Annual Report of Employee Stock Plans (11-k)

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, 2021

[ ] 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, 2021 and 2020

Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2021

Notes to Financial Statements

Supplemental Schedule:

Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2021

(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, 2021

(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, 2021 and 2020, the related statement of changes in net assets available for benefits for the year ended December 31, 2021, 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, 2021 and 2020, and the changes in net assets available for benefits for the year ended December 31, 2021, 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, 2021 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 24, 2022


WELLS FARGO & COMPANY 401(k) PLAN
Statements of Net Assets Available for Benefits
December 31, 2021 and 2020
				2021		2020
Assets:
	Investments at fair value:





















		Allocated		$	50,216,693,009	41,997,295,666
		Unallocated		702,202,258		1,054,953,698
			Investments at fair value	50,918,895,267		43,052,249,364
	Investments at contract value			4,670,206,905		4,655,744,112
			Total investments	55,589,102,172		47,707,993,476
	Notes receivable from participants			778,816,136		834,307,016
	Employer match contribution receivable			—		240,175,579

	Accrued income			4,914		70,604
			Total assets	56,367,923,222		48,782,546,675
Liabilities:
	ESOP notes payable – unallocated			646,272,255		874,843,759
	Excess contributions and earnings payable			3,363		12,027
			Total liabilities	646,275,618		874,855,786
			Net assets available for benefits	$	55,721,647,604	47,907,690,889


See accompanying notes to financial statements.


WELLS FARGO & COMPANY 401(k) PLAN
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2021
			2021
Additions to net assets attributed to:
Investment income:
	Net appreciation in fair value of investments		$	9,119,541,696
	Dividends		655,533,792
	Interest		87,219,822
		Total investment income	9,862,295,310
Contributions:
	Employer		1,023,052,807
	Participants		1,844,312,544
	Rollovers		195,119,666
		Total contributions	3,062,485,017
Interest income from notes receivable from participants			51,085,797
Other income			5,611,764
		Total additions to plan assets	12,981,477,888
Deductions to net assets attributed to:
Benefits paid to participants			5,150,728,467
ESOP interest expense			15,905,711
Administrative expense			886,995
		Total deductions from plan assets	5,167,521,173
		Net increase	7,813,956,715
Net assets available for benefits:
	Beginning of year		47,907,690,889
	End of year		$	55,721,647,604


See accompanying notes to financial statements.

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

(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 are 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.

The Plan Administrator is the Director of Human Resources and the Director of Compensation and Benefits of the Company, each of whom may act individually or jointly as the Plan Administrator, or its authorized delegate. Effective January 1, 2021, the Plan Administrator hired Empower Retirement, LLC to serve as the 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 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 effective January 1, 2021, between the Company and Great-West Trust Company, LLC (the "Trustee"), succeeding Wells Fargo Bank, N.A., 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 is the appointed Independent Fiduciary (the “Independent Fiduciary”) to act as a named fiduciary for limited purposes in connection with the ESOP provisions of the Plan.

Effective January 1, 2021, Wells Fargo made certain changes relating to matching contributions under the Plan, with the result that the Plan is no longer considered a safe harbor plan under the IRC and is subject to annual nondiscrimination testing requirements from which it was previously exempt.

(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.

5 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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.

Effective January 1, 2021, 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.

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 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, 2021, 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.

6 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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 or 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 2021 or 2020, 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. Prior to January 1, 2021, the option of installment payments was only available to participants who commenced installment payments prior to January 1, 2010. Certain participants with grandfathered benefits from plans merged into the Plan may also take their benefit as an annuity. Distributions from all funds are made in cash; however, a participant invested in the Company’s common stock may elect to receive shares of the Company’s common stock in-kind with the value of fractional shares paid in cash. 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 $620,000 for the year ended December 31, 2021. The unallocated forfeiture account balance was $0 for both years ended December 31, 2021 and 2020.

7 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 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. Pursuant to the CARES Act, from June 15, 2020 to September 22, 2020, a qualifying participant was permitted to request pandemic-related loans up to $100,000 in accordance with applicable CARES Act guidance.

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, 2021 and 2020, interest rates ranged from 3.25% to 11.50% and loans mature through December 30, 2041 and November 30, 2040, respectively . Pursuant to the CARES Act, from June 15, 2020 to December 31, 2020, qualifying participants were permitted to temporarily suspend repayments on Plan loans, and then those suspended loans were re-amortized on January 29, 2021, and payments were restated.

(g) ESOP

The Plan has purchased Company preferred stock using the proceeds of the ESOP loans. As the Plan makes payments of principal on the loans, an appropriate percentage of preferred shares are released and converted to common stock. Common stock equal in value to the employer’s matching contribution is allocated to the participants’ accounts and invested in the Wells Fargo ESOP Fund.

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 uses 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

8 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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.

(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.

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

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

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

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

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

9 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

(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 Wells Fargo/BlackRock Short Term Investment Fund S, which invests in highly liquid assets. The Stable Value Fund uses this investment for daily liquidity needs.

A security-backed contract is an investment contract (also known as a synthetic guaranteed investment contract (GIC) or a separate account GIC) issued by an insurance company or other financial institution, backed by a portfolio of bonds. The bond portfolio is either owned directly by the Stable Value Fund or owned by the contract issuer and segregated in a separate account for the benefit of the Stable Value Fund. The portfolio underlying the contract is maintained separately from the contract issuer’s general assets, usually by a third-party custodian. The issuer guarantees that all qualified participant withdrawals will be at contract value. In the case of a full liquidation event,

10 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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) attached to the Form 5500 filed by the Plan with the Department of Labor (DOL). The short‑term investment fund investment is carried at the reported unit value of the fund. The underlying assets may contain issues that are considered illiquid.

(iii) Withdrawal and Termination Provisions

All security-backed contracts held by the Stable Value Fund are fully benefit responsive, which means withdrawals from these investment contracts may be made at contract value for qualifying benefit payments, including participant‑directed transfers.

Security-backed contracts generally are evergreen contracts that contain termination provisions, allowing the Stable Value Fund or the contract issuer to terminate with notice, at any time at fair value, and providing for automatic termination of the contract if the contract value or the fair value of the underlying portfolio equals zero. The issuer is obligated to pay the excess contract value when the fair value of the underlying portfolio equals zero. Security-backed contracts are not assignable or transferable without consent of the issuer and have no publicly traded secondary market.

Security-backed contracts that permit the issuer to terminate at fair value generally provide that the Stable Value Fund may elect to convert such termination to an amortization election as described below. In addition, if the Stable Value Fund defaults in its obligations under the contract (including the issuer’s determination that the agreement constitutes a nonexempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Stable Value Fund will receive the fair value as of the date of termination. Each contract recognizes certain “events of default” which can invalidate contracts’ coverage. Among these are investments outside of the

11 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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

•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.

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WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

(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 2021 were $350,227 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.

(j) Excess Contributions and Earnings Payable

Excess contributions and earnings payable represent contributions made for participants in excess of IRC limitations that are to be refunded as of year-end. As of December 31, 2021 and 2020, $3,363 and $12,027, respectively, of excess contributions and earnings thereon are required to be refunded in the subsequent year. Excess contributions and earnings are netted against contributions and interest income in the statements of changes in net assets available for benefits.

(3) Wells Fargo ESOP Fund

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 represent leveraged shares. These shares are held in an account called the “Unallocated Reserve.” The leveraged shares are released from the Unallocated Reserve as the ESOP loans are repaid and any preferred shares are converted into Company common stock for allocation to participants’ Plan accounts. The preferred shares are convertible into $1,000 worth of common shares based on the then current market price of the common stock. Such stock is used to provide all or part of the Company matching contributions credited to participants’ accounts.

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WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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 provides that dividends received on the Company’s preferred stock 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 are released due to the use of such dividends for ESOP loan payments will be 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 are not sufficient to make required ESOP loan payments, employer contributions will be applied to make the required payments.

(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, 2021 and 2020 and for the year ended December 31, 2021 is presented in the following tables and also discussed in Note 8.

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WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021


			2021		2020
			ESOP		ESOP
			Unallocated		Unallocated
Assets:
	Company convertible preferred stock		$	699,820,363	989,631,427
	Money market funds		—		25,292,257
		Total investments	699,820,363		1,014,923,684
	Accrued income		566		4,175
		Total assets	699,820,929		1,014,927,859
Liabilities:
	Notes payable		646,272,255		874,843,759
		Total liabilities	646,272,255		874,843,759
		Net assets available for benefits	$	53,548,674	140,084,100
Company convertible preferred shares:
	Number of shares		609,434		822,242
	Cost		$	646,272,223	874,843,715


			2021
			ESOP
			Unallocated
Employer matching contributions			$	152,883,666
Net depreciation			(77,003,212)
Dividend income			66,297,684
Notes payable interest expense			(15,905,711)
Conversion of preferred stock			(228,571,492)
Debt principal payments			228,571,492
Release of common stock - 4,435,345 shares			(212,807,853)
		Decrease in net assets	(86,535,426)
Net assets:
	Beginning of year		140,084,100
	End of year		$	53,548,674

15 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

(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, 2021 and 2020.

Investments in mutual funds, including money market funds, are valued at fair value based upon quoted prices in an active market.

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 values.

Investments in the Company’s convertible preferred stock are valued at appraised value by an independent pricing service. The independent pricing service models the expected cash flows with the contractual dividends and the Company’s common shares equal to $1,000 upon conversion of a preferred share. The independent pricing service then discounts the cash flows back to the present value by the appropriate discount rate which is determined by analyzing a variety of market yields, including yields on preferred securities and bonds issued by the Company and institutions similar to the Company.

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

16 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

market funds that are valued at NAV 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 it valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2021 and 2020, respectively:


				December 31, 2021
				Level 1		Level 2	Level 3	Total
Collective investment funds				$	—	26,017,676,784	—	26,017,676,784
Mutual funds				971,000,822		—	—	971,000,822
Multi-manager funds:
	Collective investment funds			—		9,899,698,954	—	9,899,698,954
	Mutual funds			3,514,653,738		—	—	3,514,653,738
		Total multi-
			manager funds	3,514,653,738		9,899,698,954	—	13,414,352,692
Stable Value Fund
	Collective investment funds			—		212,268,459	—	212,268,459
Company common stock				9,603,776,147		—	—	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

17 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021


				December 31, 2020
				Level 1		Level 2	Level 3	Total
Collective investment funds				$	—	23,196,528,648	—	23,196,528,648
Mutual funds				937,947,632		—	—	937,947,632
Multi-manager funds:
	Collective investment funds			—		7,578,276,349	—	7,578,276,349
	Mutual funds			3,903,618,759		—	—	3,903,618,759
		Total multi-
			manager funds	3,903,618,759		7,578,276,349	—	11,481,895,108
Stable Value Fund
	Collective investment funds			—		222,618,539	—	222,618,539
Company common stock				6,077,601,259		—	—	6,077,601,259
Company convertible preferred
	stock			—		—	989,631,427	989,631,427
Money market funds				—		146,026,751	—	146,026,751
		Total investments
			at fair value	$	10,919,167,650	31,143,450,287	989,631,427	43,052,249,364

There were no transfers between the fair value levels in 2021.

18 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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, 2020	$	989,631,427
Realized losses	(15,763,639)
Unrealized losses relating to instruments still held at the reporting date	(45,475,933)
Conversions	(228,571,492)
Balance, December 31, 2021	$	699,820,363

Level 3 Significant Unobservable Inputs

The following table provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of those Level 3 assets measured at fair value for which the Plan uses an internal model.

Significant

Fair value

Valuation

unobservable

Range of

Weighted

Level 3

techniques

inputs

average (1)

December 31, 2021:

Convertible preferred stock

699,820,363

Discounted

Discount

cash flow

rate

2.55%-3.36%

3.14

December 31, 2020:

Convertible preferred stock

989,631,427

Discounted

Discount

cash flow

rate

1.90%-2.40%

2.26

(1) Weighted averages are calculated using outstanding shares at the end of the year.

(6) Concentration of Investments

At December 31, 2021 and 2020, the Plan owned approximately 3.65% and 3.67%, respectively, of the issued common stock of the Company. The Plan’s investment in shares of the Company’s common and preferred stock aggregate 18.54% and 16.43% of total investments at fair value as of December 31, 2021 and 2020, respectively. The quoted market price of the Company’s common stock was $47.98 and $30.18 as of December 31, 2021 and 2020, respectively.

(7) Related-Party Transactions and Party in Interest

The Plan engages in transactions involving acquisition or disposition of units of participation in collective investment funds and mutual funds managed by affiliates of the Company, which are parties in interest with respect to the Plan. These transactions are covered by an exemption from

19 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

the “prohibited transaction” provisions of ERISA and the IRC. Additionally, the Stable Value Fund manager was an affiliate of the Company until October 2021 and the Company pays the investment management fees of such affiliate that are associated with the Stable Value Fund.

During 2021 and 2020, the Plan allowed 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.

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.

(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, 2021, 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 are reviewing certain transactions associated with the ESOP, including the manner in which the 401(k) plan purchased securities used in connection with the Company’s contributions to the 401(k) plan. The Plan Sponsor received written notification dated August 29, 2014, from the DOL advising the Plan had been selected for review by the DOL. The Company is in resolution discussions with the Department of Labor, although there can be no assurance to the outcome of these discussions.

20 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

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:


		2021		2020
2.30% 2012 ESOP Convertible Preferred Stock Note, due
	December 2021	$	—	22,573,596
1.30% 2013 ESOP Convertible Preferred Stock Note, due
	December 2022	28,523,120		67,523,320
1.50% 2014 ESOP Convertible Preferred Stock Note, due
	December 2023	67,975,380		107,975,439
1.48% 2015 ESOP Convertible Preferred Stock Note, due
	December 2024	74,153,845		101,153,919
1.70% 2016 ESOP Convertible Preferred Stock Note, due
	December 2025	139,420,680		176,420,700
1.90% 2017 ESOP Convertible Preferred Stock Note, due
	December 2026	139,594,455		168,595,930
2.25% 2018 ESOP Convertible Preferred Stock Note, due
	December 2027	196,604,775		230,600,855
		$	646,272,255	874,843,759

Maturities of notes payable calculated based on the contractual agreements are as follows:


Year ending December 31:
		2022	$	33,347,142
		2023	195,785,463
		2024	147,094,500
		2025	127,421,400
		2026	84,335,850
	Thereafter		58,287,900
			$	646,272,255

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, 2021

21 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

and 2020 was approximately $644 million and $899 million, respectively, determined by using interest rates currently available for issuance of debt with similar terms and remaining maturities.

(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.

(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 & Company (“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 purports to bring this action on behalf of “all participants and beneficiaries in the Wells Fargo & Company 401(k) Plan from March 13, 2014 through the date of judgment.” Plaintiff alleges 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 asserts 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 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

22 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

approval of the class action settlement. The Court scheduled a final fairness hearing for August 10, 2022.

b)Plaintiffs filed two securities class actions in the Northern District of California against the Company and certain individual defendants: (1) Hefler v. Wells Fargo & Company et al., No. 16-cv-05479, filed on September 26, 2016 by Robbins Geller Rudman & Dowd LLP; and (2) Klein v. Wells Fargo & Company et al., No. 16-cv-05513, filed on September 28, 2016 by Pomerantz LLP. On January 5, 2017, Judge Jon S. Tigar issued an order consolidating the two cases. On March 6, 2017, plaintiffs filed a Consolidated Class Action Complaint for Violations of the Federal Securities Laws (the “First Consolidated Complaint”).

On March 15, 2018, plaintiffs filed a Second Consolidated Class Action Complaint for Violations of the Federal Securities Laws. In the second amended complaint, Plaintiffs purported to represent a class of all persons who acquired Wells Fargo common stock between February 26, 2014 and September 20, 2016. Plaintiffs alleged that defendants made material misstatements and omissions regarding, inter alia, Wells Fargo’s (i) cross-sell metrics, (ii) cross-selling strategy and the purpose of the strategy, (iii) risk management and the effectiveness of internal controls over financial reporting, and (iv) corporate culture and business practices. Plaintiffs allege that these misstatements and omissions were made in, inter alia, Wells Fargo’s quarterly and annual financial statements during the Class Period, quarterly and annual earnings press releases and analyst and investor conference calls, presentations at various investor and industry conferences, and in certain other public statements. On July 30, 2018, the parties entered into a Stipulation and Agreement of Settlement (the “Settlement Agreement”). Therein, Wells Fargo agreed to pay $480,000,000 on behalf of all Defendants for the benefit of the settlement class in return for a release by the class members of all claims relating to the purchase, acquisition, or ownership of Wells Fargo common stock during the Class Period that were asserted or could have been asserted in the action and which relate to the allegations, facts, and circumstances referred to in the complaint.

The deadline for class members to opt out of the settlement or object to its terms was November 27, 2018. The hearing on final approval of the settlement was held on December 18, 2018, and the Court issued an order the same day granting final approval to the settlement. The deadline for class members to submit a claim under the settlement was January 23, 2019. The Plan received notice of the pendency of the proposed class settlement as a result of the Wells Fargo stock purchased and sold in the Plan during the Class Period on behalf of the Plan participants.

In order to avoid any potential conflict of interest with respect to whether to opt in or out of the settlement, the Employee Benefit Review Committee retained an Independent Fiduciary to review the settlement and determine whether it was in the best interest of the Plan participants and beneficiaries for the Trustee of the Plan to opt in or out of the settlement and then direct the Trustee whether to file a claim. The Independent Fiduciary determined that it is in the best interest of the Plan participants and beneficiaries for the Trustee to file a claim and directed the

23 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

Trustee to file a claim. The Independent Fiduciary worked with the Trustee to determine the amount of the claim, and the Trustee timely filed the claim with the settlement administrator.

The Court previously granted a motion for preliminary approval of the settlement and held a fairness hearing on December 18, 2018, during which the Court granted the motions. The settlement proceeds disbursed to the Plan was dependent on, among other things, the total number of class members who submit claims under the settlement. The settlement administrator disbursed funds to the Trustee in the amount of $40,039,393 on October 8, 2020, which was allocated on February 16, 2021 to Plan participants with positive net purchases in the Wells Fargo ESOP and Non-ESOP Funds greater than $10 (which was the minimum approved by the Court) between and including February 26, 2014 and September 20, 2016. The settlement excluded the following individuals and entities: (i) Defendants; (ii) Immediate Family Members of any Individual Defendant; (iii) any person who was a director or member of the Operating Committee of Wells Fargo during the Class Period and their Immediate Family Members; (iv) any parent, subsidiary or affiliate of Wells Fargo; (v) any firm, trust, corporation, or other entity in which Defendants or any other excluded person or entity has, or had during the Class Period, a controlling interest; and (vi) the legal representatives, agents, affiliates, heirs, successors-in-interest or assigns of any such excluded persons or entities. On September 1, 2021, the Plan received $5,611,764 in residual proceeds representing accrued interest. These residual proceeds were allocated to eligible participants’ Plan accounts on September 27, 2021, in the same manner as the original proceeds.

c)Plan participants filed three putative class actions, now consolidated into one action, In re: Wells Fargo ERISA 401(k) Litigation (D. Minn.) against Wells Fargo and various individuals alleged to be fiduciaries under the Plan. The lawsuit alleges that the Company’s stock should not have been offered as an investment option in the Plan and seeks damages, as a result of the drop in the Company’s stock price. This consolidated class action arises out of the Wells Fargo government consent orders relating to sales practices, which were announced publicly on September 8, 2016.

Plaintiffs challenge the decision to offer the Wells Fargo Stock Fund as an investment option, alleging that the stock was trading at an artificially high price due to allegedly undisclosed sales practices and that the defendants should have acted on that information to prevent Plan participant losses when the stock price declined. Plaintiffs filed a consolidated, amended complaint on December 21, 2016, and defendants moved to dismiss the action on April 3, 2017. On September 21, 2017, the Court dismissed the action but allowed the plaintiffs to replead one count of the prior complaint. Plaintiffs filed an amended complaint, which defendants moved to dismiss on December 4, 2017. On July 19, 2018, the District Court dismissed the action completely. In July 2020, the United States Court of Appeals for the Eighth Circuit affirmed the District Court's dismissal. Plaintiffs' filed a petition for certiorari in the U.S. Supreme Court, and Wells Fargo's response was filed on March 1, 2021. On May 3, 2021, the Supreme Court denied the petition for writ of certiorari affirming the decisions of the lower courts, therefore the action is closed.

24 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2021

(14) Subsequent Events

In accordance with ASC 855, Subsequent Events, the Plan has events that have occurred subsequent to period end December 31, 2021 through June 24, 2022, the date at which the financial statements were issued that require disclosure as follows:

Effective January 1, 2022 Wells Fargo amended and restated the Plan to make various updates and changes to reflect applicable changes in law and administrative procedures, none of which is expected to have a material impact on participants’ benefits under the Plan as described in footnote (1).

(15) Reconciliation of Financial Statements to the Form 5500

The following is a reconciliation of net assets available for benefits per the financial statement at December 31, 2021 to net assets per the Form 5500:


Net assets available for benefits per the financial statements				$	55,721,647,604
	Adjustment from contract value to fair value for fully benefit
		responsive investment contracts		86,959,845
	Deemed loan distributions			(41,987,668)
			Net assets per the Form 5500	$	55,766,619,781

The following is a reconciliation of increases (decreases) in net assets available for benefits per the financial statements for the year ended December 31, 2021, to the net income per the Form 5500:


Increase in net assets available for benefits per the financial statements				$	7,813,956,715
	Change in the adjustment from contract value to fair value for
		fully benefit responsive investment contracts at December 31, 2021		86,959,845
	Deemed loan distributions			(41,987,668)
			Net income per the Form 5500	$	7,858,928,892


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
			Description of investment, including
			maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value		Cost	Current value
*	Participant loans		Participant loans,
				interest rates ranging from 3.25% to
				11.50%, maturing at various dates
				through December 30, 2041		$	736,828,468

	State Street Cons Target Ret 2015 NL P		Collective Investment Fund		(1)	128,299,694
	State Street Cons Target Ret 2020 NL P		Collective Investment Fund		(1)	458,066,467
	State Street Cons Target Ret 2025 NL P		Collective Investment Fund		(1)	1,369,870,246
	State Street Cons Target Ret 2030 NL P		Collective Investment Fund		(1)	1,305,409,891
	State Street Cons Target Ret 2035 NL P		Collective Investment Fund		(1)	1,085,451,541
	State Street Cons Target Ret 2040 NL P		Collective Investment Fund		(1)	1,256,485,495
	State Street Cons Target Ret 2045 NL P		Collective Investment Fund		(1)	868,362,532
	State Street Cons Target Ret 2050 NL P		Collective Investment Fund		(1)	1,306,156,574
	State Street Cons Target Ret 2055 NL P		Collective Investment Fund		(1)	509,069,882
	State Street Cons Target Ret 2060 NL P		Collective Investment Fund		(1)	203,556,810
	State Street Cons Target Ret 2065 NL P		Collective Investment Fund		(1)	28,531,489
	State Street Cons Target Ret Income NL P		Collective Investment Fund		(1)	179,703,903
	State Street International Index M		Collective Investment Fund		(1)	786,226,400
	State Street Russell Sm Cap Index NL CL K		Collective Investment Fund		(1)	1,092,169,294
	State Street S&P Mid Cap Index NL CL M		Collective Investment Fund		(1)	2,628,276,813
	State Street NASDAQ 100 Index NL CL M		Collective Investment Fund		(1)	4,425,235,305
	State Street S&P 500 Index K NL		Collective Investment Fund		(1)	6,655,689,497
	State Street U.S. Bond Index NL M		Collective Investment Fund		(1)	1,731,114,951
						26,017,676,784

	BlackRock Liquidity Treasury Inst		Mutual Fund		(1)	971,000,822
						971,000,822
	Large Cap Value Fund		Multi-Manager Fund
		Dodge & Cox Stock		Mutual Fund	(1)	1,180,526,020
		T Rowe Price Equity Income TR F		Common Collective Fund	(1)	1,146,087,637
		MFS Large Cap Value CL 5		Common Collective Fund	(1)	1,146,082,916
						3,472,696,573

	Large Cap Growth Fund		Multi-Manager Fund
		Los Angeles Capital Large Cap Growth A		Common Collective Fund	(1)	854,191,482
		T Rowe Price Blue Chip Growth Trust T7		Common Collective Fund	(1)	854,233,275
		Brown Advisory Sustainable Growth		Common Collective Fund	(1)	854,210,573
		Jennison Large Cap Growth		Common Collective Fund	(1)	854,226,368
		Jackson Square Large Cap Growth IS		Mutual Fund	(1)	853,915,678
						4,270,777,376
	Small Cap Fund		Multi-Manager Fund
*		Wells Fargo Emerging Growth E4		Common Collective Fund	(1)	331,597,049
		Peregrine Small Cap Value		Common Collective Fund	(1)	331,589,705
		State Street Russell Sm Cap Index NL CL K		Common Collective Fund	(1)	683,282,048
		Wellington Select Small Cap Growth		Common Collective Fund	(1)	331,591,433
		Wellington Small Cap Value		Common Collective Fund	(1)	331,924,428
						2,009,984,663
	International Equity Fund		Multi-Manager Fund
		Causeway International Value Equity F		Common Collective Fund	(1)	405,598,076
		Sprucegrove International F		Common Collective Fund	(1)	405,595,493
		American EuroPacific Growth R6		Mutual Fund	(1)	811,204,431
						1,622,398,000
	Emerging Markets Equity Fund		Multi-Manager Fund
		Acadian Emerging Markets Equity A		Common Collective Fund	(1)	294,591,436
		Lazard Emerging Markets Equity C		Common Collective Fund	(1)	210,423,749
		Baillie Gifford Emerging Markets EQS K		Mutual Fund	(1)	210,424,793
		DFA Emerging Markets Small Cap		Mutual Fund	(1)	126,253,587
						841,693,565
	Diversified Real Asset Fund		Multi-Manager Fund
		Principal Diversified Real Asset II		Common Collective Fund	(1)	108,150,680
		State Street Real Asset NL Series A		Common Collective Fund	(1)	36,058,967
						144,209,647
	Global Bond Fund		Multi-Manager Fund
		Federated Total Return Bond IS		Mutual Fund	(1)	66,386,200
		Franklin Global Opportunities Bond IS		Mutual Fund	(1)	132,784,513
		PIMCO Global Advantage Strategy BD		Mutual Fund	(1)	133,158,516
						332,329,229

26 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
					Description of investment, including
					maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party					collateral, par, or maturing value		Cost	Current value
	State Street Emerging Mkts Index A					Common Collective Fund	(1)	$	190,678,355
								190,678,355

	BlackRock MSCI ACWI ESG Focus Index F					Common Collective Fund	(1)	529,585,284
								529,585,284
								13,414,352,692

*	Wells Fargo Stable Value Fund
		Security-backed contracts:
			American General Life Ins. Co.		1.72%		(1)	—
			Massachusetts Mutual Life Ins.		1.89%		(1)	—
			Nationwide Life Ins. Co.		1.95%		(1)	—
			Pacific Life Ins. Co.		2.05%		(1)	—
			Prudential Ins. Co. of America		2.11%		(1)	—
			Royal Bank of Canada		1.79%		(1)	—
			State Street Bank and TrustCo.		1.95%		(1)	—
			Transamerica Premier Life Ins. Co.		1.98%		(1)	—
			Voya Ins. and Annuity Co.		1.76%		(1)	—
*				Wells Fargo Fixed Income Fund C2	12,151,573 units		(1)	370,630,256
						Total		370,630,256

			American General Life Ins. Co.		1.72%		(1)	—
			Massachusetts Mutual Life Ins.		1.89%		(1)	—
			Nationwide Life Ins. Co.		1.95%		(1)	—
			Pacific Life Ins. Co.		2.05%		(1)	—
			Prudential Ins. Co. of America		2.11%		(1)	—
			Royal Bank of Canada		1.79%		(1)	—
			State Street Bank and TrustCo.		1.95%		(1)	—
			Transamerica Premier Life Ins. Co.		1.98%		(1)	—
			Voya Ins. and Annuity Co.		1.76%		(1)	—
*				Wells Fargo Fixed Income Fund Q2	30,195,458 units		(1)	371,847,943
						Total		371,847,943

			Metropolitan Life Ins. Co.		1.71%		(1)	—
				Separate account 771			(1)	364,712,212
				Separate account 690			(1)	290,727,769
						Total		655,439,981

