AEP - American Electric Power Company Inc.
06/29/2022 | Press release | Distributed by Public on 06/29/2022 14:21
Annual Report of Employee Stock Purchase/Savings Plan (Form 11-K)
Document
| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| WASHINGTON, D.C. 20549 | |
| FORM 11-K | |
| (Mark One) | |
| x | ANNUAL REPORT PURSUANT TO SECTION 15(d) |
| OF THE SECURITIES EXCHANGE ACT OF 1934 | |
| For the year ended December 31, 2021 | |
| OR | |
| o | TRANSITION REPORT PURSUANT TO SECTION 15(d) |
| OF THE SECURITIES EXCHANGE ACT OF 1934 | |
| For the transition period from __________ to __________ | |
| Commission File Number: 1 - 3525 | |
| AEP RETIREMENT SAVINGS 401(K) PLAN | |
| (Full title of the plan) | |
| AMERICAN ELECTRIC POWER COMPANY, INC. | |
| 1 Riverside Plaza, Columbus, Ohio 43215 | |
| (Name of issuer of the securities held | |
| pursuant to the plan and the address | |
| of its principal executive office) |
AEP RETIREMENT SAVINGS 401(K) PLAN
INDEX
December 31, 2021 and 2020
|
Page Number |
|
| Signatures |
2
|
| Reports of Independent Registered Public Accounting Firm |
3
|
| Financial Statements | |
| Statements of Net Assets Available for Benefits |
4
|
| Statements of Changes in Net Assets Available for Benefits |
5
|
| Notes to Financial Statements |
6
|
| Supplemental Schedule | |
| Schedule of Assets (Held as of End of Year) |
20
|
| Exhibit Index |
46
|
| Exhibit 23(1) | |
| Note: Other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting with Disclosure under the Employee Retirement Income Security Act of 1974 (ERISA) have been omitted because they are not applicable. |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Benefits Finance Committee has duly caused this annual report to be signed by the undersigned thereunto duly authorized
By:
/s/ Julie A. Sherwood
Julie A. Sherwood, SVP Treasury & Risk
2
Report of Independent Registered Public Accounting Firm
Benefits Finance Committee and Participants
AEP Retirement Savings 401(k) Plan
Columbus, Ohio
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of the AEP Retirement Savings 401(k) Plan (the "Plan") as of December 31, 2021 and 2020, the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively, the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2021 and 2020, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's 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. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risk 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 the Plan's management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental information in the accompanying 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 presented for the purpose of additional analysis and is not a required part of the financial statements but included supplemental information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. 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/ BDO USA, LLP
We have served as the Plan's auditor since 2021.
Columbus, Ohio
June 29, 2022
3
AEP RETIREMENT SAVINGS 401(K) PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2021 and 2020
| December 31, | ||||
| 2021 | 2020 | |||
| ASSETS | ||||
| Investments at Fair Value | $ | 5,045,915,545 | $ | 4,618,797,947 |
| Investments at Contract Value | 629,250,299 | 681,788,963 | ||
| Notes Receivable from Participants | 55,361,807 | 63,362,301 | ||
| NET ASSETS AVAILABLE FOR BENEFITS | $ | 5,730,527,651 | $ | 5,363,949,211 |
|
See Notes to Financial Statements beginning on page 6.
|
4
AEP RETIREMENT SAVINGS 401(K) PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
For the Years Ended December 31, 2021 and 2020
| Years Ended December 31, | ||||
| 2021 | 2020 | |||
| INVESTMENT INCOME | ||||
| Net Appreciation in Investments | $ | 674,803,272 | $ | 597,184,616 |
| Interest and Dividends | 23,738,442 | 27,190,595 | ||
| Total Investment Income | 698,541,714 | 624,375,211 | ||
| CONTRIBUTIONS | ||||
| Participants | 200,103,460 | 201,972,224 | ||
| Employer | 78,631,507 | 80,639,433 | ||
| Total Contributions | 278,734,967 | 282,611,657 | ||
|
INTEREST INCOME ON NOTES RECEIVABLE FROM PARTICIPANTS
|
3,070,484 | 3,730,303 | ||
| DISTRIBUTIONS TO PARTICIPANTS | (605,668,883) | (509,504,366) | ||
| ADMINISTRATIVE AND MANAGEMENT FEES | ||||
| Professional Fees | (671,220) | (338,350) | ||
| Investment Advisory and Management Fees | (7,058,886) | (5,927,868) | ||
| Other Fees | (369,736) | (475,567) | ||
| Total Administrative and Management Fees | (8,099,842) | (6,741,785) | ||
| NET INCREASE IN NET ASSETS | 366,578,440 | 394,471,020 | ||
|
NET ASSETS AVAILABLE FOR BENEFITS BEGINNING OF YEAR
|
$ | 5,363,949,211 | $ | 4,969,478,191 |
| NET ASSETS AVAILABLE FOR BENEFITS END OF YEAR | $ | 5,730,527,651 | $ | 5,363,949,211 |
|
See Notes to Financial Statements beginning on page 6.
|
5
AEP RETIREMENT SAVINGS 401(K) PLAN
NOTES TO FINANCIAL STATEMENTS
For the Years Ended December 31, 2021 and 2020
1. PLAN DESCRIPTION
The following description of the AEP Retirement Savings 401(k) Plan (Plan) is provided for general information purposes only. Participants should refer to the Plan documents for a more complete description of the Plan's information. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
General
The Plan is a defined contribution plan that became effective and commenced operations on January 1, 1978. The Plan covers full-time and part-time employees of the participating subsidiaries of American Electric Power Company, Inc. (AEP or the Company) who are not excluded by the terms of the Plan, such as pursuant to a unionized collective bargaining agreement. American Electric Power Service Corporation (AEPSC) is the plan administrator (Plan Administrator) and plan sponsor (Plan Sponsor). AEPSC is a wholly-owned subsidiary of AEP. JPMorgan Chase Bank (JPMorgan) was the primary trustee for the Plan (the Trustee) until the transition to The Bank of New York Mellon (BNYM) as primary trustee commenced effective January 29, 2021. Great-West Financial Retirement Plan Services, LLC (Empower Retirement) is the plan record keeper. AEPSC appointed Great-West Trust Company, LLC (GWTC) as the trustee/custodian for certain cash held on behalf of the Plan pending investment or disbursement.
Contributions
Newly eligible employees are automatically enrolled in the Plan with a 3% pretax deferral. Such deferrals automatically increase each year by 1% to a maximum of 6%. Employees may opt out of the automatic enrollment or revise their elections after they are notified of their right not to have such pretax deferrals made on their behalf and how their account will be invested in the absence of their making an investment election. Generally, eligible employees participating in the Plan may make contributions (pretax, after-tax or Roth 401(k) contributions) in 1% increments up to 50% of their eligible pay (within Internal Revenue Service (IRS) limits), although pretax and Roth 401(k) amounts are limited to $19,500 for 2021 and 2020. Participants who are age 50 and older are eligible to contribute additional pretax or Roth 401(k) amounts as catch-up contributions. The catch-up contribution limit was $6,500 for 2021 and 2020. An employee who is eligible to participate in the Plan also may roll eligible retirement benefits into the Plan.The participating employers contribute to the Plan, on behalf of each participant, an amount equal to 100% of the participant's non-rollover contributions up to 1% of the participant's eligible compensation for each payroll period, plus 70% of the participant's contributions for the next 5% of the participant's eligible compensation for each payroll period, subject to certain limitations. All contributions that are withheld from a participant's pay or are made by the participating employers are deposited in the AEP Retirement Savings 401(k) Plan Trust after each pay period. The Plan, in a manner consistent with the requirements under Section 401 of the Internal Revenue Code (IRC), restricts the amount that certain participants who are deemed highly compensated may contribute to the Plan, provided that it is AEPSC's intent that the Plan include a "qualified automatic contribution arrangement" (as defined in Section 401(k)(13) of the IRC), such that only the after-tax contributions made by such highly compensated participants may be subject to such restrictions.
Notes Receivable from Participants
Participants generally may borrow from their savings plan accounts a minimum of $1,000 but no more than the lesser of $50,000 or 50% of their account balance. During March 2020, the Coronavirus Aid, Relief and Economic Security Act ("CARES Act") was signed into law. Pursuant to the CARES Act, the Company changed the Plan to temporarily allow certain qualified participants to obtain COVID-19 related plan loans for the lesser of: (1) $100,000 (increased from $50,000), or (2) 100% (increased from 50%) of the participant's vested account balance. This was only available for plan loans made during the period from March 27, 2020 to September 22, 2020. The CARES Act also provided relief to participants with outstanding plan loans (on or after March 27, 2020) by
6
allowing for a suspension of the loan payments (due from March 27, 2020 through December 31, 2020). During the suspension period, interest continued to accrue. The term of the loan may extend for a period of up to one year without violating the original term period. Loan terms range from 12 months to 60 months (or up to 180 months for certain residential loans), or any monthly increment in-between. Interest rates, fixed for the life of the loan, are calculated by adding 1% to the prime rate, as reported in the Wall Street Journal as of the first business day of the calendar month in which the loan is taken.Active employees repay principal and interest payments through payroll deductions.
Participant loans and the accrued interest are collateralized by the account balance, and upon default, the outstanding balance is subject to income taxes and possible tax penalty. No allowance for credit losses has been recorded at December 31, 2021 or 2020.
Participant Accounts
Individual accounts are maintained for each Plan participant. Each participant's account is credited with the participant's contributions, the Company's contributions and investment earnings and losses and charged with benefit payments and allocations of Plan expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant's account.
Participants may transfer the value of their cumulative contributions, in any whole percentage or dollar amount, among investments, and change their investment elections on a daily basis. Participants may change their payroll contribution elections coinciding with the Company's payroll periods.
Participants may make investments in 1% increments among various unitized funds established by the Plan including index funds, bond funds, growth funds, value funds, target date funds, and a stable value fund. The assets of each of the funds are held in the custody of the Trustee, and record-kept at the participant level by Empower Retirement. As the Plan owns the underlying assets of each of these funds, the financial statements present the underlying investments of these unitized funds. In the absence of a participant-directed investment, contributions are invested in a target date fund based on the participant's date of birth and estimated retirement date.
The AEP Stock Fund is an investment option in the Plan. Participants can elect to have dividends generated from their unitized holdings in the AEP Stock Fund paid out in cash, rather than automatically reinvested in the fund. The dividend payouts are made periodically (at least annually) and are treated as ordinary income to the participants for tax purposes.
In addition to the above, the Plan offers a self-directed brokerage account (SDB) option that allows participants to invest in retail mutual funds and money market funds.
Vesting and Distribution
Participants are immediately vested in their pretax, after-tax, Roth 401(k) and the Company contributions, including earnings thereon; provided that certain matching contributions made to participants of the AEP Energy, Inc. 401(k) Retirement Plan may be only partially vested in accordance with existing vesting positions of this plan.Excluding participants' pretax and Roth 401(k) contributions, profit sharing contributions, and post-2008 Company matching contributions, all participants may make an unlimited number of withdrawals of their interest in the Plan at any time, including their pre-2009 Company matching contributions. Pretax, Roth 401(k) and profit sharing contributions are eligible for withdrawal by participants only after age 59-1/2, or earlier upon hardship (as defined by the Plan), or following termination of employment. Post-2008 Company matching contributions are eligible for withdrawal by participants only after age 59-1/2, or earlier following earlier termination of employment, but not upon hardship.Pursuant to the CARES Act, the Company has changed the Plan to allow certain qualified participants impacted by COVID-19 to take withdrawals up to $100,000 between January 1, 2020 and December 30, 2020. These COVID-19 related distributions were not subject to the early withdrawal penalty, or to 20% federal tax withholding; but they were subject to a 10% federal tax withholding requirement, and participants have the option to spread the applicable income tax resulting from the COVID-19 related distribution over a 3 year period.
7
Participant who obtained a COVID-19 related distribution may repay the distribution to an eligible retirement plan within the three-year period following the distribution to defer otherwise applicable taxation.
8
2. ACCOUNTING POLICIES
Basis of Accounting
The accompanying financial statements are prepared on an accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (GAAP).
Investment Valuation and Income Recognition
Participants direct the investment of their plan accounts among various investment options offered by the Plan. Investments in securities are reported at fair value while fully benefit responsive investment contracts are reported at contract value. Fair value of a financial instrument is 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.
Purchases and sales of securities have been recorded on a trade-date basis. Net appreciation includes the Plan's gains or losses on investments bought or sold as well as held throughout the year. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date. These amounts are reinvested by the Trustee in the funds that generated such income with the exception of the AEP Stock Fund, which pays or reinvests dividends at the direction of each participant.
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 not recorded as distributions until actually distributed based on the terms of the Plan document.
Administrative and Management Fees
Administrative and Management Fees incurred relating to JPMorgan, Empower Retirement and BNYM during 2021 and 2020 totaled $2,539,267 and $2,314,433, respectively. The Plan directly pays for administrative, record keeping and management fees. Fees related to the administration of Notes Receivable from Participants are charged directly to the participant's account and are included in the administrative expenses. Investment related expenses are included in Net Appreciation in Investments.
