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

OR

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

For the transition period from ___________ to ____________.

Commission file number 001-02979
_______________________________________

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


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

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

Report of Independent Registered Public Accounting Firm

Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 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
            20212020
Assets:    
  Investments at fair value:    
Allocated$50,216,693,009 41,997,295,666 
Unallocated702,202,258 1,054,953,698 
Investments at fair value50,918,895,267 43,052,249,364 
Investments at contract value4,670,206,905 4,655,744,112 
Total investments55,589,102,172 47,707,993,476 
  Notes receivable from participants778,816,136 834,307,016 
  Employer match contribution receivable 240,175,579 
  Accrued income4,914 70,604 
        Total assets56,367,923,222 48,782,546,675 
Liabilities:  
  ESOP notes payable – unallocated646,272,255 874,843,759 
  Excess contributions and earnings payable3,363 12,027 
        Total liabilities646,275,618 874,855,786 
        Net assets available for benefits$55,721,647,604 47,907,690,889 
See accompanying notes to financial statements.    
3


WELLS FARGO & COMPANY 401(k) PLAN
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2021
2021
Additions to net assets attributed to:
Investment income:
Net appreciation in fair value of investments$9,119,541,696 
Dividends655,533,792 
Interest87,219,822 
Total investment income9,862,295,310 
Contributions:
Employer1,023,052,807 
Participants1,844,312,544 
Rollovers195,119,666 
Total contributions3,062,485,017 
Interest income from notes receivable from participants51,085,797 
Other income5,611,764 
Total additions to plan assets12,981,477,888 
Deductions to net assets attributed to:
Benefits paid to participants5,150,728,467 
ESOP interest expense15,905,711 
Administrative expense886,995 
Total deductions from plan assets5,167,521,173 
Net increase7,813,956,715 
Net assets available for benefits:
Beginning of year47,907,690,889 
End of year$55,721,647,604 
See accompanying notes to financial statements.


4


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
(c)        Participant Accounts
Each participant’s Plan account is credited with the participant’s salary deferral contributions, any rollover contributions, the Company’s matching contributions, base contributions, and any discretionary contributions, which are subject to investment gains and losses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested Plan account.
(d)        ESOP Plan Notes Payable
As an ESOP, the Plan may borrow money from the Company or directly from outside lenders for the purpose of purchasing the Company’s common 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.
(c)        Fair Value Definition and Hierarchy
Investments are reported at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on an exit price notion that maximizes the use of observable inputs and minimizes the use of unobservable inputs.
The Plan classifies its assets and liabilities measured at fair value based upon a three-level hierarchy that assigns the highest priority to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs. The three levels are as follows:
Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets.
Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model‑based valuation techniques, for which all significant assumptions are observable in the market.
Level 3 – Valuation is generated from model‑based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models, market comparable pricing, option models and similar techniques.
    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.
    12    (Continued)


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.
    13    (Continued)


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.
    14    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
20212020
ESOPESOP
UnallocatedUnallocated
Assets:
Company convertible preferred stock$699,820,363 989,631,427 
Money market funds 25,292,257 
Total investments699,820,363 1,014,923,684 
Accrued income566 4,175 
Total assets699,820,929 1,014,927,859 
Liabilities:
Notes payable646,272,255 874,843,759 
Total liabilities646,272,255 874,843,759 
Net assets available for benefits$53,548,674 140,084,100 
Company convertible preferred shares:
Number of shares609,434 822,242 
Cost$646,272,223 874,843,715 
2021
ESOP
Unallocated
Employer matching contributions$152,883,666 
Net depreciation(77,003,212)
Dividend income66,297,684 
Notes payable interest expense(15,905,711)
Conversion of preferred stock(228,571,492)
Debt principal payments228,571,492 
Release of common stock - 4,435,345 shares(212,807,853)
Decrease in net assets(86,535,426)
Net assets:
Beginning of year140,084,100 
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 1Level 2Level 3Total
Collective investment funds$ 26,017,676,784  26,017,676,784 
Mutual funds971,000,822   971,000,822 
Multi-manager funds:
Collective investment funds 9,899,698,954  9,899,698,954 
Mutual funds3,514,653,738   3,514,653,738 
Total multi-
manager funds3,514,653,738 9,899,698,954  13,414,352,692 
Stable Value Fund
Collective investment funds 212,268,459  212,268,459 
Company common stock9,603,776,147   9,603,776,147 
Company convertible preferred
stock  699,820,363 699,820,363 
Total investments
at fair value$14,089,430,707 36,129,644,197 699,820,363 50,918,895,267 
    17    (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Notes to Financial Statements
December 31, 2021
December 31, 2020
Level 1Level 2Level 3Total
Collective investment funds$— 23,196,528,648 — 23,196,528,648 
Mutual funds937,947,632 — — 937,947,632 
Multi-manager funds:
Collective investment funds— 7,578,276,349 — 7,578,276,349 
Mutual funds3,903,618,759 — — 3,903,618,759 
Total multi-
manager funds3,903,618,759 7,578,276,349 — 11,481,895,108 
Stable Value Fund
Collective investment funds— 222,618,539 — 222,618,539 
Company common stock6,077,601,259 — — 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 valueValuationunobservableRange ofWeighted
Level 3techniquesinputsinputsaverage (1)
December 31, 2021:
Convertible preferred stock$699,820,363 DiscountedDiscount
cash flowrate2.55%-3.36%3.14 %
December 31, 2020:
Convertible preferred stock$989,631,427 DiscountedDiscount
cash flowrate1.90%-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:
20212020
2.30% 2012 ESOP Convertible Preferred Stock Note, due
December 2021$ 22,573,596 
1.30% 2013 ESOP Convertible Preferred Stock Note, due
December 202228,523,120 67,523,320 
1.50% 2014 ESOP Convertible Preferred Stock Note, due
December 202367,975,380 107,975,439 
1.48% 2015 ESOP Convertible Preferred Stock Note, due
December 202474,153,845 101,153,919 
1.70% 2016 ESOP Convertible Preferred Stock Note, due
December 2025139,420,680 176,420,700 
1.90% 2017 ESOP Convertible Preferred Stock Note, due
December 2026139,594,455 168,595,930 
2.25% 2018 ESOP Convertible Preferred Stock Note, due
December 2027196,604,775 230,600,855 
$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 
2023195,785,463 
2024147,094,500 
2025127,421,400 
202684,335,850 
Thereafter58,287,900 
$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 contracts86,959,845 
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, 202186,959,845 
Deemed loan distributions(41,987,668)
Net income per the Form 5500$7,858,928,892 
25


