# EDGAR Filing Document

**Accession Number:** 0000789019
**File Stem:** 0001193125-26-282773
**Filing Date:** 2026-6
**Character Count:** 250131
**Document Hash:** 00d7c8a7c939ed27578715c59f3b90f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-282773.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001193125-26-282773

**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:** MICROSOFT CORP
- **CENTRAL INDEX KEY:** 0000789019
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 911144442
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 11-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37845
- **FILM NUMBER:** 261121991

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MICROSOFT WAY
- **CITY:** REDMOND
- **STATE:** WA
- **ZIP:** 98052-6399
- **BUSINESS PHONE:** 425-882-8080

**MAIL ADDRESS:**
- **STREET 1:** ONE MICROSOFT WAY
- **CITY:** REDMOND
- **STATE:** WA
- **ZIP:** 98052-6399

?xml version='1.0' encoding='ASCII'? 11-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 11-K
☒ **ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

#### For the fiscal year ended December 31, 2025

#### OR
☐ **TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

#### For the Transition Period From to

#### Commission File Number 001-37845
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

## MICROSOFT CORPORATION SAVINGS PLUS 401(k) PLAN
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

#### Microsoft Corporation

#### One Microsoft Way

#### Redmond, Washington 98052-6399

#### REQUIRED INFORMATION
The Microsoft Corporation Savings Plus 401(k) Plan (the "Plan") is subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Therefore, in lieu of the required information outlined as Items 1-3 of the Form 11-K, the statements of net assets available for benefits as of December 31, 2025 and 2024 and the related statement of changes in net assets available for benefits for the year ended December 31, 2025, which have been prepared in accordance with the financial reporting requirements of ERISA, are attached hereto as Appendix 1 and incorporated herein by this reference.

------

#### SIGNATURES
*The Plan.* Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
|  | Microsoft Corporation Savings Plus 401(k) Plan |
| Date: June 25, 2026 | /s/ JAYNA BUNDY |
|  | Jayna Bundy |
|  | Member of 401(k) Administrative Committee |
| Date: June 25, 2026 | /s/ DANIEL GOFF |
|  | Daniel Goff |
|  | Member of 401(k) Administrative Committee |
| Date: June 25, 2026 | /s/ FRED THIELE |
|  | Fred Thiele |
|  | Member of 401(k) Administrative Committee |

---

------

### APPENDIX 1

### MICROSOFT CORPORATION

### SAVINGS PLUS 401(k) PLAN
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM;

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 AND 2024 AND FOR THE YEAR ENDED

DECEMBER 31, 2025;

NOTES TO FINANCIAL STATEMENTS; AND

SUPPLEMENTAL SCHEDULES AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2025

------

### MICROSOFT CORPORATION

### SAVINGS PLUS 401(k) PLAN

#### **TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **Page** |
|  [Report of Independent Registered Public Accounting Firm](#appatoc839790_1) | 1 |
|  Financial Statements: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Statements of Net Assets Available for Benefits as of December 31, 2025 and 2024](#appatoc839790_2) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2025](#appatoc839790_3) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Notes to Financial Statements](#appatoc839790_4) | 4 |
|  Supplemental Schedules: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Supplemental Schedule of Assets (Held at End of Year) as of December 31, 2025](#appatoc839790_5) | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Supplemental Schedule of Delinquent Participant Contributions for the Year Ended December 31, 2025](#appatoc839790_6) | 105 |
|  Exhibit: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Consent of Independent Registered Public Accounting Firm](d839790dex231.htm) |  |

---

NOTE: All 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
To the Plan Participants and Plan Administrator of the Microsoft Corporation Savings Plus 401(k) Plan

#### Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of the Microsoft Corporation Savings Plus 401(k) 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 audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. 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.

#### Report on Supplemental Schedules
The supplemental schedule of assets (held at end of year) as of December 31, 2025 and supplemental schedule of delinquent participant contributions for the year ended December 31, 2025 have been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental schedules are the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental schedules reconcile 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 schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in compliance 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, such schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Deloitte & Touche LLP

Seattle, Washington

June 25, 2026

We have served as the auditor of the Plan since 1987.

------

#### **Table of Contents**

#### STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

---

| | | |
|:---|:---|:---|
| December 31, | 2025 | 2024 |
| **ASSETS** |  |  |
| Cash | $5101743 | $3095475 |
| Investments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments, at fair value | 75633265423 | 65357821177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments, at contract value | 1898512942 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments | 77531778365 | 65357821177 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participant loans | 260395359 | 255780390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other receivables | 53076017 | 29314596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total receivables | 313471376 | 285094986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 77850351484 | 65646011638 |
| **LIABILITIES** |  |  |
| Operating payables | 10086734 | 7424002 |
| Other payables | 19780966 | 11250512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 29867700 | 18674514 |
| **NET ASSETS AVAILABLE FOR BENEFITS** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77820483784 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65627337124 |

---

Refer to accompanying notes.

------

#### **Table of Contents**

#### STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

---

| | |
|:---|:---|
| Year Ended December 31, | 2025 |
|  **ADDITIONS** |  |
|  **Net investment income:** |  |
|  Interest and dividends | $466429842 |
|  Net increase in fair value of investments | 11892078906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income | 12358508748 |
|  **Contributions:** |  |
|  Participant contributions | 3071800398 |
|  Rollover contributions | 436246841 |
|  Employer contributions | 1179291008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total contributions | 4687338247 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total additions | 17045846995 |
|  **DEDUCTIONS** |  |
|  Benefits paid to participants | 4846584058 |
|  Administrative expenses | 6116277 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deductions | **4852700335** |
|  **NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS** | 12193146660 |
|  **NET ASSETS AVAILABLE FOR BENEFITS** |  |
|  Beginning of year | 65627337124 |
|  End of year | $77820483784 |

---

Refer to accompanying notes.

------

#### **Table of Contents**

#### NOTES TO FINANCIAL STATEMENTS
NOTE 1 — DESCRIPTION OF THE PLAN AND ACCOUNTING POLICIES

#### Plan Description
The Microsoft Corporation Savings Plus 401(k) Plan (the "Plan"), a defined contribution plan, is sponsored by Microsoft Corporation (the "Company" or "Microsoft"). Participating employers included in the Plan are Microsoft Corporation; MOL Corporation; Vexcel Corporation; Microsoft Online, Inc.; Undead Labs; LinkedIn Corporation; GitHub, Inc.; inXile Entertainment, Inc. ("inXile"); Double Fine Productions ("Double Fine"); Obsidian Entertainment, Inc.; and ZeniMax Media Inc. These entities represent Microsoft or wholly owned subsidiaries of Microsoft. The Plan year is January 1 through December 31. The Plan is administered by the 401(k) Administrative Committee (the "Plan Administrator") and subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Fidelity Management Trust Company ("Fidelity") is the trustee and third-party administrator for the Plan. The information below summarizes certain aspects of the Plan as in effect during 2025, and is intended to be a summary only. Plan participants should refer to the Summary Plan Description for more complete information.

#### Accounting Principles
The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").

#### Eligibility
Regular and retail services employees of participating employers who are on U.S. payroll and have reached age 18 may enroll in the Plan at any time.

#### Eligible Compensation
Eligible compensation includes wages, salary, bonuses, commissions, and overtime. Compensation does not include, for example, items such as amounts earned with respect to any equity-based compensation plan, program, grant, award, or benefit, reimbursements or other expense allowances, fringe benefits (cash and noncash), moving expenses, deferred compensation, welfare plan benefits including health or life insurance, severance plan payments, unused accrued vacation payments, or bonuses or expense allowances which are not based upon performance as an employee.

Contributions

#### Participant Contributions
Participants may contribute to the Plan on a pre-tax and/or Roth basis using eligible compensation each pay period, subject to statutory and regulatory limitations. Participants reaching age 50 or older by the end of the Plan year may also make additional catch-up contributions to the Plan on a pre-tax and/or Roth basis. During 2025, the maximum annual 401(k) pre-tax and Roth contribution limit was $23,500, and the maximum annual catch-up contribution to the Plan was $7,500. Additionally, participants could contribute up to $34,750 for 2025 on an after-tax basis. A participant's aggregate contribution election (combined pre-tax, Roth, pre-tax catch-up, Roth catch-up, and after-tax) may not exceed 65 percent of his or her eligible compensation per pay period. Participants may elect to suspend or reinstate their contributions at any time. The Plan is required to return contributions received during the Plan year in excess of such limits.

Participants may choose to make rollover contributions to the Plan of amounts received from an eligible employer plan maintained by another company, including direct rollovers from such plans. Participants may also make rollover contributions to the Plan from an individual retirement account ("IRA") or annuity described in Internal Revenue Code ("IRC") Section 408(a), 408(b), 408(k), or 408(p) that is eligible to be rolled over and would otherwise be includible in gross income.

Participant contributions are recorded when withheld.

------

#### **Table of Contents**

#### Employer Contributions
The Company and all other participating employers excluding inXile and Double Fine provide participants with a matching contribution on eligible pre-tax and/or Roth contributions of $0.50 for every $1.00 contributed. For inXile and Double Fine, the participating employer provides participants with a matching contribution on eligible pre-tax and/or Roth contributions of $0.25 for every $1.00 contributed. The matching contribution is provided for up to 50 percent, or 25 percent for inXile and Double Fine, of the maximum annual 401(k) pre-tax and Roth Internal Revenue Service ("IRS") contribution limit (not including catch-up contributions). Participants do not receive a match on after-tax contributions.

Employer matching contributions are recorded when participant contributions are withheld.

#### Employee Stock Ownership Plan Feature
The Plan includes an Employee Stock Ownership Plan ("ESOP") feature for the portion of the Plan designed to invest primarily in Microsoft Common Stock. The ESOP feature allows participants to either reinvest their cash dividends earned on Microsoft Common Stock or receive those dividends in cash. Amounts invested in Microsoft Common Stock are treated as being held through the ESOP, provided that at the time such amounts were received by the Plan (e.g., through contributions or transfers), the participants whose Plan accounts received such assets were employed by Microsoft or a corporation that is part of the same controlled group of corporations as Microsoft.

Participants who are not employed by an employer established as a corporation that is part of the same controlled group of corporations as Microsoft may not participate in the ESOP, but may have their Plan accounts invested in Microsoft Common Stock to the same extent as other participants. However, such participants that are not eligible to participate in the ESOP feature are not eligible to receive dividends on Microsoft Common Stock in cash paid directly to them. Instead, dividends paid on amounts they have invested in Microsoft Common Stock will automatically be reinvested in Microsoft Common Stock.

Effective January 1, 2016, the investment of new contributions or transfer of existing account holdings into Microsoft Common Stock within the Plan was discontinued. Participant accounts with existing Microsoft Common Stock can retain those holdings, dividends on Microsoft Common Stock can continue to be reinvested or received in cash, and cash that the Plan accumulates over time in the trading of Microsoft Common Stock in the Plan is also allocated to the Participants' accounts and reinvested.

#### Participant Accounts
Each participant's account is credited with (a) participant contributions and employer contributions, and (b) the allocation of investment earnings, gains and losses, and expenses, based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account. All amounts in participant accounts are participant-directed. Participants may invest in various instruments including mutual funds, common collective trusts, and separately managed accounts. Participants also have the option to direct their investments through a brokerage account.

#### Vesting
Participants are fully vested in Plan accounts at all times.

#### Distributions
Active participants may take a withdrawal from the Plan in the event of a financial hardship. A hardship withdrawal is limited to the amount necessary to meet the participant's immediate financial need. Hardship withdrawals are further limited to contributions, and earnings thereon, to participants' pre-tax, pre-tax catch-up, Roth, and Roth catch-up accounts.

Active participants may also generally take a withdrawal at any time from their rollover and after-tax accounts within the Plan. After reaching age 59<sup>1</sup>⁄2, active participants may withdraw all, or any portion, of the balance in their accounts. Distributions, in full or any portion, may also occur if the participant terminates employment, retires, becomes permanently disabled, or dies. Distributions of investments in Microsoft Common Stock may be taken in the form of Microsoft Common Stock or cash. Distributions may be made in installments.

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#### **Table of Contents**
Participants may also withdraw all, or any portion, of their pre-tax and Roth contributions during a leave of absence to perform qualified military service of at least 30 days, subject to a six-month suspension on future non-rollover contributions to the Plan, or if they elect a qualified reservist distribution. The distribution generally must be made in a single lump sum cash payment, except that distributions of investments in Microsoft Common Stock may be taken in the form of Microsoft Common Stock or cash.

#### In-Plan Roth Conversions
Active and terminated participants may convert any Plan balances (other than outstanding loans) to a Roth account within the Plan.

#### Administrative Expenses
Plan administrative expenses are paid by the Company to the extent not paid or offset by the Plan. Participants are responsible for fees associated with certain transactions or services they utilize, such as loan originations and maintenance, domestic relations order qualifications, dividend check processing, overnight check fees, and professional management service fees. Participants also pay commission charges to Fidelity for buying and selling Microsoft Common Stock within the Plan.

#### Plan Amendment and Termination
The Company has the right to amend or terminate the Plan. If the Plan is terminated, all account balances will be distributed in the form and manner determined by the Plan Administrator.

#### Risks and Uncertainties
The Plan utilizes various investment instruments, such as common stock, mutual funds, common collective trusts, and separately managed accounts, including a stable value fund. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, including systemic market disruptions and geopolitical events, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.

#### Estimates and Assumptions
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein. Actual results and outcomes may differ from management's estimates and assumptions due to risks and uncertainties. The Plan has no contingent assets or liabilities for any periods presented in these financial statements.

#### Valuation of Investments and Income (Loss) Recognition
Investments are recorded at fair value with the exception of fully benefit-responsive investment contracts, which are reported at contract value. Contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Security transactions are accounted for as of the trade date. Dividend income is recorded on the ex-dividend date, and interest income is recorded as earned. Net increase in fair value of investments includes the Plan's gains and losses on investments bought, sold, and held during the year.

#### Participant Loans
Participant loans are measured at their unpaid principal balance plus any accrued but unpaid interest, and participant loans deemed distributed due to default are included in benefits paid to participants on the statement of changes in net assets available for benefits.

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#### **Table of Contents**

#### Receivables and Payables
As of December 31, 2025 and 2024, operating payables primarily consisted of accrued investment management expenses for the separately managed accounts. Other receivables and payables primarily consisted of unsettled trades. Other receivables also included accrued interest.

NOTE 2 — FAIR VALUE MEASUREMENTS

The Plan accounts for certain assets and liabilities at fair value. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. The Plan categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

• Level 1 – inputs are based upon unadjusted quoted prices for identical instruments in active markets. The Plan's Level 1 non-derivative investments primarily include domestic and international equities, mutual funds, and U.S. government securities. The Plan's Level 1 derivative assets include those actively traded on exchanges.

• Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including interest rate curves, credit spreads, foreign exchange rates, and forward and spot prices for currencies and commodities. The Plan's Level 2 non-derivative investments consist primarily of mutual funds in the Plan's separately managed accounts. These mutual funds are registered under the Investment Company Act of 1940 but are not registered under the Securities Act of 1933 and the prices are made available directly from the investment manager. The Plan's Level 2 derivative assets and liabilities primarily include certain over-the-counter option and currency contracts.

• Level 3 – inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. As of December 31, 2025 and 2024, the Plan did not hold any financial instruments categorized as Level 3.

Mutual funds are valued at the closing price as reported by the fund. Common stocks are valued at the closing price reported on the active markets on which the individual securities are traded. Brokerage account holdings include a variety of common stocks and mutual funds.

Common collective trusts are valued using the Net Asset Value ("NAV") as a practical expedient and are not categorized in the fair value hierarchy. NAV is provided by the fund's issuer and is based on the fair value of the underlying investments held by the fund less its liabilities. In the event the Plan were to initiate a full redemption of a common collective trust, the fund's issuer reserves the right to temporarily delay withdrawal from the common collective trust in order to ensure that securities liquidations will be carried out in an orderly business manner. The common collective trusts have no unfunded commitments, other redemption restrictions, or redemption notice periods. The underlying portfolios of the common collective trusts are comprised of a mix of stocks, bonds, commodities, and cash.

One of the common collective trusts, the State Street Government Short Term Investment Fund ("SSBK Govt STIF Fund"), does not file as a direct filing entity with the Department of Labor. The investment strategy of this fund is to provide safety of principal, daily liquidity, and a competitive yield over the long term. The SSBK Govt STIF Fund invests primarily in repurchase agreements and U.S. Treasury obligations.

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#### **Table of Contents**

#### Financial Instruments Measured at Fair Value

---

| | | | |
|:---|:---|:---|:---|
| December 31, 2025 | Level 1 | Level 2 | Total |
| Mutual funds | $0 | $0 | $0 |
| Microsoft Common Stock | 5142641059 | 0 | 5142641059 |
| Separately managed accounts: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Publicly-traded stock | 7574312971 | 0 | 7574312971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mutual funds | 0 | 1791245275 | 1791245275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 0 | 32187689 | 32187689 |
| Brokerage accounts | 6477323163 | 125065084 | 6602388247 |
| **Total** | $19194277193 | $1948498048 | 21142775241 |
| Common collective trusts measured at NAV |  |  | 53174958031 |
| Separately managed accounts: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common collective trusts measured at NAV |  |  | 1315532151 |
| **Total Investments at Fair Value** |  |  | $75633265423 |
| December 31, 2024 | Level 1 | Level 2 | Total |
| Mutual funds | $9181148993 | $0 | $9181148993 |
| Microsoft Common Stock | 5063721519 | 0 | 5063721519 |
| Separately managed accounts: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Publicly-traded stock | 5581875657 | 0 | 5581875657 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mutual funds | 0 | 1518134041 | 1518134041 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 0 | 49048486 | 49048486 |
| Brokerage accounts | 4977729263 | 109333085 | 5087062348 |
| **Total** | $24804475432 | $1676515612 | 26480991044 |
| Common collective trusts measured at NAV |  |  | 38419549176 |
| Separately managed accounts: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common collective trusts measured at NAV |  |  | 457280957 |
| **Total Investments at Fair Value** |  |  | $65357821177 |

---

NOTE 3 — FULLY BENEFIT-RESPONSIVE INVESTMENT CONTRACTS

The Plan offers participants a stable value investment option (the "Stable Value Account") that invests a small portion in a money market fund and the remainder in synthetic guaranteed investment contracts ("GICs"). The money market portion is reported at fair value. The synthetic GICs meet the fully benefit-responsive investment contract criteria and therefore are reported at contract value, which is the amount that participants would receive if permitted transactions under the terms of the Plan were initiated for withdrawals. Generally, contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses.

Synthetic GICs pair Plan-owned fixed income investments with an insurance-like feature known as a "wrap contract" issued by a bank or life insurance company. The crediting interest rate of each wrap contract is determined by a formula agreed upon with the synthetic GIC issuers and is guaranteed to not fall below zero percent. The crediting rate of each synthetic GIC resets every month based on the performance of the underlying investment portfolio. To the extent that the Stable Value Account has unrealized gains and losses, the interest crediting rate may differ from then-current market rates.

Certain events might limit the ability of the Plan to transact at contract value with the synthetic GIC issuer, which could result in a lower or negative return for the Stable Value Account notwithstanding the guaranteed crediting interest rate noted above. These events could be different under each synthetic GIC. Such events include layoffs, divestitures, voluntary or involuntary reductions in workforce, Plan termination or merger, or other events that are outside the normal operation of the Plan that causes a withdrawal from a synthetic GIC.

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#### **Table of Contents**
The Plan's ability to receive payment under fully benefit-responsive investment contracts depends on each issuer's financial stability, which may be influenced by future economic and regulatory developments.

In addition, certain events allow the issuer to terminate the synthetic GIC with the Plan and settle at an amount different from contract value. Those events could be different under each synthetic GIC. Such events include a change in qualification status of a participant, an employer, or the Plan; a breach of material obligations under the synthetic GIC and misrepresentation by the contract holder; or failure of the underlying portfolio to conform to the pre-established investment guidelines. Plan management does not believe that the occurrence of any events that might limit the Plan's ability to transact at contract value with the synthetic GIC issuer, or allow the issuer to terminate the synthetic GIC, is probable.

NOTE 4 — DERIVATIVES

Investment managers acting under the Plan use derivative instruments to manage risks related to foreign currencies and interest rates, to enhance investment returns for the Plan, and to facilitate Plan portfolio diversification. The Plan's derivatives consisted of over-the-counter foreign exchange forward contracts and exchange-traded futures contracts, as well as put and call options, for which no hedge accounting treatment is applied. The related notional amounts, gross fair values, and amounts recognized in earnings were immaterial as of December 31, 2025 and 2024 and for the year ended December 31, 2025. These derivative instruments are primarily a component of the "Other" caption of separately managed accounts in Note 2 – Fair Value Measurements.

NOTE 5 — PARTICIPANT LOANS

Participant loans are available in $100 increments ranging from $1,000 to $50,000. The maximum loan amount is the lesser of (a) 50 percent of the vested account balance, reduced by the current outstanding balance of all other loans from the Plan; or (b) $50,000, reduced by: (1) the current outstanding balance of all other loans from the Plan, and (2) the excess (if any) of all Plan loans during the previous 12 months over the current outstanding balance of Plan loans. When determining the maximum loan amount available under the Plan, outstanding loan balances under any subsidiary and affiliate Microsoft retirement plans are considered in conjunction with the Plan. Participants are limited to two loans – one Primary Residence Loan and one General Loan. The term of a Primary Residence Loan may not exceed 15 years (or 30 years for certain acquired legacy loans) or be less than 12 months. The term of a General Loan may not exceed five years (or 15 years for certain acquired legacy loans) or be less than 12 months.

The interest rate for participant loans is one percent plus the prime rate on corporate loans. The range of interest rates for outstanding Primary Residence Loans as of December 31, 2025 was 3.25 percent to 9.50 percent, maturing at various dates through February 2044. The range of interest rates for outstanding General Loans as of December 31, 2025 was 4.25 percent to 9.50 percent, maturing at various dates through January 2031.

Loan repayments are made through after-tax payroll deductions. Terminated employees generally have 60 days to elect to continue to make loan repayments or pay off the loan in full. Failure of the terminated employee to set up monthly electronic loan payments or pay off the loan in full during this 60-day window generally results in a default of the loan, which is taxable income to the participant, with a possible 10 percent early withdrawal penalty. Terminated employees who roll over their Plan account balance to an IRA, Roth IRA, or other employer plan during this 60-day window may avoid such taxable income and 10 percent early withdrawal penalty if they pay off the outstanding loan balance to the rollover recipient IRA custodian or employer plan by the due date (including extensions) for filing their federal income tax return for the year in which the rollover occurred.

NOTE 6 — TAX STATUS

The IRS has determined and informed the Plan, by a letter dated October 7, 2022, that the Plan is qualified as a tax-exempt plan under the appropriate sections of the IRC. The determination letter covered Plan amendments adopted from December 19, 2013 through December 15, 2021, and the trust agreement with Fidelity adopted on July 19, 2013. The Plan has been amended since the last date that was covered by the determination letter; however, the Plan Administrator believes that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC. Therefore, the Plan is tax-exempt as of the financial statement date and no provision for income taxes has been recorded in the financial statements.

------

NOTE 7 — PARTY-IN-INTEREST TRANSACTIONS

#### Exempt Party-In-Interest Transactions
Plan investments include common collective trusts and fixed income instruments that are managed by affiliates of Fidelity; therefore, these transactions qualify as party-in-interest transactions. Fees paid for investment management services were included as a reduction of the return earned on each fund.

The Stable Value Account is managed by Invesco Advisers, Inc. ("Invesco") and its affiliate Invesco Trust Company ("ITC"). A portion of the Stable Value Account is invested in the Invesco Short Term Investment Fund ("Invesco STIF"). Accordingly, transactions involving the Invesco STIF constitute party-in-interest transactions. Fees paid for investment management services were included as a reduction of the return earned on the fund, with no incremental management fee on the Invesco STIF allocation. These transactions involving the Invesco STIF are permitted under the Plan, conducted in accordance with applicable ERISA provisions, and exempt party-in-interest transactions under ERISA.

Transactions in Microsoft Common Stock also qualify as party-in-interest transactions. As of December 31, 2025 and 2024, the Plan held 10,633,640 shares of Microsoft Common Stock valued at $5,142,641,059 and 12,013,574 shares of Microsoft Common Stock valued at $5,063,721,519, respectively. During the year ended December 31, 2025, the Plan recorded Microsoft Common Stock dividend income of $38,458,044.

Participant loans, which are secured by the vested balances in the participants' accounts, also qualify as party-in-interest transactions.

#### Nonexempt Party-In-Interest Transactions
There was one instance in 2025 when the Plan, due to administrative errors, remitted some participants' contributions to Fidelity later than required under Department of Labor Regulation Sec. 2510.3-102. The late remittance was promptly discovered, funded, and self-corrected, and was timely reported on IRS Form 5330, with payment of applicable excise taxes. The impacted participant accounts were credited by an amount representing investment income that would have been earned had the participant contributions been remitted on a timely basis. The aggregate amount of late contributions in 2025 totaled $46,597, all of which was remediated in 2026, resulting in credits to participant accounts of $27 in 2026.

NOTE 8 — RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits per the financial statements to net assets per the Form 5500:

---

| | | |
|:---|:---|:---|
| December 31, | 2025 | 2024 |
|  Net assets available for benefits per the financial statements | $77820483784 | $65627337124 |
|  Adjustment from contract value to fair value for fully benefit-responsive investment contracts | 2871823 | 0 |
|  Benefits payable | (9785264) | (3303297) |
|  Net assets per the Form 5500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77813570343 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65624033827 |

---

------

#### **Table of Contents**
The following is a reconciliation of net increase in net assets available for benefits per the financial statements to the Form 5500:

---

| | |
|:---|:---|
| Year Ended December 31, | 2025 |
|  Net increase in net assets available for benefits per the financial statements | $12193146660 |
|  Increase in benefits payable at year end | (6481967) |
|  Adjustment from contract value to fair value for fully benefit-responsive investment contracts at end of the year | **2871823** |
|  Net income per the Form 5500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12189536516 |

---

Benefits payable are recorded on the Form 5500 for payments to participants who requested and were approved payment by December 31, but had not been paid as of that date.

------

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| **BROKERAGE ACCOUNTS** |  |  |  |
| **BrokerageLink\*** | Participant-directed accounts |  | $6602388247 |
| **COMMON COLLECTIVE TRUSTS** |  |  |  |
| **BlackRock LifePath Index 2030 Unitized Account M** | Common collective trust |  | 2240714500 |
| **BlackRock LifePath Index 2035 Unitized Account M** | Common collective trust |  | 935221815 |
| **BlackRock LifePath Index 2040 Unitized Account M** | Common collective trust |  | 5057011406 |
| **BlackRock LifePath Index 2045 Unitized Account M** | Common collective trust |  | 1581522231 |
| **BlackRock LifePath Index 2050 Unitized Account M** | Common collective trust |  | 6421924384 |
| **BlackRock LifePath Index 2055 Unitized Account M** | Common collective trust |  | 2159399055 |
| **BlackRock LifePath Index 2060 Unitized Account M** | Common collective trust |  | 2762671335 |
| **BlackRock LifePath Index 2065 Unitized Account M** | Common collective trust |  | 740739474 |
| **BlackRock LifePath Index 2070 Unitized Account M** | Common collective trust |  | 31088729 |
| **BlackRock LifePath Index Retirement Unitized Account M** | Common collective trust |  | 813348500 |
| **BlackRock Short-term Investment Fund** | Common collective trust |  | 1104316 |
| **Fidelity Contrafund Pool Class S \*\*** | Common collective trust |  | 4441579663 |
| **Fidelity Growth Company Pool Class S \*\*** | Common collective trust |  | 8249634806 |
| **PIMCO Inflation Response MAM Class I** | Common collective trust |  | 185073779 |
| **Vanguard Russell 1000 Growth Index Trust** | Common collective trust |  | 4788882589 |
| **Vanguard Russell 1000 Value Index Trust** | Common collective trust |  | 2443958715 |
| **Vanguard S&P 500 Index Trust** | Common collective trust |  | 10321082734 |
| **EMPLOYER STOCK** |  |  |  |
| **Microsoft Common Stock \*\*** | Equity |  | 5142641059 |
| **SEPARATELY MANAGED ACCOUNTS** |  |  |  |
| **SMID Cap Value Account** |  |  |  |
| **Equity** |  |  |  |
| 1 800 FLOWERS.COM INC CL A | Equity |  | 62758 |
| 8X8 INC | Equity |  | 29607 |
| 908 DEVICES INC | Equity |  | 35795 |
| AAR CORP | Equity |  | 950926 |
| ABERCROMBIE & FITCH CO CL A | Equity |  | 175211 |
| ABM INDUSTRIES INC | Equity |  | 780054 |
| ACACIA RESEARCH - ACACIA TECH | Equity |  | 98201 |
| ACADEMY SPORTS & OUTDOORS INC | Equity |  | 1098471 |
| ACADIA HEALTHCARE CO INC | Equity |  | 88489 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ACCO BRANDS CORP | Equity |  | 124948 |
| ACI WORLDWIDE INC | Equity |  | 131573 |
| ACME UNITED CORP | Equity |  | 31039 |
| ACNB CORPORATION | Equity |  | 117007 |
| ADAPTHEALTH CORP | Equity |  | 348182 |
| ADDUS HOMECARE CORP | Equity |  | 560791 |
| ADDUS HOMECARE CORP | Equity |  | 2484468 |
| ADIENT PLC | Equity |  | 433510 |
| ADT INC | Equity |  | 1339886 |
| ADT INC | Equity |  | 3801737 |
| ADTALEM GLOBAL EDUCATION INC | Equity |  | 736293 |
| ADTALEM GLOBAL EDUCATION INC | Equity |  | 5020468 |
| ADVANCE AUTO PARTS INC | Equity |  | 27589 |
| ADVANCED ENERGY INDUSTRIES INC | Equity |  | 4663717 |
| ADVANSIX INC | Equity |  | 166115 |
| ADVANTAGE SOLUTIONS INC A | Equity |  | 36110 |
| AEBI SCHMIDT HOLDING AG | Equity |  | 126614 |
| AERSALE CORP | Equity |  | 94392 |
| AFFILIATED MANAGERS GRP INC | Equity |  | 558687 |
| AFFILIATED MANAGERS GRP INC | Equity |  | 9473746 |
| AGCO CORP | Equity |  | 1662548 |
| AIR LEASE CORP CL A | Equity |  | 2089852 |
| AKAMAI TECHNOLOGIES INC | Equity |  | 2349904 |
| ALAMO GROUP INC | Equity |  | 666780 |
| ALASKA AIR GROUP INC | Equity |  | 1679819 |
| ALBANY INTERNATIONAL CORP CL A | Equity |  | 249038 |
| ALBERTSONS COS INC CL A | Equity |  | 1895808 |
| ALCOA CORP | Equity |  | 3836814 |
| ALERUS FINANCIAL CORP | Equity |  | 150726 |
| ALICO INC | Equity |  | 50568 |
| ALIGHT INC CL A | Equity |  | 294450 |
| ALIGN TECHNOLOGY INC | Equity |  | 454865 |
| ALKERMES PLC | Equity |  | 395833 |
| ALLEGIANT TRAVEL CO | Equity |  | 467535 |
| ALLEGRO MICROSYSTEMS INC | Equity |  | 3041878 |
| ALLIENT INC | Equity |  | 266063 |
| ALLOGENE THERAPEUTICS INC | Equity |  | 28997 |
| ALLY FINANCIAL INC | Equity |  | 3822657 |
| ALPHA & OMEGA SEMICNDTR LTD | Equity |  | 181539 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ALPHA METALLURGICAL RESOURCES INC | Equity |  | 838896 |
| ALPHA PRO TECH LTD | Equity |  | 7992 |
| AMALGAMATED FINANCIAL CORP | Equity |  | 290288 |
| AMC NETWORKS INC CL A | Equity |  | 41241 |
| AMDOCS LTD | Equity |  | 1417942 |
| AMENTUM HOLDINGS INC | Equity |  | 472613 |
| AMERANT BANCORP INC | Equity |  | 47721 |
| AMERESCO INC-CL A | Equity |  | 166074 |
| AMERICAN AXLE & MFG HLDGS INC | Equity |  | 269041 |
| AMERICAN COASTAL INSURANCE CORP | Equity |  | 79897 |
| AMERICAN EAGLE OUTFITTERS INC | Equity |  | 1714261 |
| AMERICAN FINL GROUP INC OHIO | Equity |  | 745043 |
| AMERICAN HOMES 4 RENT | Equity |  | 2337843 |
| AMERICAN OUTDOOR BRANDS INC | Equity |  | 39972 |
| AMERICAN PUBLIC EDUCATION INC | Equity |  | 254356 |
| AMERICAN VANGUARD CORP | Equity |  | 42669 |
| AMERICAN WELL CORP | Equity |  | 6339 |
| AMERICAN WOODMARK | Equity |  | 345984 |
| AMERICAS CAR MART INC | Equity |  | 20713 |
| AMERIS BANCORP | Equity |  | 1576752 |
| AMES NATIONAL CORP | Equity |  | 76503 |
| AMKOR TECHNOLOGY INC | Equity |  | 2857523 |
| AMNEAL PHARMACEUTICALS INC | Equity |  | 39161 |
| AMPCO-PITTSBURG CORP | Equity |  | 26266 |
| AMPHASTAR PHARMACEUTICALS INC | Equity |  | 348756 |
| AMPLIFY ENERGY CORP NEW | Equity |  | 61617 |
| AMREP CORP | Equity |  | 17371 |
| AMTECH SYSTEMS INC | Equity |  | 24134 |
| ANDERSONS INC | Equity |  | 652130 |
| ANGI INC | Equity |  | 185584 |
| ANIKA THERAPEUTICS INC | Equity |  | 63983 |
| ANTERO RES CORP | Equity |  | 1613417 |
| ANYWHERE REAL ESTATE INC | Equity |  | 489596 |
| APA CORP | Equity |  | 2498613 |
| APOGEE ENTERPRISES INC | Equity |  | 279155 |
| APTARGROUP INC | Equity |  | 1096542 |
| APTIV PLC | Equity |  | 28077 |
| ARAMARK | Equity |  | 848185 |
| ARCBEST CORP | Equity |  | 608432 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ARCHROCK INC | Equity |  | 805215 |
| ARCOSA INC | Equity |  | 896278 |
| ARCOSA INC | Equity |  | 4698706 |
| ARDMORE SHIPPING CORP | Equity |  | 166729 |
| ARKO CORP | Equity |  | 104770 |
| ARQ INC | Equity |  | 30355 |
| ARRAY DIGITAL INFRASTRUCTURE INC | Equity |  | 832987 |
| ARROW ELECTRONICS INC | Equity |  | 1852346 |
| ARROW FINANCIAL CORP | Equity |  | 163280 |
| ASBURY AUTOMOTIVE GROUP INC | Equity |  | 1284263 |
| ASCENT INDUSTRIES CO | Equity |  | 25596 |
| ASGN INC | Equity |  | 487288 |
| ASHLAND INC | Equity |  | 889907 |
| ASPEN AEROGELS INC | Equity |  | 27680 |
| ASSOCIATED BANC CORP | Equity |  | 873547 |
| ASSURANT INC | Equity |  | 893313 |
| ASSURED GUARANTY LTD | Equity |  | 1189879 |
| ASTEC INDUSTRIES INC | Equity |  | 402963 |
| ASTRANA HEALTH INC | Equity |  | 100059 |
| ASTRIA THERAPEUTICS INC | Equity |  | 77126 |
| ASURE SOFTWARE INC | Equity |  | 87050 |
| ATEA PHARMACEUTICALS INC | Equity |  | 10178 |
| ATKORE INC | Equity |  | 350785 |
| ATLANTIC UN BANKSHARES CORP | Equity |  | 1250432 |
| ATLANTICUS HOLDINGS CORP | Equity |  | 271750 |
| ATLAS ENERGY SOLUTIONS INC | Equity |  | 143646 |
| ATMOS ENERGY CORP | Equity |  | 2991693 |
| ATMUS FILTRATION TECHNOLOGIES INC | Equity |  | 2445999 |
| ATN INTERNATIONAL INC | Equity |  | 125674 |
| AUTOLIV INC | Equity |  | 273129 |
| AUTONATION INC | Equity |  | 1700363 |
| AVANOS MEDICAL INC | Equity |  | 153683 |
| AVANTOR INC | Equity |  | 1023917 |
| AVANTOR INC | Equity |  | 1464611 |
| AVERY DENNISON CORP | Equity |  | 3148525 |
| AVIAT NETWORKS INC | Equity |  | 71195 |
| AVIENT CORP | Equity |  | 807523 |
| AVNET INC | Equity |  | 1449179 |
| AXALTA COATING SYSTEMS LTD | Equity |  | 2152686 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| AXALTA COATING SYSTEMS LTD | Equity |  | 3975713 |
| AXCELIS TECHNOLOGIES INC | Equity |  | 236200 |
| AXIS CAPITAL HOLDINGS LTD | Equity |  | 2014256 |
| AXOS FINANCIAL INC | Equity |  | 1322814 |
| AZENTA INC | Equity |  | 119403 |
| AZZ INC | Equity |  | 711997 |
| BALL CORP | Equity |  | 4002996 |
| BANC OF CALIFORNIA INC | Equity |  | 593303 |
| BANCFIRST CORP | Equity |  | 36471 |
| BANDWIDTH INC | Equity |  | 132777 |
| BANK FIRST CORP | Equity |  | 59448 |
| BANK HAWAII CORP | Equity |  | 185898 |
| BANK MARIN BANCORP | Equity |  | 136500 |
| BANK OF NT BUTTERFIELD&SON LTD | Equity |  | 424865 |
| BANK OZK | Equity |  | 1677521 |
| BANK7 CORP | Equity |  | 37046 |
| BANKFINANCIAL CORP | Equity |  | 34860 |
| BANKUNITED INC | Equity |  | 1009466 |
| BANKWELL FINANCIAL GROUP INC | Equity |  | 100300 |
| BANNER CORP | Equity |  | 676289 |
| BAR HARBOR BANKSHARES | Equity |  | 189157 |
| BARNES & NOBLE EDUCATION INC | Equity |  | 13206 |
| BASSETT FURNITURE INDS INC | Equity |  | 76945 |
| BAYCOM CORP | Equity |  | 127714 |
| BCB BANCORP INC | Equity |  | 58556 |
| BEACON FINANCIAL CORP | Equity |  | 745454 |
| BEAZER HOMES USA INC | Equity |  | 156424 |
| BELLRING BRANDS INC | Equity |  | 104942 |
| BENCHMARK ELECTRONICS INC | Equity |  | 569178 |
| BIGLARI HLDGS INC CL A | Equity |  | 27841 |
| BIGLARI HLDGS INC CL B | Equity |  | 201785 |
| BIO RAD LABS CL A | Equity |  | 1671899 |
| BIO RAD LABS CL A | Equity |  | 5041451 |
| BIOMARIN PHARMACEUTICAL INC | Equity |  | 324963 |
| BIONTECH SE ADR | Equity |  | 17326 |
| BIRKENSTOCK HOLDING LTD | Equity |  | 868348 |
| BJ'S RESTAURANTS INC | Equity |  | 327847 |
| BLACK DIAMOND THERAPEUTICS INC | Equity |  | 31218 |
| BLUE FOUNDRY BANCORP | Equity |  | 37862 |