Distributions to Participants
Distributions to participants are recorded when paid.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein and disclosure of contingent assets. The estimates and assumptions used are based upon management's evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from the estimates.
Fair Value Measurements of Assets
The accounting guidance for "Fair Value Measurements and Disclosures" establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). AEPSC's staff independently monitors valuation policies and procedures and provides members of the Benefits Finance Committee (BFC) and its Investment Subcommittee (IC) various monthly and quarterly reports, regarding compliance with policies and procedures. As of December 31, 2021, the BFC consisted of AEPSC's Chief Financial Officer, Treasurer, Senior Vice President - Chief Human Resources Officer, Senior Vice President - Strategy and Transformation, Executive Vice President - General
9
Counsel, and the Executive Vice President - Portfolio Optimization. The IC consists of AEPSC's Treasurer, Director of Trusts and Investments and two Managing Directors of Corporate Finance.
The Plan utilizes its Trustee's external pricing service to estimate the fair value of the underlying investments held in the Plan. The Plan's investment managers review and validate the prices utilized by the Trustee to determine fair value. The Plan Administrator performs its own valuation testing to verify the fair values of the securities, in part by reviewing audit reports of the Trustee's operating controls and valuation processes.
Assets in the Plan are classified using the following methods. Equities are classified as Level 1 holdings if they are actively traded on exchanges. Items classified as Level 1 are investments in equity securities and registered investment companies. They are valued based on observable inputs primarily unadjusted quoted prices in active markets for identical assets. Items classified as Level 2 are primarily investments in individual fixed income securities. Fixed income securities generally do not trade on exchanges and do not have an official closing price but their valuation inputs are based on observable market data.
The Trustee uses multiple pricing vendors for the assets held in trust. The Trustee's pricing vendors calculate bond valuations using financial models and matrices. The models use observable inputs including yields on benchmark securities, quotes by securities brokers, rating agency actions, discounts or premiums on securities compared to par prices, changes in yields for U.S. Treasury securities, corporate actions by bond issuers, prepayment schedules and histories, economic events and, for certain securities, adjustments to yields to reflect changes in the rate of inflation. Cash equivalent funds are held to provide liquidity and meet short term cash needs. The underlying holdings in the cash funds may consist of commercial paper, certificates of deposit, treasury bills, and other short-term debt securities. Short-term debt securities are valued based on observable market data by the trust banks pricing vendor. Other securities with model-derived valuation inputs that are observable are also classified as Level 2 investments. Investments with unobservable valuation inputs are classified as Level 3 investments. Investments classified as "Other" are valued using Net Asset Value (NAV) as a practical expedient. Items classified as Other are primarily cash equivalent funds and common collective trusts. These investments do not have a readily determinable fair value or they contain redemption restrictions which may include the right to suspend redemptions under certain circumstances. Redemption restrictions on common collective trusts may also prevent certain investments from being redeemed at the reporting date for the underlying value. There are no unfunded commitments for investments in common collective trusts.
10
3. PLAN TERMINATION
Although it has not expressed any intent to do so, AEPSC has the right to take such actions as will allow contributions to the Plan to be discontinued at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, affected participants would be made 100 percent vested in their accounts.
11
4. INVESTMENT CONTRACTS
The Plan's Managed Income Fund provides a stable value investment option that includes fully benefit-responsive synthetic investment wrap contracts which assure the book value of investments in that fund for plan participants. The fund's underlying assets, which are held in a trust, utilize wrap contracts issued by four financial institutions as of December 31, 2021 and 2020. The fund's underlying investment or investments, usually a portfolio owned by the Plan, consist primarily of high quality, intermediate term fixed income securities and guaranteed investment contracts. The contracts provide that participants execute plan transactions at contract value. Contract value represents contributions made to the fund, plus credited interest, less participant withdrawals, without regard to changes in the fair value of the investments and securities underlying the fund. The rates for crediting interest are reset periodically based on market rates of other similar investments, the current yield of the underlying investments and the spread between the market value and contract value. The interest crediting rate cannot be less than 0%. Certain events initiated by the Plan Sponsor, such as a plan termination or a plan merger, would limit the ability of the Plan to administer participant-level transactions at contract value or may allow for the termination of the wrap contract at market value, rather than contract value.
The Plan Sponsor does not believe that any events that may limit the ability of the plan to transact at contract value are probable as of December 31, 2021 or the date these financial statements are issued.
12
5. RELATED PARTY AND PARTY-IN-INTEREST TRANSACTIONS
Certain transactions involving the Plan and its assets during 2020 and 2021 involved parties in interest with respect to the Plan, but those transactions were not prohibited transactions under ERISA because of the applicability of one or more exemptions. The exempt party-in-interest transactions involving the Plan included the following: JPMorgan has acted as trustee and custodian under the Plan, while its affiliates have acted as (a) investment managers for a number of the Plan's investment options, (2) BNYM has acted as trustee and custodian under the Plan, while Mellon, an affiliate has acted as an investment manager in connection with the index funds held under the Plan's investment options and (3) GWTC has been acting as a trustee and custodian under the Plan, while its affiliates have acted as (a) the Plan's record keeper and (b) investment advisor or investment manager for a number of plan participants with respect to the amounts held in their Plan accounts. Notes receivable from participants held by the Plan are also considered party-in-interest transactions. Certain investments within the Self Directed Brokerage account are considered party-in-interest transactions.
As of December 31, 2021 and 2020, the Plan held 3,583,960and 3,879,879 shares, respectively, of common stock of American Electric Power Company, Inc., the parent company of the Plan Sponsor, with a cost basis of$192,820,317 and $203,562,898, respectively. During the year ended December 31, 2021, the Plan acquired 146,976 shares of that common stock with a fair value of $12,298,450 and disposed of 442,895 shares with a fair value of $16,511,053. During the year ended December 31, 2020, the Plan acquired 485,324 shares of that common stock with a fair value of $40,685,494 and disposed of 635,323 shares with a fair value of $56,206,458. During the years ended December 31, 2021 and 2020, the Plan recorded dividend income of $11,413,199 and $11,123,089, respectively, related to its investment in that common stock.
13
6. FAIR VALUE MEASUREMENTS
For a discussion of fair value accounting and the classification of assets within the fair value hierarchy, see the "Fair Value Measurements of Assets" section of Note 2.
Plan Assets within the Fair Value Hierarchy as of December 31, 2021
| Level 1 | Level 2 | Level 3 | Other | Total | ||||||
| Equities | ||||||||||
| Corporate Stocks | $ | 704,278,150 | $ | - | $ | - | $ | - | $ | 704,278,150 |
| AEP Stock | 318,864,921 | - | - | - | 318,864,921 | |||||
| Subtotal Equities | 1,023,143,071 | - | - | - | 1,023,143,071 | |||||
| Common/Collective Trusts | ||||||||||
| Mellon Capital Small Cap Stock Index Fund (a) | - | - | - | 222,099,319 | 222,099,319 | |||||
| Mellon Capital Mid Cap Stock Index Fund (a) | - | - | - | 467,698,045 | 467,698,045 | |||||
| Mellon Capital Stock Index Fund (a) | - | - | - | 1,308,710,375 | 1,308,710,375 | |||||
| Mellon Capital International Stock Index Fund (a) | - | - | - | 717,537,755 | 717,537,755 | |||||
| Mellon Capital Aggregate Bond Index Fund (a) | - | - | - | 608,665,464 | 608,665,464 | |||||
|
Mellon Capital Treasury Inflation-Protected Securities Fund (a)
|
- | - | - | 27,585,802 | 27,585,802 | |||||
| JPMorgan Strategic Property Fund (a) | - | - | - | 86,941,287 | 86,941,287 | |||||
|
Mellon Capital Emerging Markets Stock Index Fund (a)
|
- | - | - | 58,080,968 | 58,080,968 | |||||
|
Columbia Trust Focused Large Cap Growth Fund (a)
|
- | - | - | 247,064,658 | 247,064,658 | |||||
| Sands International CIT (a) | - | - | - | 29,734,845 | 29,734,845 | |||||
| TCW Core Plus Bond Fund (a) | - | - | - | 74,892,930 | 74,892,930 | |||||
| Subtotal Common/Collective Trusts | - | - | - | 3,849,011,448 | 3,849,011,448 | |||||
| Self-Directed Brokerage Account (a) | 88,582,672 | - | - | 11,727,551 | 100,310,223 | |||||
| Registered Investment Companies | 31,650,980 | - | - | - | 31,650,980 | |||||
| Cash Equivalents (a) | - | - | - | 46,133,899 | 46,133,899 | |||||
| Accrued Items and Unsettled Trades (a) | 356,825 | - | - | (4,690,901) | (4,334,076) | |||||
| Total Assets Reflecting Investments at Fair Value | $ | 1,143,733,548 | $ | - | $ | - | $ | 3,902,181,997 | $ | 5,045,915,545 |
(a)Amounts in "Other" column represent investments for which fair value is measured using net asset value per share as practical expedient.
14
Plan Assets within the Fair Value Hierarchy as of December 31, 2020
| Level 1 | Level 2 | Level 3 | Other | Total | ||||||
| Equities | ||||||||||
| Corporate Stocks | $ | 682,098,487 | $ | - | $ | - | $ | - | $ | 682,098,487 |
| AEP Stock | 323,077,524 | - | - | - | 323,077,524 | |||||
| Subtotal Equities | 1,005,176,011 | - | - | - | 1,005,176,011 | |||||
| Common/Collective Trusts | ||||||||||
| JPMorgan Liquidity Fund (a) | - | - | - | 21,682,463 | 21,682,463 | |||||
| Mellon Capital Small Cap Stock Index Fund (a) | - | - | - | 210,808,132 | 210,808,132 | |||||
| Mellon Capital Mid Cap Stock Index Fund (a) | - | - | - | 401,692,712 | 401,692,712 | |||||
| Mellon Capital Stock Index Fund (a) | - | - | - | 1,109,531,125 | 1,109,531,125 | |||||
| Mellon Capital International Stock Index Fund (a) | - | - | - | 660,031,838 | 660,031,838 | |||||
| Mellon Capital Aggregate Bond Index Fund (a) | - | - | - | 575,341,739 | 575,341,739 | |||||
|
Mellon Capital Treasury Inflation-Protected Securities Fund (a)
|
- | - | - | 26,571,999 | 26,571,999 | |||||
| JPMorgan Strategic Property Fund (a) | - | - | - | 65,129,429 | 65,129,429 | |||||
|
Mellon Capital Emerging Markets Stock Index Fund (a)
|
- | - | - | 50,660,881 | 50,660,881 | |||||
|
Columbia Trust Focused Large Cap Growth Fund (a)
|
- | - | - | 246,556,207 | 246,556,207 | |||||
| MetWest Total Return Bond Fund (a) | - | - | - | 67,993,031 | 67,993,031 | |||||
| Subtotal Common/Collective Trusts | - | - | - | 3,435,999,556 | 3,435,999,556 | |||||
| Self-Directed Brokerage Account (a) | 81,368,294 | - | - | 13,720,131 | 95,088,425 | |||||
| Registered Investment Companies | 74,665,499 | - | - | - | 74,665,499 | |||||
| Cash Equivalents (a) | - | - | - | 4,659,795 | 4,659,795 | |||||
| Accrued Items and Unsettled Trades (a) | (337,453) | - | - | 3,546,114 | 3,208,661 | |||||
| Total Assets Reflecting Investments at Fair Value | $ | 1,160,872,351 | $ | - | $ | - | $ | 3,457,925,596 | $ | 4,618,797,947 |
(a)Amounts in "Other" column represent investments for which fair value is measured using net asset value per share.
