(a)

(b)

(c)

(d)

(e)

Identity of Issuer

Description

Cost

Current Value

Collective Investment Funds -

*

BlackRock Institutional Trust Company N.A.:

Equity Index Fund F

Units

**

$

1,767,860,942

Russell 2000 Index Fund F

Units

**

27,260,948

Mid Capitalization Equity Index Fund F

Units

**

252,055,360

US Debt Index Fund F

Units

**

242,596,704

MSCI ACWI ex - U.S. Index Fund F

Units

**

492,346,514

U.S. Treasury Inflation Protected Securities Fund F

Units

**

18,355,108

2,800,475,576

Columbia Dividend Income Institutional

Units

**

119,055,694

Schroder International Alpha Fund

Units

**

67,582,951

Cohen & Steers U.S. Realty Fund Class A

Units

**

514,697

Pioneer Bond Fund

Units

**

56,789,004

T. Rowe Price International Discovery Administrative

Units

**

94,738,348

GQG Partners Emerging Markets Equity CIT Fund

Units

**

54,664,439

393,345,133

*

Fresenius Medical Care AG

Shares (ADRs)

**

14,236,904

Mutual Fund -

BrandywineGLOBAL High Yield Fund

Shares

**

4,124,663

FullerThaler Behavioral Small Cap Equity Fund

Shares

**

166,315,192

JPMorgan Large Cap Growth Fund

Shares

**

135,249,843

**

305,689,698

*

Interest-Bearing Cash (Fidelity)

**

17,906,546

Stable Value Separate Accounts -

*

Fresenius Medical Care Stable Value Fund

Group Annuity Contract

**

426,380,144

*

Fresenius T. Rowe Price Income Fund Administrative Pool

Separate Account

**

519,204,028

945,584,172

Brokerage Link

Brokerage accounts

**

107,822,211

*

Notes Receivable from Participants

Interest range of 4.25% - 10.75%

-

138,231,078

Total

$

4,723,291,318