11-K

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.

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.

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

⁄

, 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.

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.

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.

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.

Table of Contents

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.

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,	2025			2024

Net assets available for benefits per the financial statements	$	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

Table of Contents

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.

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	Cost *	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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
CANADIAN DOLLAR	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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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	Cost *	Current Value
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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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 02/16/2028	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

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	Cost *	Current Value
BLOCK FINANCIAL LLC 5.375 USD 09/15/2032	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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
HALEON US CAPITAL LLC SR UNSEC SMR	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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
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

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	Cost *	Current Value
SUMITOMO MITSUI TR BK LT 144A W/O RTS 5.2 USD 03/07/2027	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

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	Cost *	Current Value
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

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	Cost *	Current Value
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


				Microsoft Corporation Savings Plus 401(k) Plan

Date: June 25, 2026				/s/ JAYNA BUNDY
				Jayna Bundy
				Member of 401(k) Administrative Committee

Date: June 25, 2026				/s/ DANIEL GOFF
				Daniel Goff
				Member of 401(k) Administrative Committee

Date: June 25, 2026				/s/ FRED THIELE
				Fred Thiele
				Member of 401(k) Administrative Committee


	Page

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


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


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


Participant Contributions Transferred Late to Plan	Total That Constitute Non-exempt Prohibited Transactions			Total Fully Corrected VFCP and PTE 2002-51
Check here if Late Participant Loan Repayments are included: ☒	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