UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
      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 1-7657
A.           Full title of the plan and the address of the plan, if different from that of the issuer named below:
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
B.             Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
AMERICAN EXPRESS COMPANY
200 Vesey Street
New York, New York 10285




AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedules

Table of Contents
*    Other schedules required under Section 2520.103 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable or not required.



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Administrator and Plan Participants of
American Express Retirement Savings Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of the American Express Retirement Savings Plan (the Plan) as of December 31, 2021 and 2020, and the related statement of changes in net assets available for benefits for the year ended December 31, 2021, and the related notes to the financial statements (collectively referred to as 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 accounting principles generally accepted in the United States of America.
Basis for Opinion on the Financial Statements
The 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 audit. 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 audit 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 audit, 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 audit 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 include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by Plan management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
Report on Supplemental Schedules
The supplemental schedules of delinquent participant contributions for the year ended December 31, 2021, of assets (held at end of year) as of December 31, 2021, and of assets (acquired and disposed of within year) for the year ended December 31, 2021, have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile 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 schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are 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 schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ McConnell & Jones LLP
We have served as the Plan’s auditor since 2021.
Houston, Texas
June 16, 2022



AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Benefits
as of December 31, 2021 and 2020
(Thousands)

2021

2020
Assets




Investments, at fair value:




Money market funds

$50,866 

$76,393 
Corporate debt instruments

131,852 

140,014 
Common stocks

2,492,831 

2,353,264 
U.S. Government and agency obligations

239,859 

202,259 
Common/collective trusts

3,190,809 

2,668,893 
Mutual funds

469,118 

466,904 
Self-directed brokerage accounts

162,436 

140,110 
Other investments

172,012 

169,990 
Total investments, at fair value

6,909,783 

6,217,827 





Fully benefit responsive investment contracts, at contract value

758,772 

738,829 
Due from brokers

5,235 

7,529 
Cash (non-interest bearing)

2,927 

8,428 
Receivables:


Notes receivable from participants

62,048 

69,734 
Investment income accrued

3,827 

4,125 
Employer contributions

79,218 

79,376 
Total Assets

7,821,810 

7,125,848 





Liabilities




Accrued expenses

3,149 

2,936 
Due to brokers

97,978 

30,586 
Total Liabilities

101,127 

33,522 
Net assets available for benefits

$7,720,683 

$7,092,326 
See accompanying notes to the financial statements.
1

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 2021
(Thousands)

2021
Contributions

Employer

$186,225 
Employee

210,428 
Rollovers

29,658 
Total contributions

426,311 



Investment income


Net appreciation of investments

889,741 
Interest and dividends

75,440 
Other income

159 
Total investment income

965,340 



Interest on notes receivable from participants

3,530 
Total additions to net assets

1,395,181 



Withdrawal payments

(751,740)
Administrative expenses

(15,084)
Total deductions from net assets

(766,824)



Net increase in net assets available for benefits

628,357 



Net assets available for benefits at beginning of year

7,092,326 
Net assets available for benefits at end of year

$7,720,683 
See accompanying notes to the financial statements.
2

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
1. Description of the Plan
General
The American Express Retirement Savings Plan (the “Plan”), which became effective June 11, 1973, is a defined contribution plan. Under the terms of the Plan, regular full-time and certain part-time employees of American Express Company and its participating subsidiaries (the “Company”) can make elective contributions to the Plan beginning as soon as practicable after their date of hire, and eligible employees hired for the first time on or after January 1, 2017 are covered by the Plan’s automatic enrollment provisions. Eligible employees can qualify to receive Company contributions, if any, upon completion of six months of service.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The following is not a comprehensive description of the Plan, and therefore does not include all situations and limitations covered by the Plan. The Plan Document (“Plan Document”) is the exclusive governing document and should be referred to for more complete information.
Administration
Principal Life Insurance Company became the recordkeeper and Delaware Charter Guarantee & Trust Company, d/b/a Principal Trust Company, became the Trustee effective May 25, 2021. Principal Custody Solutions became the custodian effective February 22, 2022. Prior to these dates, Wells Fargo Bank N.A. was the recordkeeper, Trustee and custodian for the Plan. The Plan is administered by the Company’s Employee Benefits Administration Committee (“EBAC”) and the Company’s Retirement Savings Plan Investment Committee (“RSPIC”). The Plan Document requires that the American Express Company Stock Fund be offered as an investment option, subject to compliance with ERISA. RSPIC has the power to select the other investment options available under the Plan and the manner in which these investment options are invested. Subject to Plan limits, RSPIC also has the power to appoint investment managers to make investment decisions. Under the terms of the Plan Document, the members of EBAC and RSPIC are appointed by the Company’s Vice President, Global Well-Being and Benefits.
Compensation
The participant compensation (commonly referred to as “Total Pay”) that is used in the calculation of Plan contributions generally includes an employee’s base pay plus overtime, shift differentials, most commissions and most cash incentives. For participants above certain salary grades, as defined by the Plan, Total Pay does not include any incentive pay which, in the aggregate, is in excess of one times their base salary when calculating Company contributions.
For purposes of the Plan, compensation is limited to a participant’s regular cash remuneration up to a maximum of $290,000 in 2021 and $285,000 in 2020, before tax deductions and certain other withholdings.
Contributions
The Plan currently provides for the following contributions:
Elective Contributions
Each pay period, participants may make Before-Tax Contributions, Roth Contributions, and/or After-Tax Contributions up to 10% of eligible compensation, or a combination thereof, not to exceed 80% of their Total Pay, to the Plan through payroll deductions. Roth Contributions are a special type of after-tax contribution and are subject to most of the same rules as Before-Tax Contributions. The Internal Revenue Code of 1986, as amended (the “Code”) imposes a limitation that is adjusted annually for cost of living increases on participants’ pre-tax and Roth contributions to plans which are qualified under Code Section 401(k) and other specified tax-favored plans. For both 2021 and 2020, this limit was $19,500 for participants under age 50 and $26,000 for participants age 50 or older. The Plan complied with non-discrimination requirements under the Code during 2020 and 2019 by utilizing the safe harbor design for deferrals and matching contributions in accordance with Sections 401(k)(12) and 401(m)(11) of the Code.
3

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Eligible employees hired for the first time on or after January 1, 2017 are automatically enrolled to make Before-Tax Contributions equal to 3% of Total Pay, with a 1% automatic increase each year until the rate reaches 10%, unless the employee makes an alternative election to contribute at a different rate or opt out of automatic enrollment.
Effective January 1, 2022, the automatic enrollment rate for Before-Tax contributions increased to 6% of Total Pay, with a 1% automatic increase each year until the rate reaches 10%. In addition, eligible employees rehired on or after January 1, 2022 are covered by the automatic enrollment provisions when rehired.
Company Matching Contributions
The Company matches 100% of a participant’s Before-Tax Contributions and/or Roth Contributions up to 6% of Total Pay after a participant’s completion of six months of service.
Fixed Rate Contributions
As of January 1, 2021, the Company may make a Fixed Rate Contribution annually, typically comprised of 2.00% or 3.00% of eligible participants’ Total Pay (with the applicable percentage determined by a participant’s pay band level) for participants who have completed six months of service. Such typical percentages were applied to calculate the Fixed Rate Contribution for 2021. Participants must be employed on the last working day of the Plan year (or be disabled under the terms of the Plan) to be eligible for any Fixed Rate Contributions made for that Plan year. Fixed Rate Contributions to eligible participants are made regardless of whether the participant contributes to the Plan.
Discretionary Profit Sharing Contributions
Prior to January 1, 2021, additional Company contributions were made annually at the Company’s discretion based, in part, on the Company’s performance, and the Company retains the right to make such contributions in the future. A participant must have completed six months of service and be employed on the last working day of the Plan year (or be disabled under the terms of the Plan) to be eligible for such Discretionary Profit Sharing Contributions. Discretionary Profit Sharing Contributions comprised 2.00% of eligible participants’ Total Pay in 2020, and none were made for 2021.
Qualified Non-Elective Contributions
The Company may make Qualified Non-Elective Contributions (“QNEC”). A QNEC is a discretionary, fully vested contribution allocated in accordance with the Company's direction at the time the QNEC is approved. Any QNECs are fully vested when made and distributable only under circumstances that permit distributions of Before-Tax Contributions or Roth Contributions.
Disability Contributions
Certain qualifying participants who become disabled, as defined by the Plan Document, are eligible to receive contributions similar to Fixed Rate Contributions, Discretionary Profit Sharing Contributions and Matching Contributions.
Allocation of Account Balances
A participant’s account balance may be reallocated among the Plan’s investment options upon receipt of instructions from the participant. Account balances may be reallocated among the Plan’s investment options on a daily basis.
Participant Rollovers
A rollover contribution is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers are accepted into the Plan, but are not subject to Company contributions.
In-Plan Roth Conversions
The Plan allows for in-Plan Roth conversions.
Vesting
Participants are immediately vested in their elective Before-Tax, Roth and After-Tax Contributions and rollovers, if any, as well as the investment earnings on the foregoing. Other contributions become vested as set forth below:
4

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Company Matching Contributions
Company Matching Contributions and investment earnings thereon are immediately 100% vested.
Fixed Rate Contributions
Fixed Rate Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.
Discretionary Profit Sharing Contributions
Discretionary Profit Sharing Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.
Qualified Non-Elective Contributions
QNECs are immediately 100% vested and investment earnings thereon are immediately 100% vested.
Disability Contributions
Disability Contributions are immediately 100% vested.
Forfeitures
Forfeitures of terminated participants’ non-vested accounts, as well as amounts attributable to outstanding checks as to which the payee cannot be located, are used to pay Plan expenses or to reduce future Company contributions. Forfeited non-vested balances were $3.0 million and $1.7 million as of December 31, 2021 and 2020, respectively. Accrued 2021 Fixed Rate Contributions and 2020 Discretionary Profit Sharing Contributions made to the Plan in March 2022 and March 2021, were reduced by $2.2 million and $1.3 million, respectively, from forfeited account balances; of the remaining forfeitures, $0.8 million will be used in 2022 and $0.4 million was used in 2021 to pay Plan expenses.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts and Plan assets will be distributed in accordance with the Plan Document.
Notes Receivable from Participants
Notes receivable from participants (loans) are carried at their unpaid principal balance plus any accrued but unpaid interest. Participants are allowed to apply for a loan from the Plan for a minimum amount of $500 up to the lesser of $50,000 or 50% of their vested balance, subject to certain restrictions set forth in the Plan and the Code. General purpose loans are limited to terms of 59 months. Loans to purchase a principal residence have a maximum term of 359 months. Loan repayment amounts, including principal and interest, are deducted each pay period and allocated to participants’ investment accounts in accordance with the election in effect for new contributions at the time of repayment. Terminated participants who have an outstanding loan may make arrangements with the Recordkeeper to pay the loan in full, or make installment payments. If arrangements are not made for the payment of the outstanding loan balance, the loan amount will be considered in default and the outstanding loan balance will be offset from the account balance, subject to income tax regulations.
Loans are collateralized by the participant’s remaining vested account balance and the interest rate is fixed for the life of the loan. The interest rate determination is based on the prime rate plus one percentage point. In the event of a loan default, the loan is treated as a distribution (i.e., as an early withdrawal of funds from the Plan for tax purposes), which subjects the participant to income tax plus any penalties imposed by the Code based on the loan balance. If the participant is still employed, the loan balance is taxed as a “deemed distribution” but remains outstanding as an obligation of the participant until it is either repaid or the participant terminates employment. In the event of a termination, either voluntary or involuntary, the loan balance is treated as an actual distribution and deducted from the participant’s Plan account balance. Loans outstanding to participants at December 31, 2021, carried interest rates varying from 3.25% to 9.50% and will mature at various dates through July 20, 2051.
5

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Tax Deferrals
As long as the Plan remains qualified and the related Trust (the “Trust”) remains tax exempt, amounts invested in the Plan through Before-Tax Contributions and Company contributions and rollovers, as well as the investment earnings on such amounts, are not subject to federal income tax until distributed to the participant. After-Tax Contributions are taxed when contributed, with earnings taxed upon distribution. Roth Contributions are taxed when contributed, and earnings on Roth Contributions and rolled-in Roth amounts qualify for tax-free distribution if a participant (i) reaches age 59-1/2, dies or becomes disabled (as defined by federal law) and (ii) has a Roth Contribution account with the Plan (or another plan from which a direct rollover of Roth contributions is received) for at least five taxable years. If those conditions are not met, earnings on Roth Contributions are taxed when distributed. Amounts that are converted to Roth status through an in-plan Roth conversion are taxed when converted (with the exception of After-Tax Contributions; however, earnings on After-Tax Contributions are subject to tax when converted), and thereafter are subject to the Roth taxation rules.
Distributions and Withdrawals
Upon termination of employment due to disability, death or retirement at or after attainment of the Plan’s normal retirement age (65), participants or their beneficiaries are fully vested and eligible to receive a distribution of the full value of their accounts. If employment ends for other reasons, participants are eligible to receive a distribution of their vested account balance. When employment ends, participants (or their beneficiaries) may elect to receive their vested balance as a cash amount, American Express Company common shares, if applicable, shares of any investment available through self-directed brokerage accounts (“SDA”), if applicable, or a combination of cash and shares. If the account balance is greater than $1,000, a participant may elect to defer distribution until April 1st of the year following the year in which the participant attains age 72 (age 70-1/2 if the participant had already attained age 70-1/2 as of December 31, 2020), at which point distributions must be made at least annually in at least the minimum amount required by federal law. However, 2020 required minimum distributions that would otherwise have been due on April 1, 2021 were waived in accordance with the Coronavirus Aid, Relief and Economic Security Act (the CARES Act). If the account balance is $1,000 or less, a distribution will be made in a lump sum following the end of employment. Participants may request a withdrawal of all or a portion of their vested account balances subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code. Distributions and withdrawals are recorded when paid. Distributions (other than required minimum distributions and hardship withdrawals) may be rolled over to a qualified Individual Retirement Account (“IRA”) or other qualified employer retirement plan, if that plan allows rollovers.
Expenses
The Company, in its discretion, may pay certain administrative expenses, with any expenses not paid by the Company being charged to the Plan. Expenses related to separately managed investment funds are generally paid out of the applicable investment funds. Fees, commissions, and other charges and administrative expenses that are attributable to the investment funds as a whole are generally paid from the Plan. All such expenses that are paid by the Plan are included within the administrative expenses on the Statement of Changes in Net Assets Available for Benefits. Fees and expenses incurred indirectly by the Plan from the underlying mutual funds and collective trusts in which the Plan may invest are not included in the Statement of Changes in Net Assets Available for Benefits as expenses, but reduce the asset value of that mutual fund or collective trust. Additional expenses are associated with the SDA, and participants electing to invest through the SDA are charged directly for these fees through their SDA.
The Plan's recordkeeper charges the Plan for recordkeeping of participant accounts, as well as trust and custody of plan assets. The Plan’s fee structure provides for a flat per-participant fee. The Plan’s investment adviser, NEPC, LLC, receives its compensation primarily in the form of a flat fee for its investment advisory services, which is paid by the Plan, plus an additional flat fee related to the oversight of the asset allocation of the Retirement Funds, as discussed in Note 4 (Investments), which is charged to the Plan’s Retirement Funds on a pro rata basis. Additionally, as described in Note 8 (Related Parties and Parties-In-Interest Transactions), the Plan reimburses the Company for direct expenses (salary and benefit costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.
6

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
2. Summary of Significant Accounting Policies
Basis of Accounting
The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
Amounts Based on Estimates and Assumptions
Accounting estimates are an integral part of the financial statements. These estimates are based, in part, on management’s assumptions concerning future events. Among the more significant assumptions are those that relate to fair value measurements. These accounting estimates reflect the best judgment of management, but actual results could differ.
Cash and Cash Equivalents
Cash includes cash on hand, while cash equivalents include other highly liquid investments with an original maturity of 90 days or less, such as money market funds. All cash equivalents are presented within the "Money market funds" and "Self-directed brokerage accounts" line items in the financial statements and are reported on “Schedule H, Line 4i”.
Investment Valuation and Income Recognition
Investments are generally reported at fair value, with the exception of fully benefit responsive investment contracts, which are reported at contract value. Investments traded on securities exchanges, including common and preferred stocks, are valued at the year-end closing market prices or, in the absence of a closing price, the last reported trade price at the financial statement date. The fair value of the Plan’s corporate debt instruments, U.S. Government and agency securities, municipal bonds and foreign bonds, is valued using a variety of observable market inputs, depending on the type of security being priced, and are obtained from pricing services engaged by Wells Fargo Bank N.A. See Note 3 (Fair Value Measurements) for a detailed discussion of the valuation techniques.
Purchases and sales of securities are reflected on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis. As required by the Plan, all dividend and interest income is reinvested into the same investment option in which the dividends and interest income arose, provided that restrictions may apply to investments held under the SDA, and with the exception of the American Express Company Stock Fund, which is an investment option and an Employee Stock Ownership Plan (“ESOP”). The ESOP holds shares of American Express Company stock on behalf of participants. Dividends are automatically reinvested in the American Express Company Stock Fund, unless participants elect that the dividends paid with respect to their interest in the fund be distributed in cash.
The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation in the fair value of its investments, which consists of the realized gains or losses and the unrealized appreciation or depreciation on those investments.
Subsequent Events
The Plan has evaluated subsequent events or transactions for potential recognition or disclosure through June 16, 2022, the date the financial statements were issued. The Plan determined that there are no subsequent events or transactions that require additional disclosure.
7

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
3. Fair Value Measurements
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, based on the Plan’s principal or, in the absence of a principal, most advantageous market for the specific asset or liability.
GAAP provides for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:
Level 1 – Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan can access.
Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:
Quoted prices for similar assets or liabilities in active markets;
Quoted prices for identical or similar assets or liabilities in markets that are not active;
Inputs other than quoted prices that are observable for the asset or liability; and
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3 – Inputs that are unobservable and reflect the Plan’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows).
The Plan monitors the market conditions and evaluates the fair value hierarchy levels at least annually.
The Plan corroborates the prices provided by Wells Fargo Bank N.A.'s pricing services to test their reasonableness by comparing their prices to valuations from a different pricing source. In instances where price discrepancies are identified between different pricing sources, the Plan would evaluate such discrepancies to ensure that the prices used for its calculation represent the fair value of the underlying investment securities.
Financial Assets Carried at Fair Value
Financial assets disclosed in the tables below represent two types of assets. Assets held in funds (either mutual funds or common/collective trusts) are disclosed in the table according to the appropriate fund category (the underlying securities of those funds are not disclosed separately). Assets held in separate accounts (which are wholly owned by the Plan) are disclosed according to the appropriate category of the individual securities of those separately managed accounts; these individual securities include common stocks and fixed income securities. As such, the classification of financial assets in the table does not correspond to the classification of the investment options available to Plan participants, as discussed in Note 4 (Investments).
8