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------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| BLUE RIDGE BANKSHARES INC | Equity |  | 25624 |
| BLUELINX HOLDINGS INC | Equity |  | 219121 |
| BOISE CASCADE CO | Equity |  | 932144 |
| BOK FINANCIAL COMMON NEW | Equity |  | 1995814 |
| BOK FINANCIAL COMMON NEW | Equity |  | 4351983 |
| BORGWARNER INC | Equity |  | 2518313 |
| BORGWARNER INC | Equity |  | 4230503 |
| BOSTON BEER COMPANY CL A | Equity |  | 330160 |
| BOSTON OMAHA CORP | Equity |  | 126582 |
| BOWMAN CONSULTING GROUP LTD | Equity |  | 95692 |
| BOYD GAMING CORP | Equity |  | 6323700 |
| BRADY CORPORATION CL A | Equity |  | 583857 |
| BREAD FINANCIAL HOLDINGS | Equity |  | 1189884 |
| BRIDGEWATER BANCSHARES INC | Equity |  | 152739 |
| BRIGHTHOUSE FINANCIAL INC | Equity |  | 1266774 |
| BRIGHTSPRING HEALTH SERVICES INC | Equity |  | 209083 |
| BRIGHTVIEW HOLDINGS INC | Equity |  | 333512 |
| BRISTOW GROUP INC | Equity |  | 327310 |
| BROADWIND INC | Equity |  | 18579 |
| BROWN FORMAN CORP CL A | Equity |  | 14628 |
| BROWN FORMAN CORP NON VTG CL B | Equity |  | 70831 |
| BRUNSWICK CORP | Equity |  | 1183608 |
| BRUNSWICK CORP | Equity |  | 1908413 |
| BUILDERS FIRSTSOURCE | Equity |  | 2167275 |
| BUMBLE INC CL A | Equity |  | 109185 |
| BUNGE GLOBAL SA | Equity |  | 209783 |
| BURKE & HERBERT FINANCIAL SERVICES CORP | Equity |  | 98699 |
| BUSINESS FIRST BANCSHARES INC | Equity |  | 204101 |
| BUZZFEED INC | Equity |  | 4683 |
| BWX TECHNOLOGIES INC | Equity |  | 4762779 |
| BYLINE BANCORP INC | Equity |  | 384255 |
| C & F FINANCIAL CORP | Equity |  | 77163 |
| C T S CORP | Equity |  | 360622 |
| CABLE ONE INC | Equity |  | 153589 |
| CABOT CORP | Equity |  | 336769 |
| CACI INTERNATIONAL INC | Equity |  | 893522 |
| CACTUS INC CL A | Equity |  | 313776 |
| CADELER A/S-SPON ADR | Equity |  | 1989 |
| CADENCE BANK | Equity |  | 2287956 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CADENCE BANK | Equity |  | 2155794 |
| CAESARS ENTERTAINMENT INC | Equity |  | 792289 |
| CALAVO GROWERS INC | Equity |  | 114514 |
| CALEDONIA MINING CORP | Equity |  | 69246 |
| CALERES INC | Equity |  | 129452 |
| CALIFORNIA BANCORP | Equity |  | 48318 |
| CALIFORNIA RES CORP | Equity |  | 1194651 |
| CAL-MAINE FOODS INC | Equity |  | 1012130 |
| CAMDEN NATIONAL CORP | Equity |  | 231215 |
| CAPITAL BANCORP INC/MD | Equity |  | 96482 |
| CAPITAL CITY BANK GROUP INC | Equity |  | 277173 |
| CAPITOL FED FINL (2ND STEP CV) | Equity |  | 282710 |
| CARDLYTICS INC | Equity |  | 2698 |
| CAREDX INC | Equity |  | 92410 |
| CARIBOU BIOSCIENCES INC | Equity |  | 26702 |
| CARLISLE COS INC | Equity |  | 3334221 |
| CARLYLE GROUP INC (THE) | Equity |  | 7726682 |
| CARMAX INC | Equity |  | 690999 |
| CARRIAGE SERVICES INC | Equity |  | 113364 |
| CARS.COM INC | Equity |  | 242963 |
| CARTER BANKSHARES INC | Equity |  | 146467 |
| CARTERS INC | Equity |  | 344893 |
| CASELLA WASTE SYS INC CL A | Equity |  | 4405439 |
| CASTLE BIOSCIENCES INC | Equity |  | 333568 |
| CATALYST PHARMACEUTICALS INC | Equity |  | 49551 |
| CATHAY GENERAL BANCORP | Equity |  | 1069032 |
| CATO CORP CL A | Equity |  | 25684 |
| CELANESE CORP | Equity |  | 27397 |
| CENTERSPACE | Equity |  | 2691485 |
| CENTRAL GARDEN & PET CO | Equity |  | 138792 |
| CENTRAL GARDEN & PET CO CL A | Equity |  | 465435 |
| CENTRAL PACIFIC FINANCIAL CORP | Equity |  | 256509 |
| CENTURY COMMUNITIES INC | Equity |  | 643948 |
| CERENCE INC | Equity |  | 43284 |
| CERTARA INC | Equity |  | 370029 |
| CF BANKSHARES INC | Equity |  | 10180 |
| CF INDUSTRIES HOLDINGS INC | Equity |  | 3249749 |
| CHAMPION HOMES INC | Equity |  | 528463 |
| CHARLES RIVER LABS INTL INC | Equity |  | 1765996 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CHARLES RIVER LABS INTL INC | Equity |  | 5106887 |
| CHART INDUSTRIES INC | Equity |  | 790686 |
| CHEGG INC | Equity |  | 21373 |
| CHEMUNG FINANCIAL CORP | Equity |  | 79850 |
| CHOICEONE FINANCIAL SERVIC INC | Equity |  | 14937 |
| CHORD ENERGY CORP | Equity |  | 625818 |
| CIPHER MINING INC | Equity |  | 32989 |
| CIRRUS LOGIC INC | Equity |  | 706734 |
| CITI TRENDS INC | Equity |  | 101780 |
| CITIZENS & NORTHERN CORP | Equity |  | 119185 |
| CITY HOLDING CO | Equity |  | 76526 |
| CIVEO CORP | Equity |  | 95071 |
| CIVISTA BANCSHARES INC | Equity |  | 116833 |
| CIVITAS RESOURCES INC | Equity |  | 633662 |
| CLARIVATE PLC | Equity |  | 540940 |
| CLARUS CORP | Equity |  | 12496 |
| CLEAN ENERGY FUELS CORP | Equity |  | 80980 |
| CLEAN HARBORS INC | Equity |  | 4101993 |
| CLEANSPARK INC | Equity |  | 268706 |
| CLEARWATER PAPER CORP | Equity |  | 117502 |
| CNB FINANCIAL CORP PA | Equity |  | 192664 |
| CNH INDUSTRIAL NV | Equity |  | 2533610 |
| CNO FINANCIAL GROUP INC | Equity |  | 1042851 |
| CNX RESOURCES CORP | Equity |  | 1946567 |
| COEUR MINING INC | Equity |  | 145760 |
| COHU INC | Equity |  | 107647 |
| COLONY BANKCORP INC | Equity |  | 98705 |
| COLUMBIA BANKING SYSTEMS INC | Equity |  | 2088787 |
| COLUMBIA BANKING SYSTEMS INC | Equity |  | 4959029 |
| COLUMBIA FINANCIAL INC | Equity |  | 91049 |
| COLUMBIA SPORTSWEAR CO | Equity |  | 491182 |
| COLUMBUS MCKINNON CORP NY | Equity |  | 148574 |
| COMERICA INC | Equity |  | 3112007 |
| COMMERCE BANCSHARES INC | Equity |  | 737628 |
| COMMERCIAL METALS CO | Equity |  | 2305164 |
| COMMERCIAL VEHICLE GROUP INC | Equity |  | 5135 |
| COMMUNITY FINANCIAL SYSTEM INC | Equity |  | 674173 |
| COMMUNITY HEALTH SYS INC NEW | Equity |  | 15463 |
| COMMUNITY TRUST BANCORP INC | Equity |  | 375725 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| COMMUNITY WEST BANCSHARES | Equity |  | 107933 |
| COMSTOCK RESOURCES INC | Equity |  | 1304315 |
| COMTECH TELECOMMUNICATIONS NEW | Equity |  | 57719 |
| CONAGRA BRANDS INC | Equity |  | 2052949 |
| CONCENTRIX CORP | Equity |  | 684199 |
| CONCRETE PUMPING HOLDINGS INC | Equity |  | 100583 |
| CONDUENT INC | Equity |  | 99999 |
| CONMED CORP | Equity |  | 174580 |
| CONMED CORP | Equity |  | 1782746 |
| CONNECTONE BANCORP INC | Equity |  | 404496 |
| CONSUMER PORTFOLIO SVCS INC | Equity |  | 84922 |
| COOPER COMPANIES INC | Equity |  | 877792 |
| COOPER STANDARD HOLDING INC | Equity |  | 103874 |
| COPA HOLDINGS SA CL A | Equity |  | 830520 |
| CORE & MAIN INC | Equity |  | 3469517 |
| CORE LABORATORIES INC | Equity |  | 149335 |
| CORE LABORATORIES INC | Equity |  | 2045284 |
| CORE MOLDING TECH INC | Equity |  | 22376 |
| CORE NATURAL RESOURCES INC | Equity |  | 569119 |
| CORSAIR GAMING INC | Equity |  | 45043 |
| COSTAMARE BULKERS HOLDINGS LTD | Equity |  | 90981 |
| COSTAMARE INC | Equity |  | 636069 |
| COTY INC CL A | Equity |  | 45846 |
| COVENANT LOGISTICS GROUP INC | Equity |  | 153883 |
| CRACKER BARREL OLD CTRY ST INC | Equity |  | 122580 |
| CRANE NXT CO | Equity |  | 399201 |
| CRANE NXT CO | Equity |  | 2151099 |
| CRESCENT ENERGY INC A | Equity |  | 641525 |
| CREXENDO INC | Equity |  | 40560 |
| CRICUT INC | Equity |  | 24592 |
| CROCS INC | Equity |  | 661155 |
| CROSS COUNTRY HEALTHCARE INC | Equity |  | 99444 |
| CULLEN FROST BANKERS INC | Equity |  | 723817 |
| CULLINAN ONCOLOGY INC | Equity |  | 35915 |
| CULP INC | Equity |  | 9167 |
| CURTISS WRIGHT CORPORATION | Equity |  | 2566162 |
| CUSHMAN & WAKEFIELD LTD | Equity |  | 1123295 |
| CUSTOM TRUCK ONE SOURCE INC A | Equity |  | 189020 |
| CUSTOMERS BANCORP INC | Equity |  | 767833 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CVB FINANCIAL CORP | Equity |  | 679681 |
| DAILY JOURNAL CORP | Equity |  | 41422 |
| DAKTRONICS INC | Equity |  | 288444 |
| DANA INC | Equity |  | 1086877 |
| DARLING INGREDIENTS INC | Equity |  | 1617948 |
| DEFINITIVE HEALTHCARE CORP | Equity |  | 31860 |
| DELUXE CORP | Equity |  | 320168 |
| DESIGNER BRANDS INC | Equity |  | 109912 |
| DESTINATION XL GROUP INC | Equity |  | 16628 |
| DHI GROUP INC | Equity |  | 18687 |
| DHT HOLDINGS INC | Equity |  | 644175 |
| DIAMOND HILL INVEST GRP INC | Equity |  | 60512 |
| DIEBOLD NIXDORF INC | Equity |  | 364841 |
| DIGI INTERNATIONAL INC | Equity |  | 493982 |
| DIGITAL TURBINE INC | Equity |  | 30605 |
| DIGITALBRIDGE GROUP INC | Equity |  | 384022 |
| DILLARDS INC CL A | Equity |  |  |
| DIME COMMUNITY BANCSHARES INC | Equity |  | 351812 |
| DIODES INC | Equity |  | 479683 |
| DISTRIBUTION SOLUTIONS GROUP INC | Equity |  | 115175 |
| DLH HOLDINGS CORP | Equity |  | 13972 |
| DMC GLOBAL INC | Equity |  | 34166 |
| DNOW INC | Equity |  | 743471 |
| DOCGO INC | Equity |  | 21550 |
| DOLBY LABORATORIES INC CL A | Equity |  | 137238 |
| DOLE PLC | Equity |  | 367375 |
| DONEGAL GROUP INC CL A | Equity |  | 238202 |
| DORIAN LPG LTD | Equity |  | 378560 |
| DORMAN PRODUCTS INC | Equity |  | 751336 |
| DOUBLEVERIFY HOLDINGS INC | Equity |  | 235687 |
| DOUGLAS DYNAMICS INC | Equity |  | 148329 |
| DREAM FINDERS HOMES INC | Equity |  | 77241 |
| DT MIDSTREAM INC | Equity |  | 1574989 |
| DUCOMMUN INC | Equity |  | 276923 |
| DXC TECHNOLOGY CO | Equity |  | 768466 |
| DXP ENTERPRISES INC | Equity |  | 463533 |
| EAGLE BANCORP INC MD | Equity |  | 87822 |
| EAGLE BANCORP MONTANA INC | Equity |  | 26129 |
| EAGLE FINANCIAL SERVICES INC | Equity |  | 14406 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| EAST WEST BANCORP INC | Equity |  | 588474 |
| EASTERN BANKSHARES INC | Equity |  | 452586 |
| EASTERN CO | Equity |  | 33532 |
| EASTGROUP PPTYS INC | Equity |  | 2480600 |
| EASTMAN CHEMICAL CO | Equity |  | 1539643 |
| ECHOSTAR CORP CL A | Equity |  | 208052 |
| ECOVYST INC | Equity |  | 370567 |
| EDGEWELL PERSONAL CARE CO | Equity |  | 294095 |
| EGAIN CORP | Equity |  | 37188 |
| EHEALTH INC | Equity |  | 41671 |
| EL POLLO LOCO HLDGS INC | Equity |  | 135844 |
| ELANCO ANIMAL HEALTH INC | Equity |  | 3136405 |
| ELEMENT SOLUTIONS INC | Equity |  | 1148515 |
| ELEMENT SOLUTIONS INC | Equity |  | 3711365 |
| EMERGENT BIOSOL | Equity |  | 174820 |
| EMPLOYERS HOLDINGS INC | Equity |  | 412403 |
| ENACT HOLDINGS INC | Equity |  | 530899 |
| ENCOMPASS HEALTH CORP | Equity |  | 3600163 |
| ENCORE CAP GROUP INC | Equity |  | 49241 |
| ENERGY SERVICES ACQ | Equity |  | 28195 |
| ENERSYS INC | Equity |  | 1246935 |
| ENHABIT HOME HEALTH & HOSPICE | Equity |  | 78969 |
| ENNIS INC | Equity |  | 184152 |
| ENOVA INTL INC | Equity |  | 1110618 |
| ENOVIS CORP | Equity |  | 465028 |
| ENPRO INC | Equity |  | 873222 |
| ENTERPRISE FINL SVCS CORP | Equity |  | 605502 |
| ENTRADA THERAPEUTICS INC | Equity |  | 44266 |
| ENTRAVISION COMMUN CRP CL A | Equity |  | 31752 |
| ENVIRI CORP | Equity |  | 182945 |
| ENVISTA HOLDINGS CORP | Equity |  | 720381 |
| ENVISTA HOLDINGS CORP | Equity |  | 5628100 |
| EPAM SYSTEMS INC | Equity |  | 403818 |
| EPLUS INC | Equity |  | 707301 |
| EPSILON ENERGY LTD | Equity |  | 25859 |
| EQUITY BANCSHARES INC | Equity |  | 243700 |
| ESCALADE | Equity |  | 71389 |
| ESPEY MFG.&ELECTRIC | Equity |  | 43501 |
| ESSENT GROUP LTD | Equity |  | 1819045 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ETHAN ALLEN INTERIORS INC | Equity |  | 245028 |
| EVEREST GROUP LTD | Equity |  | 313899 |
| EVOLENT HEALTH INC A | Equity |  | 26880 |
| EVOLUTION PETROLEUM CORP | Equity |  | 35995 |
| EXLSERVICE HOLDINGS INC | Equity |  | 4090792 |
| EXPRO GROUP HOLDINGS NV | Equity |  | 359729 |
| EZCORP INC CL A NON VTG | Equity |  | 378632 |
| F&G ANNUITIES & LIFE INC | Equity |  | 58646 |
| FARMER BROTHERS CO | Equity |  | 7861 |
| FARMERS & MERCHANTS BANCO/OH | Equity |  | 78041 |
| FARMERS NATL BANC CORP | Equity |  | 147586 |
| FATE THERAPEUTICS INC | Equity |  | 17955 |
| FB FINANCIAL CORP | Equity |  | 539698 |
| FEDERAL AGRI MTG NON VTG CL C | Equity |  | 447352 |
| FEDERAL SIGNAL CORP | Equity |  | 2675332 |
| FERROGLOBE PLC | Equity |  | 52469 |
| FINANCIAL INSTITUTIONS INC | Equity |  | 197057 |
| FIRST ADVANTAGE CORP | Equity |  | 142903 |
| FIRST AMERICAN FINANCIAL CORP | Equity |  | 1704714 |
| FIRST AMERICAN FINANCIAL CORP | Equity |  | 4827894 |
| FIRST BANCORP INC ME | Equity |  | 104438 |
| FIRST BANCORP NC | Equity |  | 588808 |
| FIRST BANCORP PUERTO RICO | Equity |  | 1026094 |
| FIRST BANK/HAMILTON NJ | Equity |  | 108208 |
| FIRST BUSEY CORP | Equity |  | 442898 |
| FIRST BUSINESS FIN SVCS INC | Equity |  | 155135 |
| FIRST COMMONWEALTH FINL CORP | Equity |  | 573712 |
| FIRST COMMUNITY BANKSHARES INC | Equity |  | 217289 |
| FIRST COMMUNITY CORP SC | Equity |  | 58707 |
| FIRST FINANCIAL BANCORP | Equity |  | 785653 |
| FIRST FINANCIAL CORPORATION | Equity |  | 252072 |
| FIRST FINL BANKSHARES INC | Equity |  | 102872 |
| FIRST FOUNDATION INC/OLD | Equity |  | 75651 |
| FIRST HAWAIIAN INC | Equity |  | 923577 |
| FIRST HORIZON CORP | Equity |  | 3414330 |
| FIRST INTERNET BANCORP | Equity |  | 74840 |
| FIRST INTST BANCSYST INC CL A | Equity |  | 970219 |
| FIRST MERCHANTS CORP | Equity |  | 665682 |
| FIRST MID BANCSHARES INC | Equity |  | 262587 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| FIRST NORTHWEST BANCORP | Equity |  | 8161 |
| FIRST SOURCE CORP | Equity |  | 441367 |
| FIRST UNITED CORP | Equity |  | 65483 |
| FIRST VIRGINIA COMMUNITY BANK | Equity |  | 24148 |
| FIRST WATCH RESTAURANT GROUP INC | Equity |  | 228206 |
| FIRST WESTERN FINANCIAL INC | Equity |  | 69063 |
| FIRSTCASH HOLDINGS INC | Equity |  | 11635 |
| FIRSTSUN CAPITAL BANCORP | Equity |  | 100598 |
| FIVE STAR BANCORP | Equity |  | 64726 |
| FLEXIBLE SOLUTIONS INTL INC | Equity |  | 16012 |
| FLEXSTEEL IND | Equity |  | 82732 |
| FLOOR & DECOR HOLDINGS INC | Equity |  | 843387 |
| FLOWERS FOODS INC | Equity |  | 279224 |
| FLOWSERVE CORP | Equity |  | 494055 |
| FLOWSERVE CORP | Equity |  | 4532595 |
| FLUSHING FINANCIAL CORP | Equity |  | 55719 |
| FLYWIRE CORP | Equity |  | 36420 |
| FNB CORP PA | Equity |  | 1792439 |
| FONAR CORP | Equity |  | 28174 |
| FORESTAR GROUP INC | Equity |  | 368366 |
| FORRESTER RESEARCH INC | Equity |  | 26163 |
| FORTITUDE GOLD CORP | Equity |  | 9222 |
| FORTUNE BRANDS INNOVATIONS INC | Equity |  | 1772809 |
| FORUM ENERGY TECHNOLOGIES INC | Equity |  | 113584 |
| FOSTER L B CO CL A | Equity |  | 99365 |
| FOX FACTORY HOLDING CORP | Equity |  | 38018 |
| FRANKLIN RESOURCES INC | Equity |  | 2556923 |
| FRESH DEL MONTE PRODUCE INC | Equity |  | 594807 |
| FRESHPET INC | Equity |  | 13161 |
| FRIEDMAN INDS INC | Equity |  | 41041 |
| FRONTIER COMMUNICATIONS PARENT INC | Equity |  | 1915111 |
| FRP HOLDINGS INC | Equity |  | 157798 |
| FS BANCORP INC | Equity |  | 112229 |
| FTAI INFRASTRUCTURE INC | Equity |  | 39651 |
| FTI CONSULTING INC | Equity |  | 682637 |
| FULCRUM THERAPEUTICS INC | Equity |  | 50974 |
| FULGENT GENETICS INC | Equity |  | 124966 |
| FULLER H B CO | Equity |  | 681471 |
| FULLER H B CO | Equity |  | 2186463 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| FULTON FINANCIAL CORP | Equity |  | 1105096 |
| FUNKO INC A | Equity |  | 39457 |
| FUTUREFUEL CORP | Equity |  | 25070 |
| GAIA INC CL A | Equity |  | 8923 |
| GAMBLING.COM GROUP LTD | Equity |  | 27677 |
| GAP INC | Equity |  | 2435533 |
| GATES INDUSTRIAL CORP PLC | Equity |  | 731268 |
| GATX CORP | Equity |  | 865978 |
| GCI LIBERTY INC. - CL C | Equity |  | 324434 |
| GCI LIBERTY INC. A | Equity |  | 38382 |
| GCM GROSVENOR INC - CLASS A | Equity |  | 2633089 |
| GENCO SHIPPING & TRADING LTD | Equity |  | 283214 |
| GENCOR INDUSTRIES INC | Equity |  | 44906 |
| GENERAC HOLDINGS INC | Equity |  | 474022 |
| GENERAC HOLDINGS INC | Equity |  | 3930047 |
| GENESCO INC | Equity |  | 103811 |
| GENIE ENERGY LTD B | Equity |  | 28221 |
| GENPACT LTD | Equity |  | 1125667 |
| GENTEX CORP | Equity |  | 604555 |
| GENTEX CORP | Equity |  | 3338687 |
| GENTHERM INC | Equity |  | 275103 |
| GENWORTH FINANCIAL INC | Equity |  | 1147352 |
| GEOSPACE TECHNOLOGIES CORP | Equity |  | 66676 |
| GERMAN AMERICAN BANCORP INC | Equity |  | 236490 |
| GIBRALTAR INDUSTRIES INC | Equity |  | 437050 |
| G-III APPAREL GROUP LTD | Equity |  | 453919 |
| GLACIER BANCORP INC | Equity |  | 190913 |
| GLOBAL BUSINESS TRAVEL GROUP INC | Equity |  | 81036 |
| GLOBAL INDUSTRIAL CO | Equity |  | 50492 |
| GLOBANT SA | Equity |  | 11832 |
| GLOBE LIFE INC | Equity |  | 2031467 |
| GLOBUS MEDICAL INC | Equity |  | 831628 |
| GOHEALTH INC | Equity |  | 1662 |
| GOLD.COM INC | Equity |  | 266441 |
| GOLDEN ENTERTAINMENT INC | Equity |  | 125917 |
| GOODRX HOLDINGS INC | Equity |  | 46504 |
| GOODYEAR TIRE & RUBBER CO | Equity |  | 756330 |
| GOPRO INC A | Equity |  | 33723 |
| GORMAN-RUPP CO | Equity |  | 316965 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| GRAHAM HOLDINGS CO | Equity |  | 860204 |
| GRANITE RIDGE RESOURCES INC | Equity |  | 169628 |
| GRAPHIC PACKAGING HOLDING CO | Equity |  | 1449179 |
| GRAY MEDIA INC | Equity |  | 155509 |
| GREAT LAKES DREDGE & DOCK CORP | Equity |  | 310222 |
| GREAT SOUTHERN BANCORP INC | Equity |  | 266986 |
| GREEN BRICK PARTNERS INC | Equity |  | 592701 |
| GREEN DOT CORP CLASS-A | Equity |  | 202052 |
| GREEN PLAINS INC | Equity |  | 91454 |
| GREENBRIER COMPANIES INC | Equity |  | 521011 |
| GREENLIGHT CAPITAL RE LTD A | Equity |  | 149620 |
| GREIF INC CL A | Equity |  | 531107 |
| GREIF INC CL B | Equity |  | 284644 |
| GRID DYNAMICS HOLDINGS INC | Equity |  | 65242 |
| GROCERY OUTLET HOLDING CORP | Equity |  | 290648 |
| GROUP 1 AUTOMOTIVE INC | Equity |  | 1250301 |
| GROWGENERATION CORP | Equity |  | 15635 |
| GUESS INC | Equity |  | 322873 |
| GULF ISLAND FABRICATION INC | Equity |  | 22659 |
| GULFPORT ENERGY CORP | Equity |  | 435531 |
| GXO LOGISTICS INC | Equity |  | 746646 |
| HAIN CELESTIAL GROUP INC | Equity |  | 22905 |
| HAMILTON BEACH BRANDS HOLDING CO CLASS A | Equity |  | 41421 |
| HAMILTON INSURANCE GROUP LTD | Equity |  | 226994 |
| HANCOCK WHITNEY CORP | Equity |  | 1626706 |
| HANMI FINANCIAL CORPORATION | Equity |  | 276084 |
| HANOVER INSURANCE GROUP INC | Equity |  | 553428 |
| HANOVER INSURANCE GROUP INC | Equity |  | 3809658 |
| HARLEY-DAVIDSON INC | Equity |  | 711700 |
| HARMONIC INC | Equity |  | 118947 |
| HARMONY BIOSCIENCES HOLDINGS INC | Equity |  | 266655 |
| HAVERTY FURNITURE COS INC | Equity |  | 149551 |
| HAYWARD HOLDINGS INC | Equity |  | 650692 |
| HBT FINANCIAL INC | Equity |  | 99962 |
| HEALTH CATALYST INC | Equity |  | 38240 |
| HEALTHCARE SERVICES GROUP INC | Equity |  | 314505 |
| HEALTHSTREAM INC | Equity |  | 206338 |
| HEARTLAND EXPRESS INC | Equity |  | 222066 |
| HECLA MINING CO | Equity |  | 2529165 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| HELEN OF TROY LTD | Equity |  | 124440 |
| HELIOS TECHNOLOGIES INC | Equity |  | 469000 |
| HELIX ENERGY SOL GRP INC | Equity |  | 319927 |
| HELMERICH & PAYNE INC | Equity |  | 871643 |
| HENRY SCHEIN INC | Equity |  | 796160 |
| HERC HOLDINGS INC | Equity |  | 696051 |
| HERITAGE COMMERCE CORP | Equity |  | 254888 |
| HERITAGE FINANCIAL CORP WASH | Equity |  | 253930 |
| HERITAGE INSURANCE HOLDINGS INC | Equity |  | 264481 |
| HEXCEL CORPORATION | Equity |  | 96735 |
| HF SINCLAIR CORP | Equity |  | 2332293 |
| HILLENBRAND INC | Equity |  | 16209 |
| HILLMAN SOLUTIONS CORP | Equity |  | 435494 |
| HILLTOP HLDGS I | Equity |  | 525866 |
| HILTON GRAND VACATIONS INC | Equity |  | 958769 |
| HINGHAM INSTITUTION FOR SAVING | Equity |  | 172932 |
| HNI CORP | Equity |  | 645650 |
| HOLLEY INC | Equity |  | 40870 |
| HOME BANCORP INC | Equity |  | 173342 |
| HOME BANCSHARES INC | Equity |  | 783896 |
| HOMETRUST BANCSHARES INC | Equity |  | 219466 |
| HONEST CO INC (THE) | Equity |  | 12905 |
| HOOKER FURNISHINGS CORP | Equity |  | 3805 |
| HOPE BANCORP INC | Equity |  | 403175 |
| HORACE MANN EDUCATORS CORP | Equity |  | 602372 |
| HORIZON BANCORP INC INDIANA | Equity |  | 225517 |
| HORMEL FOODS CORP | Equity |  | 1188223 |
| HOVNANIAN ENTERPRISES INC CL A | Equity |  | 152650 |
| HOWARD HUGHES HOLDINGS INC | Equity |  | 1190089 |
| HUB GROUP INC CL A | Equity |  | 759268 |
| HUDSON TECHNOLOGIES INC | Equity |  | 95996 |
| HUNTINGTON INGALLS INDUSTRIES INC | Equity |  | 857657 |
| HUNTSMAN CORP | Equity |  | 297970 |
| HURCO INC | Equity |  | 17922 |
| HYSTER-YALE INC | Equity |  | 126119 |
| IBEX LTD | Equity |  | 94266 |
| ICF INTERNATIONAL INC | Equity |  | 361075 |
| ICF INTERNATIONAL INC | Equity |  | 2543817 |
| ICHOR HOLDINGS LTD | Equity |  | 174256 |

