UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________________________________

FORM 11-K

_________________________________________

(Mark One)

☑ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2023

OR

oTRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from______to______

Commission File Number:  001-01011

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

CVS HEALTH FUTURE FUND 401(k) PLAN

(formerly known as the 401(k) Plan and the Employee Stock Ownership Plan of CVS Health Corporation and Affiliated Companies)

________________________________________

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

CVS HEALTH CORPORATION

One CVS Drive

Woonsocket, RI 02895

REQUIRED INFORMATION

CVS HEALTH FUTURE FUND 401(k) PLAN

YEARS ENDED DECEMBER 31, 2023 AND 2022

TABLE OF CONTENTS

	Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	1
FINANCIAL STATEMENTS:
Statements of Net Assets Available for Benefits	2
Statements of Changes in Net Assets Available for Benefits	3
Notes to Financial Statements	4
SUPPLEMENTAL SCHEDULE:
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)	12
INDEX TO EXHIBITS	46
SIGNATURES	47

Report of Independent Registered Public Accounting Firm

To the Plan Participants and the Plan Administrator of

CVS Health Future Fund 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the CVS Health Future Fund 401(k) Plan (the Plan) as of December 31, 2023 and 2022, and the related statements of changes in net assets available for benefits for the years then ended, 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 at December 31, 2023 and 2022, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.

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. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

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.

Supplemental Schedule Required by ERISA

The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2023, (referred to as the “supplemental schedule”), has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles 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 schedule. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity 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, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Ernst & Young LLP

We have served as the Plan’s auditor since 2008.

Boston, Massachusetts

June 20, 2024

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CVS HEALTH FUTURE FUND 401(k) PLAN

Statements of Net Assets Available for Benefits

December 31, 2023 and 2022

	2023		2022
Assets:
Investments at fair value:
Mutual funds (Note 2 (b))	$	8,705,070,432	$	7,330,930,377
Common stock (Note 2 (b))	5,455,164,836		4,823,814,048
Corporate bonds (Note 2 (b))	485,113,891		450,154,522
U.S. government securities (Note 2 (b))	755,599,121		672,898,926
Other securities (Note 2 (b))	34,264,001		35,660,085
Common collective trust funds (Note 2 (b))	8,983,277,579		7,517,414,749
Total investments at fair value	24,418,489,860		20,830,872,707
Fully benefit-responsive investments at contract value:
Synthetic guaranteed investment contracts (Note 2 (b))	2,848,499,358		3,061,558,035
Total fully benefit-responsive investments at contract value	2,848,499,358		3,061,558,035
Total investments	27,266,989,218		23,892,430,742
Receivables:
Interest and dividends (Note 2 (f))	14,591,994		11,436,998
Notes receivable from participants (Note 2 (h) and Note 4)	402,252,310		378,413,242
Employer contributions	19,503,554		18,496,980
Employee contributions	35,171,295		32,949,230
Pending securities settlements (Note 2 (g))	—		80,076,199
Total receivables	471,519,153		521,372,649
Total assets	27,738,508,371		24,413,803,391
Liabilities:
Accrued expenses and other liabilities	20,837,216		16,877,931
Pending securities settlements (Note 2 (g))	3,857,080		—
Total liabilities	24,694,296		16,877,931
Net assets available for benefits	$	27,713,814,075	$	24,396,925,460

See accompanying notes to financial statements.

2

CVS HEALTH FUTURE FUND 401(k) PLAN

Statements of Changes in Net Assets Available for Benefits

Years Ended December 31, 2023 and 2022

	2023		2022
Investment activity:
Interest and dividend income (Note 2 (f))	$	434,554,949	$	345,466,373
Net appreciation (depreciation) in value of investments (Note 2 (f))	3,107,087,009		(4,487,326,458)
Total investment activity	3,541,641,958		(4,141,860,085)
Participant loan interest (Note 4)	22,130,163		16,609,964
Contributions:
Employer contributions (Note 1 (c))	565,851,699		540,433,376
Employee contributions (Note 1 (c))	1,092,133,890		1,042,931,468
Rollovers	120,937,560		120,031,811
Total contributions	1,778,923,149		1,703,396,655
Deductions:
Benefits paid to participants (Notes 1 (f) and 2 (c))	1,983,208,323		1,755,842,802
Administrative expenses (Note 1 (g))	42,598,332		37,656,918
Total deductions	2,025,806,655		1,793,499,720
Net increase (decrease) in net assets for the year	3,316,888,615		(4,215,353,186)
Net assets beginning of the year	24,396,925,460		28,612,278,646
Net assets end of the year	$	27,713,814,075	$	24,396,925,460

See accompanying notes to financial statements.

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CVS HEALTH FUTURE FUND 401(k) PLAN

Notes to Financial Statements

Years Ended December 31, 2023 and 2022

1.Plan Description

The following description of the CVS Health Future Fund 401(k) Plan (the “Plan” or “Future Fund”) provides only general information. Participants should refer to the Plan documents for a more complete description of the Plan’s provisions.

(a)Background

The Plan was established as of January 1, 1989. The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. The general administration of the Plan and the responsibility for carrying out the provisions of the Plan are maintained by a committee (the “Benefit Plans Committee”) of not less than three persons appointed by the Board of Directors of CVS Health Corporation (“CVS Health”, and, together with its subsidiaries, the “Company”), the sponsor of the Plan. In accordance with the provisions of the Plan, the Benefit Plans Committee has appointed an Administrative Subcommittee (the “Plan Administrator”) and Investment Subcommittee and delegated certain fiduciary duties and responsibilities to each of the Subcommittees. Also, the Vanguard Group, Inc. has been appointed as the recordkeeper to assist with administering the Plan (the “Recordkeeper”) and the Bank of New York Mellon has been appointed as the directed trustee of the Plan (the “Trustee”). The Recordkeeper maintains participant account records and works with the Trustee to execute transactions such as benefit payments to participants. The Trustee holds the assets of the Plan and executes transactions at the direction of the Recordkeeper and Plan Administrator.

(b)Eligibility

Eligible employees who have attained age 18 are able to participate in the Plan for purposes of making their own salary deferral contributions as of the first of the month following their employment date.

Eligible employees are defined as regular employees of the Company other than:

•A nonresident alien receiving no United States (“U.S.”) earned income from the Company;

•A resident of Puerto Rico;

•An individual covered under a collective bargaining agreement (unless the agreement provides for membership);

•A leased employee (as defined in the Internal Revenue Code (the “Code”);

•A temporary employee (as determined by the Company); or

•An independent contractor or consultant (as defined by the Company).

(c)Contributions

Participants may direct the Company to contribute 401(k) and/or Roth contributions (“elective deferrals”) to their accounts as a percentage of their eligible compensation as defined in the Plan. Percentages can be elected in multiples of 1%, with a minimum participant contribution percentage of 1%, pursuant to a salary reduction agreement. Each participant’s total elective deferrals for any calendar year may not exceed the lesser of 75% of eligible compensation or the maximum elective deferral allowed by the Code. The maximum elective deferral amount allowed by the Code was $22,500 for 2023 and $20,500 for 2022. All employees that are age 50 or over before December 31 of the calendar year are permitted to make additional catch-up contributions of up to $7,500 for 2023 and $6,500 for 2022.

Plan participants making elective deferrals are eligible to receive Company matching contributions with the first administratively feasible payroll date following the completion of one year of service with the Company. One year of service is defined as either:

•12 months of service, beginning on the employee's employment date, during which the employee completed at least 1,000 hours of service, or

•1,000 hours of service in any plan year following the calendar year in which the employee was hired.

The Plan provides a match of 100% up to 5% of an employee’s eligible compensation contributed to the Plan per payroll. The maximum annual match per participant was $16,500 for 2023 and $15,250 for 2022.

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(d)Participant’s Account

Each participant’s account is credited with an allocable share of the participant’s selected Plan investments and any unrealized appreciation or depreciation and interest and dividends of those investments, net of administrative expenses.

(e)Vesting

Participants are 100% vested at all times in participant and Company matching contributions.

Participants are always fully vested in and have a non-forfeitable right to (1) their accounts upon retirement, death or disability, (2) any elective deferrals described in Note 1(c) and (3) any rollover amounts they make to the Plan.

(f)Payment of Benefits

Upon termination of employment, a participant may contact the Recordkeeper to elect to have their benefit paid under one or more options, such as a single lump sum (including a rollover) or in equal annual installments over a period not to exceed the participant’s expected lifetime.

(g)Administrative Expenses

Administrative expenses specifically attributable to the Plan and not covered by forfeitures were funded by the Plan for 2023 and 2022. Recordkeeping and Trustee’s fees were paid by the Plan for 2023 and 2022.

(h)    Investment Options

Upon enrollment in the Plan, a participant elects to direct contributions or investment balances to the investment fund options offered by and subject to the restrictions under the Plan. Participants may modify investment elections daily thereafter, subject to certain trading restrictions. The Plan’s investments are composed of guaranteed insurance contracts, common stock of CVS Health, marketable mutual funds, common collective trust (“CCT”) funds, U.S government securities, corporate bonds, other securities and separately managed funds (composed of marketable securities). The following is a brief explanation of each fund’s investment objectives:

Core Equity Fund

The investment seeks to track the performance of a benchmark index that measures the investment return of large capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Standard & Poor’s 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

CVS Health Stock Fund

The fund invests in CVS Health common stock to provide participants the possibility of long-term growth through increases in the value of the stock and the reinvestment of its dividends. At the time of contribution, participant deferrals into the CVS Health Stock Fund are limited to 20% of eligible compensation.

Diversified Bond Fund

This custom white label fund of funds seeks a stable rate of return and capital appreciation through investment in high quality bonds and other debt instruments. It is co-managed by Loomis Sayles (50%) and Dodge & Cox (50%). Intermediate-term bond portfolios invest primarily in corporate and other investment-grade U.S. fixed-income issues and typically have durations of 3.5 to 6.0 years. These portfolios are less sensitive to interest rates, and therefore less volatile, than portfolios that have longer durations.

Emerging Markets Index Fund

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, a market-capitalization-weighted index that is made up of approximately 3,500 common stocks of large, mid, and small cap companies located in emerging markets around the world. The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the index in terms of key characteristics. These key characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.

