December 31, 2025

Identity of issue, borrower,

Description of investment, including maturity date,

lessor or similar party

rate of interest, collateral, par or maturity value

Current Value

($ in thousands)

*Plan interest in Master Trust

for NS stock

3,207,541

units of

NS Stock Fund

307,956

Value of Interests in Registered Investment Companies:

*The Vanguard Group, Inc.

750,014

shares of

Vanguard Growth Index Fund Institutional Shares

188,366

*The Vanguard Group, Inc.

1,555,924

shares of

Vanguard Wellington Fund Admiral Shares

120,102

*The Vanguard Group, Inc.

878,569

shares of

Vanguard Value Index Fund Institutional Shares

65,462

*The Vanguard Group, Inc.

693,118

shares of

Vanguard Mid-Cap Index Fund Institutional Shares

55,020

*The Vanguard Group, Inc.

325,265

shares of

Vanguard Small-Cap Index Fund Institutional Shares

40,196

*The Vanguard Group, Inc.

1,864,394

shares of

Vanguard Inflation-Protected Securities Fund

17,451

*The Vanguard Group, Inc.

381,315

shares of

Vanguard Cash Reserve Federal MM Fund

381

486,978

Value of Interests in Common Collective Trusts:

*The Vanguard Group, Inc.

1,385,147

units of

Vanguard Institutional 500 Index Trust C

193,117

*The Vanguard Group, Inc.

752,926

units of

Vanguard Institutional Total International Stock Market Index Trust C

105,937

*The Vanguard Group, Inc.

758,428

units of

Vanguard Institutional Total Bond Market Index Trust C

83,541

*The Vanguard Group, Inc.

615,134

units of

Vanguard Target Retirement 2050 Trust I

76,129

*The Vanguard Group, Inc.

599,089

units of

Vanguard Target Retirement 2045 Trust I

71,753

*The Vanguard Group, Inc.

69,136,321

units of

Vanguard Retirement Savings Trust III

69,136

*The Vanguard Group, Inc.

644,842

units of

Vanguard Target Retirement 2035 Trust I

67,786

*The Vanguard Group, Inc.

506,705

units of

Vanguard Target Retirement 2040 Trust I

57,668

*The Vanguard Group, Inc.

479,934

units of

Vanguard Target Retirement 2030 Trust I

46,976

*The Vanguard Group, Inc.

275,203

units of

Vanguard Target Retirement 2055 Trust I

41,534

*The Vanguard Group, Inc.

307,597

units of

Vanguard Target Retirement 2025 Trust I

28,302

*The Vanguard Group, Inc.

253,150

units of

Vanguard Target Retirement 2060 Trust I

20,080

*The Vanguard Group, Inc.

178,389

units of

Vanguard Target Retirement 2020 Trust I

15,138

*The Vanguard Group, Inc.

169,780

units of

Vanguard Target Retirement Income Trust I

12,849

*The Vanguard Group, Inc.

168,731

units of

Vanguard Target Retirement 2065 Trust I

8,231

*The Vanguard Group, Inc.

29,796

units of

Vanguard Target Retirement 2070 Trust I

886

899,063

*Participant loans

Participant loans (interest rates of 4.00%-9.50%, maturing through 2031)

14,477

Total investments at fair value

1,708,474

*Party-in-interest

See accompanying Report of Independent Registered Public Accounting Firm