SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
[X] Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
For the Fiscal Year Ended December 31, 2018
OR
[ ] Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
For the transition period from ___________ to ____________.
Commission file number 001-02979
_______________________________________
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
Wells Fargo & Company 401(k) Plan
c/o Wells Fargo & Company
550 S. 4th Street
Minneapolis, MN 55415
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
Wells Fargo & Company
420 Montgomery Street
San Francisco, CA 94163
(a) | The following financial statements and reports, which have been prepared pursuant to the requirements of the Employee Retirement Income Security Act of 1974, are filed as part of this Annual Report on Form 11-K: |
Report of Independent Registered Public Accounting Firm
Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 2018 and 2017
Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2018 and 2017
Notes to Financial Statements
Supplemental Schedule:
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2018
(b) | The following Exhibit is filed as part of this Annual Report on Form 11-K: |
(23) Consent of Independent Registered Public Accounting Firm.
WELLS FARGO & COMPANY 401(k) PLAN
Financial Statements and Supplemental Schedule
December 31, 2018 and 2017
(With Report of Independent Registered Public Accounting Firm Thereon)
Report of Independent Registered Public Accounting Firm
To the Plan Participants and Plan Administrator
Wells Fargo & Company 401(k) Plan:
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Wells Fargo & Company 401(k) Plan (the Plan) as of December 31, 2018 and 2017, the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2018 and 2017, and the changes in net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Accompanying Supplementary Information
The supplemental information in the accompanying Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2018 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ KPMG LLP
We have not been able to determine the specific year that we began serving as the Plan’s auditor, however we are aware that we have served as the Plan’s auditor since at least 1989.
San Francisco, California
June 27, 2019
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||
Statements of Net Assets Available for Benefits | ||||||||||||
December 31, 2018 and 2017 | ||||||||||||
2018 | 2017 | |||||||||||
Assets: | ||||||||||||
Investments at fair value (notes 3, 4, and 5): | ||||||||||||
Wells Fargo ESOP Fund (note 3): | ||||||||||||
Company common stock: | ||||||||||||
Allocated | $ | 8,031,757,363 | 9,519,058,204 | |||||||||
Unallocated | 830 | 667 | ||||||||||
Company convertible preferred stock – unallocated | 1,803,375,680 | 2,054,946,114 | ||||||||||
Short-term investments: | ||||||||||||
Allocated | 104,969,272 | 120,832,179 | ||||||||||
9,940,103,145 | 11,694,837,164 | |||||||||||
Wells Fargo Non-ESOP Fund (note 3): | ||||||||||||
Company common stock | — | 856,029,189 | ||||||||||
Short-term investments | — | 16,716,911 | ||||||||||
— | 872,746,100 | |||||||||||
Multi-manager funds: | ||||||||||||
Collective investment funds | 5,915,427,985 | 6,149,102,891 | ||||||||||
Mutual funds | 3,004,463,403 | 3,867,127,774 | ||||||||||
8,919,891,388 | 10,016,230,665 | |||||||||||
Collective investment funds | 15,981,796,989 | 16,841,114,741 | ||||||||||
Mutual funds | 566,630,229 | 510,176,320 | ||||||||||
Wells Fargo Stable Value Fund | ||||||||||||
Collective investment funds | 316,795,534 | 593,091,173 | ||||||||||
Investments at fair value | 35,725,217,285 | 40,528,196,163 | ||||||||||
Investments at contract value | ||||||||||||
Wells Fargo Stable Value Fund | ||||||||||||
Security-backed contracts | 3,994,052,886 | 3,900,891,586 | ||||||||||
Total investments | 39,719,270,171 | 44,429,087,749 | ||||||||||
Notes receivable from participants | 1,082,441,301 | 1,075,023,392 | ||||||||||
Employer match contribution receivable | — | 216,646,067 | ||||||||||
Employer profit sharing contribution receivable | 193,042,633 | 189,207,562 | ||||||||||
Other assets | — | 3,675,426 | ||||||||||
Accrued income | 1,303,079 | 693,801 | ||||||||||
Total assets | 40,996,057,184 | 45,914,333,997 | ||||||||||
Liabilities: | ||||||||||||
ESOP notes payable – unallocated (notes 4 and 12) | (1,501,694,133 | ) | (1,677,939,127 | ) | ||||||||
Excess contributions and earnings payable (notes 2(l) and 14) | (37,518 | ) | (31,211 | ) | ||||||||
Total liabilities | (1,501,731,651 | ) | (1,677,970,338 | ) | ||||||||
Net assets available for benefits | $ | 39,494,325,533 | 44,236,363,659 | |||||||||
See accompanying notes to financial statements. |
3
WELLS FARGO & COMPANY 401(k) PLAN | |||||||||||||
Statements of Changes in Net Assets Available for Benefits | |||||||||||||
Years Ended December 31, 2018 and 2017 | |||||||||||||
2018 | 2017 | ||||||||||||
Investment income: | |||||||||||||
Net (depreciation) appreciation in fair value of investments | $ | (4,764,260,163 | ) | 5,023,659,042 | |||||||||
Dividends, net of pass-through dividends of $43,044,531 | |||||||||||||
and $43,603,908 respectively | 743,100,551 | 674,494,893 | |||||||||||
Interest | 99,466,233 | 88,118,329 | |||||||||||
Total investment (loss) income | (3,921,693,379 | ) | 5,786,272,264 | ||||||||||
Contributions: | |||||||||||||
Employer | 961,370,887 | 1,302,775,386 | |||||||||||
Participants, net of excess contributions of $40,908 and | |||||||||||||
$28,355, respectively | 1,731,970,210 | 1,684,570,451 | |||||||||||
Total contributions | 2,693,341,097 | 2,987,345,837 | |||||||||||
Interest income from notes receivable from participants | 61,304,646 | 56,945,814 | |||||||||||
Other income (note 9) | 47,973 | 3,753,543 | |||||||||||
Total (deductions) additions to plan assets | (1,166,999,663 | ) | 8,834,317,458 | ||||||||||
Benefits paid to participants | (3,532,543,608 | ) | (2,798,660,194 | ) | |||||||||
ESOP interest expense | (42,494,855 | ) | (39,382,685 | ) | |||||||||
Total deductions to plan assets | (3,575,038,463 | ) | (2,838,042,879 | ) | |||||||||
Net (decrease) increase | (4,742,038,126 | ) | 5,996,274,579 | ||||||||||
Net assets available for benefits: | |||||||||||||
Beginning of year | 44,236,363,659 | 38,240,089,080 | |||||||||||
End of year | $ | 39,494,325,533 | 44,236,363,659 | ||||||||||
See accompanying notes to financial statements. |
4
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(1) Description of Plan
The following description of the Wells Fargo & Company 401(k) Plan (the “Plan”) provides only general information. Participants should refer to the Plan document, as amended, for a more complete description of the Plan’s provisions.
(a) General
The Plan is a defined contribution plan with a 401(k) feature sponsored by Wells Fargo & Company (the “Company”, "Wells Fargo" or “Plan Sponsor”). A portion of the Plan invested in Company stock is an Employee Stock Ownership Plan (ESOP). All subsidiaries of the Company with U.S.-based employees are participating employers in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, and the Internal Revenue Code (IRC), as amended. Employees, who satisfy the Plan’s eligibility requirements, become eligible to make salary deferral contributions (before‑tax, Roth, or a combination of both) on the first day of the month following one calendar month of service and are eligible to receive employer matching contributions on the first day of the quarter following the completion of one year of vesting service, subject to other eligibility requirements. Employees are also eligible to receive employer discretionary profit sharing contributions, if awarded by the Company, after completion of one year of vesting service and satisfaction of other eligibility requirements.
The Plan is a safe harbor 401(k) plan under the IRC. As a result, the matching contributions made to the Plan are considered safe harbor matching contributions, and the contributions will automatically satisfy the nondiscrimination testing requirements under IRC section 401(m). In addition, the salary deferral contributions for participants who have at least one year of service will also automatically satisfy the nondiscrimination testing requirements under IRC Section 401(k).
The Plan is administered by the Plan Administrator. The Plan document requires that Company common stock be offered as an available investment option to participants through the Wells Fargo ESOP Fund. Effective July 27, 2018, the Wells Fargo Non‑ESOP Fund was eliminated from the Plan as an investment option. The Employee Benefit Review Committee (the “Committee”) has discretion under the Plan to offer additional investment alternatives to participants. Under the terms of a trust agreement between the Company, Wells Fargo Bank, N.A. (the “Trustee”), which is a wholly owned subsidiary of the Company, and the Plan, the Trustee manages the Plan’s assets in one or more funds (“Trust”) on behalf of the Plan. GreatBanc Trust Company has been appointed the Independent Fiduciary (the “Independent Fiduciary”) to act as a named fiduciary by the Company for limited purposes in connection with the ESOP provisions of the Plan.
Effective January 1, 2018, Section 10.9(b) of the Plan was amended to describe the available money sources for certain in-service withdrawals. Effective April 1, 2018, Section 5 of Exhibit II of the Plan was amended to describe the process related to claims based on disability, as required by regulatory changes. Effective July 27, 2018, the Plan was amended to remove the Well Fargo Non-ESOP Fund as an investment option.
Effective January 1, 2017, the Plan was amended and restated to (i) incorporate all previous separate amendments; (ii) to clarify and update various Plan provisions, including Internal Revenue Service (IRS)
5(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
limits; and (iii) incorporate various revisions necessary to reflect the cessation of allocation of contributions into the Wells Fargo Non-ESOP Fund effective for periods on or after July 1, 2017, the direction to the Committee to eliminate the Non-ESOP Fund on or before March 31, 2019, and the freezing of the Non-ESOP Fund to new investment for all individuals except for those who meet the definition of “Non-Corporate Participant” as that term is defined in the Plan; (iv) reflect a modification of disaster relief provisions to incorporate reference to statutory relief and regulatory relief, and to incorporate administrative procedures for implementing such relief (as developed by the Plan Administrator); (v) reflect an addition of a new appendix to reflect plan terms affected by acquisition of Golden Capital Management LLC and full vesting provisions for participants affected by certain 2017 divestitures; and (vi) update the address and definition of the Plan Administrator.
(b) Contributions and Vesting
Each year, eligible participants may make salary deferral contributions, subject to certain limitations, from 1% to 50% of their certified compensation, as defined in the Plan. These contributions are matched by the Company in an amount equal to 100% of up to 6% of participants’ annual, eligible certified compensation. Participants age 50 or older can make before-tax catch‑up, or Roth catch‑up (or a combination of both) salary deferral contributions each year in accordance with limits set by the IRS. Catch‑up contributions are generally not eligible for employer matching contributions. Participants are fully vested in their salary deferral contributions. The employer matching contributions are automatically invested in the Wells Fargo ESOP Fund or the Wells Fargo Non-ESOP Fund (for periods prior to July 1, 2017), which are primarily invested in the Company’s common stock, and participants can reallocate their Plan account balance, including employer matching contributions, at any time. All actively employed participants in the Plan are fully vested in their employer matching contributions.
The Company may make a discretionary profit sharing contribution to the Plan for a year, which is allocated to eligible participants’ Plan accounts. If such a contribution is to be made for a particular year, the Company will determine the percentage of certified compensation for the year to be contributed for each eligible participant (not to exceed 4% of annual, eligible certified compensation). The profit sharing contributions are automatically invested in the Wells Fargo ESOP Fund or the Wells Fargo Non-ESOP Fund (for periods prior to July 1, 2017), which are primarily invested in the Company’s common stock, and become 100% vested after three years of service. Participants can transfer out of the Wells Fargo ESOP Fund or the Wells Fargo Non-ESOP Fund (prior to July 27, 2018 when the fund was removed from the Plan) into any other available investment funds under the 401(k) Plan at any time. For the years ended December 31, 2018 and 2017, the Company made a 1% discretionary contribution totaling $193,042,633 and $189,207,562 respectively.
Plan participants may also elect to roll over distributions from a former employer’s qualified retirement plan or a qualified Individual Retirement Account to the Plan.
(c) Participant Accounts
Each participant’s Plan account is credited with the participant’s salary deferral contributions; the Company’s matching contributions, and any discretionary profit sharing contributions, which are subject
6(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
to investment gains and losses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested Plan account.
(d) ESOP Plan Notes
As an ESOP, the Plan may borrow money from the Company or directly from outside lenders for the purpose of purchasing the Company’s common or preferred stock. The Plan may also purchase the Company’s common stock from entities other than the Company. During 2018 and 2017, the Plan borrowed money from the Company to buy Company preferred stock (note 12).
(e) Payment of Benefits and Forfeitures
Upon termination of employment, a participant may elect to receive his or her vested Plan account balance as a lump sum or as a partial lump sum distribution. The option of installment payments was only available to participants who commenced installment payments prior to January 1, 2010. Certain participants with grandfathered benefits from plans merged into the Plan may also take their benefit as an annuity. Distributions from all funds are made in cash; however, a participant invested in the Company’s common stock may elect to receive shares of the Company’s common stock in-kind with the value of fractional shares paid in cash. If the participant’s balance is less than $1,000, a distribution is made as a lump sum upon termination, unless the participant elects to rollover their account balance or takes the portion of their account invested in the Company’s common stock in-kind.
While employed, a participant may make withdrawals from his or her Plan account (as allowed under IRS regulations) subject to certain restrictions, as described in the Plan. Certain restrictions associated with withdrawals may be waived in the event a participant demonstrates financial hardship. A participant invested in the Company’s common stock may request that the portion of their withdrawal invested in the Company’s common stock be disbursed in-kind with the value of fractional shares paid in cash.
When a participant terminates employment, he or she is entitled to distribution of his or her total vested account balance. The nonvested portion is forfeited and serves to reduce future employer contributions. Forfeitures used to offset employer contributions were approximately $2,923,000 and $1,617,000 for the years ended December 31, 2018 and 2017, respectively. The unallocated forfeiture account balance was approximately $0 for both years ended December 31, 2018 and 2017.
(f) Notes Receivable from Participants
Two types of participant loans are available under the Plan: general purpose and principal residence. General purpose loans may be obtained for periods of up to five years. Principal residence loans are available only to finance the purchase or construction of the participant’s principal residence, and may not exceed 20 years. Participants may have three loans outstanding at any time with one of those loans being a principal residence loan. The maximum amount of any loan, when added to the balance outstanding on all other loans to the participant, may not exceed the lesser of (1) $50,000 reduced by the excess (if any) of (A) the highest outstanding balance of loans from the Plan to the Participant during the one-year period ending on the day before the date on which the loan is made, over (B) the outstanding balance of loans from the Plan to the Participant on the date on which the loan is made, or (2) One-half of the value of the Participant’s vested Account balance on the date on which the loan is made. The minimum
7(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
principal amount for any loan is $500. The loan interest rate is a reasonable rate determined by the Plan Administrator. Repayments on loans are generally made through biweekly payroll deductions and are immediately allocated back to the appropriate funds based on the participant’s investment elections. Loans may be repaid in full at any time. As of December 31, 2018, interest rates ranged from 3.25% to 11.50% and loans mature through December 31, 2038.
Upon termination of employment or death, loans must be repaid by the last business day of the calendar quarter following the calendar quarter in which termination or death occurred, or a taxable distribution will be declared.
(g) ESOP
The Plan purchases Company preferred stock using the proceeds of the ESOP loans. As the Plan makes payments of principal on the loans, an appropriate percentage of preferred shares are released and converted to common stock. Common stock equal in value to the employer’s matching contribution is allocated to the participants’ accounts and invested in the Wells Fargo ESOP Fund (note 3).
Participants in the Plan may elect to have cash dividends from Company common stock that is held in their account in the Wells Fargo ESOP Fund to be either reinvested in the Wells Fargo ESOP Fund or distributed to them in cash. Dividends on employer contribution accounts that are reinvested are used to make payments on the loans and an appropriate percentage of preferred shares are released and converted to common stock. Common stock equal in value to the dividends are then allocated to the participant’s employer contribution accounts and reinvested in the Wells Fargo ESOP Fund.
For periods prior to July 1, 2017, certain participants in the Plan were not eligible to invest in the Wells Fargo ESOP Fund, and employer contributions for these participants were automatically invested in the Company common stock in the Wells Fargo Non‑ESOP Fund. For periods on or after July 1, 2017, all active participants in the Plan are eligible to invest in the Wells Fargo ESOP Fund. Dividends on common stock held in the Wells Fargo Non‑ESOP Fund were reinvested in the Wells Fargo Non‑ESOP Fund (until July 27, 2018, when the fund was removed from the Plan).
(h) Investment Options
Participants may direct the investment of their salary deferral contributions to the Plan in one or more of 30 investment funds (note 2(b)) in multiples of 1% of each contribution. If a participant does not choose an investment fund, the contributions are invested in the age appropriate Wells Fargo State Street Target Date Fund™ CIT, an age-based series of target retirement date funds. Participants may change their deferral percentage or investment direction at any time.
Employer contributions are automatically invested in Company common stock. Shares of Company common stock contributed by the Company may either be authorized, but previously unissued shares, or shares held by the Company as Treasury shares. Participants have the ability to divest out of the Wells Fargo ESOP Fund or the Wells Fargo Non‑ESOP Fund (prior to July 1, 2017) at any time and reinvest in any of the other eligible investment funds.
8(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(2) Summary of Significant Accounting Policies
(a) Basis of Presentation
The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.
(b) Investment Funds
As of December 31, 2018, the Trust is comprised of the following 30 investment funds:
Wells Fargo 100% Treasury Money Market Fund | Black Rock Global Equity Fund | ||
Wells Fargo Stable Value Fund | Diversified Real Asset Fund | ||
State Street Emerging Markets Fund | Global Bond Fund | ||
Wells Fargo / State Street Target Today CIT | U.S. Bond Index Fund | ||
Wells Fargo / State Street Target 2010 CIT | Large Cap Value Fund | ||
Wells Fargo / State Street Target 2015 CIT | S&P 500 Index Fund | ||
Wells Fargo / State Street Target 2020 CIT | Large Cap Growth Fund | ||
Wells Fargo / State Street Target 2025 CIT | S&P Mid Cap Index Fund | ||
Wells Fargo / State Street Target 2030 CIT | Russell Small Cap Index Fund | ||
Wells Fargo / State Street Target 2035 CIT | Small Cap Fund | ||
Wells Fargo / State Street Target 2040 CIT | International Index Fund | ||
Wells Fargo / State Street Target 2045 CIT | International Equity Fund | ||
Wells Fargo / State Street Target 2050 CIT | Emerging Markets Equity Fund | ||
Wells Fargo / State Street Target 2055 CIT | NASDAQ 100 Index Fund | ||
Wells Fargo / State Street Target 2060 CIT | Wells Fargo ESOP Fund |
Under the terms of the Trust agreement, the Trustee maintains custody of the 30 funds on behalf of the Plan.
(c) Administrative Expenses
All costs and expenses of administering the Plan and Trust are paid by the Company, except for certain investment management fees, which are netted against investment returns.
(d) Fair Value Definition and Hierarchy
Investments are reported at fair value. The Plan bases its fair values on 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. Their value measurements are based on exit prices and determined by maximizing the use of observable inputs. However, for certain investments the Plan may utilize unobservable inputs in determining fair value due to the lack of observable inputs in the market, which requires greater judgment in measuring fair value.
9(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
Assets and liabilities measured at fair value are grouped in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are:
•Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets.
• | Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model‑based valuation techniques, for which all significant assumptions are observable in the market. |
• | Level 3 – Valuation is generated from model‑based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. |
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.
In the determination of the classification of financial instruments in Level 2 or Level 3 of the fair value hierarchy, the Plan considers all available information, including observable market data, indications of market liquidity and orderliness, and its understanding of the valuation techniques and significant inputs used. Based upon the specific facts and circumstances of each instrument or instrument category, judgments are made regarding the significance of the Level 3 inputs to the instruments’ fair value measurement to its entirely. If Level 3 inputs are considered significant, the instrument is classified as Level 3. See note 5 for discussion on fair value measurements.
(e) Investments Valuation and Income Recognition
Securities transactions are recorded on the trade-date basis. Interest income is recorded on the accrual basis. Dividends are allocated based upon participant account holdings on the record date and are recorded in the Trust on the dividend payment date. Net appreciation or (depreciation) includes gains and or losses on investments bought and sold as well as held during the year.
As of December 31, 2018 and 2017, the Plan owned approximately 3.18% and 3.12%, respectively, of the issued common stock of the Company. While the carrying value of these shares is based on the quoted market price, the sale of all such shares, if executed, would of necessity be accomplished over a period of time and may result in a price greater or less than the carrying value. Additionally, the Plan owned 1,623,903 shares and 1,774,652 shares of convertible preferred stock of the Company with a fair value of approximately $1,803 million and $2,055 million as of December 31, 2018 and 2017, respectively. These shares are convertible into additional shares of the Company’s common stock based on the fair value of the common stock as of the date of conversion.
On January 25, 2018, the Plan purchased 1,100,000 shares of 2018 ESOP cumulative convertible preferred stock from the Company for $1,142.9 million and issued a note payable to the Company. The shares have a stated value of $1,000 per share and a fair market value of $1,039 per share as of the
10(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
purchase date, with cumulative dividends payable quarterly at an initial annual rate of 7.00%. The note bears interest at 2.25% and is due December 31, 2027.
On February 2, 2017, the Plan purchased 950,000 shares of 2017 ESOP cumulative convertible preferred stock from the Company for $981 million and issued a note payable to the Company. The shares have a stated value of $1,000 per share and a fair market value of $1,033 per share as of purchase date, with cumulative dividends payable quarterly at an initial annual rate of 7.00%. The note bears interest at 1.90% and is due December 31, 2026.
(f) Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan and Plan loan rules, as determined by the Plan Administrator.
(g) Security-Backed Contracts
(i) Description
The Wells Fargo Stable Value Fund (the “Stable Value Fund”) primarily invests in security-backed contracts issued by insurance companies and other financial institutions. The Stable Value Fund also invests in the Wells Fargo/BlackRock Short Term Investment Fund S, which invests in highly liquid assets. The Stable Value Fund uses this investment for daily liquidity needs.
A security-backed contract is an investment contract (also known as a synthetic guaranteed investment contract (GIC) or a separate account GIC) issued by an insurance company or other financial institution, backed by a portfolio of bonds. The bond portfolio is either owned directly by the Stable Value Fund or owned by the contract issuer and segregated in a separate account for the benefit of the Stable Value Fund. The portfolio underlying the contract is maintained separately from the contract issuer’s general assets, usually by a third-party custodian. The issuer guarantees that all qualified participant withdrawals will be at contract value. In the case of a full liquidation event, the issuer is responsible for covering any amount by which the contract value exceeds the fair value of the underlying portfolio. No payments related to the security backed contracts were made by the issuers during the years ended December 31, 2018 and 2017.
Risks arise when entering into any investment contract due to the potential inability of the issuer to meet the terms of the contract. In addition, security-backed contracts have the risk of default or the lack of liquidity of the underlying portfolio assets. The credit risk of each issuer is evaluated and monitored through the Plan’s investment advisor credit analysis. The credit analysis includes, but is not limited to, asset quality and liquidity, management quality, surplus adequacy, and profitability. The Plan requires that the issuers of each investment contract have at least an "A-" rating as of the contract effective date, and that all underlying portfolio assets be rated investment grade at the time of purchase.
11(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(ii) Valuation of Investments
Security-backed contracts are carried at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants when they initiate permitted transactions under the terms of the Plan. The contract rate resets periodically, normally each quarter or semi-annually, using end-of-period data. The underlying portfolio assets, the adjustments to contract value, and the accrued interest receivable are shown by contract on the supplemental schedule of assets (held at end of year). The short‑term investment fund investment is carried at the reported unit value of the fund. The underlying assets may contain issues that are considered illiquid.
(iii) Withdrawal and Termination Provisions
All security-backed contracts held by the Stable Value Fund are fully benefit responsive, which means withdrawals from these investment contracts may be made at contract value for qualifying benefit payments, including participant‑directed transfers.
Security-backed contracts generally are evergreen contracts that contain termination provisions, allowing the Stable Value Fund or the contract issuer to terminate with notice, at any time at fair value, and providing for automatic termination of the contract if the contract value or the fair value of the underlying portfolio equals zero. The issuer is obligated to pay the excess contract value when the fair value of the underlying portfolio equals zero. Security-backed contracts are not assignable or transferable without consent of the issuer and have no publicly traded secondary market.
Security-backed contracts that permit the issuer to terminate at fair value generally provide that the Stable Value Fund may elect to convert such termination to an amortization election as described below. In addition, if the Stable Value Fund defaults in its obligations under the contract (including the issuer’s determination that the agreement constitutes a nonexempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Stable Value Fund will receive the fair value as of the date of termination. Each contract recognizes certain “events of default” which can invalidate contracts’ coverage. Among these are investments outside of the range of investments which are permitted under the investment guidelines contained in the investment contract, fraudulent or other material misrepresentations made to the investment contract provider, changes of control of the investment adviser not approved by the contract issuer, changes in certain key regulatory requirements, or failure of the Plan to be tax qualified.
Generally, security-backed contracts permit the issuer or investment manager to elect at any time to convert the underlying portfolio to a declining duration strategy whereby the contract would terminate at a date that corresponds to the duration of the underlying portfolio on the date of the amortization election. After the effective date of an amortization election, the underlying portfolio must conform to the guidelines agreed upon by the contract issuer and the investment manager for
12(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
the amortization election period. The guidelines are intended to result in the convergence of the contract value and the fair value of the underlying portfolio by the termination date.
Security‑backed contracts also generally provide for withdrawals associated with certain events, which are not in the ordinary course of plan operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events, which may trigger a market value adjustment; however, such events may include, but not limited to, the following:
•material amendments to the Plan’s structure or administration;
•complete or partial termination of the Plan, including a merger with another plan;
• | the failure of the Plan to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA; |
• | the withdrawals due to the removal of a specifically identifiable group of employees from coverage under the participating plan (such as a group layoff or early retirement incentive program), the closing or sale of a subsidiary, employing unit, or affiliate, the bankruptcy or insolvency of a plan sponsor, the merger of the Plan with another plan, or the Plan sponsor’s establishment of another tax qualified defined contribution plan; |
• | any change in law, regulation, ruling, administrative or judicial position, or accounting requirement, applicable to the Plan or participating plans; and |
• | the delivery of any communication to Plan participants designed to influence a participant not to invest in the Plan. |
At this time, the Stable Value Fund does not believe that the occurrence of any such market value event, which would limit the Plan’s ability to transact at contract value with participants, is probable.
(iv) Investment Transactions and Interest Income
Investment transactions are accounted for on a trade-date basis. Realized gains and losses within the portfolios underlying the security-backed contracts are determined on the basis of average cost. Interest income, including the amortization of premiums and discounts, is recorded on an accrual basis.
(v) Unit Issues, Redemptions, Distributions
In accordance with the terms of the Investment Advisory Agreement, the net asset value of the Stable Value Fund is calculated daily, and net investment income and realized and unrealized gains on investments are not distributed, but rather reinvested and reflected in the net asset value of the Stable Value Fund. Units of the Stable Value Fund are issued and redeemed at the current net asset value.
13(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(vi) Delayed Delivery Transactions
The Stable Value Fund may purchase or sell securities on a when-issued or forward-commitment basis in the portfolios underlying the security backed contracts of the Stable Value Fund. The price of the underlying securities and date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Losses may arise due to changes in the market value of the securities or from the inability of counterparties to meet the terms of the contract. In connection with such purchases, the Stable Value Fund may be required to hold liquid assets as collateral with the Stable Value Fund’s custodian sufficient to cover the purchase price. The Stable Value Fund may enter into To-Be-Announced (TBA) sale commitments to hedge its portfolio positions or to sell mortgage-backed securities they own under delayed delivery arrangements. Proceeds of TBA sale commitments are not received until the contractual settlement date. During the time a TBA sale commitment is outstanding, equivalent deliverable securities, or an offsetting TBA purchase commitment deliverable, on or before the sale commitment date, are held as "cover" for the transaction. Unsettled TBA sale commitments are valued at the current market value of the underlying securities. The contract is "marked-to market" daily and the change in market value is recorded in the underlying portfolios as an unrealized gain or loss. If the TBA sale commitment is closed through the acquisition of an offsetting purchase commitment, the underlying portfolios would realize a gain or loss.
(vii) Futures Transactions
The Stable Value Fund may use futures contracts to gain or to hedge against broad market or interest rate exposure. In order to gain exposure to or to protect against changes in the market, the portfolios underlying the security-backed contracts of the Stable Value Fund may buy or sell financial futures contracts on any U.S. or foreign exchange. Risks of entering into futures transactions include the possibility that there may be an illiquid market at the time of settlement or that a change in the value of the contract may not correlate with changes in the value of the underlying securities.
Upon entering into a futures contract, the Stable Value Fund is required to deposit either cash or securities in an amount equal to a percentage of the futures contract value (initial margin). Subsequent payments (variation margin) are made or received by the Stable Value Fund each day. The variation margin payments reflect the daily changes in the futures contract value and are recorded as unrealized gains and losses. The underlying portfolio recognizes a realized gain or loss when the futures contract is closed or expires. With futures, there is minimal counterparty risk to the Stable Value Fund since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
(viii) Expenses
The Stable Value Fund pays wrapper contract fees to the security-backed contract issuers to assure contract liquidity for plan participant‑directed withdrawals. Annual investment management fees in 2018 and 2017 were $226,163 and $204,079, respectively, based on separate agreements for various types of instruments.
14(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(h) Risks and Uncertainties
The Plan may invest in various types of investment securities. Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.
(i) Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles may require management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.
(j) Payment of Benefits
Benefits are recorded when paid.
(k) New Accounting Pronouncement
In August, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU or Update) 2018-13, Fair Value Measurement (Topic 820) Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The Update modifies fair value disclosure requirements by removing, modifying or adding to the required fair value disclosures. The Update is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted upon issuance of the Update; allowing an entity to early adopt any removed or modified disclosures upon issuance of the Update and delay adoption of the additional disclosures until their effective date. The Update will not affect the statement of net assets available for benefits or the statement of changes in net assets available for benefits as it only amends the disclosure requirements for fair value disclosures.
(l) Excess Contributions and Earnings Payable
Excess contributions and earnings payable represent amounts withheld from participants in excess of IRC limitations that are to be refunded at year-end. As of December 31, 2018 and 2017, $37,518 and $31,211, respectively, of excess contributions and earnings thereon are required to be refunded prior to December 31, of the subsequent year. These amounts were refunded to participants prior to March of the year following the plan year-end. Excess contributions and earnings are netted against contributions and interest income in the statements of changes in net assets available for benefits.
15(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(3) Wells Fargo ESOP Fund and Wells Fargo Non‑ESOP Fund
The Company’s common and preferred shares held in the Wells Fargo ESOP Fund that were purchased with the proceeds of the ESOP loans from the Company represent leveraged shares. These shares are held in an account called the “Unallocated Reserve.” The leveraged shares are released from the Unallocated Reserve as the ESOP loans are repaid and any preferred leverage shares are converted into Company common stock for allocation to participants’ Plan accounts. The preferred shares are convertible based on the then current market price of the common stock. Such stock is used to provide all or part of the Company matching contributions credited to participants’ accounts (note 1(g)).
Each participant is entitled to exercise voting rights attributable to the Company common stock allocated to his or her Plan account and is notified by the Trustee prior to the time that such rights are to be exercised. The Trustee will vote all shares of Company common stock held in the Wells Fargo ESOP Fund, Wells Fargo Non‑ESOP Fund (until July 27, 2018, when the fund was removed from the Plan) and the Unallocated Reserve in proportion to “votes’ cast by participants.
Participants may elect to have dividends on their vested accounts held in the Wells Fargo ESOP Fund paid to them in cash or have the dividends automatically reinvested in additional shares of Company common stock in the Wells Fargo ESOP Fund. The dividend will be automatically reinvested in the Plan if: (i) a participant makes no election, (ii) if the total vested dividend for a participant is less than $5, or (iii) the participant is deceased. Prior to July 27, 2018 when the Wells Fargo Non-ESOP Fund was removed from the Plan, participants were not permitted to elect to have dividends on their vested accounts in the Wells Fargo Non‑ESOP Fund paid to them in cash. Dividends on common stock held in the Wells Fargo Non‑ESOP Fund were reinvested in the Plan within the Wells Fargo Non‑ESOP Fund.
The Plan provides that dividends received on the Company’s common and preferred stock held in the Unallocated Reserve, dividends attributable to the portion of the participants’ employer contribution account that are reinvested and dividends that are attributable to the participants’ nonvested accounts will be applied to make any required ESOP loan payments. Shares of the Company’s common stock that are released due to such ESOP loan payments will be transferred to the Wells Fargo ESOP Fund as reinvested dividends. To the extent that such dividends are not sufficient to make required ESOP loan payments, employer contributions will be applied to make the required payments.
In the event that the total dividends on the Company’s common stock held in the Wells Fargo ESOP Fund that are to be reinvested in participant employer contribution accounts exceed the amount that can be paid as allowable ESOP loan payments, the Plan will reclassify the dividend cash received that was not used as ESOP loan payments as an employer contribution. The Company will in turn fund that portion of the dividend with shares of Company common stock. Any amount of dividend cash that is reclassified as an employer contribution will be transferred to the Unallocated Reserve and will be used to make payments to fund the Company matching contributions. Such reclassification amounted to $42.9 million and $125.2 million in 2018 and 2017, respectively.
16(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(4) Shares and Investments Not Directed by Participants
Information about the net assets and significant components of the changes in net assets relating to nonparticipant directed investments as of and for the years ended December 31, 2018 and 2017 is presented in the following tables.
2018 | 2017 | ||||||||||||
ESOP | ESOP | ||||||||||||
Unallocated | Unallocated | ||||||||||||
Assets: | |||||||||||||
Company common stock | $ | 830 | 667 | ||||||||||
Company convertible preferred stock | 1,803,375,680 | 2,054,946,114 | |||||||||||
Total investments | 1,803,376,510 | 2,054,946,781 | |||||||||||
Accrued income | 56,129 | 86,017 | |||||||||||
Total assets | 1,803,432,639 | 2,055,032,798 | |||||||||||
Liabilities: | |||||||||||||
Notes payable | (1,501,694,133 | ) | (1,677,939,127 | ) | |||||||||
Total liabilities | (1,501,694,133 | ) | (1,677,939,127 | ) | |||||||||
Net assets available for benefits | $ | 301,738,506 | 377,093,671 | ||||||||||
Company common shares: | |||||||||||||
Number of shares | 18 | 11 | |||||||||||
Cost | $ | 990 | 598 | ||||||||||
Fair value | 830 | 667 | |||||||||||
Company convertible preferred shares: | |||||||||||||
Number of shares | 1,623,903 | 1,774,652 | |||||||||||
Cost | $ | 1,727,617,341 | 1,903,699,122 | ||||||||||
Estimated fair value | 1,803,375,680 | 2,054,946,114 |
17(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
2018 | 2017 | ||||||||||||
ESOP | ESOP | ||||||||||||
Unallocated | Unallocated | ||||||||||||
Contributions | $ | 1,059,914,602 | 675,271,150 | ||||||||||
Net depreciation | (141,778,376 | ) | (21,987,428 | ) | |||||||||
Dividend income | 158,859,983 | 166,044,527 | |||||||||||
Interest income | 304,115 | 283,492 | |||||||||||
Notes payable interest expense | (42,494,855 | ) | (39,382,685 | ) | |||||||||
Release of common stock 22,916,350 and 11,167,204 | |||||||||||||
shares for 2018 and 2017, respectively | (1,110,160,634 | ) | (574,757,755 | ) | |||||||||
(Decrease) increase in net assets | (75,355,165 | ) | 205,471,301 | ||||||||||
Net assets: | |||||||||||||
Beginning of year | 377,093,671 | 171,622,370 | |||||||||||
End of year | $ | 301,738,506 | 377,093,671 | ||||||||||
(5) Fair Value Measurements
The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2018 and 2017.
Investments in mutual funds are valued at fair value based upon quoted prices in an active market.
Investments in collective investment funds are redeemable daily at NAV, which is the readily determinable fair value. The price per share is quoted on a private market that is not active; however, the price per share is based on the value of the underlying investments, which are traded on an active market.
Investments in multi-manager funds are comprised of publicly traded mutual funds, which are valued at fair value based upon quoted prices in an active market, and collective investment funds that are valued at NAV. The NAV is based upon the value of the underlying investments which are traded on an active market.
Investments in the Stable Value Fund’s collective investment funds are valued at NAV as described above.
Investments in the Company’s common stock are valued at quoted market values.
Investments in the Company’s convertible preferred stock are valued at appraised value by an independent pricing service. The independent pricing service models the expected cash flows with the contractual dividends and Company’s common shares equal to $1,000 upon conversion of a preferred share. The independent pricing service then discounts the cash flows back to the present value by the appropriate preferred discount rate which is determined by analyzing a variety of market yields, including yields on preferred securities and bonds issued by the Company and institutions similar to the Company.
18(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
The Wells Fargo ESOP Fund and Wells Fargo Non‑ESOP Fund (until July 27, 2018 when the fund was removed from the Plan) are managed as unitized accounts that hold Wells Fargo common stock and a small percentage of a Short Term Investment Fund (STIF) to provide daily liquidity. Short‑term investments are investments in collective investment funds.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes it valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. Please refer to note 2(d) for the definition of fair value and the fair value hierarchy.
The following tables sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2018 and 2017, respectively:
December 31, 2018 | |||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Collective investment funds | $ | — | 15,981,796,989 | — | 15,981,796,989 | ||||||||||||||
Mutual funds | 566,630,229 | — | — | 566,630,229 | |||||||||||||||
Multi-manager funds: | |||||||||||||||||||
Collective investment funds | — | 5,915,427,985 | — | 5,915,427,985 | |||||||||||||||
Mutual funds | 3,004,463,403 | — | — | 3,004,463,403 | |||||||||||||||
Total multi- | |||||||||||||||||||
manager funds | 3,004,463,403 | 5,915,427,985 | — | 8,919,891,388 | |||||||||||||||
Stable Value Fund | |||||||||||||||||||
Collective investment funds | — | 316,795,534 | — | 316,795,534 | |||||||||||||||
Company common stock | 8,031,758,193 | — | — | 8,031,758,193 | |||||||||||||||
Company convertible preferred | |||||||||||||||||||
stock | — | — | 1,803,375,680 | 1,803,375,680 | |||||||||||||||
Short term investments | — | 104,969,272 | — | 104,969,272 | |||||||||||||||
Total investments | |||||||||||||||||||
at fair value | $ | 11,602,851,825 | 22,318,989,780 | 1,803,375,680 | 35,725,217,285 |
19(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
December 31, 2017 | |||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Collective investment funds | $ | — | 16,841,114,741 | — | 16,841,114,741 | ||||||||||||||
Mutual funds | 510,176,320 | — | — | 510,176,320 | |||||||||||||||
Multi-manager funds: | |||||||||||||||||||
Collective investment funds | — | 6,149,102,891 | — | 6,149,102,891 | |||||||||||||||
Mutual funds | 3,867,127,774 | — | — | 3,867,127,774 | |||||||||||||||
Total multi- | |||||||||||||||||||
manager funds | 3,867,127,774 | 6,149,102,891 | — | 10,016,230,665 | |||||||||||||||
Stable Value Fund | |||||||||||||||||||
Collective investment funds | — | 593,091,173 | — | 593,091,173 | |||||||||||||||
Company common stock | 10,375,088,060 | — | — | 10,375,088,060 | |||||||||||||||
Company convertible preferred | |||||||||||||||||||
stock | — | — | 2,054,946,114 | 2,054,946,114 | |||||||||||||||
Short term investments | — | 137,549,090 | — | 137,549,090 | |||||||||||||||
Total investments | |||||||||||||||||||
at fair value | $ | 14,752,392,154 | 23,720,857,895 | 2,054,946,114 | 40,528,196,163 |
Changes in Fair Value Levels
The Plan monitors the availability of observable market data to assess the appropriate classification of investments within the fair value hierarchy and transfers between Level 1, Level 2 and Level 3 accordingly. Observable market data includes but is not limited to quoted prices and market transactions. Changes in economic conditions or market liquidity generally will drive changes in availability of observable market data. Changes in availability of observable market data, which also may result in changing the valuation techniques used, are generally the cause of transfers between Level 1, Level 2 and Level 3. There were no transfers between the fair value levels in 2018 or 2017.
20(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
Level 3 Gains and Losses
The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets:
Company | ||||||||||
convertible | ||||||||||
preferred | ||||||||||
stock | ||||||||||
Balance, December 31, 2016 | $ | 1,712,154,012 | ||||||||
Realized losses | (51,395,548 | ) | ||||||||
Unrealized gains relating to instruments still held at the reporting date | 29,408,055 | |||||||||
Purchases | 981,350,000 | |||||||||
Sales | (868,542,935 | ) | ||||||||
Issuances | 866,112,967 | |||||||||
Settlements | (614,140,437 | ) | ||||||||
Balance, December 31, 2017 | 2,054,946,114 | |||||||||
Realized losses | (121,812,183 | ) | ||||||||
Unrealized losses relating to instruments still held at the reporting date | (19,545,908 | ) | ||||||||
Purchases | 1,142,900,000 | |||||||||
Sales | (1,319,144,994 | ) | ||||||||
Issuances | 1,217,055,855 | |||||||||
Settlements | (1,151,023,204 | ) | ||||||||
Balance, December 31, 2018 | $ | 1,803,375,680 | ||||||||
Level 3 Significant Unobservable Inputs
The following table provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of those Level 3 assets measured at fair value for which the Plan uses an internal model.
Significant | |||||||||||||||||||||
Fair value | Valuation | unobservable | Range of | Weighted | |||||||||||||||||
Level 3 | techniques | inputs | inputs | average (1) | |||||||||||||||||
December 31, 2018: | |||||||||||||||||||||
Convertible preferred stock | $ | 1,803,375,680 | Discounted | Discount | |||||||||||||||||
cash flow | rate | 4.79% – 4.95% | 4.93 | % | |||||||||||||||||
December 31, 2017: | |||||||||||||||||||||
Convertible preferred stock | $ | 2,054,946,114 | Discounted | Discount | |||||||||||||||||
cash flow | rate | 3.78% – 4.24% | 4.08 | % | |||||||||||||||||
(1) | Weighted averages are calculated using outstanding shares. | ||||||||||||||||||||
21(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
Level 3 Valuation Processes and Significant Fair Value Input Sensitivity
The Independent Fiduciary, acting on behalf of the Plan, has been given the responsibility by the Company to provide an opinion as to the values, as of December 31, 2018 and 2017, of the various series of Company preferred stock sold by the Company to the Plan through the ESOP portion of the Plan. The Independent Fiduciary generally determines fair value of our Level 3 assets by retaining a qualified independent financial advisor to render an opinion as to the fair value of each of the Company’s preferred stock series outstanding as of December 31, 2018 and 2017. The independent financial advisor reports directly to the Independent Fiduciary and not to the Trustee or the Company. The independent financial advisor generally uses discounted cash flow or similar internal modeling techniques to determine the fair value of the Plan’s Level 3 assets. Discounted cash flow valuation techniques generally consist of developing an estimate of future cash flows that are expected to occur over the life of an investment and discounting those cash flows at a rate of return that results in the fair value amounts. Use of these techniques requires determination of relevant inputs and assumptions, some of which represent significant unobservable inputs as indicated in the preceding table. Accordingly, changes in these unobservable inputs may have a significant impact on fair value.
