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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, 2021

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 and the related statements of changes in net assets available for benefits as of and for the years ended December 31, 2021 and 2020, 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.

 

 


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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 23, 2022

 

                    

 

/s/ KRISTEN ROBY DIMLOW

    Kristen Roby Dimlow
    Member of 401(k) Administrative Committee

Date:    June 23, 2022

   

/s/ DANIEL GOFF

    Daniel Goff
    Member of 401(k) Administrative Committee

Date:    June 23, 2022

   

/s/ ANITA MEHRA

    Anita Mehra
    Member of 401(k) Administrative Committee

 


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APPENDIX 1

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM;

FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020;

NOTES TO FINANCIAL STATEMENTS; AND

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR) AS OF DECEMBER 31, 2021

 


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MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

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     Page  

Report of Independent Registered Public Accounting Firm

     1  

Financial Statements:

  

Statements of Net Assets Available for Benefits as of December 31, 2021 and 2020

     2  

Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31, 2021 and 2020

     3  

Notes to Financial Statements

     4  

Supplemental Schedule:

  

Supplemental Schedule of Assets (Held at End of Year) as of December 31, 2021

     11  

Exhibit:

  

Consent of Independent Registered Public Accounting Firm

  

 

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.


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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, 2021 and 2020, the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2021 and 2020, and the changes in net assets available for benefits for the years then ended, 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 Schedule

The supplemental schedule of assets (held at end of year) as of December 31, 2021 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in 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 schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Deloitte & Touche LLP

Seattle, Washington

June 23, 2022

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

 

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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

 

 

 

December 31,    2021      2020  

ASSETS

     

Cash

   $ 9,748,231      $ 13,583,789  

Investments held by trustee, at fair value

     47,805,902,852        38,161,818,818  

Receivables:

     

Participant loans

     188,454,373        172,830,176  

Other receivables

     16,686,328        15,846,052  

 

    

 

 

 

Total receivables

     205,140,701        188,676,228  

 

    

 

 

 

Total assets

     48,020,791,784        38,364,078,835  

LIABILITIES

     

Operating payables

     7,637,439        6,081,698  

Other payables

     7,994,361        14,518,790  

 

    

 

 

 

Total liabilities

     15,631,800        20,600,488  

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $       48,005,159,984      $       38,343,478,347  
  

 

 

    

 

 

 

Refer to accompanying notes.

 

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STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

 

 

 

Year Ended December 31,    2021      2020  

ADDITIONS

     

Net investment income:

     

Interest and dividends

   $ 67,765,879      $ 61,764,620  

Net increase in fair value of investments

     7,734,352,436        7,819,378,707  

 

    

 

 

 

Net investment income

     7,802,118,315        7,881,143,327  
  

 

 

    

 

 

 

Contributions:

     

Participant contributions

     2,707,460,814        2,080,721,878  

Employer contributions

     870,172,034        717,410,483  

 

    

 

 

 

Total contributions

     3,577,632,848        2,798,132,361  

 

    

 

 

 

            Total additions

     11,379,751,163        10,679,275,688  

DEDUCTIONS

     

Benefits paid to participants

     1,812,250,297        1,357,746,762  

 

    

 

 

 

NET INCREASE IN NET ASSETS BEFORE TRANSFERS

     9,567,500,866        9,321,528,926  

Transfers in

     94,180,771        1,492,774,038  

 

    

 

 

 

NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS

     9,661,681,637        10,814,302,964  

NET ASSETS AVAILABLE FOR BENEFITS

     

Beginning of year

     38,343,478,347        27,529,175,383  

 

    

 

 

 

End of year

   $     48,005,159,984      $     38,343,478,347  
  

 

 

    

 

 

 

Refer to accompanying notes.

 

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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.; Microsoft Payments, Inc.; Microsoft Open Technologies, Inc.; Microsoft Technology Licensing; Undead Labs; LinkedIn Corporation (“LinkedIn”) (effective July 1, 2020); GitHub, Inc. (“GitHub”) (effective October 9, 2020); and inXile Entertainment, Inc. (“inXile”) (effective July 9, 2021). 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 2021 and 2020, 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 program, 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, or 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 both 2021 and 2020, the maximum annual 401(k) pre-tax and Roth contribution limit was $19,500, and the maximum annual catch-up contribution to the Plan was $6,500. Additionally, participants could contribute up to $28,750 for 2021 and $27,750 for 2020 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) generally 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. There were no excess contributions due to participants as of December 31, 2021 or 2020.

Participants may also 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 or annuity described in Internal Revenue Code (“IRC”) Section 408(a) or 408(b) that is eligible to be rolled over and would otherwise be includible in gross income.

 

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Employer Contributions

For all participating employers excluding inXile, the Company provides participants with a matching contribution on eligible pre-tax and/or Roth contributions of $0.50 for every $1.00 contributed. For inXile, the Company 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, 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.

Transfers

Metaswitch Networks Ltd. was acquired by the Company in 2020 and the Metaswitch Networks Corporation Profit Sharing and 401(k) Plan assets merged into the Plan in November 2021. Affirmed Networks Inc. was acquired by the Company in 2020 and the Affirmed Networks Inc. 401(k) Profit Sharing Plan and Trust assets merged into the Plan in October 2021. inXile was acquired by the Company in 2018 and the inXile Entertainment 401(k) Plan & Trust assets merged into the Plan in July 2021. GitHub was acquired by the Company in 2018 and the GitHub, Inc. 401(k) Plan & Trust assets merged into the Plan in October 2020. LinkedIn was acquired by the Company in 2016 and the LinkedIn Corporation 401(k) Profit Sharing Plan and Trust assets merged into the Plan in July 2020. Undead Labs was acquired by the Company in 2018 and the Undead Labs 401(k) Plan assets merged into the Plan in January 2020. The merged amounts are included as transfers in on the statement of changes in net assets available for benefits for the respective years ended December 31, 2021 and 2020.

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, and dividends on Microsoft Common Stock can continue to be reinvested or received in cash.

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.

Coronavirus Aid, Relief, and Economic Security (“CARES”) Act

During April 2020, the Plan implemented distribution and loan relief provisions in accordance with the CARES Act, which was enacted in March 2020. The provisions enabled participants negatively impacted by COVID-19 to take a penalty-free

 

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distribution through December 30, 2020 and suspend outstanding scheduled loan payments until 2021, increased the maximum loan limit for loans taken as a result of COVID-19 through September 22, 2020, and suspended required minimum distributions for the 2020 calendar year, including 2020 payments that would have been required to be made by April 1, 2021, unless elected otherwise.

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 pre-tax contributions, pre-tax catch-up contributions, after-tax contributions (including earnings thereon), Roth contributions, Roth catch-up contributions, and rollover contributions (excluding acquisition rollovers).

Active participants may also generally take a withdrawal at any time from their rollover and after-tax accounts within the Plan. After reaching age 5912, 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.

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, including common stock, mutual funds, common collective trusts, and separately managed accounts. 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, the ongoing COVID-19 pandemic, 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.

 

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Valuation of Investments and Income (Loss) Recognition

Investments are recorded at fair value. 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 statements of changes in net assets available for benefits.

Receivables and Payables

As of December 31, 2021 and 2020, 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 — FINANCIAL INSTRUMENTS

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, 2021 and 2020, 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 trustee 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 investment advisor 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.

 

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Two of the common collective trusts, the State Street Short Term Investment Fund (“Fid Bank Trust St Inv Fund”) and the State Street Government Short Term Investment Fund (“SSBK Govt STIF Fund”), do not file as direct filing entities with the Department of Labor. The investment strategy of both of these funds is to provide safety of principal, daily liquidity, and a competitive yield over the long term. The Fid Bank Trust St Inv Fund invests primarily in short term instruments such as certificates of deposit and commercial paper. The SSBK Govt STIF Fund invests primarily in U.S. Treasury obligations.

Financial Instruments Measured at Fair Value

 

December 31, 2021    Level 1      Level 2      Total  

 

 

Mutual funds

   $ 783,069,968      $ 0      $ 783,069,968  

Microsoft Common Stock

     4,765,882,486        0        4,765,882,486  

Separately managed accounts:

        

 Common stock

     5,707,711,505        0        5,707,711,505  

 Mutual funds

     0        1,403,399,778        1,403,399,778  

 Other

     0        67,356,869        67,356,869  

Brokerage accounts

     3,079,314,216        50,921,944        3,130,236,160  

 

    

 

 

    

 

 

 

Total

   $     14,335,978,175      $     1,521,678,591        15,857,656,766  

Common collective trusts measured at NAV

           31,494,017,850  

Separately managed accounts:

        

 Common collective trusts measured at NAV

           454,228,236  
        

 

 

 

Total Investments

         $ 47,805,902,852  
        

 

 

 
December 31, 2020    Level 1      Level 2      Total  

 

 

Mutual funds

   $ 829,296,690      $ 0      $ 829,296,690  

Microsoft Common Stock

     3,341,097,553        0        3,341,097,553  

Separately managed accounts:

        

 Common stock

     4,960,569,581        0        4,960,569,581  

 Mutual funds

     0        1,375,842,819        1,375,842,819  

 Other

     207,422,564        45,005,846        252,428,410  

Brokerage accounts

     2,336,664,367        44,184,154        2,380,848,521  

 

    

 

 

    

 

 

 

Total

   $ 11,675,050,755      $ 1,465,032,819        13,140,083,574  

Common collective trusts measured at NAV

           25,021,735,244  
        

 

 

 

Total Investments

         $ 38,161,818,818  
        

 

 

 

NOTE 3 — 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 and for the years ended December 31, 2021 and 2020. These derivative instruments are primarily a component of the “Other” caption of separately managed accounts in Note 2 – Financial Instruments.

NOTE 4 — 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.

 

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The interest rate for participant loans is 1 percent plus the prime rate on corporate loans. The range of interest rates for outstanding Primary Residence Loans as of December 31, 2021 was 3.25 percent to 9.00 percent, maturing at various dates through October 2046. The range of interest rates for outstanding General Loans as of December 31, 2021 was 4.25 percent to 6.50 percent, maturing at various dates through January 2027.

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 establish a loan repayment service or payoff 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 individual retirement account (“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 5 — TAX STATUS

The IRS has determined and informed the Plan, by a letter dated August 21, 2014, 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 September 17, 2010 through August 5, 2014, and the trust agreement with Fidelity adopted on July 19, 2013. The Plan has been amended since receiving the determination letter and was restated effective January 1, 2022. A new determination letter application was submitted to the IRS in February 2022. 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 6 — PARTY-IN-INTEREST TRANSACTIONS

Plan investments include common collective trusts 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.

Transactions in Microsoft Common Stock also qualify as party-in-interest transactions. As of December 31, 2021 and 2020, the Plan held 14,170,678 shares of Microsoft Common Stock valued at $4,765,882,486 and 15,021,570 shares of Microsoft Common Stock valued at $3,341,097,553, respectively. During the years ended December 31, 2021 and 2020, the Plan recorded Microsoft Common Stock dividend income of $33,517,903 and $32,555,519, respectively.

