# EDGAR Filing Document

**Accession Number:** 0000092230
**File Stem:** 0000092230-26-000069
**Filing Date:** 2026-6
**Character Count:** 117159
**Document Hash:** 9e5b99d43d83068fecb0046c45a8c508
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000092230-26-000069.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000092230-26-000069

**CONFORMED SUBMISSION TYPE**: 11-K

**PUBLIC DOCUMENT COUNT**: 35

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUIST FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000092230
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 560939887
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 11-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-10853
- **FILM NUMBER:** 261122677

**BUSINESS ADDRESS:**
- **STREET 1:** 214 NORTH TRYON STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** 8444878478

**MAIL ADDRESS:**
- **STREET 1:** 214 NORTH TRYON STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T CORP
- **DATE OF NAME CHANGE:** 19970527

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOUTHERN NATIONAL CORP /NC/
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? tfc-20260625

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

_____________________________

**FORM 11-K**

_____________________________

**(Mark One)**

🗷&nbsp;&nbsp;&nbsp;&nbsp;**ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

&nbsp;&nbsp;&nbsp;&nbsp;For the fiscal year ended December 31, 2025

OR

◻&nbsp;&nbsp;&nbsp;&nbsp;**TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the transition period from __________________________ to __________________________

**Commission file number 1-10853**

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

**Truist Financial Corporation 401(k) Savings Plan**

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

Truist Financial Corporation

214 North Tryon Street

Charlotte, NC 28202

------

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

**Truist Financial Corporation 401(k) Savings Plan**

**Financial Statements and Supplemental Schedule**

**December 31, 2025 and 2024**

------

**Truist Financial Corporation 401(k) Savings Plan&nbsp;&nbsp;&nbsp;&nbsp;**

**Index**

**December 31, 2025 and 2024**

---

| | |
|:---|:---|
| | **Page** |
| **Report of Independent Registered Public Accounting Firm** | <u>[2](#i1943f7b3afa14aa69b31305ff1b0c07f_10)</u> |
| **Financial Statements** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Statements of Net Assets Available for Benefits at December 31, 2025 and 2024 | <u>[3](#i1943f7b3afa14aa69b31305ff1b0c07f_13)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2025 | <u>[4](#i1943f7b3afa14aa69b31305ff1b0c07f_16)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;Notes to Financial Statements | <u>[5](#i1943f7b3afa14aa69b31305ff1b0c07f_19)</u> |
| **Supplemental Schedule\*** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Schedule H, line 4(i) - Schedule of Assets (Held At End of Year) at December 31, 2025 | <u>[10](#i1943f7b3afa14aa69b31305ff1b0c07f_22)</u> |
| **Exhibit Index** | <u>[25](#i1943f7b3afa14aa69b31305ff1b0c07f_28)</u> |

---

\*Other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.

------

**Report of Independent Registered Public Accounting Firm**

Plan Participants of the Truist Financial Corporation 401(k) Savings Plan and Members of the Compensation and Human Capital Committee of Truist Financial Corporation, Charlotte, North Carolina

**Opinion on the Financial Statements**

We have audited the accompanying statements of net assets available for benefits of the Truist Financial Corporation 401(k) Savings Plan (the "Plan") as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, 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 as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

**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 audits 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 Information** 

The supplemental Schedule H, line 4i-Schedule of Assets (Held at End of Year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental schedule is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental schedule 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 supplemental schedule, we evaluated whether the supplemental schedule, 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 supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Carr, Riggs, & Ingram, L.L.C.

Carr, Riggs & Ingram, L.L.C.

We have served as the Plan's auditor since 2021.

Atlanta, Georgia

June 25, 2026

------

**Truist Financial Corporation 401(k) Savings Plan**

**Statements of Net Assets Available for Benefits**

**December 31, 2025 and 2024**

---

| | | |
|:---|:---|:---|
| | **2025** | **2024** |
| **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments, at fair value | $10128595193 | $9095655298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employer contribution receivable |  | 36317643 |
| &nbsp;&nbsp;&nbsp;&nbsp;Notes receivable from participants | 99023368 | 99028798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net assets available for benefits | $10227618561 | $9231001739 |

---

The accompanying notes are an integral part of these financial statements.

------

**Truist Financial Corporation 401(k) Savings Plan**

**Statement of Changes in Net Assets Available for Benefits**

**Year Ended December 31, 2025**

---

| | |
|:---|:---|
| | **2025** |
| **Additions to (deductions from) net assets attributable to:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment income |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and dividends | $94052079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net appreciation in fair value of investments | 1318868046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income | 1412920125 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income on notes receivable from participants | 8170791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contributions |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer | 144337272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee | 317609550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rollovers | 72615061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total contributions | 534561883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total additions | 1955652799 |
| &nbsp;&nbsp;&nbsp;&nbsp;Benefits paid to participants | (955699358) |
| &nbsp;&nbsp;&nbsp;&nbsp;Administrative expenses | (3057587) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deductions | (958756945) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net increase prior to transfer to other plans | 996895854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to other plans (Note 3) | (279032) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net increase | 996616822 |
| **Net assets available for benefits** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of year | 9231001739 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of year | $10227618561 |

---

The accompanying notes are an integral part of these financial statements.

------

**Truist Financial Corporation 401(k) Savings Plan**

**Notes to Financial Statements**

**December 31, 2025 and 2024**

**1.&nbsp;&nbsp;&nbsp;&nbsp;Description of the Truist Financial Corporation 401(k) Savings Plan**

The following description of the Truist Financial Corporation 401(k) Savings Plan (the "Plan") provides only general information. Participants should refer to the Plan document for a more complete description of the Plan's provisions.

***General***

The Plan is a defined contribution plan sponsored by Truist Financial Corporation (the "Corporation" or "Plan Sponsor"). The Plan, which was established effective July 1, 1982 and amended and restated as of August 1, 2020, is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"), as amended.

The Compensation and Human Capital Committee of the Board of Directors of the Plan Sponsor ("Board") is responsible for oversight of the Plan, including the appropriateness of the Plan's investment offerings, and monitoring of investment performance. In accordance with the Plan document, certain of the Board's responsibilities have been delegated to the Employee Benefits Plan Committee.

All subsidiaries of the Corporation, except our non-US companies, participate in the Plan.

During 2024, the Plan Sponsor divested certain subsidiaries. As part of these divestitures, Truist Insurance Holdings, Inc., including the CRC Insurance Services, Inc., and AmRisc, LLC, subsidiaries, and Sterling Capital Management, LLC were sold to unrelated parties. All these listed subsidiaries were participating subsidiaries in the Plan. However, effective January 1, 2024, all divested subsidiaries except Sterling Capital Management, LLC, began participating in a separate 401(k) Plan which was sponsored by Truist Insurance Holdings, LLC.

Custodian and recordkeeping duties for the Plan were performed by Fidelity Management Trust Company ("Fidelity").

***Eligibility for Participation***

The Plan covers all employees of participating subsidiaries who meet age and service requirements. Employees are eligible to make salary reduction contributions the first day of the month following employment with the Corporation and are eligible to receive matching contributions after attaining the age of 21 with one year of continuous employment in which they have worked at least 1,000 hours. Participation in the Plan is based on voluntary election by each employee.

***Contributions***

Participants can elect to contribute between 0.01% and 50.00% of their eligible earnings, as defined in the Plan document, on a pre-tax basis subject to certain Internal Revenue Code ("IRC") limitations. The Plan also has a Roth feature that allows for after-tax contributions. Eligible participants who have attained the age of 50 before the close of the plan year may make catch-up contributions in accordance with Plan provisions and IRS limits. Participants may make changes in their contribution percentage at any time. Allocations among fund options offered by the Plan may be changed on a daily basis. Participants may also contribute funds from other tax-qualified plans as rollover contributions.

The Plan Sponsor will match participant contributions (other than catch-up contributions), subject to certain IRC limitations, using a formula of 100% match on the first 4% deferred in the form of Safe Harbor contributions. In addition, the Plan allows for a discretionary match if approved by the Board of Directors.

***Vesting***

Participants are vested immediately in their contributions, employer matching and profit sharing contributions and actual earnings allocated to their account. Non-vested employer matching contributions may occur as a result of participants in predecessor plans that have terminated their employment with their employer.

***Notes Receivable from Participants***

Participants may borrow from their account balances in accordance with Plan provisions. Loan amounts are limited to the lesser of $50,000 (reduced by the highest outstanding loan balance during the preceding twelve months) or 50% of the participant's vested account balance, with a minimum loan amount of $1,000. Loans generally must be repaid through payroll deductions over a period ranging from 12 to 60 months and bear interest at a rate equal to Truist Bank prime rate plus 1% at the date of origination. Participants are limited to one loan outstanding at any time. Loans are secured by the participant's account balance.

------

**Truist Financial Corporation 401(k) Savings Plan**

**Notes to Financial Statements**

**December 31, 2025 and 2024**

***Payment of Benefits***

Upon termination of employment, retirement, death, or disability, a participant (or beneficiary) is entitled to receive the vested portion of the participant's account balance in accordance with the Plan. Distributions may be made in a lump sum, in installments over a specified period, or through a direct rollover to an eligible retirement plan or individual retirement account, as elected by the participant (or beneficiary). Distribution of account balances may be deferred subject to applicable regulatory requirements; however, the Plan may require distribution of small balances, including automatic rollovers to an individual retirement account in accordance with Plan provisions. Participants may also receive in-service distributions, including hardship withdrawals, subject to Plan terms and Internal Revenue Service regulations. The Plan is subject to required minimum distribution rules under the Internal Revenue Code. Benefit payments are recorded when paid.

***Participant Accounts***

Each participant's individual account is credited with the participant's contributions and allocations of matching contributions, earnings/(losses) on the account and administrative expenses. Allocations of earnings/(losses) and expenses are based upon the market activity and fees of the investment options selected by the participant. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

***Forfeitures***

Forfeitures represent non-vested employer matching contributions of participants in predecessor plans that have terminated their employment with their employer. At December 31, 2025 and 2024, forfeited accounts totaled $1,022,795 and $817,156, respectively, which can be used to reduce employer contributions. No forfeitures were used to reduce the employer match contributions for the year ended December 31, 2025.

**2.&nbsp;&nbsp;&nbsp;&nbsp;Summary of Significant Accounting Policies**

***Basis of Accounting***

The Plan's financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP").

***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 net assets available for benefits at the dates of the financial statements and the reported changes in net assets available for benefits during the reported periods. Actual results could differ from those estimates.

***Notes Receivable from Participants***

Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Related fees are recorded as administrative expenses. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. No allowance for credit losses has been recorded as of December 31, 2025 or 2024.

***Investment Valuation and Income Recognition***

Participants may direct the investment of their contributions as well as employer contributions among various mutual funds, Truist Financial Corporation common stock, collective trusts, separately managed accounts consisting primarily of common stock and foreign stock, and a Brokeragelink account, each offering different degrees of risk and return. The Employee Benefits Plan Committee determines the Plan's valuation policies utilizing information provided by the custodian. The Plan's investments are stated at fair value. Refer to Note 4 for disclosures of methodologies used to determine the recorded fair value of Plan investments.

Purchases and sales of investments are recorded on a trade-date basis. Dividend income on mutual funds and Truist Financial Corporation common stock is recorded on the ex-dividend date. Capital gain distributions on mutual funds are included in dividend income. The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation (depreciation) in the fair value of its investments, which consists of the realized gains or losses and unrealized appreciation or depreciation on investments held at year end.

The Financial Accounting Standards Board ("FASB") ASC Topic 820, *Fair Value Measurements* ("Topic 820"), provides a framework for measuring fair value which requires that an entity determine asset and liability fair values based on the exit price from an orderly transaction in the principal market for the asset or liability being measured.

------

**Truist Financial Corporation 401(k) Savings Plan**

**Notes to Financial Statements**

**December 31, 2025 and 2024**

***Administrative Expenses and Investment-Related Fees***

Administrative expenses are paid by the Plan, unless otherwise paid by the Plan Sponsor. Expenses that are paid by the Plan Sponsor are excluded from these financial statements. The Plan Sponsor has elected to pay certain administrative fees related to professional services provided to the Plan. Investment-related fees are included in net appreciation of fair value of investments. Fees that are transactional in nature are charged to participant accounts.