Certain of these unobservable inputs will (in isolation) have a directionally consistent impact on the fair value of the instrument for a given change in that input. Alternatively, the fair value of the instrument may move in an opposite direction for a given change in another input. Where multiple inputs are used within the valuation technique of an asset, a change in one input in a certain direction may be offset by an opposite change in another input having a potentially muted impact to the overall fair value of that particular instrument. Additionally, a change in one unobservable input may result in a change to another unobservable input (that is, changes in certain inputs are interrelated on one another), which may counteract or magnify the fair value impact. These Level 3 assets would decrease (increase) in value based upon an increase (decrease) in discount rate.
(6) Concentration of Investments
The Plan’s investment in shares of the Company’s common and preferred stock aggregate 27.53% and 30.67% of total investments at fair value as of December 31, 2018 and 2017, respectively. The Company, incorporated in Delaware, is a diversified financial services company providing banking, mortgage, and consumer finance throughout North America. The quoted market price of the Company’s common stock was $46.08 as of December 31, 2018 and $45.80 as of June 26, 2019.
(7) Financial Instruments with Off‑Balance‑Sheet Risk
In the normal course of business, the Plan, through the securities-backed contracts of the Stable Value Fund, enters into transactions in various financial instruments with off-balance-sheet risk. The Plan may buy or sell interest rate futures contracts to protect against changes in the market. Payments are made or received by the Plan each day equal to the daily changes in the contract value and are recorded as appreciation or depreciation. Due to the inherent volatility in these financial instruments, the values of these investments may change in the near term, and those changes could differ materially from the amounts reported in the net assets of the Plan.
Credit risk represents the potential loss to the Plan due to possible nonperformance by obligors and counterparties of the terms of their contracts. Market risk represents the potential loss to the Plan due to the decrease or increase
22(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
in the value of an off‑balance‑sheet financial instrument caused primarily by changes in interest rates or foreign exchange rates, or a combination thereof.
Forward contracts and futures represent commitments to purchase or sell securities, money market instruments, or foreign currencies at a future date and at a specified price. Short sells represent commitments to purchase securities at a future date and at a specified price. Both credit and market risks exist with respect to forward contracts. Market risk exists with respect to futures and short sells. These positions are carried at current market value, and the unrealized gain or loss is included in the net assets of the Plan. Financial futures are marked to market and settled with the broker on a daily basis. The Plan does not anticipate that losses, if any, as a result of credit or market risk would materially affect the net asset position of the Plan. The Plan, to a limited extent, enters into transactions involving other financial instruments and commitments as an integral part of the overall management of the investment portfolio.
The following table summarizes the aggregate notional amounts and estimated fair value for the Plan’s derivative financial instruments as of December 31, 2018 and 2017:
2018 | 2017 | ||||||||||||||||||
Notional | Unrealized | Notional | Unrealized | ||||||||||||||||
amount | loss | amount | loss | ||||||||||||||||
Future contracts | $ | 128,200,394 | (74,437 | ) | 745,892 | (172,266 | ) | ||||||||||||
Net realized gains and (losses) on futures for the years ended December 31, 2018 and 2017 were $844,312 and ($902,312), respectively, and are included in interest income on the statements of changes in net assets available for benefits.
(8) Related-Party Transactions
The Plan engages in transactions involving acquisition or disposition of units of participation in commingled investment funds of the Company, as well as registered investment funds managed by the Company and the Trustee, all of which are parties in interest with respect to the Plan. These transactions are covered by an exemption from the “prohibited transaction” provisions of ERISA and the IRC.
During 2018 and 2017, the Plan purchased Company preferred stock for the ESOP from the Company (note 2(e)) and allowed participants to invest in Company common stock.
(9) | Other Income |
The Plan periodically receives monies from litigation settlements or other residual proceeds (“Proceeds”) related to the Plan, or prior plans that merged into the Plan, in which the Plan Administrator is responsible for determining how these Proceeds will be allocated to the Plan.
These Proceeds are deposited into an interest-bearing account until the Plan Administrator is able to determine how to allocate the monies into the Plan and are included as other assets on the statements of net assets available for benefits and in other income on the statements of changes of net assets available for benefits.
23(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
On December 27, 2017, the Plan received $3,674,420 of Proceeds related to losses incurred from prior securities lending in the Stable Value Fund. The Proceeds were allocated as of December 31, 2018.
(10) Federal Income Taxes
The IRS has determined and informed the Company by a letter dated August 2, 2017, that the Plan and related Trust are designed in accordance with applicable sections of the IRC. Although the Plan has been amended and restated since receiving the determination letter, the Plan Administrator and the Plan’s tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC, and therefore believe that the Plan is qualified, and the related Trust is tax-exempt.
Accounting principles generally accepted in the United States of America require the Plan Administrator to evaluate tax positions taken by the Plan and recognize a tax liability (or asset), if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2018, 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 and periodic compliance reviews. The Plan Sponsor received written notice dated March 6, 2015 from the IRS of an examination of the Plan. The Plan was under examination by the IRS for Plan year ending December 31, 2013. The IRS concluded its examination of the Plan in 2018.
(11) Regulatory Matters
The Plan Sponsor received written notification dated August 29, 2014, from the Department of Labor (DOL) advising the Plan had been selected for review by the DOL. In the DOL’s August 29th written notification, the Plan Sponsor was informed the review will consist primarily of an on-site examination of Plan records and interviews of Plan officials. The DOL has requested to examine information for plan years 2010 through the present.
24(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(12) Notes Payable
Notes payable as of December 31 were:
2018 | 2017 | ||||||||||||
3.00% 2010 ESOP Convertible Preferred Stock Note, due | |||||||||||||
March 2020 | $ | 23,331,240 | 81,651,240 | ||||||||||
2.50% 2011 ESOP Convertible Preferred Stock Note, due | |||||||||||||
March 2021 | 67,048,660 | 140,286,160 | |||||||||||
2.30% 2012 ESOP Convertible Preferred Stock Note, due | |||||||||||||
December 2021 | 84,931,596 | 140,725,596 | |||||||||||
1.30% 2013 ESOP Convertible Preferred Stock Note, due | |||||||||||||
December 2022 | 146,003,320 | 220,123,320 | |||||||||||
1.50% 2014 ESOP Convertible Preferred Stock Note, due | |||||||||||||
December 2023 | 189,650,439 | 258,257,439 | |||||||||||
1.48% 2015 ESOP Convertible Preferred Stock Note, due | |||||||||||||
December 2024 | 157,155,283 | 204,080,406 | |||||||||||
1.70% 2016 ESOP Convertible Preferred Stock Note, due | |||||||||||||
December 2025 | 253,944,810 | 350,589,036 | |||||||||||
1.90% 2017 ESOP Convertible Preferred Stock Note, due | |||||||||||||
December 2026 | 229,542,930 | 282,225,930 | |||||||||||
2.25% 2018 ESOP Convertible Preferred Stock Note, due | |||||||||||||
December 2027 | 350,085,855 | — | |||||||||||
$ | 1,501,694,133 | 1,677,939,127 | |||||||||||
Maturities of notes payable are as follows:
Year ending December 31: | ||||||||||
2019 | $ | 87,683,830 | ||||||||
2020 | 304,446,690 | |||||||||
2021 | 260,668,610 | |||||||||
2022 | 235,969,890 | |||||||||
2023 | 195,785,463 | |||||||||
Thereafter | 417,139,650 | |||||||||
$ | 1,501,694,133 | |||||||||
The notes represent exempt ESOP loans to the Plan from the Company. The notes may be repaid in installments through March 31, 2027, with the last payment due December 31, 2027. The estimated fair value of the notes as of December 31, 2018 and 2017 was approximately $1,405 million and $1,618 million, respectively, determined by using interest rates currently available for issuance of debt with similar terms and remaining maturities.
25(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
(13) Plan Termination
Although it has not expressed any intent to do so, the Company by action of its Board of Directors reserves the right to terminate the Plan at any time. In the event of Plan termination, participants shall become 100% vested in their accounts.
(14) Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of changes in net assets per the financial statements to the Form 5500:
2018 | 2017 | ||||||||||||
Participant contributions per the financial statements | $ | 1,731,970,210 | 1,684,570,451 | ||||||||||
Excess contributions to be refunded | 40,908 | 28,355 | |||||||||||
Participant contributions per the Form 5500 | $ | 1,732,011,118 | 1,684,598,806 | ||||||||||
Interest income per the financial statements | $ | 99,466,233 | 88,118,329 | ||||||||||
Interest income from notes receivable from participants per | |||||||||||||
the financial statements | 61,304,646 | 56,945,814 | |||||||||||
(Loss) income on excess contributions to be refunded | (3,390 | ) | 2,856 | ||||||||||
Interest income per the Form 5500 | $ | 160,767,489 | 145,066,999 | ||||||||||
(15) Legal Actions
The following class actions lawsuits have been brought on behalf of Plan participants and beneficiaries
a) | John Meiners v. Wells Fargo & Company, et al, (November, 2016) - On November 22, 2016, Plaintiff John Meiners filed a putative class action lawsuit in the United States District Court for the District of Minnesota against Defendants Wells Fargo & Company, the Human Resources Committee of the Wells Fargo Board of Directors, the Wells Fargo Employee Benefits Review Committee (the “EBRC”), and current and former members of the Board and the EBRC. Meiners, a former Wells Fargo financial advisor, alleged that from November 22, 2010, to the present, Defendants breached their duties under the Employee Retirement Income Security Act of 1974 by selecting and retaining the Wells Fargo Dow Jones Target Date Funds (“Target Date Funds”) as investment options within the Plan. |
Meiners alleges that Defendants acted imprudently by including these proprietary funds as investment options within the Plan because (1) the Target Date Funds were selected as investment options in the Plan based on a conflict of interest; (2) the Plan was designed to funnel participant money into the Target Date Funds; and (3) there were less expensive and better-performing fund options available, including the Vanguard Target Retirement Funds and the Fidelity Freedom Index Funds.
26(Continued)
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
Meiners brought this action on behalf of a class of several hundred thousand Plan participants and beneficiaries who invested in the Wells Fargo Target Date Funds. The defendants filed a motion to dismiss on March 22, 2017. On May 25, 2017, the Court dismissed the action. Subsequently, the plaintiffs appealed the Court’s decision to the U.S Court of Appeals for the Eighth Circuit. On August 3, 2018, the Eighth Circuit affirmed the dismissal of the action. Plaintiffs did not appeal to the U.S. Supreme Court; therefore, this action is closed.
b) | Plan participants filed three putative class actions, now consolidated into one action, In re: Wells Fargo ERISA 401(k) Litigation (D. Minn.) against Wells Fargo and various individuals alleged to be fiduciaries under the Plan. The lawsuit alleges that the Company’s stock should not have been offered as an investment option in the Plan and seeks damages, as a result of the drop in the Company’s stock price. This consolidated class action arises out of the Wells Fargo government consent orders relating to sales practices, which were announced publicly on September 8, 2016. |
Plaintiffs challenge the decision to offer the Wells Fargo Stock Fund as an investment option, alleging that the stock was trading at an artificially high price due to allegedly undisclosed sales practices and that the defendants should have acted on that information to prevent Plan participant losses when the stock price declined. Plaintiffs filed a consolidated, amended complaint on December 21, 2016, and defendants moved to dismiss the action on April 3, 2017. On September 21, 2017, the Court dismissed the action but allowed the plaintiffs to replead one count of the prior complaint. Plaintiffs filed an amended complaint, which defendants moved to dismiss on December 4, 2017. On July 19, 2018, the District Court dismissed the action completely. Plaintiffs appealed the dismissal to the Eighth Circuit Court of Appeals. The parties have fully briefed the appeal, but the Eighth Circuit has not scheduled oral argument on the appeal as of May 13, 2019. We expect oral argument to be scheduled for the third quarter 2019.
(16) Subsequent Events
Effective January 1, 2019, the Plan was amended and restated to (i) incorporate all previous separate amendments; (ii) revise certain references to money sources; (iii) remove employer money sources from the regular in-service withdrawal feature; and (iv) remove historical references.
Effective January 1, 2019, the Plan’s loan provisions were revised to state that participants may have two loans outstanding at any time, with one of those loans being a principal residence loan.
Plaintiffs filed two securities class actions in the Northern District of California against the Company and certain individual defendants: (1) Hefler v. Wells Fargo & Company et al., No. 16-cv-05479, filed on September 26, 2016 by Robbins Geller Rudman & Dowd LLP; and (2) Klein v. Wells Fargo & Company et al., No. 16-cv-05513, filed on September 28, 2016 by Pomerantz LLP. On January 5, 2017, Judge Jon S. Tigar issued an order consolidating the two cases. On March 6, 2017, plaintiffs filed a Consolidated Class Action Complaint for Violations of the Federal Securities Laws (the “First Consolidated Complaint”). On March 15, 2018, plaintiffs filed a Second Consolidated Class Action Complaint for Violations of the Federal Securities Laws. In the second amended complaint, Plaintiffs purported to represent a class of all persons who acquired Wells Fargo common stock between February 26, 2014 and September 20, 2016. Plaintiffs alleged that defendants made material misstatements and omissions regarding, inter alia, Wells Fargo’s (i) cross-sell metrics, (ii) cross-selling strategy
27
WELLS FARGO & COMPANY 401(K) PLAN
Notes to Financial Statements
December 31, 2018 and 2017
and the purpose of the strategy, (iii) risk management and the effectiveness of internal controls over financial reporting, and (iv) corporate culture and business practices. Plaintiffs allege that these misstatements and omissions were made in, inter alia, Wells Fargo’s quarterly and annual financial statements during the Class Period, quarterly and annual earnings press releases and analyst and investor conference calls, presentations at various investor and industry conferences, and in certain other public statements. On July 30, 2018, the parties entered into a Stipulation and Agreement of Settlement (the “Settlement Agreement”). Therein, Wells Fargo agreed to pay $480,000,000 on behalf of all Defendants for the benefit of the settlement class in return for a release by the class members of all claims relating to the purchase, acquisition, or ownership of Wells Fargo common stock during the Class Period that were asserted or could have been asserted in the action and which relate to the allegations, facts, and circumstances referred to in the complaint. The settlement is subject to certain conditions before it becomes final, such as final approval by the court and exhaustion of all appeals. On September 4, 2018, the court granted the motion for preliminary approval of the settlement, conditionally certified the proposed class for settlement purposes. Under the terms of the Settlement Agreement, the $480,000,000 settlement payment was due on September 25, 2018 and Wells Fargo made the payment by wire transfer on September 20, 2018. The deadline for class members to opt out of the settlement or object to its terms was November 27, 2018. The hearing on final approval of the settlement was held on December 18, 2018 and the Court issued an order the same day granting final approval to the settlement. The deadline for class members to submit a claim under the settlement was January 23, 2019. The Plan received notice of the pendency of the proposed class settlement as a result of the Wells Fargo stock purchased and sold in the Plan during the Class Period on behalf of the Plan participants. In order to avoid any potential conflict of interest with respect to whether to opt in or out of the settlement, the Employee Benefit Review Committee retained an Independent Fiduciary to review the settlement and determine whether it was in the best interest of the Plan participants and beneficiaries for the Trustee of the Plan to opt in or out of the settlement and then direct the Trustee whether to file a claim. The Independent Fiduciary determined that it is in the best interest of the Plan participants and beneficiaries for the Trustee to file a claim and directed the Trustee to file a claim. The Independent Fiduciary worked with the Trustee to determine the amount of the claim, and the Trustee timely filed the claim with the settlement administrator. The claim is currently pending approval. The final payout to the Plan will depend on, among other things, whether the claim is accepted by the settlement administrator and the total number of class members who submit claims under the settlement. The settlement funds have not yet been paid by the settlement administrator. It is not possible at this time to estimate the Plan’s recovery from the settlement.
28(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
* | Participant loans | 190,083 Participant loans, interest | ||||||||||||||||
rates ranging from 3.25% to 11.50%, | ||||||||||||||||||
maturing at various dates through | ||||||||||||||||||
December 3, 2038 | N/A | $ | 1,082,441,301 | |||||||||||||||
U.S. Bond Index Fund | Collective Investment Fund | 112,374,026 | (1) | 1,180,713,895 | ||||||||||||||
S&P 500 Index Fund | Collective Investment Fund | 179,756,575 | (1) | 3,928,220,436 | ||||||||||||||
S&P MidCap Index Fund | Collective Investment Fund | 59,503,463 | (1) | 1,908,990,084 | ||||||||||||||
Russell Small Cap Index Fund | Collective Investment Fund | 27,671,138 | (1) | 727,806,271 | ||||||||||||||
International Index Fund | Collective Investment Fund | 31,884,180 | (1) | 645,750,305 | ||||||||||||||
NASDAQ 100 Index Fund | Collective Investment Fund | 46,870,587 | (1) | 1,907,070,457 | ||||||||||||||
Blackrock Global Equity Fund | Collective Investment Fund | 350,189 | (1) | 3,335,723 | ||||||||||||||
State Street Emerging Markets Index Fund | Collective Investment Fund | 374,865 | (1) | 10,728,647 | ||||||||||||||
* | Wells Fargo State Street Target Today | Collective Investment Fund | 9,343,212 | (1) | 107,015,278 | |||||||||||||
* | Wells Fargo State Street Target 2010 | Collective Investment Fund | 3,204,934 | (1) | 42,144,879 | |||||||||||||
* | Wells Fargo State Street Target 2015 | Collective Investment Fund | 12,189,240 | (1) | 129,767,869 | |||||||||||||
* | Wells Fargo State Street Target 2020 | Collective Investment Fund | 31,884,605 | (1) | 506,828,109 | |||||||||||||
* | Wells Fargo State Street Target 2025 | Collective Investment Fund | 101,268,570 | (1) | 1,122,987,428 | |||||||||||||
* | Wells Fargo State Street Target 2030 | Collective Investment Fund | 47,547,677 | (1) | 861,744,583 | |||||||||||||
* | Wells Fargo State Street Target 2035 | Collective Investment Fund | 54,242,358 | (1) | 644,437,186 | |||||||||||||
* | Wells Fargo State Street Target 2040 | Collective Investment Fund | 34,832,905 | (1) | 728,105,239 | |||||||||||||
* | Wells Fargo State Street Target 2045 | Collective Investment Fund | 34,098,492 | (1) | 428,372,537 | |||||||||||||
* | Wells Fargo State Street Target 2050 | Collective Investment Fund | 65,578,799 | (1) | 789,909,748 | |||||||||||||
* | Wells Fargo State Street Target 2055 | Collective Investment Fund | 17,098,649 | (1) | 250,546,501 | |||||||||||||
* | Wells Fargo State Street Target 2060 | Collective Investment Fund | 4,998,458 | (1) | 57,321,814 | |||||||||||||
15,981,796,989 | ||||||||||||||||||
* | Wells Fargo 100% Treasury Money Market Fund | Mutual Fund | 566,630,229 | (1) | 566,630,229 | |||||||||||||
566,630,229 | ||||||||||||||||||
Large Cap Value Fund | Multi-Manager Fund | |||||||||||||||||
Dodge & Cox Stock Fund | Mutual Fund | 4,814,726 | (1) | 832,032,810 | ||||||||||||||
MFS Large Cap Value Fund | Common Collective Fund | 32,154,368 | (1) | 805,788,454 | ||||||||||||||
T Rowe Price Equity Income Fund | Common Collective Fund | 38,628,081 | (1) | 808,872,023 | ||||||||||||||
Total Wells Fargo Large Cap Value Fund | 2,446,693,287 | |||||||||||||||||
Large Cap Growth Fund | Multi-Manager Fund | |||||||||||||||||
Los Angeles Large Cap Growth Fund | Common Collective Fund | 45,722,439 | (1) | 825,747,256 | ||||||||||||||
T Rowe Price Blue Chip Growth Fund | Common Collective Fund | 22,650,771 | (1) | 848,950,883 | ||||||||||||||
Delaware US Growth Fund | Mutual Fund | 41,483,099 | (1) | 842,106,915 | ||||||||||||||
Total Wells Fargo Large Cap Growth Fund | 2,516,805,054 | |||||||||||||||||
Small Cap Fund | Multi-Manager Fund | |||||||||||||||||
* | Wells Fargo Emerging Growth Fund | Mutual Fund | 17,619,123 | (1) | 227,639,067 | |||||||||||||
Advisory Research Small Cap Value Fund | Common Collective Fund | 12,120,930 | (1) | 232,479,437 | ||||||||||||||
SSGA Russell Small Cap Index Non Lending Fund | Common Collective Fund | 17,803,767 | (1) | 468,274,667 | ||||||||||||||
Wellington Select Small Cap Growth Fund | Common Collective Fund | 17,279,865 | (1) | 226,020,639 | ||||||||||||||
Wellington Small Cap Value Fund | Common Collective Fund | 20,819,370 | (1) | 229,013,065 | ||||||||||||||
Total Wells Fargo Small Cap Fund | 1,383,426,875 | |||||||||||||||||
International Equity Fund | Multi-Manager Fund | |||||||||||||||||
* | Wells Fargo/Causeway International Value Fund | Common Collective Fund | 30,730,453 | (1) | 354,048,620 | |||||||||||||
Sprucegrove Collective Fund | Common Collective Fund | 41,870,230 | (1) | 352,966,037 | ||||||||||||||
American Funds EuroPacific Growth Fund | Mutual Fund | 15,762,028 | (1) | 709,133,639 | ||||||||||||||
Total International Equity Fund | 1,416,148,296 | |||||||||||||||||
Emerging Markets Equity Fund | Multi-Manager Fund | |||||||||||||||||
Acadian Emerging Markets Fund | Common Collective Fund | 32,742,412 | (1) | 352,963,199 | ||||||||||||||
Lazard Emerging Markets Fund | Common Collective Fund | 21,161,320 | (1) | 352,335,972 | ||||||||||||||
DFA Emerging Markets Fund | Mutual Fund | 9,666,503 | (1) | 181,150,269 | ||||||||||||||
Total Emerging Markets Equity Fund | 886,449,440 | |||||||||||||||||
Diversified Real Asset Fund | Multi-Manager Fund | |||||||||||||||||
Principal Diversified Real Asset Fund | Common Collective Fund | 402,272 | (1) | 4,010,653 | ||||||||||||||
State Street Real Asset Fund | Common Collective Fund | 133,905 | (1) | 1,333,689 | ||||||||||||||
Total Diversified Real Asset Fund | 5,344,342 | |||||||||||||||||
Global Bond Fund | Multi-Manager Fund | |||||||||||||||||
* | Wells Fargo Federated Total Return Bond Fund | Common Collective Fund | 4,867,353 | (1) | 52,623,391 | |||||||||||||
Brandywine Global Opportunities Bond Fund | Mutual Fund | 10,820,993 | (1) | 107,127,832 | ||||||||||||||
PIMCO Global Advantage Strategy Bond Fund | Mutual Fund | 10,025,987 | (1) | 105,272,871 | ||||||||||||||
Total Global Bond Fund | 265,024,094 | |||||||||||||||||
Total Multi-Manager Funds | 8,919,891,388 | |||||||||||||||||
* | Wells Fargo Stable Value Fund: | |||||||||||||||||
Security-backed contracts: | ||||||||||||||||||
Transamerica Premier Life Ins. Co. | 2.73% | (1) | 273,818,055 | |||||||||||||||
Nationwide Life Insurance Co. | 2.66% | (1) | — | |||||||||||||||
Prudential Insurance Company of America | 3.09% | (1) | — |
29(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Transamerica Premier Life Ins. Co. | 2.73% | (1) | $ | 348,451,174 | ||||||||||||||
American General Life Ins. Co. | 2.69% | (1) | — | |||||||||||||||
Voya Ins. and Annuity Co. | 2.43% | (1) | 315,630,296 | |||||||||||||||
Metropolitan Life Ins. Co. Separate account 771 | 2.51% | (1) | 302,565,698 | |||||||||||||||
Metropolitan Life Ins. Co. Separate account 690 | 2.13% | (1) | 247,641,190 | |||||||||||||||
American General Life Ins. Co. | 2.69% | (1) | — | |||||||||||||||
Transamerica Premier Life Ins. Co. | 2.73% | (1) | — | |||||||||||||||
Pacific Life Ins. Co. | 2.83% | (1) | — | |||||||||||||||
State Street Bank and TrustCo. | 2.57% | (1) | — | |||||||||||||||
Massachusetts Mutual Life Ins. | 2.52% | (1) | — | |||||||||||||||
Nationwide Life Insurance Co. | 2.66% | (1) | — | |||||||||||||||
Voya Ins. and Annuity Co. | 2.43% | (1) | — | |||||||||||||||
AbbVie Inc. | 3.375%, $440,000 par, due 11/14/2021 | (1) | 439,586 | |||||||||||||||
Access Group Inc. 2013-1 | 3.006%, $1,456,923 par, due 2/25/2036 | (1) | 1,440,111 | |||||||||||||||
AIG Global Funding | 2.150%, $532,000 par, due 7/2/2020 | (1) | 524,113 | |||||||||||||||
AIG Global Funding | 2.700%, $930,000 par, due 12/15/2021 | (1) | 907,974 | |||||||||||||||
Airgas Inc. | 2.375%, $836,000 par, due 2/15/2020 | (1) | 832,619 | |||||||||||||||
Ally Auto Receivables Trust 2016-3 | 1.440%, $93,437 par, due 8/17/2020 | (1) | 93,103 | |||||||||||||||
Ally Auto Receivables Trust 2017-1 | 1.700%, $2,884,836 par, due 6/15/2021 | (1) | 2,864,887 | |||||||||||||||
Ally Auto Receivables Trust 2018-1 | 2.350%, $1,840,000 par, due 6/15/2022 | (1) | 1,824,669 | |||||||||||||||
Ally Auto Receivables Trust 2018-2 | 2.920%, $1,974,000 par, due 11/15/2022 | (1) | 1,970,565 | |||||||||||||||
Ally Auto Receivables Trust 2018-3 | 3.000%, $766,000 par, due 1/17/2023 | (1) | 765,371 | |||||||||||||||
Amal Ltd/Cayman Islands | 3.465%, $460,840 par, due 8/21/2021 | (1) | 465,269 | |||||||||||||||
American Electric Power Co Inc. | 3.650%, $400,000 par, due 12/1/2021 | (1) | 403,004 | |||||||||||||||
American Electric Power Co Inc. | 2.150%, $283,000 par, due 11/13/2020 | (1) | 277,355 | |||||||||||||||
American Express Co | 3.375%, $905,000 par, due 5/17/2021 | (1) | 906,439 | |||||||||||||||
American Express Credit Account Master Trust | 2.040%, $1,800,000 par, due 5/15/2023 | (1) | 1,772,244 | |||||||||||||||
American Express Credit Account Master Trust | 3.180%, $3,210,000 par, due 4/15/2024 | (1) | 3,235,744 | |||||||||||||||
American Express Credit Account Master Trust | 2.670%, $869,000 par, due 10/17/2022 | (1) | 865,618 | |||||||||||||||
American Express Credit Account Master Trust | 3.060%, $3,314,000 par, due 2/15/2024 | (1) | 3,325,877 | |||||||||||||||
American Express Credit Corp | 2.200%, $1,044,000 par, due 3/3/2020 | (1) | 1,032,776 | |||||||||||||||
American Express Credit Corp | 3.828%, $1,000,000 par, due 9/14/2020 | (1) | 1,006,703 | |||||||||||||||
American Express Credit Corp | 1.700%, $375,000 par, due 10/30/2019 | (1) | 370,866 | |||||||||||||||
American Express Credit Corp | 1.875%, $210,000 par, due 5/3/2019 | (1) | 209,225 | |||||||||||||||
American Express Credit Corp | 2.375%, $511,000 par, due 5/26/2020 | (1) | 505,641 | |||||||||||||||
American Express Credit Corp | 2.250%, $876,000 par, due 5/5/2021 | (1) | 857,230 | |||||||||||||||
American Honda Finance Corp | 2.000%, $1,700,000 par, due 2/14/2020 | (1) | 1,680,180 | |||||||||||||||
American Honda Finance Corp | 1.700%, $730,000 par, due 2/22/2019 | (1) | 728,660 | |||||||||||||||
American Honda Finance Corp | 3.000%, $715,000 par, due 6/16/2020 | (1) | 713,469 | |||||||||||||||
American Honda Finance Corp | 1.950%, $312,000 par, due 7/20/2020 | (1) | 307,068 | |||||||||||||||
AmeriCredit Auto Rec Trust | 1.530%, $2,391,559 par, due 7/8/2021 | (1) | 2,379,126 | |||||||||||||||
AmeriCredit Automobile Receivables Trust 2017-2 | 1.980%, $3,780,000 par, due 12/20/2021 | (1) | 3,751,385 | |||||||||||||||
AmeriCredit Automobile Receivables Trust 2017-3 | 1.900%, $1,095,000 par, due 3/18/2022 | (1) | 1,083,127 | |||||||||||||||
AmeriCredit Automobile Receivables Trust 2017-4 | 1.830%, $1,026,635 par, due 5/18/2021 | (1) | 1,023,060 | |||||||||||||||
AmeriCredit Automobile Receivables Trust 2018-2 | 3.150%, $1,502,000 par, due 3/20/2023 | (1) | 1,507,535 | |||||||||||||||
AmeriCredit Automobile Receivables Trust 2018-3 | 3.380%, $1,240,000 par, due 7/18/2023 | (1) | 1,250,601 | |||||||||||||||
Amphenol Corp | 2.200%, $1,869,000 par, due 4/1/2020 | (1) | 1,841,341 | |||||||||||||||
Analog Devices Inc. | 2.850%, $353,000 par, due 3/12/2020 | (1) | 351,760 | |||||||||||||||
Analog Devices Inc. | 2.950%, $959,000 par, due 1/12/2021 | (1) | 950,589 | |||||||||||||||
Anheuser-Busch InBev Finance Inc. | 2.650%, $481,000 par, due 2/1/2021 | (1) | 473,013 | |||||||||||||||
Anheuser-Busch InBev Finance Inc. | 3.300%, $450,000 par, due 2/1/2023 | (1) | 437,557 | |||||||||||||||
Anheuser-Busch InBev Worldwide Inc. | 2.500%, $673,000 par, due 7/15/2022 | (1) | 642,574 | |||||||||||||||
Anheuser-Busch InBev Worldwide Inc. | 3.500%, $820,000 par, due 1/12/2024 | (1) | 802,079 | |||||||||||||||
Apple Inc. | 2.400%, $300,000 par, due 1/13/2023 | (1) | 291,123 | |||||||||||||||
Archer-Daniels-Midland Co | 3.375%, $1,310,000 par, due 3/15/2022 | (1) | 1,314,990 | |||||||||||||||
ARI Fleet Lease Trust 2017-A | 1.910%, $1,145,619 par, due 4/15/2026 | (1) | 1,137,346 | |||||||||||||||
ARI Fleet Lease Trust 2018-B | 3.220%, $1,980,000 par, due 8/16/2027 | (1) | 1,985,502 | |||||||||||||||
Arizona School Facilities Board | 1.755%, $490,000 par, due 7/1/2019 | (1) | 487,344 | |||||||||||||||
Armada Area Schools | 1.810%, $490,000 par, due 5/1/2019 | (1) | 488,623 | |||||||||||||||
AT&T Inc. | 2.300%, $875,000 par, due 3/11/2019 | (1) | 873,443 | |||||||||||||||
AT&T Inc. | 2.450%, $2,454,000 par, due 6/30/2020 | (1) | 2,422,066 | |||||||||||||||
AT&T Inc. | 3.956%, $810,000 par, due 6/12/2024 | (1) | 785,694 | |||||||||||||||
AvalonBay Communities Inc. | 3.625%, $1,400,000 par, due 10/1/2020 | (1) | 1,408,036 | |||||||||||||||
Aventura Mall Trust 2013-AVM | 3.743%, $391,000 par, due 12/5/2032 | (1) | 395,030 | |||||||||||||||
BA Credit Card Trust | 3.000%, $3,607,000 par, due 9/15/2023 | (1) | 3,617,193 | |||||||||||||||
BA Credit Card Trust | 2.845%, $391,000 par, due 10/15/2021 | (1) | 391,253 | |||||||||||||||
BA Credit Card Trust | 1.840%, $960,000 par, due 1/17/2023 | (1) | 942,814 | |||||||||||||||
Bank of America Corp | 2.600%, $184,000 par, due 1/15/2019 | (1) | 183,964 | |||||||||||||||
Bank of America Corp | 2.650%, $1,200,000 par, due 4/1/2019 | (1) | 1,198,744 | |||||||||||||||
Bank of America Corp | 2.625%, $652,000 par, due 4/19/2021 | (1) | 643,132 | |||||||||||||||
Bank of America Corp | 2.151%, $201,000 par, due 11/9/2020 | (1) | 197,394 | |||||||||||||||
Bank of America Corp | 3.124%, $915,000 par, due 1/20/2023 | (1) | 899,601 | |||||||||||||||
Bank of America Corp | 3.487%, $2,214,000 par, due 4/24/2023 | (1) | 2,190,153 | |||||||||||||||
Bank of America Corp | 3.004%, $2,629,000 par, due 12/20/2023 | (1) | 2,555,409 |
30(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Bank of America Corp | 3.499%, $220,000 par, due 5/17/2022 | (1) | $ | 220,033 | ||||||||||||||
Bank of America Corp | 3.437%, $960,000 par, due 7/23/2024 | (1) | 942,218 | |||||||||||||||
Bank of Montreal | 3.100%, $1,092,000 par, due 4/13/2021 | (1) | 1,091,452 | |||||||||||||||
Bank of Montreal | 1.500%, $400,000 par, due 7/18/2019 | (1) | 396,995 | |||||||||||||||
Bank of Montreal | 2.500%, $1,480,000 par, due 1/11/2022 | (1) | 1,462,209 | |||||||||||||||
Bank of Montreal | 1.750%, $450,000 par, due 6/15/2021 | (1) | 437,871 | |||||||||||||||