 

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NOTE 7 — 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, which is the annual return/report for the Plan:

 

December 31,    2021     2020  

Net assets available for benefits per the financial statements

   $ 48,005,159,984     $ 38,343,478,347  

Less: benefits payable

     (5,115,908     (3,226,841

 

   

 

 

 

Net assets per the Form 5500

   $     48,000,044,076     $     38,340,251,506  
  

 

 

   

 

 

 

The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500:

 

                                                                 
Year Ended December 31,    2021      2020  

Benefits paid to participants per the financial statements

   $ 1,812,250,297      $ 1,357,746,762  

Plus: increase in benefits payable at year end

     1,889,067        448,280  

 

    

 

 

 

Benefits paid to participants per the Form 5500

   $     1,814,139,364      $     1,358,195,042  
  

 

 

    

 

 

 

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

 

10


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, 2021

 

 

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

BROKERAGE ACCOUNTS

        

 

        

BrokerageLink **

     3,130,236,160                          $   3,130,236,160  

COMMON COLLECTIVE TRUSTS

        

 

        

BlackRock LifePath Index 2025

     9,197,229           134,090,083  

BlackRock LifePath Index 2030

     128,200,157           1,955,231,873  

BlackRock LifePath Index 2035

     18,392,223           292,686,474  

BlackRock LifePath Index 2040

     204,270,537           3,373,875,182  

BlackRock LifePath Index 2045

     26,188,769           445,303,357  

BlackRock LifePath Index 2050

     194,767,231           3,359,773,694  

BlackRock LifePath Index 2055

     30,162,569           521,616,388  

BlackRock LifePath Index 2060

     57,665,099           996,631,665  

BlackRock LifePath Index 2065

     5,897,334           83,687,303  

BlackRock LifePath Index Retirement

     46,823,628           652,370,202  

BlackRock Short-term Investment Fund

     807,776,060           807,776,060  

Fidelity Contrafund Pool Class 3 *

     79,289,311           2,676,014,243  

Fidelity Growth Company Pool Class 3 *

     102,055,979           5,383,452,917  

Vanguard Russell 1000 Growth Index Trust

     6,379,868           2,312,829,817  

Vanguard Russell 1000 Value Index Trust

     7,668,088           1,643,808,104  

Vanguard Russell 2000 Growth Index Trust

     6,233,778           1,472,231,319  

Vanguard S&P 500 Index Trust

     29,839,522           5,380,662,682  

Wells Fargo Stable Fund C

     34,639           1,976,487  

EMPLOYER STOCK

        

 

        

Microsoft Common Stock *

     14,170,678           4,765,882,486  

MUTUAL FUNDS

        

 

        

PIMCO All Asset All Authority

     5,801,832           47,865,111  

PIMCO Inflation Response Multi-Asset Response

     7,202,539           65,110,950  

Vanguard Short-Term Bond Index Fund (Signal)

     63,156,824           670,093,907  

SEPARATELY MANAGED ACCOUNTS

        

 

        

Artisan Mid Cap Account

        

Currency

        

 DANISH KRONE

     1,691           259  

 SWISS FRANC

     110           121  

Publicly-traded Common Stock

        

 ADVANCED DRAINAGE SYSTEMS INC

     183,638           24,998,641  

 AGILENT TECHNOLOGIES INC

     228,072           36,411,695  

 APTIV PLC

     314,195           51,826,465  

 ARGENX SE SPONSORED ADR

     149,138           52,226,636  

 ARISTA NETWORKS INC

     353,956           50,881,175  

 ASCENDIS PHARMA AS SPON ADR

     503,216           67,697,648  

 ATLASSIAN CORP PLC CLS A

     228,173           87,000,083  

 AZENTA INC

     246,644           25,431,463  

 

11


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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 BALL CORP

     336,806                                   32,424,314  

 BIGCOMMERCE HOLDINGS INC

     473,201           16,737,119  

 BILL.COM HOLDINGS INC

     104,641           26,071,305  

 BIONTECH SE ADR

     61,984           15,979,475  

 BURLINGTON STORES INC

     182,229           53,121,576  

 CATALENT INC

     515,255           65,968,098  

 CERIDIAN HCM HLDG INC

     465,921           48,670,108  

 CHEGG INC

     232,852           7,148,556  

 CHIPOTLE MEXICAN GRILL INC

     29,621           51,784,913  

 COGNEX CORP

     258,514           20,102,049  

 DATADOG INC CL A

     339,463           60,461,755  

 DEXCOM INC

     77,781           41,764,508  

 DRAFTKINGS INC CL A

     231,994           6,372,875  

 ENTEGRIS INC

     270,916           37,543,539  

 EVOTEC SE

     420,124           20,328,225  

 EXACT SCIENCES CORP

     157,328           12,244,838  

 FIRST REPUBLIC BANK

     195,429           40,358,043  

 FORTIVE CORP

     607,544           46,349,532  

 GENERAC HOLDINGS INC

     128,965           45,385,363  

 GENMAB AS

     98,738           39,754,892  

 GLOBAL PAYMENTS INC

     461,648           62,405,577  

 GLOBAL-E ONLINE LTD

     335,408           21,261,513  

 HUBSPOT INC

     168,930           111,350,210  

 INGERSOLL RAND INC

     1,082,549           66,977,307  

 LATTICE SEMICONDUCTOR CORP

     740,016           57,025,633  

 LPL FINL HLDGS INC

     186,905           29,921,621  

 LULULEMON ATHLETICA INC

     62,384           24,420,217  

 LYFT INC

     634,228           27,100,562  

 MARQETA INC CL A

     238,188           4,089,688  

 MATCH GROUP INC

     376,185           49,750,466  

 MONOLITHIC POWER SYS INC

     32,189           15,879,799  

 MSCI INC

     94,996           58,203,099  

 NASDAQ INC

     244,023           51,247,270  

 NEOGENOMICS INC

     475,079           16,209,695  

 NEW YORK TIMES CO CL A

     686,880           33,176,304  

 ON SEMICONDUCTOR CORP

     403,433           27,401,169  

 ROKU INC CLASS A

     138,330           31,566,906  

 SOFI TECHNOLOGIES INC

     899,289           14,217,759  

 SPOTIFY TECHNOLOGY SA

     52,916           12,383,931  

 SVB FINL GROUP

     93,296           63,277,079  

 SYNOPSYS INC

     130,099           47,941,482  

 TELEDYNE TECHNOLOGIES INC

     91,998           40,193,006  

 TOAST INC

     289,197           10,038,028  

 TRADEWEB MARKETS INC A

     536,733           53,748,443  

 TRANSUNION

     384,014           45,536,380  

 TREX CO INC

     152,272           20,561,288  

 TRIMBLE INC

     441,221           38,470,059  

 

12


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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 TYLER TECHNOLOGIES INC

     55,753                                   29,992,326  

 VEEVA SYS INC CL A

     293,715           75,038,308  

 WAYFAIR INC

     62,569           11,886,233  

 WEST PHARMACEUTICAL SVCS INC

     110,031           51,605,639  

 YETI HOLDINGS INC

     302,537           25,059,140  

 ZOOMINFO TECHNOLOGIES INC

     572,379           36,746,732  

 ZSCALER INC

     172,593           55,459,309  

 ZYNGA INC

     7,284,368           46,619,955  

Common Collective Trusts

        

 SSBK GOVT STIF FUND

     55,474,878           55,474,878  
        

 

 

 

Artisan Mid Cap Account Total

           2,507,282,280  

SMID Cap Value Account

        

Publicly-traded Common Stock

        

 1 800 FLOWERS.COM INC CL A

     66,468           1,553,357  

 2SEVENTY BIO INC-W/I

     488           12,507  

 AAR CORP

     8,027           313,294  

 AARON’S CO INC/THE

     4,647           114,549  

 ABERCROMBIE & FITCH CO CL A

     18,444           642,405  

 ABM INDUSTRIES INC

     14,687           599,964  

 ACACIA RESEARCH - ACACIA TECH

     8,286           42,507  

 ACADIA HEALTHCARE CO INC

     18,206           1,105,104  

 ACCO BRANDS CORP

     24,875           205,468  

 ACHIEVE LIFE SCIENCES INC

     1,853           14,416  

 ACI WORLDWIDE INC

     77,165           2,677,626  

 ACME UNITED CORP

     770           25,949  

 ACORDA THERAPEUTICS INC

     1,403           3,353  

 ACTINIUM PHARMACEUTICALS INC

     261           1,569  

 ACUITY BRANDS INC

     315           66,692  

 ACUSHNET HOLDINGS CORP

     17,439           925,662  

 ADA-ES INC

     6,360           42,103  

 ADAMS RESOURCES AND ENERGY INC

     164           4,561  

 ADDUS HOMECARE CORP

     3,792           354,590  

 ADIENT PLC

     17,442           835,123  

 ADT INC

     279,361           2,349,426  

 ADTALEM GLOBAL EDUCATION INC

     72,481           2,142,538  

 ADTRAN INC

     15,316           349,664  

 ADVANCED ENERGY INDUSTRIES INC

     2,979           271,268  

 ADVANSIX INC

     9,138           431,771  

 AEROVIRONMENT INC

     2,604           161,526  

 AFFILIATED MANAGERS GRP INC

     26,002           4,277,589  

 AGCO CORP

     12,815           1,486,796  

 AGIOS PHARMACEUTICALS INC

     6,727           221,116  

 AGROFRESH SOLUTIONS INC

     5,850           11,642  

 AIM IMMUNOTECH INC

     4,594           4,226  

 AIR LEASE CORP CL A

     32,937           1,456,804  

 AIR TRANSPORT SERVICES GROUP

     15,792           463,969  

 

13


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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 AIRGAIN INC

