11-K 1 wfc2022form11k-dolversion.htm FORM 11-K Document


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, 2022

OR

[ ]        Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934

For the transition period from ___________ to ____________.

Commission file number 001-02979
_______________________________________

A.Full title of the plan and the address of the plan, if different from that of the issuer named below:
Wells Fargo & Company 401(k) Plan
c/o Wells Fargo & Company
550 S. 4th Street
Minneapolis, MN 55415


B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Wells Fargo & Company
420 Montgomery Street
San Francisco, CA 94104

(a)The following financial statements and reports, which have been prepared pursuant to the requirements of the Employee Retirement Income Security Act of 1974, are filed as part of this Annual Report on Form 11-K:

Report of Independent Registered Public Accounting Firm

Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 2022 and 2021
Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2022
Notes to Financial Statements

Supplemental Schedule:

Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2022

(b)The following Exhibit is filed as part of this Annual Report on Form 11-K:

(23) Consent of Independent Registered Public Accounting Firm.









WELLS FARGO & COMPANY 401(k) PLAN
Financial Statements and Supplemental Schedule
December 31, 2022
(With Report of Independent Registered Public Accounting Firm Thereon)





Report of Independent Registered Public Accounting Firm
To the Plan Participants and Plan Administrator
Wells Fargo & Company 401(k) Plan:
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Wells Fargo & Company 401(k) Plan (the Plan) as of December 31, 2022 and 2021, the related statement of changes in net assets available for benefits for the year ended December 31, 2022, 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, 2022 and 2021, and the changes in net assets available for benefits for the year ended December 31, 2022, 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, 2022 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 21, 2023



WELLS FARGO & COMPANY 401(k) PLAN
Statements of Net Assets Available for Benefits
December 31, 2022 and 2021
  20222021
Assets:    
Investments at fair value:    
Allocated$40,063,655,128 50,216,693,009 
Unallocated462,655,357 702,202,258 
Investments at fair value40,526,310,485 50,918,895,267 
Investments at contract value4,871,188,511 4,670,206,905 
Total investments45,397,498,996 55,589,102,172 
Notes receivable from participants778,723,088 778,816,136 
Accrued income - unallocated317,310 4,914 
Total assets46,176,539,394 56,367,923,222 
Liabilities:  
ESOP notes payable – unallocated447,249,135 646,272,255 
Excess contributions and earnings payable 3,363 
Total liabilities447,249,135 646,275,618 
Net assets available for benefits$45,729,290,259 55,721,647,604 
See accompanying notes to financial statements.    
3


WELLS FARGO & COMPANY 401(k) PLAN
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2022
Investment income (loss):
Net depreciation in fair value of investments$(8,941,085,540)
Interest and dividends453,610,092 
Total investment loss(8,487,475,448)
Contributions:
Employer1,025,988,686 
Participants1,776,662,426 
Rollovers153,264,740 
Total contributions2,955,915,852 
Interest income from notes receivable from participants43,341,937 
Other income131,818,182 
Deductions to net assets attributed to:
Benefits paid to participants4,621,980,778 
ESOP interest expense11,934,703 
Administrative expense2,042,387 
Total deductions from plan assets4,635,957,868 
Net decrease(9,992,357,345)
Net assets available for benefits:
Beginning of year55,721,647,604 
End of year$45,729,290,259 
See accompanying notes to financial statements.


4


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022

(1)        Description of Plan
The following description of the Wells Fargo & Company 401(k) Plan (the “Plan”) provides only general information. Participants should refer to the Plan document, as amended, for a more complete description of the Plan’s provisions.
(a)       General 
The Plan is a defined contribution plan with a 401(k) feature sponsored by Wells Fargo & Company (the “Company”, "Wells Fargo" or “Plan Sponsor”). A portion of the Plan invested in Company stock is an Employee Stock Ownership Plan (ESOP). All subsidiaries of the Company with U.S.-based employees are participating employers in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, and the Internal Revenue Code (IRC), as amended. Employees, who satisfy the Plan’s eligibility requirements, become eligible to make salary deferral contributions on the first day of the month following one calendar month of service. Employees may be eligible to receive employer matching contributions, base contributions, and discretionary contributions, if awarded by the Human Resources Committee of the board of directors of the Company, after completion of one year of vesting service and satisfaction of other eligibility requirements.
Effective July 1, 2022, 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").
The Plan document requires that Company common stock be offered as an available investment option to participants through the Wells Fargo ESOP Fund. The Plan Sponsor's Employee Benefit Review Committee (the “Committee”) has discretion under the Plan to select additional investment alternatives to be offered to participants. Under the terms of a trust agreement, between the Company and Empower Trust Company, LLC (formerly known as Great-West Trust Company, LLC) (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.
GreatBanc Trust Company was the appointed Independent Fiduciary (the “Independent Fiduciary”) who acted as a named fiduciary for limited purposes in connection with the ESOP provisions of the Plan. GreatBanc Trust Company’s appointment as Independent Fiduciary ended on October 31, 2022, after all preferred stock was redeemed (see "Note 10").
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
An independent Fiduciary Agreement was entered into July 12, 2021 with Newport Trust Company ("Newport Trust") to serve as the trustee of a subaccount in the Trust used for the 2022 settlement with the United States Department of Labor (see "Note 8" and "Note 10").
The Plan is not considered a safe harbor plan under the IRC and is subject to annual nondiscrimination testing requirements.
(b)        Contributions and Vesting
Each year, eligible participants may make salary deferral contributions, subject to certain limitations, from 1% to 50% of their certified compensation, as defined in the Plan. 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 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 three components: matching contributions, base contributions, and discretionary contributions. To be eligible to receive these contributions, a participant must be employed on December 15 of the plan year, with certain exceptions. Effective January 1, 2022, the plan was amended to clarify that termination of employment due to retirement 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, base, and discretionary 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 employees hired prior to January 1, 2021 are 100% vested in their current and future matching contributions. The matching contributions are invested in the Wells Fargo ESOP Fund, which is primarily invested in the Company’s common stock, and participants can reallocate their Plan account balance, including matching contributions, at any time.
Base contributions are generally equal to the greater of 1% of an eligible participant's certified compensation for the plan year or $300. 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.
The Company may make a discretionary contribution to the Plan, which is allocated to eligible participants’ Plan accounts. If such a contribution is to be made for a particular year, the
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
Company will determine the percentage of certified compensation for the year to be contributed for each eligible participant (not to exceed 4% of eligible certified compensation for the plan year). To be eligible to receive this contribution for a plan year, the participant must have completed one year of vesting 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 $150,000. Discretionary contributions are subject to 3-year cliff vesting. Discretionary contributions are invested based on participant investment elections, or the Plan's qualified default investment alternative, if an election is not on file. For the year ended December 31, 2022, the Company did not make a discretionary contribution.
Plan participants may also elect to roll over distributions from a former employer’s qualified retirement plan or a qualified Individual Retirement Account to the Plan.
(c)        Participant Accounts
Each participant’s Plan account is credited with the participant’s salary deferral contributions, any rollover contributions, the Company’s matching contributions, base contributions, and any discretionary 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.
(d)        ESOP Plan Notes Payable
As an ESOP, the Plan may borrow money from the Company or directly from outside lenders for the purpose of purchasing the Company’s common stock. Through October 16, 2022, the Plan could purchase the Company's preferred stock. The Plan may also purchase the Company’s common stock from entities other than the Company or the Company may contribute Company common stock. There was no new ESOP loan issued in 2022 or 2021, as the Plan did not borrow money to buy Company common or preferred stock.
(e)        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 or as a partial lump sum distribution or as periodic installment payments. Effective January 1, 2022, Wells Fargo amended and restated the Plan to remove beneficiaries' 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
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
elect to receive shares of the Company’s common stock in-kind with the value of fractional shares paid in cash. If the participant’s balance is, or becomes less than $1,000, following termination, a distribution is made as a lump sum, unless the participant elects to roll over their account balance.
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 approximately $2,020,000 for the year ended December 31, 2022. The unallocated forfeiture account balance was $0 for both years ended December 31, 2022 and 2021.
(f)         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 five years. Principal residence loans are available only to finance the purchase or construction of the participant’s principal residence and may not exceed 20 years. Participants may have 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.
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. Loans may be repaid in full at any time. As of December 31, 2022 and 2021, interest rates ranged from 3.25% to 11.50% and loans mature through December 30, 2042.
(g)        ESOP
Prior to 2019, the Company made ESOP loans to the Plan so the Plan could purchase Company preferred stock using the proceeds of the ESOP loans. As the Plan made payments of principal on the loans, an appropriate percentage of preferred shares was released and converted to common stock. On October 17, 2022, the Company redeemed all outstanding shares of ESOP preferred stock in exchange for shares of the Company's common stock (see "Note 10"). Thereafter, as the Plan makes payments of principal on the loans, an appropriate percentage of common shares will be released for allocation to participant accounts. Common stock equal in value to the employer’s matching contribution is allocated to the participants’ accounts and invested in the Wells Fargo ESOP Fund.
    8    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
Participants in the Plan may elect to have cash dividends from Company common stock that is held in their account in the Wells Fargo ESOP Fund to be either reinvested in the Wells Fargo ESOP Fund or distributed to them in cash. The Plan may use the cash dividends received to purchase the shares needed to meet the reinvestment needs based on participants' dividend elections.
(h) Investment Options
Salary deferral contributions, base contributions, and any discretionary 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, which is the age-appropriate target date fund, if an election is not on file. Matching contributions are initially invested in the Wells Fargo ESOP Fund but may be reallocated to any other investment options offered within the Plan at any time at the election of the participant.

(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
All costs and expenses of administering the Plan and Trust are paid by the Company, except for certain investment management fees, which are netted against investment returns. 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
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
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 or (depreciation) includes gains and or 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)       Investments Valued at Contract Value
(i) Description
The Wells Fargo Stable Value Fund (the “Stable Value Fund”) primarily invests in security-backed contracts issued by insurance companies and other financial institutions. The security-backed contracts held in the Stable Value Fund guarantee a fixed return to its investors, resulting in it being considered a fully benefit responsive investment contract. An investment contract is considered fully benefit responsive if all of the following criteria are met: (1) the investment contract is between the fund and the issuer and the contract cannot be sold or assigned, (2) the contract issuer must be obligated to repay principal and interest to participants in the fund or provide prospective crediting rate adjustments that cannot result in an interest crediting rate less than zero, (3) all permitted participant-initiated transactions occur at contract value, without limitations, (4) an event that limits the ability of the participant to transact at contract value is not probable, and (5) the fund must allow participants reasonable access to their funds. The Stable Value Fund also invests in the Short Term Investment Fund A, which invests in highly liquid assets. The Stable Value Fund uses this investment for daily liquidity needs.
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
A security-backed contract is an investment contract (also known as a synthetic guaranteed investment contract (GIC) or a separate account GIC) issued by an insurance company or other financial institution, backed by a portfolio of bonds. The bond portfolio is either owned directly by the Stable Value Fund or owned by the contract issuer and segregated in a separate account for the benefit of the Stable Value Fund. The portfolio underlying the contract is maintained separately from the contract issuer’s general assets, usually by a third-party custodian. The issuer guarantees that all qualified participant withdrawals will be at contract value. In the case of a full liquidation event, the issuer is responsible for covering any amount by which the contract value exceeds the fair value of the underlying portfolio.
Risks arise when entering into any investment contract due to the potential inability of the issuer to meet the terms of the contract. In addition, security-backed contracts have the risk of default or the lack of liquidity of the underlying portfolio assets. The credit risk of each issuer is evaluated and monitored through the Plan’s investment advisor credit analysis. The credit analysis includes, but is not limited to, asset quality and liquidity, management quality, surplus adequacy, and profitability.
(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 contract rate resets periodically, normally each quarter or semi-annually, using end-of-period data. The underlying portfolio assets and the accrued interest receivable are shown by contract on the supplemental schedule of assets (held at end of year). The short‑term investment fund investment is carried at the reported unit value of the fund, as disclosed in the fund's audited financial statements.
(iii)  Withdrawal and Termination Provisions
All security-backed contracts held by the Stable Value Fund are fully benefit responsive, which means withdrawals from these investment contracts may be made at contract value for qualifying benefit payments, including participant‑directed transfers.
Security-backed contracts generally are evergreen contracts that contain termination provisions, allowing the Stable Value Fund or the contract issuer to terminate with notice, at any time at fair value, and providing for automatic termination of the contract if the contract value or the fair value of the underlying portfolio equals zero. The issuer is obligated to pay the excess contract value when the fair value of the underlying portfolio equals zero. Security-backed contracts are not assignable or transferable without consent of the issuer and have no publicly traded secondary market.
Security-backed contracts that permit the issuer to terminate at fair value generally provide that the Stable Value Fund may elect to convert such termination to an
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
amortization election as described below. In addition, if the Stable Value Fund defaults in its obligations under the contract (including the issuer’s determination that the agreement constitutes a nonexempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Stable Value Fund will receive the fair value as of the date of termination. Each contract recognizes certain “events of default” which can invalidate contracts’ coverage. Among these are investments outside of the range of investments which are permitted under the investment guidelines contained in the investment contract, fraudulent or other material misrepresentations made to the investment contract provider, changes of control of the investment adviser not approved by the contract issuer, changes in certain key regulatory requirements, or failure of the Plan to be tax qualified.
Generally, security-backed contracts permit the issuer or investment manager to elect at any time to convert the underlying portfolio to a declining duration strategy whereby the contract would terminate at a date that corresponds to the duration of the underlying portfolio on the date of the amortization election. After the effective date of an amortization election, the underlying portfolio must conform to the guidelines agreed upon by the contract issuer and the investment manager for the amortization election period. The guidelines are intended to result in the convergence of the contract value and the fair value of the underlying portfolio by the termination date.
Security‑backed contracts also generally provide for withdrawals associated with certain events, which are not in the ordinary course of Plan operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events, which may trigger a market value adjustment; however, such events may include, but not limited to, the following:
material amendments to the Plan’s structure or administration;
complete or partial termination of the Plan, including a merger with another plan;
the failure of the Plan to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA;
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
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
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 Contract Fees
The Stable Value Fund pays wrapper contract fees to the security-backed contract issuers to assure contract liquidity for plan participant‑directed withdrawals. Annual investment management fees in 2022 were $340,584 based on separate agreements for various types of instruments.
(g)        Risks and Uncertainties
The Plan may invest in various types of investment securities. Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.
(h)         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.
(i)        Payment of Benefits
Benefits are recorded when paid.

(3)        Wells Fargo ESOP Fund
Prior to October 17, 2022, the Company’s preferred shares held in the Wells Fargo ESOP Fund that were purchased with the proceeds of the ESOP loans from the Company represented leveraged shares. On October 17, 2022, the preferred shares were redeemed in exchange for shares of the Company's common stock which represent leveraged shares thereafter (see "Note 10"). These shares are held in an account called the “Unallocated Reserve.” The leveraged shares are released from the Unallocated Reserve as the ESOP loans are repaid. Previously, any leveraged preferred shares were converted into Company common stock for allocation to participants’ Plan accounts. The preferred shares were convertible into $1,000 worth of common shares based on the then current market price of the common stock. Any such shares of common stock (due to conversion), as well as any other shares of common stock, released from the Unallocated Reserve as the ESOP loans are repaid are used to provide all or part of the Company matching contributions credited to participants’ accounts.
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
Each participant is entitled to exercise voting rights attributable to the Company common stock allocated to his or her Plan account and is notified by the Trustee prior to the time that such rights are to be exercised. The Trustee will vote all shares of Company common stock held in the Wells Fargo ESOP Fund in proportion to “votes" cast by participants.
Participants may elect to have dividends on their vested accounts held in the Wells Fargo ESOP Fund paid to them in cash or have the dividends automatically reinvested in additional shares of Company common stock in the Wells Fargo ESOP Fund. The dividend will be automatically reinvested in the Plan if: (i) a participant makes no election, (ii) if the total vested dividend for a participant is less than $5, or (iii) the participant is deceased.
The Plan provided that dividends received on the Company’s preferred stock and common stock that was held in the Unallocated Reserve, and dividends attributable to the portion of the participants' employer contribution account that are reinvested in Company common stock, may be applied to make any required ESOP loan payments. Shares of Company common stock that were released due to the use of such dividends for ESOP loan payments were transferred to the Wells Fargo ESOP Fund, first to replace the value of any Company common dividends so used, and then as matching contributions. To the extent that such dividends were not sufficient to make required ESOP loan payments, employer contributions were applied to make the required payments.


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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
(4)        Shares and Investments Not Directed by Participants
Information about the net assets and significant components of the changes in net assets relating to nonparticipant directed investments as of December 31, 2022 and 2021 and for the year ended December 31, 2022 is presented in the following tables and also discussed in Note 8.
20222021
UnallocatedUnallocated
Assets:
Company common stock$426,511,249 — 
Company convertible preferred stock 699,820,363 
Mutual funds36,144,108 — 
Total investments462,655,357 699,820,363 
Accrued income317,310 566 
Total assets462,972,667 699,820,929 
Liabilities:
Notes payable447,249,135 646,272,255 
Total liabilities447,249,135 646,272,255 
Net assets available for benefits$15,723,532 53,548,674 
Company convertible preferred shares:
Number of shares 609,434 
Cost$ 646,272,223 
Company common stock shares:
Number of shares10,329,650 — 
Cost$429,196,904 — 
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WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
2022
Unallocated
Employer matching contributions$169,911,975 
Net depreciation(85,795,446)
Dividend income41,993,701 
Other income131,818,182 
Change in unclaimed property3,974,639 
Transfer to allocated ESOP(92,650,642)
Benefits paid to participants(7,629,681)
Notes payable interest expense(11,934,703)
Preferred stock redeemed(617,890,717)
Common stock issued to ESOP617,890,717 
Release of common stock - 4,541,370 shares(187,513,167)
Decrease in net assets(37,825,142)
Net assets:
Beginning of year53,548,674 
End of year$15,723,532 


    16    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022

(5)        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.
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, 2022 and 2021.
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 collective investment funds 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 collective investment funds that are valued at NAV. The NAV is based upon the value of the underlying investments which are traded on an active market.
Investments in the Stable Value Fund’s collective investment funds that are not an underlying investment of a fully benefit responsive contract are valued at NAV as described above.
Investments in the Company’s common stock are valued at quoted market price.
Investments in the Company’s convertible preferred stock, held before October 17, 2022, were valued at an appraised value by an independent pricing service (see "Note 10"). The independent pricing service modeled the expected cash flows with the contractual dividends and the Company’s common shares equal to $1,000 upon conversion of a preferred share. The independent pricing service then discounted the cash flows back to the present value by the appropriate discount rate which was determined by analyzing a variety of market yields, including yields on preferred securities and bonds issued by the Company and institutions similar to the Company.
The allocated portion of the Wells Fargo ESOP Fund is structured as a unitized account that holds Wells Fargo common stock that are valued at quoted market prices and a percentage of money
    17    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
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, 2022 and 2021, respectively:
December 31, 2022
Level 1Level 2Level 3Total
Cash$1,431,750   1,431,750 
Collective investment funds 20,990,882,646  20,990,882,646 
Mutual funds1,009,439,186   1,009,439,186 
Multi-manager funds:
Collective investment
    funds
 7,419,289,804  7,419,289,804 
Mutual funds2,175,017,657   2,175,017,657 
Total multi-
    manager funds
2,175,017,657 7,419,289,804  9,594,307,461 
Stable Value Fund
Collective investment
    funds
 173,035,668  173,035,668 
Company common stock8,757,213,774   8,757,213,774 
Total investments
    at fair value
$11,943,102,367 28,583,208,118  40,526,310,485 
    18    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
December 31, 2021
Level 1Level 2Level 3Total
Cash$— — — — 
Collective investment funds— 26,017,676,784 — 26,017,676,784 
Mutual funds971,000,822 — — 971,000,822 
Multi-manager funds:
Collective investment funds— 9,899,698,954 — 9,899,698,954 
Mutual funds3,514,653,738 — — 3,514,653,738 
Total multi-manager funds3,514,653,738 9,899,698,954 — 13,414,352,692 
Stable Value Fund
Collective investment funds— 212,268,459 — 212,268,459 
Company common stock9,603,776,147 — — 9,603,776,147 
Company convertible
    preferred stock
— — 699,820,363 699,820,363 
Total investments
    at fair value
$14,089,430,707 36,129,644,197 699,820,363 50,918,895,267 

There were no transfers between the fair value levels in 2022. 
Level 3 Gains and Losses
The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets:
Company
convertible
preferred
stock
Balance, December 31, 2021$699,820,363 
Realized losses(81,929,646)
Redemptions(617,890,717)
Balance, December 31, 2022$ 

    19    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
Level 3 Significant Unobservable Inputs
The following table provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of those Level 3 assets measured at fair value for which the Plan uses an internal model.
Significant
Fair valueValuationunobservableRange ofWeighted
Level 3techniquesinputsinputsaverage (1)
December 31, 2021:
Convertible preferred stock$699,820,363 DiscountedDiscount
cash flowrate2.55%-3.36%3.14 %
(1) Weighted averages are calculated using outstanding shares at the end of the year.

(6)        Concentration of Investments
At December 31, 2022 and 2021, the Plan owned approximately 3.87% and 3.65%, respectively, of the issued common stock of the Company. The Plan’s investment in shares of the Company’s common and preferred stock aggregate 21.61% and 18.54% of total investments at fair value as of December 31, 2022 and December 31, 2021, respectively. The quoted market price of the Company’s common stock was $41.29 and $47.98 as of December 31, 2022 and 2021, respectively.

(7)        Related Party Transactions and Party-in-Interest
The Plan may engage 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. 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. 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.
The Plan allows participants to invest in Company common stock within the Wells Fargo ESOP Fund.

(8) 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.
    20    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
These Proceeds are deposited into a Plan level interest-bearing account and are included as unallocated investments 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.
The Plan recorded Other Income of $131,818,182 for the DOL settlement payment received from the Company on September 21, 2022 (see "Note 10").

(9)     Tax Status
The Internal Revenue Service (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 believe that the Plan is qualified, and the related Trust is tax-exempt.
Accounting principles generally accepted in the United States of America require the Plan Administrator to evaluate tax positions taken by the Plan and recognize a tax liability, if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

(10)    Regulatory Matters
Federal government agencies, including the United States Department of Labor (Department of Labor), have undertaken reviews of certain transactions associated with the ESOP feature of the Plan, including the manner in which the 401(k) plan purchased certain securities used in connection with the Company’s contributions to the 401(k) plan. On September 12, 2022, the Company entered into an agreement to resolve the Department of Labor’s review. On September 21, 2022, the Company made a settlement payment of $131,818,182 to the Newport Trust for the Plan. In December 2022, settlement payments plus accrued interest, in the amount of $92,650,642 were allocated to current plan participants with existing Plan accounts and distribution payments of $7,729,274 were made to former employees with a distribution balance less than $200. As of December 31, 2022, the benefits payable for the settlement payments to former employees with a distribution balance greater than $200 was $31,646,259. As part of the settlement, on October 17, 2022, Wells Fargo exercised its redemption rights and redeemed all the remaining Preferred Stock in the Plan in exchange for Common Stock. Following the redemption, Preferred Stock dividends will no longer occur and then be used as a source of payment on any remaining outstanding ESOP loans (see “Note 3”).
    21    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
By a letter dated August 25th, 2020, the Plan Sponsor received written notice from the IRS that the Plan was selected for examination of the Plan year ended December 31, 2018. The IRS requested certain Plan information and documents that the Plan Sponsor has provided.

(11)    Notes Payable
Notes payable as of December 31 were:
20222021
1.30% 2013 ESOP Note, due December 2022$ 28,523,120 
1.50% 2014 ESOP Note, due December 202328,475,380 67,975,380 
1.48% 2015 ESOP Note, due December 202446,153,845 74,153,845 
1.70% 2016 ESOP Note, due December 2025101,420,680 139,420,680 
1.90% 2017 ESOP Note, due December 2026109,594,455 139,594,455 
2.25% 2018 ESOP Note, due December 2027161,604,775 196,604,775 
$447,249,135 646,272,255 
Maturities of notes payable calculated based on the contractual agreements are as follows:
Year ending December 31:
2023$30,109,485 
2024147,094,500 
2025127,421,400 
202684,335,850 
202758,287,900 
$447,249,135 
The notes represent exempt ESOP loans to the Plan from the Company. Principal and interest payments are made according to the applicable loan schedules. Company contributions are used to repay the loans. The notes may be repaid in installments through March 31, 2027, with the last payment due December 31, 2027. The estimated fair value of the notes as of December 31, 2022 and 2021 was approximately $403 million and $644 million, respectively, utilizing a discounted cash flow valuation technique and interest rates currently available for issuance of debt with similar terms and remaining maturities. Discount rates consisted of a benchmark rate component and a credit risk component. The fair value would be considered a Level 3 liability as defined in Note 5.

(12)    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.

    22    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
(13)  Legal Actions
The following class actions lawsuits have been brought on behalf of Plan participants and beneficiaries:
a)Plaintiff Yvonne Becker filed a putative class action Complaint against Wells Fargo, Wells Fargo Bank, National Association, Galliard Capital Management, Inc., the Employee Benefits Review Committee, the Human Resources Committee of the Board of Directors of Wells Fargo & Company (“HRC”) and individual members Ronald L. Sargent, Wayne M. Hewett, Donald M. James, and Maria R. Morris on March 13, 2020 in the U.S. District Court for the Northern District of California. Plaintiff is a former employee of Wells Fargo and a participant in the Plan. Plaintiff purported to bring this action on behalf of “all participants and beneficiaries in the Plan from March 13, 2014 through the date of judgment.” Plaintiff alleged that several investment options in the Plan charged excessive fees, underperformed comparable to investment alternatives, and paid fees to Wells Fargo.
On the basis of these allegations, Plaintiff asserted four claims for breach of ERISA’s fiduciary duties and violation of ERISA’s prohibited transaction rules.
On May 8, 2020, the Court so ordered the parties’ stipulation in which Plaintiff voluntarily dismissed the HRC and individual members Ronald L. Sargent, Wayne M. Hewett, Donald M. James, and Maria R. Morris from the action.
On May 8, 2020, Defendants filed a motion to transfer venue to the District of Minnesota. On September 21, 2020, the U.S. District Court for the Northern District of California granted Defendants' motion to transfer the case to the U.S. District Court for the District of Minnesota pursuant to the Plan's forum selection clause. Plaintiff appealed that order (via petition for mandamus) and, on April 1, 2021, the Ninth Circuit denied Becker's petition.
On May 12, 2021, the Court issued an opinion denying Defendants' motion to dismiss the Class Action Complaint.
On August 19, 2021, the Court granted the Parties joining stipulation to dismiss Galliard Capital Management, Inc. from the action.
On September 28, 2021. Plaintiff filed an amended complaint adding four additional named plaintiffs.
The parties agreed to a class action settlement of $32.5 million. On April 1, 2022, Plaintiffs filed with the Court a motion for preliminary approval of a class action settlement, and on April 25, 2022, the Court granted Plaintiffs’ motion for preliminary approval of the class action settlement. The Court issued its order granting final approval of the class action settlement and dismissed the action on August 31, 2022. The effective date of the settlement was October 3, 2022.The settlement funds were distributed by a settlement administrator which was hired by the Plaintiffs' counsel, to current participants on February 7, 2023, through the Plan, and the
    23    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
settlement administrator began distributions to former participants on or about February 7, 2023.
b)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 “ERISA” and violated other provisions of ERISA in connection with certain employee stock ownership plan loan transactions.
On September 26, 2022 participants in the Plan filed a putative class action in the United States District Court for the District of Minnesota alleging the Company violated ERISA in connection with certain of these 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.
Defendants’ deadline to answer or otherwise respond to complaint is extended to 42 days after the close of jurisdictional discovery, which is on-going as of the financial statement issuance.

(14)  Subsequent Events
The Plan has evaluated subsequent events from December 31, 2022 through June 21, 2023, 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.
Effective January 1, 2023, Wells Fargo amended and restated the Plan to remove the employer discretionary contribution and the $300 minimum for the employer base contribution.