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#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ICON PLC | Equity |  | 949366 |
| ICU MEDICAL INC | Equity |  | 644012 |
| IDEX CORPORATION | Equity |  | 686848 |
| INDEPENDENT BANK CORP | Equity |  | 243845 |
| INDEPENDENT BANK CORP MASS | Equity |  | 756086 |
| INFORMATION SVCS GROUP INC | Equity |  | 75331 |
| INFUSYSTEM HOLDINGS INC | Equity |  | 33781 |
| INGLES MARKETS INC-CL A | Equity |  | 378465 |
| INGREDION INC | Equity |  | 1918414 |
| INNOSPEC INC | Equity |  | 535933 |
| INNOVEX INTERNATIONAL INC | Equity |  | 267754 |
| INNOVIVA INC | Equity |  | 497191 |
| INOGEN INC | Equity |  | 30475 |
| INOTIV INC | Equity |  | 1572 |
| INSIGHT ENTERPRISES INC | Equity |  | 225265 |
| INSTEEL INDUSTRIES INC | Equity |  | 215134 |
| INSTIL BIO INC | Equity |  | 17908 |
| INTEGER HOLDINGS CORP | Equity |  | 568382 |
| INTEGER HOLDINGS CORP | Equity |  | 1707735 |
| INTEGRA LIFESCIENCES HLDS CORP | Equity |  | 166204 |
| INTERFACE INC | Equity |  | 398670 |
| INTERNATIONAL BANCSHARES CORP | Equity |  | 1228808 |
| INTERNATIONAL MONEY EXPRESS INC | Equity |  | 38508 |
| INTERNATIONAL SEAWAYS INC | Equity |  | 810639 |
| INTERPARFUMS INC | Equity |  | 52255 |
| INTEST CORP | Equity |  | 39008 |
| INTREPID POTASH INC | Equity |  | 130081 |
| INVESCO LTD\*\* | Equity |  | 3255720 |
| INVESTAR HOLDING CORP | Equity |  | 69071 |
| INVESTORS TITLE CO | Equity |  | 139549 |
| IPG PHOTONICS CORP | Equity |  | 647049 |
| ITRON INC | Equity |  | 352682 |
| J JILL INC | Equity |  | 25300 |
| J&J SNACKS FOOD CORP | Equity |  | 189144 |
| JACKSON FINANCIAL INC | Equity |  | 2504035 |
| JAKKS PACIFIC INC | Equity |  | 54641 |
| JAMES RIVER GROUP HOLDINGS INC | Equity |  | 36074 |
| JANUS HENDERSON GROUP PLC | Equity |  | 1897805 |
| JANUS HENDERSON GROUP PLC | Equity |  | 2053169 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| JANUS INTERNATIONAL GROUP INC | Equity |  | 129773 |
| JAZZ PHARMA PLC | Equity |  | 1333990 |
| JBT MAREL CORP | Equity |  | 2334933 |
| JELD-WEN HOLDING INC | Equity |  | 49222 |
| JM SMUCKER CO/THE | Equity |  | 2394682 |
| JM SMUCKER CO/THE | Equity |  | 4634336 |
| JOHNSON OUTDOORS INC CL A | Equity |  | 62274 |
| JONES LANG LASALLE INC | Equity |  | 1625487 |
| JONES LANG LASALLE INC | Equity |  | 5799060 |
| KAISER ALUM CORP | Equity |  | 437961 |
| KB HOME | Equity |  | 991237 |
| KEARNY FINANCIAL CORP | Equity |  | 173587 |
| KELLY SERVICES INC CL A | Equity |  | 84471 |
| KEMPER CORP | Equity |  | 548425 |
| KENNAMETAL INC | Equity |  | 739683 |
| KENNAMETAL INC | Equity |  | 2054526 |
| KENNEDY-WILSON HOLDINGS INC | Equity |  | 368301 |
| KESTREL GROUP | Equity |  | 4567 |
| KEWAUNEE SCIENTIFIC CORP | Equity |  | 27646 |
| KIMBALL ELECTRONICS INC | Equity |  | 272163 |
| KIRBY CORP | Equity |  | 747461 |
| KNIFE RIVER HOLDING CO W/I | Equity |  | 27085 |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | Equity |  | 2465263 |
| KNOWLES CORP | Equity |  | 596847 |
| KODIAK GAS SERVICES INC | Equity |  | 569116 |
| KOHLS CORP | Equity |  | 755537 |
| KOPPERS HLDGS INC | Equity |  | 195382 |
| KORN FERRY | Equity |  | 1005485 |
| KOSMOS ENERGY LTD | Equity |  | 62666 |
| KRISPY KREME INC | Equity |  | 116773 |
| KRONOS WORLDWIDE INC | Equity |  | 90455 |
| KULICKE & SOFFA INDUSTRIES INC | Equity |  | 325435 |
| KVH INDUSTRIES INC | Equity |  | 28354 |
| LA Z BOY INC | Equity |  | 543657 |
| LA Z BOY INC | Equity |  | 3459513 |
| LABCORP HOLDINGS INC | Equity |  | 3203988 |
| LAKELAND FINANCIAL CORP | Equity |  | 49928 |
| LAKELAND INDUSTRIES INC | Equity |  | 23629 |
| LANDMARK BANCORP INC | Equity |  | 12126 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| LANDS END INC | Equity |  | 136110 |
| LANTHEUS HLDGS INC | Equity |  | 193394 |
| LANTHEUS HLDGS INC | Equity |  | 1653435 |
| LANTRONIX INC | Equity |  | 43868 |
| LATHAM GROUP INC | Equity |  | 81197 |
| LAZARD INC | Equity |  | 5399338 |
| LCI INDUSTRIES | Equity |  | 823413 |
| LCNB CORPORATION | Equity |  | 60545 |
| LEAR CORP NEW | Equity |  | 1774123 |
| LEGACY HOUSING CORP | Equity |  | 131174 |
| LEGGETT & PLATT INC | Equity |  | 73084 |
| LENDINGCLUB CORP | Equity |  | 633827 |
| LGI HOMES INC | Equity |  | 322973 |
| LIBERTY ENERGY INC CL A | Equity |  | 996489 |
| LIBERTY GLOBAL LTD C | Equity |  | 372192 |
| LIBERTY GLOBAL LTD CL A | Equity |  | 406543 |
| LIBERTY LATIN AMERICA LTD CL A | Equity |  | 117072 |
| LIBERTY LATIN AMERICA LTD CL C | Equity |  | 397812 |
| LIBERTY LIVE HOLDINGS INC A | Equity |  | 46863 |
| LIBERTY LIVE HOLDINGS INC C | Equity |  | 35426 |
| LIFE TIME GROUP HOLDINGS INC | Equity |  | 686827 |
| LIFESTANCE HEALTH GROUP INC | Equity |  | 187215 |
| LIFETIME BRANDS INC | Equity |  | 21208 |
| LIMONEIRA CO | Equity |  | 39554 |
| LINCOLN EDUCATIONAL SERVICES | Equity |  | 82955 |
| LINCOLN NATIONAL CORP | Equity |  | 887706 |
| LINDSAY CORP | Equity |  | 99718 |
| LIONSGATE STUDIOS CORP | Equity |  | 94496 |
| LITHIA MOTORS INC CL A | Equity |  | 2535013 |
| LITTELFUSE INC | Equity |  | 223581 |
| LITTELFUSE INC | Equity |  | 3738158 |
| LIVANOVA PLC | Equity |  | 519744 |
| LIVE OAK BANCSHARES INC | Equity |  | 276552 |
| LIVERAMP HOLDINGS INC | Equity |  | 411767 |
| LKQ CORP | Equity |  | 1094025 |
| LOUISIANA PACIFIC CORP | Equity |  | 81487 |
| LOVESAC | Equity |  | 59974 |
| LSB INDUSTRIES INC | Equity |  | 154785 |
| LSI INDUSTRIES INC | Equity |  | 202161 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| LUXFER HOLDINGS PLC | Equity |  | 107969 |
| LYONDELLBASELL INDS CLASS A | Equity |  |  |
| M/I HOMES INC | Equity |  | 955275 |
| MACYS INC | Equity |  | 1812422 |
| MADISON SQUARE GARDEN ENTERTAINMENT CORP | Equity |  | 7962733 |
| MADISON SQUARE GARDEN SPORTS CORP | Equity |  | 4639405 |
| MAGNACHIP SEMICONDUCTOR | Equity |  | 30580 |
| MAGNOLIA OIL & GAS CORPO CL A | Equity |  | 1004773 |
| MAGNOLIA OIL & GAS CORPO CL A | Equity |  | 2883635 |
| MAINSTREET BANCSHARES INC | Equity |  | 23190 |
| MALIBU BOATS INC CL A | Equity |  | 174620 |
| MANCHESTER UNITED PLC | Equity |  | 2780380 |
| MANITOWOC CO INC | Equity |  | 171589 |
| MANNATECH INC | Equity |  | 1229 |
| MANPOWERGROUP INC | Equity |  | 310679 |
| MAPLEBEAR INC | Equity |  | 603002 |
| MARCUS &MILLICHAP CO INC | Equity |  | 227653 |
| MARCUS CORP | Equity |  | 157969 |
| MARINE PRODS CORP | Equity |  | 32596 |
| MARINEMAX INC | Equity |  | 40828 |
| MARRIOTT VACATIONS WORLD | Equity |  | 590284 |
| MARTEN TRANSPORT LTD | Equity |  | 266520 |
| MASCO CORPORATION | Equity |  | 1901706 |
| MASTERBRAND INC | Equity |  | 376387 |
| MASTERCRAFT BOAT HOLDINGS INC | Equity |  | 62989 |
| MATADOR RESOURCES COMPANY | Equity |  | 1529835 |
| MATADOR RESOURCES COMPANY | Equity |  | 2484735 |
| MATERION CORP | Equity |  | 755741 |
| MATIV INC | Equity |  | 222746 |
| MATSON INC | Equity |  | 1181756 |
| MATTEL INC | Equity |  | 1384276 |
| MATTEL INC | Equity |  | 4574767 |
| MATTHEWS INTL CORP CL A | Equity |  | 290063 |
| MAXCYTE INC | Equity |  | 13452 |
| MAXIMUS INC | Equity |  | 830312 |
| MAYVILLE ENGINEERING CO INC | Equity |  | 106180 |
| MCGRATH RENTCORP | Equity |  | 597366 |
| MDU RESOURCES GROUP INC | Equity |  | 974497 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| MECHANICS BANCORP | Equity |  | 87312 |
| MEDIFAST INC | Equity |  | 18722 |
| MERCANTILE BANK CORP | Equity |  | 269889 |
| MERCER INTERNATIONAL INC | Equity |  | 50595 |
| MERCHANTS BANCORP | Equity |  | 276772 |
| MERCURY GENERAL CORP | Equity |  | 1418049 |
| MERCURY SYSTEMS INC | Equity |  | 30883 |
| MERIDIAN CORP | Equity |  | 58243 |
| MERITAGE HOMES CORP | Equity |  | 916989 |
| MESA LABORATORIES INC | Equity |  | 45216 |
| METALLUS INC | Equity |  | 243569 |
| METHODE ELECTRONICS INC | Equity |  | 65404 |
| METROCITY BANKSHARES INC | Equity |  | 87343 |
| METROPOLITAN BANK HOLDING CORP | Equity |  | 231524 |
| MGIC INVESTMENT CORP | Equity |  | 2161812 |
| MGP INGREDIENTS INC | Equity |  | 40581 |
| MID PENN BANCORP INC | Equity |  | 142785 |
| MIDDLEBY CORP | Equity |  | 594680 |
| MIDDLEBY CORP | Equity |  | 3785882 |
| MIDLAND STATES BANCORP INC | Equity |  | 110380 |
| MIDWESTONE FINANCIAL GRP INC | Equity |  | 44160 |
| MILLER INDUSTRIES INC TENN | Equity |  | 168950 |
| MILLERKNOLL INC | Equity |  | 360847 |
| MINERALS TECHNOLOGIES INC | Equity |  | 610902 |
| MIRION TECHNOLOGIES INC-A | Equity |  | 27565 |
| MISSION PRODUCE INC | Equity |  | 235909 |
| MISTER CAR WASH INC | Equity |  | 166705 |
| MISTRAS GROUP INC | Equity |  | 120555 |
| MITEK SYSTEMS INC | Equity |  | 99634 |
| MKS INC | Equity |  | 160439 |
| MOBILEYE GLOBAL INC A | Equity |  | 38304 |
| MOHAWK INDUSTRIES INC | Equity |  | 1975160 |
| MOHAWK INDUSTRIES INC | Equity |  | 4546115 |
| MOLINA HEALTHCARE INC | Equity |  | 1474916 |
| MOLSON COORS BEVERAGE CO B | Equity |  | 2564272 |
| MONARCH CASINO & RESORT INC | Equity |  | 86321 |
| MONRO INC | Equity |  | 174168 |
| MONTAUK RENEWABLES INC | Equity |  | 18213 |
| MONTROSE ENVIRONMENTAL GROUP INC | Equity |  | 55818 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| MOSAIC CO NEW | Equity |  | 2051842 |
| MOTORCAR PARTS OF AMERICA INC | Equity |  | 106099 |
| MOVADO GROUP INC | Equity |  | 131947 |
| MSC INDUSTRIAL DIRECT CO CL A | Equity |  | 341614 |
| MUELLER INDUSTRIES INC | Equity |  | 1233411 |
| MURPHY OIL CORP | Equity |  | 1291750 |
| MURPHY USA INC | Equity |  | 3400867 |
| MVB FINANCIAL CORP | Equity |  | 93892 |
| MYERS INDUSTRIES | Equity |  | 197365 |
| N-ABLE INC | Equity |  | 145202 |
| NABORS INDUSTRIES LTD | Equity |  | 109577 |
| NACCO INDUSTRIES INC CL A | Equity |  | 104897 |
| NATIONAL BANKSHARES INC VA | Equity |  | 53212 |
| NATIONAL BK HLDGS CORP | Equity |  | 403780 |
| NATIONAL CINEMEDIA INC | Equity |  | 76341 |
| NATIONAL ENERGY SERVICES REUNITED CORP | Equity |  | 273925 |
| NATIONAL HEALTHCARE CORP | Equity |  | 667902 |
| NATIONAL PRESTO INDS | Equity |  | 261562 |
| NATIONAL VISION HOLDINGS INC | Equity |  | 598740 |
| NATURAL GAS SERVICES GROUP | Equity |  | 163034 |
| NATURES SUNSHINE PRODUCTS INC | Equity |  | 141889 |
| NAVIENT CORP | Equity |  | 324636 |
| NB BANCORP INC | Equity |  | 19146 |
| NBT BANCORP INC | Equity |  | 614288 |
| NCINO INC | Equity |  | 105098 |
| NCR VOYIX CORP | Equity |  | 218627 |
| NELNET INC CL A | Equity |  | 1194114 |
| NEOGEN CORP | Equity |  | 367499 |
| NERDWALLET INC A | Equity |  | 84606 |
| NETGEAR INC | Equity |  | 193762 |
| NETSCOUT SYSTEMS INC | Equity |  | 673118 |
| NETSTREIT CORP | Equity |  | 2241956 |
| NETWORK-1 TECHNOLOGIES INC | Equity |  |  |
| NEW JERSEY RESOURCES CORP | Equity |  | 751249 |
| NEWELL BRANDS INC | Equity |  | 450622 |
| NEWMARK GROUP INC CL A | Equity |  | 297156 |
| NEXA RESOURCES SA | Equity |  | 83579 |
| NEXSTAR MEDIA GROUP INC | Equity |  | 1768972 |
| NICOLET BANKSHARES INC | Equity |  | 503516 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| NL INDUSTRIES | Equity |  | 20305 |
| NMI HOLDINGS INC | Equity |  | 1092234 |
| NOBLE CORP PLC | Equity |  | 805235 |
| NORDIC AMERICAN TANKER LTD | Equity |  | 230924 |
| NORTHEAST BANK | Equity |  | 295369 |
| NORTHEAST COMMUNITY BANCORP INC | Equity |  | 79994 |
| NORTHERN OIL AND GAS INC | Equity |  | 619002 |
| NORTHERN TRUST CORP | Equity |  | 5637069 |
| NORTHFIELD BANCORP INC NEW | Equity |  | 182663 |
| NORTHRIM BANCORP INC | Equity |  | 175307 |
| NORTHWEST BANCSHARES INC | Equity |  | 423492 |
| NORWEGIAN CRUISE LINE HLDGS LTD | Equity |  | 6453248 |
| NORWOOD FINANCIAL CORP | Equity |  | 32538 |
| NOV INC | Equity |  | 1663079 |
| NPK INTERNATIONAL INC | Equity |  | 346348 |
| NU SKIN ENTERPRISES INC CL A | Equity |  | 128562 |
| NWPX INFRASTRUCTURE INC | Equity |  | 250960 |
| OAK VALLEY BANCORP | Equity |  | 43467 |
| OCEANEERING INTERNATIONAL INC | Equity |  | 404881 |
| OCEANFIRST FINANCIAL CORP | Equity |  | 345591 |
| OCTAVE SPECIALTY GROUP INC | Equity |  | 88303 |
| OFG BANCORP | Equity |  | 658590 |
| O-I GLASS INC | Equity |  | 630724 |
| OIL STATES INTERNATIONAL INC | Equity |  | 131446 |
| OIL-DRI CORP OF AMERICA | Equity |  | 162677 |
| OLD NATIONAL BANCORP (IND) | Equity |  | 2059124 |
| OLD NATIONAL BANCORP (IND) | Equity |  | 3703460 |
| OLD REPUBLIC INTL CORP | Equity |  | 1460799 |
| OLD SECOND BANCORP | Equity |  | 263094 |
| OLIN CORP | Equity |  | 589343 |
| OLYMPIC STEEL INC | Equity |  | 211743 |
| OMNIAB INC | Equity |  | 67632 |
| OMNIAB INC - 12.5 EARNOUT | Equity |  | 321 |
| OMNIAB INC - 15.00 EARNOUT | Equity |  | 246 |
| OMNICELL INC | Equity |  | 439818 |
| OMNICOM GROUP INC | Equity |  | 1401093 |
| OMNICOM GROUP INC | Equity |  | 3035796 |
| ON24 INC | Equity |  | 86804 |
| ONEMAIN HOLDINGS INC | Equity |  | 2114518 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ONESPAN INC | Equity |  | 51360 |
| ONESPAWORLD HOLDINGS LTD | Equity |  | 5969802 |
| ONEWATER MARINE CL A | Equity |  | 42036 |
| ONITY GROUP INC | Equity |  | 113651 |
| OP BANCORP | Equity |  | 60730 |
| OPENLANE INC | Equity |  | 999149 |
| OPKO HEALTH INC | Equity |  | 33078 |
| OPORTUN FIN CORP | Equity |  | 50340 |
| OPPENHEIMER HLDGS CL A NON-VTG | Equity |  | 217087 |
| OPTIMIZERX CORP | Equity |  | 36633 |
| ORANGE COUNTY BANCORP INC | Equity |  | 15931 |
| ORASURE TECHNOLOGIES INC | Equity |  | 54779 |
| ORGANOGENESIS HOLDINGS INC CL A | Equity |  | 42523 |
| ORGANON & CO | Equity |  | 42346 |
| ORIGIN BANCORP INC | Equity |  | 290725 |
| ORION GROUP HOLDINGS INC | Equity |  | 108058 |
| ORION SA | Equity |  | 83699 |
| ORMAT TECHNOLOGIES INC | Equity |  | 712752 |
| ORRSTOWN FINANCIAL SERVICES | Equity |  | 171539 |
| ORTHOFIX MEDICAL INC | Equity |  | 89262 |
| ORTHOPEDIATRICS CORP | Equity |  | 63599 |
| OSHKOSH CORP | Equity |  | 1410574 |
| OVINTIV INC | Equity |  | 2675266 |
| OWENS AND MINOR INC | Equity |  | 26989 |
| OWENS CORNING INC | Equity |  | 1901463 |
| OXFORD INDUSTRIES | Equity |  | 152600 |
| PACIRA BIOSCIENCES INC | Equity |  | 117340 |
| PAMT CORP | Equity |  | 51304 |
| PANGAEA LOGISTICS SOLUTIONS LTD | Equity |  | 132502 |
| PAR PACIFIC HOLDINGS INC | Equity |  | 407729 |
| PARAMOUNT SKYDANCE CORP | Equity |  | 176867 |
| PARAMOUNT SKYDANCE CORP | Equity |  | 1466402 |
| PARK AEROSPACE CORP | Equity |  | 127635 |
| PARK NATIONAL CORP | Equity |  | 561088 |
| PARK OHIO HLDGS CORP | Equity |  | 96366 |
| PARKE BANCORP INC | Equity |  | 93750 |
| PATHWARD FINANCIAL INC | Equity |  | 474280 |
| PATRICK INDUSTRIES INC | Equity |  | 1151743 |
| PATRICK INDUSTRIES INC | Equity |  | 2284078 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| PATTERSON-UTI ENERGY INC | Equity |  | 769836 |
| PAYSAFE LTD | Equity |  | 139294 |
| PBF ENERGY INC CL A | Equity |  | 30510 |
| PC CONNECTION INC | Equity |  | 499508 |
| PCB BANCORP | Equity |  | 100543 |
| PDL BIOPHARMA INC | Equity |  | 1 |
| PEABODY ENERGY CORP | Equity |  | 772764 |
| PEAPACK GLADSTONE FINL CORP | Equity |  | 176346 |
| PEDIATRIX MEDICAL GROUP INC | Equity |  | 446238 |
| PENGUIN SOLUTIONS INC | Equity |  | 282935 |
| PENN ENTERTAINMENT INC | Equity |  | 76936 |
| PENNANT GROUP INC | Equity |  | 192968 |
| PENNYMAC FINANCIAL SERVICES INC | Equity |  | 1548593 |
| PENSKE AUTOMOTIVE GROUP INC | Equity |  | 1256506 |
| PEOPLES BANCORP INC | Equity |  | 354444 |
| PEOPLES BANCORP OF NC | Equity |  | 12670 |
| PEOPLES FINANCIAL SERV CORP | Equity |  | 139213 |
| PERDOCEO EDUCATION CORP | Equity |  | 692657 |
| PERFORMANCE FOOD GROUP CO | Equity |  | 808111 |
| PERIMETER SOLUTIONS INC | Equity |  | 509993 |
| PERMA PIPE INTERNATIONL HOLDINGS INC | Equity |  | 50580 |
| PERMIAN RESOURCES CORP CL A | Equity |  | 2885957 |
| PERRIGO CO PLC | Equity |  | 558192 |
| PERSONALIS INC | Equity |  | 17456 |
| PETCO HEALTH AND WELLNESS CO INC | Equity |  | 154553 |
| PETMED EXPRESS INC | Equity |  | 12093 |
| PHINIA INC | Equity |  | 836285 |
| PHOTRONIC INC | Equity |  | 666880 |
| PILGRIM'S PRIDE CORP NEW | Equity |  | 1128176 |
| PINNACLE FINL PARTNERS INC | Equity |  | 1245291 |
| PLEXUS CORP | Equity |  | 1274343 |
| PLEXUS CORP | Equity |  | 4356345 |
| PLIANT THERAPEUTICS INC | Equity |  | 12224 |
| POLARIS INC | Equity |  | 426495 |
| PONCE FINANCIAL GROUP INC | Equity |  | 116690 |
| POPULAR INC | Equity |  | 1947119 |
| PORTILLO'S INC. | Equity |  | 86873 |
| POST HOLDINGS INC | Equity |  | 951375 |
| POWERFLEET INC | Equity |  | 94148 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| PRA GROUP INC | Equity |  | 169665 |
| PREFERRED BANK LOS ANGELES | Equity |  | 357134 |
| PREFORMED LINE PRODUCTS CO | Equity |  | 373112 |
| PRESTIGE CONSUMER HEALTHCARE INC | Equity |  | 715851 |
| PRESTIGE CONSUMER HEALTHCARE INC | Equity |  | 5347598 |
| PRICESMART INC | Equity |  | 1058887 |
| PRIMEENERGY RESOURCES CORP | Equity |  | 92682 |
| PRIMIS FINANCIAL CORP | Equity |  | 64890 |
| PRIMO BRANDS CORP A | Equity |  | 1821063 |
| PRINCETON BANCORP INC | Equity |  | 39338 |
| PROASSURANCE CORPORATION | Equity |  | 371267 |
| PROG HOLDINGS INC | Equity |  | 89414 |
| PROPETRO HOLDING CORP | Equity |  | 375474 |
| PROSPERITY BANCSHARES INC | Equity |  | 1823329 |
| PROTECH HOME MEDICAL CORP | Equity |  | 17177 |
| PROTO LABS INC | Equity |  | 391465 |
| PROVIDENT FINANCIAL HLDGS INC | Equity |  | 18535 |
| PROVIDENT FINANCIAL SVCS INC | Equity |  | 764898 |
| PUBMATIC INC CL A | Equity |  | 99521 |
| PUMA BIOTECHNOLOGY INC | Equity |  | 67277 |
| PURSUIT ATTRACTIONS AND HOSPITALITY INC | Equity |  | 59984 |
| PVH CORP | Equity |  | 1179954 |
| PYXIS ONCOLOGY INC | Equity |  | 6057 |
| QCR HOLDINGS INC | Equity |  | 477309 |
| QORVO INC | Equity |  | 308123 |
| QUAKER HOUGHTON | Equity |  | 447356 |
| QUANEX BUILDING PRODUCTS | Equity |  | 58629 |
| QUANTERIX CORP | Equity |  | 34172 |
| QUEST RESOURCE HOLDING CORP | Equity |  | 5597 |
| QUIDELORTHO CORP | Equity |  | 479722 |
| RADIAN GROUP INC | Equity |  | 1123860 |
| RADIANT LOGISTICS INC | Equity |  | 124334 |
| RAMACO RESOURCES INC | Equity |  | 25938 |
| RANGE RESOURCES CORP | Equity |  | 1448939 |
| RANGER ENERGY SERVICES INC CL A | Equity |  | 92687 |
| RANPAK HOLDINGS CORP A | Equity |  | 34884 |
| RAYONIER ADVANCED MATERIALS | Equity |  | 115609 |
| RBB BANCORP | Equity |  | 120496 |
| RCI HOSPITALITY HOLDINGS INC | Equity |  | 50684 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| RE/MAX HOLDINGS INC CL A | Equity |  | 67263 |
| RED RIVER BANCSHARES INC | Equity |  | 59358 |
| REGAL REXNORD CORP | Equity |  | 2214250 |
| REGENXBIO INC | Equity |  | 5155 |
| REGIONAL MANAGEMENT CORP | Equity |  | 140740 |
| REINSURANCE GROUP OF AMERICA | Equity |  | 1729410 |
| RELIANCE INC | Equity |  | 560119 |
| RENAISSANCERE HLDGS LTD | Equity |  | 2373834 |
| RENASANT CORP | Equity |  | 717044 |
| REPAY HOLDINGS CORP | Equity |  | 91506 |
| REPUBLIC BANCORP INC KY CL A | Equity |  | 326737 |
| RESIDEO TECHNOLOGIES INC | Equity |  | 1602280 |
| RESIDEO TECHNOLOGIES INC | Equity |  | 4787067 |
| RESOURCES CONNECTION INC | Equity |  | 37155 |
| REVVITY INC | Equity |  | 1752723 |
| REX AMERICAN RESOURCES CORP | Equity |  | 418479 |
| REYNOLDS CONSUMER PRODUCTS INC | Equity |  | 699908 |
| RF INDUSTRIES LTD | Equity |  | 1220 |
| RIBBON COMMUNICATIONS INC | Equity |  | 128802 |
| RICHARDSON ELECTRONICS LTD | Equity |  | 11576 |
| RICHMOND MUTUAL BANCORPORATION INC | Equity |  | 9505 |
| RILEY EXPLORATION PERMIAN INC | Equity |  | 153912 |
| RIVERVIEW BANCORP INC | Equity |  | 38433 |
| RLI CORP | Equity |  | 257903 |
| RMR GROUP INC W/I CL A | Equity |  | 36907 |
| ROBERT HALF INC | Equity |  | 177572 |
| ROCKY BRANDS INC | Equity |  | 96936 |
| ROGERS CORP | Equity |  | 130579 |
| RPC INC | Equity |  | 342149 |
| RUSH ENTERPRISES INC CL A | Equity |  | 1022055 |
| RUSH ENTERPRISES INC CL B | Equity |  | 279950 |
| RYDER SYSTEM INC | Equity |  | 2229885 |
| RYERSON HOLDING CORP | Equity |  | 267551 |
| S & T BANCORP | Equity |  | 475702 |
| SAFETY INSURANCE GROUP INC | Equity |  | 300109 |
| SAGA COMMUNICATIONS INC CL A | Equity |  | 1312 |
| SAIA INC | Equity |  | 859401 |
| SAIA INC | Equity |  | 2237968 |
| SALLY BEAUTY HLDGS INC | Equity |  | 421469 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SANDRIDGE ENERGY INC | Equity |  | 164242 |
| SANFILIPPO (JOHN B) & SON INC. | Equity |  | 117690 |
| SANMINA CORP | Equity |  | 1214967 |
| SCANSOURCE INC | Equity |  | 382046 |
| SCHNEIDER NATIONAL INC CL B | Equity |  | 711004 |
| SCHOLASTIC CORP | Equity |  | 302848 |
| SCIENCE APPLICATIONS INTERNATIONAL CORP | Equity |  | 640902 |
| SCORPIO TANKERS INC | Equity |  | 947980 |
| SCRIPPS (EW) CO CL A | Equity |  | 111660 |
| SEABOARD CORP | Equity |  | 1102315 |
| SEACOAST BANKING CORP FLORIDA | Equity |  | 534737 |
| SEACOR MARINE HOLDINGS INC | Equity |  | 49755 |
| SEADRILL LTD | Equity |  | 579446 |
| SEAPORT ENTERTAINMENT GROUP INC | Equity |  | 75383 |
| SECURITY NATL FINL CORP CL A | Equity |  | 13065 |
| SELECT MEDICAL HLDGS CORP | Equity |  | 437956 |
| SELECT WATER SOLUTIONS INC CL A | Equity |  | 349885 |
| SELECTIVE INSURANCE GROUP INC | Equity |  | 199469 |
| SELECTQUOTE INC | Equity |  | 39161 |
| SENECA FOODS CORP CL A | Equity |  | 247037 |
| SENSATA TECHNOLOGIES HOLDING PLC | Equity |  | 1017908 |
| SERVICE CORP INTERNATIONAL INC | Equity |  | 2504786 |
| SERVISFIRST BANCSHARES INC | Equity |  | 73513 |
| SFL CORP LTD | Equity |  | 346780 |
| SHENANDOAH TELECOM CO | Equity |  | 182787 |
| SHOALS TECHNOLOGIES GROUP INC | Equity |  | 151666 |
| SHOE CARNIVAL | Equity |  | 185697 |
| SHORE BANCSHARES INC | Equity |  | 178568 |
| SHUTTERSTOCK INC | Equity |  | 58790 |
| SIERRA BANCORP | Equity |  | 177910 |
| SIGA TECHNOLOGIES INC | Equity |  | 69886 |
| SIGNET JEWELERS LTD | Equity |  | 976326 |
| SILGAN HOLDINGS INC | Equity |  | 1401929 |
| SILVERCREST ASSET MGMT GRP INC CL A | Equity |  | 24942 |
| SIMMONS 1ST NATL CORP CL A | Equity |  | 364371 |
| SIMPLY GOOD FOODS CO | Equity |  | 587701 |
| SIMPLY GOOD FOODS CO | Equity |  | 2212997 |
| SIMULATIONS PLUS INC | Equity |  | 46906 |
| SINCLAIR INC CL A | Equity |  | 121207 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SIRIUS XM HOLDINGS INC | Equity |  | 193692 |
| SIRIUSPOINT LTD | Equity |  | 811025 |
| SKILLSOFT CORP | Equity |  | 7068 |
| SKYWEST INC | Equity |  | 1501330 |
| SKYWORKS SOLUTIONS INC | Equity |  | 420408 |
| SLM CORP | Equity |  | 587662 |
| SM ENERGY CO | Equity |  | 678754 |
| SMART SAND INC | Equity |  | 7548 |
| SMARTFINANCIAL INC | Equity |  | 188057 |
| SMITH & WESSON BRANDS INC | Equity |  | 187737 |
| SOLARIS ENERGY INFRASTRUCTURE INC CL A | Equity |  | 35765 |
| SOLID POWER INC | Equity |  | 25003 |
| SOLSTICE ADVANCED MATERIALS INC | Equity |  | 325000 |
| SONIC AUTOMOTIVE INC CL A | Equity |  | 515851 |
| SONOCO PRODUCTS CO | Equity |  | 711245 |
| SOUTH PLAINS FINANCIAL INC | Equity |  | 144375 |
| SOUTHERN FIRST BANCSHARES INC | Equity |  | 139259 |
| SOUTHERN MISSOURI BANCORP INC | Equity |  | 200062 |
| SOUTHSIDE BANCSHARES INC | Equity |  | 245490 |
| SOUTHSTATE BANK CORP | Equity |  | 2631316 |
| SPECTRUM BRANDS HOLDINGS INC | Equity |  | 418759 |
| SPHERE ENTERTAINMENT CO | Equity |  | 8044338 |
| SPOK HOLDINGS INC | Equity |  | 75513 |
| SPORTSMANS WHSE HLDGS INC | Equity |  | 24693 |
| SR BANCORP INC | Equity |  | 14260 |
| STAAR SURGICAL CO NEW | Equity |  | 71902 |
| STAGWELL INC | Equity |  | 62303 |
| STANDARD MOTOR PRODUCTS INC | Equity |  | 304418 |
| STANDEX INTL CORP | Equity |  | 250089 |
| STANLEY BLACK & DECKER INC | Equity |  | 2115792 |
| STAR EQUITY HOLDINGS INC | Equity |  | 2194 |
| STARZ ENTERTAINMENT CORP | Equity |  | 8073 |
| STELLAR BANCORP INC | Equity |  | 342196 |
| STEPAN CO | Equity |  | 311960 |
| STERLING BANCORP INC/MI | Equity |  |  |
| STEVEN MADDEN LTD | Equity |  | 530285 |
| STEWART INFORMATION SERVICES | Equity |  | 601566 |
| STIFEL FINANCIAL CORP | Equity |  | 509019 |
| STIFEL FINANCIAL CORP | Equity |  | 5810834 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| STOCK YARDS BANCORP INC | Equity |  | 121781 |
| STONERIDGE INC | Equity |  | 60384 |
| STONEX GROUP INC | Equity |  | 59837 |
| STRATEGIC EDUCATION INC | Equity |  | 592518 |
| STRATTEC SEC CORP | Equity |  | 101647 |
| STRATUS PROPERTIES INC | Equity |  | 36754 |
| STRIDE INC | Equity |  | 261278 |
| STURM RUGER & CO INC | Equity |  | 91975 |
| SUN COUNTRY AIRLINES HOLDINGS INC | Equity |  | 223952 |
| SUNCOKE ENERGY INC | Equity |  | 227657 |
| SUNRISE COMMUNICAT-CL A ADS UNSPON ADR | Equity |  |  |
| SUPERIOR GROUP OF COS INC | Equity |  | 52882 |
| SUPERNUS PHARMACEUTICALS INC | Equity |  | 721893 |
| SURGERY PARTNERS INC | Equity |  | 378880 |
| SYLVAMO CORP | Equity |  | 290056 |
| SYNAPTICS INC | Equity |  | 120653 |
| SYNOVUS FINANCIAL CORP. | Equity |  | 885034 |
| SYNOVUS FINANCIAL CORP. | Equity |  | 3591638 |
| TACTILE SYSTEMS TECHNOLOGY INC | Equity |  | 183831 |
| TALOS ENERGY INC | Equity |  | 601383 |
| TARGET HOSPITALITY CORP | Equity |  | 71033 |
| TAYLOR DEVICES INC | Equity |  | 31510 |
| TAYLOR MORRISON HOME CORP | Equity |  | 2098892 |
| TD SYNNEX CORP | Equity |  | 3643829 |
| TD SYNNEX CORP | Equity |  | 4312653 |
| TECNOGLASS INC | Equity |  | 12580 |
| TEEKAY CORP LTD | Equity |  | 266719 |
| TEEKAY TANKERS LTD CL A | Equity |  | 580569 |
| TEGNA INC | Equity |  | 975644 |
| TEJON RANCH CO | Equity |  | 120956 |
| TELADOC HEALTH INC | Equity |  | 293986 |
| TELEFLEX INC | Equity |  | 103124 |
| TELEPHONE & DATA SYSTEMS INC | Equity |  | 1343939 |
| TENAYA THERAPEUTICS INC | Equity |  | 1437 |
| TENNANT CO | Equity |  | 137893 |
| TEREX CORP | Equity |  | 1021747 |
| TETRA TECHNOLOGIES INC | Equity |  | 211565 |
| TEXAS CAPITAL BANCSHARES INC | Equity |  | 1393773 |
| TEXTRON INC | Equity |  | 1092850 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| TFS FINANCIAL CORP | Equity |  | 110184 |
| THE CAMPBELL'S COMPANY | Equity |  | 2162155 |
| THERMON GROUP HOLDINGS INC | Equity |  | 435367 |
| THIRD COAST BANCSHARES INC | Equity |  | 124825 |
| THIRD HARMONICS BIO INC | Equity |  |  |
| THOR INDUSTRIES INC | Equity |  | 1596108 |
| TIC SOLUTIONS INC | Equity |  | 167866 |
| TIDEWATER INC | Equity |  | 365440 |
| TIDEWATER INC | Equity |  | 1712794 |
| TIMBERLAND BANCORP INC | Equity |  | 93116 |
| TIMKEN CO | Equity |  | 732183 |
| TIPTREE INC | Equity |  | 254976 |
| TITAN INTERNATIONAL INC | Equity |  | 170929 |
| TITAN MACHINERY INC | Equity |  | 83773 |
| TOLL BROTHERS INC | Equity |  | 3563453 |
| TOMPKINS FINANCIAL CORP | Equity |  | 258751 |
| TOOTSIE ROLL INDUSTRIES INC | Equity |  | 142601 |
| TOPGOLF CALLAWAY BRANDS CORP | Equity |  | 509559 |
| TOWNE BANK | Equity |  | 741248 |
| TRANSCAT INC | Equity |  | 69381 |
| TRANSOCEAN LTD | Equity |  | 895818 |
| TREDEGAR CORP | Equity |  | 78449 |
| TREEHOUSE FOODS INC | Equity |  | 423346 |
| TRI POINTE HOMES INC | Equity |  | 1000809 |
| TRICO BANCSHARES | Equity |  | 394971 |
| TRIMAS CORP | Equity |  | 416963 |
| TRIMBLE INC | Equity |  | 3776078 |
| TRINITY INDUSTRIES INC | Equity |  | 798647 |
| TRIPADVISOR INC | Equity |  | 261774 |
| TRIUMPH FINANCIAL INC | Equity |  | 253276 |
| TRONOX HOLDINGS PLC | Equity |  | 200719 |
| TRUBRIDGE INC | Equity |  | 83954 |
| TRUEBLUE INC | Equity |  | 19756 |
| TRUECAR INC | Equity |  | 80955 |
| TRUSTCO BANK CORP NY | Equity |  | 316092 |
| TRUSTMARK CORP | Equity |  | 780792 |
| TTEC HOLDINGS INC | Equity |  | 17917 |
| TTM TECHNOLOGIES INC | Equity |  | 1792413 |
| TUTOR PERINI CORP | Equity |  | 232224 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| TWIN DISC INC | Equity |  | 59214 |
| UFP INDUSTRIES INC | Equity |  | 658838 |
| U-HAUL HOLDING CO | Equity |  | 199069 |
| U-HAUL HOLDING CO | Equity |  | 1484462 |
| ULTRALIFE CORP | Equity |  | 32930 |
| UMB FINANCIAL CORP | Equity |  | 1583296 |
| UNDER ARMOUR INC CL A | Equity |  | 222740 |
| UNDER ARMOUR INC CL C | Equity |  | 233342 |
| UNIFI INC | Equity |  | 14714 |
| UNIFIRST CORP | Equity |  | 782595 |
| UNITED BANKSHARES INC. W VA. | Equity |  | 1525478 |
| UNITED COMMUNITY BANKS GA | Equity |  | 1067100 |
| UNITED FIRE GROUP INC | Equity |  | 272080 |
| UNITED NATURAL FOODS INC | Equity |  | 632323 |
| UNITY BANCORP INC | Equity |  | 167211 |
| UNIVERSAL CORP | Equity |  | 453914 |
| UNIVERSAL ELECTRONICS INC | Equity |  | 20960 |
| UNIVERSAL HEALTH SVCS INC CL B | Equity |  | 2677068 |
| UNIVERSAL INSURANCE HLDGS INC | Equity |  | 342969 |
| UNIVERSAL LOGISTICS HOLDINGS INC | Equity |  | 115368 |
| UNIVEST FINANCIAL CORP | Equity |  | 378376 |
| UNUM GROUP | Equity |  | 2428385 |
| UPBOUND GROUP INC | Equity |  | 235796 |
| URBAN ONE INC CL A | Equity |  | 4435 |
| URBAN OUTFITTERS | Equity |  | 1151327 |
| US FOODS HOLDING CORP | Equity |  | 4759170 |
| US PHYSICAL THERAPY INC | Equity |  | 186557 |
| USANA HEALTH SCIENCES INC | Equity |  | 111636 |
| UTAH MEDICAL PRODUCTS INC | Equity |  | 43649 |
| UTZ BRANDS INC A | Equity |  | 110277 |
| V2X INC | Equity |  | 386269 |
| VAALCO ENERGY INC | Equity |  | 110092 |
| VALARIS LTD | Equity |  | 1040206 |
| VALLEY NATL BANCORP | Equity |  | 1830209 |
| VANDA PHARMACEUTICALS INC | Equity |  | 75093 |
| VAREX IMAGING CORP | Equity |  | 77542 |
| VEECO INSTRUMENT | Equity |  | 357936 |
| VELOCITY FINANCIAL INC | Equity |  | 164087 |
| VENTYX BIOSCIENCES INC | Equity |  | 34865 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| VERA BRADLEY INC | Equity |  | 30598 |