15
The following tables set forth a summary of the Plan's investments with a reported Net Asset Value as a practical expedient as of December 31, 2021 and 2020:
Fair Value Estimated Using Net Asset Value per Share as of December 31, 2021
| Common/Collective Trusts | Fair Value |
Redemption Frequency (If currently eligible) |
Redemption Notice Period |
|
| Mellon Capital Small Cap Stock Index Fund | $ | 222,099,319 | Daily | Trade Date + 1 |
| Mellon Capital Mid Cap Stock Index Fund | 467,698,045 | Daily | Trade Date + 1 | |
| Mellon Capital Stock Index Fund | 1,308,710,375 | Daily | Trade Date + 1 | |
| Mellon Capital International Stock Index Fund | 717,537,755 | Daily | Trade Date + 1 | |
| Mellon Capital Aggregate Bond Index Fund | 608,665,464 | Daily | Trade Date + 1 | |
|
Mellon Capital Treasury Inflation-Protected Securities Fund
|
27,585,802 | Daily | Trade Date + 1 | |
| JPMorgan Strategic Property Fund | 86,941,287 | Quarterly | 30 Days | |
|
Mellon Capital Emerging Markets Stock Index Fund
|
58,080,968 | Daily | Trade Date + 1 | |
| Columbia Trust Focused Large Cap Growth Fund | 247,064,658 | Daily | Trade Date + 1 | |
| Sands International CIT | 29,734,845 | Daily | Trade Date + 1 | |
| TCW Core Plus Bond Fund | 74,892,930 | Daily | Trade Date + 1 | |
| Self-Directed Brokerage Account | 11,727,551 | Daily | Trade Date + 1 | |
| Total Assets | $ | 3,860,738,999 |
Fair Value Estimated Using Net Asset Value per Share as of December 31, 2020
| Common/Collective Trusts | Fair Value |
Redemption Frequency (If currently eligible) |
Redemption Notice Period |
|
| JPMorgan Liquidity Fund | $ | 21,682,463 | Daily | 1 Day |
| Mellon Capital Small Cap Stock Index Fund | 210,808,132 | Daily | Trade Date + 1 | |
| Mellon Capital Mid Cap Stock Index Fund | 401,692,712 | Daily | Trade Date + 1 | |
| Mellon Capital Stock Index Fund | 1,109,531,125 | Daily | Trade Date + 1 | |
| Mellon Capital International Stock Index Fund | 660,031,838 | Daily | Trade Date + 1 | |
| Mellon Capital Aggregate Bond Index Fund | 575,341,739 | Daily | Trade Date + 1 | |
|
Mellon Capital Treasury Inflation-Protected Securities Fund
|
26,571,999 | Daily | Trade Date + 1 | |
| JPMorgan Strategic Property Fund | 65,129,429 | Quarterly | 30 Days | |
|
Mellon Capital Emerging Markets Stock Index Fund
|
50,660,881 | Daily | Trade Date + 1 | |
| Columbia Trust Focused Large Cap Growth Fund | 246,556,207 | Daily | Trade Date + 1 | |
| MetWest Total Return Bond Fund | 67,993,031 | Daily | Trade Date + 1 | |
| Self-Directed Brokerage Account | 13,720,131 | Daily | Trade Date + 1 | |
| Total Assets | $ | 3,449,719,687 |
It is the Plan's policy to record transfers in and transfers out of each level at the end of each reporting period. There have been no transfers between Level 1, Level 2, and Level 3 during the years ended December 31, 2021 and 2020.
16
7. RISK AND UNCERTAINTIES
The Plan invests in various investment instruments, and investment securities are exposed to various risks, such as interest rate, credit and market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such change could materially affect the amounts reported in the financial statements.
17
8. FEDERAL INCOME TAX
The IRS has issued a favorable determination letter dated December 8, 2017 with respect to the Plan. A favorable determination letter indicates that, in the opinion of the IRS, the terms of the Plan meets the requirements of Section 401(a) of the IRC, and thereby recognizes the exempt status of the Plan's trust pursuant to Section 501(a) of the IRC.
The Plan has been amended subsequent to the issuance of thatIRS determination letter. Plan management believes that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC and that the Plan's trust continues to be tax-exempt. Therefore, no provision for income taxes has been included in the Plan's financial statements.
The Plan Administrator is required to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more than 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 asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there currently no audits for any tax periods in progress.
9. SUBSEQUENT EVENTS
The Plan evaluated subsequent events from December 31, 2021 through June 29, 2022, the date these financial statements were available to be issued. The Plan is not aware of any subsequent events that would require recognition or disclosure in the financial statements.
18
10. RECONCILIATION OF FINANCIAL STATEMENTS TO THE FORM 5500
The following tables are reconciliations of participant loans and net assets available for benefits per the financial statements to the Form 5500.
| January 1, | ||||
| Participant Loans - Schedule H, Part I, Line 1c(8), Column (a) | 2021 | 2020 | ||
| Beginning Balance per Financial Statements | $ | 63,362,301 | $ | 76,418,775 |
| Less: Loans Deemed Distributed with No Post-Default Payments | (5,579,961) | (5,492,568) | ||
| Balance Reported on Form 5500 | $ | 57,782,340 | $ | 70,926,207 |
| December 31, | ||||
| Participant Loans - Schedule H, Part I, Line 1c(8), Column (b) | 2021 | 2020 | ||
| Ending Balance per Financial Statements | $ | 55,361,807 | $ | 63,362,301 |
|
Less: Assets and Activity Related to Loans Deemed Distributed with No Post-Default Payments
|
(5,728,244) | (5,579,961) | ||
| Balance Reported on Form 5500 | $ | 49,633,563 | $ | 57,782,340 |
| January 1, | ||||
| Net Assets - Schedule H, Part I, Line 1l, Column (a) | 2021 | 2020 | ||
| Beginning Balance per Financial Statements | $ | 5,363,949,211 | $ | 4,969,478,191 |
| Less: Loans Deemed Distributed with No Post-Default Payments | (5,579,961) | (5,492,568) | ||
| Beginning Balance Reported on Form 5500 | $ | 5,358,369,250 | $ | 4,963,985,623 |
| December 31, | ||||
| Net Assets - Schedule H, Part I, Line 1l, Column (b) | 2021 | 2020 | ||
| Ending Balance per Financial Statements | $ | 5,730,527,651 | $ | 5,363,949,211 |
|
Less: Assets and Activity Related to Loans Deemed Distributed with No Post-Default Payments
|
(5,728,244) | (5,579,961) | ||
| Balance Reported on Form 5500 | $ | 5,724,799,407 | $ | 5,358,369,250 |
| December 31, | ||||
| Increase (Decrease) in Net Assets - Schedule H, Part II, Line 2k | 2021 | 2020 | ||
| Per Financial Statements | $ | 366,578,440 | $ | 394,471,020 |
| Less: Loans Deemed Distributed | (148,283) | (87,393) | ||
| Reported on Form 5500 | $ | 366,430,157 | $ | 394,383,627 |
19
| AEP RETIREMENT SAVINGS 401(K) PLAN |
| PLAN #002 EIN #13-4922641 |
| SCHEDULE OF ASSETS (HELD AT END OF YEAR) |
| DECEMBER 31, 2021 |
| Identity of Issuer, Borrower, Lessor or Similar Party | Current Value | |
| MANAGED INCOME FUND | ||
| MONEY MARKET FUND | ||
| JP MORGAN US GOVERNMENT MONEY MARKET | $ | 54,301,864 |
| TOTAL MONEY MARKEY FUND | $ | 54,301,864 |
| U.S. GOVERNMENT SECURITIES | ||
| CES MU2 LLC | $ | 864,488 |
| CROWLEY CONRO LLC | 652,971 | |
| DY9 LEASING LLC | 941,095 | |
| EXIM BANK OF THE UNITED STATES | 544,360 | |
| FANNIE MAE OR FREDDIE MAC | 35,727,004 | |
| FANNIE MAE POOL | 64,939,936 | |
| FANNIE MAE-ACES | 84,027 | |
| FREDDIE MAC GOLD POOL | 14,202,239 | |
| FREDDIE MAC MULTIFAM STRUCT PT CERT | 58,008 | |
| FREDDIE MAC MULTIFAMILY STRUCTURED PT CERTIFICATES | 3,519,164 | |
| FREDDIE MAC NON GOLD POOL | 2,965,598 | |
| FREDDIE MAC POOL | 15,819,783 | |
| GNMA | 3,338,651 | |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 1,258,785 | |
| HELIOS LEASING I LLC | 249,130 | |
| MSN 41079 AND 41084 LTD | 416,703 | |
| PETROLEOS MEXICANOS | 2,029,472 | |
| PHOENIX 2012 LLC | 502,531 | |
| RIMON LLC | 772,022 | |
| SBA SMALL BUSINESS INVESTMENT COS | 11,419,586 | |
| SEASONED CREDIT RISK TRANSFER TRUST | 741,090 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-2 | 222,003 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-3 | 173,121 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-1 | 648,111 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-2 | 735,149 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-3 | 474,958 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-2 | 2,033,410 | |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-3 | 6,996,552 | |
| UNITED STATES SMALL BUSINESS ADMINISTRATION | 2,665,534 | |
| UNITED STATES TREASURY NOTE/BOND | 112,565,044 | |
| TOTAL U.S. GOVERNMENT SECURITIES | $ | 287,560,525 |
| CORPORATE DEBT INSTRUMENTS - PREFERRED | ||
| 3M CO | $ | 41,991 |
| ABILENE INDEPENDENT SCHOOL DISTRICT | 553,509 | |
| ADVOCATE HEALTH & HOSPITALS CORP | 566,053 | |
| ALABAMA FEDERAL AID HIGHWAY FINANCE AUTHORITY | 995,565 | |
| AMEREN ILLINOIS CO | 407,275 | |
| ANTELOPE VALLEY COMMUNITY COLLEGE DISTRICT | 559,819 |
20
| ARCHER-DANIELS-MIDLAND CO | 175,441 | |
| ASCENSION HEALTH | 700,284 | |
