| EBP, Schedule of Asset Held for Investment |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | YUM! BRANDS 401(k) PLAN | | | EIN: 13-3951308 | | | PN: 003 | | | Schedule H, Line 4i – Schedule of Assets (Held at End of Year) | | | December 31, 2025 | | | | | | | | | | | | | | | | | | Party in | | Identity of issue, borrower, | | Description | | Shares held or | | | | Current | | Interest | | or similar party with maturity date | | of investment | | rate of interest | | | | value | | * | | YUM! Brands, Inc. | | YUM! Stock | | 970,158 | | | shares | | $ | 146,765,480 | | | | Common/commingled trusts: | | | | | | | | | | | Target Retirement Funds | | | | | | | | | | * | | State Street Global Advisors | | Target Retirement Income | | 728,259 | | | shares | | 11,410,360 | | | * | | State Street Global Advisors | | Target Retirement 2025 | | 1,297,299 | | | shares | | 23,521,326 | | | * | | State Street Global Advisors | | Target Retirement 2030 | | 1,985,458 | | | shares | | 38,968,586 | | | * | | State Street Global Advisors | | Target Retirement 2035 | | 2,625,490 | | | shares | | 54,024,714 | | | * | | State Street Global Advisors | | Target Retirement 2040 | | 2,451,374 | | | shares | | 52,476,565 | | | * | | State Street Global Advisors | | Target Retirement 2045 | | 2,113,521 | | | shares | | 46,755,307 | | | * | | State Street Global Advisors | | Target Retirement 2050 | | 2,133,153 | | | shares | | 48,343,654 | | | * | | State Street Global Advisors | | Target Retirement 2055 | | 2,036,644 | | | shares | | 46,370,310 | | | * | | State Street Global Advisors | | Target Retirement 2060 | | 1,013,147 | | | shares | | 23,069,357 | | | * | | State Street Global Advisors | | Target Retirement 2065 | | 364,109 | | | shares | | 8,386,517 | | | * | | State Street Global Advisers | | Target Retirement 2070 | | 20,034 | | | shares | | 236,561 | | | * | | State Street Global Advisors | | Large Company Index Fund | | 7,427,427 | | | shares | | 226,551,382 | | | * | | State Street Global Advisors | | Mid-Sized Company Index Fund | | 3,112,715 | | | shares | | 85,207,474 | | | * | | State Street Global Advisors | | International Index Fund | | 4,672,097 | | | shares | | 89,040,833 | | | * | | State Street Global Advisors | | Bond Market Index Fund | | 5,407,733 | | | shares | | 62,405,240 | | | * | | State Street Global Advisors | | Small Company Index Fund | | 1,930,565 | | | shares | | 34,450,936 | | | * | | State Street Global Advisors | | Government Short Term Investment Fund | | 553,286 | | | shares | | 1,615,510 | | | * | | Invesco | | Invesco Stable Value Trust Fund | | 39,232,420 | | | shares | | 39,232,420 | | | | Total | | | | | | | | 892,067,052 | | | | | | | | | | | | | | * | | Charles Schwab & Co. | | Self-directed Brokerage Account | Various | | 19,578,795 | | | * | | Loans to participants (maturing through 2029) | Interest rates range from 4.25% to 9.50% | | 6,675,614 | | | | Total | | | | | | | | $ | 1,065,086,941 | | | | | | | | | | | | | | | *Party-in-interest as defined by ERISA. | | | | | | | | | | | | | | | | | | | | Historical cost information is not required in Schedule H, Line 4i - Schedule of Assets (Held at End of Year) for participant-directed investment funds. |
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