(a)

(b) Identity of issue, borrower, lessor or similar party

(c ) Description of investment including maturity date, rate of interest, collateral, par or maturity value

(d) Cost
**

(e) Current Value

 Money Market Funds:

*

Fidelity Investments

Government Money Market Fund - Premium Class

$

15,026,272

 Commingled Trust Fund:

*

Fidelity Investments

Managed Income Portfolio

6,823,061

 Common Stock Fund:

*

ADTRAN Holdings, Inc.

Common stock (234,055 shares and $93,797 cash)

2,127,735

 Other Investments

*

Fidelity Investments Brokerage Link

Various investments

11,169,957

 Mutual Funds:

BlackRock

BlackRock Inflation Protected Bond Fund

1,170,384

DFA

U.S. Small Cap Value Portfolio Institutional Class

1,744,361

Vanguard

FTSE Social Index Fund Admiral Shares

1,688,043

*

Fidelity Investments

Balanced Fund - Class K

22,376,806

*

Fidelity Investments

Contrafund - Class K

48,710,791

*

Fidelity Investments

Diversified International Fund - Class K

10,361,607

*

Fidelity Investments

Extended Market Index Fund

4,806,610

*

Fidelity Investments

Freedom 2010 Fund K

2,268,098

*

Fidelity Investments

Freedom 2015 Fund K

339,040

*

Fidelity Investments

Freedom 2020 Fund K

4,728,999

*

Fidelity Investments

Freedom 2025 Fund K

11,324,486

*

Fidelity Investments

Freedom 2030 Fund K

14,030,967

*

Fidelity Investments

Freedom 2035 Fund K

23,018,243

*

Fidelity Investments

Freedom 2040 Fund K

14,937,669

*

Fidelity Investments

Freedom 2045 Fund K

13,178,387

*

Fidelity Investments

Freedom 2050 Fund K

6,018,812

*

Fidelity Investments

Freedom 2055 Fund K

4,672,707

*

Fidelity Investments

Freedom 2060 Fund K

3,959,734

*

Fidelity Investments

Freedom 2065 Fund K

1,090,392

*

Fidelity Investments

Freedom 2070 Fund K

35,576

*

Fidelity Investments

Freedom Retire Fund K

2,396,509

*

Fidelity Investments

Small Cap Index Fund

1,638,922

*

Fidelity Investments

Government Income Fund

2,842,109

*

Fidelity Investments

Growth Company Fund - Class K

64,013,679

*

Fidelity Investments

International Index Fund

5,112,792

*

Fidelity Investments

Low-Priced Stock Fund - Class K

11,465,069

*

Fidelity Investments

Fidelity 500 Index Fund

50,114,668

*

Fidelity Investments

Fidelity U.S. Bond Index Fund

8,936,730

MassMutual

MassMutual Select Mid Cap Growth Fund Class R5

1,941,869

Hartford

Harford International Opportunities HLS Fund Class IA

3,789,787

Invesco

Invesco Diversified Dividend Fund R5 Class

13,060,989

PGIM

PGIM Total Return Bond Fund Class Z

6,789,537

Janus Henderson

Janus Henderson Venture Fund Class I

12,130,079

PGIM

PGIM Jennison Mid-Cap Growth Fund, Inc. R6

1,184,531

Wells Fargo

Advantage Special Mid Cap Value Fund Institutional Class

3,665,701

Putnam

Putnam Large Cap Value Fund Class R6

11,503,926

 Total Investments (held as end of year)

$

426,195,634

*

 Participants

Loans with various maturities through 2035 and interest rates ranging from 4.25% to 8.5%

2,256,884

 Total Assets (held at end of year)

$

428,452,518