			American General Life Ins. Co.		1.72%		(1)	—
			Massachusetts Mutual Life Ins.		1.89%		(1)	—
			Nationwide Life Insurance Co.		1.95%		(1)	—
			Pacific Life Ins. Co.		2.05%		(1)	—
			Prudential Ins. Co. of America		2.11%		(1)	—
			Royal Bank of Canada		1.79%		(1)	—
			State Street Bank and TrustCo.		1.95%		(1)	—
			Transamerica Premier Life Ins. Co.		1.98%		(1)	—
			Voya Ins. and Annuity Co.		1.76%		(1)	—
				3M Co	2.650%, $225,000 par, due 4/15/2025		(1)	234,938
				7-Eleven Inc	0.625%, $430,000 par, due 2/10/2023		(1)	428,401
				7-Eleven Inc	0.800%, $1,070,000 par, due 2/10/2024		(1)	1,057,959
				Abay Leasing 2014 LLC	2.654%, $1,587,500 par, due 11/9/2026		(1)	1,642,004
				AbbVie Inc	2.300%, $3,680,000 par, due 11/21/2022		(1)	3,731,689
				Access Group Inc 2013-1	0.602%, $906,608 par, due 2/25/2036		(1)	893,143
				AEP Texas Inc	2.400%, $153,000 par, due 10/1/2022		(1)	154,841
				Alabama Federal Aid Highway Finance Authority	0.449%, $3,215,000 par, due 9/1/2023		(1)	3,195,131
				Alexandria Real Estate Equities Inc	3.450%, $2,000,000 par, due 4/30/2025		(1)	2,122,770
				Alliant Energy Finance LLC	3.750%, $166,000 par, due 6/15/2023		(1)	171,959
				Ally Auto Receivables Trust 2019-1	2.910%, $392,546 par, due 9/15/2023		(1)	394,784
				Ally Auto Receivables Trust 2019-3	1.930%, $737,478 par, due 5/15/2024		(1)	741,688
				Ameren Illinois Co	2.700%, $620,000 par, due 9/1/2022		(1)	625,696
				Ameren Illinois Co	3.250%, $2,505,000 par, due 3/1/2025		(1)	2,628,574
				American Express Co	3.400%, $355,000 par, due 2/27/2023		(1)	365,272
				American Express Co	3.700%, $970,000 par, due 8/3/2023		(1)	1,011,457
				American Express Co	3.400%, $360,000 par, due 2/22/2024		(1)	377,591
				American Express Co	2.750%, $850,000 par, due 5/20/2022		(1)	855,928
				American Honda Finance Corp	3.450%, $274,000 par, due 7/14/2023		(1)	285,218
				American Honda Finance Corp	2.050%, $2,110,000 par, due 1/10/2023		(1)	2,141,211
				American Honda Finance Corp	0.750%, $2,620,000 par, due 8/9/2024		(1)	2,590,989
				American Honda Finance Corp	2.200%, $2,232,000 par, due 6/27/2022		(1)	2,251,505
				AmeriCredit Automobile Receivables Trust	0.370%, $2,915,000 par, due 8/18/2025		(1)	2,905,407

27 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	AmeriCredit Automobile Receivables Trust 2019-3	2.060%, $799,690 par, due 4/18/2024	(1)	$	802,266
	AmeriCredit Automobile Receivables Trust 2021-3	0.760%, $1,850,000 par, due 8/18/2026	(1)	1,839,622
	Amphenol Corp	3.200%, $58,000 par, due 4/1/2024	(1)	60,304
	Amphenol Corp	2.050%, $1,295,000 par, due 3/1/2025	(1)	1,319,854
	Analog Devices Inc	2.950%, $225,000 par, due 4/1/2025	(1)	236,369
	Anglo American Capital PLC	3.625%, $1,200,000 par, due 9/11/2024	(1)	1,259,893
	Ann Arbor School District	2.016%, $3,500,000 par, due 5/1/2023	(1)	3,553,305
	ARI Fleet Lease Trust 2018-B	3.220%, $185,644 par, due 8/16/2027	(1)	185,904
	ARI Fleet Lease Trust 2019-A	2.410%, $409,903 par, due 11/15/2027	(1)	411,355
	ARI Fleet Lease Trust 2021-A	0.370%, $3,585,000 par, due 3/15/2030	(1)	3,567,817
	Astrazeneca Finance LLC	0.700%, $1,460,000 par, due 5/28/2024	(1)	1,448,654
	AT&T Inc	1.381%, $1,680,000 par, due 6/12/2024	(1)	1,701,292
	AT&T Inc	2.300%, $560,000 par, due 6/1/2027	(1)	570,088
	AT&T Inc	1.650%, $1,400,000 par, due 2/1/2028	(1)	1,371,481
	AT&T Inc	0.900%, $1,980,000 par, due 3/25/2024	(1)	1,971,405
	Atmos Energy Corp	0.625%, $1,600,000 par, due 3/9/2023	(1)	1,593,978
	BA Credit Card Trust	0.340%, $2,630,000 par, due 5/15/2026	(1)	2,595,323
	BAE Systems Holdings Inc	3.850%, $700,000 par, due 12/15/2025	(1)	750,609
	BAE Systems Holdings Inc	3.800%, $1,850,000 par, due 10/7/2024	(1)	1,965,000
	Baker Hughes a GE Co LLC	2.773%, $1,312,000 par, due 12/15/2022	(1)	1,338,058
	BAKER HUGHES LLC/CO-OBL	1.231%, $1,275,000 par, due 12/15/2023	(1)	1,280,954
	Bank of America Corp	3.124%, $1,162,000 par, due 1/20/2023	(1)	1,163,307
	Bank of America Corp	1.084%, $960,000 par, due 7/23/2024	(1)	968,079
	Bank of America Corp	3.004%, $2,629,000 par, due 12/20/2023	(1)	2,683,499
	Bank of America Corp	3.864%, $567,000 par, due 7/23/2024	(1)	590,789
	Bank of America Corp	3.458%, $1,400,000 par, due 3/15/2025	(1)	1,464,387
	Bank of America Corp	0.810%, $3,500,000 par, due 10/24/2024	(1)	3,477,050
	Bank of America Corp	0.976%, $1,810,000 par, due 4/22/2025	(1)	1,795,819
	Bank of America Corp	1.530%, $5,900,000 par, due 12/6/2025	(1)	5,914,101
	Bank of Montreal	0.625%, $2,980,000 par, due 7/9/2024	(1)	2,940,053
	Bank of Montreal	3.300%, $749,000 par, due 2/5/2024	(1)	783,809
	Bank of Montreal	1.250%, $920,000 par, due 9/15/2026	(1)	900,864
	Bank of Montreal	2.500%, $1,952,000 par, due 1/11/2022	(1)	1,952,876
	Bank of New York Mellon Corp/The	2.661%, $370,000 par, due 5/16/2023	(1)	372,781
	Bank of Nova Scotia/The	1.300%, $1,090,000 par, due 9/15/2026	(1)	1,068,906
	Bank of Nova Scotia/The	0.400%, $680,000 par, due 9/15/2023	(1)	674,689
	Bank of Nova Scotia/The	0.650%, $2,460,000 par, due 7/31/2024	(1)	2,429,629
	Bank of Nova Scotia/The	3.400%, $391,000 par, due 2/11/2024	(1)	410,311
	Bank of Nova Scotia/The	1.950%, $860,000 par, due 2/1/2023	(1)	870,016
	Baxter International Inc	1.322%, $4,080,000 par, due 11/29/2024	(1)	4,075,222
	Bayer US Finance II LLC	1.213%, $860,000 par, due 12/15/2023	(1)	867,067
	Bayer US Finance II LLC	4.250%, $860,000 par, due 12/15/2025	(1)	930,596
	Bayer US Finance II LLC	3.875%, $454,000 par, due 12/15/2023	(1)	474,495
	Bayer US Finance LLC	3.375%, $735,000 par, due 10/8/2024	(1)	768,379
	Bell Telephone Co of Canada or Bell Canada/The	0.750%, $1,890,000 par, due 3/17/2024	(1)	1,870,843
	Black Hills Corp	3.950%, $2,360,000 par, due 1/15/2026	(1)	2,530,269
	Black Hills Corp	4.250%, $850,000 par, due 11/30/2023	(1)	892,656
	BMW US Capital LLC	2.950%, $1,485,000 par, due 4/14/2022	(1)	1,495,572
	BMW US Capital LLC	3.150%, $378,000 par, due 4/18/2024	(1)	394,788
	BMW US Capital LLC	0.800%, $890,000 par, due 4/1/2024	(1)	884,226
	BMW US Capital LLC	0.750%, $1,290,000 par, due 8/12/2024	(1)	1,275,938
	BMW Vehicle Lease Trust 2021-1	0.290%, $4,805,000 par, due 1/25/2024	(1)	4,790,052
	BMW Vehicle Owner Trust 2019-A	1.920%, $1,224,205 par, due 1/25/2024	(1)	1,231,201
	BNP Paribas SA	2.819%, $1,955,000 par, due 11/19/2025	(1)	2,012,422
	BNP Paribas SA	4.705%, $1,307,000 par, due 1/10/2025	(1)	1,391,663
	Boeing Co/The	2.700%, $470,000 par, due 5/1/2022	(1)	472,759
	Boeing Co/The	4.875%, $1,585,000 par, due 5/1/2025	(1)	1,734,792
	Boston Properties LP	3.125%, $635,000 par, due 9/1/2023	(1)	653,244
	Boston Properties LP	3.200%, $960,000 par, due 1/15/2025	(1)	1,005,481
	Boston Properties LP	3.800%, $624,000 par, due 2/1/2024	(1)	652,689
	BP Capital Markets America Inc	3.790%, $112,000 par, due 2/6/2024	(1)	117,919
	BP Capital Markets America Inc	2.750%, $917,000 par, due 5/10/2023	(1)	939,244
	BP Capital Markets America Inc	3.194%, $1,431,000 par, due 4/6/2025	(1)	1,508,792
	Brazos Higher Education Authority Inc	1.078%, $160,527 par, due 5/25/2029	(1)	160,622
	Bristol-Myers Squibb Co	0.537%, $2,470,000 par, due 11/13/2023	(1)	2,459,246
	Bristol-Myers Squibb Co	2.900%, $179,000 par, due 7/26/2024	(1)	187,347
	Burlington Northern Santa Fe LLC	3.050%, $787,000 par, due 9/1/2022	(1)	795,086
	Byron Center Public Schools	2.546%, $750,000 par, due 5/1/2024	(1)	774,615

28 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Canadian Natural Resources Ltd	2.950%, $1,300,000 par, due 1/15/2023	(1)	$	1,324,831
	Canadian Pacific Railway Co	1.350%, $2,420,000 par, due 12/2/2024	(1)	2,423,086
	Capital One Bank USA NA	2.014%, $710,000 par, due 1/27/2023	(1)	710,629
	Capital One Financial Corp	1.343%, $2,790,000 par, due 12/6/2024	(1)	2,807,189
	Capital One NA	0.964%, $1,549,000 par, due 8/8/2022	(1)	1,553,216
	Capital One Prime Auto Receivables Trust 2019-2	1.920%, $1,807,745 par, due 5/15/2024	(1)	1,820,554
	Capital One Prime Auto Receivables Trust 2021-1	0.770%, $3,605,000 par, due 9/15/2026	(1)	3,578,092
	Carmax Auto Owner Trust 2018-4	3.360%, $380,746 par, due 9/15/2023	(1)	383,434
	Carmax Auto Owner Trust 2019-4	2.020%, $3,528,759 par, due 11/15/2024	(1)	3,563,624
	Carmax Auto Owner Trust 2020-1	1.890%, $3,813,906 par, due 12/16/2024	(1)	3,848,044
	Carmax Auto Owner Trust 2021-1	0.340%, $4,300,000 par, due 12/15/2025	(1)	4,262,164
	CarMax Auto Owner Trust 2021-2	0.520%, $4,110,000 par, due 2/17/2026	(1)	4,086,499
	Carrier Global Corp	2.242%, $1,655,000 par, due 2/15/2025	(1)	1,695,342
	Caterpillar Financial Services Corp	2.850%, $135,000 par, due 5/17/2024	(1)	140,960
	CenterPoint Energy Resources Corp	0.700%, $1,960,000 par, due 3/2/2023	(1)	1,951,123
	CES MU2 LLC	2.166%, $3,044,073 par, due 12/16/2026	(1)	3,114,741
	Charles Schwab Corp/The	4.200%, $900,000 par, due 3/24/2025	(1)	978,869
	Charles Schwab Corp/The	3.625%, $1,500,000 par, due 4/1/2025	(1)	1,598,773
	Chesapeake Funding II LLC	3.390%, $523,065 par, due 1/15/2031	(1)	529,651
	Chesapeake Funding II LLC	1.950%, $1,377,382 par, due 9/15/2031	(1)	1,385,596
	Chesapeake Funding II LLC	0.870%, $3,110,584 par, due 8/16/2032	(1)	3,114,167
	Chesapeake Funding II LLC	0.470%, $3,966,916 par, due 4/15/2033	(1)	3,949,125
	Chevron Corp	1.554%, $1,390,000 par, due 5/11/2025	(1)	1,402,371
	Chubb INA Holdings Inc	3.350%, $500,000 par, due 5/15/2024	(1)	527,149
	Cigna Corp	3.750%, $62,000 par, due 7/15/2023	(1)	64,480
	Cintas Corp No 2	2.900%, $2,129,000 par, due 4/1/2022	(1)	2,137,556
	Cintas Corp No 2	3.250%, $660,000 par, due 6/1/2022	(1)	662,769
	Citigroup Commercial Mortgage Trust 2012-GC8	2.608%, $161,143 par, due 9/10/2045	(1)	161,469
	Citigroup Commercial Mortgage Trust 2014-GC19	3.552%, $816,348 par, due 3/10/2047	(1)	837,735
	Citigroup Inc	4.044%, $430,000 par, due 6/1/2024	(1)	448,182
	Citigroup Inc	1.281%, $860,000 par, due 11/3/2025	(1)	857,879
	Citigroup Inc	1.194%, $480,000 par, due 6/1/2024	(1)	484,302
	Citigroup Inc	3.352%, $331,000 par, due 4/24/2025	(1)	345,675
	Citigroup Inc	0.776%, $1,020,000 par, due 10/30/2024	(1)	1,013,536
	Citigroup Inc	0.981%, $1,550,000 par, due 5/1/2025	(1)	1,538,060
	Citizens Bank NA/Providence RI	3.250%, $1,140,000 par, due 2/14/2022	(1)	1,140,930
	Citizens Bank NA/Providence RI	2.250%, $1,045,000 par, due 4/28/2025	(1)	1,069,796
	Cleco Power LLC	0.703%, $620,000 par, due 6/15/2023	(1)	619,525
	CNH Equipment Trust 2019-A	3.010%, $364,106 par, due 4/15/2024	(1)	367,560
	CNH Equipment Trust 2021-C	0.810%, $3,690,000 par, due 12/15/2026	(1)	3,665,214
	COLGATE UNIVERSITY	2.180%, $1,135,000 par, due 7/1/2023	(1)	1,159,947
	College Loan Corp Trust I	0.874%, $5,945,000 par, due 4/25/2046	(1)	5,930,352
	Comcast Corp	3.700%, $1,000,000 par, due 4/15/2024	(1)	1,062,597
	Comerica Inc	3.700%, $326,000 par, due 7/31/2023	(1)	339,277
	COMM 2012-CCRE1 Mortgage Trust	3.053%, $4,923 par, due 5/15/2045	(1)	4,922
	COMM 2012-CCRE3 Mortgage Trust	2.372%, $227,910 par, due 10/15/2045	(1)	228,536
	COMM 2012-CCRE5 Mortgage Trust	2.388%, $478,654 par, due 12/10/2045	(1)	480,732
	Comm 2013-CCRE13 Mortgage Trust	4.194%, $810,000 par, due 11/10/2046	(1)	849,823
	COMM 2013-CCRE7 Mortgage Trust	3.213%, $379,318 par, due 3/10/2046	(1)	385,948
	COMM 2013-LC6 Mortgage Trust	2.941%, $321,686 par, due 1/10/2046	(1)	325,647
	COMM 2014-CCRE19 Mortgage Trust	3.499%, $1,656,925 par, due 8/10/2047	(1)	1,706,771
	COMM 2014-CR14 Mortgage Trust	3.743%, $1,123,800 par, due 2/10/2047	(1)	1,152,883
	CommonSpirit Health	2.760%, $415,000 par, due 10/1/2024	(1)	428,089
	Connecticut Light and Power Co/The	0.750%, $1,390,000 par, due 12/1/2025	(1)	1,351,605
	Cooperatieve Rabobank UA	2.625%, $2,005,000 par, due 7/22/2024	(1)	2,070,401
	Cooperatieve Rabobank UA	1.080%, $470,000 par, due 9/26/2023	(1)	473,735
	Corporate Action Adjustment	0.001%, $0 par, due 1/31/3100	(1)	—
	County of Berks PA	1.817%, $1,000,000 par, due 11/15/2022	(1)	1,011,210
	County of Howard MD	1.337%, $3,000,000 par, due 8/15/2023	(1)	3,029,670
	County of Spokane WA	2.096%, $1,135,000 par, due 12/1/2024	(1)	1,167,121
	County of Spokane WA	2.096%, $265,000 par, due 12/1/2024	(1)	272,950
	Credit Suisse Group AG	3.574%, $1,480,000 par, due 1/9/2023	(1)	1,480,419
	Credit Suisse Group AG	4.207%, $420,000 par, due 6/12/2024	(1)	437,036
	Credit Suisse Group AG	1.441%, $790,000 par, due 6/12/2024	(1)	798,087
	Credit Suisse Group AG	2.997%, $324,000 par, due 12/14/2023	(1)	329,243
	Credit Suisse Group AG	1.398%, $1,600,000 par, due 12/14/2023	(1)	1,612,181
	CRH America Inc	3.875%, $1,410,000 par, due 5/18/2025	(1)	1,506,877
	CubeSmart LP	4.000%, $730,000 par, due 11/15/2025	(1)	783,783

29 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	CVS Health Corp	2.625%, $690,000 par, due 8/15/2024	(1)	$	714,574
	Daimler Finance North America LLC	3.350%, $250,000 par, due 2/22/2023	(1)	256,955
	Daimler Finance North America LLC	1.750%, $3,145,000 par, due 3/10/2023	(1)	3,176,670
	Daimler Trucks Finance North America LLC	1.625%, $1,530,000 par, due 12/13/2024	(1)	1,541,850
	Daimler Trucks Finance North America LLC	1.125%, $3,030,000 par, due 12/14/2023	(1)	3,031,215
	Danone SA	3.000%, $830,000 par, due 6/15/2022	(1)	839,063
	Dell Equipment Finance Trust 2019-2	1.910%, $1,650,565 par, due 10/22/2024	(1)	1,657,622
	Dell Equipment Finance Trust 2020-1	2.260%, $693,821 par, due 6/22/2022	(1)	694,940
	Dell Equipment Finance Trust 2020-2	0.570%, $1,915,000 par, due 10/23/2023	(1)	1,913,252
	Dell Equipment Finance Trust 2021-1	0.430%, $4,778,000 par, due 5/22/2026	(1)	4,749,619
	Diageo Capital PLC	1.375%, $480,000 par, due 9/29/2025	(1)	477,571
	Discover Card Execution Note Trust	3.040%, $1,980,000 par, due 7/15/2024	(1)	1,981,647
	DLLAA 2021-1 LLC	0.670%, $5,750,000 par, due 4/17/2026	(1)	5,687,653
	DLLAD 2021-1 LLC	0.640%, $3,670,000 par, due 9/21/2026	(1)	3,604,593
	DLLMT 2021-1 LLC	1.000%, $3,210,000 par, due 7/21/2025	(1)	3,191,729
	DNB Boligkreditt AS	2.500%, $788,000 par, due 3/28/2022	(1)	791,968
	DTE Electric Co	3.375%, $1,470,000 par, due 3/1/2025	(1)	1,549,082
	DTE Electric Co	3.650%, $1,020,000 par, due 3/15/2024	(1)	1,068,106
	Duke Energy Carolinas LLC	3.050%, $1,193,000 par, due 3/15/2023	(1)	1,222,279
	Duke Energy Carolinas LLC	2.500%, $337,000 par, due 3/15/2023	(1)	342,609
	DuPont de Nemours Inc	4.493%, $965,000 par, due 11/15/2025	(1)	1,066,762
	DuPont de Nemours Inc	1.266%, $940,000 par, due 11/15/2023	(1)	952,286
	East Ohio Gas Co/The	1.300%, $1,515,000 par, due 6/15/2025	(1)	1,494,847
	Ecolab Inc	0.900%, $1,195,000 par, due 12/15/2023	(1)	1,196,698
	EdLinc Student Loan Funding Trust 2012-1	1.103%, $609,258 par, due 9/25/2030	(1)	611,321
	Edsouth Indenture No 2 LLC	1.253%, $76,568 par, due 9/25/2040	(1)	77,013
	Edsouth Indenture No 3 LLC	0.833%, $331,100 par, due 4/25/2039	(1)	330,205
	Edsouth Indenture No 4 LLC	0.673%, $285,415 par, due 2/26/2029	(1)	284,744
	Edu Fund of South	0.774%, $512,256 par, due 4/25/2035	(1)	513,390
	Edu Fund of South	1.152%, $356,262 par, due 3/25/2036	(1)	358,083
	EMD Finance LLC	3.250%, $720,000 par, due 3/19/2025	(1)	757,932
	Emory University	1.566%, $780,000 par, due 9/1/2025	(1)	776,345
	Entergy Arkansas LLC	3.050%, $796,000 par, due 6/1/2023	(1)	815,656
	Entergy Arkansas LLC	3.700%, $720,000 par, due 6/1/2024	(1)	756,526
	Entergy Louisiana LLC	0.620%, $1,470,000 par, due 11/17/2023	(1)	1,458,261
	Enterprise Fleet Financing 2019-2 LLC	2.290%, $1,454,034 par, due 2/20/2025	(1)	1,451,062
	Enterprise Fleet Financing 2019-3 LLC	2.060%, $1,069,642 par, due 5/20/2025	(1)	1,077,761
	Enterprise Fleet Financing 2020-1 LLC	1.780%, $1,842,114 par, due 12/22/2025	(1)	1,855,970
	Enterprise Fleet Financing 2020-2 LLC	0.610%, $3,327,434 par, due 7/20/2026	(1)	3,318,646
	Enterprise Fleet Financing 2021-2 LLC	0.480%, $4,665,000 par, due 5/20/2027	(1)	4,621,858
	Enterprise Fleet Financing 2021-3 LLC	0.770%, $4,485,000 par, due 8/20/2027	(1)	4,456,049
	Enterprise Fleet Funding 2021-1 LLC	0.440%, $4,966,548 par, due 12/21/2026	(1)	4,939,108
	Enterprise Products Operating LLC	3.500%, $941,000 par, due 2/1/2022	(1)	943,070
	Enterprise Products Operating LLC	3.750%, $1,495,000 par, due 2/15/2025	(1)	1,589,115
	Equifax Inc	3.950%, $45,000 par, due 6/15/2023	(1)	46,770
	Equinor ASA	2.875%, $1,375,000 par, due 4/6/2025	(1)	1,435,544
	Equinor ASA	1.750%, $220,000 par, due 1/22/2026	(1)	221,444
	Equinor ASA	2.650%, $1,400,000 par, due 1/15/2024	(1)	1,443,655
	ERP Operating LP	3.375%, $1,300,000 par, due 6/1/2025	(1)	1,376,993
	Ethiopian Leasing 2012 LLC	2.566%, $2,922,867 par, due 8/14/2026	(1)	3,030,136
	Ethiopian Leasing 2012 LLC	1.506%, $5,000,000 par, due 10/3/2024	(1)	5,038,450
	Evergy Kansas Central Inc	2.550%, $1,630,000 par, due 7/1/2026	(1)	1,690,481
	Evergy Metro Inc	3.650%, $1,100,000 par, due 8/15/2025	(1)	1,171,709
	EXIM Bank of the United States	1.900%, $4,480,036 par, due 7/12/2024	(1)	4,533,232
	EXIM Bank of the United States	3.744%, $17,188 par, due 2/26/2022	(1)	17,264
	EXIM Bank of the United States	1.732%, $136,759 par, due 9/18/2024	(1)	138,262
	EXIM Bank of the United States	1.732%, $328,820 par, due 9/18/2024	(1)	332,428
	Exxon Mobil Corp	2.992%, $1,500,000 par, due 3/19/2025	(1)	1,577,000
	Fannie Mae Grantor Trust 2004-T2	6.000%, $384,233 par, due 11/25/2043	(1)	434,558
	Fannie Mae or Freddie Mac	2.000%, $44,342,000 par, due 2/1/2036	(1)	45,346,612
	Fannie Mae or Freddie Mac	2.000%, $0 par, due 1/1/2036	(1)	—
	Fannie Mae Pool	5.500%, $142,905 par, due 4/1/2033	(1)	163,252
	Fannie Mae Pool	6.000%, $24,075 par, due 2/1/2033	(1)	27,597
	Fannie Mae Pool	5.500%, $4,751 par, due 1/1/2036	(1)	4,851
	Fannie Mae Pool	5.500%, $42,068 par, due 2/1/2036	(1)	43,630
	Fannie Mae Pool	5.000%, $316,840 par, due 6/1/2035	(1)	357,442
	Fannie Mae Pool	5.500%, $251,076 par, due 9/1/2036	(1)	283,815
	Fannie Mae Pool	5.000%, $1,798,229 par, due 8/1/2056	(1)	2,081,968

30 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Fannie Mae Pool	2.210%, $426,158 par, due 7/1/2033	(1)	$	428,943
	Fannie Mae Pool	1.763%, $503,566 par, due 6/1/2033	(1)	521,097
	Fannie Mae Pool	1.624%, $93,449 par, due 8/1/2035	(1)	93,679
	Fannie Mae Pool	1.700%, $182,714 par, due 8/1/2033	(1)	189,185
	Fannie Mae Pool	1.698%, $86,048 par, due 8/1/2033	(1)	89,095
	Fannie Mae Pool	1.677%, $286,842 par, due 10/1/2033	(1)	289,053
	Fannie Mae Pool	1.757%, $147,892 par, due 12/1/2033	(1)	150,066
	Fannie Mae Pool	1.675%, $68,356 par, due 3/1/2034	(1)	70,807
	Fannie Mae Pool	1.675%, $47,135 par, due 5/1/2034	(1)	48,830
	Fannie Mae Pool	1.772%, $830,350 par, due 6/1/2034	(1)	861,403
	Fannie Mae Pool	1.678%, $71,172 par, due 8/1/2034	(1)	73,770
	Fannie Mae Pool	1.875%, $329,233 par, due 5/1/2038	(1)	344,491
	Fannie Mae Pool	1.838%, $107,522 par, due 5/1/2037	(1)	108,266
	Fannie Mae Pool	3.476%, $330,013 par, due 5/1/2036	(1)	353,316
	Fannie Mae Pool	2.190%, $14,960 par, due 2/1/2041	(1)	15,089
	Fannie Mae Pool	2.000%, $106,405 par, due 10/1/2041	(1)	106,741
	Fannie Mae Pool	2.080%, $96,116 par, due 11/1/2041	(1)	96,538
	Fannie Mae Pool	2.125%, $28,987 par, due 3/1/2042	(1)	30,541
	Fannie Mae Pool	1.830%, $410,225 par, due 8/1/2044	(1)	425,277
	Fannie Mae Pool	1.840%, $187,673 par, due 8/1/2044	(1)	194,643
	Fannie Mae Pool	1.840%, $197,529 par, due 8/1/2044	(1)	204,865
	Fannie Mae Pool	1.840%, $170,082 par, due 8/1/2044	(1)	176,399
	Fannie Mae Pool	1.850%, $11,112 par, due 9/1/2044	(1)	11,517
	Fannie Mae Pool	1.850%, $103,702 par, due 10/1/2044	(1)	107,435
	Fannie Mae Pool	1.972%, $241,855 par, due 2/1/2045	(1)	250,205
	Fannie Mae Pool	2.453%, $336,476 par, due 4/1/2045	(1)	348,967
	Fannie Mae Pool	1.961%, $221,481 par, due 4/1/2045	(1)	229,487
	Fannie Mae Pool	2.285%, $37,771 par, due 6/1/2045	(1)	39,137
	Fannie Mae Pool	2.606%, $123,343 par, due 7/1/2045	(1)	127,982
	Fannie Mae Pool	2.455%, $517,853 par, due 8/1/2045	(1)	537,079
	Fannie Mae Pool	1.850%, $52,703 par, due 8/1/2045	(1)	54,478
	Fannie Mae Pool	2.645%, $393,974 par, due 8/1/2045	(1)	409,008
	Fannie Mae Pool	2.654%, $708,398 par, due 11/1/2045	(1)	736,095
	Fannie Mae Pool	2.716%, $85,860 par, due 12/1/2045	(1)	89,277
	Fannie Mae Pool	2.292%, $577,028 par, due 10/1/2046	(1)	591,765
	Fannie Mae Pool	3.108%, $670,611 par, due 6/1/2047	(1)	698,200
	Fannie Mae Pool	3.024%, $1,135,495 par, due 6/1/2047	(1)	1,182,034
	Fannie Mae Pool	3.037%, $523,108 par, due 6/1/2047	(1)	543,740
	Fannie Mae Pool	2.889%, $433,206 par, due 7/1/2047	(1)	449,200
	Fannie Mae Pool	2.970%, $642,183 par, due 7/1/2047	(1)	666,830
	Fannie Mae Pool	2.755%, $1,379,326 par, due 9/1/2047	(1)	1,427,723
	Fannie Mae Pool	2.806%, $309,305 par, due 9/1/2047	(1)	318,762
	Fannie Mae Pool	2.378%, $939,264 par, due 11/1/2046	(1)	964,277
	Fannie Mae Pool	2.720%, $951,547 par, due 11/1/2047	(1)	983,749
	Fannie Mae Pool	2.919%, $443,857 par, due 5/1/2047	(1)	460,772
	Fannie Mae Pool	2.962%, $431,746 par, due 2/1/2048	(1)	448,146
	Fannie Mae Pool	3.273%, $981,633 par, due 5/1/2048	(1)	1,021,963
	Fannie Mae Pool	3.057%, $2,117,207 par, due 8/1/2049	(1)	2,189,078
	Fannie Mae Pool	2.997%, $1,186,893 par, due 8/1/2049	(1)	1,228,589
	Fannie Mae Pool	2.754%, $2,716,884 par, due 11/1/2049	(1)	2,801,537
	Fannie Mae Pool	2.847%, $879,691 par, due 11/1/2049	(1)	908,007
	Fannie Mae Pool	2.857%, $540,440 par, due 11/1/2049	(1)	557,951
	Fannie Mae Pool	2.820%, $527,967 par, due 12/1/2049	(1)	544,307
	Fannie Mae Pool	3.389%, $228,143 par, due 11/1/2048	(1)	237,221
	Fannie Mae Pool	3.410%, $841,443 par, due 11/1/2023	(1)	869,314
	Fannie Mae Pool	3.120%, $945,000 par, due 1/1/2024	(1)	976,869
	Fannie Mae Pool	2.000%, $46,354 par, due 6/1/2022	(1)	46,344
	Fannie Mae Pool	2.615%, $1,082,064 par, due 12/1/2049	(1)	1,116,417
	Fannie Mae Pool	2.725%, $1,170,650 par, due 12/1/2049	(1)	1,205,643
	Fannie Mae Pool	2.692%, $3,674,167 par, due 1/1/2050	(1)	3,785,925
	Fannie Mae Pool	2.739%, $2,459,388 par, due 1/1/2050	(1)	2,531,785
	Fannie Mae Pool	3.000%, $1,343,488 par, due 8/1/2027	(1)	1,409,782
	Fannie Mae Pool	2.000%, $53,772 par, due 5/1/2023	(1)	55,124
	Fannie Mae Pool	2.000%, $66,309 par, due 6/1/2023	(1)	66,870
	Fannie Mae Pool	2.000%, $50,679 par, due 4/1/2023	(1)	51,954
	Fannie Mae Pool	2.000%, $158,967 par, due 8/1/2023	(1)	160,385
	Fannie Mae Pool	2.000%, $250,935 par, due 9/1/2023	(1)	257,246
	Fannie Mae Pool	2.500%, $68,252 par, due 10/1/2023	(1)	70,558