| VERACYTE INC | Equity |  | 900266 |
| VESTIS | Equity |  | 242675 |
| VIASAT INC | Equity |  | 895891 |
| VIATRIS INC | Equity |  | 3835496 |
| VICARIOUS SURGICAL INC | Equity |  | 460 |
| VICTORY CAPITAL HOLDINGS INC CL A | Equity |  | 103720 |
| VILLAGE SUPER MKT INC CL A NEW | Equity |  | 160233 |
| VIPER ENERGY INC A | Equity |  | 249395 |
| VIRCO MANUFACTURING CORP | Equity |  | 27528 |
| VIRGINIA NATIONAL BANK CORP | Equity |  | 28413 |
| VIRTRA INC | Equity |  | 15565 |
| VIRTUS INVESTMENT PARTNERS | Equity |  | 252556 |
| VISHAY INTERTECHNOLOGY INC | Equity |  | 401692 |
| VISHAY PRECISION GROUP INC | Equity |  | 167360 |
| VISTEON CORP | Equity |  | 549298 |
| VITESSE ENERGY INC | Equity |  | 169276 |
| VIVID SEATS INC-CL A | Equity |  | 3396 |
| VOYA FINANCIAL INC | Equity |  | 698791 |
| VOYAGER THERAPEUTICS INC | Equity |  | 44680 |
| VSE CORP | Equity |  | 350723 |
| WABASH NATIONAL CORP | Equity |  | 76345 |
| WAFD INC | Equity |  | 842261 |
| WALKER & DUNLOP INC | Equity |  | 393201 |
| WARRIOR MET COAL INC | Equity |  | 451519 |
| WASHINGTON TR BANCORP INC | Equity |  | 98224 |
| WATERSTONE FINANCIAL INC | Equity |  | 172898 |
| WAYSTAR HOLDING CORP | Equity |  | 43885 |
| WEATHERFORD INTERNATIONAL PLC | Equity |  | 498829 |
| WEBSTER FINANCIAL | Equity |  | 2900590 |
| WEIS MARKETS INC | Equity |  | 589436 |
| WERNER ENTERPRISES INC | Equity |  | 557016 |
| WESBANCO INC | Equity |  | 783234 |
| WESCO INTERNATIONAL INC | Equity |  | 3461167 |
| WEST BANCORPORATION INC | Equity |  | 101142 |
| WESTAMERICA BANCORPORATION | Equity |  | 143394 |
| WESTERN ALLIANCE BANCORP | Equity |  | 1307709 |
| WESTERN NEW ENGLAND BANCORP INC | Equity |  | 120672 |
| WESTLAKE CORP | Equity |  | 197494 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| WESTWOOD HOLDINGS GROUP INC | Equity |  | 41958 |
| WEYCO GROUP INC | Equity |  | 97368 |
| WHIRLPOOL CORP | Equity |  | 555045 |
| WHITE MOUNTAINS INS GROUP LTD | Equity |  | 1473323 |
| WIDEOPENWEST INC | Equity |  |  |
| WILEY (JOHN) & SONS INC CL A | Equity |  | 295181 |
| WILLAMETTE VALLEY VINEYARD INC | Equity |  | 1330 |
| WILLIS LEASE FINANCE CORP | Equity |  | 248221 |
| WILLSCOT HOLDINGS CORP | Equity |  | 48845 |
| WILLSCOT HOLDINGS CORP | Equity |  | 2170722 |
| WINNEBAGO INDUSTRIES INC | Equity |  | 398595 |
| WINTRUST FINANCIAL CORP | Equity |  | 1386875 |
| WORLD ACCEPTANCE CORP | Equity |  | 146708 |
| WORLD KINECT CORP | Equity |  | 387485 |
| WORTHINGTON ENTERPRISES INC | Equity |  | 489554 |
| WORTHINGTON STEEL INC | Equity |  | 511891 |
| WSFS FINANCIAL CORP | Equity |  | 1012052 |
| XEROX HOLDINGS CORP | Equity |  | 130381 |
| XPERI INC | Equity |  | 59573 |
| YELP INC | Equity |  | 244852 |
| ZEBRA TECHNOLOGIES CORP CL A | Equity |  | 3894590 |
| ZEBRA TECHNOLOGIES CORP CL A | Equity |  | 2202863 |
| ZIFF DAVIS INC | Equity |  | 438180 |
| ZIONS BANCORP | Equity |  | 2415770 |
| ZOOMINFO TECHNOLOGIES INC | Equity |  | 574534 |
| ZUMIEZ INC | Equity |  | 179849 |
| CONCENTRA BIOSCIENCES LLC CVR | Equity |  |  |
| ELI LILLY & CO-CVR | Equity |  | 8237 |
| RESOLUTE FOREST PRODUCTS INC US CVR RT | Equity |  |  |
| SUPERNUS PHARMACEUTICALS-CVR | Equity |  |  |
| ZAGG INC CVR RT | Equity |  |  |
| **Common Collective Trusts** |  |  |  |
| SPARTAN SMALL - MID CAP V | Common collective trust |  | 230575812 |
| SSBK GOVT STIF FUND | Common collective trust |  | 5640403 |
| **SMID Cap Value Account Total** |  |  | 1149634886 |
| **SMID Cap Growth Account** |  |  |  |
| **Currency** |  |  |  |
| BRITISH POUND STERLING CURRENCY | Currency |  | 35 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CANADIAN DOLLAR | Currency |  | 59002 |
| DANISH KRONE | Currency |  | 266 |
| EURO MONETARY UNIT | Currency |  | 181 |
| SWISS FRANC | Currency |  | 1 |
| **Equity** |  |  |  |
| ABIVAX SA | Equity |  | 5025372 |
| ACI WORLDWIDE INC | Equity |  | 14768509 |
| ACV AUCTIONS INC CL A | Equity |  | 4787435 |
| ADAPTIVE BIOTECHNOLOGIES CORP | Equity |  | 2402870 |
| ADMA BIOLOGICS INC | Equity |  | 9537696 |
| ADMA BIOLOGICS INC | Equity |  | 5115773 |
| ADTALEM GLOBAL EDUCATION INC | Equity |  | 11348279 |
| ADVANCED ENERGY INDUSTRIES INC | Equity |  | 19079260 |
| AEROVIRONMENT INC | Equity |  | 5495741 |
| AGCO CORP | Equity |  | 461512 |
| AGILYSYS INC | Equity |  | 9958792 |
| AGREE REALTY CORP | Equity |  | 1655754 |
| AKAMAI TECHNOLOGIES INC | Equity |  | 7492419 |
| ALASKA AIR GROUP INC | Equity |  | 26449651 |
| ALKAMI TECHNOLOGY INC | Equity |  | 4545690 |
| ALLEGIANT TRAVEL CO | Equity |  | 9394452 |
| AMENTUM HOLDINGS INC | Equity |  | 27927464 |
| API GROUP CORP | Equity |  | 16545996 |
| API GROUP CORP | Equity |  | 3558180 |
| APOGEE THERAPEUTICS INC | Equity |  | 11073671 |
| APPLIED DIGITAL CORP | Equity |  | 4116908 |
| APPLIED DIGITAL CORP | Equity |  | 1870631 |
| APPLIED INDUSTRIAL TECH INC | Equity |  | 13018239 |
| APPLIED INDUSTRIAL TECH INC | Equity |  | 5412712 |
| ARCHROCK INC | Equity |  | 8625630 |
| ARCUS BIOSCIENCES INC | Equity |  | 2039848 |
| ARES MANAGEMENT CORP CL A | Equity |  | 5661091 |
| ARGENX SE SPONSORED ADR | Equity |  | 35548638 |
| ARITZIA INC | Equity |  | 15235707 |
| ARTHUR J GALLAGHAR AND CO | Equity |  | 3594334 |
| ASCENDIS PHARMA AS SPON ADR | Equity |  | 34417789 |
| ASCENDIS PHARMA AS SPON ADR | Equity |  | 6759708 |
| ASCENDIS PHARMA AS SPON ADR | Equity |  | 16782628 |
| ASHLAND INC | Equity |  | 15111280 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ASTERA LABS INC | Equity |  | 9352926 |
| ASTERA LABS INC | Equity |  | 27006051 |
| ATI INC | Equity |  | 16481487 |
| ATMUS FILTRATION TECHNOLOGIES INC | Equity |  | 10359160 |
| AUTOZONE INC | Equity |  | 8560146 |
| AVANTOR INC | Equity |  | 2248624 |
| AVIDITY BIOSCIENCES | Equity |  | 2572877 |
| AVIENT CORP | Equity |  | 3628526 |
| AXOS FINANCIAL INC | Equity |  | 5514240 |
| AXSOME THERAPEUTICS INC | Equity |  | 8794664 |
| AXSOME THERAPEUTICS INC | Equity |  | 10227840 |
| BABCOCK INTL GROUP PLC | Equity |  | 22829701 |
| BAKER HUGHES CO | Equity |  | 18342465 |
| BALDWIN INSURANCE GROUP INC/THE | Equity |  | 1885178 |
| BANCORP INC DEL | Equity |  | 11404128 |
| BETTER HOME & FINANCE HOLDING | Equity |  | 7466880 |
| BICYCLE THERAPEUTICS LTD ADR | Equity |  | 1335996 |
| BILL HOLDINGS INC | Equity |  | 8114407 |
| BIO RAD LABS CL A | Equity |  | 3635880 |
| BIONTECH SE ADR | Equity |  |  |
| BIRKENSTOCK HOLDING LTD | Equity |  | 5020066 |
| BJS WHSL CLUB HLDGS INC | Equity |  | 156922 |
| BLOOM ENERGY CORP CL A | Equity |  | 3170008 |
| BLOOM ENERGY CORP CL A | Equity |  | 12599050 |
| BLOOM ENERGY CORP CL A | Equity |  | 4159424 |
| BLUEPRINT MEDICINES CORP CVR | Equity |  |  |
| BOOT BARN HOLDINGS INC | Equity |  | 13252897 |
| BRAZE INC | Equity |  | 5564238 |
| BRIDGEBIO PHARMA INC | Equity |  | 15328443 |
| BRIDGEBIO PHARMA INC | Equity |  | 9844263 |
| BUILDERS FIRSTSOURCE | Equity |  | 91161 |
| BURLINGTON STORES INC | Equity |  | 5640952 |
| BWX TECHNOLOGIES INC | Equity |  | 9944177 |
| BWX TECHNOLOGIES INC | Equity |  | 452495 |
| CACI INTERNATIONAL INC | Equity |  | 79922 |
| CALIX NETWORKS INC | Equity |  | 4437863 |
| CAMTEK LIMITED | Equity |  | 9049960 |
| CARLYLE GROUP INC (THE) | Equity |  | 92625 |
| CARPENTER TECHNOLOGY CORP | Equity |  | 3754467 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CARPENTER TECHNOLOGY CORP | Equity |  | 21692476 |
| CASELLA WASTE SYS INC CL A | Equity |  | 5146453 |
| CASELLA WASTE SYS INC CL A | Equity |  | 6751004 |
| CAVCO INDUSTRIES INC | Equity |  | 4725920 |
| CBRE GROUP INC - CL A | Equity |  | 11010417 |
| CCC INTELLIGENT SOLUTIONS HOLD CL A | Equity |  | 7566246 |
| CECO ENVIRONMENTAL CORP | Equity |  | 2794995 |
| CENCORA INC | Equity |  | 7978668 |
| CENTRUS ENERGY CORP CL A | Equity |  | 4350259 |
| CES ENERGY SOLUTIONS CORP | Equity |  | 5504707 |
| CG ONCOLOGY INC | Equity |  | 1494720 |
| CIRCLE INTERNET GROUP INC A | Equity |  | 23331646 |
| CLOUDFLARE INC | Equity |  | 6549914 |
| COEUR MINING INC | Equity |  | 3819186 |
| COGNEX CORP | Equity |  | 2767797 |
| COHERENT CORP | Equity |  | 7509230 |
| COHERENT CORP | Equity |  | 10439095 |
| COLLIERS INTERNATIONAL GROUP INC | Equity |  | 12831519 |
| COMFORT SYSTEMS USA INC | Equity |  | 14417464 |
| COMFORT SYSTEMS USA INC | Equity |  | 22977600 |
| COMFORT SYSTEMS USA INC | Equity |  | 10425783 |
| COMMVAULT SYSTEMS INC | Equity |  | 5616128 |
| COMMVAULT SYSTEMS INC | Equity |  | 5428088 |
| CONSTRUCTION PARTNERS INC CL A | Equity |  | 11864515 |
| CRANE CO | Equity |  | 10586282 |
| CREDO TECHNOLOGY GROUP HOLDING LTD | Equity |  | 14520372 |
| CREDO TECHNOLOGY GROUP HOLDING LTD | Equity |  | 14518501 |
| CREDO TECHNOLOGY GROUP HOLDING LTD | Equity |  | 5161334 |
| CUSHMAN & WAKEFIELD LTD | Equity |  | 6505822 |
| DARLING INGREDIENTS INC | Equity |  | 13154436 |
| DAVE INC | Equity |  | 5158853 |
| DESCARTES SYS GROUP INC | Equity |  | 12658104 |
| DESCARTES SYS GROUP INC | Equity |  | 3409974 |
| DIGITALOCEAN HOLDINGS INC | Equity |  | 13995558 |
| DIGITALOCEAN HOLDINGS INC | Equity |  | 4345236 |
| DOLBY LABORATORIES INC CL A | Equity |  | 4168713 |
| DORMAN PRODUCTS INC | Equity |  | 4217410 |
| DOXIMITY INC | Equity |  | 6748272 |
| DUTCH BROS INC | Equity |  | 3337714 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| DYCOM INDUSTRIES INC | Equity |  | 11502116 |
| DYNATRACE INC | Equity |  | 5843099 |
| DYNE THERAPEUTICS INC | Equity |  | 6802205 |
| EAGLE MATERIALS INC | Equity |  | 6234916 |
| EAGLE MATERIALS INC | Equity |  |  |
| EAST WEST BANCORP INC | Equity |  | 5597022 |
| EDWARDS LIFESCIENCES CORP | Equity |  | 3459871 |
| ENCOMPASS HEALTH CORP | Equity |  | 16950558 |
| ENERGY FUELS INC | Equity |  | 2532868 |
| ENOVA INTL INC | Equity |  | 14632019 |
| ENOVIX CORP | Equity |  | 1806930 |
| ENSIGN GROUP INC | Equity |  | 17350320 |
| ENTEGRIS INC | Equity |  | 23393613 |
| ERO COPPER CORP | Equity |  | 7412687 |
| ESSENTIAL PROPERTIES REALTY TRUST INC | Equity |  | 1107148 |
| ESTABLISHMENT LABS HOLDINGS INC | Equity |  | 2135384 |
| FABRINET | Equity |  | 14441482 |
| FABRINET | Equity |  | 6610666 |
| FAIR ISAAC CORP | Equity |  | 8889280 |
| FEDERAL SIGNAL CORP | Equity |  | 11889411 |
| FID BANK TRST ST INV FUND | Equity |  |  |
| FID BANK TRST ST INV FUND | Equity |  |  |
| FID BANK TRST ST INV FUND | Equity |  |  |
| FIRSTCASH HOLDINGS INC | Equity |  | 5838727 |
| FLEX LTD | Equity |  | 7323569 |
| FLOWSERVE CORP | Equity |  | 9297822 |
| FLUOR CORP | Equity |  | 3316555 |
| FLYWIRE CORP | Equity |  | 4748457 |
| FNB CORP PA | Equity |  | 3662375 |
| FORMFACTOR INC | Equity |  | 3118102 |
| FORMFACTOR INC | Equity |  | 1919557 |
| FTAI AVIATION LTD | Equity |  | 9305690 |
| FTAI AVIATION LTD | Equity |  | 22165704 |
| FTAI AVIATION LTD | Equity |  | 7677150 |
| FTAI AVIATION LTD | Equity |  | 13297218 |
| FTAI INFRASTRUCTURE INC | Equity |  | 6692853 |
| GARRETT MOTION INC | Equity |  | 12143847 |
| GENEDX HOLDINGS CORP-A | Equity |  | 8596966 |
| GENEDX HOLDINGS CORP-A | Equity |  | 6279427 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| GENIUS SPORTS LTD | Equity |  | 13283288 |
| GENIUS SPORTS LTD | Equity |  | 4966053 |
| GERRESHEIMER AG | Equity |  |  |
| GRANITE CONSTRUCTION INC | Equity |  | 19625649 |
| GUARDANT HEALTH INC | Equity |  | 8655139 |
| GUARDANT HEALTH INC | Equity |  | 4183654 |
| GUIDEWIRE SOFTWARE INC | Equity |  | 8799012 |
| HALOZYME THERAPEUTICS INC | Equity |  | 11817880 |
| HAMILTON LANE INC - A | Equity |  | 3568348 |
| HEALTHEQUITY INC | Equity |  | 6612410 |
| HEXCEL CORPORATION | Equity |  | 6100371 |
| HIMS & HERS HEALTH INC | Equity |  | 3834707 |
| HOULIHAN LOKEY | Equity |  | 6915343 |
| HURON CONSULTING GROUP INC | Equity |  | 20731909 |
| IES HOLDINGS INC | Equity |  | 11795086 |
| IMAX CORPORATION | Equity |  | 6471548 |
| INDEPENDENCE REALTY TR INC | Equity |  | 1413835 |
| INDIE SEMICONDUCTOR INC | Equity |  | 14170977 |
| INGERSOLL RAND INC | Equity |  | 7871537 |
| Innodata Inc | Equity |  | 926220 |
| INSMED INC | Equity |  | 27922630 |
| INSMED INC | Equity |  | 8806424 |
| INSTALLED BUILDING PRODUCTS INC | Equity |  | 13202951 |
| INSULET CORP | Equity |  | 10769569 |
| INSULET CORP | Equity |  | 2766224 |
| INTERDIGITAL INC | Equity |  | 4917379 |
| INTERNATIONAL SEAWAYS INC | Equity |  | 4084123 |
| INTUITIVE MACHINES INC A | Equity |  | 13227807 |
| IONQ INC | Equity |  | 4151597 |
| IONQ INC | Equity |  | 7008694 |
| IONQ INC | Equity |  | 1765186 |
| IRHYTHM TECHNOLOGIES INC | Equity |  | 12452562 |
| IRHYTHM TECHNOLOGIES INC | Equity |  | 3690752 |
| IRHYTHM TECHNOLOGIES INC | Equity |  | 4260334 |
| ITRON INC | Equity |  | 5441596 |
| ITT INC | Equity |  | 7511248 |
| JAZZ PHARMA PLC | Equity |  | 6417500 |
| JBT MAREL CORP | Equity |  | 10468853 |
| JBT MAREL CORP | Equity |  | 4806373 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| KARMAN HOLDINGS INC | Equity |  | 4615344 |
| KINSALE CAPITAL GROUP INC | Equity |  | 4904645 |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | Equity |  | 12152695 |
| KRATOS DEFENSE & SEC SOLTN INC | Equity |  | 13889860 |
| KRATOS DEFENSE & SEC SOLTN INC | Equity |  | 4943259 |
| KYMERA THERAPEUTICS INC | Equity |  | 15111091 |
| KYMERA THERAPEUTICS INC | Equity |  | 5143241 |
| KYNDRYL HOLDINGS INC | Equity |  | 261297 |
| L3HARRIS TECHNOLOGIES INC | Equity |  | 5605719 |
| LATTICE SEMICONDUCTOR CORP | Equity |  | 13024690 |
| LATTICE SEMICONDUCTOR CORP | Equity |  | 11064960 |
| LATTICE SEMICONDUCTOR CORP | Equity |  | 3820274 |
| LCI INDUSTRIES | Equity |  | 9248899 |
| LEGENCE CORP A | Equity |  | 6101953 |
| LEGENCE CORP A | Equity |  | 5080011 |
| LEGEND BIOTECH CORP SPON ADR | Equity |  | 2738370 |
| LIBERTY MEDIA CORP LIBERTY FORMULA ONE CL C | Equity |  | 15203344 |
| LIFE TIME GROUP HOLDINGS INC | Equity |  | 4851408 |
| LITHIA MOTORS INC CL A | Equity |  | 10526885 |
| LIVE NATION ENTERTAINMENT INC | Equity |  | 16374675 |
| M/I HOMES INC | Equity |  | 2096589 |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | Equity |  | 7581024 |
| MADRIGAL PHARMACEUTICALS INC | Equity |  | 9119444 |
| MAGNITE INC | Equity |  | 2316135 |
| MASIMO CORP | Equity |  | 5418300 |
| MATTEL INC | Equity |  | 9950296 |
| MEDLINE INC | Equity |  | 4853142 |
| MEDPACE HOLDINGS INC | Equity |  | 13906454 |
| MELROSE INDUSTRIES PLC | Equity |  | 10854607 |
| MERCURY SYSTEMS INC | Equity |  | 2781681 |
| MERIT MEDICAL SYSTEMS INC | Equity |  | 7051200 |
| MIRION TECHNOLOGIES INC-A | Equity |  | 4994596 |
| MKS INC | Equity |  | 11879532 |
| MKS INC | Equity |  | 4353112 |
| MODINE MANUFACTURING CO | Equity |  | 13402001 |
| MODINE MANUFACTURING CO | Equity |  | 893983 |
| MONGODB INC CL A | Equity |  | 9835015 |
| MONGODB INC CL A | Equity |  | 17266047 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| MONOLITHIC POWER SYS INC | Equity |  | 8702869 |
| MONOLITHIC POWER SYS INC | Equity |  | 2810622 |
| MP MATERIALS CORP | Equity |  | 1115987 |
| NATERA INC | Equity |  | 17015660 |
| NEPTUNE INSURANCE HOLDINGS INC | Equity |  | 6185798 |
| NEXTPOWER INC | Equity |  | 7151731 |
| NIQ GLOBAL INTELLIGENCE PLC | Equity |  | 2913288 |
| NMI HOLDINGS INC | Equity |  | 97814 |
| NOVA MEASURING INSTRUMENTS LTD | Equity |  | 22133486 |
| NUVALENT INC-A | Equity |  | 8308231 |
| NUVALENT INC-A | Equity |  | 4122782 |
| ODDITY TECH LTD A | Equity |  | 4155255 |
| OLLIES BARGAIN OUTLET HOLDINGS INC | Equity |  | 6982157 |
| ONTO INNOVATION INC | Equity |  | 4175397 |
| OPTION CARE HEALTH INC | Equity |  | 3536779 |
| PAGAYA TECHNOLGOIES LTD A | Equity |  | 6642752 |
| PALOMAR HLDGS INC | Equity |  | 6891626 |
| PARSONS CORP | Equity |  | 7080920 |
| PARSONS CORP | Equity |  | 2381710 |
| PARSONS CORP | Equity |  | 4393980 |
| PATRICK INDUSTRIES INC | Equity |  | 10908058 |
| PATTERN GROUP INC | Equity |  | 973630 |
| PEGASYSTEMS INC | Equity |  | 12099272 |
| PENUMBRA INC | Equity |  | 5240699 |
| PERELLA WEINBERG PARTNERS | Equity |  | 4601800 |
| PERMIAN RESOURCES CORP CL A | Equity |  | 2744549 |
| PIPER SANDLER COS | Equity |  | 8275336 |
| PLANET FITNESS INC CL A | Equity |  | 4644360 |
| PLANET FITNESS INC CL A | Equity |  | 8927081 |
| POPULAR INC | Equity |  | 9482198 |
| PRIMERICA INC | Equity |  | 4448959 |
| PRIMORIS SVCS CORP | Equity |  | 6651421 |
| PROCEPT BIOROBOTICS CORP | Equity |  | 5342506 |
| PROCEPT BIOROBOTICS CORP | Equity |  | 2249673 |
| PROCORE TECHNOLOGIES INC | Equity |  | 5103293 |
| PROCORE TECHNOLOGIES INC | Equity |  | 5907215 |
| PURE STORAGE INC CL A | Equity |  | 8103988 |
| PURE STORAGE INC CL A | Equity |  | 7677269 |
| RADNET INC | Equity |  | 7427535 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| RADNET INC | Equity |  | 2687041 |
| RAMBUS INC | Equity |  | 7112286 |
| RAMBUS INC | Equity |  | 2434626 |
| RBC BEARINGS INC | Equity |  | 16682044 |
| RBC BEARINGS INC | Equity |  | 19551548 |
| REDDIT INC A | Equity |  | 9874066 |
| REGAL REXNORD CORP | Equity |  | 12803498 |
| REGAL REXNORD CORP | Equity |  | 4320453 |
| RENASANT CORP | Equity |  | 8987228 |
| REVOLUTION MEDICINES INC | Equity |  | 7513783 |
| REVOLUTION MEDICINES INC | Equity |  | 7104780 |
| RHYTHM PHARMACEUTICALS INC | Equity |  | 9044880 |
| RHYTHM PHARMACEUTICALS INC | Equity |  | 4849982 |
| RIGETTI COMPUTING INC A | Equity |  | 1528572 |
| ROBLOX CORP | Equity |  | 10587785 |
| ROCKET LAB CORP | Equity |  | 6117952 |
| ROKU INC CLASS A | Equity |  | 3904881 |
| RUSH STREET INTERACTIVE INC | Equity |  | 3184286 |
| RXO INC | Equity |  | 3798788 |
| RYERSON HOLDING CORP | Equity |  | 2880493 |
| SAIA INC | Equity |  | 14552017 |
| SAIA INC | Equity |  | 5191668 |
| SANMINA CORP | Equity |  | 12301838 |
| SEACOAST BANKING CORP FLORIDA | Equity |  | 6800545 |
| SELECTIVE INSURANCE GROUP INC | Equity |  | 13166144 |
| SEMTECH CORP | Equity |  | 4505554 |
| SERVICETITAN INC-A | Equity |  | 7151369 |
| SHOALS TECHNOLOGIES GROUP INC | Equity |  | 223703 |
| SILA REALTY TRUST INC | Equity |  | 3184449 |
| SILICON MOTION TECH CORP ADR | Equity |  | 14478813 |
| SITEONE LANDSCAPE SUPPLY INC | Equity |  | 6796990 |
| SITIME CORP | Equity |  | 7805499 |
| SKYWARD SPECIALTY INSURANCE GROUP INC | Equity |  | 6245642 |
| SOLENO THERAPEUTICS INC | Equity |  | 372669 |
| SOMNIGROUP INTERNATIONAL INC | Equity |  | 5663745 |
| SPX TECHNOLOGIES INC | Equity |  | 15358006 |
| SPX TECHNOLOGIES INC | Equity |  | 1802541 |
| STAG INDUSTRIAL INC CL A | Equity |  | 1356959 |
| STEPSTONE GROUP INC CLASS A | Equity |  | 15163371 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| STEPSTONE GROUP INC CLASS A | Equity |  | 3604942 |
| STERLING INFRASTRUCTURE INC | Equity |  | 4666945 |
| STRIDE INC | Equity |  | 3186245 |
| SUN COUNTRY AIRLINES HOLDINGS INC | Equity |  | 11779913 |
| SWEETGREEN INC CL A | Equity |  | 2169744 |
| SYMBOTIC INC | Equity |  | 205216 |
| TALEN ENERGY CORP | Equity |  | 4400622 |
| TARSUS PHARMACEUTICALS INC | Equity |  | 1694916 |
| TECHNIPFMC PLC | Equity |  | 2686968 |
| TELEDYNE TECHNOLOGIES INC | Equity |  | 6139485 |
| TERADYNE INC | Equity |  | 88844 |
| TETRA TECHNOLOGIES INC | Equity |  | 4321922 |
| TEXAS ROADHOUSE INC | Equity |  | 4512212 |
| TEXAS ROADHOUSE INC | Equity |  | 6158600 |
| TIDEWATER INC | Equity |  | 4785873 |
| TIMKEN CO | Equity |  | 2789078 |
| TOPBUILD CORP | Equity |  | 6304992 |
| TOPBUILD CORP | Equity |  | 7987937 |
| TRANSMEDICS GROUP INC | Equity |  | 7951531 |
| TREVI THERAPEUTICS INC | Equity |  | 4237770 |
| TRIUMPH FINANCIAL INC | Equity |  | 12411638 |
| TWIST BIOSCIENCE CORP | Equity |  | 9692236 |
| TYLER TECHNOLOGIES INC | Equity |  | 11612495 |
| UFP TECHNOLOGIES INC | Equity |  | 4448149 |
| ULTRA CLEAN HOLDINGS INC | Equity |  | 11911686 |
| ULTRAGENYX PHARMA INC | Equity |  | 10290246 |
| UNITED THERAPEUTICS CORP DEL | Equity |  | 11649660 |
| UNITY SOFTWARE INC | Equity |  | 6244975 |
| US FOODS HOLDING CORP | Equity |  | 14324358 |
| VAXCYTE INC | Equity |  | 5928529 |
| VERA THERAPEUTICS INC | Equity |  | 5739234 |
| VERACYTE INC | Equity |  | 15536837 |
| VERICEL CORP | Equity |  | 1914940 |
| VERTEX INC - CLASS A | Equity |  | 1887644 |
| VERTICAL AEROSPACE LTD | Equity |  | 2021967 |
| VIKING HOLDINGS LTD | Equity |  | 11602840 |
| VITA COCO CO INC/THE | Equity |  | 4068146 |
| VOYAGER TECHNOLOGIES INC | Equity |  | 4314799 |
| VSE CORP | Equity |  | 15203760 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| WATERS CORP | Equity |  | 7526711 |
| WAYSTAR HOLDING CORP | Equity |  | 5044155 |
| WAYSTAR HOLDING CORP | Equity |  | 2810802 |
| WEAVE COMMUNICATIONS INC | Equity |  | 6610359 |
| WESCO INTERNATIONAL INC | Equity |  | 7042207 |
| WEST PHARMACEUTICAL SVCS INC | Equity |  | 22937046 |
| WINGSTOP INC | Equity |  | 10860119 |
| WINGSTOP INC | Equity |  | 2747166 |
| WINTRUST FINANCIAL CORP | Equity |  | 5692072 |
| WOODWARD INC | Equity |  | 14837563 |
| XENON PHARMACEUTICALS INC | Equity |  | 4724028 |
| XENON PHARMACEUTICALS INC | Equity |  | 2032587 |
| XYLEM INC | Equity |  | 11742801 |
| ZETA GLOBAL HOLDINGS CORP | Equity |  | 1823991 |
| ZSCALER INC | Equity |  | 8286704 |
| **Common Collective Trusts** |  |  |  |
| SSBK GOVT STIF FUND | Common collective trust |  | 43750944 |
| VANGUARD RUSSELL 2000 GROWTH INDEX | Common collective trust |  | 719475886 |
| **SMID Cap Growth Account Total** |  |  | 3562487039 |
| **PIMCO Total Return Account** |  |  |  |
| **Mutual Funds** |  |  |  |
| HIGH YIELD PORTFOLIO INSTL CL | Mutual fund |  | 20775452 |
| PIMCO ASSET BACK SECS PORT-UNL | Mutual fund |  | 432337627 |
| PIMCO EMMERG MKTS FD INST CL | Mutual fund |  | 86905148 |
| PIMCO INTL PORT FUND(UNLISTED) | Mutual fund |  | 111858924 |
| PIMCO INV GRD CORP PORT(UNLST) | Mutual fund |  | 435489061 |
| PIMCO MTG PORT INSTL CL (UNLST) | Mutual fund |  | 237119749 |
| PIMCO MUNI SECTR PORT INSTL CL | Mutual fund |  | 20233859 |
| PIMCO REAL RETURN BOND FUND INST CL | Mutual fund |  | 92476144 |
| PIMCO SHORT TM FLT NAV PORT II | Mutual fund |  | 115084390 |
| PIMCO US GOVT SECTOR PORT INST | Mutual fund |  | 238964921 |
| **PIMCO Total Return Account Total** |  |  | 1791245275 |
| **International Growth Account** |  |  |  |
| **Currency** |  |  |  |
| AUSTRALIAN DOLLAR CURRENCY | Currency |  | 45654 |
| BRAZILIAN REAL | Currency |  | 79590 |
| BRITISH POUND STERLING CURRENCY | Currency |  | 34205 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CANADIAN DOLLAR | Currency |  | 111544 |
| DANISH KRONE | Currency |  | (53240) |
| EURO MONETARY UNIT. | Currency |  | 152819 |
| HONG KONG DOLLAR | Currency |  | 13349 |
| INDIAN RUPEE | Currency |  | 114113 |
| ISRAELI SHEKEL | Currency |  | 272 |
| JAPANESE YEN | Currency |  | 396717 |
| NEW ZEALAND DOLLAR CURRENCY | Currency |  | 2282 |
| NORWEGIAN KRONA | Currency |  | 3317 |
| POLAND ZLOTY NEW | Currency |  | 213 |
| SINGAPORE DOLLAR CURRENCY | Currency |  | 5521 |
| SOUTH AFRICAN RAND CURRENCY | Currency |  | 513275 |
| SOUTH KOREAN WON | Currency |  | 14404 |
| SWEDISH KRONA CURRENCY | Currency |  | 40925 |
| SWISS FRANC | Currency |  | 655 |
| TAIWAN DOLLAR | Currency |  | 1 |
| **Equity** |  |  |  |
| 3I GROUP PLC | Equity |  | 326226 |
| AAC TECHNOLOGIES HOLDINGS INC | Equity |  | 160356 |
| ABB LTD | Equity |  | 664048 |
| ACCOR SA | Equity |  | 7354732 |
| ACCTON TECHNOLOGY CORP | Equity |  | 264576 |
| ACCTON TECHNOLOGY CORP | Equity |  | 4297477 |
| ACS ACTIVIDADES CONST Y SRV SA | Equity |  | 261155 |
| ADDTECH AB CL B | Equity |  | 189011 |
| ADIDAS AG | Equity |  | 591235 |
| ADIDAS AG | Equity |  | 5472298 |
| ADVANCED INFO SERVICE NVDR | Equity |  | 2209994 |
| ADVANTEST CORP | Equity |  | 727037 |
| ADVANTEST CORP | Equity |  | 8916727 |
| ADYEN BV | Equity |  | 641512 |
| ADYEN BV | Equity |  | 6610647 |
| AEGON LTD | Equity |  | 262941 |
| AEON CO LTD | Equity |  | 379520 |
| AEROPORTS DE PARIS | Equity |  | 150686 |
| AGNICO EAGLE MINES LTD | Equity |  | 492636 |
| AIA GROUP LTD | Equity |  | 453773 |
| AIA GROUP LTD | Equity |  | 2895114 |
| AIA GROUP LTD | Equity |  | 12568078 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| AIR LIQUIDE SA | Equity |  | 5686099 |
| AIR LIQUIDE SA (INTERIM) | Equity |  | 8038247 |
| AIR LIQUIDE SA(PRIME FIDE)(UNL) | Equity |  | 7588685 |
| AIR LIQUIDE SA-PF-2024 | Equity |  | 3107570 |
| AIRBUS SE | Equity |  | 980670 |
| AIRBUS SE | Equity |  | 7813181 |
| AISIN CORP | Equity |  | 313820 |
| AJINOMOTO CO INC | Equity |  | 338815 |
| AKESO INC | Equity |  | 217791 |
| AL RAJHI BANK (HSBC) (ELN) 9/30/26 | Equity |  | 2326659 |
| ALAMOS GOLD INC A | Equity |  | 189403 |
| ALCHIP TECHNOLOGIES LTD | Equity |  | 111955 |
| ALCON INC | Equity |  | 450174 |
| ALCON INC | Equity |  | 11333599 |
| ALDAR PROPERTIES PJSC | Equity |  | 476744 |
| ALFA LAVAL AB | Equity |  | 206129 |
| ALIBABA GROUP HOLDING LTD | Equity |  | 746779 |
| ALIBABA GROUP HOLDING LTD | Equity |  | 9677619 |
| ALIBABA GROUP HOLDING LTD | Equity |  | 10669588 |
| ALIBABA GROUP HOLDING LTD SPON ADR | Equity |  | 5989112 |
| ALPHA BANK SA | Equity |  | 223361 |
| ALSTOM | Equity |  | 182123 |
| ALTEOGEN INC | Equity |  | 195553 |
| AMADEUS IT GROUP SA | Equity |  | 522633 |
| AMADEUS IT GROUP SA | Equity |  | 16265441 |
| ANGLOGOLD ASHANTI PLC | Equity |  | 394809 |
| ANHEUSER-BUSCH INBEV SA/NV | Equity |  | 179813 |
| ANTOFAGASTA PLC | Equity |  | 381617 |
| AON PLC | Equity |  | 5882157 |
| AON PLC | Equity |  | 11856768 |
| APR CORP/KOREA | Equity |  | 1043101 |
| ARCELORMITTAL SA | Equity |  | 317619 |
| ARGENX SE | Equity |  | 808688 |
| ARGENX SE | Equity |  | 5991873 |
| ARISTOCRAT LEISURE LTD | Equity |  | 332704 |
| ASAHI KASEI CORP | Equity |  | 181783 |
| ASELSAN AS | Equity |  | 209902 |
| ASELSAN AS | Equity |  | 3056916 |
| ASHTEAD GROUP PLC | Equity |  | 8041705 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ASIA VITAL COMPONENTS CO LTD | Equity |  | 192651 |
| ASICS CORP | Equity |  | 294858 |
| ASM INTERNATIONAL NV (NETH) | Equity |  | 644781 |
| ASML HOLDING NV | Equity |  | 2433117 |
| ASML HOLDING NV | Equity |  | 16833664 |
| ASML HOLDING NV | Equity |  | 28324648 |
| ASPEED TECH INC | Equity |  | 231564 |
| ASPEED TECH INC | Equity |  | 5650166 |
| ASR NEDERLAND NV | Equity |  | 293155 |
| ASSA ABLOY AB SER B | Equity |  | 143498 |
| ASSA ABLOY AB SER B | Equity |  | 3625956 |
| ASSOCIATED BRITISH FOODS PLC | Equity |  |  |
| ASTELLAS PHARMA INC | Equity |  | 547836 |
| ASTRAZENECA PLC | Equity |  | 1717738 |
| ASTRAZENECA PLC | Equity |  | 12663604 |
| ATKINSREALIS GROUP INC | Equity |  | 170287 |
| ATLAS COPCO AB SER A | Equity |  | 5071933 |
| ATLAS COPCO AB SER A | Equity |  | 7296082 |
| AVOLTA AG | Equity |  | 131523 |
| BAE SYSTEMS PLC | Equity |  | 503849 |
| BAIDU INC CL A | Equity |  | 1532508 |
| BAJAJ FINANCE LTD | Equity |  | 1402518 |
| BANCO BILBAO VIZ ARGENTARIA SA | Equity |  | 172032 |
| BANCO BTG PACTUAL SA US(1CS) | Equity |  | 470171 |
| BANCO BTG PACTUAL SA US(1CS) | Equity |  | 2075470 |
| BANCO SANTANDER SA | Equity |  | 323016 |
| BANK CENTRAL ASIA | Equity |  | 8446817 |
| BANK HAPOALIM LTD (REG) | Equity |  | 482634 |
| BANK LEUMI LE-ISRAEL BM | Equity |  | 416696 |
| BANK OF MONTREAL | Equity |  | 2608004 |
| BARCLAYS PLC ORD | Equity |  | 503115 |
| BARRICK MINING CORP | Equity |  | 463405 |
| BEIJER REF AB SER B | Equity |  | 189029 |
| BELIMO HOLDING AG (REG) | Equity |  | 157758 |
| BEONE MEDICINES LTD | Equity |  | 221167 |
| BHARAT ELECTRONICS LTD (DEMAT) | Equity |  | 4712929 |
| BHARTI AIRTEL LIMITED | Equity |  | 4109484 |
| BILIBILI INC CL Z | Equity |  | 173004 |
| BIM BIRLESIK MAGAZALAR AS | Equity |  | 190479 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| BIOMERIEUX | Equity |  | 148809 |
| BIZLINK HOLDING INC | Equity |  | 193927 |
| BOMBARDIER INC CL B SUB VTG | Equity |  | 144603 |
| BOUYGUES ORD | Equity |  | 250229 |
| BP PLC | Equity |  | 420685 |
| BPER BANCA | Equity |  | 341026 |
| BRADESCO SA PREF (BANCO BRAESCO) | Equity |  | 3705884 |
| BRAMBLES LTD | Equity |  | 224748 |
| BRIDGESTONE CORP | Equity |  | 444185 |
| BRITISH AMERICAN TOBACCO PLC | Equity |  | 591031 |
| BSE LTD | Equity |  | 1712854 |
| BUENAVENTURA SPON ADR | Equity |  | 192918 |
| BUREAU VERITAS SA | Equity |  | 4483722 |
| BYD COMPANY LTD H | Equity |  | 270759 |
| CAE INC | Equity |  | 173675 |
| CALLEBAUT (BARRY) AG | Equity |  | 235776 |
| CAMECO CORP | Equity |  | 1380553 |
| CANADIAN NATL RAILWAY CO | Equity |  | 11798341 |
| CANADIAN PACIFIC KANSAS CITY LTD | Equity |  | 477439 |
| CANON INC | Equity |  | 334224 |
| CAPCOM CO LTD | Equity |  | 195789 |
| CAPITALAND INVESTMENT LTD/SINGAPORE | Equity |  | 215889 |
| CAPITEC BANK HOLDINGS LIMITED | Equity |  | 2486955 |
| CAR GROUP LTD | Equity |  | 143242 |
| CCL INDUSTRIES INC B NON VTG | Equity |  | 122228 |
| CELESTICA INC | Equity |  | 296399 |
| CELLTRION INC | Equity |  | 354156 |
| CENCOSUD SA | Equity |  | 167387 |
| CHINA CONSTRUCTION BANK CORP H | Equity |  | 6253615 |
| CHINA MERCHANTS BANK CO LTD H | Equity |  | 1746952 |
| CHINA NATL BLDG MATERIAL CO H | Equity |  | 134205 |
| CHINA RUYI HOLDINGS LTD | Equity |  | 150827 |
| CHROMA ATE INC | Equity |  | 173035 |
| CHUGAI PHARMACEUTICAL CO LTD | Equity |  | 6189723 |
| CIE FINANCIERE RICHEMONT SA A | Equity |  | 21927089 |
| CLICKS GROUP LTD | Equity |  | 722528 |
| COCHLEAR LTD | Equity |  | 177604 |
| COLOPLAST AS CL B | Equity |  | 223180 |