    24    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2022
(15)   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, 2022 and 2021 to net assets per the Form 5500:
20222021
Net assets available for benefits per the financial statements$45,729,290,259 55,721,647,604 
Adjustment from contract value to fair value for fully
    benefit responsive investment contracts
(341,574,732)86,959,845 
Deemed loan distributions(69,348,054)(41,987,668)
Benefits payable(32,555,970)— 
Net assets per the Form 5500$45,285,811,503 55,766,619,781 
The following is a reconciliation of decreases in net assets available for benefits per the financial statements for the year ended December 31, 2022, to the net loss per the Form 5500:
Decrease in net assets available for benefits per the financial statements$(9,992,357,345)
Change in the adjustment from contract value to fair value for fully benefit
    responsive investment contracts at December 31, 2022
(428,534,577)
Change in deemed loan distributions(27,360,386)
Change in benefits payable(32,555,970)
Net loss per the Form 5500$(10,480,808,278)
25


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
*Participant loansParticipant loans,
Interest rates ranging from 3.25% to
11.50%, maturing at various dates
through December 30, 2042(1)$709,375,034 
State Street Cons Target Ret 2015 NL PCollective Investment Fund(1)102,098,203 
State Street Cons Target Ret 2020 NL PCollective Investment Fund(1)339,007,009 
State Street Cons Target Ret 2025 NL PCollective Investment Fund(1)1,071,270,068 
State Street Cons Target Ret 2030 NL PCollective Investment Fund(1)1,061,298,940 
State Street Cons Target Ret 2035 NL PCollective Investment Fund(1)909,048,159 
State Street Cons Target Ret 2040 NL PCollective Investment Fund(1)1,047,256,597 
State Street Cons Target Ret 2045 NL PCollective Investment Fund(1)748,307,287 
State Street Cons Target Ret 2050 NL PCollective Investment Fund(1)1,065,211,699 
State Street Cons Target Ret 2055 NL PCollective Investment Fund(1)433,032,064 
State Street Cons Target Ret 2060 NL PCollective Investment Fund(1)181,232,411 
State Street Cons Target Ret 2065 NL PCollective Investment Fund(1)36,390,914 
State Street Cons Target Ret Income NL PCollective Investment Fund(1)138,999,874 
State Street International Index MCollective Investment Fund(1)767,967,790 
State Street Russell Sm Cap Index NL CL KCollective Investment Fund(1)773,594,399 
State Street S&P Mid Cap Index NL CL MCollective Investment Fund(1)2,150,382,949 
State Street NASDAQ 100 Index NL CL MCollective Investment Fund(1)2,870,679,330 
State Street S&P 500 Index K NLCollective Investment Fund(1)5,214,884,651 
State Street U.S. Bond Index NL MCollective Investment Fund(1)1,483,307,797 
State Street Emerging Mkts Index ACollective Investment Fund(1)167,268,673 
BlackRock MSCI ACWI ESG Focus Index FCollective Investment Fund(1)429,643,832 
20,990,882,646 
BlackRock Liquidity Treasury InstlMutual Fund(1)886,184,206 
886,184,206 
SEI Daily Income Fund CL F - unallocatedMutual Fund32,169,469 32,169,469 
32,169,469 
Large Cap Value FundMulti-Manager Fund
MFS Large Cap Value CL 5Collective Investment Fund(1)1,059,993,815 
T Rowe Price Equity Income TR FCollective Investment Fund(1)1,059,994,441 
Dodge & Cox Stock Class XMutual Fund(1)1,092,115,502 
3,212,103,758 
Large Cap Growth FundMulti-Manager Fund
Los Angeles Capital Large Cap Growth ACollective Investment Fund(1)516,846,513 
T Rowe Price Blue Chip Growth Trust T7Collective Investment Fund(1)516,859,188 
Polen Focus Growth CITCollective Investment Fund(1)516,854,540 
Brown Advisory Sustainable GrowthCollective Investment Fund(1)516,847,576 
Jennison Large Cap GrowthCollective Investment Fund(1)516,858,806 
2,584,266,623 
Small Cap FundMulti-Manager Fund
State Street Russell Sm Cap Index NL CL KCollective Investment Fund(1)525,528,164 
Wellington Select Small Cap GrowthCollective Investment Fund(1)255,038,117 
Wellington Small Cap ValueCollective Investment Fund(1)255,564,273 
Peregrine Small Cap ValueCollective Investment Fund(1)255,033,724 
*Allspring Emerging Growth CIT E4Collective Investment Fund(1)255,037,875 
1,546,202,153 
International Equity FundMulti-Manager Fund
Causeway International Value Equity FCollective Investment Fund(1)295,570,186 
Sprucegrove International FCollective Investment Fund(1)295,574,510 
American EuroPacific Growth R6Mutual Fund(1)591,151,905 
1,182,296,601 
Emerging Markets Equity FundMulti-Manager Fund
Acadian Emerging Markets Equity FundCollective Investment Fund(1)213,302,060 
Lazard Emerging Markets Equity CCollective Investment Fund(1)152,353,779 
Baillie Gifford Emerging Markets EQS KMutual Fund(1)152,356,593 
DFA Emerging Markets Small CapMutual Fund(1)91,416,469 
609,428,901 
     26    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Diversified Real Asset FundMulti-Manager Fund
Principal Diversified Real Asset IIICollective Investment Fund(1)$159,024,141 
State Street Real Assets NL ACollective Investment Fund(1)53,008,096 
212,032,237 
Global Bond FundMulti-Manager Fund
Franklin Global Opportunities Bond ISMutual Fund(1)99,028,384 
PIMCO Global Advantage Strategy BDMutual Fund(1)99,434,337 
Federated Hermes Total Return Bond ISMutual Fund(1)49,514,467 
247,977,188 
*Wells Fargo Stable Value Fund
Security-backed contracts:
American General Life Ins. Co.2.25%(1)— 
Massachusetts Mutual Life Ins. Co.2.40%(1)— 
Nationwide Life Ins. Co.2.45%(1)— 
Pacific Life Ins. Co.2.54%(1)— 
Prudential Ins. Co. of America2.58%(1)— 
Royal Bank of Canada2.29%(1)— 
State Street Bank and Trust Co.2.46%(1)— 
Transamerica Life Ins. Co.2.48%(1)— 
Voya Ret. Ins. and Annuity Co.2.33%(1)— 
Galliard SA Intermediate Core Fund C12,421,561 units(1)346,335,490 
Total346,335,490 
American General Life Ins. Co.2.25%(1)— 
Massachusetts Mutual Life Ins. Co.2.40%(1)— 
Nationwide Life Ins. Co.2.45%(1)— 
Pacific Life Ins. Co.2.54%(1)— 
Prudential Ins. Co. of America2.58%(1)— 
Royal Bank of Canada2.29%(1)— 
State Street Bank and Trust Co.2.46%(1)— 
Transamerica Life Ins. Co.2.48%(1)— 
Voya Ret. Ins. and Annuity Co.2.33%(1)— 
Galliard SA Intermediate Core Fund Q30,797,624 units(1)344,461,365 
Total344,461,365 
Metropolitan Life Ins. Co., 2.08%
Separate Account No. 771(1)337,774,345 
Separate Account No. 690(1)285,318,296 
Total623,092,641 
American General Life Ins. Co.2.25%(1)— 
Massachusetts Mutual Life Ins. Co.2.40%(1)— 
Nationwide Life Ins. Co.2.45%(1)— 
Pacific Life Ins. Co.2.54%(1)— 
Prudential Ins. Co. of America2.58%(1)— 
Royal Bank of Canada2.29%(1)— 
State Street Bank and Trust Co.2.46%(1)— 
Transamerica Life Ins. Co.2.48%(1)— 
Voya Ret. Ins. and Annuity Co.2.33%(1)— 
GM Financial Consumer Automobile Rec Trust 2022-22.520%, $2,891,672 par, due 5/16/2025 (1)2,859,817 
7-Eleven Inc0.625%, $430,000 par, due 2/10/2023 (1)427,796 
7-Eleven Inc0.800%, $1,070,000 par, due 2/10/2024 (1)1,018,098 
Abay Leasing 2014 LLC2.654%, $635,097 par, due 11/9/2026 (1)604,579 
AbbVie Inc3.600%, $468,000 par, due 5/14/2025 (1)453,924 
Access Group Inc 2013-14.516%, $671,754 par, due 2/25/2036 (1)657,185 
Air Liquide Finance SA2.500%, $1,375,000 par, due 9/27/2026 (1)1,268,425 
Albemarle Corp4.650%, $1,430,000 par, due 6/1/2027 (1)1,396,988 
Alexandria Real Estate Equities Inc3.450%, $2,000,000 par, due 4/30/2025 (1)1,935,630 
Alliant Energy Finance LLC3.750%, $166,000 par, due 6/15/2023 (1)164,847 
Ally Auto Receivables Trust 2019-31.930%, $56,986 par, due 5/15/2024 (1)56,917 
Ally Auto Receivables Trust 2022-24.760%, $3,415,000 par, due 5/17/2027 (1)3,407,668 
Ally Auto Receivables Trust 2022-35.070%, $2,690,000 par, due 4/15/2027 (1)2,702,697 
Ameren Illinois Co3.250%, $3,055,000 par, due 3/1/2025 (1)2,954,225 
American Express Co3.950%, $5,800,000 par, due 8/1/2025 (1)5,686,430 
American Honda Finance Corp3.450%, $274,000 par, due 7/14/2023 (1)271,923 
AmeriCredit Automobile Receivables Trust 2021-20.340%, $1,995,000 par, due 12/18/2026 (1)1,942,140 
     27    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
AmeriCredit Automobile Receivables Trust 2021-30.760%, $1,850,000 par, due 8/18/2026 (1)$1,765,612 
AmEx Credit Acct Mstr Tr3.750%, $4,860,000 par, due 8/15/2027 (1)4,754,864 
Amphenol Corp3.200%, $58,000 par, due 4/1/2024 (1)56,724 
Amphenol Corp2.050%, $1,295,000 par, due 3/1/2025 (1)1,218,161 
Anglo American Capital PLC3.625%, $1,200,000 par, due 9/11/2024 (1)1,161,530 
ARI Fleet Lease Trust 2021-A0.370%, $2,112,840 par, due 3/15/2030 (1)2,075,289 
Astrazeneca Finance LLC0.700%, $1,460,000 par, due 5/28/2024 (1)1,376,574 
AT&T Inc1.650%, $1,400,000 par, due 2/1/2028 (1)1,184,453 
AT&T Inc5.915%, $1,680,000 par, due 6/12/2024 (1)1,692,005 
AT&T Inc2.300%, $560,000 par, due 6/1/2027 (1)499,037 
AT&T Inc0.900%, $1,980,000 par, due 3/25/2024 (1)1,880,838 
Atmos Energy Corp0.625%, $2,100,000 par, due 3/9/2023 (1)2,084,552 
AvalonBay Communities Inc3.500%, $380,000 par, due 11/15/2024 (1)369,958 
BA Credit Card Trust5.000%, $2,725,000 par, due 4/17/2028 (1)2,753,768 
BA Credit Card Trust0.340%, $2,630,000 par, due 5/15/2026 (1)2,516,347 
BAE Systems Holdings Inc3.850%, $700,000 par, due 12/15/2025 (1)675,508 
BAE Systems Holdings Inc3.800%, $1,850,000 par, due 10/7/2024 (1)1,807,300 
BAKER HUGHES LLC/CO-OBL1.231%, $1,275,000 par, due 12/15/2023 (1)1,231,375 
Bank of America Corp5.285%, $960,000 par, due 7/23/2024 (1)960,105 
Bank of America Corp1.530%, $5,900,000 par, due 12/6/2025 (1)5,445,016 
Bank of America Corp3.384%, $940,000 par, due 4/2/2026 (1)898,442 
Bank of America Corp3.458%, $1,400,000 par, due 3/15/2025 (1)1,364,224 
Bank of America Corp4.376%, $700,000 par, due 4/27/2028 (1)670,391 
Bank of America Corp3.864%, $567,000 par, due 7/23/2024 (1)561,868 
Bank of America Corp4.827%, $1,900,000 par, due 7/22/2026 (1)1,877,419 
Bank of America Corp0.810%, $3,500,000 par, due 10/24/2024 (1)3,359,255 
Bank of America Corp0.976%, $1,810,000 par, due 4/22/2025 (1)1,697,574 
Bank of Montreal4.250%, $1,550,000 par, due 9/14/2024 (1)1,530,045 
Bank of Montreal3.700%, $620,000 par, due 6/7/2025 (1)602,091 
Bank of Montreal1.250%, $920,000 par, due 9/15/2026 (1)804,922 
Bank of Montreal0.625%, $2,980,000 par, due 7/9/2024 (1)2,786,079 
Bank of Montreal1.500%, $700,000 par, due 1/10/2025 (1)652,715 
Bank of New York Mellon Corp/The4.414%, $3,370,000 par, due 7/24/2026 (1)3,321,337 
Bank of New York Mellon/The5.224%, $1,900,000 par, due 11/21/2025 (1)1,905,166 
Bank of Nova Scotia/The3.400%, $20,000 par, due 2/11/2024 (1)19,675 
Bank of Nova Scotia/The2.951%, $640,000 par, due 3/11/2027 (1)590,199 
Bank of Nova Scotia/The1.300%, $1,090,000 par, due 9/15/2026 (1)953,348 
Bank of Nova Scotia/The0.650%, $2,460,000 par, due 7/31/2024 (1)2,294,356 
Bank of Nova Scotia/The0.400%, $430,000 par, due 9/15/2023 (1)416,246 
Bank of Nova Scotia/The3.450%, $1,000,000 par, due 4/11/2025 (1)963,069 
Baxter International Inc1.322%, $4,080,000 par, due 11/29/2024 (1)3,799,431 
Bayer US Finance II LLC5.779%, $860,000 par, due 12/15/2023 (1)858,060 
Bayer US Finance II LLC4.250%, $860,000 par, due 12/15/2025 (1)834,178 
Bayer US Finance II LLC3.875%, $454,000 par, due 12/15/2023 (1)447,402 
Bayer US Finance LLC3.375%, $735,000 par, due 10/8/2024 (1)710,573 
Bell Telephone Co of Canada or Bell Canada/The0.750%, $1,890,000 par, due 3/17/2024 (1)1,791,986 
Bergen County Improvement Authority/The4.000%, $2,900,000 par, due 8/1/2024 (1)2,874,335 
Black Hills Corp4.250%, $850,000 par, due 11/30/2023 (1)845,167 
Black Hills Corp1.037%, $2,500,000 par, due 8/23/2024 (1)2,332,525 
Black Hills Corp3.950%, $2,360,000 par, due 1/15/2026 (1)2,265,010 
BMW US Capital LLC3.450%, $390,000 par, due 4/1/2027 (1)368,640 
BMW Vehicle Lease Trust 2022-11.100%, $6,100,000 par, due 3/25/2025 (1)5,901,384 
BNP Paribas SA4.705%, $1,307,000 par, due 1/10/2025 (1)1,294,291 
BNP Paribas SA2.819%, $2,645,000 par, due 11/19/2025 (1)2,506,809 
BOCA Commercial Mortgage Trust 2022-BOCA6.105%, $1,400,000 par, due 5/15/2039 (1)1,371,754 
Boeing Co/The4.875%, $2,405,000 par, due 5/1/2025 (1)2,382,867 
Boeing Co/The2.196%, $380,000 par, due 2/4/2026 (1)345,629 
Boston Properties LP3.200%, $960,000 par, due 1/15/2025 (1)918,813 
Boston Properties LP3.125%, $635,000 par, due 9/1/2023 (1)625,057 
Boston Properties LP3.800%, $624,000 par, due 2/1/2024 (1)613,017 
BPCE SA1.625%, $2,020,000 par, due 1/14/2025 (1)1,881,244 
BPCE SA4.750%, $770,000 par, due 7/19/2027 (1)749,851 
BPR Trust 2022-OANA6.234%, $4,715,000 par, due 4/15/2037 (1)4,601,826 
Bristol-Myers Squibb Co0.537%, $2,470,000 par, due 11/13/2023 (1)2,379,477 
BX Commercial Mortgage Trust 2019-XL5.370%, $4,056,834 par, due 10/15/2036 (1)4,006,817 
BX Commercial Mortgage Trust 2021-VOLT5.018%, $1,635,000 par, due 9/15/2036 (1)1,574,948 
     28    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
BX Commercial Mortgage Trust 2022-PSB6.787%, $4,848,901 par, due 8/15/2039 (1)$4,839,359 
BX Commercial Mortgage Trust BX 2022-CSMO A6.450%, $3,135,000 par, due 6/15/2027 (1)3,111,437 
BX Trust 2022-GPA6.501%, $4,115,000 par, due 10/15/2039 (1)4,089,232 
Byron Center Public Schools2.546%, $750,000 par, due 5/1/2024 (1)730,538 
Canadian Natural Resources Ltd3.850%, $740,000 par, due 6/1/2027 (1)698,561 
Canadian Pacific Railway Co1.350%, $2,420,000 par, due 12/2/2024 (1)2,257,398 
Capital One Financial Corp2.636%, $1,210,000 par, due 3/3/2026 (1)1,134,143 
Capital One Financial Corp4.927%, $990,000 par, due 5/10/2028 (1)958,728 
Capital One Financial Corp1.343%, $2,790,000 par, due 12/6/2024 (1)2,671,682 
Capital One Financial Corp4.250%, $700,000 par, due 4/30/2025 (1)686,879 
Capital One Prime Auto Receivables Trust 2019-21.920%, $182,006 par, due 5/15/2024 (1)181,664 
Capital One Prime Auto Receivables Trust 2021-10.770%, $3,605,000 par, due 9/15/2026 (1)3,391,973 
Capital One Prime Auto Receivables Trust 2022-23.660%, $4,425,000 par, due 5/17/2027 (1)4,325,168 
Cargill Inc4.875%, $1,435,000 par, due 10/10/2025 (1)1,430,242 
Cargill Inc3.625%, $380,000 par, due 4/22/2027 (1)363,609 
Cargill Inc3.500%, $1,780,000 par, due 4/22/2025 (1)1,722,520 
Carmax Auto Owner Trust 2019-42.020%, $1,109,611 par, due 11/15/2024 (1)1,099,533 
Carmax Auto Owner Trust 2021-10.340%, $3,190,883 par, due 12/15/2025 (1)3,084,541 
CarMax Auto Owner Trust 2021-20.520%, $3,958,907 par, due 2/17/2026 (1)3,809,688 
CarMax Auto Owner Trust 2022-11.470%, $4,420,000 par, due 12/15/2026 (1)4,193,435 
CarMax Auto Owner Trust 2022-23.490%, $3,135,000 par, due 2/16/2027 (1)3,049,035 
Carrier Global Corp2.242%, $1,655,000 par, due 2/15/2025 (1)1,560,258 
CenterPoint Energy Resources Corp0.700%, $1,960,000 par, due 3/2/2023 (1)1,945,863 
CES MU2 LLC2.166%, $2,461,842 par, due 12/16/2026 (1)2,312,349 
Charles Schwab Corp/The3.625%, $730,000 par, due 4/1/2025 (1)711,170 
Chase Auto Owner Trust 2022-A3.980%, $5,090,000 par, due 6/25/2027 (1)4,992,272 
Chesapeake Funding II LLC1.950%, $149,590 par, due 9/15/2031 (1)149,500 
Chesapeake Funding II LLC0.870%, $1,782,907 par, due 8/15/2032 (1)1,758,092 
Chesapeake Funding II LLC0.470%, $2,620,438 par, due 4/15/2033 (1)2,579,064 
Cigna Corp3.750%, $62,000 par, due 7/15/2023 (1)61,589 
Citigroup Commercial Mortgage Trust 2014-GC193.552%, $405,330 par, due 3/11/2047 (1)400,700 
Citigroup Commercial Mortgage Trust 2015-GC273.137%, $5,060,000 par, due 2/10/2048 (1)4,811,842 
Citigroup Commercial Mortgage Trust 2015-GC292.935%, $1,975,998 par, due 4/10/2048 (1)1,868,789 
Citigroup Commercial Mortgage Trust 2016-C13.209%, $4,237,000 par, due 5/10/2049 (1)3,944,172 
Citigroup Commercial Mortgage Trust 2016-P63.458%, $2,616,086 par, due 12/10/2049 (1)2,452,651 
Citigroup Inc4.658%, $450,000 par, due 5/24/2028 (1)436,014 
Citigroup Inc3.290%, $1,390,000 par, due 3/17/2026 (1)1,323,632 
Citigroup Inc4.044%, $430,000 par, due 6/1/2024 (1)427,183 
Citigroup Inc4.140%, $230,000 par, due 5/24/2025 (1)225,523 
Citigroup Inc5.610%, $440,000 par, due 9/29/2026 (1)441,212 
Citigroup Inc3.106%, $710,000 par, due 4/8/2026 (1)671,390 
Citigroup Inc2.014%, $3,920,000 par, due 1/25/2026 (1)3,635,381 
Citigroup Inc3.070%, $720,000 par, due 2/24/2028 (1)650,020 
Citigroup Inc1.281%, $860,000 par, due 11/3/2025 (1)792,828 
Citigroup Inc5.784%, $480,000 par, due 6/1/2024 (1)480,526 
Citigroup Inc3.352%, $331,000 par, due 4/24/2025 (1)320,705 
Citigroup Inc0.981%, $1,550,000 par, due 5/1/2025 (1)1,450,805 
Citigroup Inc0.776%, $1,020,000 par, due 10/30/2024 (1)977,541 
Citizens Bank NA/Providence RI4.119%, $1,270,000 par, due 5/23/2025 (1)1,243,180 
Citizens Bank NA/Providence RI2.250%, $1,045,000 par, due 4/28/2025 (1)974,179 
City of Tampa FL Water & Wastewater System Revenue0.827%, $1,855,000 par, due 10/1/2025 (1)1,676,586 
CNH Equipment Trust 2021-C0.810%, $3,690,000 par, due 12/15/2026 (1)3,438,973 
CNH Equipment Trust 2022-B3.890%, $4,195,000 par, due 8/16/2027 (1)4,056,125 
CNH Industrial Capital LLC5.450%, $570,000 par, due 10/14/2025 (1)571,749 
CNH Industrial Capital LLC3.950%, $1,090,000 par, due 5/23/2025 (1)1,058,141 
COLGATE UNIVERSITY2.180%, $1,000,000 par, due 7/1/2023 (1)988,920 
College Loan Corp Trust I5.108%, $5,945,000 par, due 4/25/2046 (1)5,759,879 
Comcast Corp3.950%, $1,543,000 par, due 10/15/2025 (1)1,512,424 
Comerica Inc3.700%, $326,000 par, due 7/31/2023 (1)323,595 
Comm 2013-CCRE13 Mortgage Trust4.194%, $810,000 par, due 11/10/2046 (1)795,792 
COMM 2013-CCRE7 Mortgage Trust3.213%, $260,196 par, due 3/10/2046 (1)258,463 
COMM 2014-CCRE19 Mortgage Trust3.499%, $1,041,377 par, due 8/10/2047 (1)1,019,792 
COMM 2014-CR14 Mortgage Trust3.743%, $562,035 par, due 2/10/2047 (1)557,413 
COMM 2015-3BP Mortgage Trust3.178%, $2,490,000 par, due 2/10/2035 (1)2,302,695 
COMM 2015-DC1 Mortgage Trust3.078%, $1,530,000 par, due 2/10/2048 (1)1,471,225 
COMM 2016-COR1 Mortgage Trust2.826%, $3,507,877 par, due 10/10/2049 (1)3,242,401 
     29    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
CommonSpirit Health2.760%, $415,000 par, due 10/1/2024 (1)$398,085 
Commonwealth of Massachusetts4.110%, $4,205,000 par, due 7/15/2031 (1)4,059,801 
Connecticut Light and Power Co/The0.750%, $1,390,000 par, due 12/1/2025 (1)1,244,719 
ConocoPhillips Co2.125%, $570,000 par, due 3/8/2024 (1)550,915 
ConocoPhillips Co2.400%, $1,860,000 par, due 3/7/2025 (1)1,767,971 
Cooperatieve Rabobank UA2.625%, $2,005,000 par, due 7/22/2024 (1)1,923,890 
Cooperatieve Rabobank UA3.649%, $2,580,000 par, due 4/6/2028 (1)2,380,427 
County of Spokane WA2.096%, $1,135,000 par, due 12/1/2024 (1)1,081,644 
Credit Suisse AG/New York NY3.700%, $330,000 par, due 2/21/2025 (1)304,498 
Credit Suisse Group AG4.207%, $420,000 par, due 6/12/2024 (1)409,545 
Credit Suisse Group AG5.975%, $790,000 par, due 6/12/2024 (1)748,130 
CRH America Inc3.875%, $2,080,000 par, due 5/18/2025 (1)2,007,980 
CSAIL 2015-C4 Commercial Mortgage Trust3.808%, $2,505,000 par, due 11/15/2048 (1)2,387,268 
CubeSmart LP4.000%, $730,000 par, due 11/15/2025 (1)701,607 
CVS Health Corp2.875%, $800,000 par, due 6/1/2026 (1)747,713 
Daimler Trucks Finance North America LLC1.125%, $3,030,000 par, due 12/14/2023 (1)2,910,721 
Daimler Trucks Finance North America LLC1.625%, $1,530,000 par, due 12/13/2024 (1)1,420,643 
DBJPM 2016-C3 Mortgage Trust2.632%, $3,555,000 par, due 8/10/2049 (1)3,246,518 
Dell Equipment Finance Trust 2020-20.570%, $819,786 par, due 10/23/2023 (1)811,839 
Dell Equipment Finance Trust 2021-10.430%, $4,778,000 par, due 5/22/2026 (1)4,687,739 
Dell Equipment Finance Trust 2022-24.140%, $3,510,000 par, due 7/22/2027 (1)3,437,045 
Discover Card Execution Note Trust5.030%, $2,535,000 par, due 10/15/2027 (1)2,562,340 
DLLAA 2021-1 LLC0.670%, $5,750,000 par, due 4/17/2026 (1)5,415,425 
DLLAD 2021-1 LLC0.640%, $4,500,000 par, due 9/21/2026 (1)4,189,761 
DLLMT 2021-1 LLC1.000%, $3,210,000 par, due 7/21/2025 (1)3,047,141 
Donlen Fleet Lease Funding 2 LLC0.560%, $1,767,928 par, due 12/11/2034 (1)1,708,413 
DTE Electric Co3.375%, $1,470,000 par, due 3/1/2025 (1)1,426,341 
DTE Energy Co4.220%, $1,650,000 par, due 11/1/2024 (1)1,622,561 
Duke Energy Carolinas LLC2.500%, $337,000 par, due 3/15/2023 (1)336,098 
DuPont de Nemours Inc4.493%, $965,000 par, due 11/15/2025 (1)949,797 
DuPont de Nemours Inc5.716%, $940,000 par, due 11/15/2023 (1)943,998 
East Ohio Gas Co/The1.300%, $1,515,000 par, due 6/15/2025 (1)1,374,113 
Ecolab Inc0.900%, $595,000 par, due 12/15/2023 (1)572,534 
EdLinc Student Loan Funding Trust 2012-15.389%, $265,485 par, due 9/25/2030 (1)265,015 
Edsouth Indenture No 2 LLC5.539%, $19,413 par, due 9/25/2040 (1)19,397 
Edsouth Indenture No 3 LLC5.119%, $200,014 par, due 4/25/2039 (1)197,617 
Edsouth Indenture No 4 LLC4.959%, $197,117 par, due 2/26/2029 (1)190,897 
Edu Fund of South5.008%, $272,054 par, due 4/25/2035 (1)270,689 
Edu Fund of South5.094%, $225,727 par, due 3/25/2036 (1)224,088 
EMD Finance LLC3.250%, $720,000 par, due 3/19/2025 (1)690,478 
Emory University1.566%, $780,000 par, due 9/1/2025 (1)714,958 
Enbridge Inc2.150%, $920,000 par, due 2/16/2024 (1)888,023 
Enbridge Inc2.500%, $720,000 par, due 2/14/2025 (1)679,838 
Entergy Arkansas LLC3.050%, $796,000 par, due 6/1/2023 (1)789,948 
Entergy Louisiana LLC0.620%, $889,000 par, due 11/17/2023 (1)855,861 
Entergy Louisiana LLC0.950%, $1,620,000 par, due 10/1/2024 (1)1,508,677 
Enterprise Fleet Financing 2019-2 LLC2.290%, $63,024 par, due 2/20/2025 (1)62,941 
Enterprise Fleet Financing 2019-3 LLC2.060%, $72,564 par, due 5/20/2025 (1)72,426 
Enterprise Fleet Financing 2020-1 LLC1.780%, $395,454 par, due 12/22/2025 (1)393,656 
Enterprise Fleet Financing 2021-2 LLC0.480%, $3,288,988 par, due 5/20/2027 (1)3,134,656 
Enterprise Fleet Financing 2021-3 LLC0.770%, $3,521,306 par, due 8/20/2027 (1)3,361,780 
Enterprise Fleet Financing 2022-3 LLC4.380%, $2,715,000 par, due 7/20/2029 (1)2,655,286 
Enterprise Fleet Financing 2022-4 LLC5.760%, $1,765,000 par, due 10/22/2029 (1)1,774,009 
Enterprise Fleet Financing LLC3.030%, $7,473,971 par, due 1/20/2028 (1)7,274,685 
Enterprise Fleet Funding 2021-1 LLC0.440%, $1,387,136 par, due 12/21/2026 (1)1,343,981 
Enterprise Products Operating LLC3.750%, $1,495,000 par, due 2/15/2025 (1)1,454,587 
Equifax Inc3.950%, $45,000 par, due 6/15/2023 (1)44,743 
Equinor ASA1.750%, $220,000 par, due 1/22/2026 (1)201,282 
