Annual Report of Employee Stock Plans (11-k)

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

[X] Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934

For the Fiscal Year Ended December 31, 2020

[ ] Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934

For the transition period from ___________ to ____________.

Commission file number 001-02979

_______________________________________

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

Wells Fargo & Company 401(k) Plan

c/o Wells Fargo & Company

550 S. 4th Street

Minneapolis, MN 55415

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

Wells Fargo & Company

420 Montgomery Street

San Francisco, CA 94104

(a)The following financial statements and reports, which have been prepared pursuant to the requirements of the Employee Retirement Income Security Act of 1974, are filed as part of this Annual Report on Form 11-K:

Report of Independent Registered Public Accounting Firm

Financial Statements:

Statements of Net Assets Available for Benefits as of December 31, 2020 and 2019

Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2020

Notes to Financial Statements

Supplemental Schedule:

Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2020

(b)The following Exhibit is filed as part of this Annual Report on Form 11-K:

(23) Consent of Independent Registered Public Accounting Firm.

WELLS FARGO & COMPANY 401(k) PLAN

Financial Statements and Supplemental Schedule

December 31, 2020

(With Report of Independent Registered Public Accounting Firm Thereon)

Report of Independent Registered Public Accounting Firm

To the Plan Participants and Plan Administrator

Wells Fargo & Company 401(k) Plan:

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of Wells Fargo & Company 401(k) Plan (the Plan) as of December 31, 2020 and 2019, the related statement of changes in net assets available for benefits for the year ended December 31, 2020, and the related notes (collectively, 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, 2020 and 2019, and the changes in net assets available for benefits for the year ended December 31, 2020, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these 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.

Accompanying Supplemental Information

The supplemental information in the accompanying Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2020 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ KPMG LLP

We have not been able to determine the specific year that we began serving as the Plan’s auditor, however we are aware that we have served as the Plan’s auditor since at least 1989.

Cleveland, Ohio

June 24, 2021


WELLS FARGO & COMPANY 401(k) PLAN
Statements of Net Assets Available for Benefits
December 31, 2020 and 2019
				2020		2019
Assets:
	Investments at fair value:





















		Allocated		$	41,997,295,666	41,436,846,512
		Unallocated		1,054,953,698		1,317,599,124
			Investments at fair value	43,052,249,364		42,754,445,636
	Investments at contract value			4,655,744,112		4,262,646,711
			Total investments	47,707,993,476		47,017,092,347
	Notes receivable from participants			834,307,016		934,038,551
	Employer match contribution receivable			240,175,579		224,571,691

	Accrued income			70,604		1,163,585
			Total assets	48,782,546,675		48,176,866,174
Liabilities:
	ESOP notes payable – unallocated			(874,843,759)		(1,142,883,975)
	Excess contributions and earnings payable			(12,027)		(34,080)
			Total liabilities	(874,855,786)		(1,142,918,055)
			Net assets available for benefits	$	47,907,690,889	47,033,948,119


See accompanying notes to financial statements.


WELLS FARGO & COMPANY 401(k) PLAN
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2020
			2020
Additions (deductions) to net assets attributed to:
Investment income:
	Net appreciation in fair value of investments		$	1,152,151,066
	Dividends		531,738,206
	Interest		114,029,869
		Total investment income	1,797,919,141
Contributions:
	Employer		1,014,029,245
	Participants		1,802,114,915
	Rollovers		125,837,262
		Total contributions	2,941,981,422
Interest income from notes receivable from participants			53,868,639
Other income			40,035,749
		Total additions to plan assets	4,833,804,951
Benefits paid to participants			(3,941,691,294)
ESOP interest expense			(18,370,887)
		Total deductions to plan assets	(3,960,062,181)
		Net increase	873,742,770
Net assets available for benefits:
	Beginning of year		47,033,948,119
	End of year		$	47,907,690,889


See accompanying notes to financial statements.

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(1) Description of Plan

The following description of the Wells Fargo & Company 401(k) Plan (the “Plan”) provides only general information. Participants should refer to the Plan document, as amended, for a more complete description of the Plan’s provisions.

(a) General

The Plan is a defined contribution plan with a 401(k) feature sponsored by Wells Fargo & Company (the “Company”, "Wells Fargo" or “Plan Sponsor”). A portion of the Plan invested in Company stock is an Employee Stock Ownership Plan (ESOP). All subsidiaries of the Company with U.S.-based employees are participating employers in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, and the Internal Revenue Code (IRC), as amended. Employees, who satisfy the Plan’s eligibility requirements, become eligible to make salary deferral contributions on the first day of the month following one calendar month of service and are eligible to receive employer matching contributions on the first day of the quarter following the completion of one year of vesting service, subject to other eligibility requirements. Employees are also eligible to receive employer discretionary profit sharing contributions, if awarded by the Human Resources Committee of the board of directors of the Company, after completion of one year of vesting service and satisfaction of other eligibility requirements.

The Plan is administered by the Plan Administrator and its delegates. The Plan document requires that Company common stock be offered as an available investment option to participants through the Wells Fargo ESOP Fund. The Employee Benefit Review Committee (the “Committee”) has discretion under the Plan to select additional investment alternatives to be offered to participants. Under the terms of a trust agreement between the Company, Wells Fargo Bank, N.A. (the “Trustee”), which is a wholly owned subsidiary of the Company, and the Plan, the Trustee manages the Plan’s assets in one or more funds (“Trust”) on behalf of the Plan, except to the extent the Trustee is directed by the Committee. GreatBanc Trust Company has been appointed the Independent Fiduciary (the “Independent Fiduciary”) to act as a named fiduciary for limited purposes in connection with the ESOP provisions of the Plan.

Effective January 1, 2020, the Plan was amended and restated to (i) incorporate a previous separate plan amendment related to the divesture of Eastdil Secured, L.L.C.; (ii) change how catch-up contributions are deducted; (iii) revise certain references to money sources; (iv) add reference to expenses and losses (including loss of income) incurred by the Participant on account of a disaster declared by the Federal Emergency Management Agency (FEMA) under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, Public Law 100-707, as it relates to disaster hardship withdrawals; (v) change the Plan Administrator definition by the removal of the Head of Enterprise Company Solutions; (vi) change the definition of Company Representative by the removal of Head of Enterprise Company Solutions; (vii) update procedures Regarding Domestic Relations Orders; and (viii) make certain changes to hardship withdrawal requests.

5 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(b) Contributions and Vesting

Each year, eligible participants may make salary deferral contributions, subject to certain limitations, from 1% to 50% of their certified compensation, as defined in the Plan. These contributions are matched by the Company in an amount equal to 100% of up to 6% of participants’ annual, eligible certified compensation. Participants age 50 or older can make catch‑up salary deferral contributions each year in accordance with limits set by the IRS. Catch‑up contributions are generally not eligible for employer matching contributions. Participants are fully vested in their salary deferral contributions. The employer matching contributions are automatically invested in the Wells Fargo ESOP Fund, which is primarily invested in the Company’s common stock, and participants can reallocate their Plan account balance, including employer matching contributions, at any time. All actively employed participants in the Plan are fully vested in their employer matching contributions.

The Company may make a discretionary profit sharing contribution to the Plan, which is allocated to eligible participants’ Plan accounts. If such a contribution is to be made for a particular year, the Company will determine the percentage of certified compensation for the year to be contributed for each eligible participant (not to exceed 4% of annual, eligible certified compensation). The profit sharing contributions are automatically invested in the Wells Fargo ESOP Fund, which is primarily invested in the Company’s common stock, and become 100% vested after three years of service. Participants can transfer out of the Wells Fargo ESOP Fund into any other available investment funds under the Plan at any time. For the year ended December 31, 2020, the Company did not make a discretionary profit sharing contribution.

Plan participants may also elect to roll over distributions from a former employer’s qualified retirement plan or a qualified Individual Retirement Account to the Plan.

Each participant’s Plan account is credited with the participant’s salary deferral contributions, any rollover contributions, the Company’s matching contributions, and any discretionary profit sharing contributions, which are subject to investment gains and losses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested Plan account.

(d) ESOP Plan Notes

As an ESOP, the Plan may borrow money from the Company or directly from outside lenders for the purpose of purchasing the Company’s common or preferred stock. The Plan may also purchase the Company’s common stock from entities other than the Company or the Company may contribute Company common stock. There was no new ESOP loan issued in 2020 or 2019, as the Plan did not borrow money to buy Company common or preferred stock.

6 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(e) Payment of Benefits and Forfeitures

Upon termination of employment, a participant may elect to receive his or her vested Plan account balance as a lump sum or as a partial lump sum distribution. The option of installment payments was only available to participants who commenced installment payments prior to January 1, 2010. Certain participants with grandfathered benefits from plans merged into the Plan may also take their benefit as an annuity. Distributions from all funds are made in cash; however, a participant invested in the Company’s common stock may elect to receive shares of the Company’s common stock in-kind with the value of fractional shares paid in cash. If the participant’s balance is less than $1,000, a distribution is made as a lump sum upon termination, unless the participant elects to roll over their account balance or takes the portion of their account invested in the Company’s common stock in-kind.

While employed, a participant may make withdrawals from his or her Plan account (as allowed under IRS regulations), subject to certain restrictions, as described in the Plan. Certain restrictions associated with withdrawals may be waived in the event a participant demonstrates financial hardship. A participant invested in the Company’s common stock may request that the portion of their withdrawal invested in the Company’s common stock be disbursed in-kind with the value of fractional shares paid in cash. Pursuant to the Coronavirus Aid, Relief and Economic Security (CARES) Act, from June 15, 2020 to December 31, 2020, a qualifying participant was permitted to request pandemic-related distributions from the participant’s vested Plan account with such distributions permitted to be re-contributed to the Plan in accordance with applicable CARES Act guidance.

When a participant terminates employment, he or she is entitled to distribution of his or her total vested account balance. The nonvested portion is forfeited and serves to reduce future employer contributions. Forfeitures used to offset employer contributions were approximately $2,980,000 for the year ended December 31, 2020. The unallocated forfeiture account balance was $0 for both years ended December 31, 2020 and 2019.

(f) Notes Receivable from Participants

Two types of loans are available to participants under the Plan: general purpose and principal residence. General-purpose loans may be obtained for periods of up to five years. Principal residence loans are available only to finance the purchase or construction of the participant’s principal residence and may not exceed 20 years. Participants may have two loans outstanding at any time, one of which may be a principal residence loan. The maximum amount of any loan, when added to the balance outstanding on all other loans to the participant, may not exceed the lesser of (1) $50,000 reduced by the excess (if any) of (A) the highest outstanding balance of loans from the Plan to the Participant during the one-year period ending on the day before the date on which the loan is made, over (B) the outstanding balance of loans from the Plan to the Participant on the date on which the loan is made, or (2) one-half of the value of the Participant’s vested Account balance on the date on which the loan is made. The minimum principal amount for any loan is $500. The loan interest rate is 2% above the prime rate charged by Wells Fargo Bank, N.A., the Trustee. Pursuant to the CARES

7 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

Act, from June 15, 2020 to September 22, 2020, a qualifying participant was permitted to request pandemic-related loans up to $100,000 in accordance with applicable CARES Act guidance.

Repayments on loans are generally made through biweekly payroll deductions and are immediately allocated to the participant's account and invested according to the participant’s investment elections. Loans may be repaid in full at any time. As of December 31, 2020, interest rates ranged from 3.25% to 11.50% and loans mature through November 30, 2040. Pursuant to the CARES Act, from June 15, 2020 to December 31, 2020, qualifying participants were permitted to temporarily suspend repayments on Plan loans.

(g) ESOP

The Plan has purchased Company preferred stock using the proceeds of the ESOP loans. As the Plan makes payments of principal on the loans, an appropriate percentage of preferred shares are released and converted to common stock. Common stock equal in value to the employer’s matching contribution is allocated to the participants’ accounts and invested in the Wells Fargo ESOP Fund.

Participants in the Plan may elect to have cash dividends from Company common stock that is held in their account in the Wells Fargo ESOP Fund to be either reinvested in the Wells Fargo ESOP Fund or distributed to them in cash. The Plan uses the cash dividends received to purchase the shares needed to meet the employee reinvestment needs from the Company.

(h) Investment Options

Participants may direct the investment of their salary deferral contributions to the Plan in one or more investment funds. If a participant does not choose an investment fund, the contributions are invested in the age appropriate Wells Fargo/State Street Target Date CIT, an age-based series of target retirement date funds that serves as the Plan's qualified default investment alternative. Participants may change their deferral percentage or investment direction at any time.

(2) Summary of Significant Accounting Policies

(a) Basis of Presentation

The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.

(b) Administrative Expenses

All costs and expenses of administering the Plan and Trust are paid by the Company, except for certain investment management fees, which are netted against investment returns.

8 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

Investments are reported at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on an exit price notion that maximizes the use of observable inputs and minimizes the use of unobservable inputs.

The Plan classifies its assets and liabilities measured at fair value based upon a three-level hierarchy that assigns the highest priority to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs. The three levels are as follows:

•Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets.

•Level 2 – Valuation is 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, for which all significant assumptions are observable in the market.

•Level 3 – Valuation is generated from model‑based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models, market comparable pricing, option models and similar techniques.

(d) Investments and Income Recognition

Purchases and sales of securities are recorded on the trade-date basis. Interest income is recorded on the accrual basis. Dividends are allocated based upon participant account holdings on the record date and are recorded in the Trust on the dividend payment date. Net appreciation or (depreciation) includes gains and or losses on investments bought and sold as well as held during the year.

(e) Notes Receivable from Participants

Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan and Plan loan rules, as determined by the Plan Administrator.