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 partycollateral, par, or maturing valueCostCurrent value
*Participant loansParticipant loans,
interest rates ranging from 3.25% to
11.50%, maturing at various dates
through December 30, 2041$736,828,468 
State Street Cons Target Ret 2015 NL PCollective Investment Fund(1)128,299,694 
State Street Cons Target Ret 2020 NL PCollective Investment Fund(1)458,066,467 
State Street Cons Target Ret 2025 NL PCollective Investment Fund(1)1,369,870,246 
State Street Cons Target Ret 2030 NL PCollective Investment Fund(1)1,305,409,891 
State Street Cons Target Ret 2035 NL PCollective Investment Fund(1)1,085,451,541 
State Street Cons Target Ret 2040 NL PCollective Investment Fund(1)1,256,485,495 
State Street Cons Target Ret 2045 NL PCollective Investment Fund(1)868,362,532 
State Street Cons Target Ret 2050 NL PCollective Investment Fund(1)1,306,156,574 
State Street Cons Target Ret 2055 NL PCollective Investment Fund(1)509,069,882 
State Street Cons Target Ret 2060 NL PCollective Investment Fund(1)203,556,810 
State Street Cons Target Ret 2065 NL PCollective Investment Fund(1)28,531,489 
State Street Cons Target Ret Income NL PCollective Investment Fund(1)179,703,903 
State Street International Index MCollective Investment Fund(1)786,226,400 
State Street Russell Sm Cap Index NL CL KCollective Investment Fund(1)1,092,169,294 
State Street S&P Mid Cap Index NL CL MCollective Investment Fund(1)2,628,276,813 
State Street NASDAQ 100 Index NL CL MCollective Investment Fund(1)4,425,235,305 
State Street S&P 500 Index K NLCollective Investment Fund(1)6,655,689,497 
State Street U.S. Bond Index NL MCollective Investment Fund(1)1,731,114,951 
26,017,676,784 
BlackRock Liquidity Treasury InstMutual Fund(1)971,000,822
971,000,822
Large Cap Value FundMulti-Manager Fund
Dodge & Cox StockMutual Fund(1)1,180,526,020 
T Rowe Price Equity Income TR FCommon Collective Fund(1)1,146,087,637 
MFS Large Cap Value CL 5Common Collective Fund(1)1,146,082,916 
3,472,696,573 
Large Cap Growth FundMulti-Manager Fund
Los Angeles Capital Large Cap Growth ACommon Collective Fund(1)854,191,482 
T Rowe Price Blue Chip Growth Trust T7Common Collective Fund(1)854,233,275 
Brown Advisory Sustainable GrowthCommon Collective Fund(1)854,210,573 
Jennison Large Cap GrowthCommon Collective Fund(1)854,226,368 
Jackson Square Large Cap Growth ISMutual Fund(1)853,915,678 
4,270,777,376 
 Small Cap FundMulti-Manager Fund
*Wells Fargo Emerging Growth E4Common Collective Fund(1)331,597,049 
Peregrine Small Cap ValueCommon Collective Fund(1)331,589,705 
State Street Russell Sm Cap Index NL CL KCommon Collective Fund(1)683,282,048 
Wellington Select Small Cap GrowthCommon Collective Fund(1)331,591,433 
Wellington Small Cap ValueCommon Collective Fund(1)331,924,428 
2,009,984,663 
International Equity FundMulti-Manager Fund
Causeway International Value Equity FCommon Collective Fund(1)405,598,076 
Sprucegrove International FCommon Collective Fund(1)405,595,493 
American EuroPacific Growth R6Mutual Fund(1)811,204,431 
1,622,398,000 
Emerging Markets Equity FundMulti-Manager Fund
Acadian Emerging Markets Equity ACommon Collective Fund(1)294,591,436 
Lazard Emerging Markets Equity CCommon Collective Fund(1)210,423,749 
Baillie Gifford Emerging Markets EQS KMutual Fund(1)210,424,793 
DFA Emerging Markets Small CapMutual Fund(1)126,253,587 
841,693,565 
Diversified Real Asset FundMulti-Manager Fund
Principal Diversified Real Asset IICommon Collective Fund(1)108,150,680 
State Street Real Asset NL Series ACommon Collective Fund(1)36,058,967 
144,209,647 
Global Bond FundMulti-Manager Fund
Federated Total Return Bond ISMutual Fund(1)66,386,200 
Franklin Global Opportunities Bond ISMutual Fund(1)132,784,513 
PIMCO Global Advantage Strategy BDMutual 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 partycollateral, par, or maturing valueCostCurrent value
State Street Emerging Mkts Index ACommon Collective Fund(1)$190,678,355 
190,678,355 
BlackRock MSCI ACWI ESG Focus Index FCommon 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 America2.11%(1)— 
Royal Bank of Canada1.79%(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 C212,151,573 units(1)370,630,256 
Total370,630,256 
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 America2.11%(1)— 
Royal Bank of Canada1.79%(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 Q230,195,458 units(1)371,847,943 
Total371,847,943 
Metropolitan Life Ins. Co.1.71%(1)— 
Separate account 771(1)364,712,212 
Separate account 690(1)290,727,769 
Total655,439,981 
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 America2.11%(1)— 
Royal Bank of Canada1.79%(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 Co2.650%, $225,000 par, due 4/15/2025 (1)234,938 
7-Eleven Inc0.625%, $430,000 par, due 2/10/2023 (1)428,401 
7-Eleven Inc0.800%, $1,070,000 par, due 2/10/2024 (1)1,057,959 
Abay Leasing 2014 LLC2.654%, $1,587,500 par, due 11/9/2026 (1)1,642,004 
AbbVie Inc2.300%, $3,680,000 par, due 11/21/2022 (1)3,731,689 
Access Group Inc 2013-10.602%, $906,608 par, due 2/25/2036 (1)893,143 
AEP Texas Inc2.400%, $153,000 par, due 10/1/2022 (1)154,841 
Alabama Federal Aid Highway Finance Authority0.449%, $3,215,000 par, due 9/1/2023 (1)3,195,131 
Alexandria Real Estate Equities Inc3.450%, $2,000,000 par, due 4/30/2025 (1)2,122,770 
Alliant Energy Finance LLC3.750%, $166,000 par, due 6/15/2023 (1)171,959 
Ally Auto Receivables Trust 2019-12.910%, $392,546 par, due 9/15/2023 (1)394,784 
Ally Auto Receivables Trust 2019-31.930%, $737,478 par, due 5/15/2024 (1)741,688 
Ameren Illinois Co2.700%, $620,000 par, due 9/1/2022 (1)625,696 
Ameren Illinois Co3.250%, $2,505,000 par, due 3/1/2025 (1)2,628,574 
American Express Co3.400%, $355,000 par, due 2/27/2023 (1)365,272 
American Express Co3.700%, $970,000 par, due 8/3/2023 (1)1,011,457 
American Express Co3.400%, $360,000 par, due 2/22/2024 (1)377,591 
American Express Co2.750%, $850,000 par, due 5/20/2022 (1)855,928 
American Honda Finance Corp3.450%, $274,000 par, due 7/14/2023 (1)285,218 
American Honda Finance Corp2.050%, $2,110,000 par, due 1/10/2023 (1)2,141,211 
American Honda Finance Corp0.750%, $2,620,000 par, due 8/9/2024 (1)2,590,989 
American Honda Finance Corp2.200%, $2,232,000 par, due 6/27/2022 (1)2,251,505 
AmeriCredit Automobile Receivables Trust0.370%, $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 partycollateral, par, or maturing valueCostCurrent value
AmeriCredit Automobile Receivables Trust 2019-32.060%, $799,690 par, due 4/18/2024 (1)$802,266 
AmeriCredit Automobile Receivables Trust 2021-30.760%, $1,850,000 par, due 8/18/2026 (1)1,839,622 
Amphenol Corp3.200%, $58,000 par, due 4/1/2024 (1)60,304 
Amphenol Corp2.050%, $1,295,000 par, due 3/1/2025 (1)1,319,854 
Analog Devices Inc2.950%, $225,000 par, due 4/1/2025 (1)236,369 
Anglo American Capital PLC3.625%, $1,200,000 par, due 9/11/2024 (1)1,259,893 
Ann Arbor School District2.016%, $3,500,000 par, due 5/1/2023 (1)3,553,305 
ARI Fleet Lease Trust 2018-B3.220%, $185,644 par, due 8/16/2027 (1)185,904 
ARI Fleet Lease Trust 2019-A2.410%, $409,903 par, due 11/15/2027 (1)411,355 
ARI Fleet Lease Trust 2021-A0.370%, $3,585,000 par, due 3/15/2030 (1)3,567,817 
Astrazeneca Finance LLC0.700%, $1,460,000 par, due 5/28/2024 (1)1,448,654 
AT&T Inc1.381%, $1,680,000 par, due 6/12/2024 (1)1,701,292 
AT&T Inc2.300%, $560,000 par, due 6/1/2027 (1)570,088 
AT&T Inc1.650%, $1,400,000 par, due 2/1/2028 (1)1,371,481 
AT&T Inc0.900%, $1,980,000 par, due 3/25/2024 (1)1,971,405 
Atmos Energy Corp0.625%, $1,600,000 par, due 3/9/2023 (1)1,593,978 
BA Credit Card Trust0.340%, $2,630,000 par, due 5/15/2026 (1)2,595,323 
BAE Systems Holdings Inc3.850%, $700,000 par, due 12/15/2025 (1)750,609 
BAE Systems Holdings Inc3.800%, $1,850,000 par, due 10/7/2024 (1)1,965,000 
Baker Hughes a GE Co LLC2.773%, $1,312,000 par, due 12/15/2022 (1)1,338,058 
BAKER HUGHES LLC/CO-OBL1.231%, $1,275,000 par, due 12/15/2023 (1)1,280,954 
Bank of America Corp3.124%, $1,162,000 par, due 1/20/2023 (1)1,163,307 
Bank of America Corp1.084%, $960,000 par, due 7/23/2024 (1)968,079 
Bank of America Corp3.004%, $2,629,000 par, due 12/20/2023 (1)2,683,499 
Bank of America Corp3.864%, $567,000 par, due 7/23/2024 (1)590,789 
Bank of America Corp3.458%, $1,400,000 par, due 3/15/2025 (1)1,464,387 
Bank of America Corp0.810%, $3,500,000 par, due 10/24/2024 (1)3,477,050 
Bank of America Corp0.976%, $1,810,000 par, due 4/22/2025 (1)1,795,819 
Bank of America Corp1.530%, $5,900,000 par, due 12/6/2025 (1)5,914,101 
Bank of Montreal0.625%, $2,980,000 par, due 7/9/2024 (1)2,940,053 
Bank of Montreal3.300%, $749,000 par, due 2/5/2024 (1)783,809 
Bank of Montreal1.250%, $920,000 par, due 9/15/2026 (1)900,864 
Bank of Montreal2.500%, $1,952,000 par, due 1/11/2022 (1)1,952,876 
Bank of New York Mellon Corp/The2.661%, $370,000 par, due 5/16/2023 (1)372,781 
Bank of Nova Scotia/The1.300%, $1,090,000 par, due 9/15/2026 (1)1,068,906 
Bank of Nova Scotia/The0.400%, $680,000 par, due 9/15/2023 (1)674,689 
Bank of Nova Scotia/The0.650%, $2,460,000 par, due 7/31/2024 (1)2,429,629 
Bank of Nova Scotia/The3.400%, $391,000 par, due 2/11/2024 (1)410,311 
Bank of Nova Scotia/The1.950%, $860,000 par, due 2/1/2023 (1)870,016 
Baxter International Inc1.322%, $4,080,000 par, due 11/29/2024 (1)4,075,222 
Bayer US Finance II LLC1.213%, $860,000 par, due 12/15/2023 (1)867,067 
Bayer US Finance II LLC4.250%, $860,000 par, due 12/15/2025 (1)930,596 
Bayer US Finance II LLC3.875%, $454,000 par, due 12/15/2023 (1)474,495 
Bayer US Finance LLC3.375%, $735,000 par, due 10/8/2024 (1)768,379 
Bell Telephone Co of Canada or Bell Canada/The0.750%, $1,890,000 par, due 3/17/2024 (1)1,870,843 
Black Hills Corp3.950%, $2,360,000 par, due 1/15/2026 (1)2,530,269 
Black Hills Corp4.250%, $850,000 par, due 11/30/2023 (1)892,656 
BMW US Capital LLC2.950%, $1,485,000 par, due 4/14/2022 (1)1,495,572 
BMW US Capital LLC3.150%, $378,000 par, due 4/18/2024 (1)394,788 
BMW US Capital LLC0.800%, $890,000 par, due 4/1/2024 (1)884,226 
BMW US Capital LLC0.750%, $1,290,000 par, due 8/12/2024 (1)1,275,938 
BMW Vehicle Lease Trust 2021-10.290%, $4,805,000 par, due 1/25/2024 (1)4,790,052 
BMW Vehicle Owner Trust 2019-A1.920%, $1,224,205 par, due 1/25/2024 (1)1,231,201 
BNP Paribas SA2.819%, $1,955,000 par, due 11/19/2025 (1)2,012,422 
BNP Paribas SA4.705%, $1,307,000 par, due 1/10/2025 (1)1,391,663 
Boeing Co/The2.700%, $470,000 par, due 5/1/2022 (1)472,759 
Boeing Co/The4.875%, $1,585,000 par, due 5/1/2025 (1)1,734,792 
Boston Properties LP3.125%, $635,000 par, due 9/1/2023 (1)653,244 
Boston Properties LP3.200%, $960,000 par, due 1/15/2025 (1)1,005,481 
Boston Properties LP3.800%, $624,000 par, due 2/1/2024 (1)652,689 
BP Capital Markets America Inc3.790%, $112,000 par, due 2/6/2024 (1)117,919 
BP Capital Markets America Inc2.750%, $917,000 par, due 5/10/2023 (1)939,244 
BP Capital Markets America Inc3.194%, $1,431,000 par, due 4/6/2025 (1)1,508,792 
Brazos Higher Education Authority Inc1.078%, $160,527 par, due 5/25/2029 (1)160,622 
Bristol-Myers Squibb Co0.537%, $2,470,000 par, due 11/13/2023 (1)2,459,246 
Bristol-Myers Squibb Co2.900%, $179,000 par, due 7/26/2024 (1)187,347 
Burlington Northern Santa Fe LLC3.050%, $787,000 par, due 9/1/2022 (1)795,086 
Byron Center Public Schools2.546%, $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 partycollateral, par, or maturing valueCostCurrent value
Canadian Natural Resources Ltd2.950%, $1,300,000 par, due 1/15/2023 (1)$1,324,831 
Canadian Pacific Railway Co1.350%, $2,420,000 par, due 12/2/2024 (1)2,423,086 
Capital One Bank USA NA2.014%, $710,000 par, due 1/27/2023 (1)710,629 
Capital One Financial Corp1.343%, $2,790,000 par, due 12/6/2024 (1)2,807,189 
Capital One NA0.964%, $1,549,000 par, due 8/8/2022 (1)1,553,216 
Capital One Prime Auto Receivables Trust 2019-21.920%, $1,807,745 par, due 5/15/2024 (1)1,820,554 
Capital One Prime Auto Receivables Trust 2021-10.770%, $3,605,000 par, due 9/15/2026 (1)3,578,092 
Carmax Auto Owner Trust 2018-43.360%, $380,746 par, due 9/15/2023 (1)383,434 
Carmax Auto Owner Trust 2019-42.020%, $3,528,759 par, due 11/15/2024 (1)3,563,624 
Carmax Auto Owner Trust 2020-11.890%, $3,813,906 par, due 12/16/2024 (1)3,848,044 
Carmax Auto Owner Trust 2021-10.340%, $4,300,000 par, due 12/15/2025 (1)4,262,164 
CarMax Auto Owner Trust 2021-20.520%, $4,110,000 par, due 2/17/2026 (1)4,086,499 
Carrier Global Corp2.242%, $1,655,000 par, due 2/15/2025 (1)1,695,342 
Caterpillar Financial Services Corp2.850%, $135,000 par, due 5/17/2024 (1)140,960 
CenterPoint Energy Resources Corp0.700%, $1,960,000 par, due 3/2/2023 (1)1,951,123 
CES MU2 LLC2.166%, $3,044,073 par, due 12/16/2026 (1)3,114,741 
Charles Schwab Corp/The4.200%, $900,000 par, due 3/24/2025 (1)978,869 
Charles Schwab Corp/The3.625%, $1,500,000 par, due 4/1/2025 (1)1,598,773 
Chesapeake Funding II LLC3.390%, $523,065 par, due 1/15/2031 (1)529,651 
Chesapeake Funding II LLC1.950%, $1,377,382 par, due 9/15/2031 (1)1,385,596 
Chesapeake Funding II LLC0.870%, $3,110,584 par, due 8/16/2032 (1)3,114,167 
Chesapeake Funding II LLC0.470%, $3,966,916 par, due 4/15/2033 (1)3,949,125 
Chevron Corp1.554%, $1,390,000 par, due 5/11/2025 (1)1,402,371 
Chubb INA Holdings Inc3.350%, $500,000 par, due 5/15/2024 (1)527,149 
Cigna Corp3.750%, $62,000 par, due 7/15/2023 (1)64,480 
Cintas Corp No 22.900%, $2,129,000 par, due 4/1/2022 (1)2,137,556 
Cintas Corp No 23.250%, $660,000 par, due 6/1/2022 (1)662,769 
Citigroup Commercial Mortgage Trust 2012-GC82.608%, $161,143 par, due 9/10/2045 (1)161,469 
Citigroup Commercial Mortgage Trust 2014-GC193.552%, $816,348 par, due 3/10/2047 (1)837,735 
Citigroup Inc4.044%, $430,000 par, due 6/1/2024 (1)448,182 
Citigroup Inc1.281%, $860,000 par, due 11/3/2025 (1)857,879 
Citigroup Inc1.194%, $480,000 par, due 6/1/2024 (1)484,302 
Citigroup Inc3.352%, $331,000 par, due 4/24/2025 (1)345,675 
Citigroup Inc0.776%, $1,020,000 par, due 10/30/2024 (1)1,013,536 
Citigroup Inc0.981%, $1,550,000 par, due 5/1/2025 (1)1,538,060 
Citizens Bank NA/Providence RI3.250%, $1,140,000 par, due 2/14/2022 (1)1,140,930 
Citizens Bank NA/Providence RI2.250%, $1,045,000 par, due 4/28/2025 (1)1,069,796 
Cleco Power LLC0.703%, $620,000 par, due 6/15/2023 (1)619,525 
CNH Equipment Trust 2019-A3.010%, $364,106 par, due 4/15/2024 (1)367,560 
CNH Equipment Trust 2021-C0.810%, $3,690,000 par, due 12/15/2026 (1)3,665,214 
COLGATE UNIVERSITY2.180%, $1,135,000 par, due 7/1/2023 (1)1,159,947 
College Loan Corp Trust I0.874%, $5,945,000 par, due 4/25/2046 (1)5,930,352 
Comcast Corp3.700%, $1,000,000 par, due 4/15/2024 (1)1,062,597 
Comerica Inc3.700%, $326,000 par, due 7/31/2023 (1)339,277 
COMM 2012-CCRE1 Mortgage Trust3.053%, $4,923 par, due 5/15/2045 (1)4,922 
COMM 2012-CCRE3 Mortgage Trust2.372%, $227,910 par, due 10/15/2045 (1)228,536 
COMM 2012-CCRE5 Mortgage Trust2.388%, $478,654 par, due 12/10/2045 (1)480,732 
Comm 2013-CCRE13 Mortgage Trust4.194%, $810,000 par, due 11/10/2046 (1)849,823 
COMM 2013-CCRE7 Mortgage Trust3.213%, $379,318 par, due 3/10/2046 (1)385,948 
COMM 2013-LC6 Mortgage Trust2.941%, $321,686 par, due 1/10/2046 (1)325,647 
COMM 2014-CCRE19 Mortgage Trust3.499%, $1,656,925 par, due 8/10/2047 (1)1,706,771 
COMM 2014-CR14 Mortgage Trust3.743%, $1,123,800 par, due 2/10/2047 (1)1,152,883 
CommonSpirit Health2.760%, $415,000 par, due 10/1/2024 (1)428,089 
Connecticut Light and Power Co/The0.750%, $1,390,000 par, due 12/1/2025 (1)1,351,605 
Cooperatieve Rabobank UA2.625%, $2,005,000 par, due 7/22/2024 (1)2,070,401 
Cooperatieve Rabobank UA1.080%, $470,000 par, due 9/26/2023 (1)473,735 
Corporate Action Adjustment0.001%, $0 par, due 1/31/3100 (1)— 
County of Berks PA1.817%, $1,000,000 par, due 11/15/2022 (1)1,011,210 
County of Howard MD1.337%, $3,000,000 par, due 8/15/2023 (1)3,029,670 
County of Spokane WA2.096%, $1,135,000 par, due 12/1/2024 (1)1,167,121 
County of Spokane WA2.096%, $265,000 par, due 12/1/2024 (1)272,950 
Credit Suisse Group AG3.574%, $1,480,000 par, due 1/9/2023 (1)1,480,419 
Credit Suisse Group AG4.207%, $420,000 par, due 6/12/2024 (1)437,036 
Credit Suisse Group AG1.441%, $790,000 par, due 6/12/2024 (1)798,087 
Credit Suisse Group AG2.997%, $324,000 par, due 12/14/2023 (1)329,243 
Credit Suisse Group AG1.398%, $1,600,000 par, due 12/14/2023 (1)1,612,181 
CRH America Inc3.875%, $1,410,000 par, due 5/18/2025 (1)1,506,877 
CubeSmart LP4.000%, $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 partycollateral, par, or maturing valueCostCurrent value
CVS Health Corp2.625%, $690,000 par, due 8/15/2024 (1)$714,574 
Daimler Finance North America LLC3.350%, $250,000 par, due 2/22/2023 (1)256,955 
Daimler Finance North America LLC1.750%, $3,145,000 par, due 3/10/2023 (1)3,176,670 
Daimler Trucks Finance North America LLC1.625%, $1,530,000 par, due 12/13/2024 (1)1,541,850 
Daimler Trucks Finance North America LLC1.125%, $3,030,000 par, due 12/14/2023 (1)3,031,215 
Danone SA3.000%, $830,000 par, due 6/15/2022 (1)839,063 
Dell Equipment Finance Trust 2019-21.910%, $1,650,565 par, due 10/22/2024 (1)1,657,622 
Dell Equipment Finance Trust 2020-12.260%, $693,821 par, due 6/22/2022 (1)694,940 
Dell Equipment Finance Trust 2020-20.570%, $1,915,000 par, due 10/23/2023 (1)1,913,252 
Dell Equipment Finance Trust 2021-10.430%, $4,778,000 par, due 5/22/2026 (1)4,749,619 
Diageo Capital PLC1.375%, $480,000 par, due 9/29/2025 (1)477,571 
Discover Card Execution Note Trust3.040%, $1,980,000 par, due 7/15/2024 (1)1,981,647 
DLLAA 2021-1 LLC0.670%, $5,750,000 par, due 4/17/2026 (1)5,687,653 
DLLAD 2021-1 LLC0.640%, $3,670,000 par, due 9/21/2026 (1)3,604,593 
DLLMT 2021-1 LLC1.000%, $3,210,000 par, due 7/21/2025 (1)3,191,729 
DNB Boligkreditt AS2.500%, $788,000 par, due 3/28/2022 (1)791,968 
DTE Electric Co3.375%, $1,470,000 par, due 3/1/2025 (1)1,549,082 
DTE Electric Co3.650%, $1,020,000 par, due 3/15/2024 (1)1,068,106 
Duke Energy Carolinas LLC3.050%, $1,193,000 par, due 3/15/2023 (1)1,222,279 
Duke Energy Carolinas LLC2.500%, $337,000 par, due 3/15/2023 (1)342,609 
DuPont de Nemours Inc4.493%, $965,000 par, due 11/15/2025 (1)1,066,762 
DuPont de Nemours Inc1.266%, $940,000 par, due 11/15/2023 (1)952,286 
East Ohio Gas Co/The1.300%, $1,515,000 par, due 6/15/2025 (1)1,494,847 
Ecolab Inc0.900%, $1,195,000 par, due 12/15/2023 (1)1,196,698 
EdLinc Student Loan Funding Trust 2012-11.103%, $609,258 par, due 9/25/2030 (1)611,321 
Edsouth Indenture No 2 LLC1.253%, $76,568 par, due 9/25/2040 (1)77,013 
Edsouth Indenture No 3 LLC0.833%, $331,100 par, due 4/25/2039 (1)330,205 
Edsouth Indenture No 4 LLC0.673%, $285,415 par, due 2/26/2029 (1)284,744 
Edu Fund of South0.774%, $512,256 par, due 4/25/2035 (1)513,390 
Edu Fund of South1.152%, $356,262 par, due 3/25/2036 (1)358,083 
EMD Finance LLC3.250%, $720,000 par, due 3/19/2025 (1)757,932 
Emory University1.566%, $780,000 par, due 9/1/2025 (1)776,345 
Entergy Arkansas LLC3.050%, $796,000 par, due 6/1/2023 (1)815,656 
Entergy Arkansas LLC3.700%, $720,000 par, due 6/1/2024 (1)756,526 
Entergy Louisiana LLC0.620%, $1,470,000 par, due 11/17/2023 (1)1,458,261 
Enterprise Fleet Financing 2019-2 LLC2.290%, $1,454,034 par, due 2/20/2025 (1)1,451,062 
Enterprise Fleet Financing 2019-3 LLC2.060%, $1,069,642 par, due 5/20/2025 (1)1,077,761 
Enterprise Fleet Financing 2020-1 LLC1.780%, $1,842,114 par, due 12/22/2025 (1)1,855,970 
Enterprise Fleet Financing 2020-2 LLC0.610%, $3,327,434 par, due 7/20/2026 (1)3,318,646 
Enterprise Fleet Financing 2021-2 LLC0.480%, $4,665,000 par, due 5/20/2027 (1)4,621,858 
Enterprise Fleet Financing 2021-3 LLC0.770%, $4,485,000 par, due 8/20/2027 (1)4,456,049 
Enterprise Fleet Funding 2021-1 LLC0.440%, $4,966,548 par, due 12/21/2026 (1)4,939,108 
Enterprise Products Operating LLC3.500%, $941,000 par, due 2/1/2022 (1)943,070 
Enterprise Products Operating LLC3.750%, $1,495,000 par, due 2/15/2025 (1)1,589,115 
Equifax Inc3.950%, $45,000 par, due 6/15/2023 (1)46,770 
Equinor ASA2.875%, $1,375,000 par, due 4/6/2025 (1)1,435,544 
Equinor ASA1.750%, $220,000 par, due 1/22/2026 (1)221,444 
Equinor ASA2.650%, $1,400,000 par, due 1/15/2024 (1)1,443,655 
ERP Operating LP3.375%, $1,300,000 par, due 6/1/2025 (1)1,376,993 
Ethiopian Leasing 2012 LLC2.566%, $2,922,867 par, due 8/14/2026 (1)3,030,136 
Ethiopian Leasing 2012 LLC1.506%, $5,000,000 par, due 10/3/2024 (1)5,038,450 
Evergy Kansas Central Inc2.550%, $1,630,000 par, due 7/1/2026 (1)1,690,481 