Equinor ASA2.875%, $1,375,000 par, due 4/6/2025 (1)1,318,499 
ERP Operating LP3.375%, $1,300,000 par, due 6/1/2025 (1)1,249,747 
Ethiopian Leasing 2012 LLC2.566%, $2,299,084 par, due 8/14/2026 (1)2,155,697 
Evergy Kansas Central Inc2.550%, $1,630,000 par, due 7/1/2026 (1)1,503,188 
Evergy Kansas Central Inc3.100%, $1,600,000 par, due 4/1/2027 (1)1,485,574 
Evergy Metro Inc3.650%, $1,100,000 par, due 8/15/2025 (1)1,069,342 
EXIM Bank of the United States1.732%, $87,830 par, due 9/18/2024 (1)85,125 
EXIM Bank of the United States1.900%, $2,877,886 par, due 7/12/2024 (1)2,808,446 
     30    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
EXIM Bank of the United States1.732%, $211,176 par, due 9/18/2024 (1)$204,612 
Extended Stay America Trust 2021-ESH5.398%, $1,547,265 par, due 7/15/2038 (1)1,502,625 
Fannie Mae Grantor Trust 2004-T26.000%, $337,060 par, due 11/25/2043 (1)340,955 
Fannie Mae or Freddie Mac3.500%, $21,285,000 par, due 1/1/2031 (1)20,377,897 
Fannie Mae Pool3.000%, $1,796,232 par, due 4/1/2031 (1)1,716,490 
Fannie Mae Pool5.500%, $32,815 par, due 2/1/2036 (1)32,302 
Fannie Mae Pool3.749%, $66,076 par, due 8/1/2033 (1)67,092 
Fannie Mae Pool2.500%, $565,268 par, due 12/1/2026 (1)542,161 
Fannie Mae Pool5.000%, $1,459,781 par, due 8/1/2056 (1)1,485,349 
Fannie Mae Pool3.077%, $1,437,993 par, due 8/1/2049 (1)1,384,152 
Fannie Mae Pool3.840%, $138,612 par, due 8/1/2044 (1)140,077 
Fannie Mae Pool2.000%, $5,957 par, due 4/1/2023 (1)5,924 
Fannie Mae Pool4.000%, $654,965 par, due 2/1/2034 (1)642,201 
Fannie Mae Pool2.000%, $69,111 par, due 9/1/2023 (1)68,387 
Fannie Mae Pool3.987%, $61,311 par, due 3/1/2034 (1)62,196 
Fannie Mae Pool3.696%, $153,110 par, due 8/1/2033 (1)155,503 
Fannie Mae Pool5.500%, $4,530 par, due 1/1/2036 (1)4,476 
Fannie Mae Pool2.000%, $8,036 par, due 5/1/2023 (1)7,982 
Fannie Mae Pool3.850%, $54,841 par, due 10/1/2044 (1)54,737 
Fannie Mae Pool3.000%, $144,412 par, due 2/1/2031 (1)138,640 
Fannie Mae Pool2.868%, $281,700 par, due 7/1/2047 (1)274,463 
Fannie Mae Pool2.500%, $19,246 par, due 10/1/2023 (1)19,046 
Fannie Mae Pool3.000%, $228,499 par, due 2/1/2031 (1)218,362 
Fannie Mae Pool4.644%, $34,234 par, due 5/1/2034 (1)34,481 
Fannie Mae Pool5.500%, $200,001 par, due 9/1/2036 (1)206,361 
Fannie Mae Pool2.000%, $12,369 par, due 6/1/2023 (1)12,271 
Fannie Mae Pool3.560%, $67,292 par, due 8/1/2035 (1)66,268 
Fannie Mae Pool3.000%, $90,045 par, due 5/1/2031 (1)86,222 
Fannie Mae Pool2.714%, $1,093,020 par, due 9/1/2047 (1)1,058,089 
Fannie Mae Pool3.831%, $229,566 par, due 10/1/2032 (1)225,534 
Fannie Mae Pool4.000%, $88,577 par, due 10/1/2041 (1)87,218 
Fannie Mae Pool3.843%, $44,721 par, due 8/1/2034 (1)45,461 
Fannie Mae Pool2.466%, $293,790 par, due 4/1/2045 (1)294,059 
Fannie Mae Pool2.000%, $39,280 par, due 8/1/2023 (1)38,869 
Fannie Mae Pool3.000%, $199,900 par, due 5/1/2038 (1)199,621 
Fannie Mae Pool2.500%, $161,342 par, due 10/1/2024 (1)157,736 
Fannie Mae Pool2.950%, $356,286 par, due 2/1/2048 (1)346,446 
Fannie Mae Pool3.960%, $94,851 par, due 7/1/2033 (1)94,024 
Fannie Mae Pool2.448%, $154,561 par, due 4/1/2045 (1)154,605 
Fannie Mae Pool5.000%, $255,004 par, due 6/1/2035 (1)260,631 
Fannie Mae Pool3.200%, $1,237,477 par, due 9/1/2027 (1)1,171,192 
Fannie Mae Pool2.500%, $2,019,084 par, due 11/1/2027 (1)1,927,313 
Fannie Mae Pool2.190%, $13,844 par, due 2/1/2041 (1)13,551 
Fannie Mae Pool2.119%, $474,543 par, due 11/1/2032 (1)456,804 
Fannie Mae Pool3.289%, $684,784 par, due 5/1/2048 (1)668,521 
Fannie Mae Pool4.080%, $43,483 par, due 11/1/2041 (1)42,797 
Fannie Mae Pool3.456%, $161,413 par, due 11/1/2048 (1)157,571 
Fannie Mae Pool3.000%, $421,701 par, due 7/1/2034 (1)396,093 
Fannie Mae Pool4.000%, $433,880 par, due 2/1/2034 (1)425,413 
Fannie Mae Pool3.786%, $372,475 par, due 6/1/2033 (1)372,270 
Fannie Mae Pool3.000%, $1,430,286 par, due 7/1/2034 (1)1,343,451 
Fannie Mae Pool3.728%, $98,555 par, due 12/1/2033 (1)97,324 
Fannie Mae Pool3.035%, $911,132 par, due 8/1/2049 (1)876,910 
Fannie Mae Pool3.850%, $10,628 par, due 9/1/2044 (1)10,711 
Fannie Mae Pool2.631%, $759,563 par, due 12/1/2049 (1)721,170 
Fannie Mae Pool3.382%, $100,753 par, due 5/1/2037 (1)98,611 
Fannie Mae Pool3.840%, $131,340 par, due 8/1/2044 (1)132,716 
Fannie Mae Pool3.656%, $218,995 par, due 10/1/2033 (1)216,588 
Fannie Mae Pool2.500%, $408,945 par, due 8/1/2027 (1)390,976 
Fannie Mae Pool4.331%, $620,038 par, due 6/1/2034 (1)621,518 
Fannie Mae Pool2.841%, $393,258 par, due 11/1/2049 (1)375,427 
Fannie Mae Pool4.494%, $297,459 par, due 8/1/2045 (1)303,239 
Fannie Mae Pool4.543%, $2,604,626 par, due 8/1/2052 (1)2,565,520 
Fannie Mae Pool3.724%, $247,808 par, due 5/1/2036 (1)242,173 
Fannie Mae Pool2.284%, $405,643 par, due 10/1/2046 (1)405,886 
Fannie Mae Pool2.009%, $195,553 par, due 2/1/2045 (1)194,050 
     31    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Fannie Mae Pool3.763%, $29,978 par, due 6/1/2045 (1)$30,375 
Fannie Mae Pool3.840%, $153,280 par, due 8/1/2044 (1)155,062 
Fannie Mae Pool2.740%, $911,109 par, due 12/1/2049 (1)866,180 
Fannie Mae Pool2.698%, $2,766,514 par, due 1/1/2050 (1)2,628,595 
Fannie Mae Pool4.832%, $2,851,065 par, due 12/1/2052 (1)2,834,625 
Fannie Mae Pool2.735%, $1,717,402 par, due 1/1/2050 (1)1,633,184 
Fannie Mae Pool2.969%, $466,199 par, due 7/1/2047 (1)454,150 
Fannie Mae Pool3.085%, $454,666 par, due 6/1/2047 (1)453,745 
Fannie Mae Pool3.864%, $72,137 par, due 7/1/2045 (1)73,129 
Fannie Mae Pool3.850%, $34,378 par, due 8/1/2045 (1)34,684 
Fannie Mae Pool2.587%, $4,006,675 par, due 6/1/2052 (1)3,693,818 
Fannie Mae Pool6.043%, $47,198 par, due 12/1/2045 (1)48,122 
Fannie Mae Pool4.500%, $292,422 par, due 8/1/2045 (1)298,289 
Fannie Mae Pool3.630%, $2,315,929 par, due 7/1/2052 (1)2,213,069 
Fannie Mae Pool2.922%, $380,546 par, due 5/1/2047 (1)373,746 
Fannie Mae Pool5.500%, $110,335 par, due 4/1/2033 (1)113,526 
Fannie Mae Pool2.335%, $812,519 par, due 11/1/2046 (1)812,192 
Fannie Mae Pool3.041%, $308,969 par, due 6/1/2047 (1)308,029 
Fannie Mae Pool3.000%, $967,657 par, due 8/1/2027 (1)933,274 
Fannie Mae Pool6.000%, $18,010 par, due 2/1/2033 (1)18,600 
Fannie Mae Pool3.000%, $392,230 par, due 2/1/2027 (1)379,836 
Fannie Mae Pool2.486%, $3,974,622 par, due 6/1/2052 (1)3,648,170 
Fannie Mae Pool2.241%, $26,485 par, due 3/1/2042 (1)26,281 
Fannie Mae Pool3.002%, $702,724 par, due 6/1/2047 (1)687,686 
Fannie Mae Pool3.830%, $294,008 par, due 8/1/2044 (1)296,824 
Fannie Mae Pool4.571%, $3,778,615 par, due 10/1/2052 (1)3,722,786 
Fannie Mae Pool3.120%, $945,000 par, due 1/1/2024 (1)924,496 
Fannie Mae Pool2.726%, $841,305 par, due 11/1/2047 (1)810,485 
Fannie Mae Pool5.764%, $427,190 par, due 11/1/2045 (1)438,477 
Fannie Mae Pool2.759%, $2,127,557 par, due 11/1/2049 (1)2,026,845 
Fannie Mae Pool2.828%, $594,980 par, due 11/1/2049 (1)567,542 
Fannie Mae Pool2.785%, $377,269 par, due 12/1/2049 (1)359,332 
Fannie Mae Pool4.103%, $3,519,266 par, due 8/1/2052 (1)3,416,035 
Fannie Mae Pool3.482%, $4,929,097 par, due 9/1/2052 (1)4,686,728 
Fannie Mae REMIC Trust 2002-W125.066%, $3,471 par, due 2/25/2033 (1)3,266 
Fannie Mae REMIC Trust 2003-W117.022%, $19,993 par, due 7/25/2033 (1)19,792 
Fannie Mae REMIC Trust 2004-W117.000%, $395,667 par, due 5/25/2044 (1)398,381 
Fannie Mae REMICS5.500%, $839,329 par, due 4/25/2035 (1)851,709 
Fannie Mae REMICS5.500%, $938,394 par, due 4/25/2035 (1)952,678 
Fannie Mae REMICS2.500%, $23,597 par, due 3/25/2037 (1)21,937 
Fannie Mae Trust 2003-W66.500%, $121,102 par, due 9/25/2042 (1)123,832 
Fannie Mae Trust 2004-W17.000%, $263,105 par, due 12/25/2033 (1)276,289 
Federal Realty Investment Trust1.250%, $810,000 par, due 2/15/2026 (1)714,351 
Federal Realty Investment Trust2.750%, $518,000 par, due 6/1/2023 (1)512,220 
Federal Realty Investment Trust3.950%, $300,000 par, due 1/15/2024 (1)296,178 
Federation des Caisses Desjardin du Quebec0.450%, $3,635,000 par, due 10/7/2023 (1)3,508,415 
Fidelity National Information Services Inc4.500%, $840,000 par, due 7/15/2025 (1)824,328 
Fifth Third Bancorp1.625%, $440,000 par, due 5/5/2023 (1)435,134 
Fifth Third Bancorp4.055%, $300,000 par, due 4/25/2028 (1)284,851 
Fifth Third Bank NA3.850%, $1,300,000 par, due 3/15/2026 (1)1,240,580 
Fiserv Inc3.850%, $1,400,000 par, due 6/1/2025 (1)1,358,925 
Fiserv Inc3.800%, $450,000 par, due 10/1/2023 (1)445,185 
Fiserv Inc2.750%, $1,690,000 par, due 7/1/2024 (1)1,627,747 
Florida Gas Transmission Co LLC4.350%, $600,000 par, due 7/15/2025 (1)583,526 
FMC Corp3.200%, $900,000 par, due 10/1/2026 (1)837,085 
FMC Corp4.100%, $750,000 par, due 2/1/2024 (1)739,699 
Ford Credit Auto Lease Trust 2022-A3.230%, $3,545,000 par, due 5/15/2025 (1)3,475,217 
Ford Credit Auto Owner Trust 2018-REV13.190%, $6,425,000 par, due 7/15/2031 (1)6,140,668 
Ford Credit Auto Owner Trust 2018-REV23.470%, $761,000 par, due 1/15/2030 (1)750,652 
Ford Credit Auto Owner Trust 2019-REV13.520%, $2,330,000 par, due 7/15/2030 (1)2,284,467 
Ford Credit Auto Owner Trust 2021-A0.300%, $3,153,563 par, due 8/15/2025 (1)3,063,295 
Ford Credit Auto Owner Trust 2022-A1.290%, $2,070,000 par, due 6/15/2026 (1)1,968,591 
Ford Credit Auto Owner Trust 2022-C4.480%, $6,710,000 par, due 12/15/2026 (1)6,653,978 
Ford Credit Auto Owner Trust 2022-REV13.880%, $1,625,000 par, due 11/15/2034 (1)1,560,047 
Fortune Brands Innovations Inc4.000%, $757,000 par, due 9/21/2023 (1)751,544 
Freddie Mac Gold Pool3.000%, $149,251 par, due 10/1/2026 (1)144,787 
     32    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Freddie Mac Gold Pool6.000%, $473,134 par, due 8/1/2038 (1)$495,579 
Freddie Mac Gold Pool6.000%, $1,009,192 par, due 8/1/2038 (1)1,056,783 
Freddie Mac Gold Pool3.000%, $664,742 par, due 8/1/2027 (1)631,070 
Freddie Mac Gold Pool2.500%, $11,408 par, due 7/1/2023 (1)11,328 
Freddie Mac Gold Pool5.500%, $88,348 par, due 12/1/2033 (1)89,003 
Freddie Mac Multifam Struct PT Cert3.171%, $164,400 par, due 1/25/2046 (1)163,412 
Freddie Mac Multifam Struct PT Cert2.615%, $11,470,000 par, due 1/25/2023 (1)11,435,384 
Freddie Mac Non Gold Pool4.144%, $2,385,952 par, due 9/1/2052 (1)2,313,646 
Freddie Mac Non Gold Pool2.977%, $66,924 par, due 7/1/2047 (1)65,052 
Freddie Mac Non Gold Pool3.050%, $198,867 par, due 5/1/2045 (1)199,243 
Freddie Mac Non Gold Pool2.561%, $240,983 par, due 10/1/2047 (1)230,918 
Freddie Mac Non Gold Pool4.000%, $176,642 par, due 9/1/2042 (1)178,016 
Freddie Mac Non Gold Pool2.377%, $459,341 par, due 10/1/2046 (1)457,030 
Freddie Mac Non Gold Pool2.414%, $66,137 par, due 11/1/2046 (1)65,579 
Freddie Mac Non Gold Pool3.890%, $166,760 par, due 8/1/2043 (1)167,604 
Freddie Mac Non Gold Pool4.312%, $3,162,859 par, due 10/1/2052 (1)3,080,792 
Freddie Mac Non Gold Pool3.021%, $106,095 par, due 8/1/2047 (1)102,751 
Freddie Mac Non Gold Pool3.240%, $1,105,278 par, due 7/1/2049 (1)1,066,441 
Freddie Mac Non Gold Pool3.870%, $90,704 par, due 9/1/2045 (1)90,503 
Freddie Mac Non Gold Pool3.664%, $210,794 par, due 12/1/2044 (1)210,270 
Freddie Mac Non Gold Pool2.219%, $658,190 par, due 1/1/2047 (1)646,677 
Freddie Mac Non Gold Pool2.166%, $24,465 par, due 2/1/2042 (1)24,273 
Freddie Mac Non Gold Pool1.872%, $146,019 par, due 1/1/2045 (1)145,153 
Freddie Mac Non Gold Pool3.880%, $97,106 par, due 10/1/2045 (1)97,012 
Freddie Mac Non Gold Pool2.077%, $248,908 par, due 2/1/2046 (1)246,032 
Freddie Mac Non Gold Pool5.876%, $1,782,046 par, due 11/1/2045 (1)1,816,921 
Freddie Mac Non Gold Pool3.804%, $82,616 par, due 8/1/2045 (1)82,590 
Freddie Mac Non Gold Pool3.627%, $5,731,107 par, due 8/1/2052 (1)5,456,994 
Freddie Mac Non Gold Pool3.521%, $383,522 par, due 5/1/2048 (1)374,685 
Freddie Mac Non Gold Pool3.542%, $31,808 par, due 6/1/2045 (1)31,986 
Freddie Mac Non Gold Pool3.892%, $842,637 par, due 7/1/2045 (1)849,348 
Freddie Mac Non Gold Pool2.956%, $270,498 par, due 11/1/2047 (1)262,299 
Freddie Mac Non Gold Pool2.261%, $77,082 par, due 10/1/2046 (1)76,469 
Freddie Mac Non Gold Pool4.012%, $4,513,170 par, due 8/1/2052 (1)4,353,381 
Freddie Mac Non Gold Pool2.445%, $1,112,842 par, due 10/1/2046 (1)1,106,732 
Freddie Mac Non Gold Pool4.040%, $7,556,261 par, due 9/1/2052 (1)7,296,325 
Freddie Mac Non Gold Pool2.766%, $134,473 par, due 5/1/2047 (1)131,546 
Freddie Mac Non Gold Pool2.870%, $698,569 par, due 6/1/2047 (1)679,231 
Freddie Mac Non Gold Pool5.140%, $43,324 par, due 6/1/2036 (1)42,762 
Freddie Mac Non Gold Pool3.419%, $124,725 par, due 5/1/2042 (1)122,953 
Freddie Mac Non Gold Pool3.716%, $43,843 par, due 7/1/2042 (1)43,792 
Freddie Mac Non Gold Pool4.202%, $899,574 par, due 8/1/2045 (1)908,959 
Freddie Mac Non Gold Pool3.175%, $356,366 par, due 4/1/2038 (1)361,758 
Freddie Mac Non Gold Pool4.863%, $3,881,978 par, due 12/1/2052 (1)3,852,327 
Freddie Mac Non Gold Pool3.476%, $3,824,725 par, due 7/1/2052 (1)3,622,757 
Freddie Mac Non Gold Pool2.991%, $145,058 par, due 12/1/2042 (1)149,517 
Freddie Mac Non Gold Pool3.120%, $37,373 par, due 5/1/2038 (1)37,249 
Freddie Mac Non Gold Pool3.733%, $11,408 par, due 6/1/2042 (1)11,427 
Freddie Mac Non Gold Pool4.000%, $15,827 par, due 8/1/2042 (1)15,608 
Freddie Mac Non Gold Pool4.145%, $233,614 par, due 9/1/2037 (1)238,242 
Freddie Mac Non Gold Pool5.625%, $273,489 par, due 11/1/2045 (1)279,501 
Freddie Mac Non Gold Pool3.671%, $31,411 par, due 1/1/2041 (1)30,994 
Freddie Mac Non Gold Pool3.850%, $38,229 par, due 8/1/2045 (1)38,434 
Freddie Mac Non Gold Pool3.500%, $7,237 par, due 6/1/2042 (1)7,166 
Freddie Mac Non Gold Pool3.850%, $184,282 par, due 8/1/2044 (1)185,257 
Freddie Mac Non Gold Pool3.850%, $320,604 par, due 10/1/2043 (1)320,941 
Freddie Mac Non Gold Pool3.412%, $87,532 par, due 8/1/2035 (1)86,221 
Freddie Mac Non Gold Pool2.975%, $215,548 par, due 5/1/2044 (1)215,675 
Freddie Mac Pool3.000%, $1,293,190 par, due 7/1/2034 (1)1,214,925 
Freddie Mac Pool3.000%, $2,768,904 par, due 1/1/2035 (1)2,601,685 
Freddie Mac REMICS3.500%, $5,595 par, due 4/15/2041 (1)5,517 
Freddie Mac REMICS3.000%, $19,245 par, due 12/15/2044 (1)17,715 
Freddie Mac Struct PT Cert5.231%, $1,880,768 par, due 5/25/2043 (1)1,819,429 
GE HealthCare Technologies Inc5.650%, $300,000 par, due 11/15/2027 (1)304,085 
GE HealthCare Technologies Inc5.600%, $1,640,000 par, due 11/15/2025 (1)1,651,364 
General Motors Financial Co Inc3.800%, $1,820,000 par, due 4/7/2025 (1)1,758,171 
     33    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
General Motors Financial Co Inc1.200%, $1,510,000 par, due 10/15/2024 (1)$1,398,582 
General Motors Financial Co Inc6.050%, $1,020,000 par, due 10/10/2025 (1)1,036,872 
Georgia-Pacific LLC1.750%, $1,755,000 par, due 9/30/2025 (1)1,604,432 
Georgia-Pacific LLC3.600%, $580,000 par, due 3/1/2025 (1)561,938 
GGlaxoSmithKline Capital PLC0.534%, $860,000 par, due 10/1/2023 (1)832,109 
Gilead Sciences Inc0.750%, $744,000 par, due 9/29/2023 (1)720,757 
Ginnie Mae II pool3.701%, $2,332,087 par, due 5/20/2058 (1)2,323,411 
Ginnie Mae II pool2.625%, $45,587 par, due 3/20/2042 (1)45,065 
Ginnie Mae II pool1.625%, $11,234 par, due 12/20/2045 (1)10,876 
Ginnie Mae II pool2.875%, $156,864 par, due 4/20/2042 (1)155,118 
Ginnie Mae II Pool4.372%, $638 par, due 1/20/2067 (1)623 
Ginnie Mae II Pool4.372%, $1,400 par, due 12/20/2066 (1)1,368 
Ginnie Mae II pool1.625%, $75,788 par, due 10/20/2045 (1)73,372 
Ginnie Mae II pool4.740%, $654 par, due 6/20/2061 (1)647 
Ginnie Mae II pool5.480%, $189,412 par, due 6/20/2058 (1)189,818 
Ginnie Mae II pool5.470%, $2,089 par, due 8/20/2059 (1)1,939 
GM Financial Automobile Leasing Trust 2021-30.390%, $3,035,000 par, due 10/21/2024 (1)2,948,718 
GM Financial Automobile Leasing Trust 2022-11.900%, $2,755,000 par, due 3/20/2025 (1)2,661,999 
GM Financial Consumer Auto Rec Trust 2021-10.350%, $4,253,811 par, due 10/16/2025 (1)4,115,286 
GM Financial Consumer Auto Rec Trust 2022-44.820%, $3,320,000 par, due 8/16/2027 (1)3,323,795 
GM Financial Consumer Automobile Rec Trust 2020-11.840%, $405,167 par, due 9/16/2024 (1)402,676 
GM Financial Consumer Automobile Rec Trust 2022-11.260%, $3,465,000 par, due 11/16/2026 (1)3,276,099 
GM Financial Consumer Automobile Rec Trust 2022-23.100%, $1,100,000 par, due 2/16/2027 (1)1,065,688 
GNMA4.492%, $2,066,931 par, due 10/20/2065 (1)2,030,900 
GNMA4.842%, $1,995,272 par, due 12/20/2066 (1)1,975,233 
Goldman Sachs Group Inc/The3.272%, $1,445,000 par, due 9/29/2025 (1)1,393,091 
Goldman Sachs Group Inc/The0.657%, $1,570,000 par, due 9/10/2024 (1)1,511,897 
Goldman Sachs Group Inc/The3.625%, $1,147,000 par, due 2/20/2024 (1)1,127,493 
Goldman Sachs Group Inc/The0.925%, $2,470,000 par, due 10/21/2024 (1)2,371,795 
Goldman Sachs Group Inc/The1.217%, $1,550,000 par, due 12/6/2023 (1)1,496,151 
Goldman Sachs Group Inc/The2.640%, $770,000 par, due 2/24/2028 (1)686,083 
Government National Mortgage Association4.028%, $1,007,739 par, due 1/20/2066 (1)993,102 
GS Mortgage Securities Trust 2013-GC164.271%, $576,000 par, due 11/10/2046 (1)568,966 
GS Mortgage Securities Trust 2017-GS63.164%, $3,603,025 par, due 5/10/2050 (1)3,299,038 
GSK Consumer Healthcare Capital UK PLC3.125%, $1,600,000 par, due 3/24/2025 (1)1,522,690 
Guardian Life Global Funding3.246%, $900,000 par, due 3/29/2027 (1)843,358 
Gulfstream Natural Gas System LLC4.600%, $950,000 par, due 9/15/2025 (1)919,579 
Gulfstream Natural Gas System LLC6.190%, $550,000 par, due 11/1/2025 (1)551,414 
Halliburton Co3.800%, $172,000 par, due 11/15/2025 (1)167,450 
Harley-Davidson Motorcycle Trust 2021-B0.560%, $2,904,284 par, due 11/16/2026 (1)2,798,783 
Health Care Service Corp A Mutual Legal Reserve Co1.500%, $2,370,000 par, due 6/1/2025 (1)2,178,810 
HEALTHPARTNERS4.089%, $1,000,000 par, due 7/1/2026 (1)962,710 
Healthpeak Properties Inc4.000%, $1,780,000 par, due 6/1/2025 (1)1,734,731 
Hewlett Packard Enterprise Co2.250%, $950,000 par, due 4/1/2023 (1)942,914 
Hewlett Packard Enterprise Co4.450%, $1,435,000 par, due 10/2/2023 (1)1,426,426 
HNA 2015 LLC2.291%, $1,347,407 par, due 6/30/2027 (1)1,262,212 
Honda Auto Receivables 2019-4 Owner Trust1.830%, $348,966 par, due 1/18/2024 (1)347,794 
Honda Auto Receivables 2020-2 Owner Trust0.820%, $1,844,411 par, due 7/15/2024 (1)1,817,303 
Honda Auto Receivables 2021-1 Owner Trust0.270%, $2,482,398 par, due 4/21/2025 (1)2,401,239 
Honda Auto Receivables 2021-4 Owner Trust0.880%, $1,380,000 par, due 1/21/2026 (1)1,309,700 
Honda Auto Receivables 2022-1 Owner Trust1.880%, $1,120,000 par, due 5/15/2026 (1)1,064,335 
Honda Auto Receivables 2022-2 Owner Trust3.730%, $4,060,000 par, due 7/20/2026 (1)3,975,138 
Honda Auto Receivables 2022-2 Owner Trust3.760%, $1,050,000 par, due 12/18/2028 (1)1,024,848 
HP Inc1.450%, $1,000,000 par, due 6/17/2026 (1)878,149 
HP Inc4.750%, $1,160,000 par, due 1/15/2028 (1)1,127,308 
HPEFS Equipment Trust1.380%, $2,945,000 par, due 5/21/2029 (1)2,822,674 
HPEFS Equipment Trust 2021-20.360%, $2,850,000 par, due 9/20/2028 (1)2,787,987 
HSBC Holdings PLC2.251%, $2,010,000 par, due 11/22/2027 (1)1,743,096 
HSBC Holdings PLC4.180%, $800,000 par, due 12/9/2025 (1)776,232 
HSBC Holdings PLC1.589%, $1,560,000 par, due 5/24/2027 (1)1,347,019 
HSBC Holdings PLC5.674%, $770,000 par, due 5/18/2024 (1)766,908 
HSBC Holdings PLC3.803%, $238,000 par, due 3/11/2025 (1)231,440 
HSBC Holdings PLC0.976%, $1,600,000 par, due 5/24/2025 (1)1,481,968 
HSBC Holdings PLC0.732%, $1,210,000 par, due 8/17/2024 (1)1,166,171 
HSBC Holdings PLC2.999%, $400,000 par, due 3/10/2026 (1)376,217 
HSBC Holdings PLC2.099%, $580,000 par, due 6/4/2026 (1)528,838 
     34    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Huntington Bancshares Inc/OH2.625%, $450,000 par, due 8/6/2024 (1)$432,099 
Huntington Bancshares Inc/OH4.443%, $730,000 par, due 8/4/2028 (1)692,772 
Huntington National Bank/The3.550%, $319,000 par, due 10/6/2023 (1)315,603 
Huntington National Bank/The5.699%, $800,000 par, due 11/18/2025 (1)802,010 
Huntington National Bank/The4.008%, $450,000 par, due 5/16/2025 (1)440,688 
Huntington National Bank/The4.552%, $600,000 par, due 5/17/2028 (1)579,512 
Hyundai Auto Lease Securitization Trust 2021-C0.380%, $4,650,000 par, due 9/16/2024 (1)4,519,684 
Hyundai Auto Lease Securitization Trust 2022-A1.160%, $5,270,000 par, due 1/15/2025 (1)5,085,893 
Hyundai Auto Lease Securitization Trust 2022-C4.380%, $4,310,000 par, due 10/15/2025 (1)4,264,202 
Hyundai Auto Receivables Trust 2021-C0.740%, $1,415,000 par, due 5/15/2026 (1)1,336,688 
International Business Machines Corp2.200%, $1,980,000 par, due 2/9/2027 (1)1,781,695 
Interstate Power and Light Co3.250%, $1,780,000 par, due 12/1/2024 (1)1,717,867 
Interstate Power and Light Co3.400%, $1,040,000 par, due 8/15/2025 (1)992,597 
INTOWN 2022-STAY Mortgage Trust6.825%, $2,080,000 par, due 8/15/2039 (1)2,066,324 
JobsOhio Beverage System3.985%, $2,000,000 par, due 1/1/2029 (1)1,939,000 
John Deere Owner Trust 2020-B0.510%, $1,237,644 par, due 11/15/2024 (1)1,218,631 
John Deere Owner Trust 20210.360%, $4,827,639 par, due 9/15/2025 (1)4,661,279 
John Deere Owner Trust 2021-B0.520%, $2,065,000 par, due 3/16/2026 (1)1,959,846 
JP Morgan Chase Commercial Mtg Sec Trust 2014-C203.805%, $2,547,368 par, due 7/15/2047 (1)2,474,009 
JPMBB Commercial Mortgage Sec Trust 2015-C303.822%, $910,000 par, due 7/15/2048 (1)867,651 
JPMBB Comml Mtg Sec Tr3.761%, $305,145 par, due 8/15/2046 (1)302,405 
JPMCC Commercial Mortgage Sec Corp5.207%, $4,440,000 par, due 3/15/2039 (1)4,289,675 
JPMCC Commercial Mortgage Sec Trust 2015-JP13.914%, $2,073,000 par, due 1/15/2049 (1)1,979,483 
JPMCC Commercial Mortgage Sec Trust 2022-NLP4.932%, $3,926,722 par, due 4/15/2037 (1)3,631,527 
JPMDB Commercial Mortgage Securities Trust 2016-C42.882%, $3,832,511 par, due 12/15/2049 (1)3,503,636 
JPMorgan Chase & Co5.215%, $670,000 par, due 7/23/2024 (1)670,844 
JPMorgan Chase & Co4.323%, $1,940,000 par, due 4/26/2028 (1)1,848,444 
JPMorgan Chase & Co0.969%, $3,061,000 par, due 6/23/2025 (1)2,853,290 
JPMorgan Chase & Co1.561%, $1,930,000 par, due 12/10/2025 (1)1,787,778 
JPMorgan Chase & Co0.824%, $1,590,000 par, due 6/1/2025 (1)1,482,320 
JPMorgan Chase & Co3.220%, $1,170,000 par, due 3/1/2025 (1)1,137,056 
JPMorgan Chase & Co1.514%, $3,380,000 par, due 6/1/2024 (1)3,325,285 
JPMorgan Chase & Co4.851%, $530,000 par, due 7/25/2028 (1)517,883 