31 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Fannie Mae Pool	2.500%, $312,827 par, due 10/1/2024	(1)	$	323,400
	Fannie Mae Pool	3.000%, $293,948 par, due 2/1/2031	(1)	309,707
	Fannie Mae Pool	3.000%, $190,749 par, due 2/1/2031	(1)	200,908
	Fannie Mae Pool	3.000%, $2,314,987 par, due 4/1/2031	(1)	2,438,358
	Fannie Mae Pool	3.000%, $115,162 par, due 5/1/2031	(1)	121,142
	Fannie Mae Pool	2.500%, $2,790,557 par, due 11/1/2027	(1)	2,898,775
	Fannie Mae Pool	2.500%, $881,996 par, due 12/1/2026	(1)	911,806
	Fannie Mae Pool	2.500%, $611,504 par, due 8/1/2027	(1)	635,030
	Fannie Mae Pool	3.000%, $600,473 par, due 2/1/2027	(1)	627,750
	Fannie Mae Pool	4.000%, $884,695 par, due 2/1/2034	(1)	946,014
	Fannie Mae Pool	4.000%, $606,019 par, due 2/1/2034	(1)	646,261
	Fannie Mae Pool	3.000%, $657,277 par, due 7/1/2034	(1)	690,884
	Fannie Mae Pool	2.500%, $2,863,421 par, due 12/1/2031	(1)	2,975,152
	Fannie Mae Pool	3.000%, $1,702,081 par, due 7/1/2034	(1)	1,791,762
	Fannie Mae Pool	3.666%, $285,072 par, due 10/1/2032	(1)	307,786
	Fannie Mae Pool	1.513%, $542,582 par, due 11/1/2032	(1)	547,148
	Fannie Mae REMIC Trust 2002-W12	5.066%, $6,607 par, due 2/25/2033	(1)	6,607
	Fannie Mae REMIC Trust 2003-W11	6.891%, $28,134 par, due 7/25/2033	(1)	30,977
	Fannie Mae REMIC Trust 2004-W11	7.000%, $433,415 par, due 5/25/2044	(1)	486,337
	Fannie Mae REMICS	5.500%, $1,174,102 par, due 4/25/2035	(1)	1,339,801
	Fannie Mae REMICS	5.500%, $1,004,489 par, due 4/25/2035	(1)	1,142,766
	Fannie Mae REMICS	2.500%, $31,436 par, due 3/25/2037	(1)	32,247
	Fannie Mae Trust 2003-W6	6.500%, $145,638 par, due 9/25/2042	(1)	166,012
	Fannie Mae Trust 2004-W1	7.000%, $308,411 par, due 12/25/2033	(1)	355,803
	Fannie Mae-Aces	2.263%, $67,185 par, due 2/25/2023	(1)	67,266
	Federal Realty Investment Trust	3.950%, $300,000 par, due 1/15/2024	(1)	314,229
	Federal Realty Investment Trust	1.250%, $810,000 par, due 2/15/2026	(1)	793,766
	Federal Realty Investment Trust	2.750%, $518,000 par, due 6/1/2023	(1)	528,318
	Federation des Caisses Desjardin du Quebec	0.450%, $3,635,000 par, due 10/7/2023	(1)	3,604,390
	Fifth Third Bancorp	1.625%, $440,000 par, due 5/5/2023	(1)	444,302
	Fifth Third Bancorp	3.650%, $220,000 par, due 1/25/2024	(1)	230,509
	Fiserv Inc	3.800%, $450,000 par, due 10/1/2023	(1)	470,447
	Fiserv Inc	3.850%, $1,400,000 par, due 6/1/2025	(1)	1,495,701
	Fiserv Inc	2.750%, $1,690,000 par, due 7/1/2024	(1)	1,748,334
	Florida Power & Light Co	2.850%, $700,000 par, due 4/1/2025	(1)	731,249
	Florida Water Pollution Control Financing Corp	1.900%, $1,580,000 par, due 1/15/2022	(1)	1,580,837
	FMC Corp	4.100%, $750,000 par, due 2/1/2024	(1)	786,311
	Ford Credit Auto Lease Trust 2020-B	0.620%, $4,043,442 par, due 8/15/2023	(1)	4,047,057
	Ford Credit Auto Owner Tr	2.620%, $2,625,000 par, due 8/15/2028	(1)	2,632,156
	Ford Credit Auto Owner Trust 2017-REV2	2.360%, $628,000 par, due 3/15/2029	(1)	635,957
	Ford Credit Auto Owner Trust 2018-REV2	3.470%, $761,000 par, due 1/15/2030	(1)	790,744
	Ford Credit Auto Owner Trust 2020-B	0.560%, $7,639,997 par, due 10/15/2024	(1)	7,639,661
	Ford Credit Auto Owner Trust 2021-A	0.300%, $4,115,000 par, due 8/15/2025	(1)	4,087,841
	Fortune Brands Home & Security Inc	4.000%, $757,000 par, due 9/21/2023	(1)	793,141
	Freddie Mac Gold Pool	2.500%, $44,089 par, due 7/1/2023	(1)	45,594
	Freddie Mac Gold Pool	3.000%, $232,788 par, due 10/1/2026	(1)	244,308
	Freddie Mac Gold Pool	5.500%, $94,560 par, due 12/1/2033	(1)	104,172
	Freddie Mac Gold Pool	6.000%, $1,237,127 par, due 8/1/2038	(1)	1,435,582
	Freddie Mac Gold Pool	6.000%, $613,895 par, due 8/1/2038	(1)	712,361
	Freddie Mac Gold Pool	3.000%, $1,073,880 par, due 8/1/2027	(1)	1,126,016
	Freddie Mac Multifam Struct PT Cert	0.744%, $14,185 par, due 1/25/2023	(1)	14,194
	Freddie Mac Multifam Struct PT Cert	2.791%, $54,015 par, due 1/25/2022	(1)	53,999
	Freddie Mac Multifam Struct PT Cert	2.615%, $11,470,000 par, due 1/25/2023	(1)	11,693,527
	Freddie Mac Multifam Struct PT Cert	2.807%, $234,386 par, due 1/25/2046	(1)	234,342
	Freddie Mac Non Gold Pool	2.145%, $310,871 par, due 9/1/2037	(1)	328,178
	Freddie Mac Non Gold Pool	1.765%, $45,879 par, due 6/1/2036	(1)	45,998
	Freddie Mac Non Gold Pool	1.669%, $123,446 par, due 8/1/2035	(1)	123,524
	Freddie Mac Non Gold Pool	2.151%, $379,006 par, due 4/1/2038	(1)	399,387
	Freddie Mac Non Gold Pool	1.995%, $39,429 par, due 5/1/2038	(1)	40,912
	Freddie Mac Non Gold Pool	2.057%, $33,330 par, due 1/1/2041	(1)	34,605
	Freddie Mac Non Gold Pool	2.125%, $39,162 par, due 2/1/2042	(1)	41,111
	Freddie Mac Non Gold Pool	2.000%, $129,865 par, due 5/1/2042	(1)	130,169
	Freddie Mac Non Gold Pool	2.000%, $9,890 par, due 6/1/2042	(1)	9,913
	Freddie Mac Non Gold Pool	2.000%, $25,495 par, due 6/1/2042	(1)	26,461
	Freddie Mac Non Gold Pool	2.000%, $70,582 par, due 7/1/2042	(1)	73,280
	Freddie Mac Non Gold Pool	2.000%, $16,489 par, due 8/1/2042	(1)	16,538
	Freddie Mac Non Gold Pool	2.000%, $191,091 par, due 9/1/2042	(1)	199,887
	Freddie Mac Non Gold Pool	1.890%, $189,698 par, due 8/1/2043	(1)	197,775

32 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Freddie Mac Non Gold Pool	1.850%, $487,586 par, due 10/1/2043	(1)	$	507,425
	Freddie Mac Non Gold Pool	1.850%, $264,957 par, due 5/1/2044	(1)	275,112
	Freddie Mac Non Gold Pool	1.850%, $230,099 par, due 8/1/2044	(1)	238,433
	Freddie Mac Non Gold Pool	1.898%, $314,978 par, due 12/1/2044	(1)	325,877
	Freddie Mac Non Gold Pool	2.600%, $256,977 par, due 1/1/2045	(1)	266,489
	Freddie Mac Non Gold Pool	2.641%, $418,943 par, due 5/1/2045	(1)	434,515
	Freddie Mac Non Gold Pool	2.619%, $47,743 par, due 6/1/2045	(1)	49,528
	Freddie Mac Non Gold Pool	3.212%, $1,493,560 par, due 7/1/2049	(1)	1,543,584
	Freddie Mac Non Gold Pool	2.790%, $177,128 par, due 5/1/2047	(1)	183,088
	Freddie Mac Non Gold Pool	3.483%, $553,318 par, due 5/1/2048	(1)	576,945
	Freddie Mac Non Gold Pool	2.926%, $401,966 par, due 11/1/2047	(1)	416,601
	Freddie Mac Non Gold Pool	2.489%, $105,927 par, due 11/1/2046	(1)	109,059
	Freddie Mac Non Gold Pool	2.184%, $1,145,687 par, due 1/1/2047	(1)	1,174,132
	Freddie Mac Non Gold Pool	3.017%, $137,060 par, due 8/1/2047	(1)	142,474
	Freddie Mac Non Gold Pool	2.548%, $321,458 par, due 10/1/2047	(1)	331,265
	Freddie Mac Non Gold Pool	2.917%, $96,285 par, due 7/1/2047	(1)	99,880
	Freddie Mac Non Gold Pool	2.249%, $100,053 par, due 10/1/2046	(1)	102,683
	Freddie Mac Non Gold Pool	2.380%, $1,745,120 par, due 10/1/2046	(1)	1,791,280
	Freddie Mac Non Gold Pool	2.421%, $799,814 par, due 10/1/2046	(1)	821,470
	Freddie Mac Non Gold Pool	2.384%, $1,077,215 par, due 7/1/2045	(1)	1,115,780
	Freddie Mac Non Gold Pool	1.850%, $49,868 par, due 8/1/2045	(1)	51,522
	Freddie Mac Non Gold Pool	2.411%, $1,531,481 par, due 8/1/2045	(1)	1,587,598
	Freddie Mac Non Gold Pool	2.704%, $120,576 par, due 8/1/2045	(1)	125,228
	Freddie Mac Non Gold Pool	1.870%, $106,747 par, due 9/1/2045	(1)	110,333
	Freddie Mac Non Gold Pool	1.880%, $126,639 par, due 10/1/2045	(1)	130,849
	Freddie Mac Non Gold Pool	2.595%, $543,684 par, due 11/1/2045	(1)	564,990
	Freddie Mac Non Gold Pool	1.995%, $581,847 par, due 2/1/2046	(1)	602,342
	Freddie Mac Non Gold Pool	2.350%, $270,181 par, due 12/1/2042	(1)	282,252
	Freddie Mac Non Gold Pool	2.864%, $906,779 par, due 6/1/2047	(1)	940,099
	Freddie Mac Non Gold Pool	2.725%, $2,352,282 par, due 11/1/2045	(1)	2,446,536
	Freddie Mac Pool	3.000%, $1,570,433 par, due 7/1/2034	(1)	1,649,632
	Freddie Mac Pool	3.000%, $3,434,825 par, due 1/1/2035	(1)	3,616,023
	Freddie Mac REMICS	3.500%, $13,009 par, due 4/15/2041	(1)	13,200
	Freddie Mac REMICS	3.000%, $23,395 par, due 12/15/2044	(1)	24,501
	Freddie Mac Struct PT Cert	5.231%, $2,062,785 par, due 5/25/2043	(1)	2,320,691
	General Dynamics Corp	3.250%, $2,710,000 par, due 4/1/2025	(1)	2,865,554
	General Mills Inc	3.700%, $480,000 par, due 10/17/2023	(1)	502,311
	General Mills Inc	2.600%, $775,000 par, due 10/12/2022	(1)	786,422
	General Motors Financial Co Inc	1.200%, $1,510,000 par, due 10/15/2024	(1)	1,499,225
	General Motors Financial Co Inc	3.550%, $750,000 par, due 7/8/2022	(1)	760,892
	Georgia-Pacific LLC	1.750%, $1,755,000 par, due 9/30/2025	(1)	1,762,692
	GGlaxoSmithKline Capital PLC	0.534%, $860,000 par, due 10/1/2023	(1)	856,797
	Gilead Sciences Inc	0.750%, $744,000 par, due 9/29/2023	(1)	740,945
	Ginnie Mae II pool	2.125%, $17,281 par, due 12/20/2045	(1)	17,873
	Ginnie Mae II pool	2.000%, $60,812 par, due 3/20/2042	(1)	63,586
	Ginnie Mae II pool	1.875%, $203,549 par, due 4/20/2042	(1)	211,617
	Ginnie Mae II pool	2.125%, $115,527 par, due 10/20/2045	(1)	119,491
	Ginnie Mae II Pool	4.056%, $4,597 par, due 12/20/2066	(1)	4,734
	Ginnie Mae II Pool	4.065%, $1,982 par, due 1/20/2067	(1)	2,041
	Ginnie Mae II pool	4.740%, $768 par, due 6/20/2061	(1)	842
	Ginnie Mae II pool	1.480%, $297,778 par, due 6/20/2058	(1)	302,681
	Ginnie Mae II pool	5.470%, $2,151 par, due 8/20/2059	(1)	2,157
	Ginnie Mae II pool	0.711%, $2,988,768 par, due 5/20/2058	(1)	3,019,202
	GlaxoSmithKline Capital PLC	2.850%, $740,000 par, due 5/8/2022	(1)	746,299
	GM Financial Automobile Leasing Trust 2020-2	0.710%, $71,247 par, due 10/20/2022	(1)	71,261
	GM Financial Automobile Leasing Trust 2020-3	0.450%, $4,545,000 par, due 8/21/2023	(1)	4,545,623
	GM Financial Automobile Leasing Trust 2021-3	0.390%, $3,035,000 par, due 10/21/2024	(1)	3,005,910
	GM Financial Consumer Auto Rec Trust 2020-3	0.450%, $11,020,000 par, due 4/16/2025	(1)	10,999,128
	GM Financial Consumer Auto Rec Trust 2021-1	0.350%, $6,130,000 par, due 10/16/2025	(1)	6,091,056
	GM Financial Consumer Automobile Rec Trust 2019-3	2.180%, $870,487 par, due 4/16/2024	(1)	876,018
	GM Financial Consumer Automobile Rec Trust 2020-1	1.840%, $1,713,983 par, due 9/16/2024	(1)	1,728,110
	GM Financial Leasing Trust	0.260%, $3,510,000 par, due 2/20/2024	(1)	3,499,038
	GNMA	1.081%, $2,542,150 par, due 12/20/2066	(1)	2,589,612
	GNMA	0.731%, $2,553,728 par, due 10/20/2065	(1)	2,573,736
	Goldman Sachs Group Inc/The	0.925%, $2,470,000 par, due 10/21/2024	(1)	2,459,646
	Goldman Sachs Group Inc/The	0.627%, $790,000 par, due 11/17/2023	(1)	787,995
	Goldman Sachs Group Inc/The	1.124%, $179,000 par, due 7/24/2023	(1)	179,595
	Goldman Sachs Group Inc/The	3.750%, $1,300,000 par, due 5/22/2025	(1)	1,387,914

33 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Goldman Sachs Group Inc/The	3.272%, $1,445,000 par, due 9/29/2025	(1)	$	1,516,478
	Goldman Sachs Group Inc/The	3.500%, $1,000,000 par, due 1/23/2025	(1)	1,054,105
	Goldman Sachs Group Inc/The	3.625%, $1,147,000 par, due 2/20/2024	(1)	1,203,461
	Goldman Sachs Group Inc/The	0.657%, $1,570,000 par, due 9/10/2024	(1)	1,556,986
	Goldman Sachs Group Inc/The	1.217%, $1,550,000 par, due 12/6/2023	(1)	1,553,553
	Government National Mortgage Association	0.981%, $1,213,373 par, due 1/20/2066	(1)	1,231,786
	Green Bay Area Public School District	2.050%, $2,040,000 par, due 4/1/2023	(1)	2,073,028
	GS Mortgage Securities Corp II	2.943%, $6,800,000 par, due 2/10/2046	(1)	6,913,444
	GS Mortgage Securities Trust 2012-GCJ9	2.773%, $3,495,193 par, due 11/10/2045	(1)	3,539,593
	GS Mortgage Securities Trust 2012-GCJ9	2.368%, $401,702 par, due 11/10/2045	(1)	402,884
	GS Mortgage Securities Trust 2013-GC16	4.271%, $576,000 par, due 11/10/2046	(1)	602,850
	GSMS 2012-GCJ7 A4 9.2-Yr CMBS	3.377%, $158,373 par, due 5/10/2045	(1)	158,339
	Gulfstream Natural Gas System LLC	6.190%, $550,000 par, due 11/1/2025	(1)	633,340
	Halliburton Co	3.800%, $430,000 par, due 11/15/2025	(1)	462,465
	Halliburton Co	3.500%, $18,000 par, due 8/1/2023	(1)	18,585
	Harlandale Independent School District	5.000%, $1,880,000 par, due 8/15/2022	(1)	1,932,884
	Harley-Davidson Motorcycle Trust 2021-B	0.560%, $3,015,000 par, due 11/16/2026	(1)	2,985,963
	Health Care Service Corp A Mutual Legal Reserve Co	1.500%, $1,950,000 par, due 6/1/2025	(1)	1,946,439
	Hewlett Packard Enterprise Co	4.450%, $1,435,000 par, due 10/2/2023	(1)	1,514,363
	Hewlett Packard Enterprise Co	2.250%, $950,000 par, due 4/1/2023	(1)	964,500
	HNA 2015 LLC	2.291%, $1,628,727 par, due 6/30/2027	(1)	1,675,089
	Honda Auto Receivables 2019-4 Owner Trust	1.830%, $2,089,264 par, due 1/18/2024	(1)	2,104,503
	Honda Auto Receivables 2020-2 Owner Trust	0.820%, $5,553,431 par, due 7/15/2024	(1)	5,563,355
	Honda Auto Receivables 2020-3 Owner Trust	0.370%, $4,365,000 par, due 10/18/2024	(1)	4,352,800
	Honda Auto Receivables 2021-1 Owner Trust	0.270%, $3,540,000 par, due 4/21/2025	(1)	3,521,114
	Honda Auto Receivables 2021-4 Owner Trust	0.880%, $1,380,000 par, due 1/21/2026	(1)	1,376,670
	HP Inc	1.450%, $1,000,000 par, due 6/17/2026	(1)	980,751
	HPEFS Equipment Trust	0.690%, $4,810,000 par, due 7/22/2030	(1)	4,814,127
	HPEFS Equipment Trust 2021-1	0.270%, $4,459,483 par, due 3/20/2031	(1)	4,455,077
	HPEFS Equipment Trust 2021-2	0.360%, $2,850,000 par, due 9/20/2028	(1)	2,828,636
	HSBC Holdings PLC	2.099%, $580,000 par, due 6/4/2026	(1)	584,011
	HSBC Holdings PLC	2.251%, $2,010,000 par, due 11/22/2027	(1)	2,017,115
	HSBC Holdings PLC	1.589%, $1,560,000 par, due 5/24/2027	(1)	1,526,424
	HSBC Holdings PLC	0.976%, $1,600,000 par, due 5/24/2025	(1)	1,580,955
	HSBC Holdings PLC	1.160%, $770,000 par, due 5/18/2024	(1)	777,187
	HSBC Holdings PLC	3.262%, $587,000 par, due 3/13/2023	(1)	589,777
	HSBC Holdings PLC	3.803%, $238,000 par, due 3/11/2025	(1)	249,793
	HSBC Holdings PLC	0.732%, $1,210,000 par, due 8/17/2024	(1)	1,199,404
	Huntington Bancshares Inc/OH	2.625%, $450,000 par, due 8/6/2024	(1)	463,475
	Huntington National Bank/The	3.550%, $319,000 par, due 10/6/2023	(1)	332,980
	Hyundai Auto Lease Securitization Trust 2021-C	0.380%, $4,650,000 par, due 9/16/2024	(1)	4,611,921
	Hyundai Auto Receivables Trust 2020-A	1.410%, $4,625,000 par, due 11/15/2024	(1)	4,655,752
	Hyundai Auto Receivables Trust 2020-B	0.480%, $5,995,000 par, due 12/16/2024	(1)	5,992,560
	Hyundai Auto Receivables Trust 2021-C	0.740%, $1,415,000 par, due 5/15/2026	(1)	1,405,299
	Intel Corp	3.400%, $2,855,000 par, due 3/25/2025	(1)	3,035,921
	International Business Machines Corp	3.000%, $418,000 par, due 5/15/2024	(1)	436,725
	Interstate Power and Light Co	3.250%, $1,780,000 par, due 12/1/2024	(1)	1,868,954
	Interstate Power and Light Co	3.400%, $1,040,000 par, due 8/15/2025	(1)	1,098,273
	J Paul Getty Trust/The	0.391%, $2,595,000 par, due 1/1/2024	(1)	2,565,222
	John Deere Owner Trust 2019-A	2.910%, $316,591 par, due 7/17/2023	(1)	318,319
	John Deere Owner Trust 2019-B	2.210%, $678,725 par, due 12/15/2023	(1)	683,196
	John Deere Owner Trust 2020	1.100%, $2,801,547 par, due 8/15/2024	(1)	2,811,403
	John Deere Owner Trust 2020-B	0.510%, $3,260,000 par, due 11/15/2024	(1)	3,255,009
	John Deere Owner Trust 2021	0.360%, $5,535,000 par, due 9/15/2025	(1)	5,490,222
	John Deere Owner Trust 2021-B	0.520%, $2,065,000 par, due 3/16/2026	(1)	2,041,469
	JPMBB Comml Mtg Sec Tr	3.157%, $259,512 par, due 7/15/2045	(1)	260,815
	JPMBB Comml Mtg Sec Tr	3.761%, $591,283 par, due 8/15/2046	(1)	606,077
	JPMorgan Chase & Co	0.969%, $3,061,000 par, due 6/23/2025	(1)	3,031,798
	JPMorgan Chase & Co	1.561%, $1,930,000 par, due 12/10/2025	(1)	1,933,005
	JPMorgan Chase & Co	3.797%, $99,000 par, due 7/23/2024	(1)	103,185
	JPMorgan Chase & Co	3.220%, $2,170,000 par, due 3/1/2025	(1)	2,256,236
	JPMorgan Chase & Co	1.514%, $3,380,000 par, due 6/1/2024	(1)	3,405,955
	JPMorgan Chase & Co	0.824%, $1,590,000 par, due 6/1/2025	(1)	1,571,737
	JPMorgan Chase & Co	0.768%, $930,000 par, due 8/9/2025	(1)	915,452
	JPMorgan Chase & Co	4.023%, $1,280,000 par, due 12/5/2024	(1)	1,349,746
	JPMorgan Chase & Co	3.207%, $1,410,000 par, due 4/1/2023	(1)	1,418,422
	JPMorgan Chase & Co	1.014%, $670,000 par, due 7/23/2024	(1)	676,137
	JPMorgan Chase Comml Mtg Sec Tr	3.414%, $164,462 par, due 1/15/2046	(1)	167,259