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2021:
Description (Thousands)

Total

Level 1

Level 2
Money market funds

$50,866 

$50,866 

$— 
Corporate debt instruments

131,852


131,852
Common stocks

2,492,831

2,492,831

Common/Collective trusts

1,427,249


1,427,249
U.S. Government and agency obligations

239,859


239,859
Mutual funds

469,118

469,118

Self-directed brokerage accounts

162,436

162,436

Other investments

172,012


172,012
Total assets in the fair value hierarchy

$5,146,223 

$3,175,251 

$1,970,972 
Common/collective trusts measured at net asset value (“NAV”)

1,763,560




Total investments, at fair value

$6,909,783 




The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2020:
Description (Thousands)

Total

Level 1

Level 2
Money market funds

$76,393 

$76,393 

$— 
Corporate debt instruments

140,014 

— 

140,014 
Common stocks

2,353,264 

2,353,264 

— 
Common/Collective trusts

1,171,445 

— 

1,171,445 
U.S. Government and agency obligations

202,259 

— 

202,259 
Mutual funds

466,904 

466,904 

— 
Self-directed brokerage accounts

140,110 

140,110 

— 
Other investments

169,990 

— 

169,990 
Total assets in the fair value hierarchy

$4,720,379 

$3,036,671 

$1,683,708 
Common/collective trusts measured at NAV

1,497,448 




Total investments, at fair value

$6,217,827 





9

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Valuation Techniques Used in the Fair Value Measurement of Financial Assets Carried at Fair Value
For the financial assets measured at fair value on a recurring basis (categorized in the valuation hierarchy table above), the Plan applies the following valuation techniques:
Level 1:
Money market funds are valued at NAV, which represents the exit price.
Investments in American Express Company common stock, other stock and active publicly traded equity securities are valued at the official closing price of U.S. public exchanges or, if there is no official closing price that day, at the last reported trade price at the financial statement date.
Mutual funds held within the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940. These investments are required to make publicly available the daily NAV of the fund and to transact at this price. Hence, open-end mutual funds transact at quoted prices. In addition, the mutual funds held by the Plan are actively traded.
The Plan’s self-directed brokerage accounts are primarily comprised of mutual funds and are valued using the corresponding valuation techniques as previously described.
Level 2:
The fair values for the Plan’s corporate debt instruments, U.S. Government and agency obligations (which also include state and local government obligations) and Other investments (asset-backed securities, foreign sovereign debt and private placement bonds), are obtained primarily from pricing services engaged by Wells Fargo Bank N.A. The fair values provided by the pricing service are estimated using pricing models, where the inputs to those models are based on observable market inputs or recent trades of similar securities. The inputs to the valuation techniques applied by the pricing service vary depending on the type of security being priced but are typically benchmark yields, benchmark security prices, credit spreads, prepayment speeds, reported trades, and broker-dealer quotes, all with reasonable levels of transparency. Wells Fargo Bank N.A. does not apply any adjustments to the pricing models used. In addition, the Plan did not apply any adjustments to the prices received from the pricing services for 2021 and 2020. The Plan reaffirms its understanding of the valuation techniques used by Wells Fargo Bank N.A.'s pricing services at least annually. The Plan classifies the prices obtained from the pricing services within Level 2 of the fair value hierarchy because the underlying inputs are directly observable from active markets or recent trades of similar securities in inactive markets. However, the pricing models used do entail a certain amount of subjectivity, and therefore differing judgments in how the underlying inputs are modeled could result in different estimates of fair value.
Common/collective trusts are investment funds formed by the pooling of investments by institutional investors, such as a group of not necessarily affiliated pension or retirement plans, typically with the intention of achieving cost savings over similar investment options such as mutual funds. Common/collective trusts are similar to mutual funds, with a named investment manager and documented investment objective. These investments, however, are not registered with the SEC (unlike mutual funds, which are registered with the SEC), and participation is not open to the public. The NAV is measured by the custodian or investment manager as of the close of regular daily trading and is corroborated with observable inputs provided by pricing services for the securities. To the extent the NAV is made publicly available, these common/collective trusts are classified within Level 2 of the fair value hierarchy and the NAVs represent the exit price for the funds.
Level 3:
There are no Level 3 securities held by the Plan.
Assets Measured at NAV:
For common/collective trusts whose NAVs are communicated only to investors in the trusts and are not publicly available, the NAVs are being used as practical expedient for fair value and represent the exit price for the funds.
10

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
The fair values of the financial instruments are estimates based upon the market conditions and perceived risks as of December 31, 2021 and 2020 and require management judgment. The Plan’s valuation techniques used to measure the fair value of its investments may produce fair values that may not be indicative of a future sale, or reflective of future fair values. The use of different techniques to determine the fair value of these types of investments could result in different estimates of fair value at the reporting date. There were no transfers among the levels of fair value hierarchy during the years ended December 31, 2021 and 2020.
Fair Value of Investments Using NAV as Practical Expedient
The following tables summarize investments measured at fair value based on NAV per share/unit as of December 31, 2021 and 2020, respectively:
As of December 31, 2021
Fair Value
(Thousands)
Redemption Frequency
Redemption Notice Period
Common/collective trusts(a)
$1,763,560
As needed
Up to 5 days
As of December 31, 2020
Fair Value
(Thousands)
Redemption Frequency
Redemption Notice Period
Common/collective trusts(a)
$1,497,448
As needed
Up to 5 days
a.Common/collective trusts are invested to gain exposure to broad public indices, including U.S., international developed and emerging market equity securities and fixed income securities.
11

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
4. Investments
The investment options available to participants include nine core investment options (the “Core Investment Options”), of which five are actively managed (although in some cases, an actively managed option may also include a passively managed component) and four are passively managed (also known as index funds). In addition, target date funds (the “Retirement Funds”) based on target retirement dates are also available. The Retirement Funds invest in a mix of the actively managed Core Investment Options (and in some cases, also include an allocation to a Treasury inflation-protected securities strategy not available as a Core Investment Option). The age-appropriate Retirement Fund for the year in which a participant turns 65 generally serves as the Plan’s “default investment” to the extent a participant does not have a valid investment election on file. Additional investment options include the SDA and the American Express Company Stock Fund. A participant may currently elect to invest contributions in any combination of investment options in increments of 1% and change investment elections for future contributions on any business day the New York Stock Exchange is open. Participants may allocate up to 10% of their future contributions to the American Express Company Stock Fund, and transfers of balances from other investment options into the American Express Company Stock Fund are only permitted to the extent the participant’s investment in the American Express Company Stock Fund after the transfer does not exceed 10% of the participant’s overall Plan balance. Special rules and restrictions may apply to the SDA.
A brief description of the investment options available to participants at December 31, 2021, is set forth below:
Core Investment Options
RSPIC has created five actively managed Core Investment Options to provide diversified and actively managed options to participants. Four of these actively managed Core Investment Options (The Diversified Bond Fund, The U.S. Large-Cap Equity Fund, The U.S. Small/Mid-Cap Equity Fund, and The International Equity Fund) represent a broad asset class (e.g., U.S. Large-Cap Equity, U.S. Small/Mid-Cap Equity, Bonds, etc.) using several managers (and in some cases, also including a passively managed component) within each Fund. These actively managed Core Investment Options seek to outperform a broad market index by buying and selling a limited number of investments (stocks, bonds, or other investments) using the underlying investment managers’ investment management skills.
The actively managed Stable Value Fund invests in diversified pools of U.S. Government and agency fixed income securities together with book value wrap agreements issued by creditworthy insurance companies or banks with the objective to protect a participant’s original investment while offering a competitive rate of interest with minimum risk.
The Stable Value Fund holds a portfolio of book value wrap contracts that are fully benefit-responsive and comprised of both an investment and a contractual component. The investment component consists of units of common/collective trusts, fixed income strategies and a portfolio of actively managed fixed income securities, referred to as the Stable Value Fund assets. Under the book value wrap contracts, the book value wrap provider is obligated to provide sufficient funds to cover participant benefit withdrawals and certain types of investment transfers regardless of the market value of the Stable Value Fund assets. A portion of the Stable Value Fund assets are held in a separate account at MetLife as a condition for MetLife to provide its life insurance separate account contract, which provides similar participant benefit payments as a book value wrap contract. The assets in the MetLife separate account are not subject to the liabilities of the general account of MetLife. While the contracts are designed to protect the Stable Value Fund against interest rate risk, the Stable Value Fund is still exposed to risk if issuers of the Stable Value Fund assets default on payment of interest or principal, but this risk is mitigated because the underlying Stable Value Fund assets in the Stable Value Fund bond portfolio are backed by the U.S. Government. The contracts may not cover participant benefit payments at contract value upon the occurrence of certain events, described below, involving the Stable Value Fund, American Express as its plan sponsor (“Plan Sponsor”) or Ameriprise Trust Company, an affiliate of Ameriprise Financial, Inc., its investment manager.
12

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
Fully benefit-responsive book value wrap contracts held by a separately managed account created for a defined contribution plan are required to be reported at contract value, rather than fair value, on the Statements of Net Assets. Contract value is the relevant measure for fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals, and administrative expenses.
Certain events might limit the ability of the Plan to transact at contract value with the contract issuer and therefore also limit the ability of the Plan to transact at contract value with the participants of the Plan. These events may be different under each contract. Examples of such events include the following:
The Plan’s failure to qualify under Section 401(a) of the Internal Revenue Code or the failure of the trust to be tax-exempt under Section 501(a) of the Internal Revenue Code;
Premature termination of the contracts;
Plan termination or merger;
Changes to the Plan’s administration of competing investment options; and
Bankruptcy of the Plan Sponsor or other Plan Sponsor events (for example, divestitures or spinoffs of a subsidiary) that significantly affect the Plan’s normal operations.
The Plan believes no such events are probable of occurring.
In addition, certain events allow the issuer to terminate the contracts with the Plan and settle at an amount different from contract value. Those events may be different under each contract. Examples of such events include the following:
An uncured violation of the Plan’s investment guidelines;
A breach of material obligation under the contract;
A material misrepresentation; and
A material amendment to the agreements without the consent of the issuer.
The Plan believes no such events are probable of occurring.
RSPIC has also created four passively-managed (index) Core Investment Options: The Diversified Bond Index Fund, The U.S. Large-Cap Equity Index Fund, The U.S. Small/Mid-Cap Equity Index Fund, and The International Equity Index Fund, which currently use a single index fund as the underlying investment in each Fund. Each passively-managed Core Investment Option seeks to mirror the investments and track the performance of a broad market index that includes hundreds or thousands of stocks or bonds.
Self-Directed Brokerage Accounts
The SDA gives participants the opportunity to invest in a wide variety of mutual funds in addition to the specific investment options mentioned above. Participants may request a Prospectus for any of the funds available through the SDA.
American Express Company Stock Fund
The Plan Document requires that this Fund be offered as an investment option under the Plan, subject to compliance with ERISA. The American Express Company Stock Fund is an ESOP. This Fund invests primarily in American Express Company common shares and holds a small amount of cash or other short-term cash equivalents to meet requests for investment transfers, withdrawals, and distributions. Participants have full voting rights for the common shares underlying the units that are allocated to the American Express Company Stock Fund.
A full, detailed description of the Plan’s investment options, and associated terms and conditions, is available to all participants.
13

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
5. Risks and Uncertainties
The Plan invests in various 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 and current market volatility, it is at least reasonably possible that changes in the values of investment securities will continue to occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits.
6. Income Tax Status
The Plan has received a favorable determination letter from the Internal Revenue Service (“IRS”) dated November 21, 2016, stating that the Plan is qualified under section 401(a) of the Code, and therefore, the related trust is exempt from taxation. The Plan has been amended after the period covered by the determination letter. Although the Plan has been amended since receiving the determination letter, the Company believes the Plan, as amended, is currently designed and being operated in compliance with the applicable requirements of the Code, and therefore, believes that the Plan, as amended, is qualified, the related trust is tax-exempt, and the Plan satisfies the requirements of Section 4975(e)(7) of the Code.
GAAP requires plan management 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 likely than not would not be sustained upon examination by the IRS. Plan management 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.
7. Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements to Form 5500 as of December 31, 2021 and 2020:
(Thousands)

2021

2020
Net assets available for benefits per the financial statements

$7,720,683 

$7,092,326 
Difference between contract value and fair value of fully benefit-responsive investment contracts

1,462 

17,966 
Loans deemed distributed

(286)

(300)
Net assets available for benefits per the Form 5500

$7,721,859 

$7,109,992 
The following is a reconciliation of net income per the financial statements to Form 5500 for the year ended December 31, 2021:
(Thousands)

2021
Net increase in net assets available for benefits per the financial statements

$628,357 
Adjustment for difference between contract value and fair value of fully benefit-responsive investment contracts

(16,504)
Change in deemed distributions of participant loans

14 
Net income per the Form 5500

$611,867 

14

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Notes to Financial Statements
8. Related Parties and Parties-In-Interest Transactions
The Plan allows for transactions with, and certain investments in, certain parties that may perform services for, or have fiduciary responsibilities to, the Plan, including Wells Fargo Bank, N.A. and its affiliates, Principal Financial Group and its affiliates as well as investment managers appointed by RSPIC. Transactions with these parties are considered party-in-interest transactions, but not considered prohibited transactions under ERISA. As noted in Supplemental Schedule H, Line 4i, the Plan held investments with parties-in-interest in Ameriprise Financial, Inc. and its affiliates, BlackRock Institutional Trust Company, N.A. and its affiliates, Fidelity Investment Management and its affiliates, J.P. Morgan Investment Management, Inc. and its affiliates, MetLife Inc. and its affiliates, Morgan Stanley Investment Management and its affiliates, Principal Financial Group and its affiliates, Vanguard Fiduciary Trust Company and its affiliates, Wells Fargo Bank, N.A. and its affiliates and Willis Tower Watson and its affiliates as of both December 31, 2021 and 2020. Charles Schwab and Co., Inc and its affiliates became a service provider and party-in-interest as of May 25, 2021. Notes Receivable from Participants, as discussed in Note 1 (Description of the Plan), are also considered party-in-interest transactions.
Berkshire Hathaway, Inc. and its affiliates are considered parties-in-interest due to ownership interests in the Company. The Plan holds certain securities in Berkshire Hathaway in accordance with investment strategies directed by its qualified professional asset managers.
Additionally, the Company is considered a party-in-interest as well as a related party. As of December 31, 2021 and 2020, the Plan held 4,605,470 shares of American Express Company common stock valued at $753 million and 5,015,340 shares valued at $606 million, respectively. During the 2021 plan year the Plan acquired 82,152 shares of American Express Company common stock valued at $20 million through dividend reinvestments and sold 234,738 shares valued at $56 million. The Plan reimburses the Company for direct expenses (salary and benefits costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.
15

SUPPLEMENTAL SCHEDULES
16

Table of Contents                                        
EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4a – Schedule of Delinquent Participant Contributions
for the Year Ended December 31, 2021
Participant Contributions Transferred Late to the PlanTotal that Constitute Nonexempt Prohibited Transactions
Check here if Late Participant Loan Repayments are included
Contributions Not CorrectedContributions Corrected Outside VFCPContributions Pending Correction in VFCPTotal Fully Corrected Under VFCP and PTE 2002-51
$38$38
In 2020, the Company untimely remitted a contribution deducted from a participant's paycheck. The Company remitted the delinquent participant contribution to the Plan and restored lost earnings on March 31, 2021.

17

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
Money Market Funds
*FIDELITY MM GOVT PORTFOLIO #5750,865 50,866
Total Money Market Funds$50,866 






Corporate Debt Instruments



ABBVIE INC 2.800% 3/15/23620 632
ABBVIE INC 4.050% 11/21/39485 556
ABBVIE INC 4.400% 11/06/42395 471
ABBVIE INC 4.500% 5/14/35410 490
ACTIVISION BLIZZARD 1.350% 9/15/30191 176
AEP TRANSMISSION CO 3.150% 9/15/49120 122
AERCAP IRELAND CAP/G 1.750% 1/30/26150 147
AERCAP IRELAND CAP/G 2.450% 10/29/26180 181
AERCAP IRELAND CAP/G 3.000% 10/29/28220 223
AERCAP IRELAND CAP/G 3.300% 1/30/32210 214
AERCAP IRELAND CAP/G 4.450% 4/03/26150 163
AERCAP IRELAND CAP/G 4.500% 9/15/23605 634
AETNA INC 3.875% 8/15/47150 167
AIR LEASE CORP 2.625% 7/01/22179 180
AIR LEASE CORP 3.250% 3/01/2581 84
AIR LEASE CORP 3.250% 10/01/29415 424
AIR LEASE CORP 3.375% 7/01/25462 482
ALABAMA POWER CO 5.700% 2/15/33200 257
ALBEMARLE CORP 5.450% 12/01/4450 65
ALEXANDRIA REAL ESTA 1.875% 2/01/33140 132
ALEXANDRIA REAL ESTA 2.000% 5/18/32310 296
ALTRIA GROUP INC 2.450% 2/04/32460 437
AMAZON.COM INC 3.250% 5/12/61200 215
AMAZON.COM INC 3.875% 8/22/37110 129
AMER AIRLINE 16-2 AA 3.200% 6/15/28153 154
AMER AIRLINE 16-3 AA 3.000% 4/15/30181 179
AMER AIRLINE 17-1 AA 3.650% 2/15/2954 56
AMER AIRLN 14-1 A PT 3.700% 10/01/2694 95
AMERICA MOVIL SAB DE 3.625% 4/22/29205 222
AMERICAN CAMPUS COMM 3.625% 11/15/27229 245
AMERICAN FINANCIAL 3.500% 8/15/26150 160
AMERICAN INTL GROUP 3.875% 1/15/35200 221
AMERICAN TOWER CORP 2.100% 6/15/30150 144
AMERICAN TOWER CORP 3.100% 6/15/50139 135


