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UNITED STATES

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, 2025

[ ] 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

333 Market Street

San Francisco, CA 94105


WELLS FARGO & COMPANY 401(k) PLAN

Table of Contents
			Page
Report of Independent Registered Public Accounting Firm			1

Financial Statements:

Statements of Net Assets Available for Benefits as of December 31, 2025 and 2024			2

Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2025			3

Notes to Financial Statements			4

Supplemental Schedule:

Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2025			14

Signatures			55

Exhibit Index			56

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, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, 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, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Accompanying Supplemental Information

The Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ KPMG LLP

We have not been able to determine the specific year that we began serving as the Plan’s auditor; however, we are aware that we have served as the Plan’s auditor since at least 1989.

Cleveland, Ohio

June 17, 2026


WELLS FARGO & COMPANY 401(k) PLAN
Statements of Net Assets Available for Benefits
December 31, 2025 and 2024
	2025		2024
Assets:
Investments, at fair value	$	59,947,072,836	53,449,351,051
Investments, at contract value	3,821,028,147		3,935,809,874
Total investments	63,768,100,983		57,385,160,925
Notes receivable from participants	776,543,902		792,666,444
Total assets	64,544,644,885		58,177,827,369



Net assets available for benefits	$	64,544,644,885	58,177,827,369


See accompanying notes to financial statements.


WELLS FARGO & COMPANY 401(k) PLAN
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2025

Additions to net assets attributed to:
Investment income:
Net appreciation in fair value of investments	$	9,630,082,278
Interest and dividends	643,755,399
Total investment income	10,273,837,677
Contributions:
Employer	988,704,633
Participants	1,688,446,853
Rollovers	203,649,622
Total contributions	2,880,801,108
Interest income from notes receivable from participants	65,248,444
Other income	120,832
Total additions to plan assets	13,220,008,061
Deductions to net assets attributed to:
Benefits paid to participants	6,843,499,863
Administrative expense	9,690,682
Total deductions from plan assets	6,853,190,545
Net increase	6,366,817,516
Net assets available for benefits:
Beginning of year	58,177,827,369
End of year	$	64,544,644,885


See accompanying notes to financial statements.

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

(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”). The Plan includes a non-leveraged Employee Stock Ownership Plan (ESOP) component invested predominantly in shares of Company common stock through the Wells Fargo ESOP Fund.

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.

The Plan Administrator is the Plan Sponsor’s Head of Human Resources (or the functional equivalent title of the most senior position in Human Resources), the Head of Total Rewards (or the functional equivalent title of the most senior position in Human Resources over compensation and benefit plans or programs other than the Head of Human Resources), and the Head of Benefits (or the functional equivalent title of the most senior position in Human Resources benefit plans and programs other than the Head of Human Resources and the Head of Total Rewards), each of whom may act individually or jointly as the Plan Administrator, or its authorized delegate. The Plan Administrator hired Empower Retirement, LLC to serve as the recordkeeper (“Recordkeeper”). Empower Trust Company, LLC is the Plan Trustee (“Trustee”).

(b)Eligibility

Employees eligible to participate in the Plan include regular and fixed term employees, flexible employees, and interns employed by a participating employer, who have completed one full calendar month of service and meet the minimum eligibility age of 18.

Employees, who satisfy the Plan’s eligibility requirements, become eligible to make salary deferral contributions on the first day of the month following one calendar month of service. Employees may be eligible to receive employer matching contributions and base contributions, after completion of one year of vesting service and satisfaction of other eligibility requirements.

(c)Contributions and Vesting

Each year, eligible participants may make salary deferral contributions, subject to certain limitations, from 1% to 50% of their certified compensation, as defined in the Plan. Salary deferral contributions are eligible to be matched by the Company after one year of service. Participants age 50 or older can make catch‑up salary deferral contributions each year in accordance with limits set by the Internal Revenue Service (IRS). Catch‑up contributions are generally not eligible for employer matching contributions. Participants are fully vested in their salary deferral contributions.

Employer contributions consist of two components: matching contributions and base contributions. To be eligible to receive these contributions, a participant must be employed on December 15 of the plan year, with certain exceptions. Termination of employment on or after normal retirement age, disability, and death are the three exceptions to the December 15 employment rule to be eligible for employer match and base contributions.

Matching contributions are equal to 100% of salary deferral contributions up to 6% of participant’s eligible certified compensation in the plan year and are paid at year-end. Matching contributions for eligible employees hired January 1, 2021 or after are subject to 3-year cliff vesting. Eligible

4 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

employees hired prior to January 1, 2021 are 100% vested in their current and future matching contributions. Matching contributions are invested according to the participant’s investment elections on file on the date the matching contribution is made.

Base contributions are equal to 1% of an eligible participant’s certified compensation for the plan year. To be eligible to receive this contribution, a participant must have completed one year of service and the sum of the participant’s certified compensation and elective deferrals to the Wells Fargo & Company Deferred Compensation Plan for the plan year must be less than $75,000. Base contributions are subject to 3-year cliff vesting. Base contributions are invested in accordance with participants’ investment elections on file from their choice of the available investment options offered within the Plan, or the Plan’s qualified default investment alternative, if an election is not on file.

Plan participants may also elect to roll over distributions from a former employer’s qualified retirement plan or a qualified Individual Retirement Account (IRA) to the Plan.

(d)Investment Options

Salary deferral contributions, base contributions, and matching contributions are invested in accordance with each participant's investment elections on file from their choice of the available investment options offered within the Plan, or the Plan’s qualified default investment alternative, which is the age-appropriate target date fund, if an election is not on file.

The Plan document requires that Company common stock be offered as an available investment option to participants through the Wells Fargo ESOP Fund. Participants may elect to have dividends received on Company common stock in their vested accounts paid to them in cash or have the dividends automatically reinvested in additional shares of Company common stock.

Subject to the terms of the Plan document, the Employee Benefit Review Committee (the “Committee”) has discretion to select additional investment alternatives to be offered to participants. Under the terms of a trust agreement, between the Company and the Trustee, the Trustee manages the Plan’s assets in one or more funds (“Trust”) on behalf of the Plan, except to the extent the Trustee is directed by the Committee.

(e)Participant Accounts

Each participant’s Plan account is credited with the participant’s salary deferral contributions, any rollover contributions, the Company’s matching contributions and base contributions which are subject to investment gains and losses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested Plan account. Each participant may elect to reallocate their Plan account balance, including all or a portion of the participant’s account that is invested in the Wells Fargo ESOP Fund.

Each participant is entitled to exercise rights attributable to the Company common stock allocated to his or her Plan account and is notified by the Trustee prior to the time that such rights are to be exercised. The Trustee will vote all shares of Company common stock held in the Wells Fargo ESOP Fund in proportion to “votes” cast by participants.

5 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

(f)Payment of Benefits and Forfeitures

While employed, a participant may make withdrawals from his or her Plan account (as allowed under Plan provisions and IRS regulations). Certain restrictions associated with withdrawals, as described in the Plan, may be waived in the event a participant demonstrates financial hardship.

Upon termination of employment or disability (as defined by the Plan), a participant may elect to receive his or her vested Plan account balance as a lump sum, a partial lump sum distribution, or as periodic installment payments. Beneficiaries do not have the right to elect installment payments for distributions commencing on or after January 1, 2022. Prior to January 1, 2021, the option of installment payments was only available to participants who commenced installment payments prior to January 1, 2010. Certain participants with grandfathered benefits from plans merged into the Plan may also take their benefit as an annuity. Distributions from all funds are made in cash; however, a participant invested in the Company’s common stock may elect to receive shares of the Company’s common stock in-kind with the value of fractional shares paid in cash. Effective January 1, 2025, the Plan was amended and restated to (i) adopt disaster relief distributions in accordance with SECURE Act 2.0, and (ii) permit automatic rollover to an IRA for Plan participants who have a Plan account balance of $7,000 or less, following termination of employment, if the participant has not elected a lump sum or direct rollover.

When a participant terminates employment or becomes disabled, he or she is entitled to distribution of his or her total vested account balance. The nonvested portion is forfeited and serves to reduce future employer contributions, pay Plan administrative expenses, or make corrective adjustments to participants’ accounts. Forfeitures used to offset employer contributions were $8,788,290 for the year ended December 31, 2025. The forfeiture account balance was $0 for both years ended December 31, 2025 and 2024.

(g)Notes Receivable from Participants

Two types of loans are available to participants under the Plan: general purpose and principal residence. General purpose loans may be obtained for periods of up to 5 years. Principal residence loans are available only to finance the purchase or construction of the participant’s principal residence and may not exceed 20 years. Participants may have two loans outstanding at any time, one of which may be a principal residence loan. The maximum amount of any loan, when added to the balance outstanding on all other loans to the participant, may not exceed the lesser of (1) $50,000 reduced by the excess (if any) of (A) the highest outstanding balance of loans from the Plan to the participant during the one-year period ending on the day before the date on which the loan is made, over (B) the outstanding balance of loans from the Plan to the participant on the date on which the loan is made, or (2) one-half of the value of the participant’s vested account balance on the date on which the loan is made. The minimum principal amount for any loan is $500. The loan interest rate is 2% above the prime rate published in the Wall Street Journal on the origination date of the loan.

Repayments on loans are generally made through biweekly payroll deductions and are allocated to the participant’s account and invested according to the participant’s investment elections. Upon termination of employment from Wells Fargo, participants may pay off their loan in full or elect to continue to make loan payments directly to the 401(k) Plan. As of December 31, 2025 and 2024, interest rates ranged from 3.25% to 11.50% and loans mature through December 30, 2045 and December 31, 2044, respectively.

6 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

(2)Summary of Significant Accounting Policies

(a)Basis of Presentation

The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.

(b)Administrative Expenses

Costs and expenses of administering the Plan and Trust are generally paid by the Company, except for certain investment management fees, which are netted against investment returns and a portion of the recordkeeping fees, and other costs and expenses that may be approved by the appropriate Plan fiduciary. Fees for managed account advisory services, overnight delivery charges, and administration of qualified domestic relation orders provided by an independent third-party are charged directly to participant accounts only for individuals that use these services.

(c)Fair Value Definition and Hierarchy

Investments are reported at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on an exit price notion that maximizes the use of observable inputs and minimizes the use of unobservable inputs.

The Plan classifies its assets and liabilities measured at fair value based upon a three-level hierarchy that assigns the highest priority to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs. The three levels are as follows:

•Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets.

•Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model‑based valuation techniques, for which all significant assumptions are observable in the market.

•Level 3 – Valuation is generated from model‑based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models, market comparable pricing, option models and similar techniques.

(d)Investments and Income Recognition

Purchases and sales of securities are recorded on the trade-date basis. Interest income is recorded on the accrual basis. Dividends on common stock are allocated based upon participant account holdings in Company common stock held in the Wells Fargo ESOP Fund on the record date and are recorded in the Trust on the dividend payment date. Net appreciation includes gains and losses on investments bought and sold as well as held during the year.

(e)Notes Receivable from Participants

Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are reclassified as deemed distributions based upon the terms of the Plan and Plan loan rules, as determined by the Plan Administrator.

(f)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

7 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

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.

(g)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.

(h)Payment of Benefits

Benefits are recorded when paid.

(3)Investments Valued at Contract Value

(i)Description

The Wells Fargo Stable Value Fund (the “Stable Value Fund”) primarily invests in security-backed contracts, commonly referred to as synthetic guaranteed investment contracts (“GIC”). A security-backed contract is an investment contract issued by an insurance company or other financial institution, backed by a portfolio of bonds or other fixed income securities. All security-backed contracts held by the Stable Value Fund are fully benefit-responsive. The Stable Value Fund also invests in Short-Term Investment Fund II, which invests in highly liquid assets, for daily liquidity needs.

A security-backed contract is comprised of two parts: the first part is a fixed income security or portfolio of fixed income securities owned by the Plan; the second part is a contract value liquidity agreement (wrapper) provided by a third party. Wrappers provide for contract value payments for participant-initiated withdrawals and transfers, a floor crediting rate, and return of fully accrued contract value at maturity. The crediting rate of a security-backed contract is based on actual yields of the underlying securities and is a function of the relationship between the contract value and the value of the underlying assets.

(ii)Valuation of Underlying Investments

Security-backed contracts are carried at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants when they initiate permitted transactions under the terms of the Plan. The crediting rate resets periodically, normally each quarter or semi-annually, using end of period data.

(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. 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.

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

8 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

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.

Security‑backed contracts also generally provide for withdrawals associated with certain events, which are not in the ordinary course of Plan operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events, which may trigger a market value adjustment; however, such events may include, but not limited to, the following:

•material amendments to the Plan’s structure or administration;

•complete or partial termination of the Plan, including a merger with another plan;

•the failure of the Plan to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA;

•withdrawals due to the removal of a specifically identifiable group of employees from coverage under the participating Plan (such as a group layoff or early retirement incentive program), the closing or sale of a subsidiary, employing unit, or affiliate, the bankruptcy or insolvency of a plan sponsor, the merger of the Plan with another plan, or the Plan sponsor’s establishment of another tax qualified defined contribution plan;

•any change in law, regulation, ruling, administrative or judicial position, or accounting requirement, applicable to the Plan or participating plans; and

•the delivery of any communication to Plan participants designed to influence a participant not to invest in the Plan.

At this time, the Stable Value Fund manager does not believe that the occurrence of any such market value event, which would limit the Plan’s ability to transact at contract value with participants, is probable.

(iv)Wrapper Contracts

The Stable Value Fund pays wrapper contract fees to the security-backed contract issuers to assure contract liquidity for plan participant-directed withdrawals.

(4)Fair Value Measurements

The Plan classifies its investments recorded at fair value as either Level 1, 2, or 3 in the fair value hierarchy. The highest priority (Level 1) is assigned to valuations based on unadjusted quoted prices in active markets and the lowest priority (Level 3) is assigned to valuations based on significant unobservable inputs.

In the determination of the classification of financial instruments in Level 2 or Level 3 of the fair value hierarchy, the Plan considers all available information, including observable market data, indications of market liquidity and orderliness, and its understanding of the valuation techniques and significant inputs used. Judgments are made regarding the significance of the Level 3 inputs to the instruments’ fair value measurement to its entirety. If unobservable inputs are considered significant, the instrument is classified as Level 3.

9 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

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, 2025 and 2024.

Investments in mutual funds are valued at fair value based upon quoted prices in an active market. Mutual funds include money market funds, which are priced at $1.00 per share.

Investments in common collective trusts are redeemable daily at net asset value (“NAV”), which is the readily determinable fair value. The price per share is quoted on a private market; however, the price per share is based on the value of the underlying investments, which are traded on an active market.

Investments in multi-manager funds are comprised of publicly traded mutual funds, which are valued at fair value based upon quoted prices in an active market, and common collective trusts 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 common collective trusts that are not an underlying investment of a fully benefit-responsive contract are valued at NAV as described above.

The Wells Fargo ESOP Fund is structured as a unitized account that holds investments in Company common stock that are valued at quoted market prices and a percentage of money market funds that are valued at fair value as described above. The money market funds are used to provide daily liquidity for the fund.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2025 and 2024, respectively:


	December 31, 2025
	Level 1		Level 2	Level 3	Total
Common collective trusts	$	—	33,856,753,367	—	33,856,753,367
Mutual funds	1,798,785,402		—	—	1,798,785,402
Multi-manager funds:
Common collective trusts	—		9,815,903,665	—	9,815,903,665
Mutual funds	2,352,311,979		—	—	2,352,311,979
Total multi-manager funds	2,352,311,979		9,815,903,665	—	12,168,215,644
Stable Value Fund
Common collective trusts	—		127,950,637	—	127,950,637
Company common stock	11,995,367,786		—	—	11,995,367,786
Total investments at fair value	$	16,146,465,167	43,800,607,669	—	59,947,072,836

10 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025


	December 31, 2024
	Level 1		Level 2	Level 3	Total
Common collective trusts	$	—	30,014,008,564	—	30,014,008,564
Mutual funds	1,578,497,672		—	—	1,578,497,672
Multi-manager funds:
Common collective trusts	—		9,175,446,613	—	9,175,446,613
Mutual funds	2,341,987,965		—	—	2,341,987,965
Total multi-manager funds	2,341,987,965		9,175,446,613	—	11,517,434,578
Stable Value Fund
Common collective trusts	—		121,310,346	—	121,310,346
Company common stock	10,218,099,891		—	—	10,218,099,891
Total investments at fair value	$	14,138,585,528	39,310,765,523	—	53,449,351,051

(5)Related Party Transactions and Party-in-Interest

The Plan allows participants to invest in Company common stock within the Wells Fargo ESOP Fund. The Plan’s investment in the Company’s common stock was $11,995,367,786 and $10,218,099,891 as of December 31, 2025 and 2024, respectively. During 2025, the Company paid $234,678,705 to the participants for dividends on common stocks held directly.

The Plan engaged in transactions involving acquisition or disposition of units of participation in certain investments managed by a subsidiary of Allspring Global Investments, LLC (“Allspring”). The Company has a noncontrolling interest in Allspring, which may be considered a party-in-interest with respect to the Plan. Additionally, the Stable Value Fund manager is a subsidiary of Allspring and the Company pays the investment management fees of such affiliate that are associated with the Stable Value Fund.

Such transactions, even if considered parties-in-interest transactions under ERISA regulations, are covered by an exemption from the “prohibited transaction” provisions of ERISA and the IRC.

(6)Other Income

The Plan periodically receives monies from litigation settlements or other residual proceeds (“Proceeds”) related to the Plan, or prior plans that merged into the Plan, in which the Plan Administrator or their delegate is typically responsible for determining how these Proceeds will be allocated to the Plan.

These Proceeds are deposited into a Plan level interest-bearing account and are included as investments at fair value on the statements of net assets available for benefits and in other income on the statement of changes of net assets available for benefits until the Plan Administrator directs the recordkeeper and Trustee to allocate the Proceeds and accrued interest, in accordance with the plan of allocation.

(7)Tax Status

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 believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC, and therefore believes that the Plan is qualified, and the related Trust is tax-exempt.

Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset), if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the Plan, and has concluded that there are no

11 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress.

(8)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.

(9)Legal Actions

The following class actions lawsuits have been brought on behalf of Plan participants and beneficiaries:

a)On September 26, 2022, Plan participants filed a putative class action against the Company and others (Randall v. GreatBanc Trust Company, et. al., Case No. 22-cv-02354 (D. Minn.)). The lawsuit alleges that the defendants are fiduciaries and that they breached their fiduciary duties under the ERISA and violated other provisions of ERISA in connection with certain employee stock ownership plan loan transactions.

On December 16, 2022, defendants filed a motion to dismiss the complaint. On January 6, 2023, plaintiffs filed an amended complaint and sought certain jurisdictional discovery. On March 28, 2023, the court granted plaintiffs’ motion seeking certain jurisdictional discovery.

On July 25, 2023, defendants filed a motion to dismiss plaintiffs’ first amended complaint. On February 13, 2024, the court denied defendants’ motion to dismiss. Defendants filed answers on March 11, 2024. Fact discovery has been completed, and the parties filed cross-motions for summary judgment.

The parties agreed to a class action settlement of $84 million. On December 8, 2025, the court granted plaintiffs’ motion for preliminary approval of the class action settlement. On April 20, 2026, the court granted final approval of the settlement.

b)On June 11, 2024, a former Wells Fargo employee filed a putative class action in the United States District Court for the Northern District of California against Wells Fargo, the Human Resources Committee of the Board of Directors, the Employee Benefits Review Committee, and other unnamed defendants (Matula v. Wells Fargo & Co., et al., Case 3:24-cv-03504-LB (N.D. Ca.)). The complaint alleges that defendants breached their fiduciary duties by using forfeited 401(k) Plan assets to reduce the Company’s employer contributions instead of distributing the assets to participants or using the assets to reduce Plan administrative expenses.

On September 18, 2024, the court granted the parties’ stipulation to transfer the action to the District of Minnesota. Defendants’ motion to dismiss was filed on October 18, 2024. The court held a hearing on defendants’ motion to dismiss on May 6, 2025.

On June 18, 2025, the court granted defendants’ motion to dismiss. On July 17, 2025, plaintiff appealed, and the Eighth Circuit held oral argument on the appeal on March 18, 2026. On May 12, 2026, the Eighth Circuit affirmed the dismissal of the action.

(10)Subsequent Events

The Plan has evaluated subsequent events from December 31, 2025 through June 17, 2026, the date on which the financial statements were issued. Except as noted below, there have been no material events that would require additional recognition in the financial statements or disclosures to the financial statements.

12 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2025

Effective January 1, 2026, the Plan was amended and restated to (i) change the maximum salary deferral percentage from 50% to 75%, so that participants may make salary deferral contributions, subject to certain limitations, from 1% to 75% of their certified compensation, as defined in the Plan, (ii) add a new option for participants to elect to make after-tax salary deferral contributions up to $10,000 annually, with such after-tax contributions not being eligible for matching contributions, (iii) add one-time or recurring In-Plan Roth Conversions that allow a participant to elect to transfer all or a portion of certain after-tax sub-accounts to a Roth sub-account under the Plan, (iv) update the catch-up contribution provisions to comply with changes under SECURE Act 2.0, including Code Section 414(v)(7) or applicable Treasury regulations thereunder, and (v) change the employer Base Contribution compensation eligibility requirement to include retention and recruiting bonuses with loan agreements.

(11)Reconciliation of Financial Statements to the Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2025 and 2024 to net assets per the Form 5500:


	2025		2024
Net assets available for benefits per the financial statements	$	64,544,644,885	58,177,827,369
Adjustment from contract value to fair value for fully benefit-responsive investment contracts	(86,758,966)		(209,120,157)
Deemed loan distributions	(93,491,704)		(81,709,756)

Net assets per the Form 5500	$	64,364,394,215	57,886,997,456

The following is a reconciliation of increases in net assets available for benefits per the financial statements for the year ended December 31, 2025, to the net income per the Form 5500:


Increase in net assets available for benefits per the financial statements	$	6,366,817,516
Change in the adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2025	122,361,191
Change in deemed loan distributions	(11,781,948)

Net income per the Form 5500	$	6,477,396,759


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

				Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate	date	Par value	Cost	Current value
	State Street Target Ret Income NL CL A	Common Collective Trust				(1)	$	535,356,379
	State Street Target Ret 2025 NL CL A	Common Collective Trust				(1)	1,083,633,878
	State Street Target Ret 2030 NL CL A	Common Collective Trust				(1)	1,468,400,147
	State Street Target Ret 2035 NL CL A	Common Collective Trust				(1)	1,445,507,820
	State Street Target Ret 2040 NL CL A	Common Collective Trust				(1)	1,689,607,070
	State Street Target Ret 2045 NL CL A	Common Collective Trust				(1)	1,390,998,007
	State Street Target Ret 2050 NL CL A	Common Collective Trust				(1)	1,746,254,188
	State Street Target Ret 2055 NL CL A	Common Collective Trust				(1)	819,251,765
	State Street Target Ret 2060 NL CL A	Common Collective Trust				(1)	379,901,178
	State Street Target Ret 2065 NL CL A	Common Collective Trust				(1)	151,757,884
	State Street Target Ret 2070 NL CL A	Common Collective Trust				(1)	13,209,691
	State Street Emerging Markets Index A	Common Collective Trust				(1)	328,504,808
	State Street International Index M	Common Collective Trust				(1)	1,255,690,693
	State Street Russell Sm Cap Index NL CL K	Common Collective Trust				(1)	1,535,577,254
	State Street S&P Mid Cap Index NL CL M	Common Collective Trust				(1)	2,561,110,816
	State Street NASDAQ 100 Index NL CL M	Common Collective Trust				(1)	5,913,548,438
	State Street S&P 500 Index K NL	Common Collective Trust				(1)	8,957,330,224
	State Street U.S. Bond Index NL M	Common Collective Trust				(1)	2,152,059,925
	State Street Real Asset Non-Lending Series A	Common Collective Trust				(1)	75,947,107
	BlackRock MSCI ACWI ESG Focus Index F	Common Collective Trust				(1)	935,671,770
	MFS Large Cap Value CL 5	Common Collective Trust				(1)	1,129,518,688
	T Rowe Price Equity Income TR F	Common Collective Trust				(1)	1,129,509,387
	T Rowe Price Blue Chip Growth Trust T7	Common Collective Trust				(1)	840,591,637
	Brown Advisory Sustainable Growth	Common Collective Trust				(1)	840,606,311
	Polen Focus Growth Collective Investment Trust	Common Collective Trust				(1)	840,603,400
	LACM US Large Cap Growth Equit	Common Collective Trust				(1)	840,593,870
	Jennison Large Cap Growth	Common Collective Trust				(1)	840,594,536
	William Blair Small Cap Growth CIF II CL 1	Common Collective Trust				(1)	245,859,011
	Westfield Small Cap Growth Equity	Common Collective Trust				(1)	245,859,011
	Hotchkis & Wiley Small Cap Diversified Value CIT	Common Collective Trust				(1)	245,859,011
	Peregrine Small Cap Value	Common Collective Trust				(1)	245,859,011
	Causeway International Value Equity F	Common Collective Trust				(1)	376,316,417
	Sprucegrove International F	Common Collective Trust				(1)	376,322,603
	Acadian Emerging Markets Equity Fund	Common Collective Trust				(1)	291,804,553
	Lazard Emerging Markets Equity D	Common Collective Trust				(1)	208,424,263
	Principal Diversified Real Asset III	Common Collective Trust				(1)	227,739,362
	IR&M Core Bond Collective Fund A	Common Collective Trust				(1)	102,425,650
	Loomis Sayles Core Disciplined Alpha Fund Class D	Common Collective Trust				(1)	102,425,614
	NIS Core Fixed Income CIT CL R2	Common Collective Trust				(1)	102,425,655
	Short-Term Investment Fund II	Common Collective Trust				(1)	127,950,637
					Total Common Collective Trusts		43,800,607,669

14 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value			Cost	Current value
	BlackRock Liquidity Treasury Instl	Mutual Fund							(1)	1,646,498,256
	Dodge & Cox Stock Class X	Mutual Fund							(1)	1,163,744,387
	American EuroPacific Growth R6	Mutual Fund							(1)	752,645,468
	Baillie Gifford Emerging Markets EQS K	Mutual Fund							(1)	208,431,749
	DFA Emerging Markets Small Cap	Mutual Fund							(1)	125,064,757
	Baird Aggregate Bond Inst	Mutual Fund							(1)	102,425,619
	BlackRock Liquidity Treasury Inst	Mutual Fund							(1)	152,287,145
						Total Mutual Funds				4,151,097,381

*	Wells Fargo & Company Common Stock	Common Stock Fund							(1)	11,995,367,786
						Total Common Stock Fund				11,995,367,786

*	Wells Fargo Stable Value Fund
	Synthetic GICs:
	American General Life Ins. Co.	Synthetic GIC - Wrapper Contract No. 443423	3.380	%					(1)	—
	Massachusetts Mutual Life Ins. Co.	Synthetic GIC - Wrapper Contract No. 30035	3.430	%					(1)	—
	Metropolitan Tower Life Ins. Co.	Synthetic GIC - Wrapper Contract No. 38197	3.420	%					(1)	—
	Nationwide Life Ins. Co.	Synthetic GIC - Wrapper Contract No. GAL_WELF_IP_1213	3.510	%					(1)	—
	Pacific Life Ins. Co.	Synthetic GIC - Wrapper Contract No. G-27255.01.0001	3.490	%					(1)	—
	Prudential Ins. Co. of America	Synthetic GIC - Wrapper Contract No. GA-62437	3.560	%					(1)	—
	Royal Bank of Canada	Synthetic GIC - Wrapper Contract No. GALWells401k01	3.340	%					(1)	—
	State Street Bank and Trust Co.	Synthetic GIC - Wrapper Contract No. 109001	3.460	%					(1)	—
	Transamerica Life Ins. Co.	Synthetic GIC - Wrapper Contract No. MDA00940TR	3.470	%					(1)	—
	Voya Ret. Ins. and Annuity Co.	Synthetic GIC - Wrapper Contract No. 60352	3.440	%					(1)	—
						Total Synthetic GIC Wrapper Contracts				—

*	Galliard SA Intermediate Core Fund C	Synthetic GIC Asset Common Collective Trust							(1)	292,030,309
*	Galliard SA Intermediate Core Fund E	Synthetic GIC Asset Common Collective Trust							(1)	282,291,973
*	Galliard SA Intermediate Core Fund J	Synthetic GIC Asset Common Collective Trust							(1)	290,859,540
*	Galliard SA Intermediate Core Fund Q	Synthetic GIC Asset Common Collective Trust							(1)	290,273,521
						Total Synthetic GIC Asset Common Collective Trusts				1,155,455,343