     1,538                                          16,349  

 AKEBIA THERAPEUTICS INC

     30,260           68,388  

 AKERNA CORP

     1,457           2,550  

 ALAMO GROUP INC

     4,521           665,401  

 ALBANY INTERNATIONAL CORP CL A

     7,498           663,198  

 ALCOA CORP

     43,337           2,582,018  

 ALERISLIFE INC

     7,429           21,916  

 ALERUS FINANCIAL CORP

     3,199           93,667  

 ALEXION PHARMACEUTICALS INC (CVR) RT

     65,534           30,146  

 ALICO INC

     2,096           77,615  

 ALKERMES PLC

     10,838           252,092  

 ALLEGHANY CORP DEL

     3,133           2,091,559  

 ALLEGHENY TECHNOLOGIES INC

     23,326           371,583  

 ALLEGIANCE BANCSHARES INC

     5,253           221,729  

 ALLEGIANT TRAVEL CO

     872           163,099  

 ALLIANCE DATA SYSTEMS CORP

     5,321           354,219  

 ALLIED MOTION TECH INC

     2,877           104,982  

 ALLSCRIPTS HLTHCARE SOLS INC

     46,343           855,028  

 ALPHA & OMEGA SEMICNDTR LTD

     5,648           342,043  

 ALPHA METALLURGICAL RESOURCES INC

     4,794           292,674  

 ALTA EQUIPMENT GROUP INC

     5,414           79,261  

 ALTIMMUNE INC

     3,426           31,382  

 ALTO INGREDIENTS INC

     10,794           51,919  

 ALTRA INDUSTRIAL MOTION CORP

     11,358           585,732  

 AMALGAMATED FINANCIAL CORP

     5,424           90,960  

 A-MARK PRECIOUS METALS INC

     2,040           124,644  

 AMBAC FINANCIAL GROUP INC

     10,823           173,709  

 AMC NETWORKS INC CL A

     5,319           183,186  

 AMERANT BANCORP INC

     6,169           213,139  

 AMERCO INC

     3,106           2,255,670  

 AMERICAN AXLE & MFG HLDGS INC

     29,222           272,641  

 AMERICAN EAGLE OUTFITTERS INC

     37,527           950,184  

 AMERICAN EQY INVT LIFE HLD CO

     23,748           924,272  

 AMERICAN FINL GROUP INC OHIO

     3,443           472,793  

 AMERICAN NATIONAL GROUP INC

     4,860           917,762  

 AMERICAN NATL BANKSHARES INC

     3,417           128,753  

 AMERICAN OUTDOOR BRANDS INC

     4,271           85,121  

 AMERICAN PUBLIC EDUCATION INC

     5,038           112,096  

 AMERICAN VANGUARD CORP

     8,942           146,559  

 AMERICAN WOODMARK

     4,190           273,188  

 AMERICAS CAR MART INC

     1,682           172,237  

 AMERIS BANCORP

     16,620           825,682  

 AMES NATIONAL CORP

     1,125           27,551  

 AMKOR TECHNOLOGY INC

     76,817           1,904,293  

 AMPCO-PITTSBURG CORP

     4,928           24,640  

 AMPHASTAR PHARMACEUTICALS INC

     10,113           235,532  

 AMTECH SYSTEMS INC

     5,802           57,324  

 

14


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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 ANAPTYSBIO INC

     6,996                                         243,111  

 ANDERSONS INC

     10,769           416,868  

 ANGIODYNAMICS INC

     12,249           337,827  

 ANI PHARMACEUTICALS INC

     2,081           95,892  

 ANIKA THERAPEUTICS INC

     5,645           202,260  

 ANTERO MIDSTREAM CORP

     89,367           865,073  

 ANTERO RES CORP

     71,822           1,256,885  

 API GROUP CORP

     2,124           54,735  

 APOGEE ENTERPRISES INC

     8,421           405,471  

 APPLIED INDUSTRIAL TECH INC

     3,380           347,126  

 APPLIED OPTOELECTRONICS INC

     1,108           5,695  

 ARCBEST CORP

     5,608           672,119  

 ARCH RESOURCES INC CL A

     3,067           280,078  

 ARCHROCK INC

     43,517           325,507  

 ARCONIC CORP

     22,886           755,467  

 ARCOSA INC

     39,220           2,066,894  

 ARCUTIS BIOTHERAPEUTICS INC

     595           12,340  

 ARDMORE SHIPPING CORP

     9,215           31,147  

 ARGAN INC

     3,498           135,338  

 ARGO GROUP INTL

     10,253           595,802  

 ARK RESTAURANTS CORP

     298           4,962  

 ARMADA HOFFLER PROPERTIES INC

     155,175           2,361,764  

 ARMSTRONG FLOORING INC

     5,765           11,415  

 ARROW ELECTRONICS INC

     23,923           3,212,141  

 ARROW FINANCIAL CORP

     3,749           132,077  

 ARTIVION INC

     3,923           79,833  

 ASBURY AUTOMOTIVE GROUP INC

     2,933           506,617  

 ASGN INC

     4,366           538,764  

 ASHLAND GLOBAL HOLDINGS INC

     10,650           1,146,579  

 ASSEMBLY BIOSCIENCES INC

     5,146           11,990  

 ASSETMARK FINANCIAL HOLDINGS INC

     220           5,766  

 ASSOCIATED BANC CORP

     54,898           1,240,146  

 ASSURED GUARANTY LTD

     23,546           1,182,009  

 ASTEC INDUSTRIES INC

     6,630           459,260  

 ASTRONICS CORP

     7,761           93,132  

 ASTRONICS CORP CL B

     1,109           13,319  

 ASURE SOFTWARE INC

     5,362           41,984  

 ATHENE HOLDING LTD

     36,918           3,076,377  

 ATLANTIC CAPITAL BANCSHARES INC

     5,294           152,308  

 ATLANTIC UN BANKSHARES CORP

     17,291           644,781  

 ATLAS AIR WORLD

     9,888           930,659  

 ATMOS ENERGY CORP

     28,892           3,027,015  

 ATN INTERNATIONAL INC

     4,177           166,871  

 ATYR PHARMA INC

     1,787           13,349  

 AUDACY INC CORP CL A

     35,902           92,268  

 AUTOLIV INC

     6,335           655,102  

 AUTONATION INC

     27,805           3,249,014  

 

15


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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 AVANOS MEDICAL INC

     10,803                                         374,540  

 AVERY DENNISON CORP

     11,361           2,460,452  

 AVIAT NETWORKS INC

     2,986           95,791  

 AVIENT CORP

     1,086           60,762  

 AVNET INC

     30,974           1,277,058  

 AWARE INC MASS

     2,540           8,001  

 AXALTA COATING SYSTEMS LTD

     101,675           3,367,476  

 AXCELIS TECHNOLOGIES INC

     8,783           654,860  

 AXIS CAPITAL HOLDINGS LTD

     16,250           885,138  

 AXOS FINANCIAL INC

     8,860           495,363  

 AXT INC

     13,774           121,349  

 AZENTA INC

     26,619           2,744,685  

 AZZ INC

     6,040           333,952  

 B&G FOODS INC

     2,434           74,797  

 BALLANTYNE STRONG INC

     1,943           5,615  

 BANC OF CALIFORNIA INC

     15,572           305,523  

 BANCFIRST CORP

     1,026           72,395  

 BANCORP INC DEL

     18,525           468,868  

 BANK MARIN BANCORP

     3,850           143,336  

 BANK OF NT BUTTERFIELD&SON LTD

     450           17,150  

 BANK OZK

     41,723           1,941,371  

 BANKFINANCIAL CORP

     4,728           50,448  

 BANKUNITED INC

     18,600           786,966  

 BANKWELL FINANCIAL GROUP INC

     1,361           44,695  

 BANNER CORP

     11,646           706,563  

 BAR HARBOR BANKSHARES

     3,554           102,817  

 BARNES & NOBLE EDUCATION INC

     13,535           92,173  

 BARNES GROUP INC

     12,846           598,495  

 BARRETT BUSINES SERVICES

     833           57,527  

 BASSETT FURNITURE INDS INC

     3,250           54,503  

 BAYCOM CORP

     2,114           39,659  

 BCB BANCORP INC

     5,502           84,896  

 BEACON ROOFING SUPPLY INC

     16,890           968,642  

 BEAZER HOMES USA INC

     8,077           187,548  

 BED BATH & BEYOND INC

     24,693           360,024  

 BEL FUSE INC NV CL B

     3,387           43,794  

 BELDEN INC

     7,182           472,073  

 BENCHMARK ELECTRONICS INC

     9,368           253,873  

 BERKSHIRE HILLS BANCORP INC

     10,263           291,777  

 BERRY GLOBAL GROUP INC

     20,889           1,541,190  

 BERRY PETROLEUM CORP

     20,609           173,528  

 BGSF INC

     3,387           48,603  

 BIG 5 SPORTING GOODS CORP

     6,672           126,835  

 BIG LOTS INC

     8,534           384,457  

 BIGLARI HLDGS INC CL A

     16           11,120  

 BIGLARI HLDGS INC CL B

     608           86,683  

 BIO RAD LABS CL A

     1,777           1,342,648  

 

16


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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 BIODELIVERY SCIENCES INTL INC

     9,843                                          30,513  

 BJ’S RESTAURANTS INC

     2,504           86,513  

 BLUCORA INC

     11,878           205,727  

 BLUE APRON HOLDINGS INC CL A

     1,792           12,060  

 BLUE APRON HOLDINGS INC RT 10/28/21

     3,612           0  

 BLUE RIDGE BANKSHARES INC

     1,017           18,204  

 BLUEBIRD BIO INC

     1,464           14,625  

 BLUEGREEN VACATIONS HOLDING CORP CL A

     2,867           100,632  

 BLUELINX HOLDINGS INC

     1,538           147,279  

 BM TECHNOLOGIES INC

     962           8,860  

 BOISE CASCADE CO

     9,532           678,678  

 BOK FINANCIAL COMMON NEW

     41,692           4,398,089  

 BOOT BARN HOLDINGS INC

     3,776           464,637  

 BORGWARNER INC

     98,187           4,425,288  

 BOSTON OMAHA CORP

     6,712           192,836  

 BOTTOMLINE TECHNOLOGIES INC

     287           16,207  

 BOYD GAMING CORP

     34,307           2,249,510  

 BRADY CORPORATION CL A

     7,197           387,918  

 BRIDGEWATER BANCSHARES INC

     3,808           67,364  

 BRIGHAM MINERALS INC CL A

     1,717           36,212  

 BRIGHTHOUSE FINANCIAL INC

     17,547           908,935  

 BRIGHTVIEW HOLDINGS INC

     146,051           2,056,398  

 BRISTOW GROUP INC

     3,048           96,530  

 BROADWIND INC

     6,565           12,342  

 BROOKDALE SENIOR LIVING INC

     41,019           211,658  

 BROOKLINE BANCORP INC

     18,656           302,041  

 BRUNSWICK CORP

     31,489           3,171,887  

 BRYN MAWR BANK CORP

     6,178           278,072  

 BUCKLE INC (THE)

     3,474           146,985  

 BUILD A BEAR WORKSHOP INC

     4,650           90,768  

 BUILDERS FIRSTSOURCE

     31,112           2,666,610  

 BUNGE LIMITED

     30,274           2,826,381  

 BUSINESS FIRST BANCSHARES INC

     4,546           128,697  

 BYLINE BANCORP INC

     9,757           266,854  

 C & F FINANCIAL CORP

     556           28,462  

 C N A FINANCIAL CORP

     6,489           286,035  

 C T S CORP

     3,487           128,043  

 CABOT CORP

     13,604           764,545  

 CACI INTERNATIONAL INC

     3,058           823,244  

 CADENCE BANK

     159,412           4,748,883  

 CALAVO GROWERS INC

     1,468           62,243  

 CALERES INC

     5,931           134,515  

 CALIFORNIA RES CORP

     130           5,552  

 CALITHERA BIOSCIENCES INC

     2,781           1,850  

 CALLAWAY GOLF CO

     2,054           56,362  

 CALLON PETROLEUM CO

     5,799           274,003  

 CAL-MAINE FOODS INC

     10,410           385,066  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 CAMBRIDGE BANCORP

