MICROSOFT CORP - Annual Report 2025

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

☒ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31 , 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From to

Commission File Number 001-37845

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

MICROSOFT CORPORATION SAVINGS PLUS 401(k) PLAN

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Microsoft Corporation

One Microsoft Way

Redmond, Washington 98052-6399

REQUIRED INFORMATION

The Microsoft Corporation Savings Plus 401(k) Plan (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Therefore, in lieu of the required information outlined as Items 1-3 of the Form 11-K, the statements of net assets available for benefits as of December 31, 2025 and 2024 and the related statement of changes in net assets available for benefits for the year ended December 31, 2025, which have been prepared in accordance with the financial reporting requirements of ERISA, are attached hereto as Appendix 1 and incorporated herein by this reference.

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

	Microsoft Corporation Savings Plus 401(k) Plan
Date: June 25, 2026	/s/ J AYNA B UNDY
	Jayna Bundy
	Member of 401(k) Administrative Committee
Date: June 25, 2026	/s/ D ANIEL G OFF
	Daniel Goff
	Member of 401(k) Administrative Committee
Date: June 25, 2026	/s/ F RED T HIELE
	Fred Thiele
	Member of 401(k) Administrative Committee

APPENDIX 1

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM;

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 AND 2024 AND FOR THE YEAR ENDED

DECEMBER 31, 2025;

NOTES TO FINANCIAL STATEMENTS; AND

SUPPLEMENTAL SCHEDULES AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2025

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

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Report of Independent Registered Public Accounting Firm	1
Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 2025 and 2024	2
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2025	3
Notes to Financial Statements	4
Supplemental Schedules:
Supplemental Schedule of Assets (Held at End of Year) as of December 31, 2025	12
Supplemental Schedule of Delinquent Participant Contributions for the Year Ended December 31, 2025	105
Exhibit:
Consent of Independent Registered Public Accounting Firm

NOTE: All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Plan Participants and Plan Administrator of the Microsoft Corporation Savings Plus 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the Microsoft Corporation Savings Plus 401(k) Plan (the “Plan”) as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (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, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Report on Supplemental Schedules

The supplemental schedule of assets (held at end of year) as of December 31, 2025 and supplemental schedule of delinquent participant contributions for the year ended December 31, 2025 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 compliance 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, such schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Deloitte & Touche LLP

Seattle, Washington

June 25, 2026

We have served as the auditor of the Plan since 1987.

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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

December 31,	2025	2024
ASSETS
Cash	$ 5,101,743	$ 3,095,475
Investments:
Investments, at fair value	75,633,265,423	65,357,821,177
Investments, at contract value	1,898,512,942	0
Total investments	77,531,778,365	65,357,821,177
Receivables:
Participant loans	260,395,359	255,780,390
Other receivables	53,076,017	29,314,596
Total receivables	313,471,376	285,094,986
Total assets	77,850,351,484	65,646,011,638
LIABILITIES
Operating payables	10,086,734	7,424,002
Other payables	19,780,966	11,250,512
Total liabilities	29,867,700	18,674,514
NET ASSETS AVAILABLE FOR BENEFITS	$ 77,820,483,784	$ 65,627,337,124

Refer to accompanying notes.

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STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

Year Ended December 31,	2025
ADDITIONS
Net investment income:
Interest and dividends	$ 466,429,842
Net increase in fair value of investments	11,892,078,906
Net investment income	12,358,508,748
Contributions:
Participant contributions	3,071,800,398
Rollover contributions	436,246,841
Employer contributions	1,179,291,008
Total contributions	4,687,338,247
Total additions	17,045,846,995
DEDUCTIONS
Benefits paid to participants	4,846,584,058
Administrative expenses	6,116,277
Total deductions	4,852,700,335
NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS	12,193,146,660
NET ASSETS AVAILABLE FOR BENEFITS
Beginning of year	65,627,337,124
End of year	$ 77,820,483,784

Refer to accompanying notes.

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NOTES TO FINANCIAL STATEMENTS

NOTE 1 — DESCRIPTION OF THE PLAN AND ACCOUNTING POLICIES

Plan Description

The Microsoft Corporation Savings Plus 401(k) Plan (the “Plan”), a defined contribution plan, is sponsored by Microsoft Corporation (the “Company” or “Microsoft”). Participating employers included in the Plan are Microsoft Corporation; MOL Corporation; Vexcel Corporation; Microsoft Online, Inc.; Undead Labs; LinkedIn Corporation; GitHub, Inc.; inXile Entertainment, Inc. (“inXile”); Double Fine Productions (“Double Fine”); Obsidian Entertainment, Inc.; and ZeniMax Media Inc. These entities represent Microsoft or wholly owned subsidiaries of Microsoft. The Plan year is January 1 through December 31. The Plan is administered by the 401(k) Administrative Committee (the “Plan Administrator”) and subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Fidelity Management Trust Company (“Fidelity”) is the trustee and third-party administrator for the Plan. The information below summarizes certain aspects of the Plan as in effect during 2025, and is intended to be a summary only. Plan participants should refer to the Summary Plan Description for more complete information.

Accounting Principles

The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Eligibility

Regular and retail services employees of participating employers who are on U.S. payroll and have reached age 18 may enroll in the Plan at any time.

Eligible Compensation

Eligible compensation includes wages, salary, bonuses, commissions, and overtime. Compensation does not include, for example, items such as amounts earned with respect to any equity-based compensation plan, program, grant, award, or benefit, reimbursements or other expense allowances, fringe benefits (cash and noncash), moving expenses, deferred compensation, welfare plan benefits including health or life insurance, severance plan payments, unused accrued vacation payments, or bonuses or expense allowances which are not based upon performance as an employee.

Contributions

Participant Contributions

Participants may contribute to the Plan on a pre-tax and/or Roth basis using eligible compensation each pay period, subject to statutory and regulatory limitations. Participants reaching age 50 or older by the end of the Plan year may also make additional catch-up contributions to the Plan on a pre-tax and/or Roth basis. During 2025, the maximum annual 401(k) pre-tax and Roth contribution limit was $ 23,500 , and the maximum annual catch-up contribution to the Plan was $7,500. Additionally, participants could contribute up to $ 34,750 for 2025 on an after-tax basis. A participant’s aggregate contribution election (combined pre-tax, Roth, pre-tax catch-up, Roth catch-up, and after-tax) may not exceed 65 percent of his or her eligible compensation per pay period. Participants may elect to suspend or reinstate their contributions at any time. The Plan is required to return contributions received during the Plan year in excess of such limits.

Participants may choose to make rollover contributions to the Plan of amounts received from an eligible employer plan maintained by another company, including direct rollovers from such plans. Participants may also make rollover contributions to the Plan from an individual retirement account (“IRA”) or annuity described in Internal Revenue Code (“IRC”) Section 408(a), 408(b), 408(k), or 408(p) that is eligible to be rolled over and would otherwise be includible in gross income.

Participant contributions are recorded when withheld.

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Employer Contributions

The Company and all other participating employers excluding inXile and Double Fine provide participants with a matching contribution on eligible pre-tax and/or Roth contributions of $0.50 for every $1.00 contributed. For inXile and Double Fine, the participating employer provides participants with a matching contribution on eligible pre-tax and/or Roth contributions of $0.25 for every $1.00 contributed. The matching contribution is provided for up to 50 percent, or 25 percent for inXile and Double Fine, of the maximum annual 401(k) pre-tax and Roth Internal Revenue Service (“IRS”) contribution limit (not including catch-up contributions). Participants do not receive a match on after-tax contributions.

Employer matching contributions are recorded when participant contributions are withheld.

Employee Stock Ownership Plan Feature

The Plan includes an Employee Stock Ownership Plan (“ESOP”) feature for the portion of the Plan designed to invest primarily in Microsoft Common Stock. The ESOP feature allows participants to either reinvest their cash dividends earned on Microsoft Common Stock or receive those dividends in cash. Amounts invested in Microsoft Common Stock are treated as being held through the ESOP, provided that at the time such amounts were received by the Plan (e.g., through contributions or transfers), the participants whose Plan accounts received such assets were employed by Microsoft or a corporation that is part of the same controlled group of corporations as Microsoft.

Participants who are not employed by an employer established as a corporation that is part of the same controlled group of corporations as Microsoft may not participate in the ESOP, but may have their Plan accounts invested in Microsoft Common Stock to the same extent as other participants. However, such participants that are not eligible to participate in the ESOP feature are not eligible to receive dividends on Microsoft Common Stock in cash paid directly to them. Instead, dividends paid on amounts they have invested in Microsoft Common Stock will automatically be reinvested in Microsoft Common Stock.

Effective January 1, 2016, the investment of new contributions or transfer of existing account holdings into Microsoft Common Stock within the Plan was discontinued. Participant accounts with existing Microsoft Common Stock can retain those holdings, dividends on Microsoft Common Stock can continue to be reinvested or received in cash, and cash that the Plan accumulates over time in the trading of Microsoft Common Stock in the Plan is also allocated to the Participants’ accounts and reinvested.

Participant Accounts

Each participant’s account is credited with (a) participant contributions and employer contributions, and (b) the allocation of investment earnings, gains and losses, and expenses, based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. All amounts in participant accounts are participant-directed. Participants may invest in various instruments including mutual funds, common collective trusts, and separately managed accounts. Participants also have the option to direct their investments through a brokerage account.

Vesting

Participants are fully vested in Plan accounts at all times.

Distributions

Active participants may take a withdrawal from the Plan in the event of a financial hardship. A hardship withdrawal is limited to the amount necessary to meet the participant’s immediate financial need. Hardship withdrawals are further limited to contributions, and earnings thereon, to participants’ pre-tax, pre-tax catch-up, Roth, and Roth catch-up accounts.

Active participants may also generally take a withdrawal at any time from their rollover and after-tax accounts within the Plan. After reaching age 59 1 ⁄ 2 , active participants may withdraw all, or any portion, of the balance in their accounts. Distributions, in full or any portion, may also occur if the participant terminates employment, retires, becomes permanently disabled, or dies. Distributions of investments in Microsoft Common Stock may be taken in the form of Microsoft Common Stock or cash. Distributions may be made in installments.

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Participants may also withdraw all, or any portion, of their pre-tax and Roth contributions during a leave of absence to perform qualified military service of at least 30 days, subject to a six-month suspension on future non-rollover contributions to the Plan, or if they elect a qualified reservist distribution. The distribution generally must be made in a single lump sum cash payment, except that distributions of investments in Microsoft Common Stock may be taken in the form of Microsoft Common Stock or cash.

In-Plan Roth Conversions

Active and terminated participants may convert any Plan balances (other than outstanding loans) to a Roth account within the Plan.

Administrative Expenses

Plan administrative expenses are paid by the Company to the extent not paid or offset by the Plan. Participants are responsible for fees associated with certain transactions or services they utilize, such as loan originations and maintenance, domestic relations order qualifications, dividend check processing, overnight check fees, and professional management service fees. Participants also pay commission charges to Fidelity for buying and selling Microsoft Common Stock within the Plan.

Plan Amendment and Termination

The Company has the right to amend or terminate the Plan. If the Plan is terminated, all account balances will be distributed in the form and manner determined by the Plan Administrator.

Risks and Uncertainties

The Plan utilizes various investment instruments, such as common stock, mutual funds, common collective trusts, and separately managed accounts, including a stable value fund. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, including systemic market disruptions and geopolitical events, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.

Estimates and Assumptions

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties. The Plan has no contingent assets or liabilities for any periods presented in these financial statements.

Valuation of Investments and Income (Loss) Recognition

Investments are recorded at fair value with the exception of fully benefit-responsive investment contracts, which are reported at contract value. Contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Security transactions are accounted for as of the trade date. Dividend income is recorded on the ex-dividend date, and interest income is recorded as earned. Net increase in fair value of investments includes the Plan’s gains and losses on investments bought, sold, and held during the year.

Participant Loans

Participant loans are measured at their unpaid principal balance plus any accrued but unpaid interest, and participant loans deemed distributed due to default are included in benefits paid to participants on the statement of changes in net assets available for benefits.

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Receivables and Payables

As of December 31, 2025 and 2024, operating payables primarily consisted of accrued investment management expenses for the separately managed accounts. Other receivables and payables primarily consisted of unsettled trades. Other receivables also included accrued interest.

NOTE 2 — FAIR VALUE MEASUREMENTS

The Plan accounts for certain assets and liabilities at fair value. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. The Plan categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

• Level 1 – inputs are based upon unadjusted quoted prices for identical instruments in active markets. The Plan’s Level 1 non-derivative investments primarily include domestic and international equities, mutual funds, and U.S. government securities. The Plan’s Level 1 derivative assets include those actively traded on exchanges.

• Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including interest rate curves, credit spreads, foreign exchange rates, and forward and spot prices for currencies and commodities. The Plan’s Level 2 non-derivative investments consist primarily of mutual funds in the Plan’s separately managed accounts. These mutual funds are registered under the Investment Company Act of 1940 but are not registered under the Securities Act of 1933 and the prices are made available directly from the investment manager. The Plan’s Level 2 derivative assets and liabilities primarily include certain over-the-counter option and currency contracts.

• Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. As of December 31, 2025 and 2024, the Plan did not hold any financial instruments categorized as Level 3.

Mutual funds are valued at the closing price as reported by the fund. Common stocks are valued at the closing price reported on the active markets on which the individual securities are traded. Brokerage account holdings include a variety of common stocks and mutual funds.

Common collective trusts are valued using the Net Asset Value (“NAV”) as a practical expedient and are not categorized in the fair value hierarchy. NAV is provided by the fund’s issuer and is based on the fair value of the underlying investments held by the fund less its liabilities. In the event the Plan were to initiate a full redemption of a common collective trust, the fund’s issuer reserves the right to temporarily delay withdrawal from the common collective trust in order to ensure that securities liquidations will be carried out in an orderly business manner. The common collective trusts have no unfunded commitments, other redemption restrictions, or redemption notice periods. The underlying portfolios of the common collective trusts are comprised of a mix of stocks, bonds, commodities, and cash.

One of the common collective trusts, the State Street Government Short Term Investment Fund (“SSBK Govt STIF Fund”), does not file as a direct filing entity with the Department of Labor. The investment strategy of this fund is to provide safety of principal, daily liquidity, and a competitive yield over the long term. The SSBK Govt STIF Fund invests primarily in repurchase agreements and U.S. Treasury obligations.

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Financial Instruments Measured at Fair Value

December 31, 2025	Level 1	Level 2	Total
Mutual funds	$ 0	$ 0	$ 0
Microsoft Common Stock	5,142,641,059	0	5,142,641,059
Separately managed accounts:
Publicly-traded stock	7,574,312,971	0	7,574,312,971
Mutual funds	0	1,791,245,275	1,791,245,275
Other	0	32,187,689	32,187,689
Brokerage accounts	6,477,323,163	125,065,084	6,602,388,247
Total	$ 19,194,277,193	$ 1,948,498,048	21,142,775,241
Common collective trusts measured at NAV			53,174,958,031
Separately managed accounts:
Common collective trusts measured at NAV			1,315,532,151
Total Investments at Fair Value			$ 75,633,265,423
December 31, 2024	Level 1	Level 2	Total
Mutual funds	$ 9,181,148,993	$ 0	$ 9,181,148,993
Microsoft Common Stock	5,063,721,519	0	5,063,721,519
Separately managed accounts:
Publicly-traded stock	5,581,875,657	0	5,581,875,657
Mutual funds	0	1,518,134,041	1,518,134,041
Other	0	49,048,486	49,048,486
Brokerage accounts	4,977,729,263	109,333,085	5,087,062,348
Total	$ 24,804,475,432	$ 1,676,515,612	26,480,991,044
Common collective trusts measured at NAV			38,419,549,176
Separately managed accounts:
Common collective trusts measured at NAV			457,280,957
Total Investments at Fair Value			$ 65,357,821,177

NOTE 3 — FULLY BENEFIT-RESPONSIVE INVESTMENT CONTRACTS

The Plan offers participants a stable value investment option (the “Stable Value Account”) that invests a small portion in a money market fund and the remainder in synthetic guaranteed investment contracts (“GICs”). The money market portion is reported at fair value. The synthetic GICs meet the fully benefit-responsive investment contract criteria and therefore are reported at contract value, which is the amount that participants would receive if permitted transactions under the terms of the Plan were initiated for withdrawals. Generally, contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses.

Synthetic GICs pair Plan-owned fixed income investments with an insurance-like feature known as a “wrap contract” issued by a bank or life insurance company. The crediting interest rate of each wrap contract is determined by a formula agreed upon with the synthetic GIC issuers and is guaranteed to not fall below zero percent. The crediting rate of each synthetic GIC resets every month based on the performance of the underlying investment portfolio. To the extent that the Stable Value Account has unrealized gains and losses, the interest crediting rate may differ from then-current market rates.

Certain events might limit the ability of the Plan to transact at contract value with the synthetic GIC issuer, which could result in a lower or negative return for the Stable Value Account notwithstanding the guaranteed crediting interest rate noted above. These events could be different under each synthetic GIC. Such events include layoffs, divestitures, voluntary or involuntary reductions in workforce, Plan termination or merger, or other events that are outside the normal operation of the Plan that causes a withdrawal from a synthetic GIC.

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The Plan’s ability to receive payment under fully benefit-responsive investment contracts depends on each issuer’s financial stability, which may be influenced by future economic and regulatory developments.

In addition, certain events allow the issuer to terminate the synthetic GIC with the Plan and settle at an amount different from contract value. Those events could be different under each synthetic GIC. Such events include a change in qualification status of a participant, an employer, or the Plan; a breach of material obligations under the synthetic GIC and misrepresentation by the contract holder; or failure of the underlying portfolio to conform to the pre-established investment guidelines. Plan management does not believe that the occurrence of any events that might limit the Plan’s ability to transact at contract value with the synthetic GIC issuer, or allow the issuer to terminate the synthetic GIC, is probable.

NOTE 4 — DERIVATIVES

Investment managers acting under the Plan use derivative instruments to manage risks related to foreign currencies and interest rates, to enhance investment returns for the Plan, and to facilitate Plan portfolio diversification. The Plan’s derivatives consisted of over-the-counter foreign exchange forward contracts and exchange-traded futures contracts, as well as put and call options, for which no hedge accounting treatment is applied. The related notional amounts, gross fair values, and amounts recognized in earnings were immaterial as of December 31, 2025 and 2024 and for the year ended December 31, 2025. These derivative instruments are primarily a component of the “Other” caption of separately managed accounts in Note 2 – Fair Value Measurements.

NOTE 5 — PARTICIPANT LOANS

Participant loans are available in $ 100 increments ranging from $ 1,000 to $ 50,000 . The maximum loan amount is the lesser of (a) 50 percent of the vested account balance, reduced by the current outstanding balance of all other loans from the Plan; or (b) $ 50,000 , reduced by: (1) the current outstanding balance of all other loans from the Plan, and (2) the excess (if any) of all Plan loans during the previous 12 months over the current outstanding balance of Plan loans. When determining the maximum loan amount available under the Plan, outstanding loan balances under any subsidiary and affiliate Microsoft retirement plans are considered in conjunction with the Plan. Participants are limited to two loans – one Primary Residence Loan and one General Loan. The term of a Primary Residence Loan may not exceed 15 years (or 30 years for certain acquired legacy loans) or be less than 12 months. The term of a General Loan may not exceed five years (or 15 years for certain acquired legacy loans) or be less than 12 months.

The interest rate for participant loans is one percent plus the prime rate on corporate loans. The range of interest rates for outstanding Primary Residence Loans as of December 31, 2025 was 3.25 percent to 9.50 percent, maturing at various dates through February 2044 . The range of interest rates for outstanding General Loans as of December 31, 2025 was 4.25 percent to 9.50 percent, maturing at various dates through January 2031 .

Loan repayments are made through after-tax payroll deductions. Terminated employees generally have 60 days to elect to continue to make loan repayments or pay off the loan in full. Failure of the terminated employee to set up monthly electronic loan payments or pay off the loan in full during this 60-day window generally results in a default of the loan, which is taxable income to the participant, with a possible 10 percent early withdrawal penalty. Terminated employees who roll over their Plan account balance to an IRA, Roth IRA, or other employer plan during this 60-day window may avoid such taxable income and 10 percent early withdrawal penalty if they pay off the outstanding loan balance to the rollover recipient IRA custodian or employer plan by the due date (including extensions) for filing their federal income tax return for the year in which the rollover occurred.

NOTE 6 — TAX STATUS

The IRS has determined and informed the Plan, by a letter dated October 7, 2022 , that the Plan is qualified as a tax-exempt plan under the appropriate sections of the IRC. The determination letter covered Plan amendments adopted from December 19, 2013 through December 15, 2021, and the trust agreement with Fidelity adopted on July 19, 2013. The Plan has been amended since the last date that was covered by the determination letter; however, the Plan Administrator believes that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC. Therefore, the Plan is tax-exempt as of the financial statement date and no provision for income taxes has been recorded in the financial statements.

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NOTE 7 — PARTY-IN-INTEREST TRANSACTIONS

Exempt Party-In-Interest Transactions

Plan investments include common collective trusts and fixed income instruments that are managed by affiliates of Fidelity; therefore, these transactions qualify as party-in-interest transactions. Fees paid for investment management services were included as a reduction of the return earned on each fund.

The Stable Value Account is managed by Invesco Advisers, Inc. (“Invesco”) and its affiliate Invesco Trust Company (“ITC”). A portion of the Stable Value Account is invested in the Invesco Short Term Investment Fund (“Invesco STIF”). Accordingly, transactions involving the Invesco STIF constitute party-in-interest transactions. Fees paid for investment management services were included as a reduction of the return earned on the fund, with no incremental management fee on the Invesco STIF allocation. These transactions involving the Invesco STIF are permitted under the Plan, conducted in accordance with applicable ERISA provisions, and exempt party-in-interest transactions under ERISA.

Transactions in Microsoft Common Stock also qualify as party-in-interest transactions. As of December 31, 2025 and 2024, the Plan held 10,633,640 shares of Microsoft Common Stock valued at $ 5,142,641,059 and 12,013,574 shares of Microsoft Common Stock valued at $ 5,063,721,519 , respectively. During the year ended December 31, 2025, the Plan recorded Microsoft Common Stock dividend income of $ 38,458,044 .

Participant loans, which are secured by the vested balances in the participants’ accounts, also qualify as party-in-interest transactions.

Nonexempt Party-In-Interest Transactions

There was one instance in 2025 when the Plan, due to administrative errors, remitted some participants’ contributions to Fidelity later than required under Department of Labor Regulation Sec. 2510.3-102. The late remittance was promptly discovered, funded, and self-corrected, and was timely reported on IRS Form 5330, with payment of applicable excise taxes. The impacted participant accounts were credited by an amount representing investment income that would have been earned had the participant contributions been remitted on a timely basis. The aggregate amount of late contributions in 2025 totaled $ 46,597 , all of which was remediated in 2026, resulting in credits to participant accounts of $ 27 in 2026.

NOTE 8 — RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits per the financial statements to net assets per the Form 5500:

December 31, — Net assets available for benefits per the financial statements	2025 — $ 77,820,483,784	$	65,627,337,124
Adjustment from contract value to fair value for fully benefit-responsive investment contracts	2,871,823		0
Benefits payable	( 9,785,264	)	( 3,303,297	)
Net assets per the Form 5500	$ 77,813,570,343	$	65,624,033,827

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The following is a reconciliation of net increase in net assets available for benefits per the financial statements to the Form 5500:

Year Ended December 31,	2025
Net increase in net assets available for benefits per the financial statements	$ 12,193,146,660
Increase in benefits payable at year end	( 6,481,967	)
Adjustment from contract value to fair value for fully benefit-responsive investment contracts at end of the year	2,871,823
Net income per the Form 5500	$ 12,189,536,516

Benefits payable are recorded on the Form 5500 for payments to participants who requested and were approved payment by December 31, but had not been paid as of that date.

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MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment	Current Value
BROKERAGE ACCOUNTS
BrokerageLink *	Participant-directed accounts	$ 6,602,388,247
COMMON COLLECTIVE TRUSTS
BlackRock LifePath Index 2030 Unitized Account M	Common collective trust	2,240,714,500
BlackRock LifePath Index 2035 Unitized Account M	Common collective trust	935,221,815
BlackRock LifePath Index 2040 Unitized Account M	Common collective trust	5,057,011,406
BlackRock LifePath Index 2045 Unitized Account M	Common collective trust	1,581,522,231
BlackRock LifePath Index 2050 Unitized Account M	Common collective trust	6,421,924,384
BlackRock LifePath Index 2055 Unitized Account M	Common collective trust	2,159,399,055
BlackRock LifePath Index 2060 Unitized Account M	Common collective trust	2,762,671,335
BlackRock LifePath Index 2065 Unitized Account M	Common collective trust	740,739,474
BlackRock LifePath Index 2070 Unitized Account M	Common collective trust	31,088,729
BlackRock LifePath Index Retirement Unitized Account M	Common collective trust	813,348,500
BlackRock Short-term Investment Fund	Common collective trust	1,104,316
Fidelity Contrafund Pool Class S **	Common collective trust	4,441,579,663
Fidelity Growth Company Pool Class S **	Common collective trust	8,249,634,806
PIMCO Inflation Response MAM Class I	Common collective trust	185,073,779
Vanguard Russell 1000 Growth Index Trust	Common collective trust	4,788,882,589
Vanguard Russell 1000 Value Index Trust	Common collective trust	2,443,958,715
Vanguard S&P 500 Index Trust	Common collective trust	10,321,082,734
EMPLOYER STOCK
Microsoft Common Stock **	Equity	5,142,641,059
SEPARATELY MANAGED ACCOUNTS
SMID Cap Value Account
Equity
1 800 FLOWERS.COM INC CL A	Equity	62,758
8X8 INC	Equity	29,607
908 DEVICES INC	Equity	35,795
AAR CORP	Equity	950,926
ABERCROMBIE & FITCH CO CL A	Equity	175,211
ABM INDUSTRIES INC	Equity	780,054
ACACIA RESEARCH - ACACIA TECH	Equity	98,201
ACADEMY SPORTS & OUTDOORS INC	Equity	1,098,471
ACADIA HEALTHCARE CO INC	Equity	88,489

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ACCO BRANDS CORP	Equity	124,948
ACI WORLDWIDE INC	Equity	131,573
ACME UNITED CORP	Equity	31,039
ACNB CORPORATION	Equity	117,007
ADAPTHEALTH CORP	Equity	348,182
ADDUS HOMECARE CORP	Equity	560,791
ADDUS HOMECARE CORP	Equity	2,484,468
ADIENT PLC	Equity	433,510
ADT INC	Equity	1,339,886
ADT INC	Equity	3,801,737
ADTALEM GLOBAL EDUCATION INC	Equity	736,293
ADTALEM GLOBAL EDUCATION INC	Equity	5,020,468
ADVANCE AUTO PARTS INC	Equity	27,589
ADVANCED ENERGY INDUSTRIES INC	Equity	4,663,717
ADVANSIX INC	Equity	166,115
ADVANTAGE SOLUTIONS INC A	Equity	36,110
AEBI SCHMIDT HOLDING AG	Equity	126,614
AERSALE CORP	Equity	94,392
AFFILIATED MANAGERS GRP INC	Equity	558,687
AFFILIATED MANAGERS GRP INC	Equity	9,473,746
AGCO CORP	Equity	1,662,548
AIR LEASE CORP CL A	Equity	2,089,852
AKAMAI TECHNOLOGIES INC	Equity	2,349,904
ALAMO GROUP INC	Equity	666,780
ALASKA AIR GROUP INC	Equity	1,679,819
ALBANY INTERNATIONAL CORP CL A	Equity	249,038
ALBERTSONS COS INC CL A	Equity	1,895,808
ALCOA CORP	Equity	3,836,814
ALERUS FINANCIAL CORP	Equity	150,726
ALICO INC	Equity	50,568
ALIGHT INC CL A	Equity	294,450
ALIGN TECHNOLOGY INC	Equity	454,865
ALKERMES PLC	Equity	395,833
ALLEGIANT TRAVEL CO	Equity	467,535
ALLEGRO MICROSYSTEMS INC	Equity	3,041,878
ALLIENT INC	Equity	266,063
ALLOGENE THERAPEUTICS INC	Equity	28,997
ALLY FINANCIAL INC	Equity	3,822,657
ALPHA & OMEGA SEMICNDTR LTD	Equity	181,539

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ALPHA METALLURGICAL RESOURCES INC	Equity	838,896
ALPHA PRO TECH LTD	Equity	7,992
AMALGAMATED FINANCIAL CORP	Equity	290,288
AMC NETWORKS INC CL A	Equity	41,241
AMDOCS LTD	Equity	1,417,942
AMENTUM HOLDINGS INC	Equity	472,613
AMERANT BANCORP INC	Equity	47,721
AMERESCO INC-CL A	Equity	166,074
AMERICAN AXLE & MFG HLDGS INC	Equity	269,041
AMERICAN COASTAL INSURANCE CORP	Equity	79,897
AMERICAN EAGLE OUTFITTERS INC	Equity	1,714,261
AMERICAN FINL GROUP INC OHIO	Equity	745,043
AMERICAN HOMES 4 RENT	Equity	2,337,843
AMERICAN OUTDOOR BRANDS INC	Equity	39,972
AMERICAN PUBLIC EDUCATION INC	Equity	254,356
AMERICAN VANGUARD CORP	Equity	42,669
AMERICAN WELL CORP	Equity	6,339
AMERICAN WOODMARK	Equity	345,984
AMERICAS CAR MART INC	Equity	20,713
AMERIS BANCORP	Equity	1,576,752
AMES NATIONAL CORP	Equity	76,503
AMKOR TECHNOLOGY INC	Equity	2,857,523
AMNEAL PHARMACEUTICALS INC	Equity	39,161
AMPCO-PITTSBURG CORP	Equity	26,266
AMPHASTAR PHARMACEUTICALS INC	Equity	348,756
AMPLIFY ENERGY CORP NEW	Equity	61,617
AMREP CORP	Equity	17,371
AMTECH SYSTEMS INC	Equity	24,134
ANDERSONS INC	Equity	652,130
ANGI INC	Equity	185,584
ANIKA THERAPEUTICS INC	Equity	63,983
ANTERO RES CORP	Equity	1,613,417
ANYWHERE REAL ESTATE INC	Equity	489,596
APA CORP	Equity	2,498,613
APOGEE ENTERPRISES INC	Equity	279,155
APTARGROUP INC	Equity	1,096,542
APTIV PLC	Equity	28,077
ARAMARK	Equity	848,185
ARCBEST CORP	Equity	608,432