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
18

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
AMERICAN TOWER CORP 3.700% 10/15/49220 234
AMERICAN WATER CAPIT 3.450% 6/01/29150 162
AMGEN INC 3.150% 2/21/40200 205
ANALOG DEVICES INC 2.800% 10/01/41250 253
ANHEUSER-BUSCH COS 4.900% 2/01/46350 442
ANHEUSER-BUSCH INBEV 4.375% 4/15/38190 223
ANHEUSER-BUSCH INBEV 4.439% 10/06/48240 287
ANHEUSER-BUSCH INBEV 4.600% 6/01/60175 217
ANHEUSER-BUSCH INBEV 4.700% 2/01/36120 143
ANHEUSER-BUSCH INBEV 4.750% 4/15/589
APPLE INC 2.700% 8/05/51500 495
ARROW ELECTRONICS IN 3.875% 1/12/2855 60
ASSURANT INC 4.200% 9/27/23105 110
ASTRAZENECA PLC 2.125% 8/06/50140 124
ASTRAZENECA PLC 4.000% 9/18/4260 72
ASTRAZENECA PLC 6.450% 9/15/3770 103
AT&T INC 2.250% 2/01/32450 435
AT&T INC 2.300% 6/01/27725 737
AT&T INC 3.100% 2/01/43225 219
AT&T INC 3.500% 6/01/41154 158
AT&T INC 3.500% 9/15/53129 130
AT&T INC 3.550% 9/15/55638 640
ATMOS ENERGY CORP 0.625% 3/09/23115 115
ATMOS ENERGY CORP 5.500% 6/15/41100 133
AUTOZONE INC 1.650% 1/15/31190 179
BAKER HUGHES HLDGS L 5.125% 9/15/4050 62
BALTIMORE GAS & ELEC 2.900% 6/15/50110 109
BALTIMORE GAS & ELEC 3.500% 8/15/4670 76
BANCO SANTANDER SA 1.849% 3/25/26400 398
BANCO SANTANDER SA 2.749% 12/03/30200 196
BAT CAPITAL CORP 3.734% 9/25/40130 125
BAT CAPITAL CORP 3.984% 9/25/50200 192
BAT CAPITAL CORP 4.390% 8/15/37220 232
BAT CAPITAL CORP 4.540% 8/15/4755 58
BAT INTL FINANCE PLC 1.668% 3/25/26145 142
BAXALTA INC 3.600% 6/23/2215 15
BAXALTA INC 5.250% 6/23/459
*BERKSHIRE HATHAWAY 4.200% 8/15/48200 243
*BERKSHIRE HATHAWAY 4.450% 1/15/49235 290


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
19

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
BIOGEN INC 2.250% 5/01/30464 457
BIOGEN INC 3.150% 5/01/5075 72
BLACKSTONE SECURED 3.650% 7/14/23195 201
BOARDWALK PIPELINES 3.400% 2/15/31165 170
BOEING CO 1.433% 2/04/24445 444
BOEING CO 2.196% 2/04/26275 275
BOEING CO 2.750% 2/01/26330 339
BOEING CO 3.100% 5/01/26525 547
BOEING CO 3.250% 3/01/28251 260
BOEING CO 4.875% 5/01/25135 148
BOEING CO 5.040% 5/01/27245 276
BOEING CO 5.150% 5/01/30210 245
BOEING CO 5.705% 5/01/40175 225
BOSTON PROPERTIES LP 3.125% 9/01/2330 31
BOSTON SCIENTIFIC CO 4.000% 3/01/29136 151
BP CAP MARKETS AMERI 2.939% 6/04/51345 331
BP CAP MARKETS AMERI 3.017% 1/16/27135 143
BRISTOL-MYERS SQUIBB 4.125% 6/15/39122 144
BRISTOL-MYERS SQUIBB 5.000% 8/15/45171 227
BRIXMOR OPERATING PA 2.250% 4/01/28220 219
BRIXMOR OPERATING PA 2.500% 8/16/31115 113
BRIXMOR OPERATING PA 3.850% 2/01/25120 127
BROADCOM INC 4.750% 4/15/29330 376
BROOKFIELD FINANCE 4.700% 9/20/4764 79
BROOKFIELD FINANCE 4.850% 3/29/2996 111
BROWN & BROWN INC 2.375% 3/15/31100 97
BUCKEYE PARTNERS LP 5.850% 11/15/43195 191
BUNGE LTD FINANCE CO 2.750% 5/14/31260 264
BURLINGTN NORTH SANT 4.375% 9/01/42130 158
BURLINGTON NORTH SAN 6.150% 5/01/3760 85
CAMPBELL SOUP CO 3.125% 4/24/5066 65
CANADIAN PACIFIC RAI 3.000% 12/02/41223 228
CANADIAN PACIFIC RR 5.750% 3/15/3370 90
CAPITAL ONE FINANCIA 3.300% 10/30/24350 368
CAPITAL ONE FINANCIA 3.750% 7/28/2688 94
CBS CORP 4.000% 1/15/26292 315
CELANESE US HOLDINGS 3.500% 5/08/24118 123
CENTERPOINT ENER HOU 3.000% 2/01/2791 96
CHARTER COMM OPT LLC 3.500% 3/01/42375 364


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
20

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
CHARTER COMM OPT LLC 3.700% 4/01/51130 126
CHARTER COMM OPT LLC 5.375% 4/01/3848 57
CHARTER COMM OPT LLC 6.384% 10/23/35652 843
CHARTER COMM OPT LLC 6.834% 10/23/5570 100
CHENIERE CORP CHRIST 5.875% 3/31/25405 449
CHEVRON CORP 2.566% 5/16/23210 215
CIGNA CORP 3.400% 3/01/27415 446
CIGNA CORP 4.500% 2/25/26108 119
CINCINNATI FINL CORP 6.920% 5/15/2850 64
CITIGROUP INC 4.450% 9/29/2721 23
CITIZENS FINANCIAL 2.638% 9/30/3247 46
CLEVELAND ELECTRIC 5.950% 12/15/3640 53
CMS ENERGY CORP 2.950% 2/15/2739 40
CMS ENERGY CORP 3.875% 3/01/24180 189
COCA-COLA FEMSA SAB 1.850% 9/01/32205 193
COCA-COLA FEMSA SAB 2.750% 1/22/30190 194
COMCAST CORP 2.350% 1/15/27360 373
COMCAST CORP 3.200% 7/15/36200 213
COMCAST CORP 3.400% 4/01/301,375 1,501
COMCAST CORP 3.900% 3/01/3855 62
COMCAST CORP 4.250% 1/15/33150 176
COMMONSPIRIT HEALTH 2.782% 10/01/30545 558
COMMONWEALTH EDISON 3.650% 6/15/4645 50
COMMONWEALTH EDISON 3.750% 8/15/4770 79
CONAGRA BRANDS INC 5.400% 11/01/48100 135
CONSTELLATION BRANDS 4.400% 11/15/2575 82
CONTL AIRLINES 2012- 4.000% 10/29/24431 447
CORNING INC 3.900% 11/15/49100 112
CORPORATE OFFICE PRO 2.000% 1/15/2990 87
CORPORATE OFFICE PRO 2.750% 4/15/31362 360
CROWN CASTLE INTL CO 2.250% 1/15/31295 287
CSX CORP 6.000% 10/01/36175 236
CVS HEALTH CORP 2.700% 8/21/40500 481
CVS PASS-THROUGH TRU 6.036% 12/10/28— 0
DDR CORP 3.625% 2/01/2561 64
DELL INTL L L C / EM 5.450% 6/15/2335 37
DELL INTL L L C / EM 6.020% 6/15/26673 778
DELTA AIR LINES 2015 3.625% 7/30/271,035 1,087
DELTA AIRLINES 2015B 4.250% 7/30/23261 269


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
21

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
DH EUROPE FINANCE II 3.250% 11/15/3980 85
DIAMONDBACK ENERGY 3.250% 12/01/26150 158
DIAMONDBACK ENERGY 4.750% 5/31/25345 378
DIGITAL REALTY TRUST 3.700% 8/15/2739 42
DISCOVERY COMMUNICAT 3.450% 3/15/25120 126
DISCOVERY COMMUNICAT 5.200% 9/20/47275 341
DOLLAR GENERAL CORP 4.125% 5/01/2870 78
DOMINION ENERGY INC 3.375% 4/01/30210 223
DOMINION RESOURCES 2.750% 9/15/2266 67
DOMINION RESOURCES 2.850% 8/15/2676 79
DOWDUPONT INC 5.319% 11/15/38100 129
DR PEPPER SNAPPLE GR 3.430% 6/15/2735 37
DR PEPPER SNAPPLE GR 4.420% 12/15/4670 83
DTE ENERGY CO 1.050% 6/01/25380 372
DUKE ENERGY CORP 2.650% 9/01/2643 45
DUKE ENERGY CORP 3.400% 6/15/2986 91
DUKE ENERGY CORP 6.000% 12/01/2880 99
DUKE ENERGY FLORIDA 3.800% 7/15/28200 220
DUKE ENERGY OHIO INC 4.300% 2/01/4960 72
DUKE ENERGY PROGRESS 2.900% 8/15/51180 178
DUKE ENERGY PROGRESS 4.200% 8/15/45130 155
DUKE REALTY LP 2.875% 11/15/2990 94
DUKE REALTY LP 3.250% 6/30/2623 24
EATON CORP 4.000% 11/02/32170 195
ECOPETROL SA 5.875% 9/18/23128 136
EDISON INTERNATIONAL 3.550% 11/15/24100 105
EMERA US FINANCE LP 3.550% 6/15/2670 74
EMERA US FINANCE LP 4.750% 6/15/46150 177
ENABLE MIDSTREAM PAR 4.150% 9/15/29141 151
ENABLE MIDSTREAM PAR 4.950% 5/15/2855 61
ENERGY TRANSFER OPER 6.250% 4/15/49209 273
ENERGY TRANSFER PART 4.750% 1/15/26420 459
ENERGY TRANSFER PART 5.500% 6/01/2736 41
ENERGY TRANSFER PART 6.050% 6/01/41268 328
ENTERGY LOUISIANA LL 2.400% 10/01/2659 60
ENTERGY LOUISIANA LL 2.900% 3/15/51140 137
ENTERGY LOUISIANA LL 3.050% 6/01/3157 60
ENTERGY LOUISIANA LL 3.120% 9/01/2740 42
ENTERGY MISSISSIPPI 3.850% 6/01/49190 218


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
22

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
ENTERPRISE PRODUCTS 4.900% 5/15/46180 218
EQUINIX INC 2.000% 5/15/28529 519
EQUINIX INC 2.900% 11/18/26305 316
ESSEX PORTFOLIO LP 1.650% 1/15/31200 186
ESSEX PORTFOLIO LP 2.650% 3/15/32190 191
EVERGY INC 2.900% 9/15/29235 240
EVERSOURCE ENERGY 2.900% 10/01/24350 362
EXELON CORP 5.100% 6/15/45170 219
EXELON GENERATION CO 3.250% 6/01/25340 356
EXELON GENERATION CO 4.250% 6/15/2275 76
EXELON GENERATION CO 6.250% 10/01/39180 225
EXXON MOBIL CORPORAT 2.995% 8/16/39400 405
FISERV INC 4.400% 7/01/4990 107
FOMENTO ECONOMICO ME 3.500% 1/16/50260 272
FORD FOUNDATION/THE 2.815% 6/01/7090 93
FORTIS INC 3.055% 10/04/26155 161
GE CAPITAL INTL FUND 4.418% 11/15/35325 388
GENERAL DYNAMICS COR 4.250% 4/01/50170 217
GENERAL MOTORS CO 6.125% 10/01/25135 155
GENERAL MOTORS FINL 2.350% 1/08/31322 313
GENERAL MOTORS FINL 2.750% 6/20/25360 371
GENERAL MOTORS FINL 4.350% 1/17/27117 129
GILEAD SCIENCES INC 2.600% 10/01/40400 385
GLOBAL PAYMENTS INC 3.200% 8/15/29186 194
GLOBAL PAYMENTS INC 4.150% 8/15/49195 222
GOLDMAN SACHS GROUP 3.500% 11/16/26150 160
GOLDMAN SACHS GROUP 3.800% 3/15/30200 220
GOLDMAN SACHS GROUP 3.850% 1/26/27224 241
HACKENSACK MERIDIAN 2.675% 9/01/41445 434
HACKENSACK MERIDIAN 2.875% 9/01/50250 251
HALLIBURTON CO 3.800% 11/15/2510 11
HALLIBURTON CO 4.850% 11/15/3543 51
HALLIBURTON COMPANY 6.700% 9/15/3850 69
HANOVER INSURANCE GR 2.500% 9/01/30140 139
HARRIS CORPORATION 4.854% 4/27/3540 49
HARTFORD FINL SVCS 4.300% 4/15/4390 106
HASBRO INC 3.900% 11/19/29345 380
HCA INC 3.500% 7/15/51195 199
HCA INC 5.125% 6/15/39175 216


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
23

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
HCA INC 5.250% 6/15/26600 675
HCP INC 3.250% 7/15/26350 372
HCP INC 3.500% 7/15/29185 201
HEALTH CARE REIT INC 6.500% 3/15/41140 203
HEALTHPEAK PROPERTIE 2.125% 12/01/28271 271
HESS CORP 6.000% 1/15/4040 51
HOLLYFRONTIER CORP 2.625% 10/01/23275 280
HOLLYFRONTIER CORP 5.875% 4/01/26155 174
HOME DEPOT INC 3.300% 4/15/40210 228
HSBC HOLDINGS PLC 6.100% 1/14/42280 400
HSBC HOLDINGS PLC 7.350% 11/27/32224 299
IBM CORP 3.500% 5/15/291,350 1,465
ING GROEP NV 3.950% 3/29/27200 219
INTL FLAVOR & FRAGRA 5.000% 9/26/48274 352
INTL LEASE FINANCE 5.875% 8/15/22150 155
INTL LEASE FINANCE 8.625% 1/15/22100 100
INTL PAPER CO 8.700% 6/15/3840 65
JB HUNT TRANSPRT SVC 3.850% 3/15/24100 105
JERSEY CENTRAL PWR 6.150% 6/01/3730 40
KANSAS CITY POWER & 4.200% 3/15/4860 71
KANSAS CITY SOUTHERN 4.700% 5/01/48217 270
KINDER MORGAN INC/DE 5.050% 2/15/4640 48
KLA CORP 3.300% 3/01/50100 107
KOHL'S CORPORATION 3.375% 5/01/31443 451
KROGER CO 3.950% 1/15/50175 201
L3HARRIS TECH INC 1.800% 1/15/31230 220
LASMO USA INC DTD 7.300% 11/15/2770 89
LEAR CORP 2.600% 1/15/3285 84
LENNAR CORP 4.500% 4/30/24100 106
LIFE STORAGE LP 2.400% 10/15/31135 133
LIFE STORAGE LP 4.000% 6/15/29214 237
LLOYDS BANK PLC 4.500% 11/04/24235 253
LLOYDS BANKING GROUP 4.375% 3/22/28200 224
LOUISVILLE GAS & ELE 3.300% 10/01/2571 75
LOUISVILLE GAS & ELE 4.650% 11/15/43100 122
LOWE'S COS INC 2.625% 4/01/31230 235
LOWE'S COS INC 3.000% 10/15/50225 222
LYB INT FINANCE III 3.625% 4/01/51100 106
LYB INTL FINANCE BV 4.875% 3/15/44170 210


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
24

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
MARATHON PETROLEUM 4.700% 5/01/25138 151
MARSH & MCLENNAN COS 4.375% 3/15/29325 370
MARTIN MARIETTA MATE 3.500% 12/15/27220 237
MASCO CORP 2.000% 10/01/3090 86
MASCO CORP 6.500% 8/15/32110 145
MASTERCARD INC 3.850% 3/26/50125 150
MCDONALD'S CORP 3.500% 7/01/27200 217
MCDONALD'S CORP 4.200% 4/01/50125 151
MCDONALD'S CORP 4.700% 12/09/35101 123
MCDONALD'S CORP 6.300% 10/15/3738 53
MDC HOLDINGS INC 2.500% 1/15/31315 305
MEAD JOHNSON NUTRITI 4.125% 11/15/25120 131
MEAD JOHNSON NUTRITI 4.600% 6/01/4435 45
MEMORIAL HEALTH SERV 3.447% 11/01/49310 341
MICROSOFT CORP 3.041% 3/17/6246 49
MID-AMERICA APARTMEN 1.700% 2/15/31160 153
MIDMICHIGAN HEALTH 3.409% 6/01/5090 96
MITSUBISHI UFJ FIN 2.048% 7/17/30360 350
MITSUBISHI UFJ FIN 3.751% 7/18/39290 329
MOODY'S CORPORATION 3.250% 5/20/50210 219
*MORGAN STANLEY 3.125% 7/27/26500 530
*MORGAN STANLEY 3.625% 1/20/27755 818
MPLX LP 4.800% 2/15/29139 159
MYLAN INC 5.400% 11/29/4350 62
NATIONAL RETAIL PROP 3.600% 12/15/2662 66
NATIONAL RETAIL PROP 4.000% 11/15/25218 236
NISOURCE INC 1.700% 2/15/31200 187
NOMURA HOLDINGS INC 2.648% 1/16/25276 284
NOMURA HOLDINGS INC 2.679% 7/16/30200 199
NORDSTROM INC 4.000% 3/15/27295 296
NORDSTROM INC 4.250% 8/01/31331 325
NORFOLK SOUTHERN COR 3.942% 11/01/47351 406
NORFOLK SOUTHERN COR 4.837% 10/01/41235 296
NORTHEASTERN UNIVERS 2.894% 10/01/50400 398
NORTHERN STATE PWR- 6.200% 7/01/3750 72
NORTHROP GRUMMAN COR 5.250% 5/01/50335 469
NUCOR CORP 2.979% 12/15/5550 49
NUTRIEN LTD 4.125% 3/15/35100 114
NUTRIEN LTD 5.000% 4/01/4955 74


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
25

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
NVENT FINANCE SARL 4.550% 4/15/2898 109
OFFICE PPTY INCOME 2.400% 2/01/27280 271
OFFICE PPTY INCOME 2.650% 6/15/26350 347
OHIO POWER COMPANY 2.900% 10/01/51240 231
ONCOR ELECTRIC DELIV 3.100% 9/15/49215 224
ONEBEACON US HOLDING 4.600% 11/09/22150 154
ORACLE CORP 1.650% 3/25/26300 298
ORACLE CORP 2.300% 3/25/28400 399
ORACLE CORP 3.850% 7/15/36267 282
ORACLE CORP 3.900% 5/15/35233 250
ORACLE CORP 3.950% 3/25/51174 181
ORACLE CORP 4.000% 7/15/46120 125
OTIS WORLDWIDE CORP 2.565% 2/15/30200 203
PACIFIC GAS & 2.950% 3/01/26105 107
PACIFIC GAS & ELECTR 1.367% 3/10/23390 388
PACIFIC GAS & ELECTR 1.700% 11/15/23135 135
PACIFIC GAS & ELECTR 1.750% 6/16/22450 450
PACIFIC GAS & ELECTR 3.750% 8/15/4250 47
PACIFIC GAS & ELECTR 4.300% 3/15/4585 86
PACIFIC GAS & ELECTR 4.450% 4/15/42200 203
PACIFIC GAS AND ELEC 3.450% 7/01/25170 176
PECO ENERGY CO 2.800% 6/15/50100 98
PEPPERDINE UNIV 3.301% 12/01/59150 159
PETRO-CANADA 5.350% 7/15/33100 121
PETRO-CANADA 6.800% 5/15/3880 112
PHILLIPS 66 PARTNERS 3.150% 12/15/29105 109
PHILLIPS 66 PARTNERS 3.550% 10/01/2615 16
PHILLIPS 66 PARTNERS 3.605% 2/15/2560 63
PHYSICIANS REALTY LP 2.625% 11/01/31140 140
PIEDMONT HEALTHCARE 2.864% 1/01/52245 239
PIONEER NATURAL RESO 1.900% 8/15/30280 266
PLAINS ALL AMER PIPE 4.700% 6/15/44130 138
PLAINS ALL AMER PIPE 5.150% 6/01/42185 203
PRECISION CASTPARTS 3.900% 1/15/43250 288
PRECISION CASTPARTS 4.375% 6/15/4580 99
*PRINCIPAL FINANCIAL 3.700% 5/15/29105 116
PROGRESS ENERGY INC 7.000% 10/30/3150 68
PROV ST JOSEPH HLTH 2.746% 10/01/2628 29
PSI ENERGY INC 6.120% 10/15/3550 67