34 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	JPMorgan Chase Comml Mtg Sec Tr	4.166%, $630,000 par, due 12/15/2046	(1)	$	658,398
	JPMorgan Chase Comml Mtg Sec Tr 2013-C13	3.994%, $3,604,579 par, due 1/15/2046	(1)	3,724,471
	JPMorgan Comm Mtg Sec Tr	3.483%, $157,211 par, due 6/15/2045	(1)	158,107
	JPMorgan Comm Mtg Sec Tr	1.409%, $58,725 par, due 6/15/2045	(1)	58,780
	Kaiser Foundation Hospitals	3.500%, $3,675,000 par, due 4/1/2022	(1)	3,699,564
	Keller Independent School District/TX	0.000%, $3,305,000 par, due 2/15/2025	(1)	3,163,513
	Kentucky Utilities Co	3.300%, $1,100,000 par, due 10/1/2025	(1)	1,160,144
	KLA Corp	4.650%, $1,556,000 par, due 11/1/2024	(1)	1,687,255
	Kubota Credit Owner Trust 2021-1	0.620%, $3,210,000 par, due 8/15/2025	(1)	3,180,526
	Lake Central Multi-District School Building Corp	0.983%, $1,000,000 par, due 1/15/2025	(1)	994,170
	Lake Central Multi-District School Building Corp	1.053%, $1,200,000 par, due 7/15/2025	(1)	1,189,872
	Leland Stanford Junior Uni Board of Trustees	6.875%, $1,185,000 par, due 2/1/2024	(1)	1,325,110
	Lennox International Inc	1.350%, $1,200,000 par, due 8/1/2025	(1)	1,185,078
	Lincoln Airport Authority	2.123%, $500,000 par, due 7/1/2022	(1)	503,980
	Lincoln Airport Authority	2.303%, $500,000 par, due 7/1/2023	(1)	510,400
	Lowe's Cos Inc	4.000%, $1,270,000 par, due 4/15/2025	(1)	1,373,946
	M&T Bank Corp	0.805%, $512,000 par, due 7/26/2023	(1)	515,668
	Marathon Petroleum Corp	4.700%, $2,150,000 par, due 5/1/2025	(1)	2,346,418
	Marsh & McLennan Cos Inc	3.300%, $800,000 par, due 3/14/2023	(1)	821,045
	Marsh & McLennan Cos Inc	3.875%, $420,000 par, due 3/15/2024	(1)	444,277
	Martin Marietta Materials Inc	0.650%, $1,050,000 par, due 7/15/2023	(1)	1,046,319
	Martin Marietta Materials Inc	4.250%, $520,000 par, due 7/2/2024	(1)	553,902
	MassMutual Global Funding II	2.950%, $815,000 par, due 1/11/2025	(1)	854,157
	McCormick & Co Inc/MD	2.700%, $2,797,000 par, due 8/15/2022	(1)	2,825,971
	McDonald's Corp	3.350%, $886,000 par, due 4/1/2023	(1)	912,139
	McDonald's Corp	3.300%, $690,000 par, due 7/1/2025	(1)	731,762
	Mercedes-Benz Auto Lease Trust 2020-A	1.840%, $1,342,646 par, due 12/15/2022	(1)	1,346,223
	Mercedes-Benz Auto Receivables Trust 2020-1	0.550%, $5,065,000 par, due 2/18/2025	(1)	5,062,143
	METLIFE SECURITIZATION TRUST 2019-1	3.750%, $165,674 par, due 4/25/2058	(1)	169,675
	Metropolitan Life Global Funding I	3.600%, $260,000 par, due 1/11/2024	(1)	273,396
	Michigan Finance Authority	0.602%, $2,272,125 par, due 7/25/2061	(1)	2,261,855
	Microchip Technology Inc	4.333%, $220,000 par, due 6/1/2023	(1)	229,335
	Mill City Mortgage Loan Trust 2017-1	2.750%, $112,710 par, due 11/25/2058	(1)	113,043
	Missouri Higher Education Loan Authority	0.852%, $3,012,846 par, due 1/25/2061	(1)	3,020,228
	Missouri Higher Education Loan Authority	0.802%, $5,331,741 par, due 3/25/2061	(1)	5,336,059
	Mitsubishi UFJ Financial Group Inc	1.412%, $1,260,000 par, due 7/17/2025	(1)	1,253,445
	Mitsubishi UFJ Financial Group Inc	0.953%, $3,370,000 par, due 7/19/2025	(1)	3,329,331
	Mitsubishi UFJ Financial Group Inc	0.962%, $780,000 par, due 10/11/2025	(1)	769,068
	Mitsubishi UFJ Financial Group Inc	0.848%, $1,480,000 par, due 9/15/2024	(1)	1,472,825
	MMAF Equipment Finance LLC 2019-A	2.840%, $602,586 par, due 11/13/2023	(1)	606,997
	MMAF Equipment Finance LLC 2019-B	2.010%, $4,385,000 par, due 12/12/2024	(1)	4,432,893
	MMAF Equipment Finance LLC 2020-A	0.970%, $4,125,000 par, due 4/9/2027	(1)	4,084,835
	MMAF Equipment Finance LLC 2021-A	0.560%, $3,580,000 par, due 6/13/2028	(1)	3,528,881
	MO State Higher Ed Std Asst	1.104%, $499,320 par, due 5/20/2030	(1)	500,704
	Mondelez International Holdings Netherlands BV	2.125%, $1,225,000 par, due 9/19/2022	(1)	1,237,847
	Mondelez International Holdings Netherlands BV	2.250%, $560,000 par, due 9/19/2024	(1)	572,659
	Mondelez International Holdings Netherlands BV	0.750%, $1,470,000 par, due 9/24/2024	(1)	1,445,648
	Monongahela Power Co	4.100%, $1,103,000 par, due 4/15/2024	(1)	1,160,523
	Morgan Stanley	0.790%, $1,550,000 par, due 5/30/2025	(1)	1,530,036
	Morgan Stanley	0.731%, $860,000 par, due 4/5/2024	(1)	857,399
	Morgan Stanley	0.791%, $3,120,000 par, due 1/22/2025	(1)	3,088,778
	Morgan Stanley	1.164%, $1,230,000 par, due 10/21/2025	(1)	1,220,555
	Morgan Stanley	3.750%, $2,000,000 par, due 2/25/2023	(1)	2,068,718
	Morgan Stanley	3.875%, $1,507,000 par, due 4/29/2024	(1)	1,597,845
	Morgan Stanley	3.125%, $800,000 par, due 1/23/2023	(1)	820,310
	Morgan Stanley BAML Trust	3.824%, $102,133 par, due 10/15/2046	(1)	104,175
	Morgan Stanley BAML Trust 2014-C15	4.051%, $945,000 par, due 4/15/2047	(1)	991,928
	MPLX LP	3.375%, $730,000 par, due 3/15/2023	(1)	748,608
	Multnomah County School District No 1 Portland/OR	0.300%, $3,000,000 par, due 6/30/2022	(1)	2,999,730
	Nature Conservancy/The	0.467%, $850,000 par, due 7/1/2023	(1)	842,856
	Nature Conservancy/The	0.367%, $1,100,000 par, due 7/1/2022	(1)	1,097,186
	Navient Private Education Refi Loan Trust 2021-E	0.970%, $3,351,800 par, due 12/16/2069	(1)	3,295,178
	Navient Private Education Refi Loan Trust 2021-G	1.580%, $4,740,000 par, due 4/15/2070	(1)	4,723,197
	Navient Student Loan Trust 2016-6	0.853%, $886,192 par, due 3/25/2066	(1)	887,670
	Navient Student Loan Trust 2021-1	0.702%, $3,776,287 par, due 12/26/2069	(1)	3,778,444
	NC State Edu Asst Auth	0.603%, $68,047 par, due 12/26/2039	(1)	67,627
	Nelnet Student Loan Trust 2021-A	1.360%, $4,046,249 par, due 4/20/2062	(1)	3,975,799
	Nelnet Student Loan Trust 2021-A	0.904%, $2,454,144 par, due 4/20/2062	(1)	2,458,358

35 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Nelnet Student Loan Trust 2021-C	0.844%, $2,995,622 par, due 4/20/2062	(1)	$	3,002,706
	Nelnet Student Loan Trust 2021-D	0.794%, $5,513,927 par, due 4/20/2062	(1)	5,508,716
	Nestle Holdings Inc	0.606%, $2,260,000 par, due 9/14/2024	(1)	2,228,093
	New York Life Global Funding	2.875%, $2,295,000 par, due 4/10/2024	(1)	2,388,076
	New York Life Global Funding	2.000%, $730,000 par, due 1/22/2025	(1)	745,369
	New York State Dormitory Authority	0.887%, $1,885,000 par, due 3/15/2025	(1)	1,858,949
	NextEra Energy Capital Holdings Inc	0.650%, $1,230,000 par, due 3/1/2023	(1)	1,227,599
	NIKE Inc	2.400%, $615,000 par, due 3/27/2025	(1)	636,945
	Nissan Auto Lease Trust 2020-A	1.840%, $2,869,561 par, due 1/17/2023	(1)	2,878,296
	Nissan Auto Lease Trust 2020-B	0.430%, $4,835,000 par, due 10/16/2023	(1)	4,835,542
	Nissan Auto Receivables 2018-B Owner Trust	3.060%, $48,076 par, due 3/15/2023	(1)	48,175
	Nissan Auto Receivables 2019-A Owner Trust	2.900%, $814,129 par, due 10/16/2023	(1)	819,885
	North Carolina State Education Assistance Auth	0.903%, $2,629,230 par, due 7/25/2039	(1)	2,640,326
	Northern States Power Co/MN	2.600%, $277,000 par, due 5/15/2023	(1)	281,116
	Northrop Grumman Corp	2.930%, $2,170,000 par, due 1/15/2025	(1)	2,261,294
	Northstar Edu Fin Inc	0.803%, $953,509 par, due 12/26/2031	(1)	953,919
	NorthWestern Corp	1.000%, $1,220,000 par, due 3/26/2024	(1)	1,193,979
	Northwestern Mutual Global Funding	0.800%, $1,420,000 par, due 1/14/2026	(1)	1,379,759
	Northwestern Mutual Global Funding	0.600%, $830,000 par, due 3/25/2024	(1)	819,935
	NTT Finance Corp	1.162%, $1,340,000 par, due 4/3/2026	(1)	1,315,315
	NTT Finance Corp	0.583%, $750,000 par, due 3/1/2024	(1)	741,425
	Nutrien Ltd	1.900%, $910,000 par, due 5/13/2023	(1)	921,702
	Oklahoma Gas and Electric Co	0.553%, $710,000 par, due 5/26/2023	(1)	705,368
	Oklahoma Water Resources Board	1.884%, $2,565,000 par, due 4/1/2024	(1)	2,619,096
	Oklahoma Water Resources Board	0.700%, $1,610,000 par, due 10/1/2024	(1)	1,594,383
	Oncor Electric Delivery Co LLC	0.550%, $1,240,000 par, due 10/1/2025	(1)	1,194,212
	Oncor Electric Delivery Co LLC	2.750%, $2,358,000 par, due 6/1/2024	(1)	2,444,631
	Oracle Corp	1.650%, $2,180,000 par, due 3/25/2026	(1)	2,164,016
	Oracle Corp	2.500%, $2,380,000 par, due 4/1/2025	(1)	2,436,742
	Oracle Corp	2.625%, $700,000 par, due 2/15/2023	(1)	712,506
	Otis Worldwide Corp	2.056%, $670,000 par, due 4/5/2025	(1)	681,413
	Otis Worldwide Corp	0.583%, $1,030,000 par, due 4/5/2023	(1)	1,030,028
	PA State Higher Ed Asst	1.224%, $292,277 par, due 1/25/2028	(1)	292,742
	Pacific Life Global Funding II	1.200%, $2,335,000 par, due 6/24/2025	(1)	2,306,947
	PacifiCorp	2.950%, $640,000 par, due 6/1/2023	(1)	655,190
	PacifiCorp	3.600%, $225,000 par, due 4/1/2024	(1)	235,835
	PacifiCorp	3.350%, $1,500,000 par, due 7/1/2025	(1)	1,582,040
	Packaging Corp of America	3.650%, $1,695,000 par, due 9/15/2024	(1)	1,790,464
	Parker-Hannifin Corp	3.500%, $630,000 par, due 9/15/2022	(1)	643,000
	Parker-Hannifin Corp	3.300%, $1,440,000 par, due 11/21/2024	(1)	1,510,976
	Parker-Hannifin Corp	2.700%, $456,000 par, due 6/14/2024	(1)	471,197
	PeaceHealth Obligated Group	1.375%, $1,715,000 par, due 11/15/2025	(1)	1,704,516
	PerkinElmer Inc	0.850%, $1,440,000 par, due 9/15/2024	(1)	1,419,814
	PerkinElmer Inc	0.550%, $1,440,000 par, due 9/15/2023	(1)	1,427,943
	Petroleos Mexicanos	0.474%, $346,500 par, due 4/15/2025	(1)	346,589
	Petroleos Mexicanos	0.585%, $1,018,125 par, due 2/15/2024	(1)	1,018,531
	Petroleos Mexicanos	1.950%, $790,000 par, due 12/20/2022	(1)	796,063
	Petroleos Mexicanos	1.700%, $1,000,000 par, due 12/20/2022	(1)	1,005,909
	PHEAA Student Loan Trust 2016-1	1.253%, $905,335 par, due 9/25/2065	(1)	921,168
	Phillips 66	0.900%, $830,000 par, due 2/15/2024	(1)	823,978
	Phillips 66	3.700%, $365,000 par, due 4/6/2023	(1)	377,350
	Phillips 66	3.850%, $1,450,000 par, due 4/9/2025	(1)	1,546,556
	Pioneer Natural Resources Co	0.550%, $570,000 par, due 5/15/2023	(1)	567,870
	Pioneer Natural Resources Co	0.750%, $1,150,000 par, due 1/15/2024	(1)	1,134,590
	Pomona Redevelopment Agency Successor Agency	3.632%, $400,000 par, due 2/1/2023	(1)	411,532
	Portland Community College District	0.572%, $3,445,000 par, due 6/15/2024	(1)	3,417,440
	Providence Health & Services Obligated Group	4.379%, $1,225,000 par, due 10/1/2023	(1)	1,292,408
	PSNH Funding LLC 3	3.094%, $963,663 par, due 2/1/2026	(1)	986,440
	Public Service Electric and Gas Co	2.375%, $2,050,000 par, due 5/15/2023	(1)	2,086,051
	Public Service Electric and Gas Co	3.250%, $1,595,000 par, due 9/1/2023	(1)	1,650,709
	Raytheon Technologies Corp	3.200%, $330,000 par, due 3/15/2024	(1)	343,484
	Raytheon Technologies Corp	3.950%, $1,300,000 par, due 8/16/2025	(1)	1,410,044
	Raytheon Technologies Corp	3.650%, $33,000 par, due 8/16/2023	(1)	34,312
	Reckitt Benckiser Treasury Services PLC	2.375%, $979,000 par, due 6/24/2022	(1)	986,331
	Reckitt Benckiser Treasury Services PLC	2.750%, $1,240,000 par, due 6/26/2024	(1)	1,281,497
	Regions Financial Corp	2.250%, $500,000 par, due 5/18/2025	(1)	509,998
	Reliance Industries Ltd	1.870%, $171,947 par, due 1/15/2026	(1)	174,391
	Reliance Industries Ltd	2.444%, $2,842,105 par, due 1/15/2026	(1)	2,914,454

36 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Reliance Industries Ltd	2.512%, $1,941,750 par, due 1/15/2026	(1)	$	1,994,105
	RELX Capital Inc	3.500%, $1,410,000 par, due 3/16/2023	(1)	1,451,493
	RI State Std Ln Authority	0.765%, $392,224 par, due 9/1/2036	(1)	390,435
	Rockwall Independent School District	4.000%, $2,000,000 par, due 2/15/2025	(1)	2,170,000
	Roper Technologies Inc	1.000%, $1,070,000 par, due 9/15/2025	(1)	1,045,906
	Roper Technologies Inc	0.450%, $710,000 par, due 8/15/2022	(1)	709,409
	Roper Technologies Inc	2.350%, $440,000 par, due 9/15/2024	(1)	451,233
	Royal Bank of Canada	3.700%, $1,439,000 par, due 10/5/2023	(1)	1,509,312
	Royal Bank of Canada	0.793%, $1,300,000 par, due 10/5/2023	(1)	1,309,814
	Royal Bank of Canada	0.750%, $1,660,000 par, due 10/7/2024	(1)	1,643,531
	Ryder System Inc	2.875%, $1,060,000 par, due 6/1/2022	(1)	1,068,125
	Ryder System Inc	3.650%, $292,000 par, due 3/18/2024	(1)	307,144
	Salvation Army/United States	3.396%, $230,000 par, due 9/1/2023	(1)	237,336
	San Diego Gas & Electric Co	1.914%, $52,577 par, due 2/1/2022	(1)	52,616
	SANFORD HEALTH	2.396%, $1,250,000 par, due 11/1/2023	(1)	1,281,713
	SANFORD HEALTH	2.496%, $1,345,000 par, due 11/1/2024	(1)	1,391,456
	Santander Retail Auto Lease Trust 2019-C	1.860%, $1,636,684 par, due 2/21/2023	(1)	1,641,900
	Santander Retail Auto Lease Trust 2020-A	1.740%, $5,560,000 par, due 7/20/2023	(1)	5,593,238
	Santander Retail Auto Lease Trust 2020-B	0.570%, $5,075,000 par, due 4/22/2024	(1)	5,056,400
	Santander Retail Auto Lease Trust 2021-A	0.510%, $4,295,000 par, due 7/22/2024	(1)	4,265,412
	Santander Retail Auto Lease Trust 2021-B	0.510%, $5,300,000 par, due 8/20/2024	(1)	5,248,500
	Santander Retail Auto Lease Trust 2021-C	0.500%, $4,525,000 par, due 3/20/2025	(1)	4,489,881
	Sayarra Ltd	2.575%, $34,906 par, due 4/14/2022	(1)	35,019
	SBA Small Business Investment Cos	2.829%, $1,744,521 par, due 9/10/2025	(1)	1,785,233
	SBA Small Business Investment Cos	2.517%, $288,684 par, due 3/10/2025	(1)	292,999
	SBA Small Business Investment Cos	3.644%, $11,341 par, due 9/10/2023	(1)	11,367
	SBA Small Business Investment Cos	2.507%, $1,140,468 par, due 3/10/2026	(1)	1,159,583
	SC State Std Ln Corp	0.849%, $338,676 par, due 5/1/2030	(1)	339,337
	SC State Std Ln Corp	0.603%, $641,411 par, due 1/25/2041	(1)	637,666
	Schlumberger Finance Canada Ltd	2.650%, $680,000 par, due 11/20/2022	(1)	690,972
	Schlumberger Investment SA	2.400%, $1,808,000 par, due 8/1/2022	(1)	1,819,414
	Seasoned Credit Risk Transfer Trust	2.500%, $4,015,751 par, due 9/25/2060	(1)	4,101,680
	Seasoned Credit Risk Transfer Trust Series 2018-3	3.500%, $113,153 par, due 8/25/2057	(1)	117,392
	Seasoned Credit Risk Transfer Trust Series 2020-2	2.500%, $3,792,566 par, due 11/25/2059	(1)	3,877,144
	Seasoned Credit Risk Transfer Trust Series 2020-3	2.500%, $1,574,799 par, due 5/25/2060	(1)	1,609,824
	Seasoned Credit Risk Transfer Trust Series 2020-3	2.500%, $2,045,785 par, due 5/25/2060	(1)	2,093,502
	Shell International Finance BV	0.556%, $1,080,000 par, due 11/13/2023	(1)	1,082,848
	Sherwin-Williams Co/The	2.750%, $83,000 par, due 6/1/2022	(1)	83,571
	Siemens Financieringsmaatschappij NV	0.650%, $630,000 par, due 3/11/2024	(1)	625,014
	Simon Property Group LP	2.750%, $2,500,000 par, due 6/1/2023	(1)	2,555,720
	SLCC Student Loan Trust I	1.323%, $6,174 par, due 10/25/2027	(1)	6,177
	SLM Student Loan Trust 2003-10	0.873%, $5,905,000 par, due 12/17/2068	(1)	5,921,251
	SLM Student Loan Trust 2005-4	0.244%, $183,230 par, due 1/25/2027	(1)	182,816
	SLM Student Loan Trust 2008-9	1.624%, $368,343 par, due 4/25/2023	(1)	370,843
	Southern California Edison Co	1.845%, $85,714 par, due 2/1/2022	(1)	85,780
	Southern Natural Gas Co LLC	0.625%, $375,000 par, due 4/28/2023	(1)	372,838
	Southwestern Public Service Co	3.300%, $1,051,000 par, due 6/15/2024	(1)	1,093,883
	Spire Missouri Inc	0.550%, $3,340,000 par, due 12/2/2024	(1)	3,340,411
	Starbucks Corp	1.300%, $300,000 par, due 5/7/2022	(1)	300,980
	State of Hawaii	2.255%, $1,500,000 par, due 10/1/2023	(1)	1,537,605
	State of Hawaii	0.713%, $4,165,000 par, due 8/1/2024	(1)	4,130,181
	State of Maine	1.250%, $690,000 par, due 6/1/2022	(1)	693,450
	State of Maine	1.250%, $400,000 par, due 6/1/2023	(1)	403,092
	State of New York	1.950%, $1,500,000 par, due 2/15/2023	(1)	1,522,200
	State of New York	0.250%, $2,250,000 par, due 3/15/2022	(1)	2,250,090
	State of Utah	4.554%, $855,000 par, due 7/1/2024	(1)	900,418
	State of Utah	3.539%, $1,340,000 par, due 7/1/2025	(1)	1,400,622
	State Street Corp	2.653%, $1,080,000 par, due 5/15/2023	(1)	1,087,855
	State Street Corp	3.776%, $63,000 par, due 12/3/2024	(1)	66,333
	Student Loan Corp	0.924%, $946,700 par, due 4/25/2037	(1)	945,157
	Student Loan Corp	0.802%, $1,772,146 par, due 7/25/2036	(1)	1,767,795
	Sumitomo Mitsui Financial Group Inc	0.922%, $1,310,000 par, due 10/16/2023	(1)	1,322,030
	Sumitomo Mitsui Financial Group Inc	1.474%, $3,019,000 par, due 7/8/2025	(1)	3,004,539
	Sumitomo Mitsui Financial Group Inc	2.784%, $975,000 par, due 7/12/2022	(1)	986,987
	Sutter Health	1.321%, $1,040,000 par, due 8/15/2025	(1)	1,031,036
	Target Corp	2.250%, $760,000 par, due 4/15/2025	(1)	783,531
	Texas Tech University System	0.938%, $1,250,000 par, due 2/15/2025	(1)	1,240,938
	Thermo Fisher Scientific Inc	1.215%, $3,010,000 par, due 10/18/2024	(1)	3,007,171

37 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Toronto-Dominion Bank/The	0.700%, $3,890,000 par, due 9/10/2024	(1)	$	3,840,224
	Toronto-Dominion Bank/The	3.250%, $497,000 par, due 3/11/2024	(1)	519,453
	Toronto-Dominion Bank/The	2.650%, $736,000 par, due 6/12/2024	(1)	763,572
	Toronto-Dominion Bank/The	0.750%, $720,000 par, due 6/12/2023	(1)	720,096
	TotalEnergies Capital International SA	3.700%, $402,000 par, due 1/15/2024	(1)	422,620
	TotalEnergies Capital International SA	2.700%, $600,000 par, due 1/25/2023	(1)	612,322
	TotalEnergies Capital International SA	2.434%, $1,273,000 par, due 1/10/2025	(1)	1,312,387
	Towd Point Mortgage Trust 2015-6	3.500%, $5,482 par, due 4/25/2055	(1)	5,477
	Towd Point Mortgage Trust 2016-2	2.750%, $158,176 par, due 8/25/2055	(1)	158,549
	Towd Point Mortgage Trust 2016-3	2.250%, $51,096 par, due 4/25/2056	(1)	51,109
	Towd Point Mortgage Trust 2016-4	2.250%, $20,357 par, due 7/25/2056	(1)	20,424
	Towd Point Mortgage Trust 2017-1	2.750%, $507,852 par, due 10/25/2056	(1)	512,230
	Towd Point Mortgage Trust 2017-2	2.750%, $180,444 par, due 4/25/2057	(1)	181,851
	Towd Point Mortgage Trust 2017-5	0.692%, $236,636 par, due 2/25/2057	(1)	236,513
	Towd Point Mortgage Trust 2017-6	2.750%, $495,913 par, due 10/25/2057	(1)	502,031
	Towd Point Mortgage Trust 2018-1	3.000%, $226,085 par, due 1/25/2058	(1)	228,940
	Towd Point Mortgage Trust 2018-2	3.250%, $1,794,949 par, due 3/25/2058	(1)	1,832,700
	Towd Point Mortgage Trust 2018-3	3.750%, $1,143,067 par, due 5/25/2058	(1)	1,181,905
	Towd Point Mortgage Trust 2019-HY3	1.102%, $1,701,245 par, due 10/25/2059	(1)	1,709,321
	Towd Point Mortgage Trust 2021-1	2.250%, $4,332,175 par, due 11/25/2061	(1)	4,385,296
	Toyota Auto Loan Extended Note Trust 2019-1	2.560%, $3,565,000 par, due 11/25/2031	(1)	3,681,647
	Toyota Auto Loan Extended Note Trust 2020-1	1.350%, $2,710,000 par, due 5/25/2033	(1)	2,703,195
	Toyota Auto Loan Extended Note Trust 2021-1	1.070%, $2,550,000 par, due 2/27/2034	(1)	2,501,961
	Toyota Auto Receivables 2019-A Owner Trust	2.910%, $689,037 par, due 7/17/2023	(1)	694,417
	Toyota Auto Receivables 2020-C Owner Trust	0.360%, $260,640 par, due 2/15/2023	(1)	260,651
	Toyota Auto Receivables 2021-D Owner Trust	0.710%, $1,995,000 par, due 4/15/2026	(1)	1,982,737
	Toyota Motor Credit Corp	3.350%, $198,000 par, due 1/8/2024	(1)	207,357
	Toyota Motor Credit Corp	0.625%, $2,080,000 par, due 9/13/2024	(1)	2,051,920
	Toyota Motor Credit Corp	1.800%, $1,500,000 par, due 2/13/2025	(1)	1,523,052
	Toyota Motor Credit Corp	3.000%, $1,100,000 par, due 4/1/2025	(1)	1,154,497
	Trane Technologies Luxembourg Finance SA	3.550%, $400,000 par, due 11/1/2024	(1)	422,882
	Transportation Finance Equipment Trust 2019-1	1.850%, $2,364,856 par, due 4/24/2023	(1)	2,376,947
	Truist Bank	3.200%, $315,000 par, due 4/1/2024	(1)	329,787
	Truist Financial Corp	2.200%, $2,105,000 par, due 3/16/2023	(1)	2,140,541
	TSMC Arizona Corp	1.750%, $2,400,000 par, due 10/25/2026	(1)	2,402,515
	TSMC Global Ltd	1.250%, $660,000 par, due 4/23/2026	(1)	646,870
	TSMC Global Ltd	0.750%, $2,220,000 par, due 9/28/2025	(1)	2,145,763
	Tyco Electronics Group SA	3.450%, $440,000 par, due 8/1/2024	(1)	461,374
	UBS AG/London	0.700%, $1,800,000 par, due 8/9/2024	(1)	1,779,462
	UBS Commercial Mortgage Trust 2012-C1	3.400%, $7,075 par, due 5/10/2045	(1)	7,069
	UBS Group AG	1.384%, $1,297,000 par, due 5/23/2023	(1)	1,302,224
	UBS Group AG	1.008%, $780,000 par, due 7/30/2024	(1)	777,585
	UBS-Barclays Commercial Mortgage Trust 2012-C3	3.091%, $3,195,449 par, due 8/10/2049	(1)	3,218,763
	UBS-Barclays Commercial Mortgage Trust 2012-C4	2.459%, $204,087 par, due 12/10/2045	(1)	204,615
	UBS-Barclays Commercial Mortgage Trust 2012-C4	2.850%, $630,000 par, due 12/10/2045	(1)	634,610
	Unilever Capital Corp	0.626%, $730,000 par, due 8/12/2024	(1)	725,597
	Union Pacific Corp	4.163%, $27,000 par, due 7/15/2022	(1)	27,265
	Union Pacific Corp	3.150%, $94,000 par, due 3/1/2024	(1)	97,995
	Union Pacific Corp	2.950%, $700,000 par, due 3/1/2022	(1)	702,517
	Union Pacific Corp	3.750%, $730,000 par, due 3/15/2024	(1)	767,434
	Union Pacific Corp	3.500%, $1,822,000 par, due 6/8/2023	(1)	1,884,753
	United Parcel Service Inc	3.900%, $880,000 par, due 4/1/2025	(1)	950,008
	United States Small Business Administration	4.760%, $557,175 par, due 9/1/2025	(1)	572,376
	United States Small Business Administration	1.880%, $64,891 par, due 3/1/2025	(1)	65,614
	United States Small Business Administration	5.630%, $585,105 par, due 10/1/2028	(1)	633,767
	United States Small Business Administration	5.510%, $140,198 par, due 11/1/2027	(1)	151,120
	United States Small Business Administration	6.770%, $197,376 par, due 11/1/2028	(1)	217,756
	United States Small Business Administration	5.290%, $425,906 par, due 12/1/2027	(1)	462,727
	United States Small Business Administration	5.720%, $123,952 par, due 1/1/2029	(1)	133,660
	United States Treasury Note/Bond	0.250%, $31,700,000 par, due 6/30/2025	(1)	30,808,438
	United States Treasury Note/Bond	1.750%, $100,875,000 par, due 12/31/2024	(1)	103,203,800
	United States Treasury Note/Bond	0.625%, $30,000,000 par, due 10/15/2024	(1)	29,763,270
	United States Treasury Note/Bond	0.250%, $27,750,000 par, due 11/15/2023	(1)	27,524,531
	United States Treasury Note/Bond	0.125%, $4,000,000 par, due 10/15/2023	(1)	3,960,468
	United States Treasury Note/Bond	0.375%, $7,775,000 par, due 4/15/2024	(1)	7,698,463
	United States Treasury Note/Bond	0.375%, $15,600,000 par, due 9/15/2024	(1)	15,383,066
	United States Treasury Note/Bond	0.500%, $23,300,000 par, due 3/31/2025	(1)	22,920,466
	United States Treasury Note/Bond	0.125%, $80,860,000 par, due 1/15/2024	(1)	79,852,404