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International Equity Fund

This custom white label fund of funds seeks long-term growth of capital through investment in foreign (non-U.S.) equity securities. It also invests in depository receipts and companies located in emerging market countries. The fund is co-managed by First Eagle (25%), American Funds (23%), Vanguard (22%), Hartford (20%) and Allspring Global Investments (10%). Foreign large blend portfolios invest in a variety of large cap international stocks. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios typically will have less than 20% of assets invested in U.S. stocks.

International Equity Index Fund

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe, the Pacific Region, and Canada. The fund employs a “passive management” or indexing-investment approach designed to track the performance of the Financial Times Stock Exchange Group Developed All Cap ex US Index, which includes approximately 3,800 common stocks of companies located in Europe, Australia, Asia, and Canada. It attempts to replicate the target index by investing in all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Large Cap Core Fund

This custom white label fund of funds seeks long-term capital appreciation in excess of the Russell 1000Index over a full market cycle primarily through investments in a diverse portfolio of large market capitalization U.S. stocks. The multi-manager approach brings diversification to the fund and helps protect it from single-manager risk. The fund is sub-advised by complementary asset managers comprised of Columbia Threadneedle (25%), T. Rowe Price (20%), Barrow Hanley (15%), MFS (20%) and Wellington (20%).

Mid Cap Index Fund

The investment seeks to track the performance of a benchmark index that measures the investment return of mid capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Center for Research in Security Prices US Mid Cap Index, a broadly diversified index of stocks of midsize U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Real Asset Index Fund

The fund seeks to offer broad, cost-effective exposure to commodities, global natural resource equities, global infrastructure equities, U.S. commercial real estate securities, and U.S. inflation linked bonds. The fund employs an indexing investment approach designed to track the performance of a custom index, which is made up of: 25% Bloomberg Roll Select Commodity Index, 25% S&P Global Large Midcap Commodity and Resources Index, 15% Dow Jones U.S. Select REIT Index, 25% Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (“TIPS”) Index, and 10% S&P Global Infrastructure Index. The allocation across the five broad asset classes seeks to provide a long-term return while targeting a level of risk relative to longer-dated U.S. TIPS.

Small Cap Index Fund

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Small Mid Cap Core Fund

This custom white label fund of funds seeks long-term capital appreciation in excess of the Russell 2500 Index over a full market cycle primarily through investment in a diverse portfolio of small- and mid-size capitalization U.S. stocks. The multi-manager approach brings diversification to the fund and helps protect it from single-manager risk. The fund is sub-advised by complementary asset managers comprised of Sapience Small Cap Value (20%), MFS Mid Cap Value Equity (20%), Snyder Capital Mgt Small/Mid Cap Value (25%), Baron Discovery Strategy (20%) and DF Dent Mid Cap Growth (15%).

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Socially Responsible Fund

The investment seeks to track the performance of a benchmark index that measures the investment return of large and midcapitalization stocks and invests primarily in securities of companies that meet the fund's environmental, social and governance criteria. The fund employs a passive management or indexing investment approach designed to track the performance of the S&P 500 Index. The index is composed primarily of large and mid cap stocks that have been screened for certain social and environmental criteria. The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index.

Stable Value Fund

The fund’s investment objectives are preservation of principal, consistent returns and a stable credited rate of interest. Managed by Invesco, the fund is primarily comprised of highly rated (AA or higher) insurance company and bank investment contracts issued by financial institutions and other eligible stable value investments that seek to provide participants with safety of principal and accrued interest as well as a stable crediting rate. All contract issuers and securities utilized in the portfolio are rated investment grade at time of purchase.

Target Date Funds

The Target Date Funds seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash investments. Target Date Funds provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind for retirement. Target Date Funds are custom funds aimed to provide investors with an optimal level of return and risk, based solely on the target date. The Target Date Funds are custom funds of funds and invest in other Future Fund investment options and management adjusts the allocation among asset classes to more conservative mixes as the target date approaches, following a preset glide path. A Target Date Fund is part of a suite of funds offering multiple retirement dates to investors. The Plan’s ten Target Date Funds include a Target Date Retirement Fund as well as Target Date Funds in five-year increments (2020-2065). Effective October 31, 2022, Target Date 2065 Fund was added to the Plan's investment options.

U.S. Bond Index Fund

The investment seeks to track the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of Bloomberg Barclays U.S. Aggregate Bond Index. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. The fund invests at least 80% of assets in bonds held in the index. It maintains a dollar-weighted average maturity consistent with that of the index, ranging between 5 and 10 years.

2.    Summary of Significant Accounting Policies

(a)Basis of Presentation

The Plan prepares its financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which include the application of accrual accounting.

(b)Investment Valuation

The value of the investments held at December 31, 2023 and 2022 are stated at fair value with the exception of the fully benefit-responsive investment contracts. Shares of mutual funds are valued at quoted market prices, which represent the net asset values of shares held by the Plan at year-end. CVS Health common stock and common stock owned directly in the Small Mid Cap Core Fund and the Large Cap Core Fund separately managed funds, are valued based upon quoted market prices.

Corporate bonds are valued at fair value using quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, inputs that are observable for the asset or liability that are not prices (such as interest rates and credit risks), or unobservable inputs based upon management’s best estimate of inputs market participants could use in pricing the asset or liability.

Government securities, U.S. and non-U.S., are valued at fair value using quoted prices for identical assets and liabilities in active markets, quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or inputs that are observable for the asset or liability that are not prices (such as interest rates and credit risks).

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Common collective trust (“CCT”) funds are valued at the net asset value (“NAV”) and reported by the respective funds at each valuation date.

The Plan invests in fully benefit-responsive synthetic guaranteed investment contracts (“synthetic GICs”) which are investment contracts issued by an insurance company, or other financial institution, backed by a portfolio of bonds that are owned by the Plan. Contract value is the relevant measurement attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The contract value of the fully benefit-responsive investment contracts represents contributions plus earnings, less participant withdrawals and administrative expenses.

Refer to Note 3 for further information related to the valuation of investments.

(c)Benefits Paid

Distributions of benefits are recorded when paid. The Plan has made available to participants certain relief under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).

(d)Use of Estimates

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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates.

(e)Accrual Basis of Accounting

The Plan utilizes the accrual basis of accounting.

(f)Investment Income

Dividend and interest income is recorded when earned. Net appreciation and depreciation include the Plan’s gains and losses on investments bought and sold as well as held during the year.

(g)Purchases and Sales of Securities

Purchases and sales of securities are made on a trade-date basis. Due to timing of settlements, there may be pending transactions as of the financial statement date that result in a receivable or payable to the Plan.

(h)Notes Receivable from Participants

Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Notes receivable are collateralized by the participant’s account balance and bear interest at a market rate (Prime + 1%). If a participant ceases to make loan repayments, the outstanding loan balance will be deemed defaulted and result in a taxable event to the participant.

3.    Fair Value Measurements

The Plan uses the three-level hierarchy for the recognition and disclosure of fair value measurements. The categorization of assets and liabilities within this hierarchy is based upon the lowest level of input that is significant to the measurement of fair value. The three levels of the fair value hierarchy consist of the following:

•Level 1 - Inputs to the valuation methodology are unadjusted quoted prices in active markets for identical assets or liabilities that the Plan has the ability to access at the measurement date.

•Level 2 - Inputs to the valuation methodology are quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active, or inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the instrument.

•Level 3 - Inputs to the valuation methodology are unobservable inputs based upon management’s best estimate of inputs market participants could use in pricing the asset or liability at the measurement date, including assumptions about risk.

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Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2023 and 2022.

Mutual funds: Valued at the NAV of shares held by the Plan at year-end which are reported on an active market (level 1).

Common stock: Valued at the closing price reported on the active market on which the individual securities are traded (level 1).

Corporate bonds: Valued at observable quoted prices and inputs (level 2).

U.S. Government securities: Valued at unadjusted closing prices reported onactive markets(level 1) or observable quoted prices and inputs (level 2).

Other securities: Valued at observable quoted prices and inputs (level 2).

CCT funds: Valued at the NAV and reported by the respective funds at each valuation date (level 1).

The market value of CVS Health common stock was $78.96 and $93.19 per share at December 31, 2023 and 2022, respectively. The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2023 and 2022:

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Mutual funds	$	8,705,070,432	$	—	$	—	$	8,705,070,432
Common stock	5,455,164,836		—		—		5,455,164,836
Corporate bonds	—		485,113,891		—		485,113,891
U.S. government securities	314,451,461		441,147,660		—		755,599,121
Other securities	—		34,264,001		—		34,264,001
CCT funds	8,983,277,579		—		—		8,983,277,579
Total investments at fair value	$	23,457,964,308	$	960,525,552	$	—	24,418,489,860
Synthetic GICs							2,848,499,358
Total investments at contract value							2,848,499,358
Total investments							$	27,266,989,218

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Mutual funds	$	7,330,930,377	$	—	$	—	$	7,330,930,377
Common stock	4,823,814,048		—		—		4,823,814,048
Corporate bonds	—		450,154,522		—		450,154,522
U.S. government securities	253,583,430		419,315,496		—		672,898,926
Other securities	—		35,660,085		—		35,660,085
CCT funds	7,517,414,749		—		—		7,517,414,749
Total investments at fair value	$	19,925,742,604	$	905,130,103	$	—	20,830,872,707
Synthetic GICs							3,061,558,035
Total investments at contract value							3,061,558,035
Total investments							$	23,892,430,742

4.     Notes Receivable from Participants

Participants may obtain loans from the Plan utilizing funds accumulated in their accounts. The minimum amount that may be borrowed is $1,000. Participants can borrow up to 50% of their vested account balance but not more than $50,000, less their

9

highest outstanding loan balance during the previous twelve months. The loans are repaid to the Plan through after-tax payroll deductions and direct repayments to the Recordkeeper. The term of the loan is selected at the discretion of the participant, but may not exceed five years for a general loan and twenty-five years for a primary residence loan, except that primary residence loans initiated under the former CareSave plan, which merged into the Plan as of December 31, 2012, were permitted to have a maximum loan repayment period of up to ten years only. Participants may have two loans outstanding at any time, but no more than one primary residence loan. Interest on loans is equal to the Prime Rate as of the prior month-end plus 1%. Certain loans made under CARES Act loans rules may exceed these limits.