Bank of New York Mellon Corp/The | 3.570%, $700,000 par, due 10/30/2023 | (1) | 701,233 | |||||||||||||||
Bank of New York Mellon Corp/The | 2.200%, $900,000 par, due 5/15/2019 | (1) | 897,917 | |||||||||||||||
Bank of New York Mellon Corp/The | 2.150%, $1,500,000 par, due 2/24/2020 | (1) | 1,486,857 | |||||||||||||||
Bank of New York Mellon Corp/The | 3.510%, $163,000 par, due 8/17/2020 | (1) | 164,265 | |||||||||||||||
Bank of Nova Scotia/The | 3.125%, $1,210,000 par, due 4/20/2021 | (1) | 1,208,092 | |||||||||||||||
Bank of Nova Scotia/The | 2.125%, $1,435,000 par, due 9/11/2019 | (1) | 1,427,552 | |||||||||||||||
Bank of Nova Scotia/The | 1.875%, $1,698,000 par, due 4/26/2021 | (1) | 1,657,900 | |||||||||||||||
Baptist Health South Florida Inc. | 4.590%, $380,000 par, due 8/15/2021 | (1) | 394,565 | |||||||||||||||
Bayer US Finance II LLC | 3.500%, $413,000 par, due 6/25/2021 | (1) | 410,076 | |||||||||||||||
Bayer US Finance II LLC | 3.798%, $860,000 par, due 12/15/2023 | (1) | 823,163 | |||||||||||||||
Bayer US Finance LLC | 2.375%, $1,470,000 par, due 10/8/2019 | (1) | 1,458,250 | |||||||||||||||
BB&T Corp | 3.200%, $503,000 par, due 9/3/2021 | (1) | 502,506 | |||||||||||||||
BB&T Corp | 2.450%, $1,173,000 par, due 1/15/2020 | (1) | 1,164,814 | |||||||||||||||
BB&T Corp | 2.150%, $503,000 par, due 2/1/2021 | (1) | 492,415 | |||||||||||||||
Becton Dickinson and Co | 2.675%, $104,000 par, due 12/15/2019 | (1) | 103,011 | |||||||||||||||
BMW US Capital LLC | 2.150%, $877,000 par, due 4/6/2020 | (1) | 866,810 | |||||||||||||||
BMW US Capital LLC | 3.250%, $710,000 par, due 8/14/2020 | (1) | 709,751 | |||||||||||||||
BMW US Capital LLC | 3.100%, $820,000 par, due 4/12/2021 | (1) | 812,118 | |||||||||||||||
BMW Vehicle Lease Trust 2017-2 | 1.800%, $717,360 par, due 2/20/2020 | (1) | 715,606 | |||||||||||||||
BMW Vehicle Lease Trust 2018-1 | 3.260%, $2,205,000 par, due 7/20/2021 | (1) | 2,215,427 | |||||||||||||||
Boston Properties LP | 5.625%, $1,061,000 par, due 11/15/2020 | (1) | 1,099,842 | |||||||||||||||
BP Capital Markets America Inc. | 4.500%, $1,342,000 par, due 10/1/2020 | (1) | 1,374,023 | |||||||||||||||
BP Capital Markets America Inc. | 2.750%, $92,000 par, due 5/10/2023 | (1) | 89,333 | |||||||||||||||
BP Capital Markets PLC | 2.315%, $683,000 par, due 2/13/2020 | (1) | 677,163 | |||||||||||||||
BP Capital Markets PLC | 1.676%, $730,000 par, due 5/3/2019 | (1) | 726,462 | |||||||||||||||
Branch Banking & Trust Co | 1.450%, $730,000 par, due 5/10/2019 | (1) | 725,765 | |||||||||||||||
Branch Banking & Trust Co | 2.100%, $1,282,000 par, due 1/15/2020 | (1) | 1,268,607 | |||||||||||||||
Branch Banking & Trust Co | 2.625%, $250,000 par, due 1/15/2022 | (1) | 245,348 | |||||||||||||||
Brazos Higher Education Authority Inc. | 3.577%, $722,216 par, due 5/25/2029 | (1) | 724,997 | |||||||||||||||
Burlington Northern Santa Fe LLC | 3.050%, $840,000 par, due 9/1/2022 | (1) | 833,855 | |||||||||||||||
CA Dept of Water Resources | 2.000%, $490,000 par, due 5/1/2022 | (1) | 475,917 | |||||||||||||||
Capital Auto Rec Trust | 1.460%, $362,387 par, due 6/22/2020 | (1) | 361,913 | |||||||||||||||
Capital Auto Receivables Asset Trust 2018-1 | 2.790%, $290,000 par, due 1/20/2022 | (1) | 289,258 | |||||||||||||||
Capital One Exec Tr | 1.340%, $239,000 par, due 4/15/2022 | (1) | 237,160 | |||||||||||||||
Capital One Exec Tr | 1.820%, $609,000 par, due 9/15/2022 | (1) | 603,032 | |||||||||||||||
Capital One Multi-Asset Execution Trust | 1.990%, $2,940,000 par, due 7/17/2023 | (1) | 2,894,357 | |||||||||||||||
Capital One Multi-Asset Execution Trust | 3.010%, $1,278,000 par, due 2/15/2024 | (1) | 1,284,750 | |||||||||||||||
Capital One NA | 1.850%, $673,000 par, due 9/13/2019 | (1) | 665,632 | |||||||||||||||
Capital One NA | 2.250%, $1,197,000 par, due 9/13/2021 | (1) | 1,154,673 | |||||||||||||||
Capital One NA | 3.411%, $1,549,000 par, due 8/8/2022 | (1) | 1,519,114 | |||||||||||||||
Cardinal Health Inc. | 2.616%, $1,500,000 par, due 6/15/2022 | (1) | 1,445,003 | |||||||||||||||
Cardinal Health Inc. | 1.948%, $375,000 par, due 6/14/2019 | (1) | 373,069 | |||||||||||||||
Cargill Inc. | 3.250%, $1,146,000 par, due 11/15/2021 | (1) | 1,145,689 | |||||||||||||||
Cargill Inc. | 3.050%, $669,000 par, due 4/19/2021 | (1) | 668,337 | |||||||||||||||
CarMax Auto Owner Trust 2015-3 | 1.630%, $29,733 par, due 5/15/2020 | (1) | 29,696 | |||||||||||||||
CarMax Auto Owner Trust 2015-4 | 1.560%, $76,772 par, due 11/16/2020 | (1) | 76,489 | |||||||||||||||
CarMax Auto Owner Trust 2016-3 | 1.390%, $2,183,594 par, due 5/17/2021 | (1) | 2,164,278 | |||||||||||||||
CarMax Auto Owner Trust 2017-2 | 1.630%, $132,355 par, due 6/15/2020 | (1) | 132,212 | |||||||||||||||
CarMax Auto Owner Trust 2017-3 | 1.970%, $2,076,000 par, due 4/15/2022 | (1) | 2,053,334 | |||||||||||||||
CarMax Auto Owner Trust 2017-4 | 1.800%, $1,589,109 par, due 4/15/2021 | (1) | 1,582,393 | |||||||||||||||
CarMax Auto Owner Trust 2018-1 | 2.480%, $2,420,000 par, due 11/15/2022 | (1) | 2,401,843 | |||||||||||||||
CarMax Auto Owner Trust 2018-2 | 2.980%, $679,000 par, due 1/17/2023 | (1) | 682,958 | |||||||||||||||
CarMax Auto Owner Trust 2018-4 | 3.360%, $1,585,000 par, due 9/15/2023 | (1) | 1,595,857 | |||||||||||||||
Caterpillar Financial Services Corp | 2.250%, $600,000 par, due 12/1/2019 | (1) | 595,743 | |||||||||||||||
Caterpillar Financial Services Corp | 2.000%, $750,000 par, due 3/5/2020 | (1) | 741,039 | |||||||||||||||
Caterpillar Financial Services Corp | 1.900%, $1,210,000 par, due 3/22/2019 | (1) | 1,207,609 | |||||||||||||||
Caterpillar Financial Services Corp | 1.850%, $380,000 par, due 9/4/2020 | (1) | 372,600 | |||||||||||||||
Caterpillar Financial Services Corp | 2.950%, $530,000 par, due 5/15/2020 | (1) | 529,621 | |||||||||||||||
Caterpillar Financial Services Corp | 3.046%, $680,000 par, due 9/7/2021 | (1) | 675,370 | |||||||||||||||
Caterpillar Financial Services Corp | 3.350%, $645,000 par, due 12/7/2020 | (1) | 647,652 | |||||||||||||||
CenterPoint Energy Houston Electric LLC | 1.850%, $1,348,000 par, due 6/1/2021 | (1) | 1,307,613 | |||||||||||||||
Charles Schwab Corp/The | 3.250%, $2,425,000 par, due 5/21/2021 | (1) | 2,436,834 | |||||||||||||||
Chase Issuance Trust | 1.370%, $321,000 par, due 6/15/2021 | (1) | 318,586 | |||||||||||||||
Chase Issuance Trust | 1.270%, $3,000,000 par, due 7/15/2021 | (1) | 2,973,705 | |||||||||||||||
Chesapeake Funding II LLC | 3.040%, $1,983,255 par, due 4/15/2030 | (1) | 1,981,877 | |||||||||||||||
Chesapeake Funding II LLC | 3.230%, $775,000 par, due 8/15/2030 | (1) | 778,501 | |||||||||||||||
Chesapeake Funding II LLC | 3.390%, $2,005,000 par, due 1/15/2031 | (1) | 2,004,619 | |||||||||||||||
Chubb INA Holdings Inc. | 2.300%, $742,000 par, due 11/3/2020 | (1) | 731,389 |
31(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Cigna Corp | 3.400%, $967,000 par, due 9/17/2021 | (1) | $ | 964,800 | ||||||||||||||
Cintas Corp No 2 | 2.900%, $1,500,000 par, due 4/1/2022 | (1) | 1,475,469 | |||||||||||||||
Cisco Systems Inc. | 2.200%, $1,100,000 par, due 2/28/2021 | (1) | 1,085,424 | |||||||||||||||
Citibank NA | 2.000%, $680,000 par, due 3/20/2019 | (1) | 678,303 | |||||||||||||||
Citibank NA | 2.100%, $1,849,000 par, due 6/12/2020 | (1) | 1,818,394 | |||||||||||||||
Citibank NA | 3.400%, $1,377,000 par, due 7/23/2021 | (1) | 1,378,750 | |||||||||||||||
Citigroup Inc. | 2.700%, $234,000 par, due 3/30/2021 | (1) | 230,525 | |||||||||||||||
Citigroup Inc. | 2.050%, $196,000 par, due 6/7/2019 | (1) | 195,174 | |||||||||||||||
Citigroup Inc. | 2.350%, $1,563,000 par, due 8/2/2021 | (1) | 1,518,395 | |||||||||||||||
Citigroup Inc. | 3.450%, $1,440,000 par, due 4/25/2022 | (1) | 1,421,052 | |||||||||||||||
Citigroup Inc. | 2.700%, $554,000 par, due 10/27/2022 | (1) | 534,029 | |||||||||||||||
Citigroup Inc. | 3.761%, $480,000 par, due 6/1/2024 | (1) | 470,168 | |||||||||||||||
Citizens Bank NA/Providence RI | 2.500%, $360,000 par, due 3/14/2019 | (1) | 359,657 | |||||||||||||||
Citizens Bank NA/Providence RI | 2.250%, $575,000 par, due 10/30/2020 | (1) | 564,098 | |||||||||||||||
City of Cedar Park TX | 1.830%, $55,000 par, due 8/15/2019 | (1) | 54,764 | |||||||||||||||
City of Houston TX | 2.372%, $325,000 par, due 3/1/2020 | (1) | 323,456 | |||||||||||||||
City of Houston TX | 2.978%, $585,000 par, due 3/1/2023 | (1) | 587,258 | |||||||||||||||
Clorox Co/The | 3.800%, $359,000 par, due 11/15/2021 | (1) | 366,268 | |||||||||||||||
CNH Equipment Trust 2015-B | 1.370%, $4,494 par, due 7/15/2020 | (1) | 4,491 | |||||||||||||||
CNH Equipment Trust 2015-C | 1.660%, $40,217 par, due 11/16/2020 | (1) | 40,071 | |||||||||||||||
CNH Equipment Trust 2016-B | 1.630%, $193,586 par, due 8/15/2021 | (1) | 192,122 | |||||||||||||||
CNH Equipment Trust 2017-B | 1.860%, $2,103,000 par, due 9/15/2022 | (1) | 2,074,755 | |||||||||||||||
College Loan Corp Trust I | 3.240%, $8,720,000 par, due 4/25/2046 | (1) | 8,676,522 | |||||||||||||||
Comcast Corp | 2.850%, $141,000 par, due 1/15/2023 | (1) | 138,259 | |||||||||||||||
Comcast Corp | 3.300%, $262,000 par, due 10/1/2020 | (1) | 263,002 | |||||||||||||||
Comcast Corp | 3.450%, $2,492,000 par, due 10/1/2021 | (1) | 2,517,266 | |||||||||||||||
COMM 2012-CCRE1 Mortgage Trust | 3.053%, $188,156 par, due 5/15/2045 | (1) | 187,904 | |||||||||||||||
COMM 2012-CCRE2 Mortgage Trust | 2.752%, $169,519 par, due 8/15/2045 | (1) | 168,208 | |||||||||||||||
COMM 2012-CCRE5 Mortgage Trust | 2.388%, $2,748,139 par, due 12/10/2045 | (1) | 2,715,950 | |||||||||||||||
COMM 2014-CCRE19 Mortgage Trust | 3.499%, $3,000,000 par, due 8/10/2047 | (1) | 3,035,535 | |||||||||||||||
Commercial Mortgage Pass Through Certificates | 3.743%, $2,738,033 par, due 2/10/2047 | (1) | 2,786,718 | |||||||||||||||
Commonwealth Edison Co | 3.400%, $544,000 par, due 9/1/2021 | (1) | 546,934 | |||||||||||||||
Commonwealth Edison Co | 2.150%, $725,000 par, due 1/15/2019 | (1) | 724,720 | |||||||||||||||
Cooperatieve Rabobank UA | 3.682%, $470,000 par, due 9/26/2023 | (1) | 463,885 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 2.500%, $750,000 par, due 1/19/2021 | (1) | 736,990 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 3.244%, $332,000 par, due 1/10/2022 | (1) | 330,445 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 3.125%, $250,000 par, due 4/26/2021 | (1) | 249,085 | |||||||||||||||
Credit Suisse Group AG | 3.978%, $1,600,000 par, due 12/14/2023 | (1) | 1,590,834 | |||||||||||||||
Credit Suisse Group AG | 4.016%, $790,000 par, due 6/12/2024 | (1) | 778,091 | |||||||||||||||
CVS Health Corp | 2.800%, $391,000 par, due 7/20/2020 | (1) | 387,472 | |||||||||||||||
CVS Health Corp | 2.125%, $304,000 par, due 6/1/2021 | (1) | 293,319 | |||||||||||||||
CVS Health Corp | 3.700%, $1,420,000 par, due 3/9/2023 | (1) | 1,404,799 | |||||||||||||||
CVS Health Corp | 3.350%, $970,000 par, due 3/9/2021 | (1) | 967,231 | |||||||||||||||
Daimler Finance North America LLC | 1.500%, $794,000 par, due 7/5/2019 | (1) | 786,180 | |||||||||||||||
Daimler Finance North America LLC | 2.200%, $290,000 par, due 5/5/2020 | (1) | 285,247 | |||||||||||||||
Daimler Finance North America LLC | 2.300%, $1,077,000 par, due 2/12/2021 | (1) | 1,050,850 | |||||||||||||||
Daimler Finance North America LLC | 3.000%, $770,000 par, due 2/22/2021 | (1) | 761,659 | |||||||||||||||
Daimler Finance North America LLC | 3.350%, $610,000 par, due 5/4/2021 | (1) | 608,150 | |||||||||||||||
Daimler Finance North America LLC | 3.750%, $450,000 par, due 11/5/2021 | (1) | 451,534 | |||||||||||||||
Daimler Trucks Retail Trust 2018-1 | 2.850%, $1,202,000 par, due 7/15/2021 | (1) | 1,199,893 | |||||||||||||||
Dallas TX Water Sewer | 1.960%, $90,000 par, due 10/1/2019 | (1) | 89,439 | |||||||||||||||
Dell Equipment Finance Trust 2017-2 | 2.190%, $544,000 par, due 10/24/2022 | (1) | 540,092 | |||||||||||||||
Dell Equipment Finance Trust 2018-1 | 3.180%, $840,000 par, due 6/22/2023 | (1) | 840,271 | |||||||||||||||
Dell Equipment Finance Trust 2018-2 | 3.370%, $1,350,000 par, due 10/22/2023 | (1) | 1,355,929 | |||||||||||||||
Diageo Capital PLC | 3.000%, $705,000 par, due 5/18/2020 | (1) | 705,625 | |||||||||||||||
Discover Card Execution Note Trust | 1.880%, $3,100,000 par, due 2/15/2023 | (1) | 3,049,833 | |||||||||||||||
Discover Card Execution Note Trust | 3.110%, $1,095,000 par, due 1/16/2024 | (1) | 1,101,591 | |||||||||||||||
DNB Boligkreditt AS | 2.500%, $788,000 par, due 3/28/2022 | (1) | 775,392 | |||||||||||||||
DowDuPont Inc. | 3.766%, $1,540,000 par, due 11/15/2020 | (1) | 1,554,764 | |||||||||||||||
DowDuPont Inc. | 3.817%, $940,000 par, due 11/15/2023 | (1) | 923,943 | |||||||||||||||
Duke Energy Florida LLC | 4.550%, $1,250,000 par, due 4/1/2020 | (1) | 1,273,791 | |||||||||||||||
Duke Energy Florida LLC | 3.100%, $302,000 par, due 8/15/2021 | (1) | 301,570 | |||||||||||||||
Duke Energy Progress LLC | 3.000%, $1,760,000 par, due 9/15/2021 | (1) | 1,762,513 | |||||||||||||||
Eaton Corp | 6.950%, $277,000 par, due 3/20/2019 | (1) | 279,666 | |||||||||||||||
Ecolab Inc. | 2.250%, $526,000 par, due 1/12/2020 | (1) | 522,585 | |||||||||||||||
EdLinc Student Loan Funding Trust 2012-1 | 3.506%, $1,192,522 par, due 9/25/2030 | (1) | 1,199,458 | |||||||||||||||
Edsouth Indenture No 2 LLC | 3.656%, $101,614 par, due 9/25/2040 | (1) | 102,247 | |||||||||||||||
Edsouth Indenture No 4 LLC | 3.076%, $124,420 par, due 2/26/2029 | (1) | 123,108 | |||||||||||||||
Edu Fund of South | 3.140%, $118,891 par, due 4/25/2035 | (1) | 119,665 | |||||||||||||||
Education Loan ABS Tr | 3.306%, $966,689 par, due 6/25/2026 | (1) | 970,063 | |||||||||||||||
EI du Pont de Nemours & Co | 3.071%, $690,000 par, due 5/1/2020 | (1) | 690,348 | |||||||||||||||
EMD Finance LLC (Merck KGaA) | 2.400%, $761,000 par, due 3/19/2020 | (1) | 753,253 | |||||||||||||||
Entergy Arkansas LLC | 3.750%, $1,050,000 par, due 2/15/2021 | (1) | 1,060,089 | |||||||||||||||
Entergy Arkansas LLC | 3.050%, $196,000 par, due 6/1/2023 | (1) | 193,828 |
32(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Entergy Texas Inc. | 7.125%, $120,000 par, due 2/1/2019 | (1) | $ | 120,331 | ||||||||||||||
Enterprise Fleet Fin | 1.830%, $22,720 par, due 9/20/2021 | (1) | 22,714 | |||||||||||||||
Enterprise Fleet Fin | 1.740%, $76,993 par, due 2/22/2022 | (1) | 76,707 | |||||||||||||||
Enterprise Fleet Fin | 2.130%, $2,389,387 par, due 7/20/2022 | (1) | 2,375,254 | |||||||||||||||
Enterprise Fleet Financing 2018-2 LLC | 3.140%, $2,655,000 par, due 2/20/2024 | (1) | 2,652,988 | |||||||||||||||
Enterprise Fleet Financing LLC | 2.870%, $290,000 par, due 10/20/2023 | (1) | 289,089 | |||||||||||||||
Enterprise Fleet Financing LLC | 1.970%, $1,690,377 par, due 1/20/2023 | (1) | 1,677,300 | |||||||||||||||
Enterprise Fleet Financing LLC | 2.130%, $884,639 par, due 5/22/2023 | (1) | 876,814 | |||||||||||||||
Enterprise Products Operating LLC | 2.850%, $230,000 par, due 4/15/2021 | (1) | 227,705 | |||||||||||||||
Enterprise Products Operating LLC | 2.800%, $1,103,000 par, due 2/15/2021 | (1) | 1,091,427 | |||||||||||||||
Enterprise Products Operating LLC | 3.500%, $430,000 par, due 2/1/2022 | (1) | 431,139 | |||||||||||||||
Equifax Inc. | 2.300%, $473,000 par, due 6/1/2021 | (1) | 458,743 | |||||||||||||||
Equifax Inc. | 3.600%, $1,018,000 par, due 8/15/2021 | (1) | 1,016,489 | |||||||||||||||
Equinor ASA | 2.900%, $520,000 par, due 11/8/2020 | (1) | 518,079 | |||||||||||||||
ERP Operating LP | 4.750%, $45,000 par, due 7/15/2020 | (1) | 45,866 | |||||||||||||||
ERP Operating LP | 2.375%, $1,554,000 par, due 7/1/2019 | (1) | 1,549,197 | |||||||||||||||
Fannie Mae Grantor Trust 2004-T2 | 6.000%, $665,676 par, due 11/25/2043 | (1) | 730,405 | |||||||||||||||
Fannie Mae Pool | 3.913%, $586,558 par, due 10/1/2032 | (1) | 608,088 | |||||||||||||||
Fannie Mae Pool | 2.268%, $1,171,889 par, due 11/1/2032 | (1) | 1,166,201 | |||||||||||||||
Fannie Mae Pool | 5.500%, $282,733 par, due 4/1/2033 | (1) | 306,253 | |||||||||||||||
Fannie Mae Pool | 3.807%, $114,545 par, due 2/1/2041 | (1) | 119,174 | |||||||||||||||
Fannie Mae Pool | 4.500%, $581,341 par, due 10/1/2041 | (1) | 602,210 | |||||||||||||||
Fannie Mae Pool | 2.631%, $143,111 par, due 6/1/2020 | (1) | 142,520 | |||||||||||||||
Fannie Mae Pool | 2.570%, $391,000 par, due 12/1/2020 | (1) | 387,958 | |||||||||||||||
Fannie Mae Pool | 2.600%, $626,768 par, due 1/1/2021 | (1) | 623,777 | |||||||||||||||
Fannie Mae Pool | 2.410%, $926,116 par, due 12/1/2021 | (1) | 915,302 | |||||||||||||||
Fannie Mae Pool | 2.120%, $1,269,613 par, due 12/1/2020 | (1) | 1,254,607 | |||||||||||||||
Fannie Mae Pool | 2.500%, $1,611,735 par, due 8/1/2027 | (1) | 1,590,151 | |||||||||||||||
Fannie Mae Pool | 3.000%, $3,420,567 par, due 8/1/2027 | (1) | 3,431,229 | |||||||||||||||
Fannie Mae Pool | 2.500%, $6,599,692 par, due 11/1/2027 | (1) | 6,511,236 | |||||||||||||||
Fannie Mae Pool | 2.500%, $1,189,731 par, due 10/1/2024 | (1) | 1,191,340 | |||||||||||||||
Fannie Mae Pool | 3.000%, $250,718 par, due 5/1/2031 | (1) | 250,268 | |||||||||||||||
Fannie Mae Pool | 3.000%, $397,316 par, due 2/1/2031 | (1) | 396,602 | |||||||||||||||
Fannie Mae Pool | 2.448%, $46,841 par, due 9/1/2044 | (1) | 48,164 | |||||||||||||||
Fannie Mae Pool | 2.798%, $603,938 par, due 10/1/2044 | (1) | 608,144 | |||||||||||||||
Fannie Mae Pool | 2.465%, $1,446,590 par, due 2/1/2045 | (1) | 1,465,435 | |||||||||||||||
Fannie Mae Pool | 2.568%, $1,649,557 par, due 4/1/2045 | (1) | 1,650,242 | |||||||||||||||
Fannie Mae Pool | 2.443%, $1,136,757 par, due 4/1/2045 | (1) | 1,136,581 | |||||||||||||||
Fannie Mae Pool | 2.308%, $305,668 par, due 8/1/2045 | (1) | 302,883 | |||||||||||||||
Fannie Mae Pool | 2.344%, $117,913 par, due 6/1/2045 | (1) | 117,345 | |||||||||||||||
Fannie Mae Pool | 6.000%, $61,036 par, due 2/1/2033 | (1) | 66,544 | |||||||||||||||
Fannie Mae Pool | 4.401%, $668,396 par, due 7/1/2033 | (1) | 699,564 | |||||||||||||||
Fannie Mae Pool | 4.240%, $244,126 par, due 5/1/2037 | (1) | 254,827 | |||||||||||||||
Fannie Mae Pool | 5.000%, $655,082 par, due 6/1/2035 | (1) | 695,514 | |||||||||||||||
Fannie Mae Pool | 4.132%, $273,591 par, due 8/1/2035 | (1) | 283,584 | |||||||||||||||
Fannie Mae Pool | 4.060%, $333,811 par, due 8/1/2033 | (1) | 344,207 | |||||||||||||||
Fannie Mae Pool | 4.060%, $244,923 par, due 8/1/2033 | (1) | 252,785 | |||||||||||||||
Fannie Mae Pool | 4.251%, $218,043 par, due 12/1/2033 | (1) | 225,597 | |||||||||||||||
Fannie Mae Pool | 4.106%, $96,908 par, due 5/1/2034 | (1) | 100,018 | |||||||||||||||
Fannie Mae Pool | 4.147%, $1,710,429 par, due 6/1/2034 | (1) | 1,766,891 | |||||||||||||||
Fannie Mae Pool | 5.000%, $35,142 par, due 10/1/2019 | (1) | 35,755 | |||||||||||||||
Fannie Mae Pool | 5.000%, $44,000 par, due 11/1/2019 | (1) | 44,767 | |||||||||||||||
Fannie Mae Pool | 5.500%, $5,246 par, due 6/1/2021 | (1) | 5,311 | |||||||||||||||
Fannie Mae Pool | 5.500%, $102,725 par, due 1/1/2036 | (1) | 107,315 | |||||||||||||||
Fannie Mae Pool | 5.500%, $142,995 par, due 2/1/2036 | (1) | 148,773 | |||||||||||||||
Fannie Mae Pool | 2.682%, $210,245 par, due 12/1/2045 | (1) | 210,624 | |||||||||||||||
Fannie Mae Pool | 2.630%, $1,794,779 par, due 11/1/2045 | (1) | 1,798,286 | |||||||||||||||
Fannie Mae Pool | 2.382%, $2,632,134 par, due 10/1/2046 | (1) | 2,608,410 | |||||||||||||||
Fannie Mae Pool | 2.377%, $2,530,857 par, due 11/1/2046 | (1) | 2,508,629 | |||||||||||||||
Fannie Mae Pool | 3.039%, $3,678,212 par, due 6/1/2047 | (1) | 3,703,736 | |||||||||||||||
Fannie Mae Pool | 5.000%, $3,266,780 par, due 8/1/2056 | (1) | 3,457,759 | |||||||||||||||
Fannie Mae Pool | 3.144%, $3,455,426 par, due 6/1/2047 | (1) | 3,489,497 | |||||||||||||||
Fannie Mae Pool | 2.776%, $2,113,698 par, due 9/1/2047 | (1) | 2,111,181 | |||||||||||||||
Fannie Mae Pool | 2.751%, $2,502,445 par, due 9/1/2047 | (1) | 2,497,505 | |||||||||||||||
Fannie Mae Pool | 2.761%, $3,158,292 par, due 11/1/2047 | (1) | 3,154,152 | |||||||||||||||
Fannie Mae Pool | 2.985%, $1,561,497 par, due 2/1/2048 | (1) | 1,568,110 | |||||||||||||||
Fannie Mae Pool | 3.282%, $3,400,314 par, due 5/1/2048 | (1) | 3,443,318 | |||||||||||||||
Fannie Mae Pool | 3.743%, $708,137 par, due 5/1/2036 | (1) | 720,029 | |||||||||||||||
Fannie Mae Pool | 3.995%, $767,151 par, due 5/1/2038 | (1) | 801,329 | |||||||||||||||
Fannie Mae Pool | 2.500%, $412,339 par, due 10/1/2023 | (1) | 412,892 | |||||||||||||||
Fannie Mae Pool | 2.500%, $2,530,046 par, due 12/1/2026 | (1) | 2,510,175 | |||||||||||||||
Fannie Mae Pool | 3.000%, $1,819,272 par, due 2/1/2027 | (1) | 1,829,409 | |||||||||||||||
Fannie Mae REMIC Trust 2003-W11 | 6.692%, $45,200 par, due 7/25/2033 | (1) | 47,924 | |||||||||||||||
Fannie Mae REMIC Trust 2004-W11 | 7.000%, $677,850 par, due 5/25/2044 | (1) | 789,557 |
33(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Fannie Mae REMICS | 5.500%, $1,909,857 par, due 4/25/2035 | (1) | $ | 2,083,956 | ||||||||||||||
Fannie Mae REMICS | 5.500%, $1,967,060 par, due 4/25/2035 | (1) | 2,147,711 | |||||||||||||||
Fannie Mae REMICS | 3.000%, $42,107 par, due 6/25/2038 | (1) | 42,429 | |||||||||||||||
Fannie Mae REMICS | 4.000%, $84,690 par, due 4/25/2027 | (1) | 88,130 | |||||||||||||||
Fannie Mae REMICS | 2.500%, $63,989 par, due 3/25/2037 | (1) | 64,061 | |||||||||||||||
Fannie Mae Trust 2003-W6 | 6.500%, $265,368 par, due 9/25/2042 | (1) | 294,738 | |||||||||||||||
Fannie Mae Trust 2004-W1 | 7.000%, $513,886 par, due 12/25/2033 | (1) | 588,543 | |||||||||||||||
Fannie Mae-Aces | 1.646%, $269,819 par, due 9/25/2019 | (1) | 268,184 | |||||||||||||||
Fannie Mae-Aces | 2.791%, $1,899,840 par, due 4/25/2024 | (1) | 1,905,198 | |||||||||||||||
Fannie Mae-Aces | 2.171%, $4,105,277 par, due 9/25/2019 | (1) | 4,079,291 | |||||||||||||||
Fannie Mae-Aces | 2.034%, $443,762 par, due 3/25/2019 | (1) | 442,673 | |||||||||||||||
Federal Realty Investment Trust | 2.750%, $410,000 par, due 6/1/2023 | (1) | 395,016 | |||||||||||||||
Federal Realty Investment Trust | 2.550%, $73,000 par, due 1/15/2021 | (1) | 71,995 | |||||||||||||||
Fifth Third Auto Trust 2015-1 | 1.420%, $2,608 par, due 3/16/2020 | (1) | 2,607 | |||||||||||||||
Fifth Third Auto Trust 2017-1 | 1.800%, $2,020,000 par, due 2/15/2022 | (1) | 1,997,992 | |||||||||||||||
Fifth Third Bank/Cincinnati OH | 3.350%, $1,610,000 par, due 7/26/2021 | (1) | 1,613,243 | |||||||||||||||
Fiserv Inc. | 2.700%, $788,000 par, due 6/1/2020 | (1) | 782,143 | |||||||||||||||
Ford Credit Auto Lease Trust | 3.190%, $2,220,000 par, due 12/15/2021 | (1) | 2,229,180 | |||||||||||||||
Ford Credit Auto Lease Trust 2017-B | 1.800%, $537,037 par, due 6/15/2020 | (1) | 535,481 | |||||||||||||||
Ford Credit Auto Lease Trust 2018-A | 2.930%, $2,476,000 par, due 6/15/2021 | (1) | 2,471,058 | |||||||||||||||
Ford Credit Auto Owner Tr | 2.620%, $2,000,000 par, due 8/15/2028 | (1) | 1,971,228 | |||||||||||||||
Ford Credit Auto Owner Tr | 2.310%, $1,415,000 par, due 8/15/2027 | (1) | 1,395,714 | |||||||||||||||
Ford Credit Auto Owner Trust 2018-A | 3.030%, $3,495,000 par, due 11/15/2022 | (1) | 3,496,625 | |||||||||||||||
Ford Credit Auto Owner Trust/Ford Credit | 3.470%, $761,000 par, due 1/15/2030 | (1) | 767,945 | |||||||||||||||
Ford Motor Credit Co LLC | 2.021%, $860,000 par, due 5/3/2019 | (1) | 856,524 | |||||||||||||||
Ford Motor Credit Co LLC | 2.262%, $200,000 par, due 3/28/2019 | (1) | 199,426 | |||||||||||||||
Ford Motor Credit Co LLC | 2.425%, $1,106,000 par, due 6/12/2020 | (1) | 1,076,939 | |||||||||||||||
Ford Motor Credit Co LLC | 3.470%, $200,000 par, due 4/5/2021 | (1) | 194,384 | |||||||||||||||
Fortive Corp | 1.800%, $189,000 par, due 6/15/2019 | (1) | 186,740 | |||||||||||||||
Fortive Corp | 2.350%, $527,000 par, due 6/15/2021 | (1) | 513,859 | |||||||||||||||
Fragata Leasing LLC | 1.732%, $669,001 par, due 9/18/2024 | (1) | 649,100 | |||||||||||||||
Freddie Mac Gold Pool | 3.000%, $2,954,182 par, due 8/1/2027 | (1) | 2,946,752 | |||||||||||||||
Freddie Mac Gold Pool | 6.000%, $1,032,935 par, due 8/1/2038 | (1) | 1,146,132 | |||||||||||||||
Freddie Mac Gold Pool | 6.000%, $2,167,977 par, due 8/1/2038 | (1) | 2,402,743 | |||||||||||||||
Freddie Mac Gold Pool | 5.500%, $162,323 par, due 12/1/2033 | (1) | 172,032 | |||||||||||||||
Freddie Mac Gold Pool | 5.000%, $150,908 par, due 5/1/2020 | (1) | 153,142 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.456%, $3,519,042 par, due 8/25/2019 | (1) | 3,506,570 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.355%, $2,153,359 par, due 4/25/2021 | (1) | 2,143,234 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 3.047%, $1,039,578 par, due 9/25/2022 | (1) | 1,040,224 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.566%, $4,160,660 par, due 9/25/2020 | (1) | 4,138,921 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.997%, $126,646 par, due 1/25/2023 | (1) | 126,685 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.870%, $1,304,225 par, due 1/25/2021 | (1) | 1,304,003 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.304%, $1,201,713 par, due 10/1/2043 | (1) | 1,184,383 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.366%, $1,041,035 par, due 12/1/2042 | (1) | 1,032,732 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.578%, $1,005,271 par, due 5/1/2044 | (1) | 1,045,082 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.376%, $3,131,370 par, due 7/1/2045 | (1) | 3,114,135 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.223%, $210,086 par, due 8/1/2045 | (1) | 208,896 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.408%, $4,588,500 par, due 8/1/2045 | (1) | 4,564,782 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.589%, $1,715,997 par, due 5/1/2045 | (1) | 1,714,830 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.585%, $195,144 par, due 6/1/2045 | (1) | 195,324 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.441%, $426,253 par, due 9/1/2045 | (1) | 426,242 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.298%, $358,293 par, due 10/1/2045 | (1) | 358,331 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.610%, $2,044,827 par, due 11/1/2045 | (1) | 2,042,790 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.566%, $3,378,710 par, due 2/1/2046 | (1) | 3,405,246 | |||||||||||||||
Freddie Mac Non Gold Pool | 3.044%, $4,105,510 par, due 6/1/2047 | (1) | 4,128,160 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.282%, $299,575 par, due 10/1/2046 | (1) | 295,577 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.418%, $2,954,930 par, due 10/1/2046 | (1) | 2,925,543 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.393%, $5,596,006 par, due 10/1/2046 | (1) | 5,537,091 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.553%, $270,973 par, due 11/1/2046 | (1) | 269,071 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.226%, $3,033,402 par, due 1/1/2047 | (1) | 2,987,668 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.772%, $1,533,284 par, due 11/1/2047 | (1) | 1,527,964 | |||||||||||||||
Freddie Mac Non Gold Pool | 3.621%, $1,650,888 par, due 5/1/2048 | (1) | 1,684,891 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.321%, $142,056 par, due 5/1/2042 | (1) | 147,523 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.181%, $49,712 par, due 6/1/2042 | (1) | 51,324 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.435%, $160,783 par, due 6/1/2042 | (1) | 166,676 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.476%, $994,680 par, due 9/1/2042 | (1) | 1,019,838 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.164%, $130,536 par, due 5/1/2038 | (1) | 135,931 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.645%, $535,768 par, due 9/1/2037 | (1) | 562,210 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.459%, $159,470 par, due 6/1/2036 | (1) | 166,271 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.019%, $627,101 par, due 8/1/2035 | (1) | 645,988 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.065%, $141,899 par, due 1/1/2041 | (1) | 147,706 | |||||||||||||||
Freddie Mac REMICS | 3.500%, $47,573 par, due 4/15/2041 | (1) | 48,041 | |||||||||||||||
Freddie Mac REMICS | 3.000%, $40,314 par, due 12/15/2044 | (1) | 40,149 | |||||||||||||||
Freddie Mac REMICS | 4.000%, $917 par, due 9/15/2019 | (1) | 915 |
34(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Freddie Mac REMICS | 4.000%, $58,428 par, due 6/15/2023 | (1) | $ | 58,358 | ||||||||||||||
Freddie Mac Struct PT Cert | 5.231%, $2,800,498 par, due 5/25/2043 | (1) | 3,026,359 | |||||||||||||||
GAHR Commercial Mortgage Trust 2015-NRF | 3.235%, $217,000 par, due 12/15/2034 | (1) | 216,318 | |||||||||||||||
GE Cap Intl Funding | 2.342%, $1,727,000 par, due 11/15/2020 | (1) | 1,666,650 | |||||||||||||||
General Dynamics Corp | 3.000%, $780,000 par, due 5/11/2021 | (1) | 780,631 | |||||||||||||||
General Electric Co | 5.550%, $215,000 par, due 5/4/2020 | (1) | 218,685 | |||||||||||||||
General Electric Co | 5.500%, $598,000 par, due 1/8/2020 | (1) | 605,044 | |||||||||||||||
General Electric Co | 2.200%, $228,000 par, due 1/9/2020 | (1) | 224,680 | |||||||||||||||
General Mills Inc. | 5.650%, $275,000 par, due 2/15/2019 | (1) | 275,681 | |||||||||||||||
General Mills Inc. | 3.200%, $779,000 par, due 4/16/2021 | (1) | 774,723 | |||||||||||||||
Georgia-Pacific LLC | 2.539%, $630,000 par, due 11/15/2019 | (1) | 625,229 | |||||||||||||||
Gilead Sciences Inc. | 2.550%, $1,615,000 par, due 9/1/2020 | (1) | 1,601,938 | |||||||||||||||
Ginnie Mae II Pool | 4.475%, $163,931 par, due 1/20/2067 | (1) | 165,721 | |||||||||||||||
Ginnie Mae II Pool | 4.474%, $352,470 par, due 12/20/2066 | (1) | 356,319 | |||||||||||||||
Ginnie Mae II pool | 2.889%, $4,100,197 par, due 5/20/2058 | (1) | 4,148,038 | |||||||||||||||
Ginnie Mae II pool | 5.470%, $11,030 par, due 8/20/2059 | (1) | 11,789 | |||||||||||||||
Ginnie Mae II pool | 4.797%, $6,265 par, due 6/20/2061 | (1) | 6,357 | |||||||||||||||
Ginnie Mae II pool | 5.850%, $37,928 par, due 10/20/2058 | (1) | 38,136 | |||||||||||||||
Ginnie Mae II pool | 5.850%, $3,189 par, due 12/20/2058 | (1) | 3,523 | |||||||||||||||
Ginnie Mae II pool | 5.460%, $8,779 par, due 7/20/2059 | (1) | 8,765 | |||||||||||||||
Ginnie Mae II pool | 3.625%, $595,462 par, due 4/20/2042 | (1) | 610,482 | |||||||||||||||
Ginnie Mae II pool | 2.000%, $520,599 par, due 10/20/2045 | (1) | 523,349 | |||||||||||||||
Ginnie Mae II pool | 2.000%, $100,429 par, due 12/20/2045 | (1) | 102,234 | |||||||||||||||
GlaxoSmithKline Capital PLC | 2.850%, $740,000 par, due 5/8/2022 | (1) | 731,027 | |||||||||||||||
GlaxoSmithKline Capital PLC | 3.125%, $1,240,000 par, due 5/14/2021 | (1) | 1,241,562 | |||||||||||||||
GM Fin Consumer Auto Recv Tr 2017-2 | 1.610%, $633,345 par, due 5/18/2020 | (1) | 632,000 | |||||||||||||||
GM Fin Consumer Auto Recv Tr 2017-2 | 1.860%, $1,726,000 par, due 12/16/2021 | (1) | 1,706,601 | |||||||||||||||
GM Fin Consumer Auto Recv Tr 2017-3A | 1.970%, $1,610,000 par, due 5/16/2022 | (1) | 1,589,952 | |||||||||||||||
GM Fin Consumer Auto Recv Tr 2018-1 | 2.080%, $807,926 par, due 1/19/2021 | (1) | 804,765 | |||||||||||||||
GM Fin Consumer Auto Recv Tr 2018-1 | 2.320%, $2,300,000 par, due 7/18/2022 | (1) | 2,276,310 | |||||||||||||||
GM Fin Consumer Auto Recv Tr 2018-2 | 2.810%, $2,728,000 par, due 12/16/2022 | (1) | 2,717,361 | |||||||||||||||
GM Financial Automobile Leasing Trust 2018-1 | 2.610%, $2,658,000 par, due 1/20/2021 | (1) | 2,645,281 | |||||||||||||||
GM Financial Automobile Leasing Trust 2018-2 | 3.060%, $538,000 par, due 6/21/2021 | (1) | 537,192 | |||||||||||||||
GNMA | 2.964%, $3,674,664 par, due 10/20/2065 | (1) | 3,697,899 | |||||||||||||||
GNMA | 3.314%, $3,571,797 par, due 12/20/2066 | (1) | 3,650,052 | |||||||||||||||
Goldman Sachs Group Inc./The | 5.750%, $945,000 par, due 1/24/2022 | (1) | 989,447 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.000%, $855,000 par, due 4/25/2019 | (1) | 852,018 | |||||||||||||||
Goldman Sachs Group Inc./The | 3.000%, $1,532,000 par, due 4/26/2022 | (1) | 1,483,655 | |||||||||||||||
Goldman Sachs Group Inc./The | 3.487%, $179,000 par, due 7/24/2023 | (1) | 173,932 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.875%, $511,000 par, due 2/25/2021 | (1) | 502,263 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.300%, $1,283,000 par, due 12/13/2019 | (1) | 1,269,948 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.550%, $920,000 par, due 10/23/2019 | (1) | 914,188 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.876%, $1,218,000 par, due 10/31/2022 | (1) | 1,182,933 | |||||||||||||||
GS Mortgage Securities Trust 2012-GCJ7 | 2.935%, $2,467,888 par, due 5/10/2045 | (1) | 2,461,884 | |||||||||||||||
GS Mortgage Securities Trust 2012-GCJ9 | 2.773%, $3,592,329 par, due 11/10/2045 | (1) | 3,543,082 | |||||||||||||||
GS Mortgage Securities Trust 2012-GCJ9 | 2.368%, $2,561,176 par, due 11/10/2045 | (1) | 2,532,404 | |||||||||||||||
GSMS 2012-GCJ7 A4 9.2-Yr CMBS | 3.377%, $996,372 par, due 5/10/2045 | (1) | 1,000,575 | |||||||||||||||
Guardian Life Global Funding | 2.000%, $617,000 par, due 4/26/2021 | (1) | 601,270 | |||||||||||||||