38 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
			Description of investment, including
			maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value		Cost	Current value
		United States Treasury Note/Bond	0.750%, $16,000,000 par, due 11/15/2024		(1)	$	15,913,744
		United States Treasury Note/Bond	0.125%, $30,625,000 par, due 12/15/2023		(1)	30,276,886
		UnitedHealth Group Inc	3.500%, $1,147,000 par, due 6/15/2023		(1)	1,193,002
		UnitedHealth Group Inc	3.500%, $1,390,000 par, due 2/15/2024		(1)	1,465,120
		University of Michigan	1.004%, $2,710,000 par, due 4/1/2025		(1)	2,693,306
		US Bancorp	3.375%, $292,000 par, due 2/5/2024		(1)	306,140
		Utah State Board of Regents	0.868%, $523,010 par, due 12/26/2031		(1)	524,344
		Ventas Realty LP	2.650%, $430,000 par, due 1/15/2025		(1)	443,138
		Verizon Communications Inc	3.376%, $1,400,000 par, due 2/15/2025		(1)	1,489,811
		Verizon Master Trust	0.500%, $6,690,000 par, due 5/20/2027		(1)	6,603,666
		Verizon Master Trust	0.990%, $7,045,000 par, due 4/20/2028		(1)	7,010,937
		Verizon Owner Trust 2018-A	3.230%, $15,914 par, due 4/20/2023		(1)	15,939
		Verizon Owner Trust 2019-A	2.930%, $714,291 par, due 9/20/2023		(1)	718,203
		Verizon Owner Trust 2019-B	2.330%, $1,848,510 par, due 12/20/2023		(1)	1,860,882
		Verizon Owner Trust 2020-A	1.850%, $7,875,000 par, due 7/22/2024		(1)	7,934,015
		Verizon Owner Trust 2020-B	0.470%, $6,240,000 par, due 2/20/2025		(1)	6,223,433
		Verizon Owner Trust 2020-C	0.410%, $3,095,000 par, due 4/21/2025		(1)	3,080,843
		Vermont Std Asst Corp	0.803%, $556,093 par, due 7/28/2034		(1)	553,807
		Virginia Electric and Power Co	3.450%, $593,000 par, due 2/15/2024		(1)	618,026
		Volkswagen Auto Lease Trust 2019-A	1.990%, $642,146 par, due 11/21/2022		(1)	643,379
		Volkswagen Auto Loan Enhanced Trust 2018-2	3.250%, $97,984 par, due 4/20/2023		(1)	98,349
		Volkswagen Auto Loan Enhanced Trust 2021-1	1.020%, $3,890,000 par, due 6/22/2026		(1)	3,889,837
		Volkswagen Group of America Finance LLC	3.350%, $750,000 par, due 5/13/2025		(1)	789,405
		Volkswagen Group of America Finance LLC	2.700%, $880,000 par, due 9/26/2022		(1)	892,726
		Volvo Financial Equipment LLC Series 2019-2	2.040%, $2,185,141 par, due 11/15/2023		(1)	2,198,870
		Vulcan Materials Co	4.500%, $1,308,000 par, due 4/1/2025		(1)	1,419,176
		Walt Disney Co/The	3.350%, $2,460,000 par, due 3/24/2025		(1)	2,617,398
		WEC Energy Group Inc	3.550%, $206,000 par, due 6/15/2025		(1)	218,208
		WEC Energy Group Inc	0.800%, $2,660,000 par, due 3/15/2024		(1)	2,633,185
*		Wells Fargo Commercial Mortgage Trust 2013-LC12	4.218%, $607,000 par, due 7/15/2046		(1)	628,542
		Welltower Inc	3.625%, $2,496,000 par, due 3/15/2024		(1)	2,625,478
		Westpac Banking Corp	0.950%, $1,190,000 par, due 2/26/2024		(1)	1,204,479
		Westpac Banking Corp	1.019%, $380,000 par, due 11/18/2024		(1)	379,070
		WFRBS Commercial Mortgage Trust 2012-C10	2.875%, $1,850,000 par, due 12/15/2045		(1)	1,870,905
		WFRBS Commercial Mortgage Trust 2012-C10	2.453%, $161,151 par, due 12/15/2045		(1)	161,920
		WFRBS Commercial Mortgage Trust 2013-C12	2.838%, $64,253 par, due 3/15/2048		(1)	64,941
		WFRBS Commercial Mortgage Trust 2013-C17	4.023%, $382,000 par, due 12/15/2046		(1)	397,785
		Williams Cos Inc/The	3.900%, $1,400,000 par, due 1/15/2025		(1)	1,488,179
		Windermere Aviation LLC	2.351%, $578,878 par, due 5/27/2026		(1)	593,945
		World Omni Auto Lease Sec Trust 2021-A	0.420%, $2,250,000 par, due 8/15/2024		(1)	2,230,043
		World Omni Auto Receivables Trust	1.100%, $6,860,844 par, due 4/15/2025		(1)	6,885,509
		World Omni Auto Receivables Trust 2018-B	2.870%, $172,592 par, due 7/17/2023		(1)	172,997
		World Omni Auto Receivables Trust 2018-C	3.130%, $515,363 par, due 11/15/2023		(1)	518,074
		World Omni Auto Receivables Trust 2019-C	1.960%, $3,467,627 par, due 12/16/2024		(1)	3,491,893
		World Omni Auto Receivables Trust 2020-C	0.480%, $7,820,000 par, due 11/17/2025		(1)	7,800,755
		World Omni Auto Receivables Trust 2021-D	0.810%, $3,895,000 par, due 10/15/2026		(1)	3,872,974
		World Omni Automobile Lease Sec Trust 2019-B	2.030%, $911,284 par, due 11/15/2022		(1)	912,385
		World Omni Select Auto Trust 2019-A	2.000%, $2,614,816 par, due 8/15/2024		(1)	2,624,643
		World Omni Select Auto Trust 2020-A	0.470%, $740,695 par, due 6/17/2024		(1)	740,860
		WRKCo Inc	3.000%, $720,000 par, due 9/15/2024		(1)	750,740
		Yale University	0.873%, $3,670,000 par, due 4/15/2025		(1)	3,634,111
		BlackRock Treasury Trust Fund	53,069,326 shares		(1)	53,069,326
						1,589,639,895
			Accrued income receivable			3,586,035
			Payable for securities purchased on a forward
				commitment basis		(90,646,913)
			Receivable for securities sold on a forward
				commitment basis		45,391,102
			Receivable for investment payments due			14,792,487
			Payable for investment payments due			(15,410,172)
				Total		1,547,352,434

	American General Life Ins. Co.		1.72%		(1)	—
	Massachsetts Mutual Life Ins. Co.		1.89%		(1)	—
	Nationwide Life Insurance Co.		1.95%		(1)	—
	Pacific Life Ins. Co.		2.05%		(1)	—
	Prudential Ins. Co. of America		2.11%		(1)	—
	Royal Bank of Canada		1.79%		(1)	—
	State Street Bank and TrustCo.		1.95%		(1)	—

39 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
			Description of investment, including
			maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value	Cost	Current value
	Transamerica Premier Life Ins. Co.		1.98%	(1)	$	—
	Voya Ins. and Annuity Co.		1.76%	(1)	—
		3M Co	2.000%, $1,240,000 par, due 2/14/2025	(1)	1,268,986
		7-Eleven Inc	0.950%, $690,000 par, due 2/10/2026	(1)	668,498
		AbbVie Inc	2.950%, $1,120,000 par, due 11/21/2026	(1)	1,180,859
		AbbVie Inc	3.200%, $720,000 par, due 11/21/2029	(1)	770,539
		AbbVie Inc	3.800%, $1,170,000 par, due 3/15/2025	(1)	1,245,897
		AbbVie Inc	2.600%, $3,370,000 par, due 11/21/2024	(1)	3,497,672
		Access Group Inc 2013-1	0.602%, $467,927 par, due 2/25/2036	(1)	460,977
		Advocate Health & Hospitals Corp	2.211%, $1,555,000 par, due 6/15/2030	(1)	1,558,878
		AEP Texas Inc	2.400%, $417,000 par, due 10/1/2022	(1)	422,019
		Agilent Technologies Inc	2.100%, $650,000 par, due 6/4/2030	(1)	636,990
		Agilent Technologies Inc	2.750%, $1,020,000 par, due 9/15/2029	(1)	1,053,948
		AIG Global Funding	0.900%, $2,020,000 par, due 9/22/2025	(1)	1,961,331
		Alabama Federal Aid Highway Finance Authority	2.256%, $1,520,000 par, due 9/1/2033	(1)	1,524,834
		Alexandria Real Estate Equities Inc	4.300%, $780,000 par, due 1/15/2026	(1)	854,569
		Alexandria Real Estate Equities Inc	3.800%, $1,010,000 par, due 4/15/2026	(1)	1,093,436
		Alexandria Real Estate Equities Inc	3.450%, $1,600,000 par, due 4/30/2025	(1)	1,698,216
		Alliant Energy Finance LLC	3.750%, $884,000 par, due 6/15/2023	(1)	915,734
		American Express Co	3.400%, $1,000,000 par, due 2/22/2024	(1)	1,048,863
		American Express Co	1.650%, $1,440,000 par, due 11/4/2026	(1)	1,443,591
		American Honda Finance Corp	3.450%, $766,000 par, due 7/14/2023	(1)	797,360
		American Honda Finance Corp	2.400%, $990,000 par, due 6/27/2024	(1)	1,019,912
		Amphenol Corp	3.200%, $1,335,000 par, due 4/1/2024	(1)	1,388,041
		Amphenol Corp	2.200%, $850,000 par, due 9/15/2031	(1)	831,714
		Amphenol Corp	4.350%, $440,000 par, due 6/1/2029	(1)	500,386
		Anglo American Capital PLC	3.625%, $200,000 par, due 9/11/2024	(1)	209,982
		Anglo American Capital PLC	2.250%, $340,000 par, due 3/17/2028	(1)	334,165
		Anglo American Capital PLC	4.875%, $1,240,000 par, due 5/14/2025	(1)	1,351,999
		Anheuser-Busch InBev Worldwide Inc	4.750%, $1,200,000 par, due 1/23/2029	(1)	1,397,860
		Anheuser-Busch InBev Worldwide Inc	3.650%, $1,070,000 par, due 2/1/2026	(1)	1,149,352
		Apple Inc	1.125%, $115,000 par, due 5/11/2025	(1)	114,688
		Apple Inc	3.000%, $2,400,000 par, due 2/9/2024	(1)	2,500,747
		Archer-Daniels-Midland Co	3.250%, $970,000 par, due 3/27/2030	(1)	1,055,381
		Ascension Health	2.532%, $2,498,000 par, due 11/15/2029	(1)	2,595,057
		Astrazeneca Finance LLC	1.200%, $860,000 par, due 5/28/2026	(1)	849,449
		AT&T Inc	4.500%, $870,000 par, due 5/15/2035	(1)	1,006,406
		AT&T Inc	1.381%, $320,000 par, due 6/12/2024	(1)	324,056
		AT&T Inc	2.250%, $2,730,000 par, due 2/1/2032	(1)	2,641,305
		AT&T Inc	1.700%, $2,140,000 par, due 3/25/2026	(1)	2,130,085
		AvalonBay Communities Inc	3.450%, $560,000 par, due 6/1/2025	(1)	594,550
		BAE Systems Holdings Inc	3.800%, $1,000,000 par, due 10/7/2024	(1)	1,062,162
		BAE Systems Holdings Inc	3.850%, $1,200,000 par, due 12/15/2025	(1)	1,286,759
		Baker Hughes a GE Co LLC	2.773%, $1,318,000 par, due 12/15/2022	(1)	1,344,177
		BAKER HUGHES LLC/CO-OBL	2.061%, $940,000 par, due 12/15/2026	(1)	949,158
		Bank of America Corp	4.271%, $2,180,000 par, due 7/23/2029	(1)	2,432,503
		Bank of America Corp	3.864%, $193,000 par, due 7/23/2024	(1)	201,098
		Bank of America Corp	3.458%, $1,700,000 par, due 3/15/2025	(1)	1,778,185
		Bank of America Corp	2.456%, $620,000 par, due 10/22/2025	(1)	636,919
		Bank of America Corp	2.015%, $1,740,000 par, due 2/13/2026	(1)	1,763,095
		Bank of America Corp	1.530%, $5,270,000 par, due 12/6/2025	(1)	5,282,595
		Bank of America Corp	1.319%, $2,020,000 par, due 6/19/2026	(1)	1,999,430
		Bank of America Corp	1.197%, $1,510,000 par, due 10/24/2026	(1)	1,480,585
		Bank of America Corp	1.734%, $3,220,000 par, due 7/22/2027	(1)	3,198,384
		Bank of Montreal	3.300%, $2,181,000 par, due 2/5/2024	(1)	2,282,360
		Bank of Montreal	1.250%, $1,245,000 par, due 9/15/2026	(1)	1,219,104
		Bank of Nova Scotia/The	3.400%, $2,269,000 par, due 2/11/2024	(1)	2,381,061
		Bank of Nova Scotia/The	2.200%, $2,300,000 par, due 2/3/2025	(1)	2,353,832
		Bank of Nova Scotia/The	4.500%, $210,000 par, due 12/16/2025	(1)	230,785
		Baxter International Inc	3.950%, $385,000 par, due 4/1/2030	(1)	429,055
		Baxter International Inc	1.915%, $2,120,000 par, due 2/1/2027	(1)	2,129,101
		Baxter International Inc	1.322%, $1,370,000 par, due 11/29/2024	(1)	1,368,396
		Bayer US Finance II LLC	4.375%, $1,200,000 par, due 12/15/2028	(1)	1,341,409
		Bayer US Finance II LLC	4.250%, $790,000 par, due 12/15/2025	(1)	854,850
		Bayer US Finance II LLC	3.875%, $556,000 par, due 12/15/2023	(1)	581,100
		Black Hills Corp	4.250%, $710,000 par, due 11/30/2023	(1)	745,631
		Black Hills Corp	3.150%, $1,544,000 par, due 1/15/2027	(1)	1,606,886
		BMW US Capital LLC	3.150%, $2,672,000 par, due 4/18/2024	(1)	2,790,672

40 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	BNP Paribas SA	4.400%, $1,510,000 par, due 8/14/2028	(1)	$	1,693,646
	BNP Paribas SA	4.705%, $1,283,000 par, due 1/10/2025	(1)	1,366,109
	BNP Paribas Sec Corp	1.675%, $810,000 par, due 6/30/2027	(1)	796,791
	Boeing Co/The	2.700%, $1,420,000 par, due 2/1/2027	(1)	1,444,714
	Boeing Co/The	5.040%, $270,000 par, due 5/1/2027	(1)	304,203
	Boeing Co/The	5.150%, $1,780,000 par, due 5/1/2030	(1)	2,075,804
	Boston Properties LP	3.125%, $165,000 par, due 9/1/2023	(1)	169,740
	Boston Properties LP	3.650%, $1,550,000 par, due 2/1/2026	(1)	1,661,296
	Boston Properties LP	2.750%, $1,150,000 par, due 10/1/2026	(1)	1,197,287
	BP Capital Markets America Inc	3.790%, $678,000 par, due 2/6/2024	(1)	713,829
	BP Capital Markets America Inc	3.796%, $600,000 par, due 9/21/2025	(1)	647,804
	BP Capital Markets PLC	3.814%, $560,000 par, due 2/10/2024	(1)	590,167
	BP Capital Markets PLC	3.279%, $865,000 par, due 9/19/2027	(1)	929,868
	Brazos Education Loan Authority	0.831%, $3,125,000 par, due 1/25/2072	(1)	3,125,000
	Brazos Education Loan Authority Inc	0.683%, $5,817,848 par, due 11/25/2071	(1)	5,816,230
	Bristol-Myers Squibb Co	2.900%, $1,697,000 par, due 7/26/2024	(1)	1,776,136
	Brown-Forman Corp	3.500%, $950,000 par, due 4/15/2025	(1)	1,012,387
	Burlington Northern Santa Fe LLC	3.400%, $1,840,000 par, due 9/1/2024	(1)	1,940,032
	Campbell Union High School District	2.312%, $1,430,000 par, due 8/1/2035	(1)	1,412,840
	Canadian Natural Resources Ltd	2.950%, $1,320,000 par, due 1/15/2023	(1)	1,345,213
	Canadian Pacific Railway Co	2.900%, $460,000 par, due 2/1/2025	(1)	478,597
	Canadian Pacific Railway Co	4.500%, $775,000 par, due 1/15/2022	(1)	775,915
	Canadian Pacific Railway Co	1.750%, $1,090,000 par, due 12/2/2026	(1)	1,095,550
	Capital One Bank USA NA	2.280%, $930,000 par, due 1/28/2026	(1)	947,442
	Capital One Financial Corp	1.878%, $1,595,000 par, due 11/2/2027	(1)	1,587,807
	Capital One Financial Corp	3.900%, $650,000 par, due 1/29/2024	(1)	684,119
	Cargill Inc	2.125%, $755,000 par, due 4/23/2030	(1)	747,414
	Carmax Auto Owner Trust 2018-4	3.360%, $551,301 par, due 9/15/2023	(1)	555,193
	Carrier Global Corp	2.493%, $2,870,000 par, due 2/15/2027	(1)	2,950,231
	Caterpillar Financial Services Corp	2.850%, $985,000 par, due 5/17/2024	(1)	1,028,483
	Cedars-Sinai Health System	2.288%, $1,540,000 par, due 8/15/2031	(1)	1,538,454
	Charles Schwab Corp/The	2.000%, $1,470,000 par, due 3/20/2028	(1)	1,490,667
	Cherokee County Board of Education	5.626%, $1,000,000 par, due 8/1/2028	(1)	1,207,390
	Chevron Corp	1.995%, $390,000 par, due 5/11/2027	(1)	396,093
	Chevron Corp	1.554%, $90,000 par, due 5/11/2025	(1)	90,801
	Children's Hospital Medical Center/Cincinnati OH	2.853%, $1,775,000 par, due 11/15/2026	(1)	1,842,878
	CHRISTUS Health	4.341%, $1,500,000 par, due 7/1/2028	(1)	1,698,626
	Cigna Corp	3.750%, $375,000 par, due 7/15/2023	(1)	390,001
	Cintas Corp No 2	3.250%, $780,000 par, due 6/1/2022	(1)	783,273
	Cintas Corp No 2	3.700%, $850,000 par, due 4/1/2027	(1)	930,458
	Citigroup Inc	3.200%, $1,300,000 par, due 10/21/2026	(1)	1,378,364
	Citigroup Inc	3.352%, $1,144,000 par, due 4/24/2025	(1)	1,194,720
	Citigroup Inc	3.400%, $760,000 par, due 5/1/2026	(1)	815,351
	Citigroup Inc	0.981%, $910,000 par, due 5/1/2025	(1)	902,990
	Citigroup Inc	3.520%, $500,000 par, due 10/27/2028	(1)	536,714
	Citigroup Inc	1.281%, $805,000 par, due 11/3/2025	(1)	803,015
	Citigroup Inc	4.044%, $1,325,000 par, due 6/1/2024	(1)	1,381,025
	Citigroup Inc	2.572%, $2,050,000 par, due 6/3/2031	(1)	2,069,877
	Citigroup Inc	3.668%, $880,000 par, due 7/24/2028	(1)	949,748
	Citigroup Inc	3.142%, $370,000 par, due 1/24/2023	(1)	370,469
	Citizens Bank NA/Providence RI	3.700%, $1,720,000 par, due 3/29/2023	(1)	1,774,447
	Citizens Bank NA/Providence RI	3.750%, $260,000 par, due 2/18/2026	(1)	280,255
	City & County of Honolulu HI	3.753%, $425,000 par, due 9/1/2030	(1)	479,774
	City of Atlanta GA	2.288%, $2,885,000 par, due 12/1/2033	(1)	2,901,329
	City of Boston MA	4.400%, $925,000 par, due 4/1/2026	(1)	927,479
	City of Chandler AZ Excise Tax Revenue	2.007%, $1,840,000 par, due 7/1/2030	(1)	1,851,831
	City of Chicago IL	6.050%, $230,000 par, due 1/1/2029	(1)	250,470
	City of El Paso TX Water & Sewer Revenue	1.435%, $2,455,000 par, due 3/1/2027	(1)	2,453,552
	City of Houston TX	3.725%, $735,000 par, due 3/1/2030	(1)	814,946
	City of Phoenix Civic Improvement Corp	1.455%, $835,000 par, due 7/1/2028	(1)	820,312
	City of Worcester MA	6.250%, $1,030,000 par, due 1/1/2028	(1)	1,175,683
	CLEVELAND CLINIC HEALTH SYSTEM	2.885%, $3,475,000 par, due 1/1/2032	(1)	3,684,994
	Clorox Co/The	3.100%, $1,200,000 par, due 10/1/2027	(1)	1,274,359
	Clovis Unified School District	2.228%, $2,620,000 par, due 8/1/2030	(1)	2,655,239
	Coast Community College District	2.788%, $3,610,000 par, due 8/1/2033	(1)	3,855,661
	Comcast Corp	3.950%, $1,570,000 par, due 10/15/2025	(1)	1,714,782
	Comcast Corp	3.400%, $750,000 par, due 4/1/2030	(1)	819,346
	Comerica Inc	3.700%, $844,000 par, due 7/31/2023	(1)	878,374

41 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	COMM 2012-LC4 A4 9.6-Yr CMBS	3.288%, $261,658 par, due 12/10/2044	(1)	$	261,524
	COMM 2013-CCRE11 Mortgage Trust	4.258%, $3,900,000 par, due 8/10/2050	(1)	4,083,838
	Comm 2013-CCRE13 Mortgage Trust	4.194%, $990,000 par, due 11/10/2046	(1)	1,038,672
	COMM 2013-CCRE6 Mortgage Trust	3.101%, $2,880,000 par, due 3/10/2046	(1)	2,908,924
	COMM 2013-CCRE7 Mortgage Trust	3.213%, $463,611 par, due 3/10/2046	(1)	471,714
	COMM 2013-CCRE8 Mortgage Trust	3.612%, $2,165,000 par, due 6/10/2046	(1)	2,228,173
	COMM 2013-LC6 Mortgage Trust	2.941%, $751,857 par, due 1/10/2046	(1)	761,114
	COMM 2014-CCRE17 Mortgage Trust	3.977%, $2,355,000 par, due 5/10/2047	(1)	2,485,326
	COMM 2014-CCRE18 Mortgage Trust	3.828%, $4,505,000 par, due 7/15/2047	(1)	4,741,008
	COMM 2014-CCRE19 Mortgage Trust	3.796%, $2,420,133 par, due 8/10/2047	(1)	2,553,574
	COMM 2014-CR14 Mortgage Trust	4.236%, $6,235,000 par, due 2/10/2047	(1)	6,550,142
	Commonwealth of Massachusetts	5.456%, $1,500,000 par, due 12/1/2039	(1)	2,044,890
	Commonwealth of Pennsylvania	4.650%, $750,000 par, due 2/15/2026	(1)	806,970
	ConocoPhillips	3.750%, $750,000 par, due 10/1/2027	(1)	822,657
	ConocoPhillips	4.300%, $650,000 par, due 8/15/2028	(1)	730,559
	Cooperatieve Rabobank UA	3.875%, $300,000 par, due 9/26/2023	(1)	314,840
	Cooperatieve Rabobank UA	2.625%, $535,000 par, due 7/22/2024	(1)	552,451
	Cooperatieve Rabobank UA	1.004%, $870,000 par, due 9/24/2026	(1)	847,015
	Cooperative Rabobank UA	1.980%, $3,080,000 par, due 12/15/2027	(1)	3,082,735
	Corporate Action Adjustment	0.001%, $0 par, due 1/31/3100	(1)	—
	Coterra Energy Inc	3.900%, $640,000 par, due 5/15/2027	(1)	688,181
	County of Baltimore MD	2.847%, $550,000 par, due 8/1/2026	(1)	586,707
	County of Bexar TX	2.171%, $2,090,000 par, due 6/15/2032	(1)	2,101,265
	County of Cumberland ME	5.000%, $1,560,000 par, due 12/1/2026	(1)	1,827,212
	County of Cuyahoga OH	2.141%, $1,000,000 par, due 12/1/2027	(1)	1,033,570
	County of Lee County FL Water & Sewer Revenue	2.416%, $2,140,000 par, due 10/1/2028	(1)	2,245,523
	County of Monroe PA	2.470%, $2,175,000 par, due 12/15/2025	(1)	2,251,843
	County of Spokane WA	2.828%, $875,000 par, due 12/1/2032	(1)	927,071
	County of Spokane WA	2.728%, $950,000 par, due 12/1/2031	(1)	1,003,485
	County of Spokane WA	2.728%, $245,000 par, due 12/1/2031	(1)	268,371
	Credit Suisse Group AG	1.305%, $410,000 par, due 2/2/2027	(1)	396,126
	Credit Suisse Group AG	3.574%, $700,000 par, due 1/9/2023	(1)	700,198
	Credit Suisse Group AG	3.869%, $340,000 par, due 1/12/2029	(1)	364,214
	Credit Suisse Group AG	2.593%, $640,000 par, due 9/11/2025	(1)	653,675
	Credit Suisse Group AG	2.997%, $816,000 par, due 12/14/2023	(1)	829,204
	Credit Suisse Group AG	4.207%, $950,000 par, due 6/12/2024	(1)	988,534
	CRH America Finance Inc	3.400%, $410,000 par, due 5/9/2027	(1)	437,870
	CRH America Finance Inc	3.950%, $370,000 par, due 4/4/2028	(1)	408,041
	CRH America Inc	3.875%, $740,000 par, due 5/18/2025	(1)	790,843
	Crowley Conro LLC	4.181%, $1,469,791 par, due 8/15/2043	(1)	1,707,917
	CubeSmart LP	2.250%, $460,000 par, due 12/15/2028	(1)	460,476
	CVS Health Corp	4.300%, $421,000 par, due 3/25/2028	(1)	472,787
	CVS Health Corp	3.000%, $400,000 par, due 8/15/2026	(1)	422,611
	CVS Health Corp	1.300%, $2,530,000 par, due 8/21/2027	(1)	2,454,381
	CVS Health Corp	3.500%, $340,000 par, due 7/20/2022	(1)	343,803
	Daimler Finance North America LLC	3.350%, $150,000 par, due 2/22/2023	(1)	154,173
	Daimler Finance North America LLC	2.125%, $2,040,000 par, due 3/10/2025	(1)	2,078,882
	Daimler Finance North America LLC	2.700%, $1,640,000 par, due 6/14/2024	(1)	1,695,314
	Daimler Trucks Finance North America LLC	2.000%, $2,000,000 par, due 12/14/2026	(1)	2,009,774
	Danone SA	2.589%, $1,760,000 par, due 11/2/2023	(1)	1,804,567
	Denver City & County School District No 1	3.587%, $1,255,000 par, due 12/1/2032	(1)	1,375,718
	Diageo Capital PLC	2.125%, $380,000 par, due 10/24/2024	(1)	388,625
	Diageo Capital PLC	2.000%, $620,000 par, due 4/29/2030	(1)	614,095
	Digital Realty Trust LP	4.750%, $580,000 par, due 10/1/2025	(1)	642,348
	Digital Realty Trust LP	4.450%, $990,000 par, due 7/15/2028	(1)	1,116,687
	Dominion Energy South Carolina Inc	2.300%, $930,000 par, due 12/1/2031	(1)	938,332
	DTE Electric Co	2.250%, $220,000 par, due 3/1/2030	(1)	220,798
	DTE Electric Co	2.625%, $950,000 par, due 3/1/2031	(1)	978,630
	Duke Energy Carolinas LLC	2.500%, $1,073,000 par, due 3/15/2023	(1)	1,090,859
	Duke Energy Carolinas LLC	2.550%, $1,230,000 par, due 4/15/2031	(1)	1,264,112
	Duke Energy Florida LLC	2.400%, $730,000 par, due 12/15/2031	(1)	739,268
	Duke Energy Progress LLC	2.000%, $2,020,000 par, due 8/15/2031	(1)	1,975,582
	Duke Energy Progress LLC	3.700%, $730,000 par, due 9/1/2028	(1)	800,321
	Duke Energy Progress LLC	3.450%, $350,000 par, due 3/15/2029	(1)	378,013
	Duke Realty LP	4.000%, $1,020,000 par, due 9/15/2028	(1)	1,139,563
	Duke Realty LP	3.750%, $1,820,000 par, due 12/1/2024	(1)	1,929,862
	Duke Realty LP	3.250%, $1,200,000 par, due 6/30/2026	(1)	1,274,372
	Duke University	3.199%, $2,000,000 par, due 10/1/2038	(1)	2,164,922