	2-Year US Treasury Note Futures (MAR)	Synthetic GIC Asset Fixed Income Investments	—	%	04/03/2026	$	51,800,000	par	(1)	—
	Abay Leasing 2014 LLC	Synthetic GIC Asset Fixed Income Investments	2.654	%	11/09/2026	158,774		par	(1)	157,490
	Access Group Inc 2013-1	Synthetic GIC Asset Fixed Income Investments	4.489	%	02/25/2036	186,850		par	(1)	186,800
	Agilent Technologies Inc	Synthetic GIC Asset Fixed Income Investments	4.200	%	09/09/2027	2,000,000		par	(1)	2,010,420
	Agree LP	Synthetic GIC Asset Fixed Income Investments	2.000	%	06/15/2028	1,695,000		par	(1)	1,615,523
	Albemarle Corp	Synthetic GIC Asset Fixed Income Investments	4.650	%	06/01/2027	1,185,000		par	(1)	1,192,607

15 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Alexandria Real Estate Equities Inc	Synthetic GIC Asset Fixed Income Investments	4.500	%	07/30/2029	1,220,000	par	(1)	1,221,396
	Alexandria Real Estate Equities Inc	Synthetic GIC Asset Fixed Income Investments	3.800	%	04/15/2026	275,000	par	(1)	274,657
	Alliant Energy Finance LLC	Synthetic GIC Asset Fixed Income Investments	5.400	%	06/06/2027	1,600,000	par	(1)	1,621,854
	Ally Auto Receivables Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	5.080	%	12/15/2028	2,531,113	par	(1)	2,548,137
	Ally Auto Receivables Trust 2024-2	Synthetic GIC Asset Fixed Income Investments	4.140	%	07/16/2029	2,107,566	par	(1)	2,111,021
	Ally Auto Receivables Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	3.960	%	03/15/2030	2,810,000	par	(1)	2,818,984
	Ameren Corp	Synthetic GIC Asset Fixed Income Investments	5.700	%	12/01/2026	950,000	par	(1)	963,026
	American Express Co	Synthetic GIC Asset Fixed Income Investments	5.098	%	02/16/2028	430,000	par	(1)	435,085
	American Express Co	Synthetic GIC Asset Fixed Income Investments	4.731	%	04/25/2029	450,000	par	(1)	457,040
	American Express Co	Synthetic GIC Asset Fixed Income Investments	4.351	%	07/20/2029	620,000	par	(1)	624,740
	American Express Co	Synthetic GIC Asset Fixed Income Investments	5.043	%	07/26/2028	1,230,000	par	(1)	1,250,927
	American Express Co	Synthetic GIC Asset Fixed Income Investments	5.389	%	07/28/2027	2,930,000	par	(1)	2,952,690
	American Express Credit Account Master Trust	Synthetic GIC Asset Fixed Income Investments	4.280	%	04/15/2030	1,340,000	par	(1)	1,355,586
	American Express Credit Account Master Trust	Synthetic GIC Asset Fixed Income Investments	4.300	%	07/15/2030	3,510,000	par	(1)	3,556,508
	American Express Credit Account Master Trust	Synthetic GIC Asset Fixed Income Investments	5.230	%	04/15/2029	7,560,000	par	(1)	7,703,254
	American Honda Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.450	%	10/22/2027	520,000	par	(1)	524,588
	American Honda Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.900	%	07/09/2027	460,000	par	(1)	466,270
	American Honda Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.550	%	03/03/2028	1,730,000	par	(1)	1,748,445
	AMEX Credit Account Master Trust 2024-3	Synthetic GIC Asset Fixed Income Investments	4.650	%	07/15/2029	4,810,000	par	(1)	4,876,210
	Amrize Finance US LLC	Synthetic GIC Asset Fixed Income Investments	4.600	%	04/07/2027	590,000	par	(1)	593,957
	Amrize Finance US LLC	Synthetic GIC Asset Fixed Income Investments	4.700	%	04/07/2028	930,000	par	(1)	941,043
	Anglo American Capital PLC	Synthetic GIC Asset Fixed Income Investments	4.750	%	04/10/2027	666,000	par	(1)	671,170
	Aon Corp	Synthetic GIC Asset Fixed Income Investments	4.500	%	12/15/2028	700,000	par	(1)	708,586
	Ascension Health	Synthetic GIC Asset Fixed Income Investments	4.078	%	11/15/2028	2,400,000	par	(1)	2,410,666
	AT&T Inc	Synthetic GIC Asset Fixed Income Investments	1.650	%	02/01/2028	3,415,000	par	(1)	3,255,984
	AT&T Inc	Synthetic GIC Asset Fixed Income Investments	2.300	%	06/01/2027	675,000	par	(1)	659,660
	BA Credit Card Trust	Synthetic GIC Asset Fixed Income Investments	4.930	%	05/15/2029	4,745,000	par	(1)	4,819,606
	BAE Systems PLC	Synthetic GIC Asset Fixed Income Investments	5.000	%	03/26/2027	2,380,000	par	(1)	2,408,831
	Bank of America Auto Trust 2023-2	Synthetic GIC Asset Fixed Income Investments	5.740	%	06/15/2028	1,697,586	par	(1)	1,713,661
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	4.948	%	07/22/2028	2,250,000	par	(1)	2,282,144
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	4.979	%	01/24/2029	2,240,000	par	(1)	2,282,544
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	2.087	%	06/14/2029	1,600,000	par	(1)	1,526,736
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	4.376	%	04/27/2028	825,000	par	(1)	828,378
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	5.933	%	09/15/2027	710,000	par	(1)	719,206
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	3.419	%	12/20/2028	2,500,000	par	(1)	2,471,558
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	3.593	%	07/21/2028	500,000	par	(1)	496,615
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	4.623	%	05/09/2029	500,000	par	(1)	506,791
	Bank of Montreal	Synthetic GIC Asset Fixed Income Investments	5.004	%	01/27/2029	1,330,000	par	(1)	1,355,571
	Bank of Montreal	Synthetic GIC Asset Fixed Income Investments	5.203	%	02/01/2028	390,000	par	(1)	399,988
	Bank of Montreal	Synthetic GIC Asset Fixed Income Investments	4.567	%	09/10/2027	960,000	par	(1)	963,647
	Bank of New York Mellon Corp	Synthetic GIC Asset Fixed Income Investments	4.543	%	02/01/2029	850,000	par	(1)	860,571

16 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Bank of New York Mellon Corp	Synthetic GIC Asset Fixed Income Investments	3.992	%	06/13/2028	80,000	par	(1)	80,040
	Bank of New York Mellon Corp	Synthetic GIC Asset Fixed Income Investments	4.890	%	07/21/2028	1,536,000	par	(1)	1,560,066
	Bank of Nova Scotia/The	Synthetic GIC Asset Fixed Income Investments	4.404	%	09/08/2028	1,190,000	par	(1)	1,196,256
	Bank of Nova Scotia/The	Synthetic GIC Asset Fixed Income Investments	4.932	%	02/14/2029	2,640,000	par	(1)	2,691,340
	Bank of Nova Scotia/The	Synthetic GIC Asset Fixed Income Investments	4.043	%	09/15/2028	575,000	par	(1)	575,126
	Barings Equipment Finance LLC 2025-B	Synthetic GIC Asset Fixed Income Investments	4.130	%	10/13/2032	1,760,000	par	(1)	1,764,451
	Baxter International Inc	Synthetic GIC Asset Fixed Income Investments	2.272	%	12/01/2028	1,430,000	par	(1)	1,351,113
	Baxter International Inc	Synthetic GIC Asset Fixed Income Investments	1.915	%	02/01/2027	305,000	par	(1)	297,646
	Becton Dickinson & Co	Synthetic GIC Asset Fixed Income Investments	3.700	%	06/06/2027	490,000	par	(1)	488,003
	BHP Billiton Finance USA Ltd	Synthetic GIC Asset Fixed Income Investments	5.100	%	09/08/2028	430,000	par	(1)	443,249
	Black Hills Corp	Synthetic GIC Asset Fixed Income Investments	3.950	%	01/15/2026	2,655,000	par	(1)	2,654,389
	Blackrock Treasury Trust Fund	Synthetic GIC Asset Fixed Income Investments	3.630	%		25,096,355	par	(1)	25,096,355
	BLP Commercial Mortgage Trust 2025-IND2	Synthetic GIC Asset Fixed Income Investments	5.250	%	12/15/2042	710,000	par	(1)	710,660
	BMP 2024-MF23	Synthetic GIC Asset Fixed Income Investments	5.122	%	06/15/2041	1,855,000	par	(1)	1,857,896
	BMW US Capital LLC	Synthetic GIC Asset Fixed Income Investments	3.950	%	08/14/2028	800,000	par	(1)	798,275
	BMW US Capital LLC	Synthetic GIC Asset Fixed Income Investments	4.600	%	08/13/2027	1,920,000	par	(1)	1,940,062
	BMW US Capital LLC	Synthetic GIC Asset Fixed Income Investments	4.750	%	03/21/2028	1,180,000	par	(1)	1,197,490
	BMW Vehicle Lease Trust	Synthetic GIC Asset Fixed Income Investments	4.180	%	10/25/2027	3,835,000	par	(1)	3,846,958
	BMW Vehicle Owner Trust 2024-A	Synthetic GIC Asset Fixed Income Investments	5.180	%	02/26/2029	1,069,390	par	(1)	1,079,157
	BNP Paribas SA	Synthetic GIC Asset Fixed Income Investments	4.792	%	05/09/2029	970,000	par	(1)	981,155
	BNP Paribas SA	Synthetic GIC Asset Fixed Income Investments	1.904	%	09/30/2028	1,600,000	par	(1)	1,539,742
	BNP Paribas SA	Synthetic GIC Asset Fixed Income Investments	5.176	%	01/09/2030	710,000	par	(1)	727,663
	BOCA Commercial Mortgage Trust 2025-BOCA	Synthetic GIC Asset Fixed Income Investments	5.450	%	12/15/2042	1,160,000	par	(1)	1,161,449
	Boeing Co/The	Synthetic GIC Asset Fixed Income Investments	2.196	%	02/04/2026	495,000	par	(1)	494,059
	BofA Auto Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.350	%	11/20/2029	1,450,000	par	(1)	1,459,714
	BP Capital Markets America Inc	Synthetic GIC Asset Fixed Income Investments	4.234	%	11/06/2028	1,500,000	par	(1)	1,510,254
	BPCE SA	Synthetic GIC Asset Fixed Income Investments	4.750	%	07/19/2027	905,000	par	(1)	915,566
	BPCE SA	Synthetic GIC Asset Fixed Income Investments	3.250	%	01/11/2028	1,000,000	par	(1)	983,536
	Broadcom Inc	Synthetic GIC Asset Fixed Income Investments	4.150	%	02/15/2028	1,200,000	par	(1)	1,204,392
	Broadcom Inc	Synthetic GIC Asset Fixed Income Investments	4.800	%	04/15/2028	1,300,000	par	(1)	1,323,591
	BX Commercial Mortgage Trust 2021-ACNT	Synthetic GIC Asset Fixed Income Investments	4.715	%	11/15/2038	1,560,324	par	(1)	1,559,382
	BX Commercial Mortgage Trust 2024-AIRC	Synthetic GIC Asset Fixed Income Investments	5.441	%	08/15/2041	1,259,183	par	(1)	1,261,531
	BX Commercial Mortgage Trust 2024-GPA3	Synthetic GIC Asset Fixed Income Investments	5.043	%	12/15/2039	1,954,474	par	(1)	1,954,474
	BX Commercial Mortgage Trust BX 2022-CSMO A	Synthetic GIC Asset Fixed Income Investments	5.865	%	06/15/2027	1,515,000	par	(1)	1,516,892
	BX Trust 2021-RISE	Synthetic GIC Asset Fixed Income Investments	4.612	%	11/15/2036	3,169,984	par	(1)	3,167,055
	BX Trust 2022-IND	Synthetic GIC Asset Fixed Income Investments	5.241	%	04/15/2037	274,108	par	(1)	274,361
	BX Trust 2024-BIO	Synthetic GIC Asset Fixed Income Investments	5.392	%	02/15/2041	4,545,000	par	(1)	4,535,142
	BX Trust 2025-ARIA	Synthetic GIC Asset Fixed Income Investments	5.031	%	12/13/2042	1,375,000	par	(1)	1,388,795
	BX Trust 2025-DELC	Synthetic GIC Asset Fixed Income Investments	5.507	%	12/15/2042	885,000	par	(1)	886,104
	BX Trust 2025-DIME	Synthetic GIC Asset Fixed Income Investments	4.900	%	02/15/2035	1,390,000	par	(1)	1,386,528
	BX Trust 2025-GW	Synthetic GIC Asset Fixed Income Investments	5.350	%	07/15/2042	1,630,000	par	(1)	1,633,055

17 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	BX Trust 2025-ROIC	Synthetic GIC Asset Fixed Income Investments	4.894	%	03/15/2030	2,584,918	par	(1)	2,581,690
	Canadian National Railway Co	Synthetic GIC Asset Fixed Income Investments	4.200	%	03/12/2031	955,000	par	(1)	954,182
	Canadian Natural Resources Ltd	Synthetic GIC Asset Fixed Income Investments	3.850	%	06/01/2027	1,965,000	par	(1)	1,959,860
	Canadian Pacific Railway Co	Synthetic GIC Asset Fixed Income Investments	4.000	%	06/01/2028	1,270,000	par	(1)	1,270,781
	Canadian Pacific Railway Co	Synthetic GIC Asset Fixed Income Investments	3.700	%	02/01/2026	1,600,000	par	(1)	1,598,894
	Capital One Financial Corp	Synthetic GIC Asset Fixed Income Investments	1.878	%	11/02/2027	550,000	par	(1)	539,688
	Capital One Financial Corp	Synthetic GIC Asset Fixed Income Investments	4.927	%	05/10/2028	605,000	par	(1)	612,209
	Capital One Prime Auto Receivables Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	3.850	%	07/15/2030	2,670,000	par	(1)	2,671,850
	CarMax Auto Owner Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	4.920	%	10/16/2028	5,382,467	par	(1)	5,424,187
	CarMax Auto Owner Trust 2024-2	Synthetic GIC Asset Fixed Income Investments	5.500	%	01/16/2029	1,375,000	par	(1)	1,393,888
	Carmax Auto Owner Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.840	%	01/15/2030	1,700,000	par	(1)	1,725,102
	Carmax Auto Owner Trust 2025-2	Synthetic GIC Asset Fixed Income Investments	4.480	%	03/15/2030	2,250,000	par	(1)	2,274,824
	Carmax Auto Owner Trust 2025-4	Synthetic GIC Asset Fixed Income Investments	3.970	%	12/16/2030	2,050,000	par	(1)	2,053,788
	CenterPoint Energy Houston Electric LLC	Synthetic GIC Asset Fixed Income Investments	5.200	%	10/01/2028	1,080,000	par	(1)	1,115,424
	CenterPoint Energy Houston Electric LLC	Synthetic GIC Asset Fixed Income Investments	4.800	%	03/15/2030	680,000	par	(1)	696,935
	CES MU2 LLC	Synthetic GIC Asset Fixed Income Investments	2.166	%	12/16/2026	635,992	par	(1)	628,123
	Chase Auto Owner Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	5.130	%	05/25/2029	3,744,336	par	(1)	3,778,238
	Chase Auto Owner Trust 2024-2A	Synthetic GIC Asset Fixed Income Investments	5.520	%	06/25/2029	1,850,868	par	(1)	1,876,658
	Chase Auto Owner Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.290	%	06/25/2030	2,425,000	par	(1)	2,445,501
	Chase Auto Owner Trust 2025-2	Synthetic GIC Asset Fixed Income Investments	3.860	%	10/25/2030	3,645,000	par	(1)	3,648,375
	Chesapeake Funding II LLC	Synthetic GIC Asset Fixed Income Investments	6.160	%	10/15/2035	1,938,852	par	(1)	1,959,344
	Chesapeake Funding II LLC	Synthetic GIC Asset Fixed Income Investments	5.650	%	05/15/2035	690,893	par	(1)	694,118
	Children's Hospital Medical Center/Cincinnati OH	Synthetic GIC Asset Fixed Income Investments	2.853	%	11/15/2026	325,000	par	(1)	321,174
	CHRISTUS Health	Synthetic GIC Asset Fixed Income Investments	4.341	%	07/01/2028	1,235,000	par	(1)	1,239,915
	Citibank Credit Card Issuance Trust	Synthetic GIC Asset Fixed Income Investments	4.300	%	06/21/2030	1,885,000	par	(1)	1,907,382
	Citigroup Commercial Mortgage Trust 2015-GC31	Synthetic GIC Asset Fixed Income Investments	3.762	%	06/10/2048	65,968	par	(1)	64,919
	Citigroup Commercial Mortgage Trust 2016-C1	Synthetic GIC Asset Fixed Income Investments	3.209	%	05/10/2049	4,237,000	par	(1)	4,220,556
	Citigroup Commercial Mortgage Trust 2016-P6	Synthetic GIC Asset Fixed Income Investments	3.458	%	12/10/2049	3,086,094	par	(1)	3,070,025
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	1.462	%	06/09/2027	1,500,000	par	(1)	1,482,860
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	3.070	%	02/24/2028	830,000	par	(1)	820,632
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	4.786	%	03/04/2029	840,000	par	(1)	852,281
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	3.668	%	07/24/2028	2,800,000	par	(1)	2,782,536
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	3.520	%	10/27/2028	2,880,000	par	(1)	2,854,708
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	4.658	%	05/24/2028	605,000	par	(1)	610,158
	Citizens Bank NA/Providence RI	Synthetic GIC Asset Fixed Income Investments	4.575	%	08/09/2028	1,000,000	par	(1)	1,007,605
	City of Atlanta GA Water & Wastewater Revenue	Synthetic GIC Asset Fixed Income Investments	1.537	%	11/01/2028	225,000	par	(1)	212,283
	City of New York NY	Synthetic GIC Asset Fixed Income Investments	4.820	%	02/01/2029	1,250,000	par	(1)	1,284,750
	City of West Palm Beach FL Utility System Revenue	Synthetic GIC Asset Fixed Income Investments	3.291	%	10/01/2028	2,100,000	par	(1)	2,069,718
	CNH Equipment Trust 2022-B	Synthetic GIC Asset Fixed Income Investments	3.890	%	11/15/2027	256,697	par	(1)	256,589
	CNH Equipment Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	4.360	%	08/15/2030	2,040,000	par	(1)	2,061,667
	CNH Industrial Capital LLC	Synthetic GIC Asset Fixed Income Investments	4.750	%	03/21/2028	850,000	par	(1)	859,935

18 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	CNH Industrial Capital LLC	Synthetic GIC Asset Fixed Income Investments	4.550	%	04/10/2028	1,500,000	par	(1)	1,510,692
	CNH Industrial Capital LLC	Synthetic GIC Asset Fixed Income Investments	1.450	%	07/15/2026	1,460,000	par	(1)	1,438,417
	Comcast Corp	Synthetic GIC Asset Fixed Income Investments	4.150	%	10/15/2028	1,370,000	par	(1)	1,377,287
	Comcast Corp	Synthetic GIC Asset Fixed Income Investments	3.550	%	05/01/2028	560,000	par	(1)	555,537
	COMM 2016-COR1 Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	2.826	%	10/10/2049	4,051,498	par	(1)	4,021,598
	COMM 2016-DC2 Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	3.765	%	02/10/2049	254,814	par	(1)	254,480
	CommonSpirit Health	Synthetic GIC Asset Fixed Income Investments	4.352	%	09/01/2030	1,070,000	par	(1)	1,066,335
	Commonwealth of Massachusetts	Synthetic GIC Asset Fixed Income Investments	4.110	%	07/15/2031	984,148	par	(1)	983,863
	Connecticut Light and Power Co/The	Synthetic GIC Asset Fixed Income Investments	4.950	%	01/15/2030	1,860,000	par	(1)	1,909,478
	Consumers 2023 Securitization Funding LLC	Synthetic GIC Asset Fixed Income Investments	5.210	%	09/01/2030	3,620,000	par	(1)	3,733,292
	Consumers Energy Co	Synthetic GIC Asset Fixed Income Investments	3.800	%	11/15/2028	330,000	par	(1)	328,914
	Cooperatieve Rabobank UA	Synthetic GIC Asset Fixed Income Investments	1.106	%	02/24/2027	1,500,000	par	(1)	1,493,432
	Cooperatieve Rabobank UA	Synthetic GIC Asset Fixed Income Investments	3.649	%	04/06/2028	3,050,000	par	(1)	3,034,817
	Corebridge Global Funding	Synthetic GIC Asset Fixed Income Investments	5.900	%	09/19/2028	970,000	par	(1)	1,013,405
	Corebridge Global Funding	Synthetic GIC Asset Fixed Income Investments	4.250	%	08/21/2028	700,000	par	(1)	702,027
	Cornell University	Synthetic GIC Asset Fixed Income Investments	4.169	%	06/15/2030	1,355,000	par	(1)	1,361,428
	Coterra Energy Inc	Synthetic GIC Asset Fixed Income Investments	3.900	%	05/15/2027	1,700,000	par	(1)	1,693,763
	CRH America Finance Inc	Synthetic GIC Asset Fixed Income Investments	3.400	%	05/09/2027	750,000	par	(1)	744,179
	CRH America Finance Inc	Synthetic GIC Asset Fixed Income Investments	3.950	%	04/04/2028	650,000	par	(1)	648,118
	CRH SMW Finance DAC	Synthetic GIC Asset Fixed Income Investments	5.200	%	05/21/2029	700,000	par	(1)	723,079
	CRH SMW Finance DAC	Synthetic GIC Asset Fixed Income Investments	5.125	%	01/09/2030	500,000	par	(1)	515,775
	CubeSmart LP	Synthetic GIC Asset Fixed Income Investments	4.375	%	02/15/2029	700,000	par	(1)	702,262
	CubeSmart LP	Synthetic GIC Asset Fixed Income Investments	3.125	%	09/01/2026	500,000	par	(1)	496,725
	CVS Health Corp	Synthetic GIC Asset Fixed Income Investments	5.000	%	02/20/2026	748,000	par	(1)	748,285
	CVS Health Corp	Synthetic GIC Asset Fixed Income Investments	2.875	%	06/01/2026	1,600,000	par	(1)	1,591,922
	Daimler Truck Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	4.950	%	01/13/2028	750,000	par	(1)	761,295
	Daimler Truck Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	5.000	%	01/15/2027	1,210,000	par	(1)	1,221,744
	Daimler Truck Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	4.300	%	08/12/2027	410,000	par	(1)	411,859
	DBJPM 2016-C3 Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	2.632	%	08/10/2049	2,972,288	par	(1)	2,957,882
	Dell Equipment Finance Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	5.390	%	03/22/2030	852,865	par	(1)	858,951
	Dell Equipment Finance Trust 2025-2	Synthetic GIC Asset Fixed Income Investments	4.120	%	03/24/2031	2,055,000	par	(1)	2,061,915
	DLLAA 2023-1 LLC	Synthetic GIC Asset Fixed Income Investments	5.640	%	02/22/2028	3,209,980	par	(1)	3,244,022
	DLLAD 2021-1 LLC	Synthetic GIC Asset Fixed Income Investments	0.900	%	06/20/2029	3,338,194	par	(1)	3,323,866
	DLLST 2024-1 LLC	Synthetic GIC Asset Fixed Income Investments	5.050	%	08/20/2027	1,525,579	par	(1)	1,532,187
	DOC DR LLC	Synthetic GIC Asset Fixed Income Investments	4.300	%	03/15/2027	500,000	par	(1)	500,759
	Duke Energy Carolinas LLC	Synthetic GIC Asset Fixed Income Investments	2.450	%	08/15/2029	1,500,000	par	(1)	1,421,055
	Duke Energy Florida LLC	Synthetic GIC Asset Fixed Income Investments	4.200	%	12/01/2030	310,000	par	(1)	310,447
	Eastman Chemical Co	Synthetic GIC Asset Fixed Income Investments	5.000	%	08/01/2029	1,050,000	par	(1)	1,071,781
	Eastman Chemical Co	Synthetic GIC Asset Fixed Income Investments	4.500	%	12/01/2028	1,200,000	par	(1)	1,209,421
	eBay Inc	Synthetic GIC Asset Fixed Income Investments	4.250	%	03/06/2029	740,000	par	(1)	742,595
	ECMC Group Student Loan Trust 2021-1	Synthetic GIC Asset Fixed Income Investments	4.559	%	11/25/2070	265,508	par	(1)	262,713

19 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	ELM Trust 2024-ELM	Synthetic GIC Asset Fixed Income Investments	5.801	%	06/10/2039	2,085,000	par	(1)	2,096,078
	ELM Trust 2024-ELM	Synthetic GIC Asset Fixed Income Investments	5.801	%	06/10/2039	1,940,000	par	(1)	1,950,307
	EMD Finance LLC	Synthetic GIC Asset Fixed Income Investments	4.125	%	08/15/2028	1,380,000	par	(1)	1,383,504
	Empire State Development Corp	Synthetic GIC Asset Fixed Income Investments	3.170	%	03/15/2026	275,000	par	(1)	274,648
	Enbridge Inc	Synthetic GIC Asset Fixed Income Investments	5.250	%	04/05/2027	745,000	par	(1)	755,372
	Enbridge Inc	Synthetic GIC Asset Fixed Income Investments	3.700	%	07/15/2027	800,000	par	(1)	795,950
	Enbridge Inc	Synthetic GIC Asset Fixed Income Investments	4.600	%	06/20/2028	210,000	par	(1)	212,239
	Energy Transfer LP	Synthetic GIC Asset Fixed Income Investments	4.400	%	03/15/2027	500,000	par	(1)	501,583
	Energy Transfer LP	Synthetic GIC Asset Fixed Income Investments	6.050	%	12/01/2026	1,930,000	par	(1)	1,961,119
	Entergy Arkansas LLC	Synthetic GIC Asset Fixed Income Investments	4.000	%	06/01/2028	1,700,000	par	(1)	1,702,635
	Enterprise Fleet Financing 2023-3 LLC	Synthetic GIC Asset Fixed Income Investments	6.400	%	03/20/2030	2,338,387	par	(1)	2,367,149
	Enterprise Fleet Financing 2024-2 LLC	Synthetic GIC Asset Fixed Income Investments	5.610	%	04/20/2028	2,020,000	par	(1)	2,054,360
	Enterprise Fleet Financing 2024-3 LLC	Synthetic GIC Asset Fixed Income Investments	4.980	%	08/21/2028	2,885,000	par	(1)	2,925,808
	Enterprise Fleet Financing 2025-2 LLC	Synthetic GIC Asset Fixed Income Investments	4.410	%	06/20/2029	3,300,000	par	(1)	3,334,805
	Enterprise Fleet Financing 2025-3 LLC	Synthetic GIC Asset Fixed Income Investments	4.460	%	09/20/2029	2,505,000	par	(1)	2,536,906
	Enterprise Fleet Financing 2025-4 LLC	Synthetic GIC Asset Fixed Income Investments	4.110	%	12/20/2029	4,015,000	par	(1)	4,033,043
	Enterprise Products Operating LLC	Synthetic GIC Asset Fixed Income Investments	4.300	%	06/20/2028	1,370,000	par	(1)	1,382,185
	EOG Resources Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	07/15/2028	510,000	par	(1)	515,869
	Equifax Inc	Synthetic GIC Asset Fixed Income Investments	5.100	%	12/15/2027	1,500,000	par	(1)	1,528,655
	Equifax Inc	Synthetic GIC Asset Fixed Income Investments	5.100	%	06/01/2028	715,000	par	(1)	730,747
	Equifax Inc	Synthetic GIC Asset Fixed Income Investments	4.800	%	09/15/2029	390,000	par	(1)	396,557
	Ethiopian Leasing 2012 LLC	Synthetic GIC Asset Fixed Income Investments	2.566	%	08/14/2026	576,688	par	(1)	570,030
	Ethiopian Leasing 2012 LLC	Synthetic GIC Asset Fixed Income Investments	2.646	%	05/12/2026	103,191	par	(1)	102,776
	Evergy Kansas Central Inc	Synthetic GIC Asset Fixed Income Investments	4.700	%	03/13/2028	1,350,000	par	(1)	1,371,024
	EXIM Bank of the United States	Synthetic GIC Asset Fixed Income Investments	2.329	%	01/14/2027	96,591	par	(1)	94,426
	EXIM Bank of the United States	Synthetic GIC Asset Fixed Income Investments	2.372	%	03/19/2027	117,647	par	(1)	116,062
	Experian Finance PLC	Synthetic GIC Asset Fixed Income Investments	4.250	%	02/01/2029	1,400,000	par	(1)	1,403,966
	Extended Stay America Trust 2025-ESH	Synthetic GIC Asset Fixed Income Investments	5.050	%	10/15/2042	2,120,000	par	(1)	2,123,309
	Extra Space Storage LP	Synthetic GIC Asset Fixed Income Investments	5.700	%	04/01/2028	400,000	par	(1)	413,378
	Extra Space Storage LP	Synthetic GIC Asset Fixed Income Investments	3.900	%	04/01/2029	1,000,000	par	(1)	988,632
	Extra Space Storage LP	Synthetic GIC Asset Fixed Income Investments	3.500	%	07/01/2026	1,130,000	par	(1)	1,126,537
	Fannie Mae Grantor Trust 2004-T2	Synthetic GIC Asset Fixed Income Investments	6.000	%	11/25/2043	205,066	par	(1)	210,829
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	08/01/2045	117,180	par	(1)	121,932
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	08/01/2045	29,899	par	(1)	30,948
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	08/01/2045	118,557	par	(1)	123,350
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.233	%	07/01/2045	35,437	par	(1)	36,838
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.225	%	06/01/2045	12,451	par	(1)	12,943
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.600	%	04/01/2045	63,760	par	(1)	65,971
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.600	%	04/01/2045	179,519	par	(1)	186,644
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.586	%	02/01/2045	162,540	par	(1)	169,601
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	10/01/2044	36,650	par	(1)	38,178