Evergy Metro Inc3.650%, $1,100,000 par, due 8/15/2025 (1)1,171,709 
EXIM Bank of the United States1.900%, $4,480,036 par, due 7/12/2024 (1)4,533,232 
EXIM Bank of the United States3.744%, $17,188 par, due 2/26/2022 (1)17,264 
EXIM Bank of the United States1.732%, $136,759 par, due 9/18/2024 (1)138,262 
EXIM Bank of the United States1.732%, $328,820 par, due 9/18/2024 (1)332,428 
Exxon Mobil Corp2.992%, $1,500,000 par, due 3/19/2025 (1)1,577,000 
Fannie Mae Grantor Trust 2004-T26.000%, $384,233 par, due 11/25/2043 (1)434,558 
Fannie Mae or Freddie Mac2.000%, $44,342,000 par, due 2/1/2036 (1)45,346,612 
Fannie Mae or Freddie Mac2.000%, $0 par, due 1/1/2036 (1)— 
Fannie Mae Pool5.500%, $142,905 par, due 4/1/2033 (1)163,252 
Fannie Mae Pool6.000%, $24,075 par, due 2/1/2033 (1)27,597 
Fannie Mae Pool5.500%, $4,751 par, due 1/1/2036 (1)4,851 
Fannie Mae Pool5.500%, $42,068 par, due 2/1/2036 (1)43,630 
Fannie Mae Pool5.000%, $316,840 par, due 6/1/2035 (1)357,442 
Fannie Mae Pool5.500%, $251,076 par, due 9/1/2036 (1)283,815 
Fannie Mae Pool5.000%, $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 partycollateral, par, or maturing valueCostCurrent value
Fannie Mae Pool2.210%, $426,158 par, due 7/1/2033 (1)$428,943 
Fannie Mae Pool1.763%, $503,566 par, due 6/1/2033 (1)521,097 
Fannie Mae Pool1.624%, $93,449 par, due 8/1/2035 (1)93,679 
Fannie Mae Pool1.700%, $182,714 par, due 8/1/2033 (1)189,185 
Fannie Mae Pool1.698%, $86,048 par, due 8/1/2033 (1)89,095 
Fannie Mae Pool1.677%, $286,842 par, due 10/1/2033 (1)289,053 
Fannie Mae Pool1.757%, $147,892 par, due 12/1/2033 (1)150,066 
Fannie Mae Pool1.675%, $68,356 par, due 3/1/2034 (1)70,807 
Fannie Mae Pool1.675%, $47,135 par, due 5/1/2034 (1)48,830 
Fannie Mae Pool1.772%, $830,350 par, due 6/1/2034 (1)861,403 
Fannie Mae Pool1.678%, $71,172 par, due 8/1/2034 (1)73,770 
Fannie Mae Pool1.875%, $329,233 par, due 5/1/2038 (1)344,491 
Fannie Mae Pool1.838%, $107,522 par, due 5/1/2037 (1)108,266 
Fannie Mae Pool3.476%, $330,013 par, due 5/1/2036 (1)353,316 
Fannie Mae Pool2.190%, $14,960 par, due 2/1/2041 (1)15,089 
Fannie Mae Pool2.000%, $106,405 par, due 10/1/2041 (1)106,741 
Fannie Mae Pool2.080%, $96,116 par, due 11/1/2041 (1)96,538 
Fannie Mae Pool2.125%, $28,987 par, due 3/1/2042 (1)30,541 
Fannie Mae Pool1.830%, $410,225 par, due 8/1/2044 (1)425,277 
Fannie Mae Pool1.840%, $187,673 par, due 8/1/2044 (1)194,643 
Fannie Mae Pool1.840%, $197,529 par, due 8/1/2044 (1)204,865 
Fannie Mae Pool1.840%, $170,082 par, due 8/1/2044 (1)176,399 
Fannie Mae Pool1.850%, $11,112 par, due 9/1/2044 (1)11,517 
Fannie Mae Pool1.850%, $103,702 par, due 10/1/2044 (1)107,435 
Fannie Mae Pool1.972%, $241,855 par, due 2/1/2045 (1)250,205 
Fannie Mae Pool2.453%, $336,476 par, due 4/1/2045 (1)348,967 
Fannie Mae Pool1.961%, $221,481 par, due 4/1/2045 (1)229,487 
Fannie Mae Pool2.285%, $37,771 par, due 6/1/2045 (1)39,137 
Fannie Mae Pool2.606%, $123,343 par, due 7/1/2045 (1)127,982 
Fannie Mae Pool2.455%, $517,853 par, due 8/1/2045 (1)537,079 
Fannie Mae Pool1.850%, $52,703 par, due 8/1/2045 (1)54,478 
Fannie Mae Pool2.645%, $393,974 par, due 8/1/2045 (1)409,008 
Fannie Mae Pool2.654%, $708,398 par, due 11/1/2045 (1)736,095 
Fannie Mae Pool2.716%, $85,860 par, due 12/1/2045 (1)89,277 
Fannie Mae Pool2.292%, $577,028 par, due 10/1/2046 (1)591,765 
Fannie Mae Pool3.108%, $670,611 par, due 6/1/2047 (1)698,200 
Fannie Mae Pool3.024%, $1,135,495 par, due 6/1/2047 (1)1,182,034 
Fannie Mae Pool3.037%, $523,108 par, due 6/1/2047 (1)543,740 
Fannie Mae Pool2.889%, $433,206 par, due 7/1/2047 (1)449,200 
Fannie Mae Pool2.970%, $642,183 par, due 7/1/2047 (1)666,830 
Fannie Mae Pool2.755%, $1,379,326 par, due 9/1/2047 (1)1,427,723 
Fannie Mae Pool2.806%, $309,305 par, due 9/1/2047 (1)318,762 
Fannie Mae Pool2.378%, $939,264 par, due 11/1/2046 (1)964,277 
Fannie Mae Pool2.720%, $951,547 par, due 11/1/2047 (1)983,749 
Fannie Mae Pool2.919%, $443,857 par, due 5/1/2047 (1)460,772 
Fannie Mae Pool2.962%, $431,746 par, due 2/1/2048 (1)448,146 
Fannie Mae Pool3.273%, $981,633 par, due 5/1/2048 (1)1,021,963 
Fannie Mae Pool3.057%, $2,117,207 par, due 8/1/2049 (1)2,189,078 
Fannie Mae Pool2.997%, $1,186,893 par, due 8/1/2049 (1)1,228,589 
Fannie Mae Pool2.754%, $2,716,884 par, due 11/1/2049 (1)2,801,537 
Fannie Mae Pool2.847%, $879,691 par, due 11/1/2049 (1)908,007 
Fannie Mae Pool2.857%, $540,440 par, due 11/1/2049 (1)557,951 
Fannie Mae Pool2.820%, $527,967 par, due 12/1/2049 (1)544,307 
Fannie Mae Pool3.389%, $228,143 par, due 11/1/2048 (1)237,221 
Fannie Mae Pool3.410%, $841,443 par, due 11/1/2023 (1)869,314 
Fannie Mae Pool3.120%, $945,000 par, due 1/1/2024 (1)976,869 
Fannie Mae Pool2.000%, $46,354 par, due 6/1/2022 (1)46,344 
Fannie Mae Pool2.615%, $1,082,064 par, due 12/1/2049 (1)1,116,417 
Fannie Mae Pool2.725%, $1,170,650 par, due 12/1/2049 (1)1,205,643 
Fannie Mae Pool2.692%, $3,674,167 par, due 1/1/2050 (1)3,785,925 
Fannie Mae Pool2.739%, $2,459,388 par, due 1/1/2050 (1)2,531,785 
Fannie Mae Pool3.000%, $1,343,488 par, due 8/1/2027 (1)1,409,782 
Fannie Mae Pool2.000%, $53,772 par, due 5/1/2023 (1)55,124 
Fannie Mae Pool2.000%, $66,309 par, due 6/1/2023 (1)66,870 
Fannie Mae Pool2.000%, $50,679 par, due 4/1/2023 (1)51,954 
Fannie Mae Pool2.000%, $158,967 par, due 8/1/2023 (1)160,385 
Fannie Mae Pool2.000%, $250,935 par, due 9/1/2023 (1)257,246 
Fannie Mae Pool2.500%, $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 partycollateral, par, or maturing valueCostCurrent value
Fannie Mae Pool2.500%, $312,827 par, due 10/1/2024 (1)$323,400 
Fannie Mae Pool3.000%, $293,948 par, due 2/1/2031 (1)309,707 
Fannie Mae Pool3.000%, $190,749 par, due 2/1/2031 (1)200,908 
Fannie Mae Pool3.000%, $2,314,987 par, due 4/1/2031 (1)2,438,358 
Fannie Mae Pool3.000%, $115,162 par, due 5/1/2031 (1)121,142 
Fannie Mae Pool2.500%, $2,790,557 par, due 11/1/2027 (1)2,898,775 
Fannie Mae Pool2.500%, $881,996 par, due 12/1/2026 (1)911,806 
Fannie Mae Pool2.500%, $611,504 par, due 8/1/2027 (1)635,030 
Fannie Mae Pool3.000%, $600,473 par, due 2/1/2027 (1)627,750 
Fannie Mae Pool4.000%, $884,695 par, due 2/1/2034 (1)946,014 
Fannie Mae Pool4.000%, $606,019 par, due 2/1/2034 (1)646,261 
Fannie Mae Pool3.000%, $657,277 par, due 7/1/2034 (1)690,884 
Fannie Mae Pool2.500%, $2,863,421 par, due 12/1/2031 (1)2,975,152 
Fannie Mae Pool3.000%, $1,702,081 par, due 7/1/2034 (1)1,791,762 
Fannie Mae Pool3.666%, $285,072 par, due 10/1/2032 (1)307,786 
Fannie Mae Pool1.513%, $542,582 par, due 11/1/2032 (1)547,148 
Fannie Mae REMIC Trust 2002-W125.066%, $6,607 par, due 2/25/2033 (1)6,607 
Fannie Mae REMIC Trust 2003-W116.891%, $28,134 par, due 7/25/2033 (1)30,977 
Fannie Mae REMIC Trust 2004-W117.000%, $433,415 par, due 5/25/2044 (1)486,337 
Fannie Mae REMICS5.500%, $1,174,102 par, due 4/25/2035 (1)1,339,801 
Fannie Mae REMICS5.500%, $1,004,489 par, due 4/25/2035 (1)1,142,766 
Fannie Mae REMICS2.500%, $31,436 par, due 3/25/2037 (1)32,247 
Fannie Mae Trust 2003-W66.500%, $145,638 par, due 9/25/2042 (1)166,012 
Fannie Mae Trust 2004-W17.000%, $308,411 par, due 12/25/2033 (1)355,803 
Fannie Mae-Aces2.263%, $67,185 par, due 2/25/2023 (1)67,266 
Federal Realty Investment Trust3.950%, $300,000 par, due 1/15/2024 (1)314,229 
Federal Realty Investment Trust1.250%, $810,000 par, due 2/15/2026 (1)793,766 
Federal Realty Investment Trust2.750%, $518,000 par, due 6/1/2023 (1)528,318 
Federation des Caisses Desjardin du Quebec0.450%, $3,635,000 par, due 10/7/2023 (1)3,604,390 
Fifth Third Bancorp1.625%, $440,000 par, due 5/5/2023 (1)444,302 
Fifth Third Bancorp3.650%, $220,000 par, due 1/25/2024 (1)230,509 
Fiserv Inc3.800%, $450,000 par, due 10/1/2023 (1)470,447 
Fiserv Inc3.850%, $1,400,000 par, due 6/1/2025 (1)1,495,701 
Fiserv Inc2.750%, $1,690,000 par, due 7/1/2024 (1)1,748,334 
Florida Power & Light Co2.850%, $700,000 par, due 4/1/2025 (1)731,249 
Florida Water Pollution Control Financing Corp1.900%, $1,580,000 par, due 1/15/2022 (1)1,580,837 
FMC Corp4.100%, $750,000 par, due 2/1/2024 (1)786,311 
Ford Credit Auto Lease Trust 2020-B0.620%, $4,043,442 par, due 8/15/2023 (1)4,047,057 
Ford Credit Auto Owner Tr2.620%, $2,625,000 par, due 8/15/2028 (1)2,632,156 
Ford Credit Auto Owner Trust 2017-REV22.360%, $628,000 par, due 3/15/2029 (1)635,957 
Ford Credit Auto Owner Trust 2018-REV23.470%, $761,000 par, due 1/15/2030 (1)790,744 
Ford Credit Auto Owner Trust 2020-B0.560%, $7,639,997 par, due 10/15/2024 (1)7,639,661 
Ford Credit Auto Owner Trust 2021-A0.300%, $4,115,000 par, due 8/15/2025 (1)4,087,841 
Fortune Brands Home & Security Inc4.000%, $757,000 par, due 9/21/2023 (1)793,141 
Freddie Mac Gold Pool2.500%, $44,089 par, due 7/1/2023 (1)45,594 
Freddie Mac Gold Pool3.000%, $232,788 par, due 10/1/2026 (1)244,308 
Freddie Mac Gold Pool5.500%, $94,560 par, due 12/1/2033 (1)104,172 
Freddie Mac Gold Pool6.000%, $1,237,127 par, due 8/1/2038 (1)1,435,582 
Freddie Mac Gold Pool6.000%, $613,895 par, due 8/1/2038 (1)712,361 
Freddie Mac Gold Pool3.000%, $1,073,880 par, due 8/1/2027 (1)1,126,016 
Freddie Mac Multifam Struct PT Cert0.744%, $14,185 par, due 1/25/2023 (1)14,194 
Freddie Mac Multifam Struct PT Cert2.791%, $54,015 par, due 1/25/2022 (1)53,999 
Freddie Mac Multifam Struct PT Cert2.615%, $11,470,000 par, due 1/25/2023 (1)11,693,527 
Freddie Mac Multifam Struct PT Cert2.807%, $234,386 par, due 1/25/2046 (1)234,342 
Freddie Mac Non Gold Pool2.145%, $310,871 par, due 9/1/2037 (1)328,178 
Freddie Mac Non Gold Pool1.765%, $45,879 par, due 6/1/2036 (1)45,998 
Freddie Mac Non Gold Pool1.669%, $123,446 par, due 8/1/2035 (1)123,524 
Freddie Mac Non Gold Pool2.151%, $379,006 par, due 4/1/2038 (1)399,387 
Freddie Mac Non Gold Pool1.995%, $39,429 par, due 5/1/2038 (1)40,912 
Freddie Mac Non Gold Pool2.057%, $33,330 par, due 1/1/2041 (1)34,605 
Freddie Mac Non Gold Pool2.125%, $39,162 par, due 2/1/2042 (1)41,111 
Freddie Mac Non Gold Pool2.000%, $129,865 par, due 5/1/2042 (1)130,169 
Freddie Mac Non Gold Pool2.000%, $9,890 par, due 6/1/2042 (1)9,913 
Freddie Mac Non Gold Pool2.000%, $25,495 par, due 6/1/2042 (1)26,461 
Freddie Mac Non Gold Pool2.000%, $70,582 par, due 7/1/2042 (1)73,280 
Freddie Mac Non Gold Pool2.000%, $16,489 par, due 8/1/2042 (1)16,538 
Freddie Mac Non Gold Pool2.000%, $191,091 par, due 9/1/2042 (1)199,887 
Freddie Mac Non Gold Pool1.890%, $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 partycollateral, par, or maturing valueCostCurrent value
Freddie Mac Non Gold Pool1.850%, $487,586 par, due 10/1/2043 (1)$507,425 
Freddie Mac Non Gold Pool1.850%, $264,957 par, due 5/1/2044 (1)275,112 
Freddie Mac Non Gold Pool1.850%, $230,099 par, due 8/1/2044 (1)238,433 
Freddie Mac Non Gold Pool1.898%, $314,978 par, due 12/1/2044 (1)325,877 
Freddie Mac Non Gold Pool2.600%, $256,977 par, due 1/1/2045 (1)266,489 
Freddie Mac Non Gold Pool2.641%, $418,943 par, due 5/1/2045 (1)434,515 
Freddie Mac Non Gold Pool2.619%, $47,743 par, due 6/1/2045 (1)49,528 
Freddie Mac Non Gold Pool3.212%, $1,493,560 par, due 7/1/2049 (1)1,543,584 
Freddie Mac Non Gold Pool2.790%, $177,128 par, due 5/1/2047 (1)183,088 
Freddie Mac Non Gold Pool3.483%, $553,318 par, due 5/1/2048 (1)576,945 
Freddie Mac Non Gold Pool2.926%, $401,966 par, due 11/1/2047 (1)416,601 
Freddie Mac Non Gold Pool2.489%, $105,927 par, due 11/1/2046 (1)109,059 
Freddie Mac Non Gold Pool2.184%, $1,145,687 par, due 1/1/2047 (1)1,174,132 
Freddie Mac Non Gold Pool3.017%, $137,060 par, due 8/1/2047 (1)142,474 
Freddie Mac Non Gold Pool2.548%, $321,458 par, due 10/1/2047 (1)331,265 
Freddie Mac Non Gold Pool2.917%, $96,285 par, due 7/1/2047 (1)99,880 
Freddie Mac Non Gold Pool2.249%, $100,053 par, due 10/1/2046 (1)102,683 
Freddie Mac Non Gold Pool2.380%, $1,745,120 par, due 10/1/2046 (1)1,791,280 
Freddie Mac Non Gold Pool2.421%, $799,814 par, due 10/1/2046 (1)821,470 
Freddie Mac Non Gold Pool2.384%, $1,077,215 par, due 7/1/2045 (1)1,115,780 
Freddie Mac Non Gold Pool1.850%, $49,868 par, due 8/1/2045 (1)51,522 
Freddie Mac Non Gold Pool2.411%, $1,531,481 par, due 8/1/2045 (1)1,587,598 
Freddie Mac Non Gold Pool2.704%, $120,576 par, due 8/1/2045 (1)125,228 
Freddie Mac Non Gold Pool1.870%, $106,747 par, due 9/1/2045 (1)110,333 
Freddie Mac Non Gold Pool1.880%, $126,639 par, due 10/1/2045 (1)130,849 
Freddie Mac Non Gold Pool2.595%, $543,684 par, due 11/1/2045 (1)564,990 
Freddie Mac Non Gold Pool1.995%, $581,847 par, due 2/1/2046 (1)602,342 
Freddie Mac Non Gold Pool2.350%, $270,181 par, due 12/1/2042 (1)282,252 
Freddie Mac Non Gold Pool2.864%, $906,779 par, due 6/1/2047 (1)940,099 
Freddie Mac Non Gold Pool2.725%, $2,352,282 par, due 11/1/2045 (1)2,446,536 
Freddie Mac Pool3.000%, $1,570,433 par, due 7/1/2034 (1)1,649,632 
Freddie Mac Pool3.000%, $3,434,825 par, due 1/1/2035 (1)3,616,023 
Freddie Mac REMICS3.500%, $13,009 par, due 4/15/2041 (1)13,200 
Freddie Mac REMICS3.000%, $23,395 par, due 12/15/2044 (1)24,501 
Freddie Mac Struct PT Cert5.231%, $2,062,785 par, due 5/25/2043 (1)2,320,691 
General Dynamics Corp3.250%, $2,710,000 par, due 4/1/2025 (1)2,865,554 
General Mills Inc3.700%, $480,000 par, due 10/17/2023 (1)502,311 
General Mills Inc2.600%, $775,000 par, due 10/12/2022 (1)786,422 
General Motors Financial Co Inc1.200%, $1,510,000 par, due 10/15/2024 (1)1,499,225 
General Motors Financial Co Inc3.550%, $750,000 par, due 7/8/2022 (1)760,892 
Georgia-Pacific LLC1.750%, $1,755,000 par, due 9/30/2025 (1)1,762,692 
GGlaxoSmithKline Capital PLC0.534%, $860,000 par, due 10/1/2023 (1)856,797 
Gilead Sciences Inc0.750%, $744,000 par, due 9/29/2023 (1)740,945 
Ginnie Mae II pool2.125%, $17,281 par, due 12/20/2045 (1)17,873 
Ginnie Mae II pool2.000%, $60,812 par, due 3/20/2042 (1)63,586 
Ginnie Mae II pool1.875%, $203,549 par, due 4/20/2042 (1)211,617 
Ginnie Mae II pool2.125%, $115,527 par, due 10/20/2045 (1)119,491 
Ginnie Mae II Pool4.056%, $4,597 par, due 12/20/2066 (1)4,734 
Ginnie Mae II Pool4.065%, $1,982 par, due 1/20/2067 (1)2,041 
Ginnie Mae II pool4.740%, $768 par, due 6/20/2061 (1)842 
Ginnie Mae II pool1.480%, $297,778 par, due 6/20/2058 (1)302,681 
Ginnie Mae II pool5.470%, $2,151 par, due 8/20/2059 (1)2,157 
Ginnie Mae II pool0.711%, $2,988,768 par, due 5/20/2058 (1)3,019,202 
GlaxoSmithKline Capital PLC2.850%, $740,000 par, due 5/8/2022 (1)746,299 
GM Financial Automobile Leasing Trust 2020-20.710%, $71,247 par, due 10/20/2022 (1)71,261 
GM Financial Automobile Leasing Trust 2020-30.450%, $4,545,000 par, due 8/21/2023 (1)4,545,623 
GM Financial Automobile Leasing Trust 2021-30.390%, $3,035,000 par, due 10/21/2024 (1)3,005,910 
GM Financial Consumer Auto Rec Trust 2020-30.450%, $11,020,000 par, due 4/16/2025 (1)10,999,128 
GM Financial Consumer Auto Rec Trust 2021-10.350%, $6,130,000 par, due 10/16/2025 (1)6,091,056 
GM Financial Consumer Automobile Rec Trust 2019-32.180%, $870,487 par, due 4/16/2024 (1)876,018 
GM Financial Consumer Automobile Rec Trust 2020-11.840%, $1,713,983 par, due 9/16/2024 (1)1,728,110 
GM Financial Leasing Trust0.260%, $3,510,000 par, due 2/20/2024 (1)3,499,038 
GNMA1.081%, $2,542,150 par, due 12/20/2066 (1)2,589,612 
GNMA0.731%, $2,553,728 par, due 10/20/2065 (1)2,573,736 
Goldman Sachs Group Inc/The0.925%, $2,470,000 par, due 10/21/2024 (1)2,459,646 
Goldman Sachs Group Inc/The0.627%, $790,000 par, due 11/17/2023 (1)787,995 
Goldman Sachs Group Inc/The1.124%, $179,000 par, due 7/24/2023 (1)179,595 
Goldman Sachs Group Inc/The3.750%, $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 partycollateral, par, or maturing valueCostCurrent value
Goldman Sachs Group Inc/The3.272%, $1,445,000 par, due 9/29/2025 (1)$1,516,478 
Goldman Sachs Group Inc/The3.500%, $1,000,000 par, due 1/23/2025 (1)1,054,105 
Goldman Sachs Group Inc/The3.625%, $1,147,000 par, due 2/20/2024 (1)1,203,461 
Goldman Sachs Group Inc/The0.657%, $1,570,000 par, due 9/10/2024 (1)1,556,986 
Goldman Sachs Group Inc/The1.217%, $1,550,000 par, due 12/6/2023 (1)1,553,553 
Government National Mortgage Association0.981%, $1,213,373 par, due 1/20/2066 (1)1,231,786 
Green Bay Area Public School District2.050%, $2,040,000 par, due 4/1/2023 (1)2,073,028 
GS Mortgage Securities Corp II2.943%, $6,800,000 par, due 2/10/2046 (1)6,913,444 
GS Mortgage Securities Trust 2012-GCJ92.773%, $3,495,193 par, due 11/10/2045 (1)3,539,593 
GS Mortgage Securities Trust 2012-GCJ92.368%, $401,702 par, due 11/10/2045 (1)402,884 
GS Mortgage Securities Trust 2013-GC164.271%, $576,000 par, due 11/10/2046 (1)602,850 
GSMS 2012-GCJ7 A4 9.2-Yr CMBS3.377%, $158,373 par, due 5/10/2045 (1)158,339 
Gulfstream Natural Gas System LLC6.190%, $550,000 par, due 11/1/2025 (1)633,340 
Halliburton Co3.800%, $430,000 par, due 11/15/2025 (1)462,465 
Halliburton Co3.500%, $18,000 par, due 8/1/2023 (1)18,585 
Harlandale Independent School District5.000%, $1,880,000 par, due 8/15/2022 (1)1,932,884 
Harley-Davidson Motorcycle Trust 2021-B0.560%, $3,015,000 par, due 11/16/2026 (1)2,985,963 
Health Care Service Corp A Mutual Legal Reserve Co1.500%, $1,950,000 par, due 6/1/2025 (1)1,946,439 
Hewlett Packard Enterprise Co4.450%, $1,435,000 par, due 10/2/2023 (1)1,514,363 
Hewlett Packard Enterprise Co2.250%, $950,000 par, due 4/1/2023 (1)964,500 
HNA 2015 LLC2.291%, $1,628,727 par, due 6/30/2027 (1)1,675,089 
Honda Auto Receivables 2019-4 Owner Trust1.830%, $2,089,264 par, due 1/18/2024 (1)2,104,503 
Honda Auto Receivables 2020-2 Owner Trust0.820%, $5,553,431 par, due 7/15/2024 (1)5,563,355 
Honda Auto Receivables 2020-3 Owner Trust0.370%, $4,365,000 par, due 10/18/2024 (1)4,352,800 
Honda Auto Receivables 2021-1 Owner Trust0.270%, $3,540,000 par, due 4/21/2025 (1)3,521,114 
Honda Auto Receivables 2021-4 Owner Trust0.880%, $1,380,000 par, due 1/21/2026 (1)1,376,670 
HP Inc1.450%, $1,000,000 par, due 6/17/2026 (1)980,751 
HPEFS Equipment Trust0.690%, $4,810,000 par, due 7/22/2030 (1)4,814,127 
HPEFS Equipment Trust 2021-10.270%, $4,459,483 par, due 3/20/2031 (1)4,455,077 
HPEFS Equipment Trust 2021-20.360%, $2,850,000 par, due 9/20/2028 (1)2,828,636 
HSBC Holdings PLC2.099%, $580,000 par, due 6/4/2026 (1)584,011 
HSBC Holdings PLC2.251%, $2,010,000 par, due 11/22/2027 (1)2,017,115 
HSBC Holdings PLC1.589%, $1,560,000 par, due 5/24/2027 (1)1,526,424 
HSBC Holdings PLC0.976%, $1,600,000 par, due 5/24/2025 (1)1,580,955 
HSBC Holdings PLC1.160%, $770,000 par, due 5/18/2024 (1)777,187 
HSBC Holdings PLC3.262%, $587,000 par, due 3/13/2023 (1)589,777 
HSBC Holdings PLC3.803%, $238,000 par, due 3/11/2025 (1)249,793 
HSBC Holdings PLC0.732%, $1,210,000 par, due 8/17/2024 (1)1,199,404 
Huntington Bancshares Inc/OH2.625%, $450,000 par, due 8/6/2024 (1)463,475 
Huntington National Bank/The3.550%, $319,000 par, due 10/6/2023 (1)332,980 
Hyundai Auto Lease Securitization Trust 2021-C0.380%, $4,650,000 par, due 9/16/2024 (1)4,611,921 
Hyundai Auto Receivables Trust 2020-A1.410%, $4,625,000 par, due 11/15/2024 (1)4,655,752 
Hyundai Auto Receivables Trust 2020-B0.480%, $5,995,000 par, due 12/16/2024 (1)5,992,560 
Hyundai Auto Receivables Trust 2021-C0.740%, $1,415,000 par, due 5/15/2026 (1)1,405,299 
Intel Corp3.400%, $2,855,000 par, due 3/25/2025 (1)3,035,921 
International Business Machines Corp3.000%, $418,000 par, due 5/15/2024 (1)436,725 
Interstate Power and Light Co3.250%, $1,780,000 par, due 12/1/2024 (1)1,868,954 
Interstate Power and Light Co3.400%, $1,040,000 par, due 8/15/2025 (1)1,098,273 
J Paul Getty Trust/The0.391%, $2,595,000 par, due 1/1/2024 (1)2,565,222 
John Deere Owner Trust 2019-A2.910%, $316,591 par, due 7/17/2023 (1)318,319 
John Deere Owner Trust 2019-B2.210%, $678,725 par, due 12/15/2023 (1)683,196 
John Deere Owner Trust 20201.100%, $2,801,547 par, due 8/15/2024 (1)2,811,403 
John Deere Owner Trust 2020-B0.510%, $3,260,000 par, due 11/15/2024 (1)3,255,009 
John Deere Owner Trust 20210.360%, $5,535,000 par, due 9/15/2025 (1)5,490,222 
John Deere Owner Trust 2021-B0.520%, $2,065,000 par, due 3/16/2026 (1)2,041,469 
JPMBB Comml Mtg Sec Tr3.157%, $259,512 par, due 7/15/2045 (1)260,815 
JPMBB Comml Mtg Sec Tr3.761%, $591,283 par, due 8/15/2046 (1)606,077 
JPMorgan Chase & Co0.969%, $3,061,000 par, due 6/23/2025 (1)3,031,798 
JPMorgan Chase & Co1.561%, $1,930,000 par, due 12/10/2025 (1)1,933,005 
JPMorgan Chase & Co3.797%, $99,000 par, due 7/23/2024 (1)103,185 
JPMorgan Chase & Co3.220%, $2,170,000 par, due 3/1/2025 (1)2,256,236 
JPMorgan Chase & Co1.514%, $3,380,000 par, due 6/1/2024 (1)3,405,955 
JPMorgan Chase & Co0.824%, $1,590,000 par, due 6/1/2025 (1)1,571,737 