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
26

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
PUBLIC SERVICE COLOR 3.550% 6/15/4627 29
PUBLIC SERVICE ELECT 2.250% 9/15/2670 72
PUBLIC STORAGE 1.950% 11/09/28124 124
PUBLIC STORAGE 2.250% 11/09/31104 105
QUANTA SERVICES INC 2.350% 1/15/32295 286
QUEST DIAGNOSTICS IN 2.800% 6/30/31105 108
RAYTHEON TECH CORP 2.375% 3/15/32273 273
RAYTHEON TECH CORP 4.350% 4/15/4717 21
REALTY INCOME CORP 1.800% 3/15/33145 136
REGENCY CENTERS LP 2.950% 9/15/29180 187
REGENCY CENTERS LP 4.125% 3/15/28200 223
REGENERON PHARMACEUT 1.750% 9/15/30490 463
REPUBLIC SERVICES IN 1.450% 2/15/31150 139
REYNOLDS AMERICAN IN 5.700% 8/15/35100 118
ROPER TECHNOLOGIES 1.400% 9/15/27170 165
ROPER TECHNOLOGIES 2.000% 6/30/30130 125
ROYAL BK SCOTLND GRP 4.800% 4/05/26200 222
RYDER SYSTEM INC 1.750% 9/01/26375 372
SABINE PASS LIQUEFAC 4.500% 5/15/30220 248
SABRA HEALTH CARE LP 3.200% 12/01/31230 225
SAFEHOLD OPERATING 2.800% 6/15/31545 538
SAN DIEGO G & E 2.950% 8/15/51195 196
SAN DIEGO G & E 6.125% 9/15/3780 108
SANTANDER UK GROUP 3.571% 1/10/23200 200
SHELL INTERNATIONAL 5.500% 3/25/40165 224
SOUTHERN CAL EDISON 3.650% 3/01/28100 108
SOUTHERN CAL EDISON 4.050% 3/15/42150 162
SOUTHERN CAL EDISON 4.125% 3/01/48140 157
SOUTHERN CALIF EDISO 5.550% 1/15/36100 123
SOUTHERN CALIF GAS 3.200% 6/15/25150 157
SOUTHERN CO GAS CAPI 3.150% 9/30/51165 163
SOUTHERN CO GAS CAPI 3.950% 10/01/4626 29
SOUTHERN POWER CO 5.150% 9/15/4170 86
SOUTHWEST GAS CORP 3.800% 9/29/4649 54
SOUTHWESTERN PUBLIC 4.500% 8/15/4130 36
SPIRIT AIR 2017-1 PT 3.375% 2/15/3062 63
STEEL DYNAMICS INC 1.650% 10/15/27101 99
SUMITOMO MITSUI FINL 1.474% 7/08/25200 199
SUNOCO LOGISTICS PAR 3.900% 7/15/26350 376


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
27

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
TAKEDA PHARMACEUTICA 3.025% 7/09/40515 524
TAKEDA PHARMACEUTICA 3.175% 7/09/50200 202
TAMPA ELECTRIC CO 4.450% 6/15/49225 283
TECK RESOURCES LIMIT 3.900% 7/15/30100 107
TECK RESOURCES LIMIT 6.250% 7/15/41235 312
TELEFONICA EMISIONES 4.665% 3/06/38150 173
TEXAS HEALTH RESOURC 2.328% 11/15/50200 181
TEXTRON INC 3.000% 6/01/30350 361
THERMO FISHER SCIENT 2.000% 10/15/31170 167
TIME WARNER CABLE IN 5.500% 9/01/41200 242
TIME WARNER CABLE IN 5.875% 11/15/40250 312
T-MOBILE USA INC 2.050% 2/15/28300 298
T-MOBILE USA INC 3.000% 2/15/41420 410
T-MOBILE USA INC 3.500% 4/15/25350 371
T-MOBILE USA INC 3.750% 4/15/27200 217
TOLEDO EDISON COMPAN 6.150% 5/15/3750 68
TOTAL CAPITAL INTL 2.986% 6/29/41780 790
TOYOTA MOTOR CREDIT 3.375% 4/01/30275 301
TRANS-CANADA PIPELIN 6.200% 10/15/3760 82
TRI-STATE GENERATION 4.250% 6/01/4637 42
TUCSON ELECTRIC POWE 4.850% 12/01/48125 161
TYSON FOODS INC 5.150% 8/15/4480 104
UDR INC 1.900% 3/15/33175 161
UDR INC 2.100% 8/01/32250 238
UDR INC 2.950% 9/01/2632 33
UDR INC 3.000% 8/15/3130 31
UNION CARBIDE CORP 7.750% 10/01/96110 194
UNION ELECTRIC CO 2.950% 6/15/2750 53
UNITED AIR 2013-1 A 4.300% 2/15/27163 171
UNITED AIR 2016-1 AA 3.100% 7/07/28158 162
UNITED AIR 2016-1 B 3.650% 1/07/2657 57
UNITED AIR 2016-2 A 3.100% 10/07/28276 273
UNITED AIR 2018-1 A 3.700% 3/01/30382 386
UNITED AIR 2018-1 AA 3.500% 3/01/30164 171
UNITED AIR 2018-1 B 4.600% 3/01/2637 38
UNITED AIR 2019-1 A 4.550% 8/25/31246 265
UNITED AIR 2019-1 AA 4.150% 8/25/31229 251
UNITED TECHNOLOGIES 3.750% 11/01/46105 117
UNITEDHEALTH GROUP 3.250% 5/15/51200 216


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
28

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
UNITEDHEALTH GROUP 4.625% 7/15/35124 155
UNIV OF SOUTHERN CAL 3.226% 10/01/20200 203
VALE OVERSEAS LIMITE 3.750% 7/08/30300 311
VALERO ENERGY CORP 2.150% 9/15/27220 219
VALERO ENERGY CORP 7.500% 4/15/3221 29
VENTAS REALTY LP 3.250% 10/15/2625 26
VENTAS REALTY LP 3.850% 4/01/2731 34
VERISK ANALYTICS INC 3.625% 5/15/50200 217
VERIZON COMMUNICATIO 2.987% 10/30/56219 207
VERIZON COMMUNICATIO 3.550% 3/22/51200 215
VERIZON COMMUNICATIO 4.272% 1/15/3650 59
VERIZON COMMUNICATIO 4.400% 11/01/3470 82
VIACOM INC 5.850% 9/01/43105 141
VIATRIS INC 2.300% 6/22/27588 591
VIRGINIA ELEC & POWE 3.800% 9/15/4750 56
VMWARE INC 1.400% 8/15/26680 668
VMWARE INC 2.950% 8/21/22140 142
VMWARE INC 4.650% 5/15/27160 180
VODAFONE GROUP PLC 5.000% 5/30/38300 373
VORNADO REALTY LP 3.500% 1/15/2570 73
VR BANCO SANTANDER 1.722% 9/14/27200 196
VR BANK OF AMERICA 1.734% 7/22/27450 447
VR BANK OF AMERICA 1.898% 7/23/31160 153
VR BANK OF AMERICA 2.087% 6/14/29219 217
VR BANK OF AMERICA 2.496% 2/13/31750 752
VR BANK OF AMERICA 2.572% 10/20/32345 347
VR BANK OF AMERICA 2.676% 6/19/411,000 962
VR BANK OF AMERICA 2.687% 4/22/32335 340
VR BANK OF AMERICA 3.970% 3/05/2981 89
VR BANK OF AMERICA 3.974% 2/07/302,465 2,715
VR BANK OF AMERICA 4.330% 3/15/50180 223
VR BANK OF MONTREAL 3.803% 12/15/3267 72
VR BARCLAYS PLC 2.894% 11/24/32200 201
VR BARCLAYS PLC 4.338% 5/16/24200 208
VR BARCLAYS PLC 4.610% 2/15/23220 221
VR CITIGROUP INC 1.122% 1/28/27500 487
VR CITIGROUP INC 2.520% 11/03/32385 385
VR CITIGROUP INC 2.666% 1/29/31500 507
VR CITIGROUP INC 3.668% 7/24/28290 313


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
29

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
VR CITIGROUP INC 3.878% 1/24/3950 57
VR CITIGROUP INC 3.980% 3/20/30300 331
VR CITIGROUP INC 4.412% 3/31/312,605 2,975
VR DEUTSCHE BANK NY 2.129% 11/24/26220 220
VR DEUTSCHE BANK NY 2.222% 9/18/24390 395
VR GOLDMAN SACHS 4.223% 5/01/292,755 3,060
VR GOLDMAN SACHS GRO 1.992% 1/27/32400 384
VR GOLDMAN SACHS GRO 2.383% 7/21/32290 286
VR GOLDMAN SACHS GRO 3.272% 9/29/25500 525
VR GOLDMAN SACHS GRO 3.691% 6/05/28639 688
VR GOLDMAN SACHS GRO 4.411% 4/23/39210 251
VR HSBC HOLDINGS PLC 2.206% 8/17/29220 216
VR HSBC HOLDINGS PLC 2.357% 8/18/31320 313
VR JOHN DEERE CAPI 1.133% 6/07/231,116 1,123
*VR JPMORGAN CHASE & 4.005% 4/23/292,485 2,743
*VR JPMORGAN CHASE & 4.203% 7/23/29600 671
VR LLOYDS BANKING GR 2.438% 2/05/26300 306
VR MAGELLAN MIDSTREA 6.400% 5/01/3770 91
VR MANUF & TRADERS 1.098% 5/18/222,274 2,278
VR MIZUHO FINANCIAL 1.234% 5/22/27284 275
*VR MORGAN STANLEY 1.794% 2/13/32470 445
*VR MORGAN STANLEY 3.622% 4/01/31200 218
*VR MORGAN STANLEY 3.772% 1/24/291,355 1,474
*VR MORGAN STANLEY 4.431% 1/23/30137 156
*VR MORGAN STANLEY 4.457% 4/22/39135 162
VR NATWEST GROUP PLC 1.642% 6/14/27333 328
VR NORTHERN TRUST CO 3.375% 5/08/3238 40
VR PNC BANK NA 0.46345% 2/24/232,085 2,086
VR ROYAL BK SCOTLND 3.754% 11/01/29236 246
VR ROYAL BK SCOTLND 4.269% 3/22/25200 212
VR ROYAL BK SCOTLND 4.445% 5/08/30235 264
VR SANTANDER UK GROU 1.673% 6/14/27270 264
*VR WELLS FARGO & 4.478% 4/04/311,300 1,510
*VR WELLS FARGO & COM 3.196% 6/17/27535 564
VR WESTPAC BANKING 2.894% 2/04/30250 255
VR WESTPAC BANKING 4.322% 11/23/31120 130
WALT DISNEY COMPANY/ 4.700% 3/23/50170 224
WALT DISNEY COMPANY/ 7.625% 11/30/28100 136
*WELLS FARGO & COMPAN 4.100% 6/03/2636 39


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
30

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
*WELLS FARGO & COMPAN 4.300% 7/22/27148 165
*WELLS FARGO & COMPAN 4.900% 11/17/4567 84
WELLTOWER INC 2.700% 2/15/2718 19
WELLTOWER INC 3.100% 1/15/30115 120
WELLTOWER INC 4.250% 4/01/26100 110
WESTPAC BANKING CORP 3.133% 11/18/41175 173
WISCONSIN ENERGY COR 3.550% 6/15/2529 31
WP CAREY INC 2.450% 2/01/32180 176
WP CAREY INC 4.000% 2/01/25200 213
WP CAREY INC 4.250% 10/01/26300 328
WRKCO INC 3.900% 6/01/2890 99
WW GRAINGER INC 4.600% 6/15/4591 116
XCEL ENERGY INC 3.400% 6/01/30200 215
XILINX INC 2.375% 6/01/30584 591
YALE-NEW HAVEN HLTH 2.496% 7/01/50210 194
ZIMMER BIOMET HOLDIN 2.600% 11/24/31233 234
ZOETIS INC 2.000% 5/15/30190 187
Total Corporate Debt Instruments$131,852 
Common Stocks
10X GENOMICS INC34 5,094
1-800-FLOWERS.COM INC46 1,076
ABBVIE INC24 3,294
ACADEMY SPORTS & OUTDOORS INC25 1,109
ACCO BRANDS CORP196 1,617
ACI WORLDWIDE INC46 1,593
ADAPTIVE BIOTECHNOLOGIES CORP26 741
ADOBE INC18 10,053
ADTRAN INC85 1,932
ADVANCED MICRO DEVICES INC20 2,864
AERCAP HOLDINGS NV61 3,964
AFLAC INC69 4,041
AGILENT TECHNOLOGIES INC28 4,518
AIR LEASE CORP38 1,669
AIRBNB INC50 8,403
ALASKA AIR GROUP INC23 1,180
ALBANY INTL CORP NEW CL A34 2,965
ALCOA CORP86 5,099
ALEXANDER & BALDWIN INC162 4,059


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
31

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
ALIGN TECHNOLOGY INC32 21,080
ALLEGHANY CORP DEL NEW2,985
ALLEGRO MICROSYSTEMS INC30 1,071
ALLIANT ENERGY CORPORATION30 1,857
ALLSCRIPTS HEALTHCARE SOLUTIONS INC88 1,632
ALLSTATE CORP35 4,141
ALLY FINANCIAL INC85 4,033
ALPHABET INC CL C12,422
AMAZON COM INC COM11 38,291
AMERICAN ASSETS TRUST INC34 1,263
*AMERICAN EXPRESS CO4,605 753,455
AMERICAN FINL GROUP INC OHIO COM29 3,996
AMERICAN HOMES 4 RENT102 4,444
AMERICAN TOWER CORP24 7,119
AMERICAN WOODMARK CORP COM25 1,615
AMERICOLD REALTY TRUST73 2,405
*AMERIPRISE FINL INC19 5,762
AMERISOURCEBERGEN CORP29 3,867
AMGEN INC22 4,949
AMKOR TECHNOLOGIES INC COM53 1,321
APRIA INC37 1,209
APTARGROUP INC COM10 1,286
ARAMARK74 2,721
ARCUS BIOSCIENCES INC18 709
ARGENX SE-ADR1,401
ARGO GROUP INTL HLDGS LTD22 1,295
ASBURY AUTOMOTIVE GROUP INC1,261
ASCENDIS PHARMA A/S-ADR686
ASSURED GUARANTY LTD USD 1.029 1,447
ASTRAZENECA PLC ADR51 2,981
AT & T INC308 7,586
ATLANTIC UNION BANKSHARES CORP39 1,463
ATLASSIAN CORP PLC-CLASS A43 16,477
ATRICURE INC20 1,377
AUTODESK INC2,531
AVALARA INC1,085
AVEANNA HEALTHCARE HOLDINGS IN230 1,705
AXALTA COATING SYSTEMS LTD55 1,806
AXON ENTERPRISE INC1,334


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
32

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
AZEK CO INC/THE49 2,261
AZZ INC.23 1,247
BANC OF CALIFORNIA INC122 2,398
BANCO SANTANDER CEN-SPON - ADR1,093 3,596
BANDWIDTH INC10 696
BANK NEW YORK MELLON CORP COM101 5,843
BANK OF AMERICA CORP233 10,359
BAXTER INTL INC45 3,837
BECTON DICKINSON & CO16 3,923
BELDEN INC40 2,604
BENTLEY SYSTEMS INC41 1,977
*BERKSHIRE HATHAWAY INC.27 8,032
BEST BUY INC43 4,389
BIOGEN INC16 3,719
BJ'S WHOLESALE CLUB HOLDINGS23 1,540
BLOCK INC CL A148 23,955
BLOOMIN' BRANDS INC59 1,230
BLUEPRINT MEDICINES CORP14 1,500
BOK FINANCIAL CORPORATION29 3,061
BOOZ ALLEN HAMILTON HOLDING CO24 1,993
BOSTON SCIENTIFIC CORP COM65 2,753
BP PLC - ADR184 4,893
BRANDYWINE RLTY TR BD133 1,789
BRIGHTVIEW HOLDINGS INC91 1,284
BRISTOL MYERS SQUIBB CO154 9,621
BRUNSWICK CORP24 2,367
BUILDERS FIRSTSOURCE INC25 2,107
CACI INTL INC FORMERLY CACI INC TO1,199
CADENCE BANK58 1,719
CALLAWAY GOLF CO COM84 2,328
CANADIAN NAT RES LTD115 4,853
CAPITAL ONE FINANCIAL CORP23 3,337
CARVANA CO24 5,588
CATALENT INC16 1,997
CATERPILLAR INC19 4,011
CBIZ INC51 1,987
CDK GLOBAL INC60 2,510
CENTERSPACE14 1,569
CHAMPIONX CORP56 1,140


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
33

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
CHARLES RIVER LABORATORIES2,016
CHARTER COMMUNICATIONS INC-A18 11,992
CHEMED CORP NEW1,270
CHESAPEAKE ENERGY CORP20 1,261
CHEVRON CORP27 3,173
CIGNA CORP18 4,133
CITIGROUP INC.278 16,840
CLEAN HARBORS INC18 1,767
CLEARWATER ANALYTICS HLDGS INC30 689
CLOUDFLARE INC41 5,339
COGNEX CORP23 1,804
COLGATE PALMOLIVE CO51 4,386
CONAGRA BRANDS INC126 4,289
CONOCOPHILLIPS113 8,165
CONTINENTAL RESOURCES INC/OK81 3,626
COOPER COS INC COM NEW3,100
CORPORATE OFFICE PROPERTIES COM39 1,095
CORTEVA INC104 4,899
COSTAR GROUP, INC169 13,318
COSTCO WHOLESALE CORP19 10,990
CROWN CASTLE INTL CORP14 2,860
CROWN HLDGS INC30 3,355
CTS CORP52 1,911
CUMMINS INC.26 5,693
CVS HEALTH CORPORATION70 7,241
CYBER-ARK SOFTWARE LTD/ISRAE1,248
D R HORTON INC COM27 2,883
DANA INCORPORATED107 2,439
DEXCOM INC32 17,410
DIAMONDBACK ENERGY INC16 1,736
DISCOVERY COMMUNICATIONS-A102 2,389
DOORDASH INC66 9,814
DORIAN LPG LTD82 1,044
DRIVEN BRANDS HOLDINGS INC41 1,378
DUPONT DE NEMOURS INC122 9,870
EAGLE MATLS INC1,219
EASTERN BANKSHARES INC69 1,391
EASTMAN CHEM CO COM20 2,475
EBAY INC24 1,609