20 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	09/01/2044	5,811	par	(1)	6,044
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.340	%	08/01/2044	67,999	par	(1)	71,239
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.250	%	08/01/2044	55,035	par	(1)	57,309
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.340	%	08/01/2044	30,865	par	(1)	31,974
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.321	%	08/01/2044	221,998	par	(1)	231,073
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.637	%	03/01/2042	18,987	par	(1)	19,700
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.297	%	11/01/2041	35,853	par	(1)	37,158
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.334	%	11/01/2041	70,066	par	(1)	73,583
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.500	%	10/01/2041	79,239	par	(1)	82,305
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.815	%	02/01/2041	2,200	par	(1)	2,280
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.486	%	05/01/2036	87,323	par	(1)	86,598
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.375	%	05/01/2037	79,670	par	(1)	82,099
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.625	%	05/01/2038	89,379	par	(1)	92,530
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.247	%	08/01/2034	20,355	par	(1)	21,051
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.944	%	06/01/2034	321,147	par	(1)	330,597
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.908	%	05/01/2034	17,990	par	(1)	18,582
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.178	%	03/01/2034	46,757	par	(1)	48,031
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.882	%	12/01/2033	71,729	par	(1)	73,255
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.781	%	10/01/2033	146,421	par	(1)	148,600
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.211	%	08/01/2033	36,344	par	(1)	37,242
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.255	%	08/01/2033	72,501	par	(1)	73,923
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.901	%	08/01/2035	27,490	par	(1)	27,938
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.987	%	06/01/2033	205,498	par	(1)	209,754
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.215	%	11/01/2032	178,493	par	(1)	174,952
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.653	%	10/01/2032	83,783	par	(1)	83,053
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.090	%	01/01/2029	4,120,000	par	(1)	4,246,538
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.281	%	06/01/2047	231,641	par	(1)	241,132
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.326	%	06/01/2047	224,845	par	(1)	233,965
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.277	%	07/01/2047	123,312	par	(1)	128,353
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.180	%	12/01/2028	2,200,000	par	(1)	2,270,825
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.360	%	07/01/2047	180,061	par	(1)	186,096
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.469	%	07/01/2047	23,669	par	(1)	24,685
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	09/01/2047	183,617	par	(1)	191,636
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.330	%	12/01/2028	5,110,000	par	(1)	5,300,169
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.540	%	12/01/2027	5,600,000	par	(1)	5,750,506
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.094	%	11/01/2047	261,852	par	(1)	272,550
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.920	%	10/01/2028	8,510,000	par	(1)	8,720,793
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.451	%	05/01/2047	101,680	par	(1)	105,861
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.563	%	02/01/2048	208,440	par	(1)	216,407
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.380	%	10/01/2028	7,260,000	par	(1)	7,529,753
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.565	%	05/01/2048	449,027	par	(1)	466,849

21 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.790	%	03/01/2028	1,630,000	par	(1)	1,645,765
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.187	%	11/01/2048	61,375	par	(1)	63,717
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.340	%	07/01/2046	86,021	par	(1)	89,488
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.989	%	01/01/2049	189,699	par	(1)	196,873
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.225	%	12/01/2046	86,518	par	(1)	89,953
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	08/01/2056	1,151,583	par	(1)	1,161,404
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	08/01/2027	92,209	par	(1)	91,145
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.054	%	08/01/2049	1,140,753	par	(1)	1,165,940
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.038	%	08/01/2049	593,761	par	(1)	607,605
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.777	%	11/01/2049	1,442,778	par	(1)	1,463,054
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.851	%	11/01/2049	479,083	par	(1)	486,060
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.839	%	11/01/2049	284,595	par	(1)	288,743
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.841	%	12/01/2049	236,160	par	(1)	239,273
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	11/01/2027	476,296	par	(1)	470,219
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.628	%	12/01/2049	630,932	par	(1)	637,843
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.743	%	12/01/2049	684,597	par	(1)	692,654
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.669	%	01/01/2050	1,808,511	par	(1)	1,826,012
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.738	%	01/01/2050	1,587,632	par	(1)	1,603,757
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.075	%	05/01/2052	391,717	par	(1)	380,959
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.543	%	06/01/2052	3,859,152	par	(1)	3,704,176
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.595	%	07/01/2052	2,053,064	par	(1)	2,019,757
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.779	%	06/01/2052	669,225	par	(1)	661,702
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.846	%	07/01/2052	855,025	par	(1)	846,672
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.089	%	08/01/2052	2,999,203	par	(1)	2,986,631
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.000	%	02/01/2033	12,548	par	(1)	12,877
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.471	%	06/01/2052	3,317,053	par	(1)	3,181,634
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.144	%	06/01/2053	7,293,845	par	(1)	7,439,948
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.203	%	12/01/2052	500,271	par	(1)	509,860
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.846	%	12/01/2052	2,684,372	par	(1)	2,716,716
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.098	%	11/01/2052	808,446	par	(1)	822,345
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.481	%	09/01/2052	4,725,033	par	(1)	4,648,794
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.570	%	10/01/2052	3,273,523	par	(1)	3,294,641
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.528	%	08/01/2052	2,205,656	par	(1)	2,218,491
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.687	%	10/01/2052	1,052,425	par	(1)	1,061,654
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	07/01/2034	177,641	par	(1)	171,289
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	07/01/2034	831,008	par	(1)	806,852
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.100	%	11/01/2045	162,306	par	(1)	168,806
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.975	%	12/01/2045	35,367	par	(1)	36,771
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	08/01/2027	44,785	par	(1)	44,250
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	09/01/2027	65,542	par	(1)	64,979
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	02/01/2027	47,088	par	(1)	46,765

22 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	12/01/2026	64,261	par	(1)	63,750
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	05/01/2031	179,676	par	(1)	176,201
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	04/01/2031	829,732	par	(1)	813,431
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	02/01/2031	75,211	par	(1)	73,734
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	02/01/2031	105,056	par	(1)	103,178
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	08/01/2027	226,022	par	(1)	224,109
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.500	%	09/01/2036	114,434	par	(1)	117,570
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.360	%	10/01/2046	127,511	par	(1)	132,844
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.500	%	02/01/2036	23,229	par	(1)	23,536
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.500	%	04/01/2033	55,813	par	(1)	57,144
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	02/01/2034	278,230	par	(1)	278,586
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	02/01/2034	411,169	par	(1)	411,680
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	06/01/2035	155,384	par	(1)	157,627
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	10/01/2035	77,217	par	(1)	79,359
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	08/01/2029	2,318,697	par	(1)	2,383,766
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.280	%	02/01/2030	1,350,000	par	(1)	1,362,883
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.441	%	06/01/2047	113,493	par	(1)	118,098
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.360	%	01/01/2030	840,000	par	(1)	850,521
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.255	%	01/01/2030	290,000	par	(1)	292,495
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.350	%	12/01/2029	1,740,000	par	(1)	1,757,852
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.320	%	01/01/2030	1,890,000	par	(1)	1,910,847
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.300	%	01/01/2030	350,000	par	(1)	353,599
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.325	%	01/01/2030	2,840,000	par	(1)	2,866,588
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.297	%	11/01/2046	263,075	par	(1)	273,391
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.095	%	11/01/2046	50,545	par	(1)	52,613
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.197	%	10/01/2046	129,073	par	(1)	134,426
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.515	%	12/01/2029	6,520,000	par	(1)	6,618,478
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.860	%	01/01/2030	5,110,000	par	(1)	5,256,034
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.340	%	01/01/2030	1,450,000	par	(1)	1,467,078
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.860	%	01/01/2030	2,120,000	par	(1)	2,180,585
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.630	%	01/01/2030	3,025,000	par	(1)	3,085,494
	Fannie Mae REMIC Trust 2002-W12	Synthetic GIC Asset Fixed Income Investments	5.066	%	02/25/2033	518	par	(1)	517
	Fannie Mae REMIC Trust 2003-W11	Synthetic GIC Asset Fixed Income Investments	7.112	%	07/25/2033	9,871	par	(1)	9,889
	Fannie Mae REMIC Trust 2004-W11	Synthetic GIC Asset Fixed Income Investments	7.000	%	05/25/2044	272,653	par	(1)	277,202
	Fannie Mae REMICS	Synthetic GIC Asset Fixed Income Investments	5.500	%	04/25/2035	584,606	par	(1)	611,759
	Fannie Mae REMICS	Synthetic GIC Asset Fixed Income Investments	5.500	%	04/25/2035	577,688	par	(1)	600,663
	Fannie Mae REMICS	Synthetic GIC Asset Fixed Income Investments	2.500	%	03/25/2037	10,188	par	(1)	9,872
	Fannie Mae Trust 2003-W6	Synthetic GIC Asset Fixed Income Investments	6.500	%	09/25/2042	76,027	par	(1)	78,527
	Fannie Mae Trust 2004-W1	Synthetic GIC Asset Fixed Income Investments	7.000	%	12/25/2033	163,449	par	(1)	172,141
	Federal Realty OP LP	Synthetic GIC Asset Fixed Income Investments	5.375	%	05/01/2028	1,699,000	par	(1)	1,742,119
	Federal Realty OP LP	Synthetic GIC Asset Fixed Income Investments	3.250	%	07/15/2027	1,230,000	par	(1)	1,215,512

23 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	FedEx Corp	Synthetic GIC Asset Fixed Income Investments	3.400	%	02/15/2028	1,560,000	par	(1)	1,537,795
	FedEx Corp	Synthetic GIC Asset Fixed Income Investments	3.100	%	08/05/2029	738,000	par	(1)	709,819
	Fifth Third Auto Trust 2023-1	Synthetic GIC Asset Fixed Income Investments	5.530	%	08/15/2028	2,770,268	par	(1)	2,793,236
	Fifth Third Bancorp	Synthetic GIC Asset Fixed Income Investments	4.055	%	04/25/2028	350,000	par	(1)	349,734
	Fifth Third Bank NA	Synthetic GIC Asset Fixed Income Investments	3.850	%	03/15/2026	1,535,000	par	(1)	1,533,798
	Fifth Third Bank NA	Synthetic GIC Asset Fixed Income Investments	4.967	%	01/28/2028	970,000	par	(1)	979,213
	FirstEnergy Pennsylvania Electric Co	Synthetic GIC Asset Fixed Income Investments	5.150	%	03/30/2026	380,000	par	(1)	380,901
	Fiserv Inc	Synthetic GIC Asset Fixed Income Investments	4.200	%	10/01/2028	2,000,000	par	(1)	1,995,526
	Fiserv Inc	Synthetic GIC Asset Fixed Income Investments	3.500	%	07/01/2029	550,000	par	(1)	533,724
	FMC Corp	Synthetic GIC Asset Fixed Income Investments	3.200	%	10/01/2026	1,140,000	par	(1)	1,128,405
	Ford Credit Auto Lease Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	4.230	%	12/15/2028	2,675,000	par	(1)	2,692,639
	Ford Credit Auto Owner Trust 2022-REV1	Synthetic GIC Asset Fixed Income Investments	3.880	%	11/15/2034	1,915,000	par	(1)	1,915,308
	Ford Credit Auto Owner Trust 2023-C	Synthetic GIC Asset Fixed Income Investments	5.530	%	09/15/2028	3,404,718	par	(1)	3,439,500
	Ford Credit Auto Owner Trust 2024-C	Synthetic GIC Asset Fixed Income Investments	4.070	%	07/15/2029	3,845,000	par	(1)	3,857,039
	Ford Credit Auto Owner Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	4.450	%	10/15/2029	1,805,000	par	(1)	1,823,072
	Ford Credit Floorplan Master Owner Trust A	Synthetic GIC Asset Fixed Income Investments	5.290	%	04/15/2029	2,205,000	par	(1)	2,244,106
	Ford Credit Floorplan Master Owner Trust A	Synthetic GIC Asset Fixed Income Investments	4.060	%	09/15/2030	1,825,000	par	(1)	1,830,962
	Ford Motor Credit Co LLC	Synthetic GIC Asset Fixed Income Investments	5.125	%	11/05/2026	1,340,000	par	(1)	1,347,378
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	08/01/2027	151,423	par	(1)	150,224
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	10/01/2026	13,604	par	(1)	13,532
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.000	%	08/01/2038	292,383	par	(1)	309,672
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.000	%	08/01/2038	616,078	par	(1)	652,511
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	5.500	%	12/01/2033	40,537	par	(1)	41,166
	Freddie Mac Multifam Struct PT Cert	Synthetic GIC Asset Fixed Income Investments	5.985	%	01/25/2046	121,937	par	(1)	121,486
	Freddie Mac Multifamily Structured PT Cert	Synthetic GIC Asset Fixed Income Investments	4.850	%	09/25/2028	8,850,000	par	(1)	9,071,259
	Freddie Mac Multifamily Structured PT Cert	Synthetic GIC Asset Fixed Income Investments	4.865	%	11/25/2029	8,122,913	par	(1)	8,136,771
	Freddie Mac Multifamily Structured PT Cert	Synthetic GIC Asset Fixed Income Investments	4.860	%	10/25/2028	2,910,000	par	(1)	2,980,495
	Freddie Mac Multifamily Structured PT Cert	Synthetic GIC Asset Fixed Income Investments	4.950	%	11/25/2054	4,158,011	par	(1)	4,219,204
	Freddie Mac Multifamily Structured PT Certificates	Synthetic GIC Asset Fixed Income Investments	6.393	%	10/25/2047	116,463	par	(1)	116,497
	Freddie Mac Multifamily Structured PT Certificates	Synthetic GIC Asset Fixed Income Investments	1.235	%	05/25/2051	985,093	par	(1)	977,379
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	5.011	%	09/01/2053	7,446,690	par	(1)	7,548,062
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	5.608	%	04/01/2053	4,203,359	par	(1)	4,285,543
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.860	%	12/01/2052	3,130,376	par	(1)	3,161,464
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.571	%	11/01/2052	359,655	par	(1)	361,085
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.885	%	04/01/2038	153,441	par	(1)	159,764
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.288	%	06/01/2047	146,991	par	(1)	152,729
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.265	%	07/01/2047	12,976	par	(1)	13,467
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.390	%	08/01/2047	42,880	par	(1)	44,632
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.380	%	10/01/2047	78,929	par	(1)	82,159
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.625	%	08/01/2035	3,124	par	(1)	3,197
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.745	%	05/01/2038	14,523	par	(1)	14,970

24 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	5.890	%	06/01/2036	36,948	par	(1)	37,735
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.645	%	09/01/2037	169,223	par	(1)	176,002
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.005	%	11/01/2047	165,781	par	(1)	172,090
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.130	%	11/01/2047	51,159	par	(1)	53,177
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.523	%	01/01/2047	318,154	par	(1)	329,858
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.543	%	05/01/2048	97,948	par	(1)	101,439
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.265	%	01/01/2041	20,066	par	(1)	20,746
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.024	%	11/01/2046	19,286	par	(1)	20,127
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.706	%	02/01/2042	7,350	par	(1)	7,594
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.555	%	05/01/2047	52,225	par	(1)	54,263
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.356	%	10/01/2046	142,806	par	(1)	148,588
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.553	%	05/01/2042	143,098	par	(1)	149,118
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.444	%	07/01/2042	47,643	par	(1)	49,314
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.500	%	08/01/2042	18,122	par	(1)	18,740
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.500	%	09/01/2042	65,966	par	(1)	68,725
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	2.871	%	03/01/2046	69,412	par	(1)	71,333
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.390	%	08/01/2043	85,997	par	(1)	89,614
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.296	%	10/01/2043	174,702	par	(1)	181,803
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.539	%	05/01/2044	124,193	par	(1)	129,006
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.556	%	02/01/2046	23,708	par	(1)	24,571
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.600	%	05/01/2044	128,740	par	(1)	133,827
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.279	%	06/01/2044	63,671	par	(1)	65,715
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	08/01/2044	67,662	par	(1)	70,309
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.258	%	10/01/2046	309,214	par	(1)	321,544
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.214	%	10/01/2046	64,929	par	(1)	67,497
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.445	%	12/01/2042	33,364	par	(1)	34,506
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.251	%	06/01/2049	267,764	par	(1)	273,940
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.215	%	07/01/2049	606,349	par	(1)	623,636
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.108	%	11/01/2045	932,718	par	(1)	968,314
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.461	%	01/01/2043	77,447	par	(1)	80,578
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.611	%	04/01/2046	116,164	par	(1)	120,620
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.029	%	12/01/2044	105,191	par	(1)	108,879
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.510	%	01/01/2045	86,583	par	(1)	89,522
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.547	%	02/01/2046	190,298	par	(1)	197,931
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.600	%	04/01/2045	95,978	par	(1)	99,830
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.600	%	05/01/2045	91,459	par	(1)	95,300
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.493	%	07/01/2052	3,150,289	par	(1)	3,082,076
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.505	%	03/01/2046	88,262	par	(1)	91,544
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.390	%	01/01/2046	61,164	par	(1)	63,363
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.995	%	08/01/2052	4,226,763	par	(1)	4,186,452
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.306	%	06/01/2045	10,485	par	(1)	10,876

25 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.310	%	07/01/2045	260,073	par	(1)	269,901
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	08/01/2045	69,878	par	(1)	72,546
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	08/01/2045	16,932	par	(1)	17,578
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.336	%	08/01/2045	459,385	par	(1)	477,018
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.662	%	08/01/2052	4,619,822	par	(1)	4,540,019
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.370	%	08/01/2045	21,115	par	(1)	21,993
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.130	%	11/01/2045	145,234	par	(1)	150,788
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.130	%	10/01/2045	29,307	par	(1)	30,475
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.043	%	09/01/2052	5,733,935	par	(1)	5,686,544
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.148	%	09/01/2052	1,719,666	par	(1)	1,708,688
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.370	%	09/01/2045	75,207	par	(1)	78,151
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.697	%	09/01/2052	299,368	par	(1)	301,318
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.286	%	10/01/2052	2,654,078	par	(1)	2,646,697
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	07/01/2034	801,711	par	(1)	777,874
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	948,332	par	(1)	924,470
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	1,698,455	par	(1)	1,655,717
	Freddie Mac REMICS	Synthetic GIC Asset Fixed Income Investments	3.000	%	12/15/2044	11,970	par	(1)	11,495
	Freddie Mac Struct PT Cert	Synthetic GIC Asset Fixed Income Investments	5.231	%	05/25/2043	1,495,870	par	(1)	1,427,951
	Freddie Struct PT Cert	Synthetic GIC Asset Fixed Income Investments	7.000	%	07/25/2043	114,142	par	(1)	121,342
	GE HealthCare Technologies Inc	Synthetic GIC Asset Fixed Income Investments	4.150	%	12/15/2028	240,000	par	(1)	240,774
	GE HealthCare Technologies Inc	Synthetic GIC Asset Fixed Income Investments	5.650	%	11/15/2027	1,680,000	par	(1)	1,729,809
	General Mills Inc	Synthetic GIC Asset Fixed Income Investments	4.200	%	04/17/2028	1,560,000	par	(1)	1,565,419
	General Motors Financial Co Inc	Synthetic GIC Asset Fixed Income Investments	2.400	%	04/10/2028	680,000	par	(1)	654,701
	General Motors Financial Co Inc	Synthetic GIC Asset Fixed Income Investments	5.050	%	04/04/2028	1,030,000	par	(1)	1,049,297
	General Motors Financial Co Inc	Synthetic GIC Asset Fixed Income Investments	5.400	%	05/08/2027	1,680,000	par	(1)	1,707,693
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.625	%	10/20/2045	56,613	par	(1)	57,934
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	5.625	%	03/20/2042	35,561	par	(1)	36,247
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	5.625	%	04/20/2042	117,437	par	(1)	119,861
	Ginnie Mae II Pool	Synthetic GIC Asset Fixed Income Investments	4.600	%	01/20/2067	175	par	(1)	175
	Ginnie Mae II Pool	Synthetic GIC Asset Fixed Income Investments	4.600	%	12/20/2066	383	par	(1)	384
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.740	%	06/20/2061	288	par	(1)	286
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.625	%	12/20/2045	17,448	par	(1)	17,856
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.539	%	03/20/2058	19,694	par	(1)	19,803
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.860	%	05/20/2058	111,265	par	(1)	111,317
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	5.470	%	08/20/2059	2,144	par	(1)	2,140
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	5.040	%	06/20/2058	13,760	par	(1)	13,938
	GM Financial Consumer Auto Rec Trust 2024-3	Synthetic GIC Asset Fixed Income Investments	5.130	%	04/16/2029	2,575,000	par	(1)	2,602,205
	GM Financial Consumer Automobile Rec Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	4.850	%	12/18/2028	3,581,180	par	(1)	3,603,040
	GMF Floorplan Owner Revolving Trust	Synthetic GIC Asset Fixed Income Investments	5.340	%	06/15/2028	4,025,000	par	(1)	4,049,098
	GNMA	Synthetic GIC Asset Fixed Income Investments	4.764	%	10/20/2065	604,250	par	(1)	605,155
	GNMA	Synthetic GIC Asset Fixed Income Investments	5.114	%	12/20/2066	653,505	par	(1)	657,757

26 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Goldman Sachs Group Inc	Synthetic GIC Asset Fixed Income Investments	1.431	%	03/09/2027	1,000,000	par	(1)	994,905
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	4.223	%	05/01/2029	800,000	par	(1)	801,862
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	2.640	%	02/24/2028	3,405,000	par	(1)	3,352,192
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	4.482	%	08/23/2028	700,000	par	(1)	705,007
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	1.542	%	09/10/2027	2,100,000	par	(1)	2,063,410
	Government National Mortgage Association	Synthetic GIC Asset Fixed Income Investments	5.014	%	01/20/2066	466,345	par	(1)	468,589
	Great Wolf Trust 2024-WLF2 A	Synthetic GIC Asset Fixed Income Investments	5.441	%	05/15/2041	2,204,000	par	(1)	2,210,136
	GS Mortgage Securities Trust 2017-GS5	Synthetic GIC Asset Fixed Income Investments	3.409	%	03/10/2050	662,699	par	(1)	657,394
	GS Mortgage Securities Trust 2017-GS6	Synthetic GIC Asset Fixed Income Investments	3.164	%	05/10/2050	4,106,604	par	(1)	4,050,857
	GS Mortgage Securities Trust 2019-GC42	Synthetic GIC Asset Fixed Income Investments	2.749	%	09/10/2052	2,265,000	par	(1)	2,152,006
	GSK Consumer Healthcare Capital UK PLC	Synthetic GIC Asset Fixed Income Investments	3.375	%	03/24/2027	1,400,000	par	(1)	1,389,990
	Guardian Life Global Funding	Synthetic GIC Asset Fixed Income Investments	1.625	%	09/16/2028	1,200,000	par	(1)	1,128,133
	Health Care Service Corp A Mutual Legal Reserve Co	Synthetic GIC Asset Fixed Income Investments	5.200	%	06/15/2029	900,000	par	(1)	923,151
	HEALTHPARTNERS	Synthetic GIC Asset Fixed Income Investments	4.089	%	07/01/2026	1,000,000	par	(1)	1,000,220
	Healthpeak OP LLC	Synthetic GIC Asset Fixed Income Investments	2.125	%	12/01/2028	700,000	par	(1)	661,403
	Healthpeak OP LLC	Synthetic GIC Asset Fixed Income Investments	3.500	%	07/15/2029	1,500,000	par	(1)	1,458,995
	Hewlett Packard Enterprise Co	Synthetic GIC Asset Fixed Income Investments	4.400	%	09/25/2027	1,330,000	par	(1)	1,336,710
	Hewlett Packard Enterprise Co	Synthetic GIC Asset Fixed Income Investments	4.050	%	09/15/2027	920,000	par	(1)	920,276
	Hewlett Packard Enterprise Co	Synthetic GIC Asset Fixed Income Investments	4.150	%	09/15/2028	1,215,000	par	(1)	1,216,491
	HNA 2015 LLC	Synthetic GIC Asset Fixed Income Investments	2.291	%	06/30/2027	464,429	par	(1)	456,199
	Honda Auto Receivables 2022-2 Owner Trust	Synthetic GIC Asset Fixed Income Investments	3.760	%	12/18/2028	1,002,859	par	(1)	1,002,699
	Honda Auto Receivables 2023-4 Owner Trust	Synthetic GIC Asset Fixed Income Investments	5.660	%	02/21/2030	635,000	par	(1)	647,852
	Honda Auto Receivables 2024-3 Owner Trust	Synthetic GIC Asset Fixed Income Investments	4.570	%	03/21/2029	5,200,000	par	(1)	5,239,598
	Honda Auto Receivables 2025-2 Owner Trust	Synthetic GIC Asset Fixed Income Investments	4.150	%	10/15/2029	2,805,000	par	(1)	2,822,444
	Honda Motor Co Ltd	Synthetic GIC Asset Fixed Income Investments	4.436	%	07/08/2028	2,010,000	par	(1)	2,030,140
	Honolulu City & County Board of Water Supply	Synthetic GIC Asset Fixed Income Investments	1.600	%	07/01/2028	2,000,000	par	(1)	1,902,440
	HP Inc	Synthetic GIC Asset Fixed Income Investments	4.750	%	01/15/2028	1,340,000	par	(1)	1,355,020
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	4.041	%	03/13/2028	1,500,000	par	(1)	1,498,068
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	2.013	%	09/22/2028	1,700,000	par	(1)	1,640,935
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	2.206	%	08/17/2029	800,000	par	(1)	761,194
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	4.899	%	03/03/2029	1,800,000	par	(1)	1,826,798
	Huntington Auto Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	5.230	%	01/16/2029	4,223,670	par	(1)	4,264,918
	Huntington National Bank/The	Synthetic GIC Asset Fixed Income Investments	4.552	%	05/17/2028	1,895,000	par	(1)	1,906,442
	Hyundai Auto Lease Securitization Trust 2024-C	Synthetic GIC Asset Fixed Income Investments	4.620	%	04/17/2028	4,725,000	par	(1)	4,754,616
	Hyundai Auto Lease Securitization Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	4.830	%	01/18/2028	1,935,000	par	(1)	1,954,611
	Hyundai Auto Lease Securitization Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	4.530	%	04/17/2028	2,775,000	par	(1)	2,800,183
	Hyundai Auto Lease Securitization Trust 2025-C	Synthetic GIC Asset Fixed Income Investments	4.360	%	07/17/2028	3,175,000	par	(1)	3,201,111
	Hyundai Auto Receivables Trust 2023-C	Synthetic GIC Asset Fixed Income Investments	5.540	%	10/16/2028	3,055,520	par	(1)	3,086,317
	Hyundai Auto Receivables Trust 2024-A	Synthetic GIC Asset Fixed Income Investments	4.990	%	02/15/2029	2,678,053	par	(1)	2,700,988
	Hyundai Auto Receivables Trust 2024-B	Synthetic GIC Asset Fixed Income Investments	4.840	%	03/15/2029	1,970,000	par	(1)	1,992,066
	Hyundai Auto Receivables Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	4.320	%	10/15/2029	1,245,000	par	(1)	1,254,305

