T. Rowe Price Equity Income Fd (PRFDX) NPORT-P T. Rowe Price Equity Income Fund, Inc. (Sep 2024 report)

T.

ROWE

PRICE

Equity

Income

Fund

September

30,

2024

(Unaudited)

1

Portfolio

of

Investments

‡

Shares

$

Value

(Cost

and

value

in

$000s)

‡

COMMON

STOCKS

 97.8%

COMMUNICATION

SERVICES

 3.6%

Diversified

Telecommunication

Services

 0.4%

AT&T 

927,147‌

20,397‌

Verizon

Communications 

1,316,199‌

59,111‌

79,508‌

Entertainment

 1.0%

Walt

Disney 

1,925,520‌

185,216‌

185,216‌

Media

 2.2%

Comcast,

Class

A 

2,716,358‌

113,462‌

News,

Class

A 

10,371,224‌

276,186‌

News,

Class

B 

463,574‌

12,957‌

402,605‌

Total

Communication

Services

667,329‌

CONSUMER

DISCRETIONARY

 2.3%

Broadline

Retail

 0.3%

Kohl's 

2,702,535‌

57,023‌

57,023‌

Hotels,

Restaurants

&

Leisure

 1.1%

Las

Vegas

Sands 

4,014,349‌

202,082‌

202,082‌

Leisure

Products

 0.5%

Mattel (1)

4,617,318‌

87,960‌

87,960‌

Specialty

Retail

 0.4%

Home

Depot 

50,000‌

20,260‌

TJX 

512,890‌

60,285‌

80,545‌

Total

Consumer

Discretionary

427,610‌

CONSUMER

STAPLES

 9.0%

Consumer

Staples

Distribution

&

Retail

 1.5%

Dollar

General 

641,386‌

54,242‌

Walmart 

2,692,672‌

217,433‌

271,675‌

Food

Products

 1.8%

Conagra

Brands 

4,704,026‌

152,975‌

Mondelez

International,

Class

A 

275,075‌

20,265‌

T.

ROWE

PRICE

Equity

Income

Fund

2

Shares

$

Value

(Cost

and

value

in

$000s)

‡

Tyson

Foods,

Class

A 

2,623,629‌

156,263‌

329,503‌

Household

Products

 2.3%

Colgate-Palmolive 

1,257,566‌

130,548‌

Kimberly-Clark 

2,081,149‌

296,106‌

426,654‌

Personal

Care

Products

 1.7%

Kenvue 

13,187,187‌

305,020‌

305,020‌

Tobacco

 1.7%

Philip

Morris

International 

2,579,244‌

313,120‌

313,120‌

Total

Consumer

Staples

1,645,972‌

ENERGY

 8.6%

Energy

Equipment

&

Services

 0.5%

Baker

Hughes 

1,425,000‌

51,514‌

Schlumberger 

745,000‌

31,252‌

82,766‌

Oil,

Gas

&

Consumable

Fuels

 8.1%

Chesapeake

Energy 

369,872‌

30,422‌

Chevron 

216,992‌

31,956‌

ConocoPhillips 

605,000‌

63,694‌

Enbridge 

1,839,499‌

74,702‌

EOG

Resources 

838,378‌

103,062‌

EQT 

2,885,005‌

105,707‌

Exxon

Mobil 

2,490,405‌

291,925‌

Hess 

290,966‌

39,513‌

Marathon

Oil 

2,796,236‌

74,464‌

Suncor

Energy 

3,462,674‌

127,842‌

TC

Energy 

1,834,568‌

87,234‌

TotalEnergies

(EUR) 

4,585,000‌

297,729‌

TotalEnergies,

ADR 

784,130‌

50,670‌

Williams 

2,199,508‌

100,408‌

1,479,328‌

Total

Energy

1,562,094‌

FINANCIALS

 21.5%

Banks

 8.4%

Bank

of

America 

2,685,000‌

106,541‌

Citigroup 

3,850,000‌

241,010‌

Fifth

Third

Bancorp 

3,780,000‌

161,935‌

T.

ROWE

PRICE

Equity

Income

Fund

3

Shares

$

Value

(Cost

and

value

in

$000s)

‡

Huntington

Bancshares 

14,840,000‌

218,148‌

JPMorgan

Chase 

1,188,524‌

250,612‌

U.S.