(f) Investments Valued at Contract Value

(i) Description

The Wells Fargo Stable Value Fund (the “Stable Value Fund”) primarily invests in security-backed contracts issued by insurance companies and other financial institutions. The security-backed contracts held in the Stable Value Fund guarantee a

9 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

fixed return to its investors, resulting in it being considered a fully benefit responsive contract. The Stable Value Fund also invests in the Wells Fargo/BlackRock Short Term Investment Fund S, which invests in highly liquid assets. The Stable Value Fund uses this investment for daily liquidity needs.

A security-backed contract is an investment contract (also known as a synthetic guaranteed investment contract (GIC) or a separate account GIC) issued by an insurance company or other financial institution, backed by a portfolio of bonds. The bond portfolio is either owned directly by the Stable Value Fund or owned by the contract issuer and segregated in a separate account for the benefit of the Stable Value Fund. The portfolio underlying the contract is maintained separately from the contract issuer’s general assets, usually by a third-party custodian. The issuer guarantees that all qualified participant withdrawals will be at contract value. In the case of a full liquidation event, the issuer is responsible for covering any amount by which the contract value exceeds the fair value of the underlying portfolio.

Risks arise when entering into any investment contract due to the potential inability of the issuer to meet the terms of the contract. In addition, security-backed contracts have the risk of default or the lack of liquidity of the underlying portfolio assets. The credit risk of each issuer is evaluated and monitored through the Plan’s investment advisor credit analysis. The credit analysis includes, but is not limited to, asset quality and liquidity, management quality, surplus adequacy, and profitability.

(ii) Valuation of Underlying Investments

Security-backed contracts are carried at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants when they initiate permitted transactions under the terms of the Plan. The contract rate resets periodically, normally each quarter or semi-annually, using end-of-period data. The underlying portfolio assets, the adjustments to contract value, and the accrued interest receivable are shown by contract on the supplemental schedule of assets (held at end of year) attached to the Form 5500 filed by the Plan with the Department of Labor (DOL). The short‑term investment fund investment is carried at the reported unit value of the fund. The underlying assets may contain issues that are considered illiquid.

(iii) Withdrawal and Termination Provisions

All security-backed contracts held by the Stable Value Fund are fully benefit responsive, which means withdrawals from these investment contracts may be made at contract value for qualifying benefit payments, including participant‑directed transfers.

Security-backed contracts generally are evergreen contracts that contain termination provisions, allowing the Stable Value Fund or the contract issuer to terminate with notice, at any time at fair value, and providing for automatic termination of the contract

10 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

if the contract value or the fair value of the underlying portfolio equals zero. The issuer is obligated to pay the excess contract value when the fair value of the underlying portfolio equals zero. Security-backed contracts are not assignable or transferable without consent of the issuer and have no publicly traded secondary market.

Security-backed contracts that permit the issuer to terminate at fair value generally provide that the Stable Value Fund may elect to convert such termination to an amortization election as described below. In addition, if the Stable Value Fund defaults in its obligations under the contract (including the issuer’s determination that the agreement constitutes a nonexempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Stable Value Fund will receive the fair value as of the date of termination. Each contract recognizes certain “events of default” which can invalidate contracts’ coverage. Among these are investments outside of the range of investments which are permitted under the investment guidelines contained in the investment contract, fraudulent or other material misrepresentations made to the investment contract provider, changes of control of the investment adviser not approved by the contract issuer, changes in certain key regulatory requirements, or failure of the Plan to be tax qualified.

Generally, security-backed contracts permit the issuer or investment manager to elect at any time to convert the underlying portfolio to a declining duration strategy whereby the contract would terminate at a date that corresponds to the duration of the underlying portfolio on the date of the amortization election. After the effective date of an amortization election, the underlying portfolio must conform to the guidelines agreed upon by the contract issuer and the investment manager for the amortization election period. The guidelines are intended to result in the convergence of the contract value and the fair value of the underlying portfolio by the termination date.

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

•material amendments to the Plan’s structure or administration;

•complete or partial termination of the Plan, including a merger with another plan;

•the failure of the Plan to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA;

•withdrawals due to the removal of a specifically identifiable group of employees from coverage under the participating plan (such as a group layoff or early

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WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

retirement incentive program), the closing or sale of a subsidiary, employing unit, or affiliate, the bankruptcy or insolvency of a plan sponsor, the merger of the Plan with another plan, or the Plan sponsor’s establishment of another tax qualified defined contribution plan;

•any change in law, regulation, ruling, administrative or judicial position, or accounting requirement, applicable to the Plan or participating plans; and

•the delivery of any communication to Plan participants designed to influence a participant not to invest in the Plan.

At this time, the Stable Value Fund manager does not believe that the occurrence of any such market value event, which would limit the Plan’s ability to transact at contract value with participants, is probable.

(iv) Wrapper Contract Fees

The Stable Value Fund pays wrapper contract fees to the security-backed contract issuers to assure contract liquidity for plan participant‑directed withdrawals. Annual investment management fees in 2020 were $349,241 based on separate agreements for various types of instruments.

(g) Risks and Uncertainties

The Plan may invest in various types of investment securities. Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is 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 statements of net assets available for benefits.

The continuation of COVID-19 around the world has caused significant volatility in the U.S. and abroad. There is significant uncertainty around the breadth and duration of the business disruptions related to COVID-19, as well as its impact on the U.S. and international economies and to the future market value of the Plan's investments.

(h) Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles may require management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.

(i) Payment of Benefits

Benefits are recorded when paid.

12 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(j) Adopted Accounting Pronouncement

In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU or Update) 2018-13, Fair Value Measurement (Topic 820) Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The Update modifies fair value disclosure requirements by removing, modifying or adding to the required fair value disclosures which affects our disclosures in note 5 (Fair Value Measurements). The Update is effective for fiscal years beginning after December 15, 2019. The Plan adopted the Update for plan year 2020. The Update did not have a material impact to the statement of net assets available for benefits or the statement of changes in net assets available for benefits.

(k) Excess Contributions and Earnings Payable

Excess contributions and earnings payable represent amounts withheld from participants in excess of IRC limitations that are to be refunded at year-end. As of December 31, 2020 and 2019, $12,027 and $34,080, respectively, of excess contributions and earnings thereon are required to be refunded prior to December 31, of the subsequent year. These amounts were refunded to participants prior to March of the year following the plan year-end. Excess contributions and earnings are netted against contributions and interest income in the statements of changes in net assets available for benefits.

(3) Wells Fargo ESOP Fund

The Company’s common and preferred shares held in the Wells Fargo ESOP Fund that were purchased with the proceeds of the ESOP loans from the Company represent leveraged shares. These shares are held in an account called the “Unallocated Reserve.” The leveraged shares are released from the Unallocated Reserve as the ESOP loans are repaid and any preferred shares are converted into Company common stock for allocation to participants’ Plan accounts. The preferred shares are convertible based on the then current market price of the common stock. Such stock is used to provide all or part of the Company matching contributions credited to participants’ accounts.

Each participant is entitled to exercise voting rights attributable to the Company common stock allocated to his or her Plan account and is notified by the Trustee prior to the time that such rights are to be exercised. The Trustee will vote all shares of Company common stock held in the Wells Fargo ESOP Fund and the Unallocated Reserve in proportion to “votes" cast by participants.

Participants may elect to have dividends on their vested accounts held in the Wells Fargo ESOP Fund paid to them in cash or have the dividends automatically reinvested in additional shares of Company common stock in the Wells Fargo ESOP Fund. The dividend will be automatically reinvested in the Plan if: (i) a participant makes no election, (ii) if the total vested dividend for a participant is less than $5, or (iii) the participant is deceased.

The Plan provides that dividends received on the Company’s common and preferred stock held in the Unallocated Reserve, dividends attributable to the portion of the participants’ employer contribution account that are reinvested and dividends that are attributable to the participants’

13 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

nonvested accounts will be applied to make any required ESOP loan payments. Shares of the Company’s common stock that are released due to such ESOP loan payments will be transferred to the Wells Fargo ESOP Fund as reinvested dividends. To the extent that such dividends are not sufficient to make required ESOP loan payments, employer contributions will be applied to make the required payments.

(4) Shares and Investments Not Directed by Participants

Information about the net assets and significant components of the changes in net assets relating to nonparticipant directed investments as of December 31, 2020 and 2019 and for the year ended December 31, 2020 is presented in the following tables and also discussed in Note 8.


			2020		2019
			ESOP		ESOP
			Unallocated		Unallocated
Assets:
	Company convertible preferred stock		$	989,631,427	1,231,374,393
	Money market funds		25,292,257		86,224,731
		Total investments	1,014,923,684		1,317,599,124
	Accrued income		4,175		138,171
		Total assets	1,014,927,859		1,317,737,295
Liabilities:
	Notes payable		(874,843,759)		(1,142,883,975)
		Total liabilities	(874,843,759)		(1,142,883,975)
		Net assets available for benefits	$	140,084,100	174,853,320
Company convertible preferred shares:
	Number of shares		822,242		1,071,418
	Cost		$	874,843,715	1,142,883,919

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WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020


			2020
			ESOP
			Unallocated
Contributions			$	147,736,208
Net appreciation			4,902,240
Dividend income			77,097,173
Interest income			511,253
Notes payable interest expense			(18,370,887)
Conversion of preferred stock			(268,040,204)
Debt principal payments			268,040,215
Release of common stock - 9,733,434 shares			(246,645,218)
		Decrease in net assets	(34,769,220)
Net assets:
	Beginning of year		174,853,320
	End of year		$	140,084,100

15 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(5) Fair Value Measurements

The Plan classifies its investments recorded at fair value as either Level 1, 2, or 3 in the fair value hierarchy. The highest priority (Level 1) is assigned to valuations based on unadjusted quoted prices in active markets and the lowest priority (Level 3) is assigned to valuations based on significant unobservable inputs.

In the determination of the classification of financial instruments in Level 2 or Level 3 of the fair value hierarchy, the Plan considers all available information, including observable market data, indications of market liquidity and orderliness, and its understanding of the valuation techniques and significant inputs used. Judgments are made regarding the significance of the Level 3 inputs to the instruments’ fair value measurement to its entirety. If unobservable inputs are considered significant, the instrument is classified as Level 3.

The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2020 and 2019.

Investments in mutual funds are valued at fair value based upon quoted prices in an active market.

Investments in collective investment funds are redeemable daily at net asset value ("NAV"), which is the readily determinable fair value. The price per share is quoted on a private market; however, the price per share is based on the value of the underlying investments, which are traded on an active market.

Investments in multi-manager funds are comprised of publicly traded mutual funds, which are valued at fair value based upon quoted prices in an active market, and collective investment funds that are valued at NAV. The NAV is based upon the value of the underlying investments which are traded on an active market.

Investments in the Stable Value Fund’s collective investment funds that are not an underlying investment of a fully benefit responsive contract are valued at NAV as described above.

Investments in the Company’s common stock are valued at quoted market values.

Investments in the Company’s convertible preferred stock are valued at appraised value by an independent pricing service. The independent pricing service models the expected cash flows with the contractual dividends and the Company’s common shares equal to $1,000 upon conversion of a preferred share. The independent pricing service then discounts the cash flows back to the present value by the appropriate discount rate which is determined by analyzing a variety of market yields, including yields on preferred securities and bonds issued by the Company and institutions similar to the Company.

Investments in money market funds are in collective investment funds and are valued at NAV as described above.

16 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

The allocated portion of the Wells Fargo ESOP Fund is structured as a unitized account that holds Wells Fargo common stock that are valued at quoted market prices and a percentage of money market funds that are valued at NAV as described above. The money market funds are used to provide daily liquidity for the fund.

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

The following tables sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2020 and 2019, respectively:


				December 31, 2020
				Level 1		Level 2	Level 3	Total
Collective investment funds				$	—	23,196,528,648	—	23,196,528,648
Mutual funds				937,947,632		—	—	937,947,632
Multi-manager funds:
	Collective investment funds			—		7,578,276,349	—	7,578,276,349
	Mutual funds			3,903,618,759		—	—	3,903,618,759
		Total multi-
			manager funds	3,903,618,759		7,578,276,349	—	11,481,895,108
Stable Value Fund
	Collective investment funds			—		222,618,539	—	222,618,539
Company common stock				6,077,601,259		—	—	6,077,601,259
Company convertible preferred
	stock			—		—	989,631,427	989,631,427
Money market funds				—		146,026,751	—	146,026,751
		Total investments
			at fair value	$	10,919,167,650	31,143,450,287	989,631,427	43,052,249,364

17 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020


				December 31, 2019
				Level 1		Level 2	Level 3	Total
Collective investment funds				$	—	20,247,438,314	—	20,247,438,314
Mutual funds				689,913,628		—	—	689,913,628
Multi-manager funds:
	Collective investment funds			—		7,171,276,746	—	7,171,276,746
	Mutual funds			3,546,242,857		—	—	3,546,242,857
		Total multi-
			manager funds	3,546,242,857		7,171,276,746	—	10,717,519,603
Stable Value Fund
	Collective investment funds			—		299,158,085	—	299,158,085
Company common stock				9,366,536,745		—	—	9,366,536,745
Company convertible preferred
	stock			—		—	1,231,374,393	1,231,374,393
Money market funds				—		202,504,868	—	202,504,868
		Total investments
			at fair value	$	13,602,693,230	27,920,378,013	1,231,374,393	42,754,445,636

There were no transfers between the fair value levels in 2020.

18 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

Level 3 Gains and Losses

The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets:


	Company
	convertible
	preferred
	stock
Balance, December 31, 2019	$	1,231,374,393
Realized losses	(14,753,632)
Unrealized gains relating to instruments still held at the reporting date	41,050,870
Conversions	(268,040,204)
Balance, December 31, 2020	$	989,631,427

Level 3 Significant Unobservable Inputs

The following table provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of those Level 3 assets measured at fair value for which the Plan uses an internal model.