27 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Hyundai Auto Receivables Trust 2025-D	Synthetic GIC Asset Fixed Income Investments	3.990	%	09/16/2030	4,645,000	par	(1)	4,663,845
	Hyundai Capital America	Synthetic GIC Asset Fixed Income Investments	4.300	%	09/24/2027	1,060,000	par	(1)	1,063,184
	Hyundai Capital America	Synthetic GIC Asset Fixed Income Investments	5.000	%	01/07/2028	1,570,000	par	(1)	1,595,043
	Hyundai Floorplan Master Owner Trust	Synthetic GIC Asset Fixed Income Investments	4.010	%	10/15/2030	1,785,000	par	(1)	1,789,293
	Ingredion Inc	Synthetic GIC Asset Fixed Income Investments	3.200	%	10/01/2026	1,232,000	par	(1)	1,223,678
	International Business Machines Corp	Synthetic GIC Asset Fixed Income Investments	4.650	%	02/10/2028	3,010,000	par	(1)	3,054,828
	Interstate Power and Light Co	Synthetic GIC Asset Fixed Income Investments	3.600	%	04/01/2029	450,000	par	(1)	441,119
	INTOWN 2025-STAY Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	5.100	%	03/15/2042	2,555,000	par	(1)	2,558,191
	JobsOhio Beverage System	Synthetic GIC Asset Fixed Income Investments	3.985	%	01/01/2029	1,480,000	par	(1)	1,486,349
	John Deere Owner Trust 2023	Synthetic GIC Asset Fixed Income Investments	5.010	%	11/15/2027	376,305	par	(1)	378,036
	John Deere Owner Trust 2024	Synthetic GIC Asset Fixed Income Investments	4.960	%	11/15/2028	4,040,000	par	(1)	4,075,431
	John Deere Owner Trust 2024-C	Synthetic GIC Asset Fixed Income Investments	4.060	%	06/15/2029	2,785,000	par	(1)	2,793,583
	John Deere Owner Trust 2025	Synthetic GIC Asset Fixed Income Investments	4.230	%	09/17/2029	1,425,000	par	(1)	1,435,800
	JPMCC Commercial Mortgage Sec Trust 2015-JP1	Synthetic GIC Asset Fixed Income Investments	3.914	%	01/15/2049	323,992	par	(1)	322,696
	JPMCC Commercial Mortgage Sec Trust 2022-NLP	Synthetic GIC Asset Fixed Income Investments	4.597	%	04/15/2037	4,362,932	par	(1)	4,309,783
	JPMDB Commercial Mortgage Securities Trust 2016-C2	Synthetic GIC Asset Fixed Income Investments	2.881	%	06/15/2049	717,611	par	(1)	714,860
	JPMDB Commercial Mortgage Securities Trust 2016-C2	Synthetic GIC Asset Fixed Income Investments	3.144	%	06/15/2049	275,000	par	(1)	273,270
	JPMDB Commercial Mortgage Securities Trust 2016-C4	Synthetic GIC Asset Fixed Income Investments	2.882	%	12/15/2049	2,817,207	par	(1)	2,795,481
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	4.323	%	04/26/2028	1,940,000	par	(1)	1,948,198
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	4.851	%	07/25/2028	615,000	par	(1)	622,981
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	5.040	%	01/23/2028	1,200,000	par	(1)	1,212,527
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	5.571	%	04/22/2028	3,020,000	par	(1)	3,080,397
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	4.915	%	01/24/2029	2,165,000	par	(1)	2,205,955
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	1.470	%	09/22/2027	1,500,000	par	(1)	1,472,712
	KeyBank NA/Cleveland OH	Synthetic GIC Asset Fixed Income Investments	3.900	%	04/13/2029	1,070,000	par	(1)	1,050,649
	KeyBank NA/Cleveland OH	Synthetic GIC Asset Fixed Income Investments	5.850	%	11/15/2027	760,000	par	(1)	783,037
	Kinder Morgan Inc	Synthetic GIC Asset Fixed Income Investments	1.750	%	11/15/2026	500,000	par	(1)	490,831
	Kinder Morgan Inc	Synthetic GIC Asset Fixed Income Investments	5.000	%	02/01/2029	1,570,000	par	(1)	1,607,159
	Kubota Credit Owner Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	5.190	%	07/17/2028	3,480,000	par	(1)	3,519,220
	L3Harris Technologies Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	06/15/2028	990,000	par	(1)	997,642
	La Joya Independent School District	Synthetic GIC Asset Fixed Income Investments	5.000	%	02/15/2027	2,650,000	par	(1)	2,691,923
	Laboratory Corp of America Holdings	Synthetic GIC Asset Fixed Income Investments	3.600	%	09/01/2027	1,540,000	par	(1)	1,533,142
	LAD Auto Receivables Trust 2025-3	Synthetic GIC Asset Fixed Income Investments	4.030	%	01/15/2031	2,650,000	par	(1)	2,660,491
	Lennox International Inc	Synthetic GIC Asset Fixed Income Investments	5.500	%	09/15/2028	1,360,000	par	(1)	1,403,957
	Life 2022-BMR Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	5.045	%	05/15/2039	1,555,000	par	(1)	1,499,633
	Louisiana Local Govt Env Fac. & Comm Dev Auth	Synthetic GIC Asset Fixed Income Investments	5.081	%	06/01/2031	2,296,567	par	(1)	2,339,972
	Louisiana Local Govt Env Fac. & Comm Dev Auth	Synthetic GIC Asset Fixed Income Investments	3.615	%	02/01/2027	1,787,295	par	(1)	1,782,523
	M&T Bank Auto Receivables Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	5.220	%	02/17/2032	2,182,118	par	(1)	2,206,086
	Manufacturers & Traders Trust Co	Synthetic GIC Asset Fixed Income Investments	4.762	%	07/06/2028	1,350,000	par	(1)	1,362,439
	Marathon Petroleum Corp	Synthetic GIC Asset Fixed Income Investments	3.800	%	04/01/2028	1,640,000	par	(1)	1,630,868
	Mars Inc	Synthetic GIC Asset Fixed Income Investments	4.600	%	03/01/2028	1,440,000	par	(1)	1,460,111

28 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Martin Marietta Materials Inc	Synthetic GIC Asset Fixed Income Investments	3.450	%	06/01/2027	1,270,000	par	(1)	1,262,560
	Masco Corp	Synthetic GIC Asset Fixed Income Investments	3.500	%	11/15/2027	1,195,000	par	(1)	1,182,917
	MassMutual Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.300	%	10/22/2027	700,000	par	(1)	704,790
	MassMutual Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.850	%	01/17/2029	1,200,000	par	(1)	1,225,488
	Mercedes-Benz Auto Lease Trust 2024-A	Synthetic GIC Asset Fixed Income Investments	5.320	%	01/18/2028	1,685,000	par	(1)	1,701,380
	Mercedes-Benz Auto Lease Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	3.880	%	04/16/2029	4,270,000	par	(1)	4,274,569
	Mercedes-Benz Auto Receivables Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	4.800	%	04/16/2029	6,018,919	par	(1)	6,060,919
	Mercedes-Benz Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	4.900	%	11/15/2027	830,000	par	(1)	845,253
	Mercedes-Benz Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	4.750	%	08/01/2027	1,900,000	par	(1)	1,923,357
	Met Tower Global Funding	Synthetic GIC Asset Fixed Income Investments	4.800	%	01/14/2028	1,490,000	par	(1)	1,514,858
	Meta Platforms Inc	Synthetic GIC Asset Fixed Income Investments	4.200	%	11/15/2030	630,000	par	(1)	632,161
	METLIFE SECURITIZATION TRUST 2019-1	Synthetic GIC Asset Fixed Income Investments	3.750	%	04/25/2058	40,005	par	(1)	39,609
	Metropolitan Life Global Funding I	Synthetic GIC Asset Fixed Income Investments	4.850	%	01/08/2029	700,000	par	(1)	714,246
	Microchip Technology Inc	Synthetic GIC Asset Fixed Income Investments	4.900	%	03/15/2028	1,350,000	par	(1)	1,368,891
	Mid-America Apartments LP	Synthetic GIC Asset Fixed Income Investments	4.200	%	06/15/2028	740,000	par	(1)	743,566
	MidAmerican Energy Co	Synthetic GIC Asset Fixed Income Investments	3.650	%	04/15/2029	1,960,000	par	(1)	1,937,940
	Mid-Atlantic Interstate Transmission LLC	Synthetic GIC Asset Fixed Income Investments	4.100	%	05/15/2028	1,830,000	par	(1)	1,831,636
	Missouri Higher Education Loan Authority	Synthetic GIC Asset Fixed Income Investments	4.769	%	03/25/2061	2,091,013	par	(1)	2,047,164
	Missouri Higher Education Loan Authority	Synthetic GIC Asset Fixed Income Investments	5.175	%	01/25/2061	1,172,224	par	(1)	1,149,202
	Mitsubishi UFJ Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	2.341	%	01/19/2028	599,000	par	(1)	588,598
	Mitsubishi UFJ Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	4.080	%	04/19/2028	1,490,000	par	(1)	1,490,705
	MMAF Equipment Finance LLC 2020-A	Synthetic GIC Asset Fixed Income Investments	0.970	%	04/09/2027	968,451	par	(1)	962,830
	MMAF Equipment Finance LLC 2021-A	Synthetic GIC Asset Fixed Income Investments	0.560	%	06/13/2028	61,383	par	(1)	61,311
	MMAF Equipment Finance LLC 2022-A	Synthetic GIC Asset Fixed Income Investments	3.200	%	01/13/2028	589,254	par	(1)	588,471
	MMAF Equipment Finance LLC 2024-A	Synthetic GIC Asset Fixed Income Investments	4.950	%	07/14/2031	3,655,000	par	(1)	3,714,818
	Mondelez International Inc	Synthetic GIC Asset Fixed Income Investments	4.250	%	05/06/2028	1,480,000	par	(1)	1,488,316
	Monongahela Power Co	Synthetic GIC Asset Fixed Income Investments	3.550	%	05/15/2027	1,450,000	par	(1)	1,441,377
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	2.475	%	01/21/2028	1,225,000	par	(1)	1,205,102
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	1.593	%	05/04/2027	1,160,000	par	(1)	1,149,942
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	5.652	%	04/13/2028	820,000	par	(1)	836,251
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	4.994	%	04/12/2029	780,000	par	(1)	795,695
	Morgan Stanley BAML Trust 2016-C31	Synthetic GIC Asset Fixed Income Investments	2.840	%	11/15/2049	2,795,046	par	(1)	2,774,752
	Morgan Stanley Bank NA	Synthetic GIC Asset Fixed Income Investments	4.952	%	01/14/2028	2,410,000	par	(1)	2,432,760
	Morgan Stanley Bank NA	Synthetic GIC Asset Fixed Income Investments	4.968	%	07/14/2028	1,670,000	par	(1)	1,693,592
	Morgan Stanley Bank NA	Synthetic GIC Asset Fixed Income Investments	5.016	%	01/12/2029	1,835,000	par	(1)	1,869,302
	Mosaic Co/The	Synthetic GIC Asset Fixed Income Investments	4.350	%	01/15/2029	355,000	par	(1)	356,082
	Mosaic Co/The	Synthetic GIC Asset Fixed Income Investments	4.050	%	11/15/2027	1,060,000	par	(1)	1,059,553
	MPLX LP	Synthetic GIC Asset Fixed Income Investments	1.750	%	03/01/2026	1,500,000	par	(1)	1,494,090
	MPLX LP	Synthetic GIC Asset Fixed Income Investments	4.125	%	03/01/2027	675,000	par	(1)	675,313
	Mutual of Omaha Cos Global Funding	Synthetic GIC Asset Fixed Income Investments	5.450	%	12/12/2028	850,000	par	(1)	879,674
	Mutual of Omaha Cos Global Funding	Synthetic GIC Asset Fixed Income Investments	5.350	%	04/09/2027	1,880,000	par	(1)	1,908,273

29 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Mutual of Omaha Cos Global Funding	Synthetic GIC Asset Fixed Income Investments	4.514	%	06/09/2028	440,000	par	(1)	444,148
	Navient Private Education Refi Loan Trust 2021-E	Synthetic GIC Asset Fixed Income Investments	0.970	%	12/16/2069	1,891,765	par	(1)	1,706,883
	Navient Private Education Refi Loan Trust 2021-G	Synthetic GIC Asset Fixed Income Investments	1.580	%	04/15/2070	3,166,637	par	(1)	2,877,884
	Navient Private Education Refi Loan Trust 2022-A	Synthetic GIC Asset Fixed Income Investments	2.230	%	07/15/2070	1,919,231	par	(1)	1,759,206
	Navient Refinance Loan Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	5.150	%	02/16/2055	2,071,865	par	(1)	2,101,428
	Navient Refinance Loan Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	4.720	%	09/15/2055	3,176,361	par	(1)	3,180,252
	Navient Refinance Loan Trust 2025-C	Synthetic GIC Asset Fixed Income Investments	4.800	%	10/15/2055	1,968,244	par	(1)	1,972,968
	Navient Student Loan Trust 2020-FA	Synthetic GIC Asset Fixed Income Investments	1.220	%	07/15/2069	1,125,874	par	(1)	1,068,327
	Navient Student Loan Trust 2021-1	Synthetic GIC Asset Fixed Income Investments	4.589	%	12/26/2069	1,872,606	par	(1)	1,846,995
	Navistar Financial Dealer Note Master Owner Trust	Synthetic GIC Asset Fixed Income Investments	5.590	%	04/25/2029	425,000	par	(1)	427,017
	Nebraska Investment Finance Authority	Synthetic GIC Asset Fixed Income Investments	5.000	%	03/01/2050	680,000	par	(1)	686,059
	Nelnet Student Loan Trust 2021-A	Synthetic GIC Asset Fixed Income Investments	4.648	%	04/20/2062	1,875,854	par	(1)	1,872,467
	Nelnet Student Loan Trust 2021-A	Synthetic GIC Asset Fixed Income Investments	1.360	%	04/20/2062	1,658,299	par	(1)	1,569,081
	Nelnet Student Loan Trust 2021-B	Synthetic GIC Asset Fixed Income Investments	4.628	%	04/20/2062	163,398	par	(1)	163,255
	Nelnet Student Loan Trust 2021-C	Synthetic GIC Asset Fixed Income Investments	4.588	%	04/20/2062	2,578,001	par	(1)	2,571,314
	Nelnet Student Loan Trust 2021-D	Synthetic GIC Asset Fixed Income Investments	4.538	%	04/20/2062	2,260,321	par	(1)	2,250,407
	New York City Transitional Finance Authority	Synthetic GIC Asset Fixed Income Investments	4.724	%	11/01/2026	2,325,000	par	(1)	2,342,484
	New York Life Global Funding	Synthetic GIC Asset Fixed Income Investments	4.700	%	01/29/2029	700,000	par	(1)	712,346
	New York Life Global Funding	Synthetic GIC Asset Fixed Income Investments	4.150	%	07/25/2028	1,220,000	par	(1)	1,226,908
	New York Life Global Funding	Synthetic GIC Asset Fixed Income Investments	4.900	%	06/13/2028	1,020,000	par	(1)	1,043,152
	New York State Dormitory Authority	Synthetic GIC Asset Fixed Income Investments	5.500	%	03/15/2030	1,153,328	par	(1)	1,172,589
	Nissan Auto Lease Trust 2024-B	Synthetic GIC Asset Fixed Income Investments	4.920	%	11/15/2027	4,730,000	par	(1)	4,776,595
	Nissan Auto Lease Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	4.320	%	11/15/2028	2,965,000	par	(1)	2,991,501
	Nissan Auto Receivables 2025-A Owner Trust	Synthetic GIC Asset Fixed Income Investments	4.490	%	12/17/2029	3,810,000	par	(1)	3,860,303
	Nissan Auto Receivables 2025-B Owner Trust	Synthetic GIC Asset Fixed Income Investments	3.990	%	04/15/2030	6,920,000	par	(1)	6,949,389
	Nissan Master Owner Trust Receivables	Synthetic GIC Asset Fixed Income Investments	5.050	%	02/15/2029	1,605,000	par	(1)	1,624,212
	NNN REIT Inc	Synthetic GIC Asset Fixed Income Investments	3.500	%	10/15/2027	640,000	par	(1)	634,447
	NNN REIT Inc	Synthetic GIC Asset Fixed Income Investments	4.300	%	10/15/2028	1,000,000	par	(1)	1,005,951
	NorthWestern Corp	Synthetic GIC Asset Fixed Income Investments	5.073	%	03/21/2030	620,000	par	(1)	636,293
	Novartis Capital Corp	Synthetic GIC Asset Fixed Income Investments	4.100	%	11/05/2030	630,000	par	(1)	629,946
	NTT Finance Corp	Synthetic GIC Asset Fixed Income Investments	5.104	%	07/02/2027	1,450,000	par	(1)	1,472,904
	NTT Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.620	%	07/16/2028	850,000	par	(1)	861,593
	Nutrien Ltd	Synthetic GIC Asset Fixed Income Investments	4.500	%	03/12/2027	1,490,000	par	(1)	1,498,696
	Nutrien Ltd	Synthetic GIC Asset Fixed Income Investments	5.200	%	06/21/2027	1,320,000	par	(1)	1,341,780
	Nuveen LLC	Synthetic GIC Asset Fixed Income Investments	4.000	%	11/01/2028	1,400,000	par	(1)	1,400,608
	NXP BV / NXP Funding LLC / NXP USA Inc	Synthetic GIC Asset Fixed Income Investments	4.300	%	08/19/2028	430,000	par	(1)	431,722
	NXP BV / NXP Funding LLC / NXP USA Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	06/01/2027	1,450,000	par	(1)	1,456,471
	Oncor Electric Delivery Co LLC	Synthetic GIC Asset Fixed Income Investments	4.300	%	05/15/2028	1,000,000	par	(1)	1,008,220
	Oncor Electric Delivery Co LLC	Synthetic GIC Asset Fixed Income Investments	3.700	%	11/15/2028	1,873,000	par	(1)	1,861,140
	Oncor Electric Delivery Co LLC	Synthetic GIC Asset Fixed Income Investments	4.650	%	11/01/2029	1,109,000	par	(1)	1,127,830
	ONE Gas Inc	Synthetic GIC Asset Fixed Income Investments	5.100	%	04/01/2029	1,000,000	par	(1)	1,029,915

30 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	ONEOK Inc	Synthetic GIC Asset Fixed Income Investments	4.250	%	09/24/2027	1,020,000	par	(1)	1,023,552
	ONEOK Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	10/15/2029	1,240,000	par	(1)	1,244,898
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	2.300	%	03/25/2028	1,300,000	par	(1)	1,240,045
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	4.800	%	08/03/2028	1,330,000	par	(1)	1,337,139
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	4.450	%	09/26/2030	765,000	par	(1)	748,948
	Orlando Health Obligated Group	Synthetic GIC Asset Fixed Income Investments	3.777	%	10/01/2028	350,000	par	(1)	346,099
	Oshkosh Corp	Synthetic GIC Asset Fixed Income Investments	4.600	%	05/15/2028	1,450,000	par	(1)	1,468,177
	Pacific Life Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.900	%	01/11/2029	1,200,000	par	(1)	1,226,256
	Pacific Life Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.500	%	08/28/2029	1,400,000	par	(1)	1,415,035
	Packaging Corp of America	Synthetic GIC Asset Fixed Income Investments	3.400	%	12/15/2027	1,130,000	par	(1)	1,118,844
	PeaceHealth Obligated Group	Synthetic GIC Asset Fixed Income Investments	4.335	%	11/15/2028	595,000	par	(1)	597,977
	PFS Financing Corp	Synthetic GIC Asset Fixed Income Investments	4.750	%	08/15/2029	800,000	par	(1)	809,214
	PFS Financing Corp	Synthetic GIC Asset Fixed Income Investments	4.950	%	02/15/2029	3,360,000	par	(1)	3,395,088
	PHEAA Student Loan Trust 2016-1	Synthetic GIC Asset Fixed Income Investments	5.139	%	09/25/2065	450,495	par	(1)	453,917
	Phillips 66 Co	Synthetic GIC Asset Fixed Income Investments	3.750	%	03/01/2028	1,580,000	par	(1)	1,569,570
	Plains All American Pipeline LP / PAA Finance Corp	Synthetic GIC Asset Fixed Income Investments	3.550	%	12/15/2029	700,000	par	(1)	680,549
	PNC Bank NA	Synthetic GIC Asset Fixed Income Investments	4.050	%	07/26/2028	1,400,000	par	(1)	1,402,496
	PNC Financial Services Group Inc/The	Synthetic GIC Asset Fixed Income Investments	6.615	%	10/20/2027	770,000	par	(1)	785,409
	PNC Financial Services Group Inc/The	Synthetic GIC Asset Fixed Income Investments	5.102	%	07/23/2027	1,200,000	par	(1)	1,206,731
	Porsche Financial Auto Securitization Trust 2023-2	Synthetic GIC Asset Fixed Income Investments	5.790	%	01/22/2029	1,694,568	par	(1)	1,707,594
	PPG Industries Inc	Synthetic GIC Asset Fixed Income Investments	2.800	%	08/15/2029	1,200,000	par	(1)	1,147,740
	President and Fellows of Harvard College	Synthetic GIC Asset Fixed Income Investments	4.887	%	03/15/2030	820,000	par	(1)	846,411
	Principal Life Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.250	%	08/18/2028	560,000	par	(1)	562,134
	Principal Life Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.600	%	08/19/2027	1,260,000	par	(1)	1,271,990
	Protective Life Global Funding	Synthetic GIC Asset Fixed Income Investments	4.714	%	07/06/2027	855,000	par	(1)	864,196
	Protective Life Global Funding	Synthetic GIC Asset Fixed Income Investments	4.335	%	09/13/2027	1,410,000	par	(1)	1,419,543
	Public Service Co of New Hampshire	Synthetic GIC Asset Fixed Income Investments	4.400	%	07/01/2028	2,450,000	par	(1)	2,473,682
	Reliance Industries Ltd	Synthetic GIC Asset Fixed Income Investments	1.870	%	01/15/2026	19,105	par	(1)	19,086
	Reliance Industries Ltd	Synthetic GIC Asset Fixed Income Investments	2.444	%	01/15/2026	382,368	par	(1)	382,081
	Reliance Industries Ltd	Synthetic GIC Asset Fixed Income Investments	2.512	%	01/15/2026	261,250	par	(1)	261,045
	RI State Std Ln Authority	Synthetic GIC Asset Fixed Income Investments	5.093	%	09/01/2036	101,468	par	(1)	100,947
	Rochester Gas and Electric Corp	Synthetic GIC Asset Fixed Income Investments	3.100	%	06/01/2027	700,000	par	(1)	693,064
	Rogers Communications Inc	Synthetic GIC Asset Fixed Income Investments	3.200	%	03/15/2027	1,710,000	par	(1)	1,693,081
	Roper Technologies Inc	Synthetic GIC Asset Fixed Income Investments	4.250	%	09/15/2028	580,000	par	(1)	582,298
	Roper Technologies Inc	Synthetic GIC Asset Fixed Income Investments	3.800	%	12/15/2026	380,000	par	(1)	379,299
	Royal Bank of Canada	Synthetic GIC Asset Fixed Income Investments	4.965	%	01/24/2029	3,240,000	par	(1)	3,300,899
	Royal Bank of Canada	Synthetic GIC Asset Fixed Income Investments	5.069	%	07/23/2027	700,000	par	(1)	703,884
	Royal Bank of Canada	Synthetic GIC Asset Fixed Income Investments	4.522	%	10/18/2028	2,480,000	par	(1)	2,504,567
	RTX Corp	Synthetic GIC Asset Fixed Income Investments	3.125	%	05/04/2027	2,950,000	par	(1)	2,918,910
	Ryder System Inc	Synthetic GIC Asset Fixed Income Investments	5.300	%	03/15/2027	640,000	par	(1)	649,226
	Sabine Pass Liquefaction LLC	Synthetic GIC Asset Fixed Income Investments	4.200	%	03/15/2028	1,830,000	par	(1)	1,832,194

31 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Santander Drive Auto Receivables Trust 2025-3	Synthetic GIC Asset Fixed Income Investments	4.380	%	01/15/2030	2,430,000	par	(1)	2,441,803
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	2.507	%	03/10/2026	163,920	par	(1)	163,450
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	5.035	%	03/10/2034	1,804,702	par	(1)	1,829,627
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	5.688	%	09/10/2033	21,765,982	par	(1)	22,401,766
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	5.168	%	03/10/2033	3,111,976	par	(1)	3,178,609
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	4.963	%	03/10/2035	4,015,000	par	(1)	4,076,907
	SBNA Auto Lease Trust 2024-B	Synthetic GIC Asset Fixed Income Investments	5.560	%	11/22/2027	2,040,874	par	(1)	2,051,735
	SC State Std Ln Corp	Synthetic GIC Asset Fixed Income Investments	4.489	%	01/25/2041	383,923	par	(1)	379,516
	SCCU Auto Receivables Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.570	%	01/15/2031	2,490,000	par	(1)	2,513,538
	SCG Commercial Mortgage Trust 2025-FLWR	Synthetic GIC Asset Fixed Income Investments	5.000	%	08/15/2042	2,450,000	par	(1)	2,451,531
	Seasoned Credit Risk Transfer Trust	Synthetic GIC Asset Fixed Income Investments	2.500	%	09/25/2060	2,352,043	par	(1)	2,192,807
	Seasoned Credit Risk Transfer Trust Series 2020-2	Synthetic GIC Asset Fixed Income Investments	2.500	%	11/25/2059	2,691,592	par	(1)	2,391,496
	Seasoned Credit Risk Transfer Trust Series 2020-3	Synthetic GIC Asset Fixed Income Investments	2.500	%	05/25/2060	1,173,187	par	(1)	1,025,256
	Seasoned Credit Risk Transfer Trust Series 2020-3	Synthetic GIC Asset Fixed Income Investments	2.500	%	05/25/2060	1,160,260	par	(1)	1,085,493
	SFS Auto Receivables Securitization Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	4.950	%	05/21/2029	2,690,007	par	(1)	2,706,491
	SFS Auto Receivables Securitization Trust 2024-2	Synthetic GIC Asset Fixed Income Investments	5.330	%	11/20/2029	3,192,024	par	(1)	3,226,524
	SFS Auto Receivables Securitization Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.750	%	07/22/2030	1,265,000	par	(1)	1,278,528
	SFS Auto Receivables Securitization Trust 2025-3	Synthetic GIC Asset Fixed Income Investments	4.120	%	04/21/2031	2,390,000	par	(1)	2,400,848
	Sherwin-Williams Co/The	Synthetic GIC Asset Fixed Income Investments	4.300	%	08/15/2028	1,050,000	par	(1)	1,056,787
	Sherwin-Williams Co/The	Synthetic GIC Asset Fixed Income Investments	3.450	%	06/01/2027	1,540,000	par	(1)	1,528,390
	Sherwin-Williams Co/The	Synthetic GIC Asset Fixed Income Investments	2.950	%	08/15/2029	460,000	par	(1)	441,009
	SLM Student Loan Trust 2003-10	Synthetic GIC Asset Fixed Income Investments	5.064	%	12/17/2068	3,049,010	par	(1)	3,036,289
	SLM Student Loan Trust 2013-2	Synthetic GIC Asset Fixed Income Investments	4.439	%	06/25/2043	205,878	par	(1)	202,289
	SMRT 2022-MINI	Synthetic GIC Asset Fixed Income Investments	4.751	%	01/15/2039	1,415,000	par	(1)	1,414,999
	Southern California Edison Co	Synthetic GIC Asset Fixed Income Investments	4.900	%	06/01/2026	85,000	par	(1)	85,115
	Southern Co Gas Capital Corp	Synthetic GIC Asset Fixed Income Investments	4.050	%	09/15/2028	280,000	par	(1)	280,197
	Starbucks Corp	Synthetic GIC Asset Fixed Income Investments	4.500	%	05/15/2028	1,660,000	par	(1)	1,677,047
	State of Hawaii	Synthetic GIC Asset Fixed Income Investments	1.283	%	08/01/2026	475,000	par	(1)	468,488
	State of Oregon	Synthetic GIC Asset Fixed Income Investments	5.892	%	06/01/2027	4,139,213	par	(1)	4,206,310
	State Street Corp	Synthetic GIC Asset Fixed Income Investments	4.530	%	02/20/2029	1,490,000	par	(1)	1,509,461
	State Street Corp	Synthetic GIC Asset Fixed Income Investments	2.203	%	02/07/2028	1,600,000	par	(1)	1,571,077
	Steel Dynamics Inc	Synthetic GIC Asset Fixed Income Investments	4.000	%	12/15/2028	615,000	par	(1)	614,589
	Stellantis Financial Enhanced Lease Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	4.470	%	07/20/2028	1,985,000	par	(1)	1,998,849
	Stellantis Financial Enhanced Lease Trust 2025-C	Synthetic GIC Asset Fixed Income Investments	4.110	%	04/20/2029	4,645,000	par	(1)	4,652,562
	Sumitomo Mitsui Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	3.040	%	07/16/2029	1,300,000	par	(1)	1,248,563
	SWCH Commercial Mortgage Trust 2025-DATA	Synthetic GIC Asset Fixed Income Investments	5.193	%	02/15/2042	1,585,000	par	(1)	1,570,242
	Synchrony Card Funding LLC	Synthetic GIC Asset Fixed Income Investments	4.930	%	07/15/2030	3,815,000	par	(1)	3,876,975
	Take-Two Interactive Software Inc	Synthetic GIC Asset Fixed Income Investments	4.950	%	03/28/2028	1,000,000	par	(1)	1,019,559
	Tesla Auto Lease Trust 2024-A	Synthetic GIC Asset Fixed Income Investments	5.300	%	06/21/2027	1,077,795	par	(1)	1,081,297
	Tesla Electric Vehicle Trust 2023-1	Synthetic GIC Asset Fixed Income Investments	5.380	%	06/20/2028	2,992,382	par	(1)	3,014,911
	T-Mobile US Trust 2025-2	Synthetic GIC Asset Fixed Income Investments	4.340	%	04/22/2030	1,750,000	par	(1)	1,765,948