42 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Duke University Health System Inc	2.552%, $2,674,000 par, due 6/1/2029	(1)	$	2,710,382
	DuPont de Nemours Inc	4.493%, $770,000 par, due 11/15/2025	(1)	851,199
	DuPont de Nemours Inc	4.725%, $2,610,000 par, due 11/15/2028	(1)	3,025,405
	DUS 7Y1MO 1YIO	1.990%, $6,300,000 par, due 8/1/2028	(1)	6,428,955
	East Ohio Gas Co/The	1.300%, $617,000 par, due 6/15/2025	(1)	608,793
	ECMC Group Student Loan Trust 2021-1	0.672%, $3,154,887 par, due 11/25/2070	(1)	3,153,483
	Ecolab Inc	4.800%, $1,080,000 par, due 3/24/2030	(1)	1,298,352
	Ecolab Inc	1.650%, $715,000 par, due 2/1/2027	(1)	718,620
	EdLinc Student Loan Funding Trust 2012-1	1.103%, $123,809 par, due 9/25/2030	(1)	124,228
	Edsouth Indenture No 2 LLC	1.253%, $58,327 par, due 9/25/2040	(1)	58,666
	Edsouth Indenture No 3 LLC	0.833%, $404,800 par, due 4/25/2039	(1)	403,705
	Edu Fund of South	0.774%, $556,227 par, due 4/25/2035	(1)	557,459
	Edu Fund of South	1.152%, $1,820,893 par, due 3/25/2036	(1)	1,830,203
	EMD Finance LLC	3.250%, $2,210,000 par, due 3/19/2025	(1)	2,326,429
	Emerson Electric Co	1.950%, $455,000 par, due 10/15/2030	(1)	449,269
	Emerson Electric Co	2.000%, $2,975,000 par, due 12/21/2028	(1)	2,972,218
	Entergy Arkansas LLC	4.000%, $1,300,000 par, due 6/1/2028	(1)	1,442,981
	Entergy Arkansas LLC	3.050%, $1,537,000 par, due 6/1/2023	(1)	1,574,955
	Entergy Arkansas LLC	3.500%, $1,610,000 par, due 4/1/2026	(1)	1,723,080
	Enterprise Products Operating LLC	2.800%, $880,000 par, due 1/31/2030	(1)	918,414
	Enterprise Products Operating LLC	3.500%, $99,000 par, due 2/1/2022	(1)	99,218
	Enterprise Products Operating LLC	3.750%, $420,000 par, due 2/15/2025	(1)	446,440
	Equifax Inc	2.600%, $730,000 par, due 12/1/2024	(1)	754,762
	Equifax Inc	3.950%, $905,000 par, due 6/15/2023	(1)	940,600
	Equinor ASA	3.000%, $990,000 par, due 4/6/2027	(1)	1,044,960
	Equinor ASA	1.750%, $200,000 par, due 1/22/2026	(1)	201,313
	Ethiopian Leasing 2012 LLC	2.566%, $542,453 par, due 8/14/2026	(1)	562,361
	Ethiopian Leasing 2012 LLC	2.646%, $829,250 par, due 5/12/2026	(1)	855,724
	Evergy Kansas Central Inc	3.100%, $2,600,000 par, due 4/1/2027	(1)	2,744,102
	Evergy Metro Inc	2.250%, $1,080,000 par, due 6/1/2030	(1)	1,074,962
	EXIM Bank of the United States	1.732%, $1,743,743 par, due 9/18/2024	(1)	1,762,905
	Experian Finance PLC	4.250%, $600,000 par, due 2/1/2029	(1)	666,657
	Exxon Mobil Corp	2.992%, $1,470,000 par, due 3/19/2025	(1)	1,545,460
	Fannie Mae Grantor Trust 2002-T16	7.000%, $53,061 par, due 7/25/2042	(1)	62,564
	Fannie Mae Grantor Trust 2002-T18	7.000%, $25,310 par, due 8/25/2042	(1)	30,144
	Fannie Mae Grantor Trust 2004-T3	6.000%, $139,727 par, due 2/25/2044	(1)	157,481
	Fannie Mae or Freddie Mac	2.500%, $9,995,000 par, due 2/1/2052	(1)	10,179,328
	Fannie Mae or Freddie Mac	2.500%, $9,995,000 par, due 1/1/2051	(1)	10,202,316
	Fannie Mae Pool	2.080%, $6,380,000 par, due 10/1/2026	(1)	6,563,757
	Fannie Mae Pool	2.190%, $5,050,000 par, due 11/1/2026	(1)	5,208,388
	Fannie Mae Pool	1.390%, $2,320,000 par, due 11/1/2028	(1)	2,292,921
	Fannie Mae Pool	1.390%, $2,140,000 par, due 11/1/2028	(1)	2,115,022
	Fannie Mae Pool	1.390%, $2,050,000 par, due 11/1/2028	(1)	2,026,072
	Fannie Mae Pool	2.840%, $2,844,538 par, due 1/1/2027	(1)	3,001,610
	Fannie Mae Pool	2.760%, $1,325,849 par, due 5/1/2025	(1)	1,381,268
	Fannie Mae Pool	2.730%, $1,592,332 par, due 1/1/2023	(1)	1,610,923
	Fannie Mae Pool	3.081%, $518,255 par, due 11/1/2022	(1)	519,678
	Fannie Mae Pool	2.730%, $1,683,327 par, due 9/1/2023	(1)	1,720,449
	Fannie Mae Pool	3.080%, $1,083,983 par, due 1/1/2026	(1)	1,148,001
	Fannie Mae Pool	3.070%, $1,161,862 par, due 2/1/2026	(1)	1,226,472
	Fannie Mae Pool	2.190%, $2,334,239 par, due 7/1/2023	(1)	2,369,675
	Fannie Mae Pool	2.613%, $716,948 par, due 11/1/2022	(1)	718,068
	Fannie Mae Pool	2.500%, $1,681,856 par, due 5/1/2023	(1)	1,699,731
	Fannie Mae Pool	4.000%, $430,938 par, due 1/1/2041	(1)	468,770
	Fannie Mae Pool	4.000%, $2,258,395 par, due 11/1/2040	(1)	2,456,273
	Fannie Mae Pool	4.000%, $3,351,150 par, due 4/1/2041	(1)	3,644,731
	Fannie Mae Pool	4.000%, $5,713,062 par, due 8/1/2051	(1)	6,348,834
	Fannie Mae Pool	4.500%, $3,129,970 par, due 1/1/2051	(1)	3,475,334
	Fannie Mae Pool	3.410%, $1,029,507 par, due 11/1/2023	(1)	1,063,608
	Fannie Mae Pool	3.120%, $1,155,000 par, due 1/1/2024	(1)	1,193,951
	Fannie Mae Pool	2.800%, $1,890,000 par, due 4/1/2024	(1)	1,949,599
	Fannie Mae Pool	3.580%, $3,480,000 par, due 1/1/2026	(1)	3,735,707
	Fannie Mae Pool	3.300%, $1,877,693 par, due 3/1/2026	(1)	2,006,663
	Fannie Mae Pool	2.000%, $182,409 par, due 6/1/2022	(1)	182,369
	Fannie Mae Pool	3.349%, $1,503,865 par, due 11/1/2026	(1)	1,610,648
	Fannie Mae Pool	3.373%, $852,635 par, due 12/1/2027	(1)	923,441
	Fannie Mae Pool	2.261%, $181,831 par, due 4/1/2036	(1)	182,208
	Fannie Mae Pool	1.965%, $247,085 par, due 3/1/2044	(1)	257,255

43 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Fannie Mae Pool	1.955%, $159,376 par, due 3/1/2044	(1)	$	165,865
	Fannie Mae Pool	1.840%, $300,553 par, due 5/1/2044	(1)	312,170
	Fannie Mae Pool	3.389%, $279,103 par, due 11/1/2048	(1)	290,209
	Fannie Mae Pool	1.475%, $70,246 par, due 11/1/2041	(1)	72,026
	Fannie Mae Pool	1.992%, $14,282 par, due 5/1/2036	(1)	14,877
	Fannie Mae Pool	1.675%, $83,547 par, due 3/1/2034	(1)	86,542
	Fannie Mae Pool	1.284%, $19,657 par, due 4/1/2044	(1)	19,976
	Fannie Mae Pool	1.678%, $86,987 par, due 8/1/2034	(1)	90,164
	Fannie Mae Pool	1.722%, $38,777 par, due 1/1/2035	(1)	40,197
	Fannie Mae Pool	1.765%, $26,727 par, due 7/1/2035	(1)	27,756
	Fannie Mae Pool	1.705%, $44,699 par, due 7/1/2035	(1)	46,431
	Fannie Mae Pool	1.364%, $22,552 par, due 1/1/2037	(1)	23,071
	Fannie Mae Pool	1.233%, $21,024 par, due 4/1/2037	(1)	21,509
	Fannie Mae Pool	1.861%, $114,051 par, due 7/1/2035	(1)	115,665
	Fannie Mae Pool	3.476%, $188,579 par, due 5/1/2036	(1)	201,895
	Fannie Mae Pool	2.190%, $40,974 par, due 1/1/2041	(1)	42,942
	Fannie Mae Pool	2.125%, $35,437 par, due 3/1/2042	(1)	37,336
	Fannie Mae Pool	5.500%, $624,084 par, due 4/1/2033	(1)	712,938
	Fannie Mae Pool	5.000%, $270,189 par, due 11/1/2033	(1)	304,839
	Fannie Mae Pool	5.500%, $76,377 par, due 4/1/2036	(1)	86,110
	Fannie Mae Pool	6.000%, $28,202 par, due 9/1/2038	(1)	30,121
	Fannie Mae Pool	5.000%, $362,879 par, due 10/1/2035	(1)	410,177
	Fannie Mae Pool	5.000%, $572,853 par, due 6/1/2035	(1)	646,263
	Fannie Mae Pool	5.000%, $1,187,339 par, due 3/1/2036	(1)	1,341,966
	Fannie Mae Pool	5.000%, $184,919 par, due 9/1/2033	(1)	208,206
	Fannie Mae Pool	3.500%, $162,872 par, due 8/1/2032	(1)	173,536
	Fannie Mae Pool	3.000%, $871,474 par, due 3/1/2033	(1)	914,537
	Fannie Mae Pool	3.500%, $551,332 par, due 4/1/2046	(1)	591,549
	Fannie Mae Pool	3.000%, $636,204 par, due 7/1/2032	(1)	672,636
	Fannie Mae Pool	4.500%, $2,148,188 par, due 6/1/2056	(1)	2,406,590
	Fannie Mae Pool	4.000%, $737,255 par, due 11/1/2045	(1)	809,610
	Fannie Mae Pool	4.500%, $1,424,492 par, due 6/1/2056	(1)	1,595,836
	Fannie Mae Pool	4.000%, $1,699,680 par, due 6/1/2056	(1)	1,874,847
	Fannie Mae Pool	4.000%, $3,042,011 par, due 7/1/2056	(1)	3,370,390
	Fannie Mae Pool	4.500%, $3,719,598 par, due 6/1/2056	(1)	4,167,029
	Fannie Mae Pool	3.500%, $1,752,675 par, due 11/1/2046	(1)	1,878,829
	Fannie Mae Pool	4.000%, $2,033,010 par, due 7/1/2056	(1)	2,212,633
	Fannie Mae Pool	4.500%, $1,338,340 par, due 11/1/2048	(1)	1,454,139
	Fannie Mae Pool	3.000%, $1,040,273 par, due 1/1/2035	(1)	1,100,871
	Fannie Mae Pool	3.000%, $899,830 par, due 1/1/2035	(1)	948,008
	Fannie Mae Pool	3.000%, $578,293 par, due 1/1/2035	(1)	607,551
	Fannie Mae Pool	2.500%, $2,149,266 par, due 12/1/2034	(1)	2,240,885
	Fannie Mae Pool	3.000%, $1,429,135 par, due 12/1/2049	(1)	1,497,766
	Fannie Mae Pool	3.000%, $359,270 par, due 2/1/2031	(1)	378,530
	Fannie Mae Pool	2.500%, $586,966 par, due 6/1/2031	(1)	611,506
	Fannie Mae Pool	2.500%, $571,060 par, due 6/1/2031	(1)	595,597
	Fannie Mae Pool	2.500%, $626,681 par, due 6/1/2031	(1)	653,145
	Fannie Mae Pool	2.500%, $681,600 par, due 6/1/2031	(1)	711,411
	Fannie Mae Pool	3.000%, $714,242 par, due 5/1/2031	(1)	751,331
	Fannie Mae Pool	2.500%, $798,822 par, due 9/1/2034	(1)	827,675
	Fannie Mae Pool	2.500%, $1,654,276 par, due 10/1/2034	(1)	1,720,159
	Fannie Mae Pool	2.500%, $1,237,280 par, due 10/1/2034	(1)	1,282,264
	Fannie Mae REMIC Trust 2005-W1	6.500%, $116,387 par, due 10/25/2044	(1)	135,541
	Fannie Mae REMICS	5.500%, $176,115 par, due 4/25/2035	(1)	200,970
	Fannie Mae Trust 2003-W6	6.500%, $65,745 par, due 9/25/2042	(1)	74,942
	Fannie Mae Trust 2003-W8	7.000%, $10,731 par, due 10/25/2042	(1)	12,203
	Fannie Mae Trust 2004-W2	7.000%, $62,705 par, due 2/25/2044	(1)	72,241
	Fannie Mae-Aces	2.263%, $82,183 par, due 2/25/2023	(1)	82,282
	Federal Realty Investment Trust	2.750%, $1,632,000 par, due 6/1/2023	(1)	1,664,506
	FedEx Corp	4.250%, $1,170,000 par, due 5/15/2030	(1)	1,331,693
	FedEx Corp	4.200%, $1,104,000 par, due 10/17/2028	(1)	1,248,394
	Fifth Third Bancorp	3.650%, $1,310,000 par, due 1/25/2024	(1)	1,372,576
	Fifth Third Bancorp	2.375%, $730,000 par, due 1/28/2025	(1)	749,683
	Fiserv Inc	3.800%, $1,630,000 par, due 10/1/2023	(1)	1,704,062
	Fiserv Inc	2.750%, $390,000 par, due 7/1/2024	(1)	403,462
	Fiserv Inc	3.200%, $570,000 par, due 7/1/2026	(1)	602,995
	Florida Gas Transmission Co LLC	4.350%, $1,780,000 par, due 7/15/2025	(1)	1,921,955
	FMC Corp	3.450%, $670,000 par, due 10/1/2029	(1)	714,044

44 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	FMC Corp	4.100%, $1,000,000 par, due 2/1/2024	(1)	$	1,048,415
	Ford Credit Auto Owner Trust	1.060%, $7,395,000 par, due 4/15/2033	(1)	7,247,847
	Ford Credit Auto Owner Trust 2017-REV2	2.360%, $2,617,000 par, due 3/15/2029	(1)	2,650,157
	Ford Credit Auto Owner Trust 2020-REV1	2.040%, $4,800,000 par, due 8/15/2031	(1)	4,887,562
	Ford Credit Auto Owner Trust 2021-REV1	1.370%, $3,705,000 par, due 10/17/2033	(1)	3,660,729
	Ford Motor Credit Co LLC	3.350%, $1,300,000 par, due 11/1/2022	(1)	1,316,250
	Fortune Brands Home & Security Inc	4.000%, $983,000 par, due 9/21/2023	(1)	1,029,930
	Freddie Mac Gold Pool	6.000%, $123,713 par, due 8/1/2038	(1)	143,558
	Freddie Mac Gold Pool	6.000%, $36,727 par, due 9/1/2038	(1)	42,616
	Freddie Mac Gold Pool	6.000%, $219,248 par, due 8/1/2038	(1)	254,415
	Freddie Mac Gold Pool	3.500%, $105,425 par, due 2/1/2043	(1)	113,376
	Freddie Mac Gold Pool	3.000%, $1,408,759 par, due 1/1/2043	(1)	1,489,027
	Freddie Mac Gold Pool	4.000%, $980,493 par, due 4/1/2046	(1)	1,071,845
	Freddie Mac Gold Pool	4.000%, $803,949 par, due 1/1/2047	(1)	879,102
	Freddie Mac Gold Pool	3.500%, $111,217 par, due 12/1/2025	(1)	117,140
	Freddie Mac Gold Pool	4.000%, $107,027 par, due 2/1/2026	(1)	112,631
	Freddie Mac Gold Pool	3.000%, $605,890 par, due 8/1/2027	(1)	635,305
	Freddie Mac Multifam Struct PT Cert	3.062%, $5,800,000 par, due 11/25/2023	(1)	5,988,871
	Freddie Mac Multifam Struct PT Cert	0.574%, $46,610 par, due 9/25/2023	(1)	46,670
	Freddie Mac Multifamily Structured PT Certificates	2.282%, $4,105,000 par, due 7/25/2026	(1)	4,252,267
	Freddie Mac Multifamily Structured PT Certificates	2.862%, $6,240,000 par, due 5/25/2026	(1)	6,601,234
	Freddie Mac Non Gold Pool	2.609%, $34,391 par, due 7/1/2034	(1)	35,141
	Freddie Mac Non Gold Pool	2.029%, $50,039 par, due 12/1/2036	(1)	50,678
	Freddie Mac Non Gold Pool	2.025%, $24,949 par, due 11/1/2040	(1)	26,212
	Freddie Mac Non Gold Pool	2.125%, $47,875 par, due 2/1/2042	(1)	50,258
	Freddie Mac Non Gold Pool	1.975%, $264,378 par, due 1/1/2044	(1)	275,177
	Freddie Mac Non Gold Pool	1.850%, $281,392 par, due 8/1/2044	(1)	291,584
	Freddie Mac Non Gold Pool	2.917%, $461,193 par, due 7/1/2047	(1)	478,411
	Freddie Mac Non Gold Pool	3.017%, $167,517 par, due 8/1/2047	(1)	174,135
	Freddie Mac Non Gold Pool	2.548%, $968,360 par, due 10/1/2047	(1)	997,903
	Freddie Mac Pool	2.500%, $7,618,293 par, due 12/1/2034	(1)	7,924,404
	Freddie Mac Pool	3.000%, $557,630 par, due 1/1/2035	(1)	587,162
	Freddie Mac Pool	3.000%, $669,074 par, due 1/1/2035	(1)	707,583
	Freddie Mac Pool	3.500%, $114,832 par, due 8/1/2049	(1)	121,103
	Freddie Mac Pool	2.500%, $1,894,351 par, due 12/1/2034	(1)	1,975,189
	Freddie Mac Pool	2.500%, $1,779,847 par, due 1/1/2035	(1)	1,854,723
	Freddie Mac Pool	2.500%, $5,345,627 par, due 1/1/2035	(1)	5,566,401
	Freddie Mac Pool	3.000%, $455,089 par, due 1/1/2035	(1)	478,866
	Freddie Mac Pool	3.000%, $3,759,138 par, due 1/1/2050	(1)	3,937,573
	Freddie Mac Pool	2.000%, $5,352,491 par, due 11/1/2050	(1)	5,358,742
	Freddie Mac Pool	3.000%, $3,761,328 par, due 11/1/2049	(1)	3,941,984
	Freddie Mac Pool	3.000%, $3,554,945 par, due 12/1/2049	(1)	3,727,701
	Freddie Struct PT Cert	7.000%, $518,455 par, due 7/25/2043	(1)	617,043
	General Dynamics Corp	3.500%, $160,000 par, due 5/15/2025	(1)	170,639
	General Dynamics Corp	3.250%, $1,400,000 par, due 4/1/2025	(1)	1,480,360
	General Mills Inc	2.600%, $955,000 par, due 10/12/2022	(1)	969,075
	General Mills Inc	2.875%, $895,000 par, due 4/15/2030	(1)	934,963
	General Mills Inc	3.700%, $550,000 par, due 10/17/2023	(1)	575,565
	General Motors Financial Co Inc	2.400%, $1,940,000 par, due 10/15/2028	(1)	1,936,312
	General Motors Financial Co Inc	3.550%, $1,260,000 par, due 7/8/2022	(1)	1,278,299
	Georgia-Pacific LLC	2.100%, $675,000 par, due 4/30/2027	(1)	683,766
	Georgia-Pacific LLC	3.734%, $1,725,000 par, due 7/15/2023	(1)	1,786,243
	Ginnie Mae II pool	2.000%, $74,348 par, due 3/20/2042	(1)	77,740
	Ginnie Mae II Pool	4.584%, $948,461 par, due 1/20/2067	(1)	1,026,008
	Ginnie Mae II Pool	4.385%, $1,036,770 par, due 12/20/2066	(1)	1,113,538
	Ginnie Mae II Pool	4.427%, $2,059,219 par, due 2/20/2067	(1)	2,197,357
	Ginnie Mae II Pool	4.564%, $2,255,151 par, due 1/20/2067	(1)	2,431,542
	Ginnie Mae II Pool	4.575%, $1,761,530 par, due 3/20/2065	(1)	1,863,713
	Ginnie Mae II pool	1.480%, $694,816 par, due 6/20/2058	(1)	706,256
	Ginnie Mae II pool	0.711%, $1,867,980 par, due 5/20/2058	(1)	1,887,001
	GlaxoSmithKline Capital Inc	3.625%, $700,000 par, due 5/15/2025	(1)	754,111
	GlaxoSmithKline Capital PLC	3.000%, $1,270,000 par, due 6/1/2024	(1)	1,328,969
	GM Financial Revolving Receivables Trust 2021-1	1.170%, $2,410,000 par, due 6/12/2034	(1)	2,369,567
	GNMA	0.981%, $1,374,320 par, due 12/20/2066	(1)	1,396,772
	GNMA	1.081%, $2,885,684 par, due 12/20/2066	(1)	2,939,560
	GNMA	0.731%, $777,221 par, due 10/20/2065	(1)	783,311
	Goldman Sachs Group Inc/The	1.948%, $3,170,000 par, due 10/21/2027	(1)	3,157,948
	Goldman Sachs Group Inc/The	3.625%, $1,513,000 par, due 2/20/2024	(1)	1,587,477

45 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Goldman Sachs Group Inc/The	3.272%, $1,405,000 par, due 9/29/2025	(1)	$	1,474,500
	Goldman Sachs Group Inc/The	3.850%, $1,670,000 par, due 1/26/2027	(1)	1,795,763
	Goldman Sachs Group Inc/The	3.500%, $630,000 par, due 1/23/2025	(1)	664,086
	Goldman Sachs Group Inc/The	1.542%, $2,410,000 par, due 9/10/2027	(1)	2,362,566
	Government National Mortgage Association	0.801%, $4,811,793 par, due 1/20/2069	(1)	4,898,492
	GS Mortgage Securities Trust 2013-GC16	4.271%, $2,004,000 par, due 11/10/2046	(1)	2,097,416
	GS Mortgage Securities Trust 2014-GC26	3.629%, $6,460,000 par, due 11/10/2047	(1)	6,801,753
	GSMS 2012-GCJ7 A4 9.2-Yr CMBS	3.377%, $288,513 par, due 5/10/2045	(1)	288,450
	Gulfstream Natural Gas System LLC	6.190%, $1,510,000 par, due 11/1/2025	(1)	1,738,806
	Halliburton Co	3.500%, $22,000 par, due 8/1/2023	(1)	22,715
	Halliburton Co	2.920%, $1,730,000 par, due 3/1/2030	(1)	1,781,424
	Halliburton Co	3.800%, $106,000 par, due 11/15/2025	(1)	114,003
	Healthpeak Properties Inc	3.500%, $580,000 par, due 7/15/2029	(1)	629,476
	Healthpeak Properties Inc	3.250%, $750,000 par, due 7/15/2026	(1)	796,796
	Healthpeak Properties Inc	2.875%, $1,470,000 par, due 1/15/2031	(1)	1,530,311
	Heineken NV	3.500%, $960,000 par, due 1/29/2028	(1)	1,034,505
	Helios Leasing I LLC	1.562%, $246,920 par, due 9/28/2024	(1)	249,098
	Hexcel Corp	4.200%, $1,230,000 par, due 2/15/2027	(1)	1,321,422
	HOUSTON TX UTILITY SYS REVENUE	3.973%, $685,000 par, due 11/15/2031	(1)	771,488
	HP Inc	1.450%, $1,090,000 par, due 6/17/2026	(1)	1,069,019
	HSBC Holdings PLC	3.262%, $1,530,000 par, due 3/13/2023	(1)	1,537,237
	HSBC Holdings PLC	4.292%, $2,280,000 par, due 9/12/2026	(1)	2,462,617
	HSBC Holdings PLC	3.803%, $2,187,000 par, due 3/11/2025	(1)	2,295,368
	HSBC Holdings PLC	2.013%, $2,200,000 par, due 9/22/2028	(1)	2,155,091
	HSBC Holdings PLC	4.583%, $400,000 par, due 6/19/2029	(1)	448,447
	HSBC Holdings PLC	2.871%, $1,970,000 par, due 11/22/2032	(1)	1,988,691
	Huntington National Bank/The	3.550%, $1,511,000 par, due 10/6/2023	(1)	1,577,221
	Ingredion Inc	3.200%, $600,000 par, due 10/1/2026	(1)	636,090
	Intel Corp	3.900%, $1,140,000 par, due 3/25/2030	(1)	1,295,962
	International Business Machines Corp	3.000%, $4,812,000 par, due 5/15/2024	(1)	5,027,563
	Interstate Power and Light Co	4.100%, $1,200,000 par, due 9/26/2028	(1)	1,332,031
	Interstate Power and Light Co	3.250%, $870,000 par, due 12/1/2024	(1)	913,477
	Jackson National Life Global Funding	2.650%, $1,470,000 par, due 6/21/2024	(1)	1,517,799
	JobsOhio Beverage System	2.833%, $610,000 par, due 1/1/2038	(1)	628,867
	John Deere Capital Corp	1.750%, $465,000 par, due 3/9/2027	(1)	468,468
	Johns Hopkins Health System Corp/The	2.420%, $1,935,000 par, due 1/1/2030	(1)	1,920,679
	JPMBB Commercial Mortgage Sec Trust 2014-C24	3.639%, $3,400,000 par, due 11/15/2047	(1)	3,580,513
	JPMBB Commercial Mortgage Sec Trust 2014-C26	3.494%, $2,245,000 par, due 1/15/2048	(1)	2,362,858
	JPMorgan Chase & Co	2.182%, $2,500,000 par, due 6/1/2028	(1)	2,522,075
	JPMorgan Chase & Co	2.069%, $660,000 par, due 6/1/2029	(1)	655,174
	JPMorgan Chase & Co	0.768%, $640,000 par, due 8/9/2025	(1)	629,988
	JPMorgan Chase & Co	4.452%, $1,370,000 par, due 12/5/2029	(1)	1,556,095
	JPMorgan Chase & Co	3.782%, $770,000 par, due 2/1/2028	(1)	834,060
	JPMorgan Chase & Co	4.203%, $810,000 par, due 7/23/2029	(1)	906,814
	JPMorgan Chase & Co	3.797%, $121,000 par, due 7/23/2024	(1)	126,115
	JPMorgan Chase & Co	3.960%, $890,000 par, due 1/29/2027	(1)	962,111
	JPMorgan Chase & Co	1.578%, $1,620,000 par, due 4/22/2027	(1)	1,601,778
	JPMorgan Chase & Co	3.559%, $1,240,000 par, due 4/23/2024	(1)	1,281,503
	JPMorgan Chase & Co	1.470%, $2,970,000 par, due 9/22/2027	(1)	2,913,009
	JPMorgan Chase & Co	2.301%, $1,010,000 par, due 10/15/2025	(1)	1,033,159
	JPMorgan Chase & Co	0.969%, $950,000 par, due 6/23/2025	(1)	940,937
	JPMorgan Chase Comml Mtg Sec Tr	4.166%, $770,000 par, due 12/15/2046	(1)	804,709
	JPMorgan Comm Mtg Sec Tr	3.483%, $192,147 par, due 6/15/2045	(1)	193,241
	JPMorgan Comm Mtg Sec Tr	3.143%, $2,455,951 par, due 12/15/2047	(1)	2,499,554
	Kellogg Co	3.400%, $690,000 par, due 11/15/2027	(1)	743,865
	Kentucky Higher Education Student Loan Corp	1.152%, $4,573,178 par, due 11/25/2050	(1)	4,626,410
	KeyBank NA/Cleveland OH	3.400%, $1,320,000 par, due 5/20/2026	(1)	1,407,152
	KeyCorp	2.250%, $840,000 par, due 4/6/2027	(1)	854,307
	Kimco Realty Corp	2.250%, $2,140,000 par, due 12/1/2031	(1)	2,087,733
	Kimco Realty Corp	2.700%, $330,000 par, due 3/1/2024	(1)	338,923
	Kinder Morgan Inc	1.750%, $1,610,000 par, due 11/15/2026	(1)	1,604,682
	King County Public Hospital District No 2	2.601%, $2,045,000 par, due 12/1/2034	(1)	2,081,851
	KLA Corp	4.100%, $1,330,000 par, due 3/15/2029	(1)	1,502,542
	Lake Central Multi-District School Building Corp	1.651%, $1,695,000 par, due 7/15/2028	(1)	1,679,931
	Lake Orion Community School District	2.434%, $2,250,000 par, due 5/1/2026	(1)	2,343,848
	Lam Research Corp	3.750%, $550,000 par, due 3/15/2026	(1)	599,000
	Lam Research Corp	4.000%, $270,000 par, due 3/15/2029	(1)	302,571
	Leland Stanford Junior University/The	1.289%, $975,000 par, due 6/1/2027	(1)	960,782