     295                                          27,609  

 CAMDEN NATIONAL CORP

     4,286           206,414  

 CAMPBELL SOUP CO

     7,445           323,560  

 CANNAE HOLDINGS INC

     12,633           444,050  

 CAPITAL BANCORP INC/MD

     1,149           30,104  

 CAPITAL CITY BANK GROUP INC

     4,425           116,820  

 CAPITOL FED FINL (2ND STEP CV)

     34,441           390,217  

 CAPRI HOLDINGS LTD

     11,001           714,075  

 CAPSTAR FINANCIAL HOLDINGS INC

     5,467           114,971  

 CARA THERAPEUTICS INC

     3,983           48,513  

 CARLISLE COS INC

     15,033           3,729,988  

 CARPENTER TECHNOLOGY CORP

     14,224           415,199  

 CARRIAGE SERVICES INC

     4,325           278,703  

 CARROLS RESTAURANT GROUP INC

     14,707           43,533  

 CARS.COM INC

     16,251           261,479  

 CARTER BANKSHARES INC

     5,734           88,246  

 CARTERS INC

     2,421           245,054  

 CASELLA WASTE SYS INC CL A

     40,254           3,438,497  

 CASEY GENERAL STORES

     1,150           226,953  

 CASS INFORMATION SYSTEMS INC

     2,496           98,143  

 CATALYST BIOSCIENCES INC

     7,322           6,692  

 CATALYST PHARMACEUTICALS INC

     18,467           125,022  

 CATHAY GENERAL BANCORP

     16,880           725,671  

 CATO CORP CL A

     7,187           123,329  

 CAVCO INDUSTRIES INC

     1,454           461,863  

 CBDMD INC

     2,267           2,448  

 CBIZ INC

     16,945           662,888  

 CBRE GROUP INC - CL A

     27,280           2,960,153  

 CBTX INC

     5,821           168,809  

 CECO ENVIRONMENTAL CORP

     10,367           64,586  

 CENTENNIAL RESOURCE DEVELOPMENT INC CL A

     45,690           273,226  

 CENTRAL GARDEN & PET CO

     2,735           143,943  

 CENTRAL GARDEN & PET CO CL A

     9,762           467,112  

 CENTRAL PACIFIC FINANCIAL CORP

     5,796           163,273  

 CENTRAL VALLEY CMNTY BANCORP

     3,380           70,203  

 CENTURY ALUMINUM COMPANY

     21,482           355,742  

 CENTURY CASINOS INC

     4,644           56,564  

 CENTURY COMMUNITIES INC

     10,694           874,662  

 CERENCE INC

     519           39,776  

 CEVA INC

     2,301           99,495  

 CHAMPIONX CORP

     24,978           504,805  

 CHARLES & COLVARD LTD

     8,040           23,236  

 CHARLES RIVER LABS INTL INC

     2,519           949,109  

 CHART INDUSTRIES INC

     5,203           829,826  

 CHASE CORP

     1,184           117,879  

 CHEFS WAREHOUSE INC

     3,579           119,181  

 CHEMUNG FINANCIAL CORP

     551           25,225  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 CHESAPEAKE ENERGY CORP

     8,430                                        543,904  

 CHICAGO RIVET & MACHINE CO

     149           3,915  

 CHICOS FAS INC

     25,747           138,519  

 CHINOOK THERAPEUTICS INC

     8,957           146,089  

 CHUYS HOLDINGS INC

     2,102           63,312  

 CIRCOR INTERNATIONAL INC

     3,880           105,458  

 CIT GROUP INC

     30,932           1,588,049  

 CITI TRENDS INC

     2,444           231,569  

 CITIZENS & NORTHERN CORP

     3,845           100,431  

 CITY HOLDING CO

     1,904           155,728  

 CIVEO CORP

     3,810           73,038  

 CIVISTA BANCSHARES INC

     4,645           113,338  

 CIVITAS RESOURCES INC

     5,610           274,722  

 CLARIVATE PLC

     1,032           24,273  

 CLARUS CORP

     980           27,166  

 CLEAN ENERGY FUELS CORP

     45,555           279,252  

 CLEAN HARBORS INC

     6,513           649,802  

 CLEARWATER PAPER CORP

     4,462           163,622  

 CLEVELAND-CLIFFS INC

     2,363           51,443  

 CMC MATLS INC

     773           148,176  

 CNB FINANCIAL CORP PA

     5,399           143,074  

 CNX RESOURCES CORP

     55,977           769,684  

 CODORUS VALLEY BANCORP INC

     839           18,122  

 COEUR MINING INC

     45,250           228,060  

 COGNYTE SOFTWARE LTD

     1,306           20,465  

 COHU INC

     10,747           409,353  

 COLFAX CORP

     31,713           1,457,847  

 COLLEGIUM PHARMACEUTICAL INC

     5,170           96,576  

 COLUMBIA BANKING SYSTEMS INC

     19,108           625,214  

 COLUMBIA FINANCIAL INC

     916           19,108  

 COLUMBUS MCKINNON CORP NY

     5,622           260,074  

 COMERICA INC

     17,387           1,512,669  

 COMFORT SYSTEMS USA INC

     3,274           323,930  

 COMMERCIAL METALS CO

     31,370           1,138,417  

 COMMERCIAL VEHICLE GROUP INC

     7,268           58,580  

 COMMUNITY BANK SYSTEMS INC

     1,536           114,401  

 COMMUNITY FINL CORP MD

     907           35,654  

 COMMUNITY HEALTH SYS INC NEW

     9,237           122,944  

 COMMUNITY TRUST BANCORP INC

     4,950           215,870  

 COMPUTER PROGRAMS & SYSTEM INC

     3,084           90,361  

 COMPUTER TASK GROUP INC

     4,961           49,461  

 COMSCORE INC

     20,300           67,802  

 COMSTOCK RESOURCES INC

     53,318           431,343  

 COMTECH TELECOMMUNICATIONS NEW

     7,624           180,613  

 CONCENTRIX CORP

     32,914           5,879,099  

 CONCERT PHARMACEUTICALS INC

     2,153           6,782  

 CONCRETE PUMPING HOLDINGS INC

     13,290           108,978  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 CONDUENT INC

     51,064                                        272,682  

 CONNECTONE BANCORP INC

     10,104           330,502  

 CONNS INC

     8,360           196,627  

 CONSENSUS CLOUD SOLUTION

     728           42,129  

 CONSOL ENERGY INC—W/I

     9,405           213,588  

 CONSOLIDATED COMM HLDGS INC

     20,536           153,609  

 CONSTRUCTION PARTNERS INC CL A

     670           19,705  

 CONSUMER PORTFOLIO SVCS INC

     4,191           49,663  

 CONTAINER STORE GROUP INC

     12,959           129,331  

 CONTINENTAL RES OKLA

     38,761           1,734,942  

 COOPER STANDARD HOLDING INC

     4,501           100,867  

 COPA HOLDINGS SA CL A

     2,466           203,840  

 CORE MOLDING TECH INC

     1,116           9,497  

 CORVUS PHARMACEUTICALS INC

     3,797           9,151  

 COSTAMARE INC

     24,477           309,634  

 COTERRA ENERGY INC

     31,329           595,251  

 COVENANT LOGISTICS GROUP INC

     3,735           98,716  

 COVETRUS INC

     21,777           434,887  

 COWEN INC CL A

     6,333           228,621  

 CPI AEROSTRUCTURES INC

     1,488           4,062  

 CRA INTERNATIONAL INC

     2,244           209,500  

 CRANE CO

     1,346           136,929  

 CROSS COUNTRY HEALTHCARE INC

     6,512           180,773  

 CROSSFIRST BANKSHARES INC

     11,923           186,118  

 CSG SYSTEMS INTL INC

     2,812           162,027  

 CTO REALTY GROWTH INC

     97           5,958  

 CULP INC

     2,575           24,488  

 CUMULUS MEDIA INC

     5,964           67,095  

 CURTISS WRIGHT CORPORATION

     29,984           4,157,881  

 CUSHMAN & WAKEFIELD PLC

     16,943           376,812  

 CUSTOMERS BANCORP INC

     7,410           484,392  

 CVB FINANCIAL CORP

     15,602           334,039  

 CVR ENERGY INC

     14,281           240,064  

 CYBEROPTICS CORP

     2,613           121,505  

 CYCLERION THERAPEUTICS INC

     1,258           2,164  

 DAILY JOURNAL CORP

     281           100,241  

 DAKTRONICS INC

     13,341           67,372  

 DALLASNEWS CORP

     1,217           8,750  

 DANA INC

     40,854           932,288  

 DARLING INGREDIENTS INC

     23,066           1,598,243  

 DAWSON GEOPHYSICAL CO

     12,650           29,285  

 DEL TACO RESTAURANTS INC

     11,075           137,884  

 DELEK US HOLDINGS INC

     19,869           297,836  

 DELTA APPAREL INC

     1,636           48,655  

 DELUXE CORP

     4,531           145,490  

 DENBURY INC

     10,664           816,756  

 DESIGNER BRANDS INC

     8,915           126,682  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 DHI GROUP INC