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ARCHROCK INC	Equity	805,215
ARCOSA INC	Equity	896,278
ARCOSA INC	Equity	4,698,706
ARDMORE SHIPPING CORP	Equity	166,729
ARKO CORP	Equity	104,770
ARQ INC	Equity	30,355
ARRAY DIGITAL INFRASTRUCTURE INC	Equity	832,987
ARROW ELECTRONICS INC	Equity	1,852,346
ARROW FINANCIAL CORP	Equity	163,280
ASBURY AUTOMOTIVE GROUP INC	Equity	1,284,263
ASCENT INDUSTRIES CO	Equity	25,596
ASGN INC	Equity	487,288
ASHLAND INC	Equity	889,907
ASPEN AEROGELS INC	Equity	27,680
ASSOCIATED BANC CORP	Equity	873,547
ASSURANT INC	Equity	893,313
ASSURED GUARANTY LTD	Equity	1,189,879
ASTEC INDUSTRIES INC	Equity	402,963
ASTRANA HEALTH INC	Equity	100,059
ASTRIA THERAPEUTICS INC	Equity	77,126
ASURE SOFTWARE INC	Equity	87,050
ATEA PHARMACEUTICALS INC	Equity	10,178
ATKORE INC	Equity	350,785
ATLANTIC UN BANKSHARES CORP	Equity	1,250,432
ATLANTICUS HOLDINGS CORP	Equity	271,750
ATLAS ENERGY SOLUTIONS INC	Equity	143,646
ATMOS ENERGY CORP	Equity	2,991,693
ATMUS FILTRATION TECHNOLOGIES INC	Equity	2,445,999
ATN INTERNATIONAL INC	Equity	125,674
AUTOLIV INC	Equity	273,129
AUTONATION INC	Equity	1,700,363
AVANOS MEDICAL INC	Equity	153,683
AVANTOR INC	Equity	1,023,917
AVANTOR INC	Equity	1,464,611
AVERY DENNISON CORP	Equity	3,148,525
AVIAT NETWORKS INC	Equity	71,195
AVIENT CORP	Equity	807,523
AVNET INC	Equity	1,449,179
AXALTA COATING SYSTEMS LTD	Equity	2,152,686

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
AXALTA COATING SYSTEMS LTD	Equity	3,975,713
AXCELIS TECHNOLOGIES INC	Equity	236,200
AXIS CAPITAL HOLDINGS LTD	Equity	2,014,256
AXOS FINANCIAL INC	Equity	1,322,814
AZENTA INC	Equity	119,403
AZZ INC	Equity	711,997
BALL CORP	Equity	4,002,996
BANC OF CALIFORNIA INC	Equity	593,303
BANCFIRST CORP	Equity	36,471
BANDWIDTH INC	Equity	132,777
BANK FIRST CORP	Equity	59,448
BANK HAWAII CORP	Equity	185,898
BANK MARIN BANCORP	Equity	136,500
BANK OF NT BUTTERFIELD&SON LTD	Equity	424,865
BANK OZK	Equity	1,677,521
BANK7 CORP	Equity	37,046
BANKFINANCIAL CORP	Equity	34,860
BANKUNITED INC	Equity	1,009,466
BANKWELL FINANCIAL GROUP INC	Equity	100,300
BANNER CORP	Equity	676,289
BAR HARBOR BANKSHARES	Equity	189,157
BARNES & NOBLE EDUCATION INC	Equity	13,206
BASSETT FURNITURE INDS INC	Equity	76,945
BAYCOM CORP	Equity	127,714
BCB BANCORP INC	Equity	58,556
BEACON FINANCIAL CORP	Equity	745,454
BEAZER HOMES USA INC	Equity	156,424
BELLRING BRANDS INC	Equity	104,942
BENCHMARK ELECTRONICS INC	Equity	569,178
BIGLARI HLDGS INC CL A	Equity	27,841
BIGLARI HLDGS INC CL B	Equity	201,785
BIO RAD LABS CL A	Equity	1,671,899
BIO RAD LABS CL A	Equity	5,041,451
BIOMARIN PHARMACEUTICAL INC	Equity	324,963
BIONTECH SE ADR	Equity	17,326
BIRKENSTOCK HOLDING LTD	Equity	868,348
BJ’S RESTAURANTS INC	Equity	327,847
BLACK DIAMOND THERAPEUTICS INC	Equity	31,218
BLUE FOUNDRY BANCORP	Equity	37,862

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
BLUE RIDGE BANKSHARES INC	Equity	25,624
BLUELINX HOLDINGS INC	Equity	219,121
BOISE CASCADE CO	Equity	932,144
BOK FINANCIAL COMMON NEW	Equity	1,995,814
BOK FINANCIAL COMMON NEW	Equity	4,351,983
BORGWARNER INC	Equity	2,518,313
BORGWARNER INC	Equity	4,230,503
BOSTON BEER COMPANY CL A	Equity	330,160
BOSTON OMAHA CORP	Equity	126,582
BOWMAN CONSULTING GROUP LTD	Equity	95,692
BOYD GAMING CORP	Equity	6,323,700
BRADY CORPORATION CL A	Equity	583,857
BREAD FINANCIAL HOLDINGS	Equity	1,189,884
BRIDGEWATER BANCSHARES INC	Equity	152,739
BRIGHTHOUSE FINANCIAL INC	Equity	1,266,774
BRIGHTSPRING HEALTH SERVICES INC	Equity	209,083
BRIGHTVIEW HOLDINGS INC	Equity	333,512
BRISTOW GROUP INC	Equity	327,310
BROADWIND INC	Equity	18,579
BROWN FORMAN CORP CL A	Equity	14,628
BROWN FORMAN CORP NON VTG CL B	Equity	70,831
BRUNSWICK CORP	Equity	1,183,608
BRUNSWICK CORP	Equity	1,908,413
BUILDERS FIRSTSOURCE	Equity	2,167,275
BUMBLE INC CL A	Equity	109,185
BUNGE GLOBAL SA	Equity	209,783
BURKE & HERBERT FINANCIAL SERVICES CORP	Equity	98,699
BUSINESS FIRST BANCSHARES INC	Equity	204,101
BUZZFEED INC	Equity	4,683
BWX TECHNOLOGIES INC	Equity	4,762,779
BYLINE BANCORP INC	Equity	384,255
C & F FINANCIAL CORP	Equity	77,163
C T S CORP	Equity	360,622
CABLE ONE INC	Equity	153,589
CABOT CORP	Equity	336,769
CACI INTERNATIONAL INC	Equity	893,522
CACTUS INC CL A	Equity	313,776
CADELER A/S-SPON ADR	Equity	1,989
CADENCE BANK	Equity	2,287,956

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
CADENCE BANK	Equity	2,155,794
CAESARS ENTERTAINMENT INC	Equity	792,289
CALAVO GROWERS INC	Equity	114,514
CALEDONIA MINING CORP	Equity	69,246
CALERES INC	Equity	129,452
CALIFORNIA BANCORP	Equity	48,318
CALIFORNIA RES CORP	Equity	1,194,651
CAL-MAINE FOODS INC	Equity	1,012,130
CAMDEN NATIONAL CORP	Equity	231,215
CAPITAL BANCORP INC/MD	Equity	96,482
CAPITAL CITY BANK GROUP INC	Equity	277,173
CAPITOL FED FINL (2ND STEP CV)	Equity	282,710
CARDLYTICS INC	Equity	2,698
CAREDX INC	Equity	92,410
CARIBOU BIOSCIENCES INC	Equity	26,702
CARLISLE COS INC	Equity	3,334,221
CARLYLE GROUP INC (THE)	Equity	7,726,682
CARMAX INC	Equity	690,999
CARRIAGE SERVICES INC	Equity	113,364
CARS.COM INC	Equity	242,963
CARTER BANKSHARES INC	Equity	146,467
CARTERS INC	Equity	344,893
CASELLA WASTE SYS INC CL A	Equity	4,405,439
CASTLE BIOSCIENCES INC	Equity	333,568
CATALYST PHARMACEUTICALS INC	Equity	49,551
CATHAY GENERAL BANCORP	Equity	1,069,032
CATO CORP CL A	Equity	25,684
CELANESE CORP	Equity	27,397
CENTERSPACE	Equity	2,691,485
CENTRAL GARDEN & PET CO	Equity	138,792
CENTRAL GARDEN & PET CO CL A	Equity	465,435
CENTRAL PACIFIC FINANCIAL CORP	Equity	256,509
CENTURY COMMUNITIES INC	Equity	643,948
CERENCE INC	Equity	43,284
CERTARA INC	Equity	370,029
CF BANKSHARES INC	Equity	10,180
CF INDUSTRIES HOLDINGS INC	Equity	3,249,749
CHAMPION HOMES INC	Equity	528,463
CHARLES RIVER LABS INTL INC	Equity	1,765,996

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
CHARLES RIVER LABS INTL INC	Equity	5,106,887
CHART INDUSTRIES INC	Equity	790,686
CHEGG INC	Equity	21,373
CHEMUNG FINANCIAL CORP	Equity	79,850
CHOICEONE FINANCIAL SERVIC INC	Equity	14,937
CHORD ENERGY CORP	Equity	625,818
CIPHER MINING INC	Equity	32,989
CIRRUS LOGIC INC	Equity	706,734
CITI TRENDS INC	Equity	101,780
CITIZENS & NORTHERN CORP	Equity	119,185
CITY HOLDING CO	Equity	76,526
CIVEO CORP	Equity	95,071
CIVISTA BANCSHARES INC	Equity	116,833
CIVITAS RESOURCES INC	Equity	633,662
CLARIVATE PLC	Equity	540,940
CLARUS CORP	Equity	12,496
CLEAN ENERGY FUELS CORP	Equity	80,980
CLEAN HARBORS INC	Equity	4,101,993
CLEANSPARK INC	Equity	268,706
CLEARWATER PAPER CORP	Equity	117,502
CNB FINANCIAL CORP PA	Equity	192,664
CNH INDUSTRIAL NV	Equity	2,533,610
CNO FINANCIAL GROUP INC	Equity	1,042,851
CNX RESOURCES CORP	Equity	1,946,567
COEUR MINING INC	Equity	145,760
COHU INC	Equity	107,647
COLONY BANKCORP INC	Equity	98,705
COLUMBIA BANKING SYSTEMS INC	Equity	2,088,787
COLUMBIA BANKING SYSTEMS INC	Equity	4,959,029
COLUMBIA FINANCIAL INC	Equity	91,049
COLUMBIA SPORTSWEAR CO	Equity	491,182
COLUMBUS MCKINNON CORP NY	Equity	148,574
COMERICA INC	Equity	3,112,007
COMMERCE BANCSHARES INC	Equity	737,628
COMMERCIAL METALS CO	Equity	2,305,164
COMMERCIAL VEHICLE GROUP INC	Equity	5,135
COMMUNITY FINANCIAL SYSTEM INC	Equity	674,173
COMMUNITY HEALTH SYS INC NEW	Equity	15,463
COMMUNITY TRUST BANCORP INC	Equity	375,725

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
COMMUNITY WEST BANCSHARES	Equity	107,933
COMSTOCK RESOURCES INC	Equity	1,304,315
COMTECH TELECOMMUNICATIONS NEW	Equity	57,719
CONAGRA BRANDS INC	Equity	2,052,949
CONCENTRIX CORP	Equity	684,199
CONCRETE PUMPING HOLDINGS INC	Equity	100,583
CONDUENT INC	Equity	99,999
CONMED CORP	Equity	174,580
CONMED CORP	Equity	1,782,746
CONNECTONE BANCORP INC	Equity	404,496
CONSUMER PORTFOLIO SVCS INC	Equity	84,922
COOPER COMPANIES INC	Equity	877,792
COOPER STANDARD HOLDING INC	Equity	103,874
COPA HOLDINGS SA CL A	Equity	830,520
CORE & MAIN INC	Equity	3,469,517
CORE LABORATORIES INC	Equity	149,335
CORE LABORATORIES INC	Equity	2,045,284
CORE MOLDING TECH INC	Equity	22,376
CORE NATURAL RESOURCES INC	Equity	569,119
CORSAIR GAMING INC	Equity	45,043
COSTAMARE BULKERS HOLDINGS LTD	Equity	90,981
COSTAMARE INC	Equity	636,069
COTY INC CL A	Equity	45,846
COVENANT LOGISTICS GROUP INC	Equity	153,883
CRACKER BARREL OLD CTRY ST INC	Equity	122,580
CRANE NXT CO	Equity	399,201
CRANE NXT CO	Equity	2,151,099
CRESCENT ENERGY INC A	Equity	641,525
CREXENDO INC	Equity	40,560
CRICUT INC	Equity	24,592
CROCS INC	Equity	661,155
CROSS COUNTRY HEALTHCARE INC	Equity	99,444
CULLEN FROST BANKERS INC	Equity	723,817
CULLINAN ONCOLOGY INC	Equity	35,915
CULP INC	Equity	9,167
CURTISS WRIGHT CORPORATION	Equity	2,566,162
CUSHMAN & WAKEFIELD LTD	Equity	1,123,295
CUSTOM TRUCK ONE SOURCE INC A	Equity	189,020
CUSTOMERS BANCORP INC	Equity	767,833

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
CVB FINANCIAL CORP	Equity	679,681
DAILY JOURNAL CORP	Equity	41,422
DAKTRONICS INC	Equity	288,444
DANA INC	Equity	1,086,877
DARLING INGREDIENTS INC	Equity	1,617,948
DEFINITIVE HEALTHCARE CORP	Equity	31,860
DELUXE CORP	Equity	320,168
DESIGNER BRANDS INC	Equity	109,912
DESTINATION XL GROUP INC	Equity	16,628
DHI GROUP INC	Equity	18,687
DHT HOLDINGS INC	Equity	644,175
DIAMOND HILL INVEST GRP INC	Equity	60,512
DIEBOLD NIXDORF INC	Equity	364,841
DIGI INTERNATIONAL INC	Equity	493,982
DIGITAL TURBINE INC	Equity	30,605
DIGITALBRIDGE GROUP INC	Equity	384,022
DILLARDS INC CL A	Equity	-
DIME COMMUNITY BANCSHARES INC	Equity	351,812
DIODES INC	Equity	479,683
DISTRIBUTION SOLUTIONS GROUP INC	Equity	115,175
DLH HOLDINGS CORP	Equity	13,972
DMC GLOBAL INC	Equity	34,166
DNOW INC	Equity	743,471
DOCGO INC	Equity	21,550
DOLBY LABORATORIES INC CL A	Equity	137,238
DOLE PLC	Equity	367,375
DONEGAL GROUP INC CL A	Equity	238,202
DORIAN LPG LTD	Equity	378,560
DORMAN PRODUCTS INC	Equity	751,336
DOUBLEVERIFY HOLDINGS INC	Equity	235,687
DOUGLAS DYNAMICS INC	Equity	148,329
DREAM FINDERS HOMES INC	Equity	77,241
DT MIDSTREAM INC	Equity	1,574,989
DUCOMMUN INC	Equity	276,923
DXC TECHNOLOGY CO	Equity	768,466
DXP ENTERPRISES INC	Equity	463,533
EAGLE BANCORP INC MD	Equity	87,822
EAGLE BANCORP MONTANA INC	Equity	26,129
EAGLE FINANCIAL SERVICES INC	Equity	14,406

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
EAST WEST BANCORP INC	Equity	588,474
EASTERN BANKSHARES INC	Equity	452,586
EASTERN CO	Equity	33,532
EASTGROUP PPTYS INC	Equity	2,480,600
EASTMAN CHEMICAL CO	Equity	1,539,643
ECHOSTAR CORP CL A	Equity	208,052
ECOVYST INC	Equity	370,567
EDGEWELL PERSONAL CARE CO	Equity	294,095
EGAIN CORP	Equity	37,188
EHEALTH INC	Equity	41,671
EL POLLO LOCO HLDGS INC	Equity	135,844
ELANCO ANIMAL HEALTH INC	Equity	3,136,405
ELEMENT SOLUTIONS INC	Equity	1,148,515
ELEMENT SOLUTIONS INC	Equity	3,711,365
EMERGENT BIOSOL	Equity	174,820
EMPLOYERS HOLDINGS INC	Equity	412,403
ENACT HOLDINGS INC	Equity	530,899
ENCOMPASS HEALTH CORP	Equity	3,600,163
ENCORE CAP GROUP INC	Equity	49,241
ENERGY SERVICES ACQ	Equity	28,195
ENERSYS INC	Equity	1,246,935
ENHABIT HOME HEALTH & HOSPICE	Equity	78,969
ENNIS INC	Equity	184,152
ENOVA INTL INC	Equity	1,110,618
ENOVIS CORP	Equity	465,028
ENPRO INC	Equity	873,222
ENTERPRISE FINL SVCS CORP	Equity	605,502
ENTRADA THERAPEUTICS INC	Equity	44,266
ENTRAVISION COMMUN CRP CL A	Equity	31,752
ENVIRI CORP	Equity	182,945
ENVISTA HOLDINGS CORP	Equity	720,381
ENVISTA HOLDINGS CORP	Equity	5,628,100
EPAM SYSTEMS INC	Equity	403,818
EPLUS INC	Equity	707,301
EPSILON ENERGY LTD	Equity	25,859
EQUITY BANCSHARES INC	Equity	243,700
ESCALADE	Equity	71,389
ESPEY MFG.&ELECTRIC	Equity	43,501
ESSENT GROUP LTD	Equity	1,819,045

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ETHAN ALLEN INTERIORS INC	Equity	245,028
EVEREST GROUP LTD	Equity	313,899
EVOLENT HEALTH INC A	Equity	26,880
EVOLUTION PETROLEUM CORP	Equity	35,995
EXLSERVICE HOLDINGS INC	Equity	4,090,792
EXPRO GROUP HOLDINGS NV	Equity	359,729
EZCORP INC CL A NON VTG	Equity	378,632
F&G ANNUITIES & LIFE INC	Equity	58,646
FARMER BROTHERS CO	Equity	7,861
FARMERS & MERCHANTS BANCO/OH	Equity	78,041
FARMERS NATL BANC CORP	Equity	147,586
FATE THERAPEUTICS INC	Equity	17,955
FB FINANCIAL CORP	Equity	539,698
FEDERAL AGRI MTG NON VTG CL C	Equity	447,352
FEDERAL SIGNAL CORP	Equity	2,675,332
FERROGLOBE PLC	Equity	52,469
FINANCIAL INSTITUTIONS INC	Equity	197,057
FIRST ADVANTAGE CORP	Equity	142,903
FIRST AMERICAN FINANCIAL CORP	Equity	1,704,714
FIRST AMERICAN FINANCIAL CORP	Equity	4,827,894
FIRST BANCORP INC ME	Equity	104,438
FIRST BANCORP NC	Equity	588,808
FIRST BANCORP PUERTO RICO	Equity	1,026,094
FIRST BANK/HAMILTON NJ	Equity	108,208
FIRST BUSEY CORP	Equity	442,898
FIRST BUSINESS FIN SVCS INC	Equity	155,135
FIRST COMMONWEALTH FINL CORP	Equity	573,712
FIRST COMMUNITY BANKSHARES INC	Equity	217,289
FIRST COMMUNITY CORP SC	Equity	58,707
FIRST FINANCIAL BANCORP	Equity	785,653
FIRST FINANCIAL CORPORATION	Equity	252,072
FIRST FINL BANKSHARES INC	Equity	102,872
FIRST FOUNDATION INC/OLD	Equity	75,651
FIRST HAWAIIAN INC	Equity	923,577
FIRST HORIZON CORP	Equity	3,414,330
FIRST INTERNET BANCORP	Equity	74,840
FIRST INTST BANCSYST INC CL A	Equity	970,219
FIRST MERCHANTS CORP	Equity	665,682
FIRST MID BANCSHARES INC	Equity	262,587

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
FIRST NORTHWEST BANCORP	Equity	8,161
FIRST SOURCE CORP	Equity	441,367
FIRST UNITED CORP	Equity	65,483
FIRST VIRGINIA COMMUNITY BANK	Equity	24,148
FIRST WATCH RESTAURANT GROUP INC	Equity	228,206
FIRST WESTERN FINANCIAL INC	Equity	69,063
FIRSTCASH HOLDINGS INC	Equity	11,635
FIRSTSUN CAPITAL BANCORP	Equity	100,598
FIVE STAR BANCORP	Equity	64,726
FLEXIBLE SOLUTIONS INTL INC	Equity	16,012
FLEXSTEEL IND	Equity	82,732
FLOOR & DECOR HOLDINGS INC	Equity	843,387
FLOWERS FOODS INC	Equity	279,224
FLOWSERVE CORP	Equity	494,055
FLOWSERVE CORP	Equity	4,532,595
FLUSHING FINANCIAL CORP	Equity	55,719
FLYWIRE CORP	Equity	36,420
FNB CORP PA	Equity	1,792,439
FONAR CORP	Equity	28,174
FORESTAR GROUP INC	Equity	368,366
FORRESTER RESEARCH INC	Equity	26,163
FORTITUDE GOLD CORP	Equity	9,222
FORTUNE BRANDS INNOVATIONS INC	Equity	1,772,809
FORUM ENERGY TECHNOLOGIES INC	Equity	113,584
FOSTER L B CO CL A	Equity	99,365
FOX FACTORY HOLDING CORP	Equity	38,018
FRANKLIN RESOURCES INC	Equity	2,556,923
FRESH DEL MONTE PRODUCE INC	Equity	594,807
FRESHPET INC	Equity	13,161
FRIEDMAN INDS INC	Equity	41,041
FRONTIER COMMUNICATIONS PARENT INC	Equity	1,915,111
FRP HOLDINGS INC	Equity	157,798
FS BANCORP INC	Equity	112,229
FTAI INFRASTRUCTURE INC	Equity	39,651
FTI CONSULTING INC	Equity	682,637
FULCRUM THERAPEUTICS INC	Equity	50,974
FULGENT GENETICS INC	Equity	124,966
FULLER H B CO	Equity	681,471
FULLER H B CO	Equity	2,186,463

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
FULTON FINANCIAL CORP	Equity	1,105,096
FUNKO INC A	Equity	39,457
FUTUREFUEL CORP	Equity	25,070
GAIA INC CL A	Equity	8,923
GAMBLING.COM GROUP LTD	Equity	27,677
GAP INC	Equity	2,435,533
GATES INDUSTRIAL CORP PLC	Equity	731,268
GATX CORP	Equity	865,978
GCI LIBERTY INC. - CL C	Equity	324,434
GCI LIBERTY INC. A	Equity	38,382
GCM GROSVENOR INC - CLASS A	Equity	2,633,089
GENCO SHIPPING & TRADING LTD	Equity	283,214
GENCOR INDUSTRIES INC	Equity	44,906
GENERAC HOLDINGS INC	Equity	474,022
GENERAC HOLDINGS INC	Equity	3,930,047
GENESCO INC	Equity	103,811
GENIE ENERGY LTD B	Equity	28,221
GENPACT LTD	Equity	1,125,667
GENTEX CORP	Equity	604,555
GENTEX CORP	Equity	3,338,687
GENTHERM INC	Equity	275,103
GENWORTH FINANCIAL INC	Equity	1,147,352
GEOSPACE TECHNOLOGIES CORP	Equity	66,676
GERMAN AMERICAN BANCORP INC	Equity	236,490
GIBRALTAR INDUSTRIES INC	Equity	437,050
G-III APPAREL GROUP LTD	Equity	453,919
GLACIER BANCORP INC	Equity	190,913
GLOBAL BUSINESS TRAVEL GROUP INC	Equity	81,036
GLOBAL INDUSTRIAL CO	Equity	50,492
GLOBANT SA	Equity	11,832
GLOBE LIFE INC	Equity	2,031,467
GLOBUS MEDICAL INC	Equity	831,628
GOHEALTH INC	Equity	1,662
GOLD.COM INC	Equity	266,441
GOLDEN ENTERTAINMENT INC	Equity	125,917
GOODRX HOLDINGS INC	Equity	46,504
GOODYEAR TIRE & RUBBER CO	Equity	756,330
GOPRO INC A	Equity	33,723
GORMAN-RUPP CO	Equity	316,965

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
GRAHAM HOLDINGS CO	Equity	860,204
GRANITE RIDGE RESOURCES INC	Equity	169,628
GRAPHIC PACKAGING HOLDING CO	Equity	1,449,179
GRAY MEDIA INC	Equity	155,509
GREAT LAKES DREDGE & DOCK CORP	Equity	310,222
GREAT SOUTHERN BANCORP INC	Equity	266,986
GREEN BRICK PARTNERS INC	Equity	592,701
GREEN DOT CORP CLASS-A	Equity	202,052
GREEN PLAINS INC	Equity	91,454
GREENBRIER COMPANIES INC	Equity	521,011
GREENLIGHT CAPITAL RE LTD A	Equity	149,620
GREIF INC CL A	Equity	531,107
GREIF INC CL B	Equity	284,644
GRID DYNAMICS HOLDINGS INC	Equity	65,242
GROCERY OUTLET HOLDING CORP	Equity	290,648
GROUP 1 AUTOMOTIVE INC	Equity	1,250,301
GROWGENERATION CORP	Equity	15,635
GUESS INC	Equity	322,873
GULF ISLAND FABRICATION INC	Equity	22,659
GULFPORT ENERGY CORP	Equity	435,531
GXO LOGISTICS INC	Equity	746,646
HAIN CELESTIAL GROUP INC	Equity	22,905
HAMILTON BEACH BRANDS HOLDING CO CLASS A	Equity	41,421
HAMILTON INSURANCE GROUP LTD	Equity	226,994
HANCOCK WHITNEY CORP	Equity	1,626,706
HANMI FINANCIAL CORPORATION	Equity	276,084
HANOVER INSURANCE GROUP INC	Equity	553,428
HANOVER INSURANCE GROUP INC	Equity	3,809,658
HARLEY-DAVIDSON INC	Equity	711,700
HARMONIC INC	Equity	118,947
HARMONY BIOSCIENCES HOLDINGS INC	Equity	266,655
HAVERTY FURNITURE COS INC	Equity	149,551
HAYWARD HOLDINGS INC	Equity	650,692
HBT FINANCIAL INC	Equity	99,962
HEALTH CATALYST INC	Equity	38,240
HEALTHCARE SERVICES GROUP INC	Equity	314,505
HEALTHSTREAM INC	Equity	206,338
HEARTLAND EXPRESS INC	Equity	222,066
HECLA MINING CO	Equity	2,529,165

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
HELEN OF TROY LTD	Equity	124,440
HELIOS TECHNOLOGIES INC	Equity	469,000
HELIX ENERGY SOL GRP INC	Equity	319,927
HELMERICH & PAYNE INC	Equity	871,643
HENRY SCHEIN INC	Equity	796,160
HERC HOLDINGS INC	Equity	696,051
HERITAGE COMMERCE CORP	Equity	254,888
HERITAGE FINANCIAL CORP WASH	Equity	253,930
HERITAGE INSURANCE HOLDINGS INC	Equity	264,481
HEXCEL CORPORATION	Equity	96,735
HF SINCLAIR CORP	Equity	2,332,293
HILLENBRAND INC	Equity	16,209
HILLMAN SOLUTIONS CORP	Equity	435,494
HILLTOP HLDGS I	Equity	525,866
HILTON GRAND VACATIONS INC	Equity	958,769
HINGHAM INSTITUTION FOR SAVING	Equity	172,932
HNI CORP	Equity	645,650
HOLLEY INC	Equity	40,870
HOME BANCORP INC	Equity	173,342
HOME BANCSHARES INC	Equity	783,896
HOMETRUST BANCSHARES INC	Equity	219,466
HONEST CO INC (THE)	Equity	12,905
HOOKER FURNISHINGS CORP	Equity	3,805
HOPE BANCORP INC	Equity	403,175
HORACE MANN EDUCATORS CORP	Equity	602,372
HORIZON BANCORP INC INDIANA	Equity	225,517
HORMEL FOODS CORP	Equity	1,188,223
HOVNANIAN ENTERPRISES INC CL A	Equity	152,650
HOWARD HUGHES HOLDINGS INC	Equity	1,190,089
HUB GROUP INC CL A	Equity	759,268
HUDSON TECHNOLOGIES INC	Equity	95,996
HUNTINGTON INGALLS INDUSTRIES INC	Equity	857,657
HUNTSMAN CORP	Equity	297,970
HURCO INC	Equity	17,922
HYSTER-YALE INC	Equity	126,119
IBEX LTD	Equity	94,266
ICF INTERNATIONAL INC	Equity	361,075
ICF INTERNATIONAL INC	Equity	2,543,817
ICHOR HOLDINGS LTD	Equity	174,256

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ICON PLC	Equity	949,366
ICU MEDICAL INC	Equity	644,012
IDEX CORPORATION	Equity	686,848
INDEPENDENT BANK CORP	Equity	243,845
INDEPENDENT BANK CORP MASS	Equity	756,086
INFORMATION SVCS GROUP INC	Equity	75,331
INFUSYSTEM HOLDINGS INC	Equity	33,781
INGLES MARKETS INC-CL A	Equity	378,465
INGREDION INC	Equity	1,918,414
INNOSPEC INC	Equity	535,933
INNOVEX INTERNATIONAL INC	Equity	267,754
INNOVIVA INC	Equity	497,191
INOGEN INC	Equity	30,475
INOTIV INC	Equity	1,572
INSIGHT ENTERPRISES INC	Equity	225,265
INSTEEL INDUSTRIES INC	Equity	215,134
INSTIL BIO INC	Equity	17,908
INTEGER HOLDINGS CORP	Equity	568,382
INTEGER HOLDINGS CORP	Equity	1,707,735
INTEGRA LIFESCIENCES HLDS CORP	Equity	166,204
INTERFACE INC	Equity	398,670
INTERNATIONAL BANCSHARES CORP	Equity	1,228,808
INTERNATIONAL MONEY EXPRESS INC	Equity	38,508
INTERNATIONAL SEAWAYS INC	Equity	810,639
INTERPARFUMS INC	Equity	52,255
INTEST CORP	Equity	39,008
INTREPID POTASH INC	Equity	130,081
INVESCO LTD **	Equity	3,255,720
INVESTAR HOLDING CORP	Equity	69,071
INVESTORS TITLE CO	Equity	139,549
IPG PHOTONICS CORP	Equity	647,049
ITRON INC	Equity	352,682
J JILL INC	Equity	25,300
J&J SNACKS FOOD CORP	Equity	189,144
JACKSON FINANCIAL INC	Equity	2,504,035
JAKKS PACIFIC INC	Equity	54,641
JAMES RIVER GROUP HOLDINGS INC	Equity	36,074
JANUS HENDERSON GROUP PLC	Equity	1,897,805
JANUS HENDERSON GROUP PLC	Equity	2,053,169

