA FINANCIAL INC | 15 | 948 | |||||||||||||||
WALT DISNEY CO | 69 | 6,030 | |||||||||||||||
WARNER MUSIC GROUP CORP | 348 | 12,195 | |||||||||||||||
WEBSTER FINL CORP WATERBURY CONN | 27 | 1,284 | |||||||||||||||
WELLS FARGO & CO | 119 | 4,901 | |||||||||||||||
WESTROCK CO | 53 | 1,868 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
37
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
WEX INC | 8 | 1,391 | |||||||||||||||
WHITE MTNS INS GROUP | 1 | 1,588 | |||||||||||||||
WIDEOPENWEST INC | 76 | 694 | |||||||||||||||
* | WILLIS TOWERS WATSON PUB LTDCO | 20 | 4,795 | ||||||||||||||
WINTRUST FINL CORP | 23 | 1,921 | |||||||||||||||
WNS HOLDINGS LTD ADR | 44 | 3,537 | |||||||||||||||
WORKIVA INC | 16 | 1,302 | |||||||||||||||
WYNDHAM HOTELS & RESORTS INC | 15 | 1,100 | |||||||||||||||
YETI HOLDINGS INC | 17 | 702 | |||||||||||||||
ZEBRA TECHNOLOGIES CORP CL A | 10 | 2,679 | |||||||||||||||
ZIFF DAVIS INC | 20 | 1,571 | |||||||||||||||
ZOETIS INC | 28 | 4,145 | |||||||||||||||
ZURN ELKAY WATER SOLUTIONS CORP | 66 | 1,398 | |||||||||||||||
Total Common Stocks | $ | 1,955,034 | |||||||||||||||
U.S. Government and Agency Obligations | |||||||||||||||||
FHLMC PL #841090 2.862% 10/01/46 | 254 | 254 | |||||||||||||||
FHLMC PL #SD1100 2.500% 5/01/52 | 276 | 236 | |||||||||||||||
FHLMC PL #SD1217 2.000% 3/01/52 | 415 | 340 | |||||||||||||||
FHLMC PL #SD1658 2.500% 4/01/52 | 1,888 | 1,602 | |||||||||||||||
FHLMC PL #SD8219 2.500% 6/01/52 | 1,506 | 1,276 | |||||||||||||||
FHLMC PL #SD8265 4.000% 11/01/52 | 2,090 | 1,960 | |||||||||||||||
FHLMC PL #WA1626 3.450% 8/01/32 | 1,022 | 944 | |||||||||||||||
FHLMC POOL #G60722 3.000% 10/01/46 | 337 | 302 | |||||||||||||||
FHLMC POOL #J36413 3.000% 2/01/32 | 845 | 805 | |||||||||||||||
FHLMC POOL #Q42018 3.500% 7/01/46 | 169 | 157 | |||||||||||||||
FHLMC POOL #QD0878 2.500% 11/01/51 | 1,359 | 1,162 | |||||||||||||||
FHLMC POOL #RB5039 3.500% 3/01/40 | 1,196 | 1,117 | |||||||||||||||
FHLMC POOL #SB0378 3.500% 4/01/34 | 516 | 497 | |||||||||||||||
FHLMC POOL #SD0397 2.500% 7/01/50 | 1,235 | 1,064 | |||||||||||||||
FHLMC POOL #SD8037 2.500% 1/01/50 | 1,171 | 1,001 | |||||||||||||||
FHLMC POOL #SD8194 2.500% 1/01/52 | 1,838 | 1,558 | |||||||||||||||
FHLMC POOL #ZA5297 4.000% 3/01/48 | 222 | 211 | |||||||||||||||
FHLMC POOL #ZM0724 4.000% 1/01/46 | 715 | 684 | |||||||||||||||
FHLMC POOL #ZM6956 4.500% 6/01/48 | 770 | 756 | |||||||||||||||
FHLMC POOL #ZS4735 3.500% 9/01/47 | 331 | 302 | |||||||||||||||
FNMA #BM6347 V-M 2.883% 2/01/41 | 278 | 281 | |||||||||||||||
FNMA PL #BM7037 V-M 1.754% 3/01/32 | 900 | 725 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
38
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FNMA PL #BS3634 1.770% 11/01/31 | 1,000 | 800 | |||||||||||||||
FNMA PL #BS4030 1.960% 1/01/32 | 1,200 | 985 | |||||||||||||||
FNMA PL #BS4525 1.940% 1/01/32 | 1,000 | 810 | |||||||||||||||
FNMA PL #BS4563 2.010% 1/01/32 | 1,000 | 819 | |||||||||||||||
FNMA PL #BS4654 2.390% 3/01/32 | 888 | 756 | |||||||||||||||
FNMA PL #BS6258 3.700% 8/01/32 | 900 | 846 | |||||||||||||||
FNMA PL #BS6339 3.800% 9/01/32 | 673 | 637 | |||||||||||||||
FNMA PL #BS6742 3.585% 11/01/29 | 1,307 | 1,239 | |||||||||||||||
FNMA PL #BV5578 3.000% 5/01/52 | 1,491 | 1,308 | |||||||||||||||
FNMA PL #CA5702 2.500% 5/01/50 | 815 | 698 | |||||||||||||||
FNMA PL #CA5969 2.500% 6/01/50 | 281 | 241 | |||||||||||||||
FNMA PL #CA6635 2.500% 8/01/50 | 382 | 329 | |||||||||||||||
FNMA PL #CA7743 2.500% 11/01/50 | 1,505 | 1,275 | |||||||||||||||
FNMA PL #CB2097 3.000% 11/01/51 | 2,216 | 1,946 | |||||||||||||||
FNMA PL #CB2857 2.500% 2/01/52 | 288 | 246 | |||||||||||||||
FNMA PL #FM3041 5.500% 8/01/49 | 192 | 196 | |||||||||||||||
FNMA PL #FM8216 4.000% 11/01/48 | 313 | 300 | |||||||||||||||
FNMA PL #FM8603 4.000% 9/01/49 | 186 | 177 | |||||||||||||||
FNMA PL #FS0795 3.000% 1/01/42 | 1,031 | 929 | |||||||||||||||
FNMA PL #FS1507 3.000% 2/01/52 | 2,256 | 1,980 | |||||||||||||||
FNMA PL #FS1590 2.500% 4/01/52 | 352 | 299 | |||||||||||||||
FNMA PL #FS1938 2.500% 2/01/52 | 400 | 341 | |||||||||||||||
FNMA PL #MA4623 2.500% 5/01/52 | 2,231 | 1,890 | |||||||||||||||
FNMA PL #MA4782 3.500% 10/01/52 | 1,437 | 1,305 | |||||||||||||||
FNMA PL #MA4783 4.000% 10/01/52 | 2,031 | 1,905 | |||||||||||||||
FNMA POOL #AM7514 3.070% 2/01/25 | 2,900 | 2,799 | |||||||||||||||
FNMA POOL #AM7901 3.360% 2/01/30 | 86 | 80 | |||||||||||||||
FNMA POOL #AM8572 2.750% 4/01/25 | 3,378 | 3,232 | |||||||||||||||
FNMA POOL #AM8856 2.920% 6/01/30 | 4,417 | 3,998 | |||||||||||||||
FNMA POOL #AM9491 3.550% 8/01/30 | 119 | 111 | |||||||||||||||
FNMA POOL #AM9567 2.970% 7/01/24 | 1,337 | 1,294 | |||||||||||||||
FNMA POOL #AN5935 3.130% 7/01/27 | 910 | 859 | |||||||||||||||
FNMA POOL #AN6026 2.980% 6/01/27 | 753 | 706 | |||||||||||||||
FNMA POOL #AN6850 3.220% 9/01/32 | 1,000 | 881 | |||||||||||||||
FNMA POOL #AN7596 3.160% 6/01/30 | 1,309 | 1,208 | |||||||||||||||
FNMA POOL #AS5469 4.000% 7/01/45 | 966 | 925 | |||||||||||||||
FNMA POOL #AS8984 4.500% 3/01/47 | 273 | 268 | |||||||||||||||
FNMA POOL #BK8753 4.500% 6/01/49 | 287 | 279 | |||||||||||||||
FNMA POOL #BL0907 3.880% 12/01/28 | 1,350 | 1,308 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
39
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FNMA POOL #BL3217 3.330% 7/01/34 | 2,198 | 1,985 | |||||||||||||||
FNMA POOL #BL4333 2.520% 11/01/29 | 1,445 | 1,282 | |||||||||||||||
FNMA POOL #BL4791 2.710% 11/01/29 | 999 | 900 | |||||||||||||||
FNMA POOL #BL5353 2.715% 6/01/28 | 1,959 | 1,797 | |||||||||||||||
FNMA POOL #BM3375 4.000% 1/01/48 | 518 | 496 | |||||||||||||||
FNMA POOL #BM3499 4.000% 3/01/48 | 1,545 | 1,474 | |||||||||||||||
FNMA POOL #BR0999 2.500% 5/01/51 | 2,318 | 1,964 | |||||||||||||||
FNMA POOL #BU0992 3.000% 11/01/51 | 1,309 | 1,170 | |||||||||||||||
FNMA POOL #BU0993 3.000% 11/01/51 | 1,336 | 1,191 | |||||||||||||||
FNMA POOL #FM1000 3.000% 4/01/47 | 91 | 81 | |||||||||||||||
FNMA POOL #FM1218 3.500% 7/01/34 | 134 | 129 | |||||||||||||||
FNMA POOL #FM2096 3.500% 11/01/49 | 1,738 | 1,597 | |||||||||||||||
FNMA POOL #FM5819 4.000% 2/01/48 | 394 | 374 | |||||||||||||||
FNMA POOL #FM7372 3.500% 4/01/40 | 1,352 | 1,263 | |||||||||||||||
FNMA POOL #FM8599 3.500% 1/01/35 | 497 | 479 | |||||||||||||||
FNMA POOL #FM8968 3.000% 4/01/48 | 270 | 245 | |||||||||||||||
FNMA POOL #FM9427 4.000% 7/01/49 | 650 | 621 | |||||||||||||||
FNMA POOL #FM9461 3.500% 11/01/51 | 443 | 404 | |||||||||||||||
FNMA POOL #FM9473 3.000% 8/01/41 | 1,651 | 1,498 | |||||||||||||||
FNMA POOL #FM9559 3.000% 1/01/40 | 1,753 | 1,587 | |||||||||||||||
FNMA POOL #FM9728 2.500% 11/01/51 | 408 | 348 | |||||||||||||||
FNMA POOL #FM9995 4.000% 9/01/41 | 1,296 | 1,226 | |||||||||||||||
FNMA POOL #FS0569 3.500% 3/01/42 | 2,257 | 2,118 | |||||||||||||||
FNMA POOL #MA3683 3.500% 6/01/39 | 1,442 | 1,347 | |||||||||||||||
FNMA POOL #MA4208 2.000% 11/01/50 | 1,311 | 1,072 | |||||||||||||||
FNMA POOL #MA4305 2.000% 3/01/51 | 405 | 331 | |||||||||||||||
FNMA POOL #MA4306 2.500% 3/01/51 | 797 | 677 | |||||||||||||||
GNMA II #CA0265 V- 3.03001% 12/20/70 | 1,190 | 1,065 | |||||||||||||||
GNMA II POOL #MA7534 2.500% 8/20/51 | 3,798 | 3,299 | |||||||||||||||