Bancorp 

3,880,512‌

177,456‌

Wells

Fargo 

6,376,602‌

360,214‌

1,515,916‌

Capital

Markets

 1.9%

Bank

of

New

York

Mellon 

325,000‌

23,355‌

Charles

Schwab 

4,100,000‌

265,721‌

Morgan

Stanley 

547,411‌

57,062‌

346,138‌

Financial

Services

 2.8%

Apollo

Global

Management 

394,531‌

49,281‌

Equitable

Holdings 

5,957,413‌

250,390‌

Fiserv (1)

1,119,481‌

201,115‌

500,786‌

Insurance

 8.4%

American

International

Group 

4,546,966‌

332,974‌

Chubb 

1,285,000‌

370,581‌

Hartford

Financial

Services

Group 

2,180,000‌

256,390‌

Loews 

2,327,731‌

184,007‌

MetLife 

4,570,000‌

376,934‌

1,520,886‌

Total

Financials

3,883,726‌

HEALTH

CARE

 16.7%

Biotechnology

 0.5%

AbbVie 

216,992‌

42,852‌

Biogen (1)

256,445‌

49,709‌

92,561‌

Health

Care

Equipment

&

Supplies

 4.4%

Becton

Dickinson

&

Company 

1,292,088‌

311,522‌

GE

HealthCare

Technologies 

505,000‌

47,394‌

Medtronic 

1,969,728‌

177,335‌

Zimmer

Biomet

Holdings 

2,441,158‌

263,523‌

799,774‌

Health

Care

Providers

&

Services

 6.4%

Cardinal

Health 

235,778‌

26,058‌

Centene (1)

360,009‌

27,102‌

Cigna

Group 

586,864‌

203,313‌

CVS

Health 

3,130,000‌

196,814‌

Elevance

Health 

783,000‌

407,160‌

Humana 

93,329‌

29,561‌

T.

ROWE

PRICE

Equity

Income

Fund

4

Shares

$

Value

(Cost

and

value

in

$000s)

‡

UnitedHealth

Group 

469,000‌

274,215‌

1,164,223‌

Life

Sciences

Tools

&

Services

 0.4%

Thermo

Fisher

Scientific 

105,000‌

64,950‌

64,950‌

Pharmaceuticals

 5.0%

AstraZeneca,

ADR 

1,987,448‌

154,842‌

Bristol-Myers

Squibb 

2,012,106‌

104,107‌

Johnson

&

Johnson 

1,301,951‌

210,994‌

Merck 

567,138‌

64,404‌

Pfizer 

2,919,527‌

84,491‌

Sanofi

(EUR) 

1,006,053‌

115,836‌

Sanofi,

ADR 

660,839‌

38,084‌

Viatris 

11,066,585‌

128,483‌

901,241‌

Total

Health

Care

3,022,749‌

INDUSTRIALS

&

BUSINESS

SERVICES

 12.8%

Aerospace

&

Defense

 4.7%

Boeing (1)

1,060,301‌

161,208‌

General

Electric 

1,962,790‌

370,143‌

L3Harris

Technologies 

1,381,832‌

328,696‌

860,047‌

Air

Freight

&

Logistics

 1.0%

United

Parcel

Service,

Class

B 

1,366,062‌

186,249‌

186,249‌

Commercial

Services

&

Supplies

 0.3%

Stericycle (1)

902,489‌

55,052‌

55,052‌

Electrical

Equipment

 0.7%

GE

Vernova (1)

390,000‌

99,442‌

Rockwell

Automation 

118,359‌

31,775‌

131,217‌

Ground

Transportation

 1.2%

CSX 

2,490,000‌

85,980‌

Norfolk

Southern 

405,000‌

100,642‌

Union

Pacific 

100,000‌

24,648‌

211,270‌

Industrial

Conglomerates

 1.9%

3M 

456,820‌

62,447‌

Honeywell

International 

256,445‌

53,010‌

T.