     17,193                                        107,284  

 DHT HOLDINGS INC

     44,747           232,237  

 DICKS SPORTING GOODS INC

     15,167           1,744,053  

 DIGI INTERNATIONAL INC

     9,443           232,015  

 DILLARDS INC CL A

     5,568           1,364,271  

 DIME COMMUNITY BANCSHARES INC

     11,322           398,082  

 DIODES INC

     10,349           1,136,424  

 DIXIE GROUP INC

     200           1,146  

 DMC GLOBAL INC

     1,792           70,981  

 DONEGAL GROUP INC CL A

     7,756           110,833  

 DONNELLEY FINANCIAL SOLUTIONS INC

     6,808           320,929  

 DORIAN LPG LTD

     11,162           141,646  

 DORMAN PRODUCTS INC

     1,786           201,836  

 DRIL-QUIP INC

     10,474           206,128  

 DUCOMMUN INC

     3,437           160,748  

 DULUTH HOLDINGS INC CL B

     2,587           39,271  

 DXC TECHNOLOGY CO

     46,893           1,509,486  

 DXP ENTERPRISES INC

     6,212           159,462  

 DYCOM INDUSTRIES INC

     7,560           708,826  

 DYNE THERAPEUTICS INC

     1,330           15,814  

 EAGLE BANCORP INC MD

     4,930           287,616  

 EAGLE BANCORP MONTANA INC

     1,313           30,173  

 EAGLE BULK SHIPPING INC

     1,515           68,933  

 EAGLE PHARMACEUTICALS INC

     2,296           116,912  

 EARTHSTONE ENERGY INC

     10,833           118,513  

 EASTERN CO

     1,017           25,588  

 EASTGROUP PPTYS INC

     16,880           3,846,108  

 EBIX INC

     3,639           110,626  

 ECHOSTAR CORP CL A

     12,566           331,114  

 ECOVYST INC

     22,044           225,731  

 EDGEWELL PERSONAL CARE CO

     12,668           579,054  

 EHEALTH INC

     243           6,197  

 EIGER BIOPHARMACEUTICALS INC

     6,193           32,142  

 EL POLLO LOCO HLDGS INC

     9,760           138,494  

 ELANCO ANIMAL HEALTH INC

     1,279           36,298  

 ELECTROMED INC

     1,965           25,545  

 ELEMENT SOLUTIONS INC

     145,016           3,520,988  

 ELEVATE CREDIT INC

     7,704           22,881  

 EMCOR GROUP INC

     31,918           4,066,034  

 EMCORE CORP

     8,353           58,304  

 EMERGENT BIOSOL

     4,939           214,698  

 EMPLOYERS HOLDINGS INC

     7,762           321,192  

 ENANTA PHARMACEUTICALS INC

     4,632           346,381  

 ENCOMPASS HEALTH CORP

     31,559           2,059,540  

 ENCORE CAP GROUP INC

     9,550           593,151  

 ENCORE WIRE CORPORATION

     4,224           604,454  

 ENDO INTERNATIONAL PLC

     5,363           20,165  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 ENERPAC TOOL GROUP CORP CL A

     2,038                                          41,331  

 ENERSYS INC

     7,655           605,204  

 ENETI INC

     3,364           26,037  

 ENLINK MIDSTREAM LLC

     121,866           839,657  

 ENNIS INC

     8,739           170,673  

 ENOVA INTL INC

     9,593           392,929  

 ENPRO INDUSTRIES INC

     4,388           482,987  

 ENSTAR GROUP LTD

     3,026           749,207  

 ENTERPRISE BANCORP INC

     27           1,213  

 ENTERPRISE FINL SVCS CORP

     6,542           308,063  

 ENTRAVISION COMMUN CRP CL A

     17,213           116,704  

 ENVISTA HOLDINGS CORP

     105,601           4,758,381  

 ENZO BIOCHEM INC

     7,444           23,895  

 EPLUS INC

     11,260           606,689  

 EQT CORPORATION

     49,810           1,086,356  

 EQUITABLE HOLDINGS INC

     18,822           617,173  

 EQUITRANS MIDSTREAM CORP

     71,038           734,533  

 EQUITY BANCSHARES INC

     4,204           142,642  

 ESCALADE

     3,667           57,902  

 ESCO TECHNOLOGIES INC

     4,477           402,885  

 ESPEY MFG.&ELECTRIC

     135           1,918  

 ESQUIRE FINL HLDGS INC

     397           12,553  

 ESSA BANCORP INC

     1,688           29,253  

 ESSENT GROUP LTD

     7,679           349,625  

 ETHAN ALLEN INTERIORS INC

     7,480           196,649  

 EVANS BANCORP INC

     811           32,683  

 EVEREST REINSURANCE GROUP LTD

     6,811           1,865,669  

 EVOLENT HEALTH INC A

     10,949           302,959  

 EVOLUTION PETROLEUM CORP

     3,832           19,352  

 EXTERRAN CORP

     9,888           29,466  

 EZCORP INC CL A NON VTG

     18,302           134,886  

 FABRINET

     5,544           656,798  

 FALCON MINERALS CORP

     5,262           25,626  

 FARMER BROTHERS CO

     5,384           40,111  

 FARMERS & MERCHANTS BANCO/OH

     739           24,261  

 FARMERS NATL BANC CORP

     5,533           102,637  

 FARO TECHNOLOGIES INC

     402           28,148  

 FB FINANCIAL CORP

     4,550           199,381  

 FEDERAL AGRI MTG NON VTG CL C

     1,608           199,279  

 FEDERAL SIGNAL CORP

     11,284           489,049  

 FEDNAT HOLDING CO

     4,807           6,778  

 FERRO CORP

     3,479           75,947  

 FERROGLOBE PLC

     21,889           135,931  

 FERROGLOBE REP&WARRANTY INS TR

     20,872           0  

 FIDELITY NATIONAL FINL INC

     12,801           667,956  

 FIESTA RESTAURANT GROUP INC

     5,535           60,940  

 FINANCIAL INSTITUTIONS INC

     5,181           164,756  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 FIRST AMERICAN FINANCIAL CORP

     59,005                                     4,615,961  

 FIRST BANCORP INC ME

     2,493           78,280  

 FIRST BANCORP NC

     6,340           289,865  

 FIRST BANCORP PUERTO RICO

     46,111           635,410  

 FIRST BANCSHARES INC MISS

     5,320           205,458  

 FIRST BANK/HAMILTON NJ

     3,941           57,184  

 FIRST BUSEY CORP

     12,141           329,264  

 FIRST BUSINESS FIN SVCS INC

     2,032           59,273  

 FIRST COMMONWEALTH FINL CORP

     19,135           307,882  

 FIRST COMMUNITY BANKSHARES INC

     5,604           187,286  

 FIRST CONSTITUTION BANCORP

     1,790           45,985  

 FIRST FINANCIAL BANCORP

     22,818           556,303  

 FIRST FINANCIAL INDIANA

     3,137           142,075  

 FIRST FINANCIAL NORTWEST INC

     2,243           36,269  

 FIRST FOUNDATION INC/OLD

     11,582           287,929  

 FIRST HAWAIIAN INC

     25,484           696,478  

 FIRST HORIZON CORP

     335,863           5,484,643  

 FIRST INTERNET BANCORP

     3,073           144,554  

 FIRST INTST BANCSYST INC CL A

     10,978           446,475  

 FIRST MERCHANTS CORP

     13,026           545,659  

 FIRST MID BANCSHARES INC

     4,336           185,537  

 FIRST MIDWEST BANCORP INC DEL

     23,726           485,908  

 FIRST NORTHWEST BANCORP

     870           17,600  

 FIRST OF LONG ISLAND CORP

     7,478           161,450  

 FIRST SAVINGS FINANCIAL GRP

     313           8,263  

 FIRST SOLAR INC

     21,160           1,844,306  

 FIRST SOURCE CORP

     4,450           220,720  

 FIRST VIRGINIA COMMUNITY BANK

     670           13,273  

 FIRST WESTERN FINANCIAL INC

     1,254           38,071  

 FIVE POINT HOLDINGS LLC CL A

     13,223           86,478  

 FLAGSTAR BANCORP INC

     13,903           666,510  

 FLEX LTD

     85,457           1,566,427  

 FLEXIBLE SOLUTIONS INTL INC

     2,381           9,262  

 FLEXSTEEL IND

     2,095           56,272  

 FLOTEK INDUSTRIES INC

     9,796           11,069  

 FLOWSERVE CORP

     1,868           57,161  

 FLUENT INC

     20,123           40,045  

 FLUOR CORP

     14,913           369,395  

 FLUSHING FINANCIAL CORP

     8,615           209,345  

 FMC CORP NEW

     19,802           2,176,042  

 FNB CORP PA

     55,397           671,966  

 FONAR CORP

     1,418           21,242  

 FOOT LOCKER INC

     19,631           856,501  

 FORESTAR GROUP INC

     11,497           250,060  

 FORMA THERAPEUTICS HOLDINGS

     815           11,589  

 FORMFACTOR INC

     9,485           433,654  

 FORTITUDE GOLD CORP

     2,396           15,862  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 FORUM ENERGY TECHNOLOGIES INC

     1,799                                          28,874  

 FORWARD AIR CORP

     32,907           3,984,709  

 FOSSIL INC

     13,827           142,280  

 FOSTER L B CO CL A

     3,687           50,696  

 FRANKLIN ELECTRIC CO. INC.

     2,592           245,100  

 FRANK’S INTERNATIONAL NV

     9,802           140,659  

 FRESH DEL MONTE PRODUCE INC

     11,018           304,097  

 FRIEDMAN INDS INC

     1,279           11,997  

 FRP HOLDINGS INC

     2,393           138,315  

 FS BANCORP INC

     2,436           81,923  

 FTI CONSULTING INC

     2,890           443,384  

 FTS INTERNATIONAL INC CL A

     2,649           69,536  

 FULL HOUSE RESORTS INC

     1,389           16,821  

 FULLER H B CO

     42,297           3,426,057  

 FULTON FINANCIAL CORP

     50,230           853,910  

 FUNKO INC A

     5,480           103,024  

 FUTUREFUEL CORP

     11,419           87,241  

 GAIA INC CL A

     2,458           21,065  

 GANNETT CO INC

     31,438           167,565  

 GAP INC

     15,486           273,328  

 GATES INDUSTRIAL CORP PLC

     27,294           434,248  

 GATX CORP

     9,073           945,316  

 GCP APPLIED TECHNOLOGIES INC

     3,180           100,679  

 GENASYS INC

     2,111           8,402  

 GENCO SHIPPING & TRADING LTD

     11,350           181,600  

 GENCOR INDUSTRIES INC

     1,918           22,115  

 GENESCO INC

     5,172           331,887  

 GENIE ENERGY LTD B

     2,889           16,092  

 GENTEX CORP

     53,142           1,851,999  

 GENTHERM INC

     2,519           218,901  

 GENWORTH FINANCIAL INC A

     52,957           214,476  

 GEOSPACE TECHNOLOGIES CORP

     3,943           26,497  

 GERMAN AMERICAN BANCORP INC

     3,392           132,220  

 GIBRALTAR INDUSTRIES INC

     5,321           354,804  

 G-III APPAREL GROUP LTD

     10,280           284,139  

 GLACIER BANCORP INC

     674           38,216  

 GLATFELTER CORP

     66,660           1,146,552  

 GLOBAL INDEMNITY GROUP LLC-A

     2,854           71,721  

 GLOBE LIFE INC

     15,045           1,410,017  

 GLYCOMIMETICS INC

     6,434           9,265  

 GMS INC

     8,137           489,115  

 GOLD RESOURCE CORP

     14,827           23,130  

 GOODYEAR TIRE & RUBBER CO

     60,190           1,283,251  

 GORMAN-RUPP CO

     4,534           201,990  

 GRAHAM CORPORATION

     2,260           28,114  

 GRAHAM HOLDINGS CO

     915           576,294  

 GRAND CANYON EDUCATION INC

     4,186           358,782  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 GRANITE CONSTRUCTION INC