JPMorgan Chase & Co0.768%, $930,000 par, due 8/9/2025 (1)915,452 
JPMorgan Chase & Co4.023%, $1,280,000 par, due 12/5/2024 (1)1,349,746 
JPMorgan Chase & Co3.207%, $1,410,000 par, due 4/1/2023 (1)1,418,422 
JPMorgan Chase & Co1.014%, $670,000 par, due 7/23/2024 (1)676,137 
JPMorgan Chase Comml Mtg Sec Tr3.414%, $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 partycollateral, par, or maturing valueCostCurrent value
JPMorgan Chase Comml Mtg Sec Tr4.166%, $630,000 par, due 12/15/2046 (1)$658,398 
JPMorgan Chase Comml Mtg Sec Tr 2013-C133.994%, $3,604,579 par, due 1/15/2046 (1)3,724,471 
JPMorgan Comm Mtg Sec Tr3.483%, $157,211 par, due 6/15/2045 (1)158,107 
JPMorgan Comm Mtg Sec Tr1.409%, $58,725 par, due 6/15/2045 (1)58,780 
Kaiser Foundation Hospitals3.500%, $3,675,000 par, due 4/1/2022 (1)3,699,564 
Keller Independent School District/TX0.000%, $3,305,000 par, due 2/15/2025 (1)3,163,513 
Kentucky Utilities Co3.300%, $1,100,000 par, due 10/1/2025 (1)1,160,144 
KLA Corp4.650%, $1,556,000 par, due 11/1/2024 (1)1,687,255 
Kubota Credit Owner Trust 2021-10.620%, $3,210,000 par, due 8/15/2025 (1)3,180,526 
Lake Central Multi-District School Building Corp0.983%, $1,000,000 par, due 1/15/2025 (1)994,170 
Lake Central Multi-District School Building Corp1.053%, $1,200,000 par, due 7/15/2025 (1)1,189,872 
Leland Stanford Junior Uni Board of Trustees6.875%, $1,185,000 par, due 2/1/2024 (1)1,325,110 
Lennox International Inc1.350%, $1,200,000 par, due 8/1/2025 (1)1,185,078 
Lincoln Airport Authority2.123%, $500,000 par, due 7/1/2022 (1)503,980 
Lincoln Airport Authority2.303%, $500,000 par, due 7/1/2023 (1)510,400 
Lowe's Cos Inc4.000%, $1,270,000 par, due 4/15/2025 (1)1,373,946 
M&T Bank Corp0.805%, $512,000 par, due 7/26/2023 (1)515,668 
Marathon Petroleum Corp4.700%, $2,150,000 par, due 5/1/2025 (1)2,346,418 
Marsh & McLennan Cos Inc3.300%, $800,000 par, due 3/14/2023 (1)821,045 
Marsh & McLennan Cos Inc3.875%, $420,000 par, due 3/15/2024 (1)444,277 
Martin Marietta Materials Inc0.650%, $1,050,000 par, due 7/15/2023 (1)1,046,319 
Martin Marietta Materials Inc4.250%, $520,000 par, due 7/2/2024 (1)553,902 
MassMutual Global Funding II2.950%, $815,000 par, due 1/11/2025 (1)854,157 
McCormick & Co Inc/MD2.700%, $2,797,000 par, due 8/15/2022 (1)2,825,971 
McDonald's Corp3.350%, $886,000 par, due 4/1/2023 (1)912,139 
McDonald's Corp3.300%, $690,000 par, due 7/1/2025 (1)731,762 
Mercedes-Benz Auto Lease Trust 2020-A1.840%, $1,342,646 par, due 12/15/2022 (1)1,346,223 
Mercedes-Benz Auto Receivables Trust 2020-10.550%, $5,065,000 par, due 2/18/2025 (1)5,062,143 
METLIFE SECURITIZATION TRUST 2019-13.750%, $165,674 par, due 4/25/2058 (1)169,675 
Metropolitan Life Global Funding I3.600%, $260,000 par, due 1/11/2024 (1)273,396 
Michigan Finance Authority0.602%, $2,272,125 par, due 7/25/2061 (1)2,261,855 
Microchip Technology Inc4.333%, $220,000 par, due 6/1/2023 (1)229,335 
Mill City Mortgage Loan Trust 2017-12.750%, $112,710 par, due 11/25/2058 (1)113,043 
Missouri Higher Education Loan Authority0.852%, $3,012,846 par, due 1/25/2061 (1)3,020,228 
Missouri Higher Education Loan Authority0.802%, $5,331,741 par, due 3/25/2061 (1)5,336,059 
Mitsubishi UFJ Financial Group Inc1.412%, $1,260,000 par, due 7/17/2025 (1)1,253,445 
Mitsubishi UFJ Financial Group Inc0.953%, $3,370,000 par, due 7/19/2025 (1)3,329,331 
Mitsubishi UFJ Financial Group Inc0.962%, $780,000 par, due 10/11/2025 (1)769,068 
Mitsubishi UFJ Financial Group Inc0.848%, $1,480,000 par, due 9/15/2024 (1)1,472,825 
MMAF Equipment Finance LLC 2019-A2.840%, $602,586 par, due 11/13/2023 (1)606,997 
MMAF Equipment Finance LLC 2019-B2.010%, $4,385,000 par, due 12/12/2024 (1)4,432,893 
MMAF Equipment Finance LLC 2020-A0.970%, $4,125,000 par, due 4/9/2027 (1)4,084,835 
MMAF Equipment Finance LLC 2021-A0.560%, $3,580,000 par, due 6/13/2028 (1)3,528,881 
MO State Higher Ed Std Asst1.104%, $499,320 par, due 5/20/2030 (1)500,704 
Mondelez International Holdings Netherlands BV2.125%, $1,225,000 par, due 9/19/2022 (1)1,237,847 
Mondelez International Holdings Netherlands BV2.250%, $560,000 par, due 9/19/2024 (1)572,659 
Mondelez International Holdings Netherlands BV0.750%, $1,470,000 par, due 9/24/2024 (1)1,445,648 
Monongahela Power Co4.100%, $1,103,000 par, due 4/15/2024 (1)1,160,523 
Morgan Stanley0.790%, $1,550,000 par, due 5/30/2025 (1)1,530,036 
Morgan Stanley0.731%, $860,000 par, due 4/5/2024 (1)857,399 
Morgan Stanley0.791%, $3,120,000 par, due 1/22/2025 (1)3,088,778 
Morgan Stanley1.164%, $1,230,000 par, due 10/21/2025 (1)1,220,555 
Morgan Stanley3.750%, $2,000,000 par, due 2/25/2023 (1)2,068,718 
Morgan Stanley3.875%, $1,507,000 par, due 4/29/2024 (1)1,597,845 
Morgan Stanley3.125%, $800,000 par, due 1/23/2023 (1)820,310 
Morgan Stanley BAML Trust3.824%, $102,133 par, due 10/15/2046 (1)104,175 
Morgan Stanley BAML Trust 2014-C154.051%, $945,000 par, due 4/15/2047 (1)991,928 
MPLX LP3.375%, $730,000 par, due 3/15/2023 (1)748,608 
Multnomah County School District No 1 Portland/OR0.300%, $3,000,000 par, due 6/30/2022 (1)2,999,730 
Nature Conservancy/The0.467%, $850,000 par, due 7/1/2023 (1)842,856 
Nature Conservancy/The0.367%, $1,100,000 par, due 7/1/2022 (1)1,097,186 
Navient Private Education Refi Loan Trust 2021-E0.970%, $3,351,800 par, due 12/16/2069 (1)3,295,178 
Navient Private Education Refi Loan Trust 2021-G1.580%, $4,740,000 par, due 4/15/2070 (1)4,723,197 
Navient Student Loan Trust 2016-60.853%, $886,192 par, due 3/25/2066 (1)887,670 
Navient Student Loan Trust 2021-10.702%, $3,776,287 par, due 12/26/2069 (1)3,778,444 
NC State Edu Asst Auth0.603%, $68,047 par, due 12/26/2039 (1)67,627 
Nelnet Student Loan Trust 2021-A1.360%, $4,046,249 par, due 4/20/2062 (1)3,975,799 
Nelnet Student Loan Trust 2021-A0.904%, $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 partycollateral, par, or maturing valueCostCurrent value
Nelnet Student Loan Trust 2021-C0.844%, $2,995,622 par, due 4/20/2062 (1)$3,002,706 
Nelnet Student Loan Trust 2021-D0.794%, $5,513,927 par, due 4/20/2062 (1)5,508,716 
Nestle Holdings Inc0.606%, $2,260,000 par, due 9/14/2024 (1)2,228,093 
New York Life Global Funding2.875%, $2,295,000 par, due 4/10/2024 (1)2,388,076 
New York Life Global Funding2.000%, $730,000 par, due 1/22/2025 (1)745,369 
New York State Dormitory Authority0.887%, $1,885,000 par, due 3/15/2025 (1)1,858,949 
NextEra Energy Capital Holdings Inc0.650%, $1,230,000 par, due 3/1/2023 (1)1,227,599 
NIKE Inc2.400%, $615,000 par, due 3/27/2025 (1)636,945 
Nissan Auto Lease Trust 2020-A1.840%, $2,869,561 par, due 1/17/2023 (1)2,878,296 
Nissan Auto Lease Trust 2020-B0.430%, $4,835,000 par, due 10/16/2023 (1)4,835,542 
Nissan Auto Receivables 2018-B Owner Trust3.060%, $48,076 par, due 3/15/2023 (1)48,175 
Nissan Auto Receivables 2019-A Owner Trust2.900%, $814,129 par, due 10/16/2023 (1)819,885 
North Carolina State Education Assistance Auth0.903%, $2,629,230 par, due 7/25/2039 (1)2,640,326 
Northern States Power Co/MN2.600%, $277,000 par, due 5/15/2023 (1)281,116 
Northrop Grumman Corp2.930%, $2,170,000 par, due 1/15/2025 (1)2,261,294 
Northstar Edu Fin Inc0.803%, $953,509 par, due 12/26/2031 (1)953,919 
NorthWestern Corp1.000%, $1,220,000 par, due 3/26/2024 (1)1,193,979 
Northwestern Mutual Global Funding0.800%, $1,420,000 par, due 1/14/2026 (1)1,379,759 
Northwestern Mutual Global Funding0.600%, $830,000 par, due 3/25/2024 (1)819,935 
NTT Finance Corp1.162%, $1,340,000 par, due 4/3/2026 (1)1,315,315 
NTT Finance Corp0.583%, $750,000 par, due 3/1/2024 (1)741,425 
Nutrien Ltd1.900%, $910,000 par, due 5/13/2023 (1)921,702 
Oklahoma Gas and Electric Co0.553%, $710,000 par, due 5/26/2023 (1)705,368 
Oklahoma Water Resources Board1.884%, $2,565,000 par, due 4/1/2024 (1)2,619,096 
Oklahoma Water Resources Board0.700%, $1,610,000 par, due 10/1/2024 (1)1,594,383 
Oncor Electric Delivery Co LLC0.550%, $1,240,000 par, due 10/1/2025 (1)1,194,212 
Oncor Electric Delivery Co LLC2.750%, $2,358,000 par, due 6/1/2024 (1)2,444,631 
Oracle Corp1.650%, $2,180,000 par, due 3/25/2026 (1)2,164,016 
Oracle Corp2.500%, $2,380,000 par, due 4/1/2025 (1)2,436,742 
Oracle Corp2.625%, $700,000 par, due 2/15/2023 (1)712,506 
Otis Worldwide Corp2.056%, $670,000 par, due 4/5/2025 (1)681,413 
Otis Worldwide Corp0.583%, $1,030,000 par, due 4/5/2023 (1)1,030,028 
PA State Higher Ed Asst1.224%, $292,277 par, due 1/25/2028 (1)292,742 
Pacific Life Global Funding II1.200%, $2,335,000 par, due 6/24/2025 (1)2,306,947 
PacifiCorp2.950%, $640,000 par, due 6/1/2023 (1)655,190 
PacifiCorp3.600%, $225,000 par, due 4/1/2024 (1)235,835 
PacifiCorp3.350%, $1,500,000 par, due 7/1/2025 (1)1,582,040 
Packaging Corp of America3.650%, $1,695,000 par, due 9/15/2024 (1)1,790,464 
Parker-Hannifin Corp3.500%, $630,000 par, due 9/15/2022 (1)643,000 
Parker-Hannifin Corp3.300%, $1,440,000 par, due 11/21/2024 (1)1,510,976 
Parker-Hannifin Corp2.700%, $456,000 par, due 6/14/2024 (1)471,197 
PeaceHealth Obligated Group1.375%, $1,715,000 par, due 11/15/2025 (1)1,704,516 
PerkinElmer Inc0.850%, $1,440,000 par, due 9/15/2024 (1)1,419,814 
PerkinElmer Inc0.550%, $1,440,000 par, due 9/15/2023 (1)1,427,943 
Petroleos Mexicanos0.474%, $346,500 par, due 4/15/2025 (1)346,589 
Petroleos Mexicanos0.585%, $1,018,125 par, due 2/15/2024 (1)1,018,531 
Petroleos Mexicanos1.950%, $790,000 par, due 12/20/2022 (1)796,063 
Petroleos Mexicanos1.700%, $1,000,000 par, due 12/20/2022 (1)1,005,909 
PHEAA Student Loan Trust 2016-11.253%, $905,335 par, due 9/25/2065 (1)921,168 
Phillips 660.900%, $830,000 par, due 2/15/2024 (1)823,978 
Phillips 663.700%, $365,000 par, due 4/6/2023 (1)377,350 
Phillips 663.850%, $1,450,000 par, due 4/9/2025 (1)1,546,556 
Pioneer Natural Resources Co0.550%, $570,000 par, due 5/15/2023 (1)567,870 
Pioneer Natural Resources Co0.750%, $1,150,000 par, due 1/15/2024 (1)1,134,590 
Pomona Redevelopment Agency Successor Agency3.632%, $400,000 par, due 2/1/2023 (1)411,532 
Portland Community College District0.572%, $3,445,000 par, due 6/15/2024 (1)3,417,440 
Providence Health & Services Obligated Group4.379%, $1,225,000 par, due 10/1/2023 (1)1,292,408 
PSNH Funding LLC 33.094%, $963,663 par, due 2/1/2026 (1)986,440 
Public Service Electric and Gas Co2.375%, $2,050,000 par, due 5/15/2023 (1)2,086,051 
Public Service Electric and Gas Co3.250%, $1,595,000 par, due 9/1/2023 (1)1,650,709 
Raytheon Technologies Corp3.200%, $330,000 par, due 3/15/2024 (1)343,484 
Raytheon Technologies Corp3.950%, $1,300,000 par, due 8/16/2025 (1)1,410,044 
Raytheon Technologies Corp3.650%, $33,000 par, due 8/16/2023 (1)34,312 
Reckitt Benckiser Treasury Services PLC2.375%, $979,000 par, due 6/24/2022 (1)986,331 
Reckitt Benckiser Treasury Services PLC2.750%, $1,240,000 par, due 6/26/2024 (1)1,281,497 
Regions Financial Corp2.250%, $500,000 par, due 5/18/2025 (1)509,998 
Reliance Industries Ltd1.870%, $171,947 par, due 1/15/2026 (1)174,391 
Reliance Industries Ltd2.444%, $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 partycollateral, par, or maturing valueCostCurrent value
Reliance Industries Ltd2.512%, $1,941,750 par, due 1/15/2026 (1)$1,994,105 
RELX Capital Inc3.500%, $1,410,000 par, due 3/16/2023 (1)1,451,493 
RI State Std Ln Authority0.765%, $392,224 par, due 9/1/2036 (1)390,435 
Rockwall Independent School District4.000%, $2,000,000 par, due 2/15/2025 (1)2,170,000 
Roper Technologies Inc1.000%, $1,070,000 par, due 9/15/2025 (1)1,045,906 
Roper Technologies Inc0.450%, $710,000 par, due 8/15/2022 (1)709,409 
Roper Technologies Inc2.350%, $440,000 par, due 9/15/2024 (1)451,233 
Royal Bank of Canada3.700%, $1,439,000 par, due 10/5/2023 (1)1,509,312 
Royal Bank of Canada0.793%, $1,300,000 par, due 10/5/2023 (1)1,309,814 
Royal Bank of Canada0.750%, $1,660,000 par, due 10/7/2024 (1)1,643,531 
Ryder System Inc2.875%, $1,060,000 par, due 6/1/2022 (1)1,068,125 
Ryder System Inc3.650%, $292,000 par, due 3/18/2024 (1)307,144 
Salvation Army/United States3.396%, $230,000 par, due 9/1/2023 (1)237,336 
San Diego Gas & Electric Co1.914%, $52,577 par, due 2/1/2022 (1)52,616 
SANFORD HEALTH2.396%, $1,250,000 par, due 11/1/2023 (1)1,281,713 
SANFORD HEALTH2.496%, $1,345,000 par, due 11/1/2024 (1)1,391,456 
Santander Retail Auto Lease Trust 2019-C1.860%, $1,636,684 par, due 2/21/2023 (1)1,641,900 
Santander Retail Auto Lease Trust 2020-A1.740%, $5,560,000 par, due 7/20/2023 (1)5,593,238 
Santander Retail Auto Lease Trust 2020-B0.570%, $5,075,000 par, due 4/22/2024 (1)5,056,400 
Santander Retail Auto Lease Trust 2021-A0.510%, $4,295,000 par, due 7/22/2024 (1)4,265,412 
Santander Retail Auto Lease Trust 2021-B0.510%, $5,300,000 par, due 8/20/2024 (1)5,248,500 
Santander Retail Auto Lease Trust 2021-C0.500%, $4,525,000 par, due 3/20/2025 (1)4,489,881 
Sayarra Ltd2.575%, $34,906 par, due 4/14/2022 (1)35,019 
SBA Small Business Investment Cos2.829%, $1,744,521 par, due 9/10/2025 (1)1,785,233 
SBA Small Business Investment Cos2.517%, $288,684 par, due 3/10/2025 (1)292,999 
SBA Small Business Investment Cos3.644%, $11,341 par, due 9/10/2023 (1)11,367 
SBA Small Business Investment Cos2.507%, $1,140,468 par, due 3/10/2026 (1)1,159,583 
SC State Std Ln Corp0.849%, $338,676 par, due 5/1/2030 (1)339,337 
SC State Std Ln Corp0.603%, $641,411 par, due 1/25/2041 (1)637,666 
Schlumberger Finance Canada Ltd2.650%, $680,000 par, due 11/20/2022 (1)690,972 
Schlumberger Investment SA2.400%, $1,808,000 par, due 8/1/2022 (1)1,819,414 
Seasoned Credit Risk Transfer Trust2.500%, $4,015,751 par, due 9/25/2060 (1)4,101,680 
Seasoned Credit Risk Transfer Trust Series 2018-33.500%, $113,153 par, due 8/25/2057 (1)117,392 
Seasoned Credit Risk Transfer Trust Series 2020-22.500%, $3,792,566 par, due 11/25/2059 (1)3,877,144 
Seasoned Credit Risk Transfer Trust Series 2020-32.500%, $1,574,799 par, due 5/25/2060 (1)1,609,824 
Seasoned Credit Risk Transfer Trust Series 2020-32.500%, $2,045,785 par, due 5/25/2060 (1)2,093,502 
Shell International Finance BV0.556%, $1,080,000 par, due 11/13/2023 (1)1,082,848 
Sherwin-Williams Co/The2.750%, $83,000 par, due 6/1/2022 (1)83,571 
Siemens Financieringsmaatschappij NV0.650%, $630,000 par, due 3/11/2024 (1)625,014 
Simon Property Group LP2.750%, $2,500,000 par, due 6/1/2023 (1)2,555,720 
SLCC Student Loan Trust I1.323%, $6,174 par, due 10/25/2027 (1)6,177 
SLM Student Loan Trust 2003-100.873%, $5,905,000 par, due 12/17/2068 (1)5,921,251 
SLM Student Loan Trust 2005-40.244%, $183,230 par, due 1/25/2027 (1)182,816 
SLM Student Loan Trust 2008-91.624%, $368,343 par, due 4/25/2023 (1)370,843 
Southern California Edison Co1.845%, $85,714 par, due 2/1/2022 (1)85,780 
Southern Natural Gas Co LLC0.625%, $375,000 par, due 4/28/2023 (1)372,838 
Southwestern Public Service Co3.300%, $1,051,000 par, due 6/15/2024 (1)1,093,883 
Spire Missouri Inc0.550%, $3,340,000 par, due 12/2/2024 (1)3,340,411 
Starbucks Corp1.300%, $300,000 par, due 5/7/2022 (1)300,980 
State of Hawaii2.255%, $1,500,000 par, due 10/1/2023 (1)1,537,605 
State of Hawaii0.713%, $4,165,000 par, due 8/1/2024 (1)4,130,181 
State of Maine1.250%, $690,000 par, due 6/1/2022 (1)693,450 
State of Maine1.250%, $400,000 par, due 6/1/2023 (1)403,092 
State of New York1.950%, $1,500,000 par, due 2/15/2023 (1)1,522,200 
State of New York0.250%, $2,250,000 par, due 3/15/2022 (1)2,250,090 
State of Utah4.554%, $855,000 par, due 7/1/2024 (1)900,418 
State of Utah3.539%, $1,340,000 par, due 7/1/2025 (1)1,400,622 
State Street Corp2.653%, $1,080,000 par, due 5/15/2023 (1)1,087,855 
State Street Corp3.776%, $63,000 par, due 12/3/2024 (1)66,333 
Student Loan Corp0.924%, $946,700 par, due 4/25/2037 (1)945,157 
Student Loan Corp0.802%, $1,772,146 par, due 7/25/2036 (1)1,767,795 
Sumitomo Mitsui Financial Group Inc0.922%, $1,310,000 par, due 10/16/2023 (1)1,322,030 
Sumitomo Mitsui Financial Group Inc1.474%, $3,019,000 par, due 7/8/2025 (1)3,004,539 
Sumitomo Mitsui Financial Group Inc2.784%, $975,000 par, due 7/12/2022 (1)986,987 
Sutter Health1.321%, $1,040,000 par, due 8/15/2025 (1)1,031,036 
Target Corp2.250%, $760,000 par, due 4/15/2025 (1)783,531 
Texas Tech University System0.938%, $1,250,000 par, due 2/15/2025 (1)1,240,938 
Thermo Fisher Scientific Inc1.215%, $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 partycollateral, par, or maturing valueCostCurrent value
Toronto-Dominion Bank/The0.700%, $3,890,000 par, due 9/10/2024 (1)$3,840,224 
Toronto-Dominion Bank/The3.250%, $497,000 par, due 3/11/2024 (1)519,453 
Toronto-Dominion Bank/The2.650%, $736,000 par, due 6/12/2024 (1)763,572 
Toronto-Dominion Bank/The0.750%, $720,000 par, due 6/12/2023 (1)720,096 
TotalEnergies Capital International SA3.700%, $402,000 par, due 1/15/2024 (1)422,620 
TotalEnergies Capital International SA2.700%, $600,000 par, due 1/25/2023 (1)612,322 
TotalEnergies Capital International SA2.434%, $1,273,000 par, due 1/10/2025 (1)1,312,387 
Towd Point Mortgage Trust 2015-63.500%, $5,482 par, due 4/25/2055 (1)5,477 
Towd Point Mortgage Trust 2016-22.750%, $158,176 par, due 8/25/2055 (1)158,549 
Towd Point Mortgage Trust 2016-32.250%, $51,096 par, due 4/25/2056 (1)51,109 
Towd Point Mortgage Trust 2016-42.250%, $20,357 par, due 7/25/2056 (1)20,424 
Towd Point Mortgage Trust 2017-12.750%, $507,852 par, due 10/25/2056 (1)512,230 
Towd Point Mortgage Trust 2017-22.750%, $180,444 par, due 4/25/2057 (1)181,851 
Towd Point Mortgage Trust 2017-50.692%, $236,636 par, due 2/25/2057 (1)236,513 
Towd Point Mortgage Trust 2017-62.750%, $495,913 par, due 10/25/2057 (1)502,031 
Towd Point Mortgage Trust 2018-13.000%, $226,085 par, due 1/25/2058 (1)228,940 
Towd Point Mortgage Trust 2018-23.250%, $1,794,949 par, due 3/25/2058 (1)1,832,700 
Towd Point Mortgage Trust 2018-33.750%, $1,143,067 par, due 5/25/2058 (1)1,181,905 
Towd Point Mortgage Trust 2019-HY31.102%, $1,701,245 par, due 10/25/2059 (1)1,709,321 
Towd Point Mortgage Trust 2021-12.250%, $4,332,175 par, due 11/25/2061 (1)4,385,296 
Toyota Auto Loan Extended Note Trust 2019-12.560%, $3,565,000 par, due 11/25/2031 (1)3,681,647 
Toyota Auto Loan Extended Note Trust 2020-11.350%, $2,710,000 par, due 5/25/2033 (1)2,703,195 
Toyota Auto Loan Extended Note Trust 2021-11.070%, $2,550,000 par, due 2/27/2034 (1)2,501,961 
Toyota Auto Receivables 2019-A Owner Trust2.910%, $689,037 par, due 7/17/2023 (1)694,417 
Toyota Auto Receivables 2020-C Owner Trust0.360%, $260,640 par, due 2/15/2023 (1)260,651 
Toyota Auto Receivables 2021-D Owner Trust0.710%, $1,995,000 par, due 4/15/2026 (1)1,982,737 
Toyota Motor Credit Corp3.350%, $198,000 par, due 1/8/2024 (1)207,357 
Toyota Motor Credit Corp0.625%, $2,080,000 par, due 9/13/2024 (1)2,051,920 
Toyota Motor Credit Corp1.800%, $1,500,000 par, due 2/13/2025 (1)1,523,052 
Toyota Motor Credit Corp3.000%, $1,100,000 par, due 4/1/2025 (1)1,154,497 
Trane Technologies Luxembourg Finance SA3.550%, $400,000 par, due 11/1/2024 (1)422,882 
Transportation Finance Equipment Trust 2019-11.850%, $2,364,856 par, due 4/24/2023 (1)2,376,947 
Truist Bank3.200%, $315,000 par, due 4/1/2024 (1)329,787 
Truist Financial Corp2.200%, $2,105,000 par, due 3/16/2023 (1)2,140,541 
TSMC Arizona Corp1.750%, $2,400,000 par, due 10/25/2026 (1)2,402,515 
TSMC Global Ltd1.250%, $660,000 par, due 4/23/2026 (1)646,870 
TSMC Global Ltd0.750%, $2,220,000 par, due 9/28/2025 (1)2,145,763 
Tyco Electronics Group SA3.450%, $440,000 par, due 8/1/2024 (1)461,374 
UBS AG/London0.700%, $1,800,000 par, due 8/9/2024 (1)1,779,462 
UBS Commercial Mortgage Trust 2012-C13.400%, $7,075 par, due 5/10/2045 (1)7,069 
UBS Group AG1.384%, $1,297,000 par, due 5/23/2023 (1)1,302,224 
UBS Group AG1.008%, $780,000 par, due 7/30/2024 (1)777,585 
UBS-Barclays Commercial Mortgage Trust 2012-C33.091%, $3,195,449 par, due 8/10/2049 (1)3,218,763 
UBS-Barclays Commercial Mortgage Trust 2012-C42.459%, $204,087 par, due 12/10/2045 (1)204,615 
UBS-Barclays Commercial Mortgage Trust 2012-C42.850%, $630,000 par, due 12/10/2045 (1)634,610 
Unilever Capital Corp0.626%, $730,000 par, due 8/12/2024 (1)725,597 
Union Pacific Corp4.163%, $27,000 par, due 7/15/2022 (1)27,265 
Union Pacific Corp3.150%, $94,000 par, due 3/1/2024 (1)97,995 
Union Pacific Corp2.950%, $700,000 par, due 3/1/2022 (1)702,517 
Union Pacific Corp3.750%, $730,000 par, due 3/15/2024 (1)767,434 
Union Pacific Corp3.500%, $1,822,000 par, due 6/8/2023 (1)1,884,753 
United Parcel Service Inc3.900%, $880,000 par, due 4/1/2025 (1)950,008 
United States Small Business Administration4.760%, $557,175 par, due 9/1/2025 (1)572,376 