GNMA II POOL #MA7649 2.500% 10/20/51 | 969 | 841 | |||||||||||||||
GNMA POOL #784044 4.990% 11/20/37 | 984 | 979 | |||||||||||||||
GNMA POOL #784045 4.500% 7/20/45 | 465 | 457 | |||||||||||||||
GNMA POOL #784602 4.000% 5/20/38 | 798 | 761 | |||||||||||||||
GNMA POOL #BA7567 4.500% 5/20/48 | 174 | 169 | |||||||||||||||
GNMA POOL #BI0416 4.500% 11/20/48 | 237 | 232 | |||||||||||||||
GNMA POOL #BJ1318 5.000% 5/20/49 | 677 | 690 | |||||||||||||||
GNMA POOL #BK7169 5.000% 12/20/48 | 231 | 233 | |||||||||||||||
GNMA POOL #BL7729 5.000% 5/20/49 | 416 | 426 | |||||||||||||||
GNMA POOL #BM9692 4.500% 7/20/49 | 512 | 498 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
40
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
RFCSP STRIP PRINCIPAL 1/15/30 | 500 | 365 | |||||||||||||||
TENN VAL AUTH CPN STRIP 3/15/32 | 300 | 194 | |||||||||||||||
TENN VALLEY AUTH 4.250% 9/15/65 | 124 | 108 | |||||||||||||||
TENN VALLEY AUTH 4.625% 9/15/60 | 70 | 65 | |||||||||||||||
TREAS INFL IND BD 0.125% 1/15/30 | 397 | 357 | |||||||||||||||
TVA PRIN STRIP 6/15/35 | 500 | 280 | |||||||||||||||
U.S. TREASURY BONDS 2.250% 2/15/52 | 7,070 | 4,916 | |||||||||||||||
U.S. TREASURY BONDS 3.000% 8/15/52 | 333 | 274 | |||||||||||||||
U.S. TREASURY BONDS 3.375% 8/15/42 | 291 | 260 | |||||||||||||||
U.S. TREASURY NOTES 2.750% 5/31/29 | 2,430 | 2,258 | |||||||||||||||
U.S. TREASURY NOTES 2.750% 8/15/32 | 1,572 | 1,431 | |||||||||||||||
U.S. TREASURY NOTES 2.875% 4/30/29 | 3,320 | 3,109 | |||||||||||||||
U.S. TREASURY NOTES 2.875% 5/15/32 | 1,740 | 1,603 | |||||||||||||||
U.S. TREASURY NOTES 3.125% 8/31/27 | 1,133 | 1,090 | |||||||||||||||
US TREAS SEC STRIPPED | 300 | 206 | |||||||||||||||
US TREAS SEC STRIPPED 5/15/33 | 900 | 591 | |||||||||||||||
US TREAS SEC STRIPPED 11/15/32 | 1,000 | 669 | |||||||||||||||
US TREAS SEC STRIPPED 11/15/33 | 900 | 577 | |||||||||||||||
US TREASURY BOND 1.125% 5/15/40 | 200 | 125 | |||||||||||||||
US TREASURY BOND 1.250% 5/15/50 | 3,562 | 1,917 | |||||||||||||||
US TREASURY BOND 1.625% 11/15/50 | 390 | 232 | |||||||||||||||
US TREASURY BOND 1.750% 8/15/41 | 4,743 | 3,246 | |||||||||||||||
US TREASURY BOND 1.875% 2/15/41 | 285 | 201 | |||||||||||||||
US TREASURY BOND 1.875% 2/15/51 | 1,839 | 1,169 | |||||||||||||||
US TREASURY BOND 1.875% 11/15/51 | 2,985 | 1,890 | |||||||||||||||
US TREASURY BOND 2.000% 2/15/50 | 95 | 63 | |||||||||||||||
US TREASURY BOND 2.000% 8/15/51 | 1,901 | 1,245 | |||||||||||||||
US TREASURY BOND 2.250% 8/15/46 | 5,289 | 3,743 | |||||||||||||||
US TREASURY BOND 2.250% 8/15/49 | 1,870 | 1,315 | |||||||||||||||
US TREASURY BOND 2.375% 2/15/42 | 3,265 | 2,493 | |||||||||||||||
US TREASURY BOND 2.375% 11/15/49 | 185 | 134 | |||||||||||||||
US TREASURY BOND 2.500% 5/15/46 | 3,350 | 2,499 | |||||||||||||||
US TREASURY BOND 2.750% 8/15/42 | 910 | 732 | |||||||||||||||
US TREASURY BOND 2.750% 11/15/42 | 1,170 | 938 | |||||||||||||||
US TREASURY BOND 2.875% 8/15/45 | 105 | 85 | |||||||||||||||
US TREASURY BOND 3.000% 2/15/47 | 74 | 61 | |||||||||||||||
US TREASURY BOND 3.000% 2/15/48 | 80 | 66 | |||||||||||||||
US TREASURY BOND 3.000% 5/15/42 | 470 | 395 | |||||||||||||||
US TREASURY BOND 3.000% 11/15/44 | 119 | 98 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
41
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
US TREASURY BOND 3.125% 2/15/43 | 2,000 | 1,706 | |||||||||||||||
US TREASURY BOND 3.125% 11/15/41 | 1,500 | 1,296 | |||||||||||||||
US TREASURY BOND 3.375% 5/15/44 | 1,659 | 1,463 | |||||||||||||||
US TREASURY BOND 3.500% 2/15/39 | 2,190 | 2,057 | |||||||||||||||
US TREASURY BOND 3.625% 2/15/44 | 1,000 | 917 | |||||||||||||||
US TREASURY BOND 3.625% 8/15/43 | 2,700 | 2,482 | |||||||||||||||
US TREASURY BOND 3.750% 8/15/41 | 9,790 | 9,285 | |||||||||||||||
US TREASURY BOND 3.750% 11/15/43 | 470 | 441 | |||||||||||||||
US TREASURY BOND 4.375% 2/15/38 | 445 | 466 | |||||||||||||||
US TREASURY BOND 4.375% 5/15/41 | 1,160 | 1,202 | |||||||||||||||
US TREASURY BOND 4.500% 2/15/36 | 777 | 829 | |||||||||||||||
US TREASURY NOTE 0.625% 8/15/30 | 650 | 512 | |||||||||||||||
US TREASURY NOTE 0.750% 4/30/26 | 590 | 527 | |||||||||||||||
US TREASURY NOTE 0.875% 6/30/26 | 614 | 549 | |||||||||||||||
US TREASURY NOTE 0.875% 9/30/26 | 79 | 70 | |||||||||||||||
US TREASURY NOTE 0.875% 11/15/30 | 2,790 | 2,230 | |||||||||||||||
US TREASURY NOTE 1.125% 2/15/31 | 8,895 | 7,250 | |||||||||||||||
US TREASURY NOTE 1.250% 3/31/28 | 18,630 | 16,192 | |||||||||||||||
US TREASURY NOTE 1.250% 6/30/28 | 3,972 | 3,435 | |||||||||||||||
US TREASURY NOTE 1.250% 8/15/31 | 3,310 | 2,684 | |||||||||||||||
US TREASURY NOTE 1.375% 11/15/31 | 1,396 | 1,137 | |||||||||||||||
US TREASURY NOTE 1.500% 1/31/27 | 1,174 | 1,060 | |||||||||||||||
US TREASURY NOTE 1.500% 2/15/30 | 1,990 | 1,696 | |||||||||||||||
US TREASURY NOTE 1.625% 5/15/31 | 1,550 | 1,304 | |||||||||||||||
US TREASURY NOTE 1.750% 12/31/26 | 442 | 405 | |||||||||||||||
US TREASURY NOTE 1.875% 2/15/32 | 7,080 | 6,006 | |||||||||||||||
US TREASURY NOTE 2.000% 6/30/24 | 81 | 78 | |||||||||||||||
US TREASURY NOTE 2.250% 2/15/27 | 13,712 | 12,760 | |||||||||||||||
US TREASURY NOTE 2.250% 11/15/24 | 52 | 50 | |||||||||||||||
US TREASURY NOTE 2.250% 11/15/25 | 46 | 44 | |||||||||||||||
US TREASURY NOTE 2.500% 2/28/26 | 50 | 47 | |||||||||||||||
US TREASURY NOTE 2.500% 5/15/24 | 74 | 72 | |||||||||||||||
US TREASURY NOTE 2.875% 4/30/25 | 115 | 111 | |||||||||||||||
US TREASURY SEC STRIPPED | 1,775 | 1,174 | |||||||||||||||
VR FNMA POOL #AL7395 5.544% 9/01/55 | 1,235 | 1,265 | |||||||||||||||
FNMA PL #FS0882 2.500% 3/01/52 | 1,430 | 1,223 | |||||||||||||||
Total U.S. Government and Agency Obligations | $ | 219,770 | |||||||||||||||
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
42
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
Common/Collective Trusts | |||||||||||||||||
* | AMEX R/VANGUARD FIDUCIARY EXT MKT | 3,747 | 427,330 | ||||||||||||||
* | AMEX R/VANGUARD FIDUCIARY INTL STK | 1,012 | 111,115 | ||||||||||||||
* | AMEX R/VANGUARD FIDUCIARY TOT BD | 840 | 84,804 | ||||||||||||||
* | BLACKROCK INSTL/MSCI EAFE SMALL CAP | 3,468 | 88,149 | ||||||||||||||
* | BLACKROCK INSTL/U S TREAS INFLATION | 3,592 | 40,027 | ||||||||||||||
* | COLUMBIA TRUST GOV MONEY MKT FUND | 57,281 | 57,281 | ||||||||||||||
* | FIAM GRP TR FOR/CORE PLUS COMMINGLE | 4,663 | 100,390 | ||||||||||||||
LOOMIS SAYLES CORE PLUS FULL DISC TR | 4,495 | 100,380 | |||||||||||||||
* | MSIM/INTERNATIONAL EQUITY II TRUST | 8,452 | 310,152 | ||||||||||||||
NEUBERGER BERMA/EMERGING MKTS EQUIT | 5,763 | 65,875 | |||||||||||||||
* | VANGUARD EMPLOYEE BENEFIT INDEX #528 | 2,315 | 1,119,149 | ||||||||||||||
ALLSPRING DISCOVERY CIT N | 8,145 | 86,726 | |||||||||||||||
Total Common/Collective Trusts | $ | 2,591,378 | |||||||||||||||
Mutual Funds | |||||||||||||||||
AMER FNDS EUROPAC GROW-R6 #2616 | 6,887 | 337,685 | |||||||||||||||
DFA EMERGING MARKETS VALUE FD #5095 | 2,205 | 58,322 | |||||||||||||||
Total Mutual Funds | $ | 396,007 | |||||||||||||||
Self-Directed Brokerage Accounts | |||||||||||||||||
CASH EQUIVALENTS | 27,711 | ||||||||||||||||
* | COMMON STOCK | 7,324 | |||||||||||||||
MUTUAL FUNDS | 105,006 | ||||||||||||||||
UNIT INVESTMENT TRUSTS | 111 | ||||||||||||||||