Guardian Life Global Funding | 3.400%, $260,000 par, due 4/25/2023 | (1) | 259,024 | |||||||||||||||
Hewlett Packard Enterprise Co | 2.100%, $335,000 par, due 10/4/2019 | (1) | 331,225 | |||||||||||||||
Hewlett Packard Enterprise Co | 3.059%, $490,000 par, due 10/5/2021 | (1) | 485,736 | |||||||||||||||
Hewlett Packard Enterprise Co | 3.500%, $740,000 par, due 10/5/2021 | (1) | 742,038 | |||||||||||||||
Home Depot Inc./The | 3.250%, $1,000,000 par, due 3/1/2022 | (1) | 1,010,380 | |||||||||||||||
Honda Auto Receivables 2018-2 Owner Trust | 3.010%, $2,750,000 par, due 5/18/2022 | (1) | 2,752,734 | |||||||||||||||
Honda Auto Recv Tr | 1.160%, $1,323,712 par, due 5/18/2020 | (1) | 1,316,077 | |||||||||||||||
Honda Auto Recv Tr | 1.230%, $8,425 par, due 9/23/2019 | (1) | 8,421 | |||||||||||||||
Honda Auto Recv Tr | 1.390%, $318,420 par, due 4/15/2020 | (1) | 317,160 | |||||||||||||||
Honda Auto Recv Tr 2017-3 | 1.790%, $1,840,000 par, due 9/20/2021 | (1) | 1,817,467 | |||||||||||||||
Honeywell International Inc. | 1.850%, $1,435,000 par, due 11/1/2021 | (1) | 1,386,826 | |||||||||||||||
HSBC Bank PLC | 4.750%, $652,000 par, due 1/19/2021 | (1) | 668,807 | |||||||||||||||
HSBC Holdings PLC | 2.950%, $700,000 par, due 5/25/2021 | (1) | 690,980 | |||||||||||||||
HSBC Holdings PLC | 3.262%, $587,000 par, due 3/13/2023 | (1) | 574,472 | |||||||||||||||
HSBC Holdings PLC | 3.240%, $200,000 par, due 5/18/2021 | (1) | 197,032 | |||||||||||||||
HSBC Holdings PLC | 3.640%, $770,000 par, due 5/18/2024 | (1) | 749,854 | |||||||||||||||
HSBC Holdings PLC | 3.426%, $1,610,000 par, due 9/11/2021 | (1) | 1,588,713 | |||||||||||||||
Hyundai Auto Lease Securitization Trust 2018-B | 3.040%, $1,369,000 par, due 10/15/2021 | (1) | 1,369,185 | |||||||||||||||
Hyundai Auto Receivables Trust 2015-C | 1.460%, $14,246 par, due 2/18/2020 | (1) | 14,236 | |||||||||||||||
Hyundai Auto Receivables Trust 2018-A | 2.790%, $1,044,000 par, due 7/15/2022 | (1) | 1,043,165 | |||||||||||||||
IBM Credit LLC | 1.800%, $1,115,000 par, due 1/20/2021 | (1) | 1,083,739 | |||||||||||||||
IBM Credit LLC | 3.600%, $1,450,000 par, due 11/30/2021 | (1) | 1,463,120 | |||||||||||||||
International Business Machines Corp | 1.625%, $500,000 par, due 5/15/2020 | (1) | 490,124 | |||||||||||||||
International Business Machines Corp | 1.900%, $1,160,000 par, due 1/27/2020 | (1) | 1,146,795 | |||||||||||||||
Jackson National Life Global Funding | 3.300%, $720,000 par, due 6/11/2021 | (1) | 719,629 | |||||||||||||||
John Deere Capital Corp | 2.375%, $1,072,000 par, due 7/14/2020 | (1) | 1,062,109 |
35(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
John Deere Capital Corp | 2.350%, $754,000 par, due 1/8/2021 | (1) | $ | 743,663 | ||||||||||||||
John Deere Capital Corp | 2.875%, $174,000 par, due 3/12/2021 | (1) | 173,533 | |||||||||||||||
John Deere Owner Trust 2016-B | 1.250%, $1,410,853 par, due 6/15/2020 | (1) | 1,404,446 | |||||||||||||||
John Deere Owner Trust 2018 | 2.660%, $2,361,000 par, due 4/18/2022 | (1) | 2,353,353 | |||||||||||||||
JPMorgan Chase & Co | 3.317%, $424,000 par, due 3/9/2021 | (1) | 421,961 | |||||||||||||||
JPMorgan Chase & Co | 3.514%, $414,000 par, due 6/18/2022 | (1) | 414,937 | |||||||||||||||
JPMorgan Chase & Co | 3.367%, $670,000 par, due 7/23/2024 | (1) | 654,604 | |||||||||||||||
JPMorgan Chase & Co | 4.500%, $283,000 par, due 1/24/2022 | (1) | 291,599 | |||||||||||||||
JPMorgan Chase & Co | 2.250%, $2,067,000 par, due 1/23/2020 | (1) | 2,046,413 | |||||||||||||||
JPMorgan Chase & Co | 2.550%, $620,000 par, due 10/29/2020 | (1) | 613,107 | |||||||||||||||
JPMorgan Chase & Co | 2.400%, $1,220,000 par, due 6/7/2021 | (1) | 1,193,288 | |||||||||||||||
JPMorgan Chase Bank NA | 1.650%, $880,000 par, due 9/23/2019 | (1) | 871,902 | |||||||||||||||
JPMorgan Chase Bank NA | 2.604%, $1,912,000 par, due 2/1/2021 | (1) | 1,896,815 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 3.144%, $200,078 par, due 5/15/2045 | (1) | 199,341 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 4.388%, $3,302,178 par, due 7/15/2046 | (1) | 3,386,697 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 3.755%, $353,000 par, due 6/15/2045 | (1) | 360,281 | |||||||||||||||
Kansas City Power & Light Co | 7.150%, $788,000 par, due 4/1/2019 | (1) | 796,076 | |||||||||||||||
Kellogg Co | 3.250%, $667,000 par, due 5/14/2021 | (1) | 660,575 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.500%, $669,000 par, due 12/15/2019 | (1) | 664,893 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.250%, $1,200,000 par, due 3/16/2020 | (1) | 1,187,250 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.350%, $520,000 par, due 3/8/2019 | (1) | 519,330 | |||||||||||||||
KeyBank NA/Cleveland OH | 1.600%, $710,000 par, due 8/22/2019 | (1) | 703,681 | |||||||||||||||
KeyBank NA/Cleveland OH | 3.350%, $310,000 par, due 6/15/2021 | (1) | 310,968 | |||||||||||||||
Kraft Heinz Foods Co | 3.375%, $535,000 par, due 6/15/2021 | (1) | 533,711 | |||||||||||||||
Kraft Heinz Foods Co | 4.000%, $300,000 par, due 6/15/2023 | (1) | 299,214 | |||||||||||||||
Kubota Credit Owner Trust 2018-1 | 3.100%, $1,000,000 par, due 8/15/2022 | (1) | 1,004,899 | |||||||||||||||
L'Anse Creuse Public Schools | 2.159%, $790,000 par, due 5/1/2020 | (1) | 783,364 | |||||||||||||||
Liberty Property LP | 3.375%, $1,102,000 par, due 6/15/2023 | (1) | 1,085,467 | |||||||||||||||
Lockheed Martin Corp | 4.250%, $76,000 par, due 11/15/2019 | (1) | 76,882 | |||||||||||||||
Lockheed Martin Corp | 2.500%, $1,130,000 par, due 11/23/2020 | (1) | 1,116,831 | |||||||||||||||
M&T Bank Corp | 3.188%, $512,000 par, due 7/26/2023 | (1) | 501,095 | |||||||||||||||
Manufacturers & Traders Trust Co | 2.100%, $595,000 par, due 2/6/2020 | (1) | 588,610 | |||||||||||||||
Manufacturers & Traders Trust Co | 3.250%, $1,870,000 par, due 5/18/2022 | (1) | 1,849,000 | |||||||||||||||
Manufacturers & Traders Trust Co | 2.625%, $520,000 par, due 1/25/2021 | (1) | 513,071 | |||||||||||||||
Marathon Petroleum Corp | 5.125%, $1,500,000 par, due 3/1/2021 | (1) | 1,543,299 | |||||||||||||||
Marsh & McLennan Cos Inc. | 2.350%, $1,400,000 par, due 9/10/2019 | (1) | 1,392,628 | |||||||||||||||
Marsh & McLennan Cos Inc. | 2.350%, $76,000 par, due 3/6/2020 | (1) | 75,326 | |||||||||||||||
MassMutual Global Funding II | 1.550%, $2,080,000 par, due 10/11/2019 | (1) | 2,054,347 | |||||||||||||||
McCormick & Co Inc./MD | 3.900%, $451,000 par, due 7/15/2021 | (1) | 455,196 | |||||||||||||||
McCormick & Co Inc./MD | 2.700%, $736,000 par, due 8/15/2022 | (1) | 713,668 | |||||||||||||||
McDonald's Corp | 2.200%, $902,000 par, due 5/26/2020 | (1) | 891,930 | |||||||||||||||
McDonald's Corp | 3.350%, $760,000 par, due 4/1/2023 | (1) | 756,157 | |||||||||||||||
Medtronic Global Holdings SCA | 1.700%, $1,030,000 par, due 3/28/2019 | (1) | 1,027,351 | |||||||||||||||
Medtronic Inc. | 2.500%, $511,000 par, due 3/15/2020 | (1) | 508,384 | |||||||||||||||
Medtronic Inc. | 3.150%, $1,500,000 par, due 3/15/2022 | (1) | 1,495,859 | |||||||||||||||
Mercedes-Benz Auto Lease Trust 2017-A | 1.530%, $64,214 par, due 8/15/2019 | (1) | 64,175 | |||||||||||||||
Mercedes-Benz Auto Lease Trust 2018-A | 2.410%, $1,835,000 par, due 2/16/2021 | (1) | 1,826,686 | |||||||||||||||
Mercedes-Benz Auto Lease Trust 2018-B | 3.210%, $2,065,000 par, due 9/15/2021 | (1) | 2,073,483 | |||||||||||||||
Mercedes-Benz Auto Receivables Trust 2018-1 | 3.030%, $660,000 par, due 1/17/2023 | (1) | 661,190 | |||||||||||||||
Metro Gov of Nashville & Davidson Co TN | 1.864%, $1,500,000 par, due 7/1/2019 | (1) | 1,493,685 | |||||||||||||||
Metropolitan Life Global Funding I | 2.400%, $2,126,000 par, due 1/8/2021 | (1) | 2,093,625 | |||||||||||||||
Metropolitan Life Global Funding I | 3.450%, $700,000 par, due 10/9/2021 | (1) | 702,928 | |||||||||||||||
Microchip Technology Inc. | 3.922%, $815,000 par, due 6/1/2021 | (1) | 808,470 | |||||||||||||||
MidAmerican Energy Co | 2.400%, $1,000,000 par, due 3/15/2019 | (1) | 998,919 | |||||||||||||||
Middletown City School District/OH | 1.781%, $1,365,000 par, due 12/1/2019 | (1) | 1,349,070 | |||||||||||||||
Mill City Mortgage Loan Trust 2017-1 | 2.750%, $598,345 par, due 11/25/2058 | (1) | 588,238 | |||||||||||||||
Minnetonka Independent School District No 276 | 2.500%, $80,000 par, due 2/1/2019 | (1) | 79,980 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 3.535%, $1,261,000 par, due 7/26/2021 | (1) | 1,265,739 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 3.368%, $300,000 par, due 7/26/2023 | (1) | 296,607 | |||||||||||||||
MMAF Equipment Finance LLC 2016-A | 1.760%, $1,800,000 par, due 1/17/2023 | (1) | 1,765,642 | |||||||||||||||
MMAF Equipment Finance LLC 2017-A | 2.040%, $4,000,000 par, due 2/16/2022 | (1) | 3,962,456 | |||||||||||||||
MMAF Equipment Finance LLC 2018-A | 3.200%, $2,430,000 par, due 9/12/2022 | (1) | 2,441,270 | |||||||||||||||
MO State Higher Ed Std Asst | 3.470%, $950,519 par, due 5/20/2030 | (1) | 958,201 | |||||||||||||||
Mondelez International Holdings Netherlands BV | 1.625%, $2,015,000 par, due 10/28/2019 | (1) | 1,986,941 | |||||||||||||||
Monmouth County Improvement Authority | 2.150%, $1,000,000 par, due 12/15/2019 | (1) | 991,050 | |||||||||||||||
Monmouth County Improvement Authority | 2.500%, $380,000 par, due 11/14/2019 | (1) | 378,218 | |||||||||||||||
Morgan Stanley | 3.399%, $1,246,000 par, due 7/22/2022 | (1) | 1,228,511 | |||||||||||||||
Morgan Stanley | 2.500%, $560,000 par, due 1/24/2019 | (1) | 559,772 | |||||||||||||||
Morgan Stanley | 2.450%, $600,000 par, due 2/1/2019 | (1) | 599,706 | |||||||||||||||
Morgan Stanley | 2.500%, $92,000 par, due 4/21/2021 | (1) | 90,049 | |||||||||||||||
Morgan Stanley | 2.625%, $1,501,000 par, due 11/17/2021 | (1) | 1,465,017 | |||||||||||||||
Morgan Stanley | 3.649%, $1,155,000 par, due 1/20/2022 | (1) | 1,151,212 | |||||||||||||||
Morgan Stanley | 5.500%, $516,000 par, due 1/26/2020 | (1) | 527,723 | |||||||||||||||
Morgan Stanley | 2.650%, $920,000 par, due 1/27/2020 | (1) | 913,094 |
36(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Morgan Stanley BAML Trust | 3.824%, $290,726 par, due 10/15/2046 | (1) | $ | 295,669 | ||||||||||||||
Morgan Stanley BAML Trust | 1.706%, $97,658 par, due 5/15/2048 | (1) | 96,494 | |||||||||||||||
Morgan Stanley Barclays Bank Trust | 2.200%, $1,400,000 par, due 9/13/2031 | (1) | 1,370,313 | |||||||||||||||
MPLX LP | 3.375%, $450,000 par, due 3/15/2023 | (1) | 436,787 | |||||||||||||||
National Australia Bank Ltd | 2.000%, $299,000 par, due 2/22/2019 | (1) | 298,640 | |||||||||||||||
National Australia Bank Ltd/New York | 3.700%, $1,100,000 par, due 11/4/2021 | (1) | 1,110,402 | |||||||||||||||
Navient Student Loan Trust 2015-2 | 2.926%, $1,441,029 par, due 8/27/2029 | (1) | 1,441,029 | |||||||||||||||
Navient Student Loan Trust 2016-3 | 3.356%, $143,510 par, due 6/25/2065 | (1) | 144,143 | |||||||||||||||
Navient Student Loan Trust 2016-6 | 3.256%, $2,130,000 par, due 3/25/2066 | (1) | 2,141,387 | |||||||||||||||
NC State Edu Asst Auth | 3.006%, $109,306 par, due 12/26/2039 | (1) | 109,037 | |||||||||||||||
Nelnet Student Loan Trust 2010-2 | 3.672%, $402,046 par, due 9/25/2048 | (1) | 407,227 | |||||||||||||||
Nevada Power Co | 2.750%, $1,040,000 par, due 4/15/2020 | (1) | 1,037,646 | |||||||||||||||
New Hamp Higher Ed Ln Co | 3.006%, $486,561 par, due 10/25/2028 | (1) | 486,877 | |||||||||||||||
New York Life Global Funding | 1.950%, $362,000 par, due 2/11/2020 | (1) | 357,898 | |||||||||||||||
New York Life Global Funding | 1.500%, $980,000 par, due 10/24/2019 | (1) | 968,810 | |||||||||||||||
New York Life Global Funding | 2.000%, $1,619,000 par, due 4/9/2020 | (1) | 1,600,467 | |||||||||||||||
New York Life Global Funding | 3.287%, $738,000 par, due 6/10/2022 | (1) | 727,937 | |||||||||||||||
New York Life Global Funding | 2.300%, $360,000 par, due 6/10/2022 | (1) | 347,008 | |||||||||||||||
New York Life Global Funding | 3.250%, $340,000 par, due 8/6/2021 | (1) | 340,435 | |||||||||||||||
Nissan Auto Lease Trust 2017-A | 1.640%, $801,368 par, due 9/16/2019 | (1) | 800,317 | |||||||||||||||
Nissan Auto Lease Trust 2017-B | 1.830%, $1,388,823 par, due 12/16/2019 | (1) | 1,383,952 | |||||||||||||||
Nissan Auto Receivables 2018-A Owner Trust | 2.650%, $2,100,000 par, due 5/16/2022 | (1) | 2,090,004 | |||||||||||||||
Nissan Auto Receivables 2018-B Owner Trust | 3.060%, $595,000 par, due 3/15/2023 | (1) | 597,297 | |||||||||||||||
Nissan Auto Recv Owner Tr | 1.320%, $1,892,042 par, due 1/15/2021 | (1) | 1,876,917 | |||||||||||||||
Nissan Auto Recv Owner Tr | 1.340%, $17,413 par, due 3/16/2020 | (1) | 17,391 | |||||||||||||||
North Carolina State Education Assistance Auth | 3.306%, $4,114,811 par, due 7/25/2039 | (1) | 4,125,509 | |||||||||||||||
North TX Highed Ed Auth | 3.349%, $2,404,264 par, due 12/1/2034 | (1) | 2,417,223 | |||||||||||||||
Northern States Power Co/MN | 2.600%, $277,000 par, due 5/15/2023 | (1) | 268,685 | |||||||||||||||
Northrop Grumman Corp | 2.080%, $843,000 par, due 10/15/2020 | (1) | 826,729 | |||||||||||||||
Northstar Edu Fin Inc. | 3.206%, $2,413,879 par, due 12/26/2031 | (1) | 2,412,641 | |||||||||||||||
Novartis Capital Corp | 2.400%, $1,280,000 par, due 9/21/2022 | (1) | 1,250,303 | |||||||||||||||
NYC Transit Fin Auth Future Tax Rev | 2.400%, $2,890,000 par, due 2/1/2022 | (1) | 2,844,454 | |||||||||||||||
Oracle Corp | 2.500%, $342,000 par, due 5/15/2022 | (1) | 334,658 | |||||||||||||||
Oracle Corp | 2.625%, $1,646,000 par, due 2/15/2023 | (1) | 1,605,360 | |||||||||||||||
Orange SA | 1.625%, $1,430,000 par, due 11/3/2019 | (1) | 1,412,111 | |||||||||||||||
Overseas Private Investment Corp | 0.000%, $1,663,000 par, due 5/17/2019 | (1) | 1,687,092 | |||||||||||||||
Overseas Private Investment Corp | 3.370%, $314,981 par, due 5/15/2021 | (1) | 316,612 | |||||||||||||||
Overseas Private Investment Corp | 0.000%, $1,878,000 par, due 5/17/2019 | (1) | 1,910,895 | |||||||||||||||
PACCAR Financial Corp | 2.250%, $926,000 par, due 2/25/2021 | (1) | 912,967 | |||||||||||||||
PACCAR Financial Corp | 2.800%, $378,000 par, due 3/1/2021 | (1) | 374,577 | |||||||||||||||
PACCAR Financial Corp | 3.150%, $725,000 par, due 8/9/2021 | (1) | 726,594 | |||||||||||||||
PacifiCorp | 2.950%, $340,000 par, due 6/1/2023 | (1) | 336,672 | |||||||||||||||
Packaging Corp of America | 4.500%, $337,000 par, due 11/1/2023 | (1) | 345,448 | |||||||||||||||
Packaging Corp of America | 2.450%, $862,000 par, due 12/15/2020 | (1) | 846,360 | |||||||||||||||
Panhandle Higher Ed Auth | 3.526%, $43,461 par, due 10/1/2035 | (1) | 43,719 | |||||||||||||||
Petroleos Mexicanos | 1.950%, $2,800,000 par, due 12/20/2022 | (1) | 2,748,449 | |||||||||||||||
Petroleos Mexicanos | 3.046%, $2,375,625 par, due 2/15/2024 | (1) | 2,371,453 | |||||||||||||||
Petroleos Mexicanos | 2.786%, $643,500 par, due 4/15/2025 | (1) | 645,675 | |||||||||||||||
PHEAA Student Loan Trust 2013-1 | 3.006%, $1,278,737 par, due 11/25/2036 | (1) | 1,271,774 | |||||||||||||||
PHEAA Student Loan Trust 2016-1 | 3.656%, $1,552,653 par, due 9/25/2065 | (1) | 1,571,079 | |||||||||||||||
Phillips 66 | 3.289%, $405,000 par, due 2/26/2021 | (1) | 400,471 | |||||||||||||||
PNC Bank NA | 2.450%, $590,000 par, due 11/5/2020 | (1) | 582,768 | |||||||||||||||
PNC Bank NA | 2.000%, $1,966,000 par, due 5/19/2020 | (1) | 1,935,409 | |||||||||||||||
PNC Bank NA | 3.009%, $440,000 par, due 7/27/2022 | (1) | 435,594 | |||||||||||||||
PNC Bank NA | 2.500%, $1,401,000 par, due 1/22/2021 | (1) | 1,382,426 | |||||||||||||||
Pomona Redevelopment Agency Successor Agency | 3.406%, $425,000 par, due 2/1/2021 | (1) | 428,668 | |||||||||||||||
PPL Electric Utilities Corp | 3.000%, $1,500,000 par, due 9/15/2021 | (1) | 1,502,712 | |||||||||||||||
Premier Air Leasing EXIN | 3.576%, $216,596 par, due 2/6/2022 | (1) | 219,197 | |||||||||||||||
Providence Health & Services Obligated Group | 4.379%, $1,000,000 par, due 10/1/2023 | (1) | 1,047,101 | |||||||||||||||
PSNH Funding LLC 3 | 3.094%, $1,690,000 par, due 2/1/2026 | (1) | 1,699,837 | |||||||||||||||
Public Service Electric & Gas Co | 3.250%, $1,970,000 par, due 9/1/2023 | (1) | 1,979,694 | |||||||||||||||
Realty Income Corp | 3.250%, $220,000 par, due 10/15/2022 | (1) | 217,856 | |||||||||||||||
Regions Bank/Birmingham AL | 2.750%, $1,128,000 par, due 4/1/2021 | (1) | 1,109,402 | |||||||||||||||
Regions Bank/Birmingham AL | 3.374%, $520,000 par, due 8/13/2021 | (1) | 517,869 | |||||||||||||||
Reliance Industries Ltd | 1.870%, $286,579 par, due 1/15/2026 | (1) | 277,423 | |||||||||||||||
Rockwell Collins Inc. | 5.250%, $136,000 par, due 7/15/2019 | (1) | 137,459 | |||||||||||||||
Rockwell Collins Inc. | 1.950%, $629,000 par, due 7/15/2019 | (1) | 624,369 | |||||||||||||||
Rolls-Royce PLC | 2.375%, $1,841,000 par, due 10/14/2020 | (1) | 1,811,089 | |||||||||||||||
Royal Bank of Canada | 2.100%, $1,871,000 par, due 10/14/2020 | (1) | 1,845,057 | |||||||||||||||
Royal Bank of Canada | 2.300%, $1,479,000 par, due 3/22/2021 | (1) | 1,458,615 | |||||||||||||||
Royal Bank of Canada | 3.350%, $2,240,000 par, due 10/22/2021 | (1) | 2,263,365 | |||||||||||||||
Royal Bank of Canada | 3.271%, $1,031,000 par, due 2/1/2022 | (1) | 1,023,072 | |||||||||||||||
Royal Bank of Canada | 3.068%, $1,300,000 par, due 10/5/2023 | (1) | 1,279,451 | |||||||||||||||
Ryder System Inc. | 3.500%, $569,000 par, due 6/1/2021 | (1) | 569,734 |
37(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Salvation Army/United States | 3.140%, $255,000 par, due 9/1/2021 | (1) | $ | 256,223 | ||||||||||||||
Salvation Army/United States | 3.396%, $230,000 par, due 9/1/2023 | (1) | 232,496 | |||||||||||||||
San Diego Gas & Electric Co | 1.914%, $368,003 par, due 2/1/2022 | (1) | 361,095 | |||||||||||||||
San Jose Redevelopment Agency Successor Agency | 2.259%, $1,840,000 par, due 8/1/2020 | (1) | 1,823,569 | |||||||||||||||
San Jose Redevelopment Agency Successor Agency | 2.480%, $775,000 par, due 8/1/2021 | (1) | 768,924 | |||||||||||||||
Santa Ana Community Redevelopment Agency | 3.467%, $780,000 par, due 9/1/2022 | (1) | 796,388 | |||||||||||||||
Sayarra Ltd | 2.575%, $235,399 par, due 4/14/2022 | (1) | 234,525 | |||||||||||||||
SBA Small Business Investment Cos | 3.644%, $435,477 par, due 9/10/2023 | (1) | 445,963 | |||||||||||||||
SBA Small Business Investment Cos | 2.829%, $3,602,113 par, due 9/10/2025 | (1) | 3,606,353 | |||||||||||||||
SC State Std Ln Corp | 3.006%, $834,990 par, due 1/25/2041 | (1) | 830,197 | |||||||||||||||
SC State Std Ln Corp | 3.099%, $1,144,981 par, due 5/1/2030 | (1) | 1,147,891 | |||||||||||||||
Schlumberger Finance Canada Ltd | 2.200%, $375,000 par, due 11/20/2020 | (1) | 366,462 | |||||||||||||||
Schlumberger Investment SA | 3.300%, $558,000 par, due 9/14/2021 | (1) | 559,350 | |||||||||||||||
Sempra Energy | 2.400%, $659,000 par, due 2/1/2020 | (1) | 650,138 | |||||||||||||||
Shell International Finance BV | 2.125%, $1,450,000 par, due 5/11/2020 | (1) | 1,436,448 | |||||||||||||||
Shell International Finance BV | 3.018%, $1,080,000 par, due 11/13/2023 | (1) | 1,058,438 | |||||||||||||||
Sherwin-Williams Co/The | 2.250%, $511,000 par, due 5/15/2020 | (1) | 503,177 | |||||||||||||||
Sherwin-Williams Co/The | 2.750%, $950,000 par, due 6/1/2022 | (1) | 919,610 | |||||||||||||||
Siemens Financieringsmaatschappij NV | 3.398%, $3,610,000 par, due 3/16/2022 | (1) | 3,610,599 | |||||||||||||||
Simon Property Group LP | 3.375%, $600,000 par, due 3/15/2022 | (1) | 600,844 | |||||||||||||||
Simon Property Group LP | 2.500%, $584,000 par, due 9/1/2020 | (1) | 577,686 | |||||||||||||||
Simon Property Group LP | 2.500%, $83,000 par, due 7/15/2021 | (1) | 81,689 | |||||||||||||||
Simon Property Group LP | 2.350%, $950,000 par, due 1/30/2022 | (1) | 922,618 | |||||||||||||||
Simon Property Group LP | 2.750%, $1,100,000 par, due 6/1/2023 | (1) | 1,065,947 | |||||||||||||||
SLCC Student Loan Trust I | 3.726%, $99,713 par, due 10/25/2027 | (1) | 100,297 | |||||||||||||||
SLM Student Loan Trust 2005-4 | 2.610%, $505,176 par, due 1/25/2027 | (1) | 502,702 | |||||||||||||||
SLM Student Loan Trust 2005-8 | 3.040%, $675,377 par, due 1/25/2028 | (1) | 676,035 | |||||||||||||||
SLM Student Loan Trust 2006-1 | 2.600%, $1,011,252 par, due 7/26/2021 | (1) | 997,685 | |||||||||||||||
SLM Student Loan Trust 2008-9 | 3.990%, $122,328 par, due 4/25/2023 | (1) | 122,967 | |||||||||||||||
Southern California Edison Co | 1.845%, $600,000 par, due 2/1/2022 | (1) | 583,566 | |||||||||||||||
Stanley Black & Decker Inc. | 3.400%, $352,000 par, due 12/1/2021 | (1) | 353,554 | |||||||||||||||
State of Arkansas | 2.335%, $535,000 par, due 7/1/2020 | (1) | 532,587 | |||||||||||||||
State of California | 2.193%, $1,680,000 par, due 4/1/2047 | (1) | 1,667,954 | |||||||||||||||
State of Hawaii | 2.375%, $480,000 par, due 1/1/2020 | (1) | 478,402 | |||||||||||||||
State of Hawaii | 2.750%, $1,500,000 par, due 1/1/2021 | (1) | 1,505,685 | |||||||||||||||
State of Maryland | 4.200%, $1,030,000 par, due 3/1/2021 | (1) | 1,059,211 | |||||||||||||||
State of Mississippi | 2.779%, $1,795,000 par, due 11/1/2028 | (1) | 1,799,057 | |||||||||||||||
State of Oregon | 5.762%, $3,696,924 par, due 6/1/2023 | (1) | 3,958,444 | |||||||||||||||
State of Oregon | 2.132%, $400,000 par, due 5/1/2021 | (1) | 395,484 | |||||||||||||||
State of Texas | 1.062%, $135,000 par, due 8/1/2019 | (1) | 133,805 | |||||||||||||||
State of Texas | 2.749%, $65,000 par, due 6/1/2019 | (1) | 65,014 | |||||||||||||||
State of Utah | 4.554%, $1,250,000 par, due 7/1/2024 | (1) | 1,317,313 | |||||||||||||||
State of Wisconsin | 1.616%, $435,000 par, due 5/1/2021 | (1) | 422,750 | |||||||||||||||
State Street Corp | 1.950%, $2,152,000 par, due 5/19/2021 | (1) | 2,091,580 | |||||||||||||||
State Street Corp | 2.653%, $1,080,000 par, due 5/15/2023 | (1) | 1,051,949 | |||||||||||||||
Student Loan Corp | 3.206%, $2,229,596 par, due 7/25/2036 | (1) | 2,235,999 | |||||||||||||||
Student Loan Corp | 3.290%, $887,345 par, due 4/25/2037 | (1) | 888,153 | |||||||||||||||
Sumitomo Mitsui Financial Group Inc. | 3.236%, $1,310,000 par, due 10/16/2023 | (1) | 1,299,263 | |||||||||||||||
SunTrust Bank/Atlanta GA | 2.250%, $662,000 par, due 1/31/2020 | (1) | 654,145 | |||||||||||||||
SunTrust Bank/Atlanta GA | 2.590%, $330,000 par, due 1/29/2021 | (1) | 326,787 | |||||||||||||||
SunTrust Bank/Atlanta GA | 3.502%, $550,000 par, due 8/2/2022 | (1) | 548,354 | |||||||||||||||
SunTrust Bank/Atlanta GA | 3.525%, $490,000 par, due 10/26/2021 | (1) | 490,586 | |||||||||||||||
Tagua Leasing LLC | 1.732%, $278,244 par, due 9/18/2024 | (1) | 269,966 | |||||||||||||||
Texas A&M University | 1.678%, $160,000 par, due 5/15/2020 | (1) | 157,456 | |||||||||||||||
Texas A&M University | 2.314%, $505,000 par, due 5/15/2021 | (1) | 499,607 | |||||||||||||||
Texas Tech University | 1.925%, $1,150,000 par, due 2/15/2020 | (1) | 1,139,133 | |||||||||||||||
Toronto-Dominion Bank/The | 2.250%, $1,079,000 par, due 3/15/2021 | (1) | 1,064,394 | |||||||||||||||
Toronto-Dominion Bank/The | 2.250%, $7,072,000 par, due 9/25/2019 | (1) | 7,042,991 | |||||||||||||||
Toronto-Dominion Bank/The | 3.350%, $740,000 par, due 10/22/2021 | (1) | 747,791 | |||||||||||||||
Total Capital SA | 4.450%, $810,000 par, due 6/24/2020 | (1) | 826,628 | |||||||||||||||
Towd Point Mortgage Trust 2015-4 | 3.500%, $90,511 par, due 4/25/2055 | (1) | 90,174 | |||||||||||||||
Towd Point Mortgage Trust 2015-5 | 2.750%, $47,832 par, due 5/25/2055 | (1) | 47,109 | |||||||||||||||
Towd Point Mortgage Trust 2015-6 | 3.500%, $125,723 par, due 4/25/2055 | (1) | 125,363 | |||||||||||||||
Towd Point Mortgage Trust 2016-1 | 2.750%, $1,140,438 par, due 2/25/2055 | (1) | 1,124,726 | |||||||||||||||
Towd Point Mortgage Trust 2016-2 | 2.750%, $1,551,775 par, due 8/25/2055 | (1) | 1,520,703 | |||||||||||||||
Towd Point Mortgage Trust 2016-3 | 2.250%, $901,718 par, due 4/25/2056 | (1) | 881,017 | |||||||||||||||
Towd Point Mortgage Trust 2017-1 | 2.750%, $1,582,707 par, due 10/25/2056 | (1) | 1,548,210 | |||||||||||||||
Towd Point Mortgage Trust 2017-2 | 2.750%, $723,078 par, due 4/25/2057 | (1) | 707,142 | |||||||||||||||
Towd Point Mortgage Trust 2017-5 | 2.915%, $707,347 par, due 2/25/2057 | (1) | 703,485 | |||||||||||||||
Towd Point Mortgage Trust 2017-6 | 2.750%, $1,055,172 par, due 10/25/2057 | (1) | 1,030,629 | |||||||||||||||
Towd Point Mortgage Trust 2018-1 | 3.000%, $579,212 par, due 1/25/2058 | (1) | 568,632 | |||||||||||||||
Towd Point Mortgage Trust 2018-2 | 3.250%, $4,034,183 par, due 3/25/2058 | (1) | 3,974,578 | |||||||||||||||
Towd Point Mortgage Trust 2018-3 | 3.750%, $2,218,255 par, due 5/25/2058 | (1) | 2,216,862 | |||||||||||||||
Toyota Auto Receivables 2017-D Owner Trust | 1.740%, $1,318,963 par, due 8/17/2020 | (1) | 1,313,876 |
38(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Toyota Auto Receivables 2017-D Owner Trust | 1.930%, $1,087,000 par, due 1/18/2022 | (1) | $ | 1,071,855 | ||||||||||||||
Toyota Auto Receivables 2018-B Owner Trust | 2.960%, $2,809,000 par, due 9/15/2022 | (1) | 2,809,680 | |||||||||||||||
Toyota Auto Recv Owner Tr | 1.140%, $1,530,933 par, due 8/17/2020 | (1) | 1,520,885 | |||||||||||||||
Toyota Motor Corp | 3.183%, $1,740,000 par, due 7/20/2021 | (1) | 1,740,776 | |||||||||||||||
Toyota Motor Credit Corp | 2.950%, $1,360,000 par, due 4/13/2021 | (1) | 1,360,204 | |||||||||||||||
Tricahue Leasing LLC | 3.744%, $211,479 par, due 2/26/2022 | (1) | 214,780 | |||||||||||||||
Trustees of Boston College | 2.066%, $533,000 par, due 7/1/2020 | (1) | 524,969 | |||||||||||||||
Tyco Electronics Group SA | 3.500%, $663,000 par, due 2/3/2022 | (1) | 663,603 | |||||||||||||||
Tyco Electronics Group SA | 2.350%, $1,500,000 par, due 8/1/2019 | (1) | 1,491,254 | |||||||||||||||
UBS AG/London | 2.450%, $515,000 par, due 12/1/2020 | (1) | 505,376 | |||||||||||||||
UBS Commercial Mortgage Trust 2012-C1 | 3.002%, $200,971 par, due 5/10/2045 | (1) | 200,604 | |||||||||||||||
UBS Group Funding Switzerland AG | 3.873%, $2,325,000 par, due 5/23/2023 | (1) | 2,301,892 | |||||||||||||||
UBS Group Funding Switzerland AG | 3.566%, $555,000 par, due 8/15/2023 | (1) | 543,286 | |||||||||||||||
UBS-Barclays Commercial Mortgage Trust 2012-C3 | 3.091%, $4,015,000 par, due 8/10/2049 | (1) | 4,006,123 | |||||||||||||||
UDR Inc. | 3.700%, $136,000 par, due 10/1/2020 | (1) | 136,577 | |||||||||||||||
Unilever Capital Corp | 1.800%, $1,510,000 par, due 5/5/2020 | (1) | 1,487,528 | |||||||||||||||
Unilever Capital Corp | 3.000%, $430,000 par, due 3/7/2022 | (1) | 426,833 | |||||||||||||||
Union 11 Leasing LLC | 2.405%, $532,906 par, due 1/23/2024 | (1) | 528,168 | |||||||||||||||
Union Electric Co | 6.700%, $1,500,000 par, due 2/1/2019 | (1) | 1,503,788 | |||||||||||||||
Union Pacific Corp | 4.000%, $196,000 par, due 2/1/2021 | (1) | 199,188 | |||||||||||||||
Union Pacific Corp | 4.163%, $900,000 par, due 7/15/2022 | (1) | 921,551 | |||||||||||||||
Union Pacific Corp | 3.200%, $1,298,000 par, due 6/8/2021 | (1) | 1,303,911 | |||||||||||||||
United States Small Business Administration | 4.760%, $1,382,745 par, due 9/1/2025 | (1) | 1,425,888 | |||||||||||||||
United States Small Business Administration | 5.290%, $907,141 par, due 12/1/2027 | (1) | 942,921 | |||||||||||||||
United States Small Business Administration | 5.630%, $1,372,829 par, due 10/1/2028 | (1) | 1,471,699 | |||||||||||||||
United States Small Business Administration | 6.770%, $379,985 par, due 11/1/2028 | (1) | 414,011 | |||||||||||||||
United States Small Business Administration | 1.880%, $130,198 par, due 3/1/2025 | (1) | 128,029 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.625%, $1,414,000 par, due 4/15/2023 | (1) | 1,415,661 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.125%, $40,394,000 par, due 4/15/2022 | (1) | 40,632,729 | |||||||||||||||
United States Treasury Note/Bond | 2.750%, $14,850,000 par, due 9/15/2021 | (1) | 14,953,252 | |||||||||||||||
United States Treasury Note/Bond | 2.875%, $11,675,000 par, due 11/15/2021 | (1) | 11,804,978 | |||||||||||||||
United States Treasury Note/Bond | 2.625%, $16,000,000 par, due 12/15/2021 | (1) | 16,071,872 | |||||||||||||||
United States Treasury Note/Bond | 2.000%, $9,650,000 par, due 11/30/2022 | (1) | 9,474,341 | |||||||||||||||
United States Treasury Note/Bond | 2.125%, $4,750,000 par, due 12/31/2022 | (1) | 4,683,016 | |||||||||||||||
United States Treasury Note/Bond | 1.125%, $4,000,000 par, due 2/28/2021 | (1) | 3,884,532 | |||||||||||||||
United States Treasury Note/Bond | 1.750%, $6,175,000 par, due 11/30/2021 | (1) | 6,050,537 | |||||||||||||||
United States Treasury Note/Bond | 2.000%, $12,825,000 par, due 10/31/2022 | (1) | 12,597,561 | |||||||||||||||
United States Treasury Note/Bond | 1.875%, $2,500,000 par, due 12/15/2020 | (1) | 2,470,215 | |||||||||||||||
United States Treasury Note/Bond | 2.375%, $12,375,000 par, due 3/15/2021 | (1) | 12,342,132 | |||||||||||||||
United Technologies Corp | 1.900%, $152,000 par, due 5/4/2020 | (1) | 149,163 | |||||||||||||||
United Technologies Corp | 3.350%, $801,000 par, due 8/16/2021 | (1) | 798,832 | |||||||||||||||
United Technologies Corp | 3.650%, $959,000 par, due 8/16/2023 | (1) | 955,243 | |||||||||||||||
UnitedHealth Group Inc. | 3.150%, $340,000 par, due 6/15/2021 | (1) | 340,451 | |||||||||||||||
UnitedHealth Group Inc. | 3.500%, $1,170,000 par, due 6/15/2023 | (1) | 1,180,088 | |||||||||||||||
University of California | 2.003%, $80,000 par, due 5/15/2019 | (1) | 79,815 | |||||||||||||||
US Bank NA/Cincinnati OH | 2.125%, $500,000 par, due 10/28/2019 | (1) | 496,468 | |||||||||||||||
US Bank NA/Cincinnati OH | 2.000%, $1,038,000 par, due 1/24/2020 | (1) | 1,028,307 | |||||||||||||||
US Bank NA/Cincinnati OH | 2.050%, $1,170,000 par, due 10/23/2020 | (1) | 1,149,713 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.150%, $1,110,000 par, due 4/26/2021 | (1) | 1,111,022 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.104%, $570,000 par, due 5/21/2021 | (1) | 569,221 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.050%, $930,000 par, due 7/24/2020 | (1) | 928,899 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.450%, $2,070,000 par, due 11/16/2021 | (1) | 2,085,544 | |||||||||||||||
USAA Capital Corp | 2.000%, $1,954,000 par, due 6/1/2021 | (1) | 1,899,276 | |||||||||||||||
Utah State Board of Regents | 3.256%, $783,428 par, due 12/26/2031 | (1) | 785,794 | |||||||||||||||
Ventas Realty LP | 3.100%, $1,360,000 par, due 1/15/2023 | (1) | 1,326,140 | |||||||||||||||
Verizon Communications Inc. | 4.600%, $802,000 par, due 4/1/2021 | (1) | 828,024 | |||||||||||||||
Verizon Communications Inc. | 3.000%, $730,000 par, due 11/1/2021 | (1) | 726,338 | |||||||||||||||
Verizon Communications Inc. | 1.750%, $87,000 par, due 8/15/2021 | (1) | 84,011 | |||||||||||||||
Verizon Communications Inc. | 3.788%, $1,802,000 par, due 3/16/2022 | (1) | 1,803,964 | |||||||||||||||
Verizon Owner Trust 2016-1 | 1.420%, $136,530 par, due 1/20/2021 | (1) | 135,861 | |||||||||||||||
Verizon Owner Trust 2017-1 | 2.060%, $179,000 par, due 9/20/2021 | (1) | 177,665 | |||||||||||||||
Verizon Owner Trust 2017-2 | 1.920%, $734,000 par, due 12/20/2021 | (1) | 726,487 | |||||||||||||||
Verizon Owner Trust 2018-1 | 2.820%, $2,656,000 par, due 9/20/2022 | (1) | 2,648,356 | |||||||||||||||
Verizon Owner Trust 2018-A | 3.230%, $3,705,000 par, due 4/20/2023 | (1) | 3,727,719 | |||||||||||||||
Vermont Std Asst Corp | 3.206%, $929,096 par, due 7/28/2034 | (1) | 931,428 | |||||||||||||||
Virginia College Building Authority | 3.500%, $390,000 par, due 2/1/2020 | (1) | 390,893 | |||||||||||||||
Vodafone Group PLC | 3.750%, $1,236,000 par, due 1/16/2024 | (1) | 1,218,240 | |||||||||||||||
Volkswagen Auto Loan Enhanced Trust 2018-1 | 3.020%, $1,976,000 par, due 11/21/2022 | (1) | 1,976,368 | |||||||||||||||
Volkswagen Auto Loan Enhanced Trust 2018-2 | 3.250%, $1,275,000 par, due 4/20/2023 | (1) | 1,285,562 | |||||||||||||||
Volvo Fin Equip LLC | 1.920%, $734,000 par, due 3/15/2021 | (1) | 728,946 | |||||||||||||||
Vornado Realty LP | 5.000%, $179,000 par, due 1/15/2022 | (1) | 184,717 | |||||||||||||||
WEC Energy Group Inc. | 3.375%, $944,000 par, due 6/15/2021 | (1) | 943,407 | |||||||||||||||
Westpac Banking Corp | 2.000%, $2,565,000 par, due 5/21/2019 | (1) | 2,556,271 | |||||||||||||||
WestRock RKT Co | 4.450%, $1,300,000 par, due 3/1/2019 | (1) | 1,302,116 |
39(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
WestRock RKT Co | 3.500%, $565,000 par, due 3/1/2020 | (1) | $ | 564,494 | ||||||||||||||
WFRBS Commercial Mortgage Trust 2011-C5 | 3.667%, $3,500,000 par, due 11/15/2044 | (1) | 3,536,586 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2012-C10 | 2.875%, $1,850,000 par, due 12/15/2045 | (1) | 1,821,405 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2012-C10 | 2.453%, $981,902 par, due 12/15/2045 | (1) | 969,139 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2012-C8 | 2.559%, $201,541 par, due 8/15/2045 | (1) | 200,018 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2012-C8 | 3.455%, $261,996 par, due 8/15/2045 | (1) | 264,995 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2013-C12 | 2.838%, $273,903 par, due 3/15/2048 | (1) | 271,971 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2014-LC14 | 3.205%, $1,000,000 par, due 3/15/2047 | (1) | 1,000,830 | |||||||||||||||