***Payment of Benefits***

Benefits payments are recorded when they have been approved for payment and paid by the Plan.

**Reclassifications**

Certain amounts within the fair value hierarchy tables as of December 31, 2024 have been reclassified to conform to the current year presentation. These reclassifications relate to the categorization of certain investment balances within the fair value hierarchy and had no effect on total investments, net assets available for benefits, or the change in net assets available for benefits for any period presented.

**3.&nbsp;&nbsp;&nbsp;&nbsp;Plan Transfers**

During 2025, no plans were merged into the Plan from acquisitions. However, due to the sale of Sterling Capital Management, LLC, during the 2024 plan year, assets of $279,032 were transferred to another plan during the year ended December 31, 2025.

**4.&nbsp;&nbsp;&nbsp;&nbsp;Fair Value of Financial Instruments**

Topic 820 establishes a three-level fair value hierarchy that describes the inputs used to measure assets and liabilities. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The valuation methodology was applied consistently from year to year.

**<u>Level 1</u>**

Level 1 asset and liability fair values are based on quoted prices in active markets for identical assets and liabilities. Level 1 assets and liabilities include mutual funds, and common and foreign stock traded on an exchange or listed market. The Plan offers a Brokeragelink option that holds common and preferred stock, money market funds, and various corporate and government bonds. The common and preferred stock and money market funds are traded in active markets.

Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value ("NAV") and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

**<u>Level 2</u>**

Level 2 asset and liability fair values are based on observable inputs that include: quoted market prices for similar assets or liabilities in an active market not defined by Level 1; quoted market prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable in the market and can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include collective trusts, and corporate and government bonds in the Brokeragelink option.

The fair value of the collective trusts is based on NAV, as provided by the trustee. The NAV is based on the fair value of the underlying investments held by the fund less its liabilities. Transactions (purchase and sales) may occur daily. The collective trusts have a readily determinable fair value in that NAV is determined and made available to the Plan daily, and is the basis for current transactions. Were the Plan to initiate a full redemption of the collective trusts, the investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations at the then current NAV will be carried out in an orderly business manner. The collective trusts have a daily redemption frequency, a redemption notice period of 30 days to one year, and no unfunded commitments.

The fair value of government securities and corporate bonds are determined by closing prices at the end of the Plan year. Closing prices are obtained from third party pricing vendors. When quoted prices are unavailable, pricing vendors use various valuation methodologies, which are based on quoted prices for securities with similar coupons, ratings, and maturities.

------

**Truist Financial Corporation 401(k) Savings Plan**

**Notes to Financial Statements**

**December 31, 2025 and 2024**

**<u>Level 3</u>**

Level 3 assets and liabilities are financial instruments whose value is calculated by the use of pricing models and/or discounted cash flow methodologies, as well as financial instruments for which the determination of fair value requires significant management judgment or estimation. These methodologies may result in a significant portion of the fair value being derived from unobservable data. As of December 31, 2025 and 2024, there are no level 3 assets or liabilities.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 and 2024 are summarized below:

---

| | | | |
|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Total** | **Level 1** | **Level 2** |
| Truist common stock | $535911991 | $535911991 | $— |
| Mutual funds | 854330248 | 854330248 |  |
| Brokeragelink | 551932990 | 540299074 | 11633916 |
| Collective trusts | 7597284682 |  | 7597284682 |
| Separately managed accounts |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest bearing cash | 5094286 | 5094286 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | (37102) | (37102) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. government securities | 68696410 |  | 68696410 |
| &nbsp;&nbsp;&nbsp;&nbsp;Government-related | 14320202 |  | 14320202 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securitized | 201741452 |  | 201741452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate debt | 102811580 |  | 102811580 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investments at fair value | $9932086739 | $1935598497 | $7996488242 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| | **Total** | **Level 1** | **Level 2** |
| Truist common stock | $507886676 | $507886676 | $— |
| Mutual funds | 1342723392 | 1342723392 |  |
| Brokeragelink | 444727668 | 432412445 | 12315223 |
| Collective trusts | 6583156626 |  | 6583156626 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investments at fair value | $8878494362 | $2283022513 | $6595471849 |

---

**<u>Investments Measured at NAV</u>**

The Plan invests in the Vanguard Retirement Savings Trust, a stable value collective trust that invests primarily in investment contracts issued by insurance companies, banks or other financial institutions, including investment contracts backed by high-quality fixed income securities and seeks to preserve principal while providing stable returns. The Plan's investment in this fund is $196,508,454 at December 31, 2025 and $217,160,936 as of December 31, 2024. The investment is valued at net asset value ("NAV") per unit as provided by the trustee, as a practical expedient under ASC 820. Accordingly, the fund is not included in the fair value hierarchy. Participant transactions occur daily at NAV. While participant redemptions are not restricted, employer-initiated withdrawals may be subject to advance notice requirements or other conditions. The fund has no unfunded commitments. Although the fund invests in fully benefit-responsive contracts, the Plan's investment is indirect; therefore, it is measured at NAV rather than contract value.

**5.&nbsp;&nbsp;&nbsp;&nbsp;Tax Status**

The IRS has determined and informed the Plan Sponsor by a letter dated September 7, 2022, that the Plan was designed in accordance with applicable sections of the IRC. Although the Plan has been amended since receiving the determination letter, the Plan Administrator believes that the Plan was designed and is currently being operated in compliance with the applicable provisions of the IRC. Therefore, no provision for income taxes was included in the Plan's financial statements.

------

**Truist Financial Corporation 401(k) Savings Plan**

**Notes to Financial Statements**

**December 31, 2025 and 2024**

Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan 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, 2025 and 2024, there are no uncertain positions taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

**6.&nbsp;&nbsp;&nbsp;&nbsp;Plan Termination**

Although it has not expressed any intent to do so, the Plan Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, assets of the Plan would be distributed in accordance with the Plan document.

**7.&nbsp;&nbsp;&nbsp;&nbsp;Related Party and Party-In-Interest Transactions**

Included in the Plan assets are Truist Financial Corporation common stock and certain assets held by and managed by Fidelity Management Trust Company. Balances, income and transactions related to these investments, which are party-in-interest transactions under ERISA, are presented in the following tables:

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| | **2025** | **2024** |
| Number of shares, Truist Financial Corporation common stock | 10890048 | 11707254 |
| Truist Financial Corporation common stock | $535911991 | $507886676 |
| Fidelity Brokeragelink | $551932990 | $444727668 |
| Mutual funds and common collective trusts | $3460892590 | $2997281254 |
| Separately managed accounts | $24357974 | $— |

---

---

| | |
|:---|:---|
| | **For the year ended**<br>**December 31, 2025** |
| Dividends on Truist Financial Corporation common stock | $23872691 |
| Realized and unrealized gain on Truist Financial Corporation common stock | $65442049 |

---

The expenses paid through the Plan include only transactional charges such as loan issuance fees, Qualified Domestic Relations Order fees and check reissues. In addition, there are fees charged by Fidelity to participants that opt to receive guidance on investment election/allocation. Fees charged by Fidelity were $3,057,587 for the year ended December 31, 2025.

**8.&nbsp;&nbsp;&nbsp;&nbsp;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.

**9.&nbsp;&nbsp;&nbsp;&nbsp;Subsequent Events**

The Plan's management evaluated subsequent events through the date on which the financial statements were issued.