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
JANUS INTERNATIONAL GROUP INC	Equity	129,773
JAZZ PHARMA PLC	Equity	1,333,990
JBT MAREL CORP	Equity	2,334,933
JELD-WEN HOLDING INC	Equity	49,222
JM SMUCKER CO/THE	Equity	2,394,682
JM SMUCKER CO/THE	Equity	4,634,336
JOHNSON OUTDOORS INC CL A	Equity	62,274
JONES LANG LASALLE INC	Equity	1,625,487
JONES LANG LASALLE INC	Equity	5,799,060
KAISER ALUM CORP	Equity	437,961
KB HOME	Equity	991,237
KEARNY FINANCIAL CORP	Equity	173,587
KELLY SERVICES INC CL A	Equity	84,471
KEMPER CORP	Equity	548,425
KENNAMETAL INC	Equity	739,683
KENNAMETAL INC	Equity	2,054,526
KENNEDY-WILSON HOLDINGS INC	Equity	368,301
KESTREL GROUP	Equity	4,567
KEWAUNEE SCIENTIFIC CORP	Equity	27,646
KIMBALL ELECTRONICS INC	Equity	272,163
KIRBY CORP	Equity	747,461
KNIFE RIVER HOLDING CO W/I	Equity	27,085
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC	Equity	2,465,263
KNOWLES CORP	Equity	596,847
KODIAK GAS SERVICES INC	Equity	569,116
KOHLS CORP	Equity	755,537
KOPPERS HLDGS INC	Equity	195,382
KORN FERRY	Equity	1,005,485
KOSMOS ENERGY LTD	Equity	62,666
KRISPY KREME INC	Equity	116,773
KRONOS WORLDWIDE INC	Equity	90,455
KULICKE & SOFFA INDUSTRIES INC	Equity	325,435
KVH INDUSTRIES INC	Equity	28,354
LA Z BOY INC	Equity	543,657
LA Z BOY INC	Equity	3,459,513
LABCORP HOLDINGS INC	Equity	3,203,988
LAKELAND FINANCIAL CORP	Equity	49,928
LAKELAND INDUSTRIES INC	Equity	23,629
LANDMARK BANCORP INC	Equity	12,126

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
LANDS END INC	Equity	136,110
LANTHEUS HLDGS INC	Equity	193,394
LANTHEUS HLDGS INC	Equity	1,653,435
LANTRONIX INC	Equity	43,868
LATHAM GROUP INC	Equity	81,197
LAZARD INC	Equity	5,399,338
LCI INDUSTRIES	Equity	823,413
LCNB CORPORATION	Equity	60,545
LEAR CORP NEW	Equity	1,774,123
LEGACY HOUSING CORP	Equity	131,174
LEGGETT & PLATT INC	Equity	73,084
LENDINGCLUB CORP	Equity	633,827
LGI HOMES INC	Equity	322,973
LIBERTY ENERGY INC CL A	Equity	996,489
LIBERTY GLOBAL LTD C	Equity	372,192
LIBERTY GLOBAL LTD CL A	Equity	406,543
LIBERTY LATIN AMERICA LTD CL A	Equity	117,072
LIBERTY LATIN AMERICA LTD CL C	Equity	397,812
LIBERTY LIVE HOLDINGS INC A	Equity	46,863
LIBERTY LIVE HOLDINGS INC C	Equity	35,426
LIFE TIME GROUP HOLDINGS INC	Equity	686,827
LIFESTANCE HEALTH GROUP INC	Equity	187,215
LIFETIME BRANDS INC	Equity	21,208
LIMONEIRA CO	Equity	39,554
LINCOLN EDUCATIONAL SERVICES	Equity	82,955
LINCOLN NATIONAL CORP	Equity	887,706
LINDSAY CORP	Equity	99,718
LIONSGATE STUDIOS CORP	Equity	94,496
LITHIA MOTORS INC CL A	Equity	2,535,013
LITTELFUSE INC	Equity	223,581
LITTELFUSE INC	Equity	3,738,158
LIVANOVA PLC	Equity	519,744
LIVE OAK BANCSHARES INC	Equity	276,552
LIVERAMP HOLDINGS INC	Equity	411,767
LKQ CORP	Equity	1,094,025
LOUISIANA PACIFIC CORP	Equity	81,487
LOVESAC	Equity	59,974
LSB INDUSTRIES INC	Equity	154,785
LSI INDUSTRIES INC	Equity	202,161

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
LUXFER HOLDINGS PLC	Equity	107,969
LYONDELLBASELL INDS CLASS A	Equity	-
M/I HOMES INC	Equity	955,275
MACYS INC	Equity	1,812,422
MADISON SQUARE GARDEN ENTERTAINMENT CORP	Equity	7,962,733
MADISON SQUARE GARDEN SPORTS CORP	Equity	4,639,405
MAGNACHIP SEMICONDUCTOR	Equity	30,580
MAGNOLIA OIL & GAS CORPO CL A	Equity	1,004,773
MAGNOLIA OIL & GAS CORPO CL A	Equity	2,883,635
MAINSTREET BANCSHARES INC	Equity	23,190
MALIBU BOATS INC CL A	Equity	174,620
MANCHESTER UNITED PLC	Equity	2,780,380
MANITOWOC CO INC	Equity	171,589
MANNATECH INC	Equity	1,229
MANPOWERGROUP INC	Equity	310,679
MAPLEBEAR INC	Equity	603,002
MARCUS &MILLICHAP CO INC	Equity	227,653
MARCUS CORP	Equity	157,969
MARINE PRODS CORP	Equity	32,596
MARINEMAX INC	Equity	40,828
MARRIOTT VACATIONS WORLD	Equity	590,284
MARTEN TRANSPORT LTD	Equity	266,520
MASCO CORPORATION	Equity	1,901,706
MASTERBRAND INC	Equity	376,387
MASTERCRAFT BOAT HOLDINGS INC	Equity	62,989
MATADOR RESOURCES COMPANY	Equity	1,529,835
MATADOR RESOURCES COMPANY	Equity	2,484,735
MATERION CORP	Equity	755,741
MATIV INC	Equity	222,746
MATSON INC	Equity	1,181,756
MATTEL INC	Equity	1,384,276
MATTEL INC	Equity	4,574,767
MATTHEWS INTL CORP CL A	Equity	290,063
MAXCYTE INC	Equity	13,452
MAXIMUS INC	Equity	830,312
MAYVILLE ENGINEERING CO INC	Equity	106,180
MCGRATH RENTCORP	Equity	597,366
MDU RESOURCES GROUP INC	Equity	974,497

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
MECHANICS BANCORP	Equity	87,312
MEDIFAST INC	Equity	18,722
MERCANTILE BANK CORP	Equity	269,889
MERCER INTERNATIONAL INC	Equity	50,595
MERCHANTS BANCORP	Equity	276,772
MERCURY GENERAL CORP	Equity	1,418,049
MERCURY SYSTEMS INC	Equity	30,883
MERIDIAN CORP	Equity	58,243
MERITAGE HOMES CORP	Equity	916,989
MESA LABORATORIES INC	Equity	45,216
METALLUS INC	Equity	243,569
METHODE ELECTRONICS INC	Equity	65,404
METROCITY BANKSHARES INC	Equity	87,343
METROPOLITAN BANK HOLDING CORP	Equity	231,524
MGIC INVESTMENT CORP	Equity	2,161,812
MGP INGREDIENTS INC	Equity	40,581
MID PENN BANCORP INC	Equity	142,785
MIDDLEBY CORP	Equity	594,680
MIDDLEBY CORP	Equity	3,785,882
MIDLAND STATES BANCORP INC	Equity	110,380
MIDWESTONE FINANCIAL GRP INC	Equity	44,160
MILLER INDUSTRIES INC TENN	Equity	168,950
MILLERKNOLL INC	Equity	360,847
MINERALS TECHNOLOGIES INC	Equity	610,902
MIRION TECHNOLOGIES INC-A	Equity	27,565
MISSION PRODUCE INC	Equity	235,909
MISTER CAR WASH INC	Equity	166,705
MISTRAS GROUP INC	Equity	120,555
MITEK SYSTEMS INC	Equity	99,634
MKS INC	Equity	160,439
MOBILEYE GLOBAL INC A	Equity	38,304
MOHAWK INDUSTRIES INC	Equity	1,975,160
MOHAWK INDUSTRIES INC	Equity	4,546,115
MOLINA HEALTHCARE INC	Equity	1,474,916
MOLSON COORS BEVERAGE CO B	Equity	2,564,272
MONARCH CASINO & RESORT INC	Equity	86,321
MONRO INC	Equity	174,168
MONTAUK RENEWABLES INC	Equity	18,213
MONTROSE ENVIRONMENTAL GROUP INC	Equity	55,818

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
MOSAIC CO NEW	Equity	2,051,842
MOTORCAR PARTS OF AMERICA INC	Equity	106,099
MOVADO GROUP INC	Equity	131,947
MSC INDUSTRIAL DIRECT CO CL A	Equity	341,614
MUELLER INDUSTRIES INC	Equity	1,233,411
MURPHY OIL CORP	Equity	1,291,750
MURPHY USA INC	Equity	3,400,867
MVB FINANCIAL CORP	Equity	93,892
MYERS INDUSTRIES	Equity	197,365
N-ABLE INC	Equity	145,202
NABORS INDUSTRIES LTD	Equity	109,577
NACCO INDUSTRIES INC CL A	Equity	104,897
NATIONAL BANKSHARES INC VA	Equity	53,212
NATIONAL BK HLDGS CORP	Equity	403,780
NATIONAL CINEMEDIA INC	Equity	76,341
NATIONAL ENERGY SERVICES REUNITED CORP	Equity	273,925
NATIONAL HEALTHCARE CORP	Equity	667,902
NATIONAL PRESTO INDS	Equity	261,562
NATIONAL VISION HOLDINGS INC	Equity	598,740
NATURAL GAS SERVICES GROUP	Equity	163,034
NATURES SUNSHINE PRODUCTS INC	Equity	141,889
NAVIENT CORP	Equity	324,636
NB BANCORP INC	Equity	19,146
NBT BANCORP INC	Equity	614,288
NCINO INC	Equity	105,098
NCR VOYIX CORP	Equity	218,627
NELNET INC CL A	Equity	1,194,114
NEOGEN CORP	Equity	367,499
NERDWALLET INC A	Equity	84,606
NETGEAR INC	Equity	193,762
NETSCOUT SYSTEMS INC	Equity	673,118
NETSTREIT CORP	Equity	2,241,956
NETWORK-1 TECHNOLOGIES INC	Equity	-
NEW JERSEY RESOURCES CORP	Equity	751,249
NEWELL BRANDS INC	Equity	450,622
NEWMARK GROUP INC CL A	Equity	297,156
NEXA RESOURCES SA	Equity	83,579
NEXSTAR MEDIA GROUP INC	Equity	1,768,972
NICOLET BANKSHARES INC	Equity	503,516

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
NL INDUSTRIES	Equity	20,305
NMI HOLDINGS INC	Equity	1,092,234
NOBLE CORP PLC	Equity	805,235
NORDIC AMERICAN TANKER LTD	Equity	230,924
NORTHEAST BANK	Equity	295,369
NORTHEAST COMMUNITY BANCORP INC	Equity	79,994
NORTHERN OIL AND GAS INC	Equity	619,002
NORTHERN TRUST CORP	Equity	5,637,069
NORTHFIELD BANCORP INC NEW	Equity	182,663
NORTHRIM BANCORP INC	Equity	175,307
NORTHWEST BANCSHARES INC	Equity	423,492
NORWEGIAN CRUISE LINE HLDGS LTD	Equity	6,453,248
NORWOOD FINANCIAL CORP	Equity	32,538
NOV INC	Equity	1,663,079
NPK INTERNATIONAL INC	Equity	346,348
NU SKIN ENTERPRISES INC CL A	Equity	128,562
NWPX INFRASTRUCTURE INC	Equity	250,960
OAK VALLEY BANCORP	Equity	43,467
OCEANEERING INTERNATIONAL INC	Equity	404,881
OCEANFIRST FINANCIAL CORP	Equity	345,591
OCTAVE SPECIALTY GROUP INC	Equity	88,303
OFG BANCORP	Equity	658,590
O-I GLASS INC	Equity	630,724
OIL STATES INTERNATIONAL INC	Equity	131,446
OIL-DRI CORP OF AMERICA	Equity	162,677
OLD NATIONAL BANCORP (IND)	Equity	2,059,124
OLD NATIONAL BANCORP (IND)	Equity	3,703,460
OLD REPUBLIC INTL CORP	Equity	1,460,799
OLD SECOND BANCORP	Equity	263,094
OLIN CORP	Equity	589,343
OLYMPIC STEEL INC	Equity	211,743
OMNIAB INC	Equity	67,632
OMNIAB INC - 12.5 EARNOUT	Equity	321
OMNIAB INC - 15.00 EARNOUT	Equity	246
OMNICELL INC	Equity	439,818
OMNICOM GROUP INC	Equity	1,401,093
OMNICOM GROUP INC	Equity	3,035,796
ON24 INC	Equity	86,804
ONEMAIN HOLDINGS INC	Equity	2,114,518

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ONESPAN INC	Equity	51,360
ONESPAWORLD HOLDINGS LTD	Equity	5,969,802
ONEWATER MARINE CL A	Equity	42,036
ONITY GROUP INC	Equity	113,651
OP BANCORP	Equity	60,730
OPENLANE INC	Equity	999,149
OPKO HEALTH INC	Equity	33,078
OPORTUN FIN CORP	Equity	50,340
OPPENHEIMER HLDGS CL A NON-VTG	Equity	217,087
OPTIMIZERX CORP	Equity	36,633
ORANGE COUNTY BANCORP INC	Equity	15,931
ORASURE TECHNOLOGIES INC	Equity	54,779
ORGANOGENESIS HOLDINGS INC CL A	Equity	42,523
ORGANON & CO	Equity	42,346
ORIGIN BANCORP INC	Equity	290,725
ORION GROUP HOLDINGS INC	Equity	108,058
ORION SA	Equity	83,699
ORMAT TECHNOLOGIES INC	Equity	712,752
ORRSTOWN FINANCIAL SERVICES	Equity	171,539
ORTHOFIX MEDICAL INC	Equity	89,262
ORTHOPEDIATRICS CORP	Equity	63,599
OSHKOSH CORP	Equity	1,410,574
OVINTIV INC	Equity	2,675,266
OWENS AND MINOR INC	Equity	26,989
OWENS CORNING INC	Equity	1,901,463
OXFORD INDUSTRIES	Equity	152,600
PACIRA BIOSCIENCES INC	Equity	117,340
PAMT CORP	Equity	51,304
PANGAEA LOGISTICS SOLUTIONS LTD	Equity	132,502
PAR PACIFIC HOLDINGS INC	Equity	407,729
PARAMOUNT SKYDANCE CORP	Equity	176,867
PARAMOUNT SKYDANCE CORP	Equity	1,466,402
PARK AEROSPACE CORP	Equity	127,635
PARK NATIONAL CORP	Equity	561,088
PARK OHIO HLDGS CORP	Equity	96,366
PARKE BANCORP INC	Equity	93,750
PATHWARD FINANCIAL INC	Equity	474,280
PATRICK INDUSTRIES INC	Equity	1,151,743
PATRICK INDUSTRIES INC	Equity	2,284,078

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
PATTERSON-UTI ENERGY INC	Equity	769,836
PAYSAFE LTD	Equity	139,294
PBF ENERGY INC CL A	Equity	30,510
PC CONNECTION INC	Equity	499,508
PCB BANCORP	Equity	100,543
PDL BIOPHARMA INC	Equity	1
PEABODY ENERGY CORP	Equity	772,764
PEAPACK GLADSTONE FINL CORP	Equity	176,346
PEDIATRIX MEDICAL GROUP INC	Equity	446,238
PENGUIN SOLUTIONS INC	Equity	282,935
PENN ENTERTAINMENT INC	Equity	76,936
PENNANT GROUP INC	Equity	192,968
PENNYMAC FINANCIAL SERVICES INC	Equity	1,548,593
PENSKE AUTOMOTIVE GROUP INC	Equity	1,256,506
PEOPLES BANCORP INC	Equity	354,444
PEOPLES BANCORP OF NC	Equity	12,670
PEOPLES FINANCIAL SERV CORP	Equity	139,213
PERDOCEO EDUCATION CORP	Equity	692,657
PERFORMANCE FOOD GROUP CO	Equity	808,111
PERIMETER SOLUTIONS INC	Equity	509,993
PERMA PIPE INTERNATIONL HOLDINGS INC	Equity	50,580
PERMIAN RESOURCES CORP CL A	Equity	2,885,957
PERRIGO CO PLC	Equity	558,192
PERSONALIS INC	Equity	17,456
PETCO HEALTH AND WELLNESS CO INC	Equity	154,553
PETMED EXPRESS INC	Equity	12,093
PHINIA INC	Equity	836,285
PHOTRONIC INC	Equity	666,880
PILGRIM’S PRIDE CORP NEW	Equity	1,128,176
PINNACLE FINL PARTNERS INC	Equity	1,245,291
PLEXUS CORP	Equity	1,274,343
PLEXUS CORP	Equity	4,356,345
PLIANT THERAPEUTICS INC	Equity	12,224
POLARIS INC	Equity	426,495
PONCE FINANCIAL GROUP INC	Equity	116,690
POPULAR INC	Equity	1,947,119
PORTILLO’S INC.	Equity	86,873
POST HOLDINGS INC	Equity	951,375
POWERFLEET INC	Equity	94,148

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
PRA GROUP INC	Equity	169,665
PREFERRED BANK LOS ANGELES	Equity	357,134
PREFORMED LINE PRODUCTS CO	Equity	373,112
PRESTIGE CONSUMER HEALTHCARE INC	Equity	715,851
PRESTIGE CONSUMER HEALTHCARE INC	Equity	5,347,598
PRICESMART INC	Equity	1,058,887
PRIMEENERGY RESOURCES CORP	Equity	92,682
PRIMIS FINANCIAL CORP	Equity	64,890
PRIMO BRANDS CORP A	Equity	1,821,063
PRINCETON BANCORP INC	Equity	39,338
PROASSURANCE CORPORATION	Equity	371,267
PROG HOLDINGS INC	Equity	89,414
PROPETRO HOLDING CORP	Equity	375,474
PROSPERITY BANCSHARES INC	Equity	1,823,329
PROTECH HOME MEDICAL CORP	Equity	17,177
PROTO LABS INC	Equity	391,465
PROVIDENT FINANCIAL HLDGS INC	Equity	18,535
PROVIDENT FINANCIAL SVCS INC	Equity	764,898
PUBMATIC INC CL A	Equity	99,521
PUMA BIOTECHNOLOGY INC	Equity	67,277
PURSUIT ATTRACTIONS AND HOSPITALITY INC	Equity	59,984
PVH CORP	Equity	1,179,954
PYXIS ONCOLOGY INC	Equity	6,057
QCR HOLDINGS INC	Equity	477,309
QORVO INC	Equity	308,123
QUAKER HOUGHTON	Equity	447,356
QUANEX BUILDING PRODUCTS	Equity	58,629
QUANTERIX CORP	Equity	34,172
QUEST RESOURCE HOLDING CORP	Equity	5,597
QUIDELORTHO CORP	Equity	479,722
RADIAN GROUP INC	Equity	1,123,860
RADIANT LOGISTICS INC	Equity	124,334
RAMACO RESOURCES INC	Equity	25,938
RANGE RESOURCES CORP	Equity	1,448,939
RANGER ENERGY SERVICES INC CL A	Equity	92,687
RANPAK HOLDINGS CORP A	Equity	34,884
RAYONIER ADVANCED MATERIALS	Equity	115,609
RBB BANCORP	Equity	120,496
RCI HOSPITALITY HOLDINGS INC	Equity	50,684

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
RE/MAX HOLDINGS INC CL A	Equity	67,263
RED RIVER BANCSHARES INC	Equity	59,358
REGAL REXNORD CORP	Equity	2,214,250
REGENXBIO INC	Equity	5,155
REGIONAL MANAGEMENT CORP	Equity	140,740
REINSURANCE GROUP OF AMERICA	Equity	1,729,410
RELIANCE INC	Equity	560,119
RENAISSANCERE HLDGS LTD	Equity	2,373,834
RENASANT CORP	Equity	717,044
REPAY HOLDINGS CORP	Equity	91,506
REPUBLIC BANCORP INC KY CL A	Equity	326,737
RESIDEO TECHNOLOGIES INC	Equity	1,602,280
RESIDEO TECHNOLOGIES INC	Equity	4,787,067
RESOURCES CONNECTION INC	Equity	37,155
REVVITY INC	Equity	1,752,723
REX AMERICAN RESOURCES CORP	Equity	418,479
REYNOLDS CONSUMER PRODUCTS INC	Equity	699,908
RF INDUSTRIES LTD	Equity	1,220
RIBBON COMMUNICATIONS INC	Equity	128,802
RICHARDSON ELECTRONICS LTD	Equity	11,576
RICHMOND MUTUAL BANCORPORATION INC	Equity	9,505
RILEY EXPLORATION PERMIAN INC	Equity	153,912
RIVERVIEW BANCORP INC	Equity	38,433
RLI CORP	Equity	257,903
RMR GROUP INC W/I CL A	Equity	36,907
ROBERT HALF INC	Equity	177,572
ROCKY BRANDS INC	Equity	96,936
ROGERS CORP	Equity	130,579
RPC INC	Equity	342,149
RUSH ENTERPRISES INC CL A	Equity	1,022,055
RUSH ENTERPRISES INC CL B	Equity	279,950
RYDER SYSTEM INC	Equity	2,229,885
RYERSON HOLDING CORP	Equity	267,551
S & T BANCORP	Equity	475,702
SAFETY INSURANCE GROUP INC	Equity	300,109
SAGA COMMUNICATIONS INC CL A	Equity	1,312
SAIA INC	Equity	859,401
SAIA INC	Equity	2,237,968
SALLY BEAUTY HLDGS INC	Equity	421,469

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
SANDRIDGE ENERGY INC	Equity	164,242
SANFILIPPO (JOHN B) & SON INC.	Equity	117,690
SANMINA CORP	Equity	1,214,967
SCANSOURCE INC	Equity	382,046
SCHNEIDER NATIONAL INC CL B	Equity	711,004
SCHOLASTIC CORP	Equity	302,848
SCIENCE APPLICATIONS INTERNATIONAL CORP	Equity	640,902
SCORPIO TANKERS INC	Equity	947,980
SCRIPPS (EW) CO CL A	Equity	111,660
SEABOARD CORP	Equity	1,102,315
SEACOAST BANKING CORP FLORIDA	Equity	534,737
SEACOR MARINE HOLDINGS INC	Equity	49,755
SEADRILL LTD	Equity	579,446
SEAPORT ENTERTAINMENT GROUP INC	Equity	75,383
SECURITY NATL FINL CORP CL A	Equity	13,065
SELECT MEDICAL HLDGS CORP	Equity	437,956
SELECT WATER SOLUTIONS INC CL A	Equity	349,885
SELECTIVE INSURANCE GROUP INC	Equity	199,469
SELECTQUOTE INC	Equity	39,161
SENECA FOODS CORP CL A	Equity	247,037
SENSATA TECHNOLOGIES HOLDING PLC	Equity	1,017,908
SERVICE CORP INTERNATIONAL INC	Equity	2,504,786
SERVISFIRST BANCSHARES INC	Equity	73,513
SFL CORP LTD	Equity	346,780
SHENANDOAH TELECOM CO	Equity	182,787
SHOALS TECHNOLOGIES GROUP INC	Equity	151,666
SHOE CARNIVAL	Equity	185,697
SHORE BANCSHARES INC	Equity	178,568
SHUTTERSTOCK INC	Equity	58,790
SIERRA BANCORP	Equity	177,910
SIGA TECHNOLOGIES INC	Equity	69,886
SIGNET JEWELERS LTD	Equity	976,326
SILGAN HOLDINGS INC	Equity	1,401,929
SILVERCREST ASSET MGMT GRP INC CL A	Equity	24,942
SIMMONS 1ST NATL CORP CL A	Equity	364,371
SIMPLY GOOD FOODS CO	Equity	587,701
SIMPLY GOOD FOODS CO	Equity	2,212,997
SIMULATIONS PLUS INC	Equity	46,906
SINCLAIR INC CL A	Equity	121,207

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
SIRIUS XM HOLDINGS INC	Equity	193,692
SIRIUSPOINT LTD	Equity	811,025
SKILLSOFT CORP	Equity	7,068
SKYWEST INC	Equity	1,501,330
SKYWORKS SOLUTIONS INC	Equity	420,408
SLM CORP	Equity	587,662
SM ENERGY CO	Equity	678,754
SMART SAND INC	Equity	7,548
SMARTFINANCIAL INC	Equity	188,057
SMITH & WESSON BRANDS INC	Equity	187,737
SOLARIS ENERGY INFRASTRUCTURE INC CL A	Equity	35,765
SOLID POWER INC	Equity	25,003
SOLSTICE ADVANCED MATERIALS INC	Equity	325,000
SONIC AUTOMOTIVE INC CL A	Equity	515,851
SONOCO PRODUCTS CO	Equity	711,245
SOUTH PLAINS FINANCIAL INC	Equity	144,375
SOUTHERN FIRST BANCSHARES INC	Equity	139,259
SOUTHERN MISSOURI BANCORP INC	Equity	200,062
SOUTHSIDE BANCSHARES INC	Equity	245,490
SOUTHSTATE BANK CORP	Equity	2,631,316
SPECTRUM BRANDS HOLDINGS INC	Equity	418,759
SPHERE ENTERTAINMENT CO	Equity	8,044,338
SPOK HOLDINGS INC	Equity	75,513
SPORTSMANS WHSE HLDGS INC	Equity	24,693
SR BANCORP INC	Equity	14,260
STAAR SURGICAL CO NEW	Equity	71,902
STAGWELL INC	Equity	62,303
STANDARD MOTOR PRODUCTS INC	Equity	304,418
STANDEX INTL CORP	Equity	250,089
STANLEY BLACK & DECKER INC	Equity	2,115,792
STAR EQUITY HOLDINGS INC	Equity	2,194
STARZ ENTERTAINMENT CORP	Equity	8,073
STELLAR BANCORP INC	Equity	342,196
STEPAN CO	Equity	311,960
STERLING BANCORP INC/MI	Equity	-
STEVEN MADDEN LTD	Equity	530,285
STEWART INFORMATION SERVICES	Equity	601,566
STIFEL FINANCIAL CORP	Equity	509,019
STIFEL FINANCIAL CORP	Equity	5,810,834

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
STOCK YARDS BANCORP INC	Equity	121,781
STONERIDGE INC	Equity	60,384
STONEX GROUP INC	Equity	59,837
STRATEGIC EDUCATION INC	Equity	592,518
STRATTEC SEC CORP	Equity	101,647
STRATUS PROPERTIES INC	Equity	36,754
STRIDE INC	Equity	261,278
STURM RUGER & CO INC	Equity	91,975
SUN COUNTRY AIRLINES HOLDINGS INC	Equity	223,952
SUNCOKE ENERGY INC	Equity	227,657
SUNRISE COMMUNICAT-CL A ADS UNSPON ADR	Equity	-
SUPERIOR GROUP OF COS INC	Equity	52,882
SUPERNUS PHARMACEUTICALS INC	Equity	721,893
SURGERY PARTNERS INC	Equity	378,880
SYLVAMO CORP	Equity	290,056
SYNAPTICS INC	Equity	120,653
SYNOVUS FINANCIAL CORP.	Equity	885,034
SYNOVUS FINANCIAL CORP.	Equity	3,591,638
TACTILE SYSTEMS TECHNOLOGY INC	Equity	183,831
TALOS ENERGY INC	Equity	601,383
TARGET HOSPITALITY CORP	Equity	71,033
TAYLOR DEVICES INC	Equity	31,510
TAYLOR MORRISON HOME CORP	Equity	2,098,892
TD SYNNEX CORP	Equity	3,643,829
TD SYNNEX CORP	Equity	4,312,653
TECNOGLASS INC	Equity	12,580
TEEKAY CORP LTD	Equity	266,719
TEEKAY TANKERS LTD CL A	Equity	580,569
TEGNA INC	Equity	975,644
TEJON RANCH CO	Equity	120,956
TELADOC HEALTH INC	Equity	293,986
TELEFLEX INC	Equity	103,124
TELEPHONE & DATA SYSTEMS INC	Equity	1,343,939
TENAYA THERAPEUTICS INC	Equity	1,437
TENNANT CO	Equity	137,893
TEREX CORP	Equity	1,021,747
TETRA TECHNOLOGIES INC	Equity	211,565
TEXAS CAPITAL BANCSHARES INC	Equity	1,393,773
TEXTRON INC	Equity	1,092,850

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
TFS FINANCIAL CORP	Equity	110,184
THE CAMPBELL’S COMPANY	Equity	2,162,155
THERMON GROUP HOLDINGS INC	Equity	435,367
THIRD COAST BANCSHARES INC	Equity	124,825
THIRD HARMONICS BIO INC	Equity	-
THOR INDUSTRIES INC	Equity	1,596,108
TIC SOLUTIONS INC	Equity	167,866
TIDEWATER INC	Equity	365,440
TIDEWATER INC	Equity	1,712,794
TIMBERLAND BANCORP INC	Equity	93,116
TIMKEN CO	Equity	732,183
TIPTREE INC	Equity	254,976
TITAN INTERNATIONAL INC	Equity	170,929
TITAN MACHINERY INC	Equity	83,773
TOLL BROTHERS INC	Equity	3,563,453
TOMPKINS FINANCIAL CORP	Equity	258,751
TOOTSIE ROLL INDUSTRIES INC	Equity	142,601
TOPGOLF CALLAWAY BRANDS CORP	Equity	509,559
TOWNE BANK	Equity	741,248
TRANSCAT INC	Equity	69,381
TRANSOCEAN LTD	Equity	895,818
TREDEGAR CORP	Equity	78,449
TREEHOUSE FOODS INC	Equity	423,346
TRI POINTE HOMES INC	Equity	1,000,809
TRICO BANCSHARES	Equity	394,971
TRIMAS CORP	Equity	416,963
TRIMBLE INC	Equity	3,776,078
TRINITY INDUSTRIES INC	Equity	798,647
TRIPADVISOR INC	Equity	261,774
TRIUMPH FINANCIAL INC	Equity	253,276
TRONOX HOLDINGS PLC	Equity	200,719
TRUBRIDGE INC	Equity	83,954
TRUEBLUE INC	Equity	19,756
TRUECAR INC	Equity	80,955
TRUSTCO BANK CORP NY	Equity	316,092
TRUSTMARK CORP	Equity	780,792
TTEC HOLDINGS INC	Equity	17,917
TTM TECHNOLOGIES INC	Equity	1,792,413
TUTOR PERINI CORP	Equity	232,224