JPMorgan Chase & Co3.797%, $99,000 par, due 7/23/2024 (1)98,012 
JPMorgan Chase & Co4.080%, $2,270,000 par, due 4/26/2026 (1)2,208,158 
JPMorgan Chase & Co4.023%, $1,280,000 par, due 12/5/2024 (1)1,261,221 
JPMorgan Chase Comml Mtg Sec Tr4.166%, $630,000 par, due 12/15/2046 (1)621,113 
JPMorgan Chase Comml Mtg Sec Tr3.414%, $34,305 par, due 1/15/2046 (1)34,146 
JPMorgan Chase Comml Mtg Sec Tr 2013-C133.994%, $2,556,894 par, due 1/15/2046 (1)2,535,163 
Kentucky Utilities Co3.300%, $1,100,000 par, due 10/1/2025 (1)1,048,441 
KeyBank NA/Cleveland OH4.150%, $1,500,000 par, due 8/8/2025 (1)1,467,519 
KeyBank NA/Cleveland OH5.850%, $590,000 par, due 11/15/2027 (1)607,034 
KeyCorp4.150%, $500,000 par, due 10/29/2025 (1)487,850 
KeyCorp3.878%, $1,220,000 par, due 5/23/2025 (1)1,194,170 
Kimco Realty Corp2.700%, $380,000 par, due 3/1/2024 (1)367,876 
Kimco Realty Corp3.800%, $360,000 par, due 4/1/2027 (1)336,711 
Kubota Credit Owner Trust 2021-10.620%, $3,210,000 par, due 8/15/2025 (1)3,049,561 
La Joya Independent School District5.000%, $2,650,000 par, due 2/15/2027 (1)2,658,745 
Lake Central Multi-District School Building Corp1.053%, $1,200,000 par, due 7/15/2025 (1)1,092,120 
Lake Central Multi-District School Building Corp0.983%, $1,000,000 par, due 1/15/2025 (1)925,970 
Lennox International Inc1.350%, $1,200,000 par, due 8/1/2025 (1)1,087,072 
Lincoln Airport Authority2.303%, $500,000 par, due 7/1/2023 (1)494,350 
Louisiana Local Govt Env Fac. & Comm Dev Auth3.615%, $4,405,000 par, due 2/1/2027 (1)4,269,987 
Lowe's Cos Inc3.350%, $700,000 par, due 4/1/2027 (1)657,962 
M&T Bank Corp5.007%, $512,000 par, due 7/26/2023 (1)512,113 
Magellan Midstream Partners LP5.000%, $720,000 par, due 3/1/2026 (1)715,969 
Manufacturers & Traders Trust Co5.400%, $1,480,000 par, due 11/21/2025 (1)1,489,004 
Marathon Petroleum Corp4.700%, $2,150,000 par, due 5/1/2025 (1)2,118,698 
Marsh & McLennan Cos Inc3.875%, $420,000 par, due 3/15/2024 (1)414,307 
Martin Marietta Materials Inc4.250%, $520,000 par, due 7/2/2024 (1)513,219 
Martin Marietta Materials Inc0.650%, $1,050,000 par, due 7/15/2023 (1)1,022,897 
Masco Corp3.500%, $720,000 par, due 11/15/2027 (1)667,990 
MassMutual Global Funding II2.950%, $815,000 par, due 1/11/2025 (1)783,812 
MassMutual Global Funding II2.800%, $1,480,000 par, due 3/21/2025 (1)1,413,240 
MassMutual Global Funding II4.150%, $620,000 par, due 8/26/2025 (1)607,002 
MassMutual Global Funding II1.200%, $900,000 par, due 7/16/2026 (1)793,126 
     35    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
McCormick & Co Inc/MD3.150%, $1,000,000 par, due 8/15/2024 (1)$968,521 
Mercedes-Benz Auto Receivables Trust 2022-15.210%, $1,695,000 par, due 8/16/2027 (1)1,710,682 
Mercedes-Benz Finance North America LLC3.350%, $250,000 par, due 2/22/2023 (1)249,073 
Mercedes-Benz Finance North America LLC1.750%, $3,145,000 par, due 3/10/2023 (1)3,127,636 
Mercedes-Benz Finance North America LLC5.375%, $400,000 par, due 11/26/2025 (1)402,555 
METLIFE SECURITIZATION TRUST 2019-13.750%, $107,628 par, due 4/25/2058 (1)104,262 
Metropolitan Life Global Funding I4.400%, $665,000 par, due 6/30/2027 (1)649,099 
Michigan Finance Authority4.887%, $1,492,468 par, due 7/25/2061 (1)1,438,097 
Microchip Technology Inc4.333%, $220,000 par, due 6/1/2023 (1)219,058 
Mid-America Apartments LP1.100%, $835,000 par, due 9/15/2026 (1)723,061 
Mid-America Apartments LP4.000%, $1,567,000 par, due 11/15/2025 (1)1,521,856 
Missouri Higher Education Loan Authority5.087%, $4,236,680 par, due 3/25/2061 (1)4,012,475 
Missouri Higher Education Loan Authority5.137%, $2,358,104 par, due 1/25/2061 (1)2,242,345 
Mitsubishi UFJ Financial Group Inc4.080%, $630,000 par, due 4/19/2028 (1)594,764 
Mitsubishi UFJ Financial Group Inc0.953%, $3,370,000 par, due 7/19/2025 (1)3,132,604 
Mitsubishi UFJ Financial Group Inc0.962%, $780,000 par, due 10/11/2025 (1)717,517 
Mitsubishi UFJ Financial Group Inc4.788%, $930,000 par, due 7/18/2025 (1)921,109 
Mitsubishi UFJ Financial Group Inc0.848%, $1,480,000 par, due 9/15/2024 (1)1,428,653 
Mitsubishi UFJ Financial Group Inc1.412%, $1,260,000 par, due 7/17/2025 (1)1,145,147 
MMAF Equipment Finance LLC 2019-B2.010%, $2,068,105 par, due 12/12/2024 (1)2,029,690 
MMAF Equipment Finance LLC 2020-A0.970%, $4,125,000 par, due 4/9/2027 (1)3,827,934 
MMAF Equipment Finance LLC 2021-A0.560%, $3,580,000 par, due 6/13/2028 (1)3,349,040 
MMAF Equipment Finance LLC 2022-A3.200%, $3,100,000 par, due 1/13/2028 (1)2,966,719 
MO State Higher Ed Std Asst5.353%, $48,690 par, due 5/20/2030 (1)48,678 
Mondelez International Holdings Netherlands BV0.750%, $1,470,000 par, due 9/24/2024 (1)1,363,496 
Mondelez International Holdings Netherlands BV2.250%, $560,000 par, due 9/19/2024 (1)532,777 
Mondelez International Holdings Netherlands BV4.250%, $720,000 par, due 9/15/2025 (1)710,425 
Monongahela Power Co4.100%, $1,103,000 par, due 4/15/2024 (1)1,084,469 
Morgan Stanley0.731%, $860,000 par, due 4/5/2024 (1)847,725 
Morgan Stanley2.630%, $3,490,000 par, due 2/18/2026 (1)3,280,136 
Morgan Stanley0.791%, $3,120,000 par, due 1/22/2025 (1)2,950,306 
Morgan Stanley1.164%, $1,230,000 par, due 10/21/2025 (1)1,130,541 
Morgan Stanley0.790%, $1,550,000 par, due 5/30/2025 (1)1,444,240 
Morgan Stanley2.475%, $1,070,000 par, due 1/21/2028 (1)952,084 
Morgan Stanley4.679%, $1,320,000 par, due 7/17/2026 (1)1,298,418 
Morgan Stanley BAML Trust3.824%, $19,186 par, due 10/15/2046 (1)19,112 
Morgan Stanley BAML Trust 2014-C154.051%, $945,000 par, due 4/15/2047 (1)925,868 
Morgan Stanley BAML Trust 2014-C163.892%, $3,255,000 par, due 6/15/2047 (1)3,154,391 
Morgan Stanley BAML Trust 2014-C183.923%, $5,477,816 par, due 10/15/2047 (1)5,295,942 
Morgan Stanley BAML Trust 2016-C283.272%, $755,365 par, due 1/15/2049 (1)713,316 
Morgan Stanley BAML Trust 2016-C293.325%, $2,160,000 par, due 5/15/2049 (1)2,015,561 
Morgan Stanley BAML Trust 2016-C312.840%, $3,120,447 par, due 11/15/2049 (1)2,854,935 
MPLX LP4.875%, $610,000 par, due 6/1/2025 (1)601,108 
MPLX LP4.875%, $730,000 par, due 12/1/2024 (1)724,397 
National Retail Properties Inc4.000%, $795,000 par, due 11/15/2025 (1)764,086 
Nature Conservancy/The0.467%, $850,000 par, due 7/1/2023 (1)829,845 
Navient Private Education Refi Loan Trust 2021-E0.970%, $2,728,144 par, due 12/16/2069 (1)2,288,196 
Navient Private Education Refi Loan Trust 2021-G1.580%, $4,054,952 par, due 4/15/2070 (1)3,438,701 
Navient Private Education Refi Loan Trust 2022-A2.230%, $2,704,703 par, due 7/15/2070 (1)2,350,631 
Navient Student Loan Trust 2016-65.139%, $136,472 par, due 3/25/2066 (1)136,421 
Navient Student Loan Trust 2020-FA1.220%, $2,604,549 par, due 7/15/2069 (1)2,313,658 
Navient Student Loan Trust 2021-14.989%, $3,098,579 par, due 12/26/2069 (1)2,963,165 
Nelnet Student Loan Trust 2021-A1.360%, $3,088,573 par, due 4/20/2062 (1)2,735,558 
Nelnet Student Loan Trust 2021-A5.153%, $4,032,521 par, due 4/20/2062 (1)3,911,638 
Nelnet Student Loan Trust 2021-C5.093%, $2,258,460 par, due 4/20/2062 (1)2,190,505 
Nelnet Student Loan Trust 2021-D5.043%, $4,234,071 par, due 4/20/2062 (1)4,158,801 
New York Life Global Funding2.350%, $780,000 par, due 7/14/2026 (1)718,499 
New York Life Global Funding3.600%, $650,000 par, due 8/5/2025 (1)627,018 
New York Life Global Funding2.000%, $730,000 par, due 1/22/2025 (1)687,056 
New York Life Global Funding1.450%, $770,000 par, due 1/14/2025 (1)717,793 
New York State Dormitory Authority0.887%, $1,000,000 par, due 3/15/2025 (1)918,940 
New York State Dormitory Authority2.438%, $890,000 par, due 2/15/2026 (1)826,739 
NextEra Energy Capital Holdings Inc0.650%, $1,230,000 par, due 3/1/2023 (1)1,221,578 
NextEra Energy Capital Holdings Inc4.255%, $1,840,000 par, due 9/1/2024 (1)1,817,859 
NextEra Energy Capital Holdings Inc4.450%, $2,010,000 par, due 6/20/2025 (1)1,986,065 
Nissan Auto Lease Trust 2020-B0.430%, $41,112 par, due 10/16/2023 (1)41,048 
     36    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Northern States Power Co/MN2.600%, $277,000 par, due 5/15/2023 (1)$274,538 
Northrop Grumman Corp2.930%, $2,170,000 par, due 1/15/2025 (1)2,082,610 
Northstar Edu Fin Inc5.089%, $529,769 par, due 12/26/2031 (1)526,259 
NorthWestern Corp1.000%, $1,220,000 par, due 3/26/2024 (1)1,151,007 
Northwestern Mutual Global Funding4.000%, $2,005,000 par, due 7/1/2025 (1)1,967,122 
Northwestern Mutual Global Funding0.800%, $1,420,000 par, due 1/14/2026 (1)1,257,603 
Northwestern Mutual Global Funding0.600%, $830,000 par, due 3/25/2024 (1)786,657 
NTT Finance Corp1.162%, $1,340,000 par, due 4/3/2026 (1)1,186,055 
NTT Finance Corp4.142%, $360,000 par, due 7/26/2024 (1)354,433 
NTT Finance Corp0.583%, $750,000 par, due 3/1/2024 (1)711,195 
NTT Finance Corp4.239%, $530,000 par, due 7/25/2025 (1)520,845 
Nucor Corp3.950%, $630,000 par, due 5/23/2025 (1)616,849 
Nucor Corp4.300%, $960,000 par, due 5/23/2027 (1)937,878 
Nutrien Ltd3.000%, $390,000 par, due 4/1/2025 (1)372,100 
Nutrien Ltd5.900%, $1,050,000 par, due 11/7/2024 (1)1,063,712 
Nutrien Ltd5.950%, $610,000 par, due 11/7/2025 (1)622,835 
Nutrien Ltd1.900%, $910,000 par, due 5/13/2023 (1)899,591 
NXP BV / NXP Funding LLC / NXP USA Inc4.400%, $1,230,000 par, due 6/1/2027 (1)1,179,512 
NYC Transitional Finance Auth Future Tax Sec Rev1.870%, $1,750,000 par, due 2/1/2026 (1)1,592,115 
Oklahoma Gas and Electric Co0.553%, $710,000 par, due 5/26/2023 (1)697,347 
Oklahoma Water Resources Board0.700%, $1,610,000 par, due 10/1/2024 (1)1,500,101 
Oncor Electric Delivery Co LLC2.750%, $2,358,000 par, due 6/1/2024 (1)2,282,186 
Oncor Electric Delivery Co LLC0.550%, $1,240,000 par, due 10/1/2025 (1)1,107,752 
ONE Gas Inc1.100%, $426,000 par, due 3/11/2024 (1)408,609 
Oracle Corp5.800%, $760,000 par, due 11/10/2025 (1)777,356 
Oracle Corp2.500%, $2,380,000 par, due 4/1/2025 (1)2,242,988 
Oracle Corp1.650%, $2,560,000 par, due 3/25/2026 (1)2,296,755 
Oracle Corp2.625%, $700,000 par, due 2/15/2023 (1)697,817 
Otis Worldwide Corp2.056%, $670,000 par, due 4/5/2025 (1)627,339 
Pacific Life Global Funding II1.200%, $2,335,000 par, due 6/24/2025 (1)2,118,494 
PacifiCorp3.350%, $1,500,000 par, due 7/1/2025 (1)1,438,334 
PacifiCorp2.950%, $640,000 par, due 6/1/2023 (1)634,313 
Packaging Corp of America3.650%, $1,695,000 par, due 9/15/2024 (1)1,652,111 
Parker-Hannifin Corp2.700%, $456,000 par, due 6/14/2024 (1)439,282 
Parker-Hannifin Corp3.650%, $840,000 par, due 6/15/2024 (1)822,218 
Parker-Hannifin Corp3.300%, $1,440,000 par, due 11/21/2024 (1)1,390,897 
PeaceHealth Obligated Group1.375%, $1,715,000 par, due 11/15/2025 (1)1,538,511 
PerkinElmer Inc0.850%, $1,440,000 par, due 9/15/2024 (1)1,335,632 
PerkinElmer Inc0.550%, $1,440,000 par, due 9/15/2023 (1)1,394,823 
Petroleos Mexicanos4.429%, $247,500 par, due 4/15/2025 (1)246,729 
Petroleos Mexicanos5.036%, $565,625 par, due 2/15/2024 (1)564,654 
PHEAA Student Loan Trust 2016-15.539%, $678,187 par, due 9/25/2065 (1)670,778 
Phillips 660.900%, $830,000 par, due 2/15/2024 (1)793,729 
Phillips 663.850%, $1,450,000 par, due 4/9/2025 (1)1,415,715 
Pioneer Natural Resources Co0.550%, $570,000 par, due 5/15/2023 (1)560,607 
Pioneer Natural Resources Co1.125%, $880,000 par, due 1/15/2026 (1)785,201 
PPG Industries Inc1.200%, $600,000 par, due 3/15/2026 (1)532,439 
Pricoa Global Funding I4.200%, $200,000 par, due 8/28/2025 (1)196,148 
Principal Life Global Funding II1.375%, $1,920,000 par, due 1/10/2025 (1)1,777,196 
Protective Life Global Funding1.646%, $1,730,000 par, due 1/13/2025 (1)1,598,693 
Protective Life Global Funding3.218%, $380,000 par, due 3/28/2025 (1)362,363 
Protective Life Global Funding4.714%, $725,000 par, due 7/6/2027 (1)704,618 
PSNH Funding LLC 33.094%, $535,046 par, due 2/1/2026 (1)529,771 
Public Service Electric and Gas Co3.250%, $1,595,000 par, due 9/1/2023 (1)1,576,407 
Public Service Electric and Gas Co2.375%, $1,200,000 par, due 5/15/2023 (1)1,189,051 
Public Service Enterprise Group Inc0.841%, $920,000 par, due 11/8/2023 (1)885,813 
Raytheon Technologies Corp3.950%, $1,300,000 par, due 8/16/2025 (1)1,271,522 
Raytheon Technologies Corp3.650%, $33,000 par, due 8/16/2023 (1)32,721 
REALTY INCOME CORP4.125%, $1,570,000 par, due 10/15/2026 (1)1,529,092 
Reckitt Benckiser Treasury Services PLC2.750%, $1,240,000 par, due 6/26/2024 (1)1,198,603 
Reliance Industries Ltd1.870%, $133,737 par, due 1/15/2026 (1)127,289 
Reliance Industries Ltd2.512%, $1,510,250 par, due 1/15/2026 (1)1,450,375 
Reliance Industries Ltd2.444%, $2,210,526 par, due 1/15/2026 (1)2,123,635 
RELX Capital Inc3.500%, $1,410,000 par, due 3/16/2023 (1)1,404,301 
RI State Std Ln Authority0.765%, $294,628 par, due 9/1/2036 (1)292,801 
Rockwall Independent School District4.000%, $2,000,000 par, due 2/15/2025 (1)1,975,800 
     37    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Rogers Communications Inc3.200%, $350,000 par, due 3/15/2027 (1)$324,368 
Rogers Communications Inc2.950%, $650,000 par, due 3/15/2025 (1)619,880 
Roper Technologies Inc2.350%, $440,000 par, due 9/15/2024 (1)420,296 
Roper Technologies Inc1.000%, $1,920,000 par, due 9/15/2025 (1)1,721,781 
Royal Bank of Canada4.784%, $2,150,000 par, due 12/12/2025 (1)2,141,456 
Royal Bank of Canada0.750%, $1,360,000 par, due 10/7/2024 (1)1,265,136 
Royal Bank of Canada1.600%, $1,920,000 par, due 1/21/2025 (1)1,794,253 
Royal Bank of Canada3.375%, $1,550,000 par, due 4/14/2025 (1)1,498,910 
Royal Bank of Canada3.970%, $690,000 par, due 7/26/2024 (1)679,622 
Royal Bank of Canada4.408%, $1,300,000 par, due 10/5/2023 (1)1,299,974 
Ryder System Inc3.650%, $292,000 par, due 3/18/2024 (1)286,107 
Sabine Pass Liquefaction LLC5.875%, $580,000 par, due 6/30/2026 (1)586,854 
SABINE PASS LIQUEFACTION LLC5.750%, $300,000 par, due 5/15/2024 (1)300,363 
SANFORD HEALTH2.496%, $1,345,000 par, due 11/1/2024 (1)1,282,404 
SANFORD HEALTH2.396%, $1,250,000 par, due 11/1/2023 (1)1,222,400 
Santander Drive Auto Receivables Trust 2022-54.110%, $6,785,000 par, due 8/17/2026 (1)6,659,667 
Santander Drive Auto Receivables Trust 2022-64.490%, $3,845,000 par, due 11/16/2026 (1)3,797,864 
Santander Drive Auto Receivables Trust 2022-75.750%, $645,000 par, due 4/15/2027 (1)648,847 
Santander Retail Auto Lease Trust 2021-A0.510%, $4,295,000 par, due 7/22/2024 (1)4,186,263 
Santander Retail Auto Lease Trust 2021-B0.510%, $5,300,000 par, due 8/20/2024 (1)5,123,091 
Santander Retail Auto Lease Trust 2021-C0.500%, $4,525,000 par, due 3/20/2025 (1)4,404,649 
Santander Retail Auto Lease Trust 2022-A1.340%, $3,380,000 par, due 7/21/2025 (1)3,198,170 
Santander Retail Auto Lease Trust 2022-B3.280%, $4,245,000 par, due 11/20/2025 (1)4,127,868 
SBA Small Business Investment Cos2.517%, $136,313 par, due 3/10/2025 (1)130,665 
SBA Small Business Investment Cos2.829%, $789,583 par, due 9/10/2025 (1)756,845 
SBA Small Business Investment Cos2.507%, $618,408 par, due 3/10/2026 (1)581,729 
SBA Small Business Investment Cos3.644%, $2,835 par, due 9/10/2023 (1)2,796 
SC State Std Ln Corp4.870%, $18,870 par, due 5/1/2030 (1)18,869 
SC State Std Ln Corp4.889%, $519,294 par, due 1/25/2041 (1)508,155 
Seasoned Credit Risk Transfer Trust2.500%, $3,193,340 par, due 9/25/2060 (1)2,927,236 
Seasoned Credit Risk Transfer Trust Series 2018-33.500%, $88,983 par, due 8/25/2057 (1)84,480 
Seasoned Credit Risk Transfer Trust Series 2020-22.500%, $3,163,085 par, due 11/25/2059 (1)2,836,782 
Seasoned Credit Risk Transfer Trust Series 2020-32.500%, $1,320,688 par, due 5/25/2060 (1)1,161,494 
Seasoned Credit Risk Transfer Trust Series 2020-32.500%, $1,652,720 par, due 5/25/2060 (1)1,523,223 
Sempra Energy3.300%, $1,270,000 par, due 4/1/2025 (1)1,218,769 
Shell International Finance BV5.050%, $1,080,000 par, due 11/13/2023 (1)1,081,203 
Sherwin-Williams Co/The4.050%, $610,000 par, due 8/8/2024 (1)601,639 
Siemens Financieringsmaatschappij NV2.350%, $890,000 par, due 10/15/2026 (1)809,277 
Siemens Financieringsmaatschappij NV1.200%, $880,000 par, due 3/11/2026 (1)785,095 
Simon Property Group LP2.750%, $1,754,000 par, due 6/1/2023 (1)1,736,525 
SLM Student Loan Trust 2003-105.439%, $4,964,350 par, due 12/17/2068 (1)4,808,291 
SLM Student Loan Trust 2005-44.478%, $35,021 par, due 1/25/2027 (1)34,970 
SLM Student Loan Trust 2008-95.858%, $311,068 par, due 4/25/2023 (1)308,053 
Spire Missouri Inc4.740%, $3,340,000 par, due 12/2/2024 (1)3,310,665 
Stanley Black & Decker Inc2.300%, $340,000 par, due 2/24/2025 (1)321,873 
State of Hawaii0.713%, $3,165,000 par, due 8/1/2024 (1)2,981,114 
State of Maine1.250%, $400,000 par, due 6/1/2023 (1)394,980 
State of Utah4.554%, $535,000 par, due 7/1/2024 (1)532,855 
State of Utah3.539%, $983,649 par, due 7/1/2025 (1)964,852 
State Street Corp1.746%, $1,610,000 par, due 2/6/2026 (1)1,499,333 
State Street Corp2.203%, $1,490,000 par, due 2/7/2028 (1)1,339,885 
State Street Corp5.751%, $700,000 par, due 11/4/2026 (1)717,172 
State Street Corp3.776%, $63,000 par, due 12/3/2024 (1)62,286 
Student Loan Corp5.158%, $697,671 par, due 4/25/2037 (1)690,750 
Student Loan Corp5.089%, $1,338,883 par, due 7/25/2036 (1)1,317,997 
Sumitomo Mitsui Financial Group Inc4.879%, $1,310,000 par, due 10/16/2023 (1)1,311,341 
Sumitomo Mitsui Financial Group Inc1.474%, $3,019,000 par, due 7/8/2025 (1)2,753,086 
Sumitomo Mitsui Financial Group Inc2.174%, $200,000 par, due 1/14/2027 (1)177,781 
Sutter Health1.321%, $1,040,000 par, due 8/15/2025 (1)945,047 
Take-Two Interactive Software Inc3.300%, $420,000 par, due 3/28/2024 (1)410,168 
Take-Two Interactive Software Inc3.550%, $230,000 par, due 4/14/2025 (1)221,505 
Texas Tech University System0.938%, $1,250,000 par, due 2/15/2025 (1)1,158,175 
T-Mobile US Trust 2022-14.910%, $5,030,000 par, due 5/22/2028 (1)5,024,829 
Toronto-Dominion Bank/The3.766%, $2,760,000 par, due 6/6/2025 (1)2,678,188 
Toronto-Dominion Bank/The0.700%, $2,390,000 par, due 9/10/2024 (1)2,225,257 
Toronto-Dominion Bank/The0.750%, $720,000 par, due 6/12/2023 (1)707,026 
     38    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Toronto-Dominion Bank/The4.285%, $1,020,000 par, due 9/13/2024 (1)$1,008,498 
Towd Point Mortgage Trust 2017-12.750%, $189,542 par, due 10/25/2056 (1)186,354 
Towd Point Mortgage Trust 2017-22.750%, $67,370 par, due 4/25/2057 (1)66,500 
Towd Point Mortgage Trust 2017-53.773%, $133,508 par, due 2/25/2057 (1)132,122 
Towd Point Mortgage Trust 2017-62.750%, $337,424 par, due 10/25/2057 (1)321,867 
Towd Point Mortgage Trust 2018-13.000%, $141,632 par, due 1/25/2058 (1)136,570 
Towd Point Mortgage Trust 2018-23.250%, $1,223,755 par, due 3/25/2058 (1)1,171,529 
Towd Point Mortgage Trust 2018-33.750%, $868,760 par, due 5/25/2058 (1)822,104 
Towd Point Mortgage Trust 2019-HY35.389%, $1,196,186 par, due 10/25/2059 (1)1,183,147 
Towd Point Mortgage Trust 2021-12.250%, $3,465,945 par, due 11/25/2061 (1)3,095,314 
Toyota Auto Loan Extended Note Trust 2019-12.560%, $7,605,000 par, due 11/25/2031 (1)7,330,536 
Toyota Auto Loan Extended Note Trust 2020-11.350%, $2,710,000 par, due 5/25/2033 (1)2,480,978 
Toyota Auto Loan Extended Note Trust 2021-11.070%, $2,550,000 par, due 2/27/2034 (1)2,262,508 
Toyota Auto Loan Extended Note Trust 2022-13.820%, $1,790,000 par, due 4/25/2035 (1)1,698,123 
Toyota Auto Receivables 2021-D Owner Trust0.710%, $1,995,000 par, due 4/15/2026 (1)1,879,490 
Toyota Auto Receivables 2022-A Owner Trust1.230%, $3,855,000 par, due 6/15/2026 (1)3,656,070 
Toyota Auto Receivables 2022-C Owner Trust3.760%, $2,660,000 par, due 4/15/2027 (1)2,596,554 
Toyota Auto Receivables 2022-D Owner Trust5.300%, $3,365,000 par, due 9/15/2027 (1)3,405,932 
Toyota Lease Owner Trust 2022-A1.960%, $2,605,000 par, due 2/20/2025 (1)2,512,489 
Toyota Motor Credit Corp3.050%, $1,130,000 par, due 3/22/2027 (1)1,055,385 
Trane Technologies Luxembourg Finance SA3.550%, $400,000 par, due 11/1/2024 (1)389,947 
Trane Technologies Luxembourg Finance SA3.500%, $322,000 par, due 3/21/2026 (1)304,097 
Truist Bank3.800%, $1,600,000 par, due 10/30/2026 (1)1,514,854 
Truist Bank3.625%, $2,150,000 par, due 9/16/2025 (1)2,066,227 
Truist Financial Corp4.260%, $1,770,000 par, due 7/28/2026 (1)1,740,554 
Truist Financial Corp5.900%, $875,000 par, due 10/28/2026 (1)895,304 
TSMC Arizona Corp3.875%, $830,000 par, due 4/22/2027 (1)799,019 
TSMC Arizona Corp1.750%, $2,400,000 par, due 10/25/2026 (1)2,143,975 
TSMC Global Ltd1.250%, $660,000 par, due 4/23/2026 (1)592,023 
TSMC Global Ltd0.750%, $2,220,000 par, due 9/28/2025 (1)2,005,703 
UBS AG/London0.700%, $1,800,000 par, due 8/9/2024 (1)1,678,010 
UBS Commercial Mortgage Trust 2017-C33.167%, $3,100,000 par, due 8/15/2050 (1)2,862,199 
UBS Group AG1.494%, $400,000 par, due 8/10/2027 (1)344,582 
UBS Group AG1.008%, $780,000 par, due 7/30/2024 (1)758,549 
UBS Group AG4.490%, $1,810,000 par, due 8/5/2025 (1)1,779,815 
UBS Group AG4.488%, $900,000 par, due 5/12/2026 (1)880,292 
UDR Inc2.950%, $220,000 par, due 9/1/2026 (1)202,186 
United States Small Business Administration5.720%, $90,312 par, due 1/1/2029 (1)89,049 
United States Small Business Administration1.880%, $39,619 par, due 3/1/2025 (1)38,244 
United States Small Business Administration4.760%, $394,525 par, due 9/1/2025 (1)383,454 
United States Small Business Administration5.510%, $86,535 par, due 11/1/2027 (1)85,788 
United States Small Business Administration5.630%, $416,975 par, due 10/1/2028 (1)411,200 
United States Small Business Administration6.770%, $119,862 par, due 11/1/2028 (1)120,284 
United States Small Business Administration5.290%, $301,260 par, due 12/1/2027 (1)299,481 
United States Treasury Note/Bond0.500%, $23,300,000 par, due 3/31/2025 (1)21,415,985 
United States Treasury Note/Bond2.625%, $7,850,000 par, due 4/15/2025 (1)7,560,531 
United States Treasury Note/Bond2.875%, $30,675,000 par, due 6/15/2025 (1)29,670,885 
United States Treasury Note/Bond0.750%, $10,000,000 par, due 11/15/2024 (1)9,339,060 
United States Treasury Note/Bond4.250%, $15,450,000 par, due 10/15/2025 (1)15,451,205 
United States Treasury Note/Bond1.500%, $15,800,000 par, due 2/15/2025 (1)14,882,241 
United States Treasury Note/Bond4.500%, $44,965,000 par, due 11/15/2025 (1)45,274,134 
United States Treasury Note/Bond1.750%, $16,000,000 par, due 3/15/2025 (1)15,130,000 
United States Treasury Note/Bond2.750%, $3,950,000 par, due 5/15/2025 (1)3,811,750 