Significant

Fair value

Valuation

unobservable

Range of

Weighted

Level 3

techniques

inputs

average (1)

December 31, 2020:

Convertible preferred stock

989,631,427

Discounted

Discount

cash flow

rate

1.90% – 2.40%

2.26

December 31, 2019:

Convertible preferred stock

1,231,374,393

Discounted

Discount

cash flow

rate

3.65% – 3.78%

3.75

(1) Weighted averages are calculated using outstanding shares at the end of the year.

(6) Concentration of Investments

At December 31, 2020 and 2019, the Plan owned approximately 3.67% and 3.18%, respectively, of the issued common stock of the Company. The Plan’s investment in shares of the Company’s common and preferred stock aggregate 16.43% and 24.79% of total investments at fair value as of December 31, 2020 and 2019, respectively. The quoted market price of the Company’s common stock was $30.18 and $53.80 as of December 31, 2020 and 2019, respectively.

(7) Related-Party Transactions and Party in Interest

The Plan engages in transactions involving acquisition or disposition of units of participation in collective investment funds of the Trustee, as well as shares of mutual funds managed by affiliates of the Company and the Trustee, which are parties in interest with respect to the Plan. These

19 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

transactions are covered by an exemption from the “prohibited transaction” provisions of ERISA and the IRC. Additionally, the Stable Value Fund is managed by an affiliate of the Company and the Company pays the investment management fees of such affiliate that are associated with the Stable Value Fund.

During 2020 and 2019, the Plan allowed participants to invest in Company common stock.

(8) Other Income

The Plan periodically receives monies from litigation settlements or other residual proceeds (“Proceeds”) related to the Plan, or prior plans that merged into the Plan, in which the Plan Administrator is responsible for determining how these Proceeds will be allocated to the Plan.

These Proceeds are deposited into an interest-bearing account until the Plan Administrator is able to determine how to allocate the monies into the Plan and are included as unallocated investments on the statements of net assets available for benefits and in other income on the statement of changes of net assets available for benefits.

(9) Tax Status

The Internal Revenue Service (IRS) has determined and informed the Company by a letter dated August 2, 2017, that the Plan and related Trust are designed in accordance with applicable sections of the IRC. Although the Plan has been amended and restated since receiving the determination letter, the Plan Administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC, and therefore believe that the Plan is qualified, and the related Trust is tax-exempt.

Accounting principles generally accepted in the United States of America require the Plan Administrator to evaluate tax positions taken by the Plan and recognize a tax liability, if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

(10) Regulatory Matters

The Plan Sponsor received written notification dated August 29, 2014, from the DOL advising the Plan had been selected for review by the DOL. In the DOL's August 29th, 2014 written notification, the Plan Sponsor was informed the review will consist primarily of an on-site examination of Plan records and interviews of Plan officials. The DOL has requested to examine information for plan years 2010 through the present.

By a letter dated August 25th, 2020, the Plan Sponsor received written notice from the IRS that the Plan was selected for examination of the Plan year ended December 31, 2018. The IRS requested certain Plan information and documents that the Plan Sponsor has been providing.

20 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(11) Notes Payable

Notes payable as of December 31 were:


		2020		2019
2.50% 2011 ESOP Convertible Preferred Stock Note, due
	March 2021	$	—	29,073,660
2.30% 2012 ESOP Convertible Preferred Stock Note, due
	December 2021	22,573,596		53,752,596
1.30% 2013 ESOP Convertible Preferred Stock Note, due
	December 2022	67,523,320		106,763,320
1.50% 2014 ESOP Convertible Preferred Stock Note, due
	December 2023	107,975,439		148,268,439
1.48% 2015 ESOP Convertible Preferred Stock Note, due
	December 2024	101,153,919		127,154,475
1.70% 2016 ESOP Convertible Preferred Stock Note, due
	December 2025	176,420,700		214,430,700
1.90% 2017 ESOP Convertible Preferred Stock Note, due
	December 2026	168,595,930		198,552,930
2.25% 2018 ESOP Convertible Preferred Stock Note, due
	December 2027	230,600,855		264,887,855
		$	874,843,759	1,142,883,975

Maturities of notes payable calculated based on the contractual agreements are as follows:


Year ending December 31:
		2021	$	25,948,756
		2022	235,969,890
		2023	195,785,463
		2024	147,094,500
		2025	127,421,400
	Thereafter		142,623,750
			$	874,843,759

The notes represent exempt ESOP loans to the Plan from the Company. The notes may be repaid in installments through March 31, 2027, with the last payment due December 31, 2027. The estimated fair value of the notes as of December 31, 2020 and 2019 was approximately $899 million and $1,119 million, respectively, determined by using interest rates currently available for issuance of debt with similar terms and remaining maturities.

21 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(12) Plan Termination

Although it has not expressed any intent to do so, the Company by action of its Board of Directors reserves the right to terminate the Plan at any time. In the event of Plan termination, participants shall become 100% vested in their accounts.

(13) Legal Actions

The following class actions lawsuits have been brought on behalf of Plan participants and beneficiaries:

a)Plaintiff Yvonne Becker filed a putative class action Complaint against Wells Fargo & Company (“Wells Fargo”), Wells Fargo Bank, National Association, Galliard Capital Management, Inc., the Employee Benefits Review Committee, the Human Resources Committee of the Board of Directors of Wells Fargo & Company (“HRC”) and individual members Ronald L. Sargent, Wayne M. Hewett, Donald M. James, and Maria R. Morris on March 13, 2020 in the U.S. District Court for the Northern District of California. Plaintiff is a former employee of Wells Fargo and a participant in the Plan. Plaintiff purports to bring this action on behalf of “all participants and beneficiaries in the Wells Fargo & Company 401(k) Plan from March 13, 2014 through the date of judgment.” Plaintiff alleges that several investment options in the Plan charged excessive fees, underperformed comparable to investment alternatives, and paid fees to Wells Fargo. The challenged investments include:

o Wells Fargo/State Street Target Date Collective Investment Trusts

o Wells Fargo/SSGA Global Equity Index Fund (through the Target Date Funds);

o Wells Fargo/SSGA Global Bond Index Fund (through the Target Date Funds);

o Wells Fargo/Causeway International Value Fund (through the International Equity Fund);

o Wells Fargo Treasury Money Market Fund;

o Wells Fargo Emerging Growth Fund (through the Small Cap Fund);

o Wells Fargo Federated Total Return Bond Fund (through the Global Bond Fund);

o Wells Fargo Stable Value Fund;

o Wells Fargo/Blackrock Short-Term Investment Fund (through the Target Date Funds); and

o Wells Fargo Stable Return Fund (through the Wells Fargo Stable Value Fund).

On the basis of these allegations, Plaintiff asserts four claims for breach of ERISA’s fiduciary duties and violation of ERISA’s prohibited transaction rules.

On May 8, 2020, the Court so ordered the parties’ stipulation in which Plaintiff voluntarily dismissed the HRC and individual members Ronald L. Sargent, Wayne M. Hewett, Donald M. James, and Maria R. Morris from the action.

On May 8, 2020, Defendants filed a motion to transfer venue to the District of Minnesota. On September 21, 2020, the U.S. District Court for the Northern District of California granted Defendants' motion to transfer the case to the U.S. District Court for the District of Minnesota

22 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

pursuant to the Plan's forum selection clause. Plaintiff appealed that order (via petition for mandamus) and, on April 1, 2021, the Ninth Circuit denied Becker's petition.

Defendants filed a motion to dismiss the Complaint, and the Court heard oral arguments on April 16, 2021.

b)Plaintiffs filed two securities class actions in the Northern District of California against the Company and certain individual defendants: (1) Hefler v. Wells Fargo & Company et al., No. 16-cv-05479, filed on September 26, 2016 by Robbins Geller Rudman & Dowd LLP; and (2) Klein v. Wells Fargo & Company et al., No. 16-cv-05513, filed on September 28, 2016 by Pomerantz LLP. On January 5, 2017, Judge Jon S. Tigar issued an order consolidating the two cases. On March 6, 2017, plaintiffs filed a Consolidated Class Action Complaint for Violations of the Federal Securities Laws (the “First Consolidated Complaint”).

On March 15, 2018, plaintiffs filed a Second Consolidated Class Action Complaint for Violations of the Federal Securities Laws. In the second amended complaint, Plaintiffs purported to represent a class of all persons who acquired Wells Fargo common stock between February 26, 2014 and September 20, 2016. Plaintiffs alleged that defendants made material misstatements and omissions regarding, inter alia, Wells Fargo’s (i) cross-sell metrics, (ii) cross-selling strategy and the purpose of the strategy, (iii) risk management and the effectiveness of internal controls over financial reporting, and (iv) corporate culture and business practices. Plaintiffs allege that these misstatements and omissions were made in, inter alia, Wells Fargo’s quarterly and annual financial statements during the Class Period, quarterly and annual earnings press releases and analyst and investor conference calls, presentations at various investor and industry conferences, and in certain other public statements. On July 30, 2018, the parties entered into a Stipulation and Agreement of Settlement (the “Settlement Agreement”). Therein, Wells Fargo agreed to pay $480,000,000 on behalf of all Defendants for the benefit of the settlement class in return for a release by the class members of all claims relating to the purchase, acquisition, or ownership of Wells Fargo common stock during the Class Period that were asserted or could have been asserted in the action and which relate to the allegations, facts, and circumstances referred to in the complaint.

The deadline for class members to opt out of the settlement or object to its terms was November 27, 2018. The hearing on final approval of the settlement was held on December 18, 2018, and the Court issued an order the same day granting final approval to the settlement. The deadline for class members to submit a claim under the settlement was January 23, 2019. The Plan received notice of the pendency of the proposed class settlement as a result of the Wells Fargo stock purchased and sold in the Plan during the Class Period on behalf of the Plan participants.

In order to avoid any potential conflict of interest with respect to whether to opt in or out of the settlement, the Employee Benefit Review Committee retained an Independent Fiduciary to review the settlement and determine whether it was in the best interest of the Plan participants and beneficiaries for the Trustee of the Plan to opt in or out of the settlement and then direct the Trustee whether to file a claim. The Independent Fiduciary determined that it is in the best

23 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

interest of the Plan participants and beneficiaries for the Trustee to file a claim and directed the Trustee to file a claim. The Independent Fiduciary worked with the Trustee to determine the amount of the claim, and the Trustee timely filed the claim with the settlement administrator.

The Court previously granted a motion for preliminary approval of the settlement and held a fairness hearing on December 18, 2018, during which the Court granted the motions. The settlement proceeds disbursed to the Plan was dependent on, among other things, the total number of class members who submit claims under the settlement. The settlement administrator disbursed funds to the Trustee in the amount of $40,039,393 on October 8, 2020, which was allocated on February 16, 2021 to Plan participants with positive net purchases in the Wells Fargo ESOP and Non-ESOP Funds greater than $10 (which was the di minimum approved by the Court) between and including February 26, 2014 and September 20, 2016. The settlement excluded the following individuals and entities: (i) Defendants; (ii) Immediate Family Members of any Individual Defendant; (iii) any person who was a director or member of the Operating Committee of Wells Fargo during the Class Period and their Immediate Family Members; (iv) any parent, subsidiary or affiliate of Wells Fargo; (v) any firm, trust, corporation, or other entity in which Defendants or any other excluded person or entity has, or had during the Class Period, a controlling interest; and (vi) the legal representatives, agents, affiliates, heirs, successors-in-interest or assigns of any such excluded persons or entities.

c)Plan participants filed three putative class actions, now consolidated into one action, In re: Wells Fargo ERISA 401(k) Litigation (D. Minn.) against Wells Fargo and various individuals alleged to be fiduciaries under the Plan. The lawsuit alleges that the Company’s stock should not have been offered as an investment option in the Plan and seeks damages, as a result of the drop in the Company’s stock price. This consolidated class action arises out of the Wells Fargo government consent orders relating to sales practices, which were announced publicly on September 8, 2016.

Plaintiffs challenge the decision to offer the Wells Fargo Stock Fund as an investment option, alleging that the stock was trading at an artificially high price due to allegedly undisclosed sales practices and that the defendants should have acted on that information to prevent Plan participant losses when the stock price declined. Plaintiffs filed a consolidated, amended complaint on December 21, 2016, and defendants moved to dismiss the action on April 3, 2017. On September 21, 2017, the Court dismissed the action but allowed the plaintiffs to replead one count of the prior complaint. Plaintiffs filed an amended complaint, which defendants moved to dismiss on December 4, 2017. On July 19, 2018, the District Court dismissed the action completely. In July 2020, the United States Court of Appeals for the Eighth Circuit affirmed the District Court's dismissal. Plaintiffs' filed a petition for certiorari in the U.S. Supreme Court, and Wells Fargo's response was filed on March 1, 2021. On May 3, 2021, the Supreme Court denied the petition for writ of certiorari affirming the decisions of the lower courts, therefore the action is closed.

24 (Continued)

WELLS FARGO & COMPANY 401(k) PLAN

Notes to Financial Statements

December 31, 2020

(14) Subsequent Events

In accordance with ASC 855, Subsequent Events, the Plan has events that have occurred subsequent to period end December 31, 2020 through June 24, 2021, the date at which the financial statements were available to be issued that require disclosure as follows:

Effective January 1, 2021, Empower Retirement, LLC became the new recordkeeper for the Plan and Great-West Trust Company, LLC became the new trustee for the Plan.

Effective January 1, 2021, Wells Fargo made certain changes relating to employer matching contributions under the Plan, with the result that the Plan is no longer considered a safe harbor plan under the IRC and is subject to annual nondiscrimination testing requirements from which it was previously exempt. Employer matching contributions are now subject to 3-year cliff vesting. With certain exceptions, a participant who is otherwise eligible to receive employer matching contributions will receive an employer matching contribution for a plan year only if he or she is employed on December 15 of that year.