46 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Lennox International Inc	1.350%, $1,190,000 par, due 8/1/2025	(1)	$	1,175,202
	Lennox International Inc	1.700%, $490,000 par, due 8/1/2027	(1)	481,794
	Los Angeles Community College District/CA	1.606%, $1,500,000 par, due 8/1/2028	(1)	1,493,700
	Lowe's Cos Inc	1.700%, $1,300,000 par, due 9/15/2028	(1)	1,274,965
	M&T Bank Corp	0.805%, $560,000 par, due 7/26/2023	(1)	564,012
	Magellan Midstream Partners LP	5.000%, $1,005,000 par, due 3/1/2026	(1)	1,122,080
	Magellan Midstream Partners LP	3.250%, $1,108,000 par, due 6/1/2030	(1)	1,164,828
	Marathon Oil Corp	4.400%, $1,600,000 par, due 7/15/2027	(1)	1,753,701
	Marathon Petroleum Corp	4.700%, $1,470,000 par, due 5/1/2025	(1)	1,604,295
	Marsh & McLennan Cos Inc	3.300%, $1,020,000 par, due 3/14/2023	(1)	1,046,832
	Marsh & McLennan Cos Inc	4.375%, $1,320,000 par, due 3/15/2029	(1)	1,505,921
	Martin Marietta Materials Inc	2.500%, $670,000 par, due 3/15/2030	(1)	676,573
	Masco Corp	2.000%, $1,790,000 par, due 10/1/2030	(1)	1,720,233
	Massachusetts Institute of Technology	3.959%, $500,000 par, due 7/1/2038	(1)	608,316
	Massachusetts School Building Authority	1.753%, $1,750,000 par, due 8/15/2030	(1)	1,730,575
	Massachusetts Water Resources Authority	2.390%, $3,000,000 par, due 8/1/2033	(1)	3,038,130
	MassMutual Global Funding II	3.400%, $4,845,000 par, due 3/8/2026	(1)	5,178,913
	Maxim Integrated Products Inc	3.450%, $310,000 par, due 6/15/2027	(1)	334,403
	McCormick & Co Inc/MD	2.700%, $734,000 par, due 8/15/2022	(1)	741,603
	McCormick & Co Inc/MD	3.150%, $2,220,000 par, due 8/15/2024	(1)	2,318,242
	McCormick & Co Inc/MD	3.400%, $1,230,000 par, due 8/15/2027	(1)	1,323,805
	McDonald's Corp	1.450%, $990,000 par, due 9/1/2025	(1)	999,275
	McDonald's Corp	3.600%, $365,000 par, due 7/1/2030	(1)	403,746
	McDonald's Corp	3.500%, $780,000 par, due 7/1/2027	(1)	846,417
	MD Comm Dev Admin Housing Rev	3.500%, $220,000 par, due 9/1/2047	(1)	227,440
	Medtronic Inc	3.500%, $258,000 par, due 3/15/2025	(1)	274,796
	Merck & Co Inc	1.700%, $2,230,000 par, due 6/10/2027	(1)	2,244,787
	Merck & Co Inc	1.900%, $740,000 par, due 12/10/2028	(1)	743,692
	METLIFE SECURITIZATION TRUST 2019-1	3.750%, $938,145 par, due 4/25/2058	(1)	960,800
	Metropolitan Atlanta Rapid Transit Authority	2.561%, $3,445,000 par, due 7/1/2034	(1)	3,470,390
	Microchip Technology Inc	4.333%, $1,140,000 par, due 6/1/2023	(1)	1,188,370
	Mid-America Apartments LP	1.700%, $550,000 par, due 2/15/2031	(1)	525,823
	Mid-America Apartments LP	1.100%, $160,000 par, due 9/15/2026	(1)	154,745
	Mid-America Apartments LP	3.950%, $420,000 par, due 3/15/2029	(1)	469,271
	Mill City Mortgage Loan Trust 2017-1	2.750%, $44,150 par, due 11/25/2058	(1)	44,281
	Missouri Higher Education Loan Authority	0.672%, $1,703,206 par, due 8/25/2061	(1)	1,693,975
	Mitsubishi UFJ Financial Group Inc	2.193%, $1,600,000 par, due 2/25/2025	(1)	1,632,330
	Mitsubishi UFJ Financial Group Inc	1.538%, $2,180,000 par, due 7/20/2027	(1)	2,142,415
	Mitsubishi UFJ Financial Group Inc	1.640%, $1,440,000 par, due 10/13/2027	(1)	1,422,040
	MMAF Equipment Finance LLC 2017-A	2.680%, $2,036,491 par, due 7/16/2027	(1)	2,052,530
	MMAF Equipment Finance LLC 2017-B	2.410%, $979,617 par, due 11/15/2024	(1)	985,534
	MMAF Equipment Finance LLC 2018-A	3.390%, $1,203,344 par, due 1/10/2025	(1)	1,219,033
	MMAF Equipment Finance LLC 2019-A	2.930%, $1,805,000 par, due 3/10/2026	(1)	1,850,217
	MMAF Equipment Finance LLC 2019-B	2.010%, $4,090,000 par, due 12/12/2024	(1)	4,134,671
	MO State Higher Ed Std Asst	1.104%, $1,065,931 par, due 5/20/2030	(1)	1,068,886
	Mondelez International Holdings Netherlands BV	2.250%, $1,315,000 par, due 9/19/2024	(1)	1,344,727
	Mondelez International Holdings Netherlands BV	1.250%, $1,100,000 par, due 9/24/2026	(1)	1,072,537
	Monongahela Power Co	4.100%, $2,137,000 par, due 4/15/2024	(1)	2,248,447
	Morgan Stanley	2.720%, $540,000 par, due 7/22/2025	(1)	556,579
	Morgan Stanley	2.188%, $1,280,000 par, due 4/28/2026	(1)	1,305,659
	Morgan Stanley	1.593%, $710,000 par, due 5/4/2027	(1)	702,801
	Morgan Stanley	1.512%, $1,080,000 par, due 7/20/2027	(1)	1,063,590
	Morgan Stanley	1.164%, $1,310,000 par, due 10/21/2025	(1)	1,299,941
	Morgan Stanley	3.700%, $1,000,000 par, due 10/23/2024	(1)	1,065,180
	Morgan Stanley	3.950%, $600,000 par, due 4/23/2027	(1)	660,139
	Morgan Stanley	3.875%, $940,000 par, due 1/27/2026	(1)	1,016,957
	Morgan Stanley	3.625%, $2,465,000 par, due 1/20/2027	(1)	2,674,081
	Morgan Stanley	4.431%, $610,000 par, due 1/23/2030	(1)	695,718
	Morgan Stanley BAML Trust	3.176%, $2,240,727 par, due 8/15/2045	(1)	2,248,249
	Morgan Stanley BAML Trust	2.858%, $1,471,813 par, due 11/15/2045	(1)	1,480,790
	Morgan Stanley BAML Trust	3.102%, $2,170,000 par, due 5/15/2046	(1)	2,207,294
	Morgan Stanley BAML Trust 2014 C19	3.526%, $3,020,000 par, due 12/15/2047	(1)	3,170,067
	Morgan Stanley BAML Trust 2014-C15	4.051%, $1,155,000 par, due 4/15/2047	(1)	1,212,356
	MPLX LP	1.750%, $810,000 par, due 3/1/2026	(1)	802,273
	MPLX LP	4.000%, $490,000 par, due 3/15/2028	(1)	531,397
	MS State Higher Ed Asst Co	0.783%, $698,729 par, due 10/25/2035	(1)	700,399
	National Retail Properties Inc	4.300%, $650,000 par, due 10/15/2028	(1)	731,357
	National Retail Properties Inc	3.900%, $1,590,000 par, due 6/15/2024	(1)	1,679,129

47 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Navient Student Loan Trust 2016-6	0.853%, $195,112 par, due 3/25/2066	(1)	$	195,438
	Navient Student Loan Trust 2021-1	0.702%, $3,565,986 par, due 12/26/2069	(1)	3,568,022
	NC State Edu Asst Auth	0.603%, $546,198 par, due 12/26/2039	(1)	542,828
	Nelnet Student Loan Trust 2021-A	1.360%, $3,794,691 par, due 4/20/2062	(1)	3,728,621
	Nelnet Student Loan Trust 2021-C	1.320%, $1,099,775 par, due 4/20/2062	(1)	1,082,663
	Nelnet Student Loan Trust 2021-D	1.630%, $5,591,656 par, due 4/20/2062	(1)	5,555,288
	Nestle Holdings Inc	1.150%, $1,360,000 par, due 1/14/2027	(1)	1,327,805
	New York and Presbyterian Hospital/The	3.563%, $1,375,000 par, due 8/1/2036	(1)	1,525,222
	New York Hospital for Special Surgery	3.737%, $285,000 par, due 4/1/2028	(1)	309,637
	New York Life Global Funding	2.000%, $3,220,000 par, due 1/22/2025	(1)	3,287,791
	New York State Dormitory Authority	2.657%, $1,535,000 par, due 2/15/2028	(1)	1,585,317
	NextEra Energy Capital Holdings Inc	1.875%, $3,135,000 par, due 1/15/2027	(1)	3,153,594
	Norfolk Southern Corp	3.650%, $460,000 par, due 8/1/2025	(1)	491,900
	North Carolina Housing Finance Agency	2.870%, $355,000 par, due 7/1/2032	(1)	364,897
	North Dakota Public Finance Authority	2.580%, $2,630,000 par, due 12/1/2034	(1)	2,611,248
	North Texas Higher Education Authority Inc	0.672%, $3,100,000 par, due 9/25/2061	(1)	3,106,036
	North Texas Higher Education Authority Inc	0.672%, $3,570,000 par, due 10/25/2061	(1)	3,549,794
	Northern States Power Co/MN	2.600%, $1,965,000 par, due 5/15/2023	(1)	1,994,200
	Northern States Power Co/WI	3.300%, $1,100,000 par, due 6/15/2024	(1)	1,143,311
	Northrop Grumman Corp	4.400%, $465,000 par, due 5/1/2030	(1)	537,025
	Northrop Grumman Corp	2.930%, $580,000 par, due 1/15/2025	(1)	604,401
	Northrop Grumman Corp	3.250%, $1,865,000 par, due 1/15/2028	(1)	1,997,467
	Northstar Edu Fin Inc	0.803%, $163,985 par, due 12/26/2031	(1)	164,056
	NTT Finance Corp	1.162%, $1,960,000 par, due 4/3/2026	(1)	1,923,893
	Nutrien Ltd	2.950%, $540,000 par, due 5/13/2030	(1)	568,820
	NXP BV / NXP Funding LLC / NXP USA Inc	2.650%, $1,800,000 par, due 2/15/2032	(1)	1,807,567
	Occidental Petroleum Corp	3.200%, $1,140,000 par, due 8/15/2026	(1)	1,174,787
	OhioHealth Corp	2.297%, $1,410,000 par, due 11/15/2031	(1)	1,422,125
	Oncor Electric Delivery Co LLC	2.750%, $2,652,000 par, due 6/1/2024	(1)	2,749,432
	Oncor Electric Delivery Co LLC	2.750%, $1,160,000 par, due 5/15/2030	(1)	1,206,330
	Oracle Corp	2.650%, $1,300,000 par, due 7/15/2026	(1)	1,336,707
	Oracle Corp	2.950%, $2,220,000 par, due 11/15/2024	(1)	2,309,306
	Oracle Corp	2.950%, $2,465,000 par, due 4/1/2030	(1)	2,495,453
	Orlando Health Obligated Group	3.777%, $1,000,000 par, due 10/1/2028	(1)	1,091,256
	Orlando Health Obligated Group	2.291%, $1,250,000 par, due 10/1/2028	(1)	1,252,071
	Otis Worldwide Corp	2.056%, $1,625,000 par, due 4/5/2025	(1)	1,652,682
	PacifiCorp	3.600%, $1,385,000 par, due 4/1/2024	(1)	1,451,696
	PacifiCorp	2.700%, $475,000 par, due 9/15/2030	(1)	489,519
	PacifiCorp	3.500%, $1,426,000 par, due 6/15/2029	(1)	1,542,511
	Packaging Corp of America	3.400%, $1,100,000 par, due 12/15/2027	(1)	1,185,484
	Parker-Hannifin Corp	2.700%, $884,000 par, due 6/14/2024	(1)	913,460
	Parker-Hannifin Corp	3.300%, $1,600,000 par, due 11/21/2024	(1)	1,678,862
	Parker-Hannifin Corp	3.500%, $680,000 par, due 9/15/2022	(1)	694,032
	PepsiCo Inc	2.625%, $680,000 par, due 3/19/2027	(1)	712,439
	PerkinElmer Inc	1.900%, $1,420,000 par, due 9/15/2028	(1)	1,387,536
	Pernod Ricard International Finance LLC	1.250%, $860,000 par, due 4/1/2028	(1)	815,298
	Petroleos Mexicanos	2.000%, $352,500 par, due 12/20/2022	(1)	355,352
	Petroleos Mexicanos	1.950%, $110,000 par, due 12/20/2022	(1)	110,844
	Petroleos Mexicanos	2.378%, $700,000 par, due 4/15/2025	(1)	715,825
	Petroleos Mexicanos	2.290%, $243,750 par, due 2/15/2024	(1)	247,284
	PHEAA Student Loan Trust 2016-2	1.053%, $1,471,009 par, due 11/25/2065	(1)	1,467,461
	Phillips 66	3.900%, $1,210,000 par, due 3/15/2028	(1)	1,312,344
	Phillips 66	4.300%, $350,000 par, due 4/1/2022	(1)	353,143
	Pioneer Natural Resources Co	1.125%, $2,970,000 par, due 1/15/2026	(1)	2,885,913
	PNC Bank NA	4.050%, $1,030,000 par, due 7/26/2028	(1)	1,155,762
	PPG Industries Inc	2.400%, $1,050,000 par, due 8/15/2024	(1)	1,082,656
	PPG Industries Inc	2.550%, $1,330,000 par, due 6/15/2030	(1)	1,352,750
	Pricoa Global Funding I	1.200%, $630,000 par, due 9/1/2026	(1)	617,178
	Providence Health & Services Obligated Group	4.379%, $275,000 par, due 10/1/2023	(1)	290,132
	Providence St Joseph Health Obligated Group	2.746%, $1,242,000 par, due 10/1/2026	(1)	1,302,483
	Providence St Joseph Health Obligated Group	2.532%, $1,355,000 par, due 10/1/2029	(1)	1,399,093
	PSNH Funding LLC 3	3.506%, $900,000 par, due 8/1/2028	(1)	961,005
	Public Service Electric and Gas Co	1.900%, $1,760,000 par, due 8/15/2031	(1)	1,714,592
	Raytheon Technologies Corp	4.125%, $1,300,000 par, due 11/16/2028	(1)	1,455,276
	Raytheon Technologies Corp	3.700%, $1,635,000 par, due 12/15/2023	(1)	1,713,434
	Raytheon Technologies Corp	2.250%, $970,000 par, due 7/1/2030	(1)	968,269
	Reckitt Benckiser Treasury Services PLC	2.375%, $281,000 par, due 6/24/2022	(1)	283,104
	Reckitt Benckiser Treasury Services PLC	2.750%, $1,680,000 par, due 6/26/2024	(1)	1,736,221

48 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Regions Financial Corp	1.800%, $1,570,000 par, due 8/12/2028	(1)	$	1,537,170
	RELX Capital Inc	3.000%, $220,000 par, due 5/22/2030	(1)	230,868
	RELX Capital Inc	3.500%, $740,000 par, due 3/16/2023	(1)	761,777
	RELX Capital Inc	4.000%, $480,000 par, due 3/18/2029	(1)	532,832
	RI State Std Ln Authority	0.765%, $2,000,475 par, due 9/1/2036	(1)	1,991,353
	Roche Holdings Inc	1.930%, $3,755,000 par, due 12/13/2028	(1)	3,772,626
	Rochester Gas and Electric Corp	3.100%, $2,070,000 par, due 6/1/2027	(1)	2,186,301
	Rogers Communications Inc	3.625%, $775,000 par, due 12/15/2025	(1)	824,337
	Rolls-Royce PLC	3.625%, $780,000 par, due 10/14/2025	(1)	791,700
	Roper Technologies Inc	3.850%, $750,000 par, due 12/15/2025	(1)	808,628
	Roper Technologies Inc	3.800%, $500,000 par, due 12/15/2026	(1)	548,034
	Roper Technologies Inc	1.000%, $430,000 par, due 9/15/2025	(1)	420,317
	Royal Bank of Canada	3.700%, $3,731,000 par, due 10/5/2023	(1)	3,913,304
	Ryder System Inc	3.650%, $1,703,000 par, due 3/18/2024	(1)	1,791,321
	Ryder System Inc	1.750%, $830,000 par, due 9/1/2026	(1)	824,477
	Sabine Pass Liquefaction LLC	4.500%, $890,000 par, due 5/15/2030	(1)	1,004,868
	San Diego Community College District	2.383%, $1,000,000 par, due 8/1/2033	(1)	1,000,950
	San Diego Community College District	2.807%, $3,020,000 par, due 8/1/2032	(1)	3,153,484
	San Jose Evergreen Community College District	2.440%, $1,100,000 par, due 8/1/2029	(1)	1,155,913
	San Jose Redevelopment Agency Successor Agency	3.375%, $1,530,000 par, due 8/1/2034	(1)	1,606,500
	San Ramon Valley Unified School District/CA	1.794%, $2,790,000 par, due 8/1/2029	(1)	2,776,775
	SBA Small Business Investment Cos	2.518%, $3,263,081 par, due 9/10/2027	(1)	3,375,429
	SBA Small Business Investment Cos	2.829%, $1,172,463 par, due 9/10/2025	(1)	1,199,824
	SBA Small Business Investment Cos	1.667%, $2,751,977 par, due 3/10/2031	(1)	2,768,285
	SBA Small Business Investment Cos	1.304%, $4,800,000 par, due 9/10/2031	(1)	4,775,990
	SBA Small Business Investment Cos	2.078%, $4,234,081 par, due 3/10/2030	(1)	4,285,876
	SBA Small Business Investment Cos	3.113%, $4,236,248 par, due 3/10/2029	(1)	4,438,503
	SBA Small Business Investment Cos	2.845%, $4,902,882 par, due 3/10/2027	(1)	5,054,406
	SBA Small Business Investment Cos	2.283%, $3,450,125 par, due 9/10/2029	(1)	3,503,889
	SBA Small Business Investment Cos	3.191%, $260,955 par, due 3/10/2024	(1)	264,379
	SBA Small Business Investment Cos	2.517%, $1,778,434 par, due 3/10/2025	(1)	1,805,019
	SBA Small Business Investment Cos	3.015%, $170,109 par, due 9/10/2024	(1)	170,952
	SBA Small Business Investment Cos	2.507%, $1,393,905 par, due 3/10/2026	(1)	1,417,269
	SBA Small Business Investment Cos	3.548%, $3,721,814 par, due 9/10/2028	(1)	3,939,130
	SC State Std Ln Corp	1.268%, $637,507 par, due 10/27/2036	(1)	644,309
	SC State Std Ln Corp	0.603%, $156,931 par, due 1/25/2041	(1)	156,015
	SC State Std Ln Corp	0.849%, $982,844 par, due 5/1/2030	(1)	984,763
	Schlumberger Finance Canada Ltd	2.650%, $620,000 par, due 11/20/2022	(1)	630,004
	Sealed Air Corp	1.573%, $750,000 par, due 10/15/2026	(1)	727,624
	Seasoned Credit Risk Transfer Trust Series 2018-3	3.500%, $3,438,329 par, due 8/25/2057	(1)	3,567,150
	Seasoned Credit Risk Transfer Trust Series 2019-1	4.000%, $1,561,698 par, due 7/25/2058	(1)	1,662,727
	Seasoned Credit Risk Transfer Trust Series 2019-2	4.000%, $1,848,847 par, due 8/25/2058	(1)	1,963,661
	Seasoned Credit Risk Transfer Trust Series 2020-2	2.000%, $5,004,212 par, due 11/25/2059	(1)	4,998,932
	Seasoned Credit Risk Transfer Trust Series 2020-3	2.500%, $4,626,874 par, due 5/25/2060	(1)	4,662,852
	Shell International Finance BV	2.750%, $1,110,000 par, due 4/6/2030	(1)	1,160,547
	Shell International Finance BV	3.250%, $395,000 par, due 5/11/2025	(1)	420,556
	Sherwin-Williams Co/The	2.300%, $700,000 par, due 5/15/2030	(1)	698,783
	Sherwin-Williams Co/The	3.300%, $911,000 par, due 2/1/2025	(1)	951,570
	Sherwin-Williams Co/The	2.950%, $500,000 par, due 8/15/2029	(1)	526,479
	Sherwin-Williams Co/The	2.750%, $27,000 par, due 6/1/2022	(1)	27,186
	Sherwin-Williams Co/The	3.450%, $860,000 par, due 6/1/2027	(1)	930,994
	Siemens Financieringsmaatschappij NV	1.200%, $880,000 par, due 3/11/2026	(1)	866,081
	Simon Property Group LP	2.000%, $1,620,000 par, due 9/13/2024	(1)	1,649,129
	Simon Property Group LP	3.375%, $1,000,000 par, due 10/1/2024	(1)	1,052,061
	SLM Student Loan Trust 2003-10	0.873%, $3,850,000 par, due 12/17/2068	(1)	3,860,595
	SMALL BUSINESS ADMINISTRATION	2.130%, $467,677 par, due 1/1/2033	(1)	473,049
	Solano County Community College District	1.641%, $2,370,000 par, due 8/1/2029	(1)	2,329,971
	Solano County Community College District	1.479%, $890,000 par, due 8/1/2028	(1)	875,680
	Southern California Edison Co	2.400%, $570,000 par, due 2/1/2022	(1)	570,846
	Stanford Health Care	3.310%, $560,000 par, due 8/15/2030	(1)	602,303
	Stanley Black & Decker Inc	3.400%, $1,630,000 par, due 3/1/2026	(1)	1,738,685
	Starbucks Corp	2.000%, $715,000 par, due 3/12/2027	(1)	723,683
	State of Hawaii	1.518%, $1,000,000 par, due 10/1/2028	(1)	985,910
	State of Hawaii	2.422%, $855,000 par, due 10/1/2034	(1)	870,698
	State of Hawaii	1.710%, $3,175,000 par, due 8/1/2028	(1)	3,171,253
	State of Texas	2.704%, $2,410,000 par, due 4/1/2031	(1)	2,571,494
	State of Texas	4.631%, $1,250,000 par, due 4/1/2033	(1)	1,526,737
	State of Utah	4.554%, $155,000 par, due 7/1/2024	(1)	163,234

49 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	State of Utah	3.539%, $2,410,000 par, due 7/1/2025	(1)	$	2,519,028
	State of Wisconsin	2.501%, $2,000,000 par, due 5/1/2032	(1)	2,120,920
	State of Wisconsin	2.002%, $1,580,000 par, due 5/1/2034	(1)	1,566,586
	State Street Corp	2.653%, $2,470,000 par, due 5/15/2023	(1)	2,487,964
	State Street Corp	3.776%, $567,000 par, due 12/3/2024	(1)	597,000
	State Street Corp	1.684%, $2,310,000 par, due 11/18/2027	(1)	2,314,678
	Student Loan Corp	0.924%, $511,531 par, due 4/25/2037	(1)	510,697
	Student Loan Corp	0.802%, $429,088 par, due 7/25/2036	(1)	428,035
	Sumitomo Mitsui Financial Group Inc	1.902%, $1,780,000 par, due 9/17/2028	(1)	1,746,541
	Sumitomo Mitsui Financial Group Inc	2.348%, $3,180,000 par, due 1/15/2025	(1)	3,259,656
	Tayarra Ltd	3.628%, $25,787 par, due 2/15/2022	(1)	25,872
	Texas A&M University	3.256%, $750,000 par, due 5/15/2029	(1)	805,320
	Texas A&M University	3.477%, $1,000,000 par, due 5/15/2031	(1)	1,095,160
	Texas Transportation Commission	1.533%, $1,000,000 par, due 10/1/2029	(1)	978,160
	Texas Transportation Commission State Highway Fund	5.178%, $1,200,000 par, due 4/1/2030	(1)	1,440,588
	Thermo Fisher Scientific Inc	1.215%, $2,720,000 par, due 10/18/2024	(1)	2,717,443
	Thermo Fisher Scientific Inc	1.750%, $650,000 par, due 10/15/2028	(1)	646,340
	T-Mobile USA Inc	2.400%, $1,110,000 par, due 3/15/2029	(1)	1,121,739
	Toronto-Dominion Bank/The	0.750%, $1,260,000 par, due 9/11/2025	(1)	1,226,866
	Toronto-Dominion Bank/The	3.250%, $1,908,000 par, due 3/11/2024	(1)	1,994,200
	TotalEnergies Capital International SA	2.434%, $250,000 par, due 1/10/2025	(1)	257,735
	TotalEnergies Capital International SA	3.700%, $793,000 par, due 1/15/2024	(1)	833,675
	Towd Point Mortgage Trust 2015-6	3.500%, $4,873 par, due 4/25/2055	(1)	4,869
	Towd Point Mortgage Trust 2016-3	2.250%, $53,299 par, due 4/25/2056	(1)	53,312
	Towd Point Mortgage Trust 2016-4	2.250%, $24,880 par, due 7/25/2056	(1)	24,963
	Towd Point Mortgage Trust 2017-1	2.750%, $574,696 par, due 10/25/2056	(1)	579,650
	Towd Point Mortgage Trust 2017-5	0.692%, $63,641 par, due 2/25/2057	(1)	63,608
	Towd Point Mortgage Trust 2017-6	2.750%, $80,391 par, due 10/25/2057	(1)	81,382
	Towd Point Mortgage Trust 2019-4	2.900%, $4,261,184 par, due 10/25/2059	(1)	4,343,165
	Towd Point Mortgage Trust 2019-HY1	1.102%, $1,015,293 par, due 10/25/2048	(1)	1,019,360
	Towd Point Mortgage Trust 2019-HY2	1.102%, $937,264 par, due 5/25/2058	(1)	940,782
	Town of Andover MA	2.323%, $1,000,000 par, due 11/1/2033	(1)	1,006,310
	Toyota Auto Loan Extended Note Trust 2019-1	2.560%, $3,255,000 par, due 11/25/2031	(1)	3,361,504
	Toyota Auto Loan Extended Note Trust 2020-1	1.350%, $3,875,000 par, due 5/25/2033	(1)	3,865,270
	Toyota Auto Loan Extended Note Trust 2021-1	1.070%, $5,980,000 par, due 2/27/2034	(1)	5,867,343
	Toyota Motor Credit Corp	1.125%, $520,000 par, due 6/18/2026	(1)	512,399
	Trane Technologies Global Holding Co Ltd	3.750%, $1,330,000 par, due 8/21/2028	(1)	1,453,888
	Trane Technologies Luxembourg Finance SA	3.500%, $1,310,000 par, due 3/21/2026	(1)	1,389,873
	Transcontinental Gas Pipe Line Co LLC	3.250%, $1,205,000 par, due 5/15/2030	(1)	1,271,350
	Trinity Health	3.084%, $2,235,000 par, due 12/1/2034	(1)	2,391,294
	Truist Bank	3.200%, $1,935,000 par, due 4/1/2024	(1)	2,025,837
	Truist Financial Corp	4.000%, $390,000 par, due 5/1/2025	(1)	420,985
	TSMC Arizona Corp	1.750%, $1,100,000 par, due 10/25/2026	(1)	1,101,153
	TSMC Global Ltd	1.250%, $1,450,000 par, due 4/23/2026	(1)	1,421,154
	TSMC Global Ltd	1.000%, $1,370,000 par, due 9/28/2027	(1)	1,294,143
	UBS Commercial Mortgage Trust 2012-C1	3.400%, $8,648 par, due 5/10/2045	(1)	8,640
	UBS Group AG	1.494%, $1,500,000 par, due 8/10/2027	(1)	1,464,145
	UBS Group AG	2.859%, $340,000 par, due 8/15/2023	(1)	344,089
	UBS Group AG	1.364%, $2,000,000 par, due 1/30/2027	(1)	1,955,866
	UBS-Barclays Commercial Mortgage Trust 2012-C4	2.850%, $4,770,000 par, due 12/10/2045	(1)	4,804,902
	UDR Inc	3.500%, $1,380,000 par, due 1/15/2028	(1)	1,480,280
	Unilever Capital Corp	3.250%, $720,000 par, due 3/7/2024	(1)	753,849
	Union Electric Co	2.950%, $1,460,000 par, due 3/15/2030	(1)	1,535,605
	Union Electric Co	2.950%, $850,000 par, due 6/15/2027	(1)	894,644
	Union Pacific Corp	3.500%, $457,000 par, due 6/8/2023	(1)	472,740
	Union Pacific Corp	3.750%, $2,160,000 par, due 7/15/2025	(1)	2,334,249
	Union Pacific Corp	2.950%, $481,000 par, due 1/15/2023	(1)	489,404
	United States Small Business Administration	3.210%, $657,115 par, due 3/1/2034	(1)	687,434
	United States Small Business Administration	5.540%, $52,989 par, due 9/1/2026	(1)	55,396
	United States Small Business Administration	5.600%, $248,734 par, due 9/1/2028	(1)	267,744
	United States Small Business Administration	3.230%, $696,055 par, due 2/1/2034	(1)	728,259
	United States Small Business Administration	5.630%, $292,552 par, due 10/1/2028	(1)	316,883
	United States Small Business Administration	3.370%, $1,673,421 par, due 10/1/2033	(1)	1,767,785
	United States Small Business Administration	2.840%, $2,284,018 par, due 4/1/2037	(1)	2,391,363
	United States Small Business Administration	2.850%, $1,906,947 par, due 10/1/2037	(1)	1,990,976
	United States Small Business Administration	5.510%, $171,353 par, due 11/1/2027	(1)	184,702
	United States Small Business Administration	5.310%, $146,645 par, due 5/1/2027	(1)	156,763
	United States Small Business Administration	6.770%, $83,901 par, due 11/1/2028	(1)	92,564

