| Schedule H, Line 4i – Schedule of Assets (Held at End of Year) |
The Andersons, Inc. Retirement Savings Investment Plan EIN 34-1562374, Plan No. 003 Schedule H, Line 4i - Schedule of Assets (Held at End of Year) As of December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | (a) | | (b) | | (c) | | (d) | | (e) | | | Identity of Issue, Borrower, Lessor, or Similar Party | | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | | Cost * | | Current Value | ** | | Fidelity 500 Index Fund | | Registered Investment Company | | | | $ | 79,338,310 | | ** | | Fidelity Low-Priced Stock Fund - Class K6 | | Registered Investment Company | | | | 9,684,047 | | ** | | Fidelity Extended Market Index Fund | | Registered Investment Company | | | | 2,975,056 | | ** | | Fidelity Blue Chip Growth Fund - Class K6 | | Registered Investment Company | | | | 40,943,944 | | | | | | | | | | | ** | | Fidelity International Index Fund | | Registered Investment Company | | | | 16,615,654 | | ** | | Fidelity Money Market Government Portfolio | | Registered Investment Company | | | | 314,149 | | ** | | Fidelity Freedom Blend 2010 Fund - Class K6 | | Registered Investment Company | | | | 2,895,987 | | ** | | Fidelity Freedom Blend 2015 Fund - Class K6 | | Registered Investment Company | | | | 2,217,143 | | ** | | Fidelity Freedom Blend 2020 Fund - Class K6 | | Registered Investment Company | | | | 6,022,820 | | ** | | Fidelity Freedom Blend 2025 Fund - Class K6 | | Registered Investment Company | | | | 13,458,044 | | ** | | Fidelity Freedom Blend 2030 Fund - Class K6 | | Registered Investment Company | | | | 17,767,465 | | ** | | Fidelity Freedom Blend 2035 Fund - Class K6 | | Registered Investment Company | | | | 19,514,264 | | ** | | Fidelity Freedom Blend 2040 Fund - Class K6 | | Registered Investment Company | | | | 19,622,689 | | ** | | Fidelity Freedom Blend 2045 Fund - Class K6 | | Registered Investment Company | | | | 24,630,005 | | ** | | Fidelity Freedom Blend 2050 Fund - Class K6 | | Registered Investment Company | | | | 25,375,547 | | ** | | Fidelity Freedom Blend 2055 Fund - Class K6 | | Registered Investment Company | | | | 16,949,550 | | ** | | Fidelity Freedom Blend 2060 Fund - Class K6 | | Registered Investment Company | | | | 10,842,798 | | ** | | Fidelity Freedom Blend 2065 Fund - Class K6 | | Registered Investment Company | | | | 4,253,939 | | ** | | Fidelity Freedom Blend 2070 Fund - Class K6 | | Registered Investment Company | | | | 682,949 | | ** | | Fidelity Freedom Blend Ret Fund - Class K6 | | Registered Investment Company | | | | 756,265 | | | | | | | | | | | | | Ninety One Emerging Markets Equity Fund R5 | | Registered Investment Company | | | | 5,328,402 | | | | Metropolitan West Total Return Bond Fund - Class I | | Registered Investment Company | | | | 18,130,216 | | | | | | | | | | | | | American Funds EuroPacific - Class R6 | | Registered Investment Company | | | | 5,373,443 | | | | Janus Henderson Enterprise Fund - Class N | | Registered Investment Company | | | | 15,519,572 | | | | Dodge & Cox Stock Fund | | Registered Investment Company | | | | 18,638,759 | | | | American Beacon Small Cap Value Fund | | Registered Investment Company | | | | 3,277,908 | | *** | | Vanguard Retirement Savings Trust IV | | Registered Investment Company | | | | 7,758,436 | | ** | | The Andersons, Inc. Common Stock | | 143,663 shares of Common Stock | | | | 7,641,629 | | ** | | Self-Directed Brokerage Accounts | | — | | | | 9,456,839 | | | | Investments held by the Trustee | | | | | | 405,985,829 | | ** | | Participant Loans | | maturing in 2040 with interest rates ranging from 4.25% to 9.50% | | | | 4,927,299 | | | | Total | | | | | | $ | 410,913,128 | |
* Information not presented because investments are participant-directed ** Represents party-in-interest *** Common and collective trust See accompanying Report of Independent Registered Public Accounting Firm.
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