Effective January 1, 2021, Wells Fargo amended the Plan to provide for a new annual employer contribution generally equal to the greater of 1% of an eligible participant’s certified compensation under the Plan for the plan year or $300. To be eligible to receive this contribution for a plan year, a participant must have completed one year of vesting service, must be employed on December 15 of the plan year (with certain exceptions), and the sum of the participant’s certified compensation and elective deferrals to the Wells Fargo & Company Deferred Compensation Plan for the plan year must be less than $75,000.

Effective January 1, 2021, Wells Fargo amended the Plan’s eligibility requirements with respect to employer discretionary contributions. To be eligible to receive this contribution for a plan year, in addition to completing a year of vesting service, a participant must now be employed on December 15 of the plan year (with certain exceptions) and the sum of the participant’s certified compensation and elective deferrals to the Wells Fargo & Company Deferred Compensation Plan for the plan year must be less than $150,000.

Effective January 1, 2021, Wells Fargo amended the Plan to add the option for distribution in the form of installments for participants who otherwise become eligible to receive distribution of their Plan benefit.


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
			Description of investment, including
			maturity date, rate of interest,		Units/
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value		shares	Cost	Current value
*	Participant loans		Participant loans,
				interest rates ranging from 3.25% to
				11.50%, maturing at various dates
				through November 30, 2040	N/A		$	834,307,016

	State Street U.S. Bond Index Fund		Collective Investment Fund		137,378,971	(1)	1,689,211,828
	State Street S&P 500 Index Fund		Collective Investment Fund		163,892,264	(1)	5,573,156,422
	State Street S&P MidCap Index Fund		Collective Investment Fund		49,750,129	(1)	2,288,058,175
	State Street Russell Small Cap Index Fund		Collective Investment Fund		22,636,425	(1)	894,885,775
	State Street International Index Fund		Collective Investment Fund		25,892,953	(1)	694,008,807
	State Street NASDAQ 100 Index Fund		Collective Investment Fund		44,720,182	(1)	3,781,225,563
	Blackrock Global ESG Equity Index Fund		Collective Investment Fund		9,047,983	(1)	130,118,139
	State Street Emerging Markets Index Fund		Collective Investment Fund		3,253,445	(1)	130,355,790
*	Wells Fargo / State Street Target Today CIT		Collective Investment Fund		12,965,579	(1)	182,922,272
*	Wells Fargo / State Street Target 2015 CIT		Collective Investment Fund		10,065,911	(1)	132,749,236
*	Wells Fargo / State Street Target 2020 CIT		Collective Investment Fund		25,806,598	(1)	516,147,442
*	Wells Fargo / State Street Target 2025 CIT		Collective Investment Fund		95,914,672	(1)	1,370,121,902
*	Wells Fargo / State Street Target 2030 CIT		Collective Investment Fund		51,118,394	(1)	1,227,025,474
*	Wells Fargo / State Street Target 2035 CIT		Collective Investment Fund		59,373,770	(1)	961,504,773
*	Wells Fargo / State Street Target 2040 CIT		Collective Investment Fund		37,938,944	(1)	1,109,327,135
*	Wells Fargo / State Street Target 2045 CIT		Collective Investment Fund		41,271,164	(1)	740,239,599
*	Wells Fargo / State Street Target 2050 CIT		Collective Investment Fund		67,156,193	(1)	1,170,122,788
*	Wells Fargo / State Street Target 2055 CIT		Collective Investment Fund		20,420,449	(1)	434,955,565
*	Wells Fargo / State Street Target 2060 CIT		Collective Investment Fund		9,737,143	(1)	162,380,499
*	Wells Fargo / State Street Target 2065 CIT		Collective Investment Fund		688,105	(1)	8,011,464
							23,196,528,648

*	Wells Fargo 100% Treasury Money Market Fund		Mutual Fund		937,947,632	(1)	937,947,632
							937,947,632
	Large Cap Value Fund		Multi-Manager Fund
		Dodge & Cox Stock Fund		Mutual Fund	4,965,771	(1)	956,208,839
		T Rowe Price Equity Income Fund		Common Collective Fund	34,295,525	(1)	924,950,314
		MFS Large Cap Value Fund		Common Collective Fund	27,549,259	(1)	936,399,326
							2,817,558,479
	Large Cap Growth Fund		Multi-Manager Fund
		Los Angeles Large Cap Growth Fund		Common Collective Fund	40,504,069	(1)	1,340,684,694
		T Rowe Price Blue Chip Growth Fund		Common Collective Fund	20,629,745	(1)	1,361,150,583
		Delaware US Growth Fund		Mutual Fund	43,760,874	(1)	1,338,645,126
							4,040,480,403
	Small Cap Fund		Multi-Manager Fund
*		Wells Fargo Emerging Growth Fund		Mutual Fund	15,040,857	(1)	302,170,812
		Advisory Research Small Cap Value Fund		Common Collective Fund	11,853,072	(1)	292,770,884
		State Street Russell Small Cap Index Fund		Common Collective Fund	15,283,227	(1)	604,191,811
		Wellington Select Small Cap Growth Fund		Common Collective Fund	11,112,433	(1)	301,369,174
		Wellington Small Cap Value Fund		Common Collective Fund	22,433,253	(1)	291,407,960
							1,791,910,641
	International Equity Fund		Multi-Manager Fund
		Causeway International Value Fund		Common Collective Fund	33,982,896	(1)	388,424,504
		Sprucegrove Collective Fund		Common Collective Fund	37,879,098	(1)	396,215,363
		American Funds EuroPacific Growth Fund		Mutual Fund	11,562,617	(1)	801,289,387
							1,585,929,254
	Emerging Markets Equity Fund		Multi-Manager Fund
		Acadian Emerging Markets Equity Fund		Common Collective Fund	23,101,288	(1)	338,433,877
		Lazard Emerging Markets Fund		Common Collective Fund	17,047,923	(1)	331,582,098
		DFA Emerging Markets Small Cap Fund		Mutual Fund	7,239,898	(1)	167,676,031
							837,692,006
	Diversified Real Asset Fund		Multi-Manager Fund
		Principal Diversified Real Asset Fund		Common Collective Fund	4,466,602	(1)	53,018,563
		State Street Real Asset Fund		Common Collective Fund	1,508,165	(1)	17,677,198
							70,695,761
	Global Bond Fund		Multi-Manager Fund
		Federated Hermes Total Return Bond Fund		Mutual Fund	5,815,143	(1)	67,281,206
		Brandywine Global Opportunities Bond Fund		Mutual Fund	11,373,133	(1)	135,795,211
		PIMCO Global Advantage Strategy Bond Fund		Mutual Fund	11,490,363	(1)	134,552,147
							337,628,564
							11,481,895,108

26 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
					Description of investment, including
					maturity date, rate of interest,		Units/
Identity of issuer, borrower, lessor, or similar party					collateral, par, or maturing value		shares	Cost	Current value
*	Wells Fargo Stable Value Fund
		Security-backed contracts:
			American General Life Ins. Co.		2.00%			(1)	$	—
			Massachusetts Mutual Life Ins.		2.31%			(1)	—
			Pacific Life Ins. Co.		2.46%			(1)	—
			Prudential Ins. Co. of America		2.52%			(1)	—
			Royal Bank of Canada		2.18%			(1)	—
			State Street Bank and TrustCo.		2.34%			(1)	—
			Transamerica Premier Life Ins. Co.		2.37%			(1)	—
			Voya Ins. and Annuity Co.		2.15%			(1)	—
*				Wells Fargo Fixed Income Fund C2	12,357,237 units			(1)	381,687,874
									381,687,874
					Adjustment from fair value to current value				(18,035,871)
						Total			363,652,003

			American General Life Ins. Co.		2.00%			(1)	—
			Massachusetts Mutual Life Ins.		2.31%			(1)	—
			Pacific Life Ins. Co.		2.46%			(1)	—
			Prudential Ins. Co. of America		2.52%			(1)	—
			Royal Bank of Canada		2.18%			(1)	—
			State Street Bank and TrustCo.		2.34%			(1)	—
			Transamerica Premier Life Ins. Co.		2.37%			(1)	—
			Voya Ins. and Annuity Co.		2.15%			(1)	—
*				Wells Fargo Fixed Income Fund Q2	31,307,770 units			(1)	390,286,983
									390,286,983
					Adjustment from fair value to current value				(18,023,055)
						Total			372,263,928

			Metropolitan Life Ins. Co.		2.31%			(1)	—
				Separate account 771				(1)	375,897,170
				Separate account 690				(1)	297,325,934
									673,223,104
					Adjustment from fair value to current value				(29,020,103)
						Total			644,203,001

			American General Life Ins. Co.		2.00%			(1)	—
			Massachusetts Mutual Life Ins.		2.31%			(1)	—
			Nationwide Life Insurance Co.		2.36%			(1)	—
			Pacific Life Ins. Co.		2.46%			(1)	—
			Prudential Ins. Co. of America		2.52%			(1)	—
			Royal Bank of Canada		2.18%			(1)	—
			State Street Bank and TrustCo.		2.34%			(1)	—
			Transamerica Premier Life Ins. Co.		2.37%			(1)	—
			Voya Ins. and Annuity Co.		2.15%			(1)	—
				3M Co	2.650%, $225,000 par, due 4/15/2025			(1)	244,376
				Abay Leasing 2014 LLC	2.654%, $1,905,000 par, due 11/9/2026			(1)	2,016,846
				ABB Treasury Center USA Inc	4.000%, $550,000 par, due 6/15/2021			(1)	559,129
				AbbVie Inc	3.375%, $561,000 par, due 11/14/2021			(1)	576,078
				AbbVie Inc	2.300%, $3,680,000 par, due 11/21/2022			(1)	3,813,952
				AbbVie Inc	2.150%, $2,450,000 par, due 11/19/2021			(1)	2,489,460
				Access Group Inc 2013-1	0.648%, $1,068,876 par, due 2/25/2036			(1)	1,058,594
				AEP Texas Inc	2.400%, $153,000 par, due 10/1/2022			(1)	157,820
				AIG Global Funding	2.700%, $1,380,000 par, due 12/15/2021			(1)	1,410,963
				AIG Global Funding	2.300%, $1,660,000 par, due 7/1/2022			(1)	1,704,888
				Alexandria Real Estate Equities Inc	3.450%, $2,000,000 par, due 4/30/2025			(1)	2,223,840
				Alexandria Real Estate Equities Inc	4.000%, $882,000 par, due 1/15/2024			(1)	970,685
				Alliant Energy Finance LLC	3.750%, $166,000 par, due 6/15/2023			(1)	177,856
				Ally Auto Receivables Trust 2018-1	2.350%, $239,048 par, due 6/15/2022			(1)	239,697
				Ally Auto Receivables Trust 2018-2	2.920%, $662,197 par, due 11/15/2022			(1)	667,226
				Ally Auto Receivables Trust 2018-3	3.000%, $296,905 par, due 1/17/2023			(1)	299,929
				Ally Auto Receivables Trust 2019-1	2.910%, $1,511,356 par, due 9/15/2023			(1)	1,536,243
				Ally Auto Receivables Trust 2019-3	1.930%, $1,490,000 par, due 5/15/2024			(1)	1,513,940
				Amal Ltd/Cayman Islands	3.465%, $129,842 par, due 8/21/2021			(1)	131,397
				Ameren Illinois Co	2.700%, $620,000 par, due 9/1/2022			(1)	640,688
				Ameren Illinois Co	3.250%, $1,420,000 par, due 3/1/2025			(1)	1,559,494
				American Electric Power Co Inc	3.650%, $400,000 par, due 12/1/2021			(1)	412,353
				American Express Co	3.375%, $1,026,000 par, due 5/17/2021			(1)	1,034,902
				American Express Co	2.750%, $850,000 par, due 5/20/2022			(1)	876,905
				American Express Co	3.400%, $360,000 par, due 2/22/2024			(1)	390,701
				American Express Co	3.400%, $355,000 par, due 2/27/2023			(1)	377,564