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
TWIN DISC INC	Equity	59,214
UFP INDUSTRIES INC	Equity	658,838
U-HAUL HOLDING CO	Equity	199,069
U-HAUL HOLDING CO	Equity	1,484,462
ULTRALIFE CORP	Equity	32,930
UMB FINANCIAL CORP	Equity	1,583,296
UNDER ARMOUR INC CL A	Equity	222,740
UNDER ARMOUR INC CL C	Equity	233,342
UNIFI INC	Equity	14,714
UNIFIRST CORP	Equity	782,595
UNITED BANKSHARES INC. W VA.	Equity	1,525,478
UNITED COMMUNITY BANKS GA	Equity	1,067,100
UNITED FIRE GROUP INC	Equity	272,080
UNITED NATURAL FOODS INC	Equity	632,323
UNITY BANCORP INC	Equity	167,211
UNIVERSAL CORP	Equity	453,914
UNIVERSAL ELECTRONICS INC	Equity	20,960
UNIVERSAL HEALTH SVCS INC CL B	Equity	2,677,068
UNIVERSAL INSURANCE HLDGS INC	Equity	342,969
UNIVERSAL LOGISTICS HOLDINGS INC	Equity	115,368
UNIVEST FINANCIAL CORP	Equity	378,376
UNUM GROUP	Equity	2,428,385
UPBOUND GROUP INC	Equity	235,796
URBAN ONE INC CL A	Equity	4,435
URBAN OUTFITTERS	Equity	1,151,327
US FOODS HOLDING CORP	Equity	4,759,170
US PHYSICAL THERAPY INC	Equity	186,557
USANA HEALTH SCIENCES INC	Equity	111,636
UTAH MEDICAL PRODUCTS INC	Equity	43,649
UTZ BRANDS INC A	Equity	110,277
V2X INC	Equity	386,269
VAALCO ENERGY INC	Equity	110,092
VALARIS LTD	Equity	1,040,206
VALLEY NATL BANCORP	Equity	1,830,209
VANDA PHARMACEUTICALS INC	Equity	75,093
VAREX IMAGING CORP	Equity	77,542
VEECO INSTRUMENT	Equity	357,936
VELOCITY FINANCIAL INC	Equity	164,087
VENTYX BIOSCIENCES INC	Equity	34,865

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
VERA BRADLEY INC	Equity	30,598
VERACYTE INC	Equity	900,266
VESTIS	Equity	242,675
VIASAT INC	Equity	895,891
VIATRIS INC	Equity	3,835,496
VICARIOUS SURGICAL INC	Equity	460
VICTORY CAPITAL HOLDINGS INC CL A	Equity	103,720
VILLAGE SUPER MKT INC CL A NEW	Equity	160,233
VIPER ENERGY INC A	Equity	249,395
VIRCO MANUFACTURING CORP	Equity	27,528
VIRGINIA NATIONAL BANK CORP	Equity	28,413
VIRTRA INC	Equity	15,565
VIRTUS INVESTMENT PARTNERS	Equity	252,556
VISHAY INTERTECHNOLOGY INC	Equity	401,692
VISHAY PRECISION GROUP INC	Equity	167,360
VISTEON CORP	Equity	549,298
VITESSE ENERGY INC	Equity	169,276
VIVID SEATS INC-CL A	Equity	3,396
VOYA FINANCIAL INC	Equity	698,791
VOYAGER THERAPEUTICS INC	Equity	44,680
VSE CORP	Equity	350,723
WABASH NATIONAL CORP	Equity	76,345
WAFD INC	Equity	842,261
WALKER & DUNLOP INC	Equity	393,201
WARRIOR MET COAL INC	Equity	451,519
WASHINGTON TR BANCORP INC	Equity	98,224
WATERSTONE FINANCIAL INC	Equity	172,898
WAYSTAR HOLDING CORP	Equity	43,885
WEATHERFORD INTERNATIONAL PLC	Equity	498,829
WEBSTER FINANCIAL	Equity	2,900,590
WEIS MARKETS INC	Equity	589,436
WERNER ENTERPRISES INC	Equity	557,016
WESBANCO INC	Equity	783,234
WESCO INTERNATIONAL INC	Equity	3,461,167
WEST BANCORPORATION INC	Equity	101,142
WESTAMERICA BANCORPORATION	Equity	143,394
WESTERN ALLIANCE BANCORP	Equity	1,307,709
WESTERN NEW ENGLAND BANCORP INC	Equity	120,672
WESTLAKE CORP	Equity	197,494

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
WESTWOOD HOLDINGS GROUP INC	Equity	41,958
WEYCO GROUP INC	Equity	97,368
WHIRLPOOL CORP	Equity	555,045
WHITE MOUNTAINS INS GROUP LTD	Equity	1,473,323
WIDEOPENWEST INC	Equity	-
WILEY (JOHN) & SONS INC CL A	Equity	295,181
WILLAMETTE VALLEY VINEYARD INC	Equity	1,330
WILLIS LEASE FINANCE CORP	Equity	248,221
WILLSCOT HOLDINGS CORP	Equity	48,845
WILLSCOT HOLDINGS CORP	Equity	2,170,722
WINNEBAGO INDUSTRIES INC	Equity	398,595
WINTRUST FINANCIAL CORP	Equity	1,386,875
WORLD ACCEPTANCE CORP	Equity	146,708
WORLD KINECT CORP	Equity	387,485
WORTHINGTON ENTERPRISES INC	Equity	489,554
WORTHINGTON STEEL INC	Equity	511,891
WSFS FINANCIAL CORP	Equity	1,012,052
XEROX HOLDINGS CORP	Equity	130,381
XPERI INC	Equity	59,573
YELP INC	Equity	244,852
ZEBRA TECHNOLOGIES CORP CL A	Equity	3,894,590
ZEBRA TECHNOLOGIES CORP CL A	Equity	2,202,863
ZIFF DAVIS INC	Equity	438,180
ZIONS BANCORP	Equity	2,415,770
ZOOMINFO TECHNOLOGIES INC	Equity	574,534
ZUMIEZ INC	Equity	179,849
CONCENTRA BIOSCIENCES LLC CVR	Equity	-
ELI LILLY & CO-CVR	Equity	8,237
RESOLUTE FOREST PRODUCTS INC US CVR RT	Equity	-
SUPERNUS PHARMACEUTICALS-CVR	Equity	-
ZAGG INC CVR RT	Equity	-
Common Collective Trusts		-
SPARTAN SMALL - MID CAP V	Common collective trust	230,575,812
SSBK GOVT STIF FUND	Common collective trust	5,640,403
SMID Cap Value Account Total		1,149,634,886
SMID Cap Growth Account
Currency
BRITISH POUND STERLING CURRENCY	Currency	35

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
CANADIAN DOLLAR	Currency	59,002
DANISH KRONE	Currency	266
EURO MONETARY UNIT	Currency	181
SWISS FRANC	Currency	1
Equity
ABIVAX SA	Equity	5,025,372
ACI WORLDWIDE INC	Equity	14,768,509
ACV AUCTIONS INC CL A	Equity	4,787,435
ADAPTIVE BIOTECHNOLOGIES CORP	Equity	2,402,870
ADMA BIOLOGICS INC	Equity	9,537,696
ADMA BIOLOGICS INC	Equity	5,115,773
ADTALEM GLOBAL EDUCATION INC	Equity	11,348,279
ADVANCED ENERGY INDUSTRIES INC	Equity	19,079,260
AEROVIRONMENT INC	Equity	5,495,741
AGCO CORP	Equity	461,512
AGILYSYS INC	Equity	9,958,792
AGREE REALTY CORP	Equity	1,655,754
AKAMAI TECHNOLOGIES INC	Equity	7,492,419
ALASKA AIR GROUP INC	Equity	26,449,651
ALKAMI TECHNOLOGY INC	Equity	4,545,690
ALLEGIANT TRAVEL CO	Equity	9,394,452
AMENTUM HOLDINGS INC	Equity	27,927,464
API GROUP CORP	Equity	16,545,996
API GROUP CORP	Equity	3,558,180
APOGEE THERAPEUTICS INC	Equity	11,073,671
APPLIED DIGITAL CORP	Equity	4,116,908
APPLIED DIGITAL CORP	Equity	1,870,631
APPLIED INDUSTRIAL TECH INC	Equity	13,018,239
APPLIED INDUSTRIAL TECH INC	Equity	5,412,712
ARCHROCK INC	Equity	8,625,630
ARCUS BIOSCIENCES INC	Equity	2,039,848
ARES MANAGEMENT CORP CL A	Equity	5,661,091
ARGENX SE SPONSORED ADR	Equity	35,548,638
ARITZIA INC	Equity	15,235,707
ARTHUR J GALLAGHAR AND CO	Equity	3,594,334
ASCENDIS PHARMA AS SPON ADR	Equity	34,417,789
ASCENDIS PHARMA AS SPON ADR	Equity	6,759,708
ASCENDIS PHARMA AS SPON ADR	Equity	16,782,628
ASHLAND INC	Equity	15,111,280

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ASTERA LABS INC	Equity	9,352,926
ASTERA LABS INC	Equity	27,006,051
ATI INC	Equity	16,481,487
ATMUS FILTRATION TECHNOLOGIES INC	Equity	10,359,160
AUTOZONE INC	Equity	8,560,146
AVANTOR INC	Equity	2,248,624
AVIDITY BIOSCIENCES	Equity	2,572,877
AVIENT CORP	Equity	3,628,526
AXOS FINANCIAL INC	Equity	5,514,240
AXSOME THERAPEUTICS INC	Equity	8,794,664
AXSOME THERAPEUTICS INC	Equity	10,227,840
BABCOCK INTL GROUP PLC	Equity	22,829,701
BAKER HUGHES CO	Equity	18,342,465
BALDWIN INSURANCE GROUP INC/THE	Equity	1,885,178
BANCORP INC DEL	Equity	11,404,128
BETTER HOME & FINANCE HOLDING	Equity	7,466,880
BICYCLE THERAPEUTICS LTD ADR	Equity	1,335,996
BILL HOLDINGS INC	Equity	8,114,407
BIO RAD LABS CL A	Equity	3,635,880
BIONTECH SE ADR	Equity	-
BIRKENSTOCK HOLDING LTD	Equity	5,020,066
BJS WHSL CLUB HLDGS INC	Equity	156,922
BLOOM ENERGY CORP CL A	Equity	3,170,008
BLOOM ENERGY CORP CL A	Equity	12,599,050
BLOOM ENERGY CORP CL A	Equity	4,159,424
BLUEPRINT MEDICINES CORP CVR	Equity	-
BOOT BARN HOLDINGS INC	Equity	13,252,897
BRAZE INC	Equity	5,564,238
BRIDGEBIO PHARMA INC	Equity	15,328,443
BRIDGEBIO PHARMA INC	Equity	9,844,263
BUILDERS FIRSTSOURCE	Equity	91,161
BURLINGTON STORES INC	Equity	5,640,952
BWX TECHNOLOGIES INC	Equity	9,944,177
BWX TECHNOLOGIES INC	Equity	452,495
CACI INTERNATIONAL INC	Equity	79,922
CALIX NETWORKS INC	Equity	4,437,863
CAMTEK LIMITED	Equity	9,049,960
CARLYLE GROUP INC (THE)	Equity	92,625
CARPENTER TECHNOLOGY CORP	Equity	3,754,467

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
CARPENTER TECHNOLOGY CORP	Equity	21,692,476
CASELLA WASTE SYS INC CL A	Equity	5,146,453
CASELLA WASTE SYS INC CL A	Equity	6,751,004
CAVCO INDUSTRIES INC	Equity	4,725,920
CBRE GROUP INC - CL A	Equity	11,010,417
CCC INTELLIGENT SOLUTIONS HOLD CL A	Equity	7,566,246
CECO ENVIRONMENTAL CORP	Equity	2,794,995
CENCORA INC	Equity	7,978,668
CENTRUS ENERGY CORP CL A	Equity	4,350,259
CES ENERGY SOLUTIONS CORP	Equity	5,504,707
CG ONCOLOGY INC	Equity	1,494,720
CIRCLE INTERNET GROUP INC A	Equity	23,331,646
CLOUDFLARE INC	Equity	6,549,914
COEUR MINING INC	Equity	3,819,186
COGNEX CORP	Equity	2,767,797
COHERENT CORP	Equity	7,509,230
COHERENT CORP	Equity	10,439,095
COLLIERS INTERNATIONAL GROUP INC	Equity	12,831,519
COMFORT SYSTEMS USA INC	Equity	14,417,464
COMFORT SYSTEMS USA INC	Equity	22,977,600
COMFORT SYSTEMS USA INC	Equity	10,425,783
COMMVAULT SYSTEMS INC	Equity	5,616,128
COMMVAULT SYSTEMS INC	Equity	5,428,088
CONSTRUCTION PARTNERS INC CL A	Equity	11,864,515
CRANE CO	Equity	10,586,282
CREDO TECHNOLOGY GROUP HOLDING LTD	Equity	14,520,372
CREDO TECHNOLOGY GROUP HOLDING LTD	Equity	14,518,501
CREDO TECHNOLOGY GROUP HOLDING LTD	Equity	5,161,334
CUSHMAN & WAKEFIELD LTD	Equity	6,505,822
DARLING INGREDIENTS INC	Equity	13,154,436
DAVE INC	Equity	5,158,853
DESCARTES SYS GROUP INC	Equity	12,658,104
DESCARTES SYS GROUP INC	Equity	3,409,974
DIGITALOCEAN HOLDINGS INC	Equity	13,995,558
DIGITALOCEAN HOLDINGS INC	Equity	4,345,236
DOLBY LABORATORIES INC CL A	Equity	4,168,713
DORMAN PRODUCTS INC	Equity	4,217,410
DOXIMITY INC	Equity	6,748,272
DUTCH BROS INC	Equity	3,337,714

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
DYCOM INDUSTRIES INC	Equity	11,502,116
DYNATRACE INC	Equity	5,843,099
DYNE THERAPEUTICS INC	Equity	6,802,205
EAGLE MATERIALS INC	Equity	6,234,916
EAGLE MATERIALS INC	Equity	-
EAST WEST BANCORP INC	Equity	5,597,022
EDWARDS LIFESCIENCES CORP	Equity	3,459,871
ENCOMPASS HEALTH CORP	Equity	16,950,558
ENERGY FUELS INC	Equity	2,532,868
ENOVA INTL INC	Equity	14,632,019
ENOVIX CORP	Equity	1,806,930
ENSIGN GROUP INC	Equity	17,350,320
ENTEGRIS INC	Equity	23,393,613
ERO COPPER CORP	Equity	7,412,687
ESSENTIAL PROPERTIES REALTY TRUST INC	Equity	1,107,148
ESTABLISHMENT LABS HOLDINGS INC	Equity	2,135,384
FABRINET	Equity	14,441,482
FABRINET	Equity	6,610,666
FAIR ISAAC CORP	Equity	8,889,280
FEDERAL SIGNAL CORP	Equity	11,889,411
FID BANK TRST ST INV FUND	Equity	-
FID BANK TRST ST INV FUND	Equity	-
FID BANK TRST ST INV FUND	Equity	-
FIRSTCASH HOLDINGS INC	Equity	5,838,727
FLEX LTD	Equity	7,323,569
FLOWSERVE CORP	Equity	9,297,822
FLUOR CORP	Equity	3,316,555
FLYWIRE CORP	Equity	4,748,457
FNB CORP PA	Equity	3,662,375
FORMFACTOR INC	Equity	3,118,102
FORMFACTOR INC	Equity	1,919,557
FTAI AVIATION LTD	Equity	9,305,690
FTAI AVIATION LTD	Equity	22,165,704
FTAI AVIATION LTD	Equity	7,677,150
FTAI AVIATION LTD	Equity	13,297,218
FTAI INFRASTRUCTURE INC	Equity	6,692,853
GARRETT MOTION INC	Equity	12,143,847
GENEDX HOLDINGS CORP-A	Equity	8,596,966
GENEDX HOLDINGS CORP-A	Equity	6,279,427

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
GENIUS SPORTS LTD	Equity	13,283,288
GENIUS SPORTS LTD	Equity	4,966,053
GERRESHEIMER AG	Equity	-
GRANITE CONSTRUCTION INC	Equity	19,625,649
GUARDANT HEALTH INC	Equity	8,655,139
GUARDANT HEALTH INC	Equity	4,183,654
GUIDEWIRE SOFTWARE INC	Equity	8,799,012
HALOZYME THERAPEUTICS INC	Equity	11,817,880
HAMILTON LANE INC - A	Equity	3,568,348
HEALTHEQUITY INC	Equity	6,612,410
HEXCEL CORPORATION	Equity	6,100,371
HIMS & HERS HEALTH INC	Equity	3,834,707
HOULIHAN LOKEY	Equity	6,915,343
HURON CONSULTING GROUP INC	Equity	20,731,909
IES HOLDINGS INC	Equity	11,795,086
IMAX CORPORATION	Equity	6,471,548
INDEPENDENCE REALTY TR INC	Equity	1,413,835
INDIE SEMICONDUCTOR INC	Equity	14,170,977
INGERSOLL RAND INC	Equity	7,871,537
Innodata Inc	Equity	926,220
INSMED INC	Equity	27,922,630
INSMED INC	Equity	8,806,424
INSTALLED BUILDING PRODUCTS INC	Equity	13,202,951
INSULET CORP	Equity	10,769,569
INSULET CORP	Equity	2,766,224
INTERDIGITAL INC	Equity	4,917,379
INTERNATIONAL SEAWAYS INC	Equity	4,084,123
INTUITIVE MACHINES INC A	Equity	13,227,807
IONQ INC	Equity	4,151,597
IONQ INC	Equity	7,008,694
IONQ INC	Equity	1,765,186
IRHYTHM TECHNOLOGIES INC	Equity	12,452,562
IRHYTHM TECHNOLOGIES INC	Equity	3,690,752
IRHYTHM TECHNOLOGIES INC	Equity	4,260,334
ITRON INC	Equity	5,441,596
ITT INC	Equity	7,511,248
JAZZ PHARMA PLC	Equity	6,417,500
JBT MAREL CORP	Equity	10,468,853
JBT MAREL CORP	Equity	4,806,373

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
KARMAN HOLDINGS INC	Equity	4,615,344
KINSALE CAPITAL GROUP INC	Equity	4,904,645
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC	Equity	12,152,695
KRATOS DEFENSE & SEC SOLTN INC	Equity	13,889,860
KRATOS DEFENSE & SEC SOLTN INC	Equity	4,943,259
KYMERA THERAPEUTICS INC	Equity	15,111,091
KYMERA THERAPEUTICS INC	Equity	5,143,241
KYNDRYL HOLDINGS INC	Equity	261,297
L3HARRIS TECHNOLOGIES INC	Equity	5,605,719
LATTICE SEMICONDUCTOR CORP	Equity	13,024,690
LATTICE SEMICONDUCTOR CORP	Equity	11,064,960
LATTICE SEMICONDUCTOR CORP	Equity	3,820,274
LCI INDUSTRIES	Equity	9,248,899
LEGENCE CORP A	Equity	6,101,953
LEGENCE CORP A	Equity	5,080,011
LEGEND BIOTECH CORP SPON ADR	Equity	2,738,370
LIBERTY MEDIA CORP LIBERTY FORMULA ONE CL C	Equity	15,203,344
LIFE TIME GROUP HOLDINGS INC	Equity	4,851,408
LITHIA MOTORS INC CL A	Equity	10,526,885
LIVE NATION ENTERTAINMENT INC	Equity	16,374,675
M/I HOMES INC	Equity	2,096,589
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC	Equity	7,581,024
MADRIGAL PHARMACEUTICALS INC	Equity	9,119,444
MAGNITE INC	Equity	2,316,135
MASIMO CORP	Equity	5,418,300
MATTEL INC	Equity	9,950,296
MEDLINE INC	Equity	4,853,142
MEDPACE HOLDINGS INC	Equity	13,906,454
MELROSE INDUSTRIES PLC	Equity	10,854,607
MERCURY SYSTEMS INC	Equity	2,781,681
MERIT MEDICAL SYSTEMS INC	Equity	7,051,200
MIRION TECHNOLOGIES INC-A	Equity	4,994,596
MKS INC	Equity	11,879,532
MKS INC	Equity	4,353,112
MODINE MANUFACTURING CO	Equity	13,402,001
MODINE MANUFACTURING CO	Equity	893,983
MONGODB INC CL A	Equity	9,835,015
MONGODB INC CL A	Equity	17,266,047

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
MONOLITHIC POWER SYS INC	Equity	8,702,869
MONOLITHIC POWER SYS INC	Equity	2,810,622
MP MATERIALS CORP	Equity	1,115,987
NATERA INC	Equity	17,015,660
NEPTUNE INSURANCE HOLDINGS INC	Equity	6,185,798
NEXTPOWER INC	Equity	7,151,731
NIQ GLOBAL INTELLIGENCE PLC	Equity	2,913,288
NMI HOLDINGS INC	Equity	97,814
NOVA MEASURING INSTRUMENTS LTD	Equity	22,133,486
NUVALENT INC-A	Equity	8,308,231
NUVALENT INC-A	Equity	4,122,782
ODDITY TECH LTD A	Equity	4,155,255
OLLIES BARGAIN OUTLET HOLDINGS INC	Equity	6,982,157
ONTO INNOVATION INC	Equity	4,175,397
OPTION CARE HEALTH INC	Equity	3,536,779
PAGAYA TECHNOLGOIES LTD A	Equity	6,642,752
PALOMAR HLDGS INC	Equity	6,891,626
PARSONS CORP	Equity	7,080,920
PARSONS CORP	Equity	2,381,710
PARSONS CORP	Equity	4,393,980
PATRICK INDUSTRIES INC	Equity	10,908,058
PATTERN GROUP INC	Equity	973,630
PEGASYSTEMS INC	Equity	12,099,272
PENUMBRA INC	Equity	5,240,699
PERELLA WEINBERG PARTNERS	Equity	4,601,800
PERMIAN RESOURCES CORP CL A	Equity	2,744,549
PIPER SANDLER COS	Equity	8,275,336
PLANET FITNESS INC CL A	Equity	4,644,360
PLANET FITNESS INC CL A	Equity	8,927,081
POPULAR INC	Equity	9,482,198
PRIMERICA INC	Equity	4,448,959
PRIMORIS SVCS CORP	Equity	6,651,421
PROCEPT BIOROBOTICS CORP	Equity	5,342,506
PROCEPT BIOROBOTICS CORP	Equity	2,249,673
PROCORE TECHNOLOGIES INC	Equity	5,103,293
PROCORE TECHNOLOGIES INC	Equity	5,907,215
PURE STORAGE INC CL A	Equity	8,103,988
PURE STORAGE INC CL A	Equity	7,677,269
RADNET INC	Equity	7,427,535

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
RADNET INC	Equity	2,687,041
RAMBUS INC	Equity	7,112,286
RAMBUS INC	Equity	2,434,626
RBC BEARINGS INC	Equity	16,682,044
RBC BEARINGS INC	Equity	19,551,548
REDDIT INC A	Equity	9,874,066
REGAL REXNORD CORP	Equity	12,803,498
REGAL REXNORD CORP	Equity	4,320,453
RENASANT CORP	Equity	8,987,228
REVOLUTION MEDICINES INC	Equity	7,513,783
REVOLUTION MEDICINES INC	Equity	7,104,780
RHYTHM PHARMACEUTICALS INC	Equity	9,044,880
RHYTHM PHARMACEUTICALS INC	Equity	4,849,982
RIGETTI COMPUTING INC A	Equity	1,528,572
ROBLOX CORP	Equity	10,587,785
ROCKET LAB CORP	Equity	6,117,952
ROKU INC CLASS A	Equity	3,904,881
RUSH STREET INTERACTIVE INC	Equity	3,184,286
RXO INC	Equity	3,798,788
RYERSON HOLDING CORP	Equity	2,880,493
SAIA INC	Equity	14,552,017
SAIA INC	Equity	5,191,668
SANMINA CORP	Equity	12,301,838
SEACOAST BANKING CORP FLORIDA	Equity	6,800,545
SELECTIVE INSURANCE GROUP INC	Equity	13,166,144
SEMTECH CORP	Equity	4,505,554
SERVICETITAN INC-A	Equity	7,151,369
SHOALS TECHNOLOGIES GROUP INC	Equity	223,703
SILA REALTY TRUST INC	Equity	3,184,449
SILICON MOTION TECH CORP ADR	Equity	14,478,813
SITEONE LANDSCAPE SUPPLY INC	Equity	6,796,990
SITIME CORP	Equity	7,805,499
SKYWARD SPECIALTY INSURANCE GROUP INC	Equity	6,245,642
SOLENO THERAPEUTICS INC	Equity	372,669
SOMNIGROUP INTERNATIONAL INC	Equity	5,663,745
SPX TECHNOLOGIES INC	Equity	15,358,006
SPX TECHNOLOGIES INC	Equity	1,802,541
STAG INDUSTRIAL INC CL A	Equity	1,356,959
STEPSTONE GROUP INC CLASS A	Equity	15,163,371

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
STEPSTONE GROUP INC CLASS A	Equity	3,604,942
STERLING INFRASTRUCTURE INC	Equity	4,666,945
STRIDE INC	Equity	3,186,245
SUN COUNTRY AIRLINES HOLDINGS INC	Equity	11,779,913
SWEETGREEN INC CL A	Equity	2,169,744
SYMBOTIC INC	Equity	205,216
TALEN ENERGY CORP	Equity	4,400,622
TARSUS PHARMACEUTICALS INC	Equity	1,694,916
TECHNIPFMC PLC	Equity	2,686,968
TELEDYNE TECHNOLOGIES INC	Equity	6,139,485
TERADYNE INC	Equity	88,844
TETRA TECHNOLOGIES INC	Equity	4,321,922
TEXAS ROADHOUSE INC	Equity	4,512,212
TEXAS ROADHOUSE INC	Equity	6,158,600
TIDEWATER INC	Equity	4,785,873
TIMKEN CO	Equity	2,789,078
TOPBUILD CORP	Equity	6,304,992
TOPBUILD CORP	Equity	7,987,937
TRANSMEDICS GROUP INC	Equity	7,951,531
TREVI THERAPEUTICS INC	Equity	4,237,770
TRIUMPH FINANCIAL INC	Equity	12,411,638
TWIST BIOSCIENCE CORP	Equity	9,692,236
TYLER TECHNOLOGIES INC	Equity	11,612,495
UFP TECHNOLOGIES INC	Equity	4,448,149
ULTRA CLEAN HOLDINGS INC	Equity	11,911,686
ULTRAGENYX PHARMA INC	Equity	10,290,246
UNITED THERAPEUTICS CORP DEL	Equity	11,649,660
UNITY SOFTWARE INC	Equity	6,244,975
US FOODS HOLDING CORP	Equity	14,324,358
VAXCYTE INC	Equity	5,928,529
VERA THERAPEUTICS INC	Equity	5,739,234
VERACYTE INC	Equity	15,536,837
VERICEL CORP	Equity	1,914,940
VERTEX INC - CLASS A	Equity	1,887,644
VERTICAL AEROSPACE LTD	Equity	2,021,967
VIKING HOLDINGS LTD	Equity	11,602,840
VITA COCO CO INC/THE	Equity	4,068,146
VOYAGER TECHNOLOGIES INC	Equity	4,314,799
VSE CORP	Equity	15,203,760

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
WATERS CORP	Equity	7,526,711
WAYSTAR HOLDING CORP	Equity	5,044,155
WAYSTAR HOLDING CORP	Equity	2,810,802
WEAVE COMMUNICATIONS INC	Equity	6,610,359
WESCO INTERNATIONAL INC	Equity	7,042,207
WEST PHARMACEUTICAL SVCS INC	Equity	22,937,046
WINGSTOP INC	Equity	10,860,119
WINGSTOP INC	Equity	2,747,166
WINTRUST FINANCIAL CORP	Equity	5,692,072
WOODWARD INC	Equity	14,837,563
XENON PHARMACEUTICALS INC	Equity	4,724,028
XENON PHARMACEUTICALS INC	Equity	2,032,587
XYLEM INC	Equity	11,742,801
ZETA GLOBAL HOLDINGS CORP	Equity	1,823,991
ZSCALER INC	Equity	8,286,704
Common Collective Trusts
SSBK GOVT STIF FUND	Common collective trust	43,750,944
VANGUARD RUSSELL 2000 GROWTH INDEX	Common collective trust	719,475,886
SMID Cap Growth Account Total		3,562,487,039
PIMCO Total Return Account
Mutual Funds
HIGH YIELD PORTFOLIO INSTL CL	Mutual fund	20,775,452
PIMCO ASSET BACK SECS PORT-UNL	Mutual fund	432,337,627
PIMCO EMMERG MKTS FD INST CL	Mutual fund	86,905,148
PIMCO INTL PORT FUND(UNLISTED)	Mutual fund	111,858,924
PIMCO INV GRD CORP PORT(UNLST)	Mutual fund	435,489,061
PIMCO MTG PORT INSTL CL (UNLST)	Mutual fund	237,119,749
PIMCO MUNI SECTR PORT INSTL CL	Mutual fund	20,233,859
PIMCO REAL RETURN BOND FUND INST CL	Mutual fund	92,476,144
PIMCO SHORT TM FLT NAV PORT II	Mutual fund	115,084,390
PIMCO US GOVT SECTOR PORT INST	Mutual fund	238,964,921
PIMCO Total Return Account Total		1,791,245,275
International Growth Account
Currency
AUSTRALIAN DOLLAR CURRENCY	Currency	45,654
BRAZILIAN REAL	Currency	79,590
BRITISH POUND STERLING CURRENCY	Currency	34,205