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
34

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
ECOVYST INC297 3,039
EDISON INTL COM80 5,426
EDWARDS LIFESCIENCES CORP82 10,685
ELASTIC NV1,009
ELEMENT SOLUTIONS INC133 3,230
ELI LILLY & CO COM15 4,254
EMCOR GROUP INC COM19 2,382
ENCOMPASS HEALTH CORP35 2,271
ENCORE WIRE CORP1,336
ENTEGRIS INC1,289
ENVESTNET INC14 1,135
ENVISTA HOLDINGS CORP67 3,010
EOG RESOURCES, INC41 3,624
EQUINIX INC3,179
ESSENT GROUP LTD57 2,604
ESTEE LAUDER COMPANIES INC2,851
EVERCORE INC1,060
EVEREST RE GROUP LTD1,823
EVO PAYMENTS INC37 947
EXLSERVICE HOLDINGS INC1,251
EXXON MOBIL CORPORATION70 4,277
FASTENAL CO92 5,881
FEDEX CORPORATION28 7,174
FIRST ADVANTAGE CORP88 1,685
FIRST CTZNS BANCSHARES INC CL A1,991
FIRST MIDWEST BANCORP INC DEL67 1,375
FIRST SOURCE CORP22 1,093
FIRSTENERGY CORP COM112 4,641
FIVERR INTERNATIONAL LTD33 3,710
FLOOR & DECOR HOLDINGS INC95 12,362
FMC CORP COM NEW12 1,374
FNF GROUP78 4,070
FOCUS FINANCIAL PARTNERS INC18 1,051
FOX CORP102 3,749
FULLER H B CO20 1,631
GATX CORP19 1,937
GENERAL MOTORS CO110 6,460
GENTHERM INC10 835
GFL ENVIRONMENTAL INC-SUB VT85 3,202


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
35

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
GLAXOSMITHKLINE PLC - ADR124 5,463
GLOBAL PMTS INC W/I27 3,707
GLOBAL-E ONLINE LTD18 1,160
GREAT WESTERN BANCORP INC47 1,610
GUARDANT HEALTH INC570
HAEMONETICS CORP MASS46 2,420
HAMILTON LANE INC12 1,254
HANCOCK WHITNEY CORP48 2,391
HCA HOLDINGS INC14 3,571
HENRY JACK & ASSOC INC COM1,319
HEXCEL CORP NEW COM59 3,065
HOLLEY INC121 1,570
HOME DEPOT INC12 5,128
HORMEL FOODS CORP COM81 3,934
HOSTESS BRANDS INC83 1,691
HP INC164 6,159
HUBBELL INCORPORATED1,750
HUNTINGTON BANCSHARES INC244 3,759
HUNTSMAN CORP143 4,978
HURON CONSULTING GROUP INC50 2,512
IAA INC23 1,172
ICF INTERNATIONAL INC20 2,043
ICU MED INC COM2,010
IDACORP INC25 2,793
IHS MARKIT LTD37 4,898
ILLUMINA INC1,257
INGREDION INC57 5,551
INSPIRE MEDICAL SYSTEMS INC1,081
INTEGRA LIFESCIENCES HOLDING25 1,673
INTEGRAL AD SCIENCE HOLDING CO29 646
INTEL CORP68 3,502
INTERNATIONAL BANCSHARES CRP46 1,936
INTERNATIONAL GENERAL INSURANC117 950
INTRA-CELLULAR THERAPIES INC80 4,176
INTUIT COM33 21,370
IQVIA HOLDINGS INC16 4,615
ITT INC16 1,655
J & J SNACK FOODS CORP16 2,564
JACK IN THE BOX, INC.24 2,136


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
36

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
JAZZ PHARMACEUTICALS PLC29 3,732
JFROG LTD16 475
JM SMUCKER CO29 3,912
JOHNSON & JOHNSON49 8,423
JOHNSON CONTROLS INTERNATION118 9,595
*JPMORGAN CHASE & CO60 9,481
JUNIPER NETWORKS INC206 7,369
KAR AUCTION SERVICES INC144 2,246
KEMPER CORP37 2,178
KEYCORP NEW164 3,798
KIMBERLY CLARK CORP COM28 4,002
KKR & CO INC -A51 3,785
KONTOOR BRANDS INC45 2,328
KROGER CO168 7,609
L3HARRIS TECHNOLOGIES INC22 4,755
LANTHEUS HOLDINGS INC49 1,424
LESLIE'S INC78 1,845
LHC GROUP INC15 2,004
LITTELFUSE INC COM692
LIVENT CORP43 1,046
LOCKHEED MARTIN CORP14 5,022
LUMEN TECHNOLOGIES INC277 3,480
LUXFER HOLDINGS PLC86 1,653
LXP INDUSTRIAL TRUST REIT98 1,534
LYONDELLBASELL INDU-CL A39 3,615
MACOM TECHNOLOGY SOLUTIONS H18 1,370
MADISON SQUARE GARDEN ENTERTAI30 2,135
MAGNA INTL INC CL A28 2,283
MAGNOLIA OIL GAS CORP CL A95 1,793
MARRIOTT VACATIONS WORLDWIDE C1,538
MASCO CORP56 3,897
MASONITE INTERNATIONAL CORP21 2,536
MASTERCARD INC14 4,922
MATCH GROUP INC NEW139 18,382
MCDONALDS CORP16 4,396
MCKESSON CORP21 5,170
MEDNAX INC70 1,910
MEDTRONIC PLC22 2,275
MERIT MEDICAL SYS INC27 1,678


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
37

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
META PLATFORMS INC108 35,960
*METLIFE INC80 5,024
METTLER-TOLEDO INTL INC2,800
MGIC INVT CORP WI167 2,414
MICRON TECHNOLOGY INC38 3,499
MIDDLEBY CORP1,337
MKS INSTRS INC14 2,525
MOMENTIVE GLOBAL INC48 1,026
MONOLITHIC PWR SYS INC814
MONRO INC31 1,826
MOOG INC CL A31 2,526
*MORGAN STANLEY32 3,113
MYT NETHERLANDS PARENT BV ADR35 744
NANOSTRING TECHNOLOGIES INC22 933
NATIONAL RETAIL PPTYS INC54 2,588
NATIONAL VISION HOLDINGS INC38 1,833
NEENAH, INC47 2,191
NETAPP INC53 4,912
NETFLIX INC62 37,638
NEW JERSEY RES CORP38 1,564
NEW RELIC INC12 1,342
NEW YORK CMNTY BANCORP INC368 4,489
NEWMONT CORP132 8,166
NICE LTD - SPON ADR1,943
NIKE INC CL B18 2,979
NISOURCE INC184 5,073
NMI HOLDINGS INC73 1,592
NOMAD FOODS LTD91 2,304
NORFOLK SOUTHERN CORP14 4,198
NORTHROP GRUMMAN CORP2,864
NORTHWEST BANCSHARES INC/MD92 1,299
NORTHWESTERN CORP20 1,140
NVIDIA CORP37 10,951
OLLIE'S BARGAIN OUTLET HOLDING17 870
OMNICOM GROUP58 4,269
ORACLE CORPORATION54 4,666
ORION ENGINEERED CARBONS SA101 1,853
ORTHO CLINICAL DIAGNOSTICS HOL92 1,965
OUTSET MEDICAL INC22 1,014


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
38

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
OWENS & MINOR INC COM59 2,551
OWENS CORNING INC42 3,774
PARAGON 28 INC40 711
PAYCHEX INC41 5,624
PAYLOCITY HOLDING CORP1,889
PAYPAL HOLDINGS INC32 6,055
PDC ENERGY INC47 2,305
PENTAIR PLC47 3,432
PERELLA WEINBERG PARTNERS155 1,988
PERFORMANCE FOOD GROUP CO48 2,203
PFIZER INC66 3,925
PHYSICIANS REALTY TRUST105 1,984
PIEDMONT OFFICE REALTY TRU-A106 1,941
PINNACLE FINL PARTNERS INC25 2,431
PINTEREST INC55 1,992
PJT PARTNERS INC29 2,149
PLANET FITNESS INC14 1,277
POPULAR INC55 4,490
PORTLAND GEN ELEC CO49 2,573
POST HOLDINGS INC16 1,811
POTLATCHDELTIC CORP24 1,453
POWERSCHOOL HOLDINGS INC45 744
PPL CORPORATION83 2,505
PRIMORIS SERVIES CORPORATION60 1,443
PROASSURANCE CORPORATION66 1,666
PROCTER & GAMBLE CO31 5,071
PROGRESS SOFTWARE CORP38 1,836
PRUDENTIAL FINL INC35 3,832
PTC THERAPEUTICS INC25 996
PULMONX CORP26 834
PULTE GRP INC186 10,609
Q2 HOLDINGS INC16 1,311
QUEST DIAGNOSTICS INC26 4,412
RADIUS GLOBAL INFRASTRUCTURE I149 2,402
RAMBUS INC DEL COM62 1,821
REALTY INCOME CORP COM59 4,202
REGAL REXNORD CORP12 2,042
REGIONS FINL CORP NEW217 4,724
REINSURANCE GROUP AMER CLASS A NEW14 1,515


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
39

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
RENAISSANCERE HOLDINGS COM12 1,981
ROBERT HALF INTL INC47 5,141
ROLLINS INC110 3,748
RPM INTERNATIONAL INC14 1,384
RPT REALTY175 2,338
RUSH STREET INTERACTIVE INC43 710
RYMAN HOSPITALITY PROPERTIES37 3,434
S&P GLOBAL INC2,920
SAILPOINT TECHNOLOGIES HOLDING38 1,847
SALESFORCE COM INC27 6,913
SAREPTA THERAPEUTICS INC108 9,682
*SCHWAB CHARLES CORP NEW98 8,260
SCIENCE APPLICATIONS INTERNATI49 4,079
SEA LTD-ADR146 32,618
SEALED AIR CORP COM50 3,351
SERVICENOW INC63 41,222
SHOPIFY INC - A W/I11 14,920
SIGNATURE BANK2,135
SILK ROAD MEDICAL INC18 780
SIMMONS 1ST NATL CORP101 2,976
SIRIUS XM HOLDINGS INC634 4,025
SIRIUSPOINT LTD166 1,348
SLM CORP156 3,070
SMARTSHEET INC24 1,820
SNOWFLAKE INC41 13,775
SONIC AUTOMOTIVE INC37 1,854
SPECTRUM BRANDS HLDGS INC NEW37 3,758
SPIRE INC22 1,444
SPROUT SOCIAL INC816
STAAR SURGICAL CO COM NEW PAR438
STAG INDUSTRIAL INC25 1,215
STEEL DYNAMICS INC COM58 3,606
SUN COUNTRY AIRLINES HOLDINGS36 970
SUNNOVA ENERGY INTERNATIONAL I25 701
SYNAPTICS INC1,737
SYNCHRONY FINANCIAL85 3,929
SYNEOS HEALTH INC14 1,397
SYNOVUS FINANCIAL CORP49 2,334
TANDEM DIABETES CARE INC1,204


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
40

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
TARGET CORP13 2,986
TELADOC HEALTH INC20 1,809
TERADYNE INC50 8,130
TETRA TECH INC NEW985
TEXAS INSTRUMENTS INC39 7,369
THERMO FISHER SCIENTIFIC INC3,670
THERMON GROUP HOLDINGS INC68 1,147
THOR INDS INC43 4,469
TIMKEN CO26 1,819
T-MOBILE US INC85 9,817
TRADE DESK INC/THE61 5,558
TRANSUNION38 4,448
TRAVELERS COMPANIES, INC25 3,911
TRI POINTE HOMES INC83 2,311
TRIMAS CORP97 3,599
TRIUMPH BANCORP INC10 1,192
TWILIO INC81 21,449
TWO HARBORS INVESTMENT CORP570 3,288
TYSON FOODS INC CL A DEL78 6,834
UBER TECHNOLOGIES INC428 17,946
UBIQUITI INC12 3,619
UGI CORP NEW COM124 5,723
ULTA BEAUTY, INC2,997
UNIFIRST CORP MASS1,632
URBAN EDGE PROPERTIES-W/I112 2,125
US BANCORP78 4,387
VERITEX HOLDINGS INC60 2,394
VERIZON COMMUNICATIONS92 4,786
VERTIV HOLDINGS LLC50 1,255
VIATRIS INC228 3,082
VIAVI SOLUTIONS INC118 2,074
VIMEO INC19 334
VISA INC-CLASS A SHRS171 37,059
VISTEON CORP/NEW18 2,008
VONTIER CORP165 5,078
VOYA FINANCIAL INC48 3,150
WALGREENS BOOTS ALLIANCE INC74 3,834
WARNER MUSIC GROUP CORP233 10,077
WATERS CORP22 8,048


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
41

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
WAYFAIR INC13 2,432
WEBSTER FINL CORP WATERBURY CONN31 1,751
*WELLS FARGO & CO240 11,516
WESTERN ALLIANCE BANCORPORATION11 1,206
WHIRLPOOL CORP14 3,191
WHITE MTNS INS GROUP2,634
WIDEOPENWEST INC91 1,957
WILLIAMS SONOMA INC23 3,890
*WILLIS TOWERS WATSON PUB LTDCO24 5,605
WINTRUST FINL CORP13 1,211
WNS HOLDINGS LTD ADR38 3,392
WORKIVA INC13 1,696
WYNDHAM HOTELS & RESORTS INC16 1,404
ZENDESK INC866
ZIMMER BIOMET HOLDINGS, INC34 4,341
ZOETIS INC80 19,607
ZURN WATER SOLUTIONS CORP38 1,383
ZYNGA INC282 1,805
Total Common Stocks$2,492,831 
U.S. Government and Agency Obligations
FHLMC PL #841090 V-M 1.890% 10/01/46357 369
FHLMC POOL #G60722 3.000% 10/01/46404 426
FHLMC POOL #J36413 3.000% 2/01/321,025 1,082
FHLMC POOL #Q42018 3.500% 7/01/46202 215
FHLMC POOL #QD0878 2.500% 11/01/511,427 1,464
FHLMC POOL #RB5039 3.500% 3/01/401,494 1,583
FHLMC POOL #SB0378 3.500% 4/01/34669 708
FHLMC POOL #SB8021 3.000% 12/01/341,606 1,681
FHLMC POOL #SD0397 2.500% 7/01/501,428 1,466
FHLMC POOL #SD8037 2.500% 1/01/501,373 1,402
FHLMC POOL #ZA5297 4.000% 3/01/48283 306
FHLMC POOL #ZM0724 4.000% 1/01/46949 1,026
FHLMC POOL #ZM6956 4.500% 6/01/48977 1,067
FHLMC POOL #ZS4735 3.500% 9/01/47424 450
FNMA #BM6347 V-M 2.028% 2/01/41323 340
FNMA POOL #AM7514 3.070% 2/01/252,900 3,039
FNMA POOL #AM7619 2.940% 1/01/231,770 1,794
FNMA POOL #AM7901 3.360% 2/01/3088 97


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
42

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA POOL #AM8141 2.780% 3/01/27867 914
FNMA POOL #AM8572 2.750% 4/01/253,470 3,609
FNMA POOL #AM8856 2.920% 6/01/304,509 4,831
FNMA POOL #AM9169 3.080% 6/01/271,938 2,073
FNMA POOL #AM9491 3.550% 8/01/30121 134
FNMA POOL #AM9567 2.970% 7/01/241,363 1,368
FNMA POOL #AM9615 2.680% 9/01/223,176 3,192
FNMA POOL #AN5935 3.130% 7/01/27928 996
FNMA POOL #AN6026 2.980% 6/01/27765 813
FNMA POOL #AN6850 3.220% 9/01/321,000 1,045
FNMA POOL #AN7596 3.160% 6/01/301,329 1,460
FNMA POOL #AS5469 4.000% 7/01/451,209 1,324
FNMA POOL #BK8753 4.500% 6/01/49474 513
FNMA POOL #BL0907 3.880% 12/01/281,350 1,529
FNMA POOL #BL3217 3.330% 7/01/342,237 2,501
FNMA POOL #BL4333 2.520% 11/01/291,472 1,548
FNMA POOL #BL4791 2.710% 11/01/291,000 1,065
FNMA POOL #BL5353 2.715% 6/01/281,987 2,098
FNMA POOL #BM3375 4.000% 1/01/48679 740
FNMA POOL #BM3499 4.000% 3/01/482,081 2,232
FNMA POOL #BU0992 3.000% 11/01/511,497 1,573
FNMA POOL #BU0993 3.000% 11/01/511,492 1,565
FNMA POOL #FM1000 3.000% 4/01/47109 113
FNMA POOL #FM1218 3.500% 7/01/34179 190
FNMA POOL #FM2096 3.500% 11/01/492,038 2,166
FNMA POOL #FM3340 3.500% 5/01/352,361 2,483
FNMA POOL #FM5819 4.000% 2/01/48476 512
FNMA POOL #FM8599 3.500% 1/01/35686 723
FNMA POOL #FM8968 3.000% 4/01/48320 336
FNMA POOL #FM9427 4.000% 7/01/49977 1,045
FNMA POOL #FM9461 3.500% 11/01/51504 537
FNMA POOL #FM9473 3.000% 8/01/412,114 2,204
FNMA POOL #FM9559 3.000% 1/01/402,191 2,282
FNMA POOL #FM9728 2.500% 11/01/51441 454
FNMA POOL #FM9995 4.000% 9/01/412,050 2,190
FNMA POOL #MA3340 3.500% 4/01/332,263 2,386
FNMA POOL #MA3361 4.000% 5/01/381,907 2,040
FNMA POOL #MA3683 3.500% 6/01/391,922 2,023
FNMA POOL #MA4208 2.000% 11/01/501,452 1,449