5.    Investment Policy

At December 31, 2023 and 2022, the Plan’s 401(k)-related assets were allocated among the investment options discussed in Note 1(h) based on participants’ investment elections. The investment options are recommended by an independent investment consultant and approved by the Investment Subcommittee. Notes receivable from participants repayments and interest earned are allocated to each of the investment funds based upon the participant contribution election percentages.

6.    Plan Termination and Related Commitments

Although it has not expressed any intention to do so, the Company has the right under the Plan to discontinue its contributions or terminate the Plan subject to applicable notice requirements and in accordance with the provisions of ERISA. If the Company terminates the Plan, all participants in the Plan become fully vested.

7.    Federal Income Taxes

The Plan received a determination letter from the Internal Revenue Service (“IRS”) dated February 16, 2017, confirming the 2016 amended and restated document was qualified under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. The Plan has been further amended and restated, most recently as of January 1, 2021, to comply with all laws since the last determination letter in 2017. The IRS no longer allows for an interim determination letter request following a restatement. The Plan Administrator believes the Plan, as most recently amended and restated, conforms with, and is being operated in compliance with, the applicable requirements of the Code and, therefore, the Plan, as amended, is qualified and the related trust is tax exempt.

GAAP requires plan management to evaluate uncertain tax positions taken by the Plan and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan and has concluded that, as of December 31, 2023, there are no uncertain tax positions taken or expected to be taken. The Plan has recognized no interest related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

8.    Transactions with Parties-In-Interest

As of December 31, 2023 and 2022, certain Plan investments are investment funds managed by the Plan’s Trustee. The Plan also invests in shares of CVS Health’s common stock and records associated dividend income. Although these transactions qualify as party-in-interest transactions, they are exempt from the prohibited transaction rule under ERISA.

9.    Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of the net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2023 and 2022:

	2023		2022
Net assets available for benefits per the financial statements	$	27,713,814,075	$	24,396,925,460
Adjustment from contract value to fair value for certain fully benefit-responsive investment contracts	(149,696,346)		(176,602,515)
Net assets available for benefits per the Form 5500	$	27,564,117,729	$	24,220,322,945

10

The following is a reconciliation of total income (loss) per the financial statements to total income (loss) per the Form 5500 for the years ended December 31, 2023 and 2022:

	2023		2022
Total income (loss) per the financial statements	$	5,342,695,270	$	(2,421,853,466)
Net change on adjustment from contract value to fair value for certain fully benefit-responsive investment contracts	26,906,169		(264,734,724)
Total income (loss) per the Form 5500	$	5,369,601,439	$	(2,686,588,190)

10.    Investment Contracts with Insurance Companies

The Plan holds a portfolio of investment contracts which include synthetic guaranteed investment contracts. These contracts meet the fully benefit-responsive investment contract criteria and, therefore, are reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants when they initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less withdrawals.

Synthetic guaranteed investment contracts are issued by insurance companies or other financial institutions, backed by a portfolio of bonds. The bond portfolio may be structured as a fixed income separately managed account or collective fund. The bond portfolio is owned directly by the Plan (synthetic guaranteed investment contract). The issuer guarantees that all qualified participant withdrawals will be at contract value and that the crediting rate applied will not be less than 0%. Crediting rates are typically reset monthly to account for the difference between the contract value and the fair value of the underlying portfolio.

If the Plan defaults in its obligations under the contract (including the issuer's determination that the agreement constitutes a nonexempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Plan will receive the fair value as of the date of termination. Each contract recognizes certain "events of default" which can invalidate the contracts' coverage. Among these are investments outside of the range of instruments which are permitted under the investment guidelines contained in the investment contract, fraudulent or other material misrepresentations made to the issuer, changes of control of the investment adviser not approved by the contract issuer, changes in certain key regulatory requirements, delivery of any communication to plan participants to influence a participant not to invest in the stable value option, termination of the plan or failure of the Plan to be tax qualified.

The contracts also generally provide for withdrawals associated with certain events which are not in the ordinary course of Plan operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events which may trigger a market value adjustment; however, such events may include, but not be limited to, the following:

•The redemption of all or a portion of the interests in the Plan at the direction of the plan sponsor, including partial termination of the plan, withdrawals due to the removal of a specifically identifiable group of employees from coverage under the plan (such as a group layoff or early retirement incentive program), the closing or sale of a subsidiary, employing unit, or affiliate, or the bankruptcy or insolvency of the plan sponsor.

At this time, the occurrence of any such market value adjustment event is not probable.

11.     Risks and Uncertainties

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

11

CVS HEALTH FUTURE FUND 401(k) PLAN

SUPPLEMENTAL SCHEDULE

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

December 31, 2023

Plan Number: 017 EIN 05-0494040

Fund	Par value /number of shares	Identity of issue	Description		Current Value**
Small Cap Index Fund	63,187,466	Vanguard Small Cap Index Fund	Mutual Fund	$	1,100,169,918
Mid Cap Index Fund	138,541,776	Vanguard Mid Cap Index Fund	Mutual Fund		2,522,295,738
International Equity Index Fund	184,725,580	Vanguard International Growth Fund Admiral Shares	Mutual Fund		2,763,817,950
Inflation-Protected Bond Fund	8,296,032	Vanguard Inflation-Protected Securities Fund	Mutual Fund		96,346,427
Socially Responsible Fund	6,189,180	Vanguard FTSE Social Index Fund	Mutual Fund		130,037,444
Core Equity Fund	295,631,055	Vanguard Institutional 500 Index Trust Fund	Common Collective Trust Fund		6,124,566,401
U.S. Bond Index Fund	241,138,710	Vanguard Total Bond Market Index Trust Fund	Common Collective Trust Fund		2,552,016,544
Real Asset Index Fund	11,040,576	Real Asset Index Fund	Common Collective Trust Fund		144,582,058
Emerging Markets Index Fund	57,503,476	Emerging Markets Index Fund	Mutual Fund		591,066,270
CVS Health Stock Fund	13,872,890	CVS Health Common Stock	CVS Health Corporation Common Stock		1,095,403,394
	15,794,411	EB Temporary Investment Fund *	Common Collective Trust Fund		15,794,411
Stable Value Fund		Invesco Voya Core, Invesco Floating Portfolio	Separately Managed Fund
	1,000,000	ABERDEEN ASIA-PACIFIC	Synthetic	$	879,148
	1,000,000	AGL ENERGY LTD SER C GTD SR NT	Synthetic		939,350
	2,000,000	AMERCO	Synthetic		1,742,928
	1,000,000	AMERICAN TRANSMISSION CO LLC	Synthetic		903,760
	1,000,000	ARTHUR J GALLAGHER &CO SR NT Q	Synthetic		980,133
	888,889	BASIN ELEC PWR COOP	Synthetic		880,531
	1,000,000	BUREAU VERITAS HLDGS INC	Synthetic		954,527
	2,000,000	CASEYS GEN STORES INC	Synthetic		1,772,013
	1,000,000	CASEYS GEN STORES INC	Synthetic		973,295
	—	CCP_CDX_BP CDX.NA.IG.41.V1 5YR	Synthetic		(238,816)
	1,000,000	DALRYMPLE BAY FIN PTY LTD	Synthetic		926,466
	2,000,000	DELOITTE LLP	Synthetic		1,859,692
	753,839	ERGON PERU S A C	Synthetic		680,916
	2,000,000	FOOTBALL CLUB TERM NTS	Synthetic		1,962,490
	2,000,000	FOUR CORNERS OPER PARTNER 144A	Synthetic		1,771,050
	1,000,000	GLOBAL INFLASTRUCTURE MGMT LLC	Synthetic		863,401
	1,000,000	HARDWOOD FDG LLC	Synthetic		933,384
	1,000,000	ITR CONCESSION CO LLC	Synthetic		953,652
	1,000,000	LA STAD FIN CO LLC	Synthetic		1,001,786
	1,000,000	LA STAD FIN CO LLC	Synthetic		955,212
	1,000,000	LASALLE PPTY FD REIT INC	Synthetic		899,053
	1,000,000	LION INDL PPTYS LP	Synthetic		959,538
	2,000,000	MAJOR LEAGUE BASEBALL TR	Synthetic		1,958,129
	1,000,000	MARS INCORPORATED	Synthetic		947,236
	1,000,000	MCKINSEY + CO INC	Synthetic		948,614
	1,449,162	NAC AVIATION 29 DAC	Synthetic		1,333,229
	1,000,000	NEWCASTLE COAL INFRASTRUCTURE	Synthetic		1,046,205
	5,665,289	NHK PTY LTD	Synthetic		5,582,145
	1,000,000	NORTHWESTERN CORP	Synthetic		898,957
	1,000,000	OAKTREE CAP MGMT L P	Synthetic		900,013
	1,000,000	PORTLAND GENERAL ELECTRIC CO	Synthetic		899,625
	1,000,000	PRIME PPTY FD LLC	Synthetic		1,089,502
	1,000,000	SHERMAN FINL GROUP LLC / CR ON	Synthetic		905,379
	1,000,000	SOLAR SR CAP LTD	Synthetic		961,399
	2,000,000	SOUTH JERSEY INDS INC	Synthetic		2,127,317