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party — CANADIAN DOLLAR	Description of Investment — Currency	111,544
DANISH KRONE	Currency	( 53,240	)
EURO MONETARY UNIT.	Currency	152,819
HONG KONG DOLLAR	Currency	13,349
INDIAN RUPEE	Currency	114,113
ISRAELI SHEKEL	Currency	272
JAPANESE YEN	Currency	396,717
NEW ZEALAND DOLLAR CURRENCY	Currency	2,282
NORWEGIAN KRONA	Currency	3,317
POLAND ZLOTY NEW	Currency	213
SINGAPORE DOLLAR CURRENCY	Currency	5,521
SOUTH AFRICAN RAND CURRENCY	Currency	513,275
SOUTH KOREAN WON	Currency	14,404
SWEDISH KRONA CURRENCY	Currency	40,925
SWISS FRANC	Currency	655
TAIWAN DOLLAR	Currency	1
Equity
3I GROUP PLC	Equity	326,226
AAC TECHNOLOGIES HOLDINGS INC	Equity	160,356
ABB LTD	Equity	664,048
ACCOR SA	Equity	7,354,732
ACCTON TECHNOLOGY CORP	Equity	264,576
ACCTON TECHNOLOGY CORP	Equity	4,297,477
ACS ACTIVIDADES CONST Y SRV SA	Equity	261,155
ADDTECH AB CL B	Equity	189,011
ADIDAS AG	Equity	591,235
ADIDAS AG	Equity	5,472,298
ADVANCED INFO SERVICE NVDR	Equity	2,209,994
ADVANTEST CORP	Equity	727,037
ADVANTEST CORP	Equity	8,916,727
ADYEN BV	Equity	641,512
ADYEN BV	Equity	6,610,647
AEGON LTD	Equity	262,941
AEON CO LTD	Equity	379,520
AEROPORTS DE PARIS	Equity	150,686
AGNICO EAGLE MINES LTD	Equity	492,636
AIA GROUP LTD	Equity	453,773
AIA GROUP LTD	Equity	2,895,114
AIA GROUP LTD	Equity	12,568,078

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
AIR LIQUIDE SA	Equity	5,686,099
AIR LIQUIDE SA (INTERIM)	Equity	8,038,247
AIR LIQUIDE SA(PRIME FIDE)(UNL)	Equity	7,588,685
AIR LIQUIDE SA-PF-2024	Equity	3,107,570
AIRBUS SE	Equity	980,670
AIRBUS SE	Equity	7,813,181
AISIN CORP	Equity	313,820
AJINOMOTO CO INC	Equity	338,815
AKESO INC	Equity	217,791
AL RAJHI BANK (HSBC) (ELN) 9/30/26	Equity	2,326,659
ALAMOS GOLD INC A	Equity	189,403
ALCHIP TECHNOLOGIES LTD	Equity	111,955
ALCON INC	Equity	450,174
ALCON INC	Equity	11,333,599
ALDAR PROPERTIES PJSC	Equity	476,744
ALFA LAVAL AB	Equity	206,129
ALIBABA GROUP HOLDING LTD	Equity	746,779
ALIBABA GROUP HOLDING LTD	Equity	9,677,619
ALIBABA GROUP HOLDING LTD	Equity	10,669,588
ALIBABA GROUP HOLDING LTD SPON ADR	Equity	5,989,112
ALPHA BANK SA	Equity	223,361
ALSTOM	Equity	182,123
ALTEOGEN INC	Equity	195,553
AMADEUS IT GROUP SA	Equity	522,633
AMADEUS IT GROUP SA	Equity	16,265,441
ANGLOGOLD ASHANTI PLC	Equity	394,809
ANHEUSER-BUSCH INBEV SA/NV	Equity	179,813
ANTOFAGASTA PLC	Equity	381,617
AON PLC	Equity	5,882,157
AON PLC	Equity	11,856,768
APR CORP/KOREA	Equity	1,043,101
ARCELORMITTAL SA	Equity	317,619
ARGENX SE	Equity	808,688
ARGENX SE	Equity	5,991,873
ARISTOCRAT LEISURE LTD	Equity	332,704
ASAHI KASEI CORP	Equity	181,783
ASELSAN AS	Equity	209,902
ASELSAN AS	Equity	3,056,916
ASHTEAD GROUP PLC	Equity	8,041,705

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ASIA VITAL COMPONENTS CO LTD	Equity	192,651
ASICS CORP	Equity	294,858
ASM INTERNATIONAL NV (NETH)	Equity	644,781
ASML HOLDING NV	Equity	2,433,117
ASML HOLDING NV	Equity	16,833,664
ASML HOLDING NV	Equity	28,324,648
ASPEED TECH INC	Equity	231,564
ASPEED TECH INC	Equity	5,650,166
ASR NEDERLAND NV	Equity	293,155
ASSA ABLOY AB SER B	Equity	143,498
ASSA ABLOY AB SER B	Equity	3,625,956
ASSOCIATED BRITISH FOODS PLC	Equity	-
ASTELLAS PHARMA INC	Equity	547,836
ASTRAZENECA PLC	Equity	1,717,738
ASTRAZENECA PLC	Equity	12,663,604
ATKINSREALIS GROUP INC	Equity	170,287
ATLAS COPCO AB SER A	Equity	5,071,933
ATLAS COPCO AB SER A	Equity	7,296,082
AVOLTA AG	Equity	131,523
BAE SYSTEMS PLC	Equity	503,849
BAIDU INC CL A	Equity	1,532,508
BAJAJ FINANCE LTD	Equity	1,402,518
BANCO BILBAO VIZ ARGENTARIA SA	Equity	172,032
BANCO BTG PACTUAL SA US(1CS)	Equity	470,171
BANCO BTG PACTUAL SA US(1CS)	Equity	2,075,470
BANCO SANTANDER SA	Equity	323,016
BANK CENTRAL ASIA	Equity	8,446,817
BANK HAPOALIM LTD (REG)	Equity	482,634
BANK LEUMI LE-ISRAEL BM	Equity	416,696
BANK OF MONTREAL	Equity	2,608,004
BARCLAYS PLC ORD	Equity	503,115
BARRICK MINING CORP	Equity	463,405
BEIJER REF AB SER B	Equity	189,029
BELIMO HOLDING AG (REG)	Equity	157,758
BEONE MEDICINES LTD	Equity	221,167
BHARAT ELECTRONICS LTD (DEMAT)	Equity	4,712,929
BHARTI AIRTEL LIMITED	Equity	4,109,484
BILIBILI INC CL Z	Equity	173,004
BIM BIRLESIK MAGAZALAR AS	Equity	190,479

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
BIOMERIEUX	Equity	148,809
BIZLINK HOLDING INC	Equity	193,927
BOMBARDIER INC CL B SUB VTG	Equity	144,603
BOUYGUES ORD	Equity	250,229
BP PLC	Equity	420,685
BPER BANCA	Equity	341,026
BRADESCO SA PREF (BANCO BRAESCO)	Equity	3,705,884
BRAMBLES LTD	Equity	224,748
BRIDGESTONE CORP	Equity	444,185
BRITISH AMERICAN TOBACCO PLC	Equity	591,031
BSE LTD	Equity	1,712,854
BUENAVENTURA SPON ADR	Equity	192,918
BUREAU VERITAS SA	Equity	4,483,722
BYD COMPANY LTD H	Equity	270,759
CAE INC	Equity	173,675
CALLEBAUT (BARRY) AG	Equity	235,776
CAMECO CORP	Equity	1,380,553
CANADIAN NATL RAILWAY CO	Equity	11,798,341
CANADIAN PACIFIC KANSAS CITY LTD	Equity	477,439
CANON INC	Equity	334,224
CAPCOM CO LTD	Equity	195,789
CAPITALAND INVESTMENT LTD/SINGAPORE	Equity	215,889
CAPITEC BANK HOLDINGS LIMITED	Equity	2,486,955
CAR GROUP LTD	Equity	143,242
CCL INDUSTRIES INC B NON VTG	Equity	122,228
CELESTICA INC	Equity	296,399
CELLTRION INC	Equity	354,156
CENCOSUD SA	Equity	167,387
CHINA CONSTRUCTION BANK CORP H	Equity	6,253,615
CHINA MERCHANTS BANK CO LTD H	Equity	1,746,952
CHINA NATL BLDG MATERIAL CO H	Equity	134,205
CHINA RUYI HOLDINGS LTD	Equity	150,827
CHROMA ATE INC	Equity	173,035
CHUGAI PHARMACEUTICAL CO LTD	Equity	6,189,723
CIE FINANCIERE RICHEMONT SA A	Equity	21,927,089
CLICKS GROUP LTD	Equity	722,528
COCHLEAR LTD	Equity	177,604
COLOPLAST AS CL B	Equity	223,180
COMMERZBANK AG	Equity	587,201

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
COMMONWEALTH BK OF AUSTRALIA	Equity	4,329,011
COMPASS GROUP PLC	Equity	608,982
COMPASS GROUP PLC	Equity	10,992,782
COMPUTERSHARE LTD	Equity	124,055
CONSTELLATION SOFTWARE INC	Equity	372,822
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD A (HSBC) (E	Equity	4,248,300
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD H	Equity	207,846
CSL LIMITED	Equity	384,022
CTS EVENTIM AG & CO KGAA	Equity	10,242,504
CYBER-ARK SOFTWARE LTD	Equity	530,811
CYRELA BRAZIL REALTY SA EMPR	Equity	933,505
DAIICHI SANKYO CO LTD	Equity	339,844
DASSAULT AVIATION SA	Equity	3,581,941
DAVIDE CAMPARI MILANO NV	Equity	7,114,658
DELTA ELECTRONICS IND CO LTD	Equity	491,452
DELTA ELECTRONICS IND CO LTD	Equity	5,160,214
DELTA ELECTRONICS IND CO LTD	Equity	5,304,609
DELTA ELECTRONICS THAI-NVDR	Equity	207,228
DEMANT A/S	Equity	128,565
DENSO CORP	Equity	439,480
DESCARTES SYS GROUP INC	Equity	135,363
DEUTSCHE BANK AG	Equity	643,664
DEUTSCHE BOERSE AG	Equity	8,862,360
DEUTSCHE TELEKOM AG (REGD)	Equity	155,736
DIAGEO PLC	Equity	254,661
DIAGEO PLC	Equity	8,352,077
D’IETEREN SA	Equity	163,500
DINO POLSKA SA	Equity	237,860
DIPLOMA PLC	Equity	8,892,267
DISCO CORP	Equity	276,768
DIVIS LABORATORIES LTD	Equity	653,107
DLF LIMITED	Equity	1,253,356
DOLLARAMA INC	Equity	548,066
DOLLARAMA INC	Equity	5,410,118
DONGFENG MOTOR GP CO LTD H	Equity	154,126
DOOSAN CO LTD	Equity	153,899
DOOSAN ENERBILITY	Equity	180,723
DSV A/S	Equity	521,423

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
DSV A/S	Equity	6,719,034
E INK HOLDINGS INC	Equity	176,831
EAST JAPAN RAILWAY CO	Equity	284,893
EASTROC BEVERAGE GROUP CO LTD A (HSBC) (CWT) 04/21	Equity	2,160,163
ECOPRO BM CO LTD	Equity	185,637
ELBIT SYSTEMS LTD	Equity	332,660
ELITE MATERIAL CO LTD	Equity	209,875
ELITE MATERIAL CO LTD	Equity	2,933,003
EMAAR PROPERTIES	Equity	3,285,177
EMBRAER SA	Equity	177,855
EMBRAER SA	Equity	7,162,699
ENDEAVOUR MINING PLC	Equity	165,764
ENEOS HOLDINGS INC	Equity	298,234
EQT AB	Equity	333,432
EQUATORIAL ENERGIA SA	Equity	302,815
ERSTE GROUP BANK AG	Equity	635,235
ERSTE GROUP BANK AG	Equity	9,110,963
ESSILORLUXOTTICA	Equity	4,928,761
ESSILORLUXOTTICA	Equity	21,444,026
EVOLUTION MINING LTD	Equity	254,782
EXPERIAN PLC	Equity	564,559
FALABELLA SA	Equity	119,361
FDJ UNITED	Equity	121,692
FINECOBANK SPA	Equity	7,295,651
FINECOBANK SPA	Equity	11,255,167
FIRST QUANTUM MINERALS LTD	Equity	160,949
FIRSTSERVICE CORP	Equity	268,416
FISHER & PAYKEL HEALTHCARE CORP	Equity	199,502
FLUTTER ENTERTAINMENT PLC	Equity	7,927,726
FRANCO-NEVADA CORP	Equity	300,150
FRESNILLO PLC	Equity	171,673
FUJIKURA LTD	Equity	534,423
FUJITSU LTD	Equity	467,059
FUTU HOLDINGS LTD ADR	Equity	280,471
FUTURE CASH COLL MORGAN STANLEY	Equity	12,081,507
FUTURES CASH COLLATERAL	Equity	2,861,087
FUYAO GLASS INDUSTRY GROUP CO LTD H	Equity	145,060
GALAXY ENT GROUP LTD	Equity	108,322

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
GALAXY ENT GROUP LTD	Equity	1,752,852
GALDERMA GROUP AG	Equity	602,477
GALDERMA GROUP AG	Equity	8,680,874
GAMUDA BHD	Equity	226,297
GEA GROUP AG	Equity	130,487
GEBERIT AG (REG)	Equity	11,910,150
GEELY AUTO HLDGS LTD	Equity	142,598
GENMAB AS	Equity	500,080
GFL ENVIRONMENTAL INC	Equity	178,098
GIGABYTE TECHNOLOGY CO LTD	Equity	175,077
GILDAN ACTIVEWEAR INC	Equity	370,274
GLOBAL UNICHIP CORP	Equity	203,336
GOLD CIRCUIT ELECTRONICS LTD	Equity	197,212
GOLD FIELDS LTD	Equity	379,070
GOLD FIELDS LTD	Equity	570,226
GOODMAN GROUP STAPLED UNIT	Equity	351,818
GRAB HOLDINGS LTD CL A	Equity	158,642
GRAB HOLDINGS LTD CL A	Equity	1,454,086
GRAB HOLDINGS LTD CL A	Equity	6,664,444
GRIFOLS	Equity	110,204
GRUPO FINANCIERO BANORTE SAB	Equity	1,292,319
H WORLD GROUP LTD ADR	Equity	235,015
HALEON PLC	Equity	18,958,911
HALMA PLC	Equity	434,556
HANWHA AEROSPACE CO LTD	Equity	274,877
HANWHA AEROSPACE CO LTD	Equity	5,840,973
HANWHA OCEAN CO LTD	Equity	247,657
HARMONY GOLD MINING CO LTD	Equity	247,416
HD HYUNDAI ELECTRIC CO LTD	Equity	220,724
HD HYUNDAI ELECTRIC CO LTD	Equity	4,257,663
HD HYUNDAI HEAVY INDUSTRIES CO LTD	Equity	193,184
HD HYUNDAI HEAVY INDUSTRIES CO LTD	Equity	5,534,183
HD HYUNDAI MARINE SOLUTION CO LTD	Equity	1,741,222
HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO LT	Equity	223,659
HDFC BANK LTD (DEMAT)	Equity	4,231,622
HDFC BANK LTD (DEMAT)	Equity	12,392,989
HDFC BANK LTD SPON ADR	Equity	9,178,702
HEIDELBERG MATERIALS AG	Equity	702,084

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
HERMES INTERNATIONAL SA	Equity	476,311
HERMES INTERNATIONAL SA	Equity	6,635,934
HITACHI LTD	Equity	779,238
HITACHI LTD	Equity	8,852,516
HOCHTIEF AG	Equity	107,327
HON HAI PRECISION IND CO LTD	Equity	551,400
HON HAI PRECISION IND CO LTD	Equity	6,380,803
HONG KONG EXCHS & CLEARING LTD	Equity	2,225,834
HONG KONG EXCHS & CLEARING LTD	Equity	5,226,782
HORIZON ROBOTICS	Equity	208,302
HOWDEN JOINERY GROUP PLC	Equity	9,126,023
HOYA CORP	Equity	9,798,187
HSBC HOLDINGS PLC	Equity	162,542
HUA HONG SEMICONDUCTOR LTD	Equity	181,389
HYBE CO LTD	Equity	208,822
HYOSUNG HEAVY INDUSTRIES CO LTD	Equity	180,420
HYUNDAI ROBOTICS CO LTD	Equity	208,612
HYUNDAI ROTEM CO LTD	Equity	208,078
ICG PLC	Equity	5,122,906
ICICI BANK LTD (DEMAT)	Equity	2,557,969
IDEMITSU KOSAN CO LTD	Equity	247,717
IMPALA PLATINUM HOLDINGS LTD	Equity	246,068
IMPERIAL BRANDS PLC	Equity	213,828
INDIAN HOTELS LTD	Equity	1,591,592
INDITEX SA	Equity	8,370,233
INDITEX SA	Equity	10,077,279
INDITEX SA	Equity	13,110,725
INDUSTRIAS PENOLES SAB DE CV	Equity	278,646
INDUTRADE AB	Equity	144,843
INFINEON TECHNOLOGIES AG	Equity	399,151
INFINEON TECHNOLOGIES AG	Equity	6,564,049
INFORMA PLC	Equity	175,080
INNOVENT BIOLOGICS INC	Equity	200,846
INTERCONTINENTAL HOTELS GP PLC	Equity	338,389
INTERCONTINENTAL HOTELS GP PLC	Equity	25,585,761
INTERNATIONAL GAMES SYS CO LTD	Equity	206,972
INTERTEK GROUP PLC	Equity	8,343,130
INTERTEK GROUP PLC	Equity	8,820,342
INTESA SANPAOLO SPA	Equity	458,730

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
INTL CONTAINER TERMINL SRV INC	Equity	213,973
ISRAEL DISCOUNT BANK LTD CL A	Equity	197,617
J&T GLOBAL EXPRESS LIMITED	Equity	134,272
JAMES HARDIE INDUSTRES PLC CDI	Equity	4,675,552
JAPAN POST BANK CO LTD	Equity	279,228
JD HEALTH INTERNATIONAL INC	Equity	1,725,394
JENTECH PRECISION INDUS CO LTD	Equity	87,554
JERONIMO MARTINS & FILHO SGPS	Equity	219,572
JFE HOLDINGS INC	Equity	232,090
JULIUS BAER GRUPPE AG	Equity	179,377
KAJIMA CORP	Equity	432,112
KAKAO CORP	Equity	236,775
KAWASAKI HEAVY INDUSTRIES LTD	Equity	238,560
KB FINANCIAL GROUP INC	Equity	3,022,692
KBC GROUPE SA	Equity	457,855
KEYENCE CORP	Equity	253,294
KEYENCE CORP	Equity	5,045,258
KEYENCE CORP	Equity	6,802,758
KEYENCE CORP	Equity	20,444,459
KING SLIDE WORKS CO LTD	Equity	119,610
KINGDEE INTL SFTWRE GRP CO LTD	Equity	155,395
KINGFISHER PLC	Equity	180,901
KINGSPAN GROUP PLC	Equity	218,811
KINROSS GOLD CORP	Equity	231,923
KIOXIA HOLDINGS CORPORATION	Equity	239,824
KIRIN HOLDINGS CO LTD	Equity	164,888
KLARNA GROUP PLC	Equity	4,495,418
KNORR-BREMSE AG	Equity	177,123
KOBE BUSSAN CO LTD	Equity	133,076
KOC HLDG AS	Equity	163,912
KONAMI GROUP CORPORATION	Equity	258,727
KONGSBERG GRUPPEN ASA	Equity	185,612
KOREA AEROSPACE INDUSTRIES LTD	Equity	227,097
KOREA ELECTRIC POWER CORP	Equity	233,703
KUAISHOU TECHNOLOGY CLASS B	Equity	255,547
KUAISHOU TECHNOLOGY CLASS B	Equity	1,478,228
LAOPU GOLD CO LTD H	Equity	1,659,604
LAOPU GOLD CO LTD H	Equity	4,277,967
LARSEN & TOUBRO LTD GDR	Equity	6,136,416

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
LEGAL & GENERAL GROUP PLC ORD	Equity	254,823
LEGRAND SA	Equity	182,893
LEONARDO SPA	Equity	401,695
LG CHEMICAL LTD	Equity	148,567
LG CORP	Equity	236,182
LG ENERGY SOLUTION	Equity	208,383
LI AUTO INC CL A	Equity	164,985
LIFCO AB	Equity	171,249
LINDE PLC	Equity	1,724,321
LINDE PLC	Equity	13,326,357
LLOYDS BANKING GROUP PLC	Equity	488,299
LOCALIZA RENT A CAR SA	Equity	10,595
LOCALIZA RENT A CAR SA	Equity	289,420
LONDON STOCK EXCHANGE GRP PLC	Equity	465,177
LONDON STOCK EXCHANGE GRP PLC	Equity	8,509,783
LONDON STOCK EXCHANGE GRP PLC	Equity	27,963,714
LONZA GROUP AG	Equity	719,013
LONZA GROUP AG	Equity	5,151,908
LONZA GROUP AG	Equity	9,283,347
L’OREAL SA (TEMP)	Equity	10,901,680
L’OREAL SA ORD	Equity	2,541,887
L’OREAL SA ORD	Equity	4,278,125
LOTUS BAKERIES	Equity	110,704
LS ELECTRIC CO LTD	Equity	158,948
LVMH MOET HENNESSY LOUIS VUITTON SE	Equity	163,729
LVMH MOET HENNESSY LOUIS VUITTON SE	Equity	10,924,354
LVMH MOET HENNESSY LOUIS VUITTON SE	Equity	22,397,502
LY CORPORATION	Equity	257,021
LYNAS RARE EARTHS LTD	Equity	114,715
M3 INC	Equity	106,618
MAHINDRA & MAHINDRA LTD(DEMAT)DEMATERIALIZED SHS	Equity	4,565,030
MAKEMYTRIP LIMITED	Equity	1,162,819
MARKS & SPENCER GROUP PLC	Equity	-
MAX HEALTHCARE INSTITUTE LTD	Equity	451,572
MEITUAN CL B	Equity	395,536
MERCADOLIBRE INC	Equity	807,718
MERCADOLIBRE INC	Equity	5,934,010
MERIDIAN ENERGY LTD	Equity	135,110

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
METSO CORPORATION	Equity	167,137
MINEBEA MITSUMI INC	Equity	246,644
MINOR INTERNATIONAL PCL NVDR	Equity	100,687
MITSUBISHI CHEMICAL GROUP CORP	Equity	236,603
MITSUBISHI ELECTRIC CORP ORD	Equity	602,981
MITSUBISHI HEAVY INDS LTD	Equity	715,832
MITSUBISHI UFJ FINL GRP INC	Equity	826,013
MITSUI FUDOSAN CO	Equity	169,366
MIZRAHI TEFAHOT BANK LTD	Equity	146,239
MIZUHO FINANCIAL GROUP INC	Equity	280,197
MMG LTD	Equity	184,805
MONDAY.COM LTD	Equity	120,704
MOWI ASA	Equity	311,672
MTN GROUP LTD	Equity	168,415
MTU AERO ENGINES AG	Equity	318,590
MTU AERO ENGINES AG	Equity	11,697,623
NASPERS LTD N SHS	Equity	465,415
NASPERS LTD N SHS	Equity	4,479,468
NATIONAL BANK OF GREECE SA	Equity	2,988,787
NATWEST GROUP PLC	Equity	322,172
NEC CORP	Equity	427,132
NEMETSCHEK SE	Equity	183,764
NESTLE SA (REG)	Equity	553,894
NESTLE SA (REG)	Equity	19,418,690
NEXT PLC	Equity	127,236
NICE LTD	Equity	198,591
NIDEC CORP	Equity	205,523
NINTENDO CO LTD	Equity	500,530
NINTENDO CO LTD	Equity	5,821,027
NIPPON PAINT HOLDINGS CO LTD	Equity	191,926
NITTO DENKO CORP (NITTO ELECTRIC)	Equity	4,027,113
NN GROUP NV	Equity	234,013
NOMURA RESEARCH INSTITUTE LTD	Equity	123,003
NORSK HYDRO AS ORD	Equity	262,629
NORTHERN STAR RESOURCES LTD	Equity	373,391
NOVA MEASURING INSTRUMENTS LTD	Equity	213,920
NOVARTIS AG (REG)	Equity	548,761
NOVONESIS (NOVOZYMES) B	Equity	298,103
NOVO-NORDISK AS CL B	Equity	158,386

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
NOVO-NORDISK AS CL B	Equity	12,121,501
NU HOLDINGS LTD/CAYMAN ISLANDS	Equity	631,567
NU HOLDINGS LTD/CAYMAN ISLANDS	Equity	3,180,600
OBIC CO LTD	Equity	273,375
ORIX CORP	Equity	456,447
OTP BANK (REG)	Equity	6,006,497
PAN AM SILVER CORP	Equity	162,897
PAN PACIFIC INTERNATIONAL HOLDINGS LTD	Equity	263,668
PANASONIC HOLDINGS CORP	Equity	213,150
PARTNERS GROUP HOLDING AG	Equity	4,748,907
PICC PROPERTY & CASUALTY CO H	Equity	2,572,968
PIOTECH INC-A (HSBC) (ELN) 01/10/2028	Equity	844,330
PIRAEUS BANK SA	Equity	1,227,939
POP MART INTERNATIONAL GROUP LTD	Equity	212,235
PRIO SA	Equity	164,781
PRO MEDICUS LTD	Equity	140,617
PROSUS NV	Equity	897,355
PRUDENTIAL PLC	Equity	199,984
PRUDENTIAL PLC	Equity	8,353,537
PRYSMIAN SPA	Equity	462,497
PUBLIC POWER CORP OF GREECE	Equity	166,297
PUBLICIS GROUPE SA	Equity	5,179,088
QANTAS AIRWAYS LTD	Equity	111,554
QUANTA COMPUTER INC	Equity	312,325
RAIA DROGASIL SA	Equity	229,161
RAKUTEN GROUP INC	Equity	239,078
RATIONAL AG	Equity	8,653,959
RB GLOBAL INC	Equity	320,703
REA GROUP LTD	Equity	118,591
RECKITT BENCKISER GROUP PLC	Equity	280,170
RECORDATI SPA	Equity	175,240
RECRUIT HOLDINGS CO LTD	Equity	316,287
REDE D’OR SAO LUIZ SA	Equity	198,613
REDE D’OR SAO LUIZ SA	Equity	1,279,125
RELIANCE INDS GDR	Equity	5,980,520
RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS	Equity	1,636,528
RELX PLC	Equity	10,347,467
RENAULT SA ORD	Equity	117,967

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
RESONA HOLDINGS INC	Equity	213,504
RESONA HOLDINGS INC	Equity	6,114,028
RHEINMETALL AG ORD	Equity	599,877
RHEINMETALL AG ORD	Equity	8,179,978
ROCHE HOLDINGS AG (GENUSSCHEINE)	Equity	603,696
ROLLS-ROYCE HOLDINGS PLC	Equity	970,281
ROLLS-ROYCE HOLDINGS PLC	Equity	7,004,117
RUIJIE NETWORKS CO LTD (HSBC) (ELN) 10/22/2027	Equity	2,026,464
RYANAIR HOLDINGS PLC	Equity	462,635
RYANAIR HOLDINGS PLC SPON ADR	Equity	6,926,847
RYOHIN KEIKAKU CO LTD	Equity	156,292
S&P GLOBAL INC	Equity	16,191,406
SAAB AB CL B	Equity	285,544
SABESP ON (CIA SANEAM BASICO)	Equity	2,030,176
SAFRAN SA	Equity	878,654
SAFRAN SA	Equity	7,727,195
SAINSBURY (J) PLC	Equity	91,367
SALMAR ASA	Equity	173,611
SAMSUNG BIOLOGICS CO LTD	Equity	281,083
SAMSUNG BIOLOGICS CO LTD	Equity	1,953,467
SAMSUNG ELECTRONICS CO LTD	Equity	2,080,486
SAMSUNG ELECTRONICS CO LTD	Equity	17,985,458
SAMSUNG HEAVY INDS CO LTD	Equity	251,981
SANDVIK AB	Equity	439,154
SANRIO CO LTD	Equity	113,006
SAP SE	Equity	1,376,318
SAP SE	Equity	7,617,619
SAP SE	Equity	11,602,601
SAP SE	Equity	16,567,728
SARTORIUS AG PFD NON VTG	Equity	197,837
SARTORIUS STEDIM BIOTECH	Equity	154,245
SARTORIUS STEDIM BIOTECH	Equity	10,269,015
SCHINDLER HOLDING AG PART CERT	Equity	15,066,142
SCHNEIDER ELECTRIC SE	Equity	873,988
SCHNEIDER ELECTRIC SE	Equity	10,771,646
SCHNEIDER ELECTRIC SE	Equity	12,739,362
SCOUT24 SE	Equity	204,185
SCSK CORP	Equity	148,122

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
SEA LTD ADR	Equity	419,578
SEA LTD ADR	Equity	878,319
SEA LTD ADR	Equity	9,145,748
SECOM CO LTD	Equity	9,000,374
SEVERN TRENT PLC	Equity	295,003
SGH LTD	Equity	165,160
SHANDONG GOLD-MINING CO LTD H	Equity	175,607
SHELL PLC	Equity	341,527
SHOPIFY INC CL A	Equity	952,077
SHOPIFY INC CL A	Equity	8,235,708
SIBANYE STILLWATER LTD	Equity	217,942
SIEMENS AG (REGD)	Equity	306,625
SIEMENS ENERGY AG	Equity	811,327
SIEMENS ENERGY INDIA LTD	Equity	1,322,955
SIEYUAN ELECTRIC CO LTD WT 11/15/27	Equity	2,285,572
SIGMA HEALTHCARE LTD	Equity	171,083
SINGAPORE TECH ENGINEERING LTD	Equity	202,410
SK HYNIX INC	Equity	1,316,247
SK HYNIX INC	Equity	11,390,908
SK HYNIX INC	Equity	13,721,215
SK SQUARE CO LTD	Equity	365,388
SKANSKA AB SER B	Equity	232,555
SMC CORP	Equity	3,678,414
SMITH & NEPHEW PLC	Equity	324,839
SOC QUIMICA Y MIN CH PFD B	Equity	229,395
SOCIETE GENERALE SA CL A	Equity	765,845
SOFTBANK GROUP CORP	Equity	5,154,270
SONY GROUP CORP	Equity	154,137
SONY GROUP CORP	Equity	8,729,413
SOUTHERN COPPER CORP	Equity	3,309,136
SPIRAX GROUP PLC	Equity	4,614,344
SPOTIFY TECHNOLOGY SA	Equity	795,573
SPOTIFY TECHNOLOGY SA	Equity	5,430,219
STANDARD CHARTERED PLC	Equity	337,376
STANTEC INC	Equity	172,970
STANTEC INC	Equity	5,185,801
STORA ENSO AB R 1/10 VTG(FINL)	Equity	145,582
STRAUMANN HOLDG AG (REGD)	Equity	307,954
SUMITOMO ELECTRIC INDS LTD	Equity	177,669