| COMMERZBANK AG | Equity |  | 587201 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| COMMONWEALTH BK OF AUSTRALIA | Equity |  | 4329011 |
| COMPASS GROUP PLC | Equity |  | 608982 |
| COMPASS GROUP PLC | Equity |  | 10992782 |
| COMPUTERSHARE LTD | Equity |  | 124055 |
| CONSTELLATION SOFTWARE INC | Equity |  | 372822 |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD A (HSBC) (E | Equity |  | 4248300 |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD H | Equity |  | 207846 |
| CSL LIMITED | Equity |  | 384022 |
| CTS EVENTIM AG & CO KGAA | Equity |  | 10242504 |
| CYBER-ARK SOFTWARE LTD | Equity |  | 530811 |
| CYRELA BRAZIL REALTY SA EMPR | Equity |  | 933505 |
| DAIICHI SANKYO CO LTD | Equity |  | 339844 |
| DASSAULT AVIATION SA | Equity |  | 3581941 |
| DAVIDE CAMPARI MILANO NV | Equity |  | 7114658 |
| DELTA ELECTRONICS IND CO LTD | Equity |  | 491452 |
| DELTA ELECTRONICS IND CO LTD | Equity |  | 5160214 |
| DELTA ELECTRONICS IND CO LTD | Equity |  | 5304609 |
| DELTA ELECTRONICS THAI-NVDR | Equity |  | 207228 |
| DEMANT A/S | Equity |  | 128565 |
| DENSO CORP | Equity |  | 439480 |
| DESCARTES SYS GROUP INC | Equity |  | 135363 |
| DEUTSCHE BANK AG | Equity |  | 643664 |
| DEUTSCHE BOERSE AG | Equity |  | 8862360 |
| DEUTSCHE TELEKOM AG (REGD) | Equity |  | 155736 |
| DIAGEO PLC | Equity |  | 254661 |
| DIAGEO PLC | Equity |  | 8352077 |
| D'IETEREN SA | Equity |  | 163500 |
| DINO POLSKA SA | Equity |  | 237860 |
| DIPLOMA PLC | Equity |  | 8892267 |
| DISCO CORP | Equity |  | 276768 |
| DIVIS LABORATORIES LTD | Equity |  | 653107 |
| DLF LIMITED | Equity |  | 1253356 |
| DOLLARAMA INC | Equity |  | 548066 |
| DOLLARAMA INC | Equity |  | 5410118 |
| DONGFENG MOTOR GP CO LTD H | Equity |  | 154126 |
| DOOSAN CO LTD | Equity |  | 153899 |
| DOOSAN ENERBILITY | Equity |  | 180723 |
| DSV A/S | Equity |  | 521423 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| DSV A/S | Equity |  | 6719034 |
| E INK HOLDINGS INC | Equity |  | 176831 |
| EAST JAPAN RAILWAY CO | Equity |  | 284893 |
| EASTROC BEVERAGE GROUP CO LTD A (HSBC) (CWT) 04/21 | Equity |  | 2160163 |
| ECOPRO BM CO LTD | Equity |  | 185637 |
| ELBIT SYSTEMS LTD | Equity |  | 332660 |
| ELITE MATERIAL CO LTD | Equity |  | 209875 |
| ELITE MATERIAL CO LTD | Equity |  | 2933003 |
| EMAAR PROPERTIES | Equity |  | 3285177 |
| EMBRAER SA | Equity |  | 177855 |
| EMBRAER SA | Equity |  | 7162699 |
| ENDEAVOUR MINING PLC | Equity |  | 165764 |
| ENEOS HOLDINGS INC | Equity |  | 298234 |
| EQT AB | Equity |  | 333432 |
| EQUATORIAL ENERGIA SA | Equity |  | 302815 |
| ERSTE GROUP BANK AG | Equity |  | 635235 |
| ERSTE GROUP BANK AG | Equity |  | 9110963 |
| ESSILORLUXOTTICA | Equity |  | 4928761 |
| ESSILORLUXOTTICA | Equity |  | 21444026 |
| EVOLUTION MINING LTD | Equity |  | 254782 |
| EXPERIAN PLC | Equity |  | 564559 |
| FALABELLA SA | Equity |  | 119361 |
| FDJ UNITED | Equity |  | 121692 |
| FINECOBANK SPA | Equity |  | 7295651 |
| FINECOBANK SPA | Equity |  | 11255167 |
| FIRST QUANTUM MINERALS LTD | Equity |  | 160949 |
| FIRSTSERVICE CORP | Equity |  | 268416 |
| FISHER & PAYKEL HEALTHCARE CORP | Equity |  | 199502 |
| FLUTTER ENTERTAINMENT PLC | Equity |  | 7927726 |
| FRANCO-NEVADA CORP | Equity |  | 300150 |
| FRESNILLO PLC | Equity |  | 171673 |
| FUJIKURA LTD | Equity |  | 534423 |
| FUJITSU LTD | Equity |  | 467059 |
| FUTU HOLDINGS LTD ADR | Equity |  | 280471 |
| FUTURE CASH COLL MORGAN STANLEY | Equity |  | 12081507 |
| FUTURES CASH COLLATERAL | Equity |  | 2861087 |
| FUYAO GLASS INDUSTRY GROUP CO LTD H | Equity |  | 145060 |
| GALAXY ENT GROUP LTD | Equity |  | 108322 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| GALAXY ENT GROUP LTD | Equity |  | 1752852 |
| GALDERMA GROUP AG | Equity |  | 602477 |
| GALDERMA GROUP AG | Equity |  | 8680874 |
| GAMUDA BHD | Equity |  | 226297 |
| GEA GROUP AG | Equity |  | 130487 |
| GEBERIT AG (REG) | Equity |  | 11910150 |
| GEELY AUTO HLDGS LTD | Equity |  | 142598 |
| GENMAB AS | Equity |  | 500080 |
| GFL ENVIRONMENTAL INC | Equity |  | 178098 |
| GIGABYTE TECHNOLOGY CO LTD | Equity |  | 175077 |
| GILDAN ACTIVEWEAR INC | Equity |  | 370274 |
| GLOBAL UNICHIP CORP | Equity |  | 203336 |
| GOLD CIRCUIT ELECTRONICS LTD | Equity |  | 197212 |
| GOLD FIELDS LTD | Equity |  | 379070 |
| GOLD FIELDS LTD | Equity |  | 570226 |
| GOODMAN GROUP STAPLED UNIT | Equity |  | 351818 |
| GRAB HOLDINGS LTD CL A | Equity |  | 158642 |
| GRAB HOLDINGS LTD CL A | Equity |  | 1454086 |
| GRAB HOLDINGS LTD CL A | Equity |  | 6664444 |
| GRIFOLS | Equity |  | 110204 |
| GRUPO FINANCIERO BANORTE SAB | Equity |  | 1292319 |
| H WORLD GROUP LTD ADR | Equity |  | 235015 |
| HALEON PLC | Equity |  | 18958911 |
| HALMA PLC | Equity |  | 434556 |
| HANWHA AEROSPACE CO LTD | Equity |  | 274877 |
| HANWHA AEROSPACE CO LTD | Equity |  | 5840973 |
| HANWHA OCEAN CO LTD | Equity |  | 247657 |
| HARMONY GOLD MINING CO LTD | Equity |  | 247416 |
| HD HYUNDAI ELECTRIC CO LTD | Equity |  | 220724 |
| HD HYUNDAI ELECTRIC CO LTD | Equity |  | 4257663 |
| HD HYUNDAI HEAVY INDUSTRIES CO LTD | Equity |  | 193184 |
| HD HYUNDAI HEAVY INDUSTRIES CO LTD | Equity |  | 5534183 |
| HD HYUNDAI MARINE SOLUTION CO LTD | Equity |  | 1741222 |
| HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO LT | Equity |  | 223659 |
| HDFC BANK LTD (DEMAT) | Equity |  | 4231622 |
| HDFC BANK LTD (DEMAT) | Equity |  | 12392989 |
| HDFC BANK LTD SPON ADR | Equity |  | 9178702 |
| HEIDELBERG MATERIALS AG | Equity |  | 702084 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| HERMES INTERNATIONAL SA | Equity |  | 476311 |
| HERMES INTERNATIONAL SA | Equity |  | 6635934 |
| HITACHI LTD | Equity |  | 779238 |
| HITACHI LTD | Equity |  | 8852516 |
| HOCHTIEF AG | Equity |  | 107327 |
| HON HAI PRECISION IND CO LTD | Equity |  | 551400 |
| HON HAI PRECISION IND CO LTD | Equity |  | 6380803 |
| HONG KONG EXCHS & CLEARING LTD | Equity |  | 2225834 |
| HONG KONG EXCHS & CLEARING LTD | Equity |  | 5226782 |
| HORIZON ROBOTICS | Equity |  | 208302 |
| HOWDEN JOINERY GROUP PLC | Equity |  | 9126023 |
| HOYA CORP | Equity |  | 9798187 |
| HSBC HOLDINGS PLC | Equity |  | 162542 |
| HUA HONG SEMICONDUCTOR LTD | Equity |  | 181389 |
| HYBE CO LTD | Equity |  | 208822 |
| HYOSUNG HEAVY INDUSTRIES CO LTD | Equity |  | 180420 |
| HYUNDAI ROBOTICS CO LTD | Equity |  | 208612 |
| HYUNDAI ROTEM CO LTD | Equity |  | 208078 |
| ICG PLC | Equity |  | 5122906 |
| ICICI BANK LTD (DEMAT) | Equity |  | 2557969 |
| IDEMITSU KOSAN CO LTD | Equity |  | 247717 |
| IMPALA PLATINUM HOLDINGS LTD | Equity |  | 246068 |
| IMPERIAL BRANDS PLC | Equity |  | 213828 |
| INDIAN HOTELS LTD | Equity |  | 1591592 |
| INDITEX SA | Equity |  | 8370233 |
| INDITEX SA | Equity |  | 10077279 |
| INDITEX SA | Equity |  | 13110725 |
| INDUSTRIAS PENOLES SAB DE CV | Equity |  | 278646 |
| INDUTRADE AB | Equity |  | 144843 |
| INFINEON TECHNOLOGIES AG | Equity |  | 399151 |
| INFINEON TECHNOLOGIES AG | Equity |  | 6564049 |
| INFORMA PLC | Equity |  | 175080 |
| INNOVENT BIOLOGICS INC | Equity |  | 200846 |
| INTERCONTINENTAL HOTELS GP PLC | Equity |  | 338389 |
| INTERCONTINENTAL HOTELS GP PLC | Equity |  | 25585761 |
| INTERNATIONAL GAMES SYS CO LTD | Equity |  | 206972 |
| INTERTEK GROUP PLC | Equity |  | 8343130 |
| INTERTEK GROUP PLC | Equity |  | 8820342 |
| INTESA SANPAOLO SPA | Equity |  | 458730 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| INTL CONTAINER TERMINL SRV INC | Equity |  | 213973 |
| ISRAEL DISCOUNT BANK LTD CL A | Equity |  | 197617 |
| J&T GLOBAL EXPRESS LIMITED | Equity |  | 134272 |
| JAMES HARDIE INDUSTRES PLC CDI | Equity |  | 4675552 |
| JAPAN POST BANK CO LTD | Equity |  | 279228 |
| JD HEALTH INTERNATIONAL INC | Equity |  | 1725394 |
| JENTECH PRECISION INDUS CO LTD | Equity |  | 87554 |
| JERONIMO MARTINS & FILHO SGPS | Equity |  | 219572 |
| JFE HOLDINGS INC | Equity |  | 232090 |
| JULIUS BAER GRUPPE AG | Equity |  | 179377 |
| KAJIMA CORP | Equity |  | 432112 |
| KAKAO CORP | Equity |  | 236775 |
| KAWASAKI HEAVY INDUSTRIES LTD | Equity |  | 238560 |
| KB FINANCIAL GROUP INC | Equity |  | 3022692 |
| KBC GROUPE SA | Equity |  | 457855 |
| KEYENCE CORP | Equity |  | 253294 |
| KEYENCE CORP | Equity |  | 5045258 |
| KEYENCE CORP | Equity |  | 6802758 |
| KEYENCE CORP | Equity |  | 20444459 |
| KING SLIDE WORKS CO LTD | Equity |  | 119610 |
| KINGDEE INTL SFTWRE GRP CO LTD | Equity |  | 155395 |
| KINGFISHER PLC | Equity |  | 180901 |
| KINGSPAN GROUP PLC | Equity |  | 218811 |
| KINROSS GOLD CORP | Equity |  | 231923 |
| KIOXIA HOLDINGS CORPORATION | Equity |  | 239824 |
| KIRIN HOLDINGS CO LTD | Equity |  | 164888 |
| KLARNA GROUP PLC | Equity |  | 4495418 |
| KNORR-BREMSE AG | Equity |  | 177123 |
| KOBE BUSSAN CO LTD | Equity |  | 133076 |
| KOC HLDG AS | Equity |  | 163912 |
| KONAMI GROUP CORPORATION | Equity |  | 258727 |
| KONGSBERG GRUPPEN ASA | Equity |  | 185612 |
| KOREA AEROSPACE INDUSTRIES LTD | Equity |  | 227097 |
| KOREA ELECTRIC POWER CORP | Equity |  | 233703 |
| KUAISHOU TECHNOLOGY CLASS B | Equity |  | 255547 |
| KUAISHOU TECHNOLOGY CLASS B | Equity |  | 1478228 |
| LAOPU GOLD CO LTD H | Equity |  | 1659604 |
| LAOPU GOLD CO LTD H | Equity |  | 4277967 |
| LARSEN & TOUBRO LTD GDR | Equity |  | 6136416 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| LEGAL & GENERAL GROUP PLC ORD | Equity |  | 254823 |
| LEGRAND SA | Equity |  | 182893 |
| LEONARDO SPA | Equity |  | 401695 |
| LG CHEMICAL LTD | Equity |  | 148567 |
| LG CORP | Equity |  | 236182 |
| LG ENERGY SOLUTION | Equity |  | 208383 |
| LI AUTO INC CL A | Equity |  | 164985 |
| LIFCO AB | Equity |  | 171249 |
| LINDE PLC | Equity |  | 1724321 |
| LINDE PLC | Equity |  | 13326357 |
| LLOYDS BANKING GROUP PLC | Equity |  | 488299 |
| LOCALIZA RENT A CAR SA | Equity |  | 10595 |
| LOCALIZA RENT A CAR SA | Equity |  | 289420 |
| LONDON STOCK EXCHANGE GRP PLC | Equity |  | 465177 |
| LONDON STOCK EXCHANGE GRP PLC | Equity |  | 8509783 |
| LONDON STOCK EXCHANGE GRP PLC | Equity |  | 27963714 |
| LONZA GROUP AG | Equity |  | 719013 |
| LONZA GROUP AG | Equity |  | 5151908 |
| LONZA GROUP AG | Equity |  | 9283347 |
| L'OREAL SA (TEMP) | Equity |  | 10901680 |
| L'OREAL SA ORD | Equity |  | 2541887 |
| L'OREAL SA ORD | Equity |  | 4278125 |
| LOTUS BAKERIES | Equity |  | 110704 |
| LS ELECTRIC CO LTD | Equity |  | 158948 |
| LVMH MOET HENNESSY LOUIS VUITTON SE | Equity |  | 163729 |
| LVMH MOET HENNESSY LOUIS VUITTON SE | Equity |  | 10924354 |
| LVMH MOET HENNESSY LOUIS VUITTON SE | Equity |  | 22397502 |
| LY CORPORATION | Equity |  | 257021 |
| LYNAS RARE EARTHS LTD | Equity |  | 114715 |
| M3 INC | Equity |  | 106618 |
| MAHINDRA & MAHINDRA LTD(DEMAT)DEMATERIALIZED SHS | Equity |  | 4565030 |
| MAKEMYTRIP LIMITED | Equity |  | 1162819 |
| MARKS & SPENCER GROUP PLC | Equity |  |  |
| MAX HEALTHCARE INSTITUTE LTD | Equity |  | 451572 |
| MEITUAN CL B | Equity |  | 395536 |
| MERCADOLIBRE INC | Equity |  | 807718 |
| MERCADOLIBRE INC | Equity |  | 5934010 |
| MERIDIAN ENERGY LTD | Equity |  | 135110 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| METSO CORPORATION | Equity |  | 167137 |
| MINEBEA MITSUMI INC | Equity |  | 246644 |
| MINOR INTERNATIONAL PCL NVDR | Equity |  | 100687 |
| MITSUBISHI CHEMICAL GROUP CORP | Equity |  | 236603 |
| MITSUBISHI ELECTRIC CORP ORD | Equity |  | 602981 |
| MITSUBISHI HEAVY INDS LTD | Equity |  | 715832 |
| MITSUBISHI UFJ FINL GRP INC | Equity |  | 826013 |
| MITSUI FUDOSAN CO | Equity |  | 169366 |
| MIZRAHI TEFAHOT BANK LTD | Equity |  | 146239 |
| MIZUHO FINANCIAL GROUP INC | Equity |  | 280197 |
| MMG LTD | Equity |  | 184805 |
| MONDAY.COM LTD | Equity |  | 120704 |
| MOWI ASA | Equity |  | 311672 |
| MTN GROUP LTD | Equity |  | 168415 |
| MTU AERO ENGINES AG | Equity |  | 318590 |
| MTU AERO ENGINES AG | Equity |  | 11697623 |
| NASPERS LTD N SHS | Equity |  | 465415 |
| NASPERS LTD N SHS | Equity |  | 4479468 |
| NATIONAL BANK OF GREECE SA | Equity |  | 2988787 |
| NATWEST GROUP PLC | Equity |  | 322172 |
| NEC CORP | Equity |  | 427132 |
| NEMETSCHEK SE | Equity |  | 183764 |
| NESTLE SA (REG) | Equity |  | 553894 |
| NESTLE SA (REG) | Equity |  | 19418690 |
| NEXT PLC | Equity |  | 127236 |
| NICE LTD | Equity |  | 198591 |
| NIDEC CORP | Equity |  | 205523 |
| NINTENDO CO LTD | Equity |  | 500530 |
| NINTENDO CO LTD | Equity |  | 5821027 |
| NIPPON PAINT HOLDINGS CO LTD | Equity |  | 191926 |
| NITTO DENKO CORP (NITTO ELECTRIC) | Equity |  | 4027113 |
| NN GROUP NV | Equity |  | 234013 |
| NOMURA RESEARCH INSTITUTE LTD | Equity |  | 123003 |
| NORSK HYDRO AS ORD | Equity |  | 262629 |
| NORTHERN STAR RESOURCES LTD | Equity |  | 373391 |
| NOVA MEASURING INSTRUMENTS LTD | Equity |  | 213920 |
| NOVARTIS AG (REG) | Equity |  | 548761 |
| NOVONESIS (NOVOZYMES) B | Equity |  | 298103 |
| NOVO-NORDISK AS CL B | Equity |  | 158386 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| NOVO-NORDISK AS CL B | Equity |  | 12121501 |
| NU HOLDINGS LTD/CAYMAN ISLANDS | Equity |  | 631567 |
| NU HOLDINGS LTD/CAYMAN ISLANDS | Equity |  | 3180600 |
| OBIC CO LTD | Equity |  | 273375 |
| ORIX CORP | Equity |  | 456447 |
| OTP BANK (REG) | Equity |  | 6006497 |
| PAN AM SILVER CORP | Equity |  | 162897 |
| PAN PACIFIC INTERNATIONAL HOLDINGS LTD | Equity |  | 263668 |
| PANASONIC HOLDINGS CORP | Equity |  | 213150 |
| PARTNERS GROUP HOLDING AG | Equity |  | 4748907 |
| PICC PROPERTY & CASUALTY CO H | Equity |  | 2572968 |
| PIOTECH INC-A (HSBC) (ELN) 01/10/2028 | Equity |  | 844330 |
| PIRAEUS BANK SA | Equity |  | 1227939 |
| POP MART INTERNATIONAL GROUP LTD | Equity |  | 212235 |
| PRIO SA | Equity |  | 164781 |
| PRO MEDICUS LTD | Equity |  | 140617 |
| PROSUS NV | Equity |  | 897355 |
| PRUDENTIAL PLC | Equity |  | 199984 |
| PRUDENTIAL PLC | Equity |  | 8353537 |
| PRYSMIAN SPA | Equity |  | 462497 |
| PUBLIC POWER CORP OF GREECE | Equity |  | 166297 |
| PUBLICIS GROUPE SA | Equity |  | 5179088 |
| QANTAS AIRWAYS LTD | Equity |  | 111554 |
| QUANTA COMPUTER INC | Equity |  | 312325 |
| RAIA DROGASIL SA | Equity |  | 229161 |
| RAKUTEN GROUP INC | Equity |  | 239078 |
| RATIONAL AG | Equity |  | 8653959 |
| RB GLOBAL INC | Equity |  | 320703 |
| REA GROUP LTD | Equity |  | 118591 |
| RECKITT BENCKISER GROUP PLC | Equity |  | 280170 |
| RECORDATI SPA | Equity |  | 175240 |
| RECRUIT HOLDINGS CO LTD | Equity |  | 316287 |
| REDE D'OR SAO LUIZ SA | Equity |  | 198613 |
| REDE D'OR SAO LUIZ SA | Equity |  | 1279125 |
| RELIANCE INDS GDR | Equity |  | 5980520 |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | Equity |  | 1636528 |
| RELX PLC | Equity |  | 10347467 |
| RENAULT SA ORD | Equity |  | 117967 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| RESONA HOLDINGS INC | Equity |  | 213504 |
| RESONA HOLDINGS INC | Equity |  | 6114028 |
| RHEINMETALL AG ORD | Equity |  | 599877 |
| RHEINMETALL AG ORD | Equity |  | 8179978 |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | Equity |  | 603696 |
| ROLLS-ROYCE HOLDINGS PLC | Equity |  | 970281 |
| ROLLS-ROYCE HOLDINGS PLC | Equity |  | 7004117 |
| RUIJIE NETWORKS CO LTD (HSBC) (ELN) 10/22/2027 | Equity |  | 2026464 |
| RYANAIR HOLDINGS PLC | Equity |  | 462635 |
| RYANAIR HOLDINGS PLC SPON ADR | Equity |  | 6926847 |
| RYOHIN KEIKAKU CO LTD | Equity |  | 156292 |
| S&P GLOBAL INC | Equity |  | 16191406 |
| SAAB AB CL B | Equity |  | 285544 |
| SABESP ON (CIA SANEAM BASICO) | Equity |  | 2030176 |
| SAFRAN SA | Equity |  | 878654 |
| SAFRAN SA | Equity |  | 7727195 |
| SAINSBURY (J) PLC | Equity |  | 91367 |
| SALMAR ASA | Equity |  | 173611 |
| SAMSUNG BIOLOGICS CO LTD | Equity |  | 281083 |
| SAMSUNG BIOLOGICS CO LTD | Equity |  | 1953467 |
| SAMSUNG ELECTRONICS CO LTD | Equity |  | 2080486 |
| SAMSUNG ELECTRONICS CO LTD | Equity |  | 17985458 |
| SAMSUNG HEAVY INDS CO LTD | Equity |  | 251981 |
| SANDVIK AB | Equity |  | 439154 |
| SANRIO CO LTD | Equity |  | 113006 |
| SAP SE | Equity |  | 1376318 |
| SAP SE | Equity |  | 7617619 |
| SAP SE | Equity |  | 11602601 |
| SAP SE | Equity |  | 16567728 |
| SARTORIUS AG PFD NON VTG | Equity |  | 197837 |
| SARTORIUS STEDIM BIOTECH | Equity |  | 154245 |
| SARTORIUS STEDIM BIOTECH | Equity |  | 10269015 |
| SCHINDLER HOLDING AG PART CERT | Equity |  | 15066142 |
| SCHNEIDER ELECTRIC SE | Equity |  | 873988 |
| SCHNEIDER ELECTRIC SE | Equity |  | 10771646 |
| SCHNEIDER ELECTRIC SE | Equity |  | 12739362 |
| SCOUT24 SE | Equity |  | 204185 |
| SCSK CORP | Equity |  | 148122 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SEA LTD ADR | Equity |  | 419578 |
| SEA LTD ADR | Equity |  | 878319 |
| SEA LTD ADR | Equity |  | 9145748 |
| SECOM CO LTD | Equity |  | 9000374 |
| SEVERN TRENT PLC | Equity |  | 295003 |
| SGH LTD | Equity |  | 165160 |
| SHANDONG GOLD-MINING CO LTD H | Equity |  | 175607 |
| SHELL PLC | Equity |  | 341527 |
| SHOPIFY INC CL A | Equity |  | 952077 |
| SHOPIFY INC CL A | Equity |  | 8235708 |
| SIBANYE STILLWATER LTD | Equity |  | 217942 |
| SIEMENS AG (REGD) | Equity |  | 306625 |
| SIEMENS ENERGY AG | Equity |  | 811327 |
| SIEMENS ENERGY INDIA LTD | Equity |  | 1322955 |
| SIEYUAN ELECTRIC CO LTD WT 11/15/27 | Equity |  | 2285572 |
| SIGMA HEALTHCARE LTD | Equity |  | 171083 |
| SINGAPORE TECH ENGINEERING LTD | Equity |  | 202410 |
| SK HYNIX INC | Equity |  | 1316247 |
| SK HYNIX INC | Equity |  | 11390908 |
| SK HYNIX INC | Equity |  | 13721215 |
| SK SQUARE CO LTD | Equity |  | 365388 |
| SKANSKA AB SER B | Equity |  | 232555 |
| SMC CORP | Equity |  | 3678414 |
| SMITH & NEPHEW PLC | Equity |  | 324839 |
| SOC QUIMICA Y MIN CH PFD B | Equity |  | 229395 |
| SOCIETE GENERALE SA CL A | Equity |  | 765845 |
| SOFTBANK GROUP CORP | Equity |  | 5154270 |
| SONY GROUP CORP | Equity |  | 154137 |
| SONY GROUP CORP | Equity |  | 8729413 |
| SOUTHERN COPPER CORP | Equity |  | 3309136 |
| SPIRAX GROUP PLC | Equity |  | 4614344 |
| SPOTIFY TECHNOLOGY SA | Equity |  | 795573 |
| SPOTIFY TECHNOLOGY SA | Equity |  | 5430219 |
| STANDARD CHARTERED PLC | Equity |  | 337376 |
| STANTEC INC | Equity |  | 172970 |
| STANTEC INC | Equity |  | 5185801 |
| STORA ENSO AB R 1/10 VTG(FINL) | Equity |  | 145582 |
| STRAUMANN HOLDG AG (REGD) | Equity |  | 307954 |
| SUMITOMO ELECTRIC INDS LTD | Equity |  | 177669 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SUMITOMO MITSUI FINL GROUP INC | Equity |  | 376530 |
| SUMITOMO MITSUI TRUST GROUP INC | Equity |  | 131136 |
| SWEDISH ORPHAN BIOVITRUM AB | Equity |  | 190755 |
| SYMRISE AG | Equity |  | 11765597 |
| TAISEI CORP | Equity |  | 359889 |
| TAIWAN SEMIC MFG CO LTD SP ADR | Equity |  | 25780204 |
| TAIWAN SEMIC MFG CO LTD SP ADR | Equity |  | 43772923 |
| TAIWAN SEMICONDUCTOR MFG CO LTD | Equity |  | 5339372 |
| TAIWAN SEMICONDUCTOR MFG CO LTD | Equity |  | 38647563 |
| TAIWAN SEMICONDUCTOR MFG CO LTD | Equity |  | 40663275 |
| TECHTRONIC INDUSTRIES CO LTD | Equity |  | 236801 |
| TENCENT HOLDINGS LTD | Equity |  | 2193519 |
| TENCENT HOLDINGS LTD | Equity |  | 15787179 |
| TENCENT HOLDINGS LTD | Equity |  | 18314652 |
| TENCENT HOLDINGS LTD | Equity |  | 20164981 |
| TENCENT MUSIC ENTERTAINMENT ADR | Equity |  | 199264 |
| TENCENT MUSIC ENTERTAINMENT ADR | Equity |  | 1989655 |
| TERUMO CORP | Equity |  | 440552 |
| TESCO PLC | Equity |  | 217849 |
| THE SAGE GROUP PLC | Equity |  | 352958 |
| TIM SA | Equity |  |  |
| TMX GROUP LTD | Equity |  | 178203 |
| TOKYO ELECTRON LTD | Equity |  | 8282022 |
| TOKYO GAS CO LTD | Equity |  | 332750 |
| TORAY INDUSTRIES INC | Equity |  | 293680 |
| TOTVS SA | Equity |  | 172014 |
| TOYOTA MOTOR CORP | Equity |  | 209964 |
| TRANSURBAN GROUP STAPLED UNIT | Equity |  | 312248 |
| TRIP.COM GROUP LTD | Equity |  | 167281 |
| TRIP.COM GROUP LTD ADR | Equity |  | 10590114 |
| TUPRAS TURKIY PETROL RAFINE AS | Equity |  | 135544 |
| TVS MOTOR CO LTD | Equity |  | 3040722 |
| TVS MOTOR CO LTD PFD 6% 08/25/2026 | Equity |  |  |
| UBS GROUP AG | Equity |  | 1381206 |
| UBS GROUP AG | Equity |  | 7380148 |
| UBS GROUP AG | Equity |  | 16171038 |
| UCB SA | Equity |  | 669321 |
| UNICHARM CORP | Equity |  | 1134748 |
| UNICREDIT SPA | Equity |  | 771110 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| UNILEVER PLC ORD | Equity |  | 9356527 |
| UNITED UTILITIES GROUP PLC | Equity |  | 310093 |
| UNIVERSAL MUSIC GROUP NV | Equity |  | 390381 |
| UNIVERSAL MUSIC GROUP NV | Equity |  | 5079921 |
| UNIVERSAL MUSIC GROUP NV | Equity |  | 10299374 |
| UPM KYMMENE CORP | Equity |  | 263889 |
| VAT GROUP AG | Equity |  | 186105 |
| VEOLIA ENVIRONNEMENT | Equity |  | 362926 |
| VESTAS WIND SYSTEMS AS | Equity |  | 421410 |
| WARTSILA | Equity |  | 263944 |
| WHEATON PRECIOUS METALS CORP | Equity |  | 374436 |
| WISE PLC | Equity |  | 5265203 |
| WISETECH GLOBAL LTD | Equity |  | 141995 |
| WISTRON CORP | Equity |  | 288020 |
| WIWYNN CORP | Equity |  | 143053 |
| WOOLWORTHS GROUP LTD | Equity |  | 319806 |
| WSP GLOBAL INC | Equity |  | 316682 |
| WUXI APPTEC CO LTD H | Equity |  | 1457159 |
| WUXI BIOLOGICS (CAYMAN) INC | Equity |  | 155530 |
| XERO LTD | Equity |  | 202935 |
| XIAOMI CORP B | Equity |  | 484768 |
| XIAOMI CORP B | Equity |  | 1443193 |
| XPENG INC CL A | Equity |  | 268147 |
| YANGZIJIANG SHIPBLDG HLDGS LTD | Equity |  | 141593 |
| YARA INTERNATIONAL ASA | Equity |  | 220020 |
| YOKOGAWA ELECTRIC | Equity |  | 153708 |
| ZABKA GROUP SA | Equity |  | 107483 |
| ZABKA GROUP SA | Equity |  | 6798060 |
| ZHAOJIN MINING INDUST CO LTD H | Equity |  | 225138 |
| ZHEJIANG CHINA COM CITY GR LTD CWT 07/23/2027 | Equity |  | 1410335 |
| ZIJIN MINING GROUP CO LTD H | Equity |  | 219934 |
| ZURICH INSURANCE GROUP AG | Equity |  | 225647 |
| **Common Collective Trusts** |  |  |  |
| SSBK GOVT STIF FUND | Common collective trust |  | 91281526 |
| **International Growth Account Total** |  |  | 1846721849 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| **International Value Account** |  |  |  |
| **Currency** |  |  |  |
| AUSTRALIAN DOLLAR CURRENCY | Currency |  | 1178236 |
| BRAZILIAN REAL | Currency |  | 233871 |
| BRITISH POUND STERLING CURRENCY | Currency |  | 1773648 |
| CANADIAN DOLLAR | Currency |  | 1653143 |
| CHINESE RENMINBI | Currency |  | 24051 |
| DANISH KRONE | Currency |  | 203200 |
| EURO MONETARY UNIT. | Currency |  | 3915437 |
| HONG KONG DOLLAR | Currency |  | 428633 |
| ISRAELI SHEKEL | Currency |  | 386778 |
| JAPANESE YEN | Currency |  | 1404458 |
| MALAYSIAN RINGGIT | Currency |  | 3236 |
| NORWEGIAN KRONA | Currency |  | 158527 |
| PHILIPPINE PESO | Currency |  | 37455 |
| POLAND ZLOTY NEW | Currency |  |  |
| SINGAPORE DOLLAR CURRENCY | Currency |  | 899530 |
| SOUTH KOREAN WON | Currency |  | 829947 |
| SWEDISH KRONA CURRENCY | Currency |  | 505979 |
| SWISS FRANC | Currency |  | 651038 |
| TAIWAN DOLLAR | Currency |  | 1055358 |
| **Equity** |  |  |  |
| 3I GROUP PLC | Equity |  | 1066910 |
| 3I GROUP PLC | Equity |  | 1314538 |
| ABB LTD | Equity |  | 4982076 |
| ABN AMRO BANK NV-GDR | Equity |  | 866513 |
| ABN AMRO BANK NV-GDR | Equity |  | 1612874 |
| ABN AMRO BANK NV-GDR | Equity |  | 2823073 |
| ABSA GROUP LTD | Equity |  | 6179116 |
| ACCELLERON INDUSTRIES LTD | Equity |  | 2348862 |
| ACCENTURE PLC CL A | Equity |  | 4525953 |
| ACCOR SA | Equity |  | 3529122 |
| ADECCO GROUP AG | Equity |  | 807755 |
| AEGON LTD | Equity |  | 479460 |
| AEGON LTD | Equity |  | 4761364 |
| AGEAS | Equity |  | 533964 |
| AGEAS | Equity |  | 1609202 |
| AGEAS | Equity |  | 2457937 |
| AIA GROUP LTD | Equity |  | 1096447 |
| AIA GROUP LTD | Equity |  | 15116188 |
| AIB GROUP PLC | Equity |  | 614448 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| AIB GROUP PLC | Equity |  | 2232872 |
| AIB GROUP PLC | Equity |  | 3699963 |
| ALFRESA HOLDINGS CORP | Equity |  | 436258 |
| ALIBABA GROUP HOLDING LTD | Equity |  | 375940 |
| ALIBABA GROUP HOLDING LTD | Equity |  | 5963226 |
| ALIBABA GROUP HOLDING LTD | Equity |  | 10515461 |
| ALLIANZ SE (REGD) | Equity |  | 2538721 |
| ALLIANZ SE (REGD) | Equity |  | 4471674 |
| ALPS ALPINE CO LTD | Equity |  | 176518 |
| ALROSA CO LTD | Equity |  | 15 |
| AMADA CO LTD | Equity |  | 458034 |
| AMADA CO LTD | Equity |  | 827630 |
| AMBEV SA | Equity |  | 1381121 |
| AMBEV SA | Equity |  | 4221928 |
| AMERICA MOVIL SAB DE CV SPON ADR | Equity |  | 1642066 |
| AMG CRITICAL MATERIALS N.V. | Equity |  | 327716 |
| AMOREPACIFIC NEW | Equity |  | 7380621 |
| AMPOL LTD | Equity |  | 1521426 |
| AMS-OSRAM AG | Equity |  | 133235 |
| AMUNDI SA | Equity |  | 257287 |
| AMUNDI SA | Equity |  | 6689219 |
| ANGLO AMERICAN PLC | Equity |  | 1026923 |
| ANZ GROUP HOLDINGS LTD | Equity |  | 2724195 |
| ARCELORMITTAL SA | Equity |  | 8993715 |
| ARKEMA | Equity |  | 727963 |
| ARKEMA | Equity |  | 5904788 |
| ARKEMA | Equity |  | 6786458 |
| ASM INTERNATIONAL NV (NETH) | Equity |  | 2399070 |
| ASML HOLDING NV | Equity |  | 1101237 |
| ASMPT LTD | Equity |  | 841325 |
| ASMPT LTD | Equity |  | 6144192 |
| ASR NEDERLAND NV | Equity |  | 566363 |
| ASTRA INTL TBK PT (DEMAT) | Equity |  | 8565863 |
| ASTRAZENECA PLC | Equity |  | 15199224 |
| AUMOVIO SE | Equity |  | 436808 |
| AUTOLIV INC | Equity |  | 7797759 |
| AVIVA PLC | Equity |  | 1254014 |
| AXA SA | Equity |  | 1742915 |
| AXA SA | Equity |  | 2440986 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| AXA SA | Equity |  | 3649686 |
| AXIS BK LTD | Equity |  | 8502446 |
| AYALA LAND INC | Equity |  | 5583504 |
| B3 SA BRASIL BOLSA BALCAO | Equity |  | 6010424 |
| BAE SYSTEMS PLC | Equity |  | 11577577 |
| BAIDU INC CL A | Equity |  | 1834971 |
| BAIDU INC CL A | Equity |  | 12212889 |
| BANCA MONTE DEI PASCH SIEN SPA | Equity |  | 1007754 |
| BANCO BILBAO VIZ ARGENTARIA SA | Equity |  | 3607812 |
| BANCO BPM SPA | Equity |  | 808204 |
| BANCO BPM SPA | Equity |  | 890846 |
| BANCO BRADES SA PFD SPON ADR | Equity |  | 2325382 |
| BANCO COMERCIAL PORTUGUE (REG) | Equity |  | 388086 |
| BANCO DE SABADELL SA | Equity |  | 1031520 |
| BANCO DE SABADELL SA | Equity |  | 4882605 |
| BANCO DO BRASIL SA | Equity |  | 3249348 |
| BANCO SANTANDER SA | Equity |  | 4621091 |
| BANK HAPOALIM LTD (REG) | Equity |  | 1177692 |
| BANK HAPOALIM LTD (REG) | Equity |  | 2049473 |
| BANK LEUMI LE-ISRAEL BM | Equity |  | 894741 |
| BANK LEUMI LE-ISRAEL BM | Equity |  | 1279033 |
| BANK MANDIRI (PERSERO) PT | Equity |  | 11325456 |
| BANK NEGARA INDO PT TBK(DEMAT) | Equity |  | 991605 |
| BANK OF CHINA HONG KONG LTD | Equity |  | 1964613 |
| BANK OF IRELAND GROUP PLC | Equity |  | 936562 |
| BANK OF IRELAND GROUP PLC | Equity |  | 2231600 |
| BANK OF IRELAND GROUP PLC | Equity |  | 10202577 |
| BANK OF MONTREAL | Equity |  | 2760209 |
| BANK OF NOVA SCOTIA | Equity |  | 597401 |
| BANK OF NOVA SCOTIA | Equity |  | 2834706 |
| BANK RAKYAT INDONESIA TBK PT | Equity |  | 2538032 |
| BANKINTER SA | Equity |  | 566454 |
| BARCLAYS PLC ORD | Equity |  | 3067912 |
| BARCLAYS PLC ORD | Equity |  | 3820150 |
| BARCLAYS PLC ORD | Equity |  | 7547749 |
| BARRICK MINING CORP | Equity |  | 1522335 |
| BASF SE | Equity |  | 1903623 |
| BASF SE | Equity |  | 10701392 |
| BAWAG GROUP AG | Equity |  | 449800 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| BAYER AG | Equity |  | 8078038 |
| BDO UNIBANK INC | Equity |  | 6696417 |
| BEAZLEY PLC/UK | Equity |  | 1870238 |
| BHP GROUP LIMITED | Equity |  | 5060637 |
| BHP GROUP LIMITED | Equity |  | 7637494 |
| BIDVEST GROUP LTD | Equity |  | 6187274 |
| BIPROGY INC | Equity |  | 238487 |
| BIPROGY INC | Equity |  | 5053159 |
| BIZLINK HOLDING INC | Equity |  | 23087691 |
| BNP PARIBAS | Equity |  | 2764496 |
| BNP PARIBAS | Equity |  | 2970051 |
| BNP PARIBAS | Equity |  | 6562083 |
| BNP PARIBAS | Equity |  | 14800599 |
| BOARDWALK REIT UNIT | Equity |  | 1714706 |
| BOLIDEN AB | Equity |  | 2228905 |
| BP PLC | Equity |  | 2654577 |
| BPER BANCA | Equity |  | 744025 |
| BPER BANCA | Equity |  | 2022232 |
| BRADESCO SA PREF (BANCO BRAESCO) | Equity |  | 4714346 |
| BRADESCO SA PREF (BANCO BRAESCO) | Equity |  | 5440120 |
| BRAMBLES LTD | Equity |  | 722970 |
| BRIDGESTONE CORP | Equity |  | 4293792 |
| BRITISH AMERICAN TOBACCO PLC | Equity |  | 4979828 |
| BRITISH LAND CO PLC | Equity |  | 898589 |
| BT GROUP PLC | Equity |  | 1732801 |
| BUDWEISER BREWING CO APAC LTD | Equity |  | 6596465 |
| BURBERRY GROUP PLC | Equity |  | 768618 |
| BURBERRY GROUP PLC | Equity |  | 998875 |
| CAIXABANK SA | Equity |  | 1705238 |
| CAIXABANK SA | Equity |  | 1738822 |
| CANADIAN APT PPTY REIT TR UNIT | Equity |  | 2562674 |
| CANADIAN IMP BK OF COMMERCE | Equity |  | 2627938 |
| CAPGEMINI SA (FF40) | Equity |  | 11108593 |
| CARREFOUR SA (SUPERMARCHE) | Equity |  | 1416062 |
| CCL INDUSTRIES INC B NON VTG | Equity |  | 1781312 |
| CENTRICA PLC | Equity |  | 2311938 |
| CHIBA BANK LTD | Equity |  | 580286 |
| CHIBA BANK LTD | Equity |  | 1664863 |
| CHIBA BANK LTD | Equity |  | 8488915 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CHINA HONGXING SPORTS LTD | Equity |  | 28 |
| CHINA INTERNATIONAL CAPITAL CORP LTD H | Equity |  | 5221687 |
| CHINA MENGNIU DAIRY CO LTD | Equity |  | 747770 |
| CHINA MENGNIU DAIRY CO LTD | Equity |  | 6920905 |
| CHINA MERCHANTS BANK CO LTD H | Equity |  | 4654015 |
| CHINA MERCHANTS BANK CO LTD H | Equity |  | 7421824 |
| CHINA OVERSEAS LAND & INV LTD | Equity |  | 3343971 |
| CK ASSET HOLDINGS LTD | Equity |  | 1043286 |
| CK ASSET HOLDINGS LTD | Equity |  | 1684919 |