| BANK OF AMERICA CORP | 5,929,661 | |
| BANK OF MONTREAL | 1,537,182 | |
| (a) | BANK OF NEW YORK MELLON CORP/THE | 126,355 |
| BANK OF NOVA SCOTIA/THE | 1,832,357 | |
| BMW US CAPITAL LLC | 1,199,529 | |
| BOERNE SCHOOL DISTRICT | 1,255,858 | |
| BP CAPITAL MARKETS AMERICA INC | 1,283,818 | |
| BRISTOL-MYERS SQUIBB CO | 486,060 | |
| CARGILL INC | 203,763 | |
| CATERPILLAR FINANCIAL SERVICES CORP | 600,279 | |
| CEDARS-SINAI HEALTH SYSTEM | 395,357 | |
| CHARLES SCHWAB CORP/THE | 389,612 | |
| CHEVRON CORP | 425,965 | |
| CHIPPEWA VALLEY SCHOOLS | 435,616 | |
| CHRISTUS HEALTH | 461,649 | |
| CHUBB INA HOLDINGS INC | 89,979 | |
| CITY & COUNTY OF HONOLULU HI | 512,864 | |
| CITY OF CHESAPEAKE VA | 471,517 | |
| CITY OF HOUSTON TX | 285,976 | |
| CLEVELAND CLINIC HEALTH SYSTEM | 844,309 | |
| COAST COMMUNITY COLLEGE DISTRICT | 472,350 | |
| COMMONWEALTH EDISON CO | 524,628 | |
| COMMONWEALTH OF MASSACHUSETTS | 883,592 | |
| CONNECTICUT LIGHT AND POWER CO/THE | 369,741 | |
| COUNTY OF BEXAR TX | 390,767 | |
| DEACONESS HEALTH, IN | 283,823 | |
| DEERE & CO | 126,103 | |
| DEKALB KANE LASALLE COUNTIES COMM COLLEGE DIST 523 | 244,818 | |
| DOMINION ENERGY SOUTH CAROLINA INC | 252,751 | |
| DTE ELECTRIC CO | 663,488 | |
| DUKE ENERGY CAROLINAS LLC | 698,692 | |
| DUKE ENERGY FLORIDA LLC | 415,998 | |
| DUKE ENERGY PROGRESS LLC | 999,148 | |
| EAST OHIO GAS CO/THE | 236,946 | |
| EMERSON ELECTRIC CO | 829,199 | |
| EMORY UNIVERSITY | 130,069 | |
| ENTERGY ARKANSAS LLC | 136,996 | |
| ENTERGY LOUISIANA LLC | 347,470 | |
| EQUINOR ASA | 885,749 | |
| EVERGY KANSAS CENTRAL INC | 104,986 | |
| EVERGY METRO INC | 484,225 | |
| EXXON MOBIL CORP | 264,953 | |
| FEDERATION DES CAISSES DESJARDIN DU QUEBEC | 630,319 | |
| FLORIDA POWER & LIGHT CO | 73,624 | |
| FLORIDA WATER POLLUTION CONTROL FINANCING CORP | 272,509 | |
| GGLAXOSMITHKLINE CAPITAL PLC | 149,642 | |
| GLAXOSMITHKLINE CAPITAL PLC | 738,221 | |
| GOLDMAN SACHS GROUP INC/THE | 4,129,809 | |
| HONOLULU CITY & COUNTY BOARD OF WATER SUPPLY | 220,687 | |
| HOUSTON TX UTILITY SYS REVENUE | 288,612 | |
| INDIANA UNIVERSITY | 766,959 | |
| INTEL CORP | 744,628 | |
| J PAUL GETTY TRUST/THE | 465,526 |
21
| JOBSOHIO BEVERAGE SYSTEM | 172,441 |
| JOHN DEERE CAPITAL CORP | 101,290 |
| JOHNS HOPKINS HEALTH SYSTEM CORP/THE | 261,222 |
| JPMORGAN CHASE & CO | 5,366,394 |
| KAISER FOUNDATION HOSPITALS | 705,727 |
| KELLER INDEPENDENT SCHOOL DISTRICT/TX | 559,956 |
| KENTUCKY UTILITIES CO | 850,341 |
| LAKOTA LOCAL SCHOOL DISTRICT/BUTLER COUNTY | 378,385 |
| LELAND STANFORD JUNIOR UNI BOARD OF TRUSTEES | 229,376 |
| LELAND STANFORD JUNIOR UNIVERSITY/THE | 261,420 |
| LINN COUNTY COMMUNITY SCHOOL DISTRICT NO 9 LEBANON | 1,615,242 |
| LOS ANGELES COMMUNITY COLLEGE DISTRICT/CA | 566,408 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | 370,928 |
| MASSACHUSETTS SCHOOL BUILDING AUTHORITY | 447,985 |
| MASSMUTUAL GLOBAL FUNDING II | 1,692,419 |
| MASTERCARD INC | 163,501 |
| MERCK & CO INC | 730,252 |
| MORGAN STANLEY | 3,766,379 |
| MOUNTAIN VIEW-WHISMAN SCHOOL DISTRICT | 369,165 |
| NESTLE HOLDINGS INC | 1,090,613 |
| NEW YORK AND PRESBYTERIAN HOSPITAL/THE | 393,434 |
| NEW YORK HOSPITAL FOR SPECIAL SURGERY | 87,663 |
| NEW YORK LIFE GLOBAL FUNDING | 1,264,859 |
| NEW YORK STATE DORMITORY AUTHORITY | 542,717 |
| NIKE INC | 109,405 |
| NORTH DAKOTA PUBLIC FINANCE AUTHORITY | 503,471 |
| NORTHERN STATES POWER CO/MN | 81,190 |
| NORTHWESTERN MUTUAL GLOBAL FUNDING | 392,123 |
| NTT FINANCE CORP | 926,572 |
| OHIOHEALTH CORP | 364,589 |
| OHLONE COMMUNITY COLLEGE DISTRICT | 497,908 |
| ONCOR ELECTRIC DELIVERY CO LLC | 1,003,926 |
| ORLANDO HEALTH OBLIGATED GROUP | 379,741 |
| PACIFIC LIFE GLOBAL FUNDING II | 148,233 |
| PACIFICORP | 1,130,694 |
| PEACEHEALTH OBLIGATED GROUP | 298,693 |
| PNC BANK NA | 359,989 |
| PRICOA GLOBAL FUNDING I | 403,309 |
| PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP | 760,693 |
| PUBLIC SERVICE ELECTRIC AND GAS CO | 844,720 |
| ROCHE HOLDINGS INC | 960,404 |
| ROCHESTER GAS AND ELECTRIC CORP | 381,156 |
| ROYAL BANK OF CANADA | 1,950,871 |
| SAN DIEGO COMMUNITY COLLEGE DISTRICT | 800,919 |
| SAN DIEGO UNIFIED SCHOOL DISTRICT/CA | 556,624 |
22
| SAN JOSE REDEVELOPMENT AGENCY SUCCESSOR AGENCY | 397,658 |
| SAN RAMON VALLEY UNIFIED SCHOOL DISTRICT/CA | 728,650 |
| SCHLUMBERGER FINANCE CANADA LTD | 295,555 |
| SCHLUMBERGER INVESTMENT SA | 853,703 |
| SHELL INTERNATIONAL FINANCE BV | 1,040,464 |
| SIEMENS FINANCIERINGSMAATSCHAPPIJ NV | 593,932 |
| SOUTH DAKOTA STATE BUILDING AUTHORITY | 568,571 |
| SPIRE MISSOURI INC | 550,278 |
| STANFORD HEALTH CARE | 353,615 |
| STATE OF HAWAII | 2,235,221 |
| STATE OF LOUISIANA GASOLINE & FUELS TAX REVENUE | 776,639 |
| STATE OF MISSISSIPPI | 916,846 |
| STATE OF NEW YORK | 1,197,458 |
| STATE OF OREGON | 1,031,318 |
| STATE OF TEXAS | 810,052 |
| STATE OF UTAH | 624,016 |
| STATE OF WASHINGTON | 812,624 |
| STATE OF WISCONSIN | 690,076 |
| STATE STREET CORP | 959,316 |
| SUTTER HEALTH | 184,329 |
| TARGET CORP | 134,643 |
| TEXAS TECH UNIVERSITY SYSTEM | 380,105 |
| TEXAS TRANSPORTATION COMMISSION | 414,621 |
| TEXAS TRANSPORTATION COMMISSION STATE HIGHWAY FUND | 424,702 |
| TORONTO-DOMINION BANK/THE | 1,854,510 |
| TOTALENERGIES CAPITAL INTERNATIONAL SA | 557,807 |
| TOYOTA MOTOR CREDIT CORP | 1,068,177 |
| TRINITY HEALTH | 664,950 |
| TRUIST BANK | 654,065 |
| TSMC ARIZONA CORP | 562,384 |
| TSMC GLOBAL LTD | 1,277,945 |
| TWIN FALLS COUNTY SCHOOL DIST NO 411 TWIN FALLS | 597,782 |
| UBS AG/LONDON | 594,811 |
| UNILEVER CAPITAL CORP | 129,530 |
| UNION ELECTRIC CO | 505,333 |
| UNITEDHEALTH GROUP INC | 128,072 |
| UNIVERSITY OF CALIFORNIA | 501,937 |
| UNIVERSITY OF MICHIGAN | 438,394 |
| UNIVERSITY OF PENNSYLVANIA | 331,177 |
| US BANK NA/CINCINNATI OH | 856,751 |
| VIRGINIA ELECTRIC AND POWER CO | 246,064 |
| WASHINGTON & CLACKAMAS SCHOOL | 545,177 |
| WESTPAC BANKING CORP | 252,275 |
| WISCONSIN ST GEN FUND APPROP | 550,815 |
23
| YALE UNIVERSITY | 1,060,746 | |
| TOTAL CORPORATE DEBT INSTRUMENTS - PREFERRED | $ | 106,191,112 |
| CORPORATE DEBT INSTRUMENTS - ALL OTHER | ||
| ABBVIE INC | $ | 1,626,227 |
| AGILENT TECHNOLOGIES INC | 187,448 | |
| ALEXANDRIA REAL ESTATE EQUITIES INC | 733,558 | |
| ALLIANT ENERGY FINANCE LLC | 197,137 | |
| ALLY AUTO RECEIVABLES TRUST 2019-3 | 127,041 | |
| AMERICAN EXPRESS CO | 1,459,801 | |
| AMERICAN HONDA FINANCE CORP | 1,108,223 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST | 518,358 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2019-3 | 140,122 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2020-2 | 620,677 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2020-3 | 884,538 | |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2021-3 | 303,360 | |
| AMPHENOL CORP | 563,320 | |
| ANALOG DEVICES INC | 37,027 | |
| ANGLO AMERICAN CAPITAL PLC | 989,875 | |
| ARI FLEET LEASE TRUST 2018-B | 50,396 | |
| ARI FLEET LEASE TRUST 2021-A | 642,015 | |
| ASTRAZENECA FINANCE LLC | 258,146 | |
| AT&T INC | 2,337,439 | |
| ATMOS ENERGY CORP | 284,481 | |
| BA CREDIT CARD TRUST | 473,744 | |
| BAE SYSTEMS HOLDINGS INC | 627,327 | |
| BAE SYSTEMS PLC | 277,553 | |
| BAKER HUGHES A GE CO LLC | 592,234 | |
| BAKER HUGHES LLC/CO-OBL | 437,917 | |
| BAXTER INTERNATIONAL INC | 1,651,044 | |
| BAYER US FINANCE II LLC | 902,021 | |
| BAYER US FINANCE LLC | 247,501 | |
| BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE | 332,330 | |
| BLACK HILLS CORP | 917,041 | |
| BMW VEHICLE LEASE TRUST 2021-1 | 857,366 | |
| BMW VEHICLE OWNER TRUST 2020-A | 596,239 | |
| BNP PARIBAS SA | 1,351,145 | |
| BNP PARIBAS SEC CORP | 344,309 | |
| BOEING CO/THE | 1,076,919 | |
| BOSTON PROPERTIES LP | 864,130 | |
| BRAZOS EDUCATION LOAN AUTHORITY | 785,675 | |
| BRAZOS EDUCATION LOAN AUTHORITY INC | 1,547,584 | |
| BRAZOS HIGHER EDUCATION AUTHORITY INC | 438,925 | |
| BROWN-FORMAN CORP | 160,959 |
24
| CANADIAN NATURAL RESOURCES LTD | 315,190 |
| CANADIAN PACIFIC RAILWAY CO | 712,961 |
| CAPITAL ONE BANK USA NA | 390,809 |
| CAPITAL ONE FINANCIAL CORP | 759,581 |
| CAPITAL ONE NA | 903,752 |
| CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2019-2 | 316,886 |
| CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2021-1 | 595,727 |
| CARMAX AUTO OWNER TRUST 2018-3 | 164,379 |
| CARMAX AUTO OWNER TRUST 2019-4 | 609,845 |
| CARMAX AUTO OWNER TRUST 2020-1 | 650,392 |
| CARMAX AUTO OWNER TRUST 2020-2 | 627,784 |
| CARMAX AUTO OWNER TRUST 2020-4 | 930,169 |
| CARMAX AUTO OWNER TRUST 2021-1 | 768,298 |
| CARRIER GLOBAL CORP | 831,441 |
| CENTERPOINT ENERGY RESOURCES CORP | 314,302 |
| CHESAPEAKE FUNDING II LLC | 1,209,733 |
| CHEVRON PHILLIPS CHEMICAL CO LLC | 310,609 |
| CIGNA CORP | 90,927 |