Total Self-Directed Brokerage Accounts | $ | 140,152 | |||||||||||||||
Other Investments | |||||||||||||||||
Asset-Backed Securities | |||||||||||||||||
20 TSQ GRO CMO V-M 3.100% 5/15/35 | 1,400 | 1,191 | |||||||||||||||
ACC TRUST 0.740% 11/20/23 | — | 0 | |||||||||||||||
AMERICAN HOMES 4 REN 3.467% 4/17/52 | 343 | 327 | |||||||||||||||
AMERICAN HOMES 4 REN 3.678% 12/17/36 | 638 | 614 | |||||||||||||||
AMERICAN HOMES 4 REN 3.786% 10/17/36 | 428 | 413 | |||||||||||||||
AMERICAN HOMES 4 REN 4.407% 4/17/52 | 720 | 687 | |||||||||||||||
AMERICAN HOMES 4 REN 5.639% 4/17/52 | 150 | 146 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
43
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
AMERICAN HOMES 4 REN 6.070% 10/17/45 | 142 | 138 | |||||||||||||||
AMERICREDIT AUTO ABS 5.320% 4/18/28 | 285 | 280 | |||||||||||||||
AMERICREDIT AUTOMOBI 1.590% 10/20/25 | 1,100 | 1,064 | |||||||||||||||
AMSR TRUST 1.355% 11/17/37 | 265 | 237 | |||||||||||||||
AMSR TRUST 1.527% 8/17/26 | 1,390 | 1,190 | |||||||||||||||
AMSR TRUST 1.806% 9/17/37 | 1,845 | 1,651 | |||||||||||||||
AMSR TRUST 1.953% 6/17/38 | 395 | 325 | |||||||||||||||
AXIS EQUIPMENT FINAN 1.640% 10/20/27 | 606 | 574 | |||||||||||||||
BANK OF AMERICA ABS 5.000% 4/17/28 | 200 | 202 | |||||||||||||||
BB-UBS TRUST 3.430% 11/05/36 | 1,350 | 1,255 | |||||||||||||||
BUSINESS JET SECURIT 2.162% 4/15/36 | 442 | 388 | |||||||||||||||
BUSINESS JET SECURIT 2.981% 11/15/35 | 329 | 300 | |||||||||||||||
BXP TRUST 3.379% 6/13/39 | 1,000 | 890 | |||||||||||||||
CAMILLO 2016-SFR1 5.000% 12/05/23 | 346 | 356 | |||||||||||||||
CAPITAL ONE MULTI-AS 1.040% 11/16/26 | 372 | 346 | |||||||||||||||
CARMAX AUTO OWNER TR 2.340% 11/17/25 | 2,070 | 1,991 | |||||||||||||||
CASCADE MH ASSET TRU 1.753% 2/25/46 | 950 | 807 | |||||||||||||||
CF HIPPOLYTA ISSUER 1.530% 3/15/61 | 1,012 | 875 | |||||||||||||||
CF HIPPOLYTA ISSUER 1.690% 7/15/60 | 114 | 102 | |||||||||||||||
CITIGROUP COMMERCIAL 4.371% 9/10/46 | 929 | 919 | |||||||||||||||
COLONY AMERICAN FINA 1.358% 8/15/53 | 162 | 143 | |||||||||||||||
COMM MORTGAGE TRUST 3.759% 8/10/48 | 313 | 299 | |||||||||||||||
COMM MORTGAGE TRUST 3.902% 7/10/50 | 700 | 671 | |||||||||||||||
COREVEST ABS V-M 4.744% 6/15/55 | 1,185 | 1,156 | |||||||||||||||
CPS AUTO TRUST 1.590% 12/15/27 | 947 | 894 | |||||||||||||||
CPS AUTO TRUST ABS 4.880% 4/15/30 | 700 | 687 | |||||||||||||||
CREDIT ACCEPTAN ABS 5.700% 10/15/32 | 990 | 956 | |||||||||||||||
CREDIT ACCEPTANCE AU 0.960% 2/15/30 | 1,225 | 1,178 | |||||||||||||||
CREDIT ACCEPTANCE AU 1.260% 4/15/30 | 1,405 | 1,283 | |||||||||||||||
CREDIT ACCEPTANCE AU 1.640% 6/17/30 | 760 | 686 | |||||||||||||||
CREDIT ACCEPTANCE AU 1.770% 12/17/29 | 1,675 | 1,590 | |||||||||||||||
CREDIT ACCEPTANCE AU 2.390% 4/16/29 | 428 | 427 | |||||||||||||||
CREDIT ACCEPTANCE AU 3.060% 3/15/29 | 1,600 | 1,591 | |||||||||||||||
CREDIT SUISSE MORT 1.668% 9/27/60 | 1,213 | 1,144 | |||||||||||||||
DB MASTER FINANCE LL 2.045% 11/20/51 | 224 | 191 | |||||||||||||||
DB MASTER FINANCE LL 2.493% 11/20/51 | 518 | 426 | |||||||||||||||
DBWF 2015-LCM M/MTG 1.000% 6/10/34 | 144 | 132 | |||||||||||||||
DIAMOND RESORTS OWNE 1.510% 11/21/33 | 154 | 142 | |||||||||||||||
DOMINOS PIZZA MASTER 2.662% 4/25/51 | 207 | 172 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
44
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
DRIVE AUTO RECEIVABL 2.360% 3/16/26 | 88 | 88 | |||||||||||||||
DT AUTO OWNER TRUST 0.870% 5/17/27 | 755 | 707 | |||||||||||||||
EXETER AUTOMOBI ABS 5.300% 9/15/27 | 400 | 392 | |||||||||||||||
EXETER AUTOMOBI ABS 5.970% 3/15/27 | 704 | 703 | |||||||||||||||
EXETER AUTOMOBILE RE 1.150% 6/17/24 | 58 | 58 | |||||||||||||||
EXETER AUTOMOBILE RE 3.110% 8/15/25 | 521 | 513 | |||||||||||||||
FANNIEMAE-ACES 0.670% 5/25/27 | 132 | 119 | |||||||||||||||
FANNIEMAE-ACES 1.200% 8/25/28 | 80 | 69 | |||||||||||||||
FANNIEMAE-ACES 2.980% 9/25/24 | 733 | 667 | |||||||||||||||
FED HOME LN MTG CORP 3.350% 9/25/28 | 867 | 836 | |||||||||||||||
FED HOME LN MTG CORP 3.500% 3/15/35 | 1,517 | 1,420 | |||||||||||||||
FED HOME LN MTG CORP 3.500% 6/15/26 | 173 | 170 | |||||||||||||||
FED HOME LN MTG CORP 4.500% 4/15/39 | 2 | 2 | |||||||||||||||
FED HOME LN MTG CORP 6.000% 11/15/23 | 3 | 3 | |||||||||||||||
FED HOME LN MTG CORP 6.250% 10/15/23 | 10 | 10 | |||||||||||||||
FED HOME LN MTG CORP 7.000% 5/15/37 | 702 | 755 | |||||||||||||||
FED HOME LN MTG CORP 7.000% 12/15/36 | 61 | 65 | |||||||||||||||
FED NATL MTG ASSN 2.500% 8/25/42 | 177 | 153 | |||||||||||||||
FED NATL MTG ASSN 3.000% 1/25/46 | 254 | 230 | |||||||||||||||
FED NATL MTG ASSN 3.500% 5/25/49 | 1,037 | 971 | |||||||||||||||
FED NATL MTG ASSN 3.500% 11/25/57 | 877 | 828 | |||||||||||||||
FED NATL MTG ASSN 4.500% 12/25/40 | 829 | 809 | |||||||||||||||
FED NATL MTG ASSN 5.500% 6/25/35 | 147 | 150 | |||||||||||||||
FED NATL MTG ASSN 6.000% 3/25/36 | 44 | 45 | |||||||||||||||
FHF TRUST 2021-1 1.270% 3/15/27 | 267 | 256 | |||||||||||||||
FHLMC K150 CMO V-M 3.710% 9/25/32 | 1,000 | 937 | |||||||||||||||
FHLMC MULTIFAMILY ST 2.811% 9/25/24 | 344 | 335 | |||||||||||||||
FHLMC MULTIFAMILY ST 2.982% 11/25/25 | 385 | 371 | |||||||||||||||
FHLMC SER 1 CMO 3.250% 11/25/61 | 266 | 245 | |||||||||||||||
FHLMC SER 4932 CMO 3.500% 11/25/49 | 790 | 631 | |||||||||||||||
FIRST INVESTORS AUTO 1.170% 3/15/27 | 700 | 663 | |||||||||||||||
FIRSTKEY HOMES 2020- 1.266% 10/19/37 | 1,087 | 963 | |||||||||||||||
FIRSTKEY HOMES 2020- 1.339% 9/17/25 | 594 | 531 | |||||||||||||||
FIRSTKEY HOMES 2020- 1.538% 8/17/38 | 1,609 | 1,395 | |||||||||||||||
FIRSTKEY HOMES 2020- 1.567% 10/19/37 | 1,185 | 1,052 | |||||||||||||||
FIRSTKEY HOMES 2020- 1.607% 9/17/26 | 1,370 | 1,154 | |||||||||||||||
FIRSTKEY HOMES 2020- 1.941% 9/17/25 | 231 | 206 | |||||||||||||||
FLAGSHIP CREDIT AUTO 1.670% 10/15/26 | 690 | 666 | |||||||||||||||
FLAGSHIP CREDIT AUTO 2.740% 10/15/25 | 697 | 692 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
45
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FLAGSHIP CREDIT AUTO 2.770% 12/15/25 | 573 | 566 | |||||||||||||||
FNMA M2S CMO V-M 3.751% 5/25/32 | 850 | 817 | |||||||||||||||
FNMA SER 34 CMO 2.250% 6/25/45 | 593 | 463 | |||||||||||||||
FNMA SER 46 CMO 4.500% 7/25/52 | 695 | 612 | |||||||||||||||
FNMA SER M1S CMO 2.082% 4/25/32 | 1,018 | 834 | |||||||||||||||
FNMA SER M3 CMO V-M 1.707% 11/25/31 | 1,051 | 827 | |||||||||||||||
FORD CREDIT AUTO OWN 1.530% 5/15/34 | 750 | 650 | |||||||||||||||
FREDDIE MAC - SCRT 3.000% 3/25/59 | 502 | 465 | |||||||||||||||
FREDDIE MAC - SCRT 3.000% 5/25/60 | 1,162 | 1,038 | |||||||||||||||
FREDDIE MAC - SCRT 3.500% 5/25/57 | 1,155 | 1,084 | |||||||||||||||
FREDDIE MAC - SCRT 3.500% 7/25/58 | 705 | 649 | |||||||||||||||
FREDDIE MAC - SCRT 3.500% 11/25/57 | 1,069 | 1,019 | |||||||||||||||
FREDDIE MAC - SCRT 4.000% 3/25/59 | 1,039 | 988 | |||||||||||||||
FREDDIE MAC - SCRT 4.000% 11/25/57 | 1,561 | 1,488 | |||||||||||||||
FRTKL 2.172% 9/17/38 | 1,005 | 835 | |||||||||||||||
GLS AUTO RECEIVABLES 1.110% 9/15/26 | 1,274 | 1,194 | |||||||||||||||
GM FINANCIAL SECURIT 1.230% 5/17/27 | 520 | 475 | |||||||||||||||
GNMA SER H13 CMO 4.422% 5/20/66 | 89 | 89 | |||||||||||||||
GNMA SER H29 CMO 4.442% 11/20/65 | 965 | 953 | |||||||||||||||