32 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	T-Mobile USA Inc	Synthetic GIC Asset Fixed Income Investments	2.625	%	04/15/2026	565,000	par	(1)	562,763
	T-Mobile USA Inc	Synthetic GIC Asset Fixed Income Investments	2.250	%	02/15/2026	660,000	par	(1)	658,491
	Toronto-Dominion Bank/The	Synthetic GIC Asset Fixed Income Investments	4.861	%	01/31/2028	2,930,000	par	(1)	2,978,834
	Toronto-Dominion Bank/The	Synthetic GIC Asset Fixed Income Investments	4.574	%	06/02/2028	1,500,000	par	(1)	1,519,077
	Toronto-Dominion Bank/The	Synthetic GIC Asset Fixed Income Investments	4.980	%	04/05/2027	1,560,000	par	(1)	1,579,934
	Towd Point Mortgage Trust 2017-6	Synthetic GIC Asset Fixed Income Investments	2.750	%	10/25/2057	108,649	par	(1)	107,236
	Towd Point Mortgage Trust 2018-1	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/25/2058	21,256	par	(1)	21,128
	Towd Point Mortgage Trust 2018-2	Synthetic GIC Asset Fixed Income Investments	3.250	%	03/25/2058	323,105	par	(1)	320,258
	Towd Point Mortgage Trust 2018-3	Synthetic GIC Asset Fixed Income Investments	3.750	%	05/25/2058	428,665	par	(1)	422,398
	Towd Point Mortgage Trust 2018-6	Synthetic GIC Asset Fixed Income Investments	3.750	%	03/25/2058	49,542	par	(1)	49,312
	Towd Point Mortgage Trust 2019-HY3	Synthetic GIC Asset Fixed Income Investments	4.846	%	10/25/2059	582,316	par	(1)	582,743
	Towd Point Mortgage Trust 2021-1	Synthetic GIC Asset Fixed Income Investments	2.250	%	11/25/2061	2,296,645	par	(1)	2,165,663
	Toyota Auto Loan Extended Note Trust 2022-1	Synthetic GIC Asset Fixed Income Investments	3.820	%	04/25/2035	2,105,000	par	(1)	2,103,819
	Toyota Auto Receivables 2024-B Owner Trust	Synthetic GIC Asset Fixed Income Investments	5.330	%	01/16/2029	2,425,385	par	(1)	2,450,667
	Toyota Auto Receivables 2025-B Owner Trust	Synthetic GIC Asset Fixed Income Investments	4.340	%	11/15/2029	2,435,000	par	(1)	2,454,366
	Toyota Lease Owner Trust 2024-B	Synthetic GIC Asset Fixed Income Investments	4.210	%	09/20/2027	3,960,000	par	(1)	3,966,843
	Toyota Lease Owner Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	3.960	%	11/20/2028	2,380,000	par	(1)	2,386,264
	Trane Technologies Financing Ltd	Synthetic GIC Asset Fixed Income Investments	3.800	%	03/21/2029	820,000	par	(1)	814,572
	Truist Bank	Synthetic GIC Asset Fixed Income Investments	4.420	%	07/24/2028	1,320,000	par	(1)	1,327,838
	Truist Bank	Synthetic GIC Asset Fixed Income Investments	4.136	%	10/23/2029	1,150,000	par	(1)	1,149,554
	Truist Bank	Synthetic GIC Asset Fixed Income Investments	4.632	%	09/17/2029	700,000	par	(1)	702,169
	UBS Commercial Mortgage Trust 2017-C3	Synthetic GIC Asset Fixed Income Investments	3.167	%	08/15/2050	3,675,000	par	(1)	3,638,577
	UBS Group AG	Synthetic GIC Asset Fixed Income Investments	1.494	%	08/10/2027	540,000	par	(1)	531,413
	UBS Group AG	Synthetic GIC Asset Fixed Income Investments	6.327	%	12/22/2027	940,000	par	(1)	959,647
	UBS Group AG	Synthetic GIC Asset Fixed Income Investments	3.869	%	01/12/2029	1,000,000	par	(1)	994,567
	UDR Inc	Synthetic GIC Asset Fixed Income Investments	2.950	%	09/01/2026	1,765,000	par	(1)	1,754,038
	UDR Inc	Synthetic GIC Asset Fixed Income Investments	3.500	%	01/15/2028	700,000	par	(1)	692,231
	Union Electric Co	Synthetic GIC Asset Fixed Income Investments	3.500	%	03/15/2029	250,000	par	(1)	245,804
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.630	%	10/01/2028	145,186	par	(1)	147,511
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.720	%	01/01/2029	40,165	par	(1)	40,575
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.510	%	11/01/2027	29,021	par	(1)	29,267
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	6.770	%	11/01/2028	50,145	par	(1)	51,349
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.290	%	12/01/2027	95,344	par	(1)	95,934
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.875	%	06/15/2028	34,220,000	par	(1)	34,522,094
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.625	%	08/15/2028	37,480,000	par	(1)	37,585,431
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.375	%	09/15/2028	54,730,000	par	(1)	54,522,628
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.750	%	05/15/2028	16,645,000	par	(1)	16,739,277
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.500	%	12/15/2028	34,330,000	par	(1)	34,303,188
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.875	%	07/15/2028	6,855,000	par	(1)	6,914,714
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.750	%	04/15/2028	8,000,000	par	(1)	8,043,128
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.500	%	10/15/2028	34,345,000	par	(1)	34,320,855

33 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.500	%	11/15/2028	20,645,000	par	(1)	20,628,876
	UnitedHealth Group Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	06/15/2028	560,000	par	(1)	566,495
	UnitedHealth Group Inc	Synthetic GIC Asset Fixed Income Investments	3.875	%	12/15/2028	850,000	par	(1)	849,674
	UnitedHealth Group Inc	Synthetic GIC Asset Fixed Income Investments	4.250	%	01/15/2029	740,000	par	(1)	745,994
	US Bancorp	Synthetic GIC Asset Fixed Income Investments	2.215	%	01/27/2028	1,935,000	par	(1)	1,900,751
	US Bancorp	Synthetic GIC Asset Fixed Income Investments	4.548	%	07/22/2028	2,240,000	par	(1)	2,258,876
	US Bank NA/Cincinnati OH	Synthetic GIC Asset Fixed Income Investments	4.730	%	05/15/2028	1,680,000	par	(1)	1,697,284
	USAA Auto Owner Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	3.950	%	12/17/2029	2,470,000	par	(1)	2,476,469
	VCM Lease SA	Synthetic GIC Asset Fixed Income Investments	2.516	%	09/28/2027	156,771	par	(1)	153,876
	Ventas Realty LP	Synthetic GIC Asset Fixed Income Investments	3.850	%	04/01/2027	720,000	par	(1)	718,199
	Ventas Realty LP	Synthetic GIC Asset Fixed Income Investments	4.400	%	01/15/2029	1,600,000	par	(1)	1,607,536
	Verizon Communications Inc	Synthetic GIC Asset Fixed Income Investments	2.100	%	03/22/2028	2,400,000	par	(1)	2,304,871
	Verizon Communications Inc	Synthetic GIC Asset Fixed Income Investments	4.125	%	03/16/2027	636,000	par	(1)	637,573
	Verizon Master Trust	Synthetic GIC Asset Fixed Income Investments	5.670	%	11/20/2029	3,840,000	par	(1)	3,901,636
	Verizon Master Trust	Synthetic GIC Asset Fixed Income Investments	5.340	%	04/22/2030	3,950,000	par	(1)	4,027,203
	Verizon Master Trust	Synthetic GIC Asset Fixed Income Investments	4.170	%	08/20/2030	6,225,000	par	(1)	6,263,508
	Verizon Master Trust	Synthetic GIC Asset Fixed Income Investments	4.620	%	11/20/2030	1,280,000	par	(1)	1,298,916
	Virginia Power Fuel Securitization LLC	Synthetic GIC Asset Fixed Income Investments	4.877	%	05/01/2031	1,750,000	par	(1)	1,790,906
	Volkswagen Auto Lease Trust 2024-A	Synthetic GIC Asset Fixed Income Investments	5.210	%	06/21/2027	2,240,000	par	(1)	2,251,903
	Volkswagen Auto Lease Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	4.500	%	06/20/2028	3,105,000	par	(1)	3,136,193
	Volkswagen Auto Lease Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	4.010	%	01/22/2029	1,815,000	par	(1)	1,822,265
	Volkswagen Auto Loan Enhanced Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.500	%	08/20/2029	1,850,000	par	(1)	1,869,373
	Volkswagen Auto Loan Enhanced Trust 2025-2	Synthetic GIC Asset Fixed Income Investments	3.920	%	03/20/2030	4,065,000	par	(1)	4,075,837
	Volkswagen Group of America Finance LLC	Synthetic GIC Asset Fixed Income Investments	5.700	%	09/12/2026	1,770,000	par	(1)	1,788,481
	Volkswagen Group of America Finance LLC	Synthetic GIC Asset Fixed Income Investments	4.850	%	08/15/2027	500,000	par	(1)	504,836
	Vulcan Materials Co	Synthetic GIC Asset Fixed Income Investments	4.950	%	12/01/2029	800,000	par	(1)	821,342
	Waco Educational Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.865	%	03/01/2030	1,925,000	par	(1)	1,979,940
	Warnermedia Holdings Inc	Synthetic GIC Asset Fixed Income Investments	3.755	%	03/15/2027	741,000	par	(1)	736,015
	WEC Energy Group Inc	Synthetic GIC Asset Fixed Income Investments	1.375	%	10/15/2027	900,000	par	(1)	860,366
*	Wells Fargo Commercial Mortgage Trust 2016-C35	Synthetic GIC Asset Fixed Income Investments	2.674	%	07/15/2048	565,435	par	(1)	562,766
*	Wells Fargo Commercial Mortgage Trust 2016-LC24	Synthetic GIC Asset Fixed Income Investments	2.684	%	10/15/2049	787,938	par	(1)	782,583
*	Wells Fargo Commercial Mortgage Trust 2016-NXS6	Synthetic GIC Asset Fixed Income Investments	2.642	%	11/15/2049	3,294,815	par	(1)	3,288,183
*	Wells Fargo Commercial Mortgage Trust 2017-C38	Synthetic GIC Asset Fixed Income Investments	3.190	%	07/15/2050	2,555,545	par	(1)	2,524,612
*	Wells Fargo Commercial Mortgage Trust 2017-C39	Synthetic GIC Asset Fixed Income Investments	3.157	%	09/15/2050	4,610,000	par	(1)	4,536,014
	Welltower OP LLC	Synthetic GIC Asset Fixed Income Investments	4.125	%	03/15/2029	700,000	par	(1)	701,705
	Weyerhaeuser Co	Synthetic GIC Asset Fixed Income Investments	4.750	%	05/15/2026	765,000	par	(1)	766,567
	Wheels Fleet Lease Funding 1 LLC	Synthetic GIC Asset Fixed Income Investments	5.490	%	02/18/2039	2,456,734	par	(1)	2,487,153
	Wheels Fleet Lease Funding 1 LLC	Synthetic GIC Asset Fixed Income Investments	6.460	%	08/18/2038	1,799,889	par	(1)	1,821,013
	Wheels Fleet Lease Funding 1 LLC	Synthetic GIC Asset Fixed Income Investments	5.800	%	04/18/2038	1,213,196	par	(1)	1,220,937
	Wheels Fleet Lease Funding 1 LLC	Synthetic GIC Asset Fixed Income Investments	4.410	%	05/18/2040	1,770,000	par	(1)	1,784,252
	Williams Cos Inc/The	Synthetic GIC Asset Fixed Income Investments	5.400	%	03/02/2026	1,795,000	par	(1)	1,798,917

34 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Williams Cos Inc/The	Synthetic GIC Asset Fixed Income Investments	5.300	%	08/15/2028	700,000	par	(1)	720,856
	Williams Cos Inc/The	Synthetic GIC Asset Fixed Income Investments	4.900	%	03/15/2029	780,000	par	(1)	796,761
	Windermere Aviation LLC	Synthetic GIC Asset Fixed Income Investments	2.351	%	05/27/2026	92,556	par	(1)	91,913
	Wisconsin Power and Light Co	Synthetic GIC Asset Fixed Income Investments	3.050	%	10/15/2027	800,000	par	(1)	787,077
	WMRK Commercial Mortgage Trust 2022-WMRK	Synthetic GIC Asset Fixed Income Investments	6.539	%	11/15/2027	349,898	par	(1)	351,879
	World Omni Auto Receivables Trust 2024-B	Synthetic GIC Asset Fixed Income Investments	5.270	%	09/17/2029	2,617,388	par	(1)	2,641,528
	World Omni Auto Receivables Trust 2024-C	Synthetic GIC Asset Fixed Income Investments	4.430	%	12/17/2029	3,730,000	par	(1)	3,752,365
	World Omni Auto Receivables Trust 2025-B	Synthetic GIC Asset Fixed Income Investments	4.340	%	09/16/2030	3,850,000	par	(1)	3,884,423
	World Omni Auto Receivables Trust 2025-C	Synthetic GIC Asset Fixed Income Investments	4.080	%	11/15/2030	1,925,000	par	(1)	1,936,169
	World Omni Auto Receivables Trust 2025-D	Synthetic GIC Asset Fixed Income Investments	3.950	%	03/17/2031	4,060,000	par	(1)	4,072,432
	World Omni Automobile Lease Sec Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	4.420	%	04/17/2028	1,215,000	par	(1)	1,225,122
	WRKCO INC	Synthetic GIC Asset Fixed Income Investments	4.000	%	03/15/2028	1,560,000	par	(1)	1,556,563
	Access Group Inc 2013-1	Synthetic GIC Asset Fixed Income Investments	4.489	%	02/25/2036	96,439	par	(1)	96,413
	Advocate Health & Hospitals Corp	Synthetic GIC Asset Fixed Income Investments	2.211	%	06/15/2030	1,555,000	par	(1)	1,434,178
	Agilent Technologies Inc	Synthetic GIC Asset Fixed Income Investments	2.100	%	06/04/2030	650,000	par	(1)	594,439
	Agilent Technologies Inc	Synthetic GIC Asset Fixed Income Investments	2.750	%	09/15/2029	1,020,000	par	(1)	974,403
	Agree LP	Synthetic GIC Asset Fixed Income Investments	2.900	%	10/01/2030	1,570,000	par	(1)	1,470,362
	ALA Trust 2025-OANA	Synthetic GIC Asset Fixed Income Investments	5.494	%	06/15/2040	1,120,000	par	(1)	1,124,198
	Alabama Federal Aid Highway Finance Authority	Synthetic GIC Asset Fixed Income Investments	2.256	%	09/01/2033	350,000	par	(1)	304,745
	Albemarle Corp	Synthetic GIC Asset Fixed Income Investments	4.650	%	06/01/2027	420,000	par	(1)	422,696
	Alexandria Real Estate Equities Inc	Synthetic GIC Asset Fixed Income Investments	4.700	%	07/01/2030	1,400,000	par	(1)	1,409,009
	Ameren Missouri Securitization Funding I LLC	Synthetic GIC Asset Fixed Income Investments	4.850	%	10/01/2039	1,430,779	par	(1)	1,442,228
	American Express Co	Synthetic GIC Asset Fixed Income Investments	5.016	%	04/25/2031	710,000	par	(1)	732,290
	American Express Co	Synthetic GIC Asset Fixed Income Investments	5.282	%	07/27/2029	370,000	par	(1)	381,194
	American Express Co	Synthetic GIC Asset Fixed Income Investments	5.085	%	01/30/2031	680,000	par	(1)	701,412
	American Honda Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.600	%	04/17/2030	915,000	par	(1)	925,781
	American Honda Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.900	%	03/13/2029	880,000	par	(1)	899,747
	American Honda Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.400	%	09/05/2029	850,000	par	(1)	859,580
	American Honda Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.800	%	03/05/2030	820,000	par	(1)	838,366
	American International Group Inc	Synthetic GIC Asset Fixed Income Investments	4.850	%	05/07/2030	330,000	par	(1)	338,431
	Amgen Inc	Synthetic GIC Asset Fixed Income Investments	5.150	%	03/02/2028	1,130,000	par	(1)	1,156,824
	Amrize Finance US LLC	Synthetic GIC Asset Fixed Income Investments	4.950	%	04/07/2030	860,000	par	(1)	880,022
	Amrize Finance US LLC	Synthetic GIC Asset Fixed Income Investments	4.600	%	04/07/2027	70,000	par	(1)	70,469
	Aon Corp	Synthetic GIC Asset Fixed Income Investments	3.750	%	05/02/2029	730,000	par	(1)	722,258
	Aon Corp / Aon Global Holdings PLC	Synthetic GIC Asset Fixed Income Investments	5.150	%	03/01/2029	640,000	par	(1)	658,708
	Ascension Health	Synthetic GIC Asset Fixed Income Investments	2.532	%	11/15/2029	3,000,000	par	(1)	2,838,072
	Ascension Health	Synthetic GIC Asset Fixed Income Investments	4.923	%	11/15/2035	1,495,000	par	(1)	1,500,354
	AT&T Inc	Synthetic GIC Asset Fixed Income Investments	2.250	%	02/01/2032	2,730,000	par	(1)	2,397,625
	AT&T Inc	Synthetic GIC Asset Fixed Income Investments	1.700	%	03/25/2026	2,140,000	par	(1)	2,129,184
	AT&T Inc	Synthetic GIC Asset Fixed Income Investments	4.500	%	05/15/2035	870,000	par	(1)	837,256
	AUTOZONE INC	Synthetic GIC Asset Fixed Income Investments	5.100	%	07/15/2029	1,020,000	par	(1)	1,050,017

35 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	AvalonBay Communities Inc	Synthetic GIC Asset Fixed Income Investments	4.350	%	12/01/2030	530,000	par	(1)	531,590
	BA Credit Card Trust	Synthetic GIC Asset Fixed Income Investments	4.790	%	05/15/2028	2,035,000	par	(1)	2,041,789
	BAE Systems PLC	Synthetic GIC Asset Fixed Income Investments	3.400	%	04/15/2030	2,000,000	par	(1)	1,934,698
	BAE Systems PLC	Synthetic GIC Asset Fixed Income Investments	5.125	%	03/26/2029	500,000	par	(1)	514,233
	BANK 2017-BNK5	Synthetic GIC Asset Fixed Income Investments	3.390	%	06/15/2060	2,230,000	par	(1)	2,205,945
	BANK 2017-BNK6	Synthetic GIC Asset Fixed Income Investments	3.518	%	07/15/2060	1,800,000	par	(1)	1,781,609
	BANK 2017-BNK8	Synthetic GIC Asset Fixed Income Investments	3.229	%	11/15/2050	1,486,046	par	(1)	1,465,400
	BANK 2018-BNK11	Synthetic GIC Asset Fixed Income Investments	3.784	%	03/15/2061	3,527,368	par	(1)	3,500,451
	Bank of America Commercial Mtg Trust 2017-BNK3	Synthetic GIC Asset Fixed Income Investments	3.311	%	02/15/2050	1,842,866	par	(1)	1,828,004
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	1.734	%	07/22/2027	2,320,000	par	(1)	2,290,545
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	4.271	%	07/23/2029	2,180,000	par	(1)	2,190,765
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	5.162	%	01/24/2031	770,000	par	(1)	795,528
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	2.551	%	02/04/2028	1,200,000	par	(1)	1,180,550
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	4.571	%	04/27/2033	1,490,000	par	(1)	1,488,930
	Bank of America Corp	Synthetic GIC Asset Fixed Income Investments	4.623	%	05/09/2029	910,000	par	(1)	922,359
	Bank of Montreal	Synthetic GIC Asset Fixed Income Investments	4.640	%	09/10/2030	1,120,000	par	(1)	1,134,912
	Bank of Montreal	Synthetic GIC Asset Fixed Income Investments	5.717	%	09/25/2028	500,000	par	(1)	521,481
	Bank of Montreal	Synthetic GIC Asset Fixed Income Investments	4.350	%	09/22/2031	620,000	par	(1)	619,710
	Bank of New York Mellon Corp	Synthetic GIC Asset Fixed Income Investments	4.543	%	02/01/2029	2,080,000	par	(1)	2,105,867
	Bank of New York Mellon Corp	Synthetic GIC Asset Fixed Income Investments	4.596	%	07/26/2030	670,000	par	(1)	682,250
	Bank of New York Mellon Corp/The	Synthetic GIC Asset Fixed Income Investments	4.942	%	02/11/2031	1,000,000	par	(1)	1,029,085
	Bank of Nova Scotia/The	Synthetic GIC Asset Fixed Income Investments	4.850	%	02/01/2030	340,000	par	(1)	348,165
	Bank of Nova Scotia/The	Synthetic GIC Asset Fixed Income Investments	4.932	%	02/14/2029	1,200,000	par	(1)	1,223,336
	Bank of Nova Scotia/The	Synthetic GIC Asset Fixed Income Investments	4.338	%	09/15/2031	490,000	par	(1)	488,695
	Barings Equipment Finance LLC 2025-B	Synthetic GIC Asset Fixed Income Investments	4.130	%	10/13/2032	1,535,000	par	(1)	1,538,882
	Baxter International Inc	Synthetic GIC Asset Fixed Income Investments	1.915	%	02/01/2027	922,000	par	(1)	899,770
	Baxter International Inc	Synthetic GIC Asset Fixed Income Investments	3.950	%	04/01/2030	385,000	par	(1)	375,336
	Bayer US Finance II LLC	Synthetic GIC Asset Fixed Income Investments	4.375	%	12/15/2028	1,200,000	par	(1)	1,201,409
	BBCMS Mortgage Trust 2018-C2	Synthetic GIC Asset Fixed Income Investments	4.314	%	12/15/2051	2,040,000	par	(1)	2,028,721
	BBCMS Mortgage Trust 2018-C2	Synthetic GIC Asset Fixed Income Investments	4.047	%	12/15/2051	1,735,000	par	(1)	1,721,930
	Becton Dickinson & Co	Synthetic GIC Asset Fixed Income Investments	4.693	%	02/13/2028	680,000	par	(1)	689,175
	Becton Dickinson & Co	Synthetic GIC Asset Fixed Income Investments	4.298	%	08/22/2032	100,000	par	(1)	98,536
	Benchmark 2018-B8 Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	4.232	%	01/15/2052	1,896,000	par	(1)	1,881,547
	BFLD Commercial Mortgage Trust 2024-UNIV	Synthetic GIC Asset Fixed Income Investments	5.243	%	11/15/2041	1,605,000	par	(1)	1,606,002
	BHP Billiton Finance USA Ltd	Synthetic GIC Asset Fixed Income Investments	5.000	%	02/21/2030	1,490,000	par	(1)	1,538,635
	Black Hills Corp	Synthetic GIC Asset Fixed Income Investments	3.150	%	01/15/2027	1,544,000	par	(1)	1,528,833
	Black Hills Corp	Synthetic GIC Asset Fixed Income Investments	4.550	%	01/31/2031	595,000	par	(1)	595,721
	Blackrock Treasury Trust Fund	Synthetic GIC Asset Fixed Income Investments	3.630	%		11,384,319	par	(1)	11,384,319
	BLP Commercial Mortgage Trust 2025-IND2	Synthetic GIC Asset Fixed Income Investments	5.250	%	12/15/2042	620,000	par	(1)	620,576
	BMP 2024-MF23	Synthetic GIC Asset Fixed Income Investments	5.122	%	06/15/2041	1,785,000	par	(1)	1,787,786
	BMW US Capital LLC	Synthetic GIC Asset Fixed Income Investments	4.650	%	08/13/2029	690,000	par	(1)	698,721

36 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	BMW US Capital LLC	Synthetic GIC Asset Fixed Income Investments	3.950	%	08/14/2028	1,200,000	par	(1)	1,197,413
	BMW US Capital LLC	Synthetic GIC Asset Fixed Income Investments	5.050	%	03/21/2030	305,000	par	(1)	313,344
	BNP Paribas SA	Synthetic GIC Asset Fixed Income Investments	2.591	%	01/20/2028	700,000	par	(1)	689,241
	BNP Paribas SA	Synthetic GIC Asset Fixed Income Investments	4.400	%	08/14/2028	940,000	par	(1)	942,112
	BNP Paribas SA	Synthetic GIC Asset Fixed Income Investments	5.176	%	01/09/2030	210,000	par	(1)	215,224
	BNP Paribas Sec Corp	Synthetic GIC Asset Fixed Income Investments	1.675	%	06/30/2027	810,000	par	(1)	799,885
	BOCA Commercial Mortgage Trust 2025-BOCA	Synthetic GIC Asset Fixed Income Investments	5.450	%	12/15/2042	1,015,000	par	(1)	1,016,268
	Boeing Co/The	Synthetic GIC Asset Fixed Income Investments	5.040	%	05/01/2027	130,000	par	(1)	131,344
	Boeing Co/The	Synthetic GIC Asset Fixed Income Investments	5.150	%	05/01/2030	1,780,000	par	(1)	1,830,769
	Boeing Co/The	Synthetic GIC Asset Fixed Income Investments	2.700	%	02/01/2027	1,420,000	par	(1)	1,399,430
	Boeing Co/The	Synthetic GIC Asset Fixed Income Investments	2.196	%	02/04/2026	140,000	par	(1)	139,734
	BP Capital Markets America Inc	Synthetic GIC Asset Fixed Income Investments	4.699	%	04/10/2029	940,000	par	(1)	958,916
	BP Capital Markets America Inc	Synthetic GIC Asset Fixed Income Investments	4.893	%	09/11/2033	1,440,000	par	(1)	1,467,073
	BP Capital Markets America Inc	Synthetic GIC Asset Fixed Income Investments	2.721	%	01/12/2032	770,000	par	(1)	702,344
	Brazos Education Loan Authority	Synthetic GIC Asset Fixed Income Investments	4.546	%	01/25/2072	1,361,283	par	(1)	1,342,281
	Brazos Education Loan Authority Inc	Synthetic GIC Asset Fixed Income Investments	4.426	%	11/25/2071	2,424,997	par	(1)	2,387,223
	Broadcom Inc	Synthetic GIC Asset Fixed Income Investments	4.350	%	02/15/2030	920,000	par	(1)	926,779
	Broadcom Inc	Synthetic GIC Asset Fixed Income Investments	5.050	%	07/12/2029	800,000	par	(1)	824,248
	BX Commercial Mortgage Trust 2022-AHP	Synthetic GIC Asset Fixed Income Investments	4.740	%	01/17/2039	2,020,000	par	(1)	2,018,772
	BX Commercial Mortgage Trust 2024-AIRC	Synthetic GIC Asset Fixed Income Investments	5.441	%	08/15/2041	1,263,864	par	(1)	1,266,221
	BX Commercial Mortgage Trust 2024-GPA2	Synthetic GIC Asset Fixed Income Investments	5.293	%	11/15/2041	1,950,000	par	(1)	1,951,808
	BX Commercial Mortgage Trust 2024-GPA3	Synthetic GIC Asset Fixed Income Investments	5.043	%	12/15/2039	666,207	par	(1)	666,207
	BX Commercial Mortgage Trust 2024-XL5	Synthetic GIC Asset Fixed Income Investments	5.142	%	03/15/2041	1,409,964	par	(1)	1,410,832
	BX Trust 2021-BXMF	Synthetic GIC Asset Fixed Income Investments	4.500	%	10/15/2026	1,088,663	par	(1)	1,087,031
	BX Trust 2021-RISE	Synthetic GIC Asset Fixed Income Investments	4.612	%	11/15/2036	1,462,419	par	(1)	1,461,068
	BX Trust 2022-IND	Synthetic GIC Asset Fixed Income Investments	5.241	%	04/15/2037	2,002,183	par	(1)	2,004,027
	BX Trust 2024-MDHS	Synthetic GIC Asset Fixed Income Investments	5.391	%	05/15/2041	957,116	par	(1)	958,594
	BX Trust 2024-VLT4	Synthetic GIC Asset Fixed Income Investments	5.242	%	06/15/2041	860,000	par	(1)	859,731
	BX Trust 2025-ARIA	Synthetic GIC Asset Fixed Income Investments	5.031	%	12/13/2042	1,205,000	par	(1)	1,217,090
	BX Trust 2025-DELC	Synthetic GIC Asset Fixed Income Investments	5.507	%	12/15/2042	775,000	par	(1)	775,967
	BX Trust 2025-DIME	Synthetic GIC Asset Fixed Income Investments	4.900	%	02/15/2035	1,105,000	par	(1)	1,102,240
	BX Trust 2025-GW	Synthetic GIC Asset Fixed Income Investments	5.350	%	07/15/2042	1,415,000	par	(1)	1,417,652
	BX Trust 2025-ROIC	Synthetic GIC Asset Fixed Income Investments	4.894	%	03/15/2030	2,276,123	par	(1)	2,273,280
	Canadian National Railway Co	Synthetic GIC Asset Fixed Income Investments	4.200	%	03/12/2031	1,075,000	par	(1)	1,074,079
	Canadian Natural Resources Ltd	Synthetic GIC Asset Fixed Income Investments	5.000	%	12/15/2029	700,000	par	(1)	718,206
	Canadian Natural Resources Ltd	Synthetic GIC Asset Fixed Income Investments	3.850	%	06/01/2027	730,000	par	(1)	728,090
	Canadian Pacific Railway Co	Synthetic GIC Asset Fixed Income Investments	4.000	%	06/01/2028	960,000	par	(1)	960,590
	Capital One Financial Corp	Synthetic GIC Asset Fixed Income Investments	4.493	%	09/11/2031	500,000	par	(1)	499,629
	Capital One Financial Corp	Synthetic GIC Asset Fixed Income Investments	5.268	%	05/10/2033	790,000	par	(1)	811,396
	Capital One Financial Corp	Synthetic GIC Asset Fixed Income Investments	1.878	%	11/02/2027	1,595,000	par	(1)	1,565,094
	Capital One Financial Corp	Synthetic GIC Asset Fixed Income Investments	3.273	%	03/01/2030	740,000	par	(1)	718,445