------

---

| | | | |
|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
| \* | Truist Financial Corporation | Common stock | $535911991 |
| \* | Brokeragelink | Brokeragelink | 551932990 |
|  | Vanguard Retirement Income Trust | Collective trust | 105095687 |
|  | Vanguard Target 2020 | Collective trust | 135772421 |
|  | Vanguard Target 2025 | Collective trust | 283517992 |
|  | Vanguard Target 2030 | Collective trust | 476058982 |
|  | Vanguard Target 2035 | Collective trust | 515456627 |
|  | Vanguard Target 2040 | Collective trust | 509241758 |
|  | Vanguard Target 2045 | Collective trust | 458092122 |
|  | Vanguard Target 2050 | Collective trust | 337285129 |
|  | Vanguard Target 2055 | Collective trust | 224112201 |
|  | Vanguard Target 2060 | Collective trust | 107507205 |
|  | Vanguard Target 2065 | Collective trust | 49536886 |
|  | Vanguard Target 2070 | Collective trust | 9379386 |
|  | MFS Growth 5 | Collective trust | 727975882 |
|  | MFS Mid Cap Value 5 | Collective trust | 182020964 |
|  | Brown Adv SCG CIT | Collective trust | 75189012 |
| \* | Spartan 500 INDEX PL CL F | Collective trust | 1951250328 |
| \* | Spartan SMALL CP IND CL F | Collective trust | 182955190 |
| \* | Spartan MID CAP IDX CL F | Collective trust | 76504545 |
| \* | Spartan GLB EXUS IDX CL F | Collective trust | 357591164 |
| \* | Spartan LC VALUE INDEX F | Collective trust | 677418214 |
|  | T Rowe Price US Mid Cap Equity Growth | Collective trust | 155322987 |
|  | *Total Collective Trusts* |  | 7597284682 |
|  | Vanguard Retirement Savings Trust | Stable value fund | 196508454 |
|  | T Rowe Price Institutional Mid Cap | Mutual fund |  |
|  | Harbor Diversified International All Cap | Mutual fund | 38589842 |
|  | BBH Limited Duration Fund | Mutual fund | 47453154 |
|  | Dodge & Cox Income X | Mutual fund | 147 |
|  | Vanguard Treasury Money Market Fund | Mutual fund | 306009007 |
|  | American Funds EuroPacific Growth | Mutual fund | 122160781 |
|  | RBC Emerging Markets Equity Fund | Mutual fund | 103342285 |
|  | PIMCO Long Duration Total Return | Mutual fund | 21601883 |
| \* | Fidelity Government Money Market | Mutual fund | 1787086 |
| \* | Fidelity Inflation Protected Bond Fund | Mutual fund | 52047281 |
| \* | Fidelity US Bond Index | Mutual fund | 44 |
| \* | Fidelity Small Cap Value Index | Mutual fund | 161338738 |
|  | *Total Mutual Funds* |  | 854330248 |
|  | **Holdings in Separately Managed Accounts** |  |  |
|  | Money Market | Separately managed account | 5094286 |
|  | Other Liabilities | Separately managed account | (37102) |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | *U.S. Treasury* |  |  |  |  |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.750% | 8/15/55 | 6277689 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.125% | 8/15/53 | 6828178 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.875% | 8/15/45 | 5919807 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.625% | 11/15/44 | 5807108 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.125% | 8/15/44 | 3504745 |
|  | U.S. Treasury Note/Bond | Separately managed account | 2.875% | 5/15/52 | 2722121 |
|  | U.S. Treasury Note/Bond | Separately managed account | 3.375% | 8/15/42 | 2521779 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.000% | 11/15/52 | 1940961 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.500% | 2/15/44 | 1908789 |
|  | U.S. Treasury Inflation Indexed | Separately managed account | 1.500% | 2/15/53 | 1277035 |
|  | U.S. Treasury Note/Bond | Separately managed account | 3.000% | 8/15/52 | 1127691 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.750% | 11/15/53 | 1056996 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.625% | 11/15/55 | 915154 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.750% | 5/15/55 | 800947 |
|  | U.S. Treasury Inflation Indexed | Separately managed account | 2.375% | 2/15/55 | 666955 |
|  | U.S. Treasury Inflation Indexed | Separately managed account | 2.125% | 2/15/54 | 394184 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.500% | 11/15/54 | 341656 |
|  | U.S. Treasury Note/Bond | Separately managed account | 4.250% | 2/15/54 | 326641 |
|  | *Total U.S. Treasury* |  |  |  | 44338436 |
| \* | FIAM US Government | Separately managed account |  |  | 24357974 |
|  | *Total U.S. Government Securities* |  |  |  | 68696410 |
|  | *Government-Related* |  |  |  |  |
|  | Peroleos Mexicanos | Separately managed account | 7.690% | 1/23/50 | 3073475 |
|  | State of Illinois GO | Separately managed account | 5.100% | 6/1/33 | 2613056 |
|  | Peroleos Mexicanos | Separately managed account | 6.700% | 2/16/32 | 2576587 |
|  | State of California GO | Separately managed account | 7.300% | 10/1/39 | 1371146 |
|  | Peroleos Mexicanos | Separately managed account | 6.625% | 6/15/35 | 709141 |
|  | New Jersey Turnpike Authority RB | Separately managed account | 7.102% | 1/1/41 | 632052 |
|  | Colombia Government International | Separately managed account | 7.375% | 4/25/30 | 572194 |
|  | Colombia Government International | Separately managed account | 7.750% | 11/7/36 | 490005 |
|  | State of California GO | Separately managed account | 7.500% | 4/1/34 | 480090 |
|  | Peroleos Mexicanos | Separately managed account | 6.375% | 1/23/45 | 400026 |
|  | Peroleos Mexicanos | Separately managed account | 6.750% | 9/21/47 | 323767 |
|  | Colombia Government International | Separately managed account | 3.125% | 4/15/31 | 296683 |
|  | Peroleos Mexicanos | Separately managed account | 6.500% | 6/2/41 | 217794 |
|  | New Jersey Turnpike Authority RB | Separately managed account | 7.414% | 1/1/40 | 179164 |
|  | State of California GO | Separately managed account | 7.550% | 4/1/39 | 172543 |
|  | State of California GO | Separately managed account | 7.625% | 3/1/40 | 147726 |
|  | Peroleos Mexicanos | Separately managed account | 6.350% | 2/12/48 | 64753 |
|  | *Total Government-Related* |  |  |  | 14320202 |
|  | *Securitized* |  |  |  |  |
|  | Fannie Mae Pool MA5551 30 Year | Separately managed account | 4.500% | 12/1/54 |  |
|  | Fannie Mae Pool MA4600 30 Year | Separately managed account | 3.500% | 5/1/52 | 16941899 |
|  | Freddie Mac Pool Group SD8504 30 Year | Separately managed account | 4.500% | 2/1/55 | 10344130 |
|  | Freddie Mac Pool Group SD8256 30 Year | Separately managed account | 4.000% | 10/1/52 | 5999360 |
|  | Fannie Mae Pool FS9443 30 Year | Separately managed account | 4.500% | 2/1/54 | 4454295 |
|  | Fannie Mae Pool MA4654 30 Year | Separately managed account | 3.500% | 7/1/52 | 4172996 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Freddie Mac Pool Group SD6706 30 Year | Separately managed account | 4.500% | 1/1/54 | 3293827 |
|  | Fannie Mae Pool MA4625 30 Year | Separately managed account | 3.500% | 6/1/52 | 3231409 |
|  | Fannie Mae Pool MA4732 30 Year | Separately managed account | 4.000% | 9/1/52 | 2681454 |
|  | Freddie Mac Pool Group SD8489 30 Year | Separately managed account | 4.500% | 12/1/54 | 2427737 |
|  | Fannie Mae Pool MA4783 30 Year | Separately managed account | 4.000% | 10/1/52 | 2117001 |
|  | Fannie Mae Pool FM7599 30 Year | Separately managed account | 3.500% | 1/1/51 | 1932974 |
|  | Freddie Mac Pool Group SD8266 30 Year | Separately managed account | 4.500% | 11/1/52 | 1902543 |
|  | Freddie Mac Pool Group RA4119 30 Year | Separately managed account | 2.000% | 12/1/50 | 1795860 |
|  | Fannie Mae Pool MA4733 30 Year | Separately managed account | 4.500% | 9/1/52 | 1668989 |
|  | Freddie Mac Pool Group RA4063 30 Year | Separately managed account | 2.000% | 12/1/50 | 1443007 |
|  | Fannie Mae Pool FA2688 30 Year | Separately managed account | 4.500% | 9/1/55 | 1430761 |
|  | Fannie Mae Pool MA4731 30 Year | Separately managed account | 3.500% | 9/1/52 | 1321415 |
|  | Freddie Mac Pool Group SD2995 30 Year | Separately managed account | 2.500% | 5/1/52 | 1304507 |
|  | Freddie Mac Pool Group SD8473 30 Year | Separately managed account | 4.500% | 11/1/54 | 1229301 |
|  | Freddie Mac Pool Group SL2291 30 Year | Separately managed account | 4.500% | 9/1/55 | 1220904 |
|  | Freddie Mac Pool Group RA3673 30 Year | Separately managed account | 2.000% | 10/1/50 | 1207657 |
|  | Freddie Mac Pool Group SD8237 30 Year | Separately managed account | 4.000% | 8/1/52 | 1169018 |
|  | Fannie Mae Pool FS3816 30 Year | Separately managed account | 3.500% | 12/1/52 | 1161648 |
|  | Fannie Mae Pool MA4626 30 Year | Separately managed account | 4.000% | 6/1/52 | 1114606 |
|  | Fannie Mae Pool FS6596 30 Year | Separately managed account | 3.500% | 10/1/53 | 1058478 |
|  | Fannie Mae Pool FS9508 30 Year | Separately managed account | 4.500% | 3/1/54 | 1022107 |
|  | Freddie Mac Pool Group SD5322 30 Year | Separately managed account | 4.000% | 3/1/53 | 979614 |
|  | Freddie Mac Pool Group SD8255 30 Year | Separately managed account | 3.500% | 10/1/52 | 945173 |
|  | Fannie Mae Pool FA0425 30 Year | Separately managed account | 4.500% | 3/1/54 | 869681 |
|  | Freddie Mac Pool Group SD7530 30 Year | Separately managed account | 2.500% | 11/1/50 | 804009 |
|  | Fannie Mae Pool FS9506 30 Year | Separately managed account | 4.500% | 12/1/53 | 764349 |
|  | Fannie Mae Pool FS7754 30 Year | Separately managed account | 4.000% | 7/1/53 | 762785 |
|  | Fannie Mae Pool MA4804 30 Year | Separately managed account | 4.000% | 11/1/52 | 757578 |
|  | Freddie Mac Pool Group SD7536 30 Year | Separately managed account | 2.500% | 2/1/51 | 716380 |
|  | Fannie Mae Pool FA0427 30 Year | Separately managed account | 4.500% | 1/1/54 | 666446 |
|  | Fannie Mae Pool CB4821 30 Year | Separately managed account | 4.500% | 10/1/52 | 654324 |
|  | Fannie Mae Pool CB4809 30 Year | Separately managed account | 4.000% | 10/1/52 | 653364 |
|  | Freddie Mac Group 841666 Hybrid ARM | Separately managed account | 4.135% | 1/1/53 | 625846 |
|  | Fannie Mae Pool MA4700 30 Year | Separately managed account | 4.000% | 8/1/52 | 582858 |
|  | Freddie Mac Pool Group RA6613 30 Year | Separately managed account | 3.000% | 1/1/52 | 579389 |
|  | Fannie Mae Pool FS8361 30 Year | Separately managed account | 3.500% | 12/1/53 | 560033 |
| \* | Fannie Mae Pool FS0377 30 Year | Separately managed account | 2.500% | 2/1/52 | 559956 |
|  | Freddie Mac Pool Group RA3495 30 Year | Separately managed account | 2.000% | 9/1/50 | 555035 |
|  | Fannie Mae Pool FS0605 30 Year | Separately managed account | 2.500% | 2/1/52 | 547089 |
|  | Fannie Mae Pool FM5976 30 Year | Separately managed account | 2.000% | 2/1/51 | 546581 |
| \* | Fannie Mae Pool CA8103 30 Year | Separately managed account | 2.000% | 12/1/50 | 541688 |
|  | Freddie Mac Pool Group SI2106 30 Year | Separately managed account | 2.500% | 5/1/51 | 513579 |
|  | Fannie Mae Pool CA8572 30 Year | Separately managed account | 2.000% | 1/1/51 | 513535 |
|  | Fannie Mae Pool FS7755 30 Year | Separately managed account | 4.000% | 2/1/53 | 484416 |
|  | Fannie Mae Pool CA8427 30 Year | Separately managed account | 2.000% | 12/1/50 | 478292 |
|  | Freddie Mac Pool Group RA2859 30 Year | Separately managed account | 2.500% | 6/1/50 | 478220 |
|  | Fannie Mae Pool FA1677 30 Year | Separately managed account | 4.000% | 6/1/52 | 468161 |
|  | Freddie Mac Pool Group RA3354 30 Year | Separately managed account | 2.000% | 9/1/50 | 463567 |
|  | Fannie Mae Pool CA6527 30 Year | Separately managed account | 2.500% | 7/1/50 | 449200 |
|  | Fannie Mae Pool BM6944 Hybrid ARM | Separately managed account | 2.034% | 5/1/52 | 431061 |
|  | Fannie Mae Pool MA5070 30 Year | Separately managed account | 4.500% | 7/1/53 | 426521 |
|  | Fannie Mae Pool CA6257 30 Year | Separately managed account | 2.500% | 7/1/50 | 423218 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Fannie Mae Pool CA6564 30 Year | Separately managed account | 2.500% | 8/1/50 | 419237 |
|  | Fannie Mae Pool BU8931 30 Year | Separately managed account | 3.500% | 4/1/52 | 414717 |
|  | Fannie Mae Pool CA6514 30 Year | Separately managed account | 2.500% | 7/1/50 | 412245 |
|  | Freddie Mac Pool Group SD8274 30 Year | Separately managed account | 4.000% | 12/1/52 | 405538 |
|  | Freddie Mac Pool Group RA3201 30 Year | Separately managed account | 2.500% | 8/1/50 | 405261 |
|  | Freddie Mac Pool Group SD8265 30 Year | Separately managed account | 4.000% | 11/1/52 | 403536 |
|  | Fannie Mae Pool FM9874 30 Year | Separately managed account | 2.500% | 12/1/51 | 402427 |
|  | Fannie Mae Pool FS2137 30 Year | Separately managed account | 3.500% | 6/1/52 | 401508 |
|  | Fannie Mae Pool CA8098 30 Year | Separately managed account | 2.000% | 12/1/50 | 401311 |
|  | Fannie Mae Pool CA6924 30 Year | Separately managed account | 2.000% | 9/1/50 | 396341 |
|  | Fannie Mae Pool BV5581 30 Year | Separately managed account | 3.500% | 5/1/52 | 371579 |