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
43

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
GNMA II #CA0265 V-M 3.004% 12/20/701,395 1,452
GNMA II POOL #MA7534 2.500% 8/20/514,277 4,385
GNMA II POOL #MA7649 2.500% 10/20/511,067 1,094
GNMA POOL #784044 4.990% 11/20/371,180 1,285
GNMA POOL #784045 4.500% 7/20/45503 540
GNMA POOL #784602 4.000% 5/20/381,019 1,082
GNMA POOL #BA7567 4.500% 5/20/48236 250
GNMA POOL #BI0416 4.500% 11/20/48294 315
GNMA POOL #BJ1318 5.000% 5/20/49737 805
GNMA POOL #BK7169 5.000% 12/20/48378 409
GNMA POOL #BL7729 5.000% 5/20/49423 465
GNMA POOL #BM9692 4.500% 7/20/49770 820
RFCSP STRIP PRINCIPAL 1/15/30500 436
TENN VAL AUTH CPN STRIP 3/15/32300 247
TENN VALLEY AUTH 4.250% 9/15/65124 181
TENN VALLEY AUTH 4.625% 9/15/6070 107
TVA PRIN STRIP 6/15/35500 376
U S TREASURY SEC STRIPPED 5/15/232,195 2,180
U S TREASURY SEC STRIPPED 8/15/23205 203
U S TREASURY SEC STRIPPED 11/15/22300 299
US TREAS SEC STRIPPED300 252
US TREAS SEC STRIPPED 5/15/33900 739
US TREAS SEC STRIPPED 11/15/321,000 830
US TREAS SEC STRIPPED 11/15/33900 730
US TREASURY BOND 1.125% 5/15/40200 175
US TREASURY BOND 1.250% 5/15/503,545 3,010
US TREASURY BOND 1.625% 11/15/50390 363
US TREASURY BOND 1.750% 8/15/414,418 4,283
US TREASURY BOND 1.875% 2/15/41285 282
US TREASURY BOND 1.875% 2/15/512,035 2,013
US TREASURY BOND 1.875% 11/15/51260 258
US TREASURY BOND 2.000% 8/15/512,394 2,440
US TREASURY BOND 2.250% 8/15/4610,649 11,260
US TREASURY BOND 2.250% 8/15/491,870 2,001
US TREASURY BOND 2.375% 11/15/49185 203
US TREASURY BOND 2.500% 5/15/464,815 5,322
US TREASURY BOND 2.750% 8/15/42910 1,037
US TREASURY BOND 2.750% 11/15/421,170 1,333
US TREASURY BOND 2.875% 8/15/45105 123


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
44

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
US TREASURY BOND 3.000% 2/15/4730 36
US TREASURY BOND 3.000% 2/15/4880 98
US TREASURY BOND 3.000% 5/15/421,665 1,972
US TREASURY BOND 3.000% 11/15/44119 142
US TREASURY BOND 3.125% 2/15/432,000 2,411
US TREASURY BOND 3.125% 11/15/411,500 1,803
US TREASURY BOND 3.375% 5/15/441,659 2,089
US TREASURY BOND 3.500% 2/15/392,190 2,747
US TREASURY BOND 3.625% 2/15/441,000 1,301
US TREASURY BOND 3.625% 8/15/432,700 3,502
US TREASURY BOND 3.750% 11/15/43470 622
US TREASURY BOND 4.375% 2/15/38445 613
US TREASURY BOND 4.375% 5/15/411,160 1,634
US TREASURY BOND 4.500% 2/15/36777 1,068
US TREASURY NOTE 0.125% 7/31/234,819 4,781
US TREASURY NOTE 0.500% 2/28/26365 355
US TREASURY NOTE 0.625% 7/31/263,592 3,493
US TREASURY NOTE 0.625% 8/15/30650 606
US TREASURY NOTE 0.750% 4/30/26590 578
US TREASURY NOTE 0.875% 6/30/26614 604
US TREASURY NOTE 0.875% 11/15/301,250 1,188
US TREASURY NOTE 1.250% 3/31/287,630 7,562
US TREASURY NOTE 1.250% 6/30/2870 69
US TREASURY NOTE 1.250% 8/15/313,959 3,871
US TREASURY NOTE 1.375% 1/31/223,750 3,754
US TREASURY NOTE 1.375% 8/31/2310,200 10,321
US TREASURY NOTE 1.500% 2/28/236,275 6,349
US TREASURY NOTE 1.625% 8/15/2930 30
US TREASURY NOTE 1.750% 2/28/227,560 7,580
US TREASURY NOTE 1.750% 5/31/223,750 3,775
US TREASURY NOTE 1.750% 12/31/249,403 9,618
US TREASURY NOTE 1.750% 12/31/26442 452
US TREASURY NOTE 2.000% 6/30/2481 83
US TREASURY NOTE 2.125% 2/29/241,080 1,111
US TREASURY NOTE 2.250% 2/15/274,582 4,800
US TREASURY NOTE 2.250% 11/15/2452 54
US TREASURY NOTE 2.250% 11/15/2546 48
US TREASURY NOTE 2.375% 3/15/225,890 5,917
US TREASURY NOTE 2.500% 2/15/225,000 5,014


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
45

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
US TREASURY NOTE 2.500% 2/28/2650 53
US TREASURY NOTE 2.500% 5/15/2474 77
US TREASURY NOTE 2.500% 8/15/231,600 1,648
US TREASURY NOTE 2.750% 5/31/23194 200
US TREASURY NOTE 2.875% 4/30/25115 122
US TREASURY NOTE 2.875% 5/31/25170 180
US TREASURY SEC STRIPPED1,775 1,464
VR FNMA POOL #AL7395 5.559% 9/01/551,495 1,708
Total U.S. Government and Agency Obligations$239,859 
Common/Collective Trusts
*AMEX R/VANGUARD FIDUCIARY EXT MKT3,691 572,227
*AMEX R/VANGUARD FIDUCIARY INTL STK951 124,205
*AMEX R/VANGUARD FIDUCIARY TOT BD867 100,720
*BLACKROCK INSTL/MSCI EAFE SMALL CAP3,179 101,729
*BLACKROCK INSTL/U S TREAS INFLATION3,624 45,899
*COLUMBIA TRUST GOV MONEY MKT FUND28,101 28,101
*FIAM GRP TR FOR/CORE PLUS COMMINGLE4,840 119,552
LOOMIS SAYLES CORE PLUS FULL DISC TR4,734 119,113
*MSIM/INTERNATIONAL EQUITY II TRUST8,522 360,133
NEUBERGER BERMAN/EMERGING MKTS EQUIT5,376 79,571
*VANGUARD EMPLOYEE BENEFIT INDEX #5282,418 1,427,249
*WF DISCOVERY CIT N6,598 112,310
Total Common/Collective Trusts$3,190,809 
Mutual Funds

AMER FNDS EUROPAC GROW-R6 #26166,159 398,675

DFA EMERGING MARKETS VALUE FD #50952,272 70,443
Total Mutual Funds$469,118 
Self-Directed Brokerage Accounts

CASH EQUIVALENTS19,927

COMMON STOCK8,732

MUTUAL FUNDS133,777
Total Self-Directed Brokerage Accounts
$162,436 
Other Investments
Asset-Backed Securities
20 TSQ GRO CMO V-M 3.0999% 5/15/351,400 1,348


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
46

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
ACC TRUST 0.740% 11/20/23343 343
AMERICAN CREDIT ACCE 2.690% 12/12/25292 293
AMERICAN CREDIT ACCE 2.760% 9/12/25383 385
AMERICAN HOMES 4 REN 3.467% 4/17/52351 367
AMERICAN HOMES 4 REN 3.678% 12/17/36653 683
AMERICAN HOMES 4 REN 3.786% 10/17/36437 454
AMERICAN HOMES 4 REN 4.407% 4/17/52720 748
AMERICAN HOMES 4 REN 5.639% 4/17/52150 161
AMERICAN HOMES 4 REN 6.070% 10/17/45142 155
AMERICREDIT AUTOMOBI 1.590% 10/20/251,100 1,107
AMERICREDIT AUTOMOBI 2.690% 6/19/2315 15
AMERICREDIT AUTOMOBI 3.080% 12/18/231,699 1,716
AMSR TRUST 1.527% 8/17/261,390 1,358
AMSR TRUST 1.806% 9/17/371,845 1,818
AMSR TRUST 1.953% 6/17/38395 389
BB-UBS TRUST 3.430% 11/05/361,350 1,398
BUSINESS JET SECURIT 2.162% 4/15/36531 521
BUSINESS JET SECURIT 2.981% 11/15/35535 534
BUSINESS JET SECURIT 4.212% 7/15/34312 314
CAMILLO 2016-SFR1 5.000% 12/05/23353 362
CAPITAL ONE MULTI-AS 1.040% 11/16/26372 370
CARMAX AUTO OWNER TR 2.340% 11/17/252,070 2,112
CARMAX AUTO OWNER TR 3.370% 7/15/24298 300
CARVANA AUTO RECEIVA 2.010% 3/17/251,131 1,136
CARVANA AUTO RECEIVA 3.000% 6/17/241,300 1,309
CASCADE MH ASSET TRU 1.753% 2/25/461,107 1,088
CF HIPPOLYTA ISSUER 1.530% 3/15/611,025 1,006
CF HIPPOLYTA ISSUER 1.690% 7/15/60444 440
CITIGROUP COMMERCIAL 3.762% 6/10/48700 747
CITIGROUP COMMERCIAL 4.371% 9/10/46929 972
COLONY AMERICAN FINA 1.358% 8/15/53223 217
COMM MORTGAGE TRUS 0.21167% 12/10/45743 747
COMM MORTGAGE TRUST 3.759% 8/10/48313 334
COMM MORTGAGE TRUST 3.902% 7/10/50700 746
COMMERCIAL MORTGAGE 2.853% 10/15/45795 804
CPS AUTO TRUST 1.590% 12/15/27947 941
CPS AUTO TRUST 2.540% 12/15/25535 539
CPS AUTO TRUST 3.790% 6/15/238
CPS AUTO TRUST 4.400% 6/17/2489 90


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
47

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
CREDIT ACCEPTANCE AU 0.960% 2/15/301,225 1,218
CREDIT ACCEPTANCE AU 1.260% 4/15/301,405 1,387
CREDIT ACCEPTANCE AU 1.640% 6/17/30760 750
CREDIT ACCEPTANCE AU 1.770% 12/17/291,675 1,679
CREDIT ACCEPTANCE AU 2.390% 4/16/29670 679
CREDIT ACCEPTANCE AU 3.060% 3/15/291,600 1,634
CREDIT SUISSE MORT 1.66773% 9/27/601,484 1,472
DB MASTER FINANCE LL 2.045% 11/20/51226 221
DB MASTER FINANCE LL 2.493% 11/20/51523 521
DBWF 2015-LCM M/MTG 1.000% 6/10/34182 183
DIAMOND RESORTS OWNE 1.510% 11/21/33259 257
DRIVE AUTO RECEIVABL 2.360% 3/16/26774 780
DRIVE AUTO RECEIVABL 3.690% 8/17/26185 189
DRIVE AUTO RECEIVABL 4.140% 8/15/24397 402
DRIVE AUTO RECEIVABL 4.300% 9/16/24189 191
DT AUTO OWNER TRUST 0.870% 5/17/27755 743
EXETER AUTOMOBILE RE 3.110% 8/15/25765 782
EXETER AUTOMOBILE RE 3.300% 3/15/24631 634
EXETER AUTOMOBILE RE 3.530% 11/15/23158 160
EXETER AUTOMOBILE RE 3.680% 7/17/23181 183
FANNIEMAE-ACES 0.670% 5/25/27186 181
FANNIEMAE-ACES 1.200% 8/25/2880 78
FANNIEMAE-ACES 2.980% 9/25/24733 794
FED HOME LN MTG CORP 2.770% 5/25/251,500 1,570
FED HOME LN MTG CORP 3.350% 9/25/28917 977
FED HOME LN MTG CORP 3.500% 3/15/351,517 1,665
FED HOME LN MTG CORP 3.500% 6/15/26281 292
FED HOME LN MTG CORP 4.500% 4/15/3927 28
FED HOME LN MTG CORP 6.000% 11/15/239
FED HOME LN MTG CORP 6.250% 10/15/2335 36
FED HOME LN MTG CORP 7.000% 5/15/37732 902
FED HOME LN MTG CORP 7.000% 12/15/3677 91
FED NATL MTG ASSN 2.500% 8/25/42177 182
FED NATL MTG ASSN 3.000% 1/25/46306 323
FED NATL MTG ASSN 3.500% 5/25/491,376 1,439
FED NATL MTG ASSN 3.500% 11/25/571,153 1,208
FED NATL MTG ASSN 4.500% 12/25/40829 936
FED NATL MTG ASSN 5.500% 6/25/35169 191
FED NATL MTG ASSN 6.000% 3/25/3651 58


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
48

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FHF TRUST 2021-1 1.270% 3/15/27492 489
FHLMC MULTIFAMILY ST 2.811% 9/25/24591 611
FHLMC MULTIFAMILY ST 2.982% 11/25/25542 566
FHLMC-GNMA 8.000% 12/25/221
FIRST INVESTORS AUTO 1.170% 3/15/27700 692
FIRST INVESTORS AUTO 3.000% 1/16/2447 47
FIRST INVESTORS AUTO 3.440% 3/15/24439 443
FIRSTKEY HOMES 2020- 1.339% 9/17/25599 588
FIRSTKEY HOMES 2020- 1.538% 8/17/381,619 1,579
FIRSTKEY HOMES 2020- 1.567% 10/19/371,185 1,156
FIRSTKEY HOMES 2020- 1.607% 9/17/261,370 1,324
FIRSTKEY HOMES 2020- 1.941% 9/17/25231 228
FLAGSHIP CREDIT AUTO 2.480% 8/15/24445 449
FLAGSHIP CREDIT AUTO 2.740% 10/15/251,100 1,120
FLAGSHIP CREDIT AUTO 2.770% 12/15/25620 633
FLAGSHIP CREDIT AUTO 2.920% 11/15/2317 17
FLAGSHIP CREDIT AUTO 3.390% 1/16/24193 194
FLAGSHIP CREDIT AUTO 3.580% 1/15/24130 132
FNMA M17 CMO V-M 1.033% 11/25/2286 86
FORD CREDIT AUTO OWN 1.530% 5/15/34750 745
FREDDIE MAC - SCRT 3.000% 3/25/59451 466
FREDDIE MAC - SCRT 3.000% 5/25/601,386 1,447
FREDDIE MAC - SCRT 3.500% 5/25/571,401 1,471
FREDDIE MAC - SCRT 3.500% 7/25/58841 883
FREDDIE MAC - SCRT 3.500% 11/25/571,355 1,405
FREDDIE MAC - SCRT 4.000% 3/25/591,230 1,309
FREDDIE MAC - SCRT 4.000% 11/25/571,870 1,990
FRTKL 2.172% 9/17/381,005 980
GLS AUTO RECEIVABLES 1.110% 9/15/261,274 1,257
GM FINANCIAL SECURIT 1.230% 5/17/27520 513
GNMA SER H13 CMO 0.68125% 5/20/66177 178
GNMA SER H29 CMO 0.70125% 11/20/651,148 1,156
GOODGREEN TRUST 3.260% 10/15/53372 378
GOODGREEN TRUST 3.740% 10/15/52114 118
GOVT NATL MTG ASSN 3.500% 3/20/49184 190
GOVT NATL MTG ASSN 3.500% 8/20/47549 590
GOVT NATL MTG ASSN 4.500% 10/16/391,375 1,488
GOVT NATL MTG ASSN 5.000% 8/20/39176 194
GOVT NATL MTG ASSN 5.000% 10/20/39489 541


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
49

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
HERO FUNDING TRUST 3.080% 9/20/42267 274
HERO FUNDING TRUST 3.950% 9/20/48353 362
HERO FUNDING TRUST 4.460% 9/20/47320 335
HERO FUNDING TRUST 4.670% 9/20/48587 616
HERO FUNDING TRUST 104.070% 9/20/4864 67
HILTON GRAND VACATIO 2.660% 12/27/2874 75
HYUNDAI AUTO LEASE 0.610% 10/15/25620 617
HYUNDAI AUTO RECEIVA 1.030% 12/15/27525 521
INDEPENDENCE PLAZA 3.763% 7/10/351,200 1,241
JPMBB COMMERCIAL MO 3.7748% 8/15/47823 866
JPMBB COMMERCIAL MO 4.1327% 8/15/46754 776
MARINER FINANCE ISSU 1.860% 3/20/361,005 988
MARINER FINANCE ISSU 3.510% 7/20/32965 980
MERCURY FINANCIAL CR 1.540% 3/20/26976 975
*MORGAN STANLEY BAML 3.531% 11/15/48413 439
MRCD MORTGAGE TRUS 2.71752% 12/15/361,846 1,812
NRZ EXCESS SPREAD CO 3.844% 12/25/25780 783
OAK STREET INVESTMEN 1.850% 10/20/50446 442
OPORTUN FUNDING LLC 1.210% 3/08/281,172 1,169
PAGAYA AI DEBT SELEC 1.180% 11/15/27838 836
PROGRESS RESIDENTIAL 1.294% 10/17/27564 553
PROGRESS RESIDENTIAL 1.495% 10/17/27415 405
PROGRESS RESIDENTIAL 1.524% 7/17/381,835 1,797
PROGRESS RESIDENTIAL 2.082% 9/17/38640 626
PROGRESS RESIDENTIAL 2.197% 4/19/38775 758
RENEW 2017-1 1.67064% 9/28/52143 148
RENEW FINANCIAL 3.220% 9/22/53133 137
SABEY DATA CENTER IS 1.881% 6/20/46453 447
SANTANDER CONSUMER 1.030% 11/16/26760 745
SANTANDER DRIVE AUTO 1.280% 2/17/26810 809
SANTANDER DRIVE AUTO 3.320% 3/15/24240 241
SIERRA RECEIVABLES 1.340% 11/20/37293 289
SIERRA RECEIVABLES 2.320% 7/20/37568 569
SMALL BUSINESS ADMIN 1.750% 11/01/46753 753
SMALL BUSINESS ADMIN 1.850% 12/01/46372 373
SOCIAL PROFESSIONAL 2.540% 5/15/46396 403
TIDEWATER AUTO RECEI 4.300% 11/15/24155 155
TRICON AMERICAN HOME 1.499% 7/17/38240 235
TRICON RESIDENTIAL 1.943% 7/17/38374 372