12

1,000,000	STAR ENTMT FIN LTD	Synthetic	1,004,056
2,000,000	TEXAS-NEW MEXICO PWR CO	Synthetic	1,760,742
1,000,000	TFORCE HLDGS INC	Synthetic	919,995
2,000,000	TRAFIGURA FDG S A	Synthetic	1,805,204
1,000,000	TRANSURBAN QUEENSLAND FIN LP	Synthetic	951,823
2,000,000	VECTOR LTD	Synthetic	1,658,897
2,000,000	BANK OF NOVA SCOTIA/THE	Synthetic	2,030,083
4,857,000	BANK OF MONTREAL	Synthetic	4,896,577
2,000,000	BANK OF NOVA SCOTIA/THE	Synthetic	1,979,538
1,439,000	ENBRIDGE INC	Synthetic	1,439,397
1,982,342	CARLYLE GLOBAL MA 1A A1RR 144A	Synthetic	1,976,610
4,000,000	EMPOWER CLO 2022-1 1A A1 144A	Synthetic	4,011,288
3,421,426	GOLDENTREE LOAN MAN 2A AR 144A	Synthetic	3,416,294
1,000,000	KKR CLO 46 LTD 46A A1A 144A	Synthetic	1,001,000
2,175,497	SYMPHONY STATIC CLO 1A A 144A	Synthetic	2,158,152
3,000,000	MITSUBISHI UFJ FINANCIAL GROUP	Synthetic	3,000,383
4,000,000	SUMITOMO MITSUI FINANCIAL GROU	Synthetic	4,030,579
1,000,000	PIKES PEAK CLO 12 L 12A A 144A	Synthetic	1,005,766
5,000,000	ING GROEP NV	Synthetic	5,031,388
1,814,000	CREDIT SUISSE AG/NEW YORK NY	Synthetic	1,813,329
2,368,000	LLOYDS BANKING GROUP PLC	Synthetic	2,371,372
2,000,000	STANDARD CHARTERED PLC 144A	Synthetic	2,009,249
4,611,000	AT&T INC	Synthetic	4,626,998
3,000,000	AMERICAN EXPRESS CO	Synthetic	2,960,892
631,542	AMERICREDIT AUTOMOBILE R 2 A2B	Synthetic	632,177
4,000,000	ATHENE GLOBAL FUNDING 144A	Synthetic	3,965,929
4,000,000	BMW US CAPITAL LLC 144A	Synthetic	4,003,683
5,000,000	BANK OF AMERICA CORP	Synthetic	4,970,612
3,860,000	BARCLAYS DRYROCK ISSUANCE 2 A	Synthetic	3,866,480
977,669	CARMAX AUTO OWNER TRUST 3 A2B	Synthetic	978,092
3,000,000	CATERPILLAR FINANCIAL SERVICES	Synthetic	2,999,970
410,000	CENTERPOINT ENERGY INC	Synthetic	410,004
543,966	CHESAPEAKE FUNDING 1A A2 144A	Synthetic	541,993
3,593,759	CHESAPEAKE FUNDING 1A A2 144A	Synthetic	3,603,246
2,750,000	CITIGROUP INC	Synthetic	2,742,740
5,000,000	CITIGROUP INC	Synthetic	4,939,600
3,855,000	CITIBANK CREDIT CARD ISS A6 A6	Synthetic	3,870,961
1,356,000	JOHN DEERE CAPITAL CORP	Synthetic	1,360,335
4,000,000	JOHN DEERE CAPITAL CORP	Synthetic	4,005,255
1,261,171	FHLMC MULTICLASS STRIP 350 F2	Synthetic	1,232,170
1,247,154	FNMA GTD REMIC P/T 18-57 FA	Synthetic	1,199,949
657,342	FHLMC MULTICLASS MTG 4477 FG	Synthetic	644,278
453,389	FHLMC MULTICLASS MTG 4497 CF	Synthetic	450,055
394,598	FHLMC MULTICLASS MTG Q008 A	Synthetic	392,925
627,712	FHLMC MULTICLASS MTG KF64 A	Synthetic	625,002
532,473	FHLMC MULTICLASS MTG 4911 FM	Synthetic	518,178
3,250,000	FHLMC MULTICLASS MTG KF157 AS	Synthetic	3,231,785
1,134,620	FORD CREDIT AUTO OWNER T A A2B	Synthetic	1,136,761
5,000,000	GMF FLOORPLAN OWNER 1 A2 144A	Synthetic	5,035,814
677,581	GM FINANCIAL AUTOMOBILE 1 A2B	Synthetic	677,931
631,894	GM FINANCIAL CONSUMER AU 3 A2B	Synthetic	632,107
4,808,000	GENERAL MOTORS FINANCIAL CO IN	Synthetic	4,808,219
1,138,000	GENERAL MOTORS FINANCIAL CO IN	Synthetic	1,139,789
2,254,000	GOLDMAN SACHS GROUP INC/THE	Synthetic	2,231,088
2,113,000	GOLDMAN SACHS GROUP INC/THE	Synthetic	2,111,883
2,372,000	GOLDMAN SACHS GROUP INC/THE	Synthetic	2,340,301
895,000	ILPT COMMERCIAL MO LPF2 A 144A	Synthetic	891,783
1,231,264	JP MORGAN MORTGAGE 1 A11 144A	Synthetic	1,133,027
1,419,270	JP MORGAN MORTGAGE 3 A11 144A	Synthetic	1,295,833
3,277,902	JP MORGAN CHASE C WPT AFL 144A	Synthetic	3,031,235
4,000,000	JPMORGAN CHASE & CO	Synthetic	3,992,640
2,000,000	JPMORGAN CHASE & CO	Synthetic	2,002,880

13

5,204,827	LIFE 2021-BMR MORTG BMR A 144A	Synthetic	5,090,325
3,756,000	MASSMUTUAL GLOBAL FUNDING 144A	Synthetic	3,757,010
3,075,241	MED TRUST 2021-MDL MDLN A 144A	Synthetic	3,015,407
1,351,000	MORGAN STANLEY BANK NA	Synthetic	1,352,727
3,012,000	MORGAN STANLEY	Synthetic	3,007,545
4,500,000	MORGAN STANLEY	Synthetic	4,504,865
2,076,448	NELNET STUDENT LOA BA AFL 144A	Synthetic	2,047,644
1,876,507	NELNET STUDENT LOA DA AFL 144A	Synthetic	1,845,606
5,000,000	NEW YORK LIFE GLOBAL FUND 144A	Synthetic	5,019,436
2,250,000	NEXTGEAR FLOORPLAN 1A A1 144A	Synthetic	2,268,815
1,650,000	NORTHWESTERN MUTUAL GLOBA 144A	Synthetic	1,650,119
4,216,000	PACIFIC LIFE GLOBAL FUNDI 144A	Synthetic	4,179,087
2,051,000	PUBLIC STORAGE OPERATING CO	Synthetic	2,050,879
1,073,000	PUBLIC STORAGE OPERATING CO	Synthetic	1,075,618
3,500,000	RLGH TRUST 2021-TR TROT A 144A	Synthetic	3,419,452
1,315,942	SLM STUDENT LOAN TRUST 20 6 A3	Synthetic	1,301,433
5,235,000	SMRT 2022-MINI MINI A 144A	Synthetic	5,123,317
3,000,000	CHARLES SCHWAB CORP/THE	Synthetic	2,951,292
5,000,000	CHARLES SCHWAB CORP/THE	Synthetic	4,946,515
4,325,085	SMB PRIVATE EDUCATI B A1B 144A	Synthetic	4,316,317
1,883,045	SMB PRIVATE EDUCATI C A1B 144A	Synthetic	1,884,389
1,580,000	STARBUCKS CORP	Synthetic	1,580,005
4,819,000	STATE STREET CORP	Synthetic	4,815,791
5,000,000	TRUIST BANK	Synthetic	4,999,200
50,650,000	U S TREASURY NOTE	Synthetic	50,649,718
18,000,000	U S TREASURY NOTE	Synthetic	17,992,123
6,000,000	U S TREASURY NOTE	Synthetic	5,991,888
2,000,000	VERIZON MASTER TRUST 7 A1B	Synthetic	2,004,570
3,000,000	VERIZON MASTER TRUST 4 A1B	Synthetic	3,019,547
5,000,000	VOLKSWAGEN GROUP OF AMERI 144A	Synthetic	5,010,838
4,000,000	WELLS FARGO COM NXS5 A6FL 144A	Synthetic	3,958,627
5,000,000	WELLS FARGO & CO	Synthetic	5,036,390
	Mass Mutual
122,070,033	IGT Jennison Short Term Bond Fund	Synthetic	95,815,533
254,500,982	IGT Pimco Intermediate Fund	Synthetic	199,763,585
92,557,531	IGT Dodge and Cox Core Fixed Income Fund	Synthetic	72,650,502
	Trans America
255,462,038	IGT Invesco Intermediate Fund	Synthetic	200,365,051
122,481,486	IGT Jennison Short Term Bond Fund	Synthetic	96,065,190
91,296,065	IGT Pimco Core Fixed Income Fund	Synthetic	71,605,710
	PAC Life
122,396,125	IGT Jennison Short Term Bond Fund	Synthetic	96,225,819
254,989,088	IGT Loomis Sayles Intermediate Fund	Synthetic	200,468,224
92,405,396	IGT Dodge and Cox Core Fixed Income Fund	Synthetic	72,647,601
	Prudential
256,039,442	IGT Jennison Intermediate Fund	Synthetic	200,394,947
123,205,704	IGT Jennison Short Term Bond Fund	Synthetic	96,429,677
91,480,943	IGT Pimco Core Fixed Income Fund	Synthetic	71,599,589
	Voya
319,238,710	IGT Invesco Short Term Bond Fund	Synthetic	268,240,777
165,673,730	IGT Invesco Core Fixed Income Fund	Synthetic	139,207,586
	State Street
342,102,542	IGT Invesco Short Term Bond Fund	Synthetic	323,683,317
147,032,226	IGT Loomis Sayles Core Fixed Income Fund	Synthetic	139,115,828