| CINTAS CORP NO 2 | 986,766 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2013-GC11 | 253,903 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2014-GC21 | 927,503 |
| CITIGROUP INC | 3,471,797 |
| CITIZENS BANK NA/PROVIDENCE RI | 273,560 |
| CLECO POWER LLC | 109,952 |
| CNH EQUIPMENT TRUST 2018-B | 161,750 |
| CNH EQUIPMENT TRUST 2021-C | 611,090 |
| COMCAST CORP | 914,541 |
| COMM 2012-CCRE5 MORTGAGE TRUST | 2,033,332 |
| COMM 2013-CCRE10 MORTGAGE TRUST | 495,222 |
| COMM 2013-CCRE6 MORTGAGE TRUST | 1,012,627 |
| COMM 2013-CCRE7 MORTGAGE TRUST | 311,565 |
| COMM 2013-LC6 MORTGAGE TRUST | 764,486 |
| COMM 2014-CCRE17 MORTGAGE TRUST | 1,429,183 |
| COMM 2014-CR14 MORTGAGE TRUST | 1,665,437 |
| COMMONSPIRIT HEALTH | 72,691 |
| COOPERATIEVE RABOBANK UA | 1,327,022 |
| CREDIT SUISSE GROUP AG | 1,740,441 |
| CRH AMERICA INC | 579,601 |
| CUBESMART LP | 219,722 |
| CVS HEALTH CORP | 829,859 |
| DAIMLER FINANCE NORTH AMERICA LLC | 1,795,352 |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC | 1,255,510 |
| DANONE SA | 514,783 |
| DELL EQUIPMENT FINANCE TRUST 2019-2 | 285,441 |
25
| DELL EQUIPMENT FINANCE TRUST 2020-1 | 113,911 |
| DELL EQUIPMENT FINANCE TRUST 2020-2 | 729,438 |
| DIAGEO CAPITAL PLC | 634,604 |
| DIGITAL REALTY TRUST LP | 287,122 |
| DLLAA 2021-1 LLC | 1,014,153 |
| DLLAD 2021-1 LLC | 628,719 |
| DLLMT 2021-1 LLC | 537,091 |
| DONLEN FLEET LEASE FUNDING 2 LLC | 790,631 |
| DUKE REALTY LP | 598,368 |
| DUPONT DE NEMOURS INC | 1,257,220 |
| EATON CORP | 143,244 |
| ECMC GROUP STUDENT LOAN TRUST 2018-2 | 854,883 |
| ECOLAB INC | 451,833 |
| EDLINC STUDENT LOAN FUNDING TRUST 2012-1 | 167,955 |
| EDSOUTH INDENTURE NO 2 LLC | 160,027 |
| EDU FUND OF SOUTH | 447,431 |
| EMD FINANCE LLC | 785,800 |
| ENTERGY TEXAS INC | 146,693 |
| ENTERPRISE FLEET FINANCING 2019-3 LLC | 186,573 |
| ENTERPRISE FLEET FINANCING 2020-2 LLC | 579,801 |
| ENTERPRISE FLEET FINANCING 2021-3 LLC | 745,335 |
| ENTERPRISE FLEET FUNDING 2021-1 LLC | 891,774 |
| ENTERPRISE PRODUCTS OPERATING LLC | 1,221,845 |
| EQUIFAX INC | 622,853 |
| ERP OPERATING LP | 244,269 |
| FEDERAL REALTY INVESTMENT TRUST | 1,388,988 |
| FEDEX CORP | 731,923 |
| FIFTH THIRD BANCORP | 595,632 |
| FISERV INC | 1,278,276 |
| FLORIDA GAS TRANSMISSION CO LLC | 615,893 |
| FMC CORP | 277,030 |
| FORD CREDIT AUTO LEASE TRUST 2020-A | 414,106 |
| FORD CREDIT AUTO LEASE TRUST 2020-B | 654,522 |
| FORD CREDIT AUTO OWNER TRUST | 1,936,630 |
| FORD CREDIT AUTO OWNER TRUST 2018-REV2 | 1,945,973 |
| FORD CREDIT AUTO OWNER TRUST 2020-A | 664,280 |
| FORD CREDIT AUTO OWNER TRUST 2020-C | 1,129,806 |
| FORD CREDIT AUTO OWNER TRUST 2020-REV1 | 1,360,563 |
| FORD CREDIT AUTO OWNER TRUST 2021-REV1 | 1,018,320 |
| FORTUNE BRANDS HOME & SECURITY INC | 105,885 |
| GENERAL DYNAMICS CORP | 546,718 |
| GENERAL MILLS INC | 310,507 |
| GENERAL MOTORS FINANCIAL CO INC | 634,521 |
| GEORGIA-PACIFIC LLC | 920,129 |
26
| GILEAD SCIENCES INC | 127,720 |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2020-2 | 11,597 |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2020-3 | 800,220 |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2021-3 | 520,030 |
| GM FINANCIAL CONSUMER AUTO REC TRUST 2020-3 | 1,197,952 |
| GM FINANCIAL CONSUMER AUTO REC TRUST 2021-1 | 1,103,110 |
| GM FINANCIAL CONSUMER AUTOMOBILE REC TRUST 2018-3 | 64,650 |
| GM FINANCIAL CONSUMER AUTOMOBILE REC TRUST 2020-1 | 294,164 |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST | 346,510 |
| GM FINANCIAL LEASING TRUST | 633,067 |
| GM FINANCIAL REVOLVING RECEIVABLES TRUST 2021-1 | 629,679 |
| GS MORTGAGE SECURITIES TRUST 2013-GC13 | 483,631 |
| GS MORTGAGE SECURITIES TRUST 2013-GC16 | 1,701,282 |
| GS MORTGAGE SECURITIES TRUST 2014-GC26 | 1,800,356 |
| GULFSTREAM NATURAL GAS SYSTEM LLC | 116,184 |
| HALLIBURTON CO | 579,442 |
| HARLEY-DAVIDSON MOTORCYCLE TRUST 2020-A | 492,183 |
| HEALTH CARE SERVICE CORP A MUTUAL LEGAL RESERVE CO | 319,816 |
| HEALTHPEAK PROPERTIES INC | 327,425 |
| HEWLETT PACKARD ENTERPRISE CO | 546,594 |
| HEXCEL CORP | 359,764 |
| HONDA AUTO RECEIVABLES 2019-4 OWNER TRUST | 375,441 |
| HONDA AUTO RECEIVABLES 2020-3 OWNER TRUST | 762,964 |
| HONDA AUTO RECEIVABLES 2021-4 OWNER TRUST | 229,501 |
| HP INC | 431,779 |
| HPEFS EQUIPMENT TRUST 2021-1 | 910,728 |
| HPEFS EQUIPMENT TRUST 2021-2 | 501,270 |
| HSBC HOLDINGS PLC | 2,764,292 |
| HUNTINGTON BANCSHARES INC/OH | 83,241 |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2020-A | 275,111 |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2020-B | 1,340,493 |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2021-A | 1,007,258 |
| HYUNDAI AUTO RECEIVABLES TRUST 2020-A | 61,123 |
| HYUNDAI AUTO RECEIVABLES TRUST 2020-B | 974,811 |
| HYUNDAI AUTO RECEIVABLES TRUST 2021-C | 238,433 |
| INTERNATIONAL BUSINESS MACHINES CORP | 184,306 |
| INTERSTATE POWER AND LIGHT CO | 455,892 |
| JOHN DEERE OWNER TRUST 2020 | 480,442 |
| JOHN DEERE OWNER TRUST 2020-B | 524,315 |
| JOHN DEERE OWNER TRUST 2021 | 982,149 |
| JOHN DEERE OWNER TRUST 2021-B | 355,981 |
| JPMBB COMMERCIAL MORTGAGE SEC TRUST 2014-C26 | 569,921 |
| JPMBB COMML MTG SEC TR | 350,958 |
| JPMORGAN CHASE COMML MTG SEC TR | 1,911,332 |
27
| JPMORGAN COMM MTG SEC TR | 136,659 |
| KEYBANK NA/CLEVELAND OH | 267,474 |
| KEYCORP | 627,770 |
| KIMCO REALTY CORP | 290,091 |
| KINDER MORGAN INC | 409,682 |
| KLA CORP | 353,449 |
| KUBOTA CREDIT OWNER TRUST 2021-1 | 574,834 |
| LAM RESEARCH CORP | 286,034 |
| LOWE'S COS INC | 515,807 |
| M&T BANK CORP | 191,646 |
| MAGELLAN MIDSTREAM PARTNERS LP | 509,924 |
| MARATHON PETROLEUM CORP | 637,530 |
| MARSH & MCLENNAN COS INC | 881,228 |
| MARTIN MARIETTA MATERIALS INC | 476,415 |
| MAXIM INTEGRATED PRODUCTS INC | 97,223 |
| MCCORMICK & CO INC/MD | 1,224,072 |
| MCDONALD'S CORP | 939,215 |
| MD COMM DEV ADMIN HOUSING REV | 122,979 |
| MEDTRONIC INC | 258,098 |
| MERCEDES-BENZ AUTO LEASE TRUST 2019-B | 174,848 |
| MERCEDES-BENZ AUTO LEASE TRUST 2020-A | 228,284 |
| MERCEDES-BENZ AUTO LEASE TRUST 2020-B | 754,227 |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2020-1 | 819,738 |
| MICHIGAN FINANCE AUTHORITY | 396,078 |
| MICROCHIP TECHNOLOGY INC | 261,510 |
| MID-AMERICA APARTMENTS LP | 286,502 |
| MISSOURI HIGHER EDUCATION LOAN AUTHORITY | 452,734 |
| MITSUBISHI UFJ FINANCIAL GROUP INC | 2,152,908 |
| MMAF EQUIPMENT FINANCE LLC 2017-B | 563,024 |
| MMAF EQUIPMENT FINANCE LLC 2018-A | 346,881 |
| MMAF EQUIPMENT FINANCE LLC 2019-A | 544,183 |
| MMAF EQUIPMENT FINANCE LLC 2019-B | 774,167 |
| MMAF EQUIPMENT FINANCE LLC 2020-B | 471,721 |
| MMAF EQUIPMENT FINANCE LLC 2021-A | 631,041 |
| MO STATE HIGHER ED STD ASST | 218,220 |
| MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV | 1,110,000 |
| MONDELEZ INTERNATIONAL INC | 70,297 |
| MONONGAHELA POWER CO | 456,147 |
| MORGAN STANLEY BAML TRUST | 1,090,166 |
| MORGAN STANLEY BAML TRUST 2014 C19 | 768,419 |
| MORGAN STANLEY BAML TRUST 2014-C16 | 1,637,693 |
| MPLX LP | 703,743 |
| NATIONAL RETAIL PROPERTIES INC | 170,136 |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-E | 574,888 |
28
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-G | 773,545 |
| NAVIENT STUDENT LOAN TRUST 2016-6 | 410,058 |
| NAVIENT STUDENT LOAN TRUST 2021-1 | 1,665,239 |
| NELNET STUDENT LOAN TRUST 2021-A | 2,121,043 |
| NELNET STUDENT LOAN TRUST 2021-B | 408,943 |
| NELNET STUDENT LOAN TRUST 2021-C | 1,143,662 |
| NELNET STUDENT LOAN TRUST 2021-D | 2,235,276 |
| NEXTERA ENERGY CAPITAL HOLDINGS INC | 990,501 |
| NISSAN AUTO LEASE TRUST 2020-A | 489,970 |
| NISSAN AUTO LEASE TRUST 2020-B | 845,256 |
| NISSAN AUTO RECEIVABLES 2018-B OWNER TRUST | 76,212 |
| NISSAN AUTO RECEIVABLES 2020-A OWNER TRUST | 707,508 |
| NORFOLK SOUTHERN CORP | 108,456 |
| NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTH | 758,343 |
| NORTH TEXAS HIGHER EDUCATION AUTHORITY INC | 1,746,572 |
| NORTHROP GRUMMAN CORP | 1,217,627 |
| NORTHWESTERN CORP | 206,075 |
| NUTRIEN LTD | 289,758 |
| NXP BV / NXP FUNDING LLC / NXP USA INC | 150,973 |
| OKLAHOMA GAS AND ELECTRIC CO | 129,222 |
| ORACLE CORP | 2,906,431 |
| OTIS WORLDWIDE CORP | 757,661 |
| PACKAGING CORP OF AMERICA | 194,260 |
| PARKER-HANNIFIN CORP | 922,858 |
| PERKINELMER INC | 869,020 |
| PERNOD RICARD INTERNATIONAL FINANCE LLC | 218,764 |
| PHEAA STUDENT LOAN TRUST 2014-2 | 873,714 |
| PHILLIPS 66 | 806,047 |
| PIONEER NATURAL RESOURCES CO | 288,153 |
| PPG INDUSTRIES INC | 639,422 |
| RAYTHEON TECHNOLOGIES CORP | 1,044,363 |
| REGIONS FINANCIAL CORP | 466,370 |
| RELX CAPITAL INC | 552,048 |
| ROGERS COMMUNICATIONS INC | 468,720 |
| ROLLS-ROYCE PLC | 276,143 |
| ROPER TECHNOLOGIES INC | 673,563 |
| RYDER SYSTEM INC | 446,168 |
| SANTANDER RETAIL AUTO LEASE TRUST 2019-C | 369,778 |
| SANTANDER RETAIL AUTO LEASE TRUST 2020-A | 951,152 |
| SANTANDER RETAIL AUTO LEASE TRUST 2020-B | 896,858 |