GOODGREEN TRUST 3.260% 10/15/53 | 301 | 271 | |||||||||||||||
GOODGREEN TRUST 3.740% 10/15/52 | 91 | 84 | |||||||||||||||
GOVT NATL MTG ASSN 3.500% 3/20/49 | 184 | 149 | |||||||||||||||
GOVT NATL MTG ASSN 3.500% 8/20/47 | 549 | 498 | |||||||||||||||
GOVT NATL MTG ASSN 4.500% 10/16/39 | 1,375 | 1,348 | |||||||||||||||
GOVT NATL MTG ASSN 5.000% 8/20/39 | 141 | 141 | |||||||||||||||
GOVT NATL MTG ASSN 5.000% 10/20/39 | 398 | 398 | |||||||||||||||
HERO FUNDING TRUST 3.080% 9/20/42 | 199 | 186 | |||||||||||||||
HERO FUNDING TRUST 3.950% 9/20/48 | 269 | 248 | |||||||||||||||
HERO FUNDING TRUST 4.460% 9/20/47 | 245 | 232 | |||||||||||||||
HERO FUNDING TRUST 4.670% 9/20/48 | 451 | 428 | |||||||||||||||
HERO FUNDING TRUST 104.070% 9/20/48 | 48 | 45 | |||||||||||||||
HERTZ VEHICLE ABS 1.990% 6/25/26 | 545 | 500 | |||||||||||||||
HILTON GRAND VACATIO 2.660% 12/27/28 | 45 | 44 | |||||||||||||||
HYUNDAI AUTO LEASE 0.610% 10/15/25 | 620 | 605 | |||||||||||||||
HYUNDAI AUTO RECEIVA 1.030% 12/15/27 | 525 | 475 | |||||||||||||||
INDEPENDENCE PLAZA 3.763% 7/10/35 | 1,200 | 1,124 | |||||||||||||||
* | JPMBB COMMERCIAL MO 4.133% 8/15/46 | 754 | 748 | ||||||||||||||
* | JPMBB COMMERCIAL MO 3.7748% 8/15/47 | 823 | 799 | ||||||||||||||
KKR INDUST CMO V-M 5.118% 12/15/37 | 375 | 359 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
46
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
LENDMARK FNDG ABS 5.120% 7/20/32 | 610 | 589 | |||||||||||||||
MARINER FINANCE ISSU 1.860% 3/20/36 | 1,005 | 862 | |||||||||||||||
MARINER FINANCE ISSU 3.510% 7/20/32 | 965 | 916 | |||||||||||||||
MERCURY FINANCIAL CR 1.540% 3/20/26 | 976 | 931 | |||||||||||||||
* | MORGAN STANLEY BAML 3.531% 11/15/48 | 413 | 391 | ||||||||||||||
MRCD MORTGAGE TRUS 2.71752% 12/15/36 | 1,846 | 1,645 | |||||||||||||||
NEXTGEAR FLOORP ABS 2.800% 3/15/27 | 234 | 220 | |||||||||||||||
NRZ EXCESS SPREAD CO 3.844% 12/25/25 | 558 | 508 | |||||||||||||||
OAK STREET INVESTMEN 1.850% 10/20/50 | 438 | 389 | |||||||||||||||
ONEMAIN DIRECT ABS 3.950% 11/14/28 | 1,500 | 1,389 | |||||||||||||||
OPORTUN FUNDING LLC 1.210% 3/08/28 | 1,172 | 1,091 | |||||||||||||||
PAGAYA AI DEBT SELEC 1.180% 11/15/27 | 224 | 220 | |||||||||||||||
PALMER SQR ABS V-Q 3.683% 7/20/34 | 250 | 245 | |||||||||||||||
PALMER SQU ABS V-Q 5.134% 10/15/30 | 306 | 302 | |||||||||||||||
PFS FINANCING CORP. 2.470% 2/16/27 | 478 | 449 | |||||||||||||||
PROGRESS RESIDE ABS 3.200% 4/17/39 | 600 | 544 | |||||||||||||||
PROGRESS RESIDE ABS 4.896% 6/17/39 | 1,000 | 931 | |||||||||||||||
PROGRESS RESIDENTIAL 1.294% 10/17/27 | 563 | 499 | |||||||||||||||
PROGRESS RESIDENTIAL 1.495% 10/17/27 | 415 | 367 | |||||||||||||||
PROGRESS RESIDENTIAL 1.524% 7/17/38 | 1,833 | 1,585 | |||||||||||||||
PROGRESS RESIDENTIAL 1.692% 8/17/40 | 423 | 337 | |||||||||||||||
PROGRESS RESIDENTIAL 2.082% 9/17/38 | 640 | 527 | |||||||||||||||
PROGRESS RESIDENTIAL 2.197% 4/19/38 | 775 | 663 | |||||||||||||||
RENEW 2017-1 1.67064% 9/28/52 | 119 | 108 | |||||||||||||||
RENEW FINANCIAL 3.220% 9/22/53 | 106 | 92 | |||||||||||||||
SABEY DATA CENTER IS 1.881% 6/20/46 | 453 | 385 | |||||||||||||||
SANTANDER CONSUMER 1.030% 11/16/26 | 760 | 690 | |||||||||||||||
SANTANDER DRIVE AUTO 1.280% 2/17/26 | 664 | 652 | |||||||||||||||
SBA SER 25F ABS 4.010% 6/01/47 | 212 | 202 | |||||||||||||||
SBA SER 25K ABS 5.130% 11/01/47 | 200 | 200 | |||||||||||||||
SBA SER 25L ABS 1.850% 12/01/46 | 356 | 290 | |||||||||||||||
SBA TOWER TRUST ABS 6.559% 1/15/28 | 210 | 211 | |||||||||||||||
SCF EQUIPMENT ABS 6.500% 10/21/30 | 1,098 | 1,108 | |||||||||||||||
SIERRA RECEIVAB ABS 4.730% 6/20/40 | 637 | 619 | |||||||||||||||
SIERRA RECEIVABLES 1.340% 11/20/37 | 175 | 160 | |||||||||||||||
SIERRA RECEIVABLES 2.320% 7/20/37 | 350 | 326 | |||||||||||||||
SMALL BUSINESS ABS 3.940% 5/01/47 | 365 | 345 | |||||||||||||||
SMALL BUSINESS ADMIN 1.750% 11/01/46 | 707 | 595 | |||||||||||||||
SMALL BUSINESS ADMIN 1.840% 1/01/42 | 390 | 338 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
47
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
SMALL BUSINESS ADMIN 2.040% 1/01/47 | 359 | 301 | |||||||||||||||
SOCIAL PROFESSIONAL 2.540% 5/15/46 | 276 | 250 | |||||||||||||||
TACO BELL FUND ABS 2.294% 8/25/51 | 382 | 307 | |||||||||||||||
TIDEWATER AUTO RECEI 4.300% 11/15/24 | 6 | 6 | |||||||||||||||
TRICON AMERICAN HOME 1.499% 7/17/38 | 240 | 208 | |||||||||||||||
TRICON RESIDENT ABS 4.750% 4/17/39 | 145 | 132 | |||||||||||||||
TRICON RESIDENT ABS 4.849% 7/17/40 | 362 | 340 | |||||||||||||||
TRICON RESIDENTIAL 1.943% 7/17/38 | 373 | 324 | |||||||||||||||
UBS-BARCLAYS COMMER 3.244% 4/10/46 | 300 | 298 | |||||||||||||||
UPSTART SECURITIZATI 0.840% 9/20/31 | 500 | 484 | |||||||||||||||
USASF RECEIVABLES LL 1.490% 3/17/25 | 820 | 811 | |||||||||||||||
VANTAGE DATA CENTERS 1.992% 9/15/45 | 454 | 373 | |||||||||||||||
VENDEE MORTGAGE TRUS 5.000% 5/15/33 | 232 | 231 | |||||||||||||||
VR AMSR TRUST 2.153% 6/17/38 | 545 | 439 | |||||||||||||||
VR CIM TRUST 2.500% 4/25/50 | 244 | 202 | |||||||||||||||
VR FANNIEMAE-ACES 1.892% 10/25/30 | 1,298 | 93 | |||||||||||||||
VR FANNIEMAE-ACES 1.943% 11/25/33 | 9,914 | 886 | |||||||||||||||
VR FANNIEMAE-ACES 2.471% 12/25/26 | 131 | 121 | |||||||||||||||
VR FANNIEMAE-ACES 3.062% 6/25/27 | 568 | 533 | |||||||||||||||
VR FANNIEMAE-ACES 3.547% 9/25/28 | 620 | 596 | |||||||||||||||
VR FED HOME LN MTG 4.668% 2/15/43 | 138 | 133 | |||||||||||||||
VR FED HOME LN MTG 4.738% 9/15/36 | 24 | 23 | |||||||||||||||
VR FED NATL MTG AS 3.508% 4/25/44 | 43 | 42 | |||||||||||||||
VR FED NATL MTG AS 4.939% 9/25/41 | 29 | 29 | |||||||||||||||
VR FHLMC MULTIFAMI 3.284% 6/25/25 | 1,000 | 967 | |||||||||||||||
VR FHLMC MULTIFAMI 3.364% 12/25/27 | 680 | 642 | |||||||||||||||
VR FLAGSTAR MORTGAGE 2.500% 7/25/51 | 348 | 279 | |||||||||||||||
VR FREMF MORTGAGE 3.547% 6/25/45 | 800 | 788 | |||||||||||||||
VR FREMF MORTGAGE 3.579% 11/25/49 | 180 | 166 | |||||||||||||||
VR FREMF MORTGAGE 3.719% 1/25/48 | 1,200 | 1,141 | |||||||||||||||
VR FREMF MORTGAGE 3.949% 7/25/49 | 220 | 219 | |||||||||||||||
VR FREMF MORTGAGE 4.074% 11/25/47 | 191 | 183 | |||||||||||||||
VR FREMF MORTGAGE 4.256% 4/25/51 | 800 | 714 | |||||||||||||||
VR FREMF MORTGAGE 4.320% 12/25/50 | 1,000 | 903 | |||||||||||||||
VR GOODGREEN TRUS 22.97129% 10/15/53 | 298 | 274 | |||||||||||||||
VR GOVT NATL MTG 4.282% 6/20/65 | 543 | 537 | |||||||||||||||
VR GOVT NATL MTG 4.282% 7/20/65 | 570 | 563 | |||||||||||||||
VR GOVT NATL MTG 4.402% 3/20/67 | 347 | 343 | |||||||||||||||
VR GOVT NATL MTG 4.751% 10/20/43 | 427 | 427 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
48
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
VR GOVT NATL MTG 5.246% 5/20/40 | 468 | 474 | |||||||||||||||
VR GOVT NATL MTG 5.474% 10/20/40 | 495 | 507 | |||||||||||||||
VR GOVT NATL MTG 5.550% 1/20/38 | 339 | 350 | |||||||||||||||
VR GOVT NATL MTG AS 4.282% 6/20/65 | 546 | 540 | |||||||||||||||
VR GOVT NATL MTG AS 4.292% 2/20/61 | 520 | 516 | |||||||||||||||
VR GOVT NATL MTG AS 4.342% 6/20/67 | 375 | 371 | |||||||||||||||
VR GOVT NATL MTG AS 4.362% 9/20/65 | 716 | 709 | |||||||||||||||
VR GOVT NATL MTG AS 4.362% 10/20/65 | 524 | 516 | |||||||||||||||