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
SUMITOMO MITSUI FINL GROUP INC	Equity	376,530
SUMITOMO MITSUI TRUST GROUP INC	Equity	131,136
SWEDISH ORPHAN BIOVITRUM AB	Equity	190,755
SYMRISE AG	Equity	11,765,597
TAISEI CORP	Equity	359,889
TAIWAN SEMIC MFG CO LTD SP ADR	Equity	25,780,204
TAIWAN SEMIC MFG CO LTD SP ADR	Equity	43,772,923
TAIWAN SEMICONDUCTOR MFG CO LTD	Equity	5,339,372
TAIWAN SEMICONDUCTOR MFG CO LTD	Equity	38,647,563
TAIWAN SEMICONDUCTOR MFG CO LTD	Equity	40,663,275
TECHTRONIC INDUSTRIES CO LTD	Equity	236,801
TENCENT HOLDINGS LTD	Equity	2,193,519
TENCENT HOLDINGS LTD	Equity	15,787,179
TENCENT HOLDINGS LTD	Equity	18,314,652
TENCENT HOLDINGS LTD	Equity	20,164,981
TENCENT MUSIC ENTERTAINMENT ADR	Equity	199,264
TENCENT MUSIC ENTERTAINMENT ADR	Equity	1,989,655
TERUMO CORP	Equity	440,552
TESCO PLC	Equity	217,849
THE SAGE GROUP PLC	Equity	352,958
TIM SA	Equity	-
TMX GROUP LTD	Equity	178,203
TOKYO ELECTRON LTD	Equity	8,282,022
TOKYO GAS CO LTD	Equity	332,750
TORAY INDUSTRIES INC	Equity	293,680
TOTVS SA	Equity	172,014
TOYOTA MOTOR CORP	Equity	209,964
TRANSURBAN GROUP STAPLED UNIT	Equity	312,248
TRIP.COM GROUP LTD	Equity	167,281
TRIP.COM GROUP LTD ADR	Equity	10,590,114
TUPRAS TURKIY PETROL RAFINE AS	Equity	135,544
TVS MOTOR CO LTD	Equity	3,040,722
TVS MOTOR CO LTD PFD 6% 08/25/2026	Equity	-
UBS GROUP AG	Equity	1,381,206
UBS GROUP AG	Equity	7,380,148
UBS GROUP AG	Equity	16,171,038
UCB SA	Equity	669,321
UNICHARM CORP	Equity	1,134,748
UNICREDIT SPA	Equity	771,110

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
UNILEVER PLC ORD	Equity	9,356,527
UNITED UTILITIES GROUP PLC	Equity	310,093
UNIVERSAL MUSIC GROUP NV	Equity	390,381
UNIVERSAL MUSIC GROUP NV	Equity	5,079,921
UNIVERSAL MUSIC GROUP NV	Equity	10,299,374
UPM KYMMENE CORP	Equity	263,889
VAT GROUP AG	Equity	186,105
VEOLIA ENVIRONNEMENT	Equity	362,926
VESTAS WIND SYSTEMS AS	Equity	421,410
WARTSILA	Equity	263,944
WHEATON PRECIOUS METALS CORP	Equity	374,436
WISE PLC	Equity	5,265,203
WISETECH GLOBAL LTD	Equity	141,995
WISTRON CORP	Equity	288,020
WIWYNN CORP	Equity	143,053
WOOLWORTHS GROUP LTD	Equity	319,806
WSP GLOBAL INC	Equity	316,682
WUXI APPTEC CO LTD H	Equity	1,457,159
WUXI BIOLOGICS (CAYMAN) INC	Equity	155,530
XERO LTD	Equity	202,935
XIAOMI CORP B	Equity	484,768
XIAOMI CORP B	Equity	1,443,193
XPENG INC CL A	Equity	268,147
YANGZIJIANG SHIPBLDG HLDGS LTD	Equity	141,593
YARA INTERNATIONAL ASA	Equity	220,020
YOKOGAWA ELECTRIC	Equity	153,708
ZABKA GROUP SA	Equity	107,483
ZABKA GROUP SA	Equity	6,798,060
ZHAOJIN MINING INDUST CO LTD H	Equity	225,138
ZHEJIANG CHINA COM CITY GR LTD CWT 07/23/2027	Equity	1,410,335
ZIJIN MINING GROUP CO LTD H	Equity	219,934
ZURICH INSURANCE GROUP AG	Equity	225,647
Common Collective Trusts
SSBK GOVT STIF FUND	Common collective trust	91,281,526
International Growth Account Total		1,846,721,849

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
International Value Account
Currency
AUSTRALIAN DOLLAR CURRENCY	Currency	1,178,236
BRAZILIAN REAL	Currency	233,871
BRITISH POUND STERLING CURRENCY	Currency	1,773,648
CANADIAN DOLLAR	Currency	1,653,143
CHINESE RENMINBI	Currency	24,051
DANISH KRONE	Currency	203,200
EURO MONETARY UNIT.	Currency	3,915,437
HONG KONG DOLLAR	Currency	428,633
ISRAELI SHEKEL	Currency	386,778
JAPANESE YEN	Currency	1,404,458
MALAYSIAN RINGGIT	Currency	3,236
NORWEGIAN KRONA	Currency	158,527
PHILIPPINE PESO	Currency	37,455
POLAND ZLOTY NEW	Currency	-
SINGAPORE DOLLAR CURRENCY	Currency	899,530
SOUTH KOREAN WON	Currency	829,947
SWEDISH KRONA CURRENCY	Currency	505,979
SWISS FRANC	Currency	651,038
TAIWAN DOLLAR	Currency	1,055,358
Equity
3I GROUP PLC	Equity	1,066,910
3I GROUP PLC	Equity	1,314,538
ABB LTD	Equity	4,982,076
ABN AMRO BANK NV-GDR	Equity	866,513
ABN AMRO BANK NV-GDR	Equity	1,612,874
ABN AMRO BANK NV-GDR	Equity	2,823,073
ABSA GROUP LTD	Equity	6,179,116
ACCELLERON INDUSTRIES LTD	Equity	2,348,862
ACCENTURE PLC CL A	Equity	4,525,953
ACCOR SA	Equity	3,529,122
ADECCO GROUP AG	Equity	807,755
AEGON LTD	Equity	479,460
AEGON LTD	Equity	4,761,364
AGEAS	Equity	533,964
AGEAS	Equity	1,609,202
AGEAS	Equity	2,457,937
AIA GROUP LTD	Equity	1,096,447
AIA GROUP LTD	Equity	15,116,188
AIB GROUP PLC	Equity	614,448

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
AIB GROUP PLC	Equity	2,232,872
AIB GROUP PLC	Equity	3,699,963
ALFRESA HOLDINGS CORP	Equity	436,258
ALIBABA GROUP HOLDING LTD	Equity	375,940
ALIBABA GROUP HOLDING LTD	Equity	5,963,226
ALIBABA GROUP HOLDING LTD	Equity	10,515,461
ALLIANZ SE (REGD)	Equity	2,538,721
ALLIANZ SE (REGD)	Equity	4,471,674
ALPS ALPINE CO LTD	Equity	176,518
ALROSA CO LTD	Equity	15
AMADA CO LTD	Equity	458,034
AMADA CO LTD	Equity	827,630
AMBEV SA	Equity	1,381,121
AMBEV SA	Equity	4,221,928
AMERICA MOVIL SAB DE CV SPON ADR	Equity	1,642,066
AMG CRITICAL MATERIALS N.V.	Equity	327,716
AMOREPACIFIC NEW	Equity	7,380,621
AMPOL LTD	Equity	1,521,426
AMS-OSRAM AG	Equity	133,235
AMUNDI SA	Equity	257,287
AMUNDI SA	Equity	6,689,219
ANGLO AMERICAN PLC	Equity	1,026,923
ANZ GROUP HOLDINGS LTD	Equity	2,724,195
ARCELORMITTAL SA	Equity	8,993,715
ARKEMA	Equity	727,963
ARKEMA	Equity	5,904,788
ARKEMA	Equity	6,786,458
ASM INTERNATIONAL NV (NETH)	Equity	2,399,070
ASML HOLDING NV	Equity	1,101,237
ASMPT LTD	Equity	841,325
ASMPT LTD	Equity	6,144,192
ASR NEDERLAND NV	Equity	566,363
ASTRA INTL TBK PT (DEMAT)	Equity	8,565,863
ASTRAZENECA PLC	Equity	15,199,224
AUMOVIO SE	Equity	436,808
AUTOLIV INC	Equity	7,797,759
AVIVA PLC	Equity	1,254,014
AXA SA	Equity	1,742,915
AXA SA	Equity	2,440,986

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
AXA SA	Equity	3,649,686
AXIS BK LTD	Equity	8,502,446
AYALA LAND INC	Equity	5,583,504
B3 SA BRASIL BOLSA BALCAO	Equity	6,010,424
BAE SYSTEMS PLC	Equity	11,577,577
BAIDU INC CL A	Equity	1,834,971
BAIDU INC CL A	Equity	12,212,889
BANCA MONTE DEI PASCH SIEN SPA	Equity	1,007,754
BANCO BILBAO VIZ ARGENTARIA SA	Equity	3,607,812
BANCO BPM SPA	Equity	808,204
BANCO BPM SPA	Equity	890,846
BANCO BRADES SA PFD SPON ADR	Equity	2,325,382
BANCO COMERCIAL PORTUGUE (REG)	Equity	388,086
BANCO DE SABADELL SA	Equity	1,031,520
BANCO DE SABADELL SA	Equity	4,882,605
BANCO DO BRASIL SA	Equity	3,249,348
BANCO SANTANDER SA	Equity	4,621,091
BANK HAPOALIM LTD (REG)	Equity	1,177,692
BANK HAPOALIM LTD (REG)	Equity	2,049,473
BANK LEUMI LE-ISRAEL BM	Equity	894,741
BANK LEUMI LE-ISRAEL BM	Equity	1,279,033
BANK MANDIRI (PERSERO) PT	Equity	11,325,456
BANK NEGARA INDO PT TBK(DEMAT)	Equity	991,605
BANK OF CHINA HONG KONG LTD	Equity	1,964,613
BANK OF IRELAND GROUP PLC	Equity	936,562
BANK OF IRELAND GROUP PLC	Equity	2,231,600
BANK OF IRELAND GROUP PLC	Equity	10,202,577
BANK OF MONTREAL	Equity	2,760,209
BANK OF NOVA SCOTIA	Equity	597,401
BANK OF NOVA SCOTIA	Equity	2,834,706
BANK RAKYAT INDONESIA TBK PT	Equity	2,538,032
BANKINTER SA	Equity	566,454
BARCLAYS PLC ORD	Equity	3,067,912
BARCLAYS PLC ORD	Equity	3,820,150
BARCLAYS PLC ORD	Equity	7,547,749
BARRICK MINING CORP	Equity	1,522,335
BASF SE	Equity	1,903,623
BASF SE	Equity	10,701,392
BAWAG GROUP AG	Equity	449,800

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
BAYER AG	Equity	8,078,038
BDO UNIBANK INC	Equity	6,696,417
BEAZLEY PLC/UK	Equity	1,870,238
BHP GROUP LIMITED	Equity	5,060,637
BHP GROUP LIMITED	Equity	7,637,494
BIDVEST GROUP LTD	Equity	6,187,274
BIPROGY INC	Equity	238,487
BIPROGY INC	Equity	5,053,159
BIZLINK HOLDING INC	Equity	23,087,691
BNP PARIBAS	Equity	2,764,496
BNP PARIBAS	Equity	2,970,051
BNP PARIBAS	Equity	6,562,083
BNP PARIBAS	Equity	14,800,599
BOARDWALK REIT UNIT	Equity	1,714,706
BOLIDEN AB	Equity	2,228,905
BP PLC	Equity	2,654,577
BPER BANCA	Equity	744,025
BPER BANCA	Equity	2,022,232
BRADESCO SA PREF (BANCO BRAESCO)	Equity	4,714,346
BRADESCO SA PREF (BANCO BRAESCO)	Equity	5,440,120
BRAMBLES LTD	Equity	722,970
BRIDGESTONE CORP	Equity	4,293,792
BRITISH AMERICAN TOBACCO PLC	Equity	4,979,828
BRITISH LAND CO PLC	Equity	898,589
BT GROUP PLC	Equity	1,732,801
BUDWEISER BREWING CO APAC LTD	Equity	6,596,465
BURBERRY GROUP PLC	Equity	768,618
BURBERRY GROUP PLC	Equity	998,875
CAIXABANK SA	Equity	1,705,238
CAIXABANK SA	Equity	1,738,822
CANADIAN APT PPTY REIT TR UNIT	Equity	2,562,674
CANADIAN IMP BK OF COMMERCE	Equity	2,627,938
CAPGEMINI SA (FF40)	Equity	11,108,593
CARREFOUR SA (SUPERMARCHE)	Equity	1,416,062
CCL INDUSTRIES INC B NON VTG	Equity	1,781,312
CENTRICA PLC	Equity	2,311,938
CHIBA BANK LTD	Equity	580,286
CHIBA BANK LTD	Equity	1,664,863
CHIBA BANK LTD	Equity	8,488,915

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
CHINA HONGXING SPORTS LTD	Equity	28
CHINA INTERNATIONAL CAPITAL CORP LTD H	Equity	5,221,687
CHINA MENGNIU DAIRY CO LTD	Equity	747,770
CHINA MENGNIU DAIRY CO LTD	Equity	6,920,905
CHINA MERCHANTS BANK CO LTD H	Equity	4,654,015
CHINA MERCHANTS BANK CO LTD H	Equity	7,421,824
CHINA OVERSEAS LAND & INV LTD	Equity	3,343,971
CK ASSET HOLDINGS LTD	Equity	1,043,286
CK ASSET HOLDINGS LTD	Equity	1,684,919
CK HUTCHISON HOLDINGS LTD	Equity	1,147,746
CNH INDUSTRIAL NV	Equity	4,795,174
COCA COLA BOTTLERS JAPAN HOLDINGS INC	Equity	18,208
COCA-COLA ICECEK SANAYI AS	Equity	124,351
COMMERZBANK AG	Equity	1,034,272
COMMONWEALTH BK OF AUSTRALIA	Equity	1,529,229
CONTINENTAL AG	Equity	965,667
CONTINENTAL AG	Equity	5,817,882
COSAN SA INDUSTRIA E COMERCIO	Equity	5,376,066
COSMO ENERGY HOLDINGS CO LTD	Equity	692,990
COWAY CO LTD	Equity	320,834
CREDIT AGRICOLE SA	Equity	1,066,032
CREDIT AGRICOLE SA	Equity	1,334,216
DAI-ICHI LIFE HOLDINGS INC	Equity	455,443
DAI-ICHI LIFE HOLDINGS INC	Equity	617,465
DAI-ICHI LIFE HOLDINGS INC	Equity	1,975,555
DAIICHI SANKYO CO LTD	Equity	297,097
DAIICHI SANKYO CO LTD	Equity	4,678,736
DAIKIN INDUSTRIES LTD	Equity	10,896,323
DAIMLER TRUCK HOLDING AG	Equity	1,692,147
DAIMLER TRUCK HOLDING AG	Equity	10,300,248
DAIMLER TRUCK HOLDING AG	Equity	11,078,867
DAIWA SECURITIES GROUP INC	Equity	1,052,548
DANONE SA	Equity	755,241
DANSKE BK AS	Equity	1,274,470
DANSKE BK AS	Equity	3,576,677
DANSKE BK AS	Equity	9,710,516
DBS GROUP HOLDINGS LTD	Equity	3,243,002
DCC PLC	Equity	1,085,124
DENTSU GROUP INC	Equity	1,081,191

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
DERWENT LONDON PLC	Equity	5,296,554
DEUTSCHE BANK AG	Equity	2,180,760
DIAGEO PLC	Equity	5,812,387
DNB BANK ASA	Equity	705,258
DOLLARAMA INC	Equity	816,794
DRAX GROUP PLC	Equity	1,879,367
EASYJET PLC	Equity	1,536,713
EDENRED	Equity	258,809
EDP S.A.	Equity	1,667,641
EIFFAGE SA (FORM FOUGEROLLE)	Equity	875,725
EISAI CO LTD	Equity	781,526
ELBIT SYSTEMS LTD	Equity	530,987
ELECTRIC POWER DEVELOP CO LTD	Equity	1,762,831
ENEL (ENTE NAZ ENERG ELET) SPA	Equity	375,561
ENEL (ENTE NAZ ENERG ELET) SPA	Equity	8,884,532
ENEOS HOLDINGS INC	Equity	1,523,680
ENERFLEX LTD	Equity	487,441
ENGIE SA	Equity	2,962,826
ENGIE SA	Equity	9,030,957
ENI SPA	Equity	2,229,581
ENN ENERGY HOLDINGS LTD	Equity	8,164,216
EQUINOR ASA	Equity	9,890,189
ERG SPA	Equity	938,617
ERICSSON (LM) TELE CO CL B	Equity	1,638,535
ERSTE GROUP BANK AG	Equity	1,525,991
ERSTE GROUP BANK AG	Equity	2,641,795
ERSTE GROUP BANK AG	Equity	15,531,761
EVONIK INDUSTRIES AG	Equity	970,804
EVONIK INDUSTRIES AG	Equity	5,831,873
EXOR NV	Equity	264,881
FAIRFAX FINL HLDGS LTD SUB VTG	Equity	1,686,687
FANUC CORPORATION	Equity	10,393,759
FID BANK TRST ST INV FUND	Equity	-
FIRST ABU DHABI BANK PJSC	Equity	7,749,970
FORVIA	Equity	643,786
FRESENIUS MEDICAL CARE AG	Equity	6,809,340
FRESENIUS SE & CO KGAA	Equity	1,954,148
FRESNILLO PLC	Equity	11,601,430
FUKUOKA FINANCIAL GROUP INC	Equity	3,529,173

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
FUTURES CASH COLLATERAL	Equity	4,832,234
GALAXY ENT GROUP LTD	Equity	6,334,107
GALAXY ENT GROUP LTD	Equity	7,517,159
GALP ENERGIA SGPS SA	Equity	2,208,360
GAZTRANSPORT ET TECHNIGA	Equity	1,354,507
GENERALI	Equity	1,386,064
GENMAB AS	Equity	1,475,365
GLENCORE PLC	Equity	528,281
GLOBALWAFERS CO LTD	Equity	10,962,622
GMO PAYMENT GATEWAY INC	Equity	7,515,239
GOEASY LTD	Equity	526,097
GOLD FIELDS LTD	Equity	10,681,084
GRANITE REAL ESTATE INVT TR	Equity	1,589,492
GREAT WALL MOTOR CO LTD H	Equity	4,826,433
GREAT WEST LIFECO INC	Equity	761,898
GRUPO CIBEST SA SPON ADR	Equity	10,611,484
GRUPO FINANCIERO BANORTE SAB	Equity	7,796,976
GSK PLC	Equity	2,402,524
GSK PLC	Equity	4,409,095
GSK PLC	Equity	8,948,855
HAIER SMART HOME CO LTD	Equity	3,828,545
HAKUHODO DY HOLDINGS INC	Equity	350,382
HANKOOK TIRE AND TECHNOLOGY CO L	Equity	454,878
HANNOVER RUECKVERSICHERUNGS SE(REGD)	Equity	426,399
HEADHUNTER GROUP INC ADR	Equity	1
HEINEKEN NV	Equity	1,472,465
HELLOFRESH AG	Equity	223,620
HENKEL AG & CO KGAA PREF	Equity	1,220,996
HIKMA PHARMACEUTICALS PLC	Equity	690,563
HINO MOTORS LTD	Equity	200,787
HIROGIN HOLDINGS INC	Equity	126,205
HIWIN TECHNOLOGIES CORP	Equity	8,773,779
HONDA MOTOR CO LTD	Equity	1,331,154
HONDA MOTOR CO LTD	Equity	9,046,946
HONG KONG EXCHS & CLEARING LTD	Equity	2,691,950
HORIBA	Equity	649,037
HSBC HOLDINGS PLC	Equity	6,576,513
HSBC HOLDINGS PLC	Equity	7,051,813
HSBC HOLDINGS PLC	Equity	10,144,348

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
HUGO BOSS AG	Equity	821,631
HUSQVARNA AB B SHR	Equity	715,071
HYPERA SA	Equity	6,792,172
HYUNDAI MOBIS	Equity	1,695,702
HYUNDAI MOTOR CO	Equity	11,471,958
IA FINANCIAL CORP INC	Equity	667,502
IA FINANCIAL CORP INC	Equity	2,526,454
IBERDROLA SA	Equity	3,149,656
ICG PLC	Equity	462,953
IDEMITSU KOSAN CO LTD	Equity	3,579,814
IGM FINANCIAL INC	Equity	199,271
IGO LTD	Equity	1,654,152
IIDA GROUP HOLDINGS CO LTD	Equity	1,931,073
IMPERIAL BRANDS PLC	Equity	3,138,687
INDUSTRIVARDEN AB SER C	Equity	522,531
ING GROEP NV	Equity	2,562,119
ING GROEP NV	Equity	2,598,208
ING GROEP NV	Equity	4,030,255
ING GROEP NV	Equity	11,156,627
INSURANCE AUSTRALIA GROUP LTD	Equity	1,170,114
INTACT FINL CORP	Equity	856,638
INTESA SANPAOLO SPA	Equity	2,852,732
INVESTEC PLC	Equity	5,911,049
INVESTOR AB SER B	Equity	1,627,040
IQIYI INC ADR	Equity	4,057,471
iShares Core MSCI EAFE ETF	Equity	383,336
ISRAEL DISCOUNT BANK LTD CL A	Equity	648,045
ISUZU MOTORS LTD	Equity	186,731
ISUZU MOTORS LTD	Equity	12,339,223
JAPAN AIRLINES CO LTD	Equity	604,961
JAPAN POST HOLDINGS CO LTD	Equity	1,235,978
JAPAN POST HOLDINGS CO LTD	Equity	2,248,574
JAPAN POST INSURANCE CO LTD	Equity	520,414
JAPAN POST INSURANCE CO LTD	Equity	1,746,845
JD.COM INC CL A	Equity	8,905,702
JERONIMO MARTINS & FILHO SGPS	Equity	2,521,122
JGC HOLDINGS CORP	Equity	663,064
JOHNSON MATTHEY PLC	Equity	703,427
JULIUS BAER GRUPPE AG	Equity	822,993

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
JULIUS BAER GRUPPE AG	Equity	9,237,106
JYSKE BANK AS (REG)	Equity	2,938,329
KAO CORP	Equity	127,906
KASIKORNBANK PCL (FOR)	Equity	2,389,535
KASIKORNBANK PCL (FOR)	Equity	5,064,131
KASIKORNBANK PCL (FOR)	Equity	9,003,051
KB FINANCIAL GROUP INC	Equity	1,604,575
KBC GROUPE SA	Equity	507,275
KBC GROUPE SA	Equity	1,225,043
KDDI CORP	Equity	6,504,965
KIMBERLY-CLARK DE MEXICO CL A	Equity	7,596,432
KINAXIS INC	Equity	756,606
KINGFISHER PLC	Equity	1,148,430
KINROSS GOLD CORP	Equity	3,068,652
KIRIN HOLDINGS CO LTD	Equity	2,001,136
KOITO MANUFACTURING CO LTD	Equity	1,133,912
KOMATSU LTD	Equity	2,030,675
KONECRANES OYJ	Equity	1,263,522
KONINKLIJKE AHOLD DELHAIZE NV	Equity	3,190,110
KONINKLIJKE BAM GROEP NV	Equity	156,749
KONINKLIJKE HEIJMANS NV	Equity	199,562
KONINKLIJKE PHILIPS NV	Equity	2,227,811
KONINKLIJKE PHILIPS NV	Equity	6,083,560
KOREA ELECTRIC POWER CORP	Equity	11,776,993
KT CORP SPON ADR	Equity	1,254,524
KUBOTA CORP	Equity	1,737,654
KUBOTA CORP	Equity	3,837,839
KYUSHU ELEC POWER CO INC	Equity	2,724,731
LAND SECURITIES GROUP PLC	Equity	997,072
LARGAN PRECISION CO LTD	Equity	9,491,934
LEG IMMOBILIEN SE	Equity	2,627,478
LI NING CO LTD	Equity	7,426,209
LLOYDS BANKING GROUP PLC	Equity	2,721,290
LOGITECH INTL SA REG	Equity	1,619,271
LOJAS RENNER SA	Equity	714,048
LOJAS RENNER SA	Equity	4,722,088
LONDON STOCK EXCHANGE GRP PLC	Equity	6,976,690
LONGFOR GROUP HOLDINGS LTD	Equity	5,031,930
LOTTOMATICA GROUP SPA	Equity	1,526,004

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
LY CORPORATION	Equity	296,174
MAGNA INTL INC	Equity	3,819,468
MAGNA INTL INC	Equity	4,209,421
MAGNUM ICE CREAM CO BV/THE	Equity	4,495,220
MANULIFE FINANCIAL CORP	Equity	2,091,860
MANULIFE FINANCIAL CORP	Equity	3,743,765
MAPFRE SA	Equity	228,195
MARUI GROUP CO LTD	Equity	3,584,144
MEDIA TEK INC	Equity	8,392,447
MEDIA TEK INC	Equity	16,829,593
MEDIOBANCA SPA	Equity	836,204
MEDTRONIC PLC	Equity	5,774,551
MEIJI HOLDINGS CO LTD	Equity	2,805,532
MERCEDES-BENZ GROUP AG	Equity	731,568
MERCEDES-BENZ GROUP AG	Equity	5,088,152
MERCEDES-BENZ GROUP AG	Equity	6,416,313
MGM CHINA HOLDINGS LIMITED	Equity	778,241
MICHELIN CL B (REG)	Equity	11,041,086
MINEBEA MITSUMI INC	Equity	8,622,510
MISUMI GROUP INC	Equity	7,817,153
MITSUBISHI ESTATE CO LTD	Equity	1,805,730
MITSUBISHI ESTATE CO LTD	Equity	8,815,816
MITSUBISHI GAS CHEMICAL CO	Equity	744,861
MITSUBISHI HC CAPITAL INC	Equity	610,974
MITSUBISHI UFJ FINL GRP INC	Equity	3,176,729
MITSUBISHI UFJ FINL GRP INC	Equity	6,402,796
MIZRAHI TEFAHOT BANK LTD	Equity	527,760
MIZUHO FINANCIAL GROUP INC	Equity	1,783,797
MIZUHO FINANCIAL GROUP INC	Equity	2,237,934
MIZUHO FINANCIAL GROUP INC	Equity	7,689,032
MONDI PLC	Equity	916,528
MORINAGA MILK IND CO LTD	Equity	320,953
MOWI ASA	Equity	281,224
MS&AD INSURANCE GRP HLDGS INC	Equity	1,034,551
MS&AD INSURANCE GRP HLDGS INC	Equity	1,681,145
MTN GROUP LTD	Equity	1,690,793
MTU AERO ENGINES AG	Equity	357,004
MUNICH REINSURANCE (REG)	Equity	2,025,698
MUNICH REINSURANCE (REG)	Equity	6,433,211

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
MURATA MFG CO LTD	Equity	124,336
MURATA MFG CO LTD	Equity	8,251,770
NATIONAL AUSTRALIA BANK LTD	Equity	2,213,754
NATIONAL BANK OF CANADA DTC ELIGIBLE	Equity	1,395,921
NATIONAL BANK OF CANADA DTC ELIGIBLE	Equity	1,688,813
NATURA COSMETICOS SA	Equity	636,489
NATURGY ENERGY GROUP SA	Equity	180,939
NATWEST GROUP PLC	Equity	2,530,746
NATWEST GROUP PLC	Equity	4,252,702
NCC AB SER B	Equity	170,726
NEMETSCHEK SE	Equity	379,524
NESTLE SA (REG)	Equity	1,460,284
NESTLE SA (REG)	Equity	9,654,075
NEXANS SA	Equity	1,473,966
NEXI SPA	Equity	128,160
NEXT PLC	Equity	657,016
NICHIREI CORP	Equity	412,178
NIKON CORP	Equity	441,678
NIPPON YUSEN KABUSHIKI KAISHA	Equity	372,810
NISSAN MOTOR CO LTD ORD	Equity	687,830
NN GROUP NV	Equity	923,770
NN GROUP NV	Equity	2,203,234
NOKIA CORP SPON ADR	Equity	7,197,661
NOKIA OYJ	Equity	2,033,600
NOKIA OYJ	Equity	11,643,924
NOMURA HOLDINGS INC	Equity	1,098,009
NOMURA HOLDINGS INC	Equity	1,262,462
NORDEA BANK ABP	Equity	1,776,172
NORDIC SEMICONDUCTOR ASA	Equity	1,281,465
NORSK HYDRO AS ORD	Equity	179,852
NOVARTIS AG (REG)	Equity	7,491,294
NOVARTIS AG (REG)	Equity	12,725,416
NUTRIEN LTD	Equity	1,278,221
OLD MUTUAL LTD	Equity	1,048,371
OLYMPUS CORP	Equity	7,728,198
ONEX CORP SUB-VTG	Equity	1,366,170
ONO PHARMACEUTICAL CO LTD	Equity	266,153
OR ROYALTIES INC	Equity	205,262
ORANGE	Equity	2,617,521

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
ORIX CORP	Equity	1,668,792
OSB GROUP PLC	Equity	464,891
OTSUKA HOLDINGS CO LTD	Equity	8,185,320
OVERSEA-CHINESE BKG CORP LTD	Equity	2,601,036
PANDORA A/S	Equity	1,714,432
PAREX RESOURCES INC	Equity	8,830,137
PERSOL HOLDINGS CO LTD	Equity	755,534
PETRONET LNG LTD	Equity	5,700,138
PIGEON CORP	Equity	435,179
PING AN INSURANCE CO LTD H	Equity	13,155,634
POSTE ITALIANE SPA	Equity	595,792
POWER CORP OF CANADA SUB VTG	Equity	1,418,553
PROXIMUS	Equity	285,962
PRUDENTIAL PLC	Equity	1,665,839
PRUDENTIAL PLC	Equity	3,108,182
PRUDENTIAL PLC	Equity	10,100,554
PTT OIL & RETAIL BUSINESS PCL (FOR)	Equity	7,206,885
PUBLIC BANK BHD (LOC) (MLAY)	Equity	5,743,120
PUBLICIS GROUPE SA	Equity	6,552,568
QBE INSURANCE GROUP LTD	Equity	1,225,617
RAIFFEISEN BANK INTERNTNL AG	Equity	288,650
RAIZEN SA	Equity	129,769
RANDSTAD NV	Equity	937,374
RANDSTAD NV	Equity	5,661,181
RECKITT BENCKISER GROUP PLC	Equity	629,433
RECKITT BENCKISER GROUP PLC	Equity	2,210,701
RECKITT BENCKISER GROUP PLC	Equity	10,235,483
RECKITT BENCKISER GROUP PLC	Equity	11,823,952
REGIS RESOURCES LTD	Equity	2,985,478
RENAULT SA ORD	Equity	894,326
RENESAS ELECTRONICS CORP	Equity	2,427,720
REPSOL SA	Equity	2,858,763
RESONA HOLDINGS INC	Equity	208,738
RESONA HOLDINGS INC	Equity	885,468
RESONA HOLDINGS INC	Equity	1,895,607
RESONA HOLDINGS INC	Equity	4,487,388
REXEL SA	Equity	9,950,258
RINGKJOBING LANDBOBANK (REG)	Equity	930,207
RINNAI CORP	Equity	667,669