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
50

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
UBS-BARCLAYS COMMER 3.244% 4/10/46445 453
UPSTART SECURITIZATI 0.840% 9/20/311,189 1,177
USASF RECEIVABLES LL 1.490% 3/17/25820 813
VANTAGE DATA CENTERS 1.992% 9/15/45454 445
VENDEE MORTGAGE TRUS 5.000% 5/15/33300 331
VR AMSR TRUST 2.31862% 6/17/38545 535
VR FANNIEMAE-ACES 1.904% 10/25/301,352 143
VR FANNIEMAE-ACES 1.974% 11/25/3310,799 1,386
VR FANNIEMAE-ACES 2.466% 12/25/26160 167
VR FANNIEMAE-ACES 3.070% 6/25/27691 741
VR FANNIEMAE-ACES 3.552% 9/25/28690 769
VR FED HOME LN MTG 0.456% 2/15/43160 160
VR FED HOME LN MTG 0.526% 9/15/3631 31
VR FED NATL MTG AS 0.737% 9/25/4137 38
VR FED NATL MTG AS 2.80368% 4/25/4456 60
VR FHLMC MULTIFAMI 3.284% 6/25/251,000 1,062
VR FHLMC MULTIFAMI 3.364% 12/25/27680 745
VR FREMF MORTGAGE 4.2521% 4/25/51800 865
VR FREMF MORTGAGE 3.55513% 6/25/45800 822
VR FREMF MORTGAGE 3.57709% 11/25/49180 189
VR FREMF MORTGAGE 3.66941% 1/25/481,200 1,261
VR FREMF MORTGAGE 3.87146% 7/25/49220 227
VR FREMF MORTGAGE 4.07281% 11/25/47191 200
VR FREMF MORTGAGE 4.46275% 12/25/501,000 1,084
VR GOODGREEN TRUS 22.97129% 10/15/53369 383
VR GOVT NATL MTG 0.541% 6/20/65654 655
VR GOVT NATL MTG 0.541% 7/20/65650 651
VR GOVT NATL MTG 0.661% 3/20/67457 459
VR GOVT NATL MTG 4.763% 10/20/43517 582
VR GOVT NATL MTG 5.253% 5/20/40549 621
VR GOVT NATL MTG 5.530% 10/20/40666 755
VR GOVT NATL MTG 5.548% 1/20/38412 474
VR GOVT NATL MTG AS 0.541% 6/20/65653 654
VR GOVT NATL MTG AS 0.551% 2/20/61656 657
VR GOVT NATL MTG AS 0.601% 6/20/67445 446
VR GOVT NATL MTG AS 0.621% 9/20/65890 894
VR GOVT NATL MTG AS 0.621% 10/20/65632 635
VR GOVT NATL MTG AS 0.761% 12/20/65371 374
VR GOVT NATL MTG AS 0.931% 8/20/66360 365


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
51

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
VR GOVT NATL MTG AS 1.101% 12/20/66162 165
VR KKR INDUSTRIAL 0.9362% 12/15/37375 372
VR LAKEVIEW 2021-C 1.84115% 11/10/3240 40
VR VCAT ASSET SECURI 2.115% 3/27/51635 634
VR VERICREST OPPORT 1.8925% 2/27/51630 625
VR VERICREST OPPORT 1.8925% 3/27/511,477 1,466
VR VERICREST OPPORT 1.9918% 5/25/512,417 2,406
VR VERICREST OPPORT 2.1157% 3/27/51884 879
VR VERICREST OPPORT 2.2395% 4/25/51959 953
VR VERICREST OPPORT 2.2396% 3/27/51726 721
WESTGATE RESORTS 3.580% 12/20/31135 135
Total Asset-Backed Securities$135,748 
Foreign Sovereign Debt
REPUBLIC OF CHILE 2.550% 1/27/32200 200
REPUBLIC OF COLOMBIA 4.500% 1/28/26200 209
REPUBLIC OF PANAMA 3.870% 7/23/60270 270
UNITED MEXICAN STATE 2.659% 5/24/31301 294
UNITED MEXICAN STATE 3.750% 1/11/28392 421
UNITED MEXICAN STATE 3.771% 5/24/61222 204
UNITED MEXICAN STATE 4.125% 1/21/26270 296
UNITED MEXICAN STATE 4.350% 1/15/4735 36
UNITED MEXICAN STATE 4.500% 1/31/50350 371

Total Foreign Sovereign Debt$2,301 


Municipal Bonds

OHIO ST UNIV 4.048% 12/01/5681 106

OHIO UNIV GEN RECPTS 5.590% 12/01/14195 303

Total Municipal Bonds $409 


Private Placement Bonds
CREDIT SUIS V-D CONV 3.091% 5/14/32370 377
P/P 7-ELEVEN INC 2.500% 2/10/41156 144
P/P AIA GROUP LTD 3.200% 3/11/25360 376
P/P AIA GROUP LTD 3.200% 9/16/40200 205
P/P AIR CANADA 2013- 4.125% 11/15/26600 614
P/P AIR CANADA 2015- 3.600% 3/15/27711 716
P/P AIR CANADA 2017- 3.300% 1/15/3063 64
P/P AIR CANADA 2017- 3.550% 1/15/30217 211


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
52

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
P/P AMERICAN TOWER 3.652% 3/23/28230 241
P/P ATHENE GLOBAL FU 1.450% 1/08/26260 255
P/P ATHENE GLOBAL FU 2.500% 1/14/2572 74
P/P ATHENE GLOBAL FU 2.750% 6/25/24140 144
P/P ATHENE GLOBAL FU 2.950% 11/12/26595 622
P/P AUSGRID FINANCE 3.850% 5/01/23200 205
P/P AUST & NZ BANKIN 2.570% 11/25/35210 201
P/P AVIATION CAPITAL 1.950% 1/30/26230 224
P/P AVOLON HOLDINGS 2.528% 11/18/271,242 1,207
P/P AVOLON HOLDINGS 2.875% 2/15/25367 375
P/P AVOLON HOLDINGS 3.625% 5/01/22800 805
P/P AVOLON HOLDINGS 5.500% 1/15/26430 475
P/P BAE SYSTEMS PLC 1.900% 2/15/31292 277
P/P BAE SYSTEMS PLC 3.400% 4/15/30350 374
P/P BANCO NACIONAL 2.500% 8/11/30300 281
P/P BLACKSTONE HOLDI 3.500% 9/10/49200 216
P/P BOC AVIATION LTD 2.750% 9/18/22200 202
P/P BPCE SA 4.625% 7/11/24200 214
P/P BRITISH AIR 18-1 3.800% 9/20/3195 98
P/P BRITISH AIR 18-1 4.125% 9/20/31247 250
P/P BROADCOM INC 3.137% 11/15/35300 302
P/P BROADCOM INC 3.187% 11/15/36700 699
P/P BROOKLYN UNION 4.273% 3/15/48100 114
P/P CGI INC 2.300% 9/14/31409 394
P/P CLEVELAND ELECTR 3.500% 4/01/2895 101
P/P COMCAST CORP 2.887% 11/01/51244 236
P/P COMCAST CORP 2.987% 11/01/63200 190
P/P COTERRA ENERGY 3.900% 5/15/27250 269
P/P COX COMMUNICATIO 3.350% 9/15/26415 441
P/P CREDIT AGRICOLE 2.811% 1/11/41250 239
P/P CREDIT SUISSE GR 3.574% 1/09/23598 598
P/P CVS PASS-THROUGH 4.163% 8/10/36229 250
P/P CVS PASS-THROUGH 4.704% 1/10/36285 321
P/P CVS PASS-THROUGH 5.773% 1/10/33193 223
P/P CVS PASS-THROUGH 5.926% 1/10/34421 499
P/P DUQUESNE LIGHT 3.616% 8/01/27230 243
P/P EASTERN GAS TRAN 3.900% 11/15/49206 228
P/P ENI SPA 4.000% 9/12/23200 209
P/P FERGUSON FINANCE 3.250% 6/02/30350 368


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
53

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
P/P FLEX INTERMEDIAT 3.363% 6/30/31405 407
P/P GAIF BOND ISSUER 3.400% 9/30/2695 101
P/P GALAXY PIPELINE 2.940% 9/30/40300 299
P/P GLENCORE FUNDING 2.625% 9/23/31113 110
P/P GOODMAN US FIN 3.700% 3/15/2886 93
P/P GRAY OAK PIPELIN 3.450% 10/15/27415 433
P/P GREAT-WEST LIFEC 4.581% 5/17/48130 168
P/P GTP ACQUISITION 3.482% 6/16/25190 198
P/P HYUNDAI CAPITAL 1.150% 11/10/22421 422
P/P INTL FLAVOR & FR 3.268% 11/15/40150 152
P/P JERSEY CENTRAL 4.300% 1/15/2650 54
P/P KEYSPAN GAS EAST 2.742% 8/15/26200 204
P/P KKR GROUP FINAN 3.500% 8/25/50200 209
P/P LUNDIN ENERGY FI 3.100% 7/15/31200 202
P/P MASS MUTUAL LIFE 3.375% 4/15/50210 221
*P/P MET LIFE GLOB FU 3.000% 9/19/27180 191
P/P MEXICO CITY ARPT 5.500% 7/31/47207 207
P/P MICROCHIP TECHNO 0.983% 9/01/24445 437
P/P MID-ATLANTIC INT 4.100% 5/15/2850 55
P/P MITSUBISHI UFJ 2.652% 9/19/22200 202
P/P MITSUI FUDOSAN 2.950% 1/23/23450 459
P/P NATIONAL AUSTRAL 2.332% 8/21/30250 240
P/P NBN CO LTD 2.625% 5/05/31400 402
P/P NEW ENGLAND POWE 3.800% 12/05/4750 55
P/P NEW YORK LIFE GL 3.000% 1/10/2881 86
P/P NEW YORK LIFE IN 4.450% 5/15/6990 114
P/P NGPL PIPECO LLC 3.250% 7/15/31240 244
P/P NISSAN MOTOR CO 4.345% 9/17/27500 540
P/P NRG ENERGY INC 2.450% 12/02/27225 223
P/P NRG ENERGY INC 4.450% 6/15/29155 169
P/P NXP BV/NXP FDG/N 2.500% 5/11/31300 301
P/P NXP BV/NXP FDG/N 3.150% 5/01/27350 368
P/P NXP BV/NXP FDG/N 3.250% 5/11/41425 439
P/P PARK AEROSPACE 5.500% 2/15/2489 95
P/P PARKER-HANNIFIN 4.100% 3/01/4742 49
P/P PENNSYLVANIA ELE 3.250% 3/15/2826 27
P/P PENSKE TRUCK LEA 3.900% 2/01/24425 447
P/P PRUDENTIAL INSUR 8.300% 7/01/25300 363
P/P SAUDI INTERNATIO 2.250% 2/02/33200 195


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
54

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
P/P SCENTRE GROUP TR 3.500% 2/12/25200 211
P/P SCHLUMBERGER HLD 3.900% 5/17/28416 449
P/P SES SA 3.600% 4/04/2350 51
P/P SMITHFIELD FOODS 3.000% 10/15/30400 398
P/P SOCIETE GENERALE 4.750% 11/24/25670 728
P/P STANDARD CHARTER 4.300% 2/19/27200 214
P/P STELLANTIS FIN 2.691% 9/15/31209 206
P/P TEACHERS INSUR 4.270% 5/15/4770 85
P/P TEACHERS INSUR 4.900% 9/15/4440 51
P/P TEXAS EASTERN TR 3.500% 1/15/2833 35
P/P TRITON CONTAINER 1.150% 6/07/24200 197
P/P UBS GROUP FUNDIN 3.491% 5/23/23200 202
P/P UBS GROUP FUNDIN 4.125% 4/15/26400 437
P/P UNICREDIT SPA 2.569% 9/22/26350 349
P/P UNIVERSAL HEALTH 2.650% 10/15/30180 179
P/P VOLKSWAGEN GROUP 4.625% 11/13/25265 292
VR P/P ABN AMRO BANK 2.470% 12/13/29300 300
VR P/P AIB GROUP PLC 4.263% 4/10/25250 263
VR P/P BANK OF IRELA 2.029% 9/30/27227 223
VR P/P BNP PARIBAS 2.588% 8/12/35590 565
VR P/P BPCE SA 1.652% 10/06/26250 247
VR P/P BPCE SA 2.277% 1/20/32275 265
VR P/P CREDIT AGRICO 1.247% 1/26/27450 438
VR P/P CREDIT SUISSE 1.305% 2/02/27290 280
VR P/P MACQUARIE BAN 3.052% 3/03/36200 197
VR P/P MACQUARIE GRO 1.340% 1/12/27380 370
VR P/P MACQUARIE GRO 2.871% 1/14/33200 199
VR P/P NATIONAL AUST 3.933% 8/02/34250 265
VR P/P SCENTRE GROUP 4.750% 9/24/80220 230
VR P/P SOCIETE GENER 2.889% 6/09/32440 439
VR P/P SWISS RE FINA 5.000% 4/02/49200 224
VR P/P UBS GROUP AG 2.095% 2/11/32200 194
VR P/P UNICREDIT SPA 5.861% 6/19/32200 219
Total Private Placement Bonds$33,554 

Total Other Investments$172,012 


Total Investments, at Fair Value$6,909,783 



*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
55

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)

Fully Benefit Responsive Investment Contracts

U.S. Government and Agency Obligations
FEDERAL HOME LOAN BANKS 0.5% 4/14/202510,000 9,819
FEDERAL HOME LOAN MORTGAG 0.375% 7/21/202518,850 18,362
FEDERAL NATIONAL MORTGAGE 1.75% 7/02/20241,951 1,993
FFCB 0.185% 6/17/20226,700 6,701
FGOLD 15YR 3.5% 10/01/202510
FGOLD 15YR 3.5% 9/01/202538 40
FGOLD 15YR 4% 2/01/202547 49
FGOLD 15YR 4% 7/01/2025220 232
FGOLD 15YR 4% 8/01/202582 87
FGOLD 15YR 3% 1/01/2027811 851
FGOLD 15YR 3% 1/01/2032444 468
FGOLD 15YR 3% 1/01/2033296 311
FGOLD 15YR 3% 11/01/2025154 162
FGOLD 15YR 3% 11/01/2026136 142
FGOLD 15YR 3% 3/01/2027699 733
FGOLD 15YR 3% 3/01/2033528 555
FGOLD 15YR 3.5% 1/01/2034425 449
FGOLD 15YR 3.5% 10/01/2025445 469
FGOLD 15YR 3.5% 11/01/202521 22
FGOLD 15YR 3.5% 12/01/2025331 349
FGOLD 15YR 3.5% 2/01/202622 23
FGOLD 15YR 3.5% 3/01/202627 29
FGOLD 15YR 3.5% 5/01/202616 16
FGOLD 15YR 3.5% 5/01/2032865 915
FGOLD 15YR 3.5% 6/01/2026291 307
FGOLD 15YR 3.5% 7/01/2026328 346
FGOLD 15YR 3.5% 8/01/2026269 284
FGOLD 15YR 3.5% 9/01/202630 32
FGOLD 15YR 4% 10/01/20256
FGOLD 15YR 4% 3/01/202625 26
FGOLD 15YR 4% 5/01/2026181 191
FGOLD 15YR 4% 6/01/202433 34
FGOLD 15YR 4% 6/01/202512 13
FGOLD 15YR 4% 6/01/2026609 641
FGOLD 15YR GIANT 3% 1/01/2027201 211
FGOLD 15YR GIANT 3% 3/01/2031568 598
FGOLD 15YR GIANT 3% 3/01/2032834 877


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
56

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FGOLD 15YR GIANT 3% 6/01/2027227 238
FGOLD 15YR GIANT 3% 9/01/2030341 359
FGOLD 15YR GIANT 3% 9/01/2031319 336
FGOLD 15YR GIANT 3.5% 1/01/2027284 299
FGOLD 15YR GIANT 3.5% 1/01/2030184 195
FGOLD 15YR GIANT 3.5% 10/01/202918 19
FGOLD 15YR GIANT 3.5% 11/01/202563 66
FGOLD 15YR GIANT 3.5% 11/01/2029246 259
FGOLD 15YR GIANT 3.5% 11/01/2033197 208
FGOLD 15YR GIANT 3.5% 12/01/2033216 228
FGOLD 15YR GIANT 3.5% 3/01/2030135 143
FGOLD 15YR GIANT 3.5% 4/01/202664 68
FGOLD 15YR GIANT 3.5% 4/01/202992 97
FGOLD 15YR GIANT 3.5% 4/01/2030287 304
FGOLD 15YR GIANT 3.5% 5/01/20331,001 1,058
FGOLD 15YR GIANT 3.5% 6/01/2029177 187
FGOLD 15YR GIANT 3.5% 7/01/202616 17
FGOLD 15YR GIANT 3.5% 7/01/2029438 464
FGOLD 15YR GIANT 3.5% 8/01/202658 61
FGOLD 15YR GIANT 3.5% 8/01/2029581 615
FGOLD 15YR GIANT 3.5% 8/01/20321,182 1,251
FGOLD 15YR GIANT 3.5% 9/01/202568 72
FGOLD 15YR GIANT 4% 10/01/202518 19
FGOLD 15YR GIANT 4% 12/01/20256
FGOLD 15YR GIANT 4% 5/01/202692 97
FGOLD 15YR GIANT 4% 6/01/2026165 173
FHLB 2.125% 12/11/20263,975 4,120
FHLB 2.375% 3/14/202530,275 31,545
FHLB 2.75% 12/13/20241,600 1,680
FHLB 5.375% 8/15/20249,150 10,187
FHLMC 0.375% 4/20/202323,300 23,254
FHLMC 0.375% 9/23/20258,550 8,316
FHLMC 15YR UMBS 2% 8/01/20359,814 10,061
FHLMC 15YR UMBS 3% 12/01/20341,162 1,223
FHLMC 15YR UMBS MIRROR 2.5% 11/01/20321,221 1,268
FHLMC 15YR UMBS MIRROR 2.5% 5/01/20331,273 1,319
FHLMC 15YR UMBS MIRROR 2.5% 7/01/2032592 614
FHLMC 15YR UMBS MIRROR 3% 4/01/2034498 523
FHLMC 15YR UMBS SUPER 2% 10/01/20358,849 9,072