| SANTANDER RETAIL AUTO LEASE TRUST 2021-A | 759,849 |
| SANTANDER RETAIL AUTO LEASE TRUST 2021-B | 921,108 |
| SANTANDER RETAIL AUTO LEASE TRUST 2021-C | 471,386 |
| SEALED AIR CORP | 204,579 |
29
| SHERWIN-WILLIAMS CO/THE | 374,457 |
| SIMON PROPERTY GROUP LP | 540,280 |
| SLCC STUDENT LOAN TRUST I | 42,606 |
| SLM STUDENT LOAN TRUST 2003-10 | 2,131,724 |
| SOUTHERN NATURAL GAS CO LLC | 64,696 |
| SOUTHWESTERN PUBLIC SERVICE CO | 161,552 |
| STANLEY BLACK & DECKER INC | 431,205 |
| STARBUCKS CORP | 228,446 |
| STUDENT LOAN CORP | 501,199 |
| SUMITOMO MITSUI FINANCIAL GROUP INC | 1,663,130 |
| THERMO FISHER SCIENTIFIC INC | 630,747 |
| T-MOBILE USA INC | 222,693 |
| TOWD POINT MORTGAGE TRUST 2015-6 | 9,471 |
| TOWD POINT MORTGAGE TRUST 2016-3 | 22,993 |
| TOWD POINT MORTGAGE TRUST 2016-4 | 38,197 |
| TOWD POINT MORTGAGE TRUST 2017-1 | 134,323 |
| TOWD POINT MORTGAGE TRUST 2017-5 | 25,087 |
| TOWD POINT MORTGAGE TRUST 2017-6 | 356,209 |
| TOWD POINT MORTGAGE TRUST 2018-2 | 964,063 |
| TOWD POINT MORTGAGE TRUST 2018-3 | 780,500 |
| TOWD POINT MORTGAGE TRUST 2019-4 | 1,100,260 |
| TOWD POINT MORTGAGE TRUST 2021-1 | 729,754 |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2019-1 | 857,512 |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2020-1 | 1,496,571 |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2021-1 | 1,952,865 |
| TOYOTA AUTO RECEIVABLES 2019-D OWNER TRUST | 381,698 |
| TOYOTA AUTO RECEIVABLES 2020-C OWNER TRUST | 41,973 |
| TOYOTA AUTO RECEIVABLES 2021-D OWNER TRUST | 323,105 |
| TRANE TECHNOLOGIES LUXEMBOURG FINANCE SA | 962,641 |
| TRANS-ALLEGHENY INTERSTATE LINE CO | 212,524 |
| TRUIST FINANCIAL CORP | 551,235 |
| TYCO ELECTRONICS GROUP SA | 180,702 |
| UBS GROUP AG | 599,551 |
| UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C4 | 908,723 |
| UNION PACIFIC CORP | 1,155,778 |
| UNITED PARCEL SERVICE INC | 468,401 |
| UTAH STATE BOARD OF REGENTS | 1,264,809 |
| VENTAS REALTY LP | 288,119 |
| VERIZON COMMUNICATIONS INC | 747,960 |
| VERIZON MASTER TRUST | 1,772,023 |
| VERIZON OWNER TRUST 2018-A | 2,954 |
| VERIZON OWNER TRUST 2019-A | 429,659 |
| VERIZON OWNER TRUST 2019-C | 572,186 |
| VERIZON OWNER TRUST 2020-A | 1,345,759 |
30
| VERIZON OWNER TRUST 2020-B | 1,002,476 | |
| VERIZON OWNER TRUST 2020-C | 900,974 | |
| VERMONT STD ASST CORP | 858,399 | |
| VODAFONE GROUP PLC | 173,517 | |
| VOLKSWAGEN AUTO LEASE TRUST 2019-A | 110,275 | |
| VOLKSWAGEN AUTO LEASE TRUST 2020-A | 948,829 | |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC | 412,673 | |
| VOLVO FINANCIAL EQUIPMENT LLC SERIES 2020-1 | 922,381 | |
| VULCAN MATERIALS CO | 109,625 | |
| WALT DISNEY CO/THE | 1,005,171 | |
| WASTE MANAGEMENT INC | 163,495 | |
| WEC ENERGY GROUP INC | 1,067,579 | |
| WELLTOWER INC | 1,156,332 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 | 638,628 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2013-C11 | 1,679,318 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2013-C17 | 2,089,351 | |
| WFRBS COMMERCIAL MORTGAGE TRUST 2014-C20 | 1,324,183 | |
| WILLIAMS COS INC/THE | 408,221 | |
| WORLD OMNI AUTO LEASE SEC TRUST 2021-A | 386,614 | |
| WORLD OMNI AUTO RECEIVABLES TRUST | 1,172,572 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2018-B | 40,575 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2019-A | 210,405 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2019-C | 594,443 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2020-A | 1,086,804 | |
| WORLD OMNI AUTO RECEIVABLES TRUST 2020-C | 848,089 | |
| WORLD OMNI AUTOMOBILE LEASE SEC TRUST 2020-B | 508,678 | |
| WORLD OMNI SELECT AUTO TRUST 2019-A | 454,950 | |
| WRKCO INC | 126,183 | |
| XCEL ENERGY INC | 502,191 | |
| TOTAL CORPORATE DEBT INSTRUMENTS - ALL OTHER | $ | 227,579,075 |
| Net Assets Pending Settlement | $ | (35,455,097) |
| SUBTOTAL STABLE VALUE FUND | $ | 640,177,479 |
| TOTAL - INVESTMENT CONTRACTS | $ | 640,177,479 |
| ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE | $ | (10,927,180) |
| TOTAL - INVESTMENT CONTRACTS AT CONTRACT VALUE | $ | 629,250,299 |
31
| AEP RETIREMENT SAVINGS 401(K) PLAN |
| PLAN #002 EIN #13-4922641 |
| SCHEDULE OF ASSETS (HELD AT END OF YEAR) (continued) |
| DECEMBER 31, 2021 |
| Identity of Issuer, Borrower, Lessor or Similar Party | Current Value | ||
| CASH EQUIVALENTS | |||
| JP MORGAN US GOVT MM FUND 3164 | $ | 46,133,899 | |
| TOTAL CASH EQUIVALENTS | $ | 46,133,899 | |
| COMMON / COLLECTIVE TRUSTS | |||
| COLUMBIA LARGE CAP GROWTH STOCK FUND CIT | $ | 247,064,658 | |
| JPM STRATEGIC PROPERTY FUND | 86,941,287 | ||
| (a) | MELLON CAPITAL AGGREGATE BOND INDEX FUND | 608,665,464 | |
| (a) | MELLON CAPITAL EMERGING MARKETS STOCK INDEX FUND | 58,080,968 | |
| (a) | MELLON CAPITAL INTERNATIONAL STOCK INDEX FUND | 717,537,755 | |
| (a) | MELLON CAPITAL MID CAP STOCK INDEX FUND | 467,698,045 | |
| (a) | MELLON CAPITAL SMALL CAP STOCK INDEX FUND | 222,099,319 | |
| (a) | MELLON CAPITAL STOCK INDEX FUND | 1,308,710,375 | |
| (a) | MELLON CAPITAL TREASURY INFLATION-PROTECTED SECURITIES FUND | 27,585,802 | |
| SANDS INTERNATIONAL CIT | 29,734,845 | ||
| TCW CORE PLUS BOND FUND | 74,892,930 | ||
| TOTAL COMMON / COLLECTIVE TRUSTS | $ | 3,849,011,448 | |
| AEP STOCK | |||
| (a) | AMERICAN ELECTRIC POWER CO INC | $ | 318,864,921 |
| TOTAL AEP STOCK | $ | 318,864,921 | |
| CORPORATE STOCKS | |||
| 2U INC | $ | 1,416,139 | |
| 3M CO | 276,037 | ||
| 8X8 INC | 1,321,962 | ||
| ABBVIE INC | 534,559 | ||
| ABIOMED INC | 3,327,710 | ||
| ABM INDUSTRIES INC | 1,278,319 | ||
| ACCENTURE PLC | 1,104,776 | ||
| ACCO BRANDS CORP | 168,661 | ||
| ACUITY BRANDS INC | 290,268 | ||
| ACV AUCTIONS INC | 1,419,556 | ||
| ADOBE INC | 5,705,191 | ||
| ADTALEM GLOBAL EDUCATION INC | 818,043 | ||
| ADYEN NV | 4,473,979 | ||
| AERCAP HOLDINGS NV | 444,529 | ||
| AES CORP/THE | 338,669 | ||
| AGCO CORP | 257,100 | ||
| AGIOS PHARMACEUTICALS INC | 504,259 | ||
| AGNC INVESTMENT CORP | 193,008 | ||
| AIRBNB INC | 3,329,134 | ||
| ALASKA AIR GROUP INC | 215,173 | ||
| ALIGHT INC | 541,192 | ||
| ALLBIRDS INC | 826,294 | ||
| ALLEGHANY CORP | 3,486,823 | ||
| ALLEGHENY TECHNOLOGIES INC | 111,765 |
32
| ALLISON TRANSMISSION HOLDINGS | 495,959 |
| ALLY FINANCIAL INC | 1,501,334 |
| ALPHABET INC | 17,597,155 |
| ALTICE USA INC | 387,851 |
| ALTRA INDUSTRIAL MOTION CORP | 126,553 |
| AMAZON.COM INC | 15,054,545 |
| AMERICAN EAGLE OUTFITTERS INC | 727,114 |
| AMERICAN FINANCIAL GROUP INC/O | 361,014 |
| AMERICOLD REALTY TRUST | 104,207 |
| AMERIPRISE FINANCIAL INC | 518,855 |
| AMERIS BANCORP | 138,359 |
| AMERISOURCEBERGEN CORP | 526,112 |
| AMGEN INC | 510,007 |
| AMN HEALTHCARE SERVICES INC | 1,153,694 |
| AMPHENOL CORP | 1,122,462 |
| ANAPLAN INC | 607,054 |
| ANTHEM INC | 2,726,542 |
| APA CORP | 566,088 |
| APPLE INC | 12,552,246 |
| APPLIED MATERIALS INC | 995,931 |
| APTIV PLC | 265,405 |
| ARCH CAPITAL GROUP LTD | 615,988 |
| ARCHER-DANIELS-MIDLAND CO | 138,357 |
| ARES COMMERCIAL REAL ESTATE CO | 95,266 |
| ARGO GROUP INTERNATIONAL HOLDI | 331,750 |
| ARISTA NETWORKS INC | 998,919 |
| ARROW ELECTRONICS INC | 364,543 |
| ARTISAN PARTNERS ASSET MANAGEM | 286,364 |
| ARVINAS INC | 520,850 |
| ASGN INC | 640,323 |
| ASSURANT INC | 797,536 |
| ASSURED GUARANTY LTD | 457,121 |
| ATLASSIAN CORP PLC | 3,939,870 |
| AUTOLIV INC | 277,035 |
| AUTONATION INC | 578,641 |
| AUTOZONE INC | 647,785 |
| AVALONBAY COMMUNITIES INC | 397,829 |
| AVIDXCHANGE HOLDINGS INC | 73,508 |
| AVNET INC | 221,488 |
| AXALTA COATING SYSTEMS LTD | 266,748 |
| AXIS CAPITAL HOLDINGS LTD | 1,489,373 |
| AXOGEN INC | 482,096 |
| AZENTA INC | 501,630 |
| BAKER HUGHES CO | 2,736,103 |
| BANCFIRST CORP | 101,959 |
| BANK OF AMERICA CORP | 2,415,807 |
| BANK OZK | 544,168 |
| BANKUNITED INC | 338,692 |
| BATH & BODY WORKS INC | 501,092 |
| BEACON ROOFING SUPPLY INC | 290,019 |
| BELDEN INC | 1,516,325 |
| BERKSHIRE HATHAWAY INC | 2,248,480 |
| BERRY GLOBAL GROUP INC | 138,338 |
| BIONTECH SE | 1,480,030 |
| BIO-TECHNE CORP | 5,320,325 |
33
| BLACKSTONE MORTGAGE TRUST INC | 156,162 |
| BLOCK INC | 2,805,267 |
| BLOOMIN' BRANDS INC | 245,970 |
| BOOZ ALLEN HAMILTON HOLDING CO | 146,687 |
| BORGWARNER INC | 275,693 |
| BOYD GAMING CORP | 574,852 |
| BP PLC | 232,027 |
| BRIGHT HEALTH GROUP INC | 104,294 |
| BRIGHTVIEW HOLDINGS INC | 215,889 |
| BRINK'S CO/THE | 371,126 |
| BRISTOL-MYERS SQUIBB CO | 487,577 |
| BRUNSWICK CORP/DE | 594,307 |
| BUILDERS FIRSTSOURCE INC | 252,759 |
| BWX TECHNOLOGIES INC | 255,966 |
| C4 THERAPEUTICS INC | 512,399 |
| CABOT CORP | 146,513 |
| CADENCE BANK | 528,415 |
| CADENCE DESIGN SYSTEMS INC | 1,021,943 |
| CALLAWAY GOLF CO | 550,035 |
| CANADA GOOSE HOLDINGS INC | 788,674 |
| CANO HEALTH INC | 844,205 |
| CAPITAL BANCORP INC | 160,763 |