Wheels SPV 2 LLC | 1.590%, $232,054 par, due 5/20/2025 | (1) | 231,424 | |||||||||||||||
Wheels SPV 2 LLC | 1.880%, $730,487 par, due 4/20/2026 | (1) | 724,759 | |||||||||||||||
Wisconsin Public Service Corp | 3.350%, $770,000 par, due 11/21/2021 | (1) | 777,517 | |||||||||||||||
World Omni Auto Lease Sec Tr | 1.680%, $749,094 par, due 12/16/2019 | (1) | 747,181 | |||||||||||||||
World Omni Auto Receivables Trust 2017-A | 1.930%, $3,775,000 par, due 9/15/2022 | (1) | 3,737,628 | |||||||||||||||
World Omni Auto Receivables Trust 2017-B | 1.950%, $4,045,000 par, due 2/15/2023 | (1) | 3,969,646 | |||||||||||||||
World Omni Auto Receivables Trust 2018-A | 2.500%, $2,850,000 par, due 4/17/2023 | (1) | 2,829,531 | |||||||||||||||
World Omni Auto Receivables Trust 2018-B | 2.870%, $2,412,000 par, due 7/17/2023 | (1) | 2,406,660 | |||||||||||||||
World Omni Auto Receivables Trust 2018-C | 3.130%, $3,065,000 par, due 11/15/2023 | (1) | 3,080,837 | |||||||||||||||
World Omni Automobile Lease Sec Trust 2018-B | 3.190%, $1,920,000 par, due 12/15/2021 | (1) | 1,930,886 | |||||||||||||||
Xcel Energy Inc. | 2.400%, $730,000 par, due 3/15/2021 | (1) | 718,838 | |||||||||||||||
* | Wells Fargo Short Term Investment Fund S | 2.538%, $4,427,685 par | (1) | 4,427,685 | ||||||||||||||
936,371,226 | ||||||||||||||||||
Accrued income | 3,708,566 | |||||||||||||||||
Receivable for investment payments due | 625,471 | |||||||||||||||||
Adjustment from fair value to current value | 12,606,803 | |||||||||||||||||
Total | 953,312,066 | |||||||||||||||||
Transamerica Premier Life Ins. Co. | 2.73% | |||||||||||||||||
Pacific Life Ins. Co. | 2.83% | |||||||||||||||||
Nationwide Life Insurance Co. | 2.66% | |||||||||||||||||
State Street Bank and TrustCo. | 2.57% | |||||||||||||||||
Massachusetts Mutual Life Ins. Co. | 2.52% | |||||||||||||||||
ABB Treasury Center USA Inc. | 4.000%, $1,500,000 par, due 6/15/2021 | (1) | 1,532,195 | |||||||||||||||
Access Group Inc. 2013-1 | 3.006%, $751,960 par, due 2/25/2036 | (1) | 743,283 | |||||||||||||||
Adams & Arapahoe Joint School District 28J Aurora | 3.730%, $675,000 par, due 12/1/2020 | (1) | 685,132 | |||||||||||||||
Advocate Health & Hospitals Corp | 3.829%, $1,035,000 par, due 8/15/2028 | (1) | 1,065,592 | |||||||||||||||
AEP Texas Inc. | 2.400%, $230,000 par, due 10/1/2022 | (1) | 223,042 | |||||||||||||||
AIG Global Funding | 2.700%, $1,700,000 par, due 12/15/2021 | (1) | 1,659,737 | |||||||||||||||
Air Liquide Finance SA | 1.375%, $2,050,000 par, due 9/27/2019 | (1) | 2,025,111 | |||||||||||||||
Alexandria Real Estate Equities Inc. | 3.450%, $1,600,000 par, due 4/30/2025 | (1) | 1,540,075 | |||||||||||||||
Allergan PLC | 3.800%, $670,000 par, due 3/15/2025 | (1) | 654,070 | |||||||||||||||
Alliant Energy Finance LLC | 3.750%, $680,000 par, due 6/15/2023 | (1) | 684,195 | |||||||||||||||
Alvin Independent School District/TX | 3.780%, $500,000 par, due 2/15/2021 | (1) | 506,500 | |||||||||||||||
American Express Co | 3.400%, $1,390,000 par, due 2/27/2023 | (1) | 1,377,065 | |||||||||||||||
American Express Co | 3.700%, $990,000 par, due 8/3/2023 | (1) | 992,863 | |||||||||||||||
American Express Credit Corp | 1.700%, $630,000 par, due 10/30/2019 | (1) | 623,056 | |||||||||||||||
American Honda Finance Corp | 3.450%, $430,000 par, due 7/14/2023 | (1) | 430,123 | |||||||||||||||
American Honda Finance Corp | 1.650%, $1,128,000 par, due 7/12/2021 | (1) | 1,086,686 | |||||||||||||||
American Honda Finance Corp | 3.625%, $1,720,000 par, due 10/10/2023 | (1) | 1,732,190 | |||||||||||||||
Amphenol Corp | 3.200%, $1,263,000 par, due 4/1/2024 | (1) | 1,224,655 | |||||||||||||||
Anderson County School District No 1/SC | 5.000%, $500,000 par, due 3/1/2022 | (1) | 512,810 | |||||||||||||||
Anglo American Capital PLC | 4.875%, $290,000 par, due 5/14/2025 | (1) | 284,842 | |||||||||||||||
Anglo American Capital PLC | 3.625%, $200,000 par, due 9/11/2024 | (1) | 189,050 | |||||||||||||||
Anheuser-Busch InBev Finance Inc. | 2.650%, $816,000 par, due 2/1/2021 | (1) | 802,451 | |||||||||||||||
Anheuser-Busch InBev Worldwide Inc. | 3.650%, $1,070,000 par, due 2/1/2026 | (1) | 1,011,736 | |||||||||||||||
Anheuser-Busch InBev Worldwide Inc. | 3.750%, $500,000 par, due 1/15/2022 | (1) | 500,369 | |||||||||||||||
Apple Inc. | 3.000%, $2,400,000 par, due 2/9/2024 | (1) | 2,370,161 | |||||||||||||||
Apple Inc. | 2.850%, $870,000 par, due 5/11/2024 | (1) | 848,808 | |||||||||||||||
AT&T Inc. | 3.400%, $850,000 par, due 5/15/2025 | (1) | 800,405 | |||||||||||||||
AT&T Inc. | 3.200%, $330,000 par, due 3/1/2022 | (1) | 325,530 | |||||||||||||||
AvalonBay Communities Inc. | 2.950%, $1,800,000 par, due 9/15/2022 | (1) | 1,772,491 | |||||||||||||||
BAE Systems Holdings Inc. | 3.800%, $1,000,000 par, due 10/7/2024 | (1) | 997,965 | |||||||||||||||
BAE Systems PLC | 4.750%, $770,000 par, due 10/11/2021 | (1) | 795,007 | |||||||||||||||
Baker Hughes a GE Co LLC | 2.773%, $1,180,000 par, due 12/15/2022 | (1) | 1,132,088 | |||||||||||||||
Bank of America Corp | 3.300%, $1,600,000 par, due 1/11/2023 | (1) | 1,575,774 | |||||||||||||||
Bank of America Corp | 4.000%, $1,500,000 par, due 4/1/2024 | (1) | 1,508,315 | |||||||||||||||
Bank of America Corp | 3.950%, $535,000 par, due 4/21/2025 | (1) | 518,380 | |||||||||||||||
Bank of America Corp | 2.881%, $2,230,000 par, due 4/24/2023 | (1) | 2,168,882 | |||||||||||||||
Bank of America Corp | 4.271%, $1,340,000 par, due 7/23/2029 | (1) | 1,333,711 | |||||||||||||||
Bank of Montreal | 1.900%, $920,000 par, due 8/27/2021 | (1) | 888,571 | |||||||||||||||
Bank of Montreal | 2.500%, $960,000 par, due 1/11/2022 | (1) | 948,460 | |||||||||||||||
Bank of Montreal | 1.750%, $1,100,000 par, due 6/15/2021 | (1) | 1,070,352 | |||||||||||||||
Bank of New York Mellon Corp/The | 2.950%, $1,100,000 par, due 1/29/2023 | (1) | 1,082,688 | |||||||||||||||
Bank of New York Mellon Corp/The | 3.500%, $700,000 par, due 4/28/2023 | (1) | 702,101 | |||||||||||||||
Bank of New York Mellon Corp/The | 3.450%, $2,110,000 par, due 8/11/2023 | (1) | 2,116,893 | |||||||||||||||
Bank of Nova Scotia/The | 4.500%, $210,000 par, due 12/16/2025 | (1) | 209,101 |
40(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Bayer US Finance II LLC | 4.250%, $790,000 par, due 12/15/2025 | (1) | $ | 768,876 | ||||||||||||||
Bayer US Finance II LLC | 4.375%, $1,200,000 par, due 12/15/2028 | (1) | 1,145,702 | |||||||||||||||
Bayer US Finance LLC | 2.375%, $830,000 par, due 10/8/2019 | (1) | 823,366 | |||||||||||||||
BB&T Corp | 2.450%, $1,300,000 par, due 1/15/2020 | (1) | 1,290,927 | |||||||||||||||
BB&T Corp | 2.625%, $1,150,000 par, due 6/29/2020 | (1) | 1,139,705 | |||||||||||||||
BB&T Corp | 2.850%, $680,000 par, due 10/26/2024 | (1) | 653,321 | |||||||||||||||
Becton Dickinson and Co | 2.675%, $624,000 par, due 12/15/2019 | (1) | 618,066 | |||||||||||||||
Black Hills Corp | 4.250%, $710,000 par, due 11/30/2023 | (1) | 716,260 | |||||||||||||||
BMW US Capital LLC | 2.700%, $500,000 par, due 4/6/2022 | (1) | 485,630 | |||||||||||||||
BMW US Capital LLC | 3.400%, $400,000 par, due 8/13/2021 | (1) | 398,343 | |||||||||||||||
BNP Paribas SA | 4.400%, $1,670,000 par, due 8/14/2028 | (1) | 1,629,988 | |||||||||||||||
Boston Properties LP | 3.850%, $1,830,000 par, due 2/1/2023 | (1) | 1,833,259 | |||||||||||||||
Boston Properties LP | 3.125%, $500,000 par, due 9/1/2023 | (1) | 483,050 | |||||||||||||||
BP Capital Markets America Inc. | 3.796%, $600,000 par, due 9/21/2025 | (1) | 602,889 | |||||||||||||||
BP Capital Markets America Inc. | 3.790%, $540,000 par, due 2/6/2024 | (1) | 545,826 | |||||||||||||||
BP Capital Markets America Inc. | 3.216%, $1,200,000 par, due 11/28/2023 | (1) | 1,182,684 | |||||||||||||||
BP Capital Markets PLC | 3.279%, $865,000 par, due 9/19/2027 | (1) | 823,313 | |||||||||||||||
BP Capital Markets PLC | 3.814%, $560,000 par, due 2/10/2024 | (1) | 565,208 | |||||||||||||||
Brazos Student Finance Corp | 2.623%, $20,782 par, due 6/25/2027 | (1) | 20,761 | |||||||||||||||
Brown-Forman Corp | 3.500%, $610,000 par, due 4/15/2025 | (1) | 607,411 | |||||||||||||||
Burlington Northern Santa Fe LLC | 3.400%, $1,500,000 par, due 9/1/2024 | (1) | 1,501,779 | |||||||||||||||
CA Dept of Water Resources | 2.000%, $1,750,000 par, due 5/1/2022 | (1) | 1,699,705 | |||||||||||||||
Canadian Pacific Railway Co | 4.500%, $775,000 par, due 1/15/2022 | (1) | 798,517 | |||||||||||||||
Canadian Pacific Railway Co | 2.900%, $460,000 par, due 2/1/2025 | (1) | 440,463 | |||||||||||||||
Capital One Exec Tr | 1.340%, $2,600,000 par, due 4/15/2022 | (1) | 2,579,983 | |||||||||||||||
Capital One Financial Corp | 3.200%, $230,000 par, due 1/30/2023 | (1) | 223,818 | |||||||||||||||
Capital One NA | 2.650%, $1,260,000 par, due 8/8/2022 | (1) | 1,209,983 | |||||||||||||||
Cargill Inc. | 3.250%, $1,610,000 par, due 3/1/2023 | (1) | 1,607,550 | |||||||||||||||
CarMax Auto Owner Trust 2015-4 | 1.560%, $324,356 par, due 11/16/2020 | (1) | 323,161 | |||||||||||||||
CarMax Auto Owner Trust 2016-3 | 1.390%, $1,577,040 par, due 5/17/2021 | (1) | 1,563,090 | |||||||||||||||
CarMax Auto Owner Trust 2018-4 | 3.360%, $2,295,000 par, due 9/15/2023 | (1) | 2,310,721 | |||||||||||||||
Caterpillar Financial Services Corp | 2.550%, $755,000 par, due 11/29/2022 | (1) | 733,347 | |||||||||||||||
Caterpillar Financial Services Corp | 3.650%, $1,010,000 par, due 12/7/2023 | (1) | 1,022,203 | |||||||||||||||
CenterPoint Energy Houston Electric LLC | 2.250%, $1,298,000 par, due 8/1/2022 | (1) | 1,253,863 | |||||||||||||||
CenterPoint Energy Houston Electric LLC | 1.850%, $580,000 par, due 6/1/2021 | (1) | 562,623 | |||||||||||||||
CenterPoint Energy Transition | 2.161%, $711,445 par, due 10/15/2021 | (1) | 707,060 | |||||||||||||||
Charles Schwab Corp/The | 2.650%, $815,000 par, due 1/25/2023 | (1) | 795,581 | |||||||||||||||
Charles Schwab Corp/The | 3.850%, $1,120,000 par, due 5/21/2025 | (1) | 1,142,424 | |||||||||||||||
Chase Issuance Trust | 1.370%, $1,800,000 par, due 6/15/2021 | (1) | 1,786,464 | |||||||||||||||
Cherokee County Board of Education | 5.626%, $1,000,000 par, due 8/1/2028 | (1) | 1,157,630 | |||||||||||||||
Chevron Corp | 2.355%, $470,000 par, due 12/5/2022 | (1) | 455,143 | |||||||||||||||
Chevron Corp | 2.566%, $1,000,000 par, due 5/16/2023 | (1) | 973,877 | |||||||||||||||
Chevron Corp | 2.895%, $810,000 par, due 3/3/2024 | (1) | 790,502 | |||||||||||||||
Children's Hospital Medical Center/Cincinnati OH | 2.853%, $1,775,000 par, due 11/15/2026 | (1) | 1,693,419 | |||||||||||||||
CHRISTUS Health | 4.341%, $1,315,000 par, due 7/1/2028 | (1) | 1,341,914 | |||||||||||||||
Chubb INA Holdings Inc. | 2.875%, $360,000 par, due 11/3/2022 | (1) | 356,952 | |||||||||||||||
Cigna Corp | 3.750%, $830,000 par, due 7/15/2023 | (1) | 827,236 | |||||||||||||||
Cimarex Energy Co | 3.900%, $640,000 par, due 5/15/2027 | (1) | 593,882 | |||||||||||||||
Cintas Corp No 2 | 3.250%, $1,180,000 par, due 6/1/2022 | (1) | 1,172,421 | |||||||||||||||
Cintas Corp No 2 | 3.700%, $450,000 par, due 4/1/2027 | (1) | 439,497 | |||||||||||||||
Citigroup Inc. | 4.500%, $600,000 par, due 1/14/2022 | (1) | 613,040 | |||||||||||||||
Citigroup Inc. | 3.300%, $380,000 par, due 4/27/2025 | (1) | 360,870 | |||||||||||||||
Citigroup Inc. | 2.700%, $500,000 par, due 3/30/2021 | (1) | 492,575 | |||||||||||||||
Citigroup Inc. | 3.400%, $760,000 par, due 5/1/2026 | (1) | 714,870 | |||||||||||||||
Citigroup Inc. | 2.900%, $760,000 par, due 12/8/2021 | (1) | 747,709 | |||||||||||||||
Citigroup Inc. | 2.750%, $790,000 par, due 4/25/2022 | (1) | 767,385 | |||||||||||||||
Citigroup Inc. | 2.700%, $1,060,000 par, due 10/27/2022 | (1) | 1,021,789 | |||||||||||||||
Citigroup Inc. | 3.142%, $370,000 par, due 1/24/2023 | (1) | 363,433 | |||||||||||||||
Citigroup Inc. | 4.044%, $800,000 par, due 6/1/2024 | (1) | 802,244 | |||||||||||||||
Citizens Bank NA/Providence RI | 3.700%, $1,210,000 par, due 3/29/2023 | (1) | 1,215,991 | |||||||||||||||
City & County of Honolulu HI | 2.368%, $750,000 par, due 10/1/2024 | (1) | 729,450 | |||||||||||||||
City & County of Honolulu HI | 3.753%, $425,000 par, due 9/1/2030 | (1) | 432,166 | |||||||||||||||
City of Austin/TX | 3.450%, $500,000 par, due 9/1/2021 | (1) | 508,275 | |||||||||||||||
City of Boston MA | 4.400%, $1,000,000 par, due 4/1/2026 | (1) | 1,034,800 | |||||||||||||||
City of Chicago IL | 6.050%, $455,000 par, due 1/1/2029 | (1) | 467,076 | |||||||||||||||
City of Houston TX | 3.725%, $735,000 par, due 3/1/2030 | (1) | 747,230 | |||||||||||||||
City of Houston TX | 4.361%, $695,000 par, due 3/1/2020 | (1) | 706,975 | |||||||||||||||
City of Houston TX Combined Utility System Revenue | 3.973%, $685,000 par, due 11/15/2031 | (1) | 702,166 | |||||||||||||||
City of Lubbock TX | 4.742%, $750,000 par, due 2/15/2019 | (1) | 751,845 | |||||||||||||||
Clorox Co/The | 3.100%, $425,000 par, due 10/1/2027 | (1) | 403,568 | |||||||||||||||
Comcast Corp | 2.750%, $810,000 par, due 3/1/2023 | (1) | 788,351 | |||||||||||||||
Comcast Corp | 3.000%, $770,000 par, due 2/1/2024 | (1) | 750,704 | |||||||||||||||
Comcast Corp | 3.950%, $1,570,000 par, due 10/15/2025 | (1) | 1,588,584 | |||||||||||||||
Comerica Inc. | 3.700%, $1,285,000 par, due 7/31/2023 | (1) | 1,284,286 |
41(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
COMM 2012-LC4 A4 9.6-Yr CMBS | 3.288%, $2,261,599 par, due 12/10/2044 | (1) | $ | 2,261,480 | ||||||||||||||
COMM 2013-CCRE6 Mortgage Trust | 3.101%, $2,880,000 par, due 3/10/2046 | (1) | 2,863,837 | |||||||||||||||
COMM 2013-CCRE8 Mortgage Trust | 3.612%, $2,165,000 par, due 6/10/2046 | (1) | 2,192,846 | |||||||||||||||
COMM 2013-LC6 Mortgage Trust | 2.941%, $475,000 par, due 1/10/2046 | (1) | 470,092 | |||||||||||||||
Commercial Mortgage Pass Through Certificates | 4.236%, $2,200,000 par, due 2/10/2047 | (1) | 2,289,855 | |||||||||||||||
Commonwealth Edison Co | 3.400%, $350,000 par, due 9/1/2021 | (1) | 351,888 | |||||||||||||||
Commonwealth of Massachusetts | 4.500%, $2,000,000 par, due 8/1/2031 | (1) | 2,139,720 | |||||||||||||||
Commonwealth of Pennsylvania | 4.650%, $750,000 par, due 2/15/2026 | (1) | 798,030 | |||||||||||||||
Cooperatieve Rabobank UA | 3.875%, $300,000 par, due 9/26/2023 | (1) | 301,038 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 2.750%, $350,000 par, due 1/10/2022 | (1) | 343,140 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 2.750%, $1,750,000 par, due 1/10/2023 | (1) | 1,693,158 | |||||||||||||||
Core Industrial Trust 2015-CALW | 3.040%, $1,503,644 par, due 2/10/2034 | (1) | 1,498,756 | |||||||||||||||
Corning Inc. | 4.250%, $320,000 par, due 8/15/2020 | (1) | 325,782 | |||||||||||||||
County of Baltimore MD | 2.847%, $550,000 par, due 8/1/2026 | (1) | 542,465 | |||||||||||||||
County of Baltimore MD | 2.778%, $1,000,000 par, due 7/1/2030 | (1) | 938,480 | |||||||||||||||
County of Scott MN | 4.750%, $1,000,000 par, due 12/1/2020 | (1) | 1,001,420 | |||||||||||||||
Credit Suisse AG/New York NY | 3.625%, $330,000 par, due 9/9/2024 | (1) | 323,793 | |||||||||||||||
Credit Suisse Group AG | 3.574%, $700,000 par, due 1/9/2023 | (1) | 682,872 | |||||||||||||||
Credit Suisse Group AG | 2.997%, $420,000 par, due 12/14/2023 | (1) | 399,667 | |||||||||||||||
Credit Suisse Group AG | 3.869%, $340,000 par, due 1/12/2029 | (1) | 316,306 | |||||||||||||||
Credit Suisse Group AG | 4.207%, $950,000 par, due 6/12/2024 | (1) | 947,541 | |||||||||||||||
CRH America Finance Inc. | 3.400%, $410,000 par, due 5/9/2027 | (1) | 376,393 | |||||||||||||||
CRH America Finance Inc. | 3.950%, $370,000 par, due 4/4/2028 | (1) | 352,557 | |||||||||||||||
Crowley Conro LLC | 4.181%, $1,710,000 par, due 8/15/2043 | (1) | 1,778,005 | |||||||||||||||
CVS Health Corp | 4.000%, $570,000 par, due 12/5/2023 | (1) | 571,628 | |||||||||||||||
CVS Health Corp | 3.500%, $340,000 par, due 7/20/2022 | (1) | 337,667 | |||||||||||||||
CVS Health Corp | 4.100%, $1,010,000 par, due 3/25/2025 | (1) | 999,922 | |||||||||||||||
CVS Health Corp | 4.300%, $1,920,000 par, due 3/25/2028 | (1) | 1,877,009 | |||||||||||||||
Daimler Finance North America LLC | 2.450%, $920,000 par, due 5/18/2020 | (1) | 909,063 | |||||||||||||||
Daimler Finance North America LLC | 2.000%, $460,000 par, due 7/6/2021 | (1) | 442,592 | |||||||||||||||
Daimler Finance North America LLC | 2.200%, $470,000 par, due 10/30/2021 | (1) | 453,271 | |||||||||||||||
Daimler Finance North America LLC | 3.350%, $150,000 par, due 2/22/2023 | (1) | 147,954 | |||||||||||||||
Danone SA | 1.691%, $1,510,000 par, due 10/30/2019 | (1) | 1,489,225 | |||||||||||||||
DBUBS 2011-LC1 Mortgage Trust | 5.002%, $2,100,000 par, due 11/10/2046 | (1) | 2,160,488 | |||||||||||||||
DBUBS 2011-LC2 Mortgage Trust | 4.537%, $1,999,848 par, due 7/10/2044 | (1) | 2,056,090 | |||||||||||||||
Deere & Co | 2.600%, $1,500,000 par, due 6/8/2022 | (1) | 1,468,070 | |||||||||||||||
Denver City & County School District No 1 | 3.587%, $1,255,000 par, due 12/1/2032 | (1) | 1,261,037 | |||||||||||||||
Diageo Capital PLC | 3.500%, $800,000 par, due 9/18/2023 | (1) | 802,310 | |||||||||||||||
Digital Realty Trust LP | 4.450%, $990,000 par, due 7/15/2028 | (1) | 985,746 | |||||||||||||||
DowDuPont Inc. | 4.493%, $490,000 par, due 11/15/2025 | (1) | 504,492 | |||||||||||||||
DowDuPont Inc. | 4.725%, $2,300,000 par, due 11/15/2028 | (1) | 2,374,525 | |||||||||||||||
Duke Energy Carolinas LLC | 3.050%, $810,000 par, due 3/15/2023 | (1) | 802,914 | |||||||||||||||
Duke Energy Progress LLC | 3.700%, $730,000 par, due 9/1/2028 | (1) | 737,411 | |||||||||||||||
Duke Energy Progress LLC | 2.800%, $950,000 par, due 5/15/2022 | (1) | 937,181 | |||||||||||||||
Duke Realty LP | 4.000%, $810,000 par, due 9/15/2028 | (1) | 804,064 | |||||||||||||||
Eaton Corp | 6.950%, $1,375,000 par, due 3/20/2019 | (1) | 1,388,233 | |||||||||||||||
Ecolab Inc. | 4.350%, $689,000 par, due 12/8/2021 | (1) | 707,874 | |||||||||||||||
Ecolab Inc. | 2.250%, $540,000 par, due 1/12/2020 | (1) | 536,494 | |||||||||||||||
Ecolab Inc. | 3.250%, $520,000 par, due 1/14/2023 | (1) | 517,986 | |||||||||||||||
Edu Fund of South | 3.365%, $2,551,482 par, due 3/25/2036 | (1) | 2,571,238 | |||||||||||||||
Education Loan ABS Tr | 3.306%, $521,162 par, due 6/25/2026 | (1) | 522,981 | |||||||||||||||
EI du Pont de Nemours & Co | 2.200%, $210,000 par, due 5/1/2020 | (1) | 208,526 | |||||||||||||||
EMD Finance LLC (Merck KGaA) | 2.400%, $800,000 par, due 3/19/2020 | (1) | 791,856 | |||||||||||||||
EMD Finance LLC (Merck KGaA) | 2.950%, $780,000 par, due 3/19/2022 | (1) | 768,486 | |||||||||||||||
Entergy Arkansas LLC | 3.050%, $1,943,000 par, due 6/1/2023 | (1) | 1,921,464 | |||||||||||||||
Enterprise Fleet Fin | 1.740%, $707,659 par, due 2/22/2022 | (1) | 705,025 | |||||||||||||||
Enterprise Products Operating LLC | 3.750%, $420,000 par, due 2/15/2025 | (1) | 415,572 | |||||||||||||||
Enterprise Products Operating LLC | 2.800%, $850,000 par, due 2/15/2021 | (1) | 841,082 | |||||||||||||||
Equifax Inc. | 3.950%, $850,000 par, due 6/15/2023 | (1) | 842,594 | |||||||||||||||
Equinor ASA | 3.150%, $507,000 par, due 1/23/2022 | (1) | 505,650 | |||||||||||||||
ERP Operating LP | 4.625%, $1,304,000 par, due 12/15/2021 | (1) | 1,349,139 | |||||||||||||||
Ethiopian Leasing 2012 LLC | 2.646%, $1,368,943 par, due 5/12/2026 | (1) | 1,362,898 | |||||||||||||||
Fannie Mae Grantor Trust 2002-T16 | 7.000%, $78,434 par, due 7/25/2042 | (1) | 89,247 | |||||||||||||||
Fannie Mae Grantor Trust 2002-T18 | 7.000%, $35,011 par, due 8/25/2042 | (1) | 39,927 | |||||||||||||||
Fannie Mae Grantor Trust 2004-T3 | 6.000%, $220,089 par, due 2/25/2044 | (1) | 243,373 | |||||||||||||||
Fannie Mae Pool | 4.022%, $209,545 par, due 4/1/2036 | (1) | 214,405 | |||||||||||||||
Fannie Mae Pool | 5.000%, $365,834 par, due 9/1/2033 | (1) | 388,423 | |||||||||||||||
Fannie Mae Pool | 3.672%, $104,582 par, due 1/1/2041 | (1) | 109,030 | |||||||||||||||
Fannie Mae Pool | 3.500%, $372,160 par, due 8/1/2032 | (1) | 374,716 | |||||||||||||||
Fannie Mae Pool | 2.934%, $1,250,980 par, due 6/1/2022 | (1) | 1,256,858 | |||||||||||||||
Fannie Mae Pool | 3.047%, $787,810 par, due 11/1/2022 | (1) | 793,141 | |||||||||||||||
Fannie Mae Pool | 4.000%, $1,615,445 par, due 11/1/2045 | (1) | 1,660,724 | |||||||||||||||
Fannie Mae Pool | 2.760%, $2,146,621 par, due 4/1/2022 | (1) | 2,145,252 | |||||||||||||||
Fannie Mae Pool | 2.476%, $3,625,703 par, due 11/1/2022 | (1) | 3,610,152 |
42(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Fannie Mae Pool | 2.688%, $4,145,357 par, due 5/1/2023 | (1) | $ | 4,102,009 | ||||||||||||||
Fannie Mae Pool | 2.510%, $2,480,570 par, due 9/1/2024 | (1) | 2,440,651 | |||||||||||||||
Fannie Mae Pool | 2.860%, $1,710,910 par, due 11/1/2021 | (1) | 1,710,357 | |||||||||||||||
Fannie Mae Pool | 2.730%, $1,703,465 par, due 1/1/2023 | (1) | 1,695,019 | |||||||||||||||
Fannie Mae Pool | 2.560%, $1,800,000 par, due 12/1/2022 | (1) | 1,783,535 | |||||||||||||||
Fannie Mae Pool | 2.730%, $1,793,504 par, due 9/1/2023 | (1) | 1,783,616 | |||||||||||||||
Fannie Mae Pool | 3.070%, $1,185,000 par, due 2/1/2026 | (1) | 1,185,640 | |||||||||||||||
Fannie Mae Pool | 3.080%, $1,100,000 par, due 1/1/2026 | (1) | 1,102,688 | |||||||||||||||
Fannie Mae Pool | 2.200%, $2,610,091 par, due 12/1/2023 | (1) | 2,536,058 | |||||||||||||||
Fannie Mae Pool | 2.190%, $2,481,019 par, due 7/1/2023 | (1) | 2,403,544 | |||||||||||||||
Fannie Mae Pool | 2.350%, $2,409,240 par, due 10/1/2022 | (1) | 2,369,451 | |||||||||||||||
Fannie Mae Pool | 2.640%, $2,183,098 par, due 2/1/2024 | (1) | 2,153,320 | |||||||||||||||
Fannie Mae Pool | 3.080%, $4,525,000 par, due 12/1/2024 | (1) | 4,532,570 | |||||||||||||||
Fannie Mae Pool | 3.330%, $1,077,815 par, due 6/1/2027 | (1) | 1,084,986 | |||||||||||||||
Fannie Mae Pool | 2.850%, $854,948 par, due 9/1/2024 | (1) | 847,534 | |||||||||||||||
Fannie Mae Pool | 3.000%, $1,918,243 par, due 10/1/2023 | (1) | 1,928,045 | |||||||||||||||
Fannie Mae Pool | 2.770%, $2,741,636 par, due 9/1/2022 | (1) | 2,731,643 | |||||||||||||||
Fannie Mae Pool | 2.820%, $3,653,172 par, due 1/1/2022 | (1) | 3,644,265 | |||||||||||||||
Fannie Mae Pool | 3.080%, $2,500,000 par, due 10/1/2025 | (1) | 2,494,190 | |||||||||||||||
Fannie Mae Pool | 3.000%, $1,554,967 par, due 5/1/2031 | (1) | 1,552,174 | |||||||||||||||
Fannie Mae Pool | 2.500%, $1,199,444 par, due 6/1/2031 | (1) | 1,171,835 | |||||||||||||||
Fannie Mae Pool | 2.500%, $1,186,792 par, due 6/1/2031 | (1) | 1,159,474 | |||||||||||||||
Fannie Mae Pool | 2.500%, $1,213,721 par, due 6/1/2031 | (1) | 1,185,784 | |||||||||||||||
Fannie Mae Pool | 2.500%, $1,240,857 par, due 6/1/2031 | (1) | 1,212,295 | |||||||||||||||
Fannie Mae Pool | 2.899%, $661,420 par, due 3/1/2044 | (1) | 670,078 | |||||||||||||||
Fannie Mae Pool | 2.856%, $521,521 par, due 3/1/2044 | (1) | 528,181 | |||||||||||||||
Fannie Mae Pool | 2.925%, $678,090 par, due 5/1/2044 | (1) | 684,959 | |||||||||||||||
Fannie Mae Pool | 2.268%, $123,681 par, due 11/1/2041 | (1) | 123,060 | |||||||||||||||
Fannie Mae Pool | 5.000%, $529,402 par, due 11/1/2033 | (1) | 563,859 | |||||||||||||||
Fannie Mae Pool | 5.000%, $638,188 par, due 6/1/2035 | (1) | 677,579 | |||||||||||||||
Fannie Mae Pool | 4.208%, $228,900 par, due 7/1/2035 | (1) | 238,667 | |||||||||||||||
Fannie Mae Pool | 5.000%, $756,273 par, due 10/1/2035 | (1) | 803,127 | |||||||||||||||
Fannie Mae Pool | 5.000%, $2,383,561 par, due 3/1/2036 | (1) | 2,531,344 | |||||||||||||||
Fannie Mae Pool | 4.370%, $46,612 par, due 5/1/2036 | (1) | 48,742 | |||||||||||||||
Fannie Mae Pool | 3.253%, $39,872 par, due 4/1/2044 | (1) | 39,608 | |||||||||||||||
Fannie Mae Pool | 5.000%, $35,807 par, due 10/1/2019 | (1) | 36,431 | |||||||||||||||
Fannie Mae Pool | 5.000%, $22,160 par, due 12/1/2019 | (1) | 22,547 | |||||||||||||||
Fannie Mae Pool | 4.028%, $48,964 par, due 5/1/2035 | (1) | 50,927 | |||||||||||||||
Fannie Mae Pool | 4.052%, $92,251 par, due 1/1/2035 | (1) | 95,164 | |||||||||||||||
Fannie Mae Pool | 5.000%, $124,661 par, due 8/1/2020 | (1) | 126,833 | |||||||||||||||
Fannie Mae Pool | 4.068%, $96,420 par, due 7/1/2035 | (1) | 99,566 | |||||||||||||||
Fannie Mae Pool | 4.065%, $111,930 par, due 7/1/2035 | (1) | 115,741 | |||||||||||||||
Fannie Mae Pool | 4.000%, $3,647,234 par, due 7/1/2056 | (1) | 3,720,926 | |||||||||||||||
Fannie Mae Pool | 4.000%, $2,944,449 par, due 6/1/2056 | (1) | 3,003,947 | |||||||||||||||
Fannie Mae Pool | 4.500%, $6,900,251 par, due 6/1/2056 | (1) | 7,167,664 | |||||||||||||||
Fannie Mae Pool | 4.500%, $2,707,286 par, due 6/1/2056 | (1) | 2,816,111 | |||||||||||||||
Fannie Mae Pool | 4.500%, $2,787,259 par, due 6/1/2056 | (1) | 2,895,287 | |||||||||||||||
Fannie Mae Pool | 3.500%, $4,055,467 par, due 11/1/2046 | (1) | 4,110,857 | |||||||||||||||
Fannie Mae Pool | 4.000%, $5,094,191 par, due 7/1/2056 | (1) | 5,212,850 | |||||||||||||||
Fannie Mae Pool | 4.000%, $646,140 par, due 1/1/2041 | (1) | 663,758 | |||||||||||||||
Fannie Mae Pool | 4.000%, $4,625,793 par, due 4/1/2041 | (1) | 4,751,337 | |||||||||||||||
Fannie Mae Pool | 4.000%, $3,889,641 par, due 11/1/2040 | (1) | 3,995,594 | |||||||||||||||
Fannie Mae Pool | 4.000%, $8,201,324 par, due 8/1/2051 | (1) | 8,384,575 | |||||||||||||||
Fannie Mae Pool | 4.500%, $4,410,509 par, due 1/1/2051 | (1) | 4,582,496 | |||||||||||||||
Fannie Mae Pool | 4.500%, $4,211,363 par, due 11/1/2048 | (1) | 4,389,946 | |||||||||||||||
Fannie Mae Pool | 3.743%, $404,650 par, due 5/1/2036 | (1) | 411,445 | |||||||||||||||
Fannie Mae Pool | 3.758%, $73,589 par, due 1/1/2037 | (1) | 75,331 | |||||||||||||||
Fannie Mae Pool | 6.000%, $87,626 par, due 9/1/2038 | (1) | 92,579 | |||||||||||||||
Fannie Mae Pool | 3.551%, $63,104 par, due 4/1/2037 | (1) | 64,123 | |||||||||||||||
Fannie Mae Pool | 3.000%, $1,402,708 par, due 7/1/2032 | (1) | 1,395,440 | |||||||||||||||
Fannie Mae Pool | 3.000%, $1,799,465 par, due 3/1/2033 | (1) | 1,790,140 | |||||||||||||||
Fannie Mae REMIC Trust 2005-W1 | 6.500%, $174,006 par, due 10/25/2044 | (1) | 196,579 | |||||||||||||||
Fannie Mae REMICS | 5.500%, $295,059 par, due 4/25/2035 | (1) | 322,157 | |||||||||||||||
Fannie Mae Trust 2003-W6 | 6.500%, $119,795 par, due 9/25/2042 | (1) | 133,053 | |||||||||||||||
Fannie Mae Trust 2003-W8 | 7.000%, $20,294 par, due 10/25/2042 | (1) | 23,007 | |||||||||||||||
Fannie Mae Trust 2004-W2 | 7.000%, $117,184 par, due 2/25/2044 | (1) | 131,198 | |||||||||||||||
Fannie Mae-Aces | 2.614%, $1,516,833 par, due 10/25/2021 | (1) | 1,507,847 | |||||||||||||||
Federal Realty Investment Trust | 2.750%, $1,500,000 par, due 6/1/2023 | (1) | 1,445,181 | |||||||||||||||
FedEx Corp | 4.200%, $1,430,000 par, due 10/17/2028 | (1) | 1,420,619 | |||||||||||||||
Fifth Third Bank/Cincinnati OH | 3.950%, $785,000 par, due 7/28/2025 | (1) | 795,521 | |||||||||||||||
Fiserv Inc. | 4.750%, $1,000,000 par, due 6/15/2021 | (1) | 1,029,999 | |||||||||||||||
Fiserv Inc. | 2.700%, $1,000,000 par, due 6/1/2020 | (1) | 992,567 | |||||||||||||||
Fiserv Inc. | 3.800%, $1,730,000 par, due 10/1/2023 | (1) | 1,740,773 | |||||||||||||||
Florida Gas Transmission Co LLC | 4.350%, $1,000,000 par, due 7/15/2025 | (1) | 1,020,855 |
43(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Florida Power & Light Co | 2.750%, $865,000 par, due 6/1/2023 | (1) | $ | 846,512 | ||||||||||||||
Ford Credit Auto Owner Tr | 2.620%, $3,630,000 par, due 8/15/2028 | (1) | 3,577,779 | |||||||||||||||
Ford Credit Auto Owner Trust 2017-REV2 | 2.360%, $1,850,000 par, due 3/15/2029 | (1) | 1,802,862 | |||||||||||||||
Fortive Corp | 2.350%, $1,585,000 par, due 6/15/2021 | (1) | 1,545,478 | |||||||||||||||
Fortune Brands Home & Security Inc. | 4.000%, $1,500,000 par, due 9/21/2023 | (1) | 1,484,100 | |||||||||||||||
Freddie Mac Gold Pool | 5.000%, $51,447 par, due 2/1/2020 | (1) | 51,696 | |||||||||||||||
Freddie Mac Gold Pool | 3.000%, $1,666,767 par, due 8/1/2027 | (1) | 1,662,575 | |||||||||||||||
Freddie Mac Gold Pool | 3.500%, $220,177 par, due 2/1/2043 | (1) | 221,395 | |||||||||||||||
Freddie Mac Gold Pool | 3.000%, $3,552,654 par, due 1/1/2043 | (1) | 3,491,552 | |||||||||||||||
Freddie Mac Gold Pool | 4.000%, $1,766,107 par, due 1/1/2047 | (1) | 1,815,638 | |||||||||||||||
Freddie Mac Gold Pool | 5.000%, $6,537 par, due 5/1/2021 | (1) | 6,623 | |||||||||||||||
Freddie Mac Gold Pool | 6.000%, $368,905 par, due 8/1/2038 | (1) | 409,333 | |||||||||||||||
Freddie Mac Gold Pool | 6.000%, $216,798 par, due 8/1/2038 | (1) | 240,274 | |||||||||||||||
Freddie Mac Gold Pool | 6.000%, $65,761 par, due 9/1/2038 | (1) | 71,864 | |||||||||||||||
Freddie Mac Gold Pool | 4.000%, $346,135 par, due 2/1/2026 | (1) | 355,045 | |||||||||||||||
Freddie Mac Gold Pool | 3.500%, $368,065 par, due 12/1/2025 | (1) | 373,360 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.827%, $751,674 par, due 9/25/2023 | (1) | 750,503 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 3.062%, $3,700,000 par, due 11/25/2023 | (1) | 3,714,149 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.612%, $98,787 par, due 7/1/2034 | (1) | 98,844 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.895%, $536,901 par, due 1/1/2044 | (1) | 543,110 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.845%, $1,909,348 par, due 7/1/2047 | (1) | 1,909,768 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.603%, $1,695,634 par, due 10/1/2047 | (1) | 1,683,358 | |||||||||||||||
Freddie Mac Non Gold Pool | 3.950%, $113,044 par, due 12/1/2036 | (1) | 118,383 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.638%, $58,848 par, due 11/1/2040 | (1) | 61,046 | |||||||||||||||
Freddie Struct PT Cert | 7.000%, $704,420 par, due 7/25/2043 | (1) | 817,099 | |||||||||||||||
GE Cap Intl Funding | 2.342%, $1,238,000 par, due 11/15/2020 | (1) | 1,194,738 | |||||||||||||||
General Dynamics Corp | 3.500%, $160,000 par, due 5/15/2025 | (1) | 159,346 | |||||||||||||||
General Electric Co | 4.650%, $144,000 par, due 10/17/2021 | (1) | 144,432 | |||||||||||||||
General Mills Inc. | 2.600%, $680,000 par, due 10/12/2022 | (1) | 655,094 | |||||||||||||||
General Mills Inc. | 3.700%, $440,000 par, due 10/17/2023 | (1) | 437,433 | |||||||||||||||
Genzyme Corp | 5.000%, $1,000,000 par, due 6/15/2020 | (1) | 1,030,659 | |||||||||||||||
Georgia-Pacific LLC | 3.734%, $1,725,000 par, due 7/15/2023 | (1) | 1,741,415 | |||||||||||||||
Ginnie Mae II Pool | 4.579%, $2,356,530 par, due 3/20/2065 | (1) | 2,488,178 | |||||||||||||||
Ginnie Mae II Pool | 4.431%, $1,592,537 par, due 12/20/2066 | (1) | 1,696,130 | |||||||||||||||
Ginnie Mae II Pool | 4.558%, $4,016,571 par, due 1/20/2067 | (1) | 4,299,410 | |||||||||||||||
Ginnie Mae II Pool | 4.470%, $1,908,818 par, due 1/20/2067 | (1) | 2,035,092 | |||||||||||||||
Ginnie Mae II Pool | 4.403%, $3,087,401 par, due 2/20/2067 | (1) | 3,280,839 | |||||||||||||||
Ginnie Mae II pool | 2.889%, $2,562,623 par, due 5/20/2058 | (1) | 2,592,524 | |||||||||||||||
Ginnie Mae II pool | 3.990%, $659,716 par, due 6/20/2058 | (1) | 672,936 | |||||||||||||||
GlaxoSmithKline Capital Inc. | 3.625%, $700,000 par, due 5/15/2025 | (1) | 704,465 | |||||||||||||||
GlaxoSmithKline Capital PLC | 2.850%, $1,600,000 par, due 5/8/2022 | (1) | 1,580,598 | |||||||||||||||
Goldman Sachs Group Inc./The | 5.250%, $500,000 par, due 7/27/2021 | (1) | 519,047 | |||||||||||||||
Goldman Sachs Group Inc./The | 5.750%, $920,000 par, due 1/24/2022 | (1) | 963,271 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.625%, $380,000 par, due 4/25/2021 | (1) | 370,104 | |||||||||||||||
Goldman Sachs Group Inc./The | 3.000%, $1,520,000 par, due 4/26/2022 | (1) | 1,472,033 | |||||||||||||||
Goldman Sachs Group Inc./The | 3.272%, $610,000 par, due 9/29/2025 | (1) | 571,798 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.550%, $580,000 par, due 10/23/2019 | (1) | 576,336 | |||||||||||||||
Goldman Sachs Group Inc./The | 3.500%, $630,000 par, due 1/23/2025 | (1) | 597,184 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.876%, $550,000 par, due 10/31/2022 | (1) | 534,165 | |||||||||||||||
GS Mortgage Securities Trust 2011-GC3 | 4.753%, $1,492,053 par, due 3/10/2044 | (1) | 1,533,310 | |||||||||||||||
GS Mortgage Securities Trust 2013-GC16 | 4.271%, $1,300,000 par, due 11/10/2046 | (1) | 1,352,992 | |||||||||||||||
GS Mortgage Securities Trust 2014-GC26 | 3.629%, $2,760,000 par, due 11/10/2047 | (1) | 2,800,809 | |||||||||||||||
GSMS 2012-GCJ7 A4 9.2-Yr CMBS | 3.377%, $2,062,407 par, due 5/10/2045 | (1) | 2,071,108 | |||||||||||||||
Guardian Life Global Funding | 1.950%, $1,300,000 par, due 10/27/2021 | (1) | 1,254,988 | |||||||||||||||
Guardian Life Global Funding | 2.500%, $1,190,000 par, due 5/8/2022 | (1) | 1,156,567 | |||||||||||||||
Gulfstream Natural Gas System LLC | 6.190%, $1,510,000 par, due 11/1/2025 | (1) | 1,688,375 | |||||||||||||||