37 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Cargill Inc	Synthetic GIC Asset Fixed Income Investments	2.125	%	11/10/2031	700,000	par	(1)	620,642
	CD 2017-CD5 Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	3.171	%	08/15/2050	3,506,260	par	(1)	3,453,315
	Cedars-Sinai Health System	Synthetic GIC Asset Fixed Income Investments	2.288	%	08/15/2031	1,500,000	par	(1)	1,353,422
	CenterPoint Energy Houston Electric LLC	Synthetic GIC Asset Fixed Income Investments	5.200	%	10/01/2028	1,130,000	par	(1)	1,167,064
	CenterPoint Energy Houston Electric LLC	Synthetic GIC Asset Fixed Income Investments	4.450	%	10/01/2032	1,970,000	par	(1)	1,964,988
	CenterPoint Energy Houston Electric LLC	Synthetic GIC Asset Fixed Income Investments	5.150	%	03/01/2034	840,000	par	(1)	860,660
	CGMS Commercial Mortgage Trust 2017-B1	Synthetic GIC Asset Fixed Income Investments	3.458	%	08/15/2050	4,219,746	par	(1)	4,166,683
	Charter Communications Operating LLC	Synthetic GIC Asset Fixed Income Investments	4.400	%	04/01/2033	1,100,000	par	(1)	1,037,964
	Cherokee County Board of Education	Synthetic GIC Asset Fixed Income Investments	5.626	%	08/01/2028	1,000,000	par	(1)	1,028,890
	Children's Hospital Medical Center/Cincinnati OH	Synthetic GIC Asset Fixed Income Investments	2.853	%	11/15/2026	1,775,000	par	(1)	1,754,105
	CHRISTUS Health	Synthetic GIC Asset Fixed Income Investments	4.341	%	07/01/2028	1,500,000	par	(1)	1,505,970
	Citigroup Commercial Mortgage Trust 2018-B2	Synthetic GIC Asset Fixed Income Investments	4.009	%	03/10/2051	2,710,000	par	(1)	2,697,350
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	3.668	%	07/24/2028	880,000	par	(1)	874,511
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	3.070	%	02/24/2028	1,716,000	par	(1)	1,696,632
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	4.910	%	05/24/2033	1,580,000	par	(1)	1,601,670
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	4.542	%	09/19/2030	400,000	par	(1)	403,474
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	4.503	%	09/11/2031	640,000	par	(1)	642,774
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	3.520	%	10/27/2028	500,000	par	(1)	495,609
	Citigroup Inc	Synthetic GIC Asset Fixed Income Investments	2.572	%	06/03/2031	2,050,000	par	(1)	1,901,293
	Citizens Bank NA/Providence RI	Synthetic GIC Asset Fixed Income Investments	4.575	%	08/09/2028	1,870,000	par	(1)	1,884,221
	City & County of Honolulu HI	Synthetic GIC Asset Fixed Income Investments	3.753	%	09/01/2030	425,000	par	(1)	421,825
	City of Atlanta GA	Synthetic GIC Asset Fixed Income Investments	2.288	%	12/01/2033	2,445,000	par	(1)	2,127,297
	City of Chicago IL	Synthetic GIC Asset Fixed Income Investments	6.050	%	01/01/2029	75,000	par	(1)	76,127
	City of Worcester MA	Synthetic GIC Asset Fixed Income Investments	6.250	%	01/01/2028	495,000	par	(1)	507,598
	CLEVELAND CLINIC HEALTH SYSTEM	Synthetic GIC Asset Fixed Income Investments	2.885	%	01/01/2032	3,475,000	par	(1)	3,243,496
	CNH Industrial Capital LLC	Synthetic GIC Asset Fixed Income Investments	4.750	%	03/21/2028	1,570,000	par	(1)	1,588,350
	CNH Industrial Capital LLC	Synthetic GIC Asset Fixed Income Investments	5.100	%	04/20/2029	210,000	par	(1)	214,783
	Colorado Housing and Finance Authority	Synthetic GIC Asset Fixed Income Investments	6.250	%	05/01/2056	15,000	par	(1)	15,908
	Comcast Corp	Synthetic GIC Asset Fixed Income Investments	4.950	%	05/15/2032	1,040,000	par	(1)	1,066,664
	Comcast Corp	Synthetic GIC Asset Fixed Income Investments	3.400	%	04/01/2030	1,480,000	par	(1)	1,436,578
	CommonSpirit Health	Synthetic GIC Asset Fixed Income Investments	4.352	%	09/01/2030	1,250,000	par	(1)	1,245,719
	Commonwealth of Massachusetts	Synthetic GIC Asset Fixed Income Investments	1.520	%	11/01/2030	95,000	par	(1)	84,861
	Commonwealth of Massachusetts	Synthetic GIC Asset Fixed Income Investments	3.769	%	07/15/2029	750,000	par	(1)	749,145
	Connecticut Light and Power Co/The	Synthetic GIC Asset Fixed Income Investments	4.650	%	01/01/2029	1,620,000	par	(1)	1,651,580
	Connecticut Light and Power Co/The	Synthetic GIC Asset Fixed Income Investments	2.050	%	07/01/2031	700,000	par	(1)	622,511
	ConocoPhillips Co	Synthetic GIC Asset Fixed Income Investments	4.700	%	01/15/2030	1,160,000	par	(1)	1,182,657
	Consumers Energy Co	Synthetic GIC Asset Fixed Income Investments	3.800	%	11/15/2028	1,600,000	par	(1)	1,594,736
	Cooperatieve Rabobank UA	Synthetic GIC Asset Fixed Income Investments	5.564	%	02/28/2029	850,000	par	(1)	874,928
	Cooperatieve Rabobank UA	Synthetic GIC Asset Fixed Income Investments	1.980	%	12/15/2027	2,080,000	par	(1)	2,038,856
	Corebridge Global Funding	Synthetic GIC Asset Fixed Income Investments	5.900	%	09/19/2028	880,000	par	(1)	919,377
	Corebridge Global Funding	Synthetic GIC Asset Fixed Income Investments	4.450	%	10/02/2030	1,245,000	par	(1)	1,240,992

38 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Cornell University	Synthetic GIC Asset Fixed Income Investments	4.169	%	06/15/2030	1,775,000	par	(1)	1,783,421
	Coterra Energy Inc	Synthetic GIC Asset Fixed Income Investments	3.900	%	05/15/2027	640,000	par	(1)	637,652
	Coterra Energy Inc	Synthetic GIC Asset Fixed Income Investments	4.375	%	03/15/2029	600,000	par	(1)	601,873
	County of Bexar TX	Synthetic GIC Asset Fixed Income Investments	2.171	%	06/15/2032	2,090,000	par	(1)	1,851,364
	County of Lee FL Water & Sewer Revenue	Synthetic GIC Asset Fixed Income Investments	2.416	%	10/01/2028	2,140,000	par	(1)	2,068,438
	County of Spokane WA	Synthetic GIC Asset Fixed Income Investments	2.828	%	12/01/2032	875,000	par	(1)	806,103
	County of Spokane WA	Synthetic GIC Asset Fixed Income Investments	2.728	%	12/01/2031	950,000	par	(1)	884,868
	CRH SMW Finance DAC	Synthetic GIC Asset Fixed Income Investments	5.125	%	01/09/2030	400,000	par	(1)	412,620
	CRH SMW Finance DAC	Synthetic GIC Asset Fixed Income Investments	5.200	%	05/21/2029	1,150,000	par	(1)	1,187,916
	CSAIL 2018-C14 Commercial Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	4.422	%	11/15/2051	1,850,000	par	(1)	1,840,678
	CubeSmart LP	Synthetic GIC Asset Fixed Income Investments	2.250	%	12/15/2028	1,510,000	par	(1)	1,433,050
	CVS Health Corp	Synthetic GIC Asset Fixed Income Investments	4.300	%	03/25/2028	421,000	par	(1)	422,506
	CVS Health Corp	Synthetic GIC Asset Fixed Income Investments	5.125	%	02/21/2030	1,860,000	par	(1)	1,912,305
	CVS Health Corp	Synthetic GIC Asset Fixed Income Investments	3.000	%	08/15/2026	400,000	par	(1)	397,351
	CVS Health Corp	Synthetic GIC Asset Fixed Income Investments	1.300	%	08/21/2027	2,530,000	par	(1)	2,420,623
	Daimler Truck Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	4.650	%	10/12/2030	220,000	par	(1)	221,751
	Daimler Truck Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	3.650	%	04/07/2027	820,000	par	(1)	816,023
	Daimler Truck Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	5.400	%	09/20/2028	750,000	par	(1)	773,594
	DC Commercial Mortgage Trust 2023-DC	Synthetic GIC Asset Fixed Income Investments	6.314	%	09/12/2040	2,095,000	par	(1)	2,157,586
	Digital Realty Trust LP	Synthetic GIC Asset Fixed Income Investments	4.450	%	07/15/2028	790,000	par	(1)	795,348
	Digital Realty Trust LP	Synthetic GIC Asset Fixed Income Investments	5.550	%	01/15/2028	640,000	par	(1)	657,564
	DLLMT 2023-1 LLC	Synthetic GIC Asset Fixed Income Investments	5.340	%	03/22/2027	622,917	par	(1)	625,603
	Dominion Energy South Carolina Inc	Synthetic GIC Asset Fixed Income Investments	2.300	%	12/01/2031	930,000	par	(1)	830,691
	DTE Electric Co	Synthetic GIC Asset Fixed Income Investments	2.625	%	03/01/2031	950,000	par	(1)	878,467
	DTE Electric Co	Synthetic GIC Asset Fixed Income Investments	3.000	%	03/01/2032	1,520,000	par	(1)	1,406,103
	Duke Energy Carolinas LLC	Synthetic GIC Asset Fixed Income Investments	2.850	%	03/15/2032	580,000	par	(1)	531,925
	Duke Energy Carolinas LLC	Synthetic GIC Asset Fixed Income Investments	2.550	%	04/15/2031	1,230,000	par	(1)	1,133,256
	Duke Energy Progress LLC	Synthetic GIC Asset Fixed Income Investments	3.400	%	04/01/2032	677,000	par	(1)	641,141
	Duke Energy Progress LLC	Synthetic GIC Asset Fixed Income Investments	2.000	%	08/15/2031	2,020,000	par	(1)	1,795,204
	Duke University Health System Inc	Synthetic GIC Asset Fixed Income Investments	2.552	%	06/01/2029	2,674,000	par	(1)	2,539,337
	Eastman Chemical Co	Synthetic GIC Asset Fixed Income Investments	5.000	%	08/01/2029	663,000	par	(1)	676,753
	ECMC Group Student Loan Trust 2021-1	Synthetic GIC Asset Fixed Income Investments	4.559	%	11/25/2070	1,245,993	par	(1)	1,232,875
	EMD Finance LLC	Synthetic GIC Asset Fixed Income Investments	4.375	%	10/15/2030	870,000	par	(1)	872,932
	Enbridge Inc	Synthetic GIC Asset Fixed Income Investments	5.300	%	04/05/2029	445,000	par	(1)	459,036
	Enbridge Inc	Synthetic GIC Asset Fixed Income Investments	3.125	%	11/15/2029	1,290,000	par	(1)	1,236,193
	Energy Transfer LP	Synthetic GIC Asset Fixed Income Investments	5.200	%	04/01/2030	260,000	par	(1)	268,048
	Energy Transfer LP	Synthetic GIC Asset Fixed Income Investments	6.100	%	12/01/2028	1,230,000	par	(1)	1,292,997
	Enterprise Fleet Financing 2025-4 LLC	Synthetic GIC Asset Fixed Income Investments	4.110	%	12/20/2029	2,620,000	par	(1)	2,631,774
	Enterprise Products Operating LLC	Synthetic GIC Asset Fixed Income Investments	4.600	%	01/15/2031	855,000	par	(1)	866,189
	EOG Resources Inc	Synthetic GIC Asset Fixed Income Investments	5.000	%	07/15/2032	490,000	par	(1)	502,642
	EOG Resources Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	01/15/2031	665,000	par	(1)	668,295

39 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Equifax Inc	Synthetic GIC Asset Fixed Income Investments	5.100	%	12/15/2027	500,000	par	(1)	509,552
	Equifax Inc	Synthetic GIC Asset Fixed Income Investments	4.800	%	09/15/2029	130,000	par	(1)	132,186
	Equifax Inc	Synthetic GIC Asset Fixed Income Investments	2.350	%	09/15/2031	690,000	par	(1)	614,384
	Equifax Inc	Synthetic GIC Asset Fixed Income Investments	5.100	%	06/01/2028	1,030,000	par	(1)	1,052,685
	ERP Operating LP	Synthetic GIC Asset Fixed Income Investments	4.150	%	12/01/2028	1,240,000	par	(1)	1,246,622
	Ethiopian Leasing 2012 LLC	Synthetic GIC Asset Fixed Income Investments	2.646	%	05/12/2026	96,312	par	(1)	95,925
	Ethiopian Leasing 2012 LLC	Synthetic GIC Asset Fixed Income Investments	2.566	%	08/14/2026	88,641	par	(1)	87,618
	Evergy Metro Inc	Synthetic GIC Asset Fixed Income Investments	4.950	%	04/15/2033	1,060,000	par	(1)	1,079,231
	Evergy Metro Inc	Synthetic GIC Asset Fixed Income Investments	2.250	%	06/01/2030	1,080,000	par	(1)	996,683
	Evergy Missouri West Inc	Synthetic GIC Asset Fixed Income Investments	5.150	%	12/15/2027	420,000	par	(1)	428,164
	Exelon Corp	Synthetic GIC Asset Fixed Income Investments	5.150	%	03/15/2028	630,000	par	(1)	643,809
	Experian Finance PLC	Synthetic GIC Asset Fixed Income Investments	4.250	%	02/01/2029	1,300,000	par	(1)	1,303,683
	Extended Stay America Trust 2025-ESH	Synthetic GIC Asset Fixed Income Investments	5.050	%	10/15/2042	1,970,000	par	(1)	1,973,075
	Extra Space Storage LP	Synthetic GIC Asset Fixed Income Investments	4.950	%	01/15/2033	350,000	par	(1)	354,157
	Extra Space Storage LP	Synthetic GIC Asset Fixed Income Investments	3.900	%	04/01/2029	350,000	par	(1)	346,021
	Extra Space Storage LP	Synthetic GIC Asset Fixed Income Investments	4.000	%	06/15/2029	871,000	par	(1)	863,070
	Fannie Mae Grantor Trust 2002-T16	Synthetic GIC Asset Fixed Income Investments	7.000	%	07/25/2042	34,584	par	(1)	36,870
	Fannie Mae Grantor Trust 2002-T18	Synthetic GIC Asset Fixed Income Investments	7.000	%	08/25/2042	16,169	par	(1)	17,570
	Fannie Mae Grantor Trust 2004-T3	Synthetic GIC Asset Fixed Income Investments	6.000	%	02/25/2044	87,078	par	(1)	87,768
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	10/01/2052	7,391,262	par	(1)	7,460,303
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.255	%	11/01/2041	27,278	par	(1)	27,424
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.434	%	05/01/2036	9,004	par	(1)	9,257
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.178	%	03/01/2034	57,148	par	(1)	58,705
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.277	%	04/01/2044	9,979	par	(1)	9,943
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.247	%	08/01/2034	24,878	par	(1)	25,729
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.058	%	01/01/2035	14,478	par	(1)	15,046
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.194	%	07/01/2035	7,802	par	(1)	8,035
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.265	%	07/01/2035	20,766	par	(1)	21,290
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.500	%	10/01/2052	5,325,283	par	(1)	5,486,005
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.102	%	07/01/2035	53,091	par	(1)	54,162
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	01/01/2052	5,384,874	par	(1)	4,642,133
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.690	%	01/01/2041	17,311	par	(1)	17,939
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.637	%	03/01/2042	18,740	par	(1)	19,444
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	07/01/2032	276,443	par	(1)	268,376
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.481	%	03/01/2044	143,846	par	(1)	149,533
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.510	%	03/01/2044	42,237	par	(1)	43,830
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.443	%	05/01/2044	114,041	par	(1)	118,645
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	03/01/2033	400,255	par	(1)	387,242
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	10/01/2052	12,864,285	par	(1)	12,680,288
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.950	%	01/01/2037	8,836	par	(1)	8,939
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	322,370	par	(1)	312,118

40 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	406,888	par	(1)	394,504
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	572,350	par	(1)	555,571
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.734	%	04/01/2037	7,007	par	(1)	7,103
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.486	%	05/01/2036	49,899	par	(1)	49,485
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	04/01/2041	1,731,568	par	(1)	1,709,636
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	11/01/2040	1,184,626	par	(1)	1,169,618
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	01/01/2041	228,167	par	(1)	225,840
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	05/01/2031	257,666	par	(1)	252,683
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	02/01/2031	128,402	par	(1)	126,106
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.000	%	09/01/2038	23,978	par	(1)	24,440
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.500	%	04/01/2036	38,312	par	(1)	40,079
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.500	%	04/01/2033	243,743	par	(1)	249,556
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	09/01/2052	1,502,963	par	(1)	1,482,878
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.080	%	10/01/2029	1,430,000	par	(1)	1,429,318
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.860	%	12/01/2031	2,080,000	par	(1)	2,044,628
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.360	%	01/01/2030	630,000	par	(1)	637,891
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.255	%	01/01/2030	220,000	par	(1)	221,892
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	12/01/2049	917,515	par	(1)	827,357
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.400	%	01/01/2032	2,345,000	par	(1)	2,358,578
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.320	%	01/01/2030	1,420,000	par	(1)	1,435,663
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	11/01/2048	727,546	par	(1)	722,731
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.500	%	08/01/2032	64,360	par	(1)	62,838
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	09/01/2033	81,482	par	(1)	82,652
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	03/01/2036	598,138	par	(1)	616,939
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.300	%	01/01/2030	260,000	par	(1)	262,674
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	06/01/2035	280,939	par	(1)	284,993
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	10/01/2035	184,146	par	(1)	189,216
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.000	%	11/01/2033	123,339	par	(1)	125,097
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.450	%	01/01/2031	2,300,000	par	(1)	2,329,737
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.570	%	05/01/2031	4,630,000	par	(1)	4,694,051
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.500	%	10/01/2029	19,044,000	par	(1)	18,768,909
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.885	%	05/01/2029	3,590,000	par	(1)	3,472,496
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.590	%	12/01/2030	5,010,000	par	(1)	4,668,503
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.590	%	03/01/2029	4,438,000	par	(1)	4,267,816
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	1.990	%	02/01/2029	5,960,896	par	(1)	5,638,590
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	1.390	%	11/01/2028	790,000	par	(1)	738,443
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	06/01/2052	14,771,369	par	(1)	14,174,871
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.235	%	06/01/2031	6,005,000	par	(1)	6,020,775
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.187	%	11/01/2048	75,085	par	(1)	77,950
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	06/01/2056	1,336,099	par	(1)	1,298,045
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	06/01/2056	922,346	par	(1)	896,076

41 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	06/01/2056	2,308,755	par	(1)	2,254,425
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.165	%	12/01/2032	2,800,000	par	(1)	2,760,184
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.500	%	04/01/2046	327,633	par	(1)	311,239
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.940	%	11/01/2030	5,995,000	par	(1)	5,939,996
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.980	%	07/01/2030	3,259,321	par	(1)	3,357,414
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.710	%	07/01/2030	2,370,000	par	(1)	2,415,720
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	11/01/2045	446,166	par	(1)	436,460
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	3.500	%	11/01/2046	909,478	par	(1)	871,796
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.490	%	07/01/2032	3,000,000	par	(1)	3,023,664
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	5.240	%	12/01/2030	2,331,442	par	(1)	2,423,791
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.990	%	07/01/2030	2,632,894	par	(1)	2,713,161
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.730	%	05/01/2031	4,370,000	par	(1)	4,478,380
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	06/01/2031	230,940	par	(1)	223,951
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	06/01/2031	212,586	par	(1)	206,213
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	06/01/2031	248,917	par	(1)	241,456
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	06/01/2031	260,163	par	(1)	252,171
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	06/01/2056	1,081,754	par	(1)	1,013,755
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	07/01/2056	1,994,276	par	(1)	1,878,807
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	07/01/2056	1,334,319	par	(1)	1,250,452
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	09/01/2034	397,249	par	(1)	379,352
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	10/01/2034	796,740	par	(1)	759,485
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	10/01/2034	652,171	par	(1)	622,241
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.555	%	03/01/2030	1,574,000	par	(1)	1,604,085
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.280	%	02/01/2030	2,040,000	par	(1)	2,059,468
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.400	%	01/01/2030	2,305,000	par	(1)	2,333,029
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	12/01/2034	981,945	par	(1)	936,947
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.620	%	01/01/2032	4,880,000	par	(1)	4,951,019
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.340	%	01/01/2030	1,090,000	par	(1)	1,102,838
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	6.378	%	04/01/2036	123,665	par	(1)	122,814
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	08/01/2051	3,637,180	par	(1)	3,478,541
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	01/01/2051	1,954,048	par	(1)	1,912,949
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	2.840	%	01/01/2027	2,645,276	par	(1)	2,614,829
	Fannie Mae Pool	Synthetic GIC Asset Fixed Income Investments	1.390	%	11/01/2028	1,240,000	par	(1)	1,159,075
	Fannie Mae REMIC Trust 2005-W1	Synthetic GIC Asset Fixed Income Investments	6.500	%	10/25/2044	67,788	par	(1)	70,755
	Fannie Mae REMICS	Synthetic GIC Asset Fixed Income Investments	5.500	%	04/25/2035	86,653	par	(1)	90,099
	Fannie Mae Trust 2003-W6	Synthetic GIC Asset Fixed Income Investments	6.500	%	09/25/2042	34,321	par	(1)	35,450
	Fannie Mae Trust 2003-W8	Synthetic GIC Asset Fixed Income Investments	7.000	%	10/25/2042	5,612	par	(1)	5,802
	Fannie Mae Trust 2004-W2	Synthetic GIC Asset Fixed Income Investments	7.000	%	02/25/2044	22,222	par	(1)	23,086
	Federal Realty OP LP	Synthetic GIC Asset Fixed Income Investments	3.200	%	06/15/2029	1,100,000	par	(1)	1,063,434
	Federal Realty OP LP	Synthetic GIC Asset Fixed Income Investments	5.375	%	05/01/2028	1,100,000	par	(1)	1,127,917
	FedEx Corp	Synthetic GIC Asset Fixed Income Investments	3.100	%	08/05/2029	1,260,000	par	(1)	1,211,887

42 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Fifth Third Bancorp	Synthetic GIC Asset Fixed Income Investments	4.055	%	04/25/2028	630,000	par	(1)	629,522
	Fifth Third Bancorp	Synthetic GIC Asset Fixed Income Investments	4.337	%	04/25/2033	180,000	par	(1)	176,228
	Fifth Third Bancorp	Synthetic GIC Asset Fixed Income Investments	4.772	%	07/28/2030	1,290,000	par	(1)	1,306,308
	FirstEnergy Pennsylvania Electric Co	Synthetic GIC Asset Fixed Income Investments	5.200	%	04/01/2028	670,000	par	(1)	684,235
	FirstEnergy Transmission LLC	Synthetic GIC Asset Fixed Income Investments	2.866	%	09/15/2028	480,000	par	(1)	464,212
	Fiserv Inc	Synthetic GIC Asset Fixed Income Investments	4.550	%	02/15/2031	210,000	par	(1)	207,999
	Fiserv Inc	Synthetic GIC Asset Fixed Income Investments	5.375	%	08/21/2028	1,820,000	par	(1)	1,866,898
	Fiserv Inc	Synthetic GIC Asset Fixed Income Investments	5.450	%	03/02/2028	630,000	par	(1)	645,300
	Florida Gas Transmission Co LLC	Synthetic GIC Asset Fixed Income Investments	2.550	%	07/01/2030	700,000	par	(1)	647,319
	Florida Gas Transmission Co LLC	Synthetic GIC Asset Fixed Income Investments	2.300	%	10/01/2031	895,000	par	(1)	794,272
	FMC Corp	Synthetic GIC Asset Fixed Income Investments	3.450	%	10/01/2029	670,000	par	(1)	595,050
	Ford Credit Auto Owner Trust 2025-REV2	Synthetic GIC Asset Fixed Income Investments	4.370	%	02/15/2038	2,520,000	par	(1)	2,542,960
	Ford Credit Auto Owner Trust/Ford Credit	Synthetic GIC Asset Fixed Income Investments	4.860	%	08/15/2037	2,385,000	par	(1)	2,452,643
	Ford Motor Credit Co LLC	Synthetic GIC Asset Fixed Income Investments	5.303	%	09/06/2029	680,000	par	(1)	685,165
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	08/01/2027	85,434	par	(1)	84,758
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	02/01/2026	980	par	(1)	978
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.500	%	02/01/2043	61,787	par	(1)	58,861
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.000	%	08/01/2038	104,423	par	(1)	110,597
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.000	%	09/01/2038	19,870	par	(1)	21,029
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.000	%	08/01/2038	61,608	par	(1)	65,251
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	01/01/2047	465,227	par	(1)	452,086
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	04/01/2046	578,917	par	(1)	560,777
	Freddie Mac Gold Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2043	917,533	par	(1)	851,366
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.380	%	10/01/2047	237,765	par	(1)	247,495
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.390	%	08/01/2047	52,409	par	(1)	54,551
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.265	%	07/01/2047	62,155	par	(1)	64,506
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.350	%	08/01/2044	82,745	par	(1)	85,983
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.572	%	01/01/2044	96,978	par	(1)	100,559
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	2.502	%	05/01/2052	5,608,552	par	(1)	5,383,901
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.706	%	02/01/2042	8,037	par	(1)	8,304
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.271	%	11/01/2040	9,481	par	(1)	9,813
	Freddie Mac Non Gold Pool	Synthetic GIC Asset Fixed Income Investments	6.219	%	12/01/2036	30,224	par	(1)	31,128
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	331,868	par	(1)	321,663
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	239,139	par	(1)	231,788
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	4.500	%	09/01/2052	2,661,300	par	(1)	2,622,853
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	08/01/2052	3,147,779	par	(1)	3,020,665
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	4.000	%	08/01/2052	3,269,335	par	(1)	3,125,063
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2050	2,367,268	par	(1)	2,135,065
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	12/01/2049	2,387,796	par	(1)	2,153,345
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	11/01/2049	2,313,969	par	(1)	2,087,020
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	2.000	%	11/01/2050	3,859,280	par	(1)	3,186,318