| CAPITAL ONE FINANCIAL CORP | 2,709,556 |
| CAREDX INC | 748,373 |
| CARGURUS INC | 887,928 |
| CARLISLE COS INC | 1,038,630 |
| CARMAX INC | 1,075,439 |
| CARTER'S INC | 714,411 |
| CARVANA CO | 1,569,450 |
| CATHAY GENERAL BANCORP | 120,673 |
| CDK GLOBAL INC | 252,402 |
| CDW CORP/DE | 1,063,627 |
| CELANESE CORP | 128,398 |
| CENOVUS ENERGY INC | 285,252 |
| CENTERPOINT ENERGY INC | 189,425 |
| CH ROBINSON WORLDWIDE INC | 2,294,349 |
| CHAMPIONX CORP | 411,839 |
| CHANGE HEALTHCARE INC | 677,340 |
| CHANNELADVISOR CORP | 457,592 |
| CHEMED CORP | 315,837 |
| CHENIERE ENERGY INC | 408,621 |
| CHEVRON CORP | 278,589 |
| CHIPOTLE MEXICAN GRILL INC | 2,606,641 |
| CIGNA CORP | 4,228,866 |
| CIMPRESS PLC | 825,090 |
| CITIGROUP INC | 431,487 |
| CITIZENS FINANCIAL GROUP INC | 508,552 |
| CLEAN HARBORS INC | 1,440,878 |
| CLEARWATER PAPER CORP | 156,508 |
34
| COGNIZANT TECHNOLOGY SOLUTIONS | 998,898 |
| COLFAX CORP | 551,732 |
| COLUMBIA BANKING SYSTEM INC | 144,230 |
| COMMSCOPE HOLDING CO INC | 216,826 |
| CONAGRA BRANDS INC | 2,516,855 |
| CONCENTRIX CORP | 668,575 |
| CONDUENT INC | 195,631 |
| CONNECTONE BANCORP INC | 107,060 |
| CONOCOPHILLIPS | 267,716 |
| CONSENSUS CLOUD SOLUTIONS INC | 542,956 |
| COOPER COS INC/THE | 545,879 |
| CORPORATE OFFICE PROPERTIES TR | 495,489 |
| COSTAR GROUP INC | 1,894,191 |
| COSTCO WHOLESALE CORP | 3,129,162 |
| COTERRA ENERGY INC | 2,011,150 |
| COUPA SOFTWARE INC | 2,485,968 |
| COUSINS PROPERTIES INC | 469,584 |
| CRANE CO | 275,993 |
| CROCS INC | 539,422 |
| CROWDSTRIKE HOLDINGS INC | 2,769,858 |
| CROWN HOLDINGS INC | 293,475 |
| CUMMINS INC | 266,349 |
| CURTISS-WRIGHT CORP | 553,155 |
| DANA INC | 1,224,384 |
| DANAHER CORP | 4,329,114 |
| DARDEN RESTAURANTS INC | 594,425 |
| DELEK US HOLDINGS INC | 235,178 |
| DENTSPLY SIRONA INC | 3,057,459 |
| DEXCOM INC | 2,447,955 |
| DIAMONDBACK ENERGY INC | 891,488 |
| DICK'S SPORTING GOODS INC | 628,075 |
| DISCOVER FINANCIAL SERVICES | 463,858 |
| DOLBY LABORATORIES INC | 5,254,525 |
| DOLLAR TREE INC | 581,472 |
| DOMINION ENERGY INC | 207,634 |
| DONNELLEY FINANCIAL SOLUTIONS | 446,934 |
| DOVER CORP | 1,100,678 |
| DOW INC | 133,689 |
| DR HORTON INC | 665,232 |
| EAST WEST BANCORP INC | 313,304 |
| EASTMAN CHEMICAL CO | 598,384 |
| ECOVYST INC | 104,694 |
| ELANCO ANIMAL HEALTH INC | 2,024,913 |
| ELASTIC NV | 4,541,282 |
| ELEMENT SOLUTIONS INC | 843,099 |
| ELI LILLY & CO | 4,625,304 |
35
| EMCOR GROUP INC | 448,795 |
| EMERSON ELECTRIC CO | 273,797 |
| EMPLOYERS HOLDINGS INC | 160,430 |
| ENCOMPASS HEALTH CORP | 759,626 |
| ENERGIZER HOLDINGS INC | 364,188 |
| ENERPLUS CORP | 319,156 |
| ENERSYS | 660,388 |
| ENTERGY CORP | 834,511 |
| ENVISTA HOLDINGS CORP | 877,994 |
| EOG RESOURCES INC | 1,794,366 |
| EPR PROPERTIES | 110,462 |
| EQT CORP | 565,402 |
| EQUITABLE HOLDINGS INC | 515,164 |
| ESSENT GROUP LTD | 406,583 |
| ESTEE LAUDER COS INC/THE | 4,858,135 |
| EURONET WORLDWIDE INC | 1,839,270 |
| EVERCORE INC | 1,063,434 |
| EVEREST RE GROUP LTD | 277,481 |
| EVERGY INC | 220,993 |
| EVERTEC INC | 301,929 |
| EXACT SCIENCES CORP | 438,961 |
| EXELON CORP | 214,867 |
| F5 INC | 1,123,464 |
| FARFETCH LTD | 3,823,957 |
| FEDERAL AGRICULTURAL MORTGAGE | 326,927 |
| FIDELITY NATIONAL FINANCIAL IN | 1,161,527 |
| FIRST AMERICAN FINANCIAL CORP | 166,473 |
| FIRST CITIZENS BANCSHARES INC/ | 249,782 |
| FIRST FOUNDATION INC | 111,522 |
| FIRST HAWAIIAN INC | 299,400 |
| FIRST HORIZON CORP | 178,814 |
| FIRST MERCHANTS CORP | 182,138 |
| FIRST OF LONG ISLAND CORP/THE | 52,831 |
| FLEX LTD | 1,723,222 |
| FMC CORP | 311,318 |
| FNB CORP/PA | 211,656 |
| FOOT LOCKER INC | 441,754 |
| FORD MOTOR CO | 620,338 |
| FORTIVE CORP | 415,094 |
| FORWARD AIR CORP | 1,632,414 |
| FOX FACTORY HOLDING CORP | 597,561 |
| FRANKLIN RESOURCES INC | 455,899 |
| FRESH DEL MONTE PRODUCE INC | 304,456 |
| FRONTDOOR INC | 2,339,993 |
| FTI CONSULTING INC | 165,540 |
| GARTNER INC | 1,106,265 |
| GENERAC HOLDINGS INC | 1,824,705 |
| GENERAL MILLS INC | 517,276 |
| GENTEX CORP | 275,141 |
| GERMAN AMERICAN BANCORP INC | 125,321 |
| GILEAD SCIENCES INC | 540,654 |
| GLOBAL PAYMENTS INC | 550,859 |
| GLOBALFOUNDRIES INC | 1,474,559 |
| GLOBE LIFE INC | 258,573 |
| GOLDMAN SACHS GROUP INC/THE | 2,924,595 |
36
| GRACO INC | 3,040,664 |
| GRAFTECH INTERNATIONAL LTD | 203,228 |
| GRAND CANYON EDUCATION INC | 1,500,696 |
| GRAPHIC PACKAGING HOLDING CO | 1,606,683 |
| GRAY TELEVISION INC | 159,405 |
| GREAT WESTERN BANCORP INC | 164,332 |
| GROCERY OUTLET HOLDING CORP | 5,036,131 |
| H&R BLOCK INC | 118,931 |
| HAEMONETICS CORP | 134,297 |
| HALLIBURTON CO | 271,215 |
| HANCOCK WHITNEY CORP | 202,031 |
| HANESBRANDS INC | 2,170,373 |
| HANOVER INSURANCE GROUP INC/TH | 484,005 |
| HARLEY-DAVIDSON INC | 483,110 |
| HARSCO CORP | 185,832 |
| HASBRO INC | 238,572 |
| HAYWARD HOLDINGS INC | 290,025 |
| HB FULLER CO | 371,223 |
| HCA HEALTHCARE INC | 532,081 |
| HEALTHEQUITY INC | 872,457 |
| HEARTLAND EXPRESS INC | 416,396 |
| HELEN OF TROY LTD | 472,316 |
| HELMERICH & PAYNE INC | 236,834 |
| HENRY SCHEIN INC | 3,954,728 |
| HERON THERAPEUTICS INC | 523,724 |
| HILLENBRAND INC | 215,499 |
| HOLLYFRONTIER CORP | 351,500 |
| HOLOGIC INC | 1,771,522 |
| HOME BANCSHARES INC/AR | 118,098 |
| HOME DEPOT INC/THE | 4,763,485 |
| HOWMET AEROSPACE INC | 165,325 |
| HP INC | 975,879 |
| HUB GROUP INC | 189,624 |
| HUBSPOT INC | 1,067,823 |
| HUMANA INC | 3,087,452 |
| HUNTINGTON INGALLS INDUSTRIES | 233,798 |
| HUNTSMAN CORP | 139,973 |
| ICON PLC | 183,652 |
| INGEVITY CORP | 221,051 |
| INGREDION INC | 341,816 |
| INSIGHT ENTERPRISES INC | 758,566 |
| INSTALLED BUILDING PRODUCTS IN | 218,243 |
| INTERDIGITAL INC | 352,921 |
| INTERNATIONAL GAME TECHNOLOGY | 146,689 |
37
| INTERNATIONAL PAPER CO | 1,740,844 |
| INTUIT INC | 930,096 |
| INTUITIVE SURGICAL INC | 2,975,723 |
| INVESTORS BANCORP INC | 255,111 |
| ITT INC | 679,666 |
| J M SMUCKER CO/THE | 504,571 |
| JACOBS ENGINEERING GROUP INC | 258,272 |
| JAZZ PHARMACEUTICALS PLC | 103,194 |
| JEFFERIES FINANCIAL GROUP INC | 475,804 |
| JOHN BEAN TECHNOLOGIES CORP | 524,100 |
| JOHNSON & JOHNSON | 465,481 |
| JONES LANG LASALLE INC | 170,223 |
| KAR AUCTION SERVICES INC | 412,071 |
| KBR INC | 229,052 |
| KERING SA | 3,172,577 |
| KEYCORP | 504,974 |
| KEYSIGHT TECHNOLOGIES INC | 1,023,670 |
| KIRBY CORP | 1,407,719 |
| KKR & CO INC | 1,267,245 |
| KLA CORP | 1,001,726 |
| KNOWBE4 INC | 561,112 |
| KODIAK SCIENCES INC | 801,595 |
| KOSMOS ENERGY LTD | 259,002 |
| KRAFT HEINZ CO/THE | 492,404 |
| KROGER CO/THE | 498,901 |
| L3HARRIS TECHNOLOGIES INC | 649,103 |
| LABORATORY CORP OF AMERICA HOL | 530,386 |
| LAKELAND FINANCIAL CORP | 65,074 |
| LAM RESEARCH CORP | 995,304 |
| LAMAR ADVERTISING CO | 468,097 |
| LANDSTAR SYSTEM INC | 131,580 |
| LCI INDUSTRIES | 404,483 |
| LEAR CORP | 272,413 |
| LENDINGCLUB CORP | 2,982,337 |
| LENNAR CORP | 2,456,087 |
| LIBERTY BROADBAND CORP | 5,326,449 |
| LINCOLN NATIONAL CORP | 475,636 |
| LITHIA MOTORS INC | 717,431 |
| LIVANOVA PLC | 230,553 |
| LKQ CORP | 607,984 |
| LOWE'S COS INC | 585,716 |
| LPL FINANCIAL HOLDINGS INC | 1,981,114 |
| LULULEMON ATHLETICA INC | 4,095,741 |
| LYFT INC | 6,495,644 |
38
| LYONDELLBASELL INDUSTRIES NV | 134,287 |
| MAGNA INTERNATIONAL INC | 1,501,437 |
| MAGNOLIA OIL & GAS CORP | 399,044 |
| MANDIANT INC | 670,800 |
| MARATHON OIL CORP | 245,413 |
| MARCUS CORP/THE | 32,469 |
| MARKEL CORP | 413,390 |
| MARRIOTT VACATIONS WORLDWIDE C | 298,081 |
| MASCO CORP | 274,069 |
| MASONITE INTERNATIONAL CORP | 221,864 |
| MASTERCARD INC | 4,749,492 |
| MATCH GROUP INC | 3,222,007 |
| MATSON INC | 2,790,210 |
| MCKESSON CORP | 559,283 |
| MEDICAL PROPERTIES TRUST INC | 279,590 |
| MEDNAX INC | 766,342 |
| MERCK & CO INC | 2,854,840 |
| MERIT MEDICAL SYSTEMS INC | 1,786,951 |
| MERITAGE HOMES CORP | 385,465 |
| MESA AIR GROUP INC | 108,573 |
| META PLATFORMS INC | 4,883,802 |
| METHODE ELECTRONICS INC | 343,698 |
| METLIFE INC | 508,169 |
| METROPOLITAN BANK HOLDING CORP | 245,552 |
| MGM GROWTH PROPERTIES LLC | 687,342 |
| MICROSOFT CORP | 12,740,811 |
| MIDDLEBY CORP/THE | 1,761,592 |
| MIDLAND STATES BANCORP INC | 140,981 |
| MIMECAST LTD | 1,204,610 |
| MINERALS TECHNOLOGIES INC | 121,648 |
| MODINE MANUFACTURING CO | 186,695 |
| MODIVCARE INC | 407,649 |
| MOLINA HEALTHCARE INC | 598,627 |
| MOLSON COORS BEVERAGE CO | 484,775 |
| MOMENTIVE GLOBAL INC | 1,297,278 |
| MOOG INC | 214,813 |
| MORGAN STANLEY | 2,409,828 |
| MOSAIC CO/THE | 169,772 |
| MR COOPER GROUP INC | 296,222 |
| MSA SAFETY INC | 206,815 |
| N-ABLE INC | 862,281 |
| NATIONAL ENERGY SERVICES REUNI | 100,274 |
| NAVIENT CORP | 223,850 |
| NCR CORP | 410,603 |
39
| NETAPP INC | 1,045,742 |
| NETFLIX INC | 8,463,680 |