| CK HUTCHISON HOLDINGS LTD | Equity |  | 1147746 |
| CNH INDUSTRIAL NV | Equity |  | 4795174 |
| COCA COLA BOTTLERS JAPAN HOLDINGS INC | Equity |  | 18208 |
| COCA-COLA ICECEK SANAYI AS | Equity |  | 124351 |
| COMMERZBANK AG | Equity |  | 1034272 |
| COMMONWEALTH BK OF AUSTRALIA | Equity |  | 1529229 |
| CONTINENTAL AG | Equity |  | 965667 |
| CONTINENTAL AG | Equity |  | 5817882 |
| COSAN SA INDUSTRIA E COMERCIO | Equity |  | 5376066 |
| COSMO ENERGY HOLDINGS CO LTD | Equity |  | 692990 |
| COWAY CO LTD | Equity |  | 320834 |
| CREDIT AGRICOLE SA | Equity |  | 1066032 |
| CREDIT AGRICOLE SA | Equity |  | 1334216 |
| DAI-ICHI LIFE HOLDINGS INC | Equity |  | 455443 |
| DAI-ICHI LIFE HOLDINGS INC | Equity |  | 617465 |
| DAI-ICHI LIFE HOLDINGS INC | Equity |  | 1975555 |
| DAIICHI SANKYO CO LTD | Equity |  | 297097 |
| DAIICHI SANKYO CO LTD | Equity |  | 4678736 |
| DAIKIN INDUSTRIES LTD | Equity |  | 10896323 |
| DAIMLER TRUCK HOLDING AG | Equity |  | 1692147 |
| DAIMLER TRUCK HOLDING AG | Equity |  | 10300248 |
| DAIMLER TRUCK HOLDING AG | Equity |  | 11078867 |
| DAIWA SECURITIES GROUP INC | Equity |  | 1052548 |
| DANONE SA | Equity |  | 755241 |
| DANSKE BK AS | Equity |  | 1274470 |
| DANSKE BK AS | Equity |  | 3576677 |
| DANSKE BK AS | Equity |  | 9710516 |
| DBS GROUP HOLDINGS LTD | Equity |  | 3243002 |
| DCC PLC | Equity |  | 1085124 |
| DENTSU GROUP INC | Equity |  | 1081191 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| DERWENT LONDON PLC | Equity |  | 5296554 |
| DEUTSCHE BANK AG | Equity |  | 2180760 |
| DIAGEO PLC | Equity |  | 5812387 |
| DNB BANK ASA | Equity |  | 705258 |
| DOLLARAMA INC | Equity |  | 816794 |
| DRAX GROUP PLC | Equity |  | 1879367 |
| EASYJET PLC | Equity |  | 1536713 |
| EDENRED | Equity |  | 258809 |
| EDP S.A. | Equity |  | 1667641 |
| EIFFAGE SA (FORM FOUGEROLLE) | Equity |  | 875725 |
| EISAI CO LTD | Equity |  | 781526 |
| ELBIT SYSTEMS LTD | Equity |  | 530987 |
| ELECTRIC POWER DEVELOP CO LTD | Equity |  | 1762831 |
| ENEL (ENTE NAZ ENERG ELET) SPA | Equity |  | 375561 |
| ENEL (ENTE NAZ ENERG ELET) SPA | Equity |  | 8884532 |
| ENEOS HOLDINGS INC | Equity |  | 1523680 |
| ENERFLEX LTD | Equity |  | 487441 |
| ENGIE SA | Equity |  | 2962826 |
| ENGIE SA | Equity |  | 9030957 |
| ENI SPA | Equity |  | 2229581 |
| ENN ENERGY HOLDINGS LTD | Equity |  | 8164216 |
| EQUINOR ASA | Equity |  | 9890189 |
| ERG SPA | Equity |  | 938617 |
| ERICSSON (LM) TELE CO CL B | Equity |  | 1638535 |
| ERSTE GROUP BANK AG | Equity |  | 1525991 |
| ERSTE GROUP BANK AG | Equity |  | 2641795 |
| ERSTE GROUP BANK AG | Equity |  | 15531761 |
| EVONIK INDUSTRIES AG | Equity |  | 970804 |
| EVONIK INDUSTRIES AG | Equity |  | 5831873 |
| EXOR NV | Equity |  | 264881 |
| FAIRFAX FINL HLDGS LTD SUB VTG | Equity |  | 1686687 |
| FANUC CORPORATION | Equity |  | 10393759 |
| FID BANK TRST ST INV FUND | Equity |  |  |
| FIRST ABU DHABI BANK PJSC | Equity |  | 7749970 |
| FORVIA | Equity |  | 643786 |
| FRESENIUS MEDICAL CARE AG | Equity |  | 6809340 |
| FRESENIUS SE & CO KGAA | Equity |  | 1954148 |
| FRESNILLO PLC | Equity |  | 11601430 |
| FUKUOKA FINANCIAL GROUP INC | Equity |  | 3529173 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| FUTURES CASH COLLATERAL | Equity |  | 4832234 |
| GALAXY ENT GROUP LTD | Equity |  | 6334107 |
| GALAXY ENT GROUP LTD | Equity |  | 7517159 |
| GALP ENERGIA SGPS SA | Equity |  | 2208360 |
| GAZTRANSPORT ET TECHNIGA | Equity |  | 1354507 |
| GENERALI | Equity |  | 1386064 |
| GENMAB AS | Equity |  | 1475365 |
| GLENCORE PLC | Equity |  | 528281 |
| GLOBALWAFERS CO LTD | Equity |  | 10962622 |
| GMO PAYMENT GATEWAY INC | Equity |  | 7515239 |
| GOEASY LTD | Equity |  | 526097 |
| GOLD FIELDS LTD | Equity |  | 10681084 |
| GRANITE REAL ESTATE INVT TR | Equity |  | 1589492 |
| GREAT WALL MOTOR CO LTD H | Equity |  | 4826433 |
| GREAT WEST LIFECO INC | Equity |  | 761898 |
| GRUPO CIBEST SA SPON ADR | Equity |  | 10611484 |
| GRUPO FINANCIERO BANORTE SAB | Equity |  | 7796976 |
| GSK PLC | Equity |  | 2402524 |
| GSK PLC | Equity |  | 4409095 |
| GSK PLC | Equity |  | 8948855 |
| HAIER SMART HOME CO LTD | Equity |  | 3828545 |
| HAKUHODO DY HOLDINGS INC | Equity |  | 350382 |
| HANKOOK TIRE AND TECHNOLOGY CO L | Equity |  | 454878 |
| HANNOVER RUECKVERSICHERUNGS SE(REGD) | Equity |  | 426399 |
| HEADHUNTER GROUP INC ADR | Equity |  | 1 |
| HEINEKEN NV | Equity |  | 1472465 |
| HELLOFRESH AG | Equity |  | 223620 |
| HENKEL AG & CO KGAA PREF | Equity |  | 1220996 |
| HIKMA PHARMACEUTICALS PLC | Equity |  | 690563 |
| HINO MOTORS LTD | Equity |  | 200787 |
| HIROGIN HOLDINGS INC | Equity |  | 126205 |
| HIWIN TECHNOLOGIES CORP | Equity |  | 8773779 |
| HONDA MOTOR CO LTD | Equity |  | 1331154 |
| HONDA MOTOR CO LTD | Equity |  | 9046946 |
| HONG KONG EXCHS & CLEARING LTD | Equity |  | 2691950 |
| HORIBA | Equity |  | 649037 |
| HSBC HOLDINGS PLC | Equity |  | 6576513 |
| HSBC HOLDINGS PLC | Equity |  | 7051813 |
| HSBC HOLDINGS PLC | Equity |  | 10144348 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| HUGO BOSS AG | Equity |  | 821631 |
| HUSQVARNA AB B SHR | Equity |  | 715071 |
| HYPERA SA | Equity |  | 6792172 |
| HYUNDAI MOBIS | Equity |  | 1695702 |
| HYUNDAI MOTOR CO | Equity |  | 11471958 |
| IA FINANCIAL CORP INC | Equity |  | 667502 |
| IA FINANCIAL CORP INC | Equity |  | 2526454 |
| IBERDROLA SA | Equity |  | 3149656 |
| ICG PLC | Equity |  | 462953 |
| IDEMITSU KOSAN CO LTD | Equity |  | 3579814 |
| IGM FINANCIAL INC | Equity |  | 199271 |
| IGO LTD | Equity |  | 1654152 |
| IIDA GROUP HOLDINGS CO LTD | Equity |  | 1931073 |
| IMPERIAL BRANDS PLC | Equity |  | 3138687 |
| INDUSTRIVARDEN AB SER C | Equity |  | 522531 |
| ING GROEP NV | Equity |  | 2562119 |
| ING GROEP NV | Equity |  | 2598208 |
| ING GROEP NV | Equity |  | 4030255 |
| ING GROEP NV | Equity |  | 11156627 |
| INSURANCE AUSTRALIA GROUP LTD | Equity |  | 1170114 |
| INTACT FINL CORP | Equity |  | 856638 |
| INTESA SANPAOLO SPA | Equity |  | 2852732 |
| INVESTEC PLC | Equity |  | 5911049 |
| INVESTOR AB SER B | Equity |  | 1627040 |
| IQIYI INC ADR | Equity |  | 4057471 |
| iShares Core MSCI EAFE ETF | Equity |  | 383336 |
| ISRAEL DISCOUNT BANK LTD CL A | Equity |  | 648045 |
| ISUZU MOTORS LTD | Equity |  | 186731 |
| ISUZU MOTORS LTD | Equity |  | 12339223 |
| JAPAN AIRLINES CO LTD | Equity |  | 604961 |
| JAPAN POST HOLDINGS CO LTD | Equity |  | 1235978 |
| JAPAN POST HOLDINGS CO LTD | Equity |  | 2248574 |
| JAPAN POST INSURANCE CO LTD | Equity |  | 520414 |
| JAPAN POST INSURANCE CO LTD | Equity |  | 1746845 |
| JD.COM INC CL A | Equity |  | 8905702 |
| JERONIMO MARTINS & FILHO SGPS | Equity |  | 2521122 |
| JGC HOLDINGS CORP | Equity |  | 663064 |
| JOHNSON MATTHEY PLC | Equity |  | 703427 |
| JULIUS BAER GRUPPE AG | Equity |  | 822993 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| JULIUS BAER GRUPPE AG | Equity |  | 9237106 |
| JYSKE BANK AS (REG) | Equity |  | 2938329 |
| KAO CORP | Equity |  | 127906 |
| KASIKORNBANK PCL (FOR) | Equity |  | 2389535 |
| KASIKORNBANK PCL (FOR) | Equity |  | 5064131 |
| KASIKORNBANK PCL (FOR) | Equity |  | 9003051 |
| KB FINANCIAL GROUP INC | Equity |  | 1604575 |
| KBC GROUPE SA | Equity |  | 507275 |
| KBC GROUPE SA | Equity |  | 1225043 |
| KDDI CORP | Equity |  | 6504965 |
| KIMBERLY-CLARK DE MEXICO CL A | Equity |  | 7596432 |
| KINAXIS INC | Equity |  | 756606 |
| KINGFISHER PLC | Equity |  | 1148430 |
| KINROSS GOLD CORP | Equity |  | 3068652 |
| KIRIN HOLDINGS CO LTD | Equity |  | 2001136 |
| KOITO MANUFACTURING CO LTD | Equity |  | 1133912 |
| KOMATSU LTD | Equity |  | 2030675 |
| KONECRANES OYJ | Equity |  | 1263522 |
| KONINKLIJKE AHOLD DELHAIZE NV | Equity |  | 3190110 |
| KONINKLIJKE BAM GROEP NV | Equity |  | 156749 |
| KONINKLIJKE HEIJMANS NV | Equity |  | 199562 |
| KONINKLIJKE PHILIPS NV | Equity |  | 2227811 |
| KONINKLIJKE PHILIPS NV | Equity |  | 6083560 |
| KOREA ELECTRIC POWER CORP | Equity |  | 11776993 |
| KT CORP SPON ADR | Equity |  | 1254524 |
| KUBOTA CORP | Equity |  | 1737654 |
| KUBOTA CORP | Equity |  | 3837839 |
| KYUSHU ELEC POWER CO INC | Equity |  | 2724731 |
| LAND SECURITIES GROUP PLC | Equity |  | 997072 |
| LARGAN PRECISION CO LTD | Equity |  | 9491934 |
| LEG IMMOBILIEN SE | Equity |  | 2627478 |
| LI NING CO LTD | Equity |  | 7426209 |
| LLOYDS BANKING GROUP PLC | Equity |  | 2721290 |
| LOGITECH INTL SA REG | Equity |  | 1619271 |
| LOJAS RENNER SA | Equity |  | 714048 |
| LOJAS RENNER SA | Equity |  | 4722088 |
| LONDON STOCK EXCHANGE GRP PLC | Equity |  | 6976690 |
| LONGFOR GROUP HOLDINGS LTD | Equity |  | 5031930 |
| LOTTOMATICA GROUP SPA | Equity |  | 1526004 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| LY CORPORATION | Equity |  | 296174 |
| MAGNA INTL INC | Equity |  | 3819468 |
| MAGNA INTL INC | Equity |  | 4209421 |
| MAGNUM ICE CREAM CO BV/THE | Equity |  | 4495220 |
| MANULIFE FINANCIAL CORP | Equity |  | 2091860 |
| MANULIFE FINANCIAL CORP | Equity |  | 3743765 |
| MAPFRE SA | Equity |  | 228195 |
| MARUI GROUP CO LTD | Equity |  | 3584144 |
| MEDIA TEK INC | Equity |  | 8392447 |
| MEDIA TEK INC | Equity |  | 16829593 |
| MEDIOBANCA SPA | Equity |  | 836204 |
| MEDTRONIC PLC | Equity |  | 5774551 |
| MEIJI HOLDINGS CO LTD | Equity |  | 2805532 |
| MERCEDES-BENZ GROUP AG | Equity |  | 731568 |
| MERCEDES-BENZ GROUP AG | Equity |  | 5088152 |
| MERCEDES-BENZ GROUP AG | Equity |  | 6416313 |
| MGM CHINA HOLDINGS LIMITED | Equity |  | 778241 |
| MICHELIN CL B (REG) | Equity |  | 11041086 |
| MINEBEA MITSUMI INC | Equity |  | 8622510 |
| MISUMI GROUP INC | Equity |  | 7817153 |
| MITSUBISHI ESTATE CO LTD | Equity |  | 1805730 |
| MITSUBISHI ESTATE CO LTD | Equity |  | 8815816 |
| MITSUBISHI GAS CHEMICAL CO | Equity |  | 744861 |
| MITSUBISHI HC CAPITAL INC | Equity |  | 610974 |
| MITSUBISHI UFJ FINL GRP INC | Equity |  | 3176729 |
| MITSUBISHI UFJ FINL GRP INC | Equity |  | 6402796 |
| MIZRAHI TEFAHOT BANK LTD | Equity |  | 527760 |
| MIZUHO FINANCIAL GROUP INC | Equity |  | 1783797 |
| MIZUHO FINANCIAL GROUP INC | Equity |  | 2237934 |
| MIZUHO FINANCIAL GROUP INC | Equity |  | 7689032 |
| MONDI PLC | Equity |  | 916528 |
| MORINAGA MILK IND CO LTD | Equity |  | 320953 |
| MOWI ASA | Equity |  | 281224 |
| MS&AD INSURANCE GRP HLDGS INC | Equity |  | 1034551 |
| MS&AD INSURANCE GRP HLDGS INC | Equity |  | 1681145 |
| MTN GROUP LTD | Equity |  | 1690793 |
| MTU AERO ENGINES AG | Equity |  | 357004 |
| MUNICH REINSURANCE (REG) | Equity |  | 2025698 |
| MUNICH REINSURANCE (REG) | Equity |  | 6433211 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| MURATA MFG CO LTD | Equity |  | 124336 |
| MURATA MFG CO LTD | Equity |  | 8251770 |
| NATIONAL AUSTRALIA BANK LTD | Equity |  | 2213754 |
| NATIONAL BANK OF CANADA DTC ELIGIBLE | Equity |  | 1395921 |
| NATIONAL BANK OF CANADA DTC ELIGIBLE | Equity |  | 1688813 |
| NATURA COSMETICOS SA | Equity |  | 636489 |
| NATURGY ENERGY GROUP SA | Equity |  | 180939 |
| NATWEST GROUP PLC | Equity |  | 2530746 |
| NATWEST GROUP PLC | Equity |  | 4252702 |
| NCC AB SER B | Equity |  | 170726 |
| NEMETSCHEK SE | Equity |  | 379524 |
| NESTLE SA (REG) | Equity |  | 1460284 |
| NESTLE SA (REG) | Equity |  | 9654075 |
| NEXANS SA | Equity |  | 1473966 |
| NEXI SPA | Equity |  | 128160 |
| NEXT PLC | Equity |  | 657016 |
| NICHIREI CORP | Equity |  | 412178 |
| NIKON CORP | Equity |  | 441678 |
| NIPPON YUSEN KABUSHIKI KAISHA | Equity |  | 372810 |
| NISSAN MOTOR CO LTD ORD | Equity |  | 687830 |
| NN GROUP NV | Equity |  | 923770 |
| NN GROUP NV | Equity |  | 2203234 |
| NOKIA CORP SPON ADR | Equity |  | 7197661 |
| NOKIA OYJ | Equity |  | 2033600 |
| NOKIA OYJ | Equity |  | 11643924 |
| NOMURA HOLDINGS INC | Equity |  | 1098009 |
| NOMURA HOLDINGS INC | Equity |  | 1262462 |
| NORDEA BANK ABP | Equity |  | 1776172 |
| NORDIC SEMICONDUCTOR ASA | Equity |  | 1281465 |
| NORSK HYDRO AS ORD | Equity |  | 179852 |
| NOVARTIS AG (REG) | Equity |  | 7491294 |
| NOVARTIS AG (REG) | Equity |  | 12725416 |
| NUTRIEN LTD | Equity |  | 1278221 |
| OLD MUTUAL LTD | Equity |  | 1048371 |
| OLYMPUS CORP | Equity |  | 7728198 |
| ONEX CORP SUB-VTG | Equity |  | 1366170 |
| ONO PHARMACEUTICAL CO LTD | Equity |  | 266153 |
| OR ROYALTIES INC | Equity |  | 205262 |
| ORANGE | Equity |  | 2617521 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| ORIX CORP | Equity |  | 1668792 |
| OSB GROUP PLC | Equity |  | 464891 |
| OTSUKA HOLDINGS CO LTD | Equity |  | 8185320 |
| OVERSEA-CHINESE BKG CORP LTD | Equity |  | 2601036 |
| PANDORA A/S | Equity |  | 1714432 |
| PAREX RESOURCES INC | Equity |  | 8830137 |
| PERSOL HOLDINGS CO LTD | Equity |  | 755534 |
| PETRONET LNG LTD | Equity |  | 5700138 |
| PIGEON CORP | Equity |  | 435179 |
| PING AN INSURANCE CO LTD H | Equity |  | 13155634 |
| POSTE ITALIANE SPA | Equity |  | 595792 |
| POWER CORP OF CANADA SUB VTG | Equity |  | 1418553 |
| PROXIMUS | Equity |  | 285962 |
| PRUDENTIAL PLC | Equity |  | 1665839 |
| PRUDENTIAL PLC | Equity |  | 3108182 |
| PRUDENTIAL PLC | Equity |  | 10100554 |
| PTT OIL & RETAIL BUSINESS PCL (FOR) | Equity |  | 7206885 |
| PUBLIC BANK BHD (LOC) (MLAY) | Equity |  | 5743120 |
| PUBLICIS GROUPE SA | Equity |  | 6552568 |
| QBE INSURANCE GROUP LTD | Equity |  | 1225617 |
| RAIFFEISEN BANK INTERNTNL AG | Equity |  | 288650 |
| RAIZEN SA | Equity |  | 129769 |
| RANDSTAD NV | Equity |  | 937374 |
| RANDSTAD NV | Equity |  | 5661181 |
| RECKITT BENCKISER GROUP PLC | Equity |  | 629433 |
| RECKITT BENCKISER GROUP PLC | Equity |  | 2210701 |
| RECKITT BENCKISER GROUP PLC | Equity |  | 10235483 |
| RECKITT BENCKISER GROUP PLC | Equity |  | 11823952 |
| REGIS RESOURCES LTD | Equity |  | 2985478 |
| RENAULT SA ORD | Equity |  | 894326 |
| RENESAS ELECTRONICS CORP | Equity |  | 2427720 |
| REPSOL SA | Equity |  | 2858763 |
| RESONA HOLDINGS INC | Equity |  | 208738 |
| RESONA HOLDINGS INC | Equity |  | 885468 |
| RESONA HOLDINGS INC | Equity |  | 1895607 |
| RESONA HOLDINGS INC | Equity |  | 4487388 |
| REXEL SA | Equity |  | 9950258 |
| RINGKJOBING LANDBOBANK (REG) | Equity |  | 930207 |
| RINNAI CORP | Equity |  | 667669 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| RINNAI CORP | Equity |  | 1324719 |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | Equity |  | 7007760 |
| ROHM CO LTD | Equity |  | 1356604 |
| ROHM CO LTD | Equity |  | 3573798 |
| ROLLS-ROYCE HOLDINGS PLC | Equity |  | 605021 |
| ROTORK PLC | Equity |  | 9177799 |
| ROYAL BANK OF CANADA | Equity |  | 5315684 |
| ROYAL BANK OF CANADA | Equity |  | 6051980 |
| ROYAL UNIBREW AS | Equity |  | 390494 |
| RTL GROUP SA | Equity |  | 324614 |
| RWE AG | Equity |  | 593595 |
| SAINSBURY (J) PLC | Equity |  | 655023 |
| SAINSBURY (J) PLC | Equity |  | 9238726 |
| SAMSUNG ELECTRO-MECHANICS CO | Equity |  | 21798048 |
| SAMSUNG ELECTRONICS CO LTD | Equity |  | 10501264 |
| SAMSUNG ELECTRONICS CO LTD | Equity |  | 19004237 |
| SANKI ENGINEERING CO LTD | Equity |  | 172229 |
| SANOFI | Equity |  | 3158144 |
| SANOFI | Equity |  | 7181771 |
| SANOFI | Equity |  | 10354108 |
| SANTEN PHARMACEUTICAL CO LTD | Equity |  | 1455345 |
| SBI HOLDINGS INC | Equity |  | 1036373 |
| SCHRODERS PLC (NEW) ORD | Equity |  | 228921 |
| SCOR SE | Equity |  | 802500 |
| SCOUT24 SE | Equity |  | 1794712 |
| SEGA SAMMY HOLDINGS INC | Equity |  | 352103 |
| SEIKO EPSON CORP | Equity |  | 701342 |
| SHANDONG WEIGAO GP MED H | Equity |  | 4741416 |
| SHANDONG WEIGAO GP MED H | Equity |  | 5185190 |
| SHANGHAI PHARMA HLDG CO LTD H | Equity |  | 5672234 |
| SHELL PLC | Equity |  | 4379466 |
| SHELL PLC | Equity |  | 5265361 |
| SHELL PLC | Equity |  | 7160264 |
| SHELL PLC | Equity |  | 8238829 |
| SHENG SIONG GROUP LTD | Equity |  | 271716 |
| SHIN-ETSU CHEMICAL CO LTD | Equity |  | 8763560 |
| SHINHAN FINANCIAL GROUP CO LTD | Equity |  | 2384373 |
| SHINHAN FINANCIAL GROUP CO LTD | Equity |  | 3394052 |
| SHIONOGI & CO LTD | Equity |  | 4066344 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SIAM CEMENT CO LTD (FOR) | Equity |  | 5851713 |
| SIBANYE STILLWATER LTD | Equity |  | 11421699 |
| SIEMENS AG (REGD) | Equity |  | 8816510 |
| SINGAPORE EXCHANGE LTD | Equity |  | 588467 |
| SINGAPORE TECH ENGINEERING LTD | Equity |  | 1968422 |
| SK HYNIX INC | Equity |  | 34545374 |
| SK TELECOM LTD | Equity |  | 1519403 |
| SKANDINAVISKA ENSKI BK SER A | Equity |  | 1127878 |
| SKF AB SER B | Equity |  | 1772142 |
| SOCIETE GENERALE SA CL A | Equity |  | 1972557 |
| SOCIETE GENERALE SA CL A | Equity |  | 4811989 |
| SOCIETE GENERALE SA CL A | Equity |  | 6206871 |
| SOCIETE GENERALE SA CL A | Equity |  | 7520428 |
| SOFTBANK CORP | Equity |  | 1770482 |
| S-OIL CORPORATION | Equity |  | 7760903 |
| SOLARIA ENERGIA | Equity |  | 963471 |
| SOMPO HOLDINGS INC | Equity |  | 1529535 |
| SOMPO HOLDINGS INC | Equity |  | 2943248 |
| SONY FINANCIAL HOLDINGS INC | Equity |  | 536554 |
| SONY GROUP CORP | Equity |  | 3690525 |
| SOUTH32 | Equity |  | 4652360 |
| SRISAWAD CORP PC (FOR) | Equity |  | 7780700 |
| ST GOBAIN CIE DE | Equity |  | 1568904 |
| STANDARD CHARTERED PLC | Equity |  |  |
| STANDARD CHARTERED PLC | Equity |  | 2078557 |
| STANDARD CHARTERED PLC | Equity |  | 3167360 |
| STANDARD CHARTERED PLC | Equity |  | 4705629 |
| STANLEY ELECTRIC | Equity |  | 525249 |
| STANTEC INC | Equity |  | 3415995 |
| STELLA JONES INC | Equity |  | 260498 |
| STOREBRAND ASA CL A | Equity |  | 2198533 |
| SUBARU CORP | Equity |  | 1198567 |
| SUMITOMO HEAVY INDUSTRIES LTD | Equity |  | 497170 |
| SUMITOMO MITSUI FINL GROUP INC | Equity |  | 2439401 |
| SUMITOMO MITSUI FINL GROUP INC | Equity |  | 2687203 |
| SUMITOMO MITSUI FINL GROUP INC | Equity |  | 3913340 |
| SUMITOMO MITSUI TRUST GROUP INC | Equity |  | 140285 |
| SUMITOMO MITSUI TRUST GROUP INC | Equity |  | 1100930 |
| SUMITOMO MITSUI TRUST GROUP INC | Equity |  | 2194846 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SUMITOMO MITSUI TRUST GROUP INC | Equity |  | 9704044 |
| SUMITOMO RUBBER INDUSTRIES LTD | Equity |  | 560849 |
| SUN LIFE FINANCIAL INC | Equity |  | 1424203 |
| SUNCORP GROUP LTD | Equity |  | 967834 |
| SUNDRUG CO LTD | Equity |  | 728479 |
| SUNNY OPTICAL TEC(GROUP)CO LTD | Equity |  | 8481417 |
| SUNTORY BEVERAGE & FOOD LTD | Equity |  | 10055135 |
| SVENSKA HANDELSBANKEN SER A | Equity |  | 809880 |
| SVENSKA HANDELSBANKEN SER A | Equity |  | 1410992 |
| SWATCH GROUP AG (BR) | Equity |  | 1296976 |
| SWEDBANK AB A | Equity |  | 1231700 |
| SWISS RE LTD | Equity |  | 1223173 |
| T&D HOLDINGS INC | Equity |  | 2483466 |
| TAG IMMOBILIEN AG | Equity |  | 1251310 |
| TAIHEIYO CEMENT CORP | Equity |  | 347051 |
| TAIWAN SEMIC MFG CO LTD SP ADR | Equity |  | 15425153 |
| TAKEDA PHARMACEUTICAL CO LTD | Equity |  | 1011819 |
| TAKEDA PHARMACEUTICAL CO LTD | Equity |  | 3376845 |
| TAKEDA PHARMACEUTICAL CO LTD | Equity |  | 4586830 |
| TALANX AKTIENGESELLSCHAFT | Equity |  | 173324 |
| TALANX AKTIENGESELLSCHAFT | Equity |  | 422210 |
| TATE & LYLE PLC | Equity |  | 533205 |
| TCS GROUP HOLDING PLC GDR | Equity |  |  |
| TDK CORP | Equity |  | 7730878 |
| TECHTRONIC INDUSTRIES CO LTD | Equity |  | 2212067 |
| TELE2 AB B SHS | Equity |  | 661242 |
| TELEFONICA BRASIL SA | Equity |  | 1314619 |
| TELEPERFORMANCE | Equity |  | 8283861 |
| TELKOM INDONESIA PERSERO TBK PT (DEMAT) DEMATERIAL | Equity |  | 9285793 |
| TESCO PLC | Equity |  | 955727 |
| TESCO PLC | Equity |  | 3097167 |
| THAI BEVERAGE PUBLIC CO LTD | Equity |  | 6653066 |
| THK CO LTD | Equity |  | 459945 |
| TIM SA | Equity |  |  |
| TOKIO MARINE HOLDINGS INC | Equity |  | 3074870 |
| TOKYO GAS CO LTD | Equity |  | 1905391 |
| TORAY INDUSTRIES INC | Equity |  | 1971106 |
| TORONTO-DOMINION BANK | Equity |  | 5249610 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| TOTALENERGIES SE | Equity |  | 3256473 |
| TOTALENERGIES SE | Equity |  | 3542877 |
| TOTALENERGIES SE | Equity |  | 15796445 |
| TOYOTA MOTOR CORP | Equity |  | 863424 |
| TRAVIS PERKINS PLC | Equity |  | 2667933 |
| TSURUHA HOLDINGS INC | Equity |  | 873836 |
| UBS GROUP AG | Equity |  | 2335885 |
| UBS GROUP AG | Equity |  | 3797767 |
| UBS GROUP AG | Equity |  | 10460366 |
| ULTRAPAR PARTICIPACOES SA | Equity |  | 685128 |
| UNICAJA BANCO SA | Equity |  | 815301 |
| UNICHARM CORP | Equity |  | 360537 |
| UNICREDIT SPA | Equity |  | 1693574 |
| UNICREDIT SPA | Equity |  | 3279133 |
| UNICREDIT SPA | Equity |  | 4612823 |
| UNILEVER PLC ORD | Equity |  | 12444249 |
| UNIPOL ASSICURAZIONI S.P.A | Equity |  | 444412 |
| UNITE GROUP PLC | Equity |  | 578575 |
| UNITED OVERSEAS BANK (LOC) | Equity |  | 2062032 |
| UPL LTD | Equity |  | 11566096 |
| USS CO LTD | Equity |  |  |
| VALE S.A. | Equity |  | 518713 |
| VALEO SA | Equity |  | 734169 |
| VALEO SA | Equity |  | 1328116 |
| VEON LTD SPON ADR | Equity |  | 306904 |
| VISCOFAN SA | Equity |  | 130532 |
| VODAFONE GROUP PLC | Equity |  | 3200409 |
| VOLKSWAG PFD PERP | Equity |  | 2049171 |
| VONOVIA SE | Equity |  | 1453795 |
| WACKER CHEMIE AG | Equity |  | 399351 |
| WACKER CHEMIE AG | Equity |  | 3820726 |
| WAL MART DE MEXICO SAB DE CV V | Equity |  | 5895360 |
| WESDOME GOLD MINES LTD | Equity |  | 659395 |
| WESTON GEORGE LTD | Equity |  | 1676418 |
| WESTPAC BANKING CORP | Equity |  | 557337 |
| WH GROUP LTD | Equity |  | 825495 |
| WHEATON PRECIOUS METALS CORP | Equity |  | 1687352 |
| WPP PLC NEW (UK) | Equity |  | 834588 |
| WPP PLC NEW (UK) | Equity |  | 1637059 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| WSP GLOBAL INC | Equity |  | 2498689 |
| XINYI GLASS HOLDING CO LTD | Equity |  | 6919560 |
| YAMATO HOLDINGS CO LTD | Equity |  | 855029 |
| YOKOHAMA FINANCIAL GROUP INC | Equity |  | 636676 |
| YUE YUEN INDUSTRIAL HLDGS LTD | Equity |  | 464012 |
| ZEALAND PHARMA A/S | Equity |  | 431495 |
| ZTO EXPRESS CAYMAN INC | Equity |  | 7878621 |
| ZURICH INSURANCE GROUP AG | Equity |  | 922340 |
| ZURICH INSURANCE GROUP AG | Equity |  | 13035067 |
| Common Collective Trusts |  |  |  |
| SSBK GOVT STIF FUND | Common collective trust |  | 108400937 |
| **International Value Account Total** |  |  | 2266557228 |
| **Stable Value Account** |  |  |  |
| **Fixed Income** |  |  |  |
| ABBVIE INC 4.65 USD 03/15/2028 | Fixed income |  | 624534 |
| ABBVIE INC SR UNSEC | Fixed income |  | 12720 |
| ABBVIE INC SR UNSEC 4.80% | Fixed income |  | 922973 |
| AEP 5.2 29 | Fixed income |  | 3164024 |
| AEP TRANSMISSION CO LLC SR UNSEC | Fixed income |  | 6975 |
| AEP TRANSMISSION CO LLC SR UNSEC 3.10% | Fixed income |  | 2680880 |
| AERCAP IRELAND CAP/GLOBA 4.875 USD 04/01/2028 | Fixed income |  | 249032 |
| AIRCASTLE LTD 144A W/O RTS 2.85 USD 01/26/2028 | Fixed income |  | 248979 |
| ALA 2025-OANA A 144A 5.49363 USD 06/15/2040 | Fixed income |  | 623932 |
| ALABAMA POWER CO SR UNSEC | Fixed income |  | 15241 |
| ALABAMA POWER CO SR UNSEC 4.30% | Fixed income |  | 1104850 |
| ALLY 5.543 31 | Fixed income |  | 2096872 |
| ALLY FINANCIAL INC 5.548 USD 07/31/2033 | Fixed income |  | 624368 |
| ALLY FINANCIAL INC SR UNSEC SOFR | Fixed income |  | 6293 |
| ALLY FINANCIAL INC SR UNSEC SOFR 6.99% | Fixed income |  | 1902332 |
| ALPHABET INC 4.1 USD 11/15/2030 | Fixed income |  | 624465 |
| AMCOR GROUP FINANCE 5.45 USD 05/23/2029 | Fixed income |  | 626137 |
| AMDOCS LTD SR UNSEC | Fixed income |  | 1015 |
| AMDOCS LTD SR UNSEC 2.54% | Fixed income |  | 827913 |
| AMEREN CORP 5 USD 01/15/2029 | Fixed income |  | 625417 |
| AMERICAN EXPRESS CO 4.351 USD 07/20/2029 | Fixed income |  | 625138 |
| AMERICAN EXPRESS CO SR UNSEC SOFR | Fixed income |  | 37709 |
| AMERICAN EXPRESS CO SR UNSEC SOFR 4.35% | Fixed income |  | 2015594 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| AMERICAN NATIONAL GF 144A W/O RTS 5.25 USD 06/03/2030 | Fixed income |  | 249157 |
| AMERICAN TOWER CORP SR UNSEC | Fixed income |  | 15753 |
| AMERICAN TOWER CORP SR UNSEC 5.35% | Fixed income |  | 1027542 |
| AMGEN INC SR UNSEC SMR | Fixed income |  | 20825 |
| AMGEN INC SR UNSEC SMR 5.25% | Fixed income |  | 1244235 |
| AMPHENOL CORP 4.375 USD 06/12/2028 | Fixed income |  | 611138 |
| AMXCA 2025-2 A | Fixed income |  | 13299776 |
| AMXCA 2025-4 A | Fixed income |  | 8641742 |
| ANALOG DEVICES INC 4.25 USD 06/15/2028 | Fixed income |  | 612305 |
| ANTARES HOLDINGS 144A W/O RTS 6.35 USD 10/23/2029 | Fixed income |  | 258123 |
| AON 5.15 29 | Fixed income |  | 2091588 |
| AON NORTH AMERICA INC SR UNSEC SMR | Fixed income |  | 18883 |
| AON NORTH AMERICA INC SR UNSEC SMR 5.15% | Fixed income |  | 1132695 |
| APA CORP 6.1 USD 02/15/2035 | Fixed income |  | 622143 |
| APOLLO GLOBAL MANAGEMENT 5.15 USD 08/12/2035 | Fixed income |  | 249363 |
| APPLOVIN CORP SR UNSEC | Fixed income |  | 5125 |
| APPLOVIN CORP SR UNSEC 5.12% | Fixed income |  | 1232459 |
| ARCH CAPITAL FINANCE LLC SR UNSEC SMR | Fixed income |  | 3922 |
| ARCH CAPITAL FINANCE LLC SR UNSEC SMR 4.01% | Fixed income |  | 2200714 |
| ARE 3.95 27 | Fixed income |  | 2033380 |
| ARES CAPITAL CORP 5.8 USD 03/08/2032 | Fixed income |  | 250140 |
| ARES MANAGEMENT CORP SR UNSEC | Fixed income |  | 15353 |
| ARES MANAGEMENT CORP SR UNSEC 6.38% | Fixed income |  | 1800214 |
| ARES STRATEGIC INCOME FU 5.7 USD 03/15/2028 | Fixed income |  | 249298 |
| ASTRAZENECA FINANCE LLC SR UNSEC | Fixed income |  | 25260 |
| ASTRAZENECA FINANCE LLC SR UNSEC 4.85% | Fixed income |  | 1541143 |
| ATH 4.86 26 | Fixed income |  | 2040959 |
| ATHENE GLOBAL FUNDING 144A W/O RTS 4.83 USD 05/09/2028 | Fixed income |  | 249772 |
| ATLAS WAREHOUSE LEND 144A W/O RTS 6.25 USD 01/15/2030 | Fixed income |  | 270603 |
| AVANGRID INC SR UNSEC | Fixed income |  | 5700 |
| AVANGRID INC SR UNSEC 3.80% | Fixed income |  | 1778480 |
| AVB 2.3 30 | Fixed income |  | 1869524 |
| AVIATION CAPITAL GROUP 144A W/O RTS 5.125 USD 04/10/2030 | Fixed income |  | 249769 |
| AVNET INC 6.25 USD 03/15/2028 | Fixed income |  | 625253 |
| AVOL 5.375 30 | Fixed income |  | 2062470 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| AVOLON HOLDINGS FNDG LTD 144A W/O RTS 4.95 USD 01/15/2028 | Fixed income |  | 249420 |
| AXP 5.016 31 | Fixed income |  | 2079482 |
| AYR 5.25 30 | Fixed income |  | 2072660 |
| B 0 26 | Fixed income |  | 266543 |
| BA 2.7 27 | Fixed income |  | 1993345 |
| BAAT 2024-1A A3 144A 5.35 USD 11/15/2028 | Fixed income |  | 179913 |
| BAC 2.496 31 | Fixed income |  | 2823009 |
| BAC 4.25 26 | Fixed income |  | 2020993 |
| BACARDI LTD / MARTINI BV 144A W/O RTS 5.55 USD 02/01/2030 | Fixed income |  | 625822 |
| BAE SYSTEMS PLC 144A W/O RTS 5.125 USD 03/26/2029 | Fixed income |  | 624214 |
| BALN 5 27 | Fixed income |  | 2050342 |
| BANCO SANTANDER SA NON PREF 5.54% | Fixed income |  | 2485308 |
| BANCO SANTANDER SA SR NON PREF | Fixed income |  | 39504 |
| BANK OF AMERICA CORP 2.087 USD 06/14/2029 | Fixed income |  | 618011 |
| BANK OF AMERICA CORP SR UNSEC TSFR3M | Fixed income |  | 114582 |
| BANK OF AMERICA CORP SR UNSEC TSFR3M 3.82% | Fixed income |  | 6686615 |
| BANK OF NOVA SCOTIA 4.338 USD 09/15/2031 | Fixed income |  | 625258 |
| BANK OF NY MELLON CORP 4.942 USD 02/11/2031 | Fixed income |  | 625837 |
| BANQUE FED CRED MUTUEL 144A W/O RTS 5.194 USD 02/16/2028 | Fixed income |  | 625393 |
| BARCLAYS PLC 4.476 USD 11/11/2029 | Fixed income |  | 625243 |
| BARCLAYS PLC SR UNSEC | Fixed income |  | 12188 |
| BARCLAYS PLC SR UNSEC 7.44% | Fixed income |  | 1145471 |
| BARINGS BDC INC 5.2 USD 09/15/2028 | Fixed income |  | 249536 |
| BAXTER INTERNATIONAL INC 4.9 USD 12/15/2030 | Fixed income |  | 628476 |
| BCRED 3.25 27 | Fixed income |  | 1984807 |
| BEIGNET INVESTOR LLC SEC 144A | Fixed income |  | 329 |
| BEIGNET INVESTOR LLC SEC 144A 6.58% | Fixed income |  | 1908822 |
| BERKSHIRE HATHAWAY ENERG SR UNSEC | Fixed income |  | 4117 |
| BERKSHIRE HATHAWAY ENERG SR UNSEC 3.25% | Fixed income |  | 592103 |
| BERRY GLOBAL INC | Fixed income |  | 14456 |
| BERRY GLOBAL INC 1.65% | Fixed income |  | 1850786 |
| BGC GROUP INC SR UNSEC | Fixed income |  | 10400 |
| BGC GROUP INC SR UNSEC 8.00% | Fixed income |  | 1389762 |
| BK 4.942 31 | Fixed income |  | 2095025 |
| BLACKSTONE REG FINANCE SR UNSEC | Fixed income |  | 8313 |
| BLACKSTONE REG FINANCE SR UNSEC 4.30% | Fixed income |  | 1201234 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| BLOCK FINANCIAL LLC 5.375 USD 09/15/2032 | Fixed income |  | 622163 |
| BLUE OWL CREDIT INCOME 7.95 USD 06/13/2028 | Fixed income |  | 239969 |
| BLUE OWL FINANCE LLC SR UNSEC | Fixed income |  | 1276 |
| BLUE OWL FINANCE LLC SR UNSEC 3.12% | Fixed income |  | 636233 |
| BLUE OWL TECHNOLOGY FIN 6.75 USD 04/04/2029 | Fixed income |  | 250507 |
| BMARK 2025-V18 | Fixed income |  | 8841750 |
| BMARK 2025-V19 | Fixed income |  | 9128236 |
| BMO 2025-5C9 A3 | Fixed income |  | 10515913 |
| BNP PARIBAS 144A W/O RTS 5.283 USD 11/19/2030 | Fixed income |  | 625875 |
| BOARDWALK PIPELINES LP 5.375 USD 02/15/2036 | Fixed income |  | 626885 |
| BOEING CO/THE SR UNSEC | Fixed income |  | 21760 |
| BOEING CO/THE SR UNSEC 6.53% | Fixed income |  | 2218111 |
| BRIGHTHSE FIN GLBL FUND 144A W/O RTS 5.55 USD 04/09/2027 | Fixed income |  | 249499 |
| BRKHEC 2.7 30 | Fixed income |  | 2779455 |
| BROADCOM CRP / CAYMN FI SR UNSEC | Fixed income |  | 72625 |
| BROADCOM CRP / CAYMN FI SR UNSEC 3.50% | Fixed income |  | 4464493 |
| BROADCOM INC 5.05 USD 07/12/2029 | Fixed income |  | 625032 |
| BROOKFIELD ASSET MANAGEM 4.653 USD 11/15/2030 | Fixed income |  | 250349 |