United States Treasury Note/Bond4.000%, $52,875,000 par, due 12/15/2025 (1)52,585,827 
United States Treasury Note/Bond1.125%, $15,750,000 par, due 1/15/2025 (1)14,747,780 
United States Treasury Note/Bond1.750%, $100,875,000 par, due 12/31/2024 (1)95,807,645 
University of Michigan1.004%, $2,710,000 par, due 4/1/2025 (1)2,503,417 
US Bancorp5.727%, $1,320,000 par, due 10/21/2026 (1)1,345,019 
US Bancorp2.215%, $2,440,000 par, due 1/27/2028 (1)2,191,408 
US Bancorp4.548%, $1,910,000 par, due 7/22/2028 (1)1,865,096 
Ventas Realty LP2.650%, $430,000 par, due 1/15/2025 (1)407,226 
Ventas Realty LP3.500%, $700,000 par, due 2/1/2025 (1)672,734 
Verizon Master Trust3.670%, $3,680,000 par, due 1/22/2029 (1)3,566,200 
Verizon Master Trust0.500%, $6,690,000 par, due 5/20/2027 (1)6,285,188 
Verizon Master Trust0.990%, $7,045,000 par, due 4/20/2028 (1)6,569,744 
Verizon Master Trust5.230%, $1,865,000 par, due 11/22/2027 (1)1,875,970 
     39    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Verizon Master Trust1.530%, $3,470,000 par, due 7/20/2028 (1)$3,245,095 
Verizon Owner Trust 2020-A1.850%, $311,779 par, due 7/22/2024 (1)310,610 
Vermont Std Asst Corp5.089%, $371,930 par, due 7/28/2034 (1)370,108 
Virginia Electric and Power Co3.450%, $593,000 par, due 2/15/2024 (1)582,589 
Volkswagen Auto Lease Trust 2022-A3.440%, $3,185,000 par, due 7/21/2025 (1)3,116,870 
Volkswagen Auto Loan Enhanced Trust 2021-11.020%, $3,890,000 par, due 6/22/2026 (1)3,697,107 
Volkswagen Group of America Finance LLC3.350%, $750,000 par, due 5/13/2025 (1)716,770 
Volkswagen Group of America Finance LLC3.950%, $850,000 par, due 6/6/2025 (1)823,264 
Vulcan Materials Co4.500%, $1,308,000 par, due 4/1/2025 (1)1,298,083 
Warnermedia Holdings Inc3.755%, $1,990,000 par, due 3/15/2027 (1)1,796,598 
Warnermedia Holdings Inc3.638%, $920,000 par, due 3/15/2025 (1)875,487 
WEC Energy Group Inc0.800%, $2,660,000 par, due 3/15/2024 (1)2,520,877 
WEC Energy Group Inc3.550%, $1,110,000 par, due 6/15/2025 (1)1,064,600 
*Wells Fargo Commercial Mortgage Trust 2013-LC124.218%, $607,000 par, due 7/15/2046 (1)601,150 
*Wells Fargo Commercial Mortgage Trust 2014-LC183.405%, $3,755,000 par, due 12/15/2047 (1)3,584,688 
*Wells Fargo Commercial Mortgage Trust 2015-C313.695%, $1,935,000 par, due 11/15/2048 (1)1,839,730 
*Wells Fargo Commercial Mortgage Trust 2015-LC223.839%, $2,935,000 par, due 9/15/2058 (1)2,800,037 
*Wells Fargo Commercial Mortgage Trust 2016-C333.162%, $1,618,519 par, due 3/15/2059 (1)1,514,783 
*Wells Fargo Commercial Mortgage Trust 2016-NXS62.642%, $2,860,000 par, due 11/15/2049 (1)2,631,618 
*Wells Fargo Commercial Mortgage Trust 2017-C383.190%, $2,384,254 par, due 7/15/2050 (1)2,184,449 
*Wells Fargo Commercial Mortgage Trust 2017-C393.157%, $3,925,000 par, due 9/15/2050 (1)3,587,721 
Welltower Inc3.625%, $2,496,000 par, due 3/15/2024 (1)2,442,603 
Westpac Banking Corp5.506%, $1,190,000 par, due 2/26/2024 (1)1,191,560 
WFRBS Commercial Mortgage Trust 2013-C174.023%, $382,000 par, due 12/15/2046 (1)375,425 
WFRBS Commercial Mortgage Trust 2014-C223.752%, $2,155,000 par, due 9/15/2057 (1)2,080,133 
WFRBS Commercial Mortgage Trust 2014-C253.365%, $2,776,491 par, due 11/15/2047 (1)2,660,309 
Williams Cos Inc/The3.900%, $2,092,000 par, due 1/15/2025 (1)2,038,598 
Williams Cos Inc/The4.550%, $460,000 par, due 6/24/2024 (1)455,145 
Windermere Aviation LLC2.351%, $455,358 par, due 5/27/2026 (1)433,284 
Wisconsin Public Service Corp5.350%, $560,000 par, due 11/10/2025 (1)566,675 
World Omni Auto Lease Sec Trust 2021-A0.420%, $2,250,000 par, due 8/15/2024 (1)2,183,425 
World Omni Auto Lease Sec Trust 2022-A3.210%, $3,115,000 par, due 2/18/2025 (1)3,048,526 
World Omni Auto Receivables Trust 2019-C1.960%, $960,981 par, due 12/16/2024 (1)953,807 
World Omni Auto Receivables Trust 2020-C0.480%, $4,888,489 par, due 11/17/2025 (1)4,760,318 
World Omni Auto Receivables Trust 2021-D0.810%, $3,895,000 par, due 10/15/2026 (1)3,685,803 
World Omni Auto Receivables Trust 2022-A1.660%, $3,680,000 par, due 5/17/2027 (1)3,501,222 
WRKCo Inc3.750%, $1,100,000 par, due 3/15/2025 (1)1,064,599 
WRKCo Inc3.000%, $720,000 par, due 9/15/2024 (1)688,402 
Yale University0.873%, $2,000,000 par, due 4/15/2025 (1)1,840,804 
Blackrock Treasury Trust Fund3.960%, $29,802,265 shares(1)29,802,265 
Total1,540,474,859 
Accrued income receivable 5,955,594 
Receivable for investment payments due11,459,100 
Payable for securities purchased(15,083,444)
Payable for securities purchased on a forward commitment basis (20,617,334)
Total1,522,188,775 
American General Life Ins. Co.2.25%(1)— 
Massachusetts Mutual Life Ins. Co.2.40%(1)— 
Nationwide Life Ins. Co.2.45%(1)— 
Pacific Life Ins. Co.2.54%(1)— 
Prudential Ins. Co. of America2.58%(1)— 
Royal Bank of Canada2.29%(1)— 
State Street Bank and Trust Co.2.46%(1)— 
Transamerica Life Ins. Co.2.48%(1)— 
Voya Ret. Ins. and Annuity Co.2.33%(1)— 
7-Eleven Inc0.950%, $690,000 par, due 2/10/2026 (1)604,842 
AbbVie Inc2.950%, $1,120,000 par, due 11/21/2026 (1)1,042,836 
AbbVie Inc2.600%, $3,370,000 par, due 11/21/2024 (1)3,225,521 
AbbVie Inc3.200%, $720,000 par, due 11/21/2029 (1)651,768 
AbbVie Inc3.800%, $1,170,000 par, due 3/15/2025 (1)1,141,241 
Access Group Inc 2013-14.516%, $346,712 par, due 2/25/2036 (1)339,192 
Advocate Health & Hospitals Corp2.211%, $1,555,000 par, due 6/15/2030 (1)1,278,872 
Agilent Technologies Inc2.750%, $1,020,000 par, due 9/15/2029 (1)881,860 
Agilent Technologies Inc2.100%, $650,000 par, due 6/4/2030 (1)527,490 
Alabama Federal Aid Highway Finance Authority2.256%, $1,520,000 par, due 9/1/2033 (1)1,183,259 
     40    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Alabama Power Co3.750%, $1,510,000 par, due 9/1/2027 (1)$1,449,065 
Albemarle Corp4.650%, $420,000 par, due 6/1/2027 (1)410,304 
Albemarle Corp5.050%, $640,000 par, due 6/1/2032 (1)605,165 
Alexandria Real Estate Equities Inc2.000%, $410,000 par, due 5/18/2032 (1)315,153 
Alexandria Real Estate Equities Inc2.950%, $510,000 par, due 3/15/2034 (1)414,605 
Alexandria Real Estate Equities Inc3.450%, $1,600,000 par, due 4/30/2025 (1)1,548,504 
Alexandria Real Estate Equities Inc3.800%, $1,010,000 par, due 4/15/2026 (1)978,138 
Alexandria Real Estate Equities Inc4.300%, $780,000 par, due 1/15/2026 (1)760,546 
Alliant Energy Finance LLC3.750%, $884,000 par, due 6/15/2023 (1)877,860 
American Express Co2.550%, $1,920,000 par, due 3/4/2027 (1)1,748,442 
American Express Co4.050%, $680,000 par, due 5/3/2029 (1)648,884 
American Express Co1.650%, $1,440,000 par, due 11/4/2026 (1)1,277,516 
American Express Co4.420%, $780,000 par, due 8/3/2033 (1)739,370 
American Honda Finance Corp2.250%, $1,990,000 par, due 1/12/2029 (1)1,712,936 
Amphenol Corp4.350%, $440,000 par, due 6/1/2029 (1)421,356 
Amphenol Corp3.200%, $218,000 par, due 4/1/2024 (1)213,203 
Amphenol Corp2.200%, $850,000 par, due 9/15/2031 (1)675,734 
Analog Devices Inc3.450%, $310,000 par, due 6/15/2027 (1)292,381 
Anglo American Capital PLC2.250%, $340,000 par, due 3/17/2028 (1)286,432 
Anglo American Capital PLC3.625%, $200,000 par, due 9/11/2024 (1)193,588 
Anglo American Capital PLC4.875%, $1,240,000 par, due 5/14/2025 (1)1,217,870 
Anheuser-Busch InBev Worldwide Inc4.750%, $1,200,000 par, due 1/23/2029 (1)1,187,244 
Aon Corp3.750%, $730,000 par, due 5/2/2029 (1)675,365 
Aon Corp / Aon Global Holdings PLC2.850%, $660,000 par, due 5/28/2027 (1)607,160 
Archer-Daniels-Midland Co3.250%, $970,000 par, due 3/27/2030 (1)877,365 
Ascension Health2.532%, $2,498,000 par, due 11/15/2029 (1)2,147,036 
AT&T Inc2.250%, $2,730,000 par, due 2/1/2032 (1)2,147,825 
AT&T Inc4.500%, $870,000 par, due 5/15/2035 (1)792,230 
AT&T Inc5.915%, $320,000 par, due 6/12/2024 (1)322,287 
AT&T Inc1.700%, $2,140,000 par, due 3/25/2026 (1)1,931,611 
Atmos Energy Corp2.625%, $1,360,000 par, due 9/15/2029 (1)1,182,646 
BAE Systems Holdings Inc3.800%, $1,000,000 par, due 10/7/2024 (1)976,919 
BAE Systems Holdings Inc3.850%, $1,200,000 par, due 12/15/2025 (1)1,158,014 
BANK 2017-BNK53.390%, $2,230,000 par, due 6/15/2060 (1)2,060,096 
BANK 2017-BNK63.518%, $1,800,000 par, due 7/15/2060 (1)1,673,797 
BANK 2017-BNK83.229%, $1,486,250 par, due 11/15/2050 (1)1,358,759 
BANK 2018-BNK113.784%, $3,560,000 par, due 3/15/2061 (1)3,334,609 
Bank of America Commercial Mtg Trust 2017-BNK33.311%, $2,078,080 par, due 2/15/2050 (1)1,931,669 
Bank of America Corp1.319%, $2,020,000 par, due 6/19/2026 (1)1,822,735 
Bank of America Corp3.864%, $193,000 par, due 7/23/2024 (1)191,253 
Bank of America Corp1.530%, $2,770,000 par, due 12/6/2025 (1)2,556,389 
Bank of America Corp1.197%, $1,510,000 par, due 10/24/2026 (1)1,343,059 
Bank of America Corp2.456%, $620,000 par, due 10/22/2025 (1)586,095 
Bank of America Corp4.948%, $820,000 par, due 7/22/2028 (1)802,060 
Bank of America Corp1.734%, $3,220,000 par, due 7/22/2027 (1)2,822,790 
Bank of America Corp4.571%, $2,210,000 par, due 4/27/2033 (1)2,029,761 
Bank of America Corp2.551%, $1,200,000 par, due 2/4/2028 (1)1,067,328 
Bank of America Corp4.271%, $2,180,000 par, due 7/23/2029 (1)2,036,543 
Bank of America Corp2.015%, $1,740,000 par, due 2/13/2026 (1)1,614,000 
Bank of Montreal4.700%, $970,000 par, due 9/14/2027 (1)961,502 
Bank of Montreal1.250%, $1,245,000 par, due 9/15/2026 (1)1,089,269 
Bank of Montreal3.700%, $60,000 par, due 6/7/2025 (1)58,267 
Bank of Montreal2.650%, $1,230,000 par, due 3/8/2027 (1)1,124,979 
Bank of New York Mellon Corp/The2.050%, $1,190,000 par, due 1/26/2027 (1)1,070,548 
Bank of New York Mellon Corp/The5.802%, $970,000 par, due 10/25/2028 (1)1,001,477 
Bank of New York Mellon Corp/The3.850%, $1,400,000 par, due 4/28/2028 (1)1,345,067 
Bank of New York Mellon Corp/The4.596%, $940,000 par, due 7/26/2030 (1)909,373 
Bank of Nova Scotia/The2.200%, $2,300,000 par, due 2/3/2025 (1)2,167,867 
Bank of Nova Scotia/The4.500%, $210,000 par, due 12/16/2025 (1)206,002 
Bank of Nova Scotia/The1.950%, $760,000 par, due 2/2/2027 (1)677,466 
Baxter International Inc1.322%, $1,370,000 par, due 11/29/2024 (1)1,275,789 
Baxter International Inc1.915%, $2,120,000 par, due 2/1/2027 (1)1,881,886 
Baxter International Inc3.950%, $385,000 par, due 4/1/2030 (1)351,448 
Bayer US Finance II LLC4.375%, $1,200,000 par, due 12/15/2028 (1)1,131,288 
Bayer US Finance II LLC4.250%, $790,000 par, due 12/15/2025 (1)766,279 
Bayer US Finance II LLC3.875%, $556,000 par, due 12/15/2023 (1)547,920 
     41    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
BBCMS Mortgage Trust 2018-C24.047%, $1,735,000 par, due 12/15/2051 (1)$1,635,135 
BBCMS Mortgage Trust 2018-C24.314%, $2,040,000 par, due 12/15/2051 (1)1,945,909 
Becton Dickinson and Co4.298%, $100,000 par, due 8/22/2032 (1)94,015 
Becton Dickinson and Co2.823%, $640,000 par, due 5/20/2030 (1)550,822 
Benchmark 2018-B8 Mortgage Trust4.232%, $1,896,000 par, due 1/15/2052 (1)1,811,753 
Black Hills Corp4.250%, $710,000 par, due 11/30/2023 (1)705,963 
Black Hills Corp3.150%, $1,544,000 par, due 1/15/2027 (1)1,429,866 
BMW US Capital LLC1.250%, $700,000 par, due 8/12/2026 (1)612,796 
BNP Paribas SA4.400%, $1,510,000 par, due 8/14/2028 (1)1,432,585 
BNP Paribas SA4.705%, $1,283,000 par, due 1/10/2025 (1)1,270,524 
BNP Paribas SA2.591%, $700,000 par, due 1/20/2028 (1)616,637 
BNP Paribas Sec Corp1.675%, $810,000 par, due 6/30/2027 (1)705,776 
Boeing Co/The5.040%, $270,000 par, due 5/1/2027 (1)267,320 
Boeing Co/The5.150%, $1,780,000 par, due 5/1/2030 (1)1,741,390 
Boeing Co/The2.700%, $1,420,000 par, due 2/1/2027 (1)1,283,471 
Boston Properties LP2.750%, $1,150,000 par, due 10/1/2026 (1)1,036,846 
Boston Properties LP3.125%, $165,000 par, due 9/1/2023 (1)162,416 
Boston Properties LP3.650%, $1,550,000 par, due 2/1/2026 (1)1,469,972 
BP Capital Markets America Inc2.721%, $1,430,000 par, due 1/12/2032 (1)1,202,200 
BPCE SA4.750%, $1,600,000 par, due 7/19/2027 (1)1,558,133 
BPR Trust 2022-OANA6.234%, $4,330,000 par, due 4/15/2037 (1)4,226,067 
Brazos Education Loan Authority5.089%, $2,434,877 par, due 1/25/2072 (1)2,379,717 
Brazos Education Loan Authority Inc4.969%, $4,461,442 par, due 11/25/2071 (1)4,346,176 
BX Commercial Mortgage Trust 2021-VOLT5.018%, $2,565,000 par, due 9/15/2036 (1)2,470,790 
BX Trust 2022-IND5.817%, $4,644,594 par, due 4/15/2037 (1)4,545,682 
Campbell Union High School District2.312%, $1,430,000 par, due 8/1/2035 (1)1,059,830 
Canadian Natural Resources Ltd3.850%, $730,000 par, due 6/1/2027 (1)689,121 
Canadian Pacific Railway Co2.900%, $460,000 par, due 2/1/2025 (1)439,781 
Canadian Pacific Railway Co1.750%, $1,090,000 par, due 12/2/2026 (1)972,715 
Capital One Financial Corp5.268%, $790,000 par, due 5/10/2033 (1)736,252 
Capital One Financial Corp3.273%, $740,000 par, due 3/1/2030 (1)634,023 
Capital One Financial Corp4.985%, $650,000 par, due 7/24/2026 (1)637,131 
Capital One Financial Corp1.878%, $1,595,000 par, due 11/2/2027 (1)1,389,700 
Capital One NA2.280%, $930,000 par, due 1/28/2026 (1)868,914 
Cargill Inc2.125%, $1,755,000 par, due 4/23/2030 (1)1,449,346 
Cargill Inc5.125%, $635,000 par, due 10/11/2032 (1)637,765 
Carrier Global Corp2.493%, $2,870,000 par, due 2/15/2027 (1)2,590,743 
CD 2017-CD5 Mortgage Trust3.171%, $3,510,000 par, due 8/15/2050 (1)3,196,764 
Cedars-Sinai Health System2.288%, $2,500,000 par, due 8/15/2031 (1)2,011,883 
CenterPoint Energy Houston Electric LLC4.450%, $1,580,000 par, due 10/1/2032 (1)1,529,149 
CGMS Commercial Mortgage Trust 2017-B13.458%, $4,219,746 par, due 8/15/2050 (1)3,870,208 
Charles Schwab Corp/The2.900%, $640,000 par, due 3/3/2032 (1)545,875 
Charter Communications Operating LLC4.400%, $1,100,000 par, due 4/1/2033 (1)944,576 
Cherokee County Board of Education5.626%, $1,000,000 par, due 8/1/2028 (1)1,027,350 
Children's Hospital Medical Center/Cincinnati OH2.853%, $1,775,000 par, due 11/15/2026 (1)1,592,853 
CHRISTUS Health4.341%, $1,500,000 par, due 7/1/2028 (1)1,427,807 
Cigna Corp3.750%, $375,000 par, due 7/15/2023 (1)372,515 
Cintas Corp No 23.700%, $75,000 par, due 4/1/2027 (1)72,401 
Citigroup Commercial Mortgage Trust 2018-B24.009%, $2,710,000 par, due 3/10/2051 (1)2,541,958 
Citigroup Inc3.520%, $500,000 par, due 10/27/2028 (1)456,935 
Citigroup Inc4.910%, $1,580,000 par, due 5/24/2033 (1)1,484,517 
Citigroup Inc3.668%, $880,000 par, due 7/24/2028 (1)810,174 
Citigroup Inc3.352%, $1,144,000 par, due 4/24/2025 (1)1,108,417 
Citigroup Inc4.044%, $1,325,000 par, due 6/1/2024 (1)1,316,319 
Citigroup Inc2.572%, $2,050,000 par, due 6/3/2031 (1)1,662,944 
Citigroup Inc3.070%, $4,220,000 par, due 2/24/2028 (1)3,809,837 
Citigroup Inc0.981%, $910,000 par, due 5/1/2025 (1)851,763 
Citizens Bank NA/Providence RI4.575%, $1,870,000 par, due 8/9/2028 (1)1,808,139 
Citizens Bank NA/Providence RI3.750%, $260,000 par, due 2/18/2026 (1)249,514 
Citizens Bank NA/Providence RI3.700%, $1,720,000 par, due 3/29/2023 (1)1,715,315 
City & County of Honolulu HI3.753%, $425,000 par, due 9/1/2030 (1)395,769 
City of Atlanta GA2.288%, $2,445,000 par, due 12/1/2033 (1)1,911,501 
City of Chandler AZ Excise Tax Revenue2.007%, $1,840,000 par, due 7/1/2030 (1)1,509,407 
City of Chicago IL6.050%, $5,000 par, due 1/1/2023 (1)5,000 
City of Chicago IL6.050%, $140,000 par, due 1/1/2029 (1)138,254 
City of Houston TX3.725%, $735,000 par, due 3/1/2030 (1)675,641 
     42    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
City of Phoenix Civic Improvement Corp1.455%, $835,000 par, due 7/1/2028 (1)$703,813 
City of Worcester MA6.250%, $905,000 par, due 1/1/2028 (1)922,177 
CLEVELAND CLINIC HEALTH SYSTEM2.885%, $3,475,000 par, due 1/1/2032 (1)2,895,092 
Clorox Co/The3.900%, $190,000 par, due 5/15/2028 (1)181,398 
Clorox Co/The3.100%, $1,200,000 par, due 10/1/2027 (1)1,109,394 
Clovis Unified School District2.228%, $2,620,000 par, due 8/1/2030 (1)2,163,622 
CNH Industrial NV3.850%, $2,400,000 par, due 11/15/2027 (1)2,251,601 
Coast Community College District2.788%, $3,610,000 par, due 8/1/2033 (1)2,965,976 
Comcast Corp3.400%, $750,000 par, due 4/1/2030 (1)685,242 
Comcast Corp3.950%, $1,570,000 par, due 10/15/2025 (1)1,538,889 
Comcast Corp3.150%, $2,130,000 par, due 2/15/2028 (1)1,968,557 
Comerica Inc3.700%, $844,000 par, due 7/31/2023 (1)837,774 
COMM 2013-CCRE11 Mortgage Trust4.258%, $3,900,000 par, due 8/10/2050 (1)3,856,975 
Comm 2013-CCRE13 Mortgage Trust4.194%, $990,000 par, due 11/10/2046 (1)972,634 
COMM 2013-CCRE7 Mortgage Trust3.213%, $318,018 par, due 3/10/2046 (1)315,899 
COMM 2013-CCRE8 Mortgage Trust3.612%, $1,798,850 par, due 6/10/2046 (1)1,787,433 
COMM 2014-CCRE17 Mortgage Trust3.977%, $2,355,000 par, due 5/10/2047 (1)2,297,359 
COMM 2014-CCRE18 Mortgage Trust3.828%, $4,505,000 par, due 7/15/2047 (1)4,371,490 
COMM 2014-CCRE19 Mortgage Trust3.796%, $2,420,133 par, due 8/10/2047 (1)2,341,082 
COMM 2014-CR14 Mortgage Trust4.236%, $6,235,000 par, due 2/10/2047 (1)6,128,450 
Commonwealth Bank of Australia2.552%, $2,240,000 par, due 3/14/2027 (1)2,035,647 
Commonwealth Edison Co3.150%, $1,240,000 par, due 3/15/2032 (1)1,087,068 
Commonwealth Edison Co3.700%, $2,254,000 par, due 8/15/2028 (1)2,125,215 
Commonwealth of Massachusetts1.520%, $1,350,000 par, due 11/1/2030 (1)1,071,738 
Commonwealth of Massachusetts3.769%, $2,875,000 par, due 7/15/2029 (1)2,711,499 
Commonwealth of Massachusetts1.670%, $1,125,000 par, due 11/1/2031 (1)873,506 
Consumers Energy Co3.800%, $1,600,000 par, due 11/15/2028 (1)1,521,242 
Cooperatieve Rabobank UA1.004%, $870,000 par, due 9/24/2026 (1)769,242 
Cooperatieve Rabobank UA3.649%, $590,000 par, due 4/6/2028 (1)544,361 
Cooperative Rabobank UA1.980%, $3,080,000 par, due 12/15/2027 (1)2,681,568 
Corebridge Global Funding0.900%, $2,020,000 par, due 9/22/2025 (1)1,804,300 
Coterra Energy Inc3.900%, $640,000 par, due 5/15/2027 (1)598,456 
County of Bexar TX2.171%, $2,090,000 par, due 6/15/2032 (1)1,655,134 
County of Lee FL Water & Sewer Revenue2.416%, $2,140,000 par, due 10/1/2028 (1)1,880,996 
County of Spokane WA2.728%, $950,000 par, due 12/1/2031 (1)794,020 
County of Spokane WA2.828%, $875,000 par, due 12/1/2032 (1)722,059 
Credit Suisse Group AG3.869%, $340,000 par, due 1/12/2029 (1)272,969 
Credit Suisse Group AG1.305%, $410,000 par, due 2/2/2027 (1)327,460 
Credit Suisse Group AG2.593%, $640,000 par, due 9/11/2025 (1)566,049 
Credit Suisse Group AG4.207%, $950,000 par, due 6/12/2024 (1)926,352 
CRH America Finance Inc3.950%, $1,070,000 par, due 4/4/2028 (1)1,003,880 
CRH America Finance Inc3.400%, $410,000 par, due 5/9/2027 (1)380,566 
CRH America Inc3.875%, $740,000 par, due 5/18/2025 (1)714,378 
CSAIL 2018-C14 Commercial Mortgage Trust4.422%, $1,850,000 par, due 11/15/2051 (1)1,750,459 
CubeSmart LP2.250%, $460,000 par, due 12/15/2028 (1)379,877 
CVS Health Corp1.300%, $2,530,000 par, due 8/21/2027 (1)2,144,808 
CVS Health Corp4.300%, $421,000 par, due 3/25/2028 (1)407,898 
CVS Health Corp3.000%, $400,000 par, due 8/15/2026 (1)374,087 
Daimler Trucks Finance North America LLC3.650%, $820,000 par, due 4/7/2027 (1)767,614 
Daimler Trucks Finance North America LLC2.000%, $2,000,000 par, due 12/14/2026 (1)1,764,348 
Danone SA2.589%, $1,760,000 par, due 11/2/2023 (1)1,723,251 
Denver City & County School District No 13.587%, $1,255,000 par, due 12/1/2032 (1)1,107,199 
Diageo Capital PLC2.000%, $620,000 par, due 4/29/2030 (1)510,744 
Diageo Capital PLC5.300%, $1,110,000 par, due 10/24/2027 (1)1,135,199 
Digital Realty Trust LP4.450%, $1,120,000 par, due 7/15/2028 (1)1,061,056 
Digital Realty Trust LP5.550%, $640,000 par, due 1/15/2028 (1)645,259 
Dominion Energy South Carolina Inc2.300%, $930,000 par, due 12/1/2031 (1)752,722 
DTE Electric Co2.625%, $950,000 par, due 3/1/2031 (1)809,674 
DTE Electric Co3.000%, $1,520,000 par, due 3/1/2032 (1)1,314,060 
DTE Electric Co2.250%, $220,000 par, due 3/1/2030 (1)185,399 
Duke Energy Carolinas LLC2.850%, $580,000 par, due 3/15/2032 (1)492,620 
Duke Energy Carolinas LLC2.550%, $1,230,000 par, due 4/15/2031 (1)1,030,437 
Duke Energy Florida LLC2.400%, $730,000 par, due 12/15/2031 (1)597,987 
Duke Energy Progress LLC3.700%, $730,000 par, due 9/1/2028 (1)686,918 
Duke Energy Progress LLC3.450%, $350,000 par, due 3/15/2029 (1)322,970 
Duke Energy Progress LLC2.000%, $2,020,000 par, due 8/15/2031 (1)1,601,658 
     43    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Duke University3.199%, $2,000,000 par, due 10/1/2038 (1)$1,633,298 
Duke University Health System Inc2.552%, $2,674,000 par, due 6/1/2029 (1)2,243,810 
DuPont de Nemours Inc4.493%, $770,000 par, due 11/15/2025 (1)757,869 
DuPont de Nemours Inc4.725%, $2,610,000 par, due 11/15/2028 (1)2,578,429 
East Ohio Gas Co/The1.300%, $617,000 par, due 6/15/2025 (1)559,622 
Eaton Corp4.150%, $340,000 par, due 3/15/2033 (1)316,799 
ECMC Group Student Loan Trust 2021-14.959%, $2,142,422 par, due 11/25/2070 (1)2,040,070 
Ecolab Inc5.250%, $590,000 par, due 1/15/2028 (1)602,094 
EdLinc Student Loan Funding Trust 2012-15.389%, $53,950 par, due 9/25/2030 (1)53,854 
Edsouth Indenture No 2 LLC5.539%, $14,788 par, due 9/25/2040 (1)14,776 
Edsouth Indenture No 3 LLC5.119%, $244,535 par, due 4/25/2039 (1)241,604 
Edu Fund of South5.008%, $295,407 par, due 4/25/2035 (1)293,925 
Edu Fund of South5.094%, $1,153,713 par, due 3/25/2036 (1)1,145,339 
EMD Finance LLC3.250%, $2,210,000 par, due 3/19/2025 (1)2,119,383 
Emerson Electric Co1.950%, $455,000 par, due 10/15/2030 (1)369,275 
Emerson Electric Co2.000%, $2,975,000 par, due 12/21/2028 (1)2,532,933 
Enbridge Inc3.700%, $620,000 par, due 7/15/2027 (1)581,300 
Enbridge Inc4.250%, $460,000 par, due 12/1/2026 (1)442,771 
Entergy Arkansas LLC4.000%, $1,300,000 par, due 6/1/2028 (1)1,236,006 
Entergy Arkansas LLC3.050%, $1,537,000 par, due 6/1/2023 (1)1,525,314 
Entergy Arkansas LLC3.500%, $1,610,000 par, due 4/1/2026 (1)1,546,920 
Enterprise Products Operating LLC3.750%, $420,000 par, due 2/15/2025 (1)408,647 
Enterprise Products Operating LLC2.800%, $880,000 par, due 1/31/2030 (1)750,627 
Enterprise Products Operating LLC4.150%, $1,400,000 par, due 10/16/2028 (1)1,328,055 
Equifax Inc2.600%, $730,000 par, due 12/1/2024 (1)697,443 
Equifax Inc2.350%, $690,000 par, due 9/15/2031 (1)537,252 
Equifax Inc3.950%, $905,000 par, due 6/15/2023 (1)899,831 
Equifax Inc5.100%, $500,000 par, due 12/15/2027 (1)494,348 
Equinor ASA3.000%, $990,000 par, due 4/6/2027 (1)924,834 