ROWE

PRICE

Equity

Income

Fund

5

Shares

$

Value

(Cost

and

value

in

$000s)

‡

Siemens

(EUR) 

1,178,890‌

238,499‌

353,956‌

Machinery

 2.2%

Cummins 

353,667‌

114,514‌

Stanley

Black

&

Decker 

2,667,238‌

293,743‌

408,257‌

Passenger

Airlines

 0.8%

Southwest

Airlines 

5,103,610‌

151,220‌

151,220‌

Total

Industrials

&

Business

Services

2,357,268‌

INFORMATION

TECHNOLOGY

 9.2%

Communications

Equipment

 0.3%

Cisco

Systems 

1,025,780‌

54,592‌

54,592‌

Electronic

Equipment,

Instruments

&

Components

 1.1%

TE

Connectivity 

1,305,000‌

197,042‌

197,042‌

IT

Services

 0.8%

Accenture,

Class

A 

409,326‌

144,688‌

144,688‌

Semiconductors

&

Semiconductor

Equipment

 4.5%

Advanced

Micro

Devices (1)

172,607‌

28,321‌

Applied

Materials 

960,000‌

193,968‌

Intel 

2,653,219‌

62,245‌

QUALCOMM 

2,086,081‌

354,738‌

Texas

Instruments 

844,871‌

174,525‌

813,797‌

Software

 1.7%

Microsoft 

612,000‌

263,343‌

Salesforce 

145,000‌

39,688‌

303,031‌

Technology

Hardware,

Storage

&

Peripherals

 0.8%

Samsung

Electronics

(KRW) 

3,049,833‌

142,546‌

142,546‌

Total

Information

Technology

1,655,696‌

MATERIALS

 3.2%

Chemicals

 1.7%

CF

Industries

Holdings 

3,649,408‌

313,119‌

313,119‌

T.

ROWE

PRICE

Equity

Income

Fund

6

Shares

$

Value

(Cost

and

value

in

$000s)

‡

Containers

&

Packaging

 1.5%

International

Paper 

5,562,882‌

271,747‌

271,747‌

Total

Materials

584,866‌

REAL

ESTATE

 4.4%

Industrial

Real

Estate

Investment

Trusts

 0.5%

Rexford

Industrial

Realty,

REIT 

1,950,066‌

98,108‌

98,108‌

Office

Real

Estate

Investment

Trusts

 0.1%

Vornado

Realty

Trust,

REIT 

280,018‌

11,033‌

11,033‌

Residential

Real

Estate

Investment

Trusts

 1.5%

Equity

Residential,

REIT 

3,545,000‌

263,961‌

263,961‌

Specialized

Real

Estate

Investment

Trusts

 2.3%

Rayonier,

REIT 

4,137,640‌

133,149‌

Weyerhaeuser,

REIT 

8,225,964‌

278,531‌

411,680‌

Total

Real

Estate

784,782‌

UTILITIES

 6.4%

Electric

Utilities

 3.1%

NextEra

Energy 

1,455,000‌

122,991‌

PG&E 

1,444,140‌

28,551‌

Southern 

4,482,854‌

404,264‌

555,806‌

Gas

Utilities

 0.1%

Atmos

Energy 

138,291‌

19,182‌

19,182‌

Multi-Utilities

 3.2%

Ameren 

2,130,000‌

186,290‌

Dominion

Energy 

3,511,323‌

202,919‌

NiSource 

1,331,541‌

46,138‌

Sempra 

1,671,824‌

139,815‌

575,162‌

Total

Utilities

1,150,150‌

Total

Miscellaneous

Common

Stocks

 0.1%

 (2)

14,604‌

Total

Common

Stocks

(Cost

$11,653,329)

17,756,846‌

T.

ROWE

PRICE

Equity

Income

Fund

7

Shares

$

Value

(Cost

and

value

in

$000s)

‡

CONVERTIBLE

PREFERRED

STOCKS

 0.2%

UTILITIES

 0.2%

Electric

Utilities

 0.2%

NextEra

Energy,

6.926%,

9/1/25 

694,050‌

32,433‌

Total

Utilities

32,433‌

Total

Convertible

Preferred

Stocks

(Cost

$33,835)

32,433‌

PREFERRED

STOCKS

 0.9%

CONSUMER

DISCRETIONARY

 0.9%

Automobiles

 0.9%

Dr.

Ing.

h.c.

F.

Porsche

(EUR) 

1,041,353‌

83,219‌

Volkswagen

(EUR) 

680,565‌

72,284‌

Total

Consumer

Discretionary

155,503‌

Total

Preferred

Stocks

(Cost

$186,269)

155,503‌

SHORT-TERM

INVESTMENTS

 1.0%

Money

Market

Funds

 1.0%

T.