|  | Fannie Mae Pool CB4532 30 Year | Separately managed account | 3.500% | 6/1/52 | 371507 |
|  | Fannie Mae Pool CB3333 30 Year | Separately managed account | 3.500% | 4/1/52 | 360958 |
|  | Fannie Mae Pool BF0617 40 Year | Separately managed account | 2.500% | 3/1/62 | 360084 |
|  | Fannie Mae Pool CA6714 30 Year | Separately managed account | 2.500% | 8/1/50 | 358818 |
|  | Fannie Mae Pool CB3592 30 Year | Separately managed account | 3.500% | 5/1/52 | 354304 |
|  | Fannie Mae Pool MA3960 30 Year | Separately managed account | 3.000% | 3/1/50 | 349636 |
|  | Fannie Mae Pool FS1864 30 Year | Separately managed account | 3.500% | 5/1/52 | 338067 |
|  | Freddie Mac Pool Group RA3729 30 Year | Separately managed account | 2.000% | 10/1/50 | 334080 |
|  | Freddie Mac Pool Group RA2957 30 Year | Separately managed account | 2.000% | 7/1/50 | 329658 |
|  | Freddie Mac Pool Group RA7514 30 Year | Separately managed account | 3.500% | 6/1/52 | 326891 |
|  | Fannie Mae Pool FS1865 30 Year | Separately managed account | 3.500% | 5/1/52 | 326815 |
|  | Freddie Mac Pool Group SD7485 30 Year | Separately managed account | 4.500% | 2/1/54 | 322952 |
|  | Freddie Mac Pool Group RA2969 30 Year | Separately managed account | 2.500% | 7/1/50 | 322294 |
|  | Fannie Mae Pool CA6035 30 Year | Separately managed account | 2.500% | 6/1/50 | 312094 |
|  | Freddie Mac Pool Group RA3454 30 Year | Separately managed account | 2.000% | 9/1/50 | 307127 |
|  | Fannie Mae Pool FA0306 30 Year | Separately managed account | 4.500% | 12/1/54 | 304168 |
|  | Fannie Mae Pool FS1530 30 Year | Separately managed account | 3.000% | 4/1/52 | 303217 |
|  | Fannie Mae Pool CA6694 30 Year | Separately managed account | 2.000% | 8/1/50 | 302915 |
|  | Fannie Mae Pool CB3577 30 Year | Separately managed account | 3.000% | 5/1/52 | 302463 |
|  | Fannie Mae Pool CA8100 30 Year | Separately managed account | 2.000% | 12/1/50 | 301559 |
|  | Fannie Mae Pool FS2136 30 Year | Separately managed account | 3.500% | 6/1/52 | 298410 |
|  | Freddie Mac Pool Group RA4232 30 Year | Separately managed account | 2.000% | 12/1/50 | 291710 |
|  | Freddie Mac Pool Group QE0763 30 Year | Separately managed account | 3.500% | 4/1/52 | 287899 |
|  | Freddie Mac Pool Group SD5324 30 Year | Separately managed account | 4.000% | 2/1/53 | 285487 |
|  | Freddie Mac Pool Group SD5758 30 Year | Separately managed account | 3.500% | 8/1/53 | 285276 |
|  | Fannie Mae Pool FS4227 30 Year | Separately managed account | 3.500% | 4/1/53 | 284169 |
|  | Fannie Mae Pool MA5612 30 Year | Separately managed account | 4.500% | 2/1/55 | 283298 |
|  | Fannie Mae Pool MA4784 30 Year | Separately managed account | 4.500% | 10/1/52 | 276626 |
|  | Fannie Mae Pool BM4804 15 Year | Separately managed account | 4.000% | 11/1/33 | 273623 |
|  | Freddie Mac Group 841395 Hybrid ARM | Separately managed account | 2.023% | 5/1/52 | 273268 |
|  | Freddie Mac Pool Group RA3481 30 Year | Separately managed account | 2.000% | 9/1/50 | 272863 |
|  | Fannie Mae Pool CA6389 30 Year | Separately managed account | 2.000% | 7/1/50 | 271121 |
|  | Fannie Mae Pool CA8813 30 Year | Separately managed account | 2.000% | 2/1/51 | 269933 |
|  | Freddie Mac Pool Group SD2253 30 Year | Separately managed account | 3.500% | 12/1/52 | 268319 |
|  | Fannie Mae Pool CA6238 30 Year | Separately managed account | 2.500% | 7/1/50 | 265354 |
|  | Fannie Mae Pool CA8597 30 Year | Separately managed account | 2.500% | 1/1/51 | 265292 |
|  | Freddie Mac Pool Group SD4518 30 Year | Separately managed account | 3.500% | 8/1/53 | 255445 |
|  | Fannie Mae Pool CA6140 30 Year | Separately managed account | 2.000% | 6/1/50 | 254140 |
|  | Fannie Mae Pool FA2083 30 Year | Separately managed account | 4.500% | 2/1/53 | 252889 |
|  | Fannie Mae Pool CB3843 30 Year | Separately managed account | 3.500% | 6/1/52 | 248098 |
|  | Freddie Mac Pool Group SL1300 30 Year | Separately managed account | 4.000% | 4/1/53 | 245399 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Fannie Mae Pool FM9480 30 Year | Separately managed account | 2.500% | 11/1/51 | 242034 |
|  | Fannie Mae Pool BV2509 30 Year | Separately managed account | 4.000% | 6/1/52 | 241349 |
|  | Fannie Mae Pool CA7728 30 Year | Separately managed account | 2.500% | 11/1/50 | 240270 |
|  | Freddie Mac Pool Group SD8490 30 Year | Separately managed account | 4.500% | 1/1/55 | 239534 |
|  | Fannie Mae Pool BV9868 30 Year | Separately managed account | 3.500% | 5/1/52 | 239428 |
|  | Fannie Mae Pool MA4803 30 Year | Separately managed account | 3.500% | 11/1/52 | 237333 |
|  | Fannie Mae Pool BT9404 20 Year | Separately managed account | 2.000% | 11/1/41 | 228317 |
|  | Fannie Mae Pool CA6266 30 Year | Separately managed account | 2.500% | 7/1/50 | 215372 |
|  | Fannie Mae Pool CB4082 30 Year | Separately managed account | 3.500% | 7/1/52 | 215081 |
|  | Freddie Mac Pool Group SD0521 30 Year | Separately managed account | 3.000% | 6/1/50 | 211491 |
|  | Fannie Mae Pool FM3478 30 Year | Separately managed account | 2.500% | 6/1/50 | 210795 |
|  | Freddie Mac Pool Group RA3225 30 Year | Separately managed account | 2.000% | 8/1/50 | 210742 |
|  | Fannie Mae Pool FM9958 30 Year | Separately managed account | 3.500% | 11/1/51 | 209017 |
|  | Freddie Mac Pool Group RA3224 30 Year | Separately managed account | 2.000% | 8/1/50 | 208778 |
|  | Fannie Mae Pool FS2139 30 Year | Separately managed account | 3.500% | 6/1/52 | 206512 |
|  | Fannie Mae Pool MA4902 30 Year | Separately managed account | 3.500% | 1/1/53 | 206331 |
|  | Fannie Mae Pool CB3604 30 Year | Separately managed account | 3.500% | 5/1/52 | 205622 |
|  | Freddie Mac Pool Group RA7513 30 Year | Separately managed account | 3.500% | 6/1/52 | 205229 |
|  | Freddie Mac Group 841677 Hybrid ARM | Separately managed account | 2.363% | 12/1/50 | 204979 |
|  | Fannie Mae Pool MA4701 30 Year | Separately managed account | 4.500% | 8/1/52 | 202522 |
|  | Freddie Mac Pool Group QF0981 30 Year | Separately managed account | 4.000% | 10/1/52 | 193572 |
|  | Fannie Mae Pool CB3845 30 Year | Separately managed account | 3.500% | 6/1/52 | 192000 |
|  | Freddie Mac Group 841376 Hybrid ARM | Separately managed account | 2.182% | 11/1/50 | 190893 |
|  | Freddie Mac Pool Group RA6496 30 Year | Separately managed account | 2.500% | 12/1/51 | 182730 |
|  | Freddie Mac Pool Group RA3019 30 Year | Separately managed account | 2.500% | 7/1/50 | 181446 |
|  | Fannie Mae Pool CA6247 30 Year | Separately managed account | 2.500% | 7/1/50 | 181324 |
|  | Fannie Mae Pool MA4782 30 Year | Separately managed account | 3.500% | 10/1/52 | 180325 |
|  | Fannie Mae Pool CA6252 30 Year | Separately managed account | 2.000% | 7/1/50 | 177512 |
|  | Freddie Mac Gold Group G30804 20 Year | Separately managed account | 4.000% | 1/1/35 | 172860 |
|  | Freddie Mac Pool Group SD1769 30 Year | Separately managed account | 2.500% | 5/1/52 | 172561 |
|  | Freddie Mac Group 841500 Hybrid ARM | Separately managed account | 4.107% | 10/1/52 | 171529 |
|  | Fannie Mae Pool CB4328 30 Year | Separately managed account | 3.500% | 8/1/52 | 171511 |
|  | Freddie Mac Group 841075 Hybrid ARM | Separately managed account | 3.280% | 1/1/49 | 169812 |
|  | Fannie Mae Pool CA6237 30 Year | Separately managed account | 2.000% | 7/1/50 | 167682 |
|  | Freddie Mac Pool Group RA7533 30 Year | Separately managed account | 3.500% | 6/1/52 | 166656 |
|  | Fannie Mae Pool FM8768 30 Year | Separately managed account | 2.500% | 2/1/51 | 165902 |
|  | Freddie Mac Pool Group RA2892 30 Year | Separately managed account | 2.500% | 6/1/50 | 163393 |
|  | Fannie Mae Pool CA6930 30 Year | Separately managed account | 2.500% | 9/1/50 | 161934 |
|  | Fannie Mae Pool MA2923 20 Year | Separately managed account | 3.500% | 3/1/37 | 160118 |
|  | Freddie Mac Group 8C6046 Hybrid ARM | Separately managed account | 3.945% | 6/1/55 | 159740 |
|  | Freddie Mac Pool Group QE2637 30 Year | Separately managed account | 3.500% | 5/1/52 | 157395 |
|  | Freddie Mac Pool Group SL0454 30 Year | Separately managed account | 4.500% | 11/1/54 | 154053 |
|  | Freddie Mac Pool Group SD1322 30 Year | Separately managed account | 2.500% | 3/1/52 | 150282 |
|  | Fannie Mae Pool BM3386 30 Year | Separately managed account | 4.000% | 2/1/47 | 146830 |
|  | Fannie Mae Pool FM9558 20 Year | Separately managed account | 2.500% | 11/1/41 | 141634 |
|  | Freddie Mac Pool Group SD7402 30 Year | Separately managed account | 4.500% | 12/1/54 | 140150 |
|  | Freddie Mac Pool Group RB5142 20 Year | Separately managed account | 2.500% | 1/1/42 | 139961 |
|  | Freddie Mac Group 841485 Hybrid ARM | Separately managed account | 4.171% | 9/1/52 | 139613 |
|  | Fannie Mae Pool CB2859 30 Year | Separately managed account | 2.500% | 2/1/52 | 135691 |
|  | Fannie Mae Pool CA6990 30 Year | Separately managed account | 2.500% | 9/1/50 | 133743 |
|  | Fannie Mae Pool CB3605 30 Year | Separately managed account | 3.500% | 5/1/52 | 131554 |
|  | Freddie Mac Pool Group RA7277 30 Year | Separately managed account | 3.500% | 5/1/52 | 130187 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Fannie Mae Pool AL5863 30 Year | Separately managed account | 4.500% | 6/1/41 | 127513 |
|  | Freddie Mac Pool Group RA2623 30 Year | Separately managed account | 2.500% | 5/1/50 | 126725 |
|  | Freddie Mac Pool Group RA3202 30 Year | Separately managed account | 2.500% | 7/1/50 | 126397 |
|  | Freddie Mac Pool Group RA2976 30 Year | Separately managed account | 2.500% | 7/1/50 | 122464 |
|  | Freddie Mac Pool Group RA6337 30 Year | Separately managed account | 2.500% | 11/1/51 | 121798 |
|  | Fannie Mae Pool FA0250 30 Year | Separately managed account | 4.500% | 1/1/53 | 121072 |
|  | Fannie Mae Pool FM8850 20 Year | Separately managed account | 2.500% | 9/1/41 | 119584 |
|  | Fannie Mae Pool BM7243 Hybrid ARM | Separately managed account | 4.672% | 4/1/53 | 119499 |
|  | Freddie Mac Gold Group G07942 30 Year | Separately managed account | 4.500% | 7/1/44 | 118819 |
|  | Fannie Mae Pool FM4141 30 Year | Separately managed account | 2.500% | 9/1/50 | 118756 |
|  | Freddie Mac Group 841607 Hybrid ARM | Separately managed account | 4.750% | 8/1/53 | 116734 |
|  | Fannie Mae Pool BM7260 Hybrid A RM | Separately managed account | 4.512% | 7/1/53 | 116233 |
|  | Fannie Mae Pool CA6401 30 Year | Separately managed account | 2.500% | 7/1/50 | 115449 |
|  | Freddie Mac Pool Group RA7326 30 Year | Separately managed account | 3.500% | 5/1/52 | 114366 |
|  | Freddie Mac Pool Group QE5714 30 Year | Separately managed account | 3.500% | 7/1/52 | 113392 |
|  | Fannie Mae Pool BV9928 30 Year | Separately managed account | 3.500% | 6/1/52 | 111871 |
|  | Fannie Mae Pool FS9137 30 Year | Separately managed account | 4.500% | 4/1/53 | 108538 |
|  | Fannie Mae Pool FM4228 30 Year | Separately managed account | 2.500% | 8/1/50 | 107499 |
|  | Fannie Mae Pool BV5582 30 Year | Separately managed account | 3.500% | 5/1/52 | 105856 |
|  | Freddie Mac Pool Group SC0258 20 Year | Separately managed account | 2.500% | 3/1/42 | 104057 |
|  | Fannie Mae Pool CA5966 30 Year | Separately managed account | 2.500% | 6/1/50 | 103805 |
|  | Fannie Mae Pool BU1194 20 Year | Separately managed account | 2.500% | 3/1/42 | 103528 |
|  | Freddie Mac Group 841569 Hybrid ARM | Separately managed account | 4.511% | 6/1/53 | 102792 |
|  | Freddie Mac Pool Group SD1391 30 Year | Separately managed account | 3.500% | 7/1/52 | 102705 |
|  | Fannie Mae Pool MA4655 30 Year | Separately managed account | 4.000% | 7/1/52 | 102160 |
|  | Fannie Mae Pool BV5398 30 Year | Separately managed account | 3.500% | 4/1/52 | 102135 |
|  | Freddie Mac Group 841408 Hybrid ARM | Separately managed account | 2.302% | 5/1/52 | 102026 |
|  | Freddie Mac Gold Group T69914 30 Year | Separately managed account | 3.500% | 2/1/48 | 101740 |
|  | Freddie Mac Pool Group QE4621 30 Year | Separately managed account | 3.500% | 6/1/52 | 98164 |
|  | Fannie Mae Pool FM3473 30 Year | Separately managed account | 2.500% | 6/1/50 | 94584 |
|  | Fannie Mae Pool MA4475 20 Year | Separately managed account | 2.500% | 11/1/41 | 93244 |
|  | Freddie Mac Pool Group QF3364 30 Year | Separately managed account | 4.000% | 11/1/52 | 91841 |
|  | Freddie Mac Pool Group SL0370 30 Year | Separately managed account | 4.500% | 12/1/52 | 175743 |
|  | Freddie Mac Pool Group SD1355 30 Year | Separately managed account | 3.500% | 7/1/52 | 834133 |
|  | Fannie Mae Pool CA6949 30 Year | Separately managed account | 2.500% | 9/1/50 | 414814 |
|  | Fannie Mae Pool CA6942 30 Year | Separately managed account | 2.000% | 9/1/50 | 257992 |
|  | Fannie Mae Pool CA6954 30 Year | Separately managed account | 2.000% | 9/1/50 | 277936 |
|  | Fannie Mae Pool CA8440 30 Year | Separately managed account | 2.000% | 1/1/51 | 276045 |