27 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	American Express Co	3.700%, $1,300,000 par, due 8/3/2023		(1)	$	1,407,756
	American Express Credit Account Master Trust	3.180%, $3,633,000 par, due 4/15/2024		(1)	3,707,942
	American Express Credit Account Master Trust	2.870%, $4,380,000 par, due 10/15/2024		(1)	4,519,284
	American Express Credit Account Master Trust	3.060%, $4,000,000 par, due 2/15/2024		(1)	4,061,168
	American Honda Finance Corp	2.200%, $2,232,000 par, due 6/27/2022		(1)	2,293,670
	American Honda Finance Corp	3.450%, $274,000 par, due 7/14/2023		(1)	295,106
	American Honda Finance Corp	2.050%, $2,110,000 par, due 1/10/2023		(1)	2,181,926
	American Honda Finance Corp	1.950%, $1,470,000 par, due 5/10/2023		(1)	1,524,502
	American Transmission Systems Inc	5.250%, $755,000 par, due 1/15/2022		(1)	786,863
	Americredit Automobile Receivables Trust 2018-2	3.150%, $698,014 par, due 3/20/2023		(1)	704,025
	Americredit Automobile Receivables Trust 2018-3	3.380%, $747,841 par, due 7/18/2023		(1)	756,830
	AmeriCredit Automobile Receivables Trust 2019-3	2.060%, $2,120,000 par, due 4/18/2024		(1)	2,153,117
	Amphenol Corp	2.050%, $1,295,000 par, due 3/1/2025		(1)	1,368,042
	Amphenol Corp	3.200%, $58,000 par, due 4/1/2024		(1)	62,475
	Analog Devices Inc	2.950%, $225,000 par, due 4/1/2025		(1)	245,575
	Anglo American Capital PLC	3.625%, $1,200,000 par, due 9/11/2024		(1)	1,305,438
	Anheuser-Busch InBev Worldwide Inc	4.150%, $450,000 par, due 1/23/2025		(1)	512,411
	Ann Arbor School District	2.016%, $3,500,000 par, due 5/1/2023		(1)	3,622,570
	Archer-Daniels-Midland Co	2.750%, $450,000 par, due 3/27/2025		(1)	489,427
	ARI Fleet Lease Trust 2018-B	3.220%, $1,118,146 par, due 8/16/2027		(1)	1,127,005
	ARI Fleet Lease Trust 2019-A	2.410%, $1,095,302 par, due 11/15/2027		(1)	1,110,272
	AT&T Inc	1.650%, $1,400,000 par, due 2/1/2028		(1)	1,428,412
	AT&T Inc	2.300%, $560,000 par, due 6/1/2027		(1)	597,261
	AT&T Inc	1.400%, $1,680,000 par, due 6/12/2024		(1)	1,721,126
	AvalonBay Communities Inc	2.950%, $264,000 par, due 9/15/2022		(1)	273,975
	BA Credit Card Trust	0.340%, $2,630,000 par, due 5/15/2026		(1)	2,633,216
	BAE Systems Holdings Inc	3.800%, $1,850,000 par, due 10/7/2024		(1)	2,057,243
	BAE Systems PLC	4.750%, $315,000 par, due 10/11/2021		(1)	325,116
	Baker Hughes a GE Co LLC	2.773%, $1,312,000 par, due 12/15/2022		(1)	1,370,245
	Bank of America Corp	3.004%, $2,629,000 par, due 12/20/2023		(1)	2,767,049
	Bank of America Corp	3.499%, $220,000 par, due 5/17/2022		(1)	222,607
	Bank of America Corp	2.881%, $517,000 par, due 4/24/2023		(1)	533,501
	Bank of America Corp	1.169%, $960,000 par, due 7/23/2024		(1)	972,620
	Bank of America Corp	1.215%, $2,214,000 par, due 4/24/2023		(1)	2,236,970
	Bank of America Corp	0.810%, $3,500,000 par, due 10/24/2024		(1)	3,532,704
	Bank of America Corp	3.864%, $567,000 par, due 7/23/2024		(1)	614,743
	Bank of America Corp	3.124%, $1,162,000 par, due 1/20/2023		(1)	1,195,360
	Bank of America Corp	4.000%, $1,014,000 par, due 4/1/2024		(1)	1,125,602
	Bank of America Corp	3.300%, $405,000 par, due 1/11/2023		(1)	429,385
	Bank of America NA	3.335%, $500,000 par, due 1/25/2023		(1)	516,242
	Bank of Montreal	3.300%, $749,000 par, due 2/5/2024		(1)	812,371
	Bank of Montreal	2.500%, $1,952,000 par, due 1/11/2022		(1)	1,997,107
	Bank of Montreal	2.050%, $380,000 par, due 11/1/2022		(1)	392,110
	Bank of Montreal	1.750%, $450,000 par, due 6/15/2021		(1)	453,010
	Bank of New York Mellon Corp/The	2.661%, $370,000 par, due 5/16/2023		(1)	381,311
	Bank of New York Mellon Corp/The	3.450%, $202,000 par, due 8/11/2023		(1)	218,355
	Bank of Nova Scotia/The	3.400%, $391,000 par, due 2/11/2024		(1)	425,476
	Bank of Nova Scotia/The	1.950%, $860,000 par, due 2/1/2023		(1)	888,156
	Bank of Nova Scotia/The	2.000%, $1,840,000 par, due 11/15/2022		(1)	1,900,120
	Bank of Nova Scotia/The	1.875%, $2,553,000 par, due 4/26/2021		(1)	2,566,048
	Baptist Health South Florida Inc	4.590%, $1,000,000 par, due 8/15/2021		(1)	1,024,103
	Bayer US Finance II LLC	3.875%, $454,000 par, due 12/15/2023		(1)	494,552
	Bayer US Finance II LLC	1.227%, $860,000 par, due 12/15/2023		(1)	868,843
	Bayer US Finance II LLC	3.500%, $413,000 par, due 6/25/2021		(1)	418,021
	BMW US Capital LLC	3.150%, $378,000 par, due 4/18/2024		(1)	407,587
	BMW US Capital LLC	3.100%, $405,000 par, due 4/12/2021		(1)	407,900
	BMW US Capital LLC	2.000%, $350,000 par, due 4/11/2021		(1)	351,058
	BMW US Capital LLC	2.950%, $1,485,000 par, due 4/14/2022		(1)	1,535,254
	BMW US Capital LLC	2.700%, $1,095,000 par, due 4/6/2022		(1)	1,125,409
	BMW Vehicle Lease Trust 2018-1	3.260%, $248,465 par, due 7/20/2021		(1)	248,854
	BMW Vehicle Owner Trust 2019-A	1.920%, $2,970,000 par, due 1/25/2024		(1)	3,015,304
	BNP Paribas SA	4.705%, $1,307,000 par, due 1/10/2025		(1)	1,452,639
	BNP Paribas SA	2.819%, $425,000 par, due 11/19/2025		(1)	453,017
	Boeing Co/The	2.700%, $470,000 par, due 5/1/2022		(1)	483,216
	Boeing Co/The	2.300%, $900,000 par, due 8/1/2021		(1)	908,249
	Boeing Co/The	4.875%, $1,585,000 par, due 5/1/2025		(1)	1,806,754
	Boston Properties LP	4.125%, $369,000 par, due 5/15/2021		(1)	370,526
	Boston Properties LP	3.125%, $635,000 par, due 9/1/2023		(1)	673,557

28 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Boston Properties LP	3.800%, $624,000 par, due 2/1/2024		(1)	$	678,038
	BP Capital Markets America Inc	3.790%, $112,000 par, due 2/6/2024		(1)	122,398
	BP Capital Markets America Inc	3.194%, $365,000 par, due 4/6/2025		(1)	401,496
	BP Capital Markets America Inc	2.937%, $490,000 par, due 4/6/2023		(1)	517,113
	BP Capital Markets America Inc	2.520%, $36,000 par, due 9/19/2022		(1)	37,236
	BP Capital Markets America Inc	3.245%, $270,000 par, due 5/6/2022		(1)	280,743
	BP Capital Markets America Inc	2.750%, $1,417,000 par, due 5/10/2023		(1)	1,494,564
	BP Capital Markets America Inc	3.224%, $234,000 par, due 4/14/2024		(1)	253,133
	Brazos Higher Education Authority Inc	1.107%, $325,921 par, due 5/25/2029		(1)	326,215
	Bristol-Myers Squibb Co	2.900%, $280,000 par, due 7/26/2024		(1)	303,871
	Bristol-Myers Squibb Co	0.537%, $2,470,000 par, due 11/13/2023		(1)	2,474,473
	Burlington Northern Santa Fe LLC	3.050%, $787,000 par, due 9/1/2022		(1)	817,573
	Byron Center Public Schools	2.546%, $750,000 par, due 5/1/2024		(1)	799,493
	Canadian Natural Resources Ltd	2.950%, $1,300,000 par, due 1/15/2023		(1)	1,359,644
	Capital One Bank USA NA	2.014%, $710,000 par, due 1/27/2023		(1)	722,186
	Capital One Financial Corp	3.450%, $1,010,000 par, due 4/30/2021		(1)	1,017,502
	Capital One NA	1.033%, $1,549,000 par, due 8/8/2022		(1)	1,560,410
	Capital One NA	2.250%, $1,197,000 par, due 9/13/2021		(1)	1,211,390
	Capital One Prime Auto Receivables Trust 2019-2	1.920%, $3,335,000 par, due 5/15/2024		(1)	3,394,950
	Cardinal Health Inc	2.616%, $1,882,000 par, due 6/15/2022		(1)	1,937,128
	Cargill Inc	1.375%, $635,000 par, due 7/23/2023		(1)	650,853
	Cargill Inc	3.250%, $1,596,000 par, due 11/15/2021		(1)	1,636,495
	CarMax Auto Owner Trust 2017-3	1.970%, $189,816 par, due 4/15/2022		(1)	190,131
	CarMax Auto Owner Trust 2018-2	2.980%, $347,005 par, due 1/17/2023		(1)	350,733
	Carmax Auto Owner Trust 2018-4	3.360%, $1,356,527 par, due 9/15/2023		(1)	1,385,113
	Carmax Auto Owner Trust 2019-3	2.210%, $1,933,777 par, due 12/15/2022		(1)	1,942,664
	Carmax Auto Owner Trust 2019-4	2.020%, $4,445,000 par, due 11/15/2024		(1)	4,569,384
	Carmax Auto Owner Trust 2020-1	1.890%, $4,145,000 par, due 12/16/2024		(1)	4,252,206
	CarMax Auto Owner Trust 2020-3	0.490%, $6,005,000 par, due 6/15/2023		(1)	6,014,200
	Carrier Global Corp	1.923%, $775,000 par, due 2/15/2023		(1)	798,382
	Carrier Global Corp	2.242%, $1,185,000 par, due 2/15/2025		(1)	1,253,923
	Caterpillar Financial Services Corp	3.650%, $261,000 par, due 12/7/2023		(1)	286,199
	Caterpillar Financial Services Corp	0.505%, $680,000 par, due 9/7/2021		(1)	681,075
	Caterpillar Financial Services Corp	2.850%, $135,000 par, due 5/17/2024		(1)	145,327
	Caterpillar Financial Services Corp	2.550%, $99,000 par, due 11/29/2022		(1)	103,146
	Caterpillar Financial Services Corp	0.450%, $800,000 par, due 9/14/2023		(1)	803,083
	CenterPoint Energy Houston Electric LLC	2.250%, $1,553,000 par, due 8/1/2022		(1)	1,592,751
	CES MU2 LLC	2.166%, $3,613,590 par, due 12/16/2026		(1)	3,774,145
	Charles Schwab Corp/The	4.200%, $900,000 par, due 3/24/2025		(1)	1,031,818
	Chesapeake Funding II LLC	3.230%, $333,610 par, due 8/15/2030		(1)	341,037
	Chesapeake Funding II LLC	3.040%, $683,873 par, due 4/15/2030		(1)	690,847
	Chesapeake Funding II LLC	1.950%, $2,586,717 par, due 9/15/2031		(1)	2,628,420
	Chesapeake Funding II LLC	0.870%, $4,525,062 par, due 8/16/2032		(1)	4,547,506
	Chesapeake Funding II LLC	3.390%, $1,097,444 par, due 1/15/2031		(1)	1,129,140
	Chevron Corp	1.554%, $790,000 par, due 5/11/2025		(1)	821,584
	Chevron Phillips Chemical Co LLC	3.300%, $171,000 par, due 5/1/2023		(1)	180,997
	Chubb INA Holdings Inc	3.350%, $500,000 par, due 5/15/2024		(1)	545,861
	Cigna Corp	3.750%, $114,000 par, due 7/15/2023		(1)	123,242
	Cigna Corp	3.400%, $967,000 par, due 9/17/2021		(1)	987,789
	Cintas Corp No 2	4.300%, $360,000 par, due 6/1/2021		(1)	365,813
	Cintas Corp No 2	2.900%, $2,129,000 par, due 4/1/2022		(1)	2,191,329
	Citibank NA	3.165%, $2,200,000 par, due 2/19/2022		(1)	2,207,671
	Citibank NA	3.650%, $340,000 par, due 1/23/2024		(1)	371,668
	Citibank NA	2.844%, $920,000 par, due 5/20/2022		(1)	928,744
	Citigroup Commercial Mortgage Trust 2012-GC8	2.608%, $474,353 par, due 9/10/2045		(1)	480,776
	Citigroup Commercial Mortgage Trust 2014-GC19	3.552%, $1,236,988 par, due 3/10/2047		(1)	1,298,881
	Citigroup Inc	4.044%, $430,000 par, due 6/1/2024		(1)	467,644
	Citigroup Inc	1.248%, $480,000 par, due 6/1/2024		(1)	485,347
	Citigroup Inc	2.312%, $2,980,000 par, due 11/4/2022		(1)	3,027,614
	Citigroup Inc	0.776%, $1,020,000 par, due 10/30/2024		(1)	1,026,617
	Citigroup Inc	3.352%, $331,000 par, due 4/24/2025		(1)	359,855
	Citigroup Inc	4.500%, $292,000 par, due 1/14/2022		(1)	304,462
	Citizens Bank NA/Providence RI	3.250%, $1,140,000 par, due 2/14/2022		(1)	1,173,676
	Citizens Bank NA/Providence RI	2.550%, $250,000 par, due 5/13/2021		(1)	251,544
	Citizens Bank NA/Providence RI	2.250%, $1,045,000 par, due 4/28/2025		(1)	1,108,818
	Clorox Co/The	3.800%, $359,000 par, due 11/15/2021		(1)	369,909
	CNH Equipment Trust 2017-B	1.860%, $297,530 par, due 9/15/2022		(1)	298,258
	CNH Equipment Trust 2019-A	3.010%, $1,197,620 par, due 4/15/2024		(1)	1,224,474