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
RINNAI CORP	Equity	1,324,719
ROCHE HOLDINGS AG (GENUSSCHEINE)	Equity	7,007,760
ROHM CO LTD	Equity	1,356,604
ROHM CO LTD	Equity	3,573,798
ROLLS-ROYCE HOLDINGS PLC	Equity	605,021
ROTORK PLC	Equity	9,177,799
ROYAL BANK OF CANADA	Equity	5,315,684
ROYAL BANK OF CANADA	Equity	6,051,980
ROYAL UNIBREW AS	Equity	390,494
RTL GROUP SA	Equity	324,614
RWE AG	Equity	593,595
SAINSBURY (J) PLC	Equity	655,023
SAINSBURY (J) PLC	Equity	9,238,726
SAMSUNG ELECTRO-MECHANICS CO	Equity	21,798,048
SAMSUNG ELECTRONICS CO LTD	Equity	10,501,264
SAMSUNG ELECTRONICS CO LTD	Equity	19,004,237
SANKI ENGINEERING CO LTD	Equity	172,229
SANOFI	Equity	3,158,144
SANOFI	Equity	7,181,771
SANOFI	Equity	10,354,108
SANTEN PHARMACEUTICAL CO LTD	Equity	1,455,345
SBI HOLDINGS INC	Equity	1,036,373
SCHRODERS PLC (NEW) ORD	Equity	228,921
SCOR SE	Equity	802,500
SCOUT24 SE	Equity	1,794,712
SEGA SAMMY HOLDINGS INC	Equity	352,103
SEIKO EPSON CORP	Equity	701,342
SHANDONG WEIGAO GP MED H	Equity	4,741,416
SHANDONG WEIGAO GP MED H	Equity	5,185,190
SHANGHAI PHARMA HLDG CO LTD H	Equity	5,672,234
SHELL PLC	Equity	4,379,466
SHELL PLC	Equity	5,265,361
SHELL PLC	Equity	7,160,264
SHELL PLC	Equity	8,238,829
SHENG SIONG GROUP LTD	Equity	271,716
SHIN-ETSU CHEMICAL CO LTD	Equity	8,763,560
SHINHAN FINANCIAL GROUP CO LTD	Equity	2,384,373
SHINHAN FINANCIAL GROUP CO LTD	Equity	3,394,052
SHIONOGI & CO LTD	Equity	4,066,344

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
SIAM CEMENT CO LTD (FOR)	Equity	5,851,713
SIBANYE STILLWATER LTD	Equity	11,421,699
SIEMENS AG (REGD)	Equity	8,816,510
SINGAPORE EXCHANGE LTD	Equity	588,467
SINGAPORE TECH ENGINEERING LTD	Equity	1,968,422
SK HYNIX INC	Equity	34,545,374
SK TELECOM LTD	Equity	1,519,403
SKANDINAVISKA ENSKI BK SER A	Equity	1,127,878
SKF AB SER B	Equity	1,772,142
SOCIETE GENERALE SA CL A	Equity	1,972,557
SOCIETE GENERALE SA CL A	Equity	4,811,989
SOCIETE GENERALE SA CL A	Equity	6,206,871
SOCIETE GENERALE SA CL A	Equity	7,520,428
SOFTBANK CORP	Equity	1,770,482
S-OIL CORPORATION	Equity	7,760,903
SOLARIA ENERGIA	Equity	963,471
SOMPO HOLDINGS INC	Equity	1,529,535
SOMPO HOLDINGS INC	Equity	2,943,248
SONY FINANCIAL HOLDINGS INC	Equity	536,554
SONY GROUP CORP	Equity	3,690,525
SOUTH32	Equity	4,652,360
SRISAWAD CORP PC (FOR)	Equity	7,780,700
ST GOBAIN CIE DE	Equity	1,568,904
STANDARD CHARTERED PLC	Equity	-
STANDARD CHARTERED PLC	Equity	2,078,557
STANDARD CHARTERED PLC	Equity	3,167,360
STANDARD CHARTERED PLC	Equity	4,705,629
STANLEY ELECTRIC	Equity	525,249
STANTEC INC	Equity	3,415,995
STELLA JONES INC	Equity	260,498
STOREBRAND ASA CL A	Equity	2,198,533
SUBARU CORP	Equity	1,198,567
SUMITOMO HEAVY INDUSTRIES LTD	Equity	497,170
SUMITOMO MITSUI FINL GROUP INC	Equity	2,439,401
SUMITOMO MITSUI FINL GROUP INC	Equity	2,687,203
SUMITOMO MITSUI FINL GROUP INC	Equity	3,913,340
SUMITOMO MITSUI TRUST GROUP INC	Equity	140,285
SUMITOMO MITSUI TRUST GROUP INC	Equity	1,100,930
SUMITOMO MITSUI TRUST GROUP INC	Equity	2,194,846

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
SUMITOMO MITSUI TRUST GROUP INC	Equity	9,704,044
SUMITOMO RUBBER INDUSTRIES LTD	Equity	560,849
SUN LIFE FINANCIAL INC	Equity	1,424,203
SUNCORP GROUP LTD	Equity	967,834
SUNDRUG CO LTD	Equity	728,479
SUNNY OPTICAL TEC(GROUP)CO LTD	Equity	8,481,417
SUNTORY BEVERAGE & FOOD LTD	Equity	10,055,135
SVENSKA HANDELSBANKEN SER A	Equity	809,880
SVENSKA HANDELSBANKEN SER A	Equity	1,410,992
SWATCH GROUP AG (BR)	Equity	1,296,976
SWEDBANK AB A	Equity	1,231,700
SWISS RE LTD	Equity	1,223,173
T&D HOLDINGS INC	Equity	2,483,466
TAG IMMOBILIEN AG	Equity	1,251,310
TAIHEIYO CEMENT CORP	Equity	347,051
TAIWAN SEMIC MFG CO LTD SP ADR	Equity	15,425,153
TAKEDA PHARMACEUTICAL CO LTD	Equity	1,011,819
TAKEDA PHARMACEUTICAL CO LTD	Equity	3,376,845
TAKEDA PHARMACEUTICAL CO LTD	Equity	4,586,830
TALANX AKTIENGESELLSCHAFT	Equity	173,324
TALANX AKTIENGESELLSCHAFT	Equity	422,210
TATE & LYLE PLC	Equity	533,205
TCS GROUP HOLDING PLC GDR	Equity	-
TDK CORP	Equity	7,730,878
TECHTRONIC INDUSTRIES CO LTD	Equity	2,212,067
TELE2 AB B SHS	Equity	661,242
TELEFONICA BRASIL SA	Equity	1,314,619
TELEPERFORMANCE	Equity	8,283,861
TELKOM INDONESIA PERSERO TBK PT (DEMAT) DEMATERIAL	Equity	9,285,793
TESCO PLC	Equity	955,727
TESCO PLC	Equity	3,097,167
THAI BEVERAGE PUBLIC CO LTD	Equity	6,653,066
THK CO LTD	Equity	459,945
TIM SA	Equity	-
TOKIO MARINE HOLDINGS INC	Equity	3,074,870
TOKYO GAS CO LTD	Equity	1,905,391
TORAY INDUSTRIES INC	Equity	1,971,106
TORONTO-DOMINION BANK	Equity	5,249,610

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
TOTALENERGIES SE	Equity	3,256,473
TOTALENERGIES SE	Equity	3,542,877
TOTALENERGIES SE	Equity	15,796,445
TOYOTA MOTOR CORP	Equity	863,424
TRAVIS PERKINS PLC	Equity	2,667,933
TSURUHA HOLDINGS INC	Equity	873,836
UBS GROUP AG	Equity	2,335,885
UBS GROUP AG	Equity	3,797,767
UBS GROUP AG	Equity	10,460,366
ULTRAPAR PARTICIPACOES SA	Equity	685,128
UNICAJA BANCO SA	Equity	815,301
UNICHARM CORP	Equity	360,537
UNICREDIT SPA	Equity	1,693,574
UNICREDIT SPA	Equity	3,279,133
UNICREDIT SPA	Equity	4,612,823
UNILEVER PLC ORD	Equity	12,444,249
UNIPOL ASSICURAZIONI S.P.A	Equity	444,412
UNITE GROUP PLC	Equity	578,575
UNITED OVERSEAS BANK (LOC)	Equity	2,062,032
UPL LTD	Equity	11,566,096
USS CO LTD	Equity	-
VALE S.A.	Equity	518,713
VALEO SA	Equity	734,169
VALEO SA	Equity	1,328,116
VEON LTD SPON ADR	Equity	306,904
VISCOFAN SA	Equity	130,532
VODAFONE GROUP PLC	Equity	3,200,409
VOLKSWAG PFD PERP	Equity	2,049,171
VONOVIA SE	Equity	1,453,795
WACKER CHEMIE AG	Equity	399,351
WACKER CHEMIE AG	Equity	3,820,726
WAL MART DE MEXICO SAB DE CV V	Equity	5,895,360
WESDOME GOLD MINES LTD	Equity	659,395
WESTON GEORGE LTD	Equity	1,676,418
WESTPAC BANKING CORP	Equity	557,337
WH GROUP LTD	Equity	825,495
WHEATON PRECIOUS METALS CORP	Equity	1,687,352
WPP PLC NEW (UK)	Equity	834,588
WPP PLC NEW (UK)	Equity	1,637,059

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
WSP GLOBAL INC	Equity	2,498,689
XINYI GLASS HOLDING CO LTD	Equity	6,919,560
YAMATO HOLDINGS CO LTD	Equity	855,029
YOKOHAMA FINANCIAL GROUP INC	Equity	636,676
YUE YUEN INDUSTRIAL HLDGS LTD	Equity	464,012
ZEALAND PHARMA A/S	Equity	431,495
ZTO EXPRESS CAYMAN INC	Equity	7,878,621
ZURICH INSURANCE GROUP AG	Equity	922,340
ZURICH INSURANCE GROUP AG	Equity	13,035,067
Common Collective Trusts
SSBK GOVT STIF FUND	Common collective trust	108,400,937
International Value Account Total		2,266,557,228
Stable Value Account
Fixed Income
ABBVIE INC 4.65 USD 03/15/2028	Fixed income	624,534
ABBVIE INC SR UNSEC	Fixed income	12,720
ABBVIE INC SR UNSEC 4.80 %	Fixed income	922,973
AEP 5.2 29	Fixed income	3,164,024
AEP TRANSMISSION CO LLC SR UNSEC	Fixed income	6,975
AEP TRANSMISSION CO LLC SR UNSEC 3.10 %	Fixed income	2,680,880
AERCAP IRELAND CAP/GLOBA 4.875 USD 04/01/2028	Fixed income	249,032
AIRCASTLE LTD 144A W/O RTS 2.85 USD 01/26/2028	Fixed income	248,979
ALA 2025-OANA A 144A 5.49363 USD 06/15/2040	Fixed income	623,932
ALABAMA POWER CO SR UNSEC	Fixed income	15,241
ALABAMA POWER CO SR UNSEC 4.30 %	Fixed income	1,104,850
ALLY 5.543 31	Fixed income	2,096,872
ALLY FINANCIAL INC 5.548 USD 07/31/2033	Fixed income	624,368
ALLY FINANCIAL INC SR UNSEC SOFR	Fixed income	6,293
ALLY FINANCIAL INC SR UNSEC SOFR 6.99 %	Fixed income	1,902,332
ALPHABET INC 4.1 USD 11/15/2030	Fixed income	624,465
AMCOR GROUP FINANCE 5.45 USD 05/23/2029	Fixed income	626,137
AMDOCS LTD SR UNSEC	Fixed income	1,015
AMDOCS LTD SR UNSEC 2.54 %	Fixed income	827,913
AMEREN CORP 5 USD 01/15/2029	Fixed income	625,417
AMERICAN EXPRESS CO 4.351 USD 07/20/2029	Fixed income	625,138
AMERICAN EXPRESS CO SR UNSEC SOFR	Fixed income	37,709
AMERICAN EXPRESS CO SR UNSEC SOFR 4.35 %	Fixed income	2,015,594

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
AMERICAN NATIONAL GF 144A W/O RTS 5.25 USD 06/03/2030	Fixed income	249,157
AMERICAN TOWER CORP SR UNSEC	Fixed income	15,753
AMERICAN TOWER CORP SR UNSEC 5.35 %	Fixed income	1,027,542
AMGEN INC SR UNSEC SMR	Fixed income	20,825
AMGEN INC SR UNSEC SMR 5.25 %	Fixed income	1,244,235
AMPHENOL CORP 4.375 USD 06/12/2028	Fixed income	611,138
AMXCA 2025-2 A	Fixed income	13,299,776
AMXCA 2025-4 A	Fixed income	8,641,742
ANALOG DEVICES INC 4.25 USD 06/15/2028	Fixed income	612,305
ANTARES HOLDINGS 144A W/O RTS 6.35 USD 10/23/2029	Fixed income	258,123
AON 5.15 29	Fixed income	2,091,588
AON NORTH AMERICA INC SR UNSEC SMR	Fixed income	18,883
AON NORTH AMERICA INC SR UNSEC SMR 5.15 %	Fixed income	1,132,695
APA CORP 6.1 USD 02/15/2035	Fixed income	622,143
APOLLO GLOBAL MANAGEMENT 5.15 USD 08/12/2035	Fixed income	249,363
APPLOVIN CORP SR UNSEC	Fixed income	5,125
APPLOVIN CORP SR UNSEC 5.12 %	Fixed income	1,232,459
ARCH CAPITAL FINANCE LLC SR UNSEC SMR	Fixed income	3,922
ARCH CAPITAL FINANCE LLC SR UNSEC SMR 4.01 %	Fixed income	2,200,714
ARE 3.95 27	Fixed income	2,033,380
ARES CAPITAL CORP 5.8 USD 03/08/2032	Fixed income	250,140
ARES MANAGEMENT CORP SR UNSEC	Fixed income	15,353
ARES MANAGEMENT CORP SR UNSEC 6.38 %	Fixed income	1,800,214
ARES STRATEGIC INCOME FU 5.7 USD 03/15/2028	Fixed income	249,298
ASTRAZENECA FINANCE LLC SR UNSEC	Fixed income	25,260
ASTRAZENECA FINANCE LLC SR UNSEC 4.85 %	Fixed income	1,541,143
ATH 4.86 26	Fixed income	2,040,959
ATHENE GLOBAL FUNDING 144A W/O RTS 4.83 USD 05/09/2028	Fixed income	249,772
ATLAS WAREHOUSE LEND 144A W/O RTS 6.25 USD 01/15/2030	Fixed income	270,603
AVANGRID INC SR UNSEC	Fixed income	5,700
AVANGRID INC SR UNSEC 3.80 %	Fixed income	1,778,480
AVB 2.3 30	Fixed income	1,869,524
AVIATION CAPITAL GROUP 144A W/O RTS 5.125 USD 04/10/2030	Fixed income	249,769
AVNET INC 6.25 USD 03/15/2028	Fixed income	625,253
AVOL 5.375 30	Fixed income	2,062,470

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
AVOLON HOLDINGS FNDG LTD 144A W/O RTS 4.95 USD 01/15/2028	Fixed income	249,420
AXP 5.016 31	Fixed income	2,079,482
AYR 5.25 30	Fixed income	2,072,660
B 0 26	Fixed income	266,543
BA 2.7 27	Fixed income	1,993,345
BAAT 2024-1A A3 144A 5.35 USD 11/15/2028	Fixed income	179,913
BAC 2.496 31	Fixed income	2,823,009
BAC 4.25 26	Fixed income	2,020,993
BACARDI LTD / MARTINI BV 144A W/O RTS 5.55 USD 02/01/2030	Fixed income	625,822
BAE SYSTEMS PLC 144A W/O RTS 5.125 USD 03/26/2029	Fixed income	624,214
BALN 5 27	Fixed income	2,050,342
BANCO SANTANDER SA NON PREF 5.54 %	Fixed income	2,485,308
BANCO SANTANDER SA SR NON PREF	Fixed income	39,504
BANK OF AMERICA CORP 2.087 USD 06/14/2029	Fixed income	618,011
BANK OF AMERICA CORP SR UNSEC TSFR3M	Fixed income	114,582
BANK OF AMERICA CORP SR UNSEC TSFR3M 3.82 %	Fixed income	6,686,615
BANK OF NOVA SCOTIA 4.338 USD 09/15/2031	Fixed income	625,258
BANK OF NY MELLON CORP 4.942 USD 02/11/2031	Fixed income	625,837
BANQUE FED CRED MUTUEL 144A W/O RTS 5.194 USD 0 2/16/2028	Fixed income	625,393
BARCLAYS PLC 4.476 USD 11/11/2029	Fixed income	625,243
BARCLAYS PLC SR UNSEC	Fixed income	12,188
BARCLAYS PLC SR UNSEC 7.44 %	Fixed income	1,145,471
BARINGS BDC INC 5.2 USD 09/15/2028	Fixed income	249,536
BAXTER INTERNATIONAL INC 4.9 USD 12/15/2030	Fixed income	628,476
BCRED 3.25 27	Fixed income	1,984,807
BEIGNET INVESTOR LLC SEC 144A	Fixed income	329
BEIGNET INVESTOR LLC SEC 144A 6.58 %	Fixed income	1,908,822
BERKSHIRE HATHAWAY ENERG SR UNSEC	Fixed income	4,117
BERKSHIRE HATHAWAY ENERG SR UNSEC 3.25 %	Fixed income	592,103
BERRY GLOBAL INC	Fixed income	14,456
BERRY GLOBAL INC 1.65 %	Fixed income	1,850,786
BGC GROUP INC SR UNSEC	Fixed income	10,400
BGC GROUP INC SR UNSEC 8.00 %	Fixed income	1,389,762
BK 4.942 31	Fixed income	2,095,025
BLACKSTONE REG FINANCE SR UNSEC	Fixed income	8,313
BLACKSTONE REG FINANCE SR UNSEC 4.30 %	Fixed income	1,201,234

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party — BLOCK FINANCIAL LLC 5.375 USD 09/15/2032	Description of Investment — Fixed income	622,163
BLUE OWL CREDIT INCOME 7.95 USD 06/13/2028	Fixed income	239,969
BLUE OWL FINANCE LLC SR UNSEC	Fixed income	1,276
BLUE OWL FINANCE LLC SR UNSEC 3.12 %	Fixed income	636,233
BLUE OWL TECHNOLOGY FIN 6.75 USD 04/04/2029	Fixed income	250,507
BMARK 2025-V18	Fixed income	8,841,750
BMARK 2025-V19	Fixed income	9,128,236
BMO 2025-5C9 A3	Fixed income	10,515,913
BNP PARIBAS 144A W/O RTS 5.283 USD 11/19/2030	Fixed income	625,875
BOARDWALK PIPELINES LP 5.375 USD 02/15/2036	Fixed income	626,885
BOEING CO/THE SR UNSEC	Fixed income	21,760
BOEING CO/THE SR UNSEC 6.53 %	Fixed income	2,218,111
BRIGHTHSE FIN GLBL FUND 144A W/O RTS 5.55 USD 04/09/2027	Fixed income	249,499
BRKHEC 2.7 30	Fixed income	2,779,455
BROADCOM CRP / CAYMN FI SR UNSEC	Fixed income	72,625
BROADCOM CRP / CAYMN FI SR UNSEC 3.50 %	Fixed income	4,464,493
BROADCOM INC 5.05 USD 07/12/2029	Fixed income	625,032
BROOKFIELD ASSET MANAGEM 4.653 USD 11/15/2030	Fixed income	250,349
BROOKFIELD ASSET MANAGEM SR UNSEC	Fixed income	3,890
BROOKFIELD ASSET MANAGEM SR UNSEC 4.65 %	Fixed income	706,491
BROWN & BROWN INC 4.7 USD 06/23/2028	Fixed income	244,215
BX 2025-VLT7 A 144A 5.45012 USD 07/15/2044	Fixed income	622,557
C 4.3 26	Fixed income	3,022,058
CABOT CORP 4 USD 07/01/2029	Fixed income	626,751
CAIXABANK SA 144A W/O RTS 4.885 USD 07/03/2031	Fixed income	624,359
CANADIAN IMPERIAL BANK 4.857 USD 03/30/2029	Fixed income	624,663
CAPITAL ONE FINANCIAL CO 4.493 USD 09/11/2031	Fixed income	625,013
CAPITAL POWER US HOLDING 144A W/O RTS 5.257 USD 06/01/2028	Fixed income	625,764
CARDINAL HEALTH INC 5 USD 11/15/2029	Fixed income	624,653
CARGILL INC 144A W/O RTS 4.125 USD 10/23/2030	Fixed income	624,847
CARLYLE SECURED LENDING 5.75 USD 02/15/2031	Fixed income	250,710
CARMX 2024-3 A3 4.89 USD 07/16/2029	Fixed income	624,225
CARMX 2025-2 A3 4.48 USD 03/15/2030	Fixed income	440,665
-cash-	Fixed income	( 80,918,082	)
CBOE GLOBAL MARKETS INC SR UNSEC SMR	Fixed income	37,696
CBOE GLOBAL MARKETS INC SR UNSEC SMR 3.65 %	Fixed income	2,196,557

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
CDW LLC/CDW FINANCE 3.276 USD 12/01/2028	Fixed income	626,655
CDW LLC/CDW FINANCE SR UNSEC SMR	Fixed income	5,563
CDW LLC/CDW FINANCE SR UNSEC SMR 2.67 %	Fixed income	2,467,842
CENCORA INC SR UNSEC SMR	Fixed income	2,587
CENCORA INC SR UNSEC SMR 4.85 %	Fixed income	1,227,972
CENOVUS ENERGY INC SR UNSEC	Fixed income	3,707
CENOVUS ENERGY INC SR UNSEC 4.65 %	Fixed income	698,503
CENTERPOINT ENERGY INC SR UNSEC	Fixed income	7,867
CENTERPOINT ENERGY INC SR UNSEC 2.95 %	Fixed income	759,280
CGI INC SR UNSEC 144A	Fixed income	14,713
CGI INC SR UNSEC 144A 4.95 %	Fixed income	1,015,298
CHEVRON USA INC 4.687 USD 04/15/2030	Fixed income	624,422
CHOICE HOTELS INTL INC SR UNSEC	Fixed income	2,467
CHOICE HOTELS INTL INC SR UNSEC 3.70 %	Fixed income	779,301
CHUBB INA HOLDINGS LLC 4.65 USD 08/15/2029	Fixed income	249,719
CIGNA GROUP/THE SR UNSEC	Fixed income	11,700
CIGNA GROUP/THE SR UNSEC 4.50 %	Fixed income	806,419
CITIGROUP INC 4.643 USD 05/07/2028	Fixed income	625,308
CMS ENERGY CORP	Fixed income	23,460
CMS ENERGY CORP 3.45 %	Fixed income	1,785,123
CNH 2024-C A3	Fixed income	5,904,878
CNH INDUSTRIAL CAP LLC 4.75 USD 03/21/2028	Fixed income	624,154
CNO GLOBAL FUNDING 144A W/O RTS 4.7 USD 12/11/2030	Fixed income	250,177
COCA-COLA CO/THE SR UNSEC	Fixed income	963
COCA-COLA CO/THE SR UNSEC 1.65 %	Fixed income	634,237
COF 4.1 27	Fixed income	2,033,695
COF 5.7 30	Fixed income	2,126,900
COLD 5.6 32	Fixed income	2,027,838
COMMONWEALTH BK AUSTR NY 4.423 USD 03/14/2028	Fixed income	624,898
CONAGRA BRANDS INC SR UNSEC	Fixed income	3,896
CONAGRA BRANDS INC SR UNSEC 1.38 %	Fixed income	1,616,492
CONNECTICUT LIGHT & PWR 1ST REF MORT SEC	Fixed income	25,440
CONNECTICUT LIGHT & PWR 1ST REF MORT SEC 3.20 %	Fixed income	2,678,223
CONSTELLATION BRANDS INC 4.8 USD 01/15/2029	Fixed income	625,389
COOPERATIEVE RABOBANK UA 144A W/O RTS 4.99 USD 05/27/2031	Fixed income	625,329
COREBRIDGE FINANCIAL INC SR UNSEC	Fixed income	19,406
COREBRIDGE FINANCIAL INC SR UNSEC 3.65 %	Fixed income	2,187,677

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
COREBRIDGE GLOB FUNDING 144A W/O RTS 5.2 USD 06/24/2029	Fixed income	243,729
CRBG 3.85 29	Fixed income	1,985,858
CREDIT AGRICOLE SA 144A W/O RTS 5.23 USD 01/09/2029	Fixed income	625,723
CRH SMW FINANCE DAC SR UNSEC	Fixed income	24,486
CRH SMW FINANCE DAC SR UNSEC 5.12 %	Fixed income	1,032,039
CROWN CASTLE INTL CORP SR UNSEC	Fixed income	4,725
CROWN CASTLE INTL CORP SR UNSEC 2.10 %	Fixed income	795,541
CSAIL 2018-CX11	Fixed income	7,043,492
CUMMINS INC 5.3 USD 05/09/2035	Fixed income	625,218
CVS 3 26	Fixed income	2,009,398
CVS HEALTH CORP 5.45 USD 09/15/2035	Fixed income	623,303
DAIMLER TRUCK FINAN NA 144A W/O RTS 5.375 USD 01/13/2032	Fixed income	625,921
DELL INT LLC / EMC CORP 4.75 USD 10/06/2032	Fixed income	624,995
DELTA AIR LINES 2020-AA	Fixed income	2,036
DELTA AIR LINES 2020-AA 2.00 %	Fixed income	1,668,800
DEUTSCHE BANK NY 5.297 USD 05/09/2031	Fixed income	623,993
DNB BANK ASA 144A W/O RTS 4.853 USD 11/05/2030	Fixed income	625,070
DOMINION ENERGY INC 4.6 USD 05/15/2028	Fixed income	625,051
DTE ENERGY CO 4.95 USD 07/01/2027	Fixed income	624,912
DUKE ENERGY CAROLINAS 1ST MTGE SEC	Fixed income	6,479
DUKE ENERGY CAROLINAS 1ST MTGE SEC 2.45 %	Fixed income	663,943
DXC TECHNOLOGY CO 2.375 USD 09/15/2028	Fixed income	627,134
EASTMAN CHEMICAL CO 5 USD 08/01/2029	Fixed income	625,988
EBAY INC 4.25 USD 03/06/2029	Fixed income	625,190
ELEMENT FLEET MANAGEMENT 144A W/O RTS 5.037 USD 03/25/2030	Fixed income	626,007
ELEVANCE HEALTH INC 4 USD 09/15/2028	Fixed income	249,590
ENACT HOLDINGS INC 6.25 USD 05/28/2029	Fixed income	249,601
ENEL FINANCE INTL NV 144A W/O RTS 4.375 USD 09/30/2030	Fixed income	624,756
ENERGY TRANSFER LP SR UNSEC	Fixed income	9,975
ENERGY TRANSFER LP SR UNSEC 5.70 %	Fixed income	726,262
ENTERGY CORP SR UNSEC	Fixed income	1,387
ENTERGY CORP SR UNSEC 2.40 %	Fixed income	1,170,828
EPR PROPERTIES 4.75 USD 11/15/2030	Fixed income	624,874
EPR PROPERTIES SR UNSEC	Fixed income	4,644
EPR PROPERTIES SR UNSEC 4.75 %	Fixed income	2,206,996
EQUIFAX INC 5.1 USD 06/01/2028	Fixed income	627,053

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
EQUIFAX INC SR UNSEC	Fixed income	3,169
EQUIFAX INC SR UNSEC 3.10 %	Fixed income	758,618
EQUINIX EU 2 FINANCING C 4.6 USD 11/15/2030	Fixed income	624,202
EQUINIX EU 2 FINANCING C SR UNSEC	Fixed income	6,747
EQUINIX EU 2 FINANCING C SR UNSEC 4.60 %	Fixed income	1,104,548
EQUITABLE AMERICA GLOBAL 144A W/O RTS 4.65 USD 06/09/2028	Fixed income	249,283
ESSENT GROUP LTD 6.25 USD 07/01/2029	Fixed income	249,537
ESSENT GROUP LTD SR UNSEC	Fixed income	12,500
ESSENT GROUP LTD SR UNSEC 6.25 %	Fixed income	418,004
ESSENTIAL PROPERTIES LP 5.4 USD 12/01/2035	Fixed income	626,262
ESSENTIAL UTILITIES INC 4.8 USD 08/15/2027	Fixed income	624,308
ETR 2.95 26	Fixed income	2,004,773
EVERGY KANSAS CENTRAL SR UNSEC	Fixed income	25,380
EVERGY KANSAS CENTRAL SR UNSEC 4.70 %	Fixed income	1,828,889
EXR 2.35 32	Fixed income	1,764,556
EXTRA SPACE STORAGE LP 5.7 USD 04/01/2028	Fixed income	625,473
F&G GLOBAL FUNDING 144A W/O RTS 4.65 USD 09/08/2028	Fixed income	250,283
FACTSET RESEARCH SYSTEMS SR UNSEC SMR	Fixed income	15,467
FACTSET RESEARCH SYSTEMS SR UNSEC SMR 2.90 %	Fixed income	1,576,825
FED CAISSES DESJARDINS 144A W/O RTS 5.7 USD 03/14/2028	Fixed income	623,837
FELLS POINT FUNDING TR 144A W/O RTS 3.046 USD 01/31/2027	Fixed income	624,485
FIDELITY NATL FINANCIAL SR UNSEC **	Fixed income	7,214
FIDELITY NATL FINANCIAL SR UNSEC 2.45 % **	Fixed income	895,080
FIFTH THIRD BANK NA 4.967 USD 01/28/2028	Fixed income	624,548
FIRSTENERGY CORP SR UNSEC	Fixed income	38,272
FIRSTENERGY CORP SR UNSEC 4.15 %	Fixed income	1,993,557
FN 2 2/1/2052	Fixed income	4,329,377
FN 2 3/1/2036	Fixed income	24,959,461
FN CB0912	Fixed income	15,577,005
FN CC0749	Fixed income	4,045,031
FN CC1442	Fixed income	8,681,120
FN FA3723	Fixed income	3,506,060
FNCI 2 1/1/2041	Fixed income	2,780,042
FNCI 2.5 1/1/20	Fixed income	2,841,420
FNCI 3 1/1/2041	Fixed income	6,744,479
FNCI 3.5 1/1/20	Fixed income	7,791,057