Rowe

Price

Government

Reserve

Fund,

4.97% (3)(4)

183,963,013‌

183,963‌

Total

Short-Term

Investments

(Cost

$183,963)

183,963‌

Total

Investments

in

Securities

 99.9%

(Cost

$12,057,396)

$

18,128,745‌

Other

Assets

Less

Liabilities

0.1%

24,682‌

Net

Assets

100.0%

$

18,153,427‌

‡

Shares

are

denominated

in

U.S.

dollars

unless

otherwise

noted.

(1)

Non-income

producing

(2)

The

identity

of

certain

securities

has

been

concealed

to

protect

the

fund

while

it

completes

a

purchase

or

selling

program

for

the

securities.

(3)

Seven-day

yield

(4)

Affiliated

Companies

ADR

American

Depositary

Receipts

EUR

Euro

KRW

South

Korean

Won

REIT

A

domestic

Real

Estate

Investment

Trust

whose

distributions

pass-through

with

original

tax

character

to

the

shareholder

T.

ROWE

PRICE

Equity

Income

Fund

8

The

accompanying

notes

are

an

integral

part

of

this

Portfolio

of

Investments.

AFFILIATED

COMPANIES

($000s)

The

fund

may

invest

in

certain

securities

that

are

considered

affiliated

companies.

As

defined

by

the

1940

Act,

an

affiliated

company

is

one

in

which

the

fund

owns

5%

or

more

of

the

outstanding

voting

securities,

or

a

company

that

is

under

common

ownership

or

control.

The

following

securities

were

considered

affiliated

companies

for

all

or

some

portion

of

the

nine

months

ended

September

30,

2024.

Net

realized

gain

(loss),

investment

income,

change

in

net

unrealized

gain/loss,

and

purchase

and

sales

cost

reflect

all

activity

for

the

period

then

ended.

Affiliate

Net

Realized

Gain

(Loss)

Change

in

Net

Unrealized

Gain/Loss

Investment

Income

T.

Rowe

Price

Government

Reserve

Fund,

4.97%

$

—‌

$

—‌

$

6,194‌++

Totals

$

—‌#

$

—‌

$

6,194‌+

Supplementary

Investment

Schedule

Affiliate

Value

12/31/23

Purchase

Cost

Sales

Cost

Value

09/30/24

T.

Rowe

Price

Government

Reserve

Fund,

4.97%

$

143,611‌

 ¤

 ¤

$

183,963‌

Total

$

183,963‌^

#

Capital

gain

distributions

from

underlying

Price

funds

represented

$0

of

the

net

realized

gain

(loss).

++

Excludes

earnings

on

securities

lending

collateral,

which

are

subject

to

rebates

and

fees.

+

Investment

income

comprised

$6,194

of

dividend

income

and

$0

of

interest

income.

¤

Purchase

and

sale

information

not

shown

for

cash

management

funds.

^

The

cost

basis

of

investments

in

affiliated

companies

was

$183,963.

T.

ROWE

PRICE

Equity

Income

Fund

Unaudited

Notes

to

Portfolio

of

Investments

9

T.

Rowe

Price

Equity

Income

Fund,

Inc. (the

fund) is

registered

under

the

Investment

Company

Act

of

1940

(the

1940

Act)

as

an

open-end

management

investment

company

and

follows

accounting

and

reporting

guidance

of

the

Financial

Accounting

Standards

Board

Accounting

Standards

Codification

Topic

946.

The

accompanying

Portfolio

of

Investments

was

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(GAAP).

For

additional

information

on

the

fund’s

significant

accounting

policies

and

investment

related

disclosures,

please

refer

to

the

fund’s most

recent

semiannual

or

annual

shareholder

report

and

its

prospectus.

VALUATION 

Fair

Value

  The

fund’s

financial

instruments

are

valued

at

the

close

of

the

New

York

Stock

Exchange

(NYSE),

normally

4

p.m.

ET,

each

day

the

NYSE

is

open

for

business,

and

are

reported

at

fair

value,

which

GAAP

defines

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. The fund’s

Board

of

Directors

(the

Board)

has

designated

T.

Rowe

Price

Associates,

Inc.

as

the

fund’s

valuation

designee

(Valuation

Designee).