     11,832                                        457,898  

 GRAPHIC PACKAGING HOLDING CO

     48,084           937,638  

 GRAY TELEVISION INC

     26,058           525,329  

 GREAT LAKES DREDGE & DOCK CORP

     17,789           279,643  

 GREAT SOUTHERN BANCORP INC

     4,193           248,435  

 GREAT WESTERN BANCORP INC

     10,298           349,720  

 GREEN BRICK PARTNERS INC

     10,175           308,608  

 GREEN PLAINS INC

     9,332           324,380  

 GREENBRIER COMPANIES INC

     6,908           317,008  

 GREENLIGHT CAPITAL RE LTD A

     10,113           79,286  

 GREIF INC CL A

     6,710           405,083  

 GREIF INC CL B

     1,953           116,750  

 GRIFFON CORP

     14,468           412,049  

 GROCERY OUTLET HOLDING CORP

     5,122           144,850  

 GROUP 1 AUTOMOTIVE INC

     3,974           775,804  

 GSI TECHNOLOGY INC

     8,099           37,498  

 GTY GOVTECH INC

     12,911           86,504  

 GUARANTY BANCSHARES INC

     1,586           59,602  

 GUESS INC

     20,738           491,076  

 GULF ISLAND FABRICATION INC

     4,272           17,131  

  HACKETT GROUP INC

     2,732           56,088  

 HAIN CELESTIAL GROUP INC

     6,953           296,267  

 HALLADOR PETROLEUM CO

     2,211           5,439  

 HALLMARK FIN SERVICES INC

     3,684           16,025  

 HANCOCK WHITNEY CORP

     21,140           1,057,423  

 HANMI FINANCIAL CORPORATION

     8,570           202,938  

 HANOVER INSURANCE GROUP INC

     16,299           2,136,147  

 HARBORONE NORTHEAST BANCORP INC

     15,306           227,141  

 HARLEY-DAVIDSON INC

     9,761           367,892  

 HARMONIC INC

     30,538           359,127  

 HARSCO CORP

     15,478           258,637  

 HARVARD BIOSCIENCES INC

     7,601           53,587  

 HASBRO INC

     27,268           2,775,337  

 HAVERTY FURNITURE COS INC

     5,469           167,187  

 HAWAIIAN HLDGS INC

     12,671           232,766  

 HAWKINS INC

     3,728           147,070  

 HAYNES INTL INC

     4,319           174,185  

 HBT FINANCIAL INC

     1,436           26,896  

 HEALTHSTREAM INC

     6,267           165,198  

 HEARTLAND EXPRESS INC

     17,472           293,879  

 HEARTLAND FINANCIAL USA INC

     8,279           419,000  

 HECLA MINING CO

     128,632           671,459  

 HEIDRICK & STRUGGLES INTL INC

     5,147           225,078  

 HELIOS TECHNOLOGIES INC

     2,491           261,978  

 HELIX ENERGY SOL GRP INC

     46,487           145,039  

 HELMERICH & PAYNE INC

     26,823           635,705  

 HEMISPHERE MEDIA GRP INC

     4,724           34,343  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 HERC HOLDINGS INC

     3,503                                        548,395  

 HERITAGE COMMERCE CORP

     16,982           202,765  

 HERITAGE CRYSTAL CLEAN INC

     2,539           81,299  

 HERITAGE FINANCIAL CORP WASH

     9,697           236,995  

 HERITAGE INSURANCE HOLDINGS INC

     9,039           53,149  

 HEXCEL CORPORATION

     2,387           123,647  

 HF FOODS GROUP INC

     1,576           13,333  

 HIBBETT INC

     4,898           352,313  

 HILL INTL INC

     6,379           12,439  

 HILLENBRAND INC

     2,747           142,817  

 HILLTOP HLDGS I

     16,669           585,749  

 HNI CORP

     6,772           284,763  

 HOLLYFRONTIER CORP

     31,267           1,024,932  

 HOME BANCORP INC

     2,007           83,311  

 HOME BANCSHARES INC

     4,653           113,301  

 HOMESTREET INC

     5,968           310,336  

 HOMETRUST BANCSHARES INC

     2,220           68,776  

 HOMOLOGY MEDICINES INC

     8,046           29,287  

 HOOKER FURNISHINGS CORP

     3,233           75,264  

 HOOKIPA PHARMA INC

     595           1,386  

 HOPE BANCORP INC

     35,001           514,865  

 HORACE MANN EDUCATORS CORP

     49,738           1,924,861  

 HORIZON BANCORP INC INDIANA

     12,084           251,951  

 HORIZON GLOBAL CORP

     2,103           16,782  

 HOSTESS BRANDS INC CL A

     28,279           577,457  

 HOUGHTON MIFFLIN HARCOURT CO

     17,364           279,560  

 HOWARD BANCORP INC

     4,779           104,134  

 HOWARD HUGHES CORP

     8,679           883,349  

 HUB GROUP INC CL A

     7,287           613,857  

 HUDSON TECHNOLOGIES INC

     14,520           64,469  

 HUNTINGTON BANCSHARES INC

     167,225           2,578,610  

 HUNTINGTON INGALLS INDUSTRIES INC

     64           11,951  

 HUNTSMAN CORP

     55,505           1,936,014  

 HURCO INC

     1,597           47,431  

 HURON CONSULTING GROUP INC

     5,197           259,330  

 HUTTIG BUILDING PRODUCTS INC

     596           6,598  

 HYSTER-YALE MATERIALS HANDLING

     2,370           97,407  

 I3 VERTICALS INC CL A

     1,285           29,285  

 ICF INTERNATIONAL INC

     30,862           3,164,898  

 ICHOR HOLDINGS LTD

     2,164           99,609  

 ICU MEDICAL INC

     9,090           2,157,421  

 IES HOLDINGS INC

     2,417           122,397  

 IHEARTMEDIA INC

     1,002           21,082  

 II-VI INC.

     2,062           140,896  

 IMAX CORPORATION

     6,136           109,466  

 IMEDIA BRANDS INC CL A

     794           4,764  

 IMMERSION CORP

     1,666           9,513  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 IMMUNIC INC

     1,352                                          12,939  

 IMMUNOVANT INC

     4,194           35,733  

 INDEPENDENCE CONTRACT DRILLING

     414           1,242  

 INDEPENDENCE HOLDING CO

     5           283  

 INDEPENDENT BANK CORP

     6,329           151,073  

 INDEPENDENT BANK CORP MASS

     23,493           1,915,384  

 INDEPENDENT BANK GROUP INC

     13,674           986,579  

 INFORMATION SVCS GROUP INC

     5,744           43,769  

 INGLES MARKETS INC-CL A

     3,349           289,153  

 INGREDION INC

     10,970           1,060,141  

 INNOSPEC INC

     4,659           420,894  

 INNOVIVA INC

     7,093           122,354  

 INOGEN INC

     1,005           34,170  

 INSIGHT ENTERPRISES INC

     4,829           514,771  

 INSTEEL INDUSTRIES INC

     3,972           158,125  

 INTEGER HOLDINGS CORP

     6,139           525,437  

 INTERDIGITAL INC

     3,065           219,546  

 INTERFACE INC

     6,903           110,103  

 INTERNATIONAL BANCSHARES CORP

     17,834           755,983  

 INTERNATIONAL SEAWAYS INC

     7,455           109,439  

 INTERPUBLIC GROUP OF COS INC

     85,439           3,199,691  

 INTEST CORP

     3,736           47,522  

 INTEVAC INC

     8,417           39,644  

 INTREPID POTASH INC

     3,487           149,000  

 INTRICON CORP

     2,617           42,317  

 INVACARE CORP

     11,683           31,778  

 INVESCO LTD

     119,347           2,747,368  

 INVESTAR HOLDING CORP

     1,709           31,463  

 INVESTORS BANCORP INC

     77,460           1,173,519  

 INVESTORS TITLE CO

     368           72,551  

 IROBOT CORP

     3,400           223,992  

 ISSUER DIRECT CORP

     75           2,209  

 ITERIS INC

     10,016           40,064  

 ITRON INC

     1,111           76,126  

 J&J SNACKS FOOD CORP

     1,373           216,879  

 JABIL INC

     16,158           1,136,715  

 JAMES RIVER GROUP HOLDINGS LTD

     1,040           29,962  

 JANUS HENDERSON GROUP PLC

     82,007           3,439,374  

 JAZZ PHARMA PLC

     9,979           1,271,325  

 JEFFERIES FINANCIAL GROUP INC

     43,427           1,684,968  

 JELD-WEN HOLDING INC

     11,939           314,712  

 JETBLUE AIRWAYS CORP

     30,184           429,820  

 JM SMUCKER CO/THE

     29,297           3,979,119  

 JOHNSON OUTDOORS INC CL A

     1,168           109,430  

 JONES LANG LASALLE INC

     25,570           6,887,024  

 JOUNCE THERAPEUTICS INC

     12,059           100,693  

 JUNIPER NETWORKS INC

     45,126           1,611,449  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 KADANT INC

     1,656                                        381,675  

 KAMAN CORP

     6,579           283,884  

 KAR AUCTION SERVICES INC

     21,243           331,816  

 KB HOME

     15,477           692,286  

 KBR INC

     1,193           56,811  

 KEARNY FINANCIAL CORP

     22,416           297,012  

 KELLY SERVICES INC CL A

     9,537           159,935  

 KEMPER CORP

     12,066           709,360  

 KENNAMETAL INC

     84,415           3,031,343  

 KENNEDY-WILSON HOLDINGS INC

     18,992           453,529  

 KEWAUNEE SCIENTIFIC CORP

     239           3,045  

 KEYSIGHT TECHNOLOGIES INC

     5,183           1,070,341  

 KEZAR LIFE SCIENCES INC

     4,085           68,301  

 KIMBALL ELECTRONICS INC

     7,005           152,429  

 KIMBALL INTL INC CL B

     9,508           97,267  

 KINGSTONE COS INC

     617           3,085  

 KIRBY CORP

     10,985           652,729  

 KKR & CO INC

     66,024           4,918,788  

 KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC

     35,683           2,174,522  

 KNOWLES CORP

     25,205           588,537  

 KOHLS CORP

     31,216           1,541,758  

 KOPPERS HLDGS INC

     5,551           173,746  

 KORN FERRY

     11,312           856,658  

 KOSMOS ENERGY LTD

     61,647           213,299  

 KRATON CORP

     8,472           392,423  

 KRATOS DEFENSE & SEC SOLTN INC

     4,306           83,536  

 KRONOS WORLDWIDE INC

     12,814           192,338  

 KULICKE & SOFFA INDUSTRIES INC

     23,637           1,430,984  

 KURA ONCOLOGY INC

     794           11,116  

 KVH INDUSTRIES INC

     5,826           53,541  

 LA Z BOY INC

     83,020           3,014,456  

 LABORATORY CORP OF AMER HLDGS

     9,234           2,901,415  

 LAKELAND BANCORP INC

     13,660           259,403  

 LAKELAND INDUSTRIES INC

     2,673           58,004  

 LANCASTER COLONY CORP

     12,076           1,999,786  

 LANDEC CORP

     8,672           96,259  

 LANDMARK BANCORP INC

     381           10,859  

 LANDS END INC

     8,775           172,253  

 LANNETT INC

     1,141           1,848  

 LANTRONIX INC

     4,826           37,788  

 LAREDO PETROLEUM INC

     303           18,219  

 LAUREATE EDUCATION INC CL A

     24,858           304,262  

 LAWSON PRODUCTS INC

     119           6,515  

 LAZARD LTD CL A

     81,611           3,560,688  

 LAZYDAYS HOLDINGS INC

     2,950           63,543  

 LCI INDUSTRIES

     1,418           221,024  

 LCNB CORPORATION

     2,726           53,239  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 LEAR CORP NEW