United States Small Business Administration1.880%, $64,891 par, due 3/1/2025 (1)65,614 
United States Small Business Administration5.630%, $585,105 par, due 10/1/2028 (1)633,767 
United States Small Business Administration5.510%, $140,198 par, due 11/1/2027 (1)151,120 
United States Small Business Administration6.770%, $197,376 par, due 11/1/2028 (1)217,756 
United States Small Business Administration5.290%, $425,906 par, due 12/1/2027 (1)462,727 
United States Small Business Administration5.720%, $123,952 par, due 1/1/2029 (1)133,660 
United States Treasury Note/Bond0.250%, $31,700,000 par, due 6/30/2025 (1)30,808,438 
United States Treasury Note/Bond1.750%, $100,875,000 par, due 12/31/2024 (1)103,203,800 
United States Treasury Note/Bond0.625%, $30,000,000 par, due 10/15/2024 (1)29,763,270 
United States Treasury Note/Bond0.250%, $27,750,000 par, due 11/15/2023 (1)27,524,531 
United States Treasury Note/Bond0.125%, $4,000,000 par, due 10/15/2023 (1)3,960,468 
United States Treasury Note/Bond0.375%, $7,775,000 par, due 4/15/2024 (1)7,698,463 
United States Treasury Note/Bond0.375%, $15,600,000 par, due 9/15/2024 (1)15,383,066 
United States Treasury Note/Bond0.500%, $23,300,000 par, due 3/31/2025 (1)22,920,466 
United States Treasury Note/Bond0.125%, $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 partycollateral, par, or maturing valueCostCurrent value
United States Treasury Note/Bond0.750%, $16,000,000 par, due 11/15/2024 (1)$15,913,744 
United States Treasury Note/Bond0.125%, $30,625,000 par, due 12/15/2023 (1)30,276,886 
UnitedHealth Group Inc3.500%, $1,147,000 par, due 6/15/2023 (1)1,193,002 
UnitedHealth Group Inc3.500%, $1,390,000 par, due 2/15/2024 (1)1,465,120 
University of Michigan1.004%, $2,710,000 par, due 4/1/2025 (1)2,693,306 
US Bancorp3.375%, $292,000 par, due 2/5/2024 (1)306,140 
Utah State Board of Regents0.868%, $523,010 par, due 12/26/2031 (1)524,344 
Ventas Realty LP2.650%, $430,000 par, due 1/15/2025 (1)443,138 
Verizon Communications Inc3.376%, $1,400,000 par, due 2/15/2025 (1)1,489,811 
Verizon Master Trust0.500%, $6,690,000 par, due 5/20/2027 (1)6,603,666 
Verizon Master Trust0.990%, $7,045,000 par, due 4/20/2028 (1)7,010,937 
Verizon Owner Trust 2018-A3.230%, $15,914 par, due 4/20/2023 (1)15,939 
Verizon Owner Trust 2019-A2.930%, $714,291 par, due 9/20/2023 (1)718,203 
Verizon Owner Trust 2019-B2.330%, $1,848,510 par, due 12/20/2023 (1)1,860,882 
Verizon Owner Trust 2020-A1.850%, $7,875,000 par, due 7/22/2024 (1)7,934,015 
Verizon Owner Trust 2020-B0.470%, $6,240,000 par, due 2/20/2025 (1)6,223,433 
Verizon Owner Trust 2020-C0.410%, $3,095,000 par, due 4/21/2025 (1)3,080,843 
Vermont Std Asst Corp0.803%, $556,093 par, due 7/28/2034 (1)553,807 
Virginia Electric and Power Co3.450%, $593,000 par, due 2/15/2024 (1)618,026 
Volkswagen Auto Lease Trust 2019-A1.990%, $642,146 par, due 11/21/2022 (1)643,379 
Volkswagen Auto Loan Enhanced Trust 2018-23.250%, $97,984 par, due 4/20/2023 (1)98,349 
Volkswagen Auto Loan Enhanced Trust 2021-11.020%, $3,890,000 par, due 6/22/2026 (1)3,889,837 
Volkswagen Group of America Finance LLC3.350%, $750,000 par, due 5/13/2025 (1)789,405 
Volkswagen Group of America Finance LLC2.700%, $880,000 par, due 9/26/2022 (1)892,726 
Volvo Financial Equipment LLC Series 2019-22.040%, $2,185,141 par, due 11/15/2023 (1)2,198,870 
Vulcan Materials Co4.500%, $1,308,000 par, due 4/1/2025 (1)1,419,176 
Walt Disney Co/The3.350%, $2,460,000 par, due 3/24/2025 (1)2,617,398 
WEC Energy Group Inc3.550%, $206,000 par, due 6/15/2025 (1)218,208 
WEC Energy Group Inc0.800%, $2,660,000 par, due 3/15/2024 (1)2,633,185 
*Wells Fargo Commercial Mortgage Trust 2013-LC124.218%, $607,000 par, due 7/15/2046 (1)628,542 
Welltower Inc3.625%, $2,496,000 par, due 3/15/2024 (1)2,625,478 
Westpac Banking Corp0.950%, $1,190,000 par, due 2/26/2024 (1)1,204,479 
Westpac Banking Corp1.019%, $380,000 par, due 11/18/2024 (1)379,070 
WFRBS Commercial Mortgage Trust 2012-C102.875%, $1,850,000 par, due 12/15/2045 (1)1,870,905 
WFRBS Commercial Mortgage Trust 2012-C102.453%, $161,151 par, due 12/15/2045 (1)161,920 
WFRBS Commercial Mortgage Trust 2013-C122.838%, $64,253 par, due 3/15/2048 (1)64,941 
WFRBS Commercial Mortgage Trust 2013-C174.023%, $382,000 par, due 12/15/2046 (1)397,785 
Williams Cos Inc/The3.900%, $1,400,000 par, due 1/15/2025 (1)1,488,179 
Windermere Aviation LLC2.351%, $578,878 par, due 5/27/2026 (1)593,945 
World Omni Auto Lease Sec Trust 2021-A0.420%, $2,250,000 par, due 8/15/2024 (1)2,230,043 
World Omni Auto Receivables Trust1.100%, $6,860,844 par, due 4/15/2025 (1)6,885,509 
World Omni Auto Receivables Trust 2018-B2.870%, $172,592 par, due 7/17/2023 (1)172,997 
World Omni Auto Receivables Trust 2018-C3.130%, $515,363 par, due 11/15/2023 (1)518,074 
World Omni Auto Receivables Trust 2019-C1.960%, $3,467,627 par, due 12/16/2024 (1)3,491,893 
World Omni Auto Receivables Trust 2020-C0.480%, $7,820,000 par, due 11/17/2025 (1)7,800,755 
World Omni Auto Receivables Trust 2021-D0.810%, $3,895,000 par, due 10/15/2026 (1)3,872,974 
World Omni Automobile Lease Sec Trust 2019-B2.030%, $911,284 par, due 11/15/2022 (1)912,385 
World Omni Select Auto Trust 2019-A2.000%, $2,614,816 par, due 8/15/2024 (1)2,624,643 
World Omni Select Auto Trust 2020-A0.470%, $740,695 par, due 6/17/2024 (1)740,860 
WRKCo Inc3.000%, $720,000 par, due 9/15/2024 (1)750,740 
Yale University0.873%, $3,670,000 par, due 4/15/2025 (1)3,634,111 
BlackRock Treasury Trust Fund53,069,326 shares(1)53,069,326 
1,589,639,895 
Accrued income receivable3,586,035 
Payable for securities purchased on a forward
commitment basis(90,646,913)
Receivable for securities sold on a forward
commitment basis45,391,102 
Receivable for investment payments due14,792,487 
Payable for investment payments due(15,410,172)
Total1,547,352,434 
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 America2.11%(1)— 
Royal Bank of Canada1.79%(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 partycollateral, par, or maturing valueCostCurrent value
Transamerica Premier Life Ins. Co.1.98%(1)$— 
Voya Ins. and Annuity Co.1.76%(1)— 
3M Co2.000%, $1,240,000 par, due 2/14/2025 (1)1,268,986 
7-Eleven Inc0.950%, $690,000 par, due 2/10/2026 (1)668,498 
AbbVie Inc2.950%, $1,120,000 par, due 11/21/2026 (1)1,180,859 
AbbVie Inc3.200%, $720,000 par, due 11/21/2029 (1)770,539 
AbbVie Inc3.800%, $1,170,000 par, due 3/15/2025 (1)1,245,897 
AbbVie Inc2.600%, $3,370,000 par, due 11/21/2024 (1)3,497,672 
Access Group Inc 2013-10.602%, $467,927 par, due 2/25/2036 (1)460,977 
Advocate Health & Hospitals Corp2.211%, $1,555,000 par, due 6/15/2030 (1)1,558,878 
AEP Texas Inc2.400%, $417,000 par, due 10/1/2022 (1)422,019 
Agilent Technologies Inc2.100%, $650,000 par, due 6/4/2030 (1)636,990 
Agilent Technologies Inc2.750%, $1,020,000 par, due 9/15/2029 (1)1,053,948 
AIG Global Funding0.900%, $2,020,000 par, due 9/22/2025 (1)1,961,331 
Alabama Federal Aid Highway Finance Authority2.256%, $1,520,000 par, due 9/1/2033 (1)1,524,834 
Alexandria Real Estate Equities Inc4.300%, $780,000 par, due 1/15/2026 (1)854,569 
Alexandria Real Estate Equities Inc3.800%, $1,010,000 par, due 4/15/2026 (1)1,093,436 
Alexandria Real Estate Equities Inc3.450%, $1,600,000 par, due 4/30/2025 (1)1,698,216 
Alliant Energy Finance LLC3.750%, $884,000 par, due 6/15/2023 (1)915,734 
American Express Co3.400%, $1,000,000 par, due 2/22/2024 (1)1,048,863 
American Express Co1.650%, $1,440,000 par, due 11/4/2026 (1)1,443,591 
American Honda Finance Corp3.450%, $766,000 par, due 7/14/2023 (1)797,360 
American Honda Finance Corp2.400%, $990,000 par, due 6/27/2024 (1)1,019,912 
Amphenol Corp3.200%, $1,335,000 par, due 4/1/2024 (1)1,388,041 
Amphenol Corp2.200%, $850,000 par, due 9/15/2031 (1)831,714 
Amphenol Corp4.350%, $440,000 par, due 6/1/2029 (1)500,386 
Anglo American Capital PLC3.625%, $200,000 par, due 9/11/2024 (1)209,982 
Anglo American Capital PLC2.250%, $340,000 par, due 3/17/2028 (1)334,165 
Anglo American Capital PLC4.875%, $1,240,000 par, due 5/14/2025 (1)1,351,999 
Anheuser-Busch InBev Worldwide Inc4.750%, $1,200,000 par, due 1/23/2029 (1)1,397,860 
Anheuser-Busch InBev Worldwide Inc3.650%, $1,070,000 par, due 2/1/2026 (1)1,149,352 
Apple Inc1.125%, $115,000 par, due 5/11/2025 (1)114,688 
Apple Inc3.000%, $2,400,000 par, due 2/9/2024 (1)2,500,747 
Archer-Daniels-Midland Co3.250%, $970,000 par, due 3/27/2030 (1)1,055,381 
Ascension Health2.532%, $2,498,000 par, due 11/15/2029 (1)2,595,057 
Astrazeneca Finance LLC1.200%, $860,000 par, due 5/28/2026 (1)849,449 
AT&T Inc4.500%, $870,000 par, due 5/15/2035 (1)1,006,406 
AT&T Inc1.381%, $320,000 par, due 6/12/2024 (1)324,056 
AT&T Inc2.250%, $2,730,000 par, due 2/1/2032 (1)2,641,305 
AT&T Inc1.700%, $2,140,000 par, due 3/25/2026 (1)2,130,085 
AvalonBay Communities Inc3.450%, $560,000 par, due 6/1/2025 (1)594,550 
BAE Systems Holdings Inc3.800%, $1,000,000 par, due 10/7/2024 (1)1,062,162 
BAE Systems Holdings Inc3.850%, $1,200,000 par, due 12/15/2025 (1)1,286,759 
Baker Hughes a GE Co LLC2.773%, $1,318,000 par, due 12/15/2022 (1)1,344,177 
BAKER HUGHES LLC/CO-OBL2.061%, $940,000 par, due 12/15/2026 (1)949,158 
Bank of America Corp4.271%, $2,180,000 par, due 7/23/2029 (1)2,432,503 
Bank of America Corp3.864%, $193,000 par, due 7/23/2024 (1)201,098 
Bank of America Corp3.458%, $1,700,000 par, due 3/15/2025 (1)1,778,185 
Bank of America Corp2.456%, $620,000 par, due 10/22/2025 (1)636,919 
Bank of America Corp2.015%, $1,740,000 par, due 2/13/2026 (1)1,763,095 
Bank of America Corp1.530%, $5,270,000 par, due 12/6/2025 (1)5,282,595 
Bank of America Corp1.319%, $2,020,000 par, due 6/19/2026 (1)1,999,430 
Bank of America Corp1.197%, $1,510,000 par, due 10/24/2026 (1)1,480,585 
Bank of America Corp1.734%, $3,220,000 par, due 7/22/2027 (1)3,198,384 
Bank of Montreal3.300%, $2,181,000 par, due 2/5/2024 (1)2,282,360 
Bank of Montreal1.250%, $1,245,000 par, due 9/15/2026 (1)1,219,104 
Bank of Nova Scotia/The3.400%, $2,269,000 par, due 2/11/2024 (1)2,381,061 
Bank of Nova Scotia/The2.200%, $2,300,000 par, due 2/3/2025 (1)2,353,832 
Bank of Nova Scotia/The4.500%, $210,000 par, due 12/16/2025 (1)230,785 
Baxter International Inc3.950%, $385,000 par, due 4/1/2030 (1)429,055 
Baxter International Inc1.915%, $2,120,000 par, due 2/1/2027 (1)2,129,101 
Baxter International Inc1.322%, $1,370,000 par, due 11/29/2024 (1)1,368,396 
Bayer US Finance II LLC4.375%, $1,200,000 par, due 12/15/2028 (1)1,341,409 
Bayer US Finance II LLC4.250%, $790,000 par, due 12/15/2025 (1)854,850 
Bayer US Finance II LLC3.875%, $556,000 par, due 12/15/2023 (1)581,100 
Black Hills Corp4.250%, $710,000 par, due 11/30/2023 (1)745,631 
Black Hills Corp3.150%, $1,544,000 par, due 1/15/2027 (1)1,606,886 
BMW US Capital LLC3.150%, $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 partycollateral, par, or maturing valueCostCurrent value
BNP Paribas SA4.400%, $1,510,000 par, due 8/14/2028 (1)$1,693,646 
BNP Paribas SA4.705%, $1,283,000 par, due 1/10/2025 (1)1,366,109 
BNP Paribas Sec Corp1.675%, $810,000 par, due 6/30/2027 (1)796,791 
Boeing Co/The2.700%, $1,420,000 par, due 2/1/2027 (1)1,444,714 
Boeing Co/The5.040%, $270,000 par, due 5/1/2027 (1)304,203 
Boeing Co/The5.150%, $1,780,000 par, due 5/1/2030 (1)2,075,804 
Boston Properties LP3.125%, $165,000 par, due 9/1/2023 (1)169,740 
Boston Properties LP3.650%, $1,550,000 par, due 2/1/2026 (1)1,661,296 
Boston Properties LP2.750%, $1,150,000 par, due 10/1/2026 (1)1,197,287 
BP Capital Markets America Inc3.790%, $678,000 par, due 2/6/2024 (1)713,829 
BP Capital Markets America Inc3.796%, $600,000 par, due 9/21/2025 (1)647,804 
BP Capital Markets PLC3.814%, $560,000 par, due 2/10/2024 (1)590,167 
BP Capital Markets PLC3.279%, $865,000 par, due 9/19/2027 (1)929,868 
Brazos Education Loan Authority0.831%, $3,125,000 par, due 1/25/2072 (1)3,125,000 
Brazos Education Loan Authority Inc0.683%, $5,817,848 par, due 11/25/2071 (1)5,816,230 
Bristol-Myers Squibb Co2.900%, $1,697,000 par, due 7/26/2024 (1)1,776,136 
Brown-Forman Corp3.500%, $950,000 par, due 4/15/2025 (1)1,012,387 
Burlington Northern Santa Fe LLC3.400%, $1,840,000 par, due 9/1/2024 (1)1,940,032 
Campbell Union High School District2.312%, $1,430,000 par, due 8/1/2035 (1)1,412,840 
Canadian Natural Resources Ltd2.950%, $1,320,000 par, due 1/15/2023 (1)1,345,213 
Canadian Pacific Railway Co2.900%, $460,000 par, due 2/1/2025 (1)478,597 
Canadian Pacific Railway Co4.500%, $775,000 par, due 1/15/2022 (1)775,915 
Canadian Pacific Railway Co1.750%, $1,090,000 par, due 12/2/2026 (1)1,095,550 
Capital One Bank USA NA2.280%, $930,000 par, due 1/28/2026 (1)947,442 
Capital One Financial Corp1.878%, $1,595,000 par, due 11/2/2027 (1)1,587,807 
Capital One Financial Corp3.900%, $650,000 par, due 1/29/2024 (1)684,119 
Cargill Inc2.125%, $755,000 par, due 4/23/2030 (1)747,414 
Carmax Auto Owner Trust 2018-43.360%, $551,301 par, due 9/15/2023 (1)555,193 
Carrier Global Corp2.493%, $2,870,000 par, due 2/15/2027 (1)2,950,231 
Caterpillar Financial Services Corp2.850%, $985,000 par, due 5/17/2024 (1)1,028,483 
Cedars-Sinai Health System2.288%, $1,540,000 par, due 8/15/2031 (1)1,538,454 
Charles Schwab Corp/The2.000%, $1,470,000 par, due 3/20/2028 (1)1,490,667 
Cherokee County Board of Education5.626%, $1,000,000 par, due 8/1/2028 (1)1,207,390 
Chevron Corp1.995%, $390,000 par, due 5/11/2027 (1)396,093 
Chevron Corp1.554%, $90,000 par, due 5/11/2025 (1)90,801 
Children's Hospital Medical Center/Cincinnati OH2.853%, $1,775,000 par, due 11/15/2026 (1)1,842,878 
CHRISTUS Health4.341%, $1,500,000 par, due 7/1/2028 (1)1,698,626 
Cigna Corp3.750%, $375,000 par, due 7/15/2023 (1)390,001 
Cintas Corp No 23.250%, $780,000 par, due 6/1/2022 (1)783,273 
Cintas Corp No 23.700%, $850,000 par, due 4/1/2027 (1)930,458 
Citigroup Inc3.200%, $1,300,000 par, due 10/21/2026 (1)1,378,364 
Citigroup Inc3.352%, $1,144,000 par, due 4/24/2025 (1)1,194,720 
Citigroup Inc3.400%, $760,000 par, due 5/1/2026 (1)815,351 
Citigroup Inc0.981%, $910,000 par, due 5/1/2025 (1)902,990 
Citigroup Inc3.520%, $500,000 par, due 10/27/2028 (1)536,714 
Citigroup Inc1.281%, $805,000 par, due 11/3/2025 (1)803,015 
Citigroup Inc4.044%, $1,325,000 par, due 6/1/2024 (1)1,381,025 
Citigroup Inc2.572%, $2,050,000 par, due 6/3/2031 (1)2,069,877 
Citigroup Inc3.668%, $880,000 par, due 7/24/2028 (1)949,748 
Citigroup Inc3.142%, $370,000 par, due 1/24/2023 (1)370,469 
Citizens Bank NA/Providence RI3.700%, $1,720,000 par, due 3/29/2023 (1)1,774,447 
Citizens Bank NA/Providence RI3.750%, $260,000 par, due 2/18/2026 (1)280,255 
City & County of Honolulu HI3.753%, $425,000 par, due 9/1/2030 (1)479,774 
City of Atlanta GA2.288%, $2,885,000 par, due 12/1/2033 (1)2,901,329 
City of Boston MA4.400%, $925,000 par, due 4/1/2026 (1)927,479 
City of Chandler AZ Excise Tax Revenue2.007%, $1,840,000 par, due 7/1/2030 (1)1,851,831 
City of Chicago IL6.050%, $230,000 par, due 1/1/2029 (1)250,470 
City of El Paso TX Water & Sewer Revenue1.435%, $2,455,000 par, due 3/1/2027 (1)2,453,552 
City of Houston TX3.725%, $735,000 par, due 3/1/2030 (1)814,946 
City of Phoenix Civic Improvement Corp1.455%, $835,000 par, due 7/1/2028 (1)820,312 
City of Worcester MA6.250%, $1,030,000 par, due 1/1/2028 (1)1,175,683 
CLEVELAND CLINIC HEALTH SYSTEM2.885%, $3,475,000 par, due 1/1/2032 (1)3,684,994 
Clorox Co/The3.100%, $1,200,000 par, due 10/1/2027 (1)1,274,359 
Clovis Unified School District2.228%, $2,620,000 par, due 8/1/2030 (1)2,655,239 
Coast Community College District2.788%, $3,610,000 par, due 8/1/2033 (1)3,855,661 
Comcast Corp3.950%, $1,570,000 par, due 10/15/2025 (1)1,714,782 
Comcast Corp3.400%, $750,000 par, due 4/1/2030 (1)819,346 
Comerica Inc3.700%, $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 partycollateral, par, or maturing valueCostCurrent value
COMM 2012-LC4 A4 9.6-Yr CMBS3.288%, $261,658 par, due 12/10/2044 (1)$261,524 
COMM 2013-CCRE11 Mortgage Trust4.258%, $3,900,000 par, due 8/10/2050 (1)4,083,838 
Comm 2013-CCRE13 Mortgage Trust4.194%, $990,000 par, due 11/10/2046 (1)1,038,672 
COMM 2013-CCRE6 Mortgage Trust3.101%, $2,880,000 par, due 3/10/2046 (1)2,908,924 
COMM 2013-CCRE7 Mortgage Trust3.213%, $463,611 par, due 3/10/2046 (1)471,714 
COMM 2013-CCRE8 Mortgage Trust3.612%, $2,165,000 par, due 6/10/2046 (1)2,228,173 
COMM 2013-LC6 Mortgage Trust2.941%, $751,857 par, due 1/10/2046 (1)761,114 
COMM 2014-CCRE17 Mortgage Trust3.977%, $2,355,000 par, due 5/10/2047 (1)2,485,326 
COMM 2014-CCRE18 Mortgage Trust3.828%, $4,505,000 par, due 7/15/2047 (1)4,741,008 
COMM 2014-CCRE19 Mortgage Trust3.796%, $2,420,133 par, due 8/10/2047 (1)2,553,574 
COMM 2014-CR14 Mortgage Trust4.236%, $6,235,000 par, due 2/10/2047 (1)6,550,142 
Commonwealth of Massachusetts5.456%, $1,500,000 par, due 12/1/2039 (1)2,044,890 
Commonwealth of Pennsylvania4.650%, $750,000 par, due 2/15/2026 (1)806,970 
ConocoPhillips3.750%, $750,000 par, due 10/1/2027 (1)822,657 
ConocoPhillips4.300%, $650,000 par, due 8/15/2028 (1)730,559 
Cooperatieve Rabobank UA3.875%, $300,000 par, due 9/26/2023 (1)314,840 
Cooperatieve Rabobank UA2.625%, $535,000 par, due 7/22/2024 (1)552,451 
Cooperatieve Rabobank UA1.004%, $870,000 par, due 9/24/2026 (1)847,015 
Cooperative Rabobank UA1.980%, $3,080,000 par, due 12/15/2027 (1)3,082,735 
Corporate Action Adjustment0.001%, $0 par, due 1/31/3100 (1)— 
Coterra Energy Inc3.900%, $640,000 par, due 5/15/2027 (1)688,181 
County of Baltimore MD2.847%, $550,000 par, due 8/1/2026 (1)586,707 
County of Bexar TX2.171%, $2,090,000 par, due 6/15/2032 (1)2,101,265 
County of Cumberland ME5.000%, $1,560,000 par, due 12/1/2026 (1)1,827,212 
County of Cuyahoga OH2.141%, $1,000,000 par, due 12/1/2027 (1)1,033,570 
County of Lee County FL Water & Sewer Revenue2.416%, $2,140,000 par, due 10/1/2028 (1)2,245,523 
County of Monroe PA2.470%, $2,175,000 par, due 12/15/2025 (1)2,251,843 
County of Spokane WA2.828%, $875,000 par, due 12/1/2032 (1)927,071 
County of Spokane WA2.728%, $950,000 par, due 12/1/2031 (1)1,003,485 
County of Spokane WA2.728%, $245,000 par, due 12/1/2031 (1)268,371 
Credit Suisse Group AG1.305%, $410,000 par, due 2/2/2027 (1)396,126 
Credit Suisse Group AG3.574%, $700,000 par, due 1/9/2023 (1)700,198 
Credit Suisse Group AG3.869%, $340,000 par, due 1/12/2029 (1)364,214 
Credit Suisse Group AG2.593%, $640,000 par, due 9/11/2025 (1)653,675 
Credit Suisse Group AG2.997%, $816,000 par, due 12/14/2023 (1)829,204 
Credit Suisse Group AG4.207%, $950,000 par, due 6/12/2024 (1)988,534 
CRH America Finance Inc3.400%, $410,000 par, due 5/9/2027 (1)437,870 
CRH America Finance Inc3.950%, $370,000 par, due 4/4/2028 (1)408,041 
CRH America Inc3.875%, $740,000 par, due 5/18/2025 (1)790,843 
Crowley Conro LLC4.181%, $1,469,791 par, due 8/15/2043 (1)1,707,917 
CubeSmart LP2.250%, $460,000 par, due 12/15/2028 (1)460,476 
CVS Health Corp4.300%, $421,000 par, due 3/25/2028 (1)472,787 
CVS Health Corp3.000%, $400,000 par, due 8/15/2026 (1)422,611 
CVS Health Corp1.300%, $2,530,000 par, due 8/21/2027 (1)2,454,381 
CVS Health Corp3.500%, $340,000 par, due 7/20/2022 (1)343,803 
Daimler Finance North America LLC3.350%, $150,000 par, due 2/22/2023 (1)154,173 
Daimler Finance North America LLC2.125%, $2,040,000 par, due 3/10/2025 (1)2,078,882 
Daimler Finance North America LLC2.700%, $1,640,000 par, due 6/14/2024 (1)1,695,314 
Daimler Trucks Finance North America LLC2.000%, $2,000,000 par, due 12/14/2026 (1)2,009,774 
Danone SA2.589%, $1,760,000 par, due 11/2/2023 (1)1,804,567 
Denver City & County School District No 13.587%, $1,255,000 par, due 12/1/2032 (1)1,375,718 
Diageo Capital PLC2.125%, $380,000 par, due 10/24/2024 (1)388,625 
Diageo Capital PLC2.000%, $620,000 par, due 4/29/2030 (1)614,095 
Digital Realty Trust LP4.750%, $580,000 par, due 10/1/2025 (1)642,348 
Digital Realty Trust LP4.450%, $990,000 par, due 7/15/2028 (1)1,116,687 
Dominion Energy South Carolina Inc2.300%, $930,000 par, due 12/1/2031 (1)938,332 
DTE Electric Co2.250%, $220,000 par, due 3/1/2030 (1)220,798 
DTE Electric Co2.625%, $950,000 par, due 3/1/2031 (1)978,630 
Duke Energy Carolinas LLC2.500%, $1,073,000 par, due 3/15/2023 (1)1,090,859 
Duke Energy Carolinas LLC2.550%, $1,230,000 par, due 4/15/2031 (1)1,264,112 
Duke Energy Florida LLC2.400%, $730,000 par, due 12/15/2031 (1)739,268 
Duke Energy Progress LLC2.000%, $2,020,000 par, due 8/15/2031 (1)1,975,582 
Duke Energy Progress LLC3.700%, $730,000 par, due 9/1/2028 (1)800,321 