| BROOKFIELD ASSET MANAGEM SR UNSEC | Fixed income |  | 3890 |
| BROOKFIELD ASSET MANAGEM SR UNSEC 4.65% | Fixed income |  | 706491 |
| BROWN & BROWN INC 4.7 USD 06/23/2028 | Fixed income |  | 244215 |
| BX 2025-VLT7 A 144A 5.45012 USD 07/15/2044 | Fixed income |  | 622557 |
| C 4.3 26 | Fixed income |  | 3022058 |
| CABOT CORP 4 USD 07/01/2029 | Fixed income |  | 626751 |
| CAIXABANK SA 144A W/O RTS 4.885 USD 07/03/2031 | Fixed income |  | 624359 |
| CANADIAN IMPERIAL BANK 4.857 USD 03/30/2029 | Fixed income |  | 624663 |
| CAPITAL ONE FINANCIAL CO 4.493 USD 09/11/2031 | Fixed income |  | 625013 |
| CAPITAL POWER US HOLDING 144A W/O RTS 5.257 USD 06/01/2028 | Fixed income |  | 625764 |
| CARDINAL HEALTH INC 5 USD 11/15/2029 | Fixed income |  | 624653 |
| CARGILL INC 144A W/O RTS 4.125 USD 10/23/2030 | Fixed income |  | 624847 |
| CARLYLE SECURED LENDING 5.75 USD 02/15/2031 | Fixed income |  | 250710 |
| CARMX 2024-3 A3 4.89 USD 07/16/2029 | Fixed income |  | 624225 |
| CARMX 2025-2 A3 4.48 USD 03/15/2030 | Fixed income |  | 440665 |
| -cash- | Fixed income |  | (80918082) |
| CBOE GLOBAL MARKETS INC SR UNSEC SMR | Fixed income |  | 37696 |
| CBOE GLOBAL MARKETS INC SR UNSEC SMR 3.65% | Fixed income |  | 2196557 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| CDW LLC/CDW FINANCE 3.276 USD 12/01/2028 | Fixed income |  | 626655 |
| CDW LLC/CDW FINANCE SR UNSEC SMR | Fixed income |  | 5563 |
| CDW LLC/CDW FINANCE SR UNSEC SMR 2.67% | Fixed income |  | 2467842 |
| CENCORA INC SR UNSEC SMR | Fixed income |  | 2587 |
| CENCORA INC SR UNSEC SMR 4.85% | Fixed income |  | 1227972 |
| CENOVUS ENERGY INC SR UNSEC | Fixed income |  | 3707 |
| CENOVUS ENERGY INC SR UNSEC 4.65% | Fixed income |  | 698503 |
| CENTERPOINT ENERGY INC SR UNSEC | Fixed income |  | 7867 |
| CENTERPOINT ENERGY INC SR UNSEC 2.95% | Fixed income |  | 759280 |
| CGI INC SR UNSEC 144A | Fixed income |  | 14713 |
| CGI INC SR UNSEC 144A 4.95% | Fixed income |  | 1015298 |
| CHEVRON USA INC 4.687 USD 04/15/2030 | Fixed income |  | 624422 |
| CHOICE HOTELS INTL INC SR UNSEC | Fixed income |  | 2467 |
| CHOICE HOTELS INTL INC SR UNSEC 3.70% | Fixed income |  | 779301 |
| CHUBB INA HOLDINGS LLC 4.65 USD 08/15/2029 | Fixed income |  | 249719 |
| CIGNA GROUP/THE SR UNSEC | Fixed income |  | 11700 |
| CIGNA GROUP/THE SR UNSEC 4.50% | Fixed income |  | 806419 |
| CITIGROUP INC 4.643 USD 05/07/2028 | Fixed income |  | 625308 |
| CMS ENERGY CORP | Fixed income |  | 23460 |
| CMS ENERGY CORP 3.45% | Fixed income |  | 1785123 |
| CNH 2024-C A3 | Fixed income |  | 5904878 |
| CNH INDUSTRIAL CAP LLC 4.75 USD 03/21/2028 | Fixed income |  | 624154 |
| CNO GLOBAL FUNDING 144A W/O RTS 4.7 USD 12/11/2030 | Fixed income |  | 250177 |
| COCA-COLA CO/THE SR UNSEC | Fixed income |  | 963 |
| COCA-COLA CO/THE SR UNSEC 1.65% | Fixed income |  | 634237 |
| COF 4.1 27 | Fixed income |  | 2033695 |
| COF 5.7 30 | Fixed income |  | 2126900 |
| COLD 5.6 32 | Fixed income |  | 2027838 |
| COMMONWEALTH BK AUSTR NY 4.423 USD 03/14/2028 | Fixed income |  | 624898 |
| CONAGRA BRANDS INC SR UNSEC | Fixed income |  | 3896 |
| CONAGRA BRANDS INC SR UNSEC 1.38% | Fixed income |  | 1616492 |
| CONNECTICUT LIGHT & PWR 1ST REF MORT SEC | Fixed income |  | 25440 |
| CONNECTICUT LIGHT & PWR 1ST REF MORT SEC 3.20% | Fixed income |  | 2678223 |
| CONSTELLATION BRANDS INC 4.8 USD 01/15/2029 | Fixed income |  | 625389 |
| COOPERATIEVE RABOBANK UA 144A W/O RTS 4.99 USD 05/27/2031 | Fixed income |  | 625329 |
| COREBRIDGE FINANCIAL INC SR UNSEC | Fixed income |  | 19406 |
| COREBRIDGE FINANCIAL INC SR UNSEC 3.65% | Fixed income |  | 2187677 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| COREBRIDGE GLOB FUNDING 144A W/O RTS 5.2 USD 06/24/2029 | Fixed income |  | 243729 |
| CRBG 3.85 29 | Fixed income |  | 1985858 |
| CREDIT AGRICOLE SA 144A W/O RTS 5.23 USD 01/09/2029 | Fixed income |  | 625723 |
| CRH SMW FINANCE DAC SR UNSEC | Fixed income |  | 24486 |
| CRH SMW FINANCE DAC SR UNSEC 5.12% | Fixed income |  | 1032039 |
| CROWN CASTLE INTL CORP SR UNSEC | Fixed income |  | 4725 |
| CROWN CASTLE INTL CORP SR UNSEC 2.10% | Fixed income |  | 795541 |
| CSAIL 2018-CX11 | Fixed income |  | 7043492 |
| CUMMINS INC 5.3 USD 05/09/2035 | Fixed income |  | 625218 |
| CVS 3 26 | Fixed income |  | 2009398 |
| CVS HEALTH CORP 5.45 USD 09/15/2035 | Fixed income |  | 623303 |
| DAIMLER TRUCK FINAN NA 144A W/O RTS 5.375 USD 01/13/2032 | Fixed income |  | 625921 |
| DELL INT LLC / EMC CORP 4.75 USD 10/06/2032 | Fixed income |  | 624995 |
| DELTA AIR LINES 2020-AA | Fixed income |  | 2036 |
| DELTA AIR LINES 2020-AA 2.00% | Fixed income |  | 1668800 |
| DEUTSCHE BANK NY 5.297 USD 05/09/2031 | Fixed income |  | 623993 |
| DNB BANK ASA 144A W/O RTS 4.853 USD 11/05/2030 | Fixed income |  | 625070 |
| DOMINION ENERGY INC 4.6 USD 05/15/2028 | Fixed income |  | 625051 |
| DTE ENERGY CO 4.95 USD 07/01/2027 | Fixed income |  | 624912 |
| DUKE ENERGY CAROLINAS 1ST MTGE SEC | Fixed income |  | 6479 |
| DUKE ENERGY CAROLINAS 1ST MTGE SEC 2.45% | Fixed income |  | 663943 |
| DXC TECHNOLOGY CO 2.375 USD 09/15/2028 | Fixed income |  | 627134 |
| EASTMAN CHEMICAL CO 5 USD 08/01/2029 | Fixed income |  | 625988 |
| EBAY INC 4.25 USD 03/06/2029 | Fixed income |  | 625190 |
| ELEMENT FLEET MANAGEMENT 144A W/O RTS 5.037 USD 03/25/2030 | Fixed income |  | 626007 |
| ELEVANCE HEALTH INC 4 USD 09/15/2028 | Fixed income |  | 249590 |
| ENACT HOLDINGS INC 6.25 USD 05/28/2029 | Fixed income |  | 249601 |
| ENEL FINANCE INTL NV 144A W/O RTS 4.375 USD 09/30/2030 | Fixed income |  | 624756 |
| ENERGY TRANSFER LP SR UNSEC | Fixed income |  | 9975 |
| ENERGY TRANSFER LP SR UNSEC 5.70% | Fixed income |  | 726262 |
| ENTERGY CORP SR UNSEC | Fixed income |  | 1387 |
| ENTERGY CORP SR UNSEC 2.40% | Fixed income |  | 1170828 |
| EPR PROPERTIES 4.75 USD 11/15/2030 | Fixed income |  | 624874 |
| EPR PROPERTIES SR UNSEC | Fixed income |  | 4644 |
| EPR PROPERTIES SR UNSEC 4.75% | Fixed income |  | 2206996 |
| EQUIFAX INC 5.1 USD 06/01/2028 | Fixed income |  | 627053 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| EQUIFAX INC SR UNSEC | Fixed income |  | 3169 |
| EQUIFAX INC SR UNSEC 3.10% | Fixed income |  | 758618 |
| EQUINIX EU 2 FINANCING C 4.6 USD 11/15/2030 | Fixed income |  | 624202 |
| EQUINIX EU 2 FINANCING C SR UNSEC | Fixed income |  | 6747 |
| EQUINIX EU 2 FINANCING C SR UNSEC 4.60% | Fixed income |  | 1104548 |
| EQUITABLE AMERICA GLOBAL 144A W/O RTS 4.65 USD 06/09/2028 | Fixed income |  | 249283 |
| ESSENT GROUP LTD 6.25 USD 07/01/2029 | Fixed income |  | 249537 |
| ESSENT GROUP LTD SR UNSEC | Fixed income |  | 12500 |
| ESSENT GROUP LTD SR UNSEC 6.25% | Fixed income |  | 418004 |
| ESSENTIAL PROPERTIES LP 5.4 USD 12/01/2035 | Fixed income |  | 626262 |
| ESSENTIAL UTILITIES INC 4.8 USD 08/15/2027 | Fixed income |  | 624308 |
| ETR 2.95 26 | Fixed income |  | 2004773 |
| EVERGY KANSAS CENTRAL SR UNSEC | Fixed income |  | 25380 |
| EVERGY KANSAS CENTRAL SR UNSEC 4.70% | Fixed income |  | 1828889 |
| EXR 2.35 32 | Fixed income |  | 1764556 |
| EXTRA SPACE STORAGE LP 5.7 USD 04/01/2028 | Fixed income |  | 625473 |
| F&G GLOBAL FUNDING 144A W/O RTS 4.65 USD 09/08/2028 | Fixed income |  | 250283 |
| FACTSET RESEARCH SYSTEMS SR UNSEC SMR | Fixed income |  | 15467 |
| FACTSET RESEARCH SYSTEMS SR UNSEC SMR 2.90% | Fixed income |  | 1576825 |
| FED CAISSES DESJARDINS 144A W/O RTS 5.7 USD 03/14/2028 | Fixed income |  | 623837 |
| FELLS POINT FUNDING TR 144A W/O RTS 3.046 USD 01/31/2027 | Fixed income |  | 624485 |
| FIDELITY NATL FINANCIAL SR UNSEC\*\* | Fixed income |  | 7214 |
| FIDELITY NATL FINANCIAL SR UNSEC 2.45%\*\* | Fixed income |  | 895080 |
| FIFTH THIRD BANK NA 4.967 USD 01/28/2028 | Fixed income |  | 624548 |
| FIRSTENERGY CORP SR UNSEC | Fixed income |  | 38272 |
| FIRSTENERGY CORP SR UNSEC 4.15% | Fixed income |  | 1993557 |
| FN 2 2/1/2052 | Fixed income |  | 4329377 |
| FN 2 3/1/2036 | Fixed income |  | 24959461 |
| FN CB0912 | Fixed income |  | 15577005 |
| FN CC0749 | Fixed income |  | 4045031 |
| FN CC1442 | Fixed income |  | 8681120 |
| FN FA3723 | Fixed income |  | 3506060 |
| FNCI 2 1/1/2041 | Fixed income |  | 2780042 |
| FNCI 2.5 1/1/20 | Fixed income |  | 2841420 |
| FNCI 3 1/1/2041 | Fixed income |  | 6744479 |
| FNCI 3.5 1/1/20 | Fixed income |  | 7791057 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| FNCI 4 1/1/2041 | Fixed income |  | 7911561 |
| FNCI 4.5 1/1/20 | Fixed income |  | 4010909 |
| FNCI 5 1/1/2041 | Fixed income |  | 5076837 |
| FNCL 2 1/1/2056 | Fixed income |  | 7279587 |
| FNCL 2.5 1/1/20 | Fixed income |  | 9307509 |
| FNCL 3 1/1/2056 | Fixed income |  | 7083352 |
| FNCL 3.5 1/1/20 | Fixed income |  | 5554066 |
| FNCL 4 1/1/2056 | Fixed income |  | 4749343 |
| FNCL 4.5 1/1/20 | Fixed income |  | 3911070 |
| FNCL 5 1/1/2056 | Fixed income |  | 3496473 |
| FNCL 5.5 1/1/20 | Fixed income |  | 8635732 |
| FNCL 6 1/26 | Fixed income |  | 4630021 |
| FNMA PASS THRU 30YR #FA3479 | Fixed income |  | 88038 |
| FNMA PASS THRU 30YR #FA3479 4.50% | Fixed income |  | 23045807 |
| FNMA PASS THRU 30YR #MA5528 | Fixed income |  | 22706 |
| FNMA PASS THRU 30YR #MA5528 4.00% | Fixed income |  | 6475771 |
| FNMA PASS THRU 30YR #MA5944 5.00% | Fixed income |  | 87775 |
| FNMA PASS THRU 30YR #MA5945 5.50% | Fixed income |  | 86739 |
| FNMA POOL BQ6913 2 USD 12/01/2051 | Fixed income |  | 8739840 |
| FNMA POOL FA0608 5.5 USD 02/01/2055 | Fixed income |  | 2668577 |
| FNMA POOL FM8442 2.5 USD 08/01/2051 | Fixed income |  | 572595 |
| FNMA POOL FS5045 2.5 USD 10/01/2051 | Fixed income |  | 7648088 |
| FNMA POOL MA4838 3.5 USD 12/01/2052 | Fixed income |  | 4450275 |
| FNMA POOL MA5801 5.5 USD 08/01/2040 | Fixed income |  | 2909267 |
| FNMA POOL RQ0042 6.5 USD 08/01/2055 | Fixed income |  | 2401199 |
| FNMA POOL RQ0075 5 USD 12/01/2055 | Fixed income |  | 4609402 |
| FNMA POOL SD8235 3 USD 08/01/2052 | Fixed income |  | 4837528 |
| FNMA POOL SD8439 6 USD 06/01/2054 | Fixed income |  | 4318385 |
| FNMA POOL SD8484 4 USD 11/01/2054 | Fixed income |  | 3309363 |
| FNMA POOL SL3658 3 USD 10/01/2053 | Fixed income |  | 5025789 |
| FNMA TBA 3.0% FEB 30YR 3.00% | Fixed income |  | 138697 |
| FNMA TBA 3.5% FEB 30YR 3.50% | Fixed income |  | 139201 |
| FNMA TBA 5.0% FEB 30YR 5.00% | Fixed income |  | 106895 |
| FNMA TBA 5.5% FEB 30YR 5.50% | Fixed income |  | 86420 |
| FNMA TBA 6.0% FEB 30YR 6.00% | Fixed income |  | 52495 |
| FNMA TBA POOL FEB 30 YR 4.5 4.5 USD 02/01/2056 | Fixed income |  | 5020789 |
| FORDO 2025-C A3 | Fixed income |  | 10043932 |
| FORTINET INC SR UNSEC | Fixed income |  | 5182 |
| FORTINET INC SR UNSEC 2.20% | Fixed income |  | 718054 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| FORTITUDE GLOBAL FUNDING 144A W/O RTS 4.625 USD 10/06/2028 | Fixed income |  | 249835 |
| FR RA4095 | Fixed income |  | 21138845 |
| FR RJ1427 | Fixed income |  | 4809867 |
| FR SB1743 | Fixed income |  | 10047949 |
| FR SB1744 | Fixed income |  | 10174779 |
| FR SB8102 | Fixed income |  | 15516263 |
| G2SF 2 1/1/2056 | Fixed income |  | 4145655 |
| G2SF 2.5 1/1/20 | Fixed income |  | 4319399 |
| G2SF 3 1/1/2056 | Fixed income |  | 3600595 |
| G2SF 4 1/1/2056 | Fixed income |  | 1893653 |
| G2SF 4.5 1/1/20 | Fixed income |  | 2929594 |
| G2SF 5 1/1/2056 | Fixed income |  | 4002211 |
| G2SF 5.5 1/1/20 | Fixed income |  | 4051617 |
| G2SF 6 1/1/2056 | Fixed income |  | 3067572 |
| GA GLOBAL FUNDING TRUST 144A W/O RTS 2.25 USD 01/06/2027 | Fixed income |  | 249135 |
| GALC 2025-1 A3 | Fixed income |  | 2252652 |
| GARTNER INC 5.6 USD 11/20/2035 | Fixed income |  | 624555 |
| GATX CORP 5.5 USD 06/15/2035 | Fixed income |  | 242884 |
| GBDC 2.5 26 | Fixed income |  | 1987201 |
| GEN LUX SARL/GEN USA INC SR UNSEC | Fixed income |  | 1800 |
| GEN LUX SARL/GEN USA INC SR UNSEC 6.00% | Fixed income |  | 418637 |
| GENERAL MOTORS FINL CO 5.05 USD 04/04/2028 | Fixed income |  | 624749 |
| GENUINE PARTS CO 4.95 USD 08/15/2029 | Fixed income |  | 627736 |
| GEORGIA POWER CO 4 USD 10/01/2028 | Fixed income |  | 626894 |
| GLAXOSMITHKLINE CAPITAL 4.5 USD 04/15/2030 | Fixed income |  | 625189 |
| GLENCORE FUNDING LLC 144A W/O RTS 5.186 USD 04/01/2030 | Fixed income |  | 625869 |
| GLOBAL PAYMENTS INC 4.875 USD 11/15/2030 | Fixed income |  | 626322 |
| GM 4 26 | Fixed income |  | 2017977 |
| GOLDMAN SACHS GROUP INC 5.049 USD 07/23/2030 | Fixed income |  | 624318 |
| GOLDMAN SACHS PRIVATE CR 144A W/RTS 5.375 USD 01/31/2029 | Fixed income |  | 249838 |
| GOLUB CAPITAL BDC 7.05 USD 12/05/2028 | Fixed income |  | 250294 |
| GP 2.1 27 | Fixed income |  | 1961239 |
| GPC 1.875 30 | Fixed income |  | 2645164 |
| GS 4.369 31 | Fixed income |  | 1006110 |
| GSMS 2023-SHIP A 4.466408 USD 09/10/2038 | Fixed income |  | 206435 |
| GUARDIAN LIFE GLOB FUND 144A W/O RTS 4.402 USD 12/11/2030 | Fixed income |  | 249699 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| HALEON US CAPITAL LLC SR UNSEC SMR | Fixed income |  | 16369 |
| HALEON US CAPITAL LLC SR UNSEC SMR 3.38% | Fixed income |  | 1760921 |
| HAROT 2025-4 A3 | Fixed income |  | 10070777 |
| HART 2025-C A3 | Fixed income |  | 8748257 |
| HCA INC SR UNSEC | Fixed income |  | 13251 |
| HCA INC SR UNSEC 4.60% | Fixed income |  | 1687670 |
| HELMERICH & PAYNE INC 4.85 USD 12/01/2029 | Fixed income |  | 627963 |
| HERCULES CAPITAL INC 3.375 USD 01/20/2027 | Fixed income |  | 250263 |
| HNDA 4.9 27 | Fixed income |  | 635710 |
| HONEYWELL INTERNATIONAL 4.7 USD 02/01/2030 | Fixed income |  | 625420 |
| HOST HOTELS & RESORTS LP 4.25 USD 12/15/2028 | Fixed income |  | 627519 |
| HOST HOTELS & RESORTS LP SR UNSEC | Fixed income |  | 1950 |
| HOST HOTELS & RESORTS LP SR UNSEC 3.38% | Fixed income |  | 1249549 |
| HP ENTERPRISE CO 4.55 USD 10/15/2029 | Fixed income |  | 625145 |
| HPEFS 2025-2A A | Fixed income |  | 2285458 |
| HPS CORPORATE LENDING FU 5.45 USD 01/14/2028 | Fixed income |  | 249741 |
| HSBC HOLDINGS PLC 5.13 USD 11/19/2028 | Fixed income |  | 625078 |
| HUNTINGTON BANCSHARES 6.208 USD 08/21/2029 | Fixed income |  | 624655 |
| HYATT HOTELS CORP 5.25 USD 06/30/2029 | Fixed income |  | 609706 |
| HYATT HOTELS CORP SR UNSEC | Fixed income |  | 14119 |
| HYATT HOTELS CORP SR UNSEC 5.75% | Fixed income |  | 1361672 |
| HYNMTR 5.25 27 | Fixed income |  | 2073233 |
| HYUNDAI CAPITAL AMERICA 144A W/O RTS 5.15 USD 03/27/2030 | Fixed income |  | 625328 |
| ILLUMINA INC 4.75 USD 12/12/2030 | Fixed income |  | 628400 |
| IMPERIAL BRANDS FIN PLC 144A W/O RTS 4.5 USD 06/30/2028 | Fixed income |  | 611150 |
| INTC 3.75 27 | Fixed income |  | 2011889 |
| INTERSTATE POWER & LIGHT SR UNSEC | Fixed income |  | 10800 |
| INTERSTATE POWER & LIGHT SR UNSEC 3.60% | Fixed income |  | 1177528 |
| IQVIA INC | Fixed income |  | 9468 |
| IQVIA INC 5.70% | Fixed income |  | 1345838 |
| IQVIA INC 6.25 USD 02/01/2029 | Fixed income |  | 626800 |
| ITC HOLDINGS CORP 144A W/O RTS 4.95 USD 09/22/2027 | Fixed income |  | 625497 |
| J.P. MORGAN SECURITIES LLC | Fixed income |  | (282285) |
| JABIL INC SR UNSEC | Fixed income |  | 22708 |
| JABIL INC SR UNSEC 5.45% | Fixed income |  | 1034205 |
| JACKSON NATL LIFE GLOBAL 144A W/O RTS 4.7 USD 06/05/2028 | Fixed income |  | 249378 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| JEFFERIES FIN GROUP INC 5.875 USD 07/21/2028 | Fixed income |  | 249327 |
| JOHNSON CONTROLS/TYCO FI 5.5 USD 04/19/2029 | Fixed income |  | 624764 |
| JONES LANG LASALLE INC SR UNSEC | Fixed income |  | 6875 |
| JONES LANG LASALLE INC SR UNSEC 6.88% | Fixed income |  | 1285288 |
| JPM 2.956 31 | Fixed income |  | 2841917 |
| JPMORGAN CHASE & CO 2.069 USD 06/01/2029 | Fixed income |  | 624847 |
| JPMORGAN CHASE & CO SR UNSEC TSFR3M | Fixed income |  | 133946 |
| JPMORGAN CHASE & CO SR UNSEC TSFR3M 3.78% | Fixed income |  | 8483463 |
| JXN 4.9 27 | Fixed income |  | 3092765 |
| KBC GROUP NV 144A W/O RTS 4.454 USD 09/23/2031 | Fixed income |  | 625332 |
| KILROY REALTY LP SR UNSEC | Fixed income |  | 6913 |
| KILROY REALTY LP SR UNSEC 3.05% | Fixed income |  | 558811 |
| KINDER MORGAN INC 5.1 USD 08/01/2029 | Fixed income |  | 623987 |
| KINDER MORGAN INC SR UNSEC | Fixed income |  | 7296 |
| KINDER MORGAN INC SR UNSEC 5.15% | Fixed income |  | 1760075 |
| KKR & CO INC 5.1 USD 08/07/2035 | Fixed income |  | 249447 |
| LAZARD GROUP LLC SR UNSEC | Fixed income |  | 24063 |
| LAZARD GROUP LLC SR UNSEC 4.38% | Fixed income |  | 1805274 |
| LEIDOS INC SR UNSEC | Fixed income |  | 8689 |
| LEIDOS INC SR UNSEC 2.30% | Fixed income |  | 901791 |
| LII 5.5 28 | Fixed income |  | 3144374 |
| LINCOLN FIN GLBL FUNDING 144A W/O RTS 4.625 USD 05/28/2028 | Fixed income |  | 249449 |
| LKQ CORP 5.75 USD 06/15/2028 | Fixed income |  | 607981 |
| LLOYDS BANKING GROUP PLC SR UNSEC | Fixed income |  | 27896 |
| LLOYDS BANKING GROUP PLC SR UNSEC 3.75% | Fixed income |  | 2592296 |
| LOW 3.1 27 | Fixed income |  | 1987824 |
| LOWE'S COS INC 4.85 USD 10/15/2035 | Fixed income |  | 625246 |
| LPL HOLDINGS INC 5.15 USD 06/15/2030 | Fixed income |  | 243440 |
| LYB INT FINANCE III 5.5 USD 03/01/2034 | Fixed income |  | 622336 |
| M&T BANK CORPORATION 5.179 USD 07/08/2031 | Fixed income |  | 624683 |
| MAIN STREET CAPITAL CORP 6.5 USD 06/04/2027 | Fixed income |  | 249229 |
| MAREX GROUP PLC 6.404 USD 11/04/2029 | Fixed income |  | 250448 |
| MAREX GROUP PLC SR UNSEC | Fixed income |  | 7723 |
| MAREX GROUP PLC SR UNSEC 5.83% | Fixed income |  | 915658 |
| MARRIOTT INTERNATIONAL 4.2 USD 07/15/2027 | Fixed income |  | 624652 |
| MAS 1.5 28 | Fixed income |  | 2856501 |
| MASCO CORP SR UNSEC | Fixed income |  | 9633 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| MASCO CORP SR UNSEC 1.50% | Fixed income |  | 1611056 |
| MASSMUTUAL GLOBAL FUNDIN 144A W/O RTS 4.95 USD 01/10/2030 | Fixed income |  | 249405 |
| META PLATFORMS INC 4.6 USD 11/15/2032 | Fixed income |  | 625331 |
| MICROCHIP TECHNOLOGY INC 5.05 USD 02/15/2030 | Fixed income |  | 625105 |
| MICROCHIP TECHNOLOGY INC SR UNSEC | Fixed income |  | 15262 |
| MICROCHIP TECHNOLOGY INC SR UNSEC 5.05% | Fixed income |  | 817100 |
| MITSUBISHI UFJ FIN GRP SR UNSEC | Fixed income |  | 35817 |
| MITSUBISHI UFJ FIN GRP SR UNSEC 2.34% | Fixed income |  | 3342117 |
| MIZUHO FINANCIAL GROUP 4.711 USD 07/08/2031 | Fixed income |  | 625163 |
| MIZUHO FINANCIAL GROUP SR UNSEC 3.15% | Fixed income |  | 771019 |
| MIZUHO FINANCIAL GROUP SR UNSEC TSFR3M | Fixed income |  | 11561 |
| MMM 4.8 30 | Fixed income |  | 3108979 |
| MORGAN STANLEY 4.133 USD 10/18/2029 | Fixed income |  | 624901 |
| MS 4.465 31 | Fixed income |  | 3023478 |
| NATIONAL BANK OF CANADA 4.5 USD 10/10/2029 | Fixed income |  | 624988 |
| NATIONAL GRID PLC SR UNSEC | Fixed income |  | 17910 |
| NATIONAL GRID PLC SR UNSEC 5.42% | Fixed income |  | 726510 |
| NATIONWIDE BLDG SOCIETY 144A W/O RTS 5.127 USD 07/29/2029 | Fixed income |  | 624574 |
| NATWEST GROUP PLC SR UNSEC | Fixed income |  | 45599 |
| NATWEST GROUP PLC SR UNSEC 5.08% | Fixed income |  | 2148538 |
| NETFLIX INC | Fixed income |  | 20583 |
| NETFLIX INC 4.88% | Fixed income |  | 2043762 |
| NEW YORK LIFE GLOBAL FDG 144A W/O RTS 4.15 USD 07/25/2028 | Fixed income |  | 249769 |
| NEXTERA ENERGY CAPITAL 4.685 USD 09/01/2027 | Fixed income |  | 624838 |
| NISOURCE INC 5.2 USD 07/01/2029 | Fixed income |  | 625163 |
| NSTAR ELECTRIC CO 4.85 USD 03/01/2030 | Fixed income |  | 624148 |
| NVIDIA CORPSR UNSEC | Fixed income |  | 8550 |
| NVIDIA CORPSR UNSEC 2.85% | Fixed income |  | 1147933 |
| NXP BV/NXP FDG/NXP USA SR UNSEC | Fixed income |  | 12600 |
| NXP BV/NXP FDG/NXP USA SR UNSEC 3.15% | Fixed income |  | 2373775 |
| OBDC 3.4 26 | Fixed income |  | 2017544 |
| OMEGA HLTHCARE INVESTORS 5.2 USD 07/01/2030 | Fixed income |  | 625572 |
| ORACLE CORP 4.45 USD 09/26/2030 | Fixed income |  | 624179 |
| ORLY 5.75 26 | Fixed income |  | 2040014 |
| PACIFIC GAS & ELECTRIC 1ST MTGE 1L | Fixed income |  | 38703 |
| PACIFIC GAS & ELECTRIC 1ST MTGE 5.05% | Fixed income |  | 3123200 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| PAYCHEX INC SR UNSEC SMR | Fixed income |  | 10767 |
| PAYCHEX INC SR UNSEC SMR 5.10% | Fixed income |  | 1030873 |
| PDM 3.15 30 | Fixed income |  | 1859685 |
| PERNOD RIC INTL FIN LLC 144A W/O RTS 1.25 USD 04/01/2028 | Fixed income |  | 625104 |
| PFAST 2025-1A A | Fixed income |  | 10023870 |
| PHILIP MORRIS INTL INC SR UNSEC | Fixed income |  | 6372 |
| PHILIP MORRIS INTL INC SR UNSEC 4.62% | Fixed income |  | 784757 |
| PHM 5 27 | Fixed income |  | 2060882 |
| PINNACLE WEST CAPITAL 4.9 USD 05/15/2028 | Fixed income |  | 626036 |
| PINNACLE WEST CAPITAL SR UNSEC | Fixed income |  | 13774 |
| PINNACLE WEST CAPITAL SR UNSEC 4.90% | Fixed income |  | 2242406 |
| PLAINS ALL AMER PIPELINE 5.6 USD 01/15/2036 | Fixed income |  | 625045 |
| PLAINS ALL AMER PIPELINE SR UNSEC | Fixed income |  | 17703 |
| PLAINS ALL AMER PIPELINE SR UNSEC 4.70% | Fixed income |  | 1208334 |
| PNC BANK NA 4.429 USD 07/21/2028 | Fixed income |  | 624109 |
| POLARIS INC 5.6 USD 03/01/2031 | Fixed income |  | 623415 |
| PPG INDUSTRIES INC 4.375 USD 03/15/2031 | Fixed income |  | 626152 |
| PRICOA GLOBAL FUNDING 1 144A W/O RTS 4.75 USD 08/26/2032 | Fixed income |  | 249025 |
| PRINCIPAL LFE GLB FND II 144A W/O RTS 5.1 USD 01/25/2029 | Fixed income |  | 249100 |
| PROTECTIVE LIFE CORP 144A W/O RTS 4.7 USD 01/15/2031 | Fixed income |  | 250299 |
| PUBLIC STORAGE OP CO 4.375 USD 07/01/2030 | Fixed income |  | 624806 |
| QUANTA SERVICES INC SR UNSEC | Fixed income |  | 34400 |
| QUANTA SERVICES INC SR UNSEC 4.30% | Fixed income |  | 2012207 |
| RAIZEN FUELS FINANCE 144A W/O RTS 6.25 USD 07/08/2032 | Fixed income |  | 247090 |
| RELX CAPITAL INC SR UNSEC | Fixed income |  | 14883 |
| RELX CAPITAL INC SR UNSEC 4.75% | Fixed income |  | 1225845 |
| RGA 3.95 26 | Fixed income |  | 2022484 |
| RGA GLOBAL FUNDING 144A W/O RTS 5 USD 08/25/2032 | Fixed income |  | 250418 |
| RIO TINTO FIN USA PLC 4.875 USD 03/14/2030 | Fixed income |  | 625794 |
| ROYAL BANK OF CANADA 4.498 USD 08/06/2029 | Fixed income |  | 625092 |
| ROYAL CARIBBEAN CRUISES | Fixed income |  | 23968 |
| ROYAL CARIBBEAN CRUISES 3.70% | Fixed income |  | 2177224 |
| RWE FINANCE US LLC 144A W/O RTS 5.125 USD 09/18/2035 | Fixed income |  | 626224 |
| S&P GLOBAL INC SR UNSEC | Fixed income |  | 17100 |
| S&P GLOBAL INC SR UNSEC 2.70% | Fixed income |  | 1828470 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SABINE PASS LIQUEFACTION SEC 5.00% | Fixed income |  | 2920402 |
| SABINE PASS LIQUEFACTION SEC\*FULL CALL\* | Fixed income |  | 42694 |
| SABRA HEALTH/CAPTL CORP SR UNSEC | Fixed income |  | 6587 |
| SABRA HEALTH/CAPTL CORP SR UNSEC 3.90% | Fixed income |  | 785457 |
| SANTANDER UK GROUP HLDGS 5.136 USD 09/22/2036 | Fixed income |  | 625623 |
| SANTOS FINANCE LTD 144A W/O RTS 5.75 USD 11/13/2035 | Fixed income |  | 623686 |
| SBL HOLDINGS INC 144A W/O RTS 5.9 USD 09/26/2028 | Fixed income |  | 249623 |
| SCOTT 2023-SFS A 144A 5.90975 USD 03/10/2040 | Fixed income |  | 623921 |
| SERVICENOW INC SR UNSEC | Fixed income |  | 6067 |
| SERVICENOW INC SR UNSEC 1.40% | Fixed income |  | 1147071 |
| SFUEL 2025-CA A | Fixed income |  | 7029482 |
| SIRIUSPOINT LTD 7 USD 04/05/2029 | Fixed income |  | 250635 |
| SIXTH STREET LENDING PAR 6.5 USD 03/11/2029 | Fixed income |  | 249329 |
| SMB 2023-C A1A | Fixed income |  | 3104164 |
| SMITH & NEPHEW PLC SR UNSEC | Fixed income |  | 23118 |
| SMITH & NEPHEW PLC SR UNSEC 5.15% | Fixed income |  | 1619248 |
| SOCIETE GENERALE 144A W/O RTS 5.25 USD 02/19/2027 | Fixed income |  | 624478 |
| SOLV 5.45 27 | Fixed income |  | 2066970 |
| SOLVAY FINANCE (AMERICA) 144A W/O RTS 5.65 USD 06/04/2029 | Fixed income |  | 624999 |
| SONOCO PRODUCTS CO 4.6 USD 09/01/2029 | Fixed income |  | 625625 |
| SOUTHERN CAL EDISON SEC | Fixed income |  | 45125 |
| SOUTHERN CAL EDISON SEC 2.85% | Fixed income |  | 3606129 |
| SOUTHERN CALIF GAS CO SR UNSEC | Fixed income |  | 18061 |
| SOUTHERN CALIF GAS CO SR UNSEC 2.95% | Fixed income |  | 2870485 |
| SOUTHWESTERN ENERGY CO SR UNSEC | Fixed income |  | 62708 |
| SOUTHWESTERN ENERGY CO SR UNSEC 5.38% | Fixed income |  | 2800090 |
| STATE STREET GOVERNMENT STIF (GSTIF) | Fixed income |  | 152955 |
| STATE STREET GOVERNMENT STIF (GSTIF) 3.85% | Fixed income |  | 587525 |
| STELLANTIS FINANCIAL SER 144A W/O RTS 4.95 USD 09/15/2028 | Fixed income |  | 627481 |
| STORE CAPITAL CORP SR UNSEC | Fixed income |  | 23850 |
| STORE CAPITAL CORP SR UNSEC 4.50% | Fixed income |  | 1802364 |
| STRYKER CORP SR UNSEC SMR | Fixed income |  | 16293 |
| STRYKER CORP SR UNSEC SMR 5.20% | Fixed income |  | 823622 |
| SUMITOMO MITSUI FINL GRP SR UNSEC | Fixed income |  | 12681 |
| SUMITOMO MITSUI FINL GRP SR UNSEC 2.75% | Fixed income |  | 942953 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| SUMITOMO MITSUI TR BK LT 144A W/O RTS 5.2 USD 03/07/2027 | Fixed income |  | 624680 |
| SVENSKA HANDELSBANKEN AB 144A W/O RTS 4.375 USD 05/23/2028 | Fixed income |  | 623140 |
| SWEDBANK AB 144A W/O RTS 5.407 USD 03/14/2029 | Fixed income |  | 624479 |
| SYNCHRONY FINANCIAL 5.935 USD 08/02/2030 | Fixed income |  | 626504 |
| SYNIT 2025-A3 A | Fixed income |  | 20129937 |
| SYNOPSYS INC SR UNSEC SMR | Fixed income |  | 12500 |
| SYNOPSYS INC SR UNSEC SMR 5.00% | Fixed income |  | 1023924 |
| SYSCO CORPORATION SR UNSEC | Fixed income |  | 12495 |
| SYSCO CORPORATION SR UNSEC 5.10% | Fixed income |  | 930342 |
| T 3.375 27 | Fixed income |  | 313329580 |
| T 3.5 28 | Fixed income |  | 145500315 |
| T 3.5 30 | Fixed income |  | 1985997 |
| T 3.75 32 | Fixed income |  | 39173499 |
| T 3.8 27 | Fixed income |  | 2024850 |
| T 4 35 | Fixed income |  | 27742912 |
| T 4.25 26 | Fixed income |  | 246737915 |
| T 4.625 45 | Fixed income |  | 9340329 |
| TAKE-TWO INTERACTIVE SOF 4.95 USD 03/28/2028 | Fixed income |  | 625602 |
| TAKE-TWO INTERACTIVE SOF SR UNSEC | Fixed income |  | 3420 |
| TAKE-TWO INTERACTIVE SOF SR UNSEC 5.40% | Fixed income |  | 1243475 |
| TARGA RESOURCES CORP 4.35 USD 01/15/2029 | Fixed income |  | 625354 |
| TARGA RESOURCES PARTNERS SR UNSEC | Fixed income |  | 46111 |
| TARGA RESOURCES PARTNERS SR UNSEC 5.00% | Fixed income |  | 2000677 |
| TBA CASH USD | Fixed income |  | (5014915) |
| TD 4.568 26 | Fixed income |  | 2015906 |
| TD SYNNEX CORP 4.3 USD 01/17/2029 | Fixed income |  | 625206 |
| TELEDYNE TECHNOLOGIES IN SMR | Fixed income |  | 9563 |
| TELEDYNE TECHNOLOGIES IN SMR 2.25% | Fixed income |  | 1635598 |
| TELEFONICA EMISIONES SAU SR UNSEC | Fixed income |  | 20606 |
| TELEFONICA EMISIONES SAU SR UNSEC 4.10% | Fixed income |  | 1599347 |
| THERMO FISHER SCIENTIFIC 4.473 USD 10/07/2032 | Fixed income |  | 625202 |
| T-MOBILE USA INC SR UNSEC | Fixed income |  | 30551 |
| T-MOBILE USA INC SR UNSEC 4.62% | Fixed income |  | 2888986 |
| TORONTO-DOMINION BANK 4.574 USD 06/02/2028 | Fixed income |  | 624071 |
| TOYOTA MOTOR CREDIT CORP 5.05 USD 05/16/2029 | Fixed income |  | 625132 |
| TPG OPERATING GROUP II 5.375 USD 01/15/2036 | Fixed income |  | 249729 |
| TRANSCANADA PIPELINES SR UNSEC | Fixed income |  | 5193 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| TRANSCANADA PIPELINES SR UNSEC 4.10% | Fixed income |  | 593967 |
| TRANSCONT GAS PIPE LINE SR UNSEC | Fixed income |  | 7890 |
| TRANSCONT GAS PIPE LINE SR UNSEC 3.25% | Fixed income |  | 1824210 |
| TRIMBLE INC SR UNSEC | Fixed income |  | 3267 |
| TRIMBLE INC SR UNSEC 4.90% | Fixed income |  | 1522676 |
| TYSON FOODS INC SR UNSEC | Fixed income |  | 18850 |
| TYSON FOODS INC SR UNSEC 4.35% | Fixed income |  | 1305661 |
| U S TREASURY BILLS 0.00% | Fixed income |  | 121471092 |
| U S TREASURY INFLATE PROT BD | Fixed income |  | 133486 |
| U S TREASURY INFLATE PROT BD 1.88% | Fixed income |  | 15399840 |
| U S TREASURY NOTE | Fixed income |  | 307537 |
| U S TREASURY NOTE 3.50% | Fixed income |  | 71452226 |
| U S TREASURY NOTE 4.00% | Fixed income |  | 16300195 |
| UBER TECHNOLOGIES INC SR UNSEC | Fixed income |  | 16485 |
| UBER TECHNOLOGIES INC SR UNSEC 4.15% | Fixed income |  | 1295873 |
| UBS GROUP AG 144A W/O RTS 4.844 USD 11/06/2033 | Fixed income |  | 623001 |
| UNION ELECTRIC CO | Fixed income |  | 12367 |
| UNION ELECTRIC CO 3.50% | Fixed income |  | 1181533 |
| UNITEDHEALTH GROUP INC 4.4 USD 06/15/2028 | Fixed income |  | 244267 |
| UNIVERSAL HEALTH SVCS 4.625 USD 10/15/2029 | Fixed income |  | 624951 |
| US DOLLAR USD | Fixed income |  | 6011684 |
| US TREASURY N/B 3.375 USD 11/30/2027 | Fixed income |  | 28843712 |
| US TREASURY N/B 3.5 USD 11/30/2030 | Fixed income |  | 46157408 |
| US TREASURY N/B 4 USD 11/15/2035 | Fixed income |  | 19633712 |
| USCAR 2025-1A A3 144A 4.49 USD 06/17/2030 | Fixed income |  | 338945 |
| VERALTO CORP SR UNSEC | Fixed income |  | 6237 |
| VERALTO CORP SR UNSEC 5.45% | Fixed income |  | 418383 |
| VERISIGN INC SR UNSEC | Fixed income |  | 35044 |
| VERISIGN INC SR UNSEC 4.75% | Fixed income |  | 1600264 |
| VICI PROPERTIES LP SR UNSEC | Fixed income |  | 23328 |
| VICI PROPERTIES LP SR UNSEC 4.75% | Fixed income |  | 1313549 |
| VOLKSWAGEN GROUP AMERICA 144A W/O RTS 5.25 USD 03/22/2029 | Fixed income |  | 625032 |
| VZ 4.125 27 | Fixed income |  | 2028817 |
| WABTEC SR UNSEC SMR | Fixed income |  | 23526 |
| WABTEC SR UNSEC SMR 4.70% | Fixed income |  | 1722204 |
| WEC 1.8 30 | Fixed income |  | 2679643 |
| WELLS FARGO & COMPANY 5.707 USD 04/22/2028 | Fixed income |  | 624235 |