VR GOVT NATL MTG AS 4.502% 12/20/65 | 316 | 314 | |||||||||||||||
VR GOVT NATL MTG AS 4.672% 8/20/66 | 299 | 295 | |||||||||||||||
VR GOVT NATL MTG AS 4.842% 12/20/66 | 130 | 128 | |||||||||||||||
* | VR JP MORGAN MORTGAG 2.500% 10/25/51 | 430 | 345 | ||||||||||||||
VR PROGRESS RESIDENT 3.107% 2/17/29 | 1,100 | 918 | |||||||||||||||
VR VCAT ASSET SECURI 2.115% 3/27/51 | 459 | 415 | |||||||||||||||
VR VERICREST OPPORT 1.893% 2/27/51 | 588 | 507 | |||||||||||||||
VR VERICREST OPPORT 1.893% 3/27/51 | 1,323 | 1,190 | |||||||||||||||
VR VERICREST OPPORT 2.116% 3/27/51 | 767 | 696 | |||||||||||||||
VR VERICREST OPPORT 2.240% 3/27/51 | 547 | 500 | |||||||||||||||
VR VERICREST OPPORT 2.240% 4/25/51 | 835 | 734 | |||||||||||||||
VR VERICREST OPPORT 1.9918% 5/25/51 | 2,125 | 1,884 | |||||||||||||||
WIND RIVER ABS V-Q 5.393% 7/20/33 | 387 | 369 | |||||||||||||||
Total Asset-Backed Securities | $ | 124,131 | |||||||||||||||
Foreign Sovereign Debt | |||||||||||||||||
REPUBLIC OF CHILE 2.550% 1/27/32 | 200 | 164 | |||||||||||||||
REPUBLIC OF PANAMA 3.870% 7/23/60 | 270 | 174 | |||||||||||||||
UNITED MEXICAN STATE 2.659% 5/24/31 | 301 | 243 | |||||||||||||||
UNITED MEXICAN STATE 3.750% 1/11/28 | 392 | 370 | |||||||||||||||
UNITED MEXICAN STATE 3.771% 5/24/61 | 222 | 140 | |||||||||||||||
UNITED MEXICAN STATE 4.125% 1/21/26 | 270 | 263 | |||||||||||||||
UNITED MEXICAN STATE 4.350% 1/15/47 | 35 | 26 | |||||||||||||||
UNITED MEXICAN STATE 4.400% 2/12/52 | 370 | 272 | |||||||||||||||
Total Foreign Sovereign Debt | $ | 1,652 | |||||||||||||||
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
49
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
Municipal Bonds | |||||||||||||||||
CONNECTICUT ST 4.060% 6/15/30 | 370 | 349 | |||||||||||||||
MASSACHUSETTS ST 4.141% 7/01/27 | 115 | 110 | |||||||||||||||
MIAMI-DADE CNTY FL 5.534% 7/01/32 | 250 | 255 | |||||||||||||||
MICHIGAN ST UNIV 4.165% 8/15/22 | 80 | 59 | |||||||||||||||
NEW YORK ST DORM 3.329% 3/15/31 | 230 | 201 | |||||||||||||||
NEW YORK ST DORM 3.399% 3/15/32 | 230 | 199 | |||||||||||||||
OHIO ST UNIV 4.048% 12/01/56 | 81 | 68 | |||||||||||||||
OHIO UNIV GEN RECPTS 5.590% 12/01/14 | 195 | 174 | |||||||||||||||
UNIV CA REGTS MED 4.563% 5/15/53 | 220 | 192 | |||||||||||||||
Total Municipal Bonds | $ | 1,607 | |||||||||||||||
Private Placement Securities | |||||||||||||||||
CREDIT SUIS V-D CONV 3.091% 5/14/32 | 370 | 256 | |||||||||||||||
P/P 7-ELEVEN INC 2.500% 2/10/41 | 156 | 103 | |||||||||||||||
P/P AIA GROUP LTD 3.200% 9/16/40 | 200 | 143 | |||||||||||||||
P/P AIR CANADA 2013- 4.125% 11/15/26 | 554 | 506 | |||||||||||||||
P/P AIR CANADA 2015- 3.600% 3/15/27 | 663 | 598 | |||||||||||||||
P/P AIR CANADA 2017- 3.300% 1/15/30 | 60 | 51 | |||||||||||||||
P/P AIR CANADA 2017- 3.550% 1/15/30 | 204 | 164 | |||||||||||||||
P/P AMERICAN TOWER 3.652% 3/23/28 | 230 | 208 | |||||||||||||||
P/P APOLLO MANAGEMEN 4.000% 5/30/24 | 230 | 223 | |||||||||||||||
P/P ATHENE GLOBAL FU 1.450% 1/08/26 | 260 | 228 | |||||||||||||||
P/P ATHENE GLOBAL FU 2.500% 1/14/25 | 72 | 67 | |||||||||||||||
P/P ATHENE GLOBAL FU 2.750% 6/25/24 | 140 | 133 | |||||||||||||||
P/P ATHENE GLOBAL FU 2.950% 11/12/26 | 595 | 537 | |||||||||||||||
P/P AUSGRID FINANCE 3.850% 5/01/23 | 200 | 199 | |||||||||||||||
P/P AUST & NZ BANKIN 2.570% 11/25/35 | 210 | 154 | |||||||||||||||
P/P AVIATION CAPITAL 1.950% 1/30/26 | 230 | 200 | |||||||||||||||
P/P AVOLON HOLDINGS 2.528% 11/18/27 | 1,242 | 993 | |||||||||||||||
P/P AVOLON HOLDINGS 2.875% 2/15/25 | 367 | 339 | |||||||||||||||
P/P AVOLON HOLDINGS 5.500% 1/15/26 | 430 | 409 | |||||||||||||||
P/P BAE SYSTEMS PLC 1.900% 2/15/31 | 292 | 226 | |||||||||||||||
P/P BAE SYSTEMS PLC 3.400% 4/15/30 | 350 | 309 | |||||||||||||||
P/P BLACKSTONE HOLDI 3.500% 9/10/49 | 200 | 135 | |||||||||||||||
P/P BPCE SA 4.625% 7/11/24 | 200 | 195 | |||||||||||||||
P/P BRITISH AIR 18-1 3.800% 9/20/31 | 86 | 77 | |||||||||||||||
P/P BRITISH AIR 18-1 4.125% 9/20/31 | 224 | 186 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
50
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
P/P BROADCOM INC 3.187% 11/15/36 | 500 | 359 | |||||||||||||||
P/P BROOKLYN UNION 4.273% 3/15/48 | 100 | 75 | |||||||||||||||
P/P CLEVELAND ELECTR 3.500% 4/01/28 | 95 | 87 | |||||||||||||||
P/P COX COMMUNICATIO 3.350% 9/15/26 | 415 | 388 | |||||||||||||||
P/P CREDIT AGRICOLE 2.811% 1/11/41 | 250 | 154 | |||||||||||||||
P/P CVS PASS-THROUGH 4.163% 8/10/36 | 217 | 188 | |||||||||||||||
P/P CVS PASS-THROUGH 4.704% 1/10/36 | 271 | 243 | |||||||||||||||
P/P CVS PASS-THROUGH 5.773% 1/10/33 | 249 | 244 | |||||||||||||||
P/P CVS PASS-THROUGH 5.926% 1/10/34 | 396 | 386 | |||||||||||||||
P/P DUQUESNE LIGHT 3.616% 8/01/27 | 230 | 207 | |||||||||||||||
P/P FERGUSON FINANCE 3.250% 6/02/30 | 350 | 297 | |||||||||||||||
P/P GAIF BOND ISSUER 3.400% 9/30/26 | 95 | 87 | |||||||||||||||
P/P GALAXY PIPELINE 2.940% 9/30/40 | 290 | 233 | |||||||||||||||
P/P GOODMAN US FIN 3.700% 3/15/28 | 86 | 78 | |||||||||||||||
P/P GRAY OAK PIPELIN 3.450% 10/15/27 | 415 | 367 | |||||||||||||||
P/P GREAT-WEST LIFEC 4.581% 5/17/48 | 130 | 107 | |||||||||||||||
P/P GTP ACQUISITION 3.482% 6/16/25 | 190 | 177 | |||||||||||||||
P/P JERSEY CENTRAL 4.300% 1/15/26 | 50 | 48 | |||||||||||||||
P/P KEYSPAN GAS EAST 2.742% 8/15/26 | 200 | 179 | |||||||||||||||
P/P KKR GROUP FINAN 3.500% 8/25/50 | 200 | 134 | |||||||||||||||
P/P MASS MUTUAL LIFE 3.375% 4/15/50 | 210 | 145 | |||||||||||||||
P/P MET LIFE GLOB FU 3.000% 9/19/27 | 180 | 164 | |||||||||||||||
P/P MEXICO CITY ARPT 5.500% 7/31/47 | 207 | 159 | |||||||||||||||
P/P MID-ATLANTIC INT 4.100% 5/15/28 | 50 | 47 | |||||||||||||||
P/P MITSUI FUDOSAN 2.950% 1/23/23 | 450 | 449 | |||||||||||||||
P/P NATIONAL AUSTRAL 2.332% 8/21/30 | 250 | 190 | |||||||||||||||
P/P NBN CO LTD 2.625% 5/05/31 | 400 | 317 | |||||||||||||||
P/P NEW ENGLAND POWE 3.800% 12/05/47 | 50 | 38 | |||||||||||||||
P/P NEW YORK LIFE GL 3.000% 1/10/28 | 81 | 75 | |||||||||||||||
P/P NEW YORK LIFE IN 4.450% 5/15/69 | 90 | 74 | |||||||||||||||
P/P NGPL PIPECO LLC 3.250% 7/15/31 | 240 | 195 | |||||||||||||||
P/P NISSAN MOTOR CO 4.345% 9/17/27 | 200 | 181 | |||||||||||||||
P/P NRG ENERGY INC 2.450% 12/02/27 | 225 | 186 | |||||||||||||||
P/P NRG ENERGY INC 4.450% 6/15/29 | 155 | 137 | |||||||||||||||
P/P PARK AEROSPACE 5.500% 2/15/24 | 89 | 88 | |||||||||||||||
P/P PENNSYLVANIA ELE 3.250% 3/15/28 | 26 | 23 | |||||||||||||||
P/P PRUDENTIAL INSUR 8.300% 7/01/25 | 300 | 317 | |||||||||||||||
P/P SAUDI INTERNATIO 2.250% 2/02/33 | 200 | 162 | |||||||||||||||
P/P SCENTRE GROUP TR 3.500% 2/12/25 | 200 | 191 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
51
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
P/P SCHLUMBERGER HLD 3.900% 5/17/28 | 416 | 387 | |||||||||||||||
P/P SES SA 3.600% 4/04/23 | 50 | 50 | |||||||||||||||
P/P SMITHFIELD FOODS 3.000% 10/15/30 | 300 | 228 | |||||||||||||||
P/P STELLANTIS FIN 2.691% 9/15/31 | 209 | 159 | |||||||||||||||
P/P TEACHERS INSUR 4.270% 5/15/47 | 70 | 57 | |||||||||||||||
P/P TEACHERS INSUR 4.900% 9/15/44 | 40 | 37 | |||||||||||||||
P/P TEXAS EASTERN TR 3.500% 1/15/28 | 33 | 30 | |||||||||||||||
P/P TRITON CONTAINER 1.150% 6/07/24 | 200 | 185 | |||||||||||||||