Duke Energy Progress LLC3.450%, $350,000 par, due 3/15/2029 (1)378,013 
Duke Realty LP4.000%, $1,020,000 par, due 9/15/2028 (1)1,139,563 
Duke Realty LP3.750%, $1,820,000 par, due 12/1/2024 (1)1,929,862 
Duke Realty LP3.250%, $1,200,000 par, due 6/30/2026 (1)1,274,372 
Duke University3.199%, $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 partycollateral, par, or maturing valueCostCurrent value
Duke University Health System Inc2.552%, $2,674,000 par, due 6/1/2029 (1)$2,710,382 
DuPont de Nemours Inc4.493%, $770,000 par, due 11/15/2025 (1)851,199 
DuPont de Nemours Inc4.725%, $2,610,000 par, due 11/15/2028 (1)3,025,405 
DUS 7Y1MO 1YIO1.990%, $6,300,000 par, due 8/1/2028 (1)6,428,955 
East Ohio Gas Co/The1.300%, $617,000 par, due 6/15/2025 (1)608,793 
ECMC Group Student Loan Trust 2021-10.672%, $3,154,887 par, due 11/25/2070 (1)3,153,483 
Ecolab Inc4.800%, $1,080,000 par, due 3/24/2030 (1)1,298,352 
Ecolab Inc1.650%, $715,000 par, due 2/1/2027 (1)718,620 
EdLinc Student Loan Funding Trust 2012-11.103%, $123,809 par, due 9/25/2030 (1)124,228 
Edsouth Indenture No 2 LLC1.253%, $58,327 par, due 9/25/2040 (1)58,666 
Edsouth Indenture No 3 LLC0.833%, $404,800 par, due 4/25/2039 (1)403,705 
Edu Fund of South0.774%, $556,227 par, due 4/25/2035 (1)557,459 
Edu Fund of South1.152%, $1,820,893 par, due 3/25/2036 (1)1,830,203 
EMD Finance LLC3.250%, $2,210,000 par, due 3/19/2025 (1)2,326,429 
Emerson Electric Co1.950%, $455,000 par, due 10/15/2030 (1)449,269 
Emerson Electric Co2.000%, $2,975,000 par, due 12/21/2028 (1)2,972,218 
Entergy Arkansas LLC4.000%, $1,300,000 par, due 6/1/2028 (1)1,442,981 
Entergy Arkansas LLC3.050%, $1,537,000 par, due 6/1/2023 (1)1,574,955 
Entergy Arkansas LLC3.500%, $1,610,000 par, due 4/1/2026 (1)1,723,080 
Enterprise Products Operating LLC2.800%, $880,000 par, due 1/31/2030 (1)918,414 
Enterprise Products Operating LLC3.500%, $99,000 par, due 2/1/2022 (1)99,218 
Enterprise Products Operating LLC3.750%, $420,000 par, due 2/15/2025 (1)446,440 
Equifax Inc2.600%, $730,000 par, due 12/1/2024 (1)754,762 
Equifax Inc3.950%, $905,000 par, due 6/15/2023 (1)940,600 
Equinor ASA3.000%, $990,000 par, due 4/6/2027 (1)1,044,960 
Equinor ASA1.750%, $200,000 par, due 1/22/2026 (1)201,313 
Ethiopian Leasing 2012 LLC2.566%, $542,453 par, due 8/14/2026 (1)562,361 
Ethiopian Leasing 2012 LLC2.646%, $829,250 par, due 5/12/2026 (1)855,724 
Evergy Kansas Central Inc3.100%, $2,600,000 par, due 4/1/2027 (1)2,744,102 
Evergy Metro Inc2.250%, $1,080,000 par, due 6/1/2030 (1)1,074,962 
EXIM Bank of the United States1.732%, $1,743,743 par, due 9/18/2024 (1)1,762,905 
Experian Finance PLC4.250%, $600,000 par, due 2/1/2029 (1)666,657 
Exxon Mobil Corp2.992%, $1,470,000 par, due 3/19/2025 (1)1,545,460 
Fannie Mae Grantor Trust 2002-T167.000%, $53,061 par, due 7/25/2042 (1)62,564 
Fannie Mae Grantor Trust 2002-T187.000%, $25,310 par, due 8/25/2042 (1)30,144 
Fannie Mae Grantor Trust 2004-T36.000%, $139,727 par, due 2/25/2044 (1)157,481 
Fannie Mae or Freddie Mac2.500%, $9,995,000 par, due 2/1/2052 (1)10,179,328 
Fannie Mae or Freddie Mac2.500%, $9,995,000 par, due 1/1/2051 (1)10,202,316 
Fannie Mae Pool2.080%, $6,380,000 par, due 10/1/2026 (1)6,563,757 
Fannie Mae Pool2.190%, $5,050,000 par, due 11/1/2026 (1)5,208,388 
Fannie Mae Pool1.390%, $2,320,000 par, due 11/1/2028 (1)2,292,921 
Fannie Mae Pool1.390%, $2,140,000 par, due 11/1/2028 (1)2,115,022 
Fannie Mae Pool1.390%, $2,050,000 par, due 11/1/2028 (1)2,026,072 
Fannie Mae Pool2.840%, $2,844,538 par, due 1/1/2027 (1)3,001,610 
Fannie Mae Pool2.760%, $1,325,849 par, due 5/1/2025 (1)1,381,268 
Fannie Mae Pool2.730%, $1,592,332 par, due 1/1/2023 (1)1,610,923 
Fannie Mae Pool3.081%, $518,255 par, due 11/1/2022 (1)519,678 
Fannie Mae Pool2.730%, $1,683,327 par, due 9/1/2023 (1)1,720,449 
Fannie Mae Pool3.080%, $1,083,983 par, due 1/1/2026 (1)1,148,001 
Fannie Mae Pool3.070%, $1,161,862 par, due 2/1/2026 (1)1,226,472 
Fannie Mae Pool2.190%, $2,334,239 par, due 7/1/2023 (1)2,369,675 
Fannie Mae Pool2.613%, $716,948 par, due 11/1/2022 (1)718,068 
Fannie Mae Pool2.500%, $1,681,856 par, due 5/1/2023 (1)1,699,731 
Fannie Mae Pool4.000%, $430,938 par, due 1/1/2041 (1)468,770 
Fannie Mae Pool4.000%, $2,258,395 par, due 11/1/2040 (1)2,456,273 
Fannie Mae Pool4.000%, $3,351,150 par, due 4/1/2041 (1)3,644,731 
Fannie Mae Pool4.000%, $5,713,062 par, due 8/1/2051 (1)6,348,834 
Fannie Mae Pool4.500%, $3,129,970 par, due 1/1/2051 (1)3,475,334 
Fannie Mae Pool3.410%, $1,029,507 par, due 11/1/2023 (1)1,063,608 
Fannie Mae Pool3.120%, $1,155,000 par, due 1/1/2024 (1)1,193,951 
Fannie Mae Pool2.800%, $1,890,000 par, due 4/1/2024 (1)1,949,599 
Fannie Mae Pool3.580%, $3,480,000 par, due 1/1/2026 (1)3,735,707 
Fannie Mae Pool3.300%, $1,877,693 par, due 3/1/2026 (1)2,006,663 
Fannie Mae Pool2.000%, $182,409 par, due 6/1/2022 (1)182,369 
Fannie Mae Pool3.349%, $1,503,865 par, due 11/1/2026 (1)1,610,648 
Fannie Mae Pool3.373%, $852,635 par, due 12/1/2027 (1)923,441 
Fannie Mae Pool2.261%, $181,831 par, due 4/1/2036 (1)182,208 
Fannie Mae Pool1.965%, $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 partycollateral, par, or maturing valueCostCurrent value
Fannie Mae Pool1.955%, $159,376 par, due 3/1/2044 (1)$165,865 
Fannie Mae Pool1.840%, $300,553 par, due 5/1/2044 (1)312,170 
Fannie Mae Pool3.389%, $279,103 par, due 11/1/2048 (1)290,209 
Fannie Mae Pool1.475%, $70,246 par, due 11/1/2041 (1)72,026 
Fannie Mae Pool1.992%, $14,282 par, due 5/1/2036 (1)14,877 
Fannie Mae Pool1.675%, $83,547 par, due 3/1/2034 (1)86,542 
Fannie Mae Pool1.284%, $19,657 par, due 4/1/2044 (1)19,976 
Fannie Mae Pool1.678%, $86,987 par, due 8/1/2034 (1)90,164 
Fannie Mae Pool1.722%, $38,777 par, due 1/1/2035 (1)40,197 
Fannie Mae Pool1.765%, $26,727 par, due 7/1/2035 (1)27,756 
Fannie Mae Pool1.705%, $44,699 par, due 7/1/2035 (1)46,431 
Fannie Mae Pool1.364%, $22,552 par, due 1/1/2037 (1)23,071 
Fannie Mae Pool1.233%, $21,024 par, due 4/1/2037 (1)21,509 
Fannie Mae Pool1.861%, $114,051 par, due 7/1/2035 (1)115,665 
Fannie Mae Pool3.476%, $188,579 par, due 5/1/2036 (1)201,895 
Fannie Mae Pool2.190%, $40,974 par, due 1/1/2041 (1)42,942 
Fannie Mae Pool2.125%, $35,437 par, due 3/1/2042 (1)37,336 
Fannie Mae Pool5.500%, $624,084 par, due 4/1/2033 (1)712,938 
Fannie Mae Pool5.000%, $270,189 par, due 11/1/2033 (1)304,839 
Fannie Mae Pool5.500%, $76,377 par, due 4/1/2036 (1)86,110 
Fannie Mae Pool6.000%, $28,202 par, due 9/1/2038 (1)30,121 
Fannie Mae Pool5.000%, $362,879 par, due 10/1/2035 (1)410,177 
Fannie Mae Pool5.000%, $572,853 par, due 6/1/2035 (1)646,263 
Fannie Mae Pool5.000%, $1,187,339 par, due 3/1/2036 (1)1,341,966 
Fannie Mae Pool5.000%, $184,919 par, due 9/1/2033 (1)208,206 
Fannie Mae Pool3.500%, $162,872 par, due 8/1/2032 (1)173,536 
Fannie Mae Pool3.000%, $871,474 par, due 3/1/2033 (1)914,537 
Fannie Mae Pool3.500%, $551,332 par, due 4/1/2046 (1)591,549 
Fannie Mae Pool3.000%, $636,204 par, due 7/1/2032 (1)672,636 
Fannie Mae Pool4.500%, $2,148,188 par, due 6/1/2056 (1)2,406,590 
Fannie Mae Pool4.000%, $737,255 par, due 11/1/2045 (1)809,610 
Fannie Mae Pool4.500%, $1,424,492 par, due 6/1/2056 (1)1,595,836 
Fannie Mae Pool4.000%, $1,699,680 par, due 6/1/2056 (1)1,874,847 
Fannie Mae Pool4.000%, $3,042,011 par, due 7/1/2056 (1)3,370,390 
Fannie Mae Pool4.500%, $3,719,598 par, due 6/1/2056 (1)4,167,029 
Fannie Mae Pool3.500%, $1,752,675 par, due 11/1/2046 (1)1,878,829 
Fannie Mae Pool4.000%, $2,033,010 par, due 7/1/2056 (1)2,212,633 
Fannie Mae Pool4.500%, $1,338,340 par, due 11/1/2048 (1)1,454,139 
Fannie Mae Pool3.000%, $1,040,273 par, due 1/1/2035 (1)1,100,871 
Fannie Mae Pool3.000%, $899,830 par, due 1/1/2035 (1)948,008 
Fannie Mae Pool3.000%, $578,293 par, due 1/1/2035 (1)607,551 
Fannie Mae Pool2.500%, $2,149,266 par, due 12/1/2034 (1)2,240,885 
Fannie Mae Pool3.000%, $1,429,135 par, due 12/1/2049 (1)1,497,766 
Fannie Mae Pool3.000%, $359,270 par, due 2/1/2031 (1)378,530 
Fannie Mae Pool2.500%, $586,966 par, due 6/1/2031 (1)611,506 
Fannie Mae Pool2.500%, $571,060 par, due 6/1/2031 (1)595,597 
Fannie Mae Pool2.500%, $626,681 par, due 6/1/2031 (1)653,145 
Fannie Mae Pool2.500%, $681,600 par, due 6/1/2031 (1)711,411 
Fannie Mae Pool3.000%, $714,242 par, due 5/1/2031 (1)751,331 
Fannie Mae Pool2.500%, $798,822 par, due 9/1/2034 (1)827,675 
Fannie Mae Pool2.500%, $1,654,276 par, due 10/1/2034 (1)1,720,159 
Fannie Mae Pool2.500%, $1,237,280 par, due 10/1/2034 (1)1,282,264 
Fannie Mae REMIC Trust 2005-W16.500%, $116,387 par, due 10/25/2044 (1)135,541 
Fannie Mae REMICS5.500%, $176,115 par, due 4/25/2035 (1)200,970 
Fannie Mae Trust 2003-W66.500%, $65,745 par, due 9/25/2042 (1)74,942 
Fannie Mae Trust 2003-W87.000%, $10,731 par, due 10/25/2042 (1)12,203 
Fannie Mae Trust 2004-W27.000%, $62,705 par, due 2/25/2044 (1)72,241 
Fannie Mae-Aces2.263%, $82,183 par, due 2/25/2023 (1)82,282 
Federal Realty Investment Trust2.750%, $1,632,000 par, due 6/1/2023 (1)1,664,506 
FedEx Corp4.250%, $1,170,000 par, due 5/15/2030 (1)1,331,693 
FedEx Corp4.200%, $1,104,000 par, due 10/17/2028 (1)1,248,394 
Fifth Third Bancorp3.650%, $1,310,000 par, due 1/25/2024 (1)1,372,576 
Fifth Third Bancorp2.375%, $730,000 par, due 1/28/2025 (1)749,683 
Fiserv Inc3.800%, $1,630,000 par, due 10/1/2023 (1)1,704,062 
Fiserv Inc2.750%, $390,000 par, due 7/1/2024 (1)403,462 
Fiserv Inc3.200%, $570,000 par, due 7/1/2026 (1)602,995 
Florida Gas Transmission Co LLC4.350%, $1,780,000 par, due 7/15/2025 (1)1,921,955 
FMC Corp3.450%, $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 partycollateral, par, or maturing valueCostCurrent value
FMC Corp4.100%, $1,000,000 par, due 2/1/2024 (1)$1,048,415 
Ford Credit Auto Owner Trust1.060%, $7,395,000 par, due 4/15/2033 (1)7,247,847 
Ford Credit Auto Owner Trust 2017-REV22.360%, $2,617,000 par, due 3/15/2029 (1)2,650,157 
Ford Credit Auto Owner Trust 2020-REV12.040%, $4,800,000 par, due 8/15/2031 (1)4,887,562 
Ford Credit Auto Owner Trust 2021-REV11.370%, $3,705,000 par, due 10/17/2033 (1)3,660,729 
Ford Motor Credit Co LLC3.350%, $1,300,000 par, due 11/1/2022 (1)1,316,250 
Fortune Brands Home & Security Inc4.000%, $983,000 par, due 9/21/2023 (1)1,029,930 
Freddie Mac Gold Pool6.000%, $123,713 par, due 8/1/2038 (1)143,558 
Freddie Mac Gold Pool6.000%, $36,727 par, due 9/1/2038 (1)42,616 
Freddie Mac Gold Pool6.000%, $219,248 par, due 8/1/2038 (1)254,415 
Freddie Mac Gold Pool3.500%, $105,425 par, due 2/1/2043 (1)113,376 
Freddie Mac Gold Pool3.000%, $1,408,759 par, due 1/1/2043 (1)1,489,027 
Freddie Mac Gold Pool4.000%, $980,493 par, due 4/1/2046 (1)1,071,845 
Freddie Mac Gold Pool4.000%, $803,949 par, due 1/1/2047 (1)879,102 
Freddie Mac Gold Pool3.500%, $111,217 par, due 12/1/2025 (1)117,140 
Freddie Mac Gold Pool4.000%, $107,027 par, due 2/1/2026 (1)112,631 
Freddie Mac Gold Pool3.000%, $605,890 par, due 8/1/2027 (1)635,305 
Freddie Mac Multifam Struct PT Cert3.062%, $5,800,000 par, due 11/25/2023 (1)5,988,871 
Freddie Mac Multifam Struct PT Cert0.574%, $46,610 par, due 9/25/2023 (1)46,670 
Freddie Mac Multifamily Structured PT Certificates2.282%, $4,105,000 par, due 7/25/2026 (1)4,252,267 
Freddie Mac Multifamily Structured PT Certificates2.862%, $6,240,000 par, due 5/25/2026 (1)6,601,234 
Freddie Mac Non Gold Pool2.609%, $34,391 par, due 7/1/2034 (1)35,141 
Freddie Mac Non Gold Pool2.029%, $50,039 par, due 12/1/2036 (1)50,678 
Freddie Mac Non Gold Pool2.025%, $24,949 par, due 11/1/2040 (1)26,212 
Freddie Mac Non Gold Pool2.125%, $47,875 par, due 2/1/2042 (1)50,258 
Freddie Mac Non Gold Pool1.975%, $264,378 par, due 1/1/2044 (1)275,177 
Freddie Mac Non Gold Pool1.850%, $281,392 par, due 8/1/2044 (1)291,584 
Freddie Mac Non Gold Pool2.917%, $461,193 par, due 7/1/2047 (1)478,411 
Freddie Mac Non Gold Pool3.017%, $167,517 par, due 8/1/2047 (1)174,135 
Freddie Mac Non Gold Pool2.548%, $968,360 par, due 10/1/2047 (1)997,903 
Freddie Mac Pool2.500%, $7,618,293 par, due 12/1/2034 (1)7,924,404 
Freddie Mac Pool3.000%, $557,630 par, due 1/1/2035 (1)587,162 
Freddie Mac Pool3.000%, $669,074 par, due 1/1/2035 (1)707,583 
Freddie Mac Pool3.500%, $114,832 par, due 8/1/2049 (1)121,103 
Freddie Mac Pool2.500%, $1,894,351 par, due 12/1/2034 (1)1,975,189 
Freddie Mac Pool2.500%, $1,779,847 par, due 1/1/2035 (1)1,854,723 
Freddie Mac Pool2.500%, $5,345,627 par, due 1/1/2035 (1)5,566,401 
Freddie Mac Pool3.000%, $455,089 par, due 1/1/2035 (1)478,866 
Freddie Mac Pool3.000%, $3,759,138 par, due 1/1/2050 (1)3,937,573 
Freddie Mac Pool2.000%, $5,352,491 par, due 11/1/2050 (1)5,358,742 
Freddie Mac Pool3.000%, $3,761,328 par, due 11/1/2049 (1)3,941,984 
Freddie Mac Pool3.000%, $3,554,945 par, due 12/1/2049 (1)3,727,701 
Freddie Struct PT Cert7.000%, $518,455 par, due 7/25/2043 (1)617,043 
General Dynamics Corp3.500%, $160,000 par, due 5/15/2025 (1)170,639 
General Dynamics Corp3.250%, $1,400,000 par, due 4/1/2025 (1)1,480,360 
General Mills Inc2.600%, $955,000 par, due 10/12/2022 (1)969,075 
General Mills Inc2.875%, $895,000 par, due 4/15/2030 (1)934,963 
General Mills Inc3.700%, $550,000 par, due 10/17/2023 (1)575,565 
General Motors Financial Co Inc2.400%, $1,940,000 par, due 10/15/2028 (1)1,936,312 
General Motors Financial Co Inc3.550%, $1,260,000 par, due 7/8/2022 (1)1,278,299 
Georgia-Pacific LLC2.100%, $675,000 par, due 4/30/2027 (1)683,766 
Georgia-Pacific LLC3.734%, $1,725,000 par, due 7/15/2023 (1)1,786,243 
Ginnie Mae II pool2.000%, $74,348 par, due 3/20/2042 (1)77,740 
Ginnie Mae II Pool4.584%, $948,461 par, due 1/20/2067 (1)1,026,008 
Ginnie Mae II Pool4.385%, $1,036,770 par, due 12/20/2066 (1)1,113,538 
Ginnie Mae II Pool4.427%, $2,059,219 par, due 2/20/2067 (1)2,197,357 
Ginnie Mae II Pool4.564%, $2,255,151 par, due 1/20/2067 (1)2,431,542 
Ginnie Mae II Pool4.575%, $1,761,530 par, due 3/20/2065 (1)1,863,713 
Ginnie Mae II pool1.480%, $694,816 par, due 6/20/2058 (1)706,256 
Ginnie Mae II pool0.711%, $1,867,980 par, due 5/20/2058 (1)1,887,001 
GlaxoSmithKline Capital Inc3.625%, $700,000 par, due 5/15/2025 (1)754,111 
GlaxoSmithKline Capital PLC3.000%, $1,270,000 par, due 6/1/2024 (1)1,328,969 
GM Financial Revolving Receivables Trust 2021-11.170%, $2,410,000 par, due 6/12/2034 (1)2,369,567 
GNMA0.981%, $1,374,320 par, due 12/20/2066 (1)1,396,772 
GNMA1.081%, $2,885,684 par, due 12/20/2066 (1)2,939,560 
GNMA0.731%, $777,221 par, due 10/20/2065 (1)783,311 
Goldman Sachs Group Inc/The1.948%, $3,170,000 par, due 10/21/2027 (1)3,157,948 
Goldman Sachs Group Inc/The3.625%, $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 partycollateral, par, or maturing valueCostCurrent value
Goldman Sachs Group Inc/The3.272%, $1,405,000 par, due 9/29/2025 (1)$1,474,500 
Goldman Sachs Group Inc/The3.850%, $1,670,000 par, due 1/26/2027 (1)1,795,763 
Goldman Sachs Group Inc/The3.500%, $630,000 par, due 1/23/2025 (1)664,086 
Goldman Sachs Group Inc/The1.542%, $2,410,000 par, due 9/10/2027 (1)2,362,566 
Government National Mortgage Association0.801%, $4,811,793 par, due 1/20/2069 (1)4,898,492 
GS Mortgage Securities Trust 2013-GC164.271%, $2,004,000 par, due 11/10/2046 (1)2,097,416 
GS Mortgage Securities Trust 2014-GC263.629%, $6,460,000 par, due 11/10/2047 (1)6,801,753 
GSMS 2012-GCJ7 A4 9.2-Yr CMBS3.377%, $288,513 par, due 5/10/2045 (1)288,450 
Gulfstream Natural Gas System LLC6.190%, $1,510,000 par, due 11/1/2025 (1)1,738,806 
Halliburton Co3.500%, $22,000 par, due 8/1/2023 (1)22,715 
Halliburton Co2.920%, $1,730,000 par, due 3/1/2030 (1)1,781,424 
Halliburton Co3.800%, $106,000 par, due 11/15/2025 (1)114,003 
Healthpeak Properties Inc3.500%, $580,000 par, due 7/15/2029 (1)629,476 
Healthpeak Properties Inc3.250%, $750,000 par, due 7/15/2026 (1)796,796 
Healthpeak Properties Inc2.875%, $1,470,000 par, due 1/15/2031 (1)1,530,311 
Heineken NV3.500%, $960,000 par, due 1/29/2028 (1)1,034,505 
Helios Leasing I LLC1.562%, $246,920 par, due 9/28/2024 (1)249,098 
Hexcel Corp4.200%, $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 Inc1.450%, $1,090,000 par, due 6/17/2026 (1)1,069,019 
HSBC Holdings PLC3.262%, $1,530,000 par, due 3/13/2023 (1)1,537,237 
HSBC Holdings PLC4.292%, $2,280,000 par, due 9/12/2026 (1)2,462,617 
HSBC Holdings PLC3.803%, $2,187,000 par, due 3/11/2025 (1)2,295,368 
HSBC Holdings PLC2.013%, $2,200,000 par, due 9/22/2028 (1)2,155,091 
HSBC Holdings PLC4.583%, $400,000 par, due 6/19/2029 (1)448,447 
HSBC Holdings PLC2.871%, $1,970,000 par, due 11/22/2032 (1)1,988,691 
Huntington National Bank/The3.550%, $1,511,000 par, due 10/6/2023 (1)1,577,221 
Ingredion Inc3.200%, $600,000 par, due 10/1/2026 (1)636,090 
Intel Corp3.900%, $1,140,000 par, due 3/25/2030 (1)1,295,962 
International Business Machines Corp3.000%, $4,812,000 par, due 5/15/2024 (1)5,027,563 
Interstate Power and Light Co4.100%, $1,200,000 par, due 9/26/2028 (1)1,332,031 
Interstate Power and Light Co3.250%, $870,000 par, due 12/1/2024 (1)913,477 
Jackson National Life Global Funding2.650%, $1,470,000 par, due 6/21/2024 (1)1,517,799 
JobsOhio Beverage System2.833%, $610,000 par, due 1/1/2038 (1)628,867 
John Deere Capital Corp1.750%, $465,000 par, due 3/9/2027 (1)468,468 
Johns Hopkins Health System Corp/The2.420%, $1,935,000 par, due 1/1/2030 (1)1,920,679 
JPMBB Commercial Mortgage Sec Trust 2014-C243.639%, $3,400,000 par, due 11/15/2047 (1)3,580,513 
JPMBB Commercial Mortgage Sec Trust 2014-C263.494%, $2,245,000 par, due 1/15/2048 (1)2,362,858 
JPMorgan Chase & Co2.182%, $2,500,000 par, due 6/1/2028 (1)2,522,075 
JPMorgan Chase & Co2.069%, $660,000 par, due 6/1/2029 (1)655,174 
JPMorgan Chase & Co0.768%, $640,000 par, due 8/9/2025 (1)629,988 
JPMorgan Chase & Co4.452%, $1,370,000 par, due 12/5/2029 (1)1,556,095 
JPMorgan Chase & Co3.782%, $770,000 par, due 2/1/2028 (1)834,060 
JPMorgan Chase & Co4.203%, $810,000 par, due 7/23/2029 (1)906,814 
JPMorgan Chase & Co3.797%, $121,000 par, due 7/23/2024 (1)126,115 
JPMorgan Chase & Co3.960%, $890,000 par, due 1/29/2027 (1)962,111 
JPMorgan Chase & Co1.578%, $1,620,000 par, due 4/22/2027 (1)1,601,778 
JPMorgan Chase & Co3.559%, $1,240,000 par, due 4/23/2024 (1)1,281,503 
JPMorgan Chase & Co1.470%, $2,970,000 par, due 9/22/2027 (1)2,913,009 
JPMorgan Chase & Co2.301%, $1,010,000 par, due 10/15/2025 (1)1,033,159 
JPMorgan Chase & Co0.969%, $950,000 par, due 6/23/2025 (1)940,937 
JPMorgan Chase Comml Mtg Sec Tr4.166%, $770,000 par, due 12/15/2046 (1)804,709 
JPMorgan Comm Mtg Sec Tr3.483%, $192,147 par, due 6/15/2045 (1)193,241 
JPMorgan Comm Mtg Sec Tr3.143%, $2,455,951 par, due 12/15/2047 (1)2,499,554 
Kellogg Co3.400%, $690,000 par, due 11/15/2027 (1)743,865 
Kentucky Higher Education Student Loan Corp1.152%, $4,573,178 par, due 11/25/2050 (1)4,626,410 
KeyBank NA/Cleveland OH3.400%, $1,320,000 par, due 5/20/2026 (1)1,407,152 
KeyCorp2.250%, $840,000 par, due 4/6/2027 (1)854,307 
Kimco Realty Corp2.250%, $2,140,000 par, due 12/1/2031 (1)2,087,733 
Kimco Realty Corp2.700%, $330,000 par, due 3/1/2024 (1)338,923 
Kinder Morgan Inc1.750%, $1,610,000 par, due 11/15/2026 (1)1,604,682 
King County Public Hospital District No 22.601%, $2,045,000 par, due 12/1/2034 (1)2,081,851 
KLA Corp4.100%, $1,330,000 par, due 3/15/2029 (1)1,502,542 
Lake Central Multi-District School Building Corp1.651%, $1,695,000 par, due 7/15/2028 (1)1,679,931 
Lake Orion Community School District2.434%, $2,250,000 par, due 5/1/2026 (1)2,343,848 
Lam Research Corp3.750%, $550,000 par, due 3/15/2026 (1)599,000 
Lam Research Corp4.000%, $270,000 par, due 3/15/2029 (1)302,571 
Leland Stanford Junior University/The1.289%, $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 partycollateral, par, or maturing valueCostCurrent value
Lennox International Inc1.350%, $1,190,000 par, due 8/1/2025 (1)$1,175,202 
Lennox International Inc1.700%, $490,000 par, due 8/1/2027 (1)481,794 
Los Angeles Community College District/CA1.606%, $1,500,000 par, due 8/1/2028 (1)1,493,700 
Lowe's Cos Inc1.700%, $1,300,000 par, due 9/15/2028 (1)1,274,965 
M&T Bank Corp0.805%, $560,000 par, due 7/26/2023 (1)564,012 
Magellan Midstream Partners LP5.000%, $1,005,000 par, due 3/1/2026 (1)1,122,080 
Magellan Midstream Partners LP3.250%, $1,108,000 par, due 6/1/2030 (1)1,164,828 
Marathon Oil Corp4.400%, $1,600,000 par, due 7/15/2027 (1)1,753,701 
Marathon Petroleum Corp4.700%, $1,470,000 par, due 5/1/2025 (1)1,604,295 
Marsh & McLennan Cos Inc3.300%, $1,020,000 par, due 3/14/2023 (1)1,046,832 
Marsh & McLennan Cos Inc4.375%, $1,320,000 par, due 3/15/2029 (1)1,505,921 
Martin Marietta Materials Inc2.500%, $670,000 par, due 3/15/2030 (1)676,573 