29 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Coca-Cola Co/The	2.950%, $1,100,000 par, due 3/25/2025		(1)	$	1,212,483
	COLGATE UNIVERSITY	2.180%, $1,135,000 par, due 7/1/2023		(1)	1,167,189
	College Loan Corp Trust I	0.965%, $5,945,000 par, due 4/25/2046		(1)	5,835,541
	Comcast Corp	3.700%, $1,000,000 par, due 4/15/2024		(1)	1,100,208
	Comcast Corp	3.100%, $1,105,000 par, due 4/1/2025		(1)	1,215,844
	Comcast Corp	3.000%, $405,000 par, due 2/1/2024		(1)	435,677
	Comerica Inc	3.700%, $326,000 par, due 7/31/2023		(1)	351,703
	COMM 2012-CCRE1 Mortgage Trust	3.053%, $72,454 par, due 5/15/2045		(1)	73,360
	COMM 2012-CCRE2 Mortgage Trust	2.752%, $29,640 par, due 8/15/2045		(1)	29,748
	COMM 2012-CCRE3 Mortgage Trust	2.372%, $683,569 par, due 10/15/2045		(1)	692,472
	COMM 2012-CCRE5 Mortgage Trust	2.388%, $1,274,818 par, due 12/10/2045		(1)	1,291,661
	Comm 2013-CCRE13 Mortgage Trust	4.194%, $810,000 par, due 11/10/2046		(1)	887,920
	COMM 2013-CCRE7 Mortgage Trust	3.213%, $379,318 par, due 3/10/2046		(1)	399,154
	COMM 2013-LC6 Mortgage Trust	2.941%, $342,613 par, due 1/10/2046		(1)	355,987
	COMM 2014-CCRE19 Mortgage Trust	3.499%, $2,236,834 par, due 8/10/2047		(1)	2,354,382
	COMM 2014-CR14 Mortgage Trust	3.743%, $1,705,333 par, due 2/10/2047		(1)	1,784,597
	CommonSpirit Health	2.760%, $415,000 par, due 10/1/2024		(1)	444,898
	Connecticut Light and Power Co/The	2.500%, $1,020,000 par, due 1/15/2023		(1)	1,059,113
	Connecticut Light and Power Co/The	0.750%, $1,390,000 par, due 12/1/2025		(1)	1,405,788
	Cooperatieve Rabobank UA	2.625%, $2,005,000 par, due 7/22/2024		(1)	2,144,117
	Cooperatieve Rabobank UA	1.111%, $470,000 par, due 9/26/2023		(1)	475,948
	Cooperatieve Rabobank UA/NY	2.750%, $265,000 par, due 1/10/2023		(1)	277,952
	County of Berks PA	1.817%, $1,000,000 par, due 11/15/2022		(1)	1,022,740
	County of Howard MD	1.337%, $3,000,000 par, due 8/15/2023		(1)	3,090,510
	County of Spokane WA	2.096%, $1,400,000 par, due 12/1/2024		(1)	1,485,330
	Credit Suisse Group AG	3.574%, $1,480,000 par, due 1/9/2023		(1)	1,524,856
	Credit Suisse Group AG	2.997%, $324,000 par, due 12/14/2023		(1)	338,770
	Credit Suisse Group AG	4.207%, $420,000 par, due 6/12/2024		(1)	455,037
	Credit Suisse Group AG	1.420%, $1,600,000 par, due 12/14/2023		(1)	1,619,318
	Credit Suisse Group AG	1.460%, $790,000 par, due 6/12/2024		(1)	801,197
	CRH America Inc	3.875%, $1,410,000 par, due 5/18/2025		(1)	1,583,767
	Curators of the University of Missouri/The	1.714%, $1,765,000 par, due 11/1/2025		(1)	1,842,466
	Curators of the University of Missouri/The	1.466%, $1,000,000 par, due 11/1/2023		(1)	1,027,370
	CVS Health Corp	2.125%, $304,000 par, due 6/1/2021		(1)	305,801
	CVS Health Corp	3.700%, $194,000 par, due 3/9/2023		(1)	207,545
	CVS Health Corp	3.350%, $516,000 par, due 3/9/2021		(1)	518,829
	CVS Health Corp	2.625%, $690,000 par, due 8/15/2024		(1)	739,385
	Daimler Finance North America LLC	3.750%, $450,000 par, due 11/5/2021		(1)	462,471
	Daimler Finance North America LLC	3.350%, $610,000 par, due 5/4/2021		(1)	615,850
	Daimler Finance North America LLC	2.200%, $270,000 par, due 10/30/2021		(1)	273,767
	Daimler Finance North America LLC	2.300%, $1,077,000 par, due 2/12/2021		(1)	1,079,172
	Daimler Finance North America LLC	2.000%, $202,000 par, due 7/6/2021		(1)	203,600
	Daimler Finance North America LLC	3.000%, $770,000 par, due 2/22/2021		(1)	772,540
	Daimler Finance North America LLC	3.350%, $250,000 par, due 2/22/2023		(1)	264,574
	Daimler Finance North America LLC	1.750%, $3,145,000 par, due 3/10/2023		(1)	3,228,887
	Danone SA	3.000%, $830,000 par, due 6/15/2022		(1)	861,705
	Dell Equipment Finance Trust 2018-1	3.180%, $156,166 par, due 6/22/2023		(1)	156,771
	Dell Equipment Finance Trust 2018-2	3.370%, $655,973 par, due 10/22/2023		(1)	659,609
	Dell Equipment Finance Trust 2019-2	1.910%, $2,905,000 par, due 10/22/2024		(1)	2,954,922
	Dell Equipment Finance Trust 2020-1	2.260%, $4,395,000 par, due 6/22/2022		(1)	4,446,325
	Dell Equipment Finance Trust 2020-2	0.570%, $1,915,000 par, due 10/23/2023		(1)	1,921,526
	Diageo Capital PLC	3.500%, $1,502,000 par, due 9/18/2023		(1)	1,618,668
	Diageo Capital PLC	1.375%, $480,000 par, due 9/29/2025		(1)	493,207
	Discover Card Execution Note Trust	3.110%, $1,095,000 par, due 1/16/2024		(1)	1,111,877
	Discover Card Execution Note Trust	3.040%, $1,980,000 par, due 7/15/2024		(1)	2,038,578
	DNB Boligkreditt AS	2.500%, $788,000 par, due 3/28/2022		(1)	808,898
	DTE Electric Co	3.650%, $1,020,000 par, due 3/15/2024		(1)	1,110,785
	Duke Energy Carolinas LLC	2.500%, $337,000 par, due 3/15/2023		(1)	351,711
	Duke Energy Carolinas LLC	3.050%, $1,193,000 par, due 3/15/2023		(1)	1,260,303
	Duke Energy Progress LLC	3.375%, $90,000 par, due 9/1/2023		(1)	96,821
	DuPont de Nemours Inc	4.493%, $965,000 par, due 11/15/2025		(1)	1,126,493
	DuPont de Nemours Inc	1.331%, $940,000 par, due 11/15/2023		(1)	954,355
	East Ohio Gas Co/The	1.300%, $390,000 par, due 6/15/2025		(1)	397,382
	EdLinc Student Loan Funding Trust 2012-1	1.148%, $860,636 par, due 9/25/2030		(1)	863,975
	Edsouth Indenture No 2 LLC	1.298%, $132,324 par, due 9/25/2040		(1)	132,660
	Edsouth Indenture No 3 LLC	0.878%, $420,300 par, due 4/25/2039		(1)	417,743
	Edsouth Indenture No 4 LLC	0.718%, $363,250 par, due 2/26/2029		(1)	361,890
	Edu Fund of South	1.198%, $453,751 par, due 3/25/2036		(1)	455,883

30 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Edu Fund of South	0.865%, $669,064 par, due 4/25/2035		(1)	$	669,107
	EI du Pont de Nemours and Co	1.700%, $410,000 par, due 7/15/2025		(1)	427,264
	Emory University	1.566%, $780,000 par, due 9/1/2025		(1)	810,436
	Entergy Arkansas LLC	3.050%, $796,000 par, due 6/1/2023		(1)	839,204
	Entergy Louisiana LLC	0.620%, $1,470,000 par, due 11/17/2023		(1)	1,474,885
	Enterprise Fleet Financing 2018-2 LLC	3.140%, $706,824 par, due 2/20/2024		(1)	711,710
	Enterprise Fleet Financing 2019-2 LLC	2.290%, $2,996,418 par, due 2/20/2025		(1)	3,046,321
	Enterprise Fleet Financing 2019-3 LLC	2.060%, $2,162,161 par, due 5/20/2025		(1)	2,198,524
	Enterprise Fleet Financing 2020-1 LLC	1.780%, $3,347,109 par, due 12/22/2025		(1)	3,400,934
	Enterprise Fleet Financing 2020-2 LLC	0.610%, $4,265,000 par, due 7/20/2026		(1)	4,276,541
	Enterprise Fleet Financing LLC	2.870%, $25,874 par, due 10/20/2023		(1)	25,981
	Enterprise Products Operating LLC	2.850%, $405,000 par, due 4/15/2021		(1)	406,977
	Enterprise Products Operating LLC	2.800%, $1,247,000 par, due 2/15/2021		(1)	1,250,520
	Enterprise Products Operating LLC	3.500%, $941,000 par, due 2/1/2022		(1)	972,776
	Equifax Inc	3.600%, $1,018,000 par, due 8/15/2021		(1)	1,036,971
	Equifax Inc	2.300%, $864,000 par, due 6/1/2021		(1)	868,856
	Equifax Inc	3.950%, $45,000 par, due 6/15/2023		(1)	48,617
	Equinor ASA	2.875%, $1,375,000 par, due 4/6/2025		(1)	1,501,783
	Equinor ASA	1.750%, $220,000 par, due 1/22/2026		(1)	231,106
	Equinor ASA	2.650%, $1,400,000 par, due 1/15/2024		(1)	1,486,870
	Ethiopian Leasing 2012 LLC	1.506%, $6,666,667 par, due 10/3/2024		(1)	6,784,393
	Ethiopian Leasing 2012 LLC	2.566%, $3,530,902 par, due 8/14/2026		(1)	3,714,530
	Evergy Metro Inc	3.150%, $725,000 par, due 3/15/2023		(1)	763,508
	Exxon Mobil Corp	1.571%, $1,385,000 par, due 4/15/2023		(1)	1,424,333
	Fannie Mae Grantor Trust 2004-T2	6.000%, $456,338 par, due 11/25/2043		(1)	532,918
	Fannie Mae or Freddie Mac	2.000%, $46,170,000 par, due 1/1/2036		(1)	48,269,304
	Fannie Mae or Freddie Mac	1.500%, $2,670,000 par, due 1/1/2036		(1)	2,747,179
	Fannie Mae Pool	5.000%, $430,521 par, due 6/1/2035		(1)	499,660
	Fannie Mae Pool	5.500%, $317,425 par, due 9/1/2036		(1)	370,185
	Fannie Mae Pool	5.500%, $185,366 par, due 4/1/2033		(1)	217,341
	Fannie Mae Pool	6.000%, $35,899 par, due 2/1/2033		(1)	42,494
	Fannie Mae Pool	5.500%, $28,215 par, due 1/1/2036		(1)	29,802
	Fannie Mae Pool	5.500%, $82,818 par, due 2/1/2036		(1)	90,404
	Fannie Mae Pool	5.000%, $2,288,792 par, due 8/1/2056		(1)	2,607,865
	Fannie Mae Pool	5.500%, $390 par, due 6/1/2021		(1)	391
	Fannie Mae Pool	5.500%, $32,679 par, due 11/1/2021		(1)	32,961
	Fannie Mae Pool	4.000%, $1,394,226 par, due 2/1/2034		(1)	1,500,350
	Fannie Mae Pool	4.000%, $963,106 par, due 2/1/2034		(1)	1,036,967
	Fannie Mae Pool	3.000%, $1,965,242 par, due 8/1/2027		(1)	2,066,055
	Fannie Mae Pool	2.000%, $141,306 par, due 5/1/2023		(1)	147,474
	Fannie Mae Pool	2.000%, $157,300 par, due 6/1/2023		(1)	159,764
	Fannie Mae Pool	2.000%, $142,201 par, due 4/1/2023		(1)	148,420
	Fannie Mae Pool	2.000%, $374,719 par, due 8/1/2023		(1)	381,041
	Fannie Mae Pool	2.500%, $4,240,787 par, due 12/1/2031		(1)	4,431,869
	Fannie Mae Pool	3.000%, $1,083,067 par, due 7/1/2034		(1)	1,137,234
	Fannie Mae Pool	3.000%, $3,145,185 par, due 7/1/2034		(1)	3,357,614
	Fannie Mae Pool	3.000%, $3,146,760 par, due 4/1/2031		(1)	3,371,439
	Fannie Mae Pool	3.000%, $392,369 par, due 2/1/2031		(1)	420,327
	Fannie Mae Pool	3.000%, $273,302 par, due 2/1/2031		(1)	292,784
	Fannie Mae Pool	3.000%, $163,670 par, due 5/1/2031		(1)	175,030
	Fannie Mae Pool	2.500%, $4,088,732 par, due 11/1/2027		(1)	4,274,291
	Fannie Mae Pool	2.500%, $1,398,972 par, due 12/1/2026		(1)	1,458,672
	Fannie Mae Pool	2.500%, $946,719 par, due 8/1/2027		(1)	989,575
	Fannie Mae Pool	3.000%, $944,447 par, due 2/1/2027		(1)	990,770
	Fannie Mae Pool	3.815%, $21,952 par, due 2/1/2041		(1)	21,902
	Fannie Mae Pool	2.259%, $162,481 par, due 10/1/2041		(1)	163,770
	Fannie Mae Pool	2.270%, $101,194 par, due 11/1/2041		(1)	101,911
	Fannie Mae Pool	3.604%, $435,109 par, due 5/1/2036		(1)	456,020
	Fannie Mae Pool	3.750%, $46,819 par, due 3/1/2042		(1)	48,110
	Fannie Mae Pool	2.000%, $562,498 par, due 9/1/2023		(1)	587,297
	Fannie Mae Pool	2.500%, $152,417 par, due 10/1/2023		(1)	158,807
	Fannie Mae Pool	2.500%, $545,428 par, due 10/1/2024		(1)	568,497
	Fannie Mae Pool	2.729%, $729,455 par, due 8/1/2044		(1)	756,431
	Fannie Mae Pool	2.804%, $377,279 par, due 8/1/2044		(1)	390,952
	Fannie Mae Pool	2.804%, $251,768 par, due 8/1/2044		(1)	260,265
	Fannie Mae Pool	2.879%, $363,947 par, due 8/1/2044		(1)	377,553
	Fannie Mae Pool	2.142%, $14,162 par, due 9/1/2044		(1)	14,649
	Fannie Mae Pool	2.743%, $228,924 par, due 10/1/2044		(1)	236,747