Equinor ASA1.750%, $200,000 par, due 1/22/2026 (1)182,984 
ERP Operating LP4.150%, $1,240,000 par, due 12/1/2028 (1)1,159,059 
Ethiopian Leasing 2012 LLC2.646%, $647,388 par, due 5/12/2026 (1)619,711 
Ethiopian Leasing 2012 LLC2.566%, $426,686 par, due 8/14/2026 (1)400,075 
Evergy Kansas Central Inc3.100%, $2,600,000 par, due 4/1/2027 (1)2,414,058 
Evergy Metro Inc2.250%, $1,080,000 par, due 6/1/2030 (1)891,148 
Evergy Missouri West Inc5.150%, $420,000 par, due 12/15/2027 (1)419,106 
Exelon Corp2.750%, $430,000 par, due 3/15/2027 (1)394,831 
EXIM Bank of the United States1.732%, $1,119,871 par, due 9/18/2024 (1)1,085,386 
Experian Finance PLC4.250%, $1,300,000 par, due 2/1/2029 (1)1,207,408 
Extra Space Storage LP3.900%, $350,000 par, due 4/1/2029 (1)314,309 
Fannie Mae Grantor Trust 2002-T167.000%, $46,223 par, due 7/25/2042 (1)48,705 
Fannie Mae Grantor Trust 2002-T187.000%, $21,424 par, due 8/25/2042 (1)22,805 
Fannie Mae Grantor Trust 2004-T36.000%, $120,553 par, due 2/25/2044 (1)121,496 
Fannie Mae Pool2.500%, $542,863 par, due 6/1/2031 (1)508,230 
Fannie Mae Pool2.889%, $17,517 par, due 4/1/2044 (1)16,697 
Fannie Mae Pool2.590%, $5,010,000 par, due 12/1/2030 (1)4,380,338 
Fannie Mae Pool5.000%, $935,360 par, due 3/1/2036 (1)956,019 
Fannie Mae Pool4.500%, $1,699,511 par, due 6/1/2056 (1)1,681,748 
Fannie Mae Pool3.500%, $24,944,000 par, due 10/1/2029 (1)23,665,146 
Fannie Mae Pool3.580%, $3,480,000 par, due 1/1/2026 (1)3,371,299 
Fannie Mae Pool2.885%, $3,590,000 par, due 5/1/2029 (1)3,296,586 
Fannie Mae Pool5.000%, $290,765 par, due 10/1/2035 (1)297,187 
Fannie Mae Pool3.653%, $34,610 par, due 7/1/2035 (1)35,242 
Fannie Mae Pool4.000%, $341,316 par, due 1/1/2041 (1)324,835 
Fannie Mae Pool5.000%, $146,852 par, due 9/1/2033 (1)150,089 
Fannie Mae Pool3.000%, $1,209,468 par, due 12/1/2049 (1)1,074,128 
Fannie Mae Pool4.000%, $4,619,903 par, due 8/1/2051 (1)4,373,149 
Fannie Mae Pool2.080%, $3,055,000 par, due 10/1/2026 (1)2,793,944 
Fannie Mae Pool1.990%, $6,300,000 par, due 2/1/2029 (1)5,527,217 
Fannie Mae Pool5.000%, $461,053 par, due 6/1/2035 (1)471,227 
Fannie Mae Pool3.321%, $73,503 par, due 7/1/2035 (1)72,424 
Fannie Mae Pool3.142%, $212,411 par, due 5/1/2044 (1)214,049 
Fannie Mae Pool6.000%, $27,250 par, due 9/1/2038 (1)27,354 
Fannie Mae Pool2.241%, $32,378 par, due 3/1/2042 (1)32,128 
Fannie Mae Pool3.070%, $1,143,451 par, due 2/1/2026 (1)1,088,891 
Fannie Mae Pool2.866%, $54,034 par, due 11/1/2041 (1)51,488 
     44    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Fannie Mae Pool1.980%, $5,392,626 par, due 6/1/2030 (1)$4,645,397 
Fannie Mae Pool4.000%, $1,677,339 par, due 7/1/2056 (1)1,608,561 
Fannie Mae Pool3.000%, $860,470 par, due 1/1/2035 (1)808,229 
Fannie Mae Pool3.843%, $54,660 par, due 8/1/2034 (1)55,564 
Fannie Mae Pool3.000%, $706,993 par, due 3/1/2033 (1)665,669 
Fannie Mae Pool3.776%, $13,261 par, due 4/1/2037 (1)13,266 
Fannie Mae Pool3.327%, $994,341 par, due 11/1/2026 (1)954,057 
Fannie Mae Pool2.083%, $38,836 par, due 1/1/2041 (1)39,181 
Fannie Mae Pool5.000%, $218,563 par, due 11/1/2033 (1)223,386 
Fannie Mae Pool2.107%, $109,826 par, due 3/1/2044 (1)109,575 
Fannie Mae Pool2.500%, $1,656,561 par, due 12/1/2034 (1)1,526,900 
Fannie Mae Pool3.712%, $29,069 par, due 1/1/2035 (1)29,258 
Fannie Mae Pool2.500%, $615,412 par, due 9/1/2034 (1)567,269 
Fannie Mae Pool1.390%, $2,050,000 par, due 11/1/2028 (1)1,729,694 
Fannie Mae Pool2.760%, $1,305,073 par, due 5/1/2025 (1)1,247,943 
Fannie Mae Pool1.390%, $1,240,000 par, due 11/1/2028 (1)1,042,216 
Fannie Mae Pool5.000%, $9,514,214 par, due 10/1/2052 (1)9,478,193 
Fannie Mae Pool3.456%, $197,468 par, due 11/1/2048 (1)192,767 
Fannie Mae Pool2.500%, $6,869,255 par, due 1/1/2052 (1)5,865,670 
Fannie Mae Pool3.325%, $10,287 par, due 1/1/2037 (1)10,365 
Fannie Mae Pool3.724%, $141,604 par, due 5/1/2036 (1)138,385 
Fannie Mae Pool2.590%, $4,438,000 par, due 3/1/2029 (1)3,987,095 
Fannie Mae Pool5.500%, $60,932 par, due 4/1/2036 (1)63,135 
Fannie Mae Pool5.500%, $481,843 par, due 4/1/2033 (1)495,780 
Fannie Mae Pool5.500%, $7,318,339 par, due 10/1/2052 (1)7,453,341 
Fannie Mae Pool2.840%, $2,798,368 par, due 1/1/2027 (1)2,624,665 
Fannie Mae Pool3.000%, $506,510 par, due 7/1/2032 (1)476,936 
Fannie Mae Pool2.500%, $493,114 par, due 6/1/2031 (1)461,607 
Fannie Mae Pool2.078%, $206,101 par, due 3/1/2044 (1)205,625 
Fannie Mae Pool2.270%, $2,190,000 par, due 4/1/2029 (1)1,940,344 
Fannie Mae Pool4.500%, $2,982,766 par, due 6/1/2056 (1)2,951,588 
Fannie Mae Pool3.000%, $279,277 par, due 2/1/2031 (1)266,887 
Fannie Mae Pool3.500%, $131,655 par, due 8/1/2032 (1)124,280 
Fannie Mae Pool4.000%, $1,735,958 par, due 11/1/2040 (1)1,652,117 
Fannie Mae Pool2.500%, $442,901 par, due 6/1/2031 (1)414,638 
Fannie Mae Pool2.500%, $1,018,020 par, due 10/1/2034 (1)938,403 
Fannie Mae Pool2.945%, $171,575 par, due 4/1/2036 (1)170,593 
Fannie Mae Pool4.000%, $2,563,410 par, due 4/1/2041 (1)2,439,630 
Fannie Mae Pool3.855%, $13,341 par, due 5/1/2036 (1)13,482 
Fannie Mae Pool3.500%, $434,624 par, due 4/1/2046 (1)404,365 
Fannie Mae Pool3.500%, $1,374,062 par, due 11/1/2046 (1)1,266,098 
Fannie Mae Pool3.300%, $1,850,668 par, due 3/1/2026 (1)1,776,854 
Fannie Mae Pool4.000%, $19,493,486 par, due 6/1/2052 (1)18,440,780 
Fannie Mae Pool3.000%, $478,174 par, due 1/1/2035 (1)449,131 
Fannie Mae Pool4.500%, $2,497,240 par, due 1/1/2051 (1)2,449,799 
Fannie Mae Pool4.000%, $615,143 par, due 11/1/2045 (1)591,567 
Fannie Mae Pool3.668%, $16,866 par, due 7/1/2035 (1)17,014 
Fannie Mae Pool4.500%, $1,908,595 par, due 9/1/2052 (1)1,849,100 
Fannie Mae Pool4.500%, $1,169,696 par, due 6/1/2056 (1)1,158,917 
Fannie Mae Pool4.000%, $1,362,496 par, due 6/1/2056 (1)1,306,624 
Fannie Mae Pool4.500%, $1,001,427 par, due 11/1/2048 (1)980,700 
Fannie Mae Pool3.987%, $74,936 par, due 3/1/2034 (1)76,017 
Fannie Mae Pool4.500%, $16,214,548 par, due 10/1/2052 (1)15,744,261 
Fannie Mae Pool3.000%, $558,461 par, due 5/1/2031 (1)534,754 
Fannie Mae Pool4.000%, $2,531,803 par, due 7/1/2056 (1)2,427,992 
Fannie Mae Pool3.000%, $756,015 par, due 1/1/2035 (1)710,110 
Fannie Mae Pool2.500%, $1,341,497 par, due 10/1/2034 (1)1,236,673 
Fannie Mae Pool2.500%, $494,279 par, due 6/1/2031 (1)462,690 
Fannie Mae Pool3.325%, $637,359 par, due 12/1/2027 (1)607,753 
Fannie Mae REMIC Trust 2005-W16.500%, $100,444 par, due 10/25/2044 (1)104,286 
Fannie Mae REMICS5.500%, $140,759 par, due 4/25/2035 (1)142,902 
Fannie Mae Trust 2003-W66.500%, $54,669 par, due 9/25/2042 (1)55,901 
Fannie Mae Trust 2003-W87.000%, $8,785 par, due 10/25/2042 (1)9,037 
Fannie Mae Trust 2004-W27.000%, $48,932 par, due 2/25/2044 (1)51,095 
Federal Realty Investment Trust2.750%, $1,632,000 par, due 6/1/2023 (1)1,613,789 
FedEx Corp4.200%, $1,104,000 par, due 10/17/2028 (1)1,050,625 
     45    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
FedEx Corp4.250%, $1,170,000 par, due 5/15/2030 (1)$1,103,475 
Fidelity National Information Services Inc4.700%, $650,000 par, due 7/15/2027 (1)635,088 
Fifth Third Bancorp2.375%, $730,000 par, due 1/28/2025 (1)692,302 
Fifth Third Bancorp4.772%, $1,510,000 par, due 7/28/2030 (1)1,443,260 
Fifth Third Bancorp4.055%, $630,000 par, due 4/25/2028 (1)598,187 
Fifth Third Bancorp4.337%, $260,000 par, due 4/25/2033 (1)238,359 
Fiserv Inc3.200%, $570,000 par, due 7/1/2026 (1)534,068 
Fiserv Inc3.800%, $1,630,000 par, due 10/1/2023 (1)1,612,557 
Fiserv Inc2.750%, $390,000 par, due 7/1/2024 (1)375,634 
Florida Gas Transmission Co LLC4.350%, $1,780,000 par, due 7/15/2025 (1)1,731,128 
FMC Corp3.450%, $670,000 par, due 10/1/2029 (1)592,582 
FMC Corp4.100%, $1,000,000 par, due 2/1/2024 (1)986,265 
FN DUS 4.21 Multifam FWD FEB 20234.210%, $6,580,000 par, due 2/1/2028 (1)6,590,285 
Ford Credit Auto Owner Trust1.060%, $7,395,000 par, due 4/15/2033 (1)6,627,480 
Ford Credit Auto Owner Trust 2020-REV12.040%, $3,580,000 par, due 8/15/2031 (1)3,353,905 
Ford Credit Auto Owner Trust 2021-REV11.370%, $3,705,000 par, due 10/17/2033 (1)3,312,292 
Ford Credit Auto Owner Trust 2022-REV13.880%, $3,075,000 par, due 11/15/2034 (1)2,952,089 
Fortune Brands Innovations Inc4.000%, $983,000 par, due 9/21/2023 (1)975,916 
Freddie Mac Gold Pool4.000%, $648,142 par, due 1/1/2047 (1)622,542 
Freddie Mac Gold Pool6.000%, $168,976 par, due 8/1/2038 (1)176,992 
Freddie Mac Gold Pool4.000%, $775,990 par, due 4/1/2046 (1)745,040 
Freddie Mac Gold Pool3.500%, $67,064 par, due 12/1/2025 (1)65,804 
Freddie Mac Gold Pool3.000%, $375,051 par, due 8/1/2027 (1)356,054 
Freddie Mac Gold Pool4.000%, $62,972 par, due 2/1/2026 (1)61,560 
Freddie Mac Gold Pool3.500%, $83,426 par, due 2/1/2043 (1)78,101 
Freddie Mac Gold Pool3.000%, $1,221,943 par, due 1/1/2043 (1)1,114,842 
Freddie Mac Gold Pool6.000%, $100,919 par, due 8/1/2038 (1)105,678 
Freddie Mac Gold Pool6.000%, $28,930 par, due 9/1/2038 (1)30,064 
Freddie Mac Multifam Struct PT Cert4.622%, $7,316 par, due 9/25/2023 (1)7,309 
Freddie Mac Multifamily Structured PT Certificates2.282%, $4,105,000 par, due 7/25/2026 (1)3,810,659 
Freddie Mac Non Gold Pool1.946%, $252,384 par, due 1/1/2044 (1)250,585 
Freddie Mac Non Gold Pool2.729%, $17,612 par, due 7/1/2034 (1)17,328 
Freddie Mac Non Gold Pool4.025%, $23,621 par, due 11/1/2040 (1)23,587 
Freddie Mac Non Gold Pool3.850%, $225,362 par, due 8/1/2044 (1)226,554 
Freddie Mac Non Gold Pool2.561%, $725,937 par, due 10/1/2047 (1)695,619 
Freddie Mac Non Gold Pool3.328%, $46,340 par, due 12/1/2036 (1)45,451 
Freddie Mac Non Gold Pool3.021%, $129,672 par, due 8/1/2047 (1)125,585 
Freddie Mac Non Gold Pool2.166%, $29,909 par, due 2/1/2042 (1)29,673 
Freddie Mac Non Gold Pool2.506%, $7,502,638 par, due 5/1/2052 (1)6,872,281 
Freddie Mac Non Gold Pool2.977%, $320,558 par, due 7/1/2047 (1)311,593 
Freddie Mac Pool2.500%, $9,216,448 par, due 12/1/2051 (1)7,895,040 
Freddie Mac Pool2.000%, $4,764,985 par, due 11/1/2050 (1)3,917,814 
Freddie Mac Pool3.000%, $387,025 par, due 1/1/2035 (1)363,522 
Freddie Mac Pool4.500%, $3,293,821 par, due 9/1/2052 (1)3,177,088 
Freddie Mac Pool4.000%, $4,325,508 par, due 8/1/2052 (1)4,086,217 
Freddie Mac Pool3.000%, $3,120,489 par, due 1/1/2050 (1)2,771,210 
Freddie Mac Pool2.500%, $1,495,457 par, due 12/1/2034 (1)1,378,575 
Freddie Mac Pool3.000%, $3,106,225 par, due 11/1/2049 (1)2,758,440 
Freddie Mac Pool3.000%, $3,025,142 par, due 12/1/2049 (1)2,686,411 
Freddie Mac Pool2.500%, $4,435,343 par, due 1/1/2035 (1)4,090,983 
Freddie Mac Pool3.500%, $85,643 par, due 8/1/2049 (1)78,873 
Freddie Mac Pool3.000%, $549,747 par, due 1/1/2035 (1)516,410 
Freddie Mac Pool2.500%, $6,363,503 par, due 12/1/2034 (1)5,869,759 
Freddie Mac Pool2.500%, $1,416,785 par, due 1/1/2035 (1)1,306,748 
Freddie Mac Pool3.000%, $410,738 par, due 1/1/2035 (1)385,803 
Freddie Mac Pool4.000%, $4,214,933 par, due 8/1/2052 (1)3,986,062 
Freddie Struct PT Cert7.000%, $468,944 par, due 7/25/2043 (1)495,779 
GE HealthCare Technologies Inc5.650%, $1,790,000 par, due 11/15/2027 (1)1,814,373 
GE HealthCare Technologies Inc5.857%, $530,000 par, due 3/15/2030 (1)543,633 
General Mills Inc2.875%, $895,000 par, due 4/15/2030 (1)774,425 
General Motors Financial Co Inc2.400%, $1,940,000 par, due 10/15/2028 (1)1,611,325 
General Motors Financial Co Inc4.300%, $1,270,000 par, due 4/6/2029 (1)1,139,939 
General Motors Financial Co Inc5.000%, $730,000 par, due 4/9/2027 (1)708,347 
Georgia-Pacific LLC2.100%, $675,000 par, due 4/30/2027 (1)605,631 
Georgia-Pacific LLC3.734%, $1,725,000 par, due 7/15/2023 (1)1,709,120 
Ginnie Mae II pool2.625%, $55,734 par, due 3/20/2042 (1)55,096 
     46    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Ginnie Mae II Pool4.317%, $888,965 par, due 12/20/2066 (1)$865,540 
Ginnie Mae II Pool4.607%, $1,408,878 par, due 3/20/2065 (1)1,386,359 
Ginnie Mae II pool3.701%, $1,457,554 par, due 5/20/2058 (1)1,452,132 
Ginnie Mae II Pool4.536%, $614,628 par, due 1/20/2067 (1)602,168 
Ginnie Mae II pool5.480%, $441,961 par, due 6/20/2058 (1)442,909 
Ginnie Mae II Pool4.555%, $1,909,891 par, due 1/20/2067 (1)1,874,592 
Ginnie Mae II Pool4.472%, $1,514,009 par, due 2/20/2067 (1)1,483,570 
GM Financial Revolving Receivables Trust 2021-11.170%, $2,410,000 par, due 6/12/2034 (1)2,097,030 
GM Financial Revolving Receivables Trust 2022-15.910%, $1,525,000 par, due 10/11/2035 (1)1,554,972 
GNMA4.413%, $1,043,572 par, due 12/20/2066 (1)1,030,829 
GNMA4.492%, $629,066 par, due 10/20/2065 (1)618,100 
GNMA4.842%, $2,264,903 par, due 12/20/2066 (1)2,242,157 
Goldman Sachs Group Inc/The1.542%, $2,410,000 par, due 9/10/2027 (1)2,081,635 
Goldman Sachs Group Inc/The2.640%, $2,840,000 par, due 2/24/2028 (1)2,530,488 
Goldman Sachs Group Inc/The3.272%, $1,405,000 par, due 9/29/2025 (1)1,354,528 
Goldman Sachs Group Inc/The3.850%, $1,210,000 par, due 1/26/2027 (1)1,151,702 
Goldman Sachs Group Inc/The1.948%, $3,170,000 par, due 10/21/2027 (1)2,775,487 
Goldman Sachs Group Inc/The3.615%, $1,030,000 par, due 3/15/2028 (1)958,542 
Government National Mortgage Association2.312%, $3,674,917 par, due 1/20/2069 (1)3,543,318 
GS Mortgage Securities Corp II4.155%, $2,366,207 par, due 7/10/2051 (1)2,231,814 
GS Mortgage Securities Trust 2013-GC164.271%, $2,004,000 par, due 11/10/2046 (1)1,979,527 
GS Mortgage Securities Trust 2014-GC263.629%, $6,460,000 par, due 11/10/2047 (1)6,198,209 
GS Mortgage Securities Trust 2017-GS63.164%, $2,202,910 par, due 5/10/2050 (1)2,017,051 
GS Mortgage Securities Trust 2017-GS83.205%, $4,510,000 par, due 11/10/2050 (1)4,126,781 
GSK Consumer Healthcare Capital UK PLC3.375%, $1,410,000 par, due 3/24/2027 (1)1,314,657 
Guardian Life Global Funding3.246%, $440,000 par, due 3/29/2027 (1)412,308 
Guardian Life Global Funding1.250%, $1,500,000 par, due 11/19/2027 (1)1,262,121 
Guardian Life Global Funding5.550%, $740,000 par, due 10/28/2027 (1)756,048 
Gulfstream Natural Gas System LLC6.190%, $1,510,000 par, due 11/1/2025 (1)1,513,882 
Halliburton Co3.800%, $42,000 par, due 11/15/2025 (1)40,889 
Halliburton Co2.920%, $1,730,000 par, due 3/1/2030 (1)1,488,049 
Healthpeak Properties Inc3.250%, $750,000 par, due 7/15/2026 (1)709,274 
Healthpeak Properties Inc3.500%, $580,000 par, due 7/15/2029 (1)517,921 
Healthpeak Properties Inc2.875%, $1,470,000 par, due 1/15/2031 (1)1,232,408 
Heineken NV3.500%, $960,000 par, due 1/29/2028 (1)909,683 
Helios Leasing I LLC1.562%, $158,422 par, due 9/28/2024 (1)150,173 
Hexcel Corp4.200%, $1,230,000 par, due 2/15/2027 (1)1,144,680 
Honda Motor Co Ltd2.534%, $1,450,000 par, due 3/10/2027 (1)1,326,912 
Honda Motor Co Ltd2.271%, $1,380,000 par, due 3/10/2025 (1)1,306,802 
HOUSTON TX UTILITY SYS REVENUE 3.973%, $685,000 par, due 11/15/2031 (1)634,351 
HP Inc1.450%, $1,090,000 par, due 6/17/2026 (1)957,182 
HP Inc4.000%, $1,130,000 par, due 4/15/2029 (1)1,033,709 
HP Inc4.750%, $400,000 par, due 1/15/2028 (1)388,727 
HSBC Holdings PLC4.583%, $400,000 par, due 6/19/2029 (1)368,943 
HSBC Holdings PLC2.871%, $1,970,000 par, due 11/22/2032 (1)1,511,969 
HSBC Holdings PLC2.013%, $2,200,000 par, due 9/22/2028 (1)1,841,765 
HSBC Holdings PLC4.292%, $2,280,000 par, due 9/12/2026 (1)2,185,163 
HSBC Holdings PLC4.755%, $540,000 par, due 6/9/2028 (1)511,156 
HSBC Holdings PLC3.803%, $2,187,000 par, due 3/11/2025 (1)2,126,722 
Huntington Bancshares Inc/OH4.443%, $730,000 par, due 8/4/2028 (1)692,772 
Huntington National Bank/The3.550%, $1,511,000 par, due 10/6/2023 (1)1,494,909 
Huntington National Bank/The4.552%, $960,000 par, due 5/17/2028 (1)927,220 
Huntington National Bank/The5.650%, $600,000 par, due 1/10/2030 (1)603,326 
Ingredion Inc2.900%, $740,000 par, due 6/1/2030 (1)628,905 
Ingredion Inc3.200%, $600,000 par, due 10/1/2026 (1)562,044 
Intel Corp3.900%, $1,140,000 par, due 3/25/2030 (1)1,068,669 
Intel Corp4.000%, $1,780,000 par, due 8/5/2029 (1)1,696,078 
International Business Machines Corp4.150%, $2,190,000 par, due 7/27/2027 (1)2,137,497 
Interstate Power and Light Co4.100%, $1,200,000 par, due 9/26/2028 (1)1,144,764 
Interstate Power and Light Co3.250%, $870,000 par, due 12/1/2024 (1)839,632 
IPALCO ENTERPRISES INC3.700%, $500,000 par, due 9/1/2024 (1)484,724 
Jackson National Life Global Funding2.650%, $1,470,000 par, due 6/21/2024 (1)1,404,250 
John Deere Capital Corp4.150%, $1,350,000 par, due 9/15/2027 (1)1,323,572 
Johns Hopkins Health System Corp/The2.420%, $1,935,000 par, due 1/1/2030 (1)1,611,847 
JPMBB Commercial Mortgage Sec Trust 2014-C243.639%, $3,400,000 par, due 11/15/2047 (1)3,269,131 
JPMBB Commercial Mortgage Sec Trust 2014-C263.494%, $2,245,000 par, due 1/15/2048 (1)2,150,521 
     47    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
JPMCC Commercial Mortgage Sec Trust 2017-JP53.723%, $1,940,000 par, due 3/15/2050 (1)$1,811,683 
JPMDB Commercial Mortgage Securities Trust 2016-C43.141%, $1,765,000 par, due 12/15/2049 (1)1,625,348 
JPMDB Commercial Mortgage Securities Trust 2017-C73.409%, $1,875,000 par, due 10/15/2050 (1)1,725,218 
JPMorgan Chase & Co0.969%, $470,000 par, due 6/23/2025 (1)438,107 
JPMorgan Chase & Co3.797%, $121,000 par, due 7/23/2024 (1)119,792 
JPMorgan Chase & Co2.301%, $1,010,000 par, due 10/15/2025 (1)952,825 
JPMorgan Chase & Co4.452%, $1,370,000 par, due 12/5/2029 (1)1,289,366 
JPMorgan Chase & Co3.782%, $770,000 par, due 2/1/2028 (1)720,400 
JPMorgan Chase & Co2.069%, $660,000 par, due 6/1/2029 (1)552,246 
JPMorgan Chase & Co3.960%, $890,000 par, due 1/29/2027 (1)849,287 
JPMorgan Chase & Co4.565%, $410,000 par, due 6/14/2030 (1)386,741 
JPMorgan Chase & Co2.947%, $1,970,000 par, due 2/24/2028 (1)1,786,114 
JPMorgan Chase & Co4.323%, $810,000 par, due 4/26/2028 (1)771,773 
JPMorgan Chase & Co1.578%, $1,620,000 par, due 4/22/2027 (1)1,425,807 
JPMorgan Chase & Co4.203%, $810,000 par, due 7/23/2029 (1)756,125 
JPMorgan Chase & Co2.182%, $2,500,000 par, due 6/1/2028 (1)2,189,300 
JPMorgan Chase & Co1.470%, $2,970,000 par, due 9/22/2027 (1)2,572,281 
JPMorgan Chase & Co4.912%, $260,000 par, due 7/25/2033 (1)248,738 
JPMorgan Chase Comml Mtg Sec Tr4.166%, $770,000 par, due 12/15/2046 (1)759,138 
JPMorgan Comm Mtg Sec Tr3.143%, $289,951 par, due 12/15/2047 (1)289,308 
Kellogg Co3.400%, $690,000 par, due 11/15/2027 (1)642,767 
Kentucky Higher Education Student Loan Corp5.437%, $3,739,826 par, due 11/25/2050 (1)3,652,801 
KeyBank NA/Cleveland OH3.400%, $1,320,000 par, due 5/20/2026 (1)1,239,440 
KeyCorp2.250%, $840,000 par, due 4/6/2027 (1)744,626 
KeyCorp4.789%, $1,390,000 par, due 6/1/2033 (1)1,317,325 
Kimco Realty Corp2.250%, $2,140,000 par, due 12/1/2031 (1)1,648,757 
Kinder Morgan Inc1.750%, $1,610,000 par, due 11/15/2026 (1)1,422,823 
King County Public Hospital District No 22.601%, $2,045,000 par, due 12/1/2034 (1)1,606,859 
KLA Corp4.100%, $170,000 par, due 3/15/2029 (1)164,435 
Lake Central Multi-District School Building Corp1.651%, $1,695,000 par, due 7/15/2028 (1)1,423,698 
Lam Research Corp4.000%, $270,000 par, due 3/15/2029 (1)257,713 
Leland Stanford Junior University/The1.289%, $975,000 par, due 6/1/2027 (1)847,753 
Lennox International Inc1.350%, $1,190,000 par, due 8/1/2025 (1)1,078,013 
Lennox International Inc1.700%, $490,000 par, due 8/1/2027 (1)420,543 
Los Angeles Community College District/CA1.806%, $1,500,000 par, due 8/1/2030 (1)1,228,665 
Louisiana Local Govt Env Fac. & Comm Dev Auth4.145%, $4,855,000 par, due 2/1/2031 (1)4,598,122 
Lowe's Cos Inc3.750%, $610,000 par, due 4/1/2032 (1)544,388 
Lowe's Cos Inc1.700%, $1,300,000 par, due 9/15/2028 (1)1,093,999 
M&T Bank Corp4.553%, $630,000 par, due 8/16/2028 (1)613,601 
M&T Bank Corp5.007%, $560,000 par, due 7/26/2023 (1)560,123 
Magellan Midstream Partners LP5.000%, $1,005,000 par, due 3/1/2026 (1)999,374 
Magellan Midstream Partners LP3.250%, $1,108,000 par, due 6/1/2030 (1)969,727 
Manhattan West 2020-1MW Mortgage Trust2.130%, $1,970,000 par, due 9/10/2039 (1)1,684,756 
Marathon Oil Corp4.400%, $1,600,000 par, due 7/15/2027 (1)1,530,235 
Marathon Petroleum Corp4.700%, $1,470,000 par, due 5/1/2025 (1)1,448,598 
Marsh & McLennan Cos Inc4.375%, $1,320,000 par, due 3/15/2029 (1)1,279,215 
Martin Marietta Materials Inc2.500%, $670,000 par, due 3/15/2030 (1)555,488 
Masco Corp2.000%, $1,790,000 par, due 10/1/2030 (1)1,391,764 
Massachusetts School Building Authority1.753%, $1,000,000 par, due 8/15/2030 (1)816,430 
Massachusetts Water Resources Authority2.390%, $3,000,000 par, due 8/1/2033 (1)2,348,490 
MassMutual Global Funding II3.400%, $4,845,000 par, due 3/8/2026 (1)4,618,399 
McCormick & Co Inc/MD3.400%, $1,230,000 par, due 8/15/2027 (1)1,146,002 
McCormick & Co Inc/MD3.150%, $2,220,000 par, due 8/15/2024 (1)2,150,117 
McDonald's Corp3.600%, $365,000 par, due 7/1/2030 (1)335,673 
McDonald's Corp3.500%, $780,000 par, due 7/1/2027 (1)741,013 
MD Comm Dev Admin Housing Rev3.500%, $145,000 par, due 9/1/2047 (1)141,608 
Mercedes-Benz Finance North America LLC2.700%, $1,640,000 par, due 6/14/2024 (1)1,584,102 
Mercedes-Benz Finance North America LLC3.350%, $150,000 par, due 2/22/2023 (1)149,444 
Mercedes-Benz Finance North America LLC2.125%, $2,040,000 par, due 3/10/2025 (1)1,919,334 
METLIFE SECURITIZATION TRUST 2019-13.750%, $609,451 par, due 4/25/2058 (1)590,392 
Metropolitan Atlanta Rapid Transit Authority2.561%, $3,445,000 par, due 7/1/2034 (1)2,676,110 
Metropolitan Life Global Funding I1.875%, $3,820,000 par, due 1/11/2027 (1)3,383,806 
Microchip Technology Inc4.333%, $1,140,000 par, due 6/1/2023 (1)1,135,117 
Mid-America Apartments LP1.100%, $160,000 par, due 9/15/2026 (1)138,551 
Mid-America Apartments LP3.950%, $420,000 par, due 3/15/2029 (1)399,252 
Mid-America Apartments LP1.700%, $550,000 par, due 2/15/2031 (1)430,249 
     48    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Missouri Higher Education Loan Authority4.957%, $1,342,311 par, due 8/25/2061 (1)$1,263,370 
Mitsubishi UFJ Financial Group Inc1.538%, $2,180,000 par, due 7/20/2027 (1)1,892,295 
Mitsubishi UFJ Financial Group Inc5.017%, $600,000 par, due 7/20/2028 (1)586,549 
Mitsubishi UFJ Financial Group Inc2.341%, $1,370,000 par, due 1/19/2028 (1)1,207,543 
Mitsubishi UFJ Financial Group Inc1.640%, $1,440,000 par, due 10/13/2027 (1)1,248,788 
Mitsubishi UFJ Financial Group Inc4.080%, $1,080,000 par, due 4/19/2028 (1)1,019,596 
MMAF Equipment Finance LLC 2017-A2.680%, $480,205 par, due 7/16/2027 (1)477,158 