     6,249                                     1,143,255  

 LEGACY HOUSING CORP

     5,810           153,791  

 LEGGETT & PLATT INC

     46,880           1,929,581  

 LENSAR INC

     2,985           17,791  

 LEVEL ONE BANCORP INC

     1,371           54,072  

 LGI HOMES INC

     3,326           513,800  

 LIBERTY BROADBAND CORP SER A 7% PFD PERP

     670           19,531  

 LIBERTY FORMULA ONE-A

     4,996           296,463  

 LIBERTY FORMULA ONE-C

     33,360           2,109,686  

 LIBERTY LATIN AMERICA LTD CL A

     12,063           140,655  

 LIBERTY LATIN AMERICA LTD CL C

     38,185           435,309  

 LIBERTY OILFIELD SERVICES INC CL A

     26,914           261,066  

 LIFETIME BRANDS INC

     5,428           86,685  

 LIGAND PHARMACEUTICALS

     1,667           257,485  

 LIGHTPATH TECHNOLOGIES CL A

     2,899           7,074  

 LIMONEIRA CO

     4,580           68,700  

 LINCOLN EDUCATIONAL SERVICES

     6,174           46,120  

 LINCOLN NATIONAL CORP

     31,959           2,181,521  

 LIONS GATE ENTERMENT CORP A

     21,402           356,129  

 LIONS GATE ENTERTAINMENT CORP B

     28,597           440,108  

 LITHIA MOTORS INC CL A

     4,139           1,229,076  

 LITTELFUSE INC

     9,349           2,941,943  

 LL FLOORING HOLDINGS INC

     4,727           80,690  

 LORDSTOWN MOTORS CORP CL A

     2,687           9,270  

 LOYALTY VENTURES INC

     2,128           63,989  

 LSB INDUSTRIES INC

     5,322           58,808  

 LSI INDUSTRIES INC

     9,635           66,096  

 LUMEN TECHNOLOGIES INC

     55,640           698,282  

 LUMOS PHARMA INC

     219           1,520  

 LUNA INNOVATIONS INC

     3,280           27,683  

 LUTHER BURBANK CORP

     8,995           126,290  

 LUXFER HOLDINGS PLC

     1,938           37,423  

 M D C HOLDINGS INC

     15,851           884,961  

 M/I HOMES INC

     9,481           589,529  

 MACATAWA BK CORP

     8,017           70,710  

 MACQUARIE INFRASTRUCTURE HOLDINGS LLC

     13,700           50,005  

 MACYS INC

     44,748           1,171,503  

 MADISON SQUARE GARDEN ENTERTAINMENT CORP

     69,985           4,922,745  

 MADISON SQUARE GARDEN SPORTS CORP

     13,349           2,319,122  

 MAGELLAN HEALTH INC

     2,903           275,756  

 MAGNOLIA OIL & GAS CORPO CL A

     154,523           2,915,849  

 MAIDEN HLDGS LTD

     19,931           60,989  

 MAMMOTH ENERGY SERVICES INC

     1,916           3,487  

 MANCHESTER UNITED PLC

     123,384           1,756,988  

 MANITOWOC CO INC

     10,279           191,087  

 MANNATECH INC

     149           5,710  

 MANPOWERGROUP INC

     6,423           625,151  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 MANTECH INTL CORP CL A

     5,877                                        428,610  

 MARATHON OIL CORP

     156,614           2,571,602  

 MARCHEX INC

     648           1,607  

 MARCUS &MILLICHAP CO INC

     8,009           412,143  

 MARCUS CORP

     6,757           120,680  

 MARINEMAX INC

     5,669           334,698  

 MARLIN BUSINESS SERVICES CORP

     3,173           73,867  

 MARRIOTT VACATIONS WORLD

     4,080           689,438  

 MARTEN TRANSPORT LTD

     21,478           368,562  

 MASCO CORPORATION

     39,134           2,747,989  

 MASONITE WORLDWIDE HOLDINGS

     3,593           423,794  

 MASTEC INC

     16,454           1,518,375  

 MATADOR RESOURCES COMPANY

     118,800           4,386,096  

 MATERION CORP

     6,245           574,165  

 MATRIX SERVICE CO

     8,829           66,394  

 MATSON INC

     10,227           920,737  

 MATTEL INC

     165,789           3,574,411  

 MATTHEWS INTL CORP CL A

     7,760           284,559  

 MAXAR TECHNOLOGIES INC

     10,970           323,944  

 MAXIMUS INC

     2,461           196,068  

 MAYVILLE ENGINEERING CO INC

     4,382           65,336  

 MCEWEN MINING INC

     11,919           10,566  

 MCGRATH RENTCORP

     5,719           459,007  

 MDU RESOURCES GROUP INC

     44,487           1,371,979  

 MEDNAX INC

     17,109           465,536  

 MERCANTILE BANK CORP

     4,276           149,788  

 MERCER INTERNATIONAL INC

     17,988           215,676  

 MERCHANTS BANCORP

     3,021           142,984  

 MERCURY GENERAL CORP

     6,643           352,478  

 MERCURY SYSTEMS INC

     5,200           286,312  

 MERIDIAN BIOSCIENCE INC

     8,055           164,322  

 MERIDIAN CORP

     400           14,708  

 MERIT MEDICAL SYSTEMS INC

     4,692           292,312  

 MERITAGE HOMES CORP

     7,496           914,962  

 MERITOR INC

     4,268           105,761  

 MESA AIR GROUP INC

     9,440           52,864  

 MESA LABORATORIES INC

     31           10,171  

 META FINL GROUP INC

     5,750           343,045  

 METHODE ELECTRONICS INC

     8,426           414,306  

 METROPOLITAN BANK HOLDING CORP

     2,259           240,651  

 MGIC INVESTMENT CORP

     53,205           767,216  

 MGP INGREDIENTS INC

     1,398           118,816  

 MICROBOT MEDICAL INC

     880           6,600  

 MID AMERICA APT CMNTY INC

     11,687           2,681,465  

 MID PENN BANCORP INC

     2,622           83,222  

 MIDLAND STATES BANCORP INC

     5,930           147,005  

 MIDWESTONE FINANCIAL GRP INC

     4,363           141,230  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 MILLER INDUSTRIES INC TENN

     3,239                                        108,183  

 MILLERKNOLL INC

     11,731           459,738  

 MINERALS TECHNOLOGIES INC

     10,272           751,397  

 MINERVA NEUROSCIENCES INC

     2,332           1,868  

 MISTRAS GROUP INC

     8,234           61,179  

 MKS INSTRUMENTS INC

     18,828           3,279,273  

 MODINE MANUFACTURING CO

     14,585           147,163  

 MODIVCARE INC

     645           95,647  

 MOHAWK INDUSTRIES INC

     30,476           5,552,118  

 MOLSON COORS BEVERAGE CO B

     42,452           1,967,650  

 MONARCH CASINO & RESORT INC

     902           66,703  

 MONITRONICS INTERNATIONAL INC

     763           1,984  

 MONRO INC

     2,521           146,899  

 MOOG INC CL A

     7,268           588,490  

 MOSAIC CO NEW

     47,873           1,880,930  

 MOTORCAR PARTS OF AMERICA INC

     5,115           87,313  

 MOVADO GROUP INC

     4,404           184,219  

 MR COOPER GROUP INC

     18,745           779,979  

 MRC GLOBAL INC

     19,462           133,899  

 MUELLER INDUSTRIES INC

     9,121           541,423  

 MUELLER WATER PRODUCTS INC A

     22,603           325,483  

 MURPHY OIL CORP

     41,184           1,075,314  

  MUSTANG BIO INC

     21,167           35,137  

 MVB FINANCIAL CORP

     159           6,602  

 MYERS INDUSTRIES

     2,948           58,989  

 MYR GROUP INC/DELAWARE

     4,316           477,134  

 MYRIAD GENETICS INC

     13,286           366,694  

 N-ABLE INC

     998           11,078  

 NABORS INDUSTRIES LTD

     1,293           104,849  

 NACCO INDUSTRIES INC CL A

     1,747           63,399  

 NATIONAL BANKSHARES INC VA

     1,085           39,342  

 NATIONAL BK HLDGS CORP

     6,756           296,859  

 NATIONAL ENERGY SERVICES REUNITED CORP

     16,051           151,682  

 NATIONAL HEALTHCARE CORP

     3,616           245,671  

 NATIONAL PRESTO INDS

     1,706           139,943  

 NATIONAL WESTERN LIFE GROUP INC- A

     893           191,495  

 NATURAL ALTERNATIVES INTL INC

     743           9,392  

 NATURAL GAS SERVICES GROUP

     3,945           41,304  

 NATURAL GROCERS VIT GROC INC

     7,660           109,155  

 NATURES SUNSHINE PRODUCTS INC

     4,825           89,263  

 NATUS MEDICAL INC

     8,268           196,200  

 NAUTILUS INC

     4,510           27,646  

 NAVIENT CORP

     57,894           1,228,511  

 NBT BANCORP INC

     6,979           268,831  

 NCR CORP

     86,027           3,458,285  

 NEENAH INC

     2,615           121,022  

 NELNET INC CL A

     9,784           955,701  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 NEOPHOTONICS CO