31 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Fannie Mae Pool	3.581%, $423,582 par, due 2/1/2045		(1)	$	439,363
	Fannie Mae Pool	2.497%, $754,120 par, due 4/1/2045		(1)	778,976
	Fannie Mae Pool	3.559%, $252,562 par, due 4/1/2045		(1)	260,956
	Fannie Mae Pool	2.280%, $113,623 par, due 8/1/2045		(1)	117,447
	Fannie Mae Pool	2.620%, $543,133 par, due 8/1/2045		(1)	562,950
	Fannie Mae Pool	2.491%, $805,783 par, due 8/1/2045		(1)	837,011
	Fannie Mae Pool	2.615%, $1,042,872 par, due 11/1/2045		(1)	1,085,889
	Fannie Mae Pool	2.714%, $127,333 par, due 12/1/2045		(1)	132,070
	Fannie Mae Pool	3.253%, $1,512,792 par, due 5/1/2048		(1)	1,576,498
	Fannie Mae Pool	3.038%, $3,524,056 par, due 8/1/2049		(1)	3,687,583
	Fannie Mae Pool	3.704%, $357,209 par, due 10/1/2032		(1)	377,649
	Fannie Mae Pool	1.903%, $685,559 par, due 11/1/2032		(1)	686,234
	Fannie Mae Pool	2.585%, $464,763 par, due 7/1/2033		(1)	468,911
	Fannie Mae Pool	2.145%, $564,218 par, due 6/1/2033		(1)	581,866
	Fannie Mae Pool	2.063%, $146,380 par, due 8/1/2035		(1)	147,633
	Fannie Mae Pool	2.065%, $209,808 par, due 8/1/2033		(1)	216,579
	Fannie Mae Pool	2.049%, $112,022 par, due 8/1/2033		(1)	115,621
	Fannie Mae Pool	1.867%, $494,263 par, due 10/1/2033		(1)	501,028
	Fannie Mae Pool	1.889%, $159,580 par, due 12/1/2033		(1)	162,038
	Fannie Mae Pool	1.853%, $94,879 par, due 3/1/2034		(1)	98,485
	Fannie Mae Pool	1.800%, $57,540 par, due 5/1/2034		(1)	59,739
	Fannie Mae Pool	2.074%, $896,588 par, due 6/1/2034		(1)	926,702
	Fannie Mae Pool	1.971%, $88,085 par, due 8/1/2034		(1)	91,093
	Fannie Mae Pool	3.405%, $464,869 par, due 5/1/2038		(1)	485,872
	Fannie Mae Pool	2.484%, $151,065 par, due 5/1/2037		(1)	152,606
	Fannie Mae Pool	3.346%, $412,048 par, due 11/1/2048		(1)	430,675
	Fannie Mae Pool	2.765%, $1,577,596 par, due 11/1/2047		(1)	1,646,223
	Fannie Mae Pool	2.971%, $634,965 par, due 5/1/2047		(1)	661,694
	Fannie Mae Pool	2.972%, $796,669 par, due 2/1/2048		(1)	832,025
	Fannie Mae Pool	3.019%, $1,822,445 par, due 8/1/2049		(1)	1,907,734
	Fannie Mae Pool	2.757%, $4,993,867 par, due 11/1/2049		(1)	5,256,944
	Fannie Mae Pool	2.851%, $1,367,960 par, due 11/1/2049		(1)	1,434,708
	Fannie Mae Pool	2.840%, $803,737 par, due 11/1/2049		(1)	843,967
	Fannie Mae Pool	2.805%, $975,278 par, due 12/1/2049		(1)	1,025,373
	Fannie Mae Pool	2.664%, $1,862,273 par, due 12/1/2049		(1)	1,958,456
	Fannie Mae Pool	2.737%, $2,251,913 par, due 12/1/2049		(1)	2,371,197
	Fannie Mae Pool	2.741%, $6,552,431 par, due 1/1/2050		(1)	6,891,192
	Fannie Mae Pool	2.748%, $4,357,976 par, due 1/1/2050		(1)	4,587,502
	Fannie Mae Pool	2.354%, $1,017,005 par, due 10/1/2046		(1)	1,052,840
	Fannie Mae Pool	2.383%, $1,428,539 par, due 11/1/2046		(1)	1,479,888
	Fannie Mae Pool	3.082%, $1,406,073 par, due 6/1/2047		(1)	1,467,447
	Fannie Mae Pool	3.036%, $1,717,377 par, due 6/1/2047		(1)	1,792,106
	Fannie Mae Pool	3.010%, $1,007,797 par, due 6/1/2047		(1)	1,052,532
	Fannie Mae Pool	2.839%, $853,612 par, due 7/1/2047		(1)	890,361
	Fannie Mae Pool	3.059%, $992,008 par, due 7/1/2047		(1)	1,036,034
	Fannie Mae Pool	2.777%, $1,649,698 par, due 9/1/2047		(1)	1,721,920
	Fannie Mae Pool	2.667%, $912,043 par, due 9/1/2047		(1)	949,600
	Fannie Mae Pool	2.351%, $70,534 par, due 6/1/2045		(1)	72,984
	Fannie Mae Pool	2.604%, $254,849 par, due 7/1/2045		(1)	264,693
	Fannie Mae Pool	2.708%, $318,852 par, due 4/1/2022		(1)	322,585
	Fannie Mae Pool	2.600%, $607,002 par, due 1/1/2021		(1)	606,762
	Fannie Mae Pool	3.410%, $854,566 par, due 11/1/2023		(1)	914,167
	Fannie Mae Pool	3.120%, $945,000 par, due 1/1/2024		(1)	1,010,847
	Fannie Mae Pool	2.337%, $669,649 par, due 6/1/2022		(1)	674,772
	Fannie Mae REMIC Trust 2002-W12	5.066%, $11,935 par, due 2/25/2033		(1)	11,930
	Fannie Mae REMIC Trust 2003-W11	6.681%, $34,052 par, due 7/25/2033		(1)	38,503
	Fannie Mae REMIC Trust 2004-W11	7.000%, $498,436 par, due 5/25/2044		(1)	574,740
	Fannie Mae REMICS	5.500%, $1,450,061 par, due 4/25/2035		(1)	1,699,101
	Fannie Mae REMICS	5.500%, $1,315,814 par, due 4/25/2035		(1)	1,537,378
	Fannie Mae REMICS	3.000%, $15,706 par, due 6/25/2038		(1)	15,822
	Fannie Mae REMICS	4.000%, $66,445 par, due 4/25/2027		(1)	68,165
	Fannie Mae REMICS	2.500%, $41,763 par, due 3/25/2037		(1)	44,083
	Fannie Mae Trust 2003-W6	6.500%, $167,902 par, due 9/25/2042		(1)	197,032
	Fannie Mae Trust 2004-W1	7.000%, $359,743 par, due 12/25/2033		(1)	426,381
	Fannie Mae-Aces	2.263%, $219,658 par, due 2/25/2023		(1)	221,988
	Fannie Mae-Aces	0.641%, $92,178 par, due 4/25/2024		(1)	92,245
	Federal Realty Investment Trust	1.250%, $810,000 par, due 2/15/2026		(1)	824,868
	Federal Realty Investment Trust	2.750%, $518,000 par, due 6/1/2023		(1)	541,420

32 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Federation des Caisses Desjardin du Quebec	0.450%, $3,635,000 par, due 10/7/2023		(1)	$	3,640,482
	FedEx Corp	3.800%, $1,170,000 par, due 5/15/2025		(1)	1,320,758
	FedEx Corp	2.625%, $270,000 par, due 8/1/2022		(1)	279,343
	FedEx Corp	3.400%, $1,000,000 par, due 1/14/2022		(1)	1,031,588
	Fidelity National Information Services Inc	3.500%, $1,000,000 par, due 4/15/2023		(1)	1,061,250
	Fifth Third Bancorp	1.625%, $440,000 par, due 5/5/2023		(1)	453,826
	Fifth Third Bancorp	3.650%, $220,000 par, due 1/25/2024		(1)	239,938
	Fiserv Inc	3.800%, $450,000 par, due 10/1/2023		(1)	490,138
	Fiserv Inc	2.750%, $1,690,000 par, due 7/1/2024		(1)	1,814,710
	Florida Power & Light Co	2.850%, $700,000 par, due 4/1/2025		(1)	761,776
	Florida Water Pollution Control Financing Corp	1.900%, $1,580,000 par, due 1/15/2022		(1)	1,607,350
	Ford Credit Auto Lease Trust	3.190%, $94,111 par, due 12/15/2021		(1)	94,194
	Ford Credit Auto Lease Trust 2019-A	2.900%, $743,839 par, due 5/15/2022		(1)	748,265
	Ford Credit Auto Lease Trust 2019-B	2.220%, $5,490,000 par, due 10/15/2022		(1)	5,540,799
	Ford Credit Auto Lease Trust 2020-B	0.620%, $4,515,000 par, due 8/15/2023		(1)	4,534,171
	Ford Credit Auto Owner Tr	2.310%, $1,415,000 par, due 8/15/2027		(1)	1,418,301
	Ford Credit Auto Owner Tr	2.620%, $2,625,000 par, due 8/15/2028		(1)	2,691,439
	Ford Credit Auto Owner Trust 2017-REV2	2.360%, $628,000 par, due 3/15/2029		(1)	649,554
	Ford Credit Auto Owner Trust 2018-A	3.030%, $1,182,122 par, due 11/15/2022		(1)	1,192,679
	Ford Credit Auto Owner Trust 2018-REV2	3.470%, $761,000 par, due 1/15/2030		(1)	816,017
	Ford Credit Auto Owner Trust 2019-C	1.870%, $4,040,000 par, due 3/15/2024		(1)	4,118,812
	Ford Credit Auto Owner Trust 2020-A	1.030%, $2,561,547 par, due 10/15/2022		(1)	2,568,646
	Ford Credit Auto Owner Trust 2020-B	0.560%, $8,100,000 par, due 10/15/2024		(1)	8,135,972
	Ford Motor Credit Co LLC	3.470%, $200,000 par, due 4/5/2021		(1)	200,000
	Fortune Brands Home & Security Inc	4.000%, $67,000 par, due 9/21/2023		(1)	73,001
	Fragata Leasing LLC	1.732%, $444,313 par, due 9/18/2024		(1)	454,185
	Freddie Mac Gold Pool	5.500%, $10,174 par, due 11/1/2021		(1)	10,225
	Freddie Mac Gold Pool	2.500%, $107,216 par, due 7/1/2023		(1)	111,730
	Freddie Mac Gold Pool	6.000%, $1,580,493 par, due 8/1/2038		(1)	1,870,994
	Freddie Mac Gold Pool	6.000%, $760,233 par, due 8/1/2038		(1)	900,454
	Freddie Mac Gold Pool	5.500%, $120,913 par, due 12/1/2033		(1)	136,866
	Freddie Mac Gold Pool	3.000%, $1,688,477 par, due 8/1/2027		(1)	1,772,947
	Freddie Mac Gold Pool	3.000%, $354,948 par, due 10/1/2026		(1)	379,071
	Freddie Mac Multifam Struct PT Cert	0.853%, $54,787 par, due 9/25/2022		(1)	54,854
	Freddie Mac Multifam Struct PT Cert	0.803%, $34,928 par, due 1/25/2023		(1)	34,974
	Freddie Mac Multifam Struct PT Cert	2.615%, $11,470,000 par, due 1/25/2023		(1)	11,992,367
	Freddie Mac Multifam Struct PT Cert	2.779%, $628,790 par, due 1/25/2046		(1)	628,666
	Freddie Mac Multifam Struct PT Cert	2.791%, $2,500,000 par, due 1/25/2022		(1)	2,550,583
	Freddie Mac Non Gold Pool	2.581%, $109,797 par, due 6/1/2045		(1)	113,840
	Freddie Mac Non Gold Pool	2.570%, $986,609 par, due 5/1/2045		(1)	1,023,253
	Freddie Mac Non Gold Pool	3.699%, $465,211 par, due 4/1/2038		(1)	491,318
	Freddie Mac Non Gold Pool	3.564%, $50,893 par, due 5/1/2038		(1)	53,321
	Freddie Mac Non Gold Pool	2.875%, $368,559 par, due 5/1/2047		(1)	383,687
	Freddie Mac Non Gold Pool	2.980%, $273,880 par, due 8/1/2047		(1)	285,589
	Freddie Mac Non Gold Pool	2.547%, $542,842 par, due 10/1/2047		(1)	566,112
	Freddie Mac Non Gold Pool	2.864%, $235,901 par, due 7/1/2047		(1)	245,752
	Freddie Mac Non Gold Pool	2.971%, $1,785,675 par, due 6/1/2047		(1)	1,860,736
	Freddie Mac Non Gold Pool	2.539%, $174,405 par, due 11/1/2046		(1)	181,131
	Freddie Mac Non Gold Pool	2.196%, $1,983,732 par, due 1/1/2047		(1)	2,054,174
	Freddie Mac Non Gold Pool	2.267%, $189,098 par, due 10/1/2046		(1)	195,900
	Freddie Mac Non Gold Pool	2.381%, $3,372,242 par, due 10/1/2046		(1)	3,490,736
	Freddie Mac Non Gold Pool	2.451%, $1,475,597 par, due 10/1/2046		(1)	1,528,622
	Freddie Mac Non Gold Pool	2.541%, $390,003 par, due 9/1/2037		(1)	411,153
	Freddie Mac Non Gold Pool	1.890%, $48,472 par, due 6/1/2036		(1)	48,651
	Freddie Mac Non Gold Pool	2.318%, $231,626 par, due 8/1/2035		(1)	232,747
	Freddie Mac Non Gold Pool	3.602%, $1,205,562 par, due 5/1/2048		(1)	1,258,705
	Freddie Mac Non Gold Pool	2.821%, $839,592 par, due 11/1/2047		(1)	875,381
	Freddie Mac Non Gold Pool	3.147%, $2,644,737 par, due 7/1/2049		(1)	2,761,344
	Freddie Mac Non Gold Pool	2.719%, $3,925,809 par, due 11/1/2045		(1)	4,073,454
	Freddie Mac Non Gold Pool	2.684%, $42,465 par, due 1/1/2041		(1)	44,238
	Freddie Mac Non Gold Pool	3.531%, $54,378 par, due 2/1/2042		(1)	56,603
	Freddie Mac Non Gold Pool	2.450%, $1,182,703 par, due 2/1/2046		(1)	1,219,556
	Freddie Mac Non Gold Pool	2.368%, $527,685 par, due 12/1/2042		(1)	545,664
	Freddie Mac Non Gold Pool	2.661%, $228,015 par, due 8/1/2045		(1)	236,579
	Freddie Mac Non Gold Pool	2.130%, $155,389 par, due 10/1/2045		(1)	160,335
	Freddie Mac Non Gold Pool	2.632%, $1,169,328 par, due 11/1/2045		(1)	1,212,252
	Freddie Mac Non Gold Pool	2.227%, $169,751 par, due 9/1/2045		(1)	176,200
	Freddie Mac Non Gold Pool	2.379%, $1,713,641 par, due 7/1/2045		(1)	1,771,679