MMAF Equipment Finance LLC 2018-A3.390%, $329,382 par, due 1/10/2025 (1)328,325 
MMAF Equipment Finance LLC 2019-A2.930%, $1,556,074 par, due 3/10/2026 (1)1,541,131 
MMAF Equipment Finance LLC 2019-B2.010%, $1,928,973 par, due 12/12/2024 (1)1,893,143 
MMAF Equipment Finance LLC 2022-A3.320%, $2,305,000 par, due 6/13/2044 (1)2,172,084 
MO State Higher Ed Std Asst5.353%, $103,942 par, due 5/20/2030 (1)103,916 
Mondelez International Holdings Netherlands BV1.250%, $1,100,000 par, due 9/24/2026 (1)957,297 
Mondelez International Holdings Netherlands BV2.250%, $1,315,000 par, due 9/19/2024 (1)1,251,075 
Mondelez International Inc3.000%, $1,360,000 par, due 3/17/2032 (1)1,167,457 
Monongahela Power Co4.100%, $2,137,000 par, due 4/15/2024 (1)2,101,096 
Morgan Stanley2.720%, $540,000 par, due 7/22/2025 (1)516,466 
Morgan Stanley3.875%, $940,000 par, due 1/27/2026 (1)909,348 
Morgan Stanley2.475%, $1,730,000 par, due 1/21/2028 (1)1,539,351 
Morgan Stanley4.210%, $1,550,000 par, due 4/20/2028 (1)1,476,358 
Morgan Stanley2.188%, $1,280,000 par, due 4/28/2026 (1)1,190,360 
Morgan Stanley4.431%, $610,000 par, due 1/23/2030 (1)570,897 
Morgan Stanley4.889%, $400,000 par, due 7/20/2033 (1)377,026 
Morgan Stanley3.625%, $2,465,000 par, due 1/20/2027 (1)2,327,406 
Morgan Stanley1.512%, $1,080,000 par, due 7/20/2027 (1)938,386 
Morgan Stanley1.593%, $710,000 par, due 5/4/2027 (1)623,571 
Morgan Stanley1.164%, $1,310,000 par, due 10/21/2025 (1)1,204,072 
Morgan Stanley BAML Trust3.102%, $2,170,000 par, due 5/15/2046 (1)2,153,554 
Morgan Stanley BAML Trust 2014 C193.526%, $3,020,000 par, due 12/15/2047 (1)2,893,338 
Morgan Stanley BAML Trust 2014-C154.051%, $1,155,000 par, due 4/15/2047 (1)1,131,617 
Morgan Stanley BAML Trust 2017-C333.337%, $2,550,000 par, due 5/15/2050 (1)2,354,999 
Morgan Stanley BAML Trust 2017-C343.536%, $800,000 par, due 11/15/2052 (1)740,594 
MPLX LP4.000%, $490,000 par, due 3/15/2028 (1)456,532 
MPLX LP1.750%, $810,000 par, due 3/1/2026 (1)723,019 
MPLX LP4.950%, $440,000 par, due 9/1/2032 (1)413,954 
MS State Higher Ed Asst Co5.069%, $539,643 par, due 10/25/2035 (1)530,103 
National Australia Bank Ltd1.887%, $2,350,000 par, due 1/12/2027 (1)2,089,987 
National Australia Bank Ltd/New York3.905%, $1,600,000 par, due 6/9/2027 (1)1,536,942 
National Retail Properties Inc4.300%, $650,000 par, due 10/15/2028 (1)604,157 
Nature Conservancy/The3.016%, $1,500,000 par, due 3/1/2030 (1)1,349,598 
Navient Student Loan Trust 2016-65.139%, $30,047 par, due 3/25/2066 (1)30,036 
Navient Student Loan Trust 2021-14.989%, $2,926,019 par, due 12/26/2069 (1)2,798,146 
Nelnet Student Loan Trust 2021-A1.360%, $2,896,554 par, due 4/20/2062 (1)2,565,487 
Nelnet Student Loan Trust 2021-C1.320%, $829,143 par, due 4/20/2062 (1)736,806 
Nelnet Student Loan Trust 2021-D1.630%, $4,293,758 par, due 4/20/2062 (1)3,872,794 
Nestle Holdings Inc4.125%, $1,470,000 par, due 10/1/2027 (1)1,437,776 
New York Hospital for Special Surgery3.737%, $285,000 par, due 4/1/2028 (1)261,959 
New York Life Global Funding2.000%, $3,220,000 par, due 1/22/2025 (1)3,030,574 
New York State Dormitory Authority2.657%, $1,535,000 par, due 2/15/2028 (1)1,358,874 
NextEra Energy Capital Holdings Inc1.875%, $3,135,000 par, due 1/15/2027 (1)2,778,576 
Norfolk Southern Corp2.550%, $1,470,000 par, due 11/1/2029 (1)1,262,646 
Norfolk Southern Corp3.150%, $1,293,000 par, due 6/1/2027 (1)1,203,625 
Norfolk Southern Corp3.650%, $460,000 par, due 8/1/2025 (1)445,601 
North Carolina Housing Finance Agency2.870%, $290,000 par, due 7/1/2032 (1)279,757 
North Dakota Public Finance Authority2.580%, $2,630,000 par, due 12/1/2034 (1)2,035,489 
North Dakota Public Finance Authority4.050%, $750,000 par, due 12/1/2030 (1)704,940 
North Texas Higher Education Authority Inc4.959%, $2,383,231 par, due 9/25/2061 (1)2,296,543 
North Texas Higher Education Authority Inc4.625%, $2,911,955 par, due 10/25/2061 (1)2,748,711 
Northern States Power Co/MN2.600%, $1,965,000 par, due 5/15/2023 (1)1,947,537 
Northern Trust Corp4.000%, $130,000 par, due 5/10/2027 (1)127,108 
Northrop Grumman Corp4.400%, $465,000 par, due 5/1/2030 (1)447,562 
Northrop Grumman Corp3.250%, $1,865,000 par, due 1/15/2028 (1)1,723,008 
Northrop Grumman Corp2.930%, $580,000 par, due 1/15/2025 (1)556,642 
Northstar Edu Fin Inc5.089%, $91,110 par, due 12/26/2031 (1)90,506 
Northwestern Mutual Global Funding4.350%, $710,000 par, due 9/15/2027 (1)692,332 
Northwestern Mutual Global Funding3.300%, $970,000 par, due 4/4/2029 (1)881,163 
     49    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Northwestern Mutual Global Funding1.750%, $2,660,000 par, due 1/11/2027 (1)$2,352,023 
NTT Finance Corp1.162%, $1,960,000 par, due 4/3/2026 (1)1,734,827 
NTT Finance Corp4.372%, $370,000 par, due 7/27/2027 (1)361,546 
Nucor Corp4.300%, $680,000 par, due 5/23/2027 (1)664,330 
Nutrien Ltd2.950%, $540,000 par, due 5/13/2030 (1)464,335 
Nuveen LLC4.000%, $800,000 par, due 11/1/2028 (1)744,410 
NXP BV / NXP Funding LLC / NXP USA Inc2.650%, $1,800,000 par, due 2/15/2032 (1)1,413,619 
NXP BV / NXP Funding LLC / NXP USA Inc5.000%, $400,000 par, due 1/15/2033 (1)378,839 
NYC Transit Fin Auth Future Tax Rev2.625%, $1,000,000 par, due 5/1/2030 (1)841,020 
NYC Transitional Finance Auth Future Tax Sec Rev3.550%, $1,450,000 par, due 2/1/2030 (1)1,304,710 
OhioHealth Corp2.297%, $1,860,000 par, due 11/15/2031 (1)1,494,160 
Oklahoma Development Finance Authority4.135%, $1,125,000 par, due 12/1/2033 (1)1,083,881 
Oklahoma Development Finance Authority4.285%, $360,000 par, due 2/1/2032 (1)349,193 
Oklahoma Development Finance Authority3.877%, $1,850,000 par, due 5/1/2032 (1)1,751,987 
Oklahoma Development Finance Authority4.851%, $725,000 par, due 2/1/2043 (1)686,408 
Oncor Electric Delivery Co LLC4.550%, $1,250,000 par, due 9/15/2032 (1)1,227,980 
Oncor Electric Delivery Co LLC2.750%, $1,160,000 par, due 5/15/2030 (1)1,013,245 
Oracle Corp2.650%, $1,300,000 par, due 7/15/2026 (1)1,196,324 
Oracle Corp6.150%, $300,000 par, due 11/9/2029 (1)312,115 
Oracle Corp2.950%, $2,465,000 par, due 4/1/2030 (1)2,112,088 
Oracle Corp2.950%, $2,220,000 par, due 11/15/2024 (1)2,139,221 
Orlando Health Obligated Group2.291%, $1,250,000 par, due 10/1/2028 (1)1,039,530 
Orlando Health Obligated Group3.777%, $1,000,000 par, due 10/1/2028 (1)908,249 
Otis Worldwide Corp2.056%, $1,625,000 par, due 4/5/2025 (1)1,521,531 
Pacific Life Global Funding II1.450%, $1,500,000 par, due 1/20/2028 (1)1,231,440 
PacifiCorp2.700%, $475,000 par, due 9/15/2030 (1)409,595 
PacifiCorp3.500%, $1,426,000 par, due 6/15/2029 (1)1,317,122 
Packaging Corp of America3.400%, $1,100,000 par, due 12/15/2027 (1)1,011,569 
Parker-Hannifin Corp4.500%, $770,000 par, due 9/15/2029 (1)739,399 
Parker-Hannifin Corp3.300%, $1,600,000 par, due 11/21/2024 (1)1,545,442 
Parker-Hannifin Corp2.700%, $884,000 par, due 6/14/2024 (1)851,590 
Parker-Hannifin Corp4.250%, $910,000 par, due 9/15/2027 (1)883,911 
PayPal Holdings Inc3.900%, $720,000 par, due 6/1/2027 (1)694,596 
PerkinElmer Inc1.900%, $1,420,000 par, due 9/15/2028 (1)1,178,627 
Pernod Ricard International Finance LLC1.250%, $860,000 par, due 4/1/2028 (1)711,131 
Petroleos Mexicanos2.290%, $146,250 par, due 2/15/2024 (1)143,799 
Petroleos Mexicanos2.378%, $500,000 par, due 4/15/2025 (1)483,348 
PHEAA Student Loan Trust 2016-25.339%, $1,113,864 par, due 11/25/2065 (1)1,104,359 
Phillips 663.900%, $1,210,000 par, due 3/15/2028 (1)1,143,926 
Pioneer Natural Resources Co1.125%, $2,970,000 par, due 1/15/2026 (1)2,650,054 
PNC Bank NA4.050%, $1,030,000 par, due 7/26/2028 (1)970,584 
PNC Financial Services Group Inc/The6.037%, $470,000 par, due 10/28/2033 (1)490,966 
PNC Financial Services Group Inc/The5.354%, $1,190,000 par, due 12/2/2028 (1)1,201,330 
PPG Industries Inc2.550%, $1,330,000 par, due 6/15/2030 (1)1,120,163 
PPG Industries Inc2.400%, $1,050,000 par, due 8/15/2024 (1)1,004,930 
Pricoa Global Funding I1.200%, $630,000 par, due 9/1/2026 (1)554,522 
Progressive Corp/The2.500%, $680,000 par, due 3/15/2027 (1)624,490 
Prologis LP4.625%, $1,400,000 par, due 1/15/2033 (1)1,357,439 
Prologis LP3.250%, $1,200,000 par, due 6/30/2026 (1)1,140,000 
Prologis LP4.000%, $1,020,000 par, due 9/15/2028 (1)971,446 
Protective Life Global Funding4.714%, $655,000 par, due 7/6/2027 (1)636,586 
Providence St Joseph Health Obligated Group2.746%, $750,000 par, due 10/1/2026 (1)703,674 
PSNH Funding LLC 33.506%, $900,000 par, due 8/1/2028 (1)865,090 
Public Service Co of Colorado4.100%, $1,060,000 par, due 6/1/2032 (1)1,000,777 
Public Service Electric and Gas Co1.900%, $1,760,000 par, due 8/15/2031 (1)1,403,887 
Public Service Electric and Gas Co3.700%, $1,400,000 par, due 5/1/2028 (1)1,327,662 
Public Service Electric and Gas Co3.650%, $795,000 par, due 9/1/2028 (1)747,277 
Raytheon Technologies Corp2.250%, $970,000 par, due 7/1/2030 (1)809,746 
Raytheon Technologies Corp4.125%, $1,300,000 par, due 11/16/2028 (1)1,246,762 
Reckitt Benckiser Treasury Services PLC2.750%, $1,680,000 par, due 6/26/2024 (1)1,623,913 
Regents of the U of CA Med Center Pooled Revenue4.132%, $500,000 par, due 5/15/2032 (1)465,780 
Regions Financial Corp1.800%, $1,570,000 par, due 8/12/2028 (1)1,336,208 
RELX Capital Inc4.000%, $480,000 par, due 3/18/2029 (1)445,671 
RELX Capital Inc4.750%, $910,000 par, due 5/20/2032 (1)877,629 
RELX Capital Inc3.500%, $740,000 par, due 3/16/2023 (1)737,009 
RELX Capital Inc3.000%, $220,000 par, due 5/22/2030 (1)188,471 
     50    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
RI State Std Ln Authority0.765%, $1,502,703 par, due 9/1/2036 (1)$1,493,387 
Roche Holdings Inc2.314%, $830,000 par, due 3/10/2027 (1)756,935 
Roche Holdings Inc1.930%, $3,755,000 par, due 12/13/2028 (1)3,214,460 
Rochester Gas and Electric Corp3.100%, $2,070,000 par, due 6/1/2027 (1)1,900,732 
Rogers Communications Inc3.625%, $775,000 par, due 12/15/2025 (1)743,123 
Rogers Communications Inc3.800%, $1,490,000 par, due 3/15/2032 (1)1,291,157 
Rolls-Royce PLC3.625%, $780,000 par, due 10/14/2025 (1)717,600 
Roper Technologies Inc3.800%, $500,000 par, due 12/15/2026 (1)479,569 
Roper Technologies Inc3.850%, $750,000 par, due 12/15/2025 (1)728,303 
Roper Technologies Inc1.000%, $430,000 par, due 9/15/2025 (1)385,607 
Royal Bank of Canada3.625%, $1,200,000 par, due 5/4/2027 (1)1,142,140 
Royal Bank of Canada4.240%, $3,320,000 par, due 8/3/2027 (1)3,234,520 
Royal Bank of Canada2.050%, $240,000 par, due 1/21/2027 (1)217,060 
Ryder System Inc1.750%, $830,000 par, due 9/1/2026 (1)730,341 
Ryder System Inc3.650%, $1,703,000 par, due 3/18/2024 (1)1,668,628 
Ryder System Inc4.300%, $1,240,000 par, due 6/15/2027 (1)1,189,373 
Sabine Pass Liquefaction LLC4.500%, $890,000 par, due 5/15/2030 (1)827,137 
San Diego Community College District2.807%, $3,020,000 par, due 8/1/2032 (1)2,517,049 
San Diego Community College District2.383%, $1,000,000 par, due 8/1/2033 (1)782,960 
San Diego Gas & Electric Co3.000%, $1,500,000 par, due 3/15/2032 (1)1,287,005 
San Jose Evergreen Community College District2.440%, $1,100,000 par, due 8/1/2029 (1)946,286 
San Jose Redevelopment Agency Successor Agency3.375%, $1,530,000 par, due 8/1/2034 (1)1,340,418 
Santa Monica Community College District3.911%, $1,550,000 par, due 8/1/2031 (1)1,430,681 
SBA Small Business Investment Cos3.191%, $227,227 par, due 3/10/2024 (1)221,265 
SBA Small Business Investment Cos3.113%, $3,654,792 par, due 3/10/2029 (1)3,433,143 
SBA Small Business Investment Cos1.304%, $4,791,708 par, due 9/10/2031 (1)4,144,607 
SBA Small Business Investment Cos2.829%, $530,665 par, due 9/10/2025 (1)508,663 
SBA Small Business Investment Cos3.015%, $66,158 par, due 9/10/2024 (1)64,109 
SBA Small Business Investment Cos2.283%, $3,252,624 par, due 9/10/2029 (1)2,985,691 
SBA Small Business Investment Cos2.845%, $2,801,760 par, due 3/10/2027 (1)2,632,973 
SBA Small Business Investment Cos3.548%, $2,356,789 par, due 9/10/2028 (1)2,227,574 
SBA Small Business Investment Cos2.518%, $2,513,840 par, due 9/10/2027 (1)2,339,918 
SBA Small Business Investment Cos2.938%, $17,149,485 par, due 3/10/2032 (1)15,581,868 
SBA Small Business Investment Cos2.517%, $839,753 par, due 3/10/2025 (1)804,963 
SBA Small Business Investment Cos2.507%, $755,832 par, due 3/10/2026 (1)711,003 
SBA Small Business Investment Cos1.667%, $2,691,640 par, due 3/10/2031 (1)2,279,962 
SBA Small Business Investment Cos2.078%, $4,142,124 par, due 3/10/2030 (1)3,716,160 
SC State Std Ln Corp4.889%, $127,053 par, due 1/25/2041 (1)124,328 
SC State Std Ln Corp1.268%, $479,054 par, due 10/27/2036 (1)468,869 
SC State Std Ln Corp4.870%, $54,762 par, due 5/1/2030 (1)54,758 
Sealed Air Corp1.573%, $750,000 par, due 10/15/2026 (1)648,467 
Seasoned Credit Risk Transfer Trust Series 2018-33.500%, $2,703,874 par, due 8/25/2057 (1)2,567,050 
Seasoned Credit Risk Transfer Trust Series 2019-14.000%, $1,283,119 par, due 7/25/2058 (1)1,220,695 
Seasoned Credit Risk Transfer Trust Series 2019-24.000%, $1,563,985 par, due 8/25/2058 (1)1,488,525 
Seasoned Credit Risk Transfer Trust Series 2020-22.000%, $4,294,721 par, due 11/25/2059 (1)3,542,342 
Seasoned Credit Risk Transfer Trust Series 2020-32.500%, $4,072,159 par, due 5/25/2060 (1)3,484,681 
Shell International Finance BV2.750%, $1,110,000 par, due 4/6/2030 (1)975,600 
Sherwin-Williams Co/The3.300%, $911,000 par, due 2/1/2025 (1)877,822 
Sherwin-Williams Co/The2.950%, $500,000 par, due 8/15/2029 (1)438,885 
Sherwin-Williams Co/The3.450%, $860,000 par, due 6/1/2027 (1)805,940 
Sherwin-Williams Co/The2.300%, $700,000 par, due 5/15/2030 (1)577,553 
Siemens Financieringsmaatschappij NV1.200%, $880,000 par, due 3/11/2026 (1)785,095 
Siemens Financieringsmaatschappij NV2.350%, $730,000 par, due 10/15/2026 (1)663,789 
Simon Property Group LP3.375%, $1,000,000 par, due 10/1/2024 (1)970,475 
SLM Student Loan Trust 2003-105.439%, $3,236,706 par, due 12/17/2068 (1)3,134,957 
SMALL BUSINESS ADMINISTRATION2.130%, $354,055 par, due 1/1/2033 (1)321,525 
Solano County Community College District1.641%, $2,370,000 par, due 8/1/2029 (1)1,941,575 
Solano County Community College District1.479%, $890,000 par, due 8/1/2028 (1)746,238 
South32 Treasury Ltd4.350%, $2,980,000 par, due 4/14/2032 (1)2,553,383 
Stanford Health Care3.310%, $560,000 par, due 8/15/2030 (1)501,670 
Stanley Black & Decker Inc3.400%, $1,630,000 par, due 3/1/2026 (1)1,556,189 
Starbucks Corp2.000%, $715,000 par, due 3/12/2027 (1)639,728 
Starbucks Corp2.250%, $360,000 par, due 3/12/2030 (1)299,609 
State of Hawaii1.518%, $1,000,000 par, due 10/1/2028 (1)838,010 
State of Hawaii1.710%, $2,475,000 par, due 8/1/2028 (1)2,109,443 
State of Hawaii2.422%, $855,000 par, due 10/1/2034 (1)660,958 
     51    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
State of New York2.050%, $1,750,000 par, due 3/15/2032 (1)$1,372,403 
State of Oregon3.987%, $635,000 par, due 5/1/2031 (1)598,253 
State of Texas2.704%, $2,410,000 par, due 4/1/2031 (1)2,074,914 
State of Texas4.631%, $1,250,000 par, due 4/1/2033 (1)1,238,825 
State of Utah3.539%, $1,769,100 par, due 7/1/2025 (1)1,735,293 
State of Utah4.554%, $95,000 par, due 7/1/2024 (1)94,619 
State of Washington5.090%, $1,400,000 par, due 8/1/2033 (1)1,434,986 
State of Wisconsin2.544%, $1,425,000 par, due 5/1/2031 (1)1,195,162 
State of Wisconsin2.002%, $1,580,000 par, due 5/1/2034 (1)1,170,701 
State Street Corp5.820%, $470,000 par, due 11/4/2028 (1)486,115 
State Street Corp1.684%, $2,310,000 par, due 11/18/2027 (1)2,048,935 
State Street Corp3.776%, $567,000 par, due 12/3/2024 (1)560,576 
State Street Corp2.203%, $1,280,000 par, due 2/7/2028 (1)1,151,043 
State Street Corp4.421%, $560,000 par, due 5/13/2033 (1)531,711 
State Street Corp4.164%, $380,000 par, due 8/4/2033 (1)352,254 
Student Loan Corp5.089%, $324,183 par, due 7/25/2036 (1)319,125 
Student Loan Corp5.158%, $376,973 par, due 4/25/2037 (1)373,234 
Sumitomo Mitsui Financial Group Inc1.902%, $1,780,000 par, due 9/17/2028 (1)1,469,734 
Sumitomo Mitsui Financial Group Inc2.348%, $3,180,000 par, due 1/15/2025 (1)3,008,429 
Sumitomo Mitsui Financial Group Inc2.174%, $360,000 par, due 1/14/2027 (1)320,007 
Take-Two Interactive Software Inc3.700%, $590,000 par, due 4/14/2027 (1)556,024 
Texas A&M University3.477%, $1,000,000 par, due 5/15/2031 (1)902,930 
Texas A&M University3.256%, $750,000 par, due 5/15/2029 (1)685,515 
Texas Electric Market Stabilization Funding N LLC4.265%, $3,340,000 par, due 8/1/2034 (1)3,177,599 
Texas Transportation Commission State Highway Fund5.178%, $1,200,000 par, due 4/1/2030 (1)1,222,752 
T-Mobile USA Inc2.400%, $1,110,000 par, due 3/15/2029 (1)937,513 
Toronto-Dominion Bank/The2.450%, $2,060,000 par, due 1/12/2032 (1)1,668,623 
Toronto-Dominion Bank/The4.456%, $820,000 par, due 6/8/2032 (1)781,390 
Toronto-Dominion Bank/The4.693%, $730,000 par, due 9/15/2027 (1)722,778 
Toronto-Dominion Bank/The2.800%, $1,910,000 par, due 3/10/2027 (1)1,754,184 
Toronto-Dominion Bank/The0.750%, $1,260,000 par, due 9/11/2025 (1)1,125,685 
Towd Point Mortgage Trust 2017-12.750%, $214,490 par, due 10/25/2056 (1)210,882 
Towd Point Mortgage Trust 2017-53.773%, $35,906 par, due 2/25/2057 (1)35,533 
Towd Point Mortgage Trust 2017-62.750%, $54,699 par, due 10/25/2057 (1)52,177 
Towd Point Mortgage Trust 2019-42.900%, $3,344,911 par, due 10/25/2059 (1)3,108,546 
Towd Point Mortgage Trust 2019-HY15.389%, $678,653 par, due 10/25/2048 (1)673,189 
Towd Point Mortgage Trust 2019-HY25.389%, $659,351 par, due 5/25/2058 (1)653,161 
Towd Point Mortgage Trust 2022-43.750%, $3,208,013 par, due 9/25/2062 (1)3,002,995 
Town of Andover MA2.323%, $1,000,000 par, due 11/1/2033 (1)780,910 
Toyota Auto Loan Extended Note Trust 2019-12.560%, $3,255,000 par, due 11/25/2031 (1)3,137,527 
Toyota Auto Loan Extended Note Trust 2020-11.350%, $3,875,000 par, due 5/25/2033 (1)3,547,524 
Toyota Auto Loan Extended Note Trust 2021-11.070%, $5,980,000 par, due 2/27/2034 (1)5,305,803 
Toyota Auto Loan Extended Note Trust 2022-13.820%, $4,710,000 par, due 4/25/2035 (1)4,468,245 
Toyota Motor Credit Corp4.450%, $1,610,000 par, due 6/29/2029 (1)1,579,684 
Toyota Motor Credit Corp3.050%, $1,190,000 par, due 3/22/2027 (1)1,111,423 
Toyota Motor Credit Corp1.900%, $2,150,000 par, due 1/13/2027 (1)1,921,107 
Trane Technologies Global Holding Co Ltd3.750%, $1,330,000 par, due 8/21/2028 (1)1,252,095 
Trane Technologies Luxembourg Finance SA3.500%, $1,310,000 par, due 3/21/2026 (1)1,237,167 
Transcontinental Gas Pipe Line Co LLC4.000%, $720,000 par, due 3/15/2028 (1)676,527 
Transcontinental Gas Pipe Line Co LLC3.250%, $1,205,000 par, due 5/15/2030 (1)1,048,814 
Trinity Health3.084%, $2,235,000 par, due 12/1/2034 (1)1,873,444 
Truist Financial Corp6.123%, $670,000 par, due 10/28/2033 (1)707,432 
Truist Financial Corp4.123%, $1,780,000 par, due 6/6/2028 (1)1,701,456 
Truist Financial Corp4.260%, $1,430,000 par, due 7/28/2026 (1)1,406,211 
TSMC Arizona Corp1.750%, $1,100,000 par, due 10/25/2026 (1)982,655 
TSMC Arizona Corp4.125%, $1,690,000 par, due 4/22/2029 (1)1,608,246 
TSMC Global Ltd1.000%, $1,370,000 par, due 9/28/2027 (1)1,138,319 
TSMC Global Ltd1.250%, $1,450,000 par, due 4/23/2026 (1)1,300,657 
UBS Commercial Mortgage Trust 2017-C33.167%, $1,455,000 par, due 8/15/2050 (1)1,343,387 
UBS Commercial Mortgage Trust 2018-C104.313%, $2,550,000 par, due 5/15/2051 (1)2,423,007 
UBS Group AG1.364%, $2,000,000 par, due 1/30/2027 (1)1,753,416 
UBS Group AG4.703%, $1,230,000 par, due 8/5/2027 (1)1,190,218 
UBS Group AG1.494%, $1,500,000 par, due 8/10/2027 (1)1,292,181 
UBS Group AG2.746%, $510,000 par, due 2/11/2033 (1)395,538 
UBS Group AG4.751%, $410,000 par, due 5/12/2028 (1)392,925 
UDR Inc3.500%, $1,380,000 par, due 1/15/2028 (1)1,255,915 
     52    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Union Electric Co2.950%, $2,760,000 par, due 3/15/2030 (1)$2,430,401 
Union Electric Co2.950%, $850,000 par, due 6/15/2027 (1)792,486 
Union Pacific Corp2.950%, $481,000 par, due 1/15/2023 (1)480,662 
Union Pacific Corp3.950%, $20,000 par, due 9/10/2028 (1)19,203 
United States Int Dev Finance Corp3.600%, $3,750,000 par, due 3/15/2035 (1)3,519,566 
United States Small Business Administration3.940%, $7,818,431 par, due 5/1/2047 (1)7,409,816 
United States Small Business Administration3.370%, $1,065,352 par, due 10/1/2033 (1)998,651 
United States Small Business Administration2.840%, $1,864,130 par, due 4/1/2037 (1)1,712,319 
United States Small Business Administration5.630%, $208,488 par, due 10/1/2028 (1)205,600 
United States Small Business Administration5.130%, $4,110,000 par, due 11/1/2047 (1)4,121,150 
United States Small Business Administration3.230%, $522,630 par, due 2/1/2034 (1)494,890 
United States Small Business Administration5.680%, $60,741 par, due 6/1/2028 (1)60,026 
United States Small Business Administration3.210%, $469,048 par, due 3/1/2034 (1)439,082 
United States Small Business Administration4.710%, $2,235,000 par, due 12/1/2047 (1)2,199,651 
United States Small Business Administration2.980%, $860,469 par, due 7/1/2037 (1)798,626 
United States Small Business Administration2.810%, $364,822 par, due 12/1/2036 (1)333,824 
United States Small Business Administration3.800%, $7,630,000 par, due 8/1/2047 (1)7,191,489 
United States Small Business Administration2.810%, $2,069,920 par, due 6/1/2037 (1)1,893,695 
United States Small Business Administration6.770%, $50,951 par, due 11/1/2028 (1)51,131 
United States Small Business Administration2.780%, $1,863,621 par, due 12/1/2037 (1)1,704,490 
United States Small Business Administration2.980%, $836,223 par, due 6/1/2035 (1)776,118 
United States Small Business Administration5.720%, $612,117 par, due 1/1/2029 (1)603,557 
United States Small Business Administration2.880%, $581,058 par, due 7/1/2035 (1)540,938 
United States Small Business Administration5.510%, $105,765 par, due 11/1/2027 (1)104,851 
United States Small Business Administration5.540%, $35,399 par, due 9/1/2026 (1)35,389 
United States Small Business Administration5.040%, $3,375,000 par, due 10/1/2047 (1)3,401,868 
United States Small Business Administration2.850%, $1,489,231 par, due 10/1/2037 (1)1,365,282 
United States Small Business Administration3.150%, $798,866 par, due 7/1/2033 (1)755,589 