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
FNCI 4 1/1/2041	Fixed income	7,911,561
FNCI 4.5 1/1/20	Fixed income	4,010,909
FNCI 5 1/1/2041	Fixed income	5,076,837
FNCL 2 1/1/2056	Fixed income	7,279,587
FNCL 2.5 1/1/20	Fixed income	9,307,509
FNCL 3 1/1/2056	Fixed income	7,083,352
FNCL 3.5 1/1/20	Fixed income	5,554,066
FNCL 4 1/1/2056	Fixed income	4,749,343
FNCL 4.5 1/1/20	Fixed income	3,911,070
FNCL 5 1/1/2056	Fixed income	3,496,473
FNCL 5.5 1/1/20	Fixed income	8,635,732
FNCL 6 1/26	Fixed income	4,630,021
FNMA PASS THRU 30YR #FA3479	Fixed income	88,038
FNMA PASS THRU 30YR #FA3479 4.50 %	Fixed income	23,045,807
FNMA PASS THRU 30YR #MA5528	Fixed income	22,706
FNMA PASS THRU 30YR #MA5528 4.00 %	Fixed income	6,475,771
FNMA PASS THRU 30YR #MA5944 5.00 %	Fixed income	87,775
FNMA PASS THRU 30YR #MA5945 5.50 %	Fixed income	86,739
FNMA POOL BQ6913 2 USD 12/01/2051	Fixed income	8,739,840
FNMA POOL FA0608 5.5 USD 02/01/2055	Fixed income	2,668,577
FNMA POOL FM8442 2.5 USD 08/01/2051	Fixed income	572,595
FNMA POOL FS5045 2.5 USD 10/01/2051	Fixed income	7,648,088
FNMA POOL MA4838 3.5 USD 12/01/2052	Fixed income	4,450,275
FNMA POOL MA5801 5.5 USD 08/01/2040	Fixed income	2,909,267
FNMA POOL RQ0042 6.5 USD 08/01/2055	Fixed income	2,401,199
FNMA POOL RQ0075 5 USD 12/01/2055	Fixed income	4,609,402
FNMA POOL SD8235 3 USD 08/01/2052	Fixed income	4,837,528
FNMA POOL SD8439 6 USD 06/01/2054	Fixed income	4,318,385
FNMA POOL SD8484 4 USD 11/01/2054	Fixed income	3,309,363
FNMA POOL SL3658 3 USD 10/01/2053	Fixed income	5,025,789
FNMA TBA 3.0 % FEB 30YR 3.00 %	Fixed income	138,697
FNMA TBA 3.5 % FEB 30YR 3.50 %	Fixed income	139,201
FNMA TBA 5.0 % FEB 30YR 5.00 %	Fixed income	106,895
FNMA TBA 5.5 % FEB 30YR 5.50 %	Fixed income	86,420
FNMA TBA 6.0 % FEB 30YR 6.00 %	Fixed income	52,495
FNMA TBA POOL FEB 30 YR 4.5 4.5 USD 02/01/2056	Fixed income	5,020,789
FORDO 2025-C A3	Fixed income	10,043,932
FORTINET INC SR UNSEC	Fixed income	5,182
FORTINET INC SR UNSEC 2.20 %	Fixed income	718,054

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
FORTITUDE GLOBAL FUNDING 144A W/O RTS 4.625 USD 10/06/2028	Fixed income	249,835
FR RA4095	Fixed income	21,138,845
FR RJ1427	Fixed income	4,809,867
FR SB1743	Fixed income	10,047,949
FR SB1744	Fixed income	10,174,779
FR SB8102	Fixed income	15,516,263
G2SF 2 1/1/2056	Fixed income	4,145,655
G2SF 2.5 1/1/20	Fixed income	4,319,399
G2SF 3 1/1/2056	Fixed income	3,600,595
G2SF 4 1/1/2056	Fixed income	1,893,653
G2SF 4.5 1/1/20	Fixed income	2,929,594
G2SF 5 1/1/2056	Fixed income	4,002,211
G2SF 5.5 1/1/20	Fixed income	4,051,617
G2SF 6 1/1/2056	Fixed income	3,067,572
GA GLOBAL FUNDING TRUST 144A W/O RTS 2.25 USD 01/06/2027	Fixed income	249,135
GALC 2025-1 A3	Fixed income	2,252,652
GARTNER INC 5.6 USD 11/20/2035	Fixed income	624,555
GATX CORP 5.5 USD 06/15/2035	Fixed income	242,884
GBDC 2.5 26	Fixed income	1,987,201
GEN LUX SARL/GEN USA INC SR UNSEC	Fixed income	1,800
GEN LUX SARL/GEN USA INC SR UNSEC 6.00 %	Fixed income	418,637
GENERAL MOTORS FINL CO 5.05 USD 04/04/2028	Fixed income	624,749
GENUINE PARTS CO 4.95 USD 08/15/2029	Fixed income	627,736
GEORGIA POWER CO 4 USD 10/01/2028	Fixed income	626,894
GLAXOSMITHKLINE CAPITAL 4.5 USD 04/15/2030	Fixed income	625,189
GLENCORE FUNDING LLC 144A W/O RTS 5.186 USD 04/01/2030	Fixed income	625,869
GLOBAL PAYMENTS INC 4.875 USD 11/15/2030	Fixed income	626,322
GM 4 26	Fixed income	2,017,977
GOLDMAN SACHS GROUP INC 5.049 USD 07/23/2030	Fixed income	624,318
GOLDMAN SACHS PRIVATE CR 144A W/RTS 5.375 USD 01/31/2029	Fixed income	249,838
GOLUB CAPITAL BDC 7.05 USD 12/05/2028	Fixed income	250,294
GP 2.1 27	Fixed income	1,961,239
GPC 1.875 30	Fixed income	2,645,164
GS 4.369 31	Fixed income	1,006,110
GSMS 2023-SHIP A 4.466408 USD 09/10/2038	Fixed income	206,435
GUARDIAN LIFE GLOB FUND 144A W/O RTS 4.402 USD 12/11/2030	Fixed income	249,699

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party — HALEON US CAPITAL LLC SR UNSEC SMR	Description of Investment — Fixed income	16,369
HALEON US CAPITAL LLC SR UNSEC SMR 3.38 %	Fixed income	1,760,921
HAROT 2025-4 A3	Fixed income	10,070,777
HART 2025-C A3	Fixed income	8,748,257
HCA INC SR UNSEC	Fixed income	13,251
HCA INC SR UNSEC 4.60 %	Fixed income	1,687,670
HELMERICH & PAYNE INC 4.85 USD 12/01/2029	Fixed income	627,963
HERCULES CAPITAL INC 3.375 USD 01/20/2027	Fixed income	250,263
HNDA 4.9 27	Fixed income	635,710
HONEYWELL INTERNATIONAL 4.7 USD 02/01/2030	Fixed income	625,420
HOST HOTELS & RESORTS LP 4.25 USD 12/15/2028	Fixed income	627,519
HOST HOTELS & RESORTS LP SR UNSEC	Fixed income	1,950
HOST HOTELS & RESORTS LP SR UNSEC 3.38 %	Fixed income	1,249,549
HP ENTERPRISE CO 4.55 USD 10/15/2029	Fixed income	625,145
HPEFS 2025-2A A	Fixed income	2,285,458
HPS CORPORATE LENDING FU 5.45 USD 01/14/2028	Fixed income	249,741
HSBC HOLDINGS PLC 5.13 USD 11/19/2028	Fixed income	625,078
HUNTINGTON BANCSHARES 6.208 USD 08/21/2029	Fixed income	624,655
HYATT HOTELS CORP 5.25 USD 06/30/2029	Fixed income	609,706
HYATT HOTELS CORP SR UNSEC	Fixed income	14,119
HYATT HOTELS CORP SR UNSEC 5.75 %	Fixed income	1,361,672
HYNMTR 5.25 27	Fixed income	2,073,233
HYUNDAI CAPITAL AMERICA 144A W/O RTS 5.15 USD 03/27/2030	Fixed income	625,328
ILLUMINA INC 4.75 USD 12/12/2030	Fixed income	628,400
IMPERIAL BRANDS FIN PLC 144A W/O RTS 4.5 USD 06/30/2028	Fixed income	611,150
INTC 3.75 27	Fixed income	2,011,889
INTERSTATE POWER & LIGHT SR UNSEC	Fixed income	10,800
INTERSTATE POWER & LIGHT SR UNSEC 3.60 %	Fixed income	1,177,528
IQVIA INC	Fixed income	9,468
IQVIA INC 5.70 %	Fixed income	1,345,838
IQVIA INC 6.25 USD 02/01/2029	Fixed income	626,800
ITC HOLDINGS CORP 144A W/O RTS 4.95 USD 09/22/2027	Fixed income	625,497
J.P. MORGAN SECURITIES LLC	Fixed income	( 282,285	)
JABIL INC SR UNSEC	Fixed income	22,708
JABIL INC SR UNSEC 5.45 %	Fixed income	1,034,205
JACKSON NATL LIFE GLOBAL 144A W/O RTS 4.7 USD 06/05/2028	Fixed income	249,378

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
JEFFERIES FIN GROUP INC 5.875 USD 07/21/2028	Fixed income	249,327
JOHNSON CONTROLS/TYCO FI 5.5 USD 04/19/2029	Fixed income	624,764
JONES LANG LASALLE INC SR UNSEC	Fixed income	6,875
JONES LANG LASALLE INC SR UNSEC 6.88 %	Fixed income	1,285,288
JPM 2.956 31	Fixed income	2,841,917
JPMORGAN CHASE & CO 2.069 USD 06/01/2029	Fixed income	624,847
JPMORGAN CHASE & CO SR UNSEC TSFR3M	Fixed income	133,946
JPMORGAN CHASE & CO SR UNSEC TSFR3M 3.78 %	Fixed income	8,483,463
JXN 4.9 27	Fixed income	3,092,765
KBC GROUP NV 144A W/O RTS 4.454 USD 09/23/2031	Fixed income	625,332
KILROY REALTY LP SR UNSEC	Fixed income	6,913
KILROY REALTY LP SR UNSEC 3.05 %	Fixed income	558,811
KINDER MORGAN INC 5.1 USD 08/01/2029	Fixed income	623,987
KINDER MORGAN INC SR UNSEC	Fixed income	7,296
KINDER MORGAN INC SR UNSEC 5.15 %	Fixed income	1,760,075
KKR & CO INC 5.1 USD 08/07/2035	Fixed income	249,447
LAZARD GROUP LLC SR UNSEC	Fixed income	24,063
LAZARD GROUP LLC SR UNSEC 4.38 %	Fixed income	1,805,274
LEIDOS INC SR UNSEC	Fixed income	8,689
LEIDOS INC SR UNSEC 2.30 %	Fixed income	901,791
LII 5.5 28	Fixed income	3,144,374
LINCOLN FIN GLBL FUNDING 144A W/O RTS 4.625 USD 05/28/2028	Fixed income	249,449
LKQ CORP 5.75 USD 06/15/2028	Fixed income	607,981
LLOYDS BANKING GROUP PLC SR UNSEC	Fixed income	27,896
LLOYDS BANKING GROUP PLC SR UNSEC 3.75 %	Fixed income	2,592,296
LOW 3.1 27	Fixed income	1,987,824
LOWE’S COS INC 4.85 USD 10/15/2035	Fixed income	625,246
LPL HOLDINGS INC 5.15 USD 06/15/2030	Fixed income	243,440
LYB INT FINANCE III 5.5 USD 03/01/2034	Fixed income	622,336
M&T BANK CORPORATION 5.179 USD 07/08/2031	Fixed income	624,683
MAIN STREET CAPITAL CORP 6.5 USD 06/04/2027	Fixed income	249,229
MAREX GROUP PLC 6.404 USD 11/04/2029	Fixed income	250,448
MAREX GROUP PLC SR UNSEC	Fixed income	7,723
MAREX GROUP PLC SR UNSEC 5.83 %	Fixed income	915,658
MARRIOTT INTERNATIONAL 4.2 USD 07/15/2027	Fixed income	624,652
MAS 1.5 28	Fixed income	2,856,501
MASCO CORP SR UNSEC	Fixed income	9,633

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
MASCO CORP SR UNSEC 1.50 %	Fixed income	1,611,056
MASSMUTUAL GLOBAL FUNDIN 144A W/O RTS 4.95 USD 01/10/2030	Fixed income	249,405
META PLATFORMS INC 4.6 USD 11/15/2032	Fixed income	625,331
MICROCHIP TECHNOLOGY INC 5.05 USD 02/15/2030	Fixed income	625,105
MICROCHIP TECHNOLOGY INC SR UNSEC	Fixed income	15,262
MICROCHIP TECHNOLOGY INC SR UNSEC 5.05 %	Fixed income	817,100
MITSUBISHI UFJ FIN GRP SR UNSEC	Fixed income	35,817
MITSUBISHI UFJ FIN GRP SR UNSEC 2.34 %	Fixed income	3,342,117
MIZUHO FINANCIAL GROUP 4.711 USD 07/08/2031	Fixed income	625,163
MIZUHO FINANCIAL GROUP SR UNSEC 3.15 %	Fixed income	771,019
MIZUHO FINANCIAL GROUP SR UNSEC TSFR3M	Fixed income	11,561
MMM 4.8 30	Fixed income	3,108,979
MORGAN STANLEY 4.133 USD 10/18/2029	Fixed income	624,901
MS 4.465 31	Fixed income	3,023,478
NATIONAL BANK OF CANADA 4.5 USD 10/10/2029	Fixed income	624,988
NATIONAL GRID PLC SR UNSEC	Fixed income	17,910
NATIONAL GRID PLC SR UNSEC 5.42 %	Fixed income	726,510
NATIONWIDE BLDG SOCIETY 144A W/O RTS 5.127 USD 07/29/2029	Fixed income	624,574
NATWEST GROUP PLC SR UNSEC	Fixed income	45,599
NATWEST GROUP PLC SR UNSEC 5.08 %	Fixed income	2,148,538
NETFLIX INC	Fixed income	20,583
NETFLIX INC 4.88 %	Fixed income	2,043,762
NEW YORK LIFE GLOBAL FDG 144A W/O RTS 4.15 USD 07/25/2028	Fixed income	249,769
NEXTERA ENERGY CAPITAL 4.685 USD 09/01/2027	Fixed income	624,838
NISOURCE INC 5.2 USD 07/01/2029	Fixed income	625,163
NSTAR ELECTRIC CO 4.85 USD 03/01/2030	Fixed income	624,148
NVIDIA CORPSR UNSEC	Fixed income	8,550
NVIDIA CORPSR UNSEC 2.85 %	Fixed income	1,147,933
NXP BV/NXP FDG/NXP USA SR UNSEC	Fixed income	12,600
NXP BV/NXP FDG/NXP USA SR UNSEC 3.15 %	Fixed income	2,373,775
OBDC 3.4 26	Fixed income	2,017,544
OMEGA HLTHCARE INVESTORS 5.2 USD 07/01/2030	Fixed income	625,572
ORACLE CORP 4.45 USD 09/26/2030	Fixed income	624,179
ORLY 5.75 26	Fixed income	2,040,014
PACIFIC GAS & ELECTRIC 1ST MTGE 1L	Fixed income	38,703
PACIFIC GAS & ELECTRIC 1ST MTGE 5.05 %	Fixed income	3,123,200

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
PAYCHEX INC SR UNSEC SMR	Fixed income	10,767
PAYCHEX INC SR UNSEC SMR 5.10 %	Fixed income	1,030,873
PDM 3.15 30	Fixed income	1,859,685
PERNOD RIC INTL FIN LLC 144A W/O RTS 1.25 USD 04/01/2028	Fixed income	625,104
PFAST 2025-1A A	Fixed income	10,023,870
PHILIP MORRIS INTL INC SR UNSEC	Fixed income	6,372
PHILIP MORRIS INTL INC SR UNSEC 4.62 %	Fixed income	784,757
PHM 5 27	Fixed income	2,060,882
PINNACLE WEST CAPITAL 4.9 USD 05/15/2028	Fixed income	626,036
PINNACLE WEST CAPITAL SR UNSEC	Fixed income	13,774
PINNACLE WEST CAPITAL SR UNSEC 4.90 %	Fixed income	2,242,406
PLAINS ALL AMER PIPELINE 5.6 USD 01/15/2036	Fixed income	625,045
PLAINS ALL AMER PIPELINE SR UNSEC	Fixed income	17,703
PLAINS ALL AMER PIPELINE SR UNSEC 4.70 %	Fixed income	1,208,334
PNC BANK NA 4.429 USD 07/21/2028	Fixed income	624,109
POLARIS INC 5.6 USD 03/01/2031	Fixed income	623,415
PPG INDUSTRIES INC 4.375 USD 03/15/2031	Fixed income	626,152
PRICOA GLOBAL FUNDING 1 144A W/O RTS 4.75 USD 08/26/2032	Fixed income	249,025
PRINCIPAL LFE GLB FND II 144A W/O RTS 5.1 USD 01/25/2029	Fixed income	249,100
PROTECTIVE LIFE CORP 144A W/O RTS 4.7 USD 01/15/2031	Fixed income	250,299
PUBLIC STORAGE OP CO 4.375 USD 07/01/2030	Fixed income	624,806
QUANTA SERVICES INC SR UNSEC	Fixed income	34,400
QUANTA SERVICES INC SR UNSEC 4.30 %	Fixed income	2,012,207
RAIZEN FUELS FINANCE 144A W/O RTS 6.25 USD 07/08/2032	Fixed income	247,090
RELX CAPITAL INC SR UNSEC	Fixed income	14,883
RELX CAPITAL INC SR UNSEC 4.75 %	Fixed income	1,225,845
RGA 3.95 26	Fixed income	2,022,484
RGA GLOBAL FUNDING 144A W/O RTS 5 USD 08/25/2032	Fixed income	250,418
RIO TINTO FIN USA PLC 4.875 USD 03/14/2030	Fixed income	625,794
ROYAL BANK OF CANADA 4.498 USD 08/06/2029	Fixed income	625,092
ROYAL CARIBBEAN CRUISES	Fixed income	23,968
ROYAL CARIBBEAN CRUISES 3.70 %	Fixed income	2,177,224
RWE FINANCE US LLC 144A W/O RTS 5.125 USD 09/18/2035	Fixed income	626,224
S&P GLOBAL INC SR UNSEC	Fixed income	17,100
S&P GLOBAL INC SR UNSEC 2.70 %	Fixed income	1,828,470

100

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
SABINE PASS LIQUEFACTION SEC 5.00 %	Fixed income	2,920,402
SABINE PASS LIQUEFACTION SECFULL CALL	Fixed income	42,694
SABRA HEALTH/CAPTL CORP SR UNSEC	Fixed income	6,587
SABRA HEALTH/CAPTL CORP SR UNSEC 3.90 %	Fixed income	785,457
SANTANDER UK GROUP HLDGS 5.136 USD 09/22/2036	Fixed income	625,623
SANTOS FINANCE LTD 144A W/O RTS 5.75 USD 11/13/2035	Fixed income	623,686
SBL HOLDINGS INC 144A W/O RTS 5.9 USD 09/26/2028	Fixed income	249,623
SCOTT 2023-SFS A 144A 5.90975 USD 03/10/2040	Fixed income	623,921
SERVICENOW INC SR UNSEC	Fixed income	6,067
SERVICENOW INC SR UNSEC 1.40 %	Fixed income	1,147,071
SFUEL 2025-CA A	Fixed income	7,029,482
SIRIUSPOINT LTD 7 USD 04/05/2029	Fixed income	250,635
SIXTH STREET LENDING PAR 6.5 USD 03/11/2029	Fixed income	249,329
SMB 2023-C A1A	Fixed income	3,104,164
SMITH & NEPHEW PLC SR UNSEC	Fixed income	23,118
SMITH & NEPHEW PLC SR UNSEC 5.15 %	Fixed income	1,619,248
SOCIETE GENERALE 144A W/O RTS 5.25 USD 02/19/2027	Fixed income	624,478
SOLV 5.45 27	Fixed income	2,066,970
SOLVAY FINANCE (AMERICA) 144A W/O RTS 5.65 USD 06/04/2029	Fixed income	624,999
SONOCO PRODUCTS CO 4.6 USD 09/01/2029	Fixed income	625,625
SOUTHERN CAL EDISON SEC	Fixed income	45,125
SOUTHERN CAL EDISON SEC 2.85 %	Fixed income	3,606,129
SOUTHERN CALIF GAS CO SR UNSEC	Fixed income	18,061
SOUTHERN CALIF GAS CO SR UNSEC 2.95 %	Fixed income	2,870,485
SOUTHWESTERN ENERGY CO SR UNSEC	Fixed income	62,708
SOUTHWESTERN ENERGY CO SR UNSEC 5.38 %	Fixed income	2,800,090
STATE STREET GOVERNMENT STIF (GSTIF)	Fixed income	152,955
STATE STREET GOVERNMENT STIF (GSTIF) 3.85 %	Fixed income	587,525
STELLANTIS FINANCIAL SER 144A W/O RTS 4.95 USD 09/15/2028	Fixed income	627,481
STORE CAPITAL CORP SR UNSEC	Fixed income	23,850
STORE CAPITAL CORP SR UNSEC 4.50 %	Fixed income	1,802,364
STRYKER CORP SR UNSEC SMR	Fixed income	16,293
STRYKER CORP SR UNSEC SMR 5.20 %	Fixed income	823,622
SUMITOMO MITSUI FINL GRP SR UNSEC	Fixed income	12,681
SUMITOMO MITSUI FINL GRP SR UNSEC 2.75 %	Fixed income	942,953

101

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party — SUMITOMO MITSUI TR BK LT 144A W/O RTS 5.2 USD 03/07/2027	Description of Investment — Fixed income	624,680
SVENSKA HANDELSBANKEN AB 144A W/O RTS 4.375 USD 05/23/2028	Fixed income	623,140
SWEDBANK AB 144A W/O RTS 5.407 USD 03/14/2029	Fixed income	624,479
SYNCHRONY FINANCIAL 5.935 USD 08/02/2030	Fixed income	626,504
SYNIT 2025-A3 A	Fixed income	20,129,937
SYNOPSYS INC SR UNSEC SMR	Fixed income	12,500
SYNOPSYS INC SR UNSEC SMR 5.00 %	Fixed income	1,023,924
SYSCO CORPORATION SR UNSEC	Fixed income	12,495
SYSCO CORPORATION SR UNSEC 5.10 %	Fixed income	930,342
T 3.375 27	Fixed income	313,329,580
T 3.5 28	Fixed income	145,500,315
T 3.5 30	Fixed income	1,985,997
T 3.75 32	Fixed income	39,173,499
T 3.8 27	Fixed income	2,024,850
T 4 35	Fixed income	27,742,912
T 4.25 26	Fixed income	246,737,915
T 4.625 45	Fixed income	9,340,329
TAKE-TWO INTERACTIVE SOF 4.95 USD 03/28/2028	Fixed income	625,602
TAKE-TWO INTERACTIVE SOF SR UNSEC	Fixed income	3,420
TAKE-TWO INTERACTIVE SOF SR UNSEC 5.40 %	Fixed income	1,243,475
TARGA RESOURCES CORP 4.35 USD 01/15/2029	Fixed income	625,354
TARGA RESOURCES PARTNERS SR UNSEC	Fixed income	46,111
TARGA RESOURCES PARTNERS SR UNSEC 5.00 %	Fixed income	2,000,677
TBA CASH USD	Fixed income	( 5,014,915	)
TD 4.568 26	Fixed income	2,015,906
TD SYNNEX CORP 4.3 USD 01/17/2029	Fixed income	625,206
TELEDYNE TECHNOLOGIES IN SMR	Fixed income	9,563
TELEDYNE TECHNOLOGIES IN SMR 2.25 %	Fixed income	1,635,598
TELEFONICA EMISIONES SAU SR UNSEC	Fixed income	20,606
TELEFONICA EMISIONES SAU SR UNSEC 4.10 %	Fixed income	1,599,347
THERMO FISHER SCIENTIFIC 4.473 USD 10/07/2032	Fixed income	625,202
T-MOBILE USA INC SR UNSEC	Fixed income	30,551
T-MOBILE USA INC SR UNSEC 4.62 %	Fixed income	2,888,986
TORONTO-DOMINION BANK 4.574 USD 06/02/2028	Fixed income	624,071
TOYOTA MOTOR CREDIT CORP 5.05 USD 05/16/2029	Fixed income	625,132
TPG OPERATING GROUP II 5.375 USD 01/15/2036	Fixed income	249,729
TRANSCANADA PIPELINES SR UNSEC	Fixed income	5,193

102

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
TRANSCANADA PIPELINES SR UNSEC 4.10 %	Fixed income	593,967
TRANSCONT GAS PIPE LINE SR UNSEC	Fixed income	7,890
TRANSCONT GAS PIPE LINE SR UNSEC 3.25 %	Fixed income	1,824,210
TRIMBLE INC SR UNSEC	Fixed income	3,267
TRIMBLE INC SR UNSEC 4.90 %	Fixed income	1,522,676
TYSON FOODS INC SR UNSEC	Fixed income	18,850
TYSON FOODS INC SR UNSEC 4.35 %	Fixed income	1,305,661
U S TREASURY BILLS 0.00 %	Fixed income	121,471,092
U S TREASURY INFLATE PROT BD	Fixed income	133,486
U S TREASURY INFLATE PROT BD 1.88 %	Fixed income	15,399,840
U S TREASURY NOTE	Fixed income	307,537
U S TREASURY NOTE 3.50 %	Fixed income	71,452,226
U S TREASURY NOTE 4.00 %	Fixed income	16,300,195
UBER TECHNOLOGIES INC SR UNSEC	Fixed income	16,485
UBER TECHNOLOGIES INC SR UNSEC 4.15 %	Fixed income	1,295,873
UBS GROUP AG 144A W/O RTS 4.844 USD 11/06/2033	Fixed income	623,001
UNION ELECTRIC CO	Fixed income	12,367
UNION ELECTRIC CO 3.50 %	Fixed income	1,181,533
UNITEDHEALTH GROUP INC 4.4 USD 06/15/2028	Fixed income	244,267
UNIVERSAL HEALTH SVCS 4.625 USD 10/15/2029	Fixed income	624,951
US DOLLAR USD	Fixed income	6,011,684
US TREASURY N/B 3.375 USD 11/30/2027	Fixed income	28,843,712
US TREASURY N/B 3.5 USD 11/30/2030	Fixed income	46,157,408
US TREASURY N/B 4 USD 11/15/2035	Fixed income	19,633,712
USCAR 2025-1A A3 144A 4.49 USD 06/17/2030	Fixed income	338,945
VERALTO CORP SR UNSEC	Fixed income	6,237
VERALTO CORP SR UNSEC 5.45 %	Fixed income	418,383
VERISIGN INC SR UNSEC	Fixed income	35,044
VERISIGN INC SR UNSEC 4.75 %	Fixed income	1,600,264
VICI PROPERTIES LP SR UNSEC	Fixed income	23,328
VICI PROPERTIES LP SR UNSEC 4.75 %	Fixed income	1,313,549
VOLKSWAGEN GROUP AMERICA 144A W/O RTS 5.25 USD 03/22/2029	Fixed income	625,032
VZ 4.125 27	Fixed income	2,028,817
WABTEC SR UNSEC SMR	Fixed income	23,526
WABTEC SR UNSEC SMR 4.70 %	Fixed income	1,722,204
WEC 1.8 30	Fixed income	2,679,643
WELLS FARGO & COMPANY 5.707 USD 04/22/2028	Fixed income	624,235

103

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment
WELLS FARGO & COMPANY SR UNSEC SOFRRATE	Fixed income	116,349
WELLS FARGO & COMPANY SR UNSEC SOFRRATE 5.20 %	Fixed income	5,257,081
WELLTOWER OP LLC SR UNSEC	Fixed income	25,300
WELLTOWER OP LLC SR UNSEC 4.50 %	Fixed income	1,113,603
WESTERN-SOUTHERN GLOBAL 144A W/O RTS 4.7 USD 12/10/2032	Fixed income	249,615
WFC 2.572 31	Fixed income	943,989
WILLIS NORTH AMERICA INC 4.55 USD 03/15/2031	Fixed income	294,896
WILLIS NORTH AMERICA INC SR UNSEC	Fixed income	6,949
WILLIS NORTH AMERICA INC SR UNSEC 2.95 %	Fixed income	762,678
WOART 2023-D A3 5.79 USD 02/15/2029	Fixed income	630,006
WOART 2025-D A3	Fixed income	8,782,932
WORKDAY INC SR UNSEC	Fixed income	13,875
WORKDAY INC SR UNSEC 3.70 %	Fixed income	1,480,167
WTW 4.55 31	Fixed income	2,765,570
Common Collective Trusts
INVESCO SHORT-TERM INVESTMENT FUND **	Common collective trust	96,631,809
Stable Value Account Total		2,002,301,302
Wrapper Contracts
American General Life Ins		-
MassMutual		-
Met Tower Life		-
Nationwide Life Insurance		-
Pacific Life Insurance		-
Prudential Ins Co		-
RGA		-
Wrapper Contracts Total		-
Total Investments		77,538,934,916
Participant Loans** Interest 3.25 %- 9.50 %, maturing through February 2044		260,395,359
Total	$	77,799,330,275

Information not presented because investments are participant-directed

** Party-in-interest

104

Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

Employer ID No: 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS

YEAR ENDED DECEMBER 31, 2025

Participant Contributions Transferred Late to Plan — Check here if Late Participant Loan Repayments are included : ☒	Total That Constitute Non-exempt Prohibited Transactions — Contributions Not Corrected	Contributions Corrected Outside VFCP	Contributions Pending Correction in VFCP	Total Fully Corrected VFCP and PTE 2002-51
$ 46,597	$ 0	$ 46,597 *	$ 0	$ 0

Represents delinquent participant contributions and loan repayments from 2025 pay periods corrected in 2026.

105

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MICROSOFT CORP Annual Report 2025

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MICROSOFT CORP — Annual Report 2025

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