50 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	United States Small Business Administration	5.680%, $90,444 par, due 6/1/2028	(1)	$	97,888
	United States Small Business Administration	2.980%, $1,074,496 par, due 6/1/2035	(1)	1,122,145
	United States Small Business Administration	2.810%, $457,697 par, due 12/1/2036	(1)	483,118
	United States Small Business Administration	2.810%, $2,512,673 par, due 6/1/2037	(1)	2,631,731
	United States Small Business Administration	2.780%, $2,235,477 par, due 12/1/2037	(1)	2,361,312
	United States Small Business Administration	5.720%, $840,119 par, due 1/1/2029	(1)	905,915
	United States Small Business Administration	3.150%, $1,073,538 par, due 7/1/2033	(1)	1,123,368
	United States Small Business Administration	2.800%, $1,284,327 par, due 1/1/2037	(1)	1,352,330
	United States Small Business Administration	2.980%, $1,067,138 par, due 7/1/2037	(1)	1,134,032
	United States Small Business Administration	2.880%, $751,577 par, due 7/1/2035	(1)	782,657
	United States Treasury Note/Bond	1.375%, $7,550,000 par, due 11/15/2031	(1)	7,463,885
	United States Treasury Note/Bond	0.875%, $29,600,000 par, due 6/30/2026	(1)	29,146,765
	United States Treasury Note/Bond	2.125%, $2,250,000 par, due 5/31/2026	(1)	2,338,243
	United States Treasury Note/Bond	2.875%, $2,000,000 par, due 11/30/2025	(1)	2,132,656
	United States Treasury Note/Bond	0.750%, $7,300,000 par, due 5/31/2026	(1)	7,154,000
	United States Treasury Note/Bond	1.250%, $16,000,000 par, due 5/31/2028	(1)	15,855,008
	United States Treasury Note/Bond	1.250%, $4,625,000 par, due 8/15/2031	(1)	4,527,440
	United States Treasury Note/Bond	3.000%, $2,000,000 par, due 10/31/2025	(1)	2,139,844
	United States Treasury Note/Bond	2.375%, $2,000,000 par, due 4/30/2026	(1)	2,098,516
	United States Treasury Note/Bond	0.250%, $29,950,000 par, due 10/31/2025	(1)	28,959,074
	United States Treasury Note/Bond	0.750%, $7,075,000 par, due 4/30/2026	(1)	6,938,474
	United States Treasury Note/Bond	1.250%, $14,000,000 par, due 4/30/2028	(1)	13,884,066
	United States Treasury Note/Bond	3.125%, $6,500,000 par, due 11/15/2028	(1)	7,230,743
	United States Treasury Note/Bond	0.625%, $27,529,000 par, due 5/15/2030	(1)	25,766,511
	United States Treasury Note/Bond	0.875%, $1,039,000 par, due 11/15/2030	(1)	988,917
	United States Treasury Note/Bond	0.250%, $7,425,000 par, due 9/30/2025	(1)	7,192,969
	United States Treasury Note/Bond	0.750%, $21,817,000 par, due 3/31/2026	(1)	21,413,887
	United States Treasury Note/Bond	0.625%, $11,700,000 par, due 7/31/2026	(1)	11,383,281
	United States Treasury Note/Bond	2.875%, $8,000,000 par, due 7/31/2025	(1)	8,504,688
	United States Treasury Note/Bond	0.375%, $14,975,000 par, due 1/31/2026	(1)	14,494,168
	United States Treasury Note/Bond	2.625%, $16,000,000 par, due 2/15/2029	(1)	17,311,872
	United States Treasury Note/Bond	1.500%, $35,100,000 par, due 2/15/2030	(1)	35,315,268
	United States Treasury Note/Bond	0.625%, $16,320,000 par, due 8/15/2030	(1)	15,236,254
	UnitedHealth Group Inc	3.500%, $1,310,000 par, due 2/15/2024	(1)	1,380,796
	University of California	3.349%, $1,170,000 par, due 7/1/2029	(1)	1,285,444
	University of Colorado	2.447%, $965,000 par, due 6/1/2026	(1)	1,006,910
	University of North Carolina at Chapel Hill	3.327%, $500,000 par, due 12/1/2036	(1)	554,085
	UNIVERSITY OF PENNSYLVANIA	2.942%, $1,500,000 par, due 8/15/2039	(1)	1,560,360
	US Bancorp	2.400%, $980,000 par, due 7/30/2024	(1)	1,012,707
	US Bank NA/Cincinnati OH	2.050%, $820,000 par, due 1/21/2025	(1)	838,957
	US Bank NA/Cincinnati OH	2.800%, $540,000 par, due 1/27/2025	(1)	564,175
	USAA Capital Corp	2.125%, $190,000 par, due 5/1/2030	(1)	190,160
	Ventas Realty LP	4.400%, $1,370,000 par, due 1/15/2029	(1)	1,556,049
	Ventas Realty LP	3.500%, $721,000 par, due 2/1/2025	(1)	760,293
	Ventas Realty LP	2.650%, $200,000 par, due 1/15/2025	(1)	206,111
	Verizon Communications Inc	2.625%, $530,000 par, due 8/15/2026	(1)	552,080
	Verizon Communications Inc	2.100%, $2,390,000 par, due 3/22/2028	(1)	2,396,486
	Verizon Communications Inc	4.125%, $460,000 par, due 3/16/2027	(1)	511,312
	Verizon Communications Inc	2.355%, $1,603,000 par, due 3/15/2032	(1)	1,581,425
	Verizon Owner Trust 2018-A	3.230%, $11,796 par, due 4/20/2023	(1)	11,815
	Verizon Owner Trust 2019-A	2.930%, $718,637 par, due 9/20/2023	(1)	722,573
	Verizon Owner Trust 2019-C	1.940%, $5,808,832 par, due 4/22/2024	(1)	5,848,634
	Verizon Owner Trust 2020-C	0.410%, $4,820,000 par, due 4/21/2025	(1)	4,797,953
	Vermont Std Asst Corp	0.803%, $1,606,349 par, due 7/28/2034	(1)	1,599,747
	Virginia Housing Development Authority	3.100%, $361,579 par, due 6/25/2041	(1)	365,130
	Vodafone Group PLC	4.125%, $880,000 par, due 5/30/2025	(1)	951,216
	Volkswagen Group of America Finance LLC	3.350%, $700,000 par, due 5/13/2025	(1)	736,778
	Volkswagen Group of America Finance LLC	2.850%, $590,000 par, due 9/26/2024	(1)	610,212
	Walt Disney Co/The	3.800%, $1,385,000 par, due 3/22/2030	(1)	1,555,140
	Washington & Multnomah Counties School Dist No 48J	1.407%, $2,355,000 par, due 6/15/2027	(1)	2,340,093
	WEC Energy Group Inc	2.200%, $665,000 par, due 12/15/2028	(1)	664,530
	WEC Energy Group Inc	3.550%, $386,000 par, due 6/15/2025	(1)	408,876
*	Wells Fargo Commercial Mortgage Trust 2013-LC12	4.218%, $743,000 par, due 7/15/2046	(1)	769,368
	Welltower Inc	3.625%, $308,000 par, due 3/15/2024	(1)	323,977
	Welltower Inc	4.125%, $2,191,000 par, due 3/15/2029	(1)	2,452,154
	Welltower Inc	2.050%, $550,000 par, due 1/15/2029	(1)	541,782
	West Haymarket Joint Public Agency	5.400%, $1,250,000 par, due 12/15/2030	(1)	1,531,362
	WFRBS Commercial Mortgage Trust 2013-C11	3.071%, $3,562,078 par, due 3/15/2045	(1)	3,610,971

51 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
			Description of investment, including
			maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value		Cost	Current value
		WFRBS Commercial Mortgage Trust 2013-C12	3.198%, $2,585,047 par, due 3/15/2048		(1)	$	2,625,043
		WFRBS Commercial Mortgage Trust 2013-C17	4.023%, $468,000 par, due 12/15/2046		(1)	487,339
		WFRBS Commercial Mortgage Trust 2013-UBS1	4.079%, $1,130,330 par, due 3/15/2046		(1)	1,178,785
		WFRBS Commercial Mortgage Trust 2014-C20	3.995%, $3,274,000 par, due 5/15/2047		(1)	3,429,875
		Wisconsin Electric Power Co	2.050%, $1,920,000 par, due 12/15/2024		(1)	1,965,030
		WISCONSIN ST GEN FUND APPROP	2.096%, $1,480,000 par, due 5/1/2026		(1)	1,515,816
		WRKCo Inc	4.650%, $330,000 par, due 3/15/2026		(1)	368,130
		WRKCo Inc	3.000%, $1,260,000 par, due 9/15/2024		(1)	1,313,794
		WRKCo Inc	3.900%, $920,000 par, due 6/1/2028		(1)	1,008,010
		Xcel Energy Inc	1.750%, $465,000 par, due 3/15/2027		(1)	461,110
		Yale University	1.482%, $1,465,000 par, due 4/15/2030		(1)	1,431,324
		BlackRock Treasury Trust Fund	41,359,466 shares		(1)	41,359,466
						1,474,202,983
			Accrued income receivable			6,548,176
			Payable for securities purchased on a forward
				commitment basis		(37,021,829)
			Receivable for securities sold on a forward
				commitment basis		10,201,667
			Receivables for investment payments due			108,981
				Total		1,454,039,978

	American General Life Ins. Co.		1.72%		(1)	—
	Massachsetts Mutual Life Ins. Co.		1.89%		(1)	—
	Nationwide Life Ins. Co.		1.95%		(1)	—
	Pacific Life Ins. Co.		2.05%		(1)	—
	Prudential Ins. Co. of America		2.11%		(1)	—
	Royal Bank of Canada		1.79%		(1)	—
	State Street Bank and TrustCo.		1.95%		(1)	—
	Transamerica Premier Life Ins. Co.		1.98%		(1)	—
	Voya Ins. and Annuity Co.		1.76%		(1)	—
		3M Co	2.650%, $230,000 par, due 4/15/2025		(1)	240,157
		AbbVie Inc	2.950%, $785,000 par, due 11/21/2026		(1)	827,649
		AbbVie Inc	3.200%, $1,285,000 par, due 11/21/2029		(1)	1,375,194
		AerCap Ireland Capital DAC	1.650%, $1,090,000 par, due 10/29/2024		(1)	1,088,256
		Ally Auto Rec	1.840%, $82,651 par, due 11/15/2022		(1)	83,063
		Altria Group Inc	2.350%, $525,000 par, due 5/6/2025		(1)	537,542
		Amazon.com Inc	1.650%, $1,065,000 par, due 5/12/2028		(1)	1,067,375
		American Electric Power Co Inc	1.000%, $570,000 par, due 11/1/2025		(1)	557,608
		American Honda Finance Corp	2.000%, $650,000 par, due 3/24/2028		(1)	656,962
		American International Group Inc	3.900%, $440,000 par, due 4/1/2026		(1)	477,105
		American Tower Corp	1.875%, $1,125,000 par, due 10/15/2030		(1)	1,064,273
		Amgen Inc	2.200%, $1,065,000 par, due 2/21/2027		(1)	1,090,784
		Anheuser-Busch InBev SA/NV	3.650%, $725,000 par, due 2/1/2026		(1)	778,766
		Anthem Inc	2.375%, $310,000 par, due 1/15/2025		(1)	319,750
		Anthem Inc	2.375%, $310,000 par, due 1/15/2025		(1)	1,410,858
		Apple Inc	1.400%, $305,000 par, due 8/5/2028		(1)	298,830
		AT&T Inc	1.650%, $845,000 par, due 2/1/2028		(1)	827,779
		AT&T Inc	4.350%, $885,000 par, due 3/1/2029		(1)	994,917
		AvalonBay Communities Inc	2.450%, $890,000 par, due 1/15/2031		(1)	913,176
		Bank of America Corp	2.087%, $1,195,000 par, due 6/14/2029		(1)	1,187,615
		Bank of America Corp	3.194%, $265,000 par, due 7/23/2030		(1)	279,723
		Bank of America Corp	3.419%, $2,750,000 par, due 12/20/2028		(1)	2,938,155
		Bank of America Corp	3.974%, $1,060,000 par, due 2/7/2030		(1)	1,168,618
		Bank of America Corp	4.000%, $245,000 par, due 1/22/2025		(1)	261,738
		Bank of America Corp	4.450%, $735,000 par, due 3/3/2026		(1)	809,603
		BAT Capital Corp	2.259%, $1,250,000 par, due 3/25/2028		(1)	1,219,038
		Berkshire Hathaway Energy Co	3.700%, $1,305,000 par, due 7/15/2030		(1)	1,442,625
		Berkshire Hathaway Energy Co	4.050%, $640,000 par, due 4/15/2025		(1)	692,698
		BMW US Capital LLC	3.800%, $550,000 par, due 4/6/2023		(1)	570,328
		Boeing Co/The	2.700%, $480,000 par, due 2/1/2027		(1)	488,352
		Boeing Co/The	4.508%, $790,000 par, due 5/1/2023		(1)	825,187
		Boston Gas Co	3.001%, $365,000 par, due 8/1/2029		(1)	372,380
		Boston Properties LP	3.400%, $1,105,000 par, due 6/21/2029		(1)	1,173,875
		BP Capital Markets America Inc	3.194%, $825,000 par, due 4/6/2025		(1)	869,847
		Brazos Ed Loans	2.060%, $465,000 par, due 3/25/2034		(1)	465,660
		Bristol-Myers Squibb Co	3.200%, $560,000 par, due 6/15/2026		(1)	602,465
		Chevron Corp	1.995%, $390,000 par, due 5/11/2027		(1)	396,092
		Chevron USA Inc	1.018%, $505,000 par, due 8/12/2027		(1)	486,638
		Citibank CC Issuance Trust	0.879%, $1,820,000 par, due 5/14/2027		(1)	1,843,660

52 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Citigroup Inc	3.142%, $1,410,000 par, due 1/24/2023	(1)	$	1,411,777
	Citigroup Inc	3.200%, $1,135,000 par, due 10/21/2026	(1)	1,203,418
	Citigroup Inc	3.352%, $680,000 par, due 4/24/2025	(1)	710,144
	Citigroup Inc	3.700%, $690,000 par, due 1/12/2026	(1)	746,449
	Citigroup Inc	4.412%, $625,000 par, due 3/31/2031	(1)	714,475
	Citigroup Inc	4.600%, $1,205,000 par, due 3/9/2026	(1)	1,329,477
	Comcast Corp	1.500%, $1,595,000 par, due 2/15/2031	(1)	1,507,323
	Comcast Corp	3.300%, $510,000 par, due 4/1/2027	(1)	548,495
	Comcast Corp	3.950%, $990,000 par, due 10/15/2025	(1)	1,081,288
	Credit Suisse Group AG	4.207%, $1,035,000 par, due 6/12/2024	(1)	1,076,980
	CVS Health Corp	3.625%, $1,225,000 par, due 4/1/2027	(1)	1,330,056
	CVS Health Corp	3.750%, $450,000 par, due 4/1/2030	(1)	493,830
	CVS Health Corp	4.300%, $215,000 par, due 3/25/2028	(1)	241,445
	CVS Health Corp	4.780%, $245,000 par, due 3/25/2038	(1)	299,434
	Daimler Finance North America LLC	2.700%, $1,215,000 par, due 6/14/2024	(1)	1,255,970
	Dow Chemical Co/The	3.625%, $615,000 par, due 5/15/2026	(1)	662,878
	DTE Energy Co	2.529%, $590,000 par, due 10/1/2024	(1)	607,376
	Duke Energy Florida LLC	1.750%, $1,330,000 par, due 6/15/2030	(1)	1,277,771
	Duke Energy Florida LLC	3.200%, $475,000 par, due 1/15/2027	(1)	505,628
	Duke Energy Ohio Inc	2.125%, $285,000 par, due 6/1/2030	(1)	280,694
	DuPont de Nemours Inc	4.493%, $1,255,000 par, due 11/15/2025	(1)	1,387,340
	Emerson Electric Co	2.000%, $1,315,000 par, due 12/21/2028	(1)	1,313,764
	Equinix Inc	1.550%, $980,000 par, due 3/15/2028	(1)	943,397
	Equinor ASA	2.875%, $1,865,000 par, due 4/6/2025	(1)	1,947,116
	Equinor ASA	3.000%, $1,040,000 par, due 4/6/2027	(1)	1,097,730
	Equinor ASA	3.700%, $50,000 par, due 3/1/2024	(1)	52,741
	ERP Operating LP	3.000%, $490,000 par, due 7/1/2029	(1)	519,238
	Eversource Energy	2.750%, $1,110,000 par, due 3/15/2022	(1)	1,112,986
	Exelon Corp	3.950%, $1,050,000 par, due 6/15/2025	(1)	1,122,209
	Exxon Mobil Corp	2.992%, $2,430,000 par, due 3/19/2025	(1)	2,554,732
	FHLMC	4.000%, $105,423 par, due 7/1/2049	(1)	112,346
	FHLMC	4.000%, $30,560 par, due 5/1/2049	(1)	32,567
	FHLMC	5.000%, $64,478 par, due 6/1/2049	(1)	70,192
	Fifth Third Bancorp	1.707%, $1,330,000 par, due 11/1/2027	(1)	1,314,426
	Firstkey Homes Trust	1.266%, $1,929,496 par, due 11/1/2025	(1)	1,881,644
	Firstkey Homes Trust	1.538%, $774,308 par, due 8/1/2026	(1)	755,423
	Florida Power & Light Co	2.850%, $510,000 par, due 4/1/2025	(1)	532,766
	FNMA	3.790%, $255,000 par, due 12/1/2023	(1)	266,256
	FNMA	5.000%, $40,118 par, due 3/1/2049	(1)	43,973
	Fox Corp	3.500%, $235,000 par, due 4/8/2030	(1)	253,149
	Freddie Mac Coupon Strips	0.000%, $205,000 par, due 7/15/2031	(1)	172,280
	Goldman Sachs Group Inc/The	1.542%, $1,845,000 par, due 9/10/2027	(1)	1,808,672
	Goldman Sachs Group Inc/The	2.650%, $885,000 par, due 10/21/2032	(1)	891,584
	Goldman Sachs Group Inc/The	2.905%, $2,200,000 par, due 7/24/2023	(1)	2,224,816
	Goldman Sachs Group Inc/The	3.691%, $140,000 par, due 6/5/2028	(1)	150,856
	Goldman Sachs Group Inc/The	3.750%, $945,000 par, due 2/25/2026	(1)	1,018,162
	Guardian Life Global Funding	0.875%, $1,070,000 par, due 12/10/2025	(1)	1,042,501
	Guardian Life Global Funding	1.100%, $375,000 par, due 6/23/2025	(1)	371,580
	HSBC Holdings PLC	1.645%, $2,320,000 par, due 4/18/2026	(1)	2,301,718
	HSBC Holdings PLC	4.300%, $200,000 par, due 3/8/2026	(1)	219,260
	HSBC Holdings PLC	4.583%, $755,000 par, due 6/19/2029	(1)	846,438
	HSBC Holdings PLC	4.950%, $260,000 par, due 3/31/2030	(1)	305,373
	JPMorgan Chase & Co	1.470%, $1,350,000 par, due 9/22/2027	(1)	1,324,093
	JPMorgan Chase & Co	1.578%, $875,000 par, due 4/22/2027	(1)	865,156
	JPMorgan Chase & Co	2.005%, $925,000 par, due 3/13/2026	(1)	936,285
	JPMorgan Chase & Co	2.956%, $490,000 par, due 5/13/2031	(1)	507,846
	JPMorgan Chase & Co	3.900%, $1,680,000 par, due 7/15/2025	(1)	1,818,600
	JPMorgan Chase & Co	4.452%, $850,000 par, due 12/5/2029	(1)	965,456
	Keurig Dr Pepper Inc	4.417%, $750,000 par, due 5/25/2025	(1)	816,300
	KeyCorp	2.250%, $1,390,000 par, due 4/6/2027	(1)	1,413,672
	Kimberly-Clark Corp	3.100%, $230,000 par, due 3/26/2030	(1)	248,064
	Kinder Morgan Inc	4.300%, $920,000 par, due 6/1/2025	(1)	994,575
	Lowe's Cos Inc	1.300%, $805,000 par, due 4/15/2028	(1)	772,116
	Lowe's Cos Inc	4.500%, $1,055,000 par, due 4/15/2030	(1)	1,225,794
	Mastercard Inc	3.300%, $510,000 par, due 3/26/2027	(1)	551,458
	McDonald's Corp	2.625%, $575,000 par, due 9/1/2029	(1)	593,670
	McDonald's Corp	3.500%, $1,205,000 par, due 7/1/2027	(1)	1,307,606
	McDonald's Corp	3.600%, $575,000 par, due 7/1/2030	(1)	636,036

53 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
		Description of investment, including
		maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	Cost	Current value
	Merck & Co Inc	1.450%, $1,375,000 par, due 6/24/2030	(1)	$	1,318,034
	Metropolitan Life Global Funding I	0.950%, $620,000 par, due 7/2/2025	(1)	611,463
	Mondelez International Inc	2.750%, $315,000 par, due 4/13/2030	(1)	324,929
	Morgan Stanley	2.720%, $720,000 par, due 7/22/2025	(1)	742,104
	Morgan Stanley	3.125%, $1,210,000 par, due 7/27/2026	(1)	1,282,491
	Morgan Stanley	3.125%, $630,000 par, due 1/23/2023	(1)	645,989
	Morgan Stanley	3.622%, $2,350,000 par, due 4/1/2031	(1)	2,563,286
	Morgan Stanley	3.875%, $260,000 par, due 4/29/2024	(1)	275,673
	Morgan Stanley	4.431%, $590,000 par, due 1/23/2030	(1)	672,907
	Navient Student Loans	0.840%, $107,354 par, due 5/15/2028	(1)	105,879
	Navient Student Loans	1.220%, $795,127 par, due 7/15/2024	(1)	790,587
	Navient Student Loans	1.310%, $416,032 par, due 9/25/2033	(1)	399,865
	Navient Student Loans	1.580%, $890,000 par, due 8/15/2028	(1)	886,849
	Navient Student Loans	1.690%, $175,751 par, due 10/15/2027	(1)	175,942
	Navient Student Loans	3.130%, $519,673 par, due 11/15/2023	(1)	528,481
	Navient Student Loans	3.190%, $146,723 par, due 10/15/2022	(1)	147,938
	Navient Student Loans	3.390%, $338,832 par, due 3/15/2026	(1)	349,173
	Navient Student Loans	4.000%, $217,673 par, due 7/15/2026	(1)	226,023
	New York Life Global Funding	2.900%, $1,670,000 par, due 1/17/2024	(1)	1,730,938
	NIKE Inc	2.750%, $305,000 par, due 3/27/2027	(1)	323,318
	Northwestern Mutual Global Funding	0.800%, $595,000 par, due 1/14/2026	(1)	578,138
	NVIDIA Corp	2.850%, $1,015,000 par, due 4/1/2030	(1)	1,079,138
	Oracle Corp	2.950%, $230,000 par, due 11/15/2024	(1)	239,251
	Otis Worldwide Corp	2.056%, $975,000 par, due 4/5/2025	(1)	991,604
	PayPal Holdings Inc	1.650%, $2,220,000 par, due 6/1/2025	(1)	2,248,083
	Pfizer Inc	2.625%, $610,000 par, due 4/1/2030	(1)	643,391
	Philip Morris International Inc	2.875%, $1,500,000 par, due 5/1/2024	(1)	1,559,715
	Phillips 66	1.300%, $340,000 par, due 2/15/2026	(1)	332,782
	Private Export Funding Corp	0.550%, $670,000 par, due 7/30/2024	(1)	661,457
	Prologis LP	2.125%, $520,000 par, due 4/15/2027	(1)	528,840
	Public Service Enterprise Group Inc	1.600%, $830,000 par, due 8/15/2030	(1)	770,207
	Public Service Enterprise Group Inc	2.650%, $745,000 par, due 11/15/2022	(1)	755,534
	Reckitt Benckiser Treasury Services PLC	2.750%, $1,605,000 par, due 6/26/2024	(1)	1,658,703
	Republic Services Inc	1.450%, $1,270,000 par, due 2/15/2031	(1)	1,182,332
	Resolution Funding Corp Interest Strip	0.000%, $705,000 par, due 1/15/2030	(1)	615,282
	Resolution Funding Corp Principal Strip	0.000%, $920,000 par, due 4/15/2030	(1)	796,205
	Roper Technologies Inc	1.000%, $340,000 par, due 9/15/2025	(1)	332,343
	Santander DR Auto Rec	0.280%, $286,851 par, due 7/15/2022	(1)	286,799
	Schlumberger Finance Canada Ltd	1.400%, $300,000 par, due 9/17/2025	(1)	299,025
	Siemens Financieringsmaatschappij NV	1.200%, $900,000 par, due 3/11/2026	(1)	885,762
	Southern California Edison Co	0.700%, $540,000 par, due 8/1/2023	(1)	536,706
	Southern Co/The	1.750%, $540,000 par, due 3/15/2028	(1)	526,063
	Southern Co/The	2.950%, $920,000 par, due 7/1/2023	(1)	942,236
	Southwestern Electric Power Co	1.650%, $335,000 par, due 3/15/2026	(1)	332,434
	T-Mobile USA Inc	2.400%, $520,000 par, due 3/15/2029	(1)	525,496
	TransCanada PipeLines Ltd	4.625%, $75,000 par, due 3/1/2034	(1)	88,162
	TSMC Arizona Corp	1.750%, $1,220,000 par, due 10/25/2026	(1)	1,221,269
	TSMC Global Ltd	1.375%, $1,515,000 par, due 9/28/2030	(1)	1,406,783
	Union Pacific Corp	3.950%, $400,000 par, due 9/10/2028	(1)	448,720

54 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2021
					Description of investment, including
					maturity date, rate of interest,
Identity of issuer, borrower, lessor, or similar party					collateral, par, or maturing value		Cost	Current value
				United Parcel Service Inc	3.900%, $975,000 par, due 4/1/2025		(1)	$	1,052,561
				United States Treasury Note/Bond	0.750%, $49,180,000 par, due 12/31/2023		(1)	49,197,213
				United States Treasury Note/Bond	1.000%, $33,695,000 par, due 12/15/2024		(1)	33,739,814
				United States Treasury Note/Bond	1.250%, $34,510,000 par, due 12/31/2026		(1)	34,496,541
				United States Treasury Note/Bond	1.375%, $6,475,000 par, due 10/31/2028		(1)	6,453,762
				United States Treasury Note/Bond	1.375%, $67,860,000 par, due 12/31/2028		(1)	67,616,383
				United States Treasury Note/Bond	1.750%, $10,130,000 par, due 8/15/2041		(1)	9,853,046
				United States Treasury Note/Bond	2.000%, $630,000 par, due 8/15/2051		(1)	645,359
				United States Treasury Note/Bond	2.000%, $900,000 par, due 11/15/2041		(1)	913,221
				US 10YR NOTE CBT	6.000%, $8,500,000 par, due 3/31/2022		(1)	48,609
				US 10YR Ultra	6.000%, $9,600,000) par, due 3/31/2022		(1)	(188,023)
				US Long Bond	6.000%, $5,700,000) par, due 3/31/2022		(1)	(11,578)
				US Ultra Bond	6.000%, $2,400,000) par, due 3/31/2022		(1)	(45,278)
				USAA Capital Corp	2.125%, $275,000 par, due 5/1/2030		(1)	275,228
				Verizon Communications Inc	1.750%, $1,820,000 par, due 1/20/2031		(1)	1,724,505
				Verizon Communications Inc	2.355%, $725,000 par, due 3/15/2032		(1)	715,241
				Verizon Communications Inc	4.500%, $675,000 par, due 8/10/2033		(1)	794,576
				Viatris Inc	2.300%, $135,000 par, due 6/22/2027		(1)	135,875
				Viatris Inc	2.700%, $180,000 par, due 6/22/2030		(1)	180,821
				Volkswagen Group of America Finance LLC	0.875%, $840,000 par, due 11/22/2023		(1)	834,481
				Volkswagen Group of America Finance LLC	2.900%, $1,145,000 par, due 5/13/2022		(1)	1,154,332
				Walmart Inc	1.500%, $510,000 par, due 9/22/2028		(1)	507,302
				Walt Disney Co/The	3.350%, $1,380,000 par, due 3/24/2025		(1)	1,468,292
				WEC Energy Group Inc	0.800%, $660,000 par, due 3/15/2024		(1)	653,341
				Westlake Auto Rec	0.320%, $364,573 par, due 7/15/2023		(1)	363,140
				Wisconsin Electric Power Co	1.700%, $240,000 par, due 6/15/2028		(1)	235,291
				BlackRock Treasury Trust Fund	17,887,209 shares		(1)	17,887,209
								360,908,804
					Accrued income receivable			1,172,342
					Payable for daily variation margin on
						futures contracts		(89,750)
					Payable for securities purchased on a forward
						commitment basis		(36,517,189)
					Receivable for securities sold on a forward
						commitment basis		36,414,139
					Payable for investment payments due			(4,032,188)
						Total		357,856,158
					Total underlying securities of
						security-backed contracts		4,757,166,750
		Collective Investment Fund
*			Wells Fargo/BlackRock Short Term Investment Fund S		212,268,459 units		(1)	212,268,459
								212,268,459
								4,969,435,209

*	Wells Fargo – ESOP Fund
		Wells Fargo & Company common stock - allocated			Common stock fund		8,257,537,060	9,603,776,147
		Wells Fargo ESOP – unallocated			Convertible preferred stock		646,272,223	699,820,363
								10,303,596,510
								$	56,412,890,485
*	Represents a party-in-interest.
(1)	Cost information not required as investments are participant directed.
See accompanying report of independent registered public accounting firm.

EXHIBITS

Exhibit No.

Description

Location

Consent of Independent Registered Public Accounting Firm

Filed herewith.

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 and Recognition

Wells Fargo & Company

June 24, 2022

Grafico Azioni Wells Fargo (NYSE:WFC-L)
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