Subject

to

oversight

by

the

Board,

the

Valuation

Designee

performs

the

following

functions

in

performing

fair

value

determinations:

assesses

and

manages

valuation

risks;

establishes

and

applies

fair

value

methodologies;

tests

fair

value

methodologies;

and

evaluates

pricing

vendors

and

pricing

agents.

The

duties

and

responsibilities

of

the

Valuation

Designee

are

performed

by

its

Valuation

Committee. The

Valuation

Designee provides

periodic

reporting

to

the

Board

on

valuation

matters.

Various

valuation

techniques

and

inputs

are

used

to

determine

the

fair

value

of

financial

instruments.

GAAP

establishes

the

following

fair

value

hierarchy

that

categorizes

the

inputs

used

to

measure

fair

value:

Level

1

–

quoted

prices

(unadjusted)

in

active

markets

for

identical

financial

instruments

that

the

fund

can

access

at

the

reporting

date

Level

2

–

inputs

other

than

Level

1

quoted

prices

that

are

observable,

either

directly

or

indirectly

(including,

but

not

limited

to,

quoted

prices

for

similar

financial

instruments

in

active

markets,

quoted

prices

for

identical

or

similar

financial

instruments

in

inactive

markets,

interest

rates

and

yield

curves,

implied

volatilities,

and

credit

spreads)

T.

ROWE

PRICE

Equity

Income

Fund

10

Level

3

–

unobservable

inputs

(including

the Valuation

Designee’s assumptions

in

determining

fair

value)

Observable

inputs

are

developed

using

market

data,

such

as

publicly

available

information

about

actual

events

or

transactions,

and

reflect

the

assumptions

that

market

participants

would

use

to

price

the

financial

instrument.

Unobservable

inputs

are

those

for

which

market

data

are

not

available

and

are

developed

using

the

best

information

available

about

the

assumptions

that

market

participants

would

use

to

price

the

financial

instrument.

GAAP

requires

valuation

techniques

to

maximize

the

use

of

relevant

observable

inputs

and

minimize

the

use

of

unobservable

inputs.

When

multiple

inputs

are

used

to

derive

fair

value,

the

financial

instrument

is

assigned

to

the

level

within

the

fair

value

hierarchy

based

on

the

lowest-level

input

that

is

significant

to

the

fair

value

of

the

financial

instrument.

Input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

financial

instruments

at

that

level

but

rather

the

degree

of

judgment

used

in

determining

those

values.

Valuation

Techniques 

Equity

securities,

including

exchange-traded

funds, listed

or

regularly

traded

on

a

securities

exchange

or

in

the

over-the-

counter

(OTC)

market

are

valued

at

the

last

quoted

sale

price

or,

for

certain

markets,

the

official

closing

price

at

the

time

the

valuations

are

made.

OTC

Bulletin

Board

securities

are

valued

at

the

mean

of

the

closing

bid

and

asked

prices.

A

security

that

is

listed

or

traded

on

more

than

one

exchange

is

valued

at

the

quotation

on

the

exchange

determined

to

be

the

primary

market

for

such

security.

Listed

securities

not

traded

on

a

particular

day

are

valued

at

the

mean

of

the

closing

bid

and

asked

prices

for

domestic

securities

and

the

last

quoted

sale

or

closing

price

for

international

securities.

The

last

quoted

prices

of

non-U.S.

equity

securities

may

be

adjusted

to

reflect

the

fair

value

of

such

securities

at

the

close

of

the

NYSE,

if

the Valuation

Designee

determines

that

developments

between

the

close

of

a

foreign

market

and

the

close

of

the

NYSE

will

affect

the

value

of

some

or

all

of

its portfolio

securities.

Each

business

day,

the

Valuation

Designee uses

information

from

outside

pricing

services

to

evaluate

the

quoted

prices

of

portfolio

securities

and,

if

appropriate,

decide whether

it

is

necessary

to

adjust

quoted

prices

to

reflect

fair

value

by

reviewing

a

variety

of

factors,

including

developments

in

foreign

markets,

the

performance

of

U.S.

securities

markets,

and

the

performance

of

instruments

trading

in

U.S.

markets

that

represent

foreign

securities

and

baskets

of

foreign

securities. The Valuation

Designee

uses

outside

pricing

services

to

provide

it

with

quoted

prices

and

information

to

evaluate

or

adjust

T.

ROWE

PRICE

Equity

Income

Fund

11

those

prices.