United States Small Business Administration5.600%, $175,993 par, due 9/1/2028 (1)173,207 
United States Small Business Administration5.310%, $88,599 par, due 5/1/2027 (1)87,350 
United States Small Business Administration2.800%, $997,955 par, due 1/1/2037 (1)921,336 
United States Treasury Note/Bond2.875%, $2,000,000 par, due 11/30/2025 (1)1,926,172 
United States Treasury Note/Bond4.125%, $6,446,000 par, due 11/15/2032 (1)6,602,116 
United States Treasury Note/Bond2.875%, $8,000,000 par, due 7/31/2025 (1)7,734,376 
United States Treasury Note/Bond3.875%, $13,675,000 par, due 11/30/2027 (1)13,622,652 
United States Treasury Note/Bond0.750%, $14,117,000 par, due 3/31/2026 (1)12,667,805 
United States Treasury Note/Bond3.000%, $2,000,000 par, due 10/31/2025 (1)1,933,282 
United States Treasury Note/Bond1.125%, $15,000,000 par, due 1/15/2025 (1)14,045,505 
United States Treasury Note/Bond4.125%, $6,775,000 par, due 10/31/2027 (1)6,810,989 
United States Treasury Note/Bond0.875%, $14,850,000 par, due 1/31/2024 (1)14,250,773 
United States Treasury Note/Bond0.375%, $14,975,000 par, due 1/31/2026 (1)13,336,525 
United States Treasury Note/Bond3.875%, $4,000,000 par, due 11/30/2029 (1)3,982,500 
United States Treasury Note/Bond2.125%, $19,000,000 par, due 11/30/2023 (1)18,556,179 
United States Treasury Note/Bond0.750%, $8,000,000 par, due 12/31/2023 (1)7,691,560 
United States Treasury Note/Bond2.500%, $5,430,000 par, due 5/31/2024 (1)5,270,070 
UnitedHealth Group Inc5.250%, $770,000 par, due 2/15/2028 (1)788,380 
UnitedHealth Group Inc4.000%, $590,000 par, due 5/15/2029 (1)563,716 
UnitedHealth Group Inc3.850%, $1,395,000 par, due 6/15/2028 (1)1,338,275 
University of Arkansas3.433%, $910,000 par, due 4/1/2029 (1)835,526 
University of California3.349%, $1,170,000 par, due 7/1/2029 (1)1,068,982 
University of North Carolina at Chapel Hill3.327%, $500,000 par, due 12/1/2036 (1)422,575 
US Bancorp5.850%, $950,000 par, due 10/21/2033 (1)989,576 
US Bancorp2.677%, $690,000 par, due 1/27/2033 (1)567,434 
US Bancorp4.548%, $1,650,000 par, due 7/22/2028 (1)1,611,209 
US Bancorp2.215%, $1,220,000 par, due 1/27/2028 (1)1,095,704 
USAA Capital Corp2.125%, $190,000 par, due 5/1/2030 (1)156,152 
Ventas Realty LP3.500%, $721,000 par, due 2/1/2025 (1)692,916 
Ventas Realty LP2.650%, $200,000 par, due 1/15/2025 (1)189,407 
Ventas Realty LP4.400%, $1,370,000 par, due 1/15/2029 (1)1,278,132 
Verizon Communications Inc2.100%, $2,390,000 par, due 3/22/2028 (1)2,078,024 
Verizon Communications Inc2.355%, $1,603,000 par, due 3/15/2032 (1)1,272,477 
Verizon Communications Inc4.329%, $1,400,000 par, due 9/21/2028 (1)1,348,589 
Verizon Communications Inc2.625%, $530,000 par, due 8/15/2026 (1)489,732 
Verizon Master Trust1.530%, $4,285,000 par, due 7/20/2028 (1)4,007,272 
Verizon Owner Trust 2019-C1.940%, $258,854 par, due 4/22/2024 (1)258,401 
Vermont Std Asst Corp5.089%, $1,074,371 par, due 7/28/2034 (1)1,069,106 
     53    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Virginia Electric and Power Co3.750%, $860,000 par, due 5/15/2027 (1)$821,108 
Virginia Housing Development Authority3.100%, $301,976 par, due 6/25/2041 (1)272,183 
Vodafone Group PLC4.125%, $880,000 par, due 5/30/2025 (1)866,659 
Volkswagen Group of America Finance LLC4.350%, $950,000 par, due 6/8/2027 (1)911,950 
Volkswagen Group of America Finance LLC2.850%, $590,000 par, due 9/26/2024 (1)564,898 
Volkswagen Group of America Finance LLC3.350%, $700,000 par, due 5/13/2025 (1)668,985 
Vulcan Materials Co3.900%, $480,000 par, due 4/1/2027 (1)457,815 
WALT DISNEY CO/THE3.800%, $1,385,000 par, due 3/22/2030 (1)1,290,049 
Warnermedia Holdings Inc4.279%, $3,630,000 par, due 3/15/2032 (1)2,994,278 
Washington & Multnomah Counties School Dist No 48J1.407%, $1,500,000 par, due 6/15/2027 (1)1,289,910 
WEC Energy Group Inc5.150%, $1,480,000 par, due 10/1/2027 (1)1,498,080 
WEC Energy Group Inc3.550%, $386,000 par, due 6/15/2025 (1)370,212 
WEC Energy Group Inc2.200%, $665,000 par, due 12/15/2028 (1)564,028 
*Wells Fargo Commercial Mortgage Trust 2013-LC124.218%, $743,000 par, due 7/15/2046 (1)735,839 
*Wells Fargo Commercial Mortgage Trust 2016-C333.162%, $541,867 par, due 3/15/2059 (1)507,138 
*Wells Fargo Commercial Mortgage Trust 2017-C383.453%, $2,350,000 par, due 7/15/2050 (1)2,171,616 
*Wells Fargo Commercial Mortgage Trust 2017-C393.157%, $2,270,000 par, due 9/15/2050 (1)2,074,937 
*Wells Fargo Commercial Mortgage Trust 2017-C403.317%, $3,065,000 par, due 10/15/2050 (1)2,819,886 
*Wells Fargo Commercial Mortgage Trust 2017-C423.589%, $2,830,000 par, due 12/15/2050 (1)2,607,129 
*Wells Fargo Commercial Mortgage Trust 2018-C434.012%, $2,820,000 par, due 3/15/2051 (1)2,658,752 
Welltower Inc3.625%, $308,000 par, due 3/15/2024 (1)301,411 
Welltower Inc4.125%, $2,191,000 par, due 3/15/2029 (1)2,015,056 
Welltower Inc2.050%, $550,000 par, due 1/15/2029 (1)447,822 
West Haymarket Joint Public Agency5.400%, $1,250,000 par, due 12/15/2030 (1)1,280,513 
WFRBS Commercial Mortgage Trust 2013-C174.023%, $468,000 par, due 12/15/2046 (1)459,945 
WFRBS Commercial Mortgage Trust 2013-UBS14.079%, $1,009,859 par, due 3/15/2046 (1)992,167 
WFRBS Commercial Mortgage Trust 2014-C203.995%, $3,274,000 par, due 5/15/2047 (1)3,189,390 
Wisconsin Power and Light Co3.950%, $790,000 par, due 9/1/2032 (1)725,401 
WRKCo Inc3.900%, $920,000 par, due 6/1/2028 (1)846,922 
WRKCo Inc4.650%, $330,000 par, due 3/15/2026 (1)324,061 
WRKCo Inc3.000%, $1,260,000 par, due 9/15/2024 (1)1,204,704 
Xcel Energy Inc1.750%, $465,000 par, due 3/15/2027 (1)407,898 
Yale University1.482%, $1,465,000 par, due 4/15/2030 (1)1,176,347 
Blackrock Treasury Trust Fund3.960%, $22,900,858 shares(1)22,900,858 
Total1,355,972,395 
Accrued income receivable 8,571,833 
Receivable for investment payments due212,246 
Payable for securities purchased on a forward commitment basis(6,610,288)
Total1,358,146,186 
American General Life Ins. Co.2.25%(1)— 
Massachusetts Mutual Life Ins. Co.2.40%(1)— 
Nationwide Life Ins. Co.2.45%(1)— 
Pacific Life Ins. Co.2.54%(1)— 
Prudential Ins. Co. of America2.58%(1)— 
Royal Bank of Canada2.29%(1)— 
State Street Bank and Trust Co.2.46%(1)— 
Transamerica Life Ins. Co.2.48%(1)— 
Voya Ret. Ins. and Annuity Co.2.33%(1)— 
AT&T Inc1.650%, $845,000 par, due 2/1/2028 (1)714,895 
AbbVie Inc4.250%, $180,000 par, due 11/14/2028 (1)173,909 
AbbVie Inc3.200%, $1,630,000 par, due 11/21/2029 (1)1,475,525 
AerCap Ireland Capital DAC 1.650%, $1,090,000 par, due 10/29/2024 (1)1,005,798 
AerCap Ireland Capital DAC 2.450%, $585,000 par, due 10/29/2026 (1)512,150 
Altria Group Inc2.350%, $525,000 par, due 5/6/2025 (1)493,967 
American Electric Power Co Inc1.000%, $570,000 par, due 11/1/2025 (1)509,831 
American Express Co2.250%, $650,000 par, due 3/4/2025 (1)613,815 
American Express Co3.950%, $1,760,000 par, due 8/1/2025 (1)1,725,522 
American Honda Finance Corp2.000%, $650,000 par, due 3/24/2028 (1)560,976 
American International Group Inc3.900%, $220,000 par, due 4/1/2026 (1)213,343 
American Tower Corp1.875%, $1,125,000 par, due 10/15/2030 (1)870,705 
Amgen Inc2.200%, $1,065,000 par, due 2/21/2027 (1)956,860 
Amgen Inc4.050%, $1,210,000 par, due 8/18/2029 (1)1,133,347 
Elevance Health Inc2.375%, $310,000 par, due 1/15/2025 (1)294,488 
AvalonBay Communities Inc2.450%, $890,000 par, due 1/15/2031 (1)738,317 
Barclays Commercial Mortgage5.710%, $630,000 par, due 11/1/2032 (1)659,484 
     54    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
BAT Capital Corp2.259%, $1,145,000 par, due 3/25/2028 (1)$953,247 
BAT International Finance PLC4.448%, $925,000 par, due 3/16/2028 (1)859,353 
BMW US Capital LLC3.800%, $305,000 par, due 4/6/2023 (1)304,277 
Bank of America Corp4.450%, $915,000 par, due 3/3/2026 (1)897,313 
Bank of America Corp3.419%, $2,750,000 par, due 12/20/2028 (1)2,490,400 
Bank of America Corp3.194%, $265,000 par, due 7/23/2030 (1)228,517 
Bank of America Corp2.496%, $1,005,000 par, due 2/13/2031 (1)819,196 
Bank of America Corp2.087%, $1,195,000 par, due 6/14/2029 (1)1,007,660 
Bank of America Corp4.948%, $1,045,000 par, due 7/22/2028 (1)1,022,135 
Bank of New York Mellon Corp5.802%, $400,000 par, due 10/25/2028 (1)412,980 
Berkshire Hathaway Energy Co3.700%, $1,375,000 par, due 7/15/2030 (1)1,263,144 
Boston Gas Co3.001%, $365,000 par, due 8/1/2029 (1)313,816 
Boston Properties LP3.400%, $1,105,000 par, due 6/21/2029 (1)954,079 
CNH Equipment Trust 2022-B3.890%, $305,000 par, due 6/15/2026 (1)297,781 
CVS Health Corp4.300%, $215,000 par, due 3/25/2028 (1)208,307 
CVS Health Corp4.780%, $245,000 par, due 3/25/2038 (1)223,972 
CVS Health Corp3.625%, $935,000 par, due 4/1/2027 (1)888,549 
CVS Health Corp3.750%, $450,000 par, due 4/1/2030 (1)410,184 
Canadian National Railway Co3.850%, $600,000 par, due 8/5/2032 (1)558,120 
Capital One Auto Finance Trust4.950%, $2,345,000 par, due 10/15/2025 (1)2,362,681 
Citigroup Inc4.600%, $1,205,000 par, due 3/9/2026 (1)1,185,901 
Citigroup Inc3.200%, $1,765,000 par, due 10/21/2026 (1)1,634,655 
Citigroup Inc3.352%, $680,000 par, due 4/24/2025 (1)658,845 
Citigroup Inc4.412%, $625,000 par, due 3/31/2031 (1)575,513 
Citigroup Inc5.610%, $1,530,000 par, due 9/29/2026 (1)1,534,208 
Citibank Credit Card Iss Trust5.062%, $1,820,000 par, due 5/14/2027 (1)1,788,350 
Comcast Corp3.950%, $420,000 par, due 10/15/2025 (1)411,676 
Comcast Corp3.400%, $255,000 par, due 4/1/2030 (1)232,981 
Comcast Corp1.500%, $1,595,000 par, due 2/15/2031 (1)1,245,296 
Dllst Llc3.400%, $1,310,000 par, due 7/20/2024 (1)1,279,005 
DTE Energy Co2.529%, $590,000 par, due 10/1/2024 (1)564,223 
Mercedes-Benz Finance North America LLC2.700%, $1,215,000 par, due 6/14/2024 (1)1,173,581 
Diageo Capital PLC5.300%, $1,380,000 par, due 10/24/2027 (1)1,411,326 
Walt Disney Co/The3.350%, $1,185,000 par, due 3/24/2025 (1)1,148,478 
DuPont de Nemours Inc4.493%, $1,255,000 par, due 11/15/2025 (1)1,235,221 
Duke Energy Ohio Inc2.125%, $285,000 par, due 6/1/2030 (1)233,426 
Duke Energy Florida LLC3.200%, $475,000 par, due 1/15/2027 (1)449,426 
Duke Energy Florida LLC1.750%, $1,330,000 par, due 6/15/2030 (1)1,061,779 
ERP Operating LP3.000%, $490,000 par, due 7/1/2029 (1)429,289 
Emerson Electric Co2.000%, $1,315,000 par, due 12/21/2028 (1)1,119,591 
Equinix Inc1.550%, $980,000 par, due 3/15/2028 (1)811,538 
Equinix Inc3.900%, $605,000 par, due 4/15/2032 (1)539,503 
Equinor ASA2.875%, $1,345,000 par, due 4/6/2025 (1)1,289,721 
Equinor ASA3.000%, $1,040,000 par, due 4/6/2027 (1)971,537 
Exelon Corp3.950%, $1,050,000 par, due 6/15/2025 (1)1,025,913 
Exxon Mobil Corp2.992%, $475,000 par, due 3/19/2025 (1)457,986 
Freddie 55 -UMBS4.000%, $26,686 par, due 5/1/2049 (1)25,383 
Freddie Mac 55-UMBS5.000%, $27,774 par, due 6/1/2049 (1)27,642 
Freddie Mac-55 UMBS4.000%, $72,311 par, due 7/1/2049 (1)68,781 
Freddie Mac Coupon Strips0.000%, $205,000 par, due 7/15/2031 (1)143,851 
FHLMC2.450%, $3,345,000 par, due 4/1/2032 (1)2,829,168 
FHLMC2.920%, $405,000 par, due 6/1/2032 (1)356,044 
FHLMC3.000%, $400,000 par, due 6/1/2032 (1)353,960 
FHLMC3.500%, $275,000 par, due 7/1/2032 (1)253,701 
FHLMC3.530%, $525,000 par, due 8/1/2032 (1)485,037 
Fannie Mae Pool3.790%, $209,132 par, due 12/1/2023 (1)204,264 
Fannie Mae5.000%, $34,547 par, due 3/1/2049 (1)34,520 
FN FS26003.000%, $8,124,070 par, due 12/1/2051 (1)7,158,280 
Fifth Third Bancorp1.707%, $1,330,000 par, due 11/1/2027 (1)1,176,744 
Firstkey homes 2020-sfr2 trust1.266%, $1,913,486 par, due 11/1/2025 (1)1,695,846 
Ford Credit Auto Owner Trust5.270%, $845,000 par, due 2/15/2026 (1)853,129 
GSK Consumer Healthcare Capital US LLC3.375%, $250,000 par, due 3/24/2027 (1)233,095 
GSK Consumer Healthcare Capital US LLC3.375%, $1,035,000 par, due 3/24/2029 (1)932,701 
GS Mortgage-Backed Securities3.000%, $682,127 par, due 1/1/2029 (1)603,682 
GE HealthCare Technologies Inc5.600%, $1,185,000 par, due 11/15/2025 (1)1,193,200 
General Motors Financial Co Inc5.000%, $495,000 par, due 4/9/2027 (1)480,313 
Goldman Sachs Group Inc3.691%, $140,000 par, due 6/5/2028 (1)130,061 
Goldman Sachs Group Inc2.600%, $105,000 par, due 2/7/2030 (1)87,877 
     55    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Goldman Sachs Group Inc1.542%, $1,845,000 par, due 9/10/2027 (1)$1,593,600 
Goldman Sachs Group Inc2.650%, $885,000 par, due 10/21/2032 (1)701,168 
Goldman Sachs Group Inc3.750%, $765,000 par, due 2/25/2026 (1)736,680 
Guardian Life Global Funding0.875%, $1,070,000 par, due 12/10/2025 (1)945,506 
Guardian Life Global Funding3.246%, $475,000 par, due 3/29/2027 (1)445,104 
HSBC Holdings PLC4.300%, $200,000 par, due 3/8/2026 (1)193,730 
HSBC Holdings PLC4.583%, $755,000 par, due 6/19/2029 (1)696,374 
HSBC Holdings PLC4.950%, $260,000 par, due 3/31/2030 (1)248,586 
HSBC Holdings PLC1.645%, $2,320,000 par, due 4/18/2026 (1)2,098,231 
HSBC USA Inc3.750%, $1,375,000 par, due 5/24/2024 (1)1,349,081 
Honda Auto Receivables 2022-2 Owner Trust3.730%, $255,000 par, due 9/18/2025 (1)249,416 
Hyundai Auto Lease Securitization Trust 2022-C4.380%, $610,000 par, due 12/15/2024 (1)603,009 
JP Morgan Mortgage Trust2.500%, $973,382 par, due 6/1/2049 (1)782,735 
JPMorgan Chase & Co3.900%, $450,000 par, due 7/15/2025 (1)439,799 
JPMorgan Chase & Co4.452%, $1,470,000 par, due 12/5/2029 (1)1,383,476 
JPMorgan Chase & Co2.005%, $925,000 par, due 3/13/2026 (1)856,754 
JPMorgan Chase & Co2.956%, $490,000 par, due 5/13/2031 (1)404,912 
JPMorgan Chase & Co1.578%, $875,000 par, due 4/22/2027 (1)770,105 
JPMorgan Chase & Co1.470%, $1,350,000 par, due 9/22/2027 (1)1,169,208 
JPMorgan Chase & Co4.851%, $1,150,000 par, due 7/25/2028 (1)1,123,700 
JP Morgan Mortgage Trust2.500%, $597,788 par, due 9/1/2049 (1)480,705 
JP Morgan Mortgage Trust3.000%, $1,489,758 par, due 8/1/2044 (1)1,234,517 
Keurig Dr Pepper Inc4.417%, $180,000 par, due 5/25/2025 (1)178,094 
KeyCorp2.250%, $850,000 par, due 4/6/2027 (1)753,483 
KeyCorp3.878%, $690,000 par, due 5/23/2025 (1)675,386 
Kimberly-Clark Corp3.100%, $230,000 par, due 3/26/2030 (1)207,495 
Kinder Morgan Inc4.300%, $920,000 par, due 6/1/2025 (1)902,971 
Lowe's Cos Inc4.500%, $1,055,000 par, due 4/15/2030 (1)1,013,760 
Lowe's Cos Inc1.300%, $535,000 par, due 4/15/2028 (1)445,318 
Warnermedia Holdings Inc3.755%, $285,000 par, due 3/15/2027 (1)257,301 
Warnermedia Holdings Inc4.054%, $275,000 par, due 3/15/2029 (1)238,365 
Warnermedia Holdings Inc4.279%, $190,000 par, due 3/15/2032 (1)156,725 
MassMutual Global Funding II4.150%, $662,000 par, due 8/26/2025 (1)648,118 
McDonald's Corp2.625%, $575,000 par, due 9/1/2029 (1)505,644 
McDonald's Corp3.500%, $405,000 par, due 7/1/2027 (1)384,754 
McDonald's Corp3.600%, $575,000 par, due 7/1/2030 (1)528,799 
Metropolitan Life Global Funding I0.950%, $270,000 par, due 7/2/2025 (1)244,825 
Mondelez International Inc2.750%, $145,000 par, due 4/13/2030 (1)125,239 
Mondelez International Inc2.625%, $690,000 par, due 3/17/2027 (1)626,762 
Morgan Stanley4.431%, $590,000 par, due 1/23/2030 (1)552,175 
Morgan Stanley3.622%, $2,350,000 par, due 4/1/2031 (1)2,057,331 
Morgan Stanley3.625%, $120,000 par, due 1/20/2027 (1)113,302 
Morgan Stanley1.512%, $1,635,000 par, due 7/20/2027 (1)1,420,602 
National Rural Utilities Cooperative Finance Corp1.875%, $290,000 par, due 2/7/2025 (1)272,124 
Navient Student Loan Trust3.190%, $34,667 par, due 6/15/2023 (1)34,370 
Navient Student Loan Trust4.000%, $754,406 par, due 7/15/2026 (1)719,093 
Navient Student Loan Trust3.130%, $335,843 par, due 11/15/2023 (1)318,430 
Navient Student Loan Trust1.690%, $125,571 par, due 10/15/2027 (1)112,612 
Navient Student Loan Trust3.390%, $260,579 par, due 3/15/2026 (1)245,225 
Navient Student Loan Trust0.840%, $78,521 par, due 5/15/2028 (1)67,800 
Navient Student Loan Trust1.310%, $341,369 par, due 9/25/2033 (1)278,793 
New York Life Global Funding2.900%, $1,670,000 par, due 1/17/2024 (1)1,633,577 
Northwestern Mutual Global Funding0.800%, $595,000 par, due 1/14/2026 (1)526,950 
Northwestern Mutual Global Funding4.350%, $770,000 par, due 9/15/2027 (1)750,835 
NVIDIA Corp2.850%, $540,000 par, due 4/1/2030 (1)471,555 
Oracle Corp2.950%, $230,000 par, due 11/15/2024 (1)221,630 
Otis Worldwide Corp2.056%, $975,000 par, due 4/5/2025 (1)912,912 
Pacific Gas and Electric Co4.950%, $475,000 par, due 6/8/2025 (1)468,027 
Parker-Hannifin Corp4.250%, $670,000 par, due 9/15/2027 (1)650,791 
Philip Morris International Inc2.875%, $1,035,000 par, due 5/1/2024 (1)1,004,675 
Phillips 661.300%, $340,000 par, due 2/15/2026 (1)305,085 
Private Export Funding Corp0.550%, $670,000 par, due 7/30/2024 (1)626,249 
Progress Residential Trust2.687%, $1,250,000 par, due 4/1/2023 (1)1,188,075 
Progress Residential Trust2.271%, $519,783 par, due 3/1/2023 (1)492,245 
Prologis LP2.125%, $520,000 par, due 4/15/2027 (1)466,268 
Public Service Enterprise Group Inc1.600%, $830,000 par, due 8/15/2030 (1)645,416 
     56    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
Rate Mortgage Trust3.000%, $733,510 par, due 1/1/2044 (1)$612,422 
Reckitt Benckiser Treasury Services PLC2.750%, $1,605,000 par, due 6/26/2024 (1)1,551,409 
Republic Services Inc1.450%, $1,270,000 par, due 2/15/2031 (1)982,370 
Resolution Funding Corp Interest Strip0.000%, $705,000 par, due 1/15/2030 (1)516,413 
Resolution Funding Corp Principal Strip0.000%, $920,000 par, due 4/15/2030 (1)669,558 
Roper Technologies Inc1.000%, $340,000 par, due 9/15/2025 (1)304,898 
S&P Global Inc2.450%, $1,470,000 par, due 3/1/2027 (1)1,342,625 
SMB Private Education Loan Tru1.590%, $415,385 par, due 10/15/2029 (1)357,925 
Santander Drive Auto Receivable2.120%, $362,906 par, due 6/15/2023 (1)361,683 
Santander Retail Auto Lease Trust 2022-B3.280%, $915,000 par, due 11/20/2024 (1)888,547 
Charles Schwab Corp2.450%, $465,000 par, due 3/3/2027 (1)424,610 
Siemens Financieringsmaatschappij NV1.200%, $900,000 par, due 3/11/2026 (1)802,935 
Southern California Edison Co0.700%, $540,000 par, due 8/1/2023 (1)526,019 
Southern Co/The2.950%, $620,000 par, due 7/1/2023 (1)613,986 
Southern Co/The1.750%, $600,000 par, due 3/15/2028 (1)506,130 
Southwestern Electric Power Co1.650%, $335,000 par, due 3/15/2026 (1)299,912 
Equinor ASA3.700%, $50,000 par, due 3/1/2024 (1)49,289 
T-Mobile USA Inc3.875%, $660,000 par, due 4/15/2030 (1)599,419 
T-Mobile USA Inc2.400%, $520,000 par, due 3/15/2029 (1)439,192 
T-Mobile USA Inc5.200%, $540,000 par, due 1/15/2033 (1)537,338 
TSMC Global Ltd1.375%, $1,515,000 par, due 9/28/2030 (1)1,166,111 
TSMC Arizona Corp1.750%, $985,000 par, due 10/25/2026 (1)879,920 
Texas Electric Market Stabilization Funding N LLC4.265%, $910,000 par, due 8/1/2034 (1)869,514 
Toronto-Dominion Bank/The2.800%, $1,370,000 par, due 3/10/2027 (1)1,258,235 
Toyota Auto Loan Extended Note Trust 2022-13.820%, $735,000 par, due 7/25/2030 (1)703,035 
Toyota Auto Loan Extended Note Trust 2019-12.560%, $390,000 par, due 10/25/2026 (1)374,443 
Toyota Auto Loan Extended Note Trust 2020-11.350%, $1,290,000 par, due 7/25/2027 (1)1,177,473 
TransCanada PipeLines Ltd4.625%, $75,000 par, due 3/1/2034 (1)68,621 
Truist Financial Corp4.123%, $1,380,000 par, due 6/6/2028 (1)1,319,101 
Truist Financial Corp4.260%, $795,000 par, due 7/28/2026 (1)781,771 
USAA Capital Corp2.125%, $275,000 par, due 5/1/2030 (1)226,009 
Union Pacific Corp3.950%, $400,000 par, due 9/10/2028 (1)384,068 
US Bancorp5.727%, $1,440,000 par, due 10/21/2026 (1)1,467,288 
United States Treasury Note/Bond1.750%, $695,000 par, due 8/15/2041 (1)479,550 
United States Treasury Note/Bond2.000%, $6,540,000 par, due 11/15/2041 (1)4,703,699 
United States Treasury Note/Bond3.250%, $2,390,000 par, due 5/15/2042 (1)2,112,163 
United States Treasury Note/Bond2.500%, $30,595,000 par, due 5/15/2024 (1)29,691,530 
United States Treasury Note/Bond1.375%, $3,630,000 par, due 10/31/2028 (1)3,140,785 
United States Treasury Note/Bond2.750%, $45,875,000 par, due 4/30/2027 (1)43,523,906 
United States Treasury Note/Bond3.000%, $44,295,000 par, due 7/15/2025 (1)42,938,244 
United States Treasury Note/Bond2.625%, $36,825,000 par, due 7/31/2029 (1)33,993,894 
United States Treasury Note/Bond4.250%, $26,885,000 par, due 10/15/2025 (1)26,891,184 
Verizon Communications Inc4.500%, $675,000 par, due 8/10/2033 (1)634,250 
Verizon Communications Inc1.750%, $1,575,000 par, due 1/20/2031 (1)1,225,901 
Verizon Communications Inc2.355%, $360,000 par, due 3/15/2032 (1)285,772 
Viatris Inc2.700%, $280,000 par, due 6/22/2030 (1)219,500 
Volkswagen Group of America Finance LLC0.875%, $840,000 par, due 11/22/2023 (1)807,937 
Volkswagen Auto Lease Trust 2022-A3.440%, $370,000 par, due 10/20/2024 (1)361,960 
WEC Energy Group Inc0.800%, $660,000 par, due 3/15/2024 (1)625,475 
Wisconsin Electric Power Co1.700%, $240,000 par, due 6/15/2028 (1)204,463 
Blackrock Treasury Trust Fund3.960%, $494,491 shares(1)4,094,491 
Total334,877,445 
Accrued income receivable 2,601,585 
Payable for investment payments due(2,055,872)
Payable for daily variation margin on futures contracts(33,836)
Total335,389,322 
Total investments in security-backed contracts4,529,613,779 
Collective Trust Funds, (3.40%)
Short-Term Investment Fund A S173,236,347 units(1)173,035,668 
173,035,668 
4,702,649,447 
     57    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2022
Description of investment, including
maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar partycollateral, par, or maturing valueCostCurrent value
*Wells Fargo – ESOP Fund
BNY Interest-bearing CashInterest-bearing Cash(1)$1,431,750 
BlackRock Liquidity Treasury InstMutual Fund(1)91,085,511 
*Wells Fargo & Company common stock - allocatedCommon Stock Fund8,391,442,3098,330,702,525 
*Wells Fargo & Company common stock - unallocatedCommon Stock Fund429,196,904 426,511,249 
Total8,849,731,035 
$45,765,299,298 
*Represents a party-in-interest.
(1)Cost information not required as investments are participant directed.
See accompanying report of independent registered public accounting firm.
58


EXHIBITS
    
Exhibit No.DescriptionLocation
Filed herewith.

        
    

59


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/ Mark Hickman            
Mark Hickman
Senior Vice President
Head of Benefits
Wells Fargo & Company
                                                
June 21, 2023