Halliburton Co | 3.800%, $400,000 par, due 11/15/2025 | (1) | 387,596 | |||||||||||||||
Heineken NV | 3.400%, $680,000 par, due 4/1/2022 | (1) | 681,146 | |||||||||||||||
Heineken NV | 3.500%, $960,000 par, due 1/29/2028 | (1) | 925,731 | |||||||||||||||
Helios Leasing I LLC | 1.562%, $503,837 par, due 9/28/2024 | (1) | 485,136 | |||||||||||||||
Hewlett Packard Enterprise Co | 3.600%, $950,000 par, due 10/15/2020 | (1) | 952,460 | |||||||||||||||
Honda Auto Receivables 2018-2 Owner Trust | 3.010%, $2,810,000 par, due 5/18/2022 | (1) | 2,812,793 | |||||||||||||||
HSBC Holdings PLC | 5.100%, $210,000 par, due 4/5/2021 | (1) | 217,163 | |||||||||||||||
HSBC Holdings PLC | 3.262%, $1,530,000 par, due 3/13/2023 | (1) | 1,497,347 | |||||||||||||||
HSBC Holdings PLC | 3.033%, $515,000 par, due 11/22/2023 | (1) | 498,475 | |||||||||||||||
HSBC Holdings PLC | 4.583%, $400,000 par, due 6/19/2029 | (1) | 396,495 | |||||||||||||||
HSBC Holdings PLC | 4.292%, $1,500,000 par, due 9/12/2026 | (1) | 1,477,466 | |||||||||||||||
Huntington Auto Trust | 1.930%, $3,850,000 par, due 4/15/2022 | (1) | 3,811,188 | |||||||||||||||
Huntington National Bank/The | 3.550%, $1,120,000 par, due 10/6/2023 | (1) | 1,116,132 | |||||||||||||||
Hyundai Auto Lease Tr | 1.880%, $2,983,590 par, due 8/17/2020 | (1) | 2,975,275 | |||||||||||||||
Hyundai Capital America | 2.550%, $469,000 par, due 2/6/2019 | (1) | 468,730 | |||||||||||||||
Hyundai Capital America | 2.000%, $500,000 par, due 7/1/2019 | (1) | 496,786 | |||||||||||||||
Indiana Finance Authority | 1.781%, $500,000 par, due 7/1/2021 | (1) | 488,650 | |||||||||||||||
Indiana Finance Authority | 2.159%, $300,000 par, due 7/1/2023 | (1) | 288,891 |
44(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Indiana Housing & Community Development Authority | 5.900%, $15,000 par, due 1/1/2037 | (1) | $ | 15,000 | ||||||||||||||
Ingredion Inc. | 3.200%, $600,000 par, due 10/1/2026 | (1) | 557,908 | |||||||||||||||
International Paper Co | 3.000%, $880,000 par, due 2/15/2027 | (1) | 801,041 | |||||||||||||||
Iraq Government AID Bond | 2.149%, $4,910,000 par, due 1/18/2022 | (1) | 4,821,227 | |||||||||||||||
Jackson National Life Global Funding | 3.300%, $740,000 par, due 6/11/2021 | (1) | 739,619 | |||||||||||||||
John Deere Capital Corp | 2.700%, $515,000 par, due 1/6/2023 | (1) | 502,258 | |||||||||||||||
John Deere Capital Corp | 3.650%, $340,000 par, due 10/12/2023 | (1) | 343,559 | |||||||||||||||
John Deere Owner Trust 2016-B | 1.250%, $1,010,476 par, due 6/15/2020 | (1) | 1,005,887 | |||||||||||||||
JPMBB Commercial Mortgage Sec Trust 2014-C26 | 3.494%, $1,435,000 par, due 1/15/2048 | (1) | 1,436,333 | |||||||||||||||
JPMorgan Chase & Co | 2.776%, $1,520,000 par, due 4/25/2023 | (1) | 1,473,862 | |||||||||||||||
JPMorgan Chase & Co | 3.559%, $360,000 par, due 4/23/2024 | (1) | 357,277 | |||||||||||||||
JPMorgan Chase & Co | 4.203%, $810,000 par, due 7/23/2029 | (1) | 807,538 | |||||||||||||||
JPMorgan Chase & Co | 4.452%, $1,370,000 par, due 12/5/2029 | (1) | 1,393,489 | |||||||||||||||
JPMorgan Chase & Co | 2.972%, $1,010,000 par, due 1/15/2023 | (1) | 984,729 | |||||||||||||||
JPMorgan Chase & Co | 4.400%, $179,000 par, due 7/22/2020 | (1) | 182,237 | |||||||||||||||
JPMorgan Chase & Co | 4.500%, $290,000 par, due 1/24/2022 | (1) | 298,812 | |||||||||||||||
JPMorgan Chase & Co | 3.125%, $800,000 par, due 1/23/2025 | (1) | 762,165 | |||||||||||||||
JPMorgan Chase & Co | 3.782%, $770,000 par, due 2/1/2028 | (1) | 747,454 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 4.070%, $1,164,766 par, due 11/15/2043 | (1) | 1,178,482 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 4.717%, $1,130,740 par, due 2/15/2046 | (1) | 1,155,257 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 4.388%, $1,793,391 par, due 7/15/2046 | (1) | 1,839,292 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 3.143%, $2,500,000 par, due 12/15/2047 | (1) | 2,481,215 | |||||||||||||||
Kentucky Utilities Co | 3.250%, $700,000 par, due 11/1/2020 | (1) | 701,970 | |||||||||||||||
Kerr-McGee Corp | 6.950%, $500,000 par, due 7/1/2024 | (1) | 557,431 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.500%, $800,000 par, due 11/22/2021 | (1) | 784,255 | |||||||||||||||
KeyBank NA/Cleveland OH | 3.350%, $270,000 par, due 6/15/2021 | (1) | 270,843 | |||||||||||||||
KeyCorp | 5.100%, $900,000 par, due 3/24/2021 | (1) | 933,436 | |||||||||||||||
Kimco Realty Corp | 3.400%, $1,300,000 par, due 11/1/2022 | (1) | 1,279,593 | |||||||||||||||
Kimco Realty Corp | 2.700%, $330,000 par, due 3/1/2024 | (1) | 310,985 | |||||||||||||||
Kingdom of Jordan Gov AID | 2.578%, $1,020,000 par, due 6/30/2022 | (1) | 1,016,081 | |||||||||||||||
Kraft Heinz Foods Co | 3.500%, $890,000 par, due 6/6/2022 | (1) | 881,023 | |||||||||||||||
Kraft Heinz Foods Co | 4.000%, $560,000 par, due 6/15/2023 | (1) | 558,532 | |||||||||||||||
Liberty Property LP | 4.750%, $1,510,000 par, due 10/1/2020 | (1) | 1,540,197 | |||||||||||||||
Lockheed Martin Corp | 4.250%, $735,000 par, due 11/15/2019 | (1) | 743,527 | |||||||||||||||
M&T Bank Corp | 3.550%, $690,000 par, due 7/26/2023 | (1) | 692,750 | |||||||||||||||
Manufacturers & Traders Trust Co | 2.100%, $1,500,000 par, due 2/6/2020 | (1) | 1,483,890 | |||||||||||||||
Manufacturers & Traders Trust Co | 2.500%, $590,000 par, due 5/18/2022 | (1) | 573,123 | |||||||||||||||
Marathon Oil Corp | 3.850%, $850,000 par, due 6/1/2025 | (1) | 797,397 | |||||||||||||||
Marathon Petroleum Corp | 3.400%, $1,840,000 par, due 12/15/2020 | (1) | 1,839,441 | |||||||||||||||
Marin Community College District | 2.766%, $1,215,000 par, due 8/1/2023 | (1) | 1,210,675 | |||||||||||||||
Marsh & McLennan Cos Inc. | 3.300%, $1,020,000 par, due 3/14/2023 | (1) | 1,008,556 | |||||||||||||||
Massachusetts Institute of Technology | 3.959%, $500,000 par, due 7/1/2038 | (1) | 513,311 | |||||||||||||||
MassMutual Global Funding II | 2.000%, $1,500,000 par, due 4/15/2021 | (1) | 1,460,492 | |||||||||||||||
Maxim Integrated Products Inc. | 3.375%, $1,100,000 par, due 3/15/2023 | (1) | 1,096,031 | |||||||||||||||
Maxim Integrated Products Inc. | 3.450%, $310,000 par, due 6/15/2027 | (1) | 289,144 | |||||||||||||||
McCormick & Co Inc./MD | 3.150%, $1,150,000 par, due 8/15/2024 | (1) | 1,108,552 | |||||||||||||||
McDonald's Corp | 5.000%, $75,000 par, due 2/1/2019 | (1) | 75,107 | |||||||||||||||
McDonald's Corp | 3.350%, $1,100,000 par, due 4/1/2023 | (1) | 1,094,437 | |||||||||||||||
MD Comm Dev Admin Housing Rev | 3.500%, $460,000 par, due 9/1/2047 | (1) | 457,810 | |||||||||||||||
Medtronic Inc. | 3.150%, $1,145,000 par, due 3/15/2022 | (1) | 1,141,839 | |||||||||||||||
Microchip Technology Inc. | 4.333%, $870,000 par, due 6/1/2023 | (1) | 848,611 | |||||||||||||||
Missouri Higher Ed Ln Auth | 3.727%, $831,898 par, due 2/25/2036 | (1) | 831,815 | |||||||||||||||
Missouri Higher Ed Ln Auth | 3.541%, $513,715 par, due 8/26/2030 | (1) | 515,611 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 2.665%, $890,000 par, due 7/25/2022 | (1) | 864,931 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 3.455%, $390,000 par, due 3/2/2023 | (1) | 387,606 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 3.761%, $1,100,000 par, due 7/26/2023 | (1) | 1,105,072 | |||||||||||||||
MMAF Equipment Finance LLC 2014-A | 1.590%, $1,592,142 par, due 2/8/2022 | (1) | 1,579,890 | |||||||||||||||
MMAF Equipment Finance LLC 2015-A | 1.930%, $908,369 par, due 7/16/2021 | (1) | 904,601 | |||||||||||||||
MMAF Equipment Finance LLC 2017-A | 2.680%, $2,695,000 par, due 7/16/2027 | (1) | 2,653,559 | |||||||||||||||
MMAF Equipment Finance LLC 2017-B | 2.410%, $1,910,000 par, due 11/15/2024 | (1) | 1,874,717 | |||||||||||||||
MMAF Equipment Finance LLC 2018-A | 3.390%, $1,250,000 par, due 1/10/2025 | (1) | 1,265,335 | |||||||||||||||
MO State Higher Ed Std Asst | 3.470%, $2,588,608 par, due 5/20/2030 | (1) | 2,609,529 | |||||||||||||||
Mondelez International Inc. | 3.625%, $860,000 par, due 5/7/2023 | (1) | 861,041 | |||||||||||||||
Monongahela Power Co | 4.100%, $1,500,000 par, due 4/15/2024 | (1) | 1,546,946 | |||||||||||||||
Morgan Stanley | 2.750%, $330,000 par, due 5/19/2022 | (1) | 321,051 | |||||||||||||||
Morgan Stanley | 3.125%, $570,000 par, due 1/23/2023 | (1) | 556,858 | |||||||||||||||
Morgan Stanley | 3.750%, $500,000 par, due 2/25/2023 | (1) | 499,119 | |||||||||||||||
Morgan Stanley | 2.625%, $1,140,000 par, due 11/17/2021 | (1) | 1,112,671 | |||||||||||||||
Morgan Stanley | 3.625%, $1,125,000 par, due 1/20/2027 | (1) | 1,069,198 | |||||||||||||||
Morgan Stanley | 3.700%, $1,000,000 par, due 10/23/2024 | (1) | 983,390 | |||||||||||||||
Morgan Stanley | 3.950%, $600,000 par, due 4/23/2027 | (1) | 565,676 | |||||||||||||||
Morgan Stanley BAML Trust | 3.102%, $2,170,000 par, due 5/15/2046 | (1) | 2,150,218 | |||||||||||||||
Morgan Stanley BAML Trust | 3.176%, $2,400,000 par, due 8/15/2045 | (1) | 2,389,440 | |||||||||||||||
Morgan Stanley BAML Trust | 2.858%, $1,867,382 par, due 11/15/2045 | (1) | 1,840,712 |
45(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Morgan Stanley BAML Trust 2014 C19 | 3.526%, $1,930,000 par, due 12/15/2047 | (1) | $ | 1,934,065 | ||||||||||||||
MPLX LP | 4.000%, $490,000 par, due 3/15/2028 | (1) | 459,253 | |||||||||||||||
MS State Higher Ed Asst Co | 3.186%, $1,034,646 par, due 10/25/2035 | (1) | 1,035,690 | |||||||||||||||
National Retail Properties Inc. | 4.300%, $420,000 par, due 10/15/2028 | (1) | 422,070 | |||||||||||||||
NC State Edu Asst Auth | 3.006%, $877,373 par, due 12/26/2039 | (1) | 875,215 | |||||||||||||||
New York Hospital for Special Surgery | 3.737%, $285,000 par, due 4/1/2028 | (1) | 287,228 | |||||||||||||||
New York Life Global Funding | 2.150%, $1,000,000 par, due 6/18/2019 | (1) | 996,197 | |||||||||||||||
New York Life Global Funding | 1.950%, $400,000 par, due 2/11/2020 | (1) | 395,467 | |||||||||||||||
New York Life Global Funding | 2.000%, $680,000 par, due 4/13/2021 | (1) | 662,592 | |||||||||||||||
New York State Urban Development Corp | 2.860%, $1,030,000 par, due 3/15/2024 | (1) | 1,021,657 | |||||||||||||||
New York State Urban Development Corp | 3.270%, $500,000 par, due 3/15/2027 | (1) | 491,015 | |||||||||||||||
Norfolk Southern Corp | 3.000%, $1,250,000 par, due 4/1/2022 | (1) | 1,241,566 | |||||||||||||||
Norfolk Southern Corp | 3.650%, $280,000 par, due 8/1/2025 | (1) | 281,461 | |||||||||||||||
North Carolina Housing Finance Agency | 2.870%, $810,000 par, due 7/1/2032 | (1) | 789,045 | |||||||||||||||
North TX Highed Ed Auth | 3.349%, $2,852,994 par, due 12/1/2034 | (1) | 2,868,372 | |||||||||||||||
Northern States Power Co/MN | 2.600%, $1,965,000 par, due 5/15/2023 | (1) | 1,906,015 | |||||||||||||||
Northern Trust Corp | 3.375%, $400,000 par, due 8/23/2021 | (1) | 402,872 | |||||||||||||||
Northrop Grumman Corp | 3.250%, $165,000 par, due 1/15/2028 | (1) | 153,945 | |||||||||||||||
Northstar Edu Fin Inc. | 3.259%, $446,820 par, due 10/30/2045 | (1) | 445,553 | |||||||||||||||
Northstar Edu Fin Inc. | 3.206%, $415,141 par, due 12/26/2031 | (1) | 414,928 | |||||||||||||||
Novartis Capital Corp | 2.400%, $850,000 par, due 5/17/2022 | (1) | 828,996 | |||||||||||||||
NYC Transit Fin Auth Future Tax Rev | 2.750%, $750,000 par, due 5/1/2024 | (1) | 730,215 | |||||||||||||||
NYC Transit Fin Auth Future Tax Rev | 3.430%, $1,500,000 par, due 8/1/2026 | (1) | 1,488,030 | |||||||||||||||
Occidental Petroleum Corp | 2.600%, $1,000,000 par, due 4/15/2022 | (1) | 975,377 | |||||||||||||||
Oracle Corp | 2.500%, $800,000 par, due 5/15/2022 | (1) | 782,826 | |||||||||||||||
Oracle Corp | 2.400%, $890,000 par, due 9/15/2023 | (1) | 854,072 | |||||||||||||||
Oracle Corp | 2.950%, $1,860,000 par, due 11/15/2024 | (1) | 1,811,428 | |||||||||||||||
Orlando Health Obligated Group | 3.777%, $1,000,000 par, due 10/1/2028 | (1) | 1,004,602 | |||||||||||||||
Overseas Private Investment Corp | 3.370%, $302,037 par, due 5/15/2021 | (1) | 303,600 | |||||||||||||||
PACCAR Financial Corp | 2.250%, $526,000 par, due 2/25/2021 | (1) | 518,597 | |||||||||||||||
PacifiCorp | 2.950%, $1,300,000 par, due 2/1/2022 | (1) | 1,286,228 | |||||||||||||||
PacifiCorp | 3.600%, $1,110,000 par, due 4/1/2024 | (1) | 1,120,507 | |||||||||||||||
Packaging Corp of America | 4.500%, $720,000 par, due 11/1/2023 | (1) | 738,050 | |||||||||||||||
Packaging Corp of America | 2.450%, $225,000 par, due 12/15/2020 | (1) | 220,918 | |||||||||||||||
Packaging Corp of America | 3.400%, $430,000 par, due 12/15/2027 | (1) | 403,257 | |||||||||||||||
Parker-Hannifin Corp | 3.500%, $520,000 par, due 9/15/2022 | (1) | 522,412 | |||||||||||||||
PECO Energy Co | 2.375%, $1,655,000 par, due 9/15/2022 | (1) | 1,604,139 | |||||||||||||||
Petroleos Mexicanos | 2.000%, $1,410,000 par, due 12/20/2022 | (1) | 1,385,579 | |||||||||||||||
Petroleos Mexicanos | 2.290%, $536,250 par, due 2/15/2024 | (1) | 530,033 | |||||||||||||||
Petroleos Mexicanos | 2.378%, $1,300,000 par, due 4/15/2025 | (1) | 1,283,390 | |||||||||||||||
PHEAA Student Loan Trust 2016-2 | 3.456%, $2,430,517 par, due 11/25/2065 | (1) | 2,442,689 | |||||||||||||||
Phillips 66 | 4.300%, $700,000 par, due 4/1/2022 | (1) | 718,640 | |||||||||||||||
PNC Bank NA | 4.050%, $1,030,000 par, due 7/26/2028 | (1) | 1,034,672 | |||||||||||||||
PNC Bank NA | 2.300%, $600,000 par, due 6/1/2020 | (1) | 591,922 | |||||||||||||||
PNC Bank NA | 3.250%, $380,000 par, due 6/1/2025 | (1) | 368,773 | |||||||||||||||
PNC Bank NA | 3.500%, $1,430,000 par, due 6/8/2023 | (1) | 1,432,831 | |||||||||||||||
ProLogis LP | 4.250%, $1,148,000 par, due 8/15/2023 | (1) | 1,185,152 | |||||||||||||||
Prologis LP | 3.750%, $105,000 par, due 11/1/2025 | (1) | 105,526 | |||||||||||||||
Providence St Joseph Health Obligated Group | 2.746%, $1,350,000 par, due 10/1/2026 | (1) | 1,256,367 | |||||||||||||||
PSNH Funding LLC 3 | 3.506%, $900,000 par, due 8/1/2028 | (1) | 924,688 | |||||||||||||||
Public Service Electric & Gas Co | 2.375%, $2,060,000 par, due 5/15/2023 | (1) | 1,992,273 | |||||||||||||||
Realty Income Corp | 3.250%, $746,000 par, due 10/15/2022 | (1) | 738,731 | |||||||||||||||
Realty Income Corp | 4.650%, $810,000 par, due 8/1/2023 | (1) | 842,846 | |||||||||||||||
Reckitt Benckiser Treasury Services PLC | 2.750%, $1,280,000 par, due 6/26/2024 | (1) | 1,209,750 | |||||||||||||||
Regions Financial Corp | 3.800%, $1,100,000 par, due 8/14/2023 | (1) | 1,101,966 | |||||||||||||||
RELX Capital Inc. | 3.500%, $740,000 par, due 3/16/2023 | (1) | 734,133 | |||||||||||||||
RI State Std Ln Authority | 2.999%, $2,600,369 par, due 9/1/2036 | (1) | 2,596,339 | |||||||||||||||
Roche Holdings Inc. | 2.875%, $1,300,000 par, due 9/29/2021 | (1) | 1,292,212 | |||||||||||||||
Rockwell Automation Inc. | 2.050%, $1,900,000 par, due 3/1/2020 | (1) | 1,879,068 | |||||||||||||||
Rockwell Collins Inc. | 3.700%, $1,635,000 par, due 12/15/2023 | (1) | 1,628,125 | |||||||||||||||
Rogers Communications Inc. | 3.000%, $545,000 par, due 3/15/2023 | (1) | 534,832 | |||||||||||||||
Rogers Communications Inc. | 3.625%, $775,000 par, due 12/15/2025 | (1) | 755,603 | |||||||||||||||
Rolls-Royce PLC | 2.375%, $750,000 par, due 10/14/2020 | (1) | 737,815 | |||||||||||||||
Rolls-Royce PLC | 3.625%, $280,000 par, due 10/14/2025 | (1) | 268,316 | |||||||||||||||
Roper Technologies Inc. | 3.650%, $1,000,000 par, due 9/15/2023 | (1) | 1,000,725 | |||||||||||||||
Royal Bank of Canada | 2.100%, $1,225,000 par, due 10/14/2020 | (1) | 1,208,014 | |||||||||||||||
Royal Bank of Canada | 4.650%, $380,000 par, due 1/27/2026 | (1) | 391,175 | |||||||||||||||
Royal Bank of Canada | 3.700%, $2,840,000 par, due 10/5/2023 | (1) | 2,851,391 | |||||||||||||||
San Jose Redevelopment Agency Successor Agency | 3.375%, $1,530,000 par, due 8/1/2034 | (1) | 1,440,143 | |||||||||||||||
San Marcos Consolidated ISD | 3.163%, $835,000 par, due 8/1/2026 | (1) | 836,086 | |||||||||||||||
Sanofi | 3.375%, $1,550,000 par, due 6/19/2023 | (1) | 1,559,847 | |||||||||||||||
SBA Small Business Investment Cos | 3.191%, $1,264,634 par, due 3/10/2024 | (1) | 1,284,201 | |||||||||||||||
SBA Small Business Investment Cos | 3.015%, $1,265,386 par, due 9/10/2024 | (1) | 1,276,158 | |||||||||||||||
SBA Small Business Investment Cos | 2.517%, $3,073,097 par, due 3/10/2025 | (1) | 3,047,181 |
46(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
SBA Small Business Investment Cos | 2.829%, $1,434,470 par, due 9/10/2025 | (1) | $ | 1,436,158 | ||||||||||||||
SBA Small Business Investment Cos | 2.845%, $7,329,836 par, due 3/10/2027 | (1) | 7,331,529 | |||||||||||||||
SBA Small Business Investment Cos | 2.518%, $2,670,714 par, due 9/10/2027 | (1) | 2,622,024 | |||||||||||||||
SBA Small Business Investment Cos | 3.548%, $2,810,000 par, due 9/11/2028 | (1) | 2,889,804 | |||||||||||||||
SC State Std Ln Corp | 3.540%, $770,000 par, due 10/27/2036 | (1) | 776,175 | |||||||||||||||
SC State Std Ln Corp | 3.099%, $3,322,757 par, due 5/1/2030 | (1) | 3,331,203 | |||||||||||||||
Schlumberger Finance Canada Ltd | 2.650%, $620,000 par, due 11/20/2022 | (1) | 601,708 | |||||||||||||||
Seasoned Credit Risk Transfer Trust Series 2018-3 | 3.500%, $888,165 par, due 8/25/2057 | (1) | 890,422 | |||||||||||||||
Sempra Energy | 2.900%, $360,000 par, due 2/1/2023 | (1) | 349,812 | |||||||||||||||
Sequoia Union High School District | 5.932%, $1,000,000 par, due 7/1/2025 | (1) | 1,152,850 | |||||||||||||||
Shell International Finance BV | 3.250%, $395,000 par, due 5/11/2025 | (1) | 389,485 | |||||||||||||||
Shell International Finance BV | 3.500%, $1,640,000 par, due 11/13/2023 | (1) | 1,658,296 | |||||||||||||||
Sherwin-Williams Co/The | 3.450%, $860,000 par, due 6/1/2027 | (1) | 801,664 | |||||||||||||||
Sherwin-Williams Co/The | 3.300%, $911,000 par, due 2/1/2025 | (1) | 871,072 | |||||||||||||||
Shire Acquisitions Investments Ireland DAC | 2.400%, $750,000 par, due 9/23/2021 | (1) | 725,238 | |||||||||||||||
Siemens Financieringsmaatschappij NV | 2.900%, $550,000 par, due 5/27/2022 | (1) | 539,996 | |||||||||||||||
Siemens Financieringsmaatschappij NV | 1.700%, $1,970,000 par, due 9/15/2021 | (1) | 1,889,059 | |||||||||||||||
Simon Property Group LP | 3.375%, $1,000,000 par, due 10/1/2024 | (1) | 978,263 | |||||||||||||||
SLM Student Loan Trust 2006-1 | 2.600%, $1,400,194 par, due 7/26/2021 | (1) | 1,381,409 | |||||||||||||||
SMALL BUSINESS ADMINISTRATION | 2.130%, $798,767 par, due 1/1/2033 | (1) | 774,693 | |||||||||||||||
Southern California Edison Co | 2.400%, $570,000 par, due 2/1/2022 | (1) | 549,800 | |||||||||||||||
Stanley Black & Decker Inc. | 4.250%, $1,340,000 par, due 11/15/2028 | (1) | 1,378,380 | |||||||||||||||
State of Delaware | 4.550%, $1,000,000 par, due 7/1/2029 | (1) | 1,091,510 | |||||||||||||||
State of Florida | 4.900%, $1,000,000 par, due 6/1/2023 | (1) | 1,010,530 | |||||||||||||||
State of Oregon | 5.902%, $1,250,000 par, due 8/1/2038 | (1) | 1,531,825 | |||||||||||||||
State of Texas | 4.631%, $1,250,000 par, due 4/1/2033 | (1) | 1,360,613 | |||||||||||||||
State of Texas | 2.831%, $1,250,000 par, due 10/1/2025 | (1) | 1,235,775 | |||||||||||||||
State of Utah | 3.539%, $2,000,000 par, due 7/1/2025 | (1) | 2,047,920 | |||||||||||||||
State of Washington | 5.040%, $1,000,000 par, due 8/1/2031 | (1) | 1,113,590 | |||||||||||||||
State of Wisconsin | 2.049%, $1,000,000 par, due 5/1/2023 | (1) | 960,380 | |||||||||||||||
State Street Corp | 2.653%, $2,470,000 par, due 5/15/2023 | (1) | 2,405,847 | |||||||||||||||
State Street Corp | 3.776%, $490,000 par, due 12/3/2024 | (1) | 491,166 | |||||||||||||||
Sumitomo Mitsui Financial Group Inc. | 3.936%, $1,950,000 par, due 10/16/2023 | (1) | 1,984,279 | |||||||||||||||
SunTrust Banks Inc. | 2.900%, $380,000 par, due 3/3/2021 | (1) | 376,713 | |||||||||||||||
SunTrust Banks Inc. | 2.700%, $710,000 par, due 1/27/2022 | (1) | 692,454 | |||||||||||||||
SunTrust Banks Inc. | 4.000%, $390,000 par, due 5/1/2025 | (1) | 391,253 | |||||||||||||||
Sutter Health | 3.695%, $750,000 par, due 8/15/2028 | (1) | 752,056 | |||||||||||||||
Tagua Leasing LLC | 1.732%, $3,547,732 par, due 9/18/2024 | (1) | 3,442,194 | |||||||||||||||
Tayarra Ltd | 3.628%, $613,489 par, due 2/15/2022 | (1) | 621,520 | |||||||||||||||
Teva Pharmaceutical Finance Netherlands III BV | 1.700%, $202,000 par, due 7/19/2019 | (1) | 198,864 | |||||||||||||||
Teva Pharmaceutical Finance Netherlands III BV | 2.200%, $1,280,000 par, due 7/21/2021 | (1) | 1,176,591 | |||||||||||||||
Texas A&M University | 3.256%, $750,000 par, due 5/15/2029 | (1) | 731,843 | |||||||||||||||
Texas A&M University | 3.477%, $1,000,000 par, due 5/15/2031 | (1) | 986,370 | |||||||||||||||
Texas Transportation Commission State Highway Fund | 5.178%, $1,200,000 par, due 4/1/2030 | (1) | 1,363,092 | |||||||||||||||
Thermo Fisher Scientific Inc. | 3.300%, $436,000 par, due 2/15/2022 | (1) | 434,143 | |||||||||||||||
Thermo Fisher Scientific Inc. | 3.000%, $360,000 par, due 4/15/2023 | (1) | 350,240 | |||||||||||||||
Toronto-Dominion Bank/The | 1.950%, $1,000,000 par, due 4/2/2020 | (1) | 989,463 | |||||||||||||||
Toronto-Dominion Bank/The | 3.500%, $1,650,000 par, due 7/19/2023 | (1) | 1,661,359 | |||||||||||||||
Total Capital International SA | 2.700%, $340,000 par, due 1/25/2023 | (1) | 332,136 | |||||||||||||||
Total Capital International SA | 3.700%, $793,000 par, due 1/15/2024 | (1) | 808,748 | |||||||||||||||
Towd Point Mortgage Trust 2016-1 | 2.750%, $589,882 par, due 2/25/2055 | (1) | 581,755 | |||||||||||||||
Towd Point Mortgage Trust 2016-3 | 2.250%, $901,718 par, due 4/25/2056 | (1) | 881,017 | |||||||||||||||
Towd Point Mortgage Trust 2017-1 | 2.750%, $1,751,356 par, due 10/25/2056 | (1) | 1,713,183 | |||||||||||||||
Toyota Motor Credit Corp | 2.800%, $575,000 par, due 7/13/2022 | (1) | 567,419 | |||||||||||||||
Toyota Motor Credit Corp | 2.600%, $740,000 par, due 1/11/2022 | (1) | 728,222 | |||||||||||||||
Toyota Motor Credit Corp | 3.450%, $1,960,000 par, due 9/20/2023 | (1) | 1,963,269 | |||||||||||||||
Tyco Electronics Group SA | 3.500%, $1,530,000 par, due 2/3/2022 | (1) | 1,531,391 | |||||||||||||||
UBS AG/Stamford CT | 2.375%, $600,000 par, due 8/14/2019 | (1) | 597,568 | |||||||||||||||
UBS Group Funding Switzerland AG | 2.650%, $500,000 par, due 2/1/2022 | (1) | 483,938 | |||||||||||||||
UBS Group Funding Switzerland AG | 3.491%, $900,000 par, due 5/23/2023 | (1) | 877,709 | |||||||||||||||
UBS Group Funding Switzerland AG | 2.859%, $340,000 par, due 8/15/2023 | (1) | 327,007 | |||||||||||||||
UBS-Barclays Commercial Mortgage Trust 2012-C4 | 2.850%, $4,000,000 par, due 12/10/2045 | (1) | 3,954,752 | |||||||||||||||
UDR Inc. | 4.625%, $1,000,000 par, due 1/10/2022 | (1) | 1,027,034 | |||||||||||||||
UDR Inc. | 4.000%, $500,000 par, due 10/1/2025 | (1) | 498,448 | |||||||||||||||
Unilever Capital Corp | 2.600%, $1,500,000 par, due 5/5/2024 | (1) | 1,445,976 | |||||||||||||||
Unilever Capital Corp | 3.250%, $720,000 par, due 3/7/2024 | (1) | 715,431 | |||||||||||||||
Union Electric Co | 2.950%, $850,000 par, due 6/15/2027 | (1) | 811,720 | |||||||||||||||
Union Pacific Corp | 4.000%, $592,000 par, due 2/1/2021 | (1) | 601,630 | |||||||||||||||
Union Pacific Corp | 2.950%, $481,000 par, due 1/15/2023 | (1) | 472,062 | |||||||||||||||
Union Pacific Corp | 3.750%, $1,300,000 par, due 7/15/2025 | (1) | 1,312,336 | |||||||||||||||
Union Pacific Corp | 3.950%, $170,000 par, due 9/10/2028 | (1) | 169,768 | |||||||||||||||
United States Small Business Administration | 3.150%, $2,043,387 par, due 7/1/2033 | (1) | 2,088,143 | |||||||||||||||
United States Small Business Administration | 3.370%, $2,110,503 par, due 10/1/2033 | (1) | 2,155,119 | |||||||||||||||
United States Small Business Administration | 3.230%, $1,284,323 par, due 2/1/2034 | (1) | 1,306,388 |
47(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
United States Small Business Administration | 3.210%, $1,261,944 par, due 3/1/2034 | (1) | $ | 1,276,242 | ||||||||||||||
United States Small Business Administration | 2.810%, $692,899 par, due 12/1/2036 | (1) | 676,825 | |||||||||||||||
United States Small Business Administration | 2.800%, $1,839,777 par, due 1/1/2037 | (1) | 1,799,460 | |||||||||||||||
United States Small Business Administration | 2.840%, $3,311,871 par, due 4/1/2037 | (1) | 3,201,979 | |||||||||||||||
United States Small Business Administration | 2.810%, $3,827,266 par, due 6/1/2037 | (1) | 3,736,208 | |||||||||||||||
United States Small Business Administration | 2.980%, $1,475,822 par, due 7/1/2037 | (1) | 1,457,245 | |||||||||||||||
United States Small Business Administration | 2.850%, $1,603,066 par, due 10/1/2037 | (1) | 1,568,811 | |||||||||||||||
United States Small Business Administration | 5.340%, $46,454 par, due 11/1/2021 | (1) | 47,228 | |||||||||||||||
United States Small Business Administration | 5.540%, $146,442 par, due 9/1/2026 | (1) | 153,450 | |||||||||||||||
United States Small Business Administration | 5.310%, $438,073 par, due 5/1/2027 | (1) | 460,140 | |||||||||||||||
United States Small Business Administration | 5.680%, $277,114 par, due 6/1/2028 | (1) | 297,199 | |||||||||||||||
United States Small Business Administration | 5.600%, $563,283 par, due 9/1/2028 | (1) | 604,438 | |||||||||||||||
United States Small Business Administration | 5.630%, $686,414 par, due 10/1/2028 | (1) | 735,849 | |||||||||||||||
United States Small Business Administration | 5.720%, $1,579,710 par, due 1/1/2029 | (1) | 1,694,824 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.375%, $574,000 par, due 7/15/2027 | (1) | 562,930 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.625%, $581,000 par, due 1/15/2026 | (1) | 601,881 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.125%, $5,025,000 par, due 7/15/2026 | (1) | 4,977,079 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.750%, $1,751,000 par, due 7/15/2028 | (1) | 1,726,611 | |||||||||||||||
United States Treasury Note/Bond | 1.500%, $10,500,000 par, due 5/15/2020 | (1) | 10,350,701 | |||||||||||||||
United States Treasury Note/Bond | 2.375%, $1,375,000 par, due 3/15/2021 | (1) | 1,371,348 | |||||||||||||||
United States Treasury Note/Bond | 2.875%, $7,625,000 par, due 10/31/2020 | (1) | 7,672,656 | |||||||||||||||
United States Treasury Note/Bond | 3.125%, $22,403,000 par, due 11/15/2028 | (1) | 23,237,870 | |||||||||||||||
United States Treasury Note/Bond | 1.500%, $4,525,000 par, due 8/15/2026 | (1) | 4,174,312 | |||||||||||||||
United Technologies Corp | 2.800%, $1,030,000 par, due 5/4/2024 | (1) | 970,875 | |||||||||||||||
UnitedHealth Group Inc. | 3.350%, $1,300,000 par, due 7/15/2022 | (1) | 1,305,958 | |||||||||||||||
UnitedHealth Group Inc. | 2.125%, $380,000 par, due 3/15/2021 | (1) | 372,063 | |||||||||||||||
UnitedHealth Group Inc. | 3.500%, $1,080,000 par, due 6/15/2023 | (1) | 1,089,312 | |||||||||||||||
University of North Carolina at Chapel Hill | 3.327%, $500,000 par, due 12/1/2036 | (1) | 475,205 | |||||||||||||||
US Bank NA/Cincinnati OH | 2.800%, $540,000 par, due 1/27/2025 | (1) | 518,867 | |||||||||||||||
US Bank NA/Cincinnati OH | 2.050%, $1,100,000 par, due 10/23/2020 | (1) | 1,080,927 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.400%, $2,240,000 par, due 7/24/2023 | (1) | 2,235,401 | |||||||||||||||
USAA Capital Corp | 2.450%, $770,000 par, due 8/1/2020 | (1) | 762,603 | |||||||||||||||
USAA Capital Corp | 2.000%, $400,000 par, due 6/1/2021 | (1) | 388,798 | |||||||||||||||
Ventas Realty LP | 3.100%, $910,000 par, due 1/15/2023 | (1) | 887,344 | |||||||||||||||
Ventas Realty LP | 4.400%, $800,000 par, due 1/15/2029 | (1) | 796,003 | |||||||||||||||
Verizon Communications Inc. | 3.500%, $970,000 par, due 11/1/2024 | (1) | 956,689 | |||||||||||||||
Verizon Communications Inc. | 2.625%, $530,000 par, due 8/15/2026 | (1) | 480,514 | |||||||||||||||
Verizon Communications Inc. | 4.125%, $460,000 par, due 3/16/2027 | (1) | 460,355 | |||||||||||||||
Verizon Communications Inc. | 3.376%, $498,000 par, due 2/15/2025 | (1) | 483,264 | |||||||||||||||
Verizon Owner Trust 2016-1 | 1.420%, $1,281,505 par, due 1/20/2021 | (1) | 1,275,232 | |||||||||||||||
Verizon Owner Trust 2018-A | 3.230%, $2,280,000 par, due 4/20/2023 | (1) | 2,293,981 | |||||||||||||||
Vermont Std Asst Corp | 3.206%, $2,683,819 par, due 7/28/2034 | (1) | 2,690,556 | |||||||||||||||
Virginia Housing Development Authority | 3.100%, $665,728 par, due 6/25/2041 | (1) | 647,008 | |||||||||||||||
Visa Inc. | 2.800%, $560,000 par, due 12/14/2022 | (1) | 552,974 | |||||||||||||||
Vodafone Group PLC | 4.125%, $560,000 par, due 5/30/2025 | (1) | 553,219 | |||||||||||||||
Vornado Realty LP | 5.000%, $500,000 par, due 1/15/2022 | (1) | 515,968 | |||||||||||||||
Vornado Realty LP | 3.500%, $165,000 par, due 1/15/2025 | (1) | 159,055 | |||||||||||||||
Warner Media LLC | 3.400%, $500,000 par, due 6/15/2022 | (1) | 493,274 | |||||||||||||||
Warner Media LLC | 3.600%, $730,000 par, due 7/15/2025 | (1) | 691,399 | |||||||||||||||
WEC Energy Group Inc. | 2.450%, $1,175,000 par, due 6/15/2020 | (1) | 1,161,142 | |||||||||||||||
Welltower Inc. | 3.950%, $540,000 par, due 9/1/2023 | (1) | 541,346 | |||||||||||||||
West Haymarket Joint Public Agency | 5.400%, $1,250,000 par, due 12/15/2030 | (1) | 1,444,325 | |||||||||||||||
Westrock Co | 4.650%, $330,000 par, due 3/15/2026 | (1) | 335,043 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2013-C11 | 3.071%, $3,600,000 par, due 3/15/2045 | (1) | 3,573,104 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2013-C12 | 3.198%, $3,700,000 par, due 3/15/2048 | (1) | 3,685,211 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2013-UBS1 | 4.079%, $1,135,000 par, due 3/15/2046 | (1) | 1,172,824 | |||||||||||||||
World Omni Auto Recv Trust | 1.490%, $325,257 par, due 12/15/2020 | (1) | 324,737 | |||||||||||||||
WRKCo Inc. | 3.000%, $1,260,000 par, due 9/15/2024 | (1) | 1,186,988 | |||||||||||||||
* | Wells Fargo Short Term Investment Fund S | 2.538%, $13,820,073 par | (1) | 13,820,073 | ||||||||||||||
770,024,482 |
48(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Accrued income | $ | 4,652,185 | ||||||||||||||||
Payable for investment payments due | (3,612,413 | ) | ||||||||||||||||
Receivables for investment payments due | 2,009,401 | |||||||||||||||||
Adjustment from fair value to current value | 9,773,893 | |||||||||||||||||
Total | 782,847,548 | |||||||||||||||||
Prudential Insurance Company of America | 3.09% | |||||||||||||||||
Massachusetts Mutual Life Ins. Co. | 2.52% | |||||||||||||||||
ABBVIE INC | 4.250%, $940,000 par, due 11/14/2028 | (1) | 912,552 | |||||||||||||||
AEP TEXAS CENTRAL TRANS | 5.306%, $268,418 par, due 07/01/2021 | (1) | 272,759 | |||||||||||||||
AMAZON.COM INC | 2.800%, $475,000 par, due 08/22/2024 | (1) | 461,681 | |||||||||||||||
American Electric Power | 3.650%, $335,000 par, due 12/01/2021 | (1) | 337,516 | |||||||||||||||
American Express Credit | 1.640%, $560,000 par, due 12/15/2021 | (1) | 557,385 | |||||||||||||||
American Express | 2.500%, $950,000 par, due 08/01/2022 | (1) | 916,921 | |||||||||||||||
American International Group | 3.900%, $690,000 par, due 04/01/2026 | (1) | 663,828 | |||||||||||||||
American International Group | 4.750%, $485,000 par, due 04/01/2048 | (1) | 443,833 | |||||||||||||||
Amgen Incorporated | 3.875%, $1,040,000 par, due 11/15/2021 | (1) | 1,053,759 | |||||||||||||||
ANHEUSER-BUSCH CO/INBEV | 3.650%, $705,000 par, due 02/01/2026 | (1) | 666,613 | |||||||||||||||
ANHEUSER-BUSCH INBEV WOR | 4.600%, $670,000 par, due 04/15/2048 | (1) | 600,494 | |||||||||||||||
ANTHEM INC | 2.500%, $220,000 par, due 11/21/2020 | (1) | 216,979 | |||||||||||||||
Apple Inc. | 2.750%, $1,595,000 par, due 01/13/2025 | (1) | 1,537,995 | |||||||||||||||
ASTRAZENECA PLC | 3.500%, $550,000 par, due 08/17/2023 | (1) | 547,118 | |||||||||||||||
AT&T INC | 3.400%, $555,000 par, due 05/15/2025 | (1) | 522,616 | |||||||||||||||
AT&T INC | 3.950%, $415,000 par, due 01/15/2025 | (1) | 405,812 | |||||||||||||||
AT&T INC | 6.000%, $385,000 par, due 08/15/2040 | (1) | 388,962 | |||||||||||||||
BAE SYSTEMS PLC | 4.750%, $845,000 par, due 10/11/2021 | (1) | 872,446 | |||||||||||||||
BANK OF AMERICA CORP | 4.100%, $500,000 par, due 07/24/2023 | (1) | 506,785 | |||||||||||||||
Bank of America Funding Corp | 3.300%, $625,000 par, due 01/11/2023 | (1) | 615,538 | |||||||||||||||
Bank of America Funding Corp | 3.419%, $650,000 par, due 12/20/2028 | (1) | 607,198 | |||||||||||||||
Bank of America Funding Corp | 3.499%, $425,000 par, due 05/17/2022 | (1) | 425,064 | |||||||||||||||
Bank of America Funding Corp | 3.864%, $670,000 par, due 07/23/2024 | (1) | 668,405 | |||||||||||||||
Bank of America Funding Corp | 4.000%, $245,000 par, due 01/22/2025 | (1) | 238,667 | |||||||||||||||
Bank of America Funding Corp | 4.450%, $735,000 par, due 03/03/2026 | (1) | 726,621 | |||||||||||||||
Bank of Nova Scotia | 3.125%, $615,000 par, due 04/20/2021 | (1) | 614,028 | |||||||||||||||
BAYER US FINANCE | 4.875%, $410,000 par, due 06/25/2048 | (1) | 368,483 | |||||||||||||||
BB&T CORPORATION | 2.750%, $765,000 par, due 04/01/2022 | (1) | 752,041 | |||||||||||||||