The Valuation

Designee

cannot

predict

how

often

it

will

use

quoted

prices

and

how

often

it

will

determine

it

necessary

to

adjust

those

prices

to

reflect

fair

value.

Investments

denominated

in

foreign

currencies

are

translated

into

U.S.

dollar

values

each

day

at

the

prevailing

exchange

rate,

using

the

mean

of

the

bid

and

asked

prices

of

such

currencies

against

U.S.

dollars

as

provided

by

an

outside

pricing

service.

Investments

in

mutual

funds

are

valued

at

the

mutual

fund’s

closing

NAV

per

share

on

the

day

of

valuation.

Investments

for

which

market

quotations are

not

readily

available

or

deemed

unreliable

are

valued

at

fair

value

as

determined

in

good

faith

by

the

Valuation

Designee.

The

Valuation

Designee

has

adopted

methodologies

for

determining

the

fair

value

of

investments

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable,

including

the

use

of

other

pricing

sources.

Factors

used

in

determining

fair

value

vary

by

type

of

investment

and

may

include

market

or

investment

specific

considerations.

The

Valuation

Designee typically

will

afford

greatest

weight

to

actual

prices

in

arm’s

length

transactions,

to

the

extent

they

represent

orderly

transactions

between

market

participants,

transaction

information

can

be

reliably

obtained,

and

prices

are

deemed

representative

of

fair

value.

However,

the

Valuation

Designee may

also

consider

other

valuation

methods

such

as

market-based

valuation

multiples;

a

discount

or

premium

from

market

value

of

a

similar,

freely

traded

security

of

the

same

issuer;

discounted

cash

flows;

yield

to

maturity;

or

some

combination.

Fair

value

determinations

are

reviewed

on

a

regular

basis.

Because

any

fair

value

determination

involves

a

significant

amount

of

judgment,

there

is

a

degree

of

subjectivity

inherent

in

such

pricing

decisions. Fair

value

prices

determined

by

the

Valuation

Designee could

differ

from

those

of

other

market

participants,

and

it

is

possible

that

the

fair

value

determined

for

a

security

may

be

materially

different

from

the

value

that

could

be

realized

upon

the

sale

of

that

security.

T.

ROWE

PRICE

Equity

Income

Fund

12

Valuation

Inputs

  The

following

table

summarizes

the

fund’s

financial

instruments,

based

on

the

inputs

used

to

determine

their

fair

values

on

September

30,

2024

(for

further

detail

by

category,

please

refer

to

the

accompanying

Portfolio

of

Investments):

OTHER

MATTERS 

Unpredictable environmental,

political,

social

and

economic

events,

including

but

not

limited

to,

environmental

or

natural

disasters,

war

and

conflict

(including

Russia’s

military

invasion

of

Ukraine

and

the

conflict

in

Israel,

Gaza

and

surrounding

areas),

terrorism,

geopolitical

developments

(including

trading

and

tariff

arrangements,

sanctions

and

cybersecurity

attacks),

and

public

health

epidemics

(including

the

global

outbreak

of

COVID-19)

and

similar

public

health

threats,

may

significantly

affect

the

economy

and

the

markets

and

issuers

in

which

a

fund

invests.

The

extent

and

duration

of

such

events

and

resulting

market

disruptions

cannot

be

predicted.

These

and

other

similar

events

may

cause

instability

across

global

markets,

including

reduced

liquidity

and

disruptions

in

trading

markets,

while

some

events

may

affect

certain

geographic

regions,

countries,

sectors,

and

industries

more

significantly

than

others,

and

exacerbate

other

pre-existing

political,

social,

and

economic

risks.

The

fund’s

performance

could

be

negatively

impacted

if

the

value

of

a

portfolio

holding

were

harmed

by

these

or

such

events.

Management

actively

monitors

the

risks

and

financial

impacts

arising

from

such

events.

F71-054Q3

09/24

($000s)

Level

1

Level

2

Level

3

Total

Value

Assets

Common

Stocks

$

16,962,236‌

$

794,610‌

$

—‌

$

17,756,846‌

Convertible

Preferred

Stocks

—‌

32,433‌

—‌

32,433‌

Preferred

Stocks

—‌

155,503‌

—‌

155,503‌

Short-Term

Investments

183,963‌

—‌

—‌

183,963‌

Total

$

17,146,199‌

$

982,546‌

$

—‌

$

18,128,745‌