Masco Corp2.000%, $1,790,000 par, due 10/1/2030 (1)1,720,233 
Massachusetts Institute of Technology3.959%, $500,000 par, due 7/1/2038 (1)608,316 
Massachusetts School Building Authority1.753%, $1,750,000 par, due 8/15/2030 (1)1,730,575 
Massachusetts Water Resources Authority2.390%, $3,000,000 par, due 8/1/2033 (1)3,038,130 
MassMutual Global Funding II3.400%, $4,845,000 par, due 3/8/2026 (1)5,178,913 
Maxim Integrated Products Inc3.450%, $310,000 par, due 6/15/2027 (1)334,403 
McCormick & Co Inc/MD2.700%, $734,000 par, due 8/15/2022 (1)741,603 
McCormick & Co Inc/MD3.150%, $2,220,000 par, due 8/15/2024 (1)2,318,242 
McCormick & Co Inc/MD3.400%, $1,230,000 par, due 8/15/2027 (1)1,323,805 
McDonald's Corp1.450%, $990,000 par, due 9/1/2025 (1)999,275 
McDonald's Corp3.600%, $365,000 par, due 7/1/2030 (1)403,746 
McDonald's Corp3.500%, $780,000 par, due 7/1/2027 (1)846,417 
MD Comm Dev Admin Housing Rev3.500%, $220,000 par, due 9/1/2047 (1)227,440 
Medtronic Inc3.500%, $258,000 par, due 3/15/2025 (1)274,796 
Merck & Co Inc1.700%, $2,230,000 par, due 6/10/2027 (1)2,244,787 
Merck & Co Inc1.900%, $740,000 par, due 12/10/2028 (1)743,692 
METLIFE SECURITIZATION TRUST 2019-13.750%, $938,145 par, due 4/25/2058 (1)960,800 
Metropolitan Atlanta Rapid Transit Authority2.561%, $3,445,000 par, due 7/1/2034 (1)3,470,390 
Microchip Technology Inc4.333%, $1,140,000 par, due 6/1/2023 (1)1,188,370 
Mid-America Apartments LP1.700%, $550,000 par, due 2/15/2031 (1)525,823 
Mid-America Apartments LP1.100%, $160,000 par, due 9/15/2026 (1)154,745 
Mid-America Apartments LP3.950%, $420,000 par, due 3/15/2029 (1)469,271 
Mill City Mortgage Loan Trust 2017-12.750%, $44,150 par, due 11/25/2058 (1)44,281 
Missouri Higher Education Loan Authority0.672%, $1,703,206 par, due 8/25/2061 (1)1,693,975 
Mitsubishi UFJ Financial Group Inc2.193%, $1,600,000 par, due 2/25/2025 (1)1,632,330 
Mitsubishi UFJ Financial Group Inc1.538%, $2,180,000 par, due 7/20/2027 (1)2,142,415 
Mitsubishi UFJ Financial Group Inc1.640%, $1,440,000 par, due 10/13/2027 (1)1,422,040 
MMAF Equipment Finance LLC 2017-A2.680%, $2,036,491 par, due 7/16/2027 (1)2,052,530 
MMAF Equipment Finance LLC 2017-B2.410%, $979,617 par, due 11/15/2024 (1)985,534 
MMAF Equipment Finance LLC 2018-A3.390%, $1,203,344 par, due 1/10/2025 (1)1,219,033 
MMAF Equipment Finance LLC 2019-A2.930%, $1,805,000 par, due 3/10/2026 (1)1,850,217 
MMAF Equipment Finance LLC 2019-B2.010%, $4,090,000 par, due 12/12/2024 (1)4,134,671 
MO State Higher Ed Std Asst1.104%, $1,065,931 par, due 5/20/2030 (1)1,068,886 
Mondelez International Holdings Netherlands BV2.250%, $1,315,000 par, due 9/19/2024 (1)1,344,727 
Mondelez International Holdings Netherlands BV1.250%, $1,100,000 par, due 9/24/2026 (1)1,072,537 
Monongahela Power Co4.100%, $2,137,000 par, due 4/15/2024 (1)2,248,447 
Morgan Stanley2.720%, $540,000 par, due 7/22/2025 (1)556,579 
Morgan Stanley2.188%, $1,280,000 par, due 4/28/2026 (1)1,305,659 
Morgan Stanley1.593%, $710,000 par, due 5/4/2027 (1)702,801 
Morgan Stanley1.512%, $1,080,000 par, due 7/20/2027 (1)1,063,590 
Morgan Stanley1.164%, $1,310,000 par, due 10/21/2025 (1)1,299,941 
Morgan Stanley3.700%, $1,000,000 par, due 10/23/2024 (1)1,065,180 
Morgan Stanley3.950%, $600,000 par, due 4/23/2027 (1)660,139 
Morgan Stanley3.875%, $940,000 par, due 1/27/2026 (1)1,016,957 
Morgan Stanley3.625%, $2,465,000 par, due 1/20/2027 (1)2,674,081 
Morgan Stanley4.431%, $610,000 par, due 1/23/2030 (1)695,718 
Morgan Stanley BAML Trust3.176%, $2,240,727 par, due 8/15/2045 (1)2,248,249 
Morgan Stanley BAML Trust2.858%, $1,471,813 par, due 11/15/2045 (1)1,480,790 
Morgan Stanley BAML Trust3.102%, $2,170,000 par, due 5/15/2046 (1)2,207,294 
Morgan Stanley BAML Trust 2014 C193.526%, $3,020,000 par, due 12/15/2047 (1)3,170,067 
Morgan Stanley BAML Trust 2014-C154.051%, $1,155,000 par, due 4/15/2047 (1)1,212,356 
MPLX LP1.750%, $810,000 par, due 3/1/2026 (1)802,273 
MPLX LP4.000%, $490,000 par, due 3/15/2028 (1)531,397 
MS State Higher Ed Asst Co0.783%, $698,729 par, due 10/25/2035 (1)700,399 
National Retail Properties Inc4.300%, $650,000 par, due 10/15/2028 (1)731,357 
National Retail Properties Inc3.900%, $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 partycollateral, par, or maturing valueCostCurrent value
Navient Student Loan Trust 2016-60.853%, $195,112 par, due 3/25/2066 (1)$195,438 
Navient Student Loan Trust 2021-10.702%, $3,565,986 par, due 12/26/2069 (1)3,568,022 
NC State Edu Asst Auth0.603%, $546,198 par, due 12/26/2039 (1)542,828 
Nelnet Student Loan Trust 2021-A1.360%, $3,794,691 par, due 4/20/2062 (1)3,728,621 
Nelnet Student Loan Trust 2021-C1.320%, $1,099,775 par, due 4/20/2062 (1)1,082,663 
Nelnet Student Loan Trust 2021-D1.630%, $5,591,656 par, due 4/20/2062 (1)5,555,288 
Nestle Holdings Inc1.150%, $1,360,000 par, due 1/14/2027 (1)1,327,805 
New York and Presbyterian Hospital/The3.563%, $1,375,000 par, due 8/1/2036 (1)1,525,222 
New York Hospital for Special Surgery3.737%, $285,000 par, due 4/1/2028 (1)309,637 
New York Life Global Funding2.000%, $3,220,000 par, due 1/22/2025 (1)3,287,791 
New York State Dormitory Authority2.657%, $1,535,000 par, due 2/15/2028 (1)1,585,317 
NextEra Energy Capital Holdings Inc1.875%, $3,135,000 par, due 1/15/2027 (1)3,153,594 
Norfolk Southern Corp3.650%, $460,000 par, due 8/1/2025 (1)491,900 
North Carolina Housing Finance Agency2.870%, $355,000 par, due 7/1/2032 (1)364,897 
North Dakota Public Finance Authority2.580%, $2,630,000 par, due 12/1/2034 (1)2,611,248 
North Texas Higher Education Authority Inc0.672%, $3,100,000 par, due 9/25/2061 (1)3,106,036 
North Texas Higher Education Authority Inc0.672%, $3,570,000 par, due 10/25/2061 (1)3,549,794 
Northern States Power Co/MN2.600%, $1,965,000 par, due 5/15/2023 (1)1,994,200 
Northern States Power Co/WI3.300%, $1,100,000 par, due 6/15/2024 (1)1,143,311 
Northrop Grumman Corp4.400%, $465,000 par, due 5/1/2030 (1)537,025 
Northrop Grumman Corp2.930%, $580,000 par, due 1/15/2025 (1)604,401 
Northrop Grumman Corp3.250%, $1,865,000 par, due 1/15/2028 (1)1,997,467 
Northstar Edu Fin Inc0.803%, $163,985 par, due 12/26/2031 (1)164,056 
NTT Finance Corp1.162%, $1,960,000 par, due 4/3/2026 (1)1,923,893 
Nutrien Ltd2.950%, $540,000 par, due 5/13/2030 (1)568,820 
NXP BV / NXP Funding LLC / NXP USA Inc2.650%, $1,800,000 par, due 2/15/2032 (1)1,807,567 
Occidental Petroleum Corp3.200%, $1,140,000 par, due 8/15/2026 (1)1,174,787 
OhioHealth Corp2.297%, $1,410,000 par, due 11/15/2031 (1)1,422,125 
Oncor Electric Delivery Co LLC2.750%, $2,652,000 par, due 6/1/2024 (1)2,749,432 
Oncor Electric Delivery Co LLC2.750%, $1,160,000 par, due 5/15/2030 (1)1,206,330 
Oracle Corp2.650%, $1,300,000 par, due 7/15/2026 (1)1,336,707 
Oracle Corp2.950%, $2,220,000 par, due 11/15/2024 (1)2,309,306 
Oracle Corp2.950%, $2,465,000 par, due 4/1/2030 (1)2,495,453 
Orlando Health Obligated Group3.777%, $1,000,000 par, due 10/1/2028 (1)1,091,256 
Orlando Health Obligated Group2.291%, $1,250,000 par, due 10/1/2028 (1)1,252,071 
Otis Worldwide Corp2.056%, $1,625,000 par, due 4/5/2025 (1)1,652,682 
PacifiCorp3.600%, $1,385,000 par, due 4/1/2024 (1)1,451,696 
PacifiCorp2.700%, $475,000 par, due 9/15/2030 (1)489,519 
PacifiCorp3.500%, $1,426,000 par, due 6/15/2029 (1)1,542,511 
Packaging Corp of America3.400%, $1,100,000 par, due 12/15/2027 (1)1,185,484 
Parker-Hannifin Corp2.700%, $884,000 par, due 6/14/2024 (1)913,460 
Parker-Hannifin Corp3.300%, $1,600,000 par, due 11/21/2024 (1)1,678,862 
Parker-Hannifin Corp3.500%, $680,000 par, due 9/15/2022 (1)694,032 
PepsiCo Inc2.625%, $680,000 par, due 3/19/2027 (1)712,439 
PerkinElmer Inc1.900%, $1,420,000 par, due 9/15/2028 (1)1,387,536 
Pernod Ricard International Finance LLC1.250%, $860,000 par, due 4/1/2028 (1)815,298 
Petroleos Mexicanos2.000%, $352,500 par, due 12/20/2022 (1)355,352 
Petroleos Mexicanos1.950%, $110,000 par, due 12/20/2022 (1)110,844 
Petroleos Mexicanos2.378%, $700,000 par, due 4/15/2025 (1)715,825 
Petroleos Mexicanos2.290%, $243,750 par, due 2/15/2024 (1)247,284 
PHEAA Student Loan Trust 2016-21.053%, $1,471,009 par, due 11/25/2065 (1)1,467,461 
Phillips 663.900%, $1,210,000 par, due 3/15/2028 (1)1,312,344 
Phillips 664.300%, $350,000 par, due 4/1/2022 (1)353,143 
Pioneer Natural Resources Co1.125%, $2,970,000 par, due 1/15/2026 (1)2,885,913 
PNC Bank NA4.050%, $1,030,000 par, due 7/26/2028 (1)1,155,762 
PPG Industries Inc2.400%, $1,050,000 par, due 8/15/2024 (1)1,082,656 
PPG Industries Inc2.550%, $1,330,000 par, due 6/15/2030 (1)1,352,750 
Pricoa Global Funding I1.200%, $630,000 par, due 9/1/2026 (1)617,178 
Providence Health & Services Obligated Group4.379%, $275,000 par, due 10/1/2023 (1)290,132 
Providence St Joseph Health Obligated Group2.746%, $1,242,000 par, due 10/1/2026 (1)1,302,483 
Providence St Joseph Health Obligated Group2.532%, $1,355,000 par, due 10/1/2029 (1)1,399,093 
PSNH Funding LLC 33.506%, $900,000 par, due 8/1/2028 (1)961,005 
Public Service Electric and Gas Co1.900%, $1,760,000 par, due 8/15/2031 (1)1,714,592 
Raytheon Technologies Corp4.125%, $1,300,000 par, due 11/16/2028 (1)1,455,276 
Raytheon Technologies Corp3.700%, $1,635,000 par, due 12/15/2023 (1)1,713,434 
Raytheon Technologies Corp2.250%, $970,000 par, due 7/1/2030 (1)968,269 
Reckitt Benckiser Treasury Services PLC2.375%, $281,000 par, due 6/24/2022 (1)283,104 
Reckitt Benckiser Treasury Services PLC2.750%, $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 partycollateral, par, or maturing valueCostCurrent value
Regions Financial Corp1.800%, $1,570,000 par, due 8/12/2028 (1)$1,537,170 
RELX Capital Inc3.000%, $220,000 par, due 5/22/2030 (1)230,868 
RELX Capital Inc3.500%, $740,000 par, due 3/16/2023 (1)761,777 
RELX Capital Inc4.000%, $480,000 par, due 3/18/2029 (1)532,832 
RI State Std Ln Authority0.765%, $2,000,475 par, due 9/1/2036 (1)1,991,353 
Roche Holdings Inc1.930%, $3,755,000 par, due 12/13/2028 (1)3,772,626 
Rochester Gas and Electric Corp3.100%, $2,070,000 par, due 6/1/2027 (1)2,186,301 
Rogers Communications Inc3.625%, $775,000 par, due 12/15/2025 (1)824,337 
Rolls-Royce PLC3.625%, $780,000 par, due 10/14/2025 (1)791,700 
Roper Technologies Inc3.850%, $750,000 par, due 12/15/2025 (1)808,628 
Roper Technologies Inc3.800%, $500,000 par, due 12/15/2026 (1)548,034 
Roper Technologies Inc1.000%, $430,000 par, due 9/15/2025 (1)420,317 
Royal Bank of Canada3.700%, $3,731,000 par, due 10/5/2023 (1)3,913,304 
Ryder System Inc3.650%, $1,703,000 par, due 3/18/2024 (1)1,791,321 
Ryder System Inc1.750%, $830,000 par, due 9/1/2026 (1)824,477 
Sabine Pass Liquefaction LLC4.500%, $890,000 par, due 5/15/2030 (1)1,004,868 
San Diego Community College District2.383%, $1,000,000 par, due 8/1/2033 (1)1,000,950 
San Diego Community College District2.807%, $3,020,000 par, due 8/1/2032 (1)3,153,484 
San Jose Evergreen Community College District2.440%, $1,100,000 par, due 8/1/2029 (1)1,155,913 
San Jose Redevelopment Agency Successor Agency3.375%, $1,530,000 par, due 8/1/2034 (1)1,606,500 
San Ramon Valley Unified School District/CA1.794%, $2,790,000 par, due 8/1/2029 (1)2,776,775 
SBA Small Business Investment Cos2.518%, $3,263,081 par, due 9/10/2027 (1)3,375,429 
SBA Small Business Investment Cos2.829%, $1,172,463 par, due 9/10/2025 (1)1,199,824 
SBA Small Business Investment Cos1.667%, $2,751,977 par, due 3/10/2031 (1)2,768,285 
SBA Small Business Investment Cos1.304%, $4,800,000 par, due 9/10/2031 (1)4,775,990 
SBA Small Business Investment Cos2.078%, $4,234,081 par, due 3/10/2030 (1)4,285,876 
SBA Small Business Investment Cos3.113%, $4,236,248 par, due 3/10/2029 (1)4,438,503 
SBA Small Business Investment Cos2.845%, $4,902,882 par, due 3/10/2027 (1)5,054,406 
SBA Small Business Investment Cos2.283%, $3,450,125 par, due 9/10/2029 (1)3,503,889 
SBA Small Business Investment Cos3.191%, $260,955 par, due 3/10/2024 (1)264,379 
SBA Small Business Investment Cos2.517%, $1,778,434 par, due 3/10/2025 (1)1,805,019 
SBA Small Business Investment Cos3.015%, $170,109 par, due 9/10/2024 (1)170,952 
SBA Small Business Investment Cos2.507%, $1,393,905 par, due 3/10/2026 (1)1,417,269 
SBA Small Business Investment Cos3.548%, $3,721,814 par, due 9/10/2028 (1)3,939,130 
SC State Std Ln Corp1.268%, $637,507 par, due 10/27/2036 (1)644,309 
SC State Std Ln Corp0.603%, $156,931 par, due 1/25/2041 (1)156,015 
SC State Std Ln Corp0.849%, $982,844 par, due 5/1/2030 (1)984,763 
Schlumberger Finance Canada Ltd2.650%, $620,000 par, due 11/20/2022 (1)630,004 
Sealed Air Corp1.573%, $750,000 par, due 10/15/2026 (1)727,624 
Seasoned Credit Risk Transfer Trust Series 2018-33.500%, $3,438,329 par, due 8/25/2057 (1)3,567,150 
Seasoned Credit Risk Transfer Trust Series 2019-14.000%, $1,561,698 par, due 7/25/2058 (1)1,662,727 
Seasoned Credit Risk Transfer Trust Series 2019-24.000%, $1,848,847 par, due 8/25/2058 (1)1,963,661 
Seasoned Credit Risk Transfer Trust Series 2020-22.000%, $5,004,212 par, due 11/25/2059 (1)4,998,932 
Seasoned Credit Risk Transfer Trust Series 2020-32.500%, $4,626,874 par, due 5/25/2060 (1)4,662,852 
Shell International Finance BV2.750%, $1,110,000 par, due 4/6/2030 (1)1,160,547 
Shell International Finance BV3.250%, $395,000 par, due 5/11/2025 (1)420,556 
Sherwin-Williams Co/The2.300%, $700,000 par, due 5/15/2030 (1)698,783 
Sherwin-Williams Co/The3.300%, $911,000 par, due 2/1/2025 (1)951,570 
Sherwin-Williams Co/The2.950%, $500,000 par, due 8/15/2029 (1)526,479 
Sherwin-Williams Co/The2.750%, $27,000 par, due 6/1/2022 (1)27,186 
Sherwin-Williams Co/The3.450%, $860,000 par, due 6/1/2027 (1)930,994 
Siemens Financieringsmaatschappij NV1.200%, $880,000 par, due 3/11/2026 (1)866,081 
Simon Property Group LP2.000%, $1,620,000 par, due 9/13/2024 (1)1,649,129 
Simon Property Group LP3.375%, $1,000,000 par, due 10/1/2024 (1)1,052,061 
SLM Student Loan Trust 2003-100.873%, $3,850,000 par, due 12/17/2068 (1)3,860,595 
SMALL BUSINESS ADMINISTRATION2.130%, $467,677 par, due 1/1/2033 (1)473,049 
Solano County Community College District1.641%, $2,370,000 par, due 8/1/2029 (1)2,329,971 
Solano County Community College District1.479%, $890,000 par, due 8/1/2028 (1)875,680 
Southern California Edison Co2.400%, $570,000 par, due 2/1/2022 (1)570,846 
Stanford Health Care3.310%, $560,000 par, due 8/15/2030 (1)602,303 
Stanley Black & Decker Inc3.400%, $1,630,000 par, due 3/1/2026 (1)1,738,685 
Starbucks Corp2.000%, $715,000 par, due 3/12/2027 (1)723,683 
State of Hawaii1.518%, $1,000,000 par, due 10/1/2028 (1)985,910 
State of Hawaii2.422%, $855,000 par, due 10/1/2034 (1)870,698 
State of Hawaii1.710%, $3,175,000 par, due 8/1/2028 (1)3,171,253 
State of Texas2.704%, $2,410,000 par, due 4/1/2031 (1)2,571,494 
State of Texas4.631%, $1,250,000 par, due 4/1/2033 (1)1,526,737 
State of Utah4.554%, $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 partycollateral, par, or maturing valueCostCurrent value
State of Utah3.539%, $2,410,000 par, due 7/1/2025 (1)$2,519,028 
State of Wisconsin2.501%, $2,000,000 par, due 5/1/2032 (1)2,120,920 
State of Wisconsin2.002%, $1,580,000 par, due 5/1/2034 (1)1,566,586 
State Street Corp2.653%, $2,470,000 par, due 5/15/2023 (1)2,487,964 
State Street Corp3.776%, $567,000 par, due 12/3/2024 (1)597,000 
State Street Corp1.684%, $2,310,000 par, due 11/18/2027 (1)2,314,678 
Student Loan Corp0.924%, $511,531 par, due 4/25/2037 (1)510,697 
Student Loan Corp0.802%, $429,088 par, due 7/25/2036 (1)428,035 
Sumitomo Mitsui Financial Group Inc1.902%, $1,780,000 par, due 9/17/2028 (1)1,746,541 
Sumitomo Mitsui Financial Group Inc2.348%, $3,180,000 par, due 1/15/2025 (1)3,259,656 
Tayarra Ltd3.628%, $25,787 par, due 2/15/2022 (1)25,872 
Texas A&M University3.256%, $750,000 par, due 5/15/2029 (1)805,320 
Texas A&M University3.477%, $1,000,000 par, due 5/15/2031 (1)1,095,160 
Texas Transportation Commission1.533%, $1,000,000 par, due 10/1/2029 (1)978,160 
Texas Transportation Commission State Highway Fund5.178%, $1,200,000 par, due 4/1/2030 (1)1,440,588 
Thermo Fisher Scientific Inc1.215%, $2,720,000 par, due 10/18/2024 (1)2,717,443 
Thermo Fisher Scientific Inc1.750%, $650,000 par, due 10/15/2028 (1)646,340 
T-Mobile USA Inc2.400%, $1,110,000 par, due 3/15/2029 (1)1,121,739 
Toronto-Dominion Bank/The0.750%, $1,260,000 par, due 9/11/2025 (1)1,226,866 
Toronto-Dominion Bank/The3.250%, $1,908,000 par, due 3/11/2024 (1)1,994,200 
TotalEnergies Capital International SA2.434%, $250,000 par, due 1/10/2025 (1)257,735 
TotalEnergies Capital International SA3.700%, $793,000 par, due 1/15/2024 (1)833,675 
Towd Point Mortgage Trust 2015-63.500%, $4,873 par, due 4/25/2055 (1)4,869 
Towd Point Mortgage Trust 2016-32.250%, $53,299 par, due 4/25/2056 (1)53,312 
Towd Point Mortgage Trust 2016-42.250%, $24,880 par, due 7/25/2056 (1)24,963 
Towd Point Mortgage Trust 2017-12.750%, $574,696 par, due 10/25/2056 (1)579,650 
Towd Point Mortgage Trust 2017-50.692%, $63,641 par, due 2/25/2057 (1)63,608 
Towd Point Mortgage Trust 2017-62.750%, $80,391 par, due 10/25/2057 (1)81,382 
Towd Point Mortgage Trust 2019-42.900%, $4,261,184 par, due 10/25/2059 (1)4,343,165 
Towd Point Mortgage Trust 2019-HY11.102%, $1,015,293 par, due 10/25/2048 (1)1,019,360 
Towd Point Mortgage Trust 2019-HY21.102%, $937,264 par, due 5/25/2058 (1)940,782 
Town of Andover MA2.323%, $1,000,000 par, due 11/1/2033 (1)1,006,310 
Toyota Auto Loan Extended Note Trust 2019-12.560%, $3,255,000 par, due 11/25/2031 (1)3,361,504 
Toyota Auto Loan Extended Note Trust 2020-11.350%, $3,875,000 par, due 5/25/2033 (1)3,865,270 
Toyota Auto Loan Extended Note Trust 2021-11.070%, $5,980,000 par, due 2/27/2034 (1)5,867,343 
Toyota Motor Credit Corp1.125%, $520,000 par, due 6/18/2026 (1)512,399 
Trane Technologies Global Holding Co Ltd3.750%, $1,330,000 par, due 8/21/2028 (1)1,453,888 
Trane Technologies Luxembourg Finance SA3.500%, $1,310,000 par, due 3/21/2026 (1)1,389,873 
Transcontinental Gas Pipe Line Co LLC3.250%, $1,205,000 par, due 5/15/2030 (1)1,271,350 
Trinity Health3.084%, $2,235,000 par, due 12/1/2034 (1)2,391,294 
Truist Bank3.200%, $1,935,000 par, due 4/1/2024 (1)2,025,837 
Truist Financial Corp4.000%, $390,000 par, due 5/1/2025 (1)420,985 
TSMC Arizona Corp1.750%, $1,100,000 par, due 10/25/2026 (1)1,101,153 
TSMC Global Ltd1.250%, $1,450,000 par, due 4/23/2026 (1)1,421,154 
TSMC Global Ltd1.000%, $1,370,000 par, due 9/28/2027 (1)1,294,143 
UBS Commercial Mortgage Trust 2012-C13.400%, $8,648 par, due 5/10/2045 (1)8,640 
UBS Group AG1.494%, $1,500,000 par, due 8/10/2027 (1)1,464,145 
UBS Group AG2.859%, $340,000 par, due 8/15/2023 (1)344,089 
UBS Group AG1.364%, $2,000,000 par, due 1/30/2027 (1)1,955,866 
UBS-Barclays Commercial Mortgage Trust 2012-C42.850%, $4,770,000 par, due 12/10/2045 (1)4,804,902 
UDR Inc3.500%, $1,380,000 par, due 1/15/2028 (1)1,480,280 
Unilever Capital Corp3.250%, $720,000 par, due 3/7/2024 (1)753,849 
Union Electric Co2.950%, $1,460,000 par, due 3/15/2030 (1)1,535,605 
Union Electric Co2.950%, $850,000 par, due 6/15/2027 (1)894,644 
Union Pacific Corp3.500%, $457,000 par, due 6/8/2023 (1)472,740 
Union Pacific Corp3.750%, $2,160,000 par, due 7/15/2025 (1)2,334,249 
Union Pacific Corp2.950%, $481,000 par, due 1/15/2023 (1)489,404 
United States Small Business Administration3.210%, $657,115 par, due 3/1/2034 (1)687,434 
United States Small Business Administration5.540%, $52,989 par, due 9/1/2026 (1)55,396 
United States Small Business Administration5.600%, $248,734 par, due 9/1/2028 (1)267,744 
United States Small Business Administration3.230%, $696,055 par, due 2/1/2034 (1)728,259 
United States Small Business Administration5.630%, $292,552 par, due 10/1/2028 (1)316,883 
United States Small Business Administration3.370%, $1,673,421 par, due 10/1/2033 (1)1,767,785 
United States Small Business Administration2.840%, $2,284,018 par, due 4/1/2037 (1)2,391,363 
United States Small Business Administration2.850%, $1,906,947 par, due 10/1/2037 (1)1,990,976 
United States Small Business Administration5.510%, $171,353 par, due 11/1/2027 (1)184,702 
United States Small Business Administration5.310%, $146,645 par, due 5/1/2027 (1)156,763 
United States Small Business Administration6.770%, $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 partycollateral, par, or maturing valueCostCurrent value
United States Small Business Administration5.680%, $90,444 par, due 6/1/2028 (1)$97,888 
United States Small Business Administration2.980%, $1,074,496 par, due 6/1/2035 (1)1,122,145 