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
57

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FHLMC 15YR UMBS SUPER 2% 5/01/20352,413 2,474
FHLMC 15YR UMBS SUPER 2% 6/01/20351,934 1,988
FHLMC 15YR UMBS SUPER 2% 9/01/20358,313 8,522
FHLMC 15YR UMBS SUPER 2.5% 2/01/20354,724 4,886
FHLMC 15YR UMBS SUPER 2.5% 8/01/20341,434 1,485
FHLMC 15YR UMBS SUPER 3% 1/01/2034291 305
FHLMC 5/1 HYBRID ARM 1.89% 12/01/2036104 109
FHLMC REFERENCE NOTE 0.25% 8/24/202315,275 15,175
FHLMC REFERENCE NOTE 1.5% 2/12/202511,425 11,597
FHLMC_K018 2.789% 1/25/2022198 198
FHLMC_K019 2.272% 3/25/20222,081 2,082
FHLMC_K024 2.573% 9/25/2022895 904
FHLMC_K025 2.682% 10/25/20222,011 2,038
FHLMC_K026 2.51% 11/25/2022863 875
FHLMC_K027 2.637% 1/25/2023475 483
FHLMC_K030 3.25% 4/25/20232,989 3,066
FHLMC_K031 3.3% 4/25/20237,400 7,609
FHLMC_K032 3.31% 5/25/20239,925 10,240
FHLMC_K039 2.683% 12/25/20231,722 1,750
FHLMC_K040 2.768% 4/25/20241,589 1,629
FHLMC_K043 2.532% 10/25/2023545 554
FHLMC_K050 2.802% 1/25/20253,781 3,877
FHLMC_K066 2.797% 12/25/20262,513 2,623
FHLMC_K720 2.716% 6/25/20221,124 1,127
FHLMC_K727 2.632% 10/25/2023352 355
FHLMC_K736 1.895% 6/25/20257,728 7,828
FHLMC_T-13 6.085% 9/25/2029— 0
FNMA 15YR 3.5% 1/01/2026203 214
FNMA 15YR 3.5% 10/01/2025112 119
FNMA 15YR 3.5% 11/01/2025630 663
FNMA 15YR 3.5% 12/01/2025108 113
FNMA 15YR 3.5% 12/01/20265
FNMA 15YR 3.5% 2/01/2026219 230
FNMA 15YR 3.5% 3/01/202661 65
FNMA 15YR 3.5% 8/01/202679 83
FNMA 15YR 3.5% 9/01/202513 14
FNMA 15YR 3.5% 9/01/20263
FNMA 15YR 4% 1/01/20259
FNMA 15YR 4% 2/01/2025— 1


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
58

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 15YR 4% 4/01/2025137 143
FNMA 15YR 4% 5/01/202587 92
FNMA 15YR 4% 6/01/202516 17
FNMA 15YR 4% 9/01/202474 78
FNMA 15YR 4% 9/01/20255
FNMA 15YR 4.5% 3/01/20234
FNMA 15YR 4.5% 7/01/20233
FNMA 15YR 5% 10/01/202418 18
FNMA 15YR 5% 2/01/20239
FNMA 15YR 5% 3/01/20234
FNMA 15YR 5% 8/01/2023— 0
FNMA 15YR 5.5% 8/01/20233
FNMA 15YR 6% 4/01/202324 25
FNMA 0.625% 4/22/202511,850 11,685
FNMA 10/1 HYBRID ARM 1.71% 10/01/20346
FNMA 10/1 HYBRID ARM 2.09% 12/01/20334
FNMA 15YR 2.5% 2/01/20331,581 1,642
FNMA 15YR 3% 1/01/2032581 611
FNMA 15YR 3% 1/01/20331,852 1,948
FNMA 15YR 3% 1/01/20341,329 1,395
FNMA 15YR 3% 10/01/20302,744 2,884
FNMA 15YR 3% 10/01/20331,249 1,312
FNMA 15YR 3% 11/01/2030595 624
FNMA 15YR 3% 11/01/2031849 893
FNMA 15YR 3% 11/01/2033843 885
FNMA 15YR 3% 2/01/2030455 477
FNMA 15YR 3% 2/01/20312,405 2,528
FNMA 15YR 3% 2/01/2032590 620
FNMA 15YR 3% 2/01/2034834 877
FNMA 15YR 3% 3/01/2031342 359
FNMA 15YR 3% 3/01/2032297 313
FNMA 15YR 3% 3/01/2033430 453
FNMA 15YR 3% 4/01/2031357 376
FNMA 15YR 3% 4/01/20322,812 2,945
FNMA 15YR 3% 5/01/20311,176 1,237
FNMA 15YR 3% 6/01/2034326 342
FNMA 15YR 3% 7/01/2027106 111
FNMA 15YR 3% 7/01/2030151 159
FNMA 15YR 3% 7/01/2032990 1,042


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
59

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 15YR 3% 8/01/2031447 470
FNMA 15YR 3% 9/01/2029635 674
FNMA 15YR 3% 9/01/2031718 755
FNMA 15YR 3% 9/01/2032938 988
FNMA 15YR 3% 9/01/2033598 627
FNMA 15YR 3.5% 1/01/2026130 137
FNMA 15YR 3.5% 1/01/2027494 519
FNMA 15YR 3.5% 1/01/202918 19
FNMA 15YR 3.5% 1/01/2030698 737
FNMA 15YR 3.5% 1/01/2034350 369
FNMA 15YR 3.5% 10/01/2026475 500
FNMA 15YR 3.5% 10/01/2028215 228
FNMA 15YR 3.5% 10/01/202937 39
FNMA 15YR 3.5% 11/01/20262
FNMA 15YR 3.5% 11/01/202712 12
FNMA 15YR 3.5% 11/01/2028200 211
FNMA 15YR 3.5% 11/01/2029156 164
FNMA 15YR 3.5% 11/01/20331,496 1,581
FNMA 15YR 3.5% 12/01/2025189 199
FNMA 15YR 3.5% 12/01/2026144 151
FNMA 15YR 3.5% 12/01/2028132 139
FNMA 15YR 3.5% 12/01/2029881 930
FNMA 15YR 3.5% 12/01/2032791 839
FNMA 15YR 3.5% 2/01/2026155 164
FNMA 15YR 3.5% 2/01/202727 29
FNMA 15YR 3.5% 2/01/20283
FNMA 15YR 3.5% 2/01/2029557 590
FNMA 15YR 3.5% 2/01/2031545 575
FNMA 15YR 3.5% 2/01/20321,463 1,547
FNMA 15YR 3.5% 2/01/2033294 311
FNMA 15YR 3.5% 2/01/2034493 521
FNMA 15YR 3.5% 3/01/20321,065 1,121
FNMA 15YR 3.5% 3/01/2033744 787
FNMA 15YR 3.5% 4/01/2026218 229
FNMA 15YR 3.5% 4/01/202757 61
FNMA 15YR 3.5% 4/01/2030293 311
FNMA 15YR 3.5% 4/01/2033234 248
FNMA 15YR 3.5% 4/01/20341,254 1,325
FNMA 15YR 3.5% 5/01/202793 99


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
60

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 15YR 3.5% 5/01/2029131 139
FNMA 15YR 3.5% 5/01/203344 46
FNMA 15YR 3.5% 6/01/2027480 505
FNMA 15YR 3.5% 6/01/2029244 258
FNMA 15YR 3.5% 6/01/2030347 368
FNMA 15YR 3.5% 6/01/2032546 578
FNMA 15YR 3.5% 6/01/20332,247 2,376
FNMA 15YR 3.5% 7/01/2029910 961
FNMA 15YR 3.5% 7/01/2032421 446
FNMA 15YR 3.5% 8/01/202671 75
FNMA 15YR 3.5% 8/01/2027123 129
FNMA 15YR 3.5% 8/01/2029608 640
FNMA 15YR 3.5% 8/01/20321,159 1,227
FNMA 15YR 3.5% 8/01/2033434 458
FNMA 15YR 3.5% 9/01/2026689 726
FNMA 15YR 3.5% 9/01/2028404 425
FNMA 15YR 3.5% 9/01/2029982 1,039
FNMA 15YR 3.5% 9/01/2033506 533
FNMA 15YR 4% 1/01/2029348 368
FNMA 15YR 4% 11/01/202693 98
FNMA 15YR 4% 5/01/20274
FNMA 15YR 4% 7/01/202519 20
FNMA 15YR 4% 8/01/202621 22
FNMA 15YR 4% 9/01/20256
FNMA 15YR 4.5% 5/01/202432 33
FNMA 15YR 4.5% 6/01/202638 39
FNMA 15YR 5% 2/01/20239
FNMA 15YR 5% 3/01/2023— 
FNMA 15YR 5% 4/01/20247
FNMA 15YR UMBS 2% 7/01/20356,341 6,500
FNMA 15YR UMBS 2.5% 10/01/20342,408 2,489
FNMA 15YR UMBS 2.5% 12/01/20342,515 2,606
FNMA 15YR UMBS 2.5% 2/01/20355,002 5,182
FNMA 15YR UMBS 2.5% 5/01/20351,420 1,468
FNMA 15YR UMBS 2.5% 8/01/20345,067 5,240
FNMA 15YR UMBS 3% 7/01/20341,302 1,361
FNMA 15YR UMBS SUPER 2% 7/01/20352,670 2,737
FNMA 15YR UMBS SUPER 2% 8/01/20353,978 4,078
FNMA 15YR UMBS SUPER 2% 9/01/20358,438 8,650


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
61

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
FNMA 2.625% 9/06/202422,050 23,053
FNMA 2.875% 9/12/202319,575 20,298
FNMA 6M LIBOR ARM 1.54% 11/01/203226 26
FNMA 6M LIBOR ARM 1.578% 3/01/203477 79
FNMA 6M LIBOR ARM 1.643% 4/01/203574 75
FNMA 6M LIBOR ARM 1.665% 12/01/203273 74
FNMA 6M LIBOR ARM 1.917% 9/01/2035126 130
FNMA 7/1 HYBRID ARM 1.918% 1/01/203434 34
FNMA 7/1 HYBRID ARM 2.044% 1/01/20363
FNMA 7/1 HYBRID ARM 2.245% 3/01/203616 17
FNMA BENCHMARK NOTE 0.375% 8/25/202512,500 12,155
FNMA BENCHMARK NOTE 0.5% 11/07/2025400 390
FNMA_03-W11 2.993% 6/25/20331
TREASURY NOTE 0.25% 6/15/202445,450 44,782
TREASURY NOTE 0.75% 5/31/202684,775 83,066
UMBS 15YR TBA(REG B) 2% 1/18/203734,200 35,034
UMBS 15YR TBA(REG B) 2.5% 1/18/203751,925 53,688
Total U.S. Government and Agency Obligations$630,763 
Common/Collective Trusts
*COLUMBIA TRUST GOV MONEY 0% 1/00/190096,331 96,331
Total Common/Collective Trusts$96,331 
Pooled Separate Accounts
*MET LIFE SEPARATE ACCOUNT CONTRACT292 33,076
Total Pooled Separate Accounts $33,076 
Wrapper Contracts
AMERICAN UNITED LIFE - S00016, 2.440%4
*JP MORGAN CHASE I - #AISP01, MATURES 12/31/50, 4.24%19
LINCOLN NATIONAL LIFE
MONUMENT LIFE V - #MDS00375TR, MATURES 12/31/50, 4.08%23
PACIFIC LIFE - # 26755, MATURES 12/31/50, 4.00%
PRUDENTIAL GA6369018
RBC I - #10903, MATURES 12/31/50, 4.02%
Total Wrapper Contracts$64 
Total Fully Benefit Responsive Investment Contracts, at Fair Value $760,234 


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
62

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
as of December 31, 2021
(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount (in thousands)(e) Current Value (in thousands)
Adjustment from Fair Value to Contract Value
AMERICAN UNITED LIFE - S00016, 2.440%468 
*JP MORGAN CHASE I - #AISP01, MATURES 12/31/50, 4.24%(473)
LINCOLN NATIONAL LIFE159 
*MET LIFE - #28972, MATURES 12/31/50, 3.98%(212)
*Met LIFE (SA)- #32745(565)
MONUMENT LIFE II - #MDA00633TR, MATURES 12/31/50, 4.11%— 
MONUMENT LIFE V - #MDS00375TR, MATURES 12/31/50, 4.08%(614)
PACIFIC LIFE - # 26755, MATURES 12/31/50, 4.00%21 
PRUDENTIAL GA63690574 
RBC I - #10903, MATURES 12/31/50, 4.02%(820)
Total Adjustments $(1,462)
Total Fully Benefit Responsive Investment Contracts, at Contract Value$758,772 
TOTAL INVESTMENTS$7,668,555 
Loan to Participants
*Various Loans - 3.25% through 9.50% due through July 20, 2051 (cost $0)62,048
Loans to Participants Total$62,048 


*    Indicates party-in-interest
Column (d) cost, has been omitted, as all investments are participant directed, except where indicated
63

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
For the Year Ended December 31, 2021
(a) & (b)
 Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount(d) Proceeds of dispositions
(in thousands)(in thousands)
CORPORATE DEBT INSTRUMENTS
ALEXANDRIA REAL ESTA 2.000%270 266 
BOEING CO 1.167% 2/04/23220 220 
BRISTOL-MYERS SQUIBB 1.450% 11/13/30 140 135 
CANADIAN NATL RAILWA 2.450% 5/01/50200 191 
CAPITAL ONE FINANCIA 3.950% 9/01/69285 295 
CARNOW AUTO RECEIVAB 0.970% 10/15/24920 920 
CHARTER COMM OPT LLC 2.250% 1/15/29643 633 
CHENIERE CORPUS CHRI 5.125% 6/30/27185 212 
CHEVRON USA INC 5.050% 11/15/4460 81 
CHEVRON USA INC 6.000% 3/01/41100 147 
CHEVRON USA INC 3.250% 10/15/29140 156 
CITRIX SYSTEMS INC 1.25% 3/1/26105 102 
DISCOVER BANK 3.450% 7/27/26250 273 
EBAY INC 2.600% 5/10/31950 966 
ENABLE MIDSTREAM PAR 5.000% 5/15/44180 196 
FREEDOM FINANCIAL 1.030% 6/19/282,000 1,996 
FREEDOM FINANCIAL 0.660% 3/20/28587 587 
GENERAL MOTORS FINL 2.400% 4/10/28300 306 
GENERAL MOTORS FINL 1.200% 10/15/24175 175 
GENERAL MOTORS FINL 1.250% 1/08/26599 589 
GENERAL MOTORS FINL 2.700% 6/10/31215 212 
GOLDMAN SACHS GROUP 0.481% 1/27/23360 360 
IHS MARKIT LTD 4.250% 5/01/29372 429 
KOHL'S CORPORATION 9.500% 5/15/25135 175 
LOWE'S COS INC 1.700% 10/15/30275 261 
MICROSOFT CORP 2.921% 3/17/52163 169 
MID-AMERICA APARTMEN 3.950% 3/15/29250 286 
MPLX LP 5.200% 12/01/47125 151 
OGE ENERGY CORP 0.703% 5/26/23195 195 
OKLAHOMA G&E CO 0.553% 5/26/23195 195 
PPG INDUSTRIES INC 1.200% 3/15/26155 155 
PROLOGIS LP 2.250% 4/15/3025 26 
ROYAL BK SCOTLND GRP 3.875% 9/12/23215 227 
T-MOBILE USA INC 1.500% 2/15/26370 373 
VERIZON COMMUNICATIO 2.100% 3/22/2845 45 
*VR CHARLES SCHWAB 4.000% 6/01/70375 395 
VR CITIGROUP INC 4.075% 4/23/29502 567 
VR CITIGROUP INC 1.122% 1/28/27397 393 
VR CITIGROUP INC 3.875% 5/18/69145 149 


*    Indicates party-in-interest
64

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
For the Year Ended December 31, 2021
(a) & (b)
 Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount(d) Proceeds of dispositions
(in thousands)(in thousands)
VR GOLDMAN SACHS 1.43895% 3/09/27585 576 
VR GOLDMAN SACHS 4.09556% 11/10/69220 225 
VR LLOYDS BANKING GR 1.627% 5/11/27270 267 
*VR MORGAN STANLEY 3.217% 4/22/42295 306 
*VR MORGAN STANLEY 0.529% 1/25/24385 384 
VR SVB FINANCIAL 4.000% 8/15/69520 541 
VR VERICREST OPPORT 2.2395% 2/27/512,320 2,323 
*VR WELLS FARGO 3.900% 3/15/69270 280 
WILLIAMS COMPANIES 2.600% 3/15/31185 184 
PRIVATE PLACEMENT BONDS
P/P ALIMENTATION COU 3.439% 5/13/41215 221 
P/P ALIMENTATION COU 3.625% 5/13/51240 250 
P/P ATHENE GLOBAL FU 0.950% 1/08/24345 345 
P/P AVOLON HOLDINGS 2.125% 2/21/26105 104 
P/P BNP PARIBAS 2.824% 1/26/41590 556 
P/P BPCE SA 1.000% 1/20/26375 366 
P/P CONOCOPHILLIPS 2.400% 2/15/31135 136 
P/P F&G GLOBAL FUNDI 1.750% 6/30/26220 220 
P/P FLEX INTERMEDIAT 4.317% 12/30/39160 167 
P/P GENERAL MILLS IN 3.000% 2/01/51110 110 
P/P HYUNDAI CAPITAL 1.300% 1/08/26115 112 
P/P HYUNDAI CAPITAL 1.800% 1/08/28225 218 
P/P HYUNDAI CAPITAL 1.500% 6/15/26 185 181 
P/P HYUNDAI CAPITAL 1.250% 2/08/26200 196 
P/P HYUNDAI CAPITAL 3.000% 2/10/27200 208 
P/P INTL FLAVOR & FR 3.468% 12/01/50115 120 
P/P KIA CORP 1.750% 10/16/26205 204 
P/P LSEGA FINANCING 2.000% 4/06/28525 523 
P/P LUNDIN ENERGY FI 2.000% 7/15/26200 199 
P/P NATWEST MARKETS 0.800% 8/12/24275 274 
P/P NISSAN MOTOR ACC 2.000% 3/09/26155 155 
P/P NORDEA BANK ABP 1.500% 9/30/26200 197 
P/P NORTHWESTERN MUT 1.700% 6/01/28235 233 
P/P NUTRITION & BIOS 1.832% 10/15/27130 130 
P/P 7-ELEVEN INC 1.300% 2/10/28153 146 
P/P 7-ELEVEN INC 0.950% 2/10/26190 185 
VR P/P ABN AMRO BANK 1.542% 6/16/27300 296 
VR P/P BNP PARIBAS 2.871% 4/19/32305 308 
VR P/P BNP PARIBAS 1.323% 1/13/27241 236 


*    Indicates party-in-interest
65

EIN 13-4922250
Plan #: 002
AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
For the Year Ended December 31, 2021
(a) & (b)
 Identity of Issue, Borrower, Lessor, or Similar Party involved;
Description of transaction including rate of interest and maturity date
Number of Shares/ Units or Face Amount(d) Proceeds of dispositions
(in thousands)(in thousands)
VR P/P BNP PARIBAS 2.159% 9/15/29385 378 
VR P/P DNB BANK ASA 1.605% 3/30/28355 349 
VR P/P MACQUARIE GRO 1.340% 1/12/27130 128 
VR P/P SOCIETE GENER 1.792% 6/09/27200 197 
VR P/P STANDARD CHAR 1.456% 1/14/27200 195 
VR P/P UBS GROUP AG 1.494% 8/10/27200 196 
VR P/P UNICREDIT SPA 1.982% 6/03/27200 196 



*    Indicates party-in-interest
66

SIGNATURE

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


AMERICAN EXPRESS RETIREMENT
SAVINGS PLAN






Date: June 16, 2022

By/s/ Rita Pang



Rita Pang



Employee Benefits Administration Committee
67

EXHIBIT INDEX
Exhibit
Number

Description

How Filed
23Electronically filed herewith

E-1
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