|  | Fannie Mae Pool CA8847 30 Year | Separately managed account | 2.000% | 2/1/51 | 393276 |
|  | Freddie Mac Group 841337 Hybrid ARM | Separately managed account | 1.852% | 8/1/51 | 106889 |
|  | Fannie Mae Pool CB2537 30 Year | Separately managed account | 2.500% | 1/1/52 | 581026 |
|  | Fannie Mae Pool CB2623 30 Year | Separately managed account | 2.500% | 1/1/52 | 566429 |
|  | Fannie Mae Pool FS0363 30 Year | Separately managed account | 2.500% | 1/1/52 | 550890 |
|  | Fannie Mae Pool CB2628 30 Year | Separately managed account | 2.500% | 1/1/52 | 245608 |
|  | Fannie Mae Pool CB2604 30 Year | Separately managed account | 2.000% | 1/1/52 | 442203 |
|  | Fannie Mae Pool CB2606 30 Year | Separately managed account | 2.000% | 1/1/52 | 422139 |
|  | Freddie Mac Pool Group SD8202 30 Year | Separately managed account | 3.500% | 3/1/52 | 575141 |
|  | Fannie Mae Pool FS1554 30 Year | Separately managed account | 3.500% | 4/1/52 | 131137 |
|  | Freddie Mac Pool Group SD8207 30 Year | Separately managed account | 3.500% | 4/1/52 | 437172 |
|  | Freddie Mac Group 841401 Hybrid ARM | Separately managed account | 1.966% | 4/1/52 | 564590 |
|  | Freddie Mac Pool Group SD8214 30 Year | Separately managed account | 3.500% | 5/1/52 | 282136 |
|  | Freddie Mac Pool Group SD8213 30 Year | Separately managed account | 3.000% | 5/1/52 | 5455309 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Freddie Mac Pool Group SD8222 30 Year | Separately managed account | 4.000% | 6/1/52 | 266616 |
|  | Freddie Mac Pool Group SD1259 30 Year | Separately managed account | 3.500% | 6/1/52 | 1110430 |
|  | Fannie Mae Pool BV9913 30 Year | Separately managed account | 3.500% | 6/1/52 | 95640 |
|  | Freddie Mac Pool Group QE3344 30 Year | Separately managed account | 3.500% | 6/1/52 | 216516 |
|  | Freddie Mac Pool Group SD8221 30 Year | Separately managed account | 3.500% | 6/1/52 | 96854 |
|  | Freddie Mac Pool Group SD8226 30 Year | Separately managed account | 3.500% | 7/1/52 | 2182354 |
|  | Freddie Mac Pool Group SD8238 30 Year | Separately managed account | 4.500% | 8/1/52 | 2621716 |
|  | Freddie Mac Pool Group SD8236 30 Year | Separately managed account | 3.500% | 8/1/52 | 152652 |
|  | Freddie Mac Pool Group SD8245 30 Year | Separately managed account | 4.500% | 9/1/52 | 715808 |
|  | Freddie Mac Pool Group SD8244 30 Year | Separately managed account | 4.000% | 9/1/52 | 1429099 |
|  | Freddie Mac Pool Group SD8243 30 Year | Separately managed account | 3.500% | 9/1/52 | 3092261 |
|  | Fannie Mae Pool FA0657 30 Year | Separately managed account | 4.500% | 1/1/53 | 1870522 |
|  | Freddie Mac Pool Group SD8306 30 Year | Separately managed account | 4.500% | 3/1/53 | 254315 |
|  | Freddie Mac Group 841556 Hybrid ARM | Separately managed account | 4.524% | 4/1/53 | 147058 |
|  | Freddie Mac Pool Group SL1546 30 Year | Separately managed account | 4.500% | 5/1/53 | 153401 |
|  | Freddie Mac Pool Group SD6653 30 Year | Separately managed account | 3.500% | 8/1/53 | 368017 |
|  | Freddie Mac Pool Group SD8275 30 Year | Separately managed account | 4.500% | 12/1/52 | 590968 |
|  | Freddie Mac Pool Group RA2678 30 Year | Separately managed account | 2.000% | 6/1/50 | 965223 |
|  | Ginnie Mae Series 2022-H12 FA | Separately managed account | 4.868% | 6/20/72 | 87781 |
|  | Ginnie Mae Series 2022-H23 FA | Separately managed account | 5.018% | 10/20/72 | 882539 |
|  | Fannie Mae Trust 2024-105 FC | Separately managed account | 4.874% | 1/25/55 | 816672 |
|  | Ginnie Mae Series 2022-H11 F | Separately managed account | 4.818% | 5/20/72 | 699023 |
|  | Fannie Mae Trust 2025-70 AF | Separately managed account | 4.874% | 9/25/55 | 637708 |
|  | Ginnie Mae Series 2022-H04 HF | Separately managed account | 4.738% | 2/20/72 | 591280 |
|  | Ginnie Mae Series 2023-H08 FD | Separately managed account | 5.018% | 3/20/73 | 579440 |
|  | Freddie Mac Series 5587 FP | Separately managed account | 4.774% | 10/25/55 | 500966 |
|  | Ginnie Mae Series 2022-H02 FC | Separately managed account | 4.718% | 1/20/72 | 443359 |
|  | Ginnie Mae Series 2022-H10 F A | Separately managed account | 4.868% | 5/20/72 | 392769 |
|  | Ginnie Mae Series 2022-H08 FL | Separately managed account | 4.899% | 12/20/71 | 368082 |
|  | Ginnie Mae Series 2022-H07 BF | Separately managed account | 4.418% | 2/20/68 | 321352 |
|  | Ginnie Mae Series 2022-H06 FA | Separately managed account | 4.218% | 2/20/68 | 299489 |
|  | Fannie Mae Trust 2025-89 FP | Separately managed account | 4.774% | 10/25/55 | 285036 |
|  | Ginnie Mae Series 2023-H23 FH | Separately managed account | 5.268% | 9/20/73 | 279108 |
|  | Ginnie Mae Series 2023-H23 DF | Separately managed account | 6.018% | 9/20/73 | 270227 |
|  | Ginnie Mae Series 2022-H09 FC | Separately managed account | 4.658% | 4/20/72 | 249614 |
|  | Ginnie Mae Series 2023-H08 EF | Separately managed account | 5.218% | 7/20/71 | 231995 |
|  | Ginnie Mae Series 2022-H07 FB | Separately managed account | 4.418% | 1/20/68 | 229782 |
|  | Ginnie Mae Series 2019-H17 FB | Separately managed account | 4.764% | 11/20/69 | 224502 |
|  | Ginnie Mae Series 2020-H06 FA | Separately managed account | 4.664% | 3/20/70 | 223382 |
|  | Ginnie Mae Series 2023-H13 FJ | Separately managed account | 5.338% | 2/20/73 | 213164 |
|  | Ginnie Mae Series 2022-H08 FE | Separately managed account | 4.849% | 3/20/72 | 204567 |
|  | Ginnie Mae Series 2017-H22 FA | Separately managed account | 4.514% | 11/20/67 | 182772 |
|  | Fannie Mae Trust 2025-85 FH | Separately managed account | 4.774% | 10/25/55 | 178435 |
|  | Ginnie Mae Series 2022-H01 FA | Separately managed account | 4.268% | 1/20/72 | 177556 |
|  | Ginnie Mae Series 2017-H20 BF | Separately managed account | 4.712% | 10/20/67 | 168735 |
|  | Ginnie Mae Series 2022-H06 FC | Separately managed account | 4.328% | 8/20/68 | 166457 |
|  | Fannie Mae Trust 2014-68 M Z | Separately managed account | 3.000% | 11/25/44 | 158098 |
|  | Ginnie Mae Series 2022-H11 EF | Separately managed account | 4.888% | 5/20/72 | 154509 |
|  | Fannie Mae Trust 2025-81 FE | Separately managed account | 4.874% | 10/25/55 | 151124 |
|  | Ginnie Mae Series 2023-H08 FE | Separately managed account | 4.938% | 8/20/71 | 147944 |
|  | Ginnie Mae Series 2021-H12 EF | Separately managed account | 5.368% | 8/20/71 | 147074 |
|  | Ginnie Mae Series 2018-H02 HF | Separately managed account | 4.938% | 1/20/68 | 140066 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Ginnie Mae Series 2022-H20 FB | Separately managed account | 4.918% | 8/20/71 | 135130 |
|  | Ginnie Mae Series 2021-H19 FM | Separately managed account | 4.738% | 12/20/71 | 130852 |
|  | Freddie Mac Series 4385 EZ | Separately managed account | 3.000% | 9/15/44 | 125076 |
|  | Freddie Mac Series 4434 LZ | Separately managed account | 3.000% | 2/15/45 | 124843 |
|  | Fannie Mae Trust 2014-61 ZV | Separately managed account | 3.000% | 10/25/44 | 123985 |
|  | Ginnie Mae Series 2018-H03 FD | Separately managed account | 4.978% | 2/20/68 | 122525 |
|  | Fannie Mae Trust 2012-134 ZA | Separately managed account | 3.000% | 12/25/42 | 117390 |
|  | Fannie Mae Trust 2025-89 FB | Separately managed account | 4.774% | 10/25/55 | 114807 |
|  | Ginnie Mae Series 2021-H17 FA | Separately managed account | 4.618% | 11/20/71 | 112756 |
|  | Ginnie Mae Series 2023-H08 FG | Separately managed account | 5.548% | 2/20/73 | 107517 |
|  | Ginnie Mae Series 2019-H17 FA | Separately managed account | 4.794% | 11/20/69 | 104046 |
|  | Ginnie Mae Series 2017-H13 FQ | Separately managed account | 4.677% | 6/20/67 | 102889 |
|  | Freddie Mac Series K096 X1 10 Year | Separately managed account | 1.111% | 7/25/29 | 98938 |
|  | Freddie Mac Series K098 X1 10 Year | Separately managed account | 1.135% | 8/25/29 | 61754 |
|  | Freddie Mac Series K102 X1 10 Year | Separately managed account | 0.816% | 10/25/29 | 58616 |
|  | Freddie Mac Series K099 X1 10 Year | Separately managed account | 0.874% | 9/25/29 | 51524 |
|  | Freddie Mac Series K092 X1 10 Year | Separately managed account | 0.707% | 4/25/29 | 49264 |
|  | Freddie Mac Series K094 X1 10 Year | Separately managed account | 0.872% | 6/25/29 | 34175 |
|  | Freddie Mac Series K097 X1 10 Year | Separately managed account | 1.082% | 7/25/29 | 30428 |
|  | Freddie Mac Series K-1511 X1 15 Year | Separately managed account | 0.773% | 3/25/34 | 29065 |
|  | Freddie Mac Series K089 X1 10 Year | Separately managed account | 0.538% | 1/25/29 | 27459 |
|  | Freddie Mac Series K095 X1 10 Year | Separately managed account | 0.938% | 6/25/29 | 26642 |
|  | Freddie Mac Series K093 X1 10 Year | Separately managed account | 0.937% | 5/25/29 | 21629 |
|  | Freddie Mac Series K101 X1 10 Year | Separately managed account | 0.827% | 10/25/29 | 20659 |
|  | Freddie Mac Series K154 X1 15 Year | Separately managed account | 0.286% | 11/25/32 | 18988 |
|  | Freddie Mac Series K091 X1 10 Year | Separately managed account | 0.558% | 3/25/29 | 17977 |
|  | Freddie Mac Series K152 X1 15 Year | Separately managed account | 0.949% | 1/25/31 | 15059 |
|  | Freddie Mac Series K065 X1 10 Year | Separately managed account | 0.649% | 4/25/27 | 14944 |
|  | Freddie Mac Series K067 X1 10 Year | Separately managed account | 0.561% | 7/25/27 | 11884 |
|  | Freddie Mac Series K066 X1 10 Year | Separately managed account | 0.726% | 6/25/27 | 11600 |
|  | Freddie Mac Series K064 X1 10 Year | Separately managed account | 0.585% | 3/25/27 | 10265 |
|  | Freddie Mac Series K071 X1 10 Year | Separately managed account | 0.276% | 11/25/27 | 7449 |
|  | Freddie Mac Series K070 X1 10 Year | Separately managed account | 0.316% | 11/25/27 | 3826 |
|  | Freddie Mac Series K062 X1 10 Year | Separately managed account | 0.270% | 12/25/26 | 3570 |
|  | Freddie Mac Series K069 X1 10 Year | Separately managed account | 0.340% | 9/25/27 | 2792 |
|  | Freddie Mac Series K055 X1 10 Year | Separately managed account | 1.335% | 3/25/26 | 1659 |
|  | Freddie Mac Series K056 X1 10 Year | Separately managed account | 1.208% | 5/25/26 | 733 |
|  | Honda Auto Receivables Owner Trust Series | Separately managed account | 3.980% | 6/17/30 | 310 |
|  | Nelnet Student Loan Trust Series 2025-1A | Separately managed account | 5.130% | 11/27/90 | 4981004 |
|  | ECMC Group Student Loan Trust Series | Separately managed account | 4.824% | 4/25/74 | 2631179 |
|  | ECMC Group Student Loan Trust Series | Separately managed account | 4.924% | 11/25/74 | 1308445 |
|  | Honda Auto Receivables Owner Trust Series | Separately managed account | 4.570% | 9/21/29 | 1271420 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 5.240% | 3/15/56 | 1270507 |
|  | Ford Credit Auto Owner Trust Series 2025-A | Separately managed account | 4.450% | 10/15/29 | 847954 |
|  | Navient Student Loan Trust Series 2017-3A | Separately managed account | 5.039% | 7/26/66 | 763987 |
|  | ECMC Group Student Loan Trust Series | Separately managed account | 5.024% | 11/27/73 | 743534 |
|  | Honda Auto Receivables Owner Trust Series | Separately managed account | 4.040% | 2/21/30 | 726560 |
|  | Ford Credit Auto Owner Trust Series 2024-B | Separately managed account | 5.100% | 4/15/29 | 694714 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 4.110% | 3/15/30 | 654758 |
|  | Navient Student Loan Trust Series 2017-5A | Separately managed account | 4.789% | 7/26/66 | 635519 |
|  | Navient Student Loan Trust Series 2016-5A | Separately managed account | 5.239% | 6/25/65 | 631523 |
|  | Hyundai Auto Receivables Trust Series | Separately managed account | 4.320% | 10/15/29 | 609393 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Navient Student Loan Trust Series 2017-1A | Separately managed account | 5.139% | 7/26/66 | 605595 |
|  | Navient Student Loan Trust Series 2016-7A | Separately managed account | 5.139% | 3/25/66 | 587643 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 4.880% | 3/15/29 | 553215 |
|  | BMW Vehicle Owner Trust Series 2025-A A | Separately managed account | 4.560% | 9/25/29 | 511397 |
|  | SLM Student Loan Trust Series 2003-12 A6 | Separately managed account | 5.064% | 12/15/68 | 505409 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 4.640% | 8/15/29 | 501017 |
|  | Navient Student Loan Trust Series 2016-6A | Separately managed account | 5.289% | 3/25/66 | 491192 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 4.990% | 10/16/56 | 476900 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 6.150% | 9/15/53 | 469887 |
|  | Navient Student Loan Trust Series 2019-1A | Separately managed account | 4.889% | 12/27/67 | 465691 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 5.370% | 10/15/58 | 423699 |
|  | Navient Student Loan Trust Series 2017-2A | Separately managed account | 5.039% | 12/27/66 | 421501 |