BG ENERGY CAPITAL PLC | 4.000%, $595,000 par, due 10/15/2021 | (1) | 603,336 | |||||||||||||||
Biogen Idec Inc. | 3.625%, $135,000 par, due 09/15/2022 | (1) | 135,354 | |||||||||||||||
BP CAP MARKETS AMERICA | 3.216%, $925,000 par, due 11/28/2023 | (1) | 911,652 | |||||||||||||||
Capital One Auto Finance Trust | 2.000%, $345,000 par, due 01/17/2023 | (1) | 341,208 | |||||||||||||||
Capital One Financial Corp | 2.400%, $570,000 par, due 10/30/2020 | (1) | 558,041 | |||||||||||||||
CELGENE CORP | 3.875%, $250,000 par, due 08/15/2025 | (1) | 240,665 | |||||||||||||||
CHEVRON CORP | 2.895%, $500,000 par, due 03/03/2024 | (1) | 487,965 | |||||||||||||||
Citibank Credit Card Iss Trust | 1.920%, $1,965,000 par, due 04/07/2022 | (1) | 1,939,946 | |||||||||||||||
CITIBANK N | 2.100%, $760,000 par, due 06/12/2020 | (1) | 747,422 | |||||||||||||||
Citigroup Incorporated | 3.142%, $1,410,000 par, due 01/24/2023 | (1) | 1,384,973 | |||||||||||||||
Citigroup Incorporated | 3.200%, $275,000 par, due 10/21/2026 | (1) | 253,877 | |||||||||||||||
Citigroup Incorporated | 3.700%, $690,000 par, due 01/12/2026 | (1) | 663,407 | |||||||||||||||
Citigroup Incorporated | 4.600%, $905,000 par, due 03/09/2026 | (1) | 893,181 | |||||||||||||||
Comcast Corporation | 3.000%, $1,325,000 par, due 02/01/2024 | (1) | 1,291,796 | |||||||||||||||
Comcast Corporation | 3.950%, $915,000 par, due 10/15/2025 | (1) | 925,834 | |||||||||||||||
CREDIT SUISSE GROUP AG | 4.207%, $850,000 par, due 06/12/2024 | (1) | 847,799 | |||||||||||||||
CVS Health Corp | 4.000%, $825,000 par, due 12/05/2023 | (1) | 827,360 | |||||||||||||||
CVS Health Corp | 4.780%, $940,000 par, due 03/25/2038 | (1) | 900,764 | |||||||||||||||
DAIMLER FINANCE NA LLC | 2.300%, $210,000 par, due 01/06/2020 | (1) | 207,707 | |||||||||||||||
DAIMLER FINANCE NA LLC | 3.350%, $535,000 par, due 05/04/2021 | (1) | 533,379 | |||||||||||||||
Deutshe Telekom Int Fin | 2.820%, $545,000 par, due 01/19/2022 | (1) | 532,738 | |||||||||||||||
Discover Card Master Trust | 3.320%, $475,000 par, due 03/15/2024 | (1) | 480,786 | |||||||||||||||
Dominion Resources Inc. | 2.750%, $465,000 par, due 01/15/2022 | (1) | 452,933 | |||||||||||||||
Dow Chemical | 3.000%, $255,000 par, due 11/15/2022 | (1) | 247,347 | |||||||||||||||
DOWDUPONT INC | 4.493%, $1,580,000 par, due 11/15/2025 | (1) | 1,626,736 | |||||||||||||||
DTE Energy Company | 3.850%, $950,000 par, due 12/01/2023 | (1) | 952,584 | |||||||||||||||
DUKE ENERGY CAROLINAS | 4.300%, $500,000 par, due 06/15/2020 | (1) | 509,695 | |||||||||||||||
DUKE ENERGY FLORIDA LLC | 3.200%, $475,000 par, due 01/15/2027 | (1) | 459,601 | |||||||||||||||
Eastman Chemical | 2.700%, $43,000 par, due 01/15/2020 | (1) | 42,683 | |||||||||||||||
EDISON INTERNATIONAL | 2.400%, $415,000 par, due 09/15/2022 | (1) | 391,337 | |||||||||||||||
EMD FINANCE | 2.400%, $1,025,000 par, due 03/19/2020 | (1) | 1,014,566 | |||||||||||||||
EVERSOURCE ENERGY | 2.750%, $1,110,000 par, due 03/15/2022 | (1) | 1,090,742 | |||||||||||||||
Exelon Corporation | 3.950%, $1,050,000 par, due 06/15/2025 | (1) | 1,036,371 | |||||||||||||||
Exelon Generation Co. LLC | 2.950%, $730,000 par, due 01/15/2020 | (1) | 726,489 | |||||||||||||||
Federal Express Corporation | 4.050%, $165,000 par, due 02/15/2048 | (1) | 138,212 | |||||||||||||||
FORD CREDIT AUTO OWNER TRUST | 2.120%, $3,005,000 par, due 07/15/2026 | (1) | 2,974,259 | |||||||||||||||
FORD CREDIT FLOORPLAN MASTER O | 1.550%, $510,000 par, due 07/15/2021 | (1) | 506,053 | |||||||||||||||
FORD CREDIT FLOORPLAN MASTER O | 1.950%, $290,000 par, due 11/15/2021 | (1) | 286,909 | |||||||||||||||
GM Financial Securitized Term | 2.740%, $715,000 par, due 07/16/2021 | (1) | 713,763 |
49(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
GOLDMAN SACHS GROUP INC | 2.350%, $980,000 par, due 11/15/2021 | (1) | $ | 944,926 | ||||||||||||||
Goldman Sachs Group Inc. | 2.905%, $2,200,000 par, due 07/24/2023 | (1) | 2,095,676 | |||||||||||||||
Goldman Sachs Group Inc. | 4.000%, $215,000 par, due 03/03/2024 | (1) | 212,156 | |||||||||||||||
Goldman Sachs Group Inc. | 5.750%, $995,000 par, due 01/24/2022 | (1) | 1,041,795 | |||||||||||||||
Goldman Sachs Group Inc. | 3.750%, $945,000 par, due 02/25/2026 | (1) | 893,639 | |||||||||||||||
GUARDIAN LIFE GLOB FUND | 1.950%, $560,000 par, due 10/27/2021 | (1) | 540,613 | |||||||||||||||
HSBC Holdings PLC | 3.600%, $1,720,000 par, due 05/25/2023 | (1) | 1,710,179 | |||||||||||||||
HSBC Holdings PLC | 4.000%, $600,000 par, due 03/30/2022 | (1) | 607,818 | |||||||||||||||
HSBC Holdings PLC | 4.300%, $200,000 par, due 03/08/2026 | (1) | 197,284 | |||||||||||||||
HSBC Holdings PLC | 4.583%, $755,000 par, due 06/19/2029 | (1) | 748,386 | |||||||||||||||
Humana Incorporated | 2.625%, $585,000 par, due 10/01/2019 | (1) | 582,046 | |||||||||||||||
Hyundai Auto Receivables Trust | 1.480%, $42,763 par, due 02/18/2020 | (1) | 42,734 | |||||||||||||||
Hyundai Auto Receivables Trust | 3.040%, $215,000 par, due 06/15/2021 | (1) | 215,271 | |||||||||||||||
JP Morgan Chase & Company | 2.700%, $300,000 par, due 05/18/2023 | (1) | 288,159 | |||||||||||||||
JP Morgan Chase & Company | 3.900%, $1,680,000 par, due 07/15/2025 | (1) | 1,664,762 | |||||||||||||||
JPMORGAN CHASE & CO | 2.776%, $1,570,000 par, due 04/25/2023 | (1) | 1,522,351 | |||||||||||||||
JPMORGAN CHASE & CO | 3.797%, $720,000 par, due 07/23/2024 | (1) | 721,303 | |||||||||||||||
JPMORGAN CHASE & CO | 4.023%, $645,000 par, due 12/05/2024 | (1) | 650,134 | |||||||||||||||
Key Bank NA | 2.300%, $740,000 par, due 09/14/2022 | (1) | 712,398 | |||||||||||||||
Key Bank NA | 3.350%, $350,000 par, due 06/15/2021 | (1) | 351,092 | |||||||||||||||
Key Corp | 5.100%, $735,000 par, due 03/24/2021 | (1) | 762,305 | |||||||||||||||
Kinder Morgan Energy Partners | 3.500%, $500,000 par, due 03/01/2021 | (1) | 498,460 | |||||||||||||||
KINDER MORGAN INC/DELAWA | 4.300%, $140,000 par, due 06/01/2025 | (1) | 138,895 | |||||||||||||||
KINDER MORGAN INC/DELAWA | 5.200%, $570,000 par, due 03/01/2048 | (1) | 544,128 | |||||||||||||||
KINDER MORGAN INC/DELAWA | 5.550%, $65,000 par, due 06/01/2045 | (1) | 64,374 | |||||||||||||||
KRAFT FOODS GROUP INC | 3.500%, $285,000 par, due 06/06/2022 | (1) | 282,124 | |||||||||||||||
KRAFT HEINZ FOODS CO | 4.000%, $1,015,000 par, due 06/15/2023 | (1) | 1,012,341 | |||||||||||||||
Lockheed Martin Corporation | 3.350%, $1,095,000 par, due 09/15/2021 | (1) | 1,102,271 | |||||||||||||||
MAPLE ESCROW SUB | 4.417%, $750,000 par, due 05/25/2025 | (1) | 746,528 | |||||||||||||||
Mass Mutual Global Funding | 1.950%, $920,000 par, due 09/22/2020 | (1) | 901,637 | |||||||||||||||
McDonald's Corporation | 4.450%, $475,000 par, due 03/01/2047 | (1) | 454,148 | |||||||||||||||
MET LIFE GLOB FUNDING I | 2.400%, $1,325,000 par, due 01/08/2021 | (1) | 1,304,820 | |||||||||||||||
Microsoft Corp | 2.000%, $355,000 par, due 08/08/2023 | (1) | 341,318 | |||||||||||||||
MONDELEZ INTL HLDINGS NE | 1.625%, $1,590,000 par, due 10/28/2019 | (1) | 1,567,867 | |||||||||||||||
Morgan Stanley | 2.500%, $1,685,000 par, due 04/21/2021 | (1) | 1,649,278 | |||||||||||||||
Morgan Stanley | 2.625%, $1,010,000 par, due 11/17/2021 | (1) | 985,790 | |||||||||||||||
MORGAN STANLEY | 3.125%, $1,210,000 par, due 07/27/2026 | (1) | 1,118,802 | |||||||||||||||
MORGAN STANLEY | 3.125%, $975,000 par, due 01/23/2023 | (1) | 952,517 | |||||||||||||||
Morgan Stanley | 7.300%, $535,000 par, due 05/13/2019 | (1) | 543,121 | |||||||||||||||
Motiva Enterprises LLC | 5.750% $210,000 par, due 01/15/2020 | (1) | 213,681 | |||||||||||||||
NESTLE HOLDINGS INC | 3.350%, $1,530,000 par, due 09/24/2023 | (1) | 1,545,147 | |||||||||||||||
New York Life Global Funding | 2.900%, $1,670,000 par, due 01/17/2024 | (1) | 1,625,895 | |||||||||||||||
NORTHROP GRUMMAN CORP | 2.080%, $650,000 par, due 10/15/2020 | (1) | 637,455 | |||||||||||||||
PHILIP MORRIS INTL INC | 1.875%, $765,000 par, due 11/01/2019 | (1) | 755,797 | |||||||||||||||
PHILIP MORRIS INTL INC | 2.000%, $230,000 par, due 02/21/2020 | (1) | 227,130 | |||||||||||||||
PNC Bank NA | 2.550%, $645,000 par, due 12/09/2021 | (1) | 629,256 | |||||||||||||||
PUBLIC SERVICE ENTERPRIS | 2.650%, $745,000 par, due 11/15/2022 | (1) | 720,400 | |||||||||||||||
Reckitt Benckiser TSY | 2.750%, $1,605,000 par, due 06/26/2024 | (1) | 1,516,918 | |||||||||||||||
REPUBLIC SERVICES INC | 3.950%, $760,000 par, due 05/15/2028 | (1) | 760,494 | |||||||||||||||
ROYAL BANK OF CANADA | 2.750%, $1,240,000 par, due 02/01/2022 | (1) | 1,220,160 | |||||||||||||||
Sempra Energy | 1.625%, $215,000 par, due 10/07/2019 | (1) | 212,029 | |||||||||||||||
Sempra Energy | 2.400%, $1,005,000 par, due 03/15/2020 | (1) | 990,880 | |||||||||||||||
SIEMENS FINANCIERINGSMAT | 2.900%, $415,000 par, due 05/27/2022 | (1) | 407,451 | |||||||||||||||
Simon Property Group LP | 2.750%, $1,000,000 par, due 06/01/2023 | (1) | 969,040 | |||||||||||||||
SOUTHERN CO | 2.950%, $920,000 par, due 07/01/2023 | (1) | 888,444 | |||||||||||||||
STATOIL ASA | 3.700%, $265,000 par, due 03/01/2024 | (1) | 269,942 | |||||||||||||||
Sysco Corporation | 3.550%, $1,090,000 par, due 03/15/2025 | (1) | 1,073,378 | |||||||||||||||
Time Warner Incorporated | 3.550%, $1,060,000 par, due 06/01/2024 | (1) | 1,022,540 | |||||||||||||||
TOYOTA MOTOR CREDIT CORP | 2.600%, $775,000 par, due 01/11/2022 | (1) | 762,662 | |||||||||||||||
TOYOTA MOTOR CREDIT CORP | 2.950%, $620,000 par, due 04/13/2021 | (1) | 620,093 | |||||||||||||||
Trans- Canada Pipelines | 4.625%, $315,000 par, due 03/01/2034 | (1) | 301,105 | |||||||||||||||
Union Pacific Corporation | 3.950%, $610,000 par, due 09/10/2028 | (1) | 609,170 | |||||||||||||||
United States Treasury | 1.375%, $3,150,000 par, due 09/30/2020 | (1) | 3,088,103 | |||||||||||||||
United States Treasury | 1.375%, $4,025,000 par, due 04/30/2020 | (1) | 3,963,377 | |||||||||||||||
United States Treasury | 1.375%, $49,815,000 par, due 08/31/2020 | (1) | 48,880,471 | |||||||||||||||
United States Treasury | 1.500%, $1,960,000 par, due 07/15/2020 | (1) | 1,929,385 | |||||||||||||||
United States Treasury | 1.500%, $16,205,000 par, due 05/31/2020 | (1) | 15,966,949 | |||||||||||||||
United States Treasury | 1.500%, $16,295,000 par, due 06/15/2020 | (1) | 16,052,530 | |||||||||||||||
United States Treasury | 1.500%, $6,995,000 par, due 05/15/2020 | (1) | 6,895,601 | |||||||||||||||
United States Treasury | 1.625%, $16,400,000 par, due 07/31/2020 | (1) | 16,167,940 | |||||||||||||||
United States Treasury | 1.625%, $2,900,000 par, due 12/31/2019 | (1) | 2,871,406 | |||||||||||||||
United States Treasury | 1.625%, $6,555,000 par, due 10/15/2020 | (1) | 6,453,135 | |||||||||||||||
United States Treasury | 2.000%, $2,300,000 par, due 02/15/2025 | (1) | 2,225,273 | |||||||||||||||
United States Treasury | 2.125%, $1,815,000 par, due 08/31/2020 | (1) | 1,802,803 |
50(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
United States Treasury | 2.250%, $1,405,000 par, due 08/15/2046 | (1) | $ | 1,200,601 | ||||||||||||||
United States Treasury | 2.250%, $3,010,000 par, due 03/31/2020 | (1) | 2,997,960 | |||||||||||||||
United States Treasury | 2.375%, $6,595,000 par, due 04/30/2020 | (1) | 6,578,447 | |||||||||||||||
United States Treasury | 2.500%, $18,080,000 par, due 06/30/2020 | (1) | 18,066,078 | |||||||||||||||
United States Treasury | 2.500%, $2,400,000 par, due 02/15/2045 | (1) | 2,173,992 | |||||||||||||||
United States Treasury | 2.500%, $20,500,000 par, due 05/31/2020 | (1) | 20,482,575 | |||||||||||||||
United States Treasury | 2.500%, $4,965,000 par, due 02/15/2046 | (1) | 4,482,352 | |||||||||||||||
United States Treasury | 2.500%, $8,625,000 par, due 05/15/2046 | (1) | 7,778,629 | |||||||||||||||
United States Treasury | 2.750%, $10,340,000 par, due 08/15/2021 | (1) | 10,410,726 | |||||||||||||||
United States Treasury | 2.750%, $2,365,000 par, due 11/15/2042 | (1) | 2,261,035 | |||||||||||||||
United States Treasury | 3.000%, $855,000 par, due 08/15/2048 | (1) | 851,050 | |||||||||||||||
United States Treasury | 3.125%, $1,670,000 par, due 05/15/2048 | (1) | 1,701,747 | |||||||||||||||
United Technology Corp | 1.950%, $210,000 par, due 11/01/2021 | (1) | 201,590 | |||||||||||||||
United Technology Corp | 3.950%, $460,000 par, due 08/16/2025 | (1) | 456,440 | |||||||||||||||
UnitedHealth Group Inc. | 4.625%, $180,000 par, due 07/15/2035 | (1) | 190,798 | |||||||||||||||
US Bancorp | 2.625%, $1,130,000 par, due 01/24/2022 | (1) | 1,112,835 | |||||||||||||||
VERIZON COMMUNICATIONS | 4.500%, $1,405,000 par, due 08/10/2033 | (1) | 1,386,861 | |||||||||||||||
Verizon Owner Trust | 1.420%, $621,037 par, due 01/20/2021 | (1) | 618,000 | |||||||||||||||
Verizon Owner Trust | 1.680%, $2,430,362 par, due 05/20/2021 | (1) | 2,416,484 | |||||||||||||||
VERIZON OWNER TRUST | 1.920%, $695,000 par, due 12/20/2021 | (1) | 687,883 | |||||||||||||||
Verizon Owner Trust | 2.060%, $650,000 par, due 09/20/2021 | (1) | 645,151 | |||||||||||||||
Vodafone Group PLC | 5.250%, $685,000 par, due 05/30/2048 | (1) | 643,105 | |||||||||||||||
WISCONSIN PUBLIC SERVICE | 3.350%, $295,000 par, due 11/21/2021 | (1) | 297,879 | |||||||||||||||
* | Wells Fargo-Black Rock Investment Fund | 2.540%, $3,159,442 par | (1) | 3,159,442 | ||||||||||||||
311,572,708 | ||||||||||||||||||
Accrued income | 1,683,648 | |||||||||||||||||
Variation margin payable | 114,416 | |||||||||||||||||
Payable for investment payments due | (2,872,167 | ) | ||||||||||||||||
Adjustment from fair value to current value | 1,200,576 | |||||||||||||||||
Total | 311,699,181 | |||||||||||||||||
Royal Bank of Canada | 2.55% | |||||||||||||||||
ABB Finance USA Inc. | 3.375%, $520,000 par, due 4/3/2023 | (1) | 519,440 | |||||||||||||||
AbbVie Inc. | 3.375%, $270,000 par, due 11/14/2021 | (1) | 269,746 | |||||||||||||||
AEP Texas Inc. | 2.400%, $340,000 par, due 10/1/2022 | (1) | 329,714 | |||||||||||||||
AIG Global Funding | 2.700%, $1,000,000 par, due 12/15/2021 | (1) | 976,316 | |||||||||||||||
Air Liquide Finance SA | 1.750%, $430,000 par, due 9/27/2021 | (1) | 411,631 | |||||||||||||||
Alexandria Real Estate Equities Inc. | 4.000%, $250,000 par, due 1/15/2024 | (1) | 252,875 | |||||||||||||||
Alliant Energy Finance LLC | 3.750%, $370,000 par, due 6/15/2023 | (1) | 372,283 | |||||||||||||||
Amal Ltd/Cayman Islands | 3.465%, $1,060,622 par, due 8/21/2021 | (1) | 1,070,814 | |||||||||||||||
American Express Co | 3.700%, $320,000 par, due 11/5/2021 | (1) | 322,875 | |||||||||||||||
American Express Co | 3.375%, $270,000 par, due 5/17/2021 | (1) | 270,429 | |||||||||||||||
American Express Co | 3.400%, $790,000 par, due 2/27/2023 | (1) | 782,648 | |||||||||||||||
American Express Credit Account Master Trust | 3.060%, $1,525,000 par, due 2/15/2024 | (1) | 1,530,466 | |||||||||||||||
American Express Credit Account Master Trust | 2.040%, $390,000 par, due 5/15/2023 | (1) | 383,986 | |||||||||||||||
American Express Credit Account Master Trust | 3.180%, $940,000 par, due 4/15/2024 | (1) | 947,539 | |||||||||||||||
American Express Credit Corp | 2.375%, $500,000 par, due 5/26/2020 | (1) | 494,757 | |||||||||||||||
American Express Credit Corp | 1.700%, $310,000 par, due 10/30/2019 | (1) | 306,583 | |||||||||||||||
American Honda Finance Corp | 2.450%, $710,000 par, due 9/24/2020 | (1) | 701,486 | |||||||||||||||
American Honda Finance Corp | 3.450%, $610,000 par, due 7/14/2023 | (1) | 610,174 | |||||||||||||||
American Honda Finance Corp | 2.000%, $1,100,000 par, due 2/14/2020 | (1) | 1,087,175 | |||||||||||||||
AmEx Credit Trust | 1.930%, $2,205,000 par, due 9/15/2022 | (1) | 2,178,921 | |||||||||||||||
Amphenol Corp | 2.200%, $530,000 par, due 4/1/2020 | (1) | 522,157 | |||||||||||||||
Amphenol Corp | 3.200%, $130,000 par, due 4/1/2024 | (1) | 126,053 | |||||||||||||||
Analog Devices Inc. | 2.950%, $670,000 par, due 1/12/2021 | (1) | 664,123 | |||||||||||||||
Anheuser-Busch InBev Finance Inc. | 3.300%, $1,300,000 par, due 2/1/2023 | (1) | 1,264,054 | |||||||||||||||
Anheuser-Busch InBev Worldwide Inc. | 2.500%, $140,000 par, due 7/15/2022 | (1) | 133,671 | |||||||||||||||
Anheuser-Busch InBev Worldwide Inc. | 3.500%, $170,000 par, due 1/12/2024 | (1) | 166,285 | |||||||||||||||
Apple Inc. | 2.500%, $1,310,000 par, due 2/9/2022 | (1) | 1,289,335 | |||||||||||||||
ARI Fleet Lease Trust 2018-B | 3.220%, $1,160,000 par, due 8/16/2027 | (1) | 1,163,224 | |||||||||||||||
AT&T Inc. | 2.450%, $400,000 par, due 6/30/2020 | (1) | 394,795 | |||||||||||||||
AT&T Inc. | 3.956%, $320,000 par, due 6/12/2024 | (1) | 310,397 | |||||||||||||||
AT&T Inc. | 3.200%, $380,000 par, due 3/1/2022 | (1) | 374,853 | |||||||||||||||
AvalonBay Communities Inc. | 2.950%, $586,000 par, due 9/15/2022 | (1) | 577,044 | |||||||||||||||
BA Credit Card Trust | 1.950%, $2,600,000 par, due 8/15/2022 | (1) | 2,568,969 | |||||||||||||||
BAE Systems PLC | 4.750%, $700,000 par, due 10/11/2021 | (1) | 722,733 | |||||||||||||||
Baker Hughes a GE Co LLC | 2.773%, $250,000 par, due 12/15/2022 | (1) | 239,849 | |||||||||||||||
Bank of America Corp | 3.300%, $900,000 par, due 1/11/2023 | (1) | 886,373 | |||||||||||||||
Bank of America Corp | 2.625%, $810,000 par, due 4/19/2021 | (1) | 798,983 | |||||||||||||||
Bank of America Corp | 3.124%, $550,000 par, due 1/20/2023 | (1) | 540,744 | |||||||||||||||
Bank of America Corp | 2.881%, $1,150,000 par, due 4/24/2023 | (1) | 1,118,482 | |||||||||||||||
Bank of America Corp | 3.864%, $350,000 par, due 7/23/2024 | (1) | 349,166 | |||||||||||||||
Bank of Montreal | 1.500%, $500,000 par, due 7/18/2019 | (1) | 496,244 | |||||||||||||||
Bank of Montreal | 1.900%, $520,000 par, due 8/27/2021 | (1) | 502,236 | |||||||||||||||
Bank of Montreal | 2.500%, $1,050,000 par, due 1/11/2022 | (1) | 1,037,378 |
51(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Bank of New York Mellon Corp/The | 2.600%, $1,145,000 par, due 2/7/2022 | (1) | $ | 1,124,732 | ||||||||||||||
Bank of New York Mellon Corp/The | 3.450%, $450,000 par, due 8/11/2023 | (1) | 451,470 | |||||||||||||||
Bank of Nova Scotia/The | 3.125%, $420,000 par, due 4/20/2021 | (1) | 419,338 | |||||||||||||||
Bank of Nova Scotia/The | 1.875%, $1,900,000 par, due 4/26/2021 | (1) | 1,855,130 | |||||||||||||||
Bayer US Finance II LLC | 3.875%, $1,010,000 par, due 12/15/2023 | (1) | 991,677 | |||||||||||||||
BB&T Corp | 2.150%, $435,000 par, due 2/1/2021 | (1) | 425,846 | |||||||||||||||
Becton Dickinson and Co | 2.675%, $549,000 par, due 12/15/2019 | (1) | 543,780 | |||||||||||||||
BMW US Capital LLC | 2.700%, $300,000 par, due 4/6/2022 | (1) | 291,378 | |||||||||||||||
BMW US Capital LLC | 1.500%, $383,000 par, due 4/11/2019 | (1) | 381,525 | |||||||||||||||
BMW US Capital LLC | 3.100%, $350,000 par, due 4/12/2021 | (1) | 346,636 | |||||||||||||||
BMW US Capital LLC | 3.400%, $170,000 par, due 8/13/2021 | (1) | 169,296 | |||||||||||||||
BNP Paribas SA | 4.400%, $540,000 par, due 8/14/2028 | (1) | 527,062 | |||||||||||||||
Boston Properties LP | 4.125%, $820,000 par, due 5/15/2021 | (1) | 831,111 | |||||||||||||||
Boston Properties LP | 3.125%, $300,000 par, due 9/1/2023 | (1) | 289,830 | |||||||||||||||
BP Capital Markets America Inc. | 3.790%, $250,000 par, due 2/6/2024 | (1) | 252,697 | |||||||||||||||
BP Capital Markets America Inc. | 3.245%, $600,000 par, due 5/6/2022 | (1) | 594,798 | |||||||||||||||
BP Capital Markets America Inc. | 2.750%, $500,000 par, due 5/10/2023 | (1) | 485,504 | |||||||||||||||
BP Capital Markets America Inc. | 3.224%, $520,000 par, due 4/14/2024 | (1) | 509,116 | |||||||||||||||
BP Capital Markets America Inc. | 2.520%, $80,000 par, due 9/19/2022 | (1) | 77,365 | |||||||||||||||
BP Capital Markets PLC | 1.676%, $240,000 par, due 5/3/2019 | (1) | 238,837 | |||||||||||||||
Branch Banking & Trust Co | 2.625%, $700,000 par, due 1/15/2022 | (1) | 686,974 | |||||||||||||||
Brazos Student Finance Corp | 2.623%, $51,954 par, due 6/25/2027 | (1) | 51,902 | |||||||||||||||
Brown-Forman Corp | 3.500%, $340,000 par, due 4/15/2025 | (1) | 338,557 | |||||||||||||||
Burlington Northern Santa Fe LLC | 3.050%, $550,000 par, due 9/1/2022 | (1) | 545,977 | |||||||||||||||
Burlington Northern Santa Fe LLC | 3.400%, $340,000 par, due 9/1/2024 | (1) | 340,403 | |||||||||||||||
Byron Center Public Schools | 2.546%, $750,000 par, due 5/1/2024 | (1) | 735,023 | |||||||||||||||
CA Dept of Water Resources | 2.000%, $1,000,000 par, due 5/1/2022 | (1) | 971,260 | |||||||||||||||
Capital Auto Receivables Asset Trust 2018-1 | 2.790%, $1,050,000 par, due 1/20/2022 | (1) | 1,047,313 | |||||||||||||||
Capital One Financial Corp | 3.450%, $1,010,000 par, due 4/30/2021 | (1) | 1,009,525 | |||||||||||||||
Capital One MultAsset Tr | 2.000%, $2,630,000 par, due 1/17/2023 | (1) | 2,601,083 | |||||||||||||||
Capital One NA | 1.850%, $330,000 par, due 9/13/2019 | (1) | 326,387 | |||||||||||||||
Capital One NA | 2.650%, $565,000 par, due 8/8/2022 | (1) | 542,572 | |||||||||||||||
Cardinal Health Inc. | 2.616%, $850,000 par, due 6/15/2022 | (1) | 818,835 | |||||||||||||||
Cargill Inc. | 3.250%, $1,000,000 par, due 11/15/2021 | (1) | 999,729 | |||||||||||||||
Cargill Inc. | 3.300%, $865,000 par, due 3/1/2022 | (1) | 864,141 | |||||||||||||||
Caterpillar Financial Services Corp | 1.700%, $181,000 par, due 8/9/2021 | (1) | 173,741 | |||||||||||||||
Caterpillar Financial Services Corp | 2.550%, $220,000 par, due 11/29/2022 | (1) | 213,690 | |||||||||||||||
Caterpillar Financial Services Corp | 3.650%, $580,000 par, due 12/7/2023 | (1) | 587,008 | |||||||||||||||
Charles Schwab Corp/The | 3.250%, $680,000 par, due 5/21/2021 | (1) | 683,318 | |||||||||||||||
Chevron Phillips Chemical Co LLC | 3.300%, $380,000 par, due 5/1/2023 | (1) | 375,884 | |||||||||||||||
CHRISTUS Health | 4.341%, $495,000 par, due 7/1/2028 | (1) | 505,131 | |||||||||||||||
Chubb INA Holdings Inc. | 2.300%, $290,000 par, due 11/3/2020 | (1) | 285,853 | |||||||||||||||
Cigna Corp | 3.750%, $380,000 par, due 7/15/2023 | (1) | 378,735 | |||||||||||||||
Cintas Corp No 2 | 4.300%, $800,000 par, due 6/1/2021 | (1) | 820,882 | |||||||||||||||
Cintas Corp No 2 | 2.900%, $420,000 par, due 4/1/2022 | (1) | 413,131 | |||||||||||||||
Cintas Corp No 2 | 3.700%, $400,000 par, due 4/1/2027 | (1) | 390,664 | |||||||||||||||
Citibank Credit Card Issuance Trust | 1.920%, $2,650,000 par, due 4/7/2022 | (1) | 2,616,199 | |||||||||||||||
Citibank NA | 2.100%, $530,000 par, due 6/12/2020 | (1) | 521,227 | |||||||||||||||
Citibank NA | 3.400%, $620,000 par, due 7/23/2021 | (1) | 620,788 | |||||||||||||||
Citigroup Commercial Mortgage Trust 2012-GC8 | 2.608%, $1,124,461 par, due 9/10/2045 | (1) | 1,115,273 | |||||||||||||||
Citigroup Commercial Mortgage Trust 2014-GC19 | 3.552%, $1,900,000 par, due 3/10/2047 | (1) | 1,921,272 | |||||||||||||||
Citigroup Inc. | 4.500%, $650,000 par, due 1/14/2022 | (1) | 664,127 | |||||||||||||||
Citigroup Inc. | 2.700%, $700,000 par, due 3/30/2021 | (1) | 689,605 | |||||||||||||||
Citigroup Inc. | 4.044%, $955,000 par, due 6/1/2024 | (1) | 957,679 | |||||||||||||||
Citizens Bank NA/Providence RI | 2.550%, $250,000 par, due 5/13/2021 | (1) | 244,520 | |||||||||||||||
Citizens Bank NA/Providence RI | 3.700%, $510,000 par, due 3/29/2023 | (1) | 512,525 | |||||||||||||||
CNH Equipment Trust 2015-C | 1.660%, $370,665 par, due 11/16/2020 | (1) | 369,322 | |||||||||||||||
Comcast Corp | 3.000%, $660,000 par, due 2/1/2024 | (1) | 643,460 | |||||||||||||||
Comcast Corp | 3.700%, $690,000 par, due 4/15/2024 | (1) | 694,212 | |||||||||||||||
Comerica Inc. | 3.700%, $725,000 par, due 7/31/2023 | (1) | 724,597 | |||||||||||||||
COMM 2012-CCRE3 Mortgage Trust | 2.372%, $1,533,912 par, due 10/15/2045 | (1) | 1,516,027 | |||||||||||||||
Comm 2013-CCRE13 Mortgage Trust | 4.194%, $1,800,000 par, due 11/10/2046 | (1) | 1,870,614 | |||||||||||||||
COMM 2013-CCRE7 Mortgage Trust | 3.213%, $1,300,200 par, due 3/10/2046 | (1) | 1,298,788 | |||||||||||||||
COMM 2013-LC6 Mortgage Trust | 2.941%, $950,000 par, due 1/10/2046 | (1) | 940,185 | |||||||||||||||
Commonwealth Edison Co | 3.400%, $1,300,000 par, due 9/1/2021 | (1) | 1,307,012 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 2.500%, $380,000 par, due 1/19/2021 | (1) | 373,408 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 3.244%, $430,000 par, due 1/10/2022 | (1) | 427,986 | |||||||||||||||
Cooperatieve Rabobank UA/NY | 2.750%, $590,000 par, due 1/10/2023 | (1) | 570,836 | |||||||||||||||
Core Industrial Trust 2015-CALW | 3.040%, $1,802,476 par, due 2/10/2034 | (1) | 1,796,616 | |||||||||||||||
Credit Suisse Group AG | 3.574%, $380,000 par, due 1/9/2023 | (1) | 370,702 | |||||||||||||||
Credit Suisse Group AG | 2.997%, $720,000 par, due 12/14/2023 | (1) | 685,143 | |||||||||||||||
Credit Suisse Group AG | 4.207%, $420,000 par, due 6/12/2024 | (1) | 418,913 | |||||||||||||||
CVS Health Corp | 2.800%, $930,000 par, due 7/20/2020 | (1) | 921,609 | |||||||||||||||
CVS Health Corp | 4.100%, $780,000 par, due 3/25/2025 | (1) | 772,217 |
52(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Daimler Finance North America LLC | 2.000%, $450,000 par, due 7/6/2021 | (1) | $ | 432,970 | ||||||||||||||
Daimler Finance North America LLC | 2.200%, $270,000 par, due 10/30/2021 | (1) | 260,390 | |||||||||||||||
Daimler Finance North America LLC | 2.200%, $210,000 par, due 5/5/2020 | (1) | 206,559 | |||||||||||||||
Daimler Finance North America LLC | 3.000%, $285,000 par, due 2/22/2021 | (1) | 281,913 | |||||||||||||||
Daimler Finance North America LLC | 3.350%, $250,000 par, due 2/22/2023 | (1) | 246,590 | |||||||||||||||
Danone SA | 1.691%, $990,000 par, due 10/30/2019 | (1) | 976,380 | |||||||||||||||
Diageo Capital PLC | 3.500%, $450,000 par, due 9/18/2023 | (1) | 451,299 | |||||||||||||||
DowDuPont Inc. | 4.493%, $280,000 par, due 11/15/2025 | (1) | 288,281 | |||||||||||||||
DowDuPont Inc. | 4.725%, $1,160,000 par, due 11/15/2028 | (1) | 1,197,586 | |||||||||||||||
Duke Energy Carolinas LLC | 2.500%, $750,000 par, due 3/15/2023 | (1) | 724,545 | |||||||||||||||
Duke Energy Carolinas LLC | 3.050%, $740,000 par, due 3/15/2023 | (1) | 733,526 | |||||||||||||||
Duke Energy Progress LLC | 3.375%, $200,000 par, due 9/1/2023 | (1) | 200,890 | |||||||||||||||
Duke Realty LP | 4.000%, $210,000 par, due 9/15/2028 | (1) | 208,461 | |||||||||||||||
Ecolab Inc. | 2.250%, $880,000 par, due 1/12/2020 | (1) | 874,287 | |||||||||||||||
Ecolab Inc. | 2.375%, $55,000 par, due 8/10/2022 | (1) | 53,062 | |||||||||||||||
EdLinc Student Loan Funding Trust 2012-1 | 3.506%, $528,478 par, due 9/25/2030 | (1) | 531,552 | |||||||||||||||
Edsouth Indenture No 2 LLC | 3.656%, $373,581 par, due 9/25/2040 | (1) | 375,909 | |||||||||||||||
Edsouth Indenture No 3 LLC | 3.236%, $1,484,036 par, due 4/25/2039 | (1) | 1,473,928 | |||||||||||||||
Edsouth Indenture No 4 LLC | 3.076%, $457,987 par, due 2/26/2029 | (1) | 453,158 | |||||||||||||||
Edu Fund of South | 3.140%, $2,096,349 par, due 4/25/2035 | (1) | 2,109,990 | |||||||||||||||
Edu Fund of South | 3.365%, $1,457,990 par, due 3/25/2036 | (1) | 1,469,279 | |||||||||||||||
EI du Pont de Nemours & Co | 2.200%, $260,000 par, due 5/1/2020 | (1) | 258,175 | |||||||||||||||
EMD Finance LLC (Merck KGaA) | 2.400%, $850,000 par, due 3/19/2020 | (1) | 841,347 | |||||||||||||||
Emerson Electric Co | 4.250%, $750,000 par, due 11/15/2020 | (1) | 765,176 | |||||||||||||||
Enterprise Fleet Fin | 2.130%, $1,407,083 par, due 7/20/2022 | (1) | 1,398,760 | |||||||||||||||
Enterprise Products Operating LLC | 2.850%, $390,000 par, due 4/15/2021 | (1) | 386,109 | |||||||||||||||
Enterprise Products Operating LLC | 2.800%, $320,000 par, due 2/15/2021 | (1) | 316,643 | |||||||||||||||
Enterprise Products Operating LLC | 3.500%, $180,000 par, due 2/1/2022 | (1) | 180,477 | |||||||||||||||
Equifax Inc. | 2.300%, $870,000 par, due 6/1/2021 | (1) | 843,777 | |||||||||||||||
Equifax Inc. | 3.950%, $100,000 par, due 6/15/2023 | (1) | 99,129 | |||||||||||||||
Ethiopian Leasing 2012 LLC | 2.566%, $872,514 par, due 8/14/2026 | (1) | 865,205 | |||||||||||||||
Export Leasing 2009 LLC | 1.859%, $650,247 par, due 8/28/2021 | (1) | 642,440 | |||||||||||||||
Fannie Mae Pool | 5.500%, $1,234,728 par, due 4/1/2033 | (1) | 1,337,440 | |||||||||||||||
Fannie Mae Pool | 4.705%, $231,190 par, due 11/1/2041 | (1) | 241,563 | |||||||||||||||
Fannie Mae Pool | 3.726%, $269,755 par, due 3/1/2042 | (1) | 281,689 | |||||||||||||||
Fannie Mae Pool | 2.934%, $788,724 par, due 6/1/2022 | (1) | 792,431 | |||||||||||||||
Fannie Mae Pool | 2.760%, $1,325,885 par, due 4/1/2022 | (1) | 1,325,039 | |||||||||||||||
Fannie Mae Pool | 2.570%, $1,646,090 par, due 9/1/2019 | (1) | 1,639,013 | |||||||||||||||
Fannie Mae Pool | 2.570%, $847,966 par, due 9/1/2019 | (1) | 844,982 | |||||||||||||||
Fannie Mae Pool | 2.510%, $2,519,881 par, due 7/1/2020 | (1) | 2,504,532 | |||||||||||||||
Fannie Mae Pool | 2.570%, $1,800,000 par, due 12/1/2020 | (1) | 1,785,996 | |||||||||||||||
Fannie Mae Pool | 3.500%, $1,343,542 par, due 4/1/2046 | (1) | 1,347,651 | |||||||||||||||
Fannie Mae Pool | 2.708%, $1,414,025 par, due 8/1/2044 | (1) | 1,423,369 | |||||||||||||||
Fannie Mae Pool | 2.868%, $700,798 par, due 8/1/2044 | (1) | 707,243 | |||||||||||||||
Fannie Mae Pool | 2.760%, $654,924 par, due 8/1/2044 | (1) | 659,722 | |||||||||||||||
Fannie Mae Pool | 2.777%, $647,839 par, due 8/1/2044 | (1) | 652,572 | |||||||||||||||
Fannie Mae Pool | 2.486%, $1,091,740 par, due 8/1/2045 | (1) | 1,090,593 | |||||||||||||||
Fannie Mae Pool | 2.622%, $1,127,882 par, due 8/1/2045 | (1) | 1,129,463 | |||||||||||||||
Fannie Mae Pool | 2.632%, $493,566 par, due 7/1/2045 | (1) | 494,392 | |||||||||||||||
Fannie Mae Pool | 4.095%, $736,919 par, due 6/1/2033 | (1) | 759,740 | |||||||||||||||
Fannie Mae Pool | 5.000%, $546,214 par, due 6/1/2035 | (1) | 579,928 | |||||||||||||||
Fannie Mae Pool | 3.983%, $732,916 par, due 10/1/2033 | (1) | 758,685 | |||||||||||||||
Fannie Mae Pool | 5.500%, $155,183 par, due 4/1/2036 | (1) | 167,079 | |||||||||||||||
Fannie Mae Pool | 5.000%, $2,305 par, due 1/1/2019 | (1) | 2,344 | |||||||||||||||
Fannie Mae Pool | 5.000%, $1,526 par, due 2/1/2019 | (1) | 1,552 | |||||||||||||||
Fannie Mae Pool | 4.050%, $328,066 par, due 3/1/2034 | (1) | 338,638 | |||||||||||||||
Fannie Mae Pool | 4.074%, $356,290 par, due 8/1/2034 | (1) | 368,194 | |||||||||||||||
Fannie Mae Pool | 3.000%, $4,906,524 par, due 4/1/2031 | (1) | 4,897,711 | |||||||||||||||
Fannie Mae Pool | 3.000%, $1,360,114 par, due 2/1/2031 | (1) | 1,361,023 | |||||||||||||||
Fannie Mae Pool | 4.500%, $1,582,536 par, due 6/1/2056 | (1) | 1,643,871 | |||||||||||||||
Fannie Mae Pool | 4.000%, $363,696 par, due 1/1/2041 | (1) | 373,612 | |||||||||||||||
Fannie Mae Pool | 4.000%, $2,617,564 par, due 4/1/2041 | (1) | 2,688,604 | |||||||||||||||
Fannie Mae Pool | 4.000%, $1,425,343 par, due 11/1/2040 | (1) | 1,464,169 | |||||||||||||||
Fannie Mae Pool | 4.000%, $3,844,371 par, due 8/1/2051 | (1) | 3,930,269 | |||||||||||||||
Fannie Mae Pool | 4.500%, $2,493,650 par, due 1/1/2051 | (1) | 2,590,890 | |||||||||||||||
Fannie Mae Pool | 3.027%, $1,711,613 par, due 6/1/2047 | (1) | 1,722,891 | |||||||||||||||
Fannie Mae Pool | 3.040%, $1,875,425 par, due 7/1/2047 | (1) | 1,886,694 | |||||||||||||||
Fannie Mae Pool | 2.841%, $1,705,311 par, due 7/1/2047 | (1) | 1,707,146 | |||||||||||||||
Fannie Mae Pool | 3.365%, $2,113,387 par, due 11/1/2048 | (1) | 2,142,298 | |||||||||||||||
Fannie Mae Pool | 3.410%, $1,930,000 par, due 11/1/2023 | (1) | 1,972,093 | |||||||||||||||
Fannie Mae Pool | 2.956%, $1,152,997 par, due 5/1/2047 | (1) | 1,157,730 | |||||||||||||||
Fannie Mae Pool | 5.500%, $469,884 par, due 9/1/2036 | (1) | 506,033 | |||||||||||||||
Fannie Mae Pool | 5.500%, $196,274 par, due 11/1/2021 | (1) | 199,015 | |||||||||||||||
Fannie Mae Pool | 2.000%, $435,998 par, due 4/1/2023 | (1) | 434,563 |
53(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Fannie Mae Pool | 2.000%, $428,712 par, due 5/1/2023 | (1) | $ | 421,966 | ||||||||||||||
Fannie Mae Pool | 2.000%, $445,002 par, due 6/1/2023 | (1) | 437,904 | |||||||||||||||
Fannie Mae Pool | 2.000%, $988,538 par, due 8/1/2023 | (1) | 972,186 | |||||||||||||||
Fannie Mae Pool | 2.000%, $1,460,495 par, due 9/1/2023 | (1) | 1,455,682 | |||||||||||||||
Fannie Mae REMIC Trust 2002-W12 | 5.066%, $37,345 par, due 2/25/2033 | (1) | 37,386 | |||||||||||||||
Fannie Mae-Aces | 2.171%, $2,873,694 par, due 9/25/2019 | (1) | 2,855,503 | |||||||||||||||
Fannie Mae-Aces | 2.263%, $1,138,960 par, due 2/25/2023 | (1) | 1,121,358 | |||||||||||||||
Federal Realty Investment Trust | 2.750%, $240,000 par, due 6/1/2023 | (1) | 231,229 | |||||||||||||||
FedEx Corp | 4.200%, $520,000 par, due 10/17/2028 | (1) | 516,589 | |||||||||||||||
FHLMC K710 A2 Multifam | 1.883%, $1,535,662 par, due 5/25/2019 | (1) | 1,530,088 | |||||||||||||||
Fifth Third Bank/Cincinnati OH | 3.350%, $625,000 par, due 7/26/2021 | (1) | 626,259 | |||||||||||||||
Fiserv Inc. | 3.800%, $1,000,000 par, due 10/1/2023 | (1) | 1,006,227 | |||||||||||||||
FN 3.12 MultiFam FWD Jan 2019 | 3.120%, $2,100,000 par, due 1/1/2024 | (1) | 2,100,657 | |||||||||||||||