P/P UBS GROUP FUNDIN 4.125% 4/15/26 | 400 | 384 | |||||||||||||||
P/P UNICREDIT SPA 2.569% 9/22/26 | 350 | 310 | |||||||||||||||
P/P VOLKSWAGEN GROUP 4.625% 11/13/25 | 265 | 261 | |||||||||||||||
VR P/P ABN AMRO BANK 2.470% 12/13/29 | 300 | 243 | |||||||||||||||
VR P/P AIB GROUP PLC 4.263% 4/10/25 | 250 | 241 | |||||||||||||||
VR P/P BANK OF IRELA 2.029% 9/30/27 | 227 | 192 | |||||||||||||||
VR P/P BNP PARIBAS 2.588% 8/12/35 | 590 | 432 | |||||||||||||||
VR P/P BNP PARIBAS 2.591% 1/20/28 | 201 | 177 | |||||||||||||||
VR P/P BPCE SA 1.652% 10/06/26 | 250 | 222 | |||||||||||||||
VR P/P BPCE SA 2.277% 1/20/32 | 275 | 206 | |||||||||||||||
VR P/P MACQUARIE BAN 3.052% 3/03/36 | 200 | 145 | |||||||||||||||
VR P/P MACQUARIE GRO 1.340% 1/12/27 | 380 | 331 | |||||||||||||||
VR P/P MACQUARIE GRO 2.871% 1/14/33 | 200 | 153 | |||||||||||||||
VR P/P NATIONAL AUST 3.933% 8/02/34 | 250 | 210 | |||||||||||||||
VR P/P SCENTRE GROUP 4.750% 9/24/80 | 220 | 197 | |||||||||||||||
VR P/P SOCIETE GENER 2.226% 1/21/26 | 670 | 616 | |||||||||||||||
VR P/P SOCIETE GENER 2.889% 6/09/32 | 440 | 339 | |||||||||||||||
VR P/P STANDARD CHAR 1.456% 1/14/27 | 200 | 173 | |||||||||||||||
VR P/P SWISS RE FINA 5.000% 4/02/49 | 200 | 184 | |||||||||||||||
VR P/P UBS GROUP AG 2.095% 2/11/32 | 200 | 151 | |||||||||||||||
VR P/P UNICREDIT SPA 5.861% 6/19/32 | 200 | 176 | |||||||||||||||
Total Private Placement Securities | $ | 20,291 | |||||||||||||||
Total Other Investments | $ | 147,681 | |||||||||||||||
Total Investments, at Fair Value | $ | 5,591,190 | |||||||||||||||
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
52
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
Fully Benefit Responsive Investment Contracts | |||||||||||||||||
U.S. Government and Agency Obligations | |||||||||||||||||
FEDERAL HOME LOAN BANKS 0.5% 4/14/2025 | 10,000 | 9,169 | |||||||||||||||
FEDERAL HOME LOAN MORTGAG 0.375% 7/21/2025 | 18,850 | 17,058 | |||||||||||||||
FFCB 1.125% 1/06/2025 | 2,575 | 2,403 | |||||||||||||||
FGOLD 15YR 3.5% 10/01/2025 | 6 | 5 | |||||||||||||||
FGOLD 15YR 3.5% 11/01/2025 | 10 | 10 | |||||||||||||||
FGOLD 15YR 3.5% 9/01/2025 | 32 | 32 | |||||||||||||||
FGOLD 15YR 4% 10/01/2025 | 1 | 1 | |||||||||||||||
FGOLD 15YR 4% 2/01/2025 | 27 | 27 | |||||||||||||||
FGOLD 15YR 4% 3/01/2025 | 2 | 2 | |||||||||||||||
FGOLD 15YR 4% 7/01/2025 | 113 | 110 | |||||||||||||||
FGOLD 15YR 4% 8/01/2025 | 61 | 59 | |||||||||||||||
FGOLD 15YR 3% 1/01/2027 | 545 | 527 | |||||||||||||||
FGOLD 15YR 3% 1/01/2032 | 328 | 312 | |||||||||||||||
FGOLD 15YR 3% 1/01/2033 | 245 | 230 | |||||||||||||||
FGOLD 15YR 3% 11/01/2025 | 90 | 87 | |||||||||||||||
FGOLD 15YR 3% 11/01/2026 | 81 | 79 | |||||||||||||||
FGOLD 15YR 3% 3/01/2027 | 477 | 462 | |||||||||||||||
FGOLD 15YR 3% 3/01/2033 | 448 | 426 | |||||||||||||||
FGOLD 15YR 3% 8/01/2026 | 9 | 9 | |||||||||||||||
FGOLD 15YR 3.5% 10/01/2025 | 298 | 291 | |||||||||||||||
FGOLD 15YR 3.5% 11/01/2025 | 23 | 23 | |||||||||||||||
FGOLD 15YR 3.5% 12/01/2025 | 207 | 201 | |||||||||||||||
FGOLD 15YR 3.5% 2/01/2026 | 14 | 13 | |||||||||||||||
FGOLD 15YR 3.5% 3/01/2026 | 34 | 33 | |||||||||||||||
FGOLD 15YR 3.5% 4/01/2026 | 20 | 20 | |||||||||||||||
FGOLD 15YR 3.5% 5/01/2026 | 10 | 10 | |||||||||||||||
FGOLD 15YR 3.5% 5/01/2032 | 706 | 683 | |||||||||||||||
FGOLD 15YR 3.5% 6/01/2026 | 176 | 172 | |||||||||||||||
FGOLD 15YR 3.5% 7/01/2026 | 204 | 201 | |||||||||||||||
FGOLD 15YR 3.5% 8/01/2026 | 178 | 174 | |||||||||||||||
FGOLD 15YR 3.5% 9/01/2026 | 19 | 19 | |||||||||||||||
FGOLD 15YR 4% 10/01/2025 | 7 | 6 | |||||||||||||||
FGOLD 15YR 4% 3/01/2026 | 18 | 17 | |||||||||||||||
FGOLD 15YR 4% 5/01/2026 | 114 | 112 | |||||||||||||||
FGOLD 15YR 4% 6/01/2024 | 15 | 15 | |||||||||||||||
FGOLD 15YR 4% 6/01/2025 | 10 | 10 | |||||||||||||||
FGOLD 15YR 4% 6/01/2026 | 425 | 415 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
53
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FGOLD 15YR GIANT 3% 1/01/2027 | 141 | 136 | |||||||||||||||
FGOLD 15YR GIANT 3% 3/01/2031 | 457 | 438 | |||||||||||||||
FGOLD 15YR GIANT 3% 3/01/2032 | 696 | 667 | |||||||||||||||
FGOLD 15YR GIANT 3% 4/01/2033 | 18 | 17 | |||||||||||||||
FGOLD 15YR GIANT 3% 6/01/2027 | 160 | 155 | |||||||||||||||
FGOLD 15YR GIANT 3% 9/01/2030 | 262 | 251 | |||||||||||||||
FGOLD 15YR GIANT 3% 9/01/2031 | 239 | 228 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 1/01/2027 | 187 | 182 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 10/01/2029 | 13 | 12 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 11/01/2025 | 37 | 36 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 11/01/2029 | 195 | 188 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 11/01/2033 | 172 | 165 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 12/01/2029 | 55 | 53 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 12/01/2033 | 158 | 152 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 3/01/2030 | 109 | 105 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 4/01/2026 | 40 | 39 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 4/01/2029 | 67 | 65 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 4/01/2030 | 225 | 220 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 6/01/2029 | 136 | 131 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 7/01/2026 | 41 | 40 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 7/01/2029 | 318 | 307 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 8/01/2026 | 38 | 37 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 8/01/2029 | 420 | 405 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 8/01/2032 | 914 | 893 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 9/01/2025 | 40 | 39 | |||||||||||||||
FGOLD 15YR GIANT 3.5% 9/01/2026 | 20 | 19 | |||||||||||||||
FGOLD 15YR GIANT 4% 10/01/2025 | 11 | 10 | |||||||||||||||
FGOLD 15YR GIANT 4% 12/01/2025 | 14 | 13 | |||||||||||||||
FGOLD 15YR GIANT 4% 12/01/2026 | 49 | 48 | |||||||||||||||
FGOLD 15YR GIANT 4% 5/01/2026 | 51 | 50 | |||||||||||||||
FGOLD 15YR GIANT 4% 7/01/2025 | 10 | 10 | |||||||||||||||
FGOLD 15YR GIANT 4% 7/01/2026 | 21 | 20 | |||||||||||||||
FGOLD 15YR GIANT 5% 3/01/2025 | 15 | 15 | |||||||||||||||
FHLB 2.125% 12/11/2026 | 3,975 | 3,668 | |||||||||||||||
FHLB 2.375% 3/14/2025 | 30,275 | 28,837 | |||||||||||||||
FHLB 2.75% 12/13/2024 | 1,600 | 1,542 | |||||||||||||||
FHLB 5.375% 8/15/2024 | 9,150 | 9,225 | |||||||||||||||
FHLMC 0.375% 9/23/2025 | 15,275 | 13,747 | |||||||||||||||
FHLMC 15YR UMBS 2% 8/01/2035 | 8,355 | 7,450 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
54
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FHLMC 15YR UMBS 3% 12/01/2034 | 952 | 893 | |||||||||||||||
FHLMC 15YR UMBS MIRROR 2.5% 11/01/2032 | 949 | 887 | |||||||||||||||
FHLMC 15YR UMBS MIRROR 2.5% 5/01/2033 | 992 | 918 | |||||||||||||||
FHLMC 15YR UMBS MIRROR 2.5% 7/01/2032 | 449 | 420 | |||||||||||||||
FHLMC 15YR UMBS MIRROR 3% 4/01/2034 | 381 | 357 | |||||||||||||||
FHLMC 15YR UMBS SUPER 2% 10/01/2035 | 7,492 | 6,682 | |||||||||||||||
FHLMC 15YR UMBS SUPER 2% 5/01/2035 | 2,007 | 1,790 | |||||||||||||||
FHLMC 15YR UMBS SUPER 2% 6/01/2035 | 1,631 | 1,459 | |||||||||||||||
FHLMC 15YR UMBS SUPER 2% 9/01/2035 | 7,035 | 6,275 | |||||||||||||||