|  | Honda Auto Receivables Owner Trust Series | Separately managed account | 4.150% | 10/15/29 | 418356 |
|  | Volkswagen Auto Loan Enhanced Trust | Separately managed account | 4.630% | 7/20/29 | 393105 |
|  | Navient Student Loan Trust Series 2016-1A | Separately managed account | 4.689% | 2/25/70 | 380178 |
|  | Rio Oil Finance Trust | Separately managed account | 8.200% | 4/6/28 | 379047 |
|  | Navient Student Loan Trust Series 2019-2A | Separately managed account | 4.989% | 2/27/68 | 367393 |
|  | Navient Student Loan Trust Series 2018-4A | Separately managed account | 4.669% | 6/27/67 | 366611 |
|  | Navient Student Loan Trust Series 2017-4A | Separately managed account | 4.989% | 9/27/66 | 366509 |
|  | Navient Student Loan Trust Series 2018-3A | Separately managed account | 4.789% | 3/25/67 | 365676 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 5.090% | 10/16/56 | 339240 |
|  | Honda Auto Receivables Owner Trust Series | Separately managed account | 4.330% | 5/15/29 | 325761 |
|  | Hyundai Auto Receivables Trust Series | Separately managed account | 4.360% | 12/17/29 | 317349 |
|  | Navient Student Loan Trust Series 2018-1A | Separately managed account | 4.709% | 3/25/67 | 303445 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 5.020% | 3/17/53 | 299790 |
|  | Ford Credit Auto Owner Trust Series 2024-D | Separately managed account | 4.610% | 8/15/29 | 268671 |
|  | Nelnet Student Loan Trust Series 2017-3A A | Separately managed account | 4.839% | 2/25/66 | 243132 |
|  | SLM Student Loan Trust Series 2012-5 A3 | Separately managed account | 4.789% | 1/25/75 | 240229 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 4.400% | 6/15/29 | 233666 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 5.060% | 3/16/54 | 216916 |
|  | Navient Student Loan Trust Series 2020-2A | Separately managed account | 4.889% | 8/26/69 | 213169 |
|  | GM Financial Consumer Automobile | Separately managed account | 4.400% | 8/16/29 | 210169 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 3.840% | 6/17/30 | 196820 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 4.830% | 11/15/29 | 190487 |
|  | Navient Student Loan Trust Series 2021-2A | Separately managed account | 4.539% | 2/25/70 | 183628 |
|  | Volkswagen Auto Loan Enhanced Trust | Separately managed account | 4.610% | 7/21/31 | 167977 |
|  | Volkswagen Auto Loan Enhanced Trust | Separately managed account | 4.500% | 8/20/29 | 167785 |
|  | BMW Vehicle Owner Trust Series 2025-A A | Separately managed account | 4.660% | 12/27/32 | 161882 |
|  | Navient Student Loan Trust Series 2019-3A | Separately managed account | 4.819% | 7/25/68 | 157922 |
|  | GM Financial Consumer Automobile | Separately managed account | 4.180% | 8/16/30 | 143661 |
|  | Nelnet Student Loan Trust Series 2020-5A A | Separately managed account | 4.726% | 10/25/68 | 141340 |
|  | Hyundai Auto Receivables Trust Series | Separately managed account | 3.890% | 1/15/32 | 140572 |
|  | Navient Student Loan Trust Series 2021-1A | Separately managed account | 4.589% | 12/26/69 | 140146 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 4.760% | 5/15/30 | 129793 |
|  | Honda Auto Receivables Owner Trust Series | Separately managed account | 4.100% | 11/21/31 | 127743 |
|  | Navient Student Loan Trust Series 2019-4A | Separately managed account | 4.799% | 7/25/68 | 125787 |
|  | Honda Auto Receivables Owner Trust Series | Separately managed account | 4.570% | 3/21/29 | 122734 |
|  | Navient Student Loan Trust Series | Separately managed account | 4.639% | 6/26/56 | 121064 |
|  | Ford Credit Auto Owner Trust Series 2025-B | Separately managed account | 3.950% | 7/15/31 | 120470 |
|  | Toyota Auto Receivables Owner Trust Series | Separately managed account | 3.940% | 2/17/31 | 120403 |
|  | SMB Private Education Loan Trust (Private) | Separately managed account | 5.500% | 6/17/52 | 120229 |
|  | Navient Student Loan Trust Series 2020-1A | Separately managed account | 5.039% | 6/25/69 | 119020 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | SLM Student Loan Trust Series 2007-6 A5 | Separately managed account | 5.065% | 4/27/43 | 117238 |
|  | GM Financial Consumer Automobile | Separately managed account | 4.280% | 4/16/30 | 116497 |
|  | *Total Securitized* |  |  |  | 201741452 |
|  | *Corporate* |  |  |  |  |
|  | Prosus NV | Separately managed account | 3.061% | 7/13/31 | 1833897 |
|  | Charter Communications Inc | Separately managed account | 6.484% | 10/23/45 | 1381000 |
|  | Imperial Brands PLC | Separately managed account | 5.500% | 2/1/30 | 1270581 |
|  | TC Energy Corp | Separately managed account | 5.300% | 3/15/77 | 1228788 |
|  | Charter Communications Inc | Separately managed account | 4.500% | 6/1/33 | 1129655 |
|  | British American Tobacco P LC | Separately managed account | 4.742% | 3/16/32 | 1017842 |
|  | TC Energy Corp | Separately managed account | 5.875% | 8/15/76 | 967130 |
|  | Vodafone Group PLC | Separately managed account | 7.000% | 4/4/79 | 936319 |
|  | T-Mobile U.S. Inc | Separately managed account | 3.875% | 4/15/30 | 897358 |
|  | Prosus NV | Separately managed account | 4.987% | 1/19/52 | 896019 |
|  | Imperial Brands PLC | Separately managed account | 3.875% | 7/26/29 | 892311 |
|  | Ford Motor Credit Co. LLC | Separately managed account | 2.700% | 8/10/26 | 830726 |
|  | Cemex SAB de CV | Separately managed account | 5.200% | 9/17/30 | 807701 |
|  | TC Energy Corp | Separately managed account | 5.500% | 9/15/79 | 761549 |
|  | Bayer AG | Separately managed account | 6.375% | 11/21/30 | 747965 |
|  | Prosus NV | Separately managed account | 3.680% | 1/21/30 | 737166 |
|  | T-Mobile U.S. Inc | Separately managed account | 3.375% | 4/15/29 | 731401 |
|  | Prosus NV | Separately managed account | 4.850% | 7/6/27 | 715695 |
|  | AT&T Inc | Separately managed account | 2.750% | 6/1/31 | 704323 |
|  | Ford Motor Credit C o. LLC | Separately managed account | 6.800% | 5/12/28 | 694803 |
|  | CVS Health Corp | Separately managed account | 7.000% | 3/10/55 | 674498 |
|  | Bayer AG | Separately managed account | 6.500% | 11/21/33 | 653890 |
|  | Mars Inc | Separately managed account | 4.800% | 3/1/30 | 648727 |
|  | Charter Communications Inc | Separately managed account | 5.750% | 4/1/48 | 641847 |
|  | Charter Communications Inc | Separately managed account | 4.500% | 5/1/32 | 624476 |
|  | Cox Enterprises Inc | Separately managed account | 3.350% | 9/15/26 | 582657 |
|  | GE HealthCare Technologies Inc | Separately managed account | 5.905% | 11/22/32 | 574302 |
|  | Ford Motor Credit Co. LLC | Separately managed account | 2.900% | 2/10/29 | 570664 |
|  | Ultrapar Participacoes SA | Separately managed account | 5.250% | 10/6/26 | 551154 |
|  | CVS Health Corp | Separately managed account | 5.125% | 2/21/30 | 502018 |
|  | Bayer AG | Separately managed account | 6.250% | 1/21/29 | 485540 |
|  | Ford Motor Credit C o. LLC | Separately managed account | 7.350% | 11/4/27 | 480168 |
|  | Mars Inc | Separately managed account | 4.600% | 3/1/28 | 478501 |
|  | Elanco Animal Health Inc | Separately managed account | 6.650% | 8/28/28 | 475152 |
|  | Prosus NV | Separately managed account | 4.193% | 1/19/32 | 463558 |
|  | Charter Communications Inc | Separately managed account | 4.250% | 1/15/34 | 452333 |
|  | Synopsys Inc | Separately managed account | 4.850% | 4/1/30 | 449563 |
|  | T-Mobile U.S. Inc | Separately managed account | 3.500% | 4/15/31 | 448004 |
|  | Charter Communications Inc | Separately managed account | 6.750% | 6/15/39 | 441290 |
|  | Synopsys Inc | Separately managed account | 5.000% | 4/1/32 | 439285 |
|  | CVS Health Corp | Separately managed account | 4.300% | 3/25/28 | 436355 |
|  | Fibercop SpA | Separately managed account | 7.721% | 6/4/38 | 423019 |
|  | T-Mobile U.S. Inc | Separately managed account | 2.250% | 2/15/26 | 392423 |
|  | HCA Healthcare Inc | Separately managed account | 4.125% | 6/15/29 | 379408 |
|  | The Cigna Group | Separately managed account | 4.375% | 10/15/28 | 356414 |
|  | Verizon Communications Inc | Separately managed account | 2.550% | 3/21/31 | 345104 |
|  | Oracle Corp | Separately managed account | 2.950% | 4/1/30 | 339649 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Cemex SAB de CV | Separately managed account | 3.875% | 7/11/31 | 336670 |
|  | CVS Health Cor p | Separately managed account | 3.750% | 4/1/30 | 335183 |
|  | Imperial Brands PLC | Separately managed account | 6.125% | 7/27/27 | 332488 |
|  | Ford Motor Credit Co. LLC | Separately managed account | 5.125% | 11/5/26 | 329357 |
|  | The Cigna Group | Separately managed account | 2.400% | 3/15/30 | 317953 |
|  | Kinder Morgan Inc | Separately managed account | 6.950% | 1/15/38 | 317707 |
|  | VMware Inc | Separately managed account | 1.400% | 8/15/26 | 312012 |
|  | Ford Motor Credit Co. LLC | Separately managed account | 5.730% | 9/5/30 | 310158 |
|  | Oracle Corp | Separately managed account | 4.800% | 8/3/28 | 302290 |
|  | Philip Morris International Inc | Separately managed account | 5.375% | 2/15/33 | 298478 |
|  | CVS Health Corp | Separately managed account | 5.400% | 6/1/29 | 296456 |
|  | British American Tobacco PLC | Separately managed account | 6.421% | 8/2/33 | 288153 |
|  | Kinder Morgan In c | Separately managed account | 6.500% | 9/1/39 | 280527 |
|  | Cemex SAB de CV | Separately managed account | 5.450% | 11/19/29 | 280215 |
|  | Japan Tobacco Inc | Separately managed account | 5.250% | 6/15/30 | 270368 |
|  | Charter Communications Inc | Separately managed account | 5.375% | 5/1/47 | 262301 |
|  | GE HealthCare Technologies Inc | Separately managed account | 4.800% | 8/14/29 | 260105 |
|  | Meta Platforms Inc | Separately managed account | 4.600% | 11/15/32 | 253863 |
|  | Kinder Morgan Inc | Separately managed account | 5.000% | 8/15/42 | 252509 |
|  | Meta Platforms Inc | Separately managed account | 4.875% | 11/15/35 | 251629 |
|  | Imperial Brands PLC | Separately managed account | 5.875% | 7/1/34 | 247249 |
|  | Cox Enterprises Inc | Separately managed account | 5.450% | 9/15/28 | 245539 |
|  | RTX Corp | Separately managed account | 6.100% | 3/15/34 | 244652 |
|  | British American Tobacco PLC | Separately managed account | 2.726% | 3/25/31 | 236959 |
|  | Ford Motor Credit Co. LLC | Separately managed account | 6.532% | 3/19/32 | 234138 |
|  | Ford Motor Credit Co. LLC | Separately managed account | 4.950% | 5/28/27 | 226838 |
|  | HCA Healthcare Inc | Separately managed account | 5.250% | 3/1/30 | 220464 |
|  | RTX Corp | Separately managed account | 6.000% | 3/15/31 | 218964 |
|  | British American Tobacco PLC | Separately managed account | 2.259% | 3/25/28 | 217866 |
|  | Kinder Morgan Inc | Separately managed account | 6.500% | 2/1/37 | 201033 |
|  | Macy's Inc | Separately managed account | 6.700% | 7/15/34 | 194255 |
|  | AT&T Inc | Separately managed account | 2.550% | 12/1/33 | 192509 |
|  | Burlington Northern Santa Fe LLC | Separately managed account | 3.442% | 6/16/28 | 189795 |
|  | Japan Tobacco Inc | Separately managed account | 4.850% | 5/15/28 | 189441 |
|  | Philip Morris International Inc | Separately managed account | 4.875% | 2/13/29 | 187612 |
|  | Japan Tobacco Inc | Separately managed account | 5.850% | 6/15/35 | 187036 |
|  | Comcast Corp | Separately managed account | 2.650% | 2/1/30 | 176646 |
|  | Cox Enterprises Inc | Separately managed account | 1.800% | 10/1/30 | 167134 |
|  | British American Tobacco PLC | Separately managed account | 7.750% | 10/19/32 | 165695 |
|  | Charter Communications Inc | Separately managed account | 6.550% | 5/1/37 | 165020 |
|  | Philip Morris International Inc | Separately managed account | 5.500% | 9/7/30 | 160334 |
|  | Comcast Corp | Separately managed account | 4.950% | 5/15/32 | 154592 |
|  | Mars Inc | Separately managed account | 4.450% | 3/1/27 | 153307 |
|  | TC Energy Corp | Separately managed account | 5.600% | 3/7/82 | 150811 |
|  | Philip Morris International Inc | Separately managed account | 5.625% | 11/17/29 | 148141 |
|  | CVS Health Corp | Separately managed account | 5.550% | 6/1/31 | 147167 |
|  | Cox Enterprises Inc | Separately managed account | 3.500% | 8/15/27 | 145256 |
|  | HCA Healthcare Inc | Separately managed account | 3.125% | 3/15/27 | 144816 |
|  | British American Tobacco P LC | Separately managed account | 6.343% | 8/2/30 | 144017 |
|  | Dell Technologies In c | Separately managed account | 6.100% | 7/15/27 | 142486 |
|  | Cox Enterprises Inc | Separately managed account | 5.700% | 6/15/33 | 141560 |
|  | Charter Communications Inc | Separately managed account | 4.250% | 2/1/31 | 140484 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Charter Communications Inc | Separately managed account | 4.400% | 4/1/33 | 138195 |
|  | Philip Morris International Inc | Separately managed account | 5.125% | 2/13/31 | 131981 |