---

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### EMPLOYER ID 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

#### AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Identity of Issue, Borrower, Lessor, or Similar Party | Description of Investment | Cost \* | Current Value |
| WELLS FARGO & COMPANY SR UNSEC SOFRRATE | Fixed income |  | 116349 |
| WELLS FARGO & COMPANY SR UNSEC SOFRRATE 5.20% | Fixed income |  | 5257081 |
| WELLTOWER OP LLC SR UNSEC | Fixed income |  | 25300 |
| WELLTOWER OP LLC SR UNSEC 4.50% | Fixed income |  | 1113603 |
| WESTERN-SOUTHERN GLOBAL 144A W/O RTS 4.7 USD 12/10/2032 | Fixed income |  | 249615 |
| WFC 2.572 31 | Fixed income |  | 943989 |
| WILLIS NORTH AMERICA INC 4.55 USD 03/15/2031 | Fixed income |  | 294896 |
| WILLIS NORTH AMERICA INC SR UNSEC | Fixed income |  | 6949 |
| WILLIS NORTH AMERICA INC SR UNSEC 2.95% | Fixed income |  | 762678 |
| WOART 2023-D A3 5.79 USD 02/15/2029 | Fixed income |  | 630006 |
| WOART 2025-D A3 | Fixed income |  | 8782932 |
| WORKDAY INC SR UNSEC | Fixed income |  | 13875 |
| WORKDAY INC SR UNSEC 3.70% | Fixed income |  | 1480167 |
| WTW 4.55 31 | Fixed income |  | 2765570 |
| **Common Collective Trusts** |  |  |  |
| INVESCO SHORT-TERM INVESTMENT FUND\*\*  | Common collective trust |  | 96631809 |
| **Stable Value Account Total** |  |  | 2002301302 |
| **Wrapper Contracts** |  |  |  |
| American General Life Ins |  |  |  |
| MassMutual |  |  |  |
| Met Tower Life |  |  |  |
| Nationwide Life Insurance |  |  |  |
| Pacific Life Insurance |  |  |  |
| Prudential Ins Co |  |  |  |
| RGA |  |  |  |
| **Wrapper Contracts Total** |  |  |  |
| **Total Investments** |  |  | 77538934916 |
| Participant Loans\*\* Interest 3.25%-9.50%, maturing through February 2044 | Participant Loans\*\* Interest 3.25%-9.50%, maturing through February 2044 |  | 260395359 |
| **Total** |  |  | $77799330275 |

---

\* Information not presented because investments are participant-directed

\*\* Party-in-interest

------

#### **Table of Contents**

#### MICROSOFT CORPORATION

#### SAVINGS PLUS 401(k) PLAN

#### Employer ID No: 91-1144442, PLAN 001

#### SUPPLEMENTAL SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS

#### YEAR ENDED DECEMBER 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Participant<br> Contributions<br> Transferred Late to<br> Plan** | **Total That Constitute Non-exempt Prohibited Transactions** | **Total That Constitute Non-exempt Prohibited Transactions** | **Total That Constitute Non-exempt Prohibited Transactions** | **Total Fully<br> Corrected VFCP<br> and PTE 2002-51** |
| Check here if Late<br> Participant Loan<br> Repayments are<br> included: ☒<br>| **Contributions Not<br> Corrected** | **Contributions<br> Corrected Outside**<br>**VFCP** | **Contributions<br> Pending Correction<br> in VFCP** | **Total Fully<br> Corrected VFCP<br> and PTE 2002-51** |
| $46597 | $0 | $46,597 \* | $0 | $0 |

---

\* Represents delinquent participant contributions and loan repayments from 2025 pay periods corrected in 2026.

## Exhibit 23.1

Exhibit 23.1

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

We consent to the incorporation by reference in Registration Statement Nos. 333-118764, 333-75243, and 333-185757 on Form S-8 of our report dated June 25, 2026, relating to the financial statements and supplemental schedules of the Microsoft Corporation Savings Plus 401(k) Plan appearing in this Annual Report on Form 11-K of Microsoft Corporation Savings Plus 401(k) Plan for the year ended December 31, 2025.

/s/ Deloitte & Touche LLP

Seattle, Washington

June 25, 2026