14

	70,000,856	EB Temporary Investment Fund *	Common Collective Trust Fund		70,000,856
		Stable Value Fund Subtotal		$	2,768,803,868
Diversified Bond Fund		Loomis Sayles, Dodge & Cox	Separately Managed Fund
	1,880,000	TRANSCANADA TRUST	Corporate Debt Instruments	$	1,772,517
	2,100,000	TRANSCANADA TRUST	Corporate Debt Instruments		1,985,084
	3,605,000	TRANSCANADA TRUST	Corporate Debt Instruments		3,203,800
	1,620,000	TRANSCANADA TRUST	Corporate Debt Instruments		1,381,829
	1,425,000	TRANSCANADA TRUST	Corporate Debt Instruments		1,193,784
	815,000	BNP PARIBAS SA 144A	Corporate Debt Instruments		793,708
	2,685,000	BNP PARIBAS SA	Corporate Debt Instruments		2,654,104
	510,000	BNP PARIBAS SA 144A	Corporate Debt Instruments		498,719
	3,760,000	BNP PARIBAS SA 144A	Corporate Debt Instruments		3,682,152
	800,000	BNP PARIBAS SA 144A	Corporate Debt Instruments		656,647
	4,050,000	TELECOM ITALIA SPA/MILANO 144A	Corporate Debt Instruments		4,031,162
	2,070,000	UNICREDIT SPA 144A	Corporate Debt Instruments		2,128,137
	2,775,000	UNICREDIT SPA 144A	Corporate Debt Instruments		2,609,826
	430,000	TELECOM ITALIA CAPITAL SA	Corporate Debt Instruments		431,644
	1,995,000	TELECOM ITALIA CAPITAL SA	Corporate Debt Instruments		2,031,590
	1,085,000	ULTRAPAR INTERNATIONAL SA 144A	Corporate Debt Instruments		1,052,450
	432,000	ULTRAPAR INTERNATIONAL SA 144A	Corporate Debt Instruments		406,469
	1,500,000	CEMEX SAB DE CV 144A	Corporate Debt Instruments		1,479,129
	1,625,000	CEMEX SAB DE CV 144A	Corporate Debt Instruments		1,565,755
	1,350,000	PETROLEOS MEXICANOS	Corporate Debt Instruments		1,035,378
	5,831,000	PETROLEOS MEXICANOS	Corporate Debt Instruments		4,838,444
	380,000	PETROLEOS MEXICANOS	Corporate Debt Instruments		259,128
	960,000	PETROLEOS MEXICANOS	Corporate Debt Instruments		625,516
	560,000	PETROLEOS MEXICANOS	Corporate Debt Instruments		366,417
	9,175,000	PETROLEOS MEXICANOS	Corporate Debt Instruments		6,524,933
	1,145,000	ENEL FINANCE INTERNATIONA 144A	Corporate Debt Instruments		1,163,572
	1,950,000	ENEL FINANCE INTERNATIONA 144A	Corporate Debt Instruments		1,901,946
	1,050,000	PROSUS NV 144A	Corporate Debt Instruments		1,011,738
	1,065,000	PETROBRAS GLOBAL FINANCE BV	Corporate Debt Instruments		1,056,592
	1,986,000	PETROBRAS GLOBAL FINANCE BV	Corporate Debt Instruments		1,934,570
	1,030,000	PETROBRAS GLOBAL FINANCE BV	Corporate Debt Instruments		1,008,247
	3,955,000	PROSUS NV 144A	Corporate Debt Instruments		3,461,668
	4,700,000	PROSUS NV 144A	Corporate Debt Instruments		3,796,306
	450,000	PROSUS NV 144A	Corporate Debt Instruments		388,156
	3,650,000	PROSUS NV 144A	Corporate Debt Instruments		2,743,400
	375,000	UBS GROUP AG 144A	Corporate Debt Instruments		386,492
	625,000	UBS GROUP AG 144A	Corporate Debt Instruments		661,639
	3,300,000	UBS GROUP AG 144A	Corporate Debt Instruments		3,412,623
	575,000	BARCLAYS PLC	Corporate Debt Instruments		571,272
	925,000	BARCLAYS PLC	Corporate Debt Instruments		903,208
	1,590,000	HSBC HOLDINGS PLC	Corporate Debt Instruments		1,687,163
	1,965,000	HSBC HOLDINGS PLC	Corporate Debt Instruments		2,126,901
	245,000	HSBC HOLDINGS PLC	Corporate Debt Instruments		269,749
	815,000	HSBC HOLDINGS PLC	Corporate Debt Instruments		801,314
	470,000	HSBC HOLDINGS PLC	Corporate Debt Instruments		466,011
	4,255,000	IMPERIAL BRANDS FINANCE P 144A	Corporate Debt Instruments		3,969,643
	1,200,000	IMPERIAL BRANDS FINANCE P 144A	Corporate Debt Instruments		1,232,195
	4,090,000	IMPERIAL BRANDS FINANCE P 144A	Corporate Debt Instruments		4,016,750
	210,000	LLOYDS BANKING GROUP PLC	Corporate Debt Instruments		205,515
	1,535,000	LLOYDS BANKING GROUP PLC	Corporate Debt Instruments		1,516,518
	2,145,000	LLOYDS BANKING GROUP PLC	Corporate Debt Instruments		2,103,178
	975,000	BARCLAYS PLC	Corporate Debt Instruments		979,516
	525,000	BARCLAYS PLC	Corporate Debt Instruments		587,855
	1,000,000	BARCLAYS PLC	Corporate Debt Instruments		1,008,942
	350,000	BARCLAYS PLC	Corporate Debt Instruments		363,012
	425,000	BARCLAYS PLC	Corporate Debt Instruments		452,933
	1,000,000	BARCLAYS PLC	Corporate Debt Instruments		1,041,170

15

1,850,000	HSBC HOLDINGS PLC	Corporate Debt Instruments	1,590,783
550,000	HSBC HOLDINGS PLC	Corporate Debt Instruments	455,496
1,600,000	HSBC HOLDINGS PLC	Corporate Debt Instruments	1,567,472
1,625,000	HSBC HOLDINGS PLC	Corporate Debt Instruments	1,513,594
1,725,000	HSBC HOLDINGS PLC	Corporate Debt Instruments	1,993,397
600,000	HSBC HOLDINGS PLC	Corporate Debt Instruments	658,181
2,300,000	LLOYDS BANKING GROUP PLC	Corporate Debt Instruments	2,629,119
3,200,000	NATWEST GROUP PLC	Corporate Debt Instruments	2,921,888
1,200,000	NATWEST GROUP PLC	Corporate Debt Instruments	1,259,961
700,000	NATWEST GROUP PLC	Corporate Debt Instruments	717,634
304,000	AT&T INC	Corporate Debt Instruments	265,184
740,000	AT&T INC	Corporate Debt Instruments	648,741
1,904,000	AT&T INC	Corporate Debt Instruments	1,368,933
1,474,000	AT&T INC	Corporate Debt Instruments	1,056,404
750,000	AT&T INC	Corporate Debt Instruments	557,507
775,000	AMERICAN ELECTRIC POWER CO INC	Corporate Debt Instruments	780,089
375,000	BAT CAPITAL CORP	Corporate Debt Instruments	393,714
1,150,000	BAT CAPITAL CORP	Corporate Debt Instruments	1,203,235
825,000	BAT CAPITAL CORP	Corporate Debt Instruments	876,016
1,000,000	BAT CAPITAL CORP	Corporate Debt Instruments	837,331
425,000	BAT CAPITAL CORP	Corporate Debt Instruments	380,284
1,150,000	BAT CAPITAL CORP	Corporate Debt Instruments	964,414
175,000	BAT CAPITAL CORP	Corporate Debt Instruments	128,643
475,000	BAT CAPITAL CORP	Corporate Debt Instruments	428,755
3,150,000	BAT CAPITAL CORP	Corporate Debt Instruments	3,021,825
40,471	BNSF RAILWAY CO 2007-1 PASS TH	Corporate Debt Instruments	40,478
435,384	BNSF RAILWAY CO 2015-1 PA 144A	Corporate Debt Instruments	416,196
1,150,000	BANK OF AMERICA CORP	Corporate Debt Instruments	1,139,212
1,305,000	BANK OF AMERICA CORP	Corporate Debt Instruments	1,281,269
750,000	BAYER US FINANCE LLC 144A	Corporate Debt Instruments	771,644
1,150,000	BAYER US FINANCE LLC 144A	Corporate Debt Instruments	1,188,428
590,000	BAYER US FINANCE II LLC 144A	Corporate Debt Instruments	574,933
590,000	BAYER US FINANCE II LLC 144A	Corporate Debt Instruments	560,642
450,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	449,150
205,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	197,308
675,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	626,071
330,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	320,768
425,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	404,776
115,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	98,460
1,810,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	1,552,947
500,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	523,523
650,000	BOSTON PROPERTIES LP	Corporate Debt Instruments	685,580
1,600,000	CCO HOLDINGS LLC / CCO HO 144A	Corporate Debt Instruments	1,353,820
1,425,000	CCO HOLDINGS LLC / CCO HOLDING	Corporate Debt Instruments	1,220,462
1,275,000	CCO HOLDINGS LLC / CCO HO 144A	Corporate Debt Instruments	1,036,099
335,000	CIGNA GROUP/THE	Corporate Debt Instruments	330,760
835,000	CIGNA GROUP/THE	Corporate Debt Instruments	828,273
190,000	CIGNA GROUP/THE	Corporate Debt Instruments	207,128
750,000	CRH AMERICA INC 144A	Corporate Debt Instruments	733,635
105,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	104,277
325,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	317,192
895,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	877,421
800,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	766,126
4,125,000	CHARTER COMMUNICATIONS OPERATI	Corporate Debt Instruments	4,053,282
405,000	CHARTER COMMUNICATIONS OPERATI	Corporate Debt Instruments	344,178
2,335,000	CHARTER COMMUNICATIONS OPERATI	Corporate Debt Instruments	2,072,262
375,000	CHARTER COMMUNICATIONS OPERATI	Corporate Debt Instruments	346,081
1,165,000	CHARTER COMMUNICATIONS OPERATI	Corporate Debt Instruments	975,740
500,000	CITIGROUP INC	Corporate Debt Instruments	544,132
220,000	CITIGROUP INC	Corporate Debt Instruments	217,576
1,630,000	COX COMMUNICATIONS INC 144A	Corporate Debt Instruments	1,602,393
980,000	COX COMMUNICATIONS INC 144A	Corporate Debt Instruments	940,617