|  | Philip Morris International Inc | Separately managed account | 5.750% | 11/17/32 | 129091 |
|  | Synopsys Inc | Separately managed account | 4.650% | 4/1/28 | 123012 |
|  | Philip Morris International Inc | Separately managed account | 5.125% | 2/15/30 | 121099 |
|  | The Cigna Group | Separately managed account | 5.000% | 5/15/29 | 113676 |
|  | Comcast Corp | Separately managed account | 3.400% | 4/1/30 | 112509 |
|  | Dillard's Inc | Separately managed account | 7.000% | 12/1/28 | 105641 |
|  | The Cigna Group | Separately managed account | 7.875% | 5/15/27 | 100484 |
|  | T-Mobile U.S. Inc | Separately managed account | 5.200% | 1/15/33 | 100332 |
|  | Kinder Morgan Inc | Separately managed account | 5.150% | 6/1/30 | 98637 |
|  | HCA Healthcare Inc | Separately managed account | 5.000% | 3/1/28 | 93178 |
|  | Kinder Morgan Inc | Separately managed account | 4.800% | 2/1/33 | 92006 |
|  | CVS Health Corp | Separately managed account | 6.750% | 12/10/54 | 83865 |
|  | Oracle Corp | Separately managed account | 4.200% | 9/27/29 | 79282 |
|  | Dillard's Inc | Separately managed account | 7.750% | 7/15/26 | 78654 |
|  | Charter Communications Inc | Separately managed account | 4.800% | 3/1/50 | 76720 |
|  | Nordstrom Inc | Separately managed account | 6.950% | 3/15/28 | 73648 |
|  | CVS Health Corp | Separately managed account | 4.125% | 4/1/40 | 73515 |
|  | CVS Health Corp | Separately managed account | 1.875% | 2/28/31 | 70704 |
|  | T-Mobile U.S. Inc | Separately managed account | 2.550% | 2/15/31 | 60009 |
|  | CVS Health Corp | Separately managed account | 2.125% | 9/15/31 | 48660 |
|  | Dillard's Inc | Separately managed account | 7.750% | 5/15/27 | 46977 |
|  | T-Mobile U.S. Inc | Separately managed account | 4.750% | 2/1/28 | 45908 |
|  | Verizon Communications Inc | Separately managed account | 1.750% | 1/20/31 | 44403 |
|  | CVS Health Corp | Separately managed account | 3.250% | 8/15/29 | 43992 |
|  | HCA Healthcare Inc | Separately managed account | 5.250% | 6/15/26 | 40124 |
|  | CVS Health Corp | Separately managed account | 5.250% | 1/30/31 | 36938 |
|  | AT&T Inc | Separately managed account | 4.300% | 2/15/30 | 25438 |
|  | Dominion Energy Inc | Separately managed account | 3.375% | 4/1/30 | 1158197 |
|  | The Southern Co | Separately managed account | 4.000% | 1/15/51 | 1150165 |
|  | NextEra Energy Inc | Separately managed account | 4.685% | 9/1/27 | 1130250 |
|  | The Southern Co | Separately managed account | 5.113% | 8/1/27 | 777969 |
|  | NextEra Energy Inc | Separately managed account | 5.050% | 3/15/30 | 774414 |
|  | NextEra Energy Inc | Separately managed account | 4.900% | 3/15/29 | 732688 |
|  | NextEra Energy Inc | Separately managed account | 4.850% | 2/4/28 | 586540 |
|  | The Southern Co | Separately managed account | 3.750% | 9/15/51 | 518379 |
|  | NextEra Energy Inc | Separately managed account | 4.625% | 7/15/27 | 505705 |
|  | Enel SPA | Separately managed account | 6.000% | 10/7/39 | 457882 |
|  | Dominion Energy Inc | Separately managed account | 5.000% | 6/15/30 | 453049 |
|  | The Southern Co | Separately managed account | 4.850% | 6/15/28 | 346880 |
|  | Enel SPA | Separately managed account | 6.800% | 9/15/37 | 319947 |
|  | Dominion Energy Inc | Separately managed account | 1.450% | 4/15/26 | 109517 |
|  | Dominion Energy Inc | Separately managed account | 4.600% | 5/15/28 | 101755 |
|  | Citigroup Inc | Separately managed account | 7.257% | 10/30/40 | 1822414 |
|  | Bank of America Corp | Separately managed account | 3.846% | 3/8/37 | 1440249 |
|  | UniCredit SPA | Separately managed account | 7.296% | 4/2/34 | 1433707 |
|  | JPMorgan Chase & Co | Separately managed account | 4.493% | 3/24/31 | 1327038 |
|  | UBS Group AG | Separately managed account | 5.959% | 1/12/34 | 1274131 |
|  | Barclays PLC | Separately managed account | 6.490% | 9/13/29 | 1253861 |
|  | Boston Properties Inc | Separately managed account | 3.250% | 1/30/31 | 1246469 |
|  | The Goldman Sachs Group Inc | Separately managed account | 3.615% | 3/15/28 | 1236263 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | BNP Paribas SA | Separately managed account | 4.625% | 3/13/27 | 1068497 |
|  | UniCredit SPA | Separately managed account | 5.459% | 6/30/35 | 983785 |
|  | JPMorgan Chase & C o | Separately managed account | 2.956% | 5/13/31 | 937832 |
|  | HSBC Holdings PLC | Separately managed account | 6.500% | 5/2/36 | 893225 |
|  | NatWest Group PL C | Separately managed account | 1.642% | 6/14/27 | 885941 |
|  | HSBC Holdings PLC | Separately managed account | 6.500% | 9/15/37 | 753376 |
|  | BNP Paribas SA | Separately managed account | 5.786% | 1/13/33 | 737564 |
|  | Bank of America Corp | Separately managed account | 3.419% | 12/20/28 | 736408 |
|  | BNP Paribas SA | Separately managed account | 5.906% | 11/19/35 | 731641 |
|  | HSBC Holdings PLC | Separately managed account | 4.762% | 3/29/33 | 719552 |
|  | HSBC Holdings PLC | Separately managed account | 8.113% | 11/3/33 | 699166 |
|  | The Charles Schwab Corp | Separately managed account | 6.196% | 11/17/29 | 681738 |
|  | Lloyds Banking Group PLC | Separately managed account | 7.953% | 11/15/33 | 645413 |
|  | BNP Paribas SA | Separately managed account | 5.085% | 5/9/31 | 637464 |
|  | NatWest Group PLC | Separately managed account | 5.808% | 9/13/29 | 598383 |
|  | Lloyds Banking Group PLC | Separately managed account | 4.650% | 3/24/26 | 593045 |
|  | Bank of America Corp | Separately managed account | 4.250% | 10/22/26 | 581035 |
|  | BNP Paribas SA | Separately managed account | 4.375% | 5/12/26 | 578285 |
|  | Wells Fargo & Co | Separately managed account | 4.300% | 7/22/27 | 572818 |
|  | Elevance Health Inc | Separately managed account | 4.750% | 2/15/30 | 550069 |
|  | NatWest Group PLC | Separately managed account | 6.475% | 6/1/34 | 538210 |
|  | HSBC Holdings PLC | Separately managed account | 5.240% | 5/13/31 | 529004 |
|  | UBS Group AG | Separately managed account | 4.194% | 4/1/31 | 525501 |
|  | HSBC Holdings PLC | Separately managed account | 3.973% | 5/22/30 | 520878 |
|  | NatWest Group PLC | Separately managed account | 3.032% | 11/28/35 | 507217 |
|  | Wells Fargo & Co | Separately managed account | 5.198% | 1/23/30 | 489488 |
|  | Barclays PLC | Separately managed account | 5.829% | 5/9/27 | 481672 |
|  | Lloyds Banking Group PLC | Separately managed account | 5.721% | 6/5/30 | 473481 |
|  | JPMorgan Chase & Co | Separately managed account | 4.250% | 10/1/27 | 473320 |
|  | Wells Fargo & Co | Separately managed account | 4.100% | 6/3/26 | 461509 |
|  | Bank of America Corp | Separately managed account | 4.623% | 5/9/29 | 458975 |
|  | Bank of America Corp | Separately managed account | 4.979% | 1/24/29 | 452586 |
|  | Capital One Financial Corp | Separately managed account | 7.624% | 10/30/31 | 445795 |
|  | Boston Properties Inc | Separately managed account | 6.500% | 1/15/34 | 437034 |
|  | Wells Fargo & Co | Separately managed account | 5.707% | 4/22/28 | 433288 |
|  | The Goldman Sachs Group Inc | Separately managed account | 4.937% | 4/23/28 | 418506 |
|  | JPMorgan Chase & Co | Separately managed account | 4.125% | 12/15/26 | 416508 |
|  | The Goldman Sachs Group Inc | Separately managed account | 5.218% | 4/23/31 | 406654 |
|  | The Charles Schwab Corp | Separately managed account | 5.643% | 5/19/29 | 396978 |
|  | Wells Fargo & Co | Separately managed account | 4.897% | 7/25/33 | 388791 |
|  | Lloyds Banking Group PLC | Separately managed account | 4.818% | 6/13/29 | 382011 |
|  | Boston Properties Inc | Separately managed account | 4.500% | 12/1/28 | 378830 |
|  | Lloyds Banking Group PLC | Separately managed account | 3.750% | 3/18/28 | 372618 |
|  | UBS Group AG | Separately managed account | 5.580% | 5/9/36 | 366768 |
|  | UBS Group AG | Separately managed account | 5.617% | 9/13/30 | 366005 |
|  | Barclays PLC | Separately managed account | 4.836% | 5/9/28 | 365590 |
|  | Citigroup Inc | Separately managed account | 6.174% | 5/25/34 | 363174 |
|  | HSBC Holdings PLC | Separately managed account | 2.848% | 6/4/31 | 360693 |
|  | JPMorgan Chase & Co | Separately managed account | 8.750% | 9/1/30 | 349899 |
|  | Capital One Financial Corp | Separately managed account | 5.463% | 7/26/30 | 349747 |
|  | Barclays PLC | Separately managed account | 5.088% | 6/20/30 | 346314 |
|  | Capital One Financial Corp | Separately managed account | 4.927% | 5/10/28 | 341283 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** | **Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **(a)** | **(b)** | **(c)** | **(c)** | **(c)** | **(e)** |
| | **Identity of Issue, Borrower, Lessor, or Similar Party** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Description of Investment, Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **Current Value** |
|  | Boston Properties Inc | Separately managed account | 3.400% | 6/21/29 | 334366 |
|  | Wells Fargo & Co | Separately managed account | 4.900% | 1/24/28 | 329532 |
|  | Citigroup Inc | Separately managed account | 4.412% | 3/31/31 | 318460 |
|  | The Charles Schwab Corp | Separately managed account | 6.136% | 8/24/34 | 316811 |
|  | JPMorgan Chase & Co | Separately managed account | 4.505% | 10/22/28 | 315715 |
|  | Wells Fargo & Co | Separately managed account | 5.389% | 4/24/34 | 315139 |
|  | Bank of America Corp | Separately managed account | 2.496% | 2/13/31 | 291711 |
|  | JPMorgan Chase & Co | Separately managed account | 5.717% | 9/14/33 | 290030 |
|  | The Goldman Sachs Group Inc | Separately managed account | 4.153% | 10/21/29 | 277159 |
|  | Capital One Financial Corp | Separately managed account | 6.312% | 6/8/29 | 273906 |
|  | NatWest Group PLC | Separately managed account | 6.016% | 3/2/34 | 273167 |
|  | UBS Group AG | Separately managed account | 6.301% | 9/22/34 | 271503 |
|  | Barclays PLC | Separately managed account | 5.501% | 8/9/28 | 271277 |
|  | The Goldman Sachs Group Inc | Separately managed account | 5.727% | 4/25/30 | 247977 |
|  | HSBC Holdings PLC | Separately managed account | 4.950% | 3/31/30 | 238658 |
|  | Boston Properties Inc | Separately managed account | 2.900% | 3/15/30 | 227073 |
|  | JPMorgan Chase & Co | Separately managed account | 2.522% | 4/22/31 | 224727 |
|  | Elevance Health Inc | Separately managed account | 2.250% | 5/15/30 | 188804 |
|  | JPMorgan Chase & Co | Separately managed account | 4.586% | 4/26/33 | 172304 |
|  | JPMorgan Chase & Co | Separately managed account | 5.040% | 1/23/28 | 170357 |
|  | The Goldman Sachs Group Inc | Separately managed account | 4.692% | 10/23/30 | 168714 |
|  | Citigroup Inc | Separately managed account | 4.450% | 9/29/27 | 167938 |
|  | Boston Properties Inc | Separately managed account | 3.650% | 2/1/26 | 167388 |
|  | Bank of America Corp | Separately managed account | 6.204% | 11/10/28 | 162425 |
|  | Wells Fargo & Co | Separately managed account | 2.879% | 10/30/30 | 157768 |
|  | Wells Fargo & Co | Separately managed account | 2.572% | 2/11/31 | 146318 |
|  | Bank of America Corp | Separately managed account | 3.593% | 7/21/28 | 141271 |
|  | The Charles Schwab Corp | Separately managed account | 5.853% | 5/19/34 | 140143 |
|  | Capital One Financial Corp | Separately managed account | 5.700% | 2/1/30 | 138249 |
|  | Bank of America Corp | Separately managed account | 4.948% | 7/22/28 | 129502 |
|  | Wells Fargo & Co | Separately managed account | 2.393% | 6/2/28 | 127273 |
|  | Boston Properties Inc | Separately managed account | 6.750% | 12/1/27 | 105159 |
|  | Bank of America Corp | Separately managed account | 5.288% | 4/25/34 | 93532 |
|  | Bank of America Corp | Separately managed account | 5.202% | 4/25/29 | 93163 |
|  | Elevance Health Inc | Separately managed account | 4.500% | 10/30/26 | 91061 |
|  | Elevance Health Inc | Separately managed account | 5.150% | 6/15/29 | 82732 |
|  | Unum Group | Separately managed account | 7.250% | 3/15/28 | 69524 |
|  | Bank of America Corp | Separately managed account | 2.572% | 10/20/32 | 63488 |
|  | Bank of America Corp | Separately managed account | 5.015% | 7/22/33 | 62508 |
|  | Wells Fargo & Co | Separately managed account | 3.350% | 3/2/33 | 56665 |
|  | Capital One Financial Corp | Separately managed account | 3.750% | 7/28/26 | 40554 |
|  | JPMorgan Chase & Co | Separately managed account | 2.739% | 10/15/30 | 33405 |
|  | Unum Group | Separately managed account | 6.750% | 12/15/28 | 31947 |
|  | *Total Corporate* |  |  |  | 102811580 |
|  | Total Separately managed accounts |  |  |  | 392626828 |
| \* | Notes Receivable from Participants | Participant loans (4.25% to 10.00% due through January 2031) |  |  | 99023368 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Net assets available for benefits |  |  |  | $10227618561 |