FHLMC 15YR UMBS SUPER 2.5% 2/01/2035 | 3,744 | 3,436 | |||||||||||||||
FHLMC 15YR UMBS SUPER 2.5% 8/01/2034 | 1,102 | 1,015 | |||||||||||||||
FHLMC 15YR UMBS SUPER 3% 1/01/2034 | 244 | 230 | |||||||||||||||
FHLMC 15YR UMBS SUPER 3% 9/01/2037 | 3,015 | 2,824 | |||||||||||||||
FHLMC 15YR UMBS SUPER 3.5% 6/01/2037 | 2,798 | 2,677 | |||||||||||||||
FHLMC 15YR UMBS SUPER 3.5% 7/01/2037 | 11,613 | 11,110 | |||||||||||||||
FHLMC 15YR UMBS SUPER 4% 8/01/2037 | 1,601 | 1,563 | |||||||||||||||
FHLMC 15YR UMBS SUPER 4.5% 11/01/2037 | 983 | 977 | |||||||||||||||
FHLMC 15YR UMBS SUPER 5% 12/01/2037 | 7,223 | 7,264 | |||||||||||||||
FHLMC 5/1 HYBRID ARM 3.89% 12/01/2036 | 87 | 87 | |||||||||||||||
FHLMC REFERENCE NOTE 1.5% 2/12/2025 | 11,425 | 10,754 | |||||||||||||||
FHLMC_K030 3.25% 4/25/2023 | 2,476 | 2,467 | |||||||||||||||
FHLMC_K031 3.3% 4/25/2023 | 6,926 | 6,884 | |||||||||||||||
FHLMC_K032 3.31% 5/25/2023 | 10,383 | 10,304 | |||||||||||||||
FHLMC_K037 2.592% 4/25/2023 | 48 | 48 | |||||||||||||||
FHLMC_K038 3.389% 3/25/2024 | 2,565 | 2,506 | |||||||||||||||
FHLMC_K039 2.683% 12/25/2023 | 777 | 770 | |||||||||||||||
FHLMC_K040 2.768% 4/25/2024 | 1,274 | 1,252 | |||||||||||||||
FHLMC_K040 3.241% 9/25/2024 | 3,680 | 3,586 | |||||||||||||||
FHLMC_K041 3.171% 10/25/2024 | 1,678 | 1,626 | |||||||||||||||
FHLMC_K043 2.532% 10/25/2023 | 252 | 249 | |||||||||||||||
FHLMC_K047 3.329% 5/25/2025 | 1,980 | 1,918 | |||||||||||||||
FHLMC_K050 2.802% 1/25/2025 | 2,823 | 2,744 | |||||||||||||||
FHLMC_K050 3.334% 8/25/2025 | 2,129 | 2,047 | |||||||||||||||
FHLMC_K052 3.151% 11/25/2025 | 1,668 | 1,603 | |||||||||||||||
FHLMC_K724 3.062% 11/25/2023 | 236 | 232 | |||||||||||||||
FHLMC_K728 3.064% 8/25/2024 | 1,715 | 1,668 | |||||||||||||||
FHLMC_K729 3.136% 10/25/2024 | 130 | 126 | |||||||||||||||
FHLMC_K736 1.895% 6/25/2025 | 2,164 | 2,099 | |||||||||||||||
FHMS_17-K066 2.797% 12/25/2026 | 2,232 | 2,136 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
55
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FHMS_K053 2.995% 12/25/2025 | 6,185 | 5,913 | |||||||||||||||
FNMA 15YR 3.5% 1/01/2026 | 128 | 125 | |||||||||||||||
FNMA 15YR 3.5% 10/01/2025 | 130 | 127 | |||||||||||||||
FNMA 15YR 3.5% 11/01/2025 | 378 | 370 | |||||||||||||||
FNMA 15YR 3.5% 12/01/2025 | 66 | 65 | |||||||||||||||
FNMA 15YR 3.5% 12/01/2026 | 3 | 3 | |||||||||||||||
FNMA 15YR 3.5% 2/01/2026 | 150 | 147 | |||||||||||||||
FNMA 15YR 3.5% 3/01/2026 | 39 | 38 | |||||||||||||||
FNMA 15YR 3.5% 7/01/2026 | 3 | 3 | |||||||||||||||
FNMA 15YR 3.5% 8/01/2026 | 49 | 48 | |||||||||||||||
FNMA 15YR 3.5% 9/01/2025 | 28 | 27 | |||||||||||||||
FNMA 15YR 3.5% 9/01/2026 | 2 | 2 | |||||||||||||||
FNMA 15YR 4% 1/01/2025 | 4 | 4 | |||||||||||||||
FNMA 15YR 4% 2/01/2026 | 9 | 9 | |||||||||||||||
FNMA 15YR 4% 4/01/2025 | 72 | 71 | |||||||||||||||
FNMA 15YR 4% 5/01/2025 | 47 | 46 | |||||||||||||||
FNMA 15YR 4% 6/01/2025 | 9 | 9 | |||||||||||||||
FNMA 15YR 4% 9/01/2024 | 42 | 41 | |||||||||||||||
FNMA 15YR 4% 9/01/2025 | 16 | 15 | |||||||||||||||
FNMA 15YR 4.5% 12/01/2024 | 10 | 10 | |||||||||||||||
FNMA 15YR 4.5% 4/01/2025 | 5 | 5 | |||||||||||||||
FNMA 15YR 4.5% 7/01/2023 | 1 | 1 | |||||||||||||||
FNMA 15YR 4.5% 7/01/2025 | 1 | 1 | |||||||||||||||
FNMA 15YR 5% 2/01/2023 | 1 | 1 | |||||||||||||||
FNMA 15YR 5% 7/01/2023 | 2 | 2 | |||||||||||||||
FNMA 15YR 5.5% 8/01/2023 | 1 | 1 | |||||||||||||||
FNMA 15YR 6% 4/01/2023 | 4 | 4 | |||||||||||||||
FNMA 0.625% 4/22/2025 | 11,850 | 10,866 | |||||||||||||||
FNMA 10/1 HYBRID ARM 3.71% 10/01/2034 | 5 | 5 | |||||||||||||||
FNMA 10/1 HYBRID ARM 4.069% 12/01/2033 | 2 | 2 | |||||||||||||||
FNMA 15YR 2.5% 2/01/2033 | 1,237 | 1,157 | |||||||||||||||
FNMA 15YR 3% 1/01/2031 | 17 | 16 | |||||||||||||||
FNMA 15YR 3% 1/01/2032 | 501 | 479 | |||||||||||||||
FNMA 15YR 3% 1/01/2033 | 1,414 | 1,344 | |||||||||||||||
FNMA 15YR 3% 1/01/2034 | 961 | 903 | |||||||||||||||
FNMA 15YR 3% 10/01/2030 | 2,089 | 1,996 | |||||||||||||||
FNMA 15YR 3% 10/01/2031 | 43 | 41 | |||||||||||||||
FNMA 15YR 3% 10/01/2033 | 999 | 938 | |||||||||||||||
FNMA 15YR 3% 11/01/2030 | 438 | 418 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
56
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FNMA 15YR 3% 11/01/2031 | 654 | 625 | |||||||||||||||
FNMA 15YR 3% 11/01/2033 | 641 | 602 | |||||||||||||||
FNMA 15YR 3% 2/01/2030 | 378 | 362 | |||||||||||||||
FNMA 15YR 3% 2/01/2031 | 1,897 | 1,812 | |||||||||||||||
FNMA 15YR 3% 2/01/2032 | 466 | 444 | |||||||||||||||
FNMA 15YR 3% 2/01/2034 | 630 | 591 | |||||||||||||||
FNMA 15YR 3% 3/01/2031 | 246 | 235 | |||||||||||||||
FNMA 15YR 3% 3/01/2032 | 230 | 218 | |||||||||||||||
FNMA 15YR 3% 3/01/2033 | 341 | 324 | |||||||||||||||
FNMA 15YR 3% 4/01/2031 | 299 | 286 | |||||||||||||||
FNMA 15YR 3% 4/01/2032 | 2,157 | 2,067 | |||||||||||||||
FNMA 15YR 3% 5/01/2031 | 951 | 910 | |||||||||||||||
FNMA 15YR 3% 6/01/2034 | 241 | 227 | |||||||||||||||
FNMA 15YR 3% 7/01/2027 | 77 | 75 | |||||||||||||||
FNMA 15YR 3% 7/01/2030 | 135 | 129 | |||||||||||||||
FNMA 15YR 3% 7/01/2032 | 884 | 841 | |||||||||||||||
FNMA 15YR 3% 8/01/2031 | 367 | 351 | |||||||||||||||
FNMA 15YR 3% 9/01/2029 | 486 | 468 | |||||||||||||||
FNMA 15YR 3% 9/01/2031 | 544 | 521 | |||||||||||||||
FNMA 15YR 3% 9/01/2032 | 677 | 643 | |||||||||||||||
FNMA 15YR 3% 9/01/2033 | 476 | 447 | |||||||||||||||
FNMA 15YR 3.5% 1/01/2026 | 81 | 79 | |||||||||||||||
FNMA 15YR 3.5% 1/01/2027 | 316 | 308 | |||||||||||||||
FNMA 15YR 3.5% 1/01/2029 | 12 | 12 | |||||||||||||||
FNMA 15YR 3.5% 1/01/2030 | 505 | 488 | |||||||||||||||
FNMA 15YR 3.5% 1/01/2034 | 229 | 220 | |||||||||||||||
FNMA 15YR 3.5% 10/01/2026 | 359 | 349 | |||||||||||||||
FNMA 15YR 3.5% 10/01/2028 | 204 | 197 | |||||||||||||||
FNMA 15YR 3.5% 10/01/2029 | 32 | 31 | |||||||||||||||
FNMA 15YR 3.5% 11/01/2026 | 26 | 26 | |||||||||||||||
FNMA 15YR 3.5% 11/01/2027 | 8 | 8 | |||||||||||||||
FNMA 15YR 3.5% 11/01/2028 | 149 | 147 | |||||||||||||||
FNMA 15YR 3.5% 11/01/2029 | 117 | 112 | |||||||||||||||
FNMA 15YR 3.5% 12/01/2025 | 143 | 140 | |||||||||||||||
FNMA 15YR 3.5% 12/01/2026 | 89 | 87 | |||||||||||||||
FNMA 15YR 3.5% 12/01/2028 | 103 | 100 | |||||||||||||||
FNMA 15YR 3.5% 12/01/2029 | 641 | 618 | |||||||||||||||
FNMA 15YR 3.5% 12/01/2032 | 675 | 652 | |||||||||||||||
FNMA 15YR 3.5% 2/01/2026 | 104 | 103 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
57
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FNMA 15YR 3.5% 2/01/2027 | 19 | 19 | |||||||||||||||
FNMA 15YR 3.5% 2/01/2028 | 2 | 2 | |||||||||||||||
FNMA 15YR 3.5% 2/01/2029 | 443 | 428 | |||||||||||||||
FNMA 15YR 3.5% 2/01/2031 | 396 | 385 | |||||||||||||||
FNMA 15YR 3.5% 2/01/2032 | 1,153 | 1,126 | |||||||||||||||
FNMA 15YR 3.5% 2/01/2034 | 36 | 34 | |||||||||||||||
FNMA 15YR 3.5% 3/01/2026 | 10 | 8 | |||||||||||||||
FNMA 15YR 3.5% 4/01/2026 | 128 | 125 | |||||||||||||||
FNMA 15YR 3.5% 4/01/2027 | 40 | 38 | |||||||||||||||
FNMA 15YR 3.5% 4/01/2030 | 238 | 234 | |||||||||||||||
FNMA 15YR 3.5% 4/01/2034 | 850 | 817 | |||||||||||||||
FNMA 15YR 3.5% 5/01/2026 | 7 | 6 | |||||||||||||||
FNMA 15YR 3.5% 5/01/2027 | 64 | 62 | |||||||||||||||
FNMA 15YR 3.5% 5/01/2029 | 97 | 95 | |||||||||||||||
FNMA 15YR 3.5% 6/01/2027 | 301 | 296 | |||||||||||||||