| NEVRO CORP | 3,858,527 |
| NEW RELIC INC | 1,404,739 |
| NEW YORK COMMUNITY BANCORP INC | 455,543 |
| NEW YORK TIMES CO/THE | 7,148,110 |
| NEXSTAR MEDIA GROUP INC | 1,336,928 |
| NEXTIER OILFIELD SOLUTIONS INC | 81,000 |
| NIKE INC | 5,677,447 |
| NMI HOLDINGS INC | 587,372 |
| NOMAD FOODS LTD | 215,104 |
| NORTHWESTERN CORP | 304,891 |
| NORTONLIFELOCK INC | 284,741 |
| NOV INC | 281,935 |
| NRG ENERGY INC | 249,562 |
| NUCOR CORP | 137,893 |
| NVIDIA CORP | 13,647,292 |
| NXP SEMICONDUCTORS NV | 1,560,293 |
| OCEANFIRST FINANCIAL CORP | 211,788 |
| OGE ENERGY CORP | 225,751 |
| OLD SECOND BANCORP INC | 53,419 |
| OMNICELL INC | 3,056,293 |
| OMNICOM GROUP INC | 215,414 |
| ON SEMICONDUCTOR CORP | 3,592,493 |
| ONEMAIN HOLDINGS INC | 1,798,788 |
| ORACLE CORP | 3,273,515 |
| ORGANON & CO | 2,847,075 |
| ORTHO CLINICAL DIAGNOSTICS HOL | 378,603 |
| OSHKOSH CORP | 272,758 |
| OWENS CORNING | 335,393 |
| OXFORD INDUSTRIES INC | 207,608 |
| PACCAR INC | 2,811,081 |
| PACIFIC BIOSCIENCES OF CALIFOR | 4,938,696 |
| PACKAGING CORP OF AMERICA | 124,441 |
| PACWEST BANCORP | 345,776 |
| PAPA JOHN'S INTERNATIONAL INC | 2,358,949 |
| PARKER-HANNIFIN CORP | 294,579 |
| PAYCHEX INC | 1,107,834 |
| PAYPAL HOLDINGS INC | 2,871,131 |
| PDC ENERGY INC | 425,313 |
| PENNYMAC FINANCIAL SERVICES IN | 274,375 |
| PERFORMANCE FOOD GROUP CO | 391,946 |
| PERRIGO CO PLC | 1,342,050 |
| PETIQ INC | 296,661 |
40
| PFIZER INC | 3,919,267 |
| PHILIP MORRIS INTERNATIONAL IN | 509,770 |
| PHOTRONICS INC | 348,405 |
| PINNACLE FINANCIAL PARTNERS IN | 836,389 |
| PINNACLE WEST CAPITAL CORP | 451,988 |
| POLARIS INC | 540,208 |
| PORTLAND GENERAL ELECTRIC CO | 717,595 |
| PPL CORP | 206,873 |
| PRA GROUP INC | 232,221 |
| PRECISION BIOSCIENCES INC | 66,741 |
| PREFERRED BANK/LOS ANGELES CA | 164,399 |
| PRESTIGE CONSUMER HEALTHCARE I | 254,973 |
| PRINCIPAL FINANCIAL GROUP INC | 536,472 |
| PRIVIA HEALTH GROUP INC | 669,153 |
| PROASSURANCE CORP | 281,007 |
| PROG HOLDINGS INC | 1,079,618 |
| PROSPERITY BANCSHARES INC | 565,964 |
| PRUDENTIAL FINANCIAL INC | 509,594 |
| PUBLIC SERVICE ENTERPRISE GROU | 212,468 |
| QCR HOLDINGS INC | 254,968 |
| QORVO INC | 324,196 |
| QUANEX BUILDING PRODUCTS CORP | 221,855 |
| QUEST DIAGNOSTICS INC | 555,016 |
| QUIDEL CORP | 1,132,836 |
| QURATE RETAIL INC | 526,703 |
| R1 RCM INC | 482,322 |
| RACKSPACE TECHNOLOGY INC | 88,633 |
| RANGE RESOURCES CORP | 118,480 |
| RBB BANCORP | 108,992 |
| REALOGY HOLDINGS CORP | 189,852 |
| REGAL REXNORD CORP | 373,226 |
| REGIONS FINANCIAL CORP | 487,775 |
| REINSURANCE GROUP OF AMERICA I | 201,681 |
| RELAY THERAPEUTICS INC | 526,554 |
| RELIANCE STEEL & ALUMINUM CO | 133,994 |
| RENAISSANCERE HOLDINGS LTD | 1,778,981 |
| REPUBLIC SERVICES INC | 780,502 |
| RESIDEO TECHNOLOGIES INC | 152,952 |
| RITCHIE BROS AUCTIONEERS INC | 2,143,574 |
| ROBERT HALF INTERNATIONAL INC | 556,373 |
| ROBLOX CORP | 2,020,801 |
| ROYAL DUTCH SHELL PLC | 264,697 |
| S&P GLOBAL INC | 3,920,794 |
| S&T BANCORP INC | 55,286 |
41
| SABRA HEALTH CARE REIT INC | 176,914 |
| SAILPOINT TECHNOLOGIES HOLDING | 2,493,812 |
| SALESFORCE INC | 9,744,869 |
| SALLY BEAUTY HOLDINGS INC | 2,672,380 |
| SANDY SPRING BANCORP INC | 124,239 |
| SCHWEITZER-MAUDUIT INTERNATION | 267,127 |
| SCIENCE APPLICATIONS INTERNATI | 999,486 |
| SEAGATE TECHNOLOGY HOLDINGS PL | 986,315 |
| SEALED AIR CORP | 669,640 |
| SENSATA TECHNOLOGIES HOLDING P | 5,074,188 |
| SERVISFIRST BANCSHARES INC | 93,604 |
| SHOPIFY INC | 8,256,076 |
| SHUTTERSTOCK INC | 508,274 |
| SIGNATURE BANK/NEW YORK NY | 654,703 |
| SKECHERS USA INC | 3,056,575 |
| SKYWORKS SOLUTIONS INC | 975,520 |
| SLM CORP | 1,084,643 |
| SMARTSHEET INC | 843,431 |
| SNAP INC | 2,653,950 |
| SNAP-ON INC | 276,548 |
| SNOWFLAKE INC | 3,292,311 |
| SOLARWINDS CORP | 467,206 |
| SONOCO PRODUCTS CO | 119,601 |
| SOTERA HEALTH CO | 1,372,494 |
| SOUTHERN FIRST BANCSHARES INC | 243,274 |
| SOUTHSTATE CORP | 163,024 |
| SP PLUS CORP | 151,203 |
| SPECTRUM BRANDS HOLDINGS INC | 198,354 |
| SPIRIT REALTY CAPITAL INC | 166,545 |
| SPORTRADAR HOLDING AG | 622,523 |
| SPOTIFY TECHNOLOGY SA | 2,483,526 |
| SPRINGWORKS THERAPEUTICS INC | 485,799 |
| SPX CORP | 514,382 |
| STAG INDUSTRIAL INC | 1,482,587 |
| STANDARD MOTOR PRODUCTS INC | 102,737 |
| STARWOOD PROPERTY TRUST INC | 287,736 |
| STEEL DYNAMICS INC | 129,913 |
| STEELCASE INC | 151,504 |
| STERIS PLC | 3,397,273 |
| STERLING CHECK CORP | 511,478 |
| STEVEN MADDEN LTD | 446,577 |
| STITCH FIX INC | 2,205,126 |
| STOCK YARDS BANCORP INC | 159,572 |
| STRIDE INC | 587,841 |
42
| SUMO LOGIC INC | 665,904 |
| SVB FINANCIAL GROUP | 1,709,165 |
| SYNCHRONY FINANCIAL | 470,302 |
| SYNEOS HEALTH INC | 2,454,668 |
| SYNOVUS FINANCIAL CORP | 340,547 |
| TALIS BIOMEDICAL CORP | 108,334 |
| TANDEM DIABETES CARE INC | 6,447,976 |
| TD SYNNEX CORP | 511,189 |
| TE CONNECTIVITY LTD | 1,014,183 |
| TEGNA INC | 475,971 |
| TEMPUR SEALY INTERNATIONAL INC | 900,060 |
| TENABLE HOLDINGS INC | 881,671 |
| TENET HEALTHCARE CORP | 571,258 |
| TENNANT CO | 1,633,280 |
| TEREX CORP | 148,287 |
| TESLA INC | 16,180,359 |
| TEXAS INSTRUMENTS INC | 1,020,188 |
| TEXTRON INC | 198,481 |
| THOR INDUSTRIES INC | 565,028 |
| TIMKEN CO/THE | 265,104 |
| TJX COS INC/THE | 2,645,736 |
| T-MOBILE US INC | 219,086 |
| TOLL BROTHERS INC | 846,094 |
| TOTALENERGIES SE | 267,381 |
| TRACTOR SUPPLY CO | 631,813 |
| TRADE DESK INC/THE | 3,241,398 |
| TRANSDIGM GROUP INC | 383,677 |
| TRAVEL + LEISURE CO | 1,027,690 |
| TREEHOUSE FOODS INC | 281,157 |
| TRIMBLE INC | 1,718,166 |
| TRINET GROUP INC | 2,435,989 |
| TRISTATE CAPITAL HOLDINGS INC | 210,095 |
| TRITON INTERNATIONAL LTD | 417,334 |
| TTEC HOLDINGS INC | 241,678 |
| TTM TECHNOLOGIES INC | 202,074 |
| TURNING POINT BRANDS INC | 155,351 |
| TWILIO INC | 3,505,319 |
| TWIST BIOSCIENCE CORP | 2,305,061 |
| TYSON FOODS INC | 520,084 |
| UBER TECHNOLOGIES INC | 4,168,094 |
| UGI CORP | 741,033 |
| ULTA BEAUTY INC | 627,581 |
| ULTRA CLEAN HOLDINGS INC | 408,633 |
| UMPQUA HOLDINGS CORP | 254,160 |
43
| UNDER ARMOUR INC | 824,175 |
| UNILEVER PLC | 481,689 |
| UNION PACIFIC CORP | 2,765,184 |
| UNISYS CORP | 111,531 |
| UNITED RENTALS INC | 269,155 |
| UNITED THERAPEUTICS CORP | 516,647 |
| UNIVAR SOLUTIONS INC | 216,594 |
| UNIVERSAL CORP/VA | 275,753 |
| UNIVERSAL HEALTH SERVICES INC | 1,108,852 |
| UPLAND SOFTWARE INC | 158,913 |
| UPWORK INC | 3,557,798 |
| US FOODS HOLDING CORP | 979,872 |
| VALLEY NATIONAL BANCORP | 268,208 |
| VALVOLINE INC | 834,513 |
| VERACYTE INC | 1,098,763 |
| VERITEX HOLDINGS INC | 199,218 |
| VERIZON COMMUNICATIONS INC | 2,766,506 |
| VERTEX PHARMACEUTICALS INC | 2,152,958 |
| VIAD CORP | 95,892 |
| VIATRIS INC | 526,872 |
| VIKING THERAPEUTICS INC | 337,534 |
| VIMEO INC | 2,324,060 |
| VIPER ENERGY PARTNERS LP | 334,056 |
| VISA INC | 4,096,903 |
| VISTRA CORP | 4,503,177 |
| VONTIER CORP | 2,315,506 |
| VOYA FINANCIAL INC | 515,892 |
| VROOM INC | 1,743,610 |
| WABASH NATIONAL CORP | 194,126 |
| WALKER & DUNLOP INC | 598,390 |
| WEBSTER FINANCIAL CORP | 254,910 |
| WELLS FARGO & CO | 3,461,757 |
| WERNER ENTERPRISES INC | 147,079 |
| WESCO INTERNATIONAL INC | 1,059,957 |
| WESTERN UNION CO/THE | 175,171 |
| WESTINGHOUSE AIR BRAKE TECHNOL | 1,920,494 |
| WESTLAKE CORP | 121,413 |
| WHITE MOUNTAINS INSURANCE GROU | 280,850 |
| WHITING PETROLEUM CORP | 196,433 |
| WILLIAMS-SONOMA INC | 575,549 |
| WINTRUST FINANCIAL CORP | 160,297 |
| WISDOMTREE INVESTMENTS INC | 1,006,165 |
| WIX.COM LTD | 4,200,843 |
| WOODWARD INC | 548,066 |
44
| WORKDAY INC | 3,483,318 | ||
| WORLD FUEL SERVICES CORP | 245,192 | ||
| WSFS FINANCIAL CORP | 68,013 | ||
| WYNDHAM HOTELS & RESORTS INC | 3,956,523 | ||
| YELP INC | 257,775 | ||
| ZEBRA TECHNOLOGIES CORP | 983,270 | ||
| ZENDESK INC | 1,857,301 | ||
| ZIFF DAVIS INC | 2,939,342 | ||
| ZIMMER BIOMET HOLDINGS INC | 788,410 | ||
| ZIPRECRUITER INC | 849,556 | ||
| ZOOMINFO TECHNOLOGIES INC | 1,213,698 | ||
| TOTAL CORPORATE STOCKS | $ | 704,278,150 | |
| REGISTERED INVESTMENT COMPANIES | |||
| DODGE & COX INTL STCK-I | $ | 31,650,980 | |
| TOTAL REGISTERED INVESTMENT COMPANIES | $ | 31,650,980 | |
| SELF DIRECTED BROKERAGE | |||
| (a) | VARIOUS STOCKS, MUTUAL FUNDS AND MONEY MARKET | $ | 100,310,223 |
| TOTAL SELF DIRECTED BROKERAGE | $ | 100,310,223 | |
| (a) | PARTICIPANT LOANS (Interest rates ranging from 4.25% to 10.5%, maturing through May 2048) | $ | 55,361,807 |
| NET ASSETS PENDING SETTLEMENT | $ | (4,334,076) | |
| TOTAL NET ASSETS | $ | 5,101,277,352 | |
| (a) | Party-in-interest to the Plan | ||
| Note: Historical Cost is not required as all investments are participant-directed. |
45
AEP RETIREMENT SAVINGS 401(K) PLAN
EXHIBIT INDEX
| Exhibit Number | Description |
| 23.1 |
Consent of BDO USA, LLP
|
46