16

1,090,000	COX COMMUNICATIONS INC 144A	Corporate Debt Instruments	1,037,215
1,050,000	COX COMMUNICATIONS INC 144A	Corporate Debt Instruments	853,752
110,000	DELL INTERNATIONAL LLC / EMC C	Corporate Debt Instruments	112,597
300,000	DELL INTERNATIONAL LLC / EMC C	Corporate Debt Instruments	311,816
150,000	DILLARD'S INC	Corporate Debt Instruments	155,919
90,000	DILLARD'S INC	Corporate Debt Instruments	93,920
200,000	DILLARD'S INC	Corporate Debt Instruments	207,550
535,000	WALT DISNEY CO/THE	Corporate Debt Instruments	628,366
165,000	DOMINION ENERGY INC	Corporate Debt Instruments	151,902
1,100,000	DOMINION ENERGY INC	Corporate Debt Instruments	1,019,615
629,000	DOW CHEMICAL CO/THE	Corporate Debt Instruments	874,810
575,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	567,454
950,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	909,066
2,250,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	2,350,013
1,550,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	1,506,518
1,750,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	1,701,689
1,575,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	1,574,285
1,000,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	968,309
835,000	FORD MOTOR CREDIT CO LLC	Corporate Debt Instruments	820,331
1,250,000	GE HEALTHCARE TECHNOLOGIES INC	Corporate Debt Instruments	1,333,344
80,000	HCA INC	Corporate Debt Instruments	80,390
700,000	HCA INC	Corporate Debt Instruments	669,283
800,000	HCA INC	Corporate Debt Instruments	743,652
845,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	828,265
930,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	919,853
360,000	KINDER MORGAN ENERGY PARTNERS	Corporate Debt Instruments	378,661
685,000	KINDER MORGAN ENERGY PARTNERS	Corporate Debt Instruments	751,762
1,035,000	KINDER MORGAN ENERGY PARTNERS	Corporate Debt Instruments	1,086,501
490,000	KINDER MORGAN ENERGY PARTNERS	Corporate Debt Instruments	458,469
625,000	KINDER MORGAN INC	Corporate Debt Instruments	601,483
1,600,000	MICROCHIP TECHNOLOGY INC	Corporate Debt Instruments	1,550,251
2,874	NAVIENT PRIVATE EDU A A2A 144A	Corporate Debt Instruments	2,868
825,000	NEXTERA ENERGY CAPITAL HOLDING	Corporate Debt Instruments	817,155
450,000	NEXTERA ENERGY CAPITAL HOLDING	Corporate Debt Instruments	454,008
550,000	NEXTERA ENERGY CAPITAL HOLDING	Corporate Debt Instruments	555,203
1,275,000	NEXTERA ENERGY CAPITAL HOLDING	Corporate Debt Instruments	1,272,692
140,000	NORDSTROM INC	Corporate Debt Instruments	142,100
1,360,000	OCCIDENTAL PETROLEUM CORP	Corporate Debt Instruments	1,336,948
275,000	PHILIP MORRIS INTERNATIONAL IN	Corporate Debt Instruments	288,367
325,000	PHILIP MORRIS INTERNATIONAL IN	Corporate Debt Instruments	341,075
800,000	PHILIP MORRIS INTERNATIONAL IN	Corporate Debt Instruments	820,564
135,000	UNUM GROUP	Corporate Debt Instruments	143,738
525,000	RTX CORP	Corporate Debt Instruments	559,279
575,000	RTX CORP	Corporate Debt Instruments	624,016
286,418	RIO OIL FINANCE TRUST SER 144A	Corporate Debt Instruments	297,158
1,031,525	RIO OIL FINANCE TRUST SER 144A	Corporate Debt Instruments	1,052,156
30,560	SMB PRIVATE EDUCATI A A2A 144A	Corporate Debt Instruments	29,681
960,858	SMB PRIVATE EDUCAT A APT2 144A	Corporate Debt Instruments	840,865
2,763,106	SMB PRIVATE EDUCATI B A1A 144A	Corporate Debt Instruments	2,735,853
152,201	SMB PRIVATE EDUCATI B A2A 144A	Corporate Debt Instruments	147,012
118,342	SMB PRIVATE EDUCATI A A2A 144A	Corporate Debt Instruments	114,308
43,699	SMB PRIVATE EDUCATI B A2A 144A	Corporate Debt Instruments	42,105
575,000	SOUTHERN CO/THE	Corporate Debt Instruments	579,231
2,110,000	T-MOBILE USA INC	Corporate Debt Instruments	2,000,917
1,075,000	T-MOBILE USA INC	Corporate Debt Instruments	1,018,649
1,000,000	T-MOBILE USA INC	Corporate Debt Instruments	929,103
1,000,000	T-MOBILE USA INC	Corporate Debt Instruments	914,190
2,690,000	TIME WARNER CABLE LLC	Corporate Debt Instruments	2,668,013
55,000	UNUM GROUP	Corporate Debt Instruments	57,536
73,502	UNION PACIFIC RAILROAD CO 2006	Corporate Debt Instruments	75,518
81,582	UNION PACIFIC RAILROAD CO 2007	Corporate Debt Instruments	85,224
825,000	VMWARE LLC	Corporate Debt Instruments	754,614

17

915,000	WELLS FARGO & CO	Corporate Debt Instruments	894,875
1,120,000	WELLS FARGO & CO	Corporate Debt Instruments	1,096,202
1,680,000	BANK OF AMERICA CORP	Corporate Debt Instruments	1,442,644
3,525,000	BANK OF AMERICA CORP	Corporate Debt Instruments	3,094,971
950,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	933,646
650,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	637,802
775,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	795,080
750,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	771,898
525,000	CAPITAL ONE FINANCIAL CORP	Corporate Debt Instruments	576,915
485,000	CITIGROUP INC	Corporate Debt Instruments	463,876
1,275,000	CITIGROUP INC	Corporate Debt Instruments	1,146,667
675,000	CITIGROUP INC	Corporate Debt Instruments	698,473
2,730,000	DOMINION ENERGY INC	Corporate Debt Instruments	2,681,307
3,275,000	GOLDMAN SACHS GROUP INC/THE	Corporate Debt Instruments	3,141,168
70,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	62,239
2,595,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	2,530,121
480,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	415,074
3,795,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	3,334,946
1,900,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	1,965,929
7,414,672	NAVIENT STUDENT LOAN 5A A 144A	Corporate Debt Instruments	7,486,371
949,231	NAVIENT STUDENT LOAN 2A A 144A	Corporate Debt Instruments	944,877
707,762	NAVIENT STUDENT LOA 4A A3 144A	Corporate Debt Instruments	703,850
1,288,103	NAVIENT STUDENT LOAN 5A A 144A	Corporate Debt Instruments	1,283,738
593,505	NAVIENT STUDENT LOA 1A A3 144A	Corporate Debt Instruments	583,170
1,094,989	NAVIENT STUDENT LOAN 1A A 144A	Corporate Debt Instruments	1,072,412
1,179,017	NAVIENT STUDENT LOAN 7A A 144A	Corporate Debt Instruments	1,183,012
1,983,190	NAVIENT STUDENT LOA 3A A3 144A	Corporate Debt Instruments	1,972,096
965,884	NAVIENT STUDENT LOA 6A A3 144A	Corporate Debt Instruments	969,548
1,199,005	NAVIENT STUDENT LOA 1A A3 144A	Corporate Debt Instruments	1,198,285
1,208,959	NAVIENT STUDENT LOA 3A A3 144A	Corporate Debt Instruments	1,199,488
997,885	NAVIENT STUDENT LOA 4A A2 144A	Corporate Debt Instruments	968,213
2,030,479	NAVIENT STUDENT LOA 2A A2 144A	Corporate Debt Instruments	2,011,208
334,800	NAVIENT STUDENT LOAN 3A A 144A	Corporate Debt Instruments	329,933
360,951	NAVIENT STUDENT LOA 4A A2 144A	Corporate Debt Instruments	355,159
6,339,938	NAVIENT STUDENT LO 1A A1B 144A	Corporate Debt Instruments	6,231,490
290,751	SLM STUDENT LOAN T 3A A6A 144A	Corporate Debt Instruments	283,877
546,774	SLM STUDENT LOAN TR 8A A6 144A	Corporate Debt Instruments	536,186
477,783	SLM STUDENT LOAN TRUST 2 9 A7A	Corporate Debt Instruments	466,863
92,704	SLM STUDENT LOAN TRUST 201 3 A	Corporate Debt Instruments	91,934
112,516	SLM STUDENT LOAN TRUST 20 2 A2	Corporate Debt Instruments	112,304
575,000	CHARLES SCHWAB CORP/THE	Corporate Debt Instruments	589,843
300,000	CHARLES SCHWAB CORP/THE	Corporate Debt Instruments	309,676
400,000	CHARLES SCHWAB CORP/THE	Corporate Debt Instruments	400,000
1,275,000	CHARLES SCHWAB CORP/THE	Corporate Debt Instruments	1,337,025
1,100,000	SOUTHERN CO/THE	Corporate Debt Instruments	1,090,875
1,575,000	SOUTHERN CO/THE	Corporate Debt Instruments	1,596,232
2,875,000	SOUTHERN CO/THE	Corporate Debt Instruments	2,733,673
1,800,000	SOUTHERN CO/THE	Corporate Debt Instruments	1,638,905
330,000	WELLS FARGO & CO	Corporate Debt Instruments	293,358
310,000	WELLS FARGO & CO	Corporate Debt Instruments	267,877
650,000	WELLS FARGO & CO	Corporate Debt Instruments	567,721
1,250,000	WELLS FARGO & CO	Corporate Debt Instruments	1,217,718
1,635,000	ELANCO ANIMAL HEALTH INC	Corporate Debt Instruments	1,694,171
2,570,000	VODAFONE GROUP PLC	Corporate Debt Instruments	2,649,680
575,000	JPMORGAN CHASE & CO	Corporate Debt Instruments	689,863
170,100	CITIGROUP CAPITAL XIII	Corporate Debt Instruments	4,854,654
1,325,000	COLOMBIA GOVERNMENT INTERNATIO	Other Bonds	1,112,356
775,000	COLOMBIA GOVERNMENT INTERNATIO	Other Bonds	605,056
1,115,000	CALIFORNIA ST	Other Bonds	1,407,808
850,000	CALIFORNIA ST	Other Bonds	1,027,645
380,000	CALIFORNIA ST	Other Bonds	476,937
2,945,000	ILLINOIS ST	Other Bonds	2,913,900