FNMA 15YR 3.5% 6/01/2029 | 229 | 220 | |||||||||||||||
FNMA 15YR 3.5% 6/01/2030 | 253 | 248 | |||||||||||||||
FNMA 15YR 3.5% 7/01/2029 | 706 | 687 | |||||||||||||||
FNMA 15YR 3.5% 8/01/2026 | 59 | 57 | |||||||||||||||
FNMA 15YR 3.5% 8/01/2027 | 106 | 104 | |||||||||||||||
FNMA 15YR 3.5% 8/01/2029 | 454 | 438 | |||||||||||||||
FNMA 15YR 3.5% 8/01/2032 | 515 | 503 | |||||||||||||||
FNMA 15YR 3.5% 8/01/2033 | 159 | 153 | |||||||||||||||
FNMA 15YR 3.5% 9/01/2026 | 425 | 414 | |||||||||||||||
FNMA 15YR 3.5% 9/01/2028 | 244 | 240 | |||||||||||||||
FNMA 15YR 3.5% 9/01/2029 | 811 | 782 | |||||||||||||||
FNMA 15YR 3.5% 9/01/2033 | 372 | 358 | |||||||||||||||
FNMA 15YR 4% 1/01/2029 | 260 | 256 | |||||||||||||||
FNMA 15YR 4% 11/01/2026 | 67 | 65 | |||||||||||||||
FNMA 15YR 4% 5/01/2027 | 3 | 3 | |||||||||||||||
FNMA 15YR 4% 7/01/2025 | 10 | 10 | |||||||||||||||
FNMA 15YR 4% 8/01/2026 | 13 | 12 | |||||||||||||||
FNMA 15YR 4% 9/01/2025 | 3 | 3 | |||||||||||||||
FNMA 15YR 4% 9/01/2027 | 16 | 16 | |||||||||||||||
FNMA 15YR 4.5% 5/01/2024 | 14 | 14 | |||||||||||||||
FNMA 15YR 4.5% 6/01/2026 | 30 | 30 | |||||||||||||||
FNMA 15YR 5% 2/01/2023 | 1 | 1 | |||||||||||||||
FNMA 15YR 5% 4/01/2024 | 1 | 1 | |||||||||||||||
FNMA 15YR 5% 7/01/2025 | 7 | 7 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
58
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
FNMA 15YR UMBS 2% 7/01/2035 | 5,317 | 4,743 | |||||||||||||||
FNMA 15YR UMBS 2% 7/01/2037 | 8,929 | 7,964 | |||||||||||||||
FNMA 15YR UMBS 2.5% 10/01/2034 | 1,901 | 1,751 | |||||||||||||||
FNMA 15YR UMBS 2.5% 12/01/2034 | 2,015 | 1,856 | |||||||||||||||
FNMA 15YR UMBS 2.5% 2/01/2035 | 4,008 | 3,691 | |||||||||||||||
FNMA 15YR UMBS 2.5% 5/01/2035 | 1,132 | 1,036 | |||||||||||||||
FNMA 15YR UMBS 2.5% 8/01/2034 | 4,057 | 3,736 | |||||||||||||||
FNMA 15YR UMBS 3% 6/01/2037 | 11,708 | 10,965 | |||||||||||||||
FNMA 15YR UMBS 3% 7/01/2034 | 1,012 | 950 | |||||||||||||||
FNMA 15YR UMBS 3% 8/01/2034 | 41 | 38 | |||||||||||||||
FNMA 15YR UMBS 3.5% 7/01/2037 | 2,302 | 2,202 | |||||||||||||||
FNMA 15YR UMBS 4% 8/01/2037 | 3,881 | 3,788 | |||||||||||||||
FNMA 15YR UMBS 4.5% 11/01/2037 | 991 | 985 | |||||||||||||||
FNMA 15YR UMBS 4.5% 12/01/2037 | 1,006 | 1,000 | |||||||||||||||
FNMA 15YR UMBS 5% 11/01/2037 | 230 | 232 | |||||||||||||||
FNMA 15YR UMBS 5% 12/01/2037 | 1,104 | 1,110 | |||||||||||||||
FNMA 15YR UMBS SUPER 2% 7/01/2035 | 2,241 | 1,999 | |||||||||||||||
FNMA 15YR UMBS SUPER 2% 8/01/2035 | 3,351 | 2,989 | |||||||||||||||
FNMA 15YR UMBS SUPER 2% 9/01/2035 | 7,135 | 6,364 | |||||||||||||||
FNMA 15YR UMBS SUPER 4% 9/01/2037 | 3,013 | 2,941 | |||||||||||||||
FNMA 2.625% 9/06/2024 | 22,050 | 21,391 | |||||||||||||||
FNMA 2.875% 9/12/2023 | 4,075 | 4,018 | |||||||||||||||
FNMA 6M LIBOR ARM 2.917% 9/01/2035 | 119 | 118 | |||||||||||||||
FNMA 6M LIBOR ARM 3.157% 3/01/2034 | 72 | 71 | |||||||||||||||
FNMA 6M LIBOR ARM 3.165% 11/01/2032 | 24 | 23 | |||||||||||||||
FNMA 6M LIBOR ARM 3.268% 4/01/2035 | 70 | 69 | |||||||||||||||
FNMA 6M LIBOR ARM 3.665% 12/01/2032 | 67 | 66 | |||||||||||||||
FNMA 7/1 HYBRID ARM 2.245% 3/01/2036 | 14 | 14 | |||||||||||||||
FNMA 7/1 HYBRID ARM 3.918% 1/01/2034 | 31 | 31 | |||||||||||||||
FNMA BENCHMARK NOTE 0.375% 8/25/2025 | 12,500 | 11,278 | |||||||||||||||
FNMA BENCHMARK NOTE 0.5% 11/07/2025 | 400 | 360 | |||||||||||||||
FNMA_03-W11 4.72% 6/25/2033 | 1 | 1 | |||||||||||||||
TREASURY NOTE 0.25% 6/30/2025 | 55,550 | 50,316 | |||||||||||||||
TREASURY NOTE 0.375% 9/30/2027 | 74,575 | 62,882 | |||||||||||||||
UMBS 15YR TBA(REG B) 3% 1/17/2038 | 68,375 | 64,036 | |||||||||||||||
UMBS 15YR TBA(REG B) 3.5% 1/17/2038 | 84,225 | 80,568 | |||||||||||||||
UMBS 15YR TBA(REG B) 4% 1/17/2038 | 1,550 | 1,511 | |||||||||||||||
UMBS 15YR TBA(REG B) 4.5% 1/17/2038 | 4,675 | 4,643 | |||||||||||||||
Total U.S. Government and Agency Obligations | $ | 620,062 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
59
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2022
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount (in thousands) | (e) Current Value (in thousands) | |||||||||||||||
Common/Collective Trusts | |||||||||||||||||
* | COLUMBIA TR GOVT MM FUND 0% 1/00/1900 | 160,651 | 160,651 | ||||||||||||||
Total Common/Collective Trusts | $ | 160,651 | |||||||||||||||
Total Fully Benefit Responsive Investment Contracts, at Fair Value | $ | 780,713 | |||||||||||||||
Adjustment from Fair Value to Contract Value | |||||||||||||||||
AMERICAN UNITED LIFE - S00016, 2.440% | 6,273 | ||||||||||||||||
* | JP MORGAN CHASE I - #AISP01, MATURES 12/31/50, 4.24% | 6,709 | |||||||||||||||
LINCOLN NATIONAL LIFE | 6,293 | ||||||||||||||||
MET LIFE - #28972, MATURES 12/31/50, 3.98% | 4,775 | ||||||||||||||||
Met LIFE (SA)- #32745 | — | ||||||||||||||||
MONUMENT LIFE II - #MDA00633TR, MATURES 12/31/50, 4.11% | — | ||||||||||||||||
MONUMENT LIFE V - #MDS00375TR, MATURES 12/31/50, 4.08% | 8,086 | ||||||||||||||||
PACIFIC LIFE - # 26755, MATURES 12/31/50, 4.00% | 5,802 | ||||||||||||||||
PRUDENTIAL GA63690 | 7,217 | ||||||||||||||||
RBC I - #10903, MATURES 12/31/50, 4.02% | 4,389 | ||||||||||||||||
Total Adjustments | $ | 49,544 | |||||||||||||||
Total Fully Benefit Responsive Investment Contracts, at Contract Value | $ | 830,257 | |||||||||||||||
TOTAL INVESTMENTS | $ | 6,421,447 | |||||||||||||||
Loan to Participants | |||||||||||||||||
Various Loans - 3.25% through 9.50% due through September 30, 2047 (cost $0) | 58,784 | ||||||||||||||||
Loans to Participants Total | $ | 58,784 |
* Indicates party-in-interest (Refer to Note 8, Related Parties and Parties-In-Interest Transactions)
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
60
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
For the Year Ended December 31, 2022
(a) & (b) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date | Number of Shares/ Units or Face Amount | (d) Proceeds of dispositions | ||||||||||||
(in thousands) | (in thousands) | |||||||||||||
CORPORATE DEBT INSTRUMENTS | ||||||||||||||
CITIGROUP INC V-D 4.658% 5/24/28 | 275 | 267 | ||||||||||||
CREDIT SUIS CONV V-D 6.373% 7/15/26 | 250 | 246 | ||||||||||||
CREDIT SUISSE AG 3.700% 2/21/25 | 250 | 243 | ||||||||||||
ENERGY TRANSFER OPER 5.000% 5/15/50 | 100 | 115 | ||||||||||||
FLORIDA POWER & LIGH 2.450% 2/03/32 | 202 | 176 | ||||||||||||
FORD CREDIT AUTO OWN 1.290% 6/15/26 | 297 | 284 | ||||||||||||
GLOBAL PAYMENTS INC 5.300% 8/15/29 | 66 | 65 | ||||||||||||
GSK CONSUMER HEALTH 3.625% 3/24/32 | 250 | 239 | ||||||||||||
HCA INC 4.625% 3/15/52 | 103 | 84 | ||||||||||||
MITSUBISHI FIN V-A 5.063% 9/12/25 | 309 | 307 | ||||||||||||
MORGAN STANLEY V-Q 4.958% 1/24/25 | 1,735 | 1,709 | ||||||||||||
PACIFIC GAS & ELECTR 3.250% 2/16/24 | 390 | 378 | ||||||||||||
VR QUALCOMM INC 5.145% 1/30/23 | 3,000 | 3,006 | ||||||||||||
WELLS FARGO & COMPAN 4.150% 1/24/29 | 885 | 863 | ||||||||||||
* Indicates party-in-interest
61
SIGNATURE
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN | |||||||||||
Date: June 14, 2023 | By | /s/ Rita Pang | |||||||||
Rita Pang | |||||||||||
Employee Benefits Administration Committee |
62
EXHIBIT INDEX
Exhibit Number | Description | How Filed | ||||||
23 | Electronically filed herewith |
E-1