Ford Credit Auto Lease Trust | 3.190%, $650,000 par, due 12/15/2021 | (1) | 652,688 | |||||||||||||||
Ford Credit Auto Owner Tr | 2.620%, $1,390,000 par, due 8/15/2028 | (1) | 1,370,003 | |||||||||||||||
Ford Credit Auto Owner Trust 2017-REV2 | 2.360%, $1,395,000 par, due 3/15/2029 | (1) | 1,359,455 | |||||||||||||||
Ford Motor Credit Co LLC | 2.021%, $450,000 par, due 5/3/2019 | (1) | 448,181 | |||||||||||||||
Ford Motor Credit Co LLC | 2.262%, $200,000 par, due 3/28/2019 | (1) | 199,426 | |||||||||||||||
Ford Motor Credit Co LLC | 2.425%, $350,000 par, due 6/12/2020 | (1) | 340,803 | |||||||||||||||
Fortive Corp | 2.350%, $855,000 par, due 6/15/2021 | (1) | 833,681 | |||||||||||||||
Fortune Brands Home & Security Inc. | 4.000%, $150,000 par, due 9/21/2023 | (1) | 148,410 | |||||||||||||||
Freddie Mac Gold Pool | 4.000%, $2,380,978 par, due 4/1/2046 | (1) | 2,441,157 | |||||||||||||||
Freddie Mac Gold Pool | 5.500%, $87,075 par, due 11/1/2021 | (1) | 88,222 | |||||||||||||||
Freddie Mac Gold Pool | 3.000%, $663,486 par, due 10/1/2026 | (1) | 665,886 | |||||||||||||||
Freddie Mac Gold Pool | 2.500%, $284,422 par, due 7/1/2023 | (1) | 284,662 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.791%, $2,500,000 par, due 1/25/2022 | (1) | 2,490,935 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.355%, $1,149,821 par, due 4/25/2021 | (1) | 1,144,415 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 3.062%, $2,100,000 par, due 11/25/2023 | (1) | 2,108,030 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.870%, $767,403 par, due 1/25/2021 | (1) | 767,273 | |||||||||||||||
Freddie Mac Multifam Struct PT Cert | 2.086%, $1,235,015 par, due 3/25/2019 | (1) | 1,231,823 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.274%, $640,672 par, due 8/1/2043 | (1) | 633,239 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.700%, $855,788 par, due 12/1/2044 | (1) | 857,094 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.678%, $1,569,726 par, due 8/1/2044 | (1) | 1,576,526 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.579%, $639,788 par, due 1/1/2045 | (1) | 639,333 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.680%, $482,164 par, due 8/1/2045 | (1) | 482,819 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.845%, $1,190,776 par, due 7/1/2047 | (1) | 1,191,038 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.969%, $1,376,764 par, due 8/1/2047 | (1) | 1,381,310 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.603%, $2,107,108 par, due 10/1/2047 | (1) | 2,091,853 | |||||||||||||||
Freddie Mac Non Gold Pool | 3.621%, $917,160 par, due 5/1/2048 | (1) | 936,051 | |||||||||||||||
Freddie Mac Non Gold Pool | 2.924%, $745,347 par, due 5/1/2047 | (1) | 746,626 | |||||||||||||||
Freddie Mac Non Gold Pool | 3.777%, $495,397 par, due 2/1/2042 | (1) | 515,877 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.435%, $170,897 par, due 7/1/2042 | (1) | 176,717 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.500%, $173,189 par, due 8/1/2042 | (1) | 178,767 | |||||||||||||||
Freddie Mac Non Gold Pool | 4.222%, $865,243 par, due 4/1/2038 | (1) | 905,547 | |||||||||||||||
GAHR Commercial Mortgage Trust 2015-NRF | 3.235%, $2,230,000 par, due 12/15/2034 | (1) | 2,222,987 | |||||||||||||||
GE Cap Intl Funding | 2.342%, $880,000 par, due 11/15/2020 | (1) | 849,248 | |||||||||||||||
General Dynamics Corp | 3.375%, $630,000 par, due 5/15/2023 | (1) | 634,359 | |||||||||||||||
General Dynamics Corp | 3.000%, $170,000 par, due 5/11/2021 | (1) | 170,138 | |||||||||||||||
General Electric Co | 5.500%, $533,000 par, due 1/8/2020 | (1) | 539,279 | |||||||||||||||
General Mills Inc. | 2.600%, $500,000 par, due 10/12/2022 | (1) | 481,687 | |||||||||||||||
General Mills Inc. | 3.700%, $200,000 par, due 10/17/2023 | (1) | 198,833 | |||||||||||||||
Georgia-Pacific LLC | 3.163%, $500,000 par, due 11/15/2021 | (1) | 495,483 | |||||||||||||||
Gilead Sciences Inc. | 1.950%, $360,000 par, due 3/1/2022 | (1) | 346,791 | |||||||||||||||
Ginnie Mae II pool | 5.460%, $12,807 par, due 7/20/2059 | (1) | 12,786 | |||||||||||||||
Ginnie Mae II pool | 3.990%, $1,319,431 par, due 6/20/2058 | (1) | 1,345,873 | |||||||||||||||
Ginnie Mae II pool | 3.375%, $402,619 par, due 3/20/2042 | (1) | 413,166 | |||||||||||||||
GlaxoSmithKline Capital Inc. | 3.375%, $1,100,000 par, due 5/15/2023 | (1) | 1,104,193 | |||||||||||||||
GM Financial Automobile Leasing Trust 2018-3 | 3.180%, $630,000 par, due 6/21/2021 | (1) | 630,900 | |||||||||||||||
GNMA | 2.964%, $1,118,376 par, due 10/20/2065 | (1) | 1,125,447 | |||||||||||||||
GNMA | 3.314%, $4,054,473 par, due 12/20/2066 | (1) | 4,143,302 | |||||||||||||||
GNMA | 3.214%, $2,069,801 par, due 12/20/2066 | (1) | 2,107,285 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.625%, $380,000 par, due 4/25/2021 | (1) | 370,104 | |||||||||||||||
Goldman Sachs Group Inc./The | 3.000%, $1,250,000 par, due 4/26/2022 | (1) | 1,210,554 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.600%, $1,420,000 par, due 4/23/2020 | (1) | 1,406,111 | |||||||||||||||
Goldman Sachs Group Inc./The | 2.876%, $230,000 par, due 10/31/2022 | (1) | 223,378 | |||||||||||||||
GS Mortgage Securities Trust 2013-GC16 | 4.271%, $1,280,000 par, due 11/10/2046 | (1) | 1,332,177 | |||||||||||||||
GS Mortgage Securities Trust 2014-GC26 | 3.629%, $1,560,000 par, due 11/10/2047 | (1) | 1,583,066 | |||||||||||||||
GSMS 2012-GCJ7 A4 9.2-Yr CMBS | 3.377%, $916,625 par, due 5/10/2045 | (1) | 920,492 | |||||||||||||||
Guardian Life Global Funding | 2.000%, $750,000 par, due 4/26/2021 | (1) | 730,879 | |||||||||||||||
Guardian Life Global Funding | 2.500%, $670,000 par, due 5/8/2022 | (1) | 651,176 | |||||||||||||||
Guardian Life Global Funding | 3.400%, $150,000 par, due 4/25/2023 | (1) | 149,437 | |||||||||||||||
Halliburton Co | 3.500%, $740,000 par, due 8/1/2023 | (1) | 734,540 | |||||||||||||||
Hewlett Packard Enterprise Co | 3.059%, $280,000 par, due 10/5/2021 | (1) | 277,563 | |||||||||||||||
Hewlett Packard Enterprise Co | 3.500%, $430,000 par, due 10/5/2021 | (1) | 431,184 |
54(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
HSBC Holdings PLC | 3.033%, $425,000 par, due 11/22/2023 | (1) | $ | 411,363 | ||||||||||||||
HSBC Holdings PLC | 3.950%, $510,000 par, due 5/18/2024 | (1) | 507,246 | |||||||||||||||
HSBC Holdings PLC | 4.292%, $780,000 par, due 9/12/2026 | (1) | 768,282 | |||||||||||||||
HSBC USA Inc. | 2.350%, $520,000 par, due 3/5/2020 | (1) | 514,750 | |||||||||||||||
Huntington National Bank/The | 3.550%, $710,000 par, due 10/6/2023 | (1) | 707,548 | |||||||||||||||
Hyundai Auto Lease Tr | 1.880%, $1,704,909 par, due 8/17/2020 | (1) | 1,700,157 | |||||||||||||||
Hyundai Capital America | 2.000%, $380,000 par, due 7/1/2019 | (1) | 377,557 | |||||||||||||||
IBM Credit LLC | 3.000%, $860,000 par, due 2/6/2023 | (1) | 843,520 | |||||||||||||||
Iowa Stud Ln Liq Co | 2.543%, $1,173,535 par, due 9/25/2037 | (1) | 1,139,751 | |||||||||||||||
Iraq Government AID Bond | 2.149%, $2,245,000 par, due 1/18/2022 | (1) | 2,204,410 | |||||||||||||||
Jackson National Life Global Funding | 3.300%, $420,000 par, due 6/11/2021 | (1) | 419,784 | |||||||||||||||
John Deere Capital Corp | 2.650%, $220,000 par, due 1/6/2022 | (1) | 215,793 | |||||||||||||||
John Deere Capital Corp | 2.150%, $965,000 par, due 9/8/2022 | (1) | 924,862 | |||||||||||||||
John Deere Capital Corp | 2.700%, $365,000 par, due 1/6/2023 | (1) | 355,970 | |||||||||||||||
John Deere Capital Corp | 3.650%, $330,000 par, due 10/12/2023 | (1) | 333,454 | |||||||||||||||
John Deere Owner Trust 2017 | 1.780%, $1,937,542 par, due 4/15/2021 | (1) | 1,923,698 | |||||||||||||||
JPMBB Commercial Mortgage Sec Trust 2014-C26 | 3.494%, $810,000 par, due 1/15/2048 | (1) | 810,752 | |||||||||||||||
JPMBB Comml Mtg Sec Tr | 3.157%, $1,577,277 par, due 7/15/2045 | (1) | 1,571,403 | |||||||||||||||
JPMBB Comml Mtg Sec Tr | 3.761%, $1,579,590 par, due 8/15/2046 | (1) | 1,594,229 | |||||||||||||||
JPMorgan Chase & Co | 3.317%, $1,270,000 par, due 3/9/2021 | (1) | 1,263,891 | |||||||||||||||
JPMorgan Chase & Co | 2.776%, $310,000 par, due 4/25/2023 | (1) | 300,590 | |||||||||||||||
JPMorgan Chase & Co | 3.514%, $620,000 par, due 6/18/2022 | (1) | 621,403 | |||||||||||||||
JPMorgan Chase & Co | 3.797%, $220,000 par, due 7/23/2024 | (1) | 220,397 | |||||||||||||||
JPMorgan Chase & Co | 4.023%, $330,000 par, due 12/5/2024 | (1) | 332,626 | |||||||||||||||
JPMorgan Chase & Co | 2.972%, $200,000 par, due 1/15/2023 | (1) | 194,996 | |||||||||||||||
JPMorgan Chase & Co | 2.550%, $535,000 par, due 10/29/2020 | (1) | 529,052 | |||||||||||||||
JPMorgan Chase & Co | 2.700%, $570,000 par, due 5/18/2023 | (1) | 547,502 | |||||||||||||||
JPMorgan Chase Comml Mtg Sec Tr | 4.166%, $1,400,000 par, due 12/15/2046 | (1) | 1,447,835 | |||||||||||||||
JPMorgan Chase Comml Mtg Sec Tr | 3.414%, $482,443 par, due 1/15/2046 | (1) | 483,154 | |||||||||||||||
JPMorgan Comm Mtg Sec Tr | 3.483%, $2,100,000 par, due 6/15/2045 | (1) | 2,104,759 | |||||||||||||||
Kellogg Co | 3.250%, $260,000 par, due 5/14/2021 | (1) | 257,495 | |||||||||||||||
Kentucky Utilities Co | 3.250%, $1,200,000 par, due 11/1/2020 | (1) | 1,203,377 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.500%, $250,000 par, due 12/15/2019 | (1) | 248,465 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.250%, $490,000 par, due 3/16/2020 | (1) | 484,794 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.350%, $250,000 par, due 3/8/2019 | (1) | 249,678 | |||||||||||||||
KeyBank NA/Cleveland OH | 2.500%, $400,000 par, due 11/22/2021 | (1) | 392,128 | |||||||||||||||
KeyBank NA/Cleveland OH | 3.350%, $250,000 par, due 6/15/2021 | (1) | 250,781 | |||||||||||||||
Kraft Heinz Foods Co | 4.000%, $530,000 par, due 6/15/2023 | (1) | 528,611 | |||||||||||||||
Liberty Property LP | 3.375%, $752,000 par, due 6/15/2023 | (1) | 740,718 | |||||||||||||||
Lincoln Airport Authority | 1.911%, $710,000 par, due 7/1/2021 | (1) | 692,243 | |||||||||||||||
Lincoln Airport Authority | 2.123%, $500,000 par, due 7/1/2022 | (1) | 486,290 | |||||||||||||||
Lincoln Airport Authority | 2.303%, $500,000 par, due 7/1/2023 | (1) | 485,715 | |||||||||||||||
Lockheed Martin Corp | 3.350%, $650,000 par, due 9/15/2021 | (1) | 654,315 | |||||||||||||||
Lockheed Martin Corp | 2.500%, $650,000 par, due 11/23/2020 | (1) | 642,425 | |||||||||||||||
M&T Bank Corp | 3.550%, $430,000 par, due 7/26/2023 | (1) | 431,714 | |||||||||||||||
Manufacturers & Traders Trust Co | 2.100%, $550,000 par, due 2/6/2020 | (1) | 544,093 | |||||||||||||||
Manufacturers & Traders Trust Co | 2.500%, $470,000 par, due 5/18/2022 | (1) | 456,556 | |||||||||||||||
Marathon Oil Corp | 2.700%, $1,200,000 par, due 6/1/2020 | (1) | 1,182,269 | |||||||||||||||
Marathon Petroleum Corp | 3.400%, $800,000 par, due 12/15/2020 | (1) | 799,757 | |||||||||||||||
Marsh & McLennan Cos Inc. | 2.750%, $500,000 par, due 1/30/2022 | (1) | 490,069 | |||||||||||||||
MassMutual Global Funding II | 2.000%, $750,000 par, due 4/15/2021 | (1) | 730,246 | |||||||||||||||
Maxim Integrated Products Inc. | 3.375%, $210,000 par, due 3/15/2023 | (1) | 209,242 | |||||||||||||||
McCormick & Co Inc./MD | 2.700%, $425,000 par, due 8/15/2022 | (1) | 412,105 | |||||||||||||||
McDonald's Corp | 2.200%, $1,160,000 par, due 5/26/2020 | (1) | 1,147,050 | |||||||||||||||
McDonald's Corp | 2.750%, $260,000 par, due 12/9/2020 | (1) | 258,196 | |||||||||||||||
McDonald's Corp | 3.350%, $280,000 par, due 4/1/2023 | (1) | 278,584 | |||||||||||||||
Medtronic Inc. | 3.125%, $290,000 par, due 3/15/2022 | (1) | 288,891 | |||||||||||||||
Medtronic Inc. | 2.500%, $365,000 par, due 3/15/2020 | (1) | 363,131 | |||||||||||||||
Medtronic Inc. | 3.150%, $330,000 par, due 3/15/2022 | (1) | 329,089 | |||||||||||||||
Metropolitan Life Global Funding I | 2.050%, $780,000 par, due 6/12/2020 | (1) | 767,522 | |||||||||||||||
Metropolitan Life Global Funding I | 2.400%, $230,000 par, due 1/8/2021 | (1) | 226,498 | |||||||||||||||
Metropolitan Life Global Funding I | 3.450%, $150,000 par, due 10/9/2021 | (1) | 150,627 | |||||||||||||||
Microchip Technology Inc. | 4.333%, $490,000 par, due 6/1/2023 | (1) | 477,953 | |||||||||||||||
Mill City Mortgage Loan Trust 2017-1 | 2.750%, $627,143 par, due 11/25/2058 | (1) | 616,549 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 2.665%, $430,000 par, due 7/25/2022 | (1) | 417,888 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 3.455%, $220,000 par, due 3/2/2023 | (1) | 218,649 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 3.535%, $300,000 par, due 7/26/2021 | (1) | 301,127 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc. | 3.761%, $310,000 par, due 7/26/2023 | (1) | 311,429 | |||||||||||||||
MMAF Equipment Finance LLC 2017-A | 2.410%, $1,100,000 par, due 8/16/2024 | (1) | 1,080,564 | |||||||||||||||
MMAF Equipment Finance LLC 2018-A | 3.200%, $1,410,000 par, due 9/12/2022 | (1) | 1,416,540 | |||||||||||||||
MO State Higher Ed Std Asst | 3.470%, $1,362,425 par, due 5/20/2030 | (1) | 1,373,436 | |||||||||||||||
Mondelez International Holdings Netherlands BV | 1.625%, $770,000 par, due 10/28/2019 | (1) | 759,278 | |||||||||||||||
Mondelez International Inc. | 3.625%, $470,000 par, due 5/7/2023 | (1) | 470,569 | |||||||||||||||
Monongahela Power Co | 4.100%, $740,000 par, due 4/15/2024 | (1) | 763,160 |
55(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Morgan Stanley | 2.750%, $340,000 par, due 5/19/2022 | (1) | $ | 330,780 | ||||||||||||||
Morgan Stanley | 2.450%, $250,000 par, due 2/1/2019 | (1) | 249,878 | |||||||||||||||
Morgan Stanley | 2.500%, $500,000 par, due 4/21/2021 | (1) | 489,398 | |||||||||||||||
Morgan Stanley | 2.625%, $560,000 par, due 11/17/2021 | (1) | 546,575 | |||||||||||||||
Morgan Stanley | 3.649%, $875,000 par, due 1/20/2022 | (1) | 872,130 | |||||||||||||||
Morgan Stanley BAML Trust 2014 C19 | 3.526%, $1,090,000 par, due 12/15/2047 | (1) | 1,092,296 | |||||||||||||||
MPLX LP | 3.375%, $280,000 par, due 3/15/2023 | (1) | 271,778 | |||||||||||||||
National Retail Properties Inc. | 4.300%, $230,000 par, due 10/15/2028 | (1) | 231,134 | |||||||||||||||
Navient Student Loan Trust 2016-6 | 3.256%, $1,040,000 par, due 3/25/2066 | (1) | 1,045,560 | |||||||||||||||
New Hamp Higher Ed Ln Co | 3.006%, $540,481 par, due 10/25/2028 | (1) | 540,832 | |||||||||||||||
New York Life Global Funding | 1.950%, $880,000 par, due 2/11/2020 | (1) | 870,028 | |||||||||||||||
New York Life Global Funding | 2.000%, $1,330,000 par, due 4/9/2020 | (1) | 1,314,775 | |||||||||||||||
New York State Urban Development Corp | 2.860%, $415,000 par, due 3/15/2024 | (1) | 411,639 | |||||||||||||||
New York State Urban Development Corp | 3.270%, $500,000 par, due 3/15/2027 | (1) | 491,015 | |||||||||||||||
Nissan Auto Recv Owner Tr | 1.340%, $133,944 par, due 3/16/2020 | (1) | 133,774 | |||||||||||||||
Norfolk Southern Corp | 3.650%, $180,000 par, due 8/1/2025 | (1) | 180,939 | |||||||||||||||
Northrop Grumman Corp | 2.550%, $710,000 par, due 10/15/2022 | (1) | 687,034 | |||||||||||||||
Nuveen LLC | 4.000%, $390,000 par, due 11/1/2028 | (1) | 401,867 | |||||||||||||||
NYC Transit Fin Auth Future Tax Rev | 3.350%, $1,250,000 par, due 8/1/2025 | (1) | 1,243,288 | |||||||||||||||
Occidental Petroleum Corp | 2.600%, $860,000 par, due 4/15/2022 | (1) | 838,824 | |||||||||||||||
Oracle Corp | 2.500%, $385,000 par, due 10/15/2022 | (1) | 374,703 | |||||||||||||||
Oracle Corp | 3.400%, $290,000 par, due 7/8/2024 | (1) | 289,423 | |||||||||||||||
Oracle Corp | 2.625%, $910,000 par, due 2/15/2023 | (1) | 887,532 | |||||||||||||||
Oracle Corp | 2.950%, $360,000 par, due 11/15/2024 | (1) | 350,599 | |||||||||||||||
Orange SA | 1.625%, $710,000 par, due 11/3/2019 | (1) | 701,118 | |||||||||||||||
Overseas Private Investment Corp | 2.520%, $1,240,909 par, due 9/15/2022 | (1) | 1,230,327 | |||||||||||||||
PA State Higher Ed Asst | 2.865%, $362,930 par, due 4/25/2030 | (1) | 361,313 | |||||||||||||||
PA State Higher Ed Asst | 3.590%, $680,976 par, due 1/25/2028 | (1) | 685,974 | |||||||||||||||
PACCAR Financial Corp | 2.300%, $385,000 par, due 8/10/2022 | (1) | 372,139 | |||||||||||||||
PacifiCorp | 2.950%, $1,000,000 par, due 2/1/2022 | (1) | 989,406 | |||||||||||||||
PacifiCorp | 3.600%, $500,000 par, due 4/1/2024 | (1) | 504,733 | |||||||||||||||
Packaging Corp of America | 2.450%, $355,000 par, due 12/15/2020 | (1) | 348,559 | |||||||||||||||
Parker-Hannifin Corp | 3.500%, $290,000 par, due 9/15/2022 | (1) | 291,345 | |||||||||||||||
Petroleos Mexicanos | 1.950%, $800,000 par, due 12/20/2022 | (1) | 785,271 | |||||||||||||||
PNC Bank NA | 2.300%, $1,570,000 par, due 6/1/2020 | (1) | 1,548,862 | |||||||||||||||
PNC Bank NA | 2.625%, $440,000 par, due 2/17/2022 | (1) | 430,043 | |||||||||||||||
PNC Bank NA | 2.000%, $320,000 par, due 5/19/2020 | (1) | 315,021 | |||||||||||||||
Pomona Redevelopment Agency Successor Agency | 3.632%, $400,000 par, due 2/1/2023 | (1) | 407,680 | |||||||||||||||
Providence Health & Services Obligated Group | 4.379%, $500,000 par, due 10/1/2023 | (1) | 523,551 | |||||||||||||||
PSNH Funding LLC 3 | 3.094%, $650,000 par, due 2/1/2026 | (1) | 653,784 | |||||||||||||||
Public Service Electric & Gas Co | 3.250%, $500,000 par, due 9/1/2023 | (1) | 502,461 | |||||||||||||||
Public Service Electric & Gas Co | 3.650%, $310,000 par, due 9/1/2028 | (1) | 313,868 | |||||||||||||||
Realty Income Corp | 3.250%, $985,000 par, due 10/15/2022 | (1) | 975,402 | |||||||||||||||
Reckitt Benckiser Treasury Services PLC | 2.375%, $510,000 par, due 6/24/2022 | (1) | 489,838 | |||||||||||||||
Regions Financial Corp | 3.800%, $650,000 par, due 8/14/2023 | (1) | 651,162 | |||||||||||||||
RI State Std Ln Authority | 2.999%, $1,490,337 par, due 9/1/2036 | (1) | 1,488,027 | |||||||||||||||
Roche Holdings Inc. | 2.875%, $270,000 par, due 9/29/2021 | (1) | 268,382 | |||||||||||||||
Roche Holdings Inc. | 1.750%, $1,060,000 par, due 1/28/2022 | (1) | 1,017,236 | |||||||||||||||
Roper Technologies Inc. | 3.650%, $550,000 par, due 9/15/2023 | (1) | 550,399 | |||||||||||||||
Royal Bank of Canada | 1.875%, $1,820,000 par, due 2/5/2020 | (1) | 1,801,032 | |||||||||||||||
Royal Bank of Canada | 3.700%, $1,620,000 par, due 10/5/2023 | (1) | 1,626,498 | |||||||||||||||
San Jose Redevelopment Agency Successor Agency | 2.828%, $865,000 par, due 8/1/2023 | (1) | 858,331 | |||||||||||||||
Sanofi | 3.375%, $1,370,000 par, due 6/19/2023 | (1) | 1,378,704 | |||||||||||||||
Santa Ana Community Redevelopment Agency | 3.683%, $870,000 par, due 9/1/2024 | (1) | 899,980 | |||||||||||||||
Santa Monica Community College District | 3.254%, $430,000 par, due 8/1/2025 | (1) | 433,866 | |||||||||||||||
SBA Small Business Investment Cos | 2.517%, $1,382,894 par, due 3/10/2025 | (1) | 1,371,232 | |||||||||||||||
SBA Small Business Investment Cos | 2.829%, $3,984,638 par, due 9/10/2025 | (1) | 3,989,328 | |||||||||||||||
SBA Small Business Investment Cos | 2.507%, $5,303,931 par, due 3/10/2026 | (1) | 5,248,564 | |||||||||||||||
SBA Small Business Investment Cos | 2.845%, $2,078,046 par, due 3/10/2027 | (1) | 2,078,526 | |||||||||||||||
SBA Small Business Investment Cos | 2.518%, $1,409,543 par, due 9/10/2027 | (1) | 1,383,846 | |||||||||||||||
SBA Small Business Investment Cos | 3.548%, $3,170,000 par, due 9/11/2028 | (1) | 3,260,028 | |||||||||||||||
SC State Std Ln Corp | 3.006%, $463,883 par, due 1/25/2041 | (1) | 461,221 | |||||||||||||||
Schlumberger Finance Canada Ltd | 2.200%, $75,000 par, due 11/20/2020 | (1) | 73,292 | |||||||||||||||
Schlumberger Norge AS | 4.200%, $410,000 par, due 1/15/2021 | (1) | 416,081 | |||||||||||||||
Seasoned Credit Risk Transfer Trust Series 2018-3 | 3.500%, $500,774 par, due 8/25/2057 | (1) | 502,047 | |||||||||||||||
Sempra Energy | 2.900%, $175,000 par, due 2/1/2023 | (1) | 170,048 | |||||||||||||||
Shell International Finance BV | 2.125%, $480,000 par, due 5/11/2020 | (1) | 475,514 | |||||||||||||||
Shell International Finance BV | 3.500%, $610,000 par, due 11/13/2023 | (1) | 616,805 | |||||||||||||||
Sherwin-Williams Co/The | 2.750%, $540,000 par, due 6/1/2022 | (1) | 522,725 | |||||||||||||||
Siemens Financieringsmaatschappij NV | 2.150%, $1,086,000 par, due 5/27/2020 | (1) | 1,070,922 | |||||||||||||||
Siemens Financieringsmaatschappij NV | 3.398%, $1,200,000 par, due 3/16/2022 | (1) | 1,200,199 | |||||||||||||||
Simon Property Group LP | 2.500%, $830,000 par, due 9/1/2020 | (1) | 821,026 | |||||||||||||||
SLM Student Loan Trust 2008-9 | 3.990%, $879,315 par, due 4/25/2023 | (1) | 883,905 | |||||||||||||||
State of Hawaii | 1.934%, $1,000,000 par, due 10/1/2021 | (1) | 984,130 |
56(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
State of Oregon | 5.762%, $959,202 par, due 6/1/2023 | (1) | $ | 1,027,056 | ||||||||||||||
State of Texas | 3.225%, $865,000 par, due 10/1/2024 | (1) | 876,600 | |||||||||||||||
State of Utah | 4.554%, $490,000 par, due 7/1/2024 | (1) | 516,387 | |||||||||||||||
State of Utah | 3.539%, $750,000 par, due 7/1/2025 | (1) | 767,970 | |||||||||||||||
State of Washington | 3.250%, $750,000 par, due 8/1/2026 | (1) | 752,963 | |||||||||||||||
State of Wisconsin | 1.899%, $400,000 par, due 5/1/2022 | (1) | 386,984 | |||||||||||||||
State Street Corp | 1.950%, $500,000 par, due 5/19/2021 | (1) | 485,962 | |||||||||||||||
State Street Corp | 3.776%, $140,000 par, due 12/3/2024 | (1) | 140,333 | |||||||||||||||
Student Loan Corp | 3.290%, $1,562,517 par, due 4/25/2037 | (1) | 1,563,939 | |||||||||||||||
Student Loan Corp | 3.206%, $1,224,033 par, due 7/25/2036 | (1) | 1,227,549 | |||||||||||||||
Sumitomo Mitsui Financial Group Inc. | 3.936%, $940,000 par, due 10/16/2023 | (1) | 956,524 | |||||||||||||||
SunTrust Bank/Atlanta GA | 3.502%, $420,000 par, due 8/2/2022 | (1) | 418,743 | |||||||||||||||
SunTrust Banks Inc. | 2.700%, $410,000 par, due 1/27/2022 | (1) | 399,868 | |||||||||||||||
Teva Pharmaceutical Finance Netherlands III BV | 1.700%, $227,000 par, due 7/19/2019 | (1) | 223,476 | |||||||||||||||
Texas Children's Hospital | 2.371%, $1,750,000 par, due 10/1/2020 | (1) | 1,728,834 | |||||||||||||||
Thermo Fisher Scientific Inc. | 3.000%, $350,000 par, due 4/15/2023 | (1) | 340,511 | |||||||||||||||
Toronto-Dominion Bank/The | 2.250%, $2,420,000 par, due 3/15/2021 | (1) | 2,387,240 | |||||||||||||||
Toronto-Dominion Bank/The | 2.250%, $600,000 par, due 9/25/2019 | (1) | 597,539 | |||||||||||||||
Toronto-Dominion Bank/The | 3.350%, $430,000 par, due 10/22/2021 | (1) | 434,527 | |||||||||||||||
Total Capital Canada Ltd | 2.750%, $860,000 par, due 7/15/2023 | (1) | 841,059 | |||||||||||||||
Towd Point Mortgage Trust 2015-4 | 3.500%, $502,839 par, due 4/25/2055 | (1) | 500,965 | |||||||||||||||
Towd Point Mortgage Trust 2015-6 | 3.500%, $745,395 par, due 4/25/2055 | (1) | 743,257 | |||||||||||||||
Towd Point Mortgage Trust 2016-3 | 2.250%, $475,907 par, due 4/25/2056 | (1) | 464,981 | |||||||||||||||
Towd Point Mortgage Trust 2016-4 | 2.250%, $287,050 par, due 7/25/2056 | (1) | 278,759 | |||||||||||||||
Towd Point Mortgage Trust 2017-1 | 2.750%, $972,975 par, due 10/25/2056 | (1) | 951,768 | |||||||||||||||
Towd Point Mortgage Trust 2017-5 | 2.915%, $442,950 par, due 2/25/2057 | (1) | 440,532 | |||||||||||||||
Towd Point Mortgage Trust 2017-6 | 2.750%, $357,545 par, due 10/25/2057 | (1) | 349,228 | |||||||||||||||
Toyota Auto Recv Owner Tr | 1.730%, $1,977,843 par, due 2/16/2021 | (1) | 1,963,751 | |||||||||||||||
Toyota Motor Corp | 3.419%, $900,000 par, due 7/20/2023 | (1) | 900,277 | |||||||||||||||
Toyota Motor Credit Corp | 2.600%, $300,000 par, due 1/11/2022 | (1) | 295,225 | |||||||||||||||
Toyota Motor Credit Corp | 2.950%, $680,000 par, due 4/13/2021 | (1) | 680,102 | |||||||||||||||
Tyco Electronics Group SA | 3.500%, $835,000 par, due 2/3/2022 | (1) | 835,759 | |||||||||||||||
UBS AG/Stamford CT | 2.350%, $900,000 par, due 3/26/2020 | (1) | 891,073 | |||||||||||||||
UBS Commercial Mortgage Trust 2012-C1 | 3.400%, $1,069,888 par, due 5/10/2045 | (1) | 1,076,471 | |||||||||||||||
UBS Group Funding Switzerland AG | 3.491%, $250,000 par, due 5/23/2023 | (1) | 243,808 | |||||||||||||||
UBS-Barclays Commercial Mortgage Trust 2012-C4 | 2.850%, $1,400,000 par, due 12/10/2045 | (1) | 1,384,163 | |||||||||||||||
UBS-Barclays Commercial Mortgage Trust 2012-C4 | 2.459%, $1,480,157 par, due 12/10/2045 | (1) | 1,465,257 | |||||||||||||||
UDR Inc. | 4.000%, $430,000 par, due 10/1/2025 | (1) | 428,665 | |||||||||||||||
Unilever Capital Corp | 2.200%, $1,560,000 par, due 5/5/2022 | (1) | 1,506,982 | |||||||||||||||
Union Pacific Corp | 3.500%, $830,000 par, due 6/8/2023 | (1) | 831,577 | |||||||||||||||
United Parcel Service Inc. | 2.500%, $900,000 par, due 4/1/2023 | (1) | 875,593 | |||||||||||||||
United States Small Business Administration | 5.510%, $638,657 par, due 11/1/2027 | (1) | 681,464 | |||||||||||||||
United States Small Business Administration | 6.770%, $450,454 par, due 11/1/2028 | (1) | 490,790 | |||||||||||||||
United States Small Business Administration | 5.720%, $631,884 par, due 1/1/2029 | (1) | 677,930 | |||||||||||||||
United States Small Business Administration | 3.370%, $1,055,252 par, due 10/1/2033 | (1) | 1,077,560 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.750%, $10,950,000 par, due 7/15/2028 | (1) | 10,797,480 | |||||||||||||||
United States Treasury Inflation Indexed Bonds | 0.125%, $2,250,000 par, due 7/15/2026 | (1) | 2,228,543 | |||||||||||||||
United States Treasury Note/Bond | 2.750%, $800,000 par, due 6/30/2025 | (1) | 808,062 | |||||||||||||||
United States Treasury Note/Bond | 2.750%, $2,000,000 par, due 7/31/2023 | (1) | 2,021,328 | |||||||||||||||
United States Treasury Note/Bond | 2.125%, $2,175,000 par, due 11/30/2024 | (1) | 2,122,920 | |||||||||||||||
United States Treasury Note/Bond | 2.750%, $650,000 par, due 2/28/2025 | (1) | 656,576 | |||||||||||||||
United States Treasury Note/Bond | 2.750%, $3,275,000 par, due 4/30/2023 | (1) | 3,308,644 | |||||||||||||||
United States Treasury Note/Bond | 2.875%, $2,125,000 par, due 5/31/2025 | (1) | 2,161,607 | |||||||||||||||
United States Treasury Note/Bond | 3.000%, $2,000,000 par, due 10/31/2025 | (1) | 2,051,796 | |||||||||||||||
United States Treasury Note/Bond | 2.875%, $2,000,000 par, due 11/30/2025 | (1) | 2,035,860 | |||||||||||||||
United States Treasury Note/Bond | 2.875%, $2,150,000 par, due 11/30/2023 | (1) | 2,187,457 | |||||||||||||||
United States Treasury Note/Bond | 2.125%, $3,325,000 par, due 12/31/2022 | (1) | 3,278,111 | |||||||||||||||
United States Treasury Note/Bond | 1.375%, $1,500,000 par, due 6/30/2023 | (1) | 1,428,164 | |||||||||||||||
United Technologies Corp | 1.950%, $370,000 par, due 11/1/2021 | (1) | 355,182 | |||||||||||||||
United Technologies Corp | 2.300%, $700,000 par, due 5/4/2022 | (1) | 671,536 | |||||||||||||||
United Technologies Corp | 3.950%, $430,000 par, due 8/16/2025 | (1) | 426,670 | |||||||||||||||
UnitedHealth Group Inc. | 2.125%, $370,000 par, due 3/15/2021 | (1) | 362,272 | |||||||||||||||
UnitedHealth Group Inc. | 3.500%, $590,000 par, due 6/15/2023 | (1) | 595,087 | |||||||||||||||
UnitedHealth Group Inc. | 3.500%, $200,000 par, due 2/15/2024 | (1) | 201,280 | |||||||||||||||
University of California | 3.466%, $625,000 par, due 5/15/2024 | (1) | 636,375 | |||||||||||||||
US Bank NA/Cincinnati OH | 2.000%, $1,055,000 par, due 1/24/2020 | (1) | 1,045,148 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.150%, $530,000 par, due 4/26/2021 | (1) | 530,488 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.104%, $390,000 par, due 5/21/2021 | (1) | 389,467 | |||||||||||||||
US Bank NA/Cincinnati OH | 3.400%, $1,050,000 par, due 7/24/2023 | (1) | 1,047,844 | |||||||||||||||
USAA Capital Corp | 2.450%, $770,000 par, due 8/1/2020 | (1) | 762,603 | |||||||||||||||
Ventas Realty LP | 3.100%, $350,000 par, due 1/15/2023 | (1) | 341,286 | |||||||||||||||
Ventas Realty LP | 4.400%, $570,000 par, due 1/15/2029 | (1) | 567,152 | |||||||||||||||
Verizon Communications Inc. | 3.125%, $1,240,000 par, due 3/16/2022 | (1) | 1,231,734 | |||||||||||||||
Verizon Communications Inc. | 3.376%, $978,000 par, due 2/15/2025 | (1) | 949,060 |
57(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | ||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | ||||||||||||||||||
December 31, 2018 | ||||||||||||||||||
Description of investment, including | ||||||||||||||||||
maturity date, rate of interest, | Units/ | |||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | ||||||||||||||
Verizon Owner Trust 2017-1 | 2.060%, $2,200,000 par, due 9/20/2021 | (1) | $ | 2,183,595 | ||||||||||||||
Verizon Owner Trust 2017-3 | 2.060%, $2,150,000 par, due 4/20/2022 | (1) | 2,124,146 | |||||||||||||||
Verizon Owner Trust 2018-A | 3.230%, $2,150,000 par, due 4/20/2023 | (1) | 2,163,184 | |||||||||||||||
Vodafone Group PLC | 4.125%, $320,000 par, due 5/30/2025 | (1) | 316,125 | |||||||||||||||
Volkswagen Group of America Finance LLC | 2.400%, $430,000 par, due 5/22/2020 | (1) | 423,315 | |||||||||||||||
Vornado Realty LP | 5.000%, $400,000 par, due 1/15/2022 | (1) | 412,774 | |||||||||||||||
Walt Disney Co/The | 2.450%, $230,000 par, due 3/4/2022 | (1) | 225,146 | |||||||||||||||
WEC Energy Group Inc. | 3.375%, $210,000 par, due 6/15/2021 | (1) | 209,868 | |||||||||||||||
WEC Energy Group Inc. | 2.450%, $600,000 par, due 6/15/2020 | (1) | 592,924 | |||||||||||||||
* | Wells Fargo Commercial Mortgage Trust 2013-LC12 | 4.218%, $1,350,000 par, due 7/15/2046 | (1) | 1,401,266 | ||||||||||||||
Welltower Inc. | 3.950%, $290,000 par, due 9/1/2023 | (1) | 290,723 | |||||||||||||||
Westpac Banking Corp | 2.300%, $490,000 par, due 5/26/2020 | (1) | 484,325 | |||||||||||||||
WFRBS Commercial Mortgage Trust 2013-C17 | 4.023%, $850,000 par, due 12/15/2046 | (1) | 875,675 | |||||||||||||||
Windermere Aviation LLC | 2.351%, $932,868 par, due 5/27/2026 | (1) | 918,348 | |||||||||||||||
* | Wells Fargo-Black Rock Short Term Investment Fund S | 2.538%, $4,768,888 par | (1) | 4,768,888 | ||||||||||||||
435,990,393 | ||||||||||||||||||
Accrued income | 2,144,343 | |||||||||||||||||
Payable for investment securities purchased on a forward commitment basis | (2,105,934 | ) | ||||||||||||||||
Receivable for investment payments due | 289,630 | |||||||||||||||||
Adjustment from fair value to current value | 4,924,743 | |||||||||||||||||
Total | 441,243,175 | |||||||||||||||||
Total underlying securities of security-backed contracts at fair value | 3,942,065,222 | |||||||||||||||||
Accrued income | 12,188,742 | |||||||||||||||||
Variation margin payable | 114,416 | |||||||||||||||||
Receivable for investment payments due | 2,924,502 | |||||||||||||||||
Payable for investment securities purchased on a forward commitment basis | (2,105,934 | ) |
58(Continued)
WELLS FARGO & COMPANY 401(k) PLAN | |||||||||||||||||||
Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | |||||||||||||||||||
December 31, 2018 | |||||||||||||||||||
Description of investment, including | |||||||||||||||||||
maturity date, rate of interest, | Units/ | ||||||||||||||||||
Identity of issuer, borrower, lessor, or similar party | collateral, par, or maturing value | shares | Cost | Current value | |||||||||||||||
Wrapper contract fee payable | $ | (1,301,127 | ) | ||||||||||||||||
Payable for investment payments due | (6,484,580 | ) | |||||||||||||||||
Investment management fee payable | (63,172 | ) | |||||||||||||||||
Pending trades | (499,223 | ) | |||||||||||||||||
Adjustment from fair value to current value | 47,214,040 | ||||||||||||||||||
Total security-backed contracts | 3,994,052,886 | ||||||||||||||||||
Collective Investment Fund: | |||||||||||||||||||
* | Wells Fargo/BlackRock Short Term Investment Fund S | 2.54% | 316,795,534 | ||||||||||||||||
Total collective investment funds at fair value | 316,795,534 | ||||||||||||||||||
Total Stable Value Fund | 4,310,848,420 | ||||||||||||||||||
* | Wells Fargo – ESOP Fund | ||||||||||||||||||
Wells Fargo & Co. common stock allocated | Common stock fund | 174,300,290 | 7,870,742,479 | 8,031,757,363 | |||||||||||||||
Wells Fargo & Co. common stock unallocated | Common stock fund | 18 | 990 | 830 | |||||||||||||||
Wells Fargo ESOP – unallocated | Convertible preferred stock | 1,623,903 | 1,727,617,341 | 1,803,375,680 | |||||||||||||||
Short-term investments - allocated | Money Market Fund | 104,969,272 | 104,969,272 | 104,969,272 | |||||||||||||||
Total Wells Fargo – ESOP Fund | 9,940,103,145 | ||||||||||||||||||
$ | 40,801,711,472 | ||||||||||||||||||
* | Represents a party-in-interest. | ||||||||||||||||||
(1) | Cost information not required as investments are participant directed. | ||||||||||||||||||
See accompanying report of independent registered public accounting firm. |
59
EXHIBITS
Exhibit No. | Description | Location | ||
Filed herewith. |
60
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
WELLS FARGO & COMPANY 401(k) PLAN
/s/ Michael Branca
Michael Branca
Executive Vice President
Head of Total Rewards
Wells Fargo & Company
June 27, 2019