43 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	12/01/2034	894,744	par	(1)	855,357
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	01/01/2035	2,600,472	par	(1)	2,477,813
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	01/01/2035	841,321	par	(1)	801,651
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	12/01/2034	3,740,881	par	(1)	3,569,253
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.500	%	08/01/2049	64,045	par	(1)	59,975
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	3.000	%	01/01/2035	234,293	par	(1)	226,956
	Freddie Mac Pool	Synthetic GIC Asset Fixed Income Investments	2.500	%	12/01/2051	7,039,865	par	(1)	6,095,482
	Freddie Struct PT Cert	Synthetic GIC Asset Fixed Income Investments	7.000	%	07/25/2043	346,501	par	(1)	368,359
	GE HealthCare Technologies Inc	Synthetic GIC Asset Fixed Income Investments	5.857	%	03/15/2030	530,000	par	(1)	560,871
	GE HealthCare Technologies Inc	Synthetic GIC Asset Fixed Income Investments	5.650	%	11/15/2027	1,790,000	par	(1)	1,843,070
	General Mills Inc	Synthetic GIC Asset Fixed Income Investments	4.200	%	04/17/2028	1,400,000	par	(1)	1,404,864
	General Motors Financial Co Inc	Synthetic GIC Asset Fixed Income Investments	2.400	%	10/15/2028	1,940,000	par	(1)	1,850,521
	General Motors Financial Co Inc	Synthetic GIC Asset Fixed Income Investments	4.300	%	04/06/2029	1,270,000	par	(1)	1,268,120
	General Motors Financial Co Inc	Synthetic GIC Asset Fixed Income Investments	5.000	%	04/09/2027	730,000	par	(1)	737,907
	Georgia-Pacific LLC	Synthetic GIC Asset Fixed Income Investments	2.300	%	04/30/2030	1,300,000	par	(1)	1,199,996
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	5.625	%	03/20/2042	34,949	par	(1)	35,624
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.580	%	01/20/2067	913,313	par	(1)	912,359
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.409	%	02/20/2067	520,648	par	(1)	519,747
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	5.040	%	06/20/2058	32,107	par	(1)	32,522
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.179	%	12/20/2066	735,808	par	(1)	732,538
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.569	%	01/20/2067	364,637	par	(1)	363,784
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.680	%	03/20/2065	197,639	par	(1)	197,400
	Ginnie Mae II pool	Synthetic GIC Asset Fixed Income Investments	4.860	%	05/20/2058	69,541	par	(1)	69,573
	GM Financial Revolving Receivables Trust 2022-1	Synthetic GIC Asset Fixed Income Investments	5.910	%	10/11/2035	1,525,000	par	(1)	1,580,367
	GM Financial Revolving Receivables Trust 2023-2	Synthetic GIC Asset Fixed Income Investments	5.770	%	08/11/2036	3,125,000	par	(1)	3,280,844
	GM Financial Revolving Receivables Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	4.980	%	12/11/2036	1,595,000	par	(1)	1,640,973
	GM Financial Revolving Receivables Trust 2024-2	Synthetic GIC Asset Fixed Income Investments	4.520	%	03/11/2037	3,010,000	par	(1)	3,060,815
	GM Financial Revolving Receivables Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.640	%	12/11/2037	2,210,000	par	(1)	2,255,113
	GMF Floorplan Owner Revolving Trust	Synthetic GIC Asset Fixed Income Investments	5.340	%	06/15/2028	3,340,000	par	(1)	3,359,997
	GNMA	Synthetic GIC Asset Fixed Income Investments	4.764	%	10/20/2065	183,902	par	(1)	184,178
	GNMA	Synthetic GIC Asset Fixed Income Investments	5.114	%	12/20/2066	741,816	par	(1)	746,643
	GNMA	Synthetic GIC Asset Fixed Income Investments	5.014	%	12/20/2066	438,358	par	(1)	440,702
	Goldman Sachs Group Inc	Synthetic GIC Asset Fixed Income Investments	5.049	%	07/23/2030	590,000	par	(1)	604,959
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	5.207	%	01/28/2031	750,000	par	(1)	775,017
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	3.615	%	03/15/2028	1,030,000	par	(1)	1,024,405
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	1.948	%	10/21/2027	3,170,000	par	(1)	3,116,592
	Goldman Sachs Group Inc/The	Synthetic GIC Asset Fixed Income Investments	5.727	%	04/25/2030	640,000	par	(1)	669,043
	Government National Mortgage Association	Synthetic GIC Asset Fixed Income Investments	4.834	%	01/20/2069	2,954,336	par	(1)	2,962,537
	GS Mortgage Securities Trust 2017-GS6	Synthetic GIC Asset Fixed Income Investments	3.164	%	05/10/2050	2,129,521	par	(1)	2,100,613
	GS Mortgage Securities Trust 2017-GS8	Synthetic GIC Asset Fixed Income Investments	3.205	%	11/10/2050	4,510,000	par	(1)	4,448,028
	GS Mortgage Securities Trust 2018-GS10	Synthetic GIC Asset Fixed Income Investments	4.155	%	07/10/2051	2,366,207	par	(1)	2,339,765

44 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Halliburton Co	Synthetic GIC Asset Fixed Income Investments	2.920	%	03/01/2030	1,730,000	par	(1)	1,638,127
	Health Care Service Corp A Mutual Legal Reserve Co	Synthetic GIC Asset Fixed Income Investments	5.200	%	06/15/2029	1,860,000	par	(1)	1,907,845
	Healthpeak OP LLC	Synthetic GIC Asset Fixed Income Investments	2.875	%	01/15/2031	1,470,000	par	(1)	1,363,199
	Healthpeak OP LLC	Synthetic GIC Asset Fixed Income Investments	3.500	%	07/15/2029	580,000	par	(1)	564,145
	Hewlett Packard Enterprise Co	Synthetic GIC Asset Fixed Income Investments	4.400	%	10/15/2030	1,030,000	par	(1)	1,027,838
	Hewlett Packard Enterprise Co	Synthetic GIC Asset Fixed Income Investments	4.550	%	10/15/2029	1,750,000	par	(1)	1,764,954
	Hexcel Corp	Synthetic GIC Asset Fixed Income Investments	4.200	%	02/15/2027	1,230,000	par	(1)	1,227,399
	HP Inc	Synthetic GIC Asset Fixed Income Investments	4.000	%	04/15/2029	1,130,000	par	(1)	1,118,705
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	4.041	%	03/13/2028	2,187,000	par	(1)	2,184,183
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	2.871	%	11/22/2032	1,490,000	par	(1)	1,355,130
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	4.755	%	06/09/2028	540,000	par	(1)	544,796
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	6.161	%	03/09/2029	840,000	par	(1)	874,820
	HSBC Holdings PLC	Synthetic GIC Asset Fixed Income Investments	4.583	%	06/19/2029	400,000	par	(1)	403,832
	Hudson Yards 2025-SPRL Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	5.467	%	01/13/2040	1,720,000	par	(1)	1,784,450
	Huntington Bancshares Inc/OH	Synthetic GIC Asset Fixed Income Investments	4.443	%	08/04/2028	730,000	par	(1)	734,085
	Huntington National Bank/The	Synthetic GIC Asset Fixed Income Investments	5.650	%	01/10/2030	600,000	par	(1)	629,052
	Huntington National Bank/The	Synthetic GIC Asset Fixed Income Investments	4.552	%	05/17/2028	960,000	par	(1)	965,796
	Hyundai Capital America	Synthetic GIC Asset Fixed Income Investments	5.300	%	01/08/2030	1,030,000	par	(1)	1,062,136
	Indiana Housing & Community Development Authority	Synthetic GIC Asset Fixed Income Investments	5.750	%	07/01/2054	2,055,000	par	(1)	2,110,793
	Indianapolis Power & Light Co	Synthetic GIC Asset Fixed Income Investments	5.050	%	08/15/2035	1,570,000	par	(1)	1,582,714
	Indianapolis Power & Light Co	Synthetic GIC Asset Fixed Income Investments	5.650	%	12/01/2032	1,100,000	par	(1)	1,150,961
	Ingredion Inc	Synthetic GIC Asset Fixed Income Investments	3.200	%	10/01/2026	600,000	par	(1)	595,947
	Ingredion Inc	Synthetic GIC Asset Fixed Income Investments	2.900	%	06/01/2030	740,000	par	(1)	697,235
	International Business Machines Corp	Synthetic GIC Asset Fixed Income Investments	4.800	%	02/10/2030	1,500,000	par	(1)	1,535,856
	Interstate Power and Light Co	Synthetic GIC Asset Fixed Income Investments	4.100	%	09/26/2028	1,200,000	par	(1)	1,199,212
	INTOWN 2025-STAY Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	5.100	%	03/15/2042	2,035,000	par	(1)	2,037,542
	J Paul Getty Trust/The	Synthetic GIC Asset Fixed Income Investments	4.905	%	04/01/2035	1,185,000	par	(1)	1,208,129
	John Deere Owner Trust 2023-B	Synthetic GIC Asset Fixed Income Investments	5.180	%	03/15/2028	619,472	par	(1)	623,281
	John Deere Owner Trust 2024	Synthetic GIC Asset Fixed Income Investments	4.960	%	11/15/2028	1,215,000	par	(1)	1,225,656
	Johns Hopkins Health System Corp/The	Synthetic GIC Asset Fixed Income Investments	2.420	%	01/01/2030	1,607,000	par	(1)	1,496,847
	Johnson Controls / Tyco Fire Security Finance	Synthetic GIC Asset Fixed Income Investments	5.500	%	04/19/2029	760,000	par	(1)	791,000
	JPMBB Commercial Mortgage Sec Trust 2014-C24	Synthetic GIC Asset Fixed Income Investments	3.639	%	11/15/2047	233,101	par	(1)	229,536
	JPMCC Commercial Mortgage Sec Trust 2017-JP5	Synthetic GIC Asset Fixed Income Investments	3.723	%	03/15/2050	1,185,000	par	(1)	1,178,091
	JPMDB Commercial Mortgage Securities Trust 2016-C4	Synthetic GIC Asset Fixed Income Investments	3.141	%	12/15/2049	1,765,000	par	(1)	1,736,668
	JPMDB Commercial Mortgage Securities Trust 2017-C7	Synthetic GIC Asset Fixed Income Investments	3.409	%	10/15/2050	1,875,000	par	(1)	1,843,543
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	4.452	%	12/05/2029	1,370,000	par	(1)	1,384,406
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	2.069	%	06/01/2029	660,000	par	(1)	630,408
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	2.182	%	06/01/2028	1,500,000	par	(1)	1,462,994
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	1.470	%	09/22/2027	2,970,000	par	(1)	2,915,970
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	4.203	%	07/23/2029	810,000	par	(1)	812,515
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	5.140	%	01/24/2031	1,055,000	par	(1)	1,091,337

45 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	5.299	%	07/24/2029	640,000	par	(1)	659,784
	JPMorgan Chase & Co	Synthetic GIC Asset Fixed Income Investments	4.565	%	06/14/2030	410,000	par	(1)	415,066
	Kentucky Higher Education Student Loan Corp	Synthetic GIC Asset Fixed Income Investments	5.475	%	11/25/2050	3,819,419	par	(1)	3,741,732
	KeyBank NA/Cleveland OH	Synthetic GIC Asset Fixed Income Investments	5.000	%	01/26/2033	690,000	par	(1)	697,927
	KeyCorp	Synthetic GIC Asset Fixed Income Investments	5.121	%	04/04/2031	610,000	par	(1)	626,902
	Kimco Realty OP LLC	Synthetic GIC Asset Fixed Income Investments	2.250	%	12/01/2031	2,140,000	par	(1)	1,900,311
	Kinder Morgan Inc	Synthetic GIC Asset Fixed Income Investments	5.000	%	02/01/2029	1,310,000	par	(1)	1,341,005
	Kinder Morgan Inc	Synthetic GIC Asset Fixed Income Investments	1.750	%	11/15/2026	1,610,000	par	(1)	1,580,476
	King County Public Hospital District No 2	Synthetic GIC Asset Fixed Income Investments	2.601	%	12/01/2034	2,045,000	par	(1)	1,752,013
	L3Harris Technologies Inc	Synthetic GIC Asset Fixed Income Investments	5.050	%	06/01/2029	810,000	par	(1)	832,405
	L3Harris Technologies Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	06/15/2028	450,000	par	(1)	453,474
	Lake Central Multi-District School Building Corp	Synthetic GIC Asset Fixed Income Investments	1.651	%	07/15/2028	1,695,000	par	(1)	1,607,640
	Leland Stanford Junior University/The	Synthetic GIC Asset Fixed Income Investments	4.146	%	08/01/2030	2,220,000	par	(1)	2,234,050
	Leland Stanford Junior University/The	Synthetic GIC Asset Fixed Income Investments	1.289	%	06/01/2027	975,000	par	(1)	943,128
	Leland Stanford Junior University/The	Synthetic GIC Asset Fixed Income Investments	3.089	%	05/01/2029	2,000,000	par	(1)	1,941,188
	Lennox International Inc	Synthetic GIC Asset Fixed Income Investments	1.700	%	08/01/2027	490,000	par	(1)	472,660
	Lennox International Inc	Synthetic GIC Asset Fixed Income Investments	5.500	%	09/15/2028	1,100,000	par	(1)	1,135,553
	Life 2022-BMR Mortgage Trust	Synthetic GIC Asset Fixed Income Investments	5.045	%	05/15/2039	1,235,000	par	(1)	1,191,027
	Lockheed Martin Corp	Synthetic GIC Asset Fixed Income Investments	4.400	%	08/15/2030	1,530,000	par	(1)	1,546,010
	Louisiana Local Govt Env Fac. & Comm Dev Auth	Synthetic GIC Asset Fixed Income Investments	4.145	%	02/01/2031	2,980,000	par	(1)	2,982,324
	Louisiana Local Govt Env Fac. & Comm Dev Auth	Synthetic GIC Asset Fixed Income Investments	4.475	%	08/01/2039	1,000,000	par	(1)	977,090
	Lowe's Cos Inc	Synthetic GIC Asset Fixed Income Investments	3.750	%	04/01/2032	610,000	par	(1)	585,358
	M&T Bank Corp	Synthetic GIC Asset Fixed Income Investments	4.553	%	08/16/2028	630,000	par	(1)	633,434
	Mars Inc	Synthetic GIC Asset Fixed Income Investments	5.000	%	03/01/2032	1,660,000	par	(1)	1,713,464
	Marsh & McLennan Cos Inc	Synthetic GIC Asset Fixed Income Investments	4.650	%	03/15/2030	1,060,000	par	(1)	1,081,678
	Masco Corp	Synthetic GIC Asset Fixed Income Investments	2.000	%	10/01/2030	1,790,000	par	(1)	1,598,617
	Massachusetts Water Resources Authority	Synthetic GIC Asset Fixed Income Investments	2.390	%	08/01/2033	2,005,000	par	(1)	1,762,936
	MassMutual Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.850	%	01/17/2029	1,130,000	par	(1)	1,154,001
	MassMutual Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.950	%	01/10/2030	758,000	par	(1)	776,501
	MD Comm Dev Admin Housing Rev	Synthetic GIC Asset Fixed Income Investments	3.500	%	09/01/2047	25,000	par	(1)	24,955
	Mercedes-Benz Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	5.000	%	04/01/2030	585,000	par	(1)	600,789
	Mercedes-Benz Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	4.850	%	01/11/2029	1,310,000	par	(1)	1,335,363
	Mercedes-Benz Finance North America LLC	Synthetic GIC Asset Fixed Income Investments	5.100	%	08/03/2028	1,090,000	par	(1)	1,118,959
	Merck & Co Inc	Synthetic GIC Asset Fixed Income Investments	4.150	%	03/15/2031	1,280,000	par	(1)	1,277,645
	Met Tower Global Funding	Synthetic GIC Asset Fixed Income Investments	5.250	%	04/12/2029	890,000	par	(1)	920,042
	METLIFE SECURITIZATION TRUST 2019-1	Synthetic GIC Asset Fixed Income Investments	3.750	%	04/25/2058	226,529	par	(1)	224,287
	Metropolitan Life Global Funding I	Synthetic GIC Asset Fixed Income Investments	2.950	%	04/09/2030	1,400,000	par	(1)	1,329,107
	Microchip Technology Inc	Synthetic GIC Asset Fixed Income Investments	5.050	%	02/15/2030	910,000	par	(1)	929,137
	Microchip Technology Inc	Synthetic GIC Asset Fixed Income Investments	5.050	%	03/15/2029	1,220,000	par	(1)	1,244,753
	Mid-America Apartments LP	Synthetic GIC Asset Fixed Income Investments	3.950	%	03/15/2029	900,000	par	(1)	895,120
	Mid-Atlantic Interstate Transmission LLC	Synthetic GIC Asset Fixed Income Investments	4.100	%	05/15/2028	1,200,000	par	(1)	1,201,073

46 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Minnesota Housing Finance Agency	Synthetic GIC Asset Fixed Income Investments	6.000	%	07/01/2053	1,690,000	par	(1)	1,749,944
	Minnesota Housing Finance Agency	Synthetic GIC Asset Fixed Income Investments	6.000	%	01/01/2054	1,115,000	par	(1)	1,155,921
	Mitsubishi UFJ Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	4.527	%	09/12/2031	655,000	par	(1)	659,153
	Mitsubishi UFJ Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	5.197	%	01/16/2031	950,000	par	(1)	980,698
	Mitsubishi UFJ Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	1.538	%	07/20/2027	1,180,000	par	(1)	1,163,537
	Mitsubishi UFJ Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	2.341	%	01/19/2028	1,370,000	par	(1)	1,346,209
	MMAF Equipment Finance LLC 2020-A	Synthetic GIC Asset Fixed Income Investments	1.400	%	08/09/2030	815,000	par	(1)	793,682
	MMAF Equipment Finance LLC 2022-A	Synthetic GIC Asset Fixed Income Investments	3.320	%	06/13/2044	2,305,000	par	(1)	2,301,402
	MMAF Equipment Finance LLC 2023-A	Synthetic GIC Asset Fixed Income Investments	5.540	%	12/13/2029	2,545,000	par	(1)	2,581,080
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	5.192	%	04/17/2031	460,000	par	(1)	474,671
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	4.210	%	04/20/2028	1,550,000	par	(1)	1,553,691
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	5.164	%	04/20/2029	1,910,000	par	(1)	1,953,621
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	5.230	%	01/15/2031	605,000	par	(1)	624,569
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	5.173	%	01/16/2030	1,150,000	par	(1)	1,181,294
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	2.475	%	01/21/2028	1,730,000	par	(1)	1,701,900
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	5.449	%	07/20/2029	370,000	par	(1)	382,034
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	5.042	%	07/19/2030	580,000	par	(1)	595,198
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	4.431	%	01/23/2030	610,000	par	(1)	613,761
	Morgan Stanley	Synthetic GIC Asset Fixed Income Investments	1.593	%	05/04/2027	710,000	par	(1)	703,844
	Morgan Stanley BAML Trust 2017-C33	Synthetic GIC Asset Fixed Income Investments	3.337	%	05/15/2050	2,550,000	par	(1)	2,524,362
	Morgan Stanley BAML Trust 2017-C34	Synthetic GIC Asset Fixed Income Investments	3.536	%	11/15/2052	800,000	par	(1)	789,753
	Mosaic Co/The	Synthetic GIC Asset Fixed Income Investments	4.600	%	11/15/2030	810,000	par	(1)	812,254
	Motorola Solutions Inc	Synthetic GIC Asset Fixed Income Investments	5.000	%	04/15/2029	320,000	par	(1)	328,077
	MPLX LP	Synthetic GIC Asset Fixed Income Investments	4.950	%	09/01/2032	440,000	par	(1)	443,588
	MPLX LP	Synthetic GIC Asset Fixed Income Investments	1.750	%	03/01/2026	810,000	par	(1)	806,809
	MPLX LP	Synthetic GIC Asset Fixed Income Investments	4.125	%	03/01/2027	900,000	par	(1)	900,417
	MPLX LP	Synthetic GIC Asset Fixed Income Investments	4.800	%	02/15/2031	960,000	par	(1)	971,200
	MPLX LP	Synthetic GIC Asset Fixed Income Investments	4.000	%	03/15/2028	490,000	par	(1)	489,102
	MS State Higher Ed Asst Co	Synthetic GIC Asset Fixed Income Investments	4.669	%	10/25/2035	278,806	par	(1)	278,967
	Mutual of Omaha Cos Global Funding	Synthetic GIC Asset Fixed Income Investments	4.750	%	10/15/2029	490,000	par	(1)	498,001
	Mutual of Omaha Cos Global Funding	Synthetic GIC Asset Fixed Income Investments	5.000	%	04/01/2030	650,000	par	(1)	664,981
	Mutual of Omaha Cos Global Funding	Synthetic GIC Asset Fixed Income Investments	5.450	%	12/12/2028	1,290,000	par	(1)	1,335,035
	Nature Conservancy/The	Synthetic GIC Asset Fixed Income Investments	3.016	%	03/01/2030	1,500,000	par	(1)	1,411,881
	Navient Refinance Loan Trust 2025-A	Synthetic GIC Asset Fixed Income Investments	5.150	%	02/16/2055	1,651,725	par	(1)	1,675,294
	Navient Student Loan Trust 2021-1	Synthetic GIC Asset Fixed Income Investments	4.589	%	12/26/2069	1,768,321	par	(1)	1,744,135
	Nebraska Investment Finance Authority	Synthetic GIC Asset Fixed Income Investments	6.000	%	09/01/2053	1,685,000	par	(1)	1,758,651
	Nelnet Student Loan Trust 2021-A	Synthetic GIC Asset Fixed Income Investments	1.360	%	04/20/2062	1,291,239	par	(1)	1,221,769
	Nelnet Student Loan Trust 2021-C	Synthetic GIC Asset Fixed Income Investments	1.320	%	04/20/2062	373,193	par	(1)	350,548
	Nelnet Student Loan Trust 2021-D	Synthetic GIC Asset Fixed Income Investments	1.630	%	04/20/2062	1,911,557	par	(1)	1,824,333
	Nevada Housing Division	Synthetic GIC Asset Fixed Income Investments	5.750	%	10/01/2053	1,770,000	par	(1)	1,823,436
	New York City Transitional Finance Authority	Synthetic GIC Asset Fixed Income Investments	4.930	%	05/01/2031	1,335,000	par	(1)	1,382,139

47 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	New York Hospital for Special Surgery	Synthetic GIC Asset Fixed Income Investments	3.737	%	04/01/2028	285,000	par	(1)	283,038
	Newmont Corp / Newcrest Finance Pty Ltd	Synthetic GIC Asset Fixed Income Investments	5.350	%	03/15/2034	500,000	par	(1)	523,411
	NLG Global Funding	Synthetic GIC Asset Fixed Income Investments	5.400	%	01/23/2030	1,090,000	par	(1)	1,121,402
	NLG Global Funding	Synthetic GIC Asset Fixed Income Investments	4.350	%	09/15/2030	630,000	par	(1)	622,547
	NNN REIT Inc	Synthetic GIC Asset Fixed Income Investments	4.600	%	02/15/2031	790,000	par	(1)	796,265
	NNN REIT Inc	Synthetic GIC Asset Fixed Income Investments	4.300	%	10/15/2028	1,350,000	par	(1)	1,358,034
	Norfolk Southern Corp	Synthetic GIC Asset Fixed Income Investments	2.550	%	11/01/2029	1,470,000	par	(1)	1,389,284
	North Carolina Housing Finance Agency	Synthetic GIC Asset Fixed Income Investments	2.870	%	07/01/2032	15,000	par	(1)	15,000
	North Texas Higher Education Authority Inc	Synthetic GIC Asset Fixed Income Investments	4.416	%	10/25/2061	1,777,765	par	(1)	1,758,600
	North Texas Higher Education Authority Inc	Synthetic GIC Asset Fixed Income Investments	4.416	%	09/25/2061	1,356,254	par	(1)	1,350,058
	NorthWestern Corp	Synthetic GIC Asset Fixed Income Investments	5.073	%	03/21/2030	1,310,000	par	(1)	1,344,425
	Northwestern Mutual Global Funding	Synthetic GIC Asset Fixed Income Investments	3.300	%	04/04/2029	970,000	par	(1)	942,241
	NTT Finance Corp	Synthetic GIC Asset Fixed Income Investments	5.110	%	07/02/2029	1,330,000	par	(1)	1,365,825
	NTT Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.876	%	07/16/2030	1,400,000	par	(1)	1,427,012
	Nutrien Ltd	Synthetic GIC Asset Fixed Income Investments	2.950	%	05/13/2030	540,000	par	(1)	510,662
	Nutrien Ltd	Synthetic GIC Asset Fixed Income Investments	4.900	%	03/27/2028	720,000	par	(1)	733,157
	NXP BV / NXP Funding LLC / NXP USA Inc	Synthetic GIC Asset Fixed Income Investments	4.850	%	08/19/2032	630,000	par	(1)	634,248
	NXP BV / NXP Funding LLC / NXP USA Inc	Synthetic GIC Asset Fixed Income Investments	2.650	%	02/15/2032	1,800,000	par	(1)	1,618,961
	NXP BV / NXP Funding LLC / NXP USA Inc	Synthetic GIC Asset Fixed Income Investments	5.000	%	01/15/2033	400,000	par	(1)	407,025
	OhioHealth Corp	Synthetic GIC Asset Fixed Income Investments	2.297	%	11/15/2031	2,100,000	par	(1)	1,886,415
	Oklahoma Development Finance Authority	Synthetic GIC Asset Fixed Income Investments	3.877	%	05/01/2032	1,990,467	par	(1)	1,957,186
	Oklahoma Development Finance Authority	Synthetic GIC Asset Fixed Income Investments	4.135	%	12/01/2033	816,201	par	(1)	811,418
	Oklahoma Development Finance Authority	Synthetic GIC Asset Fixed Income Investments	4.285	%	02/01/2032	262,865	par	(1)	261,994
	Oncor Electric Delivery Co LLC	Synthetic GIC Asset Fixed Income Investments	2.750	%	05/15/2030	1,930,000	par	(1)	1,819,878
	Oncor Electric Delivery Co LLC	Synthetic GIC Asset Fixed Income Investments	4.650	%	11/01/2029	1,150,000	par	(1)	1,169,526
	Oncor Electric Delivery Co LLC	Synthetic GIC Asset Fixed Income Investments	4.550	%	09/15/2032	1,250,000	par	(1)	1,251,081
	ONE Gas Inc	Synthetic GIC Asset Fixed Income Investments	5.100	%	04/01/2029	480,000	par	(1)	494,359
	ONEOK Inc	Synthetic GIC Asset Fixed Income Investments	3.250	%	06/01/2030	1,108,000	par	(1)	1,055,594
	ONEOK Inc	Synthetic GIC Asset Fixed Income Investments	4.400	%	10/15/2029	310,000	par	(1)	311,225
	ONEOK Inc	Synthetic GIC Asset Fixed Income Investments	4.950	%	10/15/2032	420,000	par	(1)	422,513
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	4.800	%	09/26/2032	450,000	par	(1)	436,600
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	5.200	%	09/26/2035	440,000	par	(1)	422,548
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	4.200	%	09/27/2029	950,000	par	(1)	931,668
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	6.150	%	11/09/2029	300,000	par	(1)	313,434
	Oracle Corp	Synthetic GIC Asset Fixed Income Investments	2.950	%	04/01/2030	2,465,000	par	(1)	2,278,195
	Orlando Health Obligated Group	Synthetic GIC Asset Fixed Income Investments	3.777	%	10/01/2028	1,000,000	par	(1)	988,855
	Orlando Health Obligated Group	Synthetic GIC Asset Fixed Income Investments	2.291	%	10/01/2028	1,250,000	par	(1)	1,196,285
	Pacific Life Global Funding II	Synthetic GIC Asset Fixed Income Investments	4.900	%	01/11/2029	870,000	par	(1)	889,036
	Packaging Corp of America	Synthetic GIC Asset Fixed Income Investments	3.000	%	12/15/2029	1,200,000	par	(1)	1,148,051
	Pfizer Inc	Synthetic GIC Asset Fixed Income Investments	4.200	%	11/15/2030	—	par	(1)	—
	PFS Financing Corp	Synthetic GIC Asset Fixed Income Investments	5.520	%	10/15/2028	1,400,000	par	(1)	1,415,877

