Company: SNY
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001104659-25-063672
Chunk: 10

Company: Sanofi
Filing Date: 2025-06-27
Form: 11-K
Chunk 10
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’s interest in the MasterTrust was approximately 1% of the total trust.

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Sanofi Puerto Rico Group Savings Plan

Notes to the Financial Statements

December 31, 2024 and 2023

The following tables present the investments
and other assets and changes in net assets of the Sanofi U.S. Group Savings Master Trust, and the Plan, as of and for the years ended
December 31, 2024 and 2023:

| Investments at fair value        |     | Sanofi U.S. Group Savings Master 
 Trust                            
 2024                             |               |     | 2023 |               |     | Sanofi Puerto Rico Group Savings 
 Plan’s Interest in Sanofi U.S.   
 Group Savings Master Trust       
 2024                             |            |     | 2023 |            |
|:---------------------------------|:----|:---------------------------------|--------------:|:----|:-----|--------------:|:----|:---------------------------------|-----------:|:----|:-----|-----------:|
| Self-directed brokerage accounts |     | $                                |   166,382,492 |     | $    |   142,015,446 |     | $                                |          – |     | $    |          – |
| Common collective trust funds    |     |                                  | 7,524,576,465 |     |      | 6,799,601,894 |     |                                  | 25,509,857 |     |      | 25,290,596 |
| Separately managed accounts:     |     |                                  |               |     |      |               |     |                                  |            |     |      |            |
| Domestic equities                |     |                                  |   181,509,806 |     |      |   164,807,668 |     |                                  |  1,659,939 |     |      |  1,355,309 |
| Fixed income securities          |     |                                  |    54,099,426 |     |      |    56,273,175 |     |                                  |    298,895 |     |      |    235,992 |
| Company stock                    |     |                                  |    42,496,960 |     |      |    50,742,243 |     |                                  |    488,460 |     |      |    558,316 |
| Total investments at fair