18

45,000	LOS ANGELES CA UNIF SCH DIST	Other Bonds	47,772
1,305,000	LOS ANGELES CA UNIF SCH DIST	Other Bonds	1,474,047
290,000	NEW JERSEY ST TURNPIKE AUTH TU	Other Bonds	361,333
1,045,000	NEW JERSEY ST TURNPIKE AUTH TU	Other Bonds	1,263,286
900,000	UNIV OF CALIFORNIA CA RGTS MED	Other Bonds	839,733
45,849	FHLMC POOL #G3-0683	U.S. Government Securities	44,944
77,081	FHLMC POOL #G0-6875	U.S. Government Securities	79,487
66,181	FHLMC POOL #G0-6447	U.S. Government Securities	66,190
45,906	FHLMC POOL #G0-7775	U.S. Government Securities	45,629
281,393	FHLMC POOL #G0-7942	U.S. Government Securities	279,693
58,320	FHLMC POOL #G0-8607	U.S. Government Securities	57,967
65,642	FHLMC POOL #G0-8696	U.S. Government Securities	65,245
108,725	FHLMC POOL #G0-8699	U.S. Government Securities	104,964
48,402	FHLMC POOL #G0-8707	U.S. Government Securities	46,728
83,367	FHLMC POOL #C9-1765	U.S. Government Securities	81,717
67,046	FHLMC POOL #C9-1769	U.S. Government Securities	65,719
44,820	FHLMC POOL #C9-1795	U.S. Government Securities	43,865
57,271	FHLMC POOL #C9-1382	U.S. Government Securities	56,975
76,018	FHLMC POOL #C9-1395	U.S. Government Securities	74,556
41,199	FHLMC POOL #C9-1862	U.S. Government Securities	39,556
78,460	FHLMC POOL #C9-1841	U.S. Government Securities	75,368
103,836	FHLMC POOL #C9-1853	U.S. Government Securities	99,694
3,157,949	FHLMC POOL #SD-0752	U.S. Government Securities	2,714,038
17,007,978	FHLMC POOL #SD-1581	U.S. Government Securities	14,474,372
3,064,090	FHLMC POOL #SD-7530	U.S. Government Securities	2,642,476
10,705,150	FHLMC POOL #SD-7536	U.S. Government Securities	9,245,421
2,623,661	FHLMC POOL #SD-8221	U.S. Government Securities	2,406,438
6,848,607	FHLMC POOL #SD-8202	U.S. Government Securities	6,308,381
6,560,427	FHLMC POOL #SD-8214	U.S. Government Securities	6,019,228
12,306,914	FHLMC POOL #SD-8255	U.S. Government Securities	11,289,035
481,509	FHLMC POOL #G3-0804	U.S. Government Securities	471,970
67,042	FHLMC POOL #G3-0964	U.S. Government Securities	64,387
88,306	FHLMC POOL #V8-3157	U.S. Government Securities	87,030
183,253	FHLMC POOL #V8-3204	U.S. Government Securities	180,504
162,344	FHLMC POOL #Q4-8372	U.S. Government Securities	161,028
38,259	FHLMC POOL #G6-0819	U.S. Government Securities	38,264
144,254	FHLMC POOL #G6-0887	U.S. Government Securities	144,272
87,881	FHLMC POOL #G6-0153	U.S. Government Securities	87,182
80,220	FHLMC POOL #G6-0198	U.S. Government Securities	79,735
47,903	FHLMC POOL #G6-0342	U.S. Government Securities	47,909
59,126	FHLMC POOL #G6-0384	U.S. Government Securities	58,769
108,491	FHLMC POOL #G6-0914	U.S. Government Securities	108,505
97,927	FHLMC POOL #G6-0920	U.S. Government Securities	97,335
167,910	FHLMC POOL #G6-1185	U.S. Government Securities	166,723
126,843	FHLMC POOL #G6-1169	U.S. Government Securities	126,076
63,078	FHLMC POOL #G6-1220	U.S. Government Securities	60,934
41,157	FHLMC POOL #G6-1230	U.S. Government Securities	39,720
128,818	FHLMC POOL #G6-1289	U.S. Government Securities	124,374
139,755	FHLMC POOL #G6-1290	U.S. Government Securities	134,921
125,798	FHLMC POOL #QB-0320	U.S. Government Securities	107,943
198,314	FHLMC POOL #QB-0354	U.S. Government Securities	171,070
361,458	FHLMC POOL #RA-2623	U.S. Government Securities	311,802
450,762	FHLMC POOL #RA-2892	U.S. Government Securities	388,837
928,514	FHLMC POOL #RA-2957	U.S. Government Securities	767,675
508,264	FHLMC POOL #RA-3019	U.S. Government Securities	436,125
16,226,137	FHLMC POOL #RA-3050	U.S. Government Securities	13,421,514
1,082,076	FHLMC POOL #RA-3454	U.S. Government Securities	895,237
3,443,565	FNMA GTD REMIC P/T 18-28 PT	U.S. Government Securities	3,163,895
4,352,215	FHLMC MULTICLASS MTG 5175 CA	U.S. Government Securities	3,747,634
68,721	FNMA POOL #0555424	U.S. Government Securities	70,678
218,938	FNMA POOL #0AH6790	U.S. Government Securities	218,655
208,111	FNMA POOL #0AL4160	U.S. Government Securities	206,811

19

102,906	FNMA POOL #0AL5441	U.S. Government Securities	101,758
178,328	FNMA POOL #0AL5856	U.S. Government Securities	174,548
166,841	FNMA POOL #0AL5862	U.S. Government Securities	165,380
355,122	FNMA POOL #0AL5863	U.S. Government Securities	356,099
100,510	FNMA POOL #0AL5958	U.S. Government Securities	98,519
102,488	FNMA POOL #0AL6138	U.S. Government Securities	100,475
84,762	FNMA POOL #0AL6148	U.S. Government Securities	82,966
198,492	FNMA POOL #0AL7147	U.S. Government Securities	196,901
63,154	FNMA POOL #0AL6886	U.S. Government Securities	62,683
164,009	FNMA POOL #0AL6932	U.S. Government Securities	160,530
71,337	FNMA POOL #0AL7049	U.S. Government Securities	70,805
56,535	FNMA POOL #0AL7205	U.S. Government Securities	55,124
229,596	FNMA POOL #0AL7384	U.S. Government Securities	227,883
246,334	FNMA POOL #0AL9840	U.S. Government Securities	240,426
152,289	FNMA POOL #0AL9128	U.S. Government Securities	151,575
101,980	FNMA POOL #0AL9407	U.S. Government Securities	100,842
130,531	FNMA POOL #0AL9579	U.S. Government Securities	130,362
68,925	FNMA POOL #0AL8338	U.S. Government Securities	68,411
47,950	FNMA POOL #0AL8675	U.S. Government Securities	47,888
161,766	FNMA POOL #0AL8830	U.S. Government Securities	158,678
54,207	FNMA POOL #0AS2275	U.S. Government Securities	53,802
51,333	FNMA POOL #0AS4099	U.S. Government Securities	50,950
121,884	FNMA POOL #0AS5841	U.S. Government Securities	117,505
132,017	FNMA POOL #0AS5842	U.S. Government Securities	127,273
230,328	FNMA POOL #0AS8983	U.S. Government Securities	228,134
63,062	FNMA POOL #0AS8700	U.S. Government Securities	62,514
167,228	FNMA POOL #0AS8833	U.S. Government Securities	165,842
37,240	FNMA POOL #0AU6687	U.S. Government Securities	36,354
71,763	FNMA POOL #0AX7607	U.S. Government Securities	69,185
66,831	FNMA GTD REMIC P/T 10-123 WT	U.S. Government Securities	69,984
51,086	FNMA POOL #0725228	U.S. Government Securities	53,086
70,315	FNMA POOL #0725330	U.S. Government Securities	73,010
204,911	FNMA POOL #0BF0107	U.S. Government Securities	201,605
182,560	FNMA POOL #0BF0118	U.S. Government Securities	178,034
137,271	FNMA POOL #0BF0199	U.S. Government Securities	135,740
235,244	FNMA POOL #0BJ9262	U.S. Government Securities	231,962
43,144	FNMA POOL #0BM1063	U.S. Government Securities	43,088
63,154	FNMA POOL #0BM1106	U.S. Government Securities	63,073
88,794	FNMA POOL #0BM1176	U.S. Government Securities	88,679
145,301	FNMA POOL #0BM1357	U.S. Government Securities	143,743
94,932	FNMA POOL #0BM1647	U.S. Government Securities	93,959
70,675	FNMA POOL #0BM3363	U.S. Government Securities	67,632
347,630	FNMA POOL #0BM3386	U.S. Government Securities	335,139
864,558	FNMA POOL #0BM4804	U.S. Government Securities	848,104
66,628	FNMA POOL #0BM5117	U.S. Government Securities	65,705
165,640	FNMA POOL #0BM5704	U.S. Government Securities	166,960
1,486,656	FNMA POOL #0BU8931	U.S. Government Securities	1,363,154
78,674	FNMA POOL #0CA5443	U.S. Government Securities	70,988
856,021	FNMA POOL #0CA6035	U.S. Government Securities	738,533
10,627,820	FNMA POOL #0CA6329	U.S. Government Securities	9,169,163
9,801,017	FNMA POOL #0CA6564	U.S. Government Securities	8,455,844
8,335,336	FNMA POOL #0CA8099	U.S. Government Securities	6,934,091
4,108,618	FNMA POOL #0CA7241	U.S. Government Securities	3,542,034
6,533,114	FNMA POOL #0CA7728	U.S. Government Securities	5,626,220
6,777,002	FNMA POOL #0CA8441	U.S. Government Securities	5,628,633
13,236,286	FNMA POOL #0CB3576	U.S. Government Securities	11,839,418
3,202,688	FNMA POOL #0CB3595	U.S. Government Securities	2,947,882
255,671	FNMA POOL #0FM3473	U.S. Government Securities	219,421
590,431	FNMA POOL #0FM3478	U.S. Government Securities	509,395
8,122,139	FNMA POOL #0FM7599	U.S. Government Securities	7,533,721
482,626	FNMA POOL #0FM8768	U.S. Government Securities	413,861
4,257,685	FNMA POOL #0FS1083	U.S. Government Securities	3,656,564