---

\* Party in interest as defined by ERISA

Note: Cost is omitted because plan investments are participant directed

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Truist Financial Corporation Employee Benefit Plans Committee has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | **Truist Financial Corporation 401(k) Savings Plan** | **Truist Financial Corporation 401(k) Savings Plan** |
| Date: | June 25, 2026 | By: | /s/ Steven L. Reeder |
|  |  |  | **Steven L. Reeder<br>Executive Vice President & Benefits Manager** |

---

------

**Exhibit Index**

---

| | | |
|:---|:---|:---|
| **Exhibit No.** | **Description** | **Location** |
| 23.1 | Consent of Independent Registered Public Accounting Firm | <u>[Filed herewith.](ex231consent-2025.htm)</u> |
| 101.INS | XBRL Instance Document – the instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document. | Filed herewith. |
| 101.SCH | XBRL Taxonomy Extension Schema. | Filed herewith. |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase. | Filed herewith. |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase. | Filed herewith. |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase. | Filed herewith. |
| 101.DEF | XBRL Taxonomy Definition Linkbase. | Filed herewith. |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101). | Filed herewith. |

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## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference of our report dated June 25, 2026, relating to our audit of the Truist Financial Corporation 401(k) Savings Plan's (the "Plan") financial statements and supplemental schedule for the year ended December 31, 2025, which appears in the Plan's Annual Report on Form 11-K in the Registration Statement No. 333-206895 on Form S-8.

/s/ Carr, Riggs, & Ingram, L.L.C.

Carr, Riggs, & Ingram, L.L.C.

Atlanta, Georgia

June 25, 2026

<br>