48 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	PHEAA Student Loan Trust 2016-2	Synthetic GIC Asset Fixed Income Investments	4.939	%	11/25/2065	561,149	par	(1)	560,533
	Phillips 66 Co	Synthetic GIC Asset Fixed Income Investments	5.250	%	06/15/2031	1,120,000	par	(1)	1,165,338
	Pioneer Natural Resources Co	Synthetic GIC Asset Fixed Income Investments	2.150	%	01/15/2031	880,000	par	(1)	798,923
	Pioneer Natural Resources Co	Synthetic GIC Asset Fixed Income Investments	1.900	%	08/15/2030	650,000	par	(1)	589,229
	Plains All American Pipeline LP / PAA Finance Corp	Synthetic GIC Asset Fixed Income Investments	4.700	%	01/15/2031	835,000	par	(1)	840,468
	PNC Bank NA	Synthetic GIC Asset Fixed Income Investments	2.700	%	10/22/2029	2,200,000	par	(1)	2,079,084
	PNC Financial Services Group Inc/The	Synthetic GIC Asset Fixed Income Investments	5.222	%	01/29/2031	750,000	par	(1)	776,614
	PNC Financial Services Group Inc/The	Synthetic GIC Asset Fixed Income Investments	5.068	%	01/24/2034	310,000	par	(1)	317,628
	PNC Financial Services Group Inc/The	Synthetic GIC Asset Fixed Income Investments	4.899	%	05/13/2031	540,000	par	(1)	553,206
	PPG Industries Inc	Synthetic GIC Asset Fixed Income Investments	2.550	%	06/15/2030	1,330,000	par	(1)	1,239,833
	PPL Electric Utilities Corp	Synthetic GIC Asset Fixed Income Investments	5.000	%	05/15/2033	2,190,000	par	(1)	2,246,493
	President and Fellows of Harvard College	Synthetic GIC Asset Fixed Income Investments	4.887	%	03/15/2030	1,150,000	par	(1)	1,187,040
	Principal Life Global Funding II	Synthetic GIC Asset Fixed Income Investments	5.100	%	01/25/2029	1,260,000	par	(1)	1,290,917
	Prologis LP	Synthetic GIC Asset Fixed Income Investments	4.750	%	01/15/2031	270,000	par	(1)	276,268
	Protective Life Global Funding	Synthetic GIC Asset Fixed Income Investments	5.467	%	12/08/2028	650,000	par	(1)	673,665
	Providence St Joseph Health Obligated Group	Synthetic GIC Asset Fixed Income Investments	2.746	%	10/01/2026	750,000	par	(1)	743,451
	PSNH Funding LLC 3	Synthetic GIC Asset Fixed Income Investments	3.506	%	08/01/2028	289,595	par	(1)	289,174
	Public Service Co of New Hampshire	Synthetic GIC Asset Fixed Income Investments	2.200	%	06/15/2031	830,000	par	(1)	745,921
	Public Service Co of New Hampshire	Synthetic GIC Asset Fixed Income Investments	5.350	%	10/01/2033	400,000	par	(1)	418,075
	Public Service Electric and Gas Co	Synthetic GIC Asset Fixed Income Investments	1.900	%	08/15/2031	1,360,000	par	(1)	1,201,969
	Puget Sound Energy Inc	Synthetic GIC Asset Fixed Income Investments	5.330	%	06/15/2034	980,000	par	(1)	1,010,366
	Regions Financial Corp	Synthetic GIC Asset Fixed Income Investments	1.800	%	08/12/2028	1,570,000	par	(1)	1,484,524
	RELX Capital Inc	Synthetic GIC Asset Fixed Income Investments	4.750	%	03/27/2030	560,000	par	(1)	571,504
	Revvity Inc	Synthetic GIC Asset Fixed Income Investments	1.900	%	09/15/2028	1,420,000	par	(1)	1,335,859
	Rexford Industrial Realty LP	Synthetic GIC Asset Fixed Income Investments	5.000	%	06/15/2028	1,130,000	par	(1)	1,149,977
	RI State Std Ln Authority	Synthetic GIC Asset Fixed Income Investments	5.093	%	09/01/2036	517,521	par	(1)	514,866
	Rio Tinto Finance USA PLC	Synthetic GIC Asset Fixed Income Investments	4.875	%	03/14/2030	1,000,000	par	(1)	1,028,500
	Roche Holdings Inc	Synthetic GIC Asset Fixed Income Investments	4.075	%	12/02/2030	635,000	par	(1)	633,882
	ROCK Trust 2024-CNTR	Synthetic GIC Asset Fixed Income Investments	5.388	%	11/13/2041	1,475,000	par	(1)	1,516,306
	Rogers Communications Inc	Synthetic GIC Asset Fixed Income Investments	3.800	%	03/15/2032	1,490,000	par	(1)	1,406,097
	Roper Technologies Inc	Synthetic GIC Asset Fixed Income Investments	4.450	%	09/15/2030	640,000	par	(1)	643,557
	Roper Technologies Inc	Synthetic GIC Asset Fixed Income Investments	4.500	%	10/15/2029	560,000	par	(1)	565,854
	Royal Bank of Canada	Synthetic GIC Asset Fixed Income Investments	4.970	%	05/02/2031	940,000	par	(1)	962,076
	Royal Bank of Canada	Synthetic GIC Asset Fixed Income Investments	5.153	%	02/04/2031	1,470,000	par	(1)	1,514,901
	Royal Bank of Canada	Synthetic GIC Asset Fixed Income Investments	4.696	%	08/06/2031	770,000	par	(1)	780,564
	RTX Corp	Synthetic GIC Asset Fixed Income Investments	4.125	%	11/16/2028	2,000,000	par	(1)	2,007,370
	RTX Corp	Synthetic GIC Asset Fixed Income Investments	2.250	%	07/01/2030	970,000	par	(1)	893,902
	Sabine Pass Liquefaction LLC	Synthetic GIC Asset Fixed Income Investments	4.500	%	05/15/2030	1,890,000	par	(1)	1,899,459
	San Diego Community College District	Synthetic GIC Asset Fixed Income Investments	2.383	%	08/01/2033	1,000,000	par	(1)	882,340
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	2.938	%	03/10/2032	14,807,594	par	(1)	14,141,104
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	1.304	%	09/10/2031	4,526,119	par	(1)	4,032,681

49 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	5.168	%	03/10/2033	8,062,069	par	(1)	8,234,694
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	1.667	%	03/10/2031	2,389,652	par	(1)	2,193,304
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	3.548	%	09/10/2028	1,243,779	par	(1)	1,229,158
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	2.078	%	03/10/2030	2,753,251	par	(1)	2,609,459
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	2.507	%	03/10/2026	200,346	par	(1)	199,772
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	2.283	%	09/10/2029	1,751,393	par	(1)	1,674,593
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	3.113	%	03/10/2029	851,651	par	(1)	831,533
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	2.518	%	09/10/2027	738,936	par	(1)	721,374
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	2.845	%	03/10/2027	1,113,622	par	(1)	1,097,914
	SBA Small Business Investment Cos	Synthetic GIC Asset Fixed Income Investments	4.963	%	03/10/2035	6,320,000	par	(1)	6,417,448
	SC State Std Ln Corp	Synthetic GIC Asset Fixed Income Investments	4.489	%	01/25/2041	74,051	par	(1)	73,201
	SC State Std Ln Corp	Synthetic GIC Asset Fixed Income Investments	5.868	%	10/27/2036	160,251	par	(1)	159,871
	Sealed Air Corp	Synthetic GIC Asset Fixed Income Investments	1.573	%	10/15/2026	750,000	par	(1)	734,018
	Seasoned Credit Risk Transfer Trust Series 2018-3	Synthetic GIC Asset Fixed Income Investments	3.500	%	08/25/2057	1,719,887	par	(1)	1,688,705
	Seasoned Credit Risk Transfer Trust Series 2019-1	Synthetic GIC Asset Fixed Income Investments	4.000	%	07/25/2058	959,544	par	(1)	920,607
	Seasoned Credit Risk Transfer Trust Series 2019-2	Synthetic GIC Asset Fixed Income Investments	4.000	%	08/25/2058	1,164,579	par	(1)	1,110,123
	Shell Finance US Inc	Synthetic GIC Asset Fixed Income Investments	4.125	%	11/06/2030	920,000	par	(1)	920,713
	Sherwin-Williams Co/The	Synthetic GIC Asset Fixed Income Investments	4.500	%	08/15/2030	650,000	par	(1)	656,736
	Sherwin-Williams Co/The	Synthetic GIC Asset Fixed Income Investments	2.950	%	08/15/2029	1,000,000	par	(1)	958,715
	SLM Student Loan Trust 2003-10	Synthetic GIC Asset Fixed Income Investments	5.064	%	12/17/2068	1,801,794	par	(1)	1,794,277
	SMALL BUSINESS ADMINISTRATION	Synthetic GIC Asset Fixed Income Investments	2.130	%	01/01/2033	210,199	par	(1)	198,468
	Small Business Administration Participation Cert	Synthetic GIC Asset Fixed Income Investments	4.790	%	10/01/2050	1,500,000	par	(1)	1,513,982
	SMRT 2022-MINI	Synthetic GIC Asset Fixed Income Investments	4.751	%	01/15/2039	790,000	par	(1)	789,999
	Smurfit Kappa Treasury ULC	Synthetic GIC Asset Fixed Income Investments	5.200	%	01/15/2030	790,000	par	(1)	814,451
	South32 Treasury Ltd	Synthetic GIC Asset Fixed Income Investments	4.350	%	04/14/2032	2,980,000	par	(1)	2,889,441
	Spire Missouri Inc	Synthetic GIC Asset Fixed Income Investments	5.150	%	08/15/2034	150,000	par	(1)	153,978
	Stanford Health Care	Synthetic GIC Asset Fixed Income Investments	3.310	%	08/15/2030	1,351,000	par	(1)	1,306,918
	State of California	Synthetic GIC Asset Fixed Income Investments	5.750	%	10/01/2031	1,750,000	par	(1)	1,905,785
	State of Hawaii	Synthetic GIC Asset Fixed Income Investments	1.710	%	08/01/2028	2,475,000	par	(1)	2,352,067
	State of Texas	Synthetic GIC Asset Fixed Income Investments	4.631	%	04/01/2033	1,250,000	par	(1)	1,247,513
	State Street Corp	Synthetic GIC Asset Fixed Income Investments	4.421	%	05/13/2033	560,000	par	(1)	558,244
	Sumitomo Mitsui Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	3.040	%	07/16/2029	680,000	par	(1)	653,094
	Sumitomo Mitsui Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	5.716	%	09/14/2028	900,000	par	(1)	937,704
	Sumitomo Mitsui Financial Group Inc	Synthetic GIC Asset Fixed Income Investments	1.902	%	09/17/2028	2,780,000	par	(1)	2,626,964
	SWCH Commercial Mortgage Trust 2025-DATA	Synthetic GIC Asset Fixed Income Investments	5.193	%	02/15/2042	1,260,000	par	(1)	1,248,268
	Take-Two Interactive Software Inc	Synthetic GIC Asset Fixed Income Investments	3.700	%	04/14/2027	590,000	par	(1)	587,681
	Take-Two Interactive Software Inc	Synthetic GIC Asset Fixed Income Investments	5.400	%	06/12/2029	650,000	par	(1)	672,798
	Texas Electric Market Stabilization Funding N LLC	Synthetic GIC Asset Fixed Income Investments	4.265	%	08/01/2034	2,656,589	par	(1)	2,649,204
	Texas Natural Gas Securitization Finance Corp	Synthetic GIC Asset Fixed Income Investments	5.102	%	04/01/2035	3,558,557	par	(1)	3,653,036
	Texas Transportation Commission State Highway Fund	Synthetic GIC Asset Fixed Income Investments	5.178	%	04/01/2030	730,000	par	(1)	746,921
	T-Mobile USA Inc	Synthetic GIC Asset Fixed Income Investments	5.125	%	05/15/2032	940,000	par	(1)	968,603

50 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	T-Mobile USA Inc	Synthetic GIC Asset Fixed Income Investments	2.400	%	03/15/2029	1,110,000	par	(1)	1,051,950
	T-Mobile USA Inc	Synthetic GIC Asset Fixed Income Investments	4.800	%	07/15/2028	1,050,000	par	(1)	1,069,315
	T-Mobile USA Inc	Synthetic GIC Asset Fixed Income Investments	3.375	%	04/15/2029	1,430,000	par	(1)	1,394,730
	Toronto-Dominion Bank/The	Synthetic GIC Asset Fixed Income Investments	4.994	%	04/05/2029	930,000	par	(1)	953,993
	Toronto-Dominion Bank/The	Synthetic GIC Asset Fixed Income Investments	5.523	%	07/17/2028	670,000	par	(1)	694,415
	Towd Point Mortgage Trust 2017-6	Synthetic GIC Asset Fixed Income Investments	2.750	%	10/25/2057	17,613	par	(1)	17,384
	Towd Point Mortgage Trust 2019-4	Synthetic GIC Asset Fixed Income Investments	2.900	%	10/25/2059	1,934,190	par	(1)	1,866,184
	Towd Point Mortgage Trust 2019-HY1	Synthetic GIC Asset Fixed Income Investments	4.846	%	10/25/2048	260,451	par	(1)	260,704
	Towd Point Mortgage Trust 2019-HY2	Synthetic GIC Asset Fixed Income Investments	4.846	%	05/25/2058	275,635	par	(1)	280,661
	Towd Point Mortgage Trust 2022-4	Synthetic GIC Asset Fixed Income Investments	3.750	%	09/25/2062	2,111,501	par	(1)	2,036,101
	Toyota Auto Loan Extended Note Trust 2022-1	Synthetic GIC Asset Fixed Income Investments	3.820	%	04/25/2035	4,710,000	par	(1)	4,707,358
	Toyota Auto Loan Extended Note Trust 2023-1	Synthetic GIC Asset Fixed Income Investments	4.930	%	06/25/2036	4,060,000	par	(1)	4,154,951
	Toyota Auto Loan Extended Note Trust 2024-1	Synthetic GIC Asset Fixed Income Investments	5.160	%	11/25/2036	4,560,000	par	(1)	4,728,164
	Toyota Auto Loan Extended Note Trust 2025-1	Synthetic GIC Asset Fixed Income Investments	4.650	%	05/25/2038	3,310,000	par	(1)	3,378,994
	Toyota Motor Credit Corp	Synthetic GIC Asset Fixed Income Investments	4.550	%	08/09/2029	180,000	par	(1)	183,114
	Toyota Motor Credit Corp	Synthetic GIC Asset Fixed Income Investments	5.100	%	03/21/2031	440,000	par	(1)	457,494
	Transcontinental Gas Pipe Line Co LLC	Synthetic GIC Asset Fixed Income Investments	4.000	%	03/15/2028	720,000	par	(1)	719,613
	Transcontinental Gas Pipe Line Co LLC	Synthetic GIC Asset Fixed Income Investments	3.250	%	05/15/2030	1,205,000	par	(1)	1,155,430
	Trinity Health	Synthetic GIC Asset Fixed Income Investments	3.084	%	12/01/2034	2,235,000	par	(1)	2,045,092
	Truist Bank	Synthetic GIC Asset Fixed Income Investments	4.632	%	09/17/2029	1,200,000	par	(1)	1,203,718
	Truist Bank	Synthetic GIC Asset Fixed Income Investments	4.136	%	10/23/2029	1,205,000	par	(1)	1,204,532
	Truist Financial Corp	Synthetic GIC Asset Fixed Income Investments	5.071	%	05/20/2031	1,020,000	par	(1)	1,048,778
	Trustees of Dartmouth College	Synthetic GIC Asset Fixed Income Investments	4.273	%	06/01/2030	1,850,000	par	(1)	1,867,930
	Trustees of Princeton University/The	Synthetic GIC Asset Fixed Income Investments	4.647	%	07/01/2030	1,250,000	par	(1)	1,280,114
	UBS Commercial Mortgage Trust 2017-C3	Synthetic GIC Asset Fixed Income Investments	3.167	%	08/15/2050	1,455,000	par	(1)	1,440,580
	UBS Commercial Mortgage Trust 2018-C10	Synthetic GIC Asset Fixed Income Investments	4.313	%	05/15/2051	2,550,000	par	(1)	2,546,111
	UBS Group AG	Synthetic GIC Asset Fixed Income Investments	2.746	%	02/11/2033	510,000	par	(1)	457,983
	UBS Group AG	Synthetic GIC Asset Fixed Income Investments	1.364	%	01/30/2027	2,000,000	par	(1)	1,995,516
	UBS Group AG	Synthetic GIC Asset Fixed Income Investments	1.305	%	02/02/2027	410,000	par	(1)	408,756
	UBS Group AG	Synthetic GIC Asset Fixed Income Investments	3.869	%	01/12/2029	340,000	par	(1)	338,153
	UDR Inc	Synthetic GIC Asset Fixed Income Investments	3.500	%	01/15/2028	1,380,000	par	(1)	1,364,683
	Union Electric Co	Synthetic GIC Asset Fixed Income Investments	2.950	%	03/15/2030	2,760,000	par	(1)	2,632,311
	United States Int Dev Finance Corp	Synthetic GIC Asset Fixed Income Investments	3.600	%	03/15/2035	3,097,826	par	(1)	3,023,051
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	3.230	%	02/01/2034	304,903	par	(1)	296,275
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.180	%	07/01/2048	5,692,461	par	(1)	5,826,706
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.880	%	07/01/2035	354,885	par	(1)	337,306
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	4.910	%	01/01/2048	1,184,581	par	(1)	1,197,303
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.800	%	01/01/2037	727,729	par	(1)	686,662
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	3.150	%	07/01/2033	434,077	par	(1)	420,691
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.980	%	07/01/2037	571,714	par	(1)	541,132
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.720	%	01/01/2029	272,232	par	(1)	275,008

51 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.100	%	06/01/2050	2,728,319	par	(1)	2,763,198
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.680	%	06/01/2028	25,137	par	(1)	25,304
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	4.710	%	12/01/2047	1,913,968	par	(1)	1,919,783
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.600	%	09/01/2028	62,815	par	(1)	63,740
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	3.210	%	03/01/2034	281,179	par	(1)	272,791
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.040	%	10/01/2047	2,971,713	par	(1)	3,006,824
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.980	%	06/01/2035	462,326	par	(1)	438,734
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	4.480	%	04/01/2048	2,488,446	par	(1)	2,452,980
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.630	%	10/01/2028	72,593	par	(1)	73,756
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.540	%	09/01/2026	6,992	par	(1)	7,022
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.810	%	12/01/2036	258,715	par	(1)	244,342
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	6.770	%	11/01/2028	21,316	par	(1)	21,828
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.810	%	06/01/2037	1,452,935	par	(1)	1,371,869
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.780	%	12/01/2037	1,320,254	par	(1)	1,231,663
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.310	%	05/01/2027	25,186	par	(1)	25,192
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	3.800	%	08/01/2047	6,673,177	par	(1)	6,330,997
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.510	%	11/01/2027	35,470	par	(1)	35,771
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.120	%	05/01/2050	2,301,513	par	(1)	2,343,316
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.280	%	12/01/2048	2,782,194	par	(1)	2,856,101
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.130	%	11/01/2047	3,430,208	par	(1)	3,506,215
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	5.380	%	04/01/2049	2,905,414	par	(1)	2,999,114
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	3.370	%	10/01/2033	619,819	par	(1)	605,257
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.840	%	04/01/2037	1,290,415	par	(1)	1,212,656
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	2.850	%	10/01/2037	1,143,794	par	(1)	1,072,544
	United States Small Business Administration	Synthetic GIC Asset Fixed Income Investments	3.940	%	05/01/2047	6,623,721	par	(1)	6,317,354
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.625	%	12/31/2030	12,030,000	par	(1)	11,984,888
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.250	%	08/15/2035	44,560,000	par	(1)	44,977,750
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.500	%	11/15/2033	16,000,000	par	(1)	16,549,376
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.000	%	11/15/2035	6,055,000	par	(1)	5,981,208
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.875	%	04/30/2030	11,825,000	par	(1)	11,926,624
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.625	%	04/30/2031	5,895,000	par	(1)	6,142,543
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.375	%	05/15/2034	7,620,000	par	(1)	7,801,569
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.250	%	11/15/2034	5,060,000	par	(1)	5,123,447
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.250	%	05/15/2035	11,190,000	par	(1)	11,307,148
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.500	%	12/15/2028	6,000,000	par	(1)	5,995,314
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.500	%	11/30/2030	17,795,000	par	(1)	17,632,336
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.250	%	01/31/2030	1,820,000	par	(1)	1,861,733
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.875	%	07/31/2030	11,980,000	par	(1)	12,078,739
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.875	%	08/15/2033	5,355,000	par	(1)	5,319,646
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.000	%	02/15/2034	16,270,000	par	(1)	16,249,028
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.875	%	08/15/2034	1,295,000	par	(1)	1,277,547
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	4.625	%	02/15/2035	16,510,000	par	(1)	17,172,332
	United States Treasury Note/Bond	Synthetic GIC Asset Fixed Income Investments	3.500	%	02/15/2033	7,410,000	par	(1)	7,212,879
	UnitedHealth Group Inc	Synthetic GIC Asset Fixed Income Investments	4.700	%	04/15/2029	1,200,000	par	(1)	1,224,368
	University of North Carolina at Chapel Hill	Synthetic GIC Asset Fixed Income Investments	3.327	%	12/01/2036	500,000	par	(1)	461,920
	US Bancorp	Synthetic GIC Asset Fixed Income Investments	5.384	%	01/23/2030	1,470,000	par	(1)	1,523,429

52 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	US Bancorp	Synthetic GIC Asset Fixed Income Investments	5.850	%	10/21/2033	210,000	par	(1)	225,213
	US Bank NA/Cincinnati OH	Synthetic GIC Asset Fixed Income Investments	4.730	%	05/15/2028	1,250,000	par	(1)	1,262,860
	Utah Housing Corp	Synthetic GIC Asset Fixed Income Investments	6.000	%	07/01/2055	1,210,000	par	(1)	1,260,312
	Ventas Realty LP	Synthetic GIC Asset Fixed Income Investments	4.400	%	01/15/2029	1,370,000	par	(1)	1,376,453
	Verizon Communications Inc	Synthetic GIC Asset Fixed Income Investments	2.550	%	03/21/2031	1,300,000	par	(1)	1,188,923
	Verizon Communications Inc	Synthetic GIC Asset Fixed Income Investments	2.355	%	03/15/2032	1,603,000	par	(1)	1,414,771
	Verizon Communications Inc	Synthetic GIC Asset Fixed Income Investments	4.750	%	01/15/2033	1,155,000	par	(1)	1,156,376
	Verizon Master Trust	Synthetic GIC Asset Fixed Income Investments	5.160	%	06/20/2029	1,995,000	par	(1)	2,006,647
	Virginia Housing Development Authority 2016-A	Synthetic GIC Asset Fixed Income Investments	3.100	%	06/25/2041	214,627	par	(1)	191,439
	Virginia Power Fuel Securitization LLC	Synthetic GIC Asset Fixed Income Investments	4.877	%	05/01/2031	2,125,000	par	(1)	2,174,672
	Volkswagen Group of America Finance LLC	Synthetic GIC Asset Fixed Income Investments	5.650	%	09/12/2028	1,960,000	par	(1)	2,021,370
	Volkswagen Group of America Finance LLC	Synthetic GIC Asset Fixed Income Investments	4.350	%	06/08/2027	950,000	par	(1)	951,537
	Voya Global Funding	Synthetic GIC Asset Fixed Income Investments	4.600	%	11/24/2030	255,000	par	(1)	256,464
	Warnermedia Holdings Inc	Synthetic GIC Asset Fixed Income Investments	4.279	%	03/15/2032	2,108,000	par	(1)	1,850,445
	WEC Energy Group Inc	Synthetic GIC Asset Fixed Income Investments	2.200	%	12/15/2028	665,000	par	(1)	631,865
	WEC Energy Group Inc	Synthetic GIC Asset Fixed Income Investments	5.150	%	10/01/2027	755,000	par	(1)	769,981
*	Wells Fargo Commercial Mortgage Trust 2017-C38	Synthetic GIC Asset Fixed Income Investments	3.453	%	07/15/2050	2,350,000	par	(1)	2,325,363
*	Wells Fargo Commercial Mortgage Trust 2017-C39	Synthetic GIC Asset Fixed Income Investments	3.157	%	09/15/2050	2,270,000	par	(1)	2,233,569
*	Wells Fargo Commercial Mortgage Trust 2017-C40	Synthetic GIC Asset Fixed Income Investments	3.317	%	10/15/2050	3,065,000	par	(1)	3,027,426
*	Wells Fargo Commercial Mortgage Trust 2017-C42	Synthetic GIC Asset Fixed Income Investments	3.589	%	12/15/2050	1,870,000	par	(1)	1,845,322
*	Wells Fargo Commercial Mortgage Trust 2018-C43	Synthetic GIC Asset Fixed Income Investments	4.012	%	03/15/2051	2,820,000	par	(1)	2,807,874
	Welltower OP LLC	Synthetic GIC Asset Fixed Income Investments	2.050	%	01/15/2029	550,000	par	(1)	518,755
	Welltower OP LLC	Synthetic GIC Asset Fixed Income Investments	4.125	%	03/15/2029	2,191,000	par	(1)	2,196,335
	West Haymarket Joint Public Agency	Synthetic GIC Asset Fixed Income Investments	5.400	%	12/15/2030	1,250,000	par	(1)	1,295,938
	Weyerhaeuser Co	Synthetic GIC Asset Fixed Income Investments	4.000	%	04/15/2030	1,200,000	par	(1)	1,184,587
	Wheels Fleet Lease Funding 1 LLC	Synthetic GIC Asset Fixed Income Investments	5.800	%	04/18/2038	573,788	par	(1)	577,449
	Williams Cos Inc/The	Synthetic GIC Asset Fixed Income Investments	4.900	%	03/15/2029	290,000	par	(1)	296,232
	Williams Cos Inc/The	Synthetic GIC Asset Fixed Income Investments	5.650	%	03/15/2033	730,000	par	(1)	769,043
	Williams Cos Inc/The	Synthetic GIC Asset Fixed Income Investments	5.300	%	08/15/2028	940,000	par	(1)	968,006
	Wisconsin Power and Light Co	Synthetic GIC Asset Fixed Income Investments	5.375	%	03/30/2034	700,000	par	(1)	722,633

53 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2025

					Maturity
Identity of issuer, borrower, lessor, or similar party		Description of asset	Interest rate		date	Par value		Cost	Current value
	Wisconsin Power and Light Co	Synthetic GIC Asset Fixed Income Investments	3.950	%	09/01/2032	790,000	par	(1)	762,059
	WRKCO INC	Synthetic GIC Asset Fixed Income Investments	4.000	%	03/15/2028	1,115,000	par	(1)	1,112,544
	WRKCO INC	Synthetic GIC Asset Fixed Income Investments	3.900	%	06/01/2028	920,000	par	(1)	915,434
	Xcel Energy Inc	Synthetic GIC Asset Fixed Income Investments	1.750	%	03/15/2027	465,000	par	(1)	452,520
	Yale University	Synthetic GIC Asset Fixed Income Investments	1.482	%	04/15/2030	500,000	par	(1)	451,134
	Yale University	Synthetic GIC Asset Fixed Income Investments	4.701	%	04/15/2032	1,650,000	par	(1)	1,699,122
						Total Synthetic GIC Asset Fixed Income Investments			2,578,813,838
						Total Investments in Synthetic GIC Contracts			3,734,269,181

						Total Investments			63,681,342,017

*	Participant Loans	Loans to Participants	3.250%-11.500%		12/30/2045				683,052,198

						Total Assets Held for Investments			$	64,364,394,215

*	Represents a party-in-interest.
(1)	Cost information not required as investments are participant directed.
See accompanying report of independent registered public accounting firm.

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/ Daniela Nese

Daniela Nese

Managing Director

Head of Benefits and Recognition

Wells Fargo & Company

June 17, 2026

EXHIBITS

Exhibit No.

Description

Location

Consent of Independent Registered Public Accounting Firm

Filed herewith.

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104

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