United States Small Business Administration2.810%, $457,697 par, due 12/1/2036 (1)483,118 
United States Small Business Administration2.810%, $2,512,673 par, due 6/1/2037 (1)2,631,731 
United States Small Business Administration2.780%, $2,235,477 par, due 12/1/2037 (1)2,361,312 
United States Small Business Administration5.720%, $840,119 par, due 1/1/2029 (1)905,915 
United States Small Business Administration3.150%, $1,073,538 par, due 7/1/2033 (1)1,123,368 
United States Small Business Administration2.800%, $1,284,327 par, due 1/1/2037 (1)1,352,330 
United States Small Business Administration2.980%, $1,067,138 par, due 7/1/2037 (1)1,134,032 
United States Small Business Administration2.880%, $751,577 par, due 7/1/2035 (1)782,657 
United States Treasury Note/Bond1.375%, $7,550,000 par, due 11/15/2031 (1)7,463,885 
United States Treasury Note/Bond0.875%, $29,600,000 par, due 6/30/2026 (1)29,146,765 
United States Treasury Note/Bond2.125%, $2,250,000 par, due 5/31/2026 (1)2,338,243 
United States Treasury Note/Bond2.875%, $2,000,000 par, due 11/30/2025 (1)2,132,656 
United States Treasury Note/Bond0.750%, $7,300,000 par, due 5/31/2026 (1)7,154,000 
United States Treasury Note/Bond1.250%, $16,000,000 par, due 5/31/2028 (1)15,855,008 
United States Treasury Note/Bond1.250%, $4,625,000 par, due 8/15/2031 (1)4,527,440 
United States Treasury Note/Bond3.000%, $2,000,000 par, due 10/31/2025 (1)2,139,844 
United States Treasury Note/Bond2.375%, $2,000,000 par, due 4/30/2026 (1)2,098,516 
United States Treasury Note/Bond0.250%, $29,950,000 par, due 10/31/2025 (1)28,959,074 
United States Treasury Note/Bond0.750%, $7,075,000 par, due 4/30/2026 (1)6,938,474 
United States Treasury Note/Bond1.250%, $14,000,000 par, due 4/30/2028 (1)13,884,066 
United States Treasury Note/Bond3.125%, $6,500,000 par, due 11/15/2028 (1)7,230,743 
United States Treasury Note/Bond0.625%, $27,529,000 par, due 5/15/2030 (1)25,766,511 
United States Treasury Note/Bond0.875%, $1,039,000 par, due 11/15/2030 (1)988,917 
United States Treasury Note/Bond0.250%, $7,425,000 par, due 9/30/2025 (1)7,192,969 
United States Treasury Note/Bond0.750%, $21,817,000 par, due 3/31/2026 (1)21,413,887 
United States Treasury Note/Bond0.625%, $11,700,000 par, due 7/31/2026 (1)11,383,281 
United States Treasury Note/Bond2.875%, $8,000,000 par, due 7/31/2025 (1)8,504,688 
United States Treasury Note/Bond0.375%, $14,975,000 par, due 1/31/2026 (1)14,494,168 
United States Treasury Note/Bond2.625%, $16,000,000 par, due 2/15/2029 (1)17,311,872 
United States Treasury Note/Bond1.500%, $35,100,000 par, due 2/15/2030 (1)35,315,268 
United States Treasury Note/Bond0.625%, $16,320,000 par, due 8/15/2030 (1)15,236,254 
UnitedHealth Group Inc3.500%, $1,310,000 par, due 2/15/2024 (1)1,380,796 
University of California3.349%, $1,170,000 par, due 7/1/2029 (1)1,285,444 
University of Colorado2.447%, $965,000 par, due 6/1/2026 (1)1,006,910 
University of North Carolina at Chapel Hill3.327%, $500,000 par, due 12/1/2036 (1)554,085 
UNIVERSITY OF PENNSYLVANIA2.942%, $1,500,000 par, due 8/15/2039 (1)1,560,360 
US Bancorp2.400%, $980,000 par, due 7/30/2024 (1)1,012,707 
US Bank NA/Cincinnati OH2.050%, $820,000 par, due 1/21/2025 (1)838,957 
US Bank NA/Cincinnati OH2.800%, $540,000 par, due 1/27/2025 (1)564,175 
USAA Capital Corp2.125%, $190,000 par, due 5/1/2030 (1)190,160 
Ventas Realty LP4.400%, $1,370,000 par, due 1/15/2029 (1)1,556,049 
Ventas Realty LP3.500%, $721,000 par, due 2/1/2025 (1)760,293 
Ventas Realty LP2.650%, $200,000 par, due 1/15/2025 (1)206,111 
Verizon Communications Inc2.625%, $530,000 par, due 8/15/2026 (1)552,080 
Verizon Communications Inc2.100%, $2,390,000 par, due 3/22/2028 (1)2,396,486 
Verizon Communications Inc4.125%, $460,000 par, due 3/16/2027 (1)511,312 
Verizon Communications Inc2.355%, $1,603,000 par, due 3/15/2032 (1)1,581,425 
Verizon Owner Trust 2018-A3.230%, $11,796 par, due 4/20/2023 (1)11,815 
Verizon Owner Trust 2019-A2.930%, $718,637 par, due 9/20/2023 (1)722,573 
Verizon Owner Trust 2019-C1.940%, $5,808,832 par, due 4/22/2024 (1)5,848,634 
Verizon Owner Trust 2020-C0.410%, $4,820,000 par, due 4/21/2025 (1)4,797,953 
Vermont Std Asst Corp0.803%, $1,606,349 par, due 7/28/2034 (1)1,599,747 
Virginia Housing Development Authority3.100%, $361,579 par, due 6/25/2041 (1)365,130 
Vodafone Group PLC4.125%, $880,000 par, due 5/30/2025 (1)951,216 
Volkswagen Group of America Finance LLC3.350%, $700,000 par, due 5/13/2025 (1)736,778 
Volkswagen Group of America Finance LLC2.850%, $590,000 par, due 9/26/2024 (1)610,212 
Walt Disney Co/The3.800%, $1,385,000 par, due 3/22/2030 (1)1,555,140 
Washington & Multnomah Counties School Dist No 48J1.407%, $2,355,000 par, due 6/15/2027 (1)2,340,093 
WEC Energy Group Inc2.200%, $665,000 par, due 12/15/2028 (1)664,530 
WEC Energy Group Inc3.550%, $386,000 par, due 6/15/2025 (1)408,876 
*Wells Fargo Commercial Mortgage Trust 2013-LC124.218%, $743,000 par, due 7/15/2046 (1)769,368 
Welltower Inc3.625%, $308,000 par, due 3/15/2024 (1)323,977 
Welltower Inc4.125%, $2,191,000 par, due 3/15/2029 (1)2,452,154 
Welltower Inc2.050%, $550,000 par, due 1/15/2029 (1)541,782 
West Haymarket Joint Public Agency5.400%, $1,250,000 par, due 12/15/2030 (1)1,531,362 
WFRBS Commercial Mortgage Trust 2013-C113.071%, $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 partycollateral, par, or maturing valueCostCurrent value
WFRBS Commercial Mortgage Trust 2013-C123.198%, $2,585,047 par, due 3/15/2048 (1)$2,625,043 
WFRBS Commercial Mortgage Trust 2013-C174.023%, $468,000 par, due 12/15/2046 (1)487,339 
WFRBS Commercial Mortgage Trust 2013-UBS14.079%, $1,130,330 par, due 3/15/2046 (1)1,178,785 
WFRBS Commercial Mortgage Trust 2014-C203.995%, $3,274,000 par, due 5/15/2047 (1)3,429,875 
Wisconsin Electric Power Co2.050%, $1,920,000 par, due 12/15/2024 (1)1,965,030 
WISCONSIN ST GEN FUND APPROP2.096%, $1,480,000 par, due 5/1/2026 (1)1,515,816 
WRKCo Inc4.650%, $330,000 par, due 3/15/2026 (1)368,130 
WRKCo Inc3.000%, $1,260,000 par, due 9/15/2024 (1)1,313,794 
WRKCo Inc3.900%, $920,000 par, due 6/1/2028 (1)1,008,010 
Xcel Energy Inc1.750%, $465,000 par, due 3/15/2027 (1)461,110 
Yale University1.482%, $1,465,000 par, due 4/15/2030 (1)1,431,324 
BlackRock Treasury Trust Fund41,359,466 shares(1)41,359,466 
1,474,202,983 
Accrued income receivable6,548,176 
Payable for securities purchased on a forward
commitment basis(37,021,829)
Receivable for securities sold on a forward
commitment basis10,201,667 
Receivables for investment payments due108,981 
Total1,454,039,978 
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 America2.11%(1)— 
Royal Bank of Canada1.79%(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 Co2.650%, $230,000 par, due 4/15/2025 (1)240,157 
AbbVie Inc2.950%, $785,000 par, due 11/21/2026 (1)827,649 
AbbVie Inc3.200%, $1,285,000 par, due 11/21/2029 (1)1,375,194 
AerCap Ireland Capital DAC1.650%, $1,090,000 par, due 10/29/2024 (1)1,088,256 
Ally Auto Rec1.840%, $82,651 par, due 11/15/2022 (1)83,063 
Altria Group Inc2.350%, $525,000 par, due 5/6/2025 (1)537,542 
Amazon.com Inc1.650%, $1,065,000 par, due 5/12/2028 (1)1,067,375 
American Electric Power Co Inc1.000%, $570,000 par, due 11/1/2025 (1)557,608 
American Honda Finance Corp2.000%, $650,000 par, due 3/24/2028 (1)656,962 
American International Group Inc3.900%, $440,000 par, due 4/1/2026 (1)477,105 
American Tower Corp1.875%, $1,125,000 par, due 10/15/2030 (1)1,064,273 
Amgen Inc2.200%, $1,065,000 par, due 2/21/2027 (1)1,090,784 
Anheuser-Busch InBev SA/NV3.650%, $725,000 par, due 2/1/2026 (1)778,766 
Anthem Inc2.375%, $310,000 par, due 1/15/2025 (1)319,750 
Anthem Inc2.375%, $310,000 par, due 1/15/2025 (1)1,410,858 
Apple Inc1.400%, $305,000 par, due 8/5/2028 (1)298,830 
AT&T Inc1.650%, $845,000 par, due 2/1/2028 (1)827,779 
AT&T Inc4.350%, $885,000 par, due 3/1/2029 (1)994,917 
AvalonBay Communities Inc2.450%, $890,000 par, due 1/15/2031 (1)913,176 
Bank of America Corp2.087%, $1,195,000 par, due 6/14/2029 (1)1,187,615 
Bank of America Corp3.194%, $265,000 par, due 7/23/2030 (1)279,723 
Bank of America Corp3.419%, $2,750,000 par, due 12/20/2028 (1)2,938,155 
Bank of America Corp3.974%, $1,060,000 par, due 2/7/2030 (1)1,168,618 
Bank of America Corp4.000%, $245,000 par, due 1/22/2025 (1)261,738 
Bank of America Corp4.450%, $735,000 par, due 3/3/2026 (1)809,603 
BAT Capital Corp2.259%, $1,250,000 par, due 3/25/2028 (1)1,219,038 
Berkshire Hathaway Energy Co3.700%, $1,305,000 par, due 7/15/2030 (1)1,442,625 
Berkshire Hathaway Energy Co4.050%, $640,000 par, due 4/15/2025 (1)692,698 
BMW US Capital LLC3.800%, $550,000 par, due 4/6/2023 (1)570,328 
Boeing Co/The2.700%, $480,000 par, due 2/1/2027 (1)488,352 
Boeing Co/The4.508%, $790,000 par, due 5/1/2023 (1)825,187 
Boston Gas Co3.001%, $365,000 par, due 8/1/2029 (1)372,380 
Boston Properties LP3.400%, $1,105,000 par, due 6/21/2029 (1)1,173,875 
BP Capital Markets America Inc3.194%, $825,000 par, due 4/6/2025 (1)869,847 
Brazos Ed Loans2.060%, $465,000 par, due 3/25/2034 (1)465,660 
Bristol-Myers Squibb Co3.200%, $560,000 par, due 6/15/2026 (1)602,465 
Chevron Corp1.995%, $390,000 par, due 5/11/2027 (1)396,092 
Chevron USA Inc1.018%, $505,000 par, due 8/12/2027 (1)486,638 
Citibank CC Issuance Trust0.879%, $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 partycollateral, par, or maturing valueCostCurrent value
Citigroup Inc3.142%, $1,410,000 par, due 1/24/2023 (1)$1,411,777 
Citigroup Inc3.200%, $1,135,000 par, due 10/21/2026 (1)1,203,418 
Citigroup Inc3.352%, $680,000 par, due 4/24/2025 (1)710,144 
Citigroup Inc3.700%, $690,000 par, due 1/12/2026 (1)746,449 
Citigroup Inc4.412%, $625,000 par, due 3/31/2031 (1)714,475 
Citigroup Inc4.600%, $1,205,000 par, due 3/9/2026 (1)1,329,477 
Comcast Corp1.500%, $1,595,000 par, due 2/15/2031 (1)1,507,323 
Comcast Corp3.300%, $510,000 par, due 4/1/2027 (1)548,495 
Comcast Corp3.950%, $990,000 par, due 10/15/2025 (1)1,081,288 
Credit Suisse Group AG4.207%, $1,035,000 par, due 6/12/2024 (1)1,076,980 
CVS Health Corp3.625%, $1,225,000 par, due 4/1/2027 (1)1,330,056 
CVS Health Corp3.750%, $450,000 par, due 4/1/2030 (1)493,830 
CVS Health Corp4.300%, $215,000 par, due 3/25/2028 (1)241,445 
CVS Health Corp4.780%, $245,000 par, due 3/25/2038 (1)299,434 
Daimler Finance North America LLC2.700%, $1,215,000 par, due 6/14/2024 (1)1,255,970 
Dow Chemical Co/The3.625%, $615,000 par, due 5/15/2026 (1)662,878 
DTE Energy Co2.529%, $590,000 par, due 10/1/2024 (1)607,376 
Duke Energy Florida LLC1.750%, $1,330,000 par, due 6/15/2030 (1)1,277,771 
Duke Energy Florida LLC3.200%, $475,000 par, due 1/15/2027 (1)505,628 
Duke Energy Ohio Inc2.125%, $285,000 par, due 6/1/2030 (1)280,694 
DuPont de Nemours Inc4.493%, $1,255,000 par, due 11/15/2025 (1)1,387,340 
Emerson Electric Co2.000%, $1,315,000 par, due 12/21/2028 (1)1,313,764 
Equinix Inc1.550%, $980,000 par, due 3/15/2028 (1)943,397 
Equinor ASA2.875%, $1,865,000 par, due 4/6/2025 (1)1,947,116 
Equinor ASA3.000%, $1,040,000 par, due 4/6/2027 (1)1,097,730 
Equinor ASA3.700%, $50,000 par, due 3/1/2024 (1)52,741 
ERP Operating LP3.000%, $490,000 par, due 7/1/2029 (1)519,238 
Eversource Energy2.750%, $1,110,000 par, due 3/15/2022 (1)1,112,986 
Exelon Corp3.950%, $1,050,000 par, due 6/15/2025 (1)1,122,209 
Exxon Mobil Corp2.992%, $2,430,000 par, due 3/19/2025 (1)2,554,732 
FHLMC4.000%, $105,423 par, due 7/1/2049 (1)112,346 
FHLMC4.000%, $30,560 par, due 5/1/2049 (1)32,567 
FHLMC5.000%, $64,478 par, due 6/1/2049 (1)70,192 
Fifth Third Bancorp1.707%, $1,330,000 par, due 11/1/2027 (1)1,314,426 
Firstkey Homes Trust1.266%, $1,929,496 par, due 11/1/2025 (1)1,881,644 
Firstkey Homes Trust1.538%, $774,308 par, due 8/1/2026 (1)755,423 
Florida Power & Light Co2.850%, $510,000 par, due 4/1/2025 (1)532,766 
FNMA3.790%, $255,000 par, due 12/1/2023 (1)266,256 
FNMA5.000%, $40,118 par, due 3/1/2049 (1)43,973 
Fox Corp3.500%, $235,000 par, due 4/8/2030 (1)253,149 
Freddie Mac Coupon Strips0.000%, $205,000 par, due 7/15/2031 (1)172,280 
Goldman Sachs Group Inc/The1.542%, $1,845,000 par, due 9/10/2027 (1)1,808,672 
Goldman Sachs Group Inc/The2.650%, $885,000 par, due 10/21/2032 (1)891,584 
Goldman Sachs Group Inc/The2.905%, $2,200,000 par, due 7/24/2023 (1)2,224,816 
Goldman Sachs Group Inc/The3.691%, $140,000 par, due 6/5/2028 (1)150,856 
Goldman Sachs Group Inc/The3.750%, $945,000 par, due 2/25/2026 (1)1,018,162 
Guardian Life Global Funding0.875%, $1,070,000 par, due 12/10/2025 (1)1,042,501 
Guardian Life Global Funding1.100%, $375,000 par, due 6/23/2025 (1)371,580 
HSBC Holdings PLC1.645%, $2,320,000 par, due 4/18/2026 (1)2,301,718 
HSBC Holdings PLC4.300%, $200,000 par, due 3/8/2026 (1)219,260 
HSBC Holdings PLC4.583%, $755,000 par, due 6/19/2029 (1)846,438 
HSBC Holdings PLC4.950%, $260,000 par, due 3/31/2030 (1)305,373 
JPMorgan Chase & Co1.470%, $1,350,000 par, due 9/22/2027 (1)1,324,093 
JPMorgan Chase & Co1.578%, $875,000 par, due 4/22/2027 (1)865,156 
JPMorgan Chase & Co2.005%, $925,000 par, due 3/13/2026 (1)936,285 
JPMorgan Chase & Co2.956%, $490,000 par, due 5/13/2031 (1)507,846 
JPMorgan Chase & Co3.900%, $1,680,000 par, due 7/15/2025 (1)1,818,600 
JPMorgan Chase & Co4.452%, $850,000 par, due 12/5/2029 (1)965,456 
Keurig Dr Pepper Inc4.417%, $750,000 par, due 5/25/2025 (1)816,300 
KeyCorp2.250%, $1,390,000 par, due 4/6/2027 (1)1,413,672 
Kimberly-Clark Corp3.100%, $230,000 par, due 3/26/2030 (1)248,064 
Kinder Morgan Inc4.300%, $920,000 par, due 6/1/2025 (1)994,575 
Lowe's Cos Inc1.300%, $805,000 par, due 4/15/2028 (1)772,116 
Lowe's Cos Inc4.500%, $1,055,000 par, due 4/15/2030 (1)1,225,794 
Mastercard Inc3.300%, $510,000 par, due 3/26/2027 (1)551,458 
McDonald's Corp2.625%, $575,000 par, due 9/1/2029 (1)593,670 
McDonald's Corp3.500%, $1,205,000 par, due 7/1/2027 (1)1,307,606 
McDonald's Corp3.600%, $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 partycollateral, par, or maturing valueCostCurrent value
Merck & Co Inc1.450%, $1,375,000 par, due 6/24/2030 (1)$1,318,034 
Metropolitan Life Global Funding I0.950%, $620,000 par, due 7/2/2025 (1)611,463 
Mondelez International Inc2.750%, $315,000 par, due 4/13/2030 (1)324,929 
Morgan Stanley2.720%, $720,000 par, due 7/22/2025 (1)742,104 
Morgan Stanley3.125%, $1,210,000 par, due 7/27/2026 (1)1,282,491 
Morgan Stanley3.125%, $630,000 par, due 1/23/2023 (1)645,989 
Morgan Stanley3.622%, $2,350,000 par, due 4/1/2031 (1)2,563,286 
Morgan Stanley3.875%, $260,000 par, due 4/29/2024 (1)275,673 
Morgan Stanley4.431%, $590,000 par, due 1/23/2030 (1)672,907 
Navient Student Loans0.840%, $107,354 par, due 5/15/2028 (1)105,879 
Navient Student Loans1.220%, $795,127 par, due 7/15/2024 (1)790,587 
Navient Student Loans1.310%, $416,032 par, due 9/25/2033 (1)399,865 
Navient Student Loans1.580%, $890,000 par, due 8/15/2028 (1)886,849 
Navient Student Loans1.690%, $175,751 par, due 10/15/2027 (1)175,942 
Navient Student Loans3.130%, $519,673 par, due 11/15/2023 (1)528,481 
Navient Student Loans3.190%, $146,723 par, due 10/15/2022 (1)147,938 
Navient Student Loans3.390%, $338,832 par, due 3/15/2026 (1)349,173 
Navient Student Loans4.000%, $217,673 par, due 7/15/2026 (1)226,023 
New York Life Global Funding2.900%, $1,670,000 par, due 1/17/2024 (1)1,730,938 
NIKE Inc2.750%, $305,000 par, due 3/27/2027 (1)323,318 
Northwestern Mutual Global Funding0.800%, $595,000 par, due 1/14/2026 (1)578,138 
NVIDIA Corp2.850%, $1,015,000 par, due 4/1/2030 (1)1,079,138 
Oracle Corp2.950%, $230,000 par, due 11/15/2024 (1)239,251 
Otis Worldwide Corp2.056%, $975,000 par, due 4/5/2025 (1)991,604 
PayPal Holdings Inc1.650%, $2,220,000 par, due 6/1/2025 (1)2,248,083 
Pfizer Inc2.625%, $610,000 par, due 4/1/2030 (1)643,391 
Philip Morris International Inc2.875%, $1,500,000 par, due 5/1/2024 (1)1,559,715 
Phillips 661.300%, $340,000 par, due 2/15/2026 (1)332,782 
Private Export Funding Corp0.550%, $670,000 par, due 7/30/2024 (1)661,457 
Prologis LP2.125%, $520,000 par, due 4/15/2027 (1)528,840 
Public Service Enterprise Group Inc1.600%, $830,000 par, due 8/15/2030 (1)770,207 
Public Service Enterprise Group Inc2.650%, $745,000 par, due 11/15/2022 (1)755,534 
Reckitt Benckiser Treasury Services PLC2.750%, $1,605,000 par, due 6/26/2024 (1)1,658,703 
Republic Services Inc1.450%, $1,270,000 par, due 2/15/2031 (1)1,182,332 
Resolution Funding Corp Interest Strip0.000%, $705,000 par, due 1/15/2030 (1)615,282 
Resolution Funding Corp Principal Strip0.000%, $920,000 par, due 4/15/2030 (1)796,205 
Roper Technologies Inc1.000%, $340,000 par, due 9/15/2025 (1)332,343 
Santander DR Auto Rec0.280%, $286,851 par, due 7/15/2022 (1)286,799 
Schlumberger Finance Canada Ltd1.400%, $300,000 par, due 9/17/2025 (1)299,025 
Siemens Financieringsmaatschappij NV1.200%, $900,000 par, due 3/11/2026 (1)885,762 
Southern California Edison Co0.700%, $540,000 par, due 8/1/2023 (1)536,706 
Southern Co/The1.750%, $540,000 par, due 3/15/2028 (1)526,063 
Southern Co/The2.950%, $920,000 par, due 7/1/2023 (1)942,236 
Southwestern Electric Power Co1.650%, $335,000 par, due 3/15/2026 (1)332,434 
T-Mobile USA Inc2.400%, $520,000 par, due 3/15/2029 (1)525,496 
TransCanada PipeLines Ltd4.625%, $75,000 par, due 3/1/2034 (1)88,162 
TSMC Arizona Corp1.750%, $1,220,000 par, due 10/25/2026 (1)1,221,269 
TSMC Global Ltd1.375%, $1,515,000 par, due 9/28/2030 (1)1,406,783 
Union Pacific Corp3.950%, $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 partycollateral, par, or maturing valueCostCurrent value
United Parcel Service Inc3.900%, $975,000 par, due 4/1/2025 (1)$1,052,561 
United States Treasury Note/Bond0.750%, $49,180,000 par, due 12/31/2023 (1)49,197,213 
United States Treasury Note/Bond1.000%, $33,695,000 par, due 12/15/2024 (1)33,739,814 
United States Treasury Note/Bond1.250%, $34,510,000 par, due 12/31/2026 (1)34,496,541 
United States Treasury Note/Bond1.375%, $6,475,000 par, due 10/31/2028 (1)6,453,762 
United States Treasury Note/Bond1.375%, $67,860,000 par, due 12/31/2028 (1)67,616,383 
United States Treasury Note/Bond1.750%, $10,130,000 par, due 8/15/2041 (1)9,853,046 
United States Treasury Note/Bond2.000%, $630,000 par, due 8/15/2051 (1)645,359 
United States Treasury Note/Bond2.000%, $900,000 par, due 11/15/2041 (1)913,221 
US 10YR NOTE CBT6.000%, $8,500,000 par, due 3/31/2022 (1)48,609 
US 10YR Ultra6.000%, $9,600,000) par, due 3/31/2022(1)(188,023)
US Long Bond6.000%, $5,700,000) par, due 3/31/2022 (1)(11,578)
US Ultra Bond6.000%, $2,400,000) par, due 3/31/2022 (1)(45,278)
USAA Capital Corp2.125%, $275,000 par, due 5/1/2030 (1)275,228 
Verizon Communications Inc1.750%, $1,820,000 par, due 1/20/2031 (1)1,724,505 
Verizon Communications Inc2.355%, $725,000 par, due 3/15/2032 (1)715,241 
Verizon Communications Inc4.500%, $675,000 par, due 8/10/2033 (1)794,576 
Viatris Inc2.300%, $135,000 par, due 6/22/2027 (1)135,875 
Viatris Inc2.700%, $180,000 par, due 6/22/2030 (1)180,821 
Volkswagen Group of America Finance LLC0.875%, $840,000 par, due 11/22/2023 (1)834,481 
Volkswagen Group of America Finance LLC2.900%, $1,145,000 par, due 5/13/2022 (1)1,154,332 
Walmart Inc1.500%, $510,000 par, due 9/22/2028 (1)507,302 
Walt Disney Co/The3.350%, $1,380,000 par, due 3/24/2025 (1)1,468,292 
WEC Energy Group Inc0.800%, $660,000 par, due 3/15/2024 (1)653,341 
Westlake Auto Rec0.320%, $364,573 par, due 7/15/2023 (1)363,140 
Wisconsin Electric Power Co1.700%, $240,000 par, due 6/15/2028 (1)235,291 
BlackRock Treasury Trust Fund17,887,209 shares(1)17,887,209 
360,908,804 
Accrued income receivable1,172,342 
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 basis36,414,139 
Payable for investment payments due(4,032,188)
Total357,856,158 
Total underlying securities of
security-backed contracts4,757,166,750 
Collective Investment Fund
*Wells Fargo/BlackRock Short Term Investment Fund S212,268,459 units(1)212,268,459 
212,268,459 
4,969,435,209 
*Wells Fargo – ESOP Fund
Wells Fargo & Company common stock - allocatedCommon stock fund8,257,537,0609,603,776,147 
Wells Fargo ESOP – unallocatedConvertible preferred stock646,272,223699,820,363 
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.
55


EXHIBITS
    
Exhibit No.DescriptionLocation
Filed herewith.

        
    

56


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)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Wells Fargo
Grafico Azioni Wells Fargo (NYSE:WFC)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Wells Fargo