20

19,669,196	FNMA POOL #0FS1453	U.S. Government Securities	18,207,930
16,119,935	FNMA POOL #0FS2140	U.S. Government Securities	14,838,007
9,814,028	FNMA POOL #0FS3427	U.S. Government Securities	9,320,935
4,590,837	FNMA POOL #0FS3743	U.S. Government Securities	4,189,952
77,260	FNMA POOL #0995788	U.S. Government Securities	79,558
81,392	FNMA POOL #0MA0792	U.S. Government Securities	80,984
122,452	FNMA POOL #0MA0816	U.S. Government Securities	121,640
108,258	FNMA POOL #0MA1689	U.S. Government Securities	105,965
170,528	FNMA POOL #0MA1764	U.S. Government Securities	166,916
160,365	FNMA POOL #0MA1773	U.S. Government Securities	156,967
191,034	FNMA POOL #0MA1662	U.S. Government Securities	186,988
203,109	FNMA POOL #0MA1814	U.S. Government Securities	198,805
122,919	FNMA POOL #0MA1858	U.S. Government Securities	120,309
146,028	FNMA POOL #0MA1890	U.S. Government Securities	142,926
74,611	FNMA POOL #0MA1960	U.S. Government Securities	73,026
237,069	FNMA POOL #0MA1983	U.S. Government Securities	232,040
124,534	FNMA POOL #0MA2019	U.S. Government Securities	121,893
169,171	FNMA POOL #0MA2055	U.S. Government Securities	165,582
152,928	FNMA POOL #0MA2079	U.S. Government Securities	149,682
154,719	FNMA POOL #0MA2121	U.S. Government Securities	151,206
78,588	FNMA POOL #0MA2141	U.S. Government Securities	76,802
49,453	FNMA POOL #0MA2447	U.S. Government Securities	47,412
51,229	FNMA POOL #0MA2480	U.S. Government Securities	50,044
416,382	FNMA POOL #0MA2923	U.S. Government Securities	397,240
65,005	FNMA POOL #0MA3894	U.S. Government Securities	63,655
5,045,180	FNMA POOL #0MA4631	U.S. Government Securities	4,514,420
4,351,746	FNMA POOL #0MA4933	U.S. Government Securities	3,992,247
68,547	FNMA POOL #0AD8529	U.S. Government Securities	67,687
136,437	FNMA POOL #0AE3049	U.S. Government Securities	136,260
30,998	FNMA POOL #0AE4624	U.S. Government Securities	30,230
68,028	FREDDIE MAC SEASONED CR 4 M45T	U.S. Government Securities	64,615
1,293,378	GNMA GTD REMIC P/T 10-115 Z	U.S. Government Securities	1,275,052
4,245,000	U S TREASURY BOND	U.S. Government Securities	3,379,750
5,124,000	U S TREASURY BOND	U.S. Government Securities	4,190,271
5,908,000	U S TREASURY BOND	U.S. Government Securities	5,268,044
915,000	U S TREASURY BOND	U.S. Government Securities	844,945
4,016,033	US TREAS-CPI INFLAT	U.S. Government Securities	3,636,546
7,755,000	U S TREASURY BOND	U.S. Government Securities	7,169,740
30,247,000	U S TREASURY BOND	U.S. Government Securities	30,573,100
2,200,000	U S TREASURY BOND	U.S. Government Securities	2,467,094
2,950,000	U S TREASURY BOND	U.S. Government Securities	3,164,336
7,085,000	U S TREASURY NOTE	U.S. Government Securities	6,799,386
19,967	FHLMC POOL #84-0940	U.S. Government Securities	19,455
5,596,252	FHLMC POOL #84-1463	U.S. Government Securities	4,844,889
34,441	FHLMC POOL #84-9777	U.S. Government Securities	35,026
129,045	FHLMC POOL #84-9327	U.S. Government Securities	131,281
28,824	FHLMC POOL #84-9536	U.S. Government Securities	29,288
31,503	FHLMC POOL #84-9713	U.S. Government Securities	31,914
142,764	FHLMC POOL #84-0286	U.S. Government Securities	144,595
17,382	FHLMC POOL #84-0353	U.S. Government Securities	17,744
35,701	FHLMC POOL #84-0385	U.S. Government Securities	36,493
68,144	FNMA GTD REMIC P/T 13-98 FA	U.S. Government Securities	66,833
138,876	FHLMC MULTICLASS MTG 4283 DW	U.S. Government Securities	137,190
85,150	FHLMC MULTICLASS MTG 4283 EW	U.S. Government Securities	84,162
239,598	FHLMC MULTICLASS MTG 4281 BC	U.S. Government Securities	236,516
46,552	FHLMC MULTICLASS MTG 4319 MA	U.S. Government Securities	45,955
851,261	FHLMC MULTICLASS MTG K152 X1	U.S. Government Securities	41,580
762,641	FHLMC MULTICLASS MTG K055 X1	U.S. Government Securities	19,436
252,784	FHLMC MULTICLASS MT	U.S. Government Securities	6,219
2,097,879	FHLMC MULTICLASS MT	U.S. Government Securities	16,323
2,645,042	FHLMC MULTICLASS MT	U.S. Government Securities	42,475
3,198,633	FHLMC MULTICLASS MT	U.S. Government Securities	58,820

21

2,584,465	FHLMC MULTICLASS MTG K066 X1	U.S. Government Securities	54,341
3,253,942	FHLMC MULTICLASS MT	U.S. Government Securities	55,245
646,141	FHLMC MULTICLASS MT	U.S. Government Securities	7,420
1,367,611	FHLMC MULTICLASS MT	U.S. Government Securities	14,875
1,768,794	FHLMC MULTICLASS MTG K071 X1	U.S. Government Securities	16,258
2,562,284	FHLMC MULTICLASS MTG K154 X1	U.S. Government Securities	47,428
3,642,155	FHLMC MULTICLASS MTG K089 X1	U.S. Government Securities	85,928
1,813,819	FHLMC MULTICLASS MT	U.S. Government Securities	45,700
1,236,987	FHLMC MULTICLASS MTG 1511 X1	U.S. Government Securities	65,407
3,425,521	FHLMC MULTICLASS MTG K092 X1	U.S. Government Securities	107,012
1,589,986	FHLMC MULTICLASS MT	U.S. Government Securities	65,021
2,267,040	FHLMC MULTICLASS MT	U.S. Government Securities	89,023
1,577,565	FHLMC MULTICLASS MTG K095 X1	U.S. Government Securities	65,839
3,845,427	FHLMC MULTICLASS MTG K096 X1	U.S. Government Securities	193,258
1,722,857	FHLMC MULTICLASS MTG K097 X1	U.S. Government Securities	85,072
3,324,652	FHLMC MULTICLASS MTG K098 X1	U.S. Government Securities	173,246
3,617,795	FHLMC MULTICLASS MTG K099 X1	U.S. Government Securities	147,206
1,394,309	FHLMC MULTICLASS MTG K101 X1	U.S. Government Securities	54,913
3,884,648	FHLMC MULTICLASS MTG K102 X1	U.S. Government Securities	150,183
191,007	FNMA POOL #0AL5548	U.S. Government Securities	196,051
23,836	FNMA POOL #0AL5858	U.S. Government Securities	24,348
28,866	FNMA POOL #0AL5964	U.S. Government Securities	29,427
20,670	FNMA POOL #0AL6111	U.S. Government Securities	21,022
30,596	FNMA POOL #0AL6664	U.S. Government Securities	31,229
152,757	FNMA POOL #0AL9098	U.S. Government Securities	155,554
19,537	FNMA POOL #0AL8133	U.S. Government Securities	20,025
44,350	FNMA POOL #0AL8289	U.S. Government Securities	45,131
43,298	FNMA POOL #0AL8486	U.S. Government Securities	44,201
16,610	FNMA POOL #0BH1189	U.S. Government Securities	16,736
32,621	FNMA POOL #0BH2522	U.S. Government Securities	32,839
22,542	FNMA POOL #0BH5298	U.S. Government Securities	22,727
17,623	FNMA POOL #0BM1695	U.S. Government Securities	17,960
84,121	FNMA POOL #0BM3836	U.S. Government Securities	82,764
11,822	FNMA POOL #0BM5045	U.S. Government Securities	11,572
44,776	FNMA POOL #0BM6102	U.S. Government Securities	43,817
84,581	FNMA POOL #0BM6108	U.S. Government Securities	80,800
20,074	FNMA POOL #0BM6112	U.S. Government Securities	19,615
70,084	FNMA POOL #0BM6115	U.S. Government Securities	66,145
105,076	FNMA POOL #0BM6117	U.S. Government Securities	102,119
12,379,825	FNMA POOL #0BM6908	U.S. Government Securities	11,100,029
63,510	GNMA GTD REMIC P/T 18-H01 FE	U.S. Government Securities	62,975
270,531	GNMA GTD REMIC P/T 18-H03 FD	U.S. Government Securities	264,555
167,378	GNMA GTD REMIC P/T 18-H02 FA	U.S. Government Securities	165,774
202,055	GNMA GTD REMIC P/T 18-H02 GF	U.S. Government Securities	199,447
381,033	GNMA GTD REMIC P/T 18-H02 HF	U.S. Government Securities	376,467
137,540	GNMA GTD REMIC P/T 18-H02 PF	U.S. Government Securities	135,883
175,469	GNMA GTD REMIC P/T 18-H02 FM	U.S. Government Securities	172,609
358,559	GNMA GTD REMIC P/T 17-H13 FQ	U.S. Government Securities	355,357
85,460	GNMA GTD REMIC P/T 17-H16 BF	U.S. Government Securities	85,090
242,730	GNMA GTD REMIC P/T 17-H17 FQ	U.S. Government Securities	242,113
117,508	GNMA GTD REMIC P/T 17-H17 FB	U.S. Government Securities	116,884
179,109	GNMA GTD REMIC P/T 17-H20 FB	U.S. Government Securities	178,747
598,637	GNMA GTD REMIC P/T 17-H20 BF	U.S. Government Securities	597,086
287,990	GNMA GTD REMIC P/T 17-H20 FG	U.S. Government Securities	287,135
114,710	GNMA GTD REMIC P/T 17-H21 FA	U.S. Government Securities	114,484