     12,618                                        193,939  

 NETGEAR INC

     9,375           273,844  

 NETSCOUT SYSTEMS INC

     15,693           519,124  

 NETWORK-1 TECHNOLOGIES INC

     2,182           6,153  

 NEW JERSEY RESOURCES CORP

     13,202           542,074  

 NEW YORK COMMUNITY BANCORP INC

     90,229           1,101,696  

 NEWELL BRANDS INC

     14,333           313,033  

 NEWPARK RESOURCES INC

     30,719           90,314  

 NEWS CORP NEW CL A

     67,504           1,506,014  

 NEWS CORP NEW CL B

     34,124           767,790  

 NEXA RESOURCES SA

     6,444           50,650  

 NEXSTAR MEDIA GROUP INC A

     9,117           1,376,485  

 NEXSTAR MEDIA GROUP INC A CVR

     6,927           0  

 NEXTCURE INC

     3,133           18,798  

 NEXTGEN HEALTHCARE INC

     12,189           216,842  

 NEXTIER OILFIELD SOLUTIONS INC

     54,875           194,806  

 NICOLET BANKSHARES INC

     2,982           255,707  

 NIELSEN HOLDINGS PLC

     186,086           3,816,624  

 NKARTA INC

     254           3,899  

 NL INDUSTRIES

     3,712           27,469  

 NMI HOLDINGS INC

     13,808           301,705  

 NN INC

     11,603           47,572  

 NORDIC AMERICAN TANKER LTD

     20,623           34,853  

 NORTHEAST BANK

     2,105           75,212  

 NORTHERN TRUST CORP

     21,878           2,616,828  

 NORTHFIELD BANCORP INC NEW

     14,408           232,833  

 NORTHRIM BANCORP INC

     1,647           71,579  

 NORTHWEST BANCSHARES INC

     26,647           377,322  

 NORTHWEST PIPE CO

     3,615           114,957  

 NOV INC

     13,441           182,126  

 NOW INC

     25,199           215,199  

 NRG ENERGY INC

     16,029           690,529  

 NU SKIN ENTERPRISES INC CL A

     8,187           415,490  

 NUVASIVE INC

     5,539           290,687  

 NV5 GLOBAL INC

     2,964           409,388  

 NVENT ELECTRIC PLC

     20,205           767,790  

 OASIS PETE INC NEW

     3,070           386,789  

 OCEANEERING INTERNATIONAL INC

     24,904           281,664  

 OCEANFIRST FINANCIAL CORP

     11,420           253,524  

 OCWEN FINANCIAL CORP

     2,158           86,255  

 ODP CORP/THE

     11,727           460,637  

 OFG BANCORP

     11,631           308,919  

 OIL STATES INTERNATIONAL INC

     16,876           83,874  

 OIL-DRI CORP OF AMERICA

     667           21,831  

 OLD NATIONAL BANCORP (IND)

     35,652           646,014  

 OLD REPUBLIC INTL CORP

     54,145           1,330,884  

 OLD SECOND BANCORP

     5,905           74,344  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 OLIN CORP

     23,004                                     1,323,190  

 OLLIES BARGAIN OUTLET HOLDINGS INC

     3,015           154,338  

 OLYMPIC STEEL INC

     3,052           71,722  

 ONE GAS INC

     16,556           1,284,580  

 ONEMAIN HOLDINGS INC

     6,931           346,827  

 ONESPAN INC

     3,636           61,557  

 ONESPAWORLD HOLDINGS LTD

     7,831           78,467  

 ONEWATER MARINE CL A

     470           28,656  

 ONTO INNOVATION INC

     5,978           605,153  

 OP BANCORP

     2,414           30,803  

 OPIANT PHARMACEUTICALS INC

     1,027           34,538  

 OPKO HEALTH INC

     39,518           190,082  

 OPORTUN FIN CORP

     3,560           72,090  

 OPPENHEIMER HLDGS CL A NON-VTG

     2,442           113,236  

 OPTION CARE HEALTH INC

     11,861           337,327  

 ORASURE TECHNOLOGIES INC

     16,839           146,331  

 ORGANON & CO

     6,101           185,775  

 ORGENESIS INC

     1,266           3,646  

 ORIGIN BANCORP INC

     3,108           133,395  

 ORION ENGINEERED CARBONS SA

     2,773           50,912  

 ORION GROUP HOLDINGS INC

     10,871           40,984  

 ORMAT TECHNOLOGIES INC

     4,929           390,870  

 ORRSTOWN FINANCIAL SERVICES

     2,368           59,674  

 ORTHOFIX MEDICAL INC

     4,334           134,744  

 OSHKOSH CORP

     7,416           835,857  

 OSI SYSTEMS INC

     3,673           342,324  

 OVERSEAS SHIPHLDG GRP INC NEW

     24,947           46,900  

 OWENS AND MINOR INC

     18,156           789,786  

 OWENS CORNING INC

     6,409           580,015  

 OXFORD INDUSTRIES

     3,055           310,144  

 PACIFIC PREMIER BANCORP INC

     16,671           667,340  

 PACIRA BIOSCIENCES INC

     861           51,806  

 PACKAGING CORP OF AMERICA

     357           48,606  

 PACWEST BANCORP

     25,728           1,162,134  

 PAM TRANSPORTAION

     832           59,080  

 PANGAEA LOGISTICS SOLUTIONS LTD

     6,791           25,670  

 PARK AEROSPACE CORP

     6,727           88,796  

 PARK NATIONAL CORP

     2,013           276,405  

 PARK OHIO HLDGS CORP

     3,341           70,729  

 PARKE BANCORP INC

     2,146           45,667  

 PARSONS CORP

     10,603           356,791  

 PATRICK INDUSTRIES INC

     3,494           281,931  

 PATRIOT TRANSPORTATION HOLDING INC

     126           1,017  

 PATTERSON COMPANIES INC

     17,996           528,183  

 PATTERSON-UTI ENERGY INC

     47,549           401,789  

 PBF ENERGY INC CL A

     29,839           387,012  

 PC CONNECTION INC

     5,686           245,237  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 PCB BANCORP

     2,583                                          56,723  

 PCSB FINANCIAL CORP

     4,234           80,615  

 PCTEL INC

     6,376           36,152  

 PDC ENERGY INC

     21,909           1,068,721  

 PDF SOLUTIONS INC

     3,933           125,030  

 PDL BIOPHARMA INC

     62,577           154,565  

 PEABODY ENERGY CORP

     24,768           249,414  

 PEAPACK GLADSTONE FINL CORP

     5,550           196,470  

 PEBBLEBROOK HOTEL TRUST

     81,659           1,826,712  

 PENNS WOODS BANCORP INC

     1,124           26,493  

 PENNYMAC FINANCIAL SERVICES INC

     8,724           608,761  

 PENSKE AUTOMOTIVE GROUP INC

     17,394           1,864,985  

 PEOPLES BANCORP INC

     8,722           277,447  

 PEOPLES FINANCIAL SERV CORP

     124           6,534  

 PEOPLES UNITED FINANCIAL INC

     77,819           1,386,735  

 PERDOCEO EDUCATION CORP

     17,742           208,646  

 PERFORMANCE FOOD GROUP CO

     6,851           314,392  

 PERRIGO CO PLC

     24,025           934,573  

 PERSONALIS INC

     744           10,617  

 PETIQ INC CL A

     2,400           54,504  

 PETMED EXPRESS INC

     2,297           58,022  

 PGT INNOVATIONS INC

     7,426           167,011  

 PHIBRO ANIMAL HEALTH CORP CL A

     1,716           35,041  

 PHOTRONIC INC

     20,328           383,183  

 PHX MINERALS INC A

     5,115           11,100  

 PILGRIM’S PRIDE CORP NEW

     16,927           477,341  

 PING IDENTITY HOLDING CORP

     3,625           82,940  

 PINNACLE FINL PARTNERS INC

     8,482           810,031  

 PLAYA HOTELS & RESORTS NV

     25,953           207,105  

 PLEXUS CORP

     26,732           2,563,331  

 POLARIS INC

     17,529           1,926,612  

 POPULAR INC

     26,083           2,139,849  

 POST HOLDINGS INC

     13,662           1,540,117  

 POTBELLY CORP

     2,000           11,160  

 POWELL INDUSTRIES INC

     3,529           104,070  

 POWERFLEET INC

     4,846           22,970  

 PRA GROUP INC

     9,723           488,192  

 PREFERRED BANK LOS ANGELES

     3,803           273,017  

 PREFORMED LINE PRODUCTS CO

     1,299           84,045  

 PREMIER FINANCIAL CORP

     9,660           298,591  

 PREMIER INC

     19,969           822,124  

 PRESTIGE CONSUMER HEALTHCARE INC

     11,603           703,722  

 PRICESMART INC

     6,334           463,459  

 PRIMIS FINANCIAL CORP

     6,097           91,699  

 PRIMORIS SVCS CORP

     10,954           262,677  

 PROASSURANCE CORPORATION

     12,619           319,261  

 PROPETRO HOLDING CORP

     25,985           210,479  

 

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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, 2021

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost **      Current Value  

 PROSPERITY BANCSHARES INC

     15,869                                     1,147,329  

 PROTHENA CORP PLC

     5,401           266,809  

 PROVIDENT FINANCIAL HLDGS INC

     1,165           19,281  

 PROVIDENT FINANCIAL SVCS INC

     16,064           389,070  

 PULTEGROUP INC

     38,824           2,219,180  

 PVH CORP

     13,929           1,485,528  

 QCR HOLDINGS INC

     4,202           235,312  

 QUAD/GRAPHICS INC CL A

     13,223           52,892  

 QUANEX BUILDING PRODUCTS

     8,369           207,384  

 QUANTA SVCS INC

     6,738           772,579  

 QUEST RESOURCE HOLDING CORP

     2,431           16,871  

 QUINSTREET INC

     7,888           143,483  

 QURATE RETAIL INC

     79,822           606,647  

 QURATE RETAIL INC 8% PFD 03/15/2031

     1,299           134,161  

 RADIAN GROUP INC

     32,782           692,684  

 RADIANT LOGISTICS INC

     11,842           86,328  

 RAFAEL HOLDINGS INC

     1,783           9,093  

 RALPH LAUREN CORP

     1,186           140,968  

 RAMBUS INC

     14,206           417,514  

 RANGE RESOURCES CORP

     42,665           760,717  

 RANGER OIL CORP CL A

     2,464           66,331  

 RANPAK HOLDINGS CORP A

     2,028           76,212  

 RAYONIER ADVANCED MATERIALS

     15,627           89,230  

 RBB BANCORP

     4,413           115,621  

 RCI HOSPITALITY HOLDINGS INC

     2,126           165,573  

 RCM TECHNOLOGIES INC

     2,709           19,288  

 RE/MAX HOLDINGS INC CL A

     4,503           137,296  

 READING INTL INC CL A

     3,517           14,209  

 REALNETWORKS INC

     1,984           1,944  

 REALOGY HOLDINGS CORP

     24,129           405,608  

 RED ROBIN GOURMET BURGERS INC

     1,010           16,695  

 REGAL REXNORD CORP

     7,486           1,273,967  

 REGIONAL MANAGEMENT CORP

     3,059           175,770  

 REINSURANCE GROUP OF AMERICA

     12,470           1,365,340  

 RELIANCE STEEL & ALUMINUM CO

     15,919           2,582,380  

 RELIANT BANCORP INC

     1,353           48,032  

 RENAISSANCERE HLDGS LTD

     7,776           1,316,710  

 RENASANT CORP

     13,487           511,832  

 RENEWABLE ENERGY GROUP INC

     12,177           516,792  

 RENT A CTR INC

     1,864           89,547  

 REPUBLIC BANCORP INC KY CL A

     4,851           246,625  

 REPUBLIC FIRST BANCORP INC