33 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Freddie Mac Non Gold Pool	2.344%, $94,252 par, due 8/1/2045		(1)	$	97,513
	Freddie Mac Non Gold Pool	2.413%, $2,890,612 par, due 8/1/2045		(1)	2,993,512
	Freddie Mac Non Gold Pool	2.723%, $525,791 par, due 12/1/2044		(1)	546,410
	Freddie Mac Non Gold Pool	2.582%, $417,882 par, due 1/1/2045		(1)	433,414
	Freddie Mac Non Gold Pool	2.808%, $137,070 par, due 5/1/2042		(1)	137,979
	Freddie Mac Non Gold Pool	2.625%, $28,884 par, due 6/1/2042		(1)	28,918
	Freddie Mac Non Gold Pool	2.655%, $56,971 par, due 6/1/2042		(1)	59,169
	Freddie Mac Non Gold Pool	2.613%, $73,026 par, due 7/1/2042		(1)	76,083
	Freddie Mac Non Gold Pool	2.500%, $29,629 par, due 8/1/2042		(1)	29,651
	Freddie Mac Non Gold Pool	2.371%, $288,111 par, due 9/1/2042		(1)	298,992
	Freddie Mac Non Gold Pool	2.285%, $310,819 par, due 8/1/2043		(1)	322,047
	Freddie Mac Non Gold Pool	2.113%, $733,732 par, due 10/1/2043		(1)	758,313
	Freddie Mac Non Gold Pool	3.350%, $297,130 par, due 5/1/2044		(1)	308,418
	Freddie Mac Non Gold Pool	2.687%, $397,784 par, due 8/1/2044		(1)	411,994
	Freddie Mac Pool	3.000%, $2,589,046 par, due 7/1/2034		(1)	2,716,176
	Freddie Mac Pool	3.000%, $5,308,757 par, due 1/1/2035		(1)	5,655,175
	Freddie Mac REMICS	3.500%, $27,032 par, due 4/15/2041		(1)	27,637
	Freddie Mac REMICS	3.000%, $28,522 par, due 12/15/2044		(1)	30,652
	Freddie Mac Struct PT Cert	5.231%, $2,291,790 par, due 5/25/2043		(1)	2,653,928
	General Dynamics Corp	3.250%, $1,410,000 par, due 4/1/2025		(1)	1,556,902
	General Mills Inc	2.600%, $775,000 par, due 10/12/2022		(1)	804,063
	General Mills Inc	3.200%, $779,000 par, due 4/16/2021		(1)	784,978
	General Mills Inc	3.700%, $480,000 par, due 10/17/2023		(1)	522,760
	General Motors Financial Co Inc	4.200%, $1,080,000 par, due 11/6/2021		(1)	1,113,174
	General Motors Financial Co Inc	3.550%, $750,000 par, due 7/8/2022		(1)	782,224
	Georgia-Pacific LLC	1.750%, $1,755,000 par, due 9/30/2025		(1)	1,834,856
	Georgia-Pacific LLC	3.163%, $225,000 par, due 11/15/2021		(1)	229,217
	GlaxoSmithKline Capital PLC	0.534%, $860,000 par, due 10/1/2023		(1)	862,544
	Gilead Sciences Inc	0.750%, $990,000 par, due 9/29/2023		(1)	993,009
	Ginnie Mae II pool	4.740%, $908 par, due 6/20/2061		(1)	1,055
	Ginnie Mae II pool	3.125%, $175,083 par, due 10/20/2045		(1)	181,296
	Ginnie Mae II pool	3.125%, $29,616 par, due 12/20/2045		(1)	30,579
	Ginnie Mae II pool	3.000%, $80,548 par, due 3/20/2042		(1)	83,668
	Ginnie Mae II pool	2.875%, $269,916 par, due 4/20/2042		(1)	280,806
	Ginnie Mae II Pool	3.919%, $23,704 par, due 12/20/2066		(1)	24,263
	Ginnie Mae II Pool	3.917%, $10,551 par, due 1/20/2067		(1)	10,798
	Ginnie Mae II pool	1.520%, $375,478 par, due 6/20/2058		(1)	381,507
	Ginnie Mae II pool	5.470%, $2,184 par, due 8/20/2059		(1)	2,241
	Ginnie Mae II pool	0.770%, $3,427,001 par, due 5/20/2058		(1)	3,469,386
	GlaxoSmithKline Capital Inc	3.375%, $1,218,000 par, due 5/15/2023		(1)	1,304,920
	GlaxoSmithKline Capital PLC	2.850%, $740,000 par, due 5/8/2022		(1)	765,341
	GM Fin Consumer Auto Recv Tr 2017-3A	1.970%, $155,859 par, due 5/16/2022		(1)	156,112
	GM Fin Consumer Auto Recv Tr 2018-1	2.320%, $575,897 par, due 7/18/2022		(1)	578,491
	GM Fin Consumer Auto Recv Tr 2018-2	2.810%, $1,273,252 par, due 12/16/2022		(1)	1,285,493
	GM Financial Automobile Leasing Trust 2019-1	2.980%, $809,344 par, due 12/20/2021		(1)	812,814
	GM Financial Automobile Leasing Trust 2020-2	0.710%, $4,842,008 par, due 10/20/2022		(1)	4,857,478
	GM Financial Automobile Leasing Trust 2020-3	0.450%, $4,545,000 par, due 8/21/2023		(1)	4,556,299
	GM Financial Consumer Auto Rec Trust 2020-3	0.450%, $11,020,000 par, due 4/16/2025		(1)	11,064,267
	GM Financial Consumer Automobile Rec Trust 2019-3	2.180%, $2,110,000 par, due 4/16/2024		(1)	2,144,136
	GM Financial Consumer Automobile Rec Trust 2020-1	1.840%, $2,675,000 par, due 9/16/2024		(1)	2,732,943
	GM Financial Consumer Automobile Receivables Trust	1.500%, $2,577,720 par, due 3/16/2023		(1)	2,589,067
	GNMA	1.140%, $3,131,194 par, due 12/20/2066		(1)	3,197,122
	GNMA	0.790%, $3,021,782 par, due 10/20/2065		(1)	3,044,729
	Goldman Sachs Group Inc/The	0.627%, $790,000 par, due 11/17/2023		(1)	793,196
	Goldman Sachs Group Inc/The	5.750%, $945,000 par, due 1/24/2022		(1)	998,861
	Goldman Sachs Group Inc/The	3.500%, $1,000,000 par, due 1/23/2025		(1)	1,103,659
	Goldman Sachs Group Inc/The	2.875%, $511,000 par, due 2/25/2021		(1)	511,951
	Goldman Sachs Group Inc/The	2.625%, $171,000 par, due 4/25/2021		(1)	171,889
	Goldman Sachs Group Inc/The	3.000%, $2,094,000 par, due 4/26/2022		(1)	2,110,991
	Goldman Sachs Group Inc/The	1.215%, $179,000 par, due 7/24/2023		(1)	180,601
	Goldman Sachs Group Inc/The	3.272%, $1,445,000 par, due 9/29/2025		(1)	1,582,889
	Goldman Sachs Group Inc/The	2.876%, $1,321,000 par, due 10/31/2022		(1)	1,347,810
	Goldman Sachs Group Inc/The	3.625%, $1,147,000 par, due 2/20/2024		(1)	1,248,297
	Government National Mortgage Association	1.040%, $1,478,656 par, due 1/20/2066		(1)	1,502,864
	Green Bay Area Public School District	2.050%, $2,040,000 par, due 4/1/2023		(1)	2,114,725
	GS Mortgage Securities Corp II	2.943%, $6,800,000 par, due 2/10/2046		(1)	7,056,272
	GS Mortgage Securities Trust 2012-GCJ9	2.368%, $1,123,971 par, due 11/10/2045		(1)	1,137,841
	GS Mortgage Securities Trust 2012-GCJ9	2.773%, $3,522,276 par, due 11/10/2045		(1)	3,626,704

34 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	GS Mortgage Securities Trust 2013-GC16	4.271%, $576,000 par, due 11/10/2046		(1)	$	628,208
	GSMS 2012-GCJ7 A4 9.2-Yr CMBS	3.377%, $942,617 par, due 5/10/2045		(1)	954,183
	Guardian Life Global Funding	3.400%, $327,000 par, due 4/25/2023		(1)	349,311
	Guardian Life Global Funding	2.500%, $301,000 par, due 5/8/2022		(1)	310,222
	Halliburton Co	3.500%, $18,000 par, due 8/1/2023		(1)	19,233
	Harlandale Independent School District	5.000%, $1,880,000 par, due 8/15/2022		(1)	2,019,571
	Health Care Service Corp A Mutual Legal Reserve Co	1.500%, $1,490,000 par, due 6/1/2025		(1)	1,529,346
	Hewlett Packard Enterprise Co	3.500%, $1,170,000 par, due 10/5/2021		(1)	1,194,710
	Hewlett Packard Enterprise Co	2.250%, $950,000 par, due 4/1/2023		(1)	984,615
	Hewlett Packard Enterprise Co	4.450%, $1,435,000 par, due 10/2/2023		(1)	1,578,621
	Hewlett Packard Enterprise Co	0.974%, $616,000 par, due 10/5/2021		(1)	616,089
	HNA 2015 LLC	2.291%, $1,903,774 par, due 6/30/2027		(1)	2,012,780
	Honda Auto Receivables 2018-2 Owner Trust	3.010%, $1,014,770 par, due 5/18/2022		(1)	1,023,230
	Honda Auto Receivables 2019-4 Owner Trust	1.830%, $3,085,000 par, due 1/18/2024		(1)	3,147,777
	Honda Auto Receivables 2020-2 Owner Trust	0.820%, $5,860,000 par, due 7/15/2024		(1)	5,917,170
	Honda Auto Receivables 2020-3 Owner Trust	0.370%, $4,365,000 par, due 10/18/2024		(1)	4,372,381
	Honeywell International Inc	1.350%, $550,000 par, due 6/1/2025		(1)	569,848
	HPEFS Equipment Trust	0.690%, $4,810,000 par, due 7/22/2030		(1)	4,828,528
	HSBC Holdings PLC	1.589%, $1,560,000 par, due 5/24/2027		(1)	1,586,391
	HSBC Holdings PLC	2.099%, $580,000 par, due 6/4/2026		(1)	602,703
	HSBC Holdings PLC	3.600%, $1,300,000 par, due 5/25/2023		(1)	1,398,296
	HSBC Holdings PLC	1.220%, $770,000 par, due 5/18/2024		(1)	775,104
	HSBC Holdings PLC	3.950%, $229,000 par, due 5/18/2024		(1)	247,015
	HSBC Holdings PLC	3.262%, $587,000 par, due 3/13/2023		(1)	606,339
	HSBC Holdings PLC	3.803%, $238,000 par, due 3/11/2025		(1)	259,854
	Huntington National Bank/The	3.550%, $319,000 par, due 10/6/2023		(1)	345,380
	Hyundai Auto Lease Securitization Trust 2019-A	2.980%, $1,448,166 par, due 7/15/2022		(1)	1,457,098
	Hyundai Auto Receivables Trust 2018-A	2.790%, $371,028 par, due 7/15/2022		(1)	373,443
	Hyundai Auto Receivables Trust 2020-A	1.410%, $4,625,000 par, due 11/15/2024		(1)	4,723,869
	Hyundai Auto Receivables Trust 2020-B	0.480%, $5,995,000 par, due 12/16/2024		(1)	6,020,155
	IBM Credit LLC	3.000%, $387,000 par, due 2/6/2023		(1)	409,842
	Illinois Tool Works Inc	3.500%, $660,000 par, due 3/1/2024		(1)	718,123
	Intel Corp	3.400%, $2,855,000 par, due 3/25/2025		(1)	3,174,948
	International Business Machines Corp	3.000%, $418,000 par, due 5/15/2024		(1)	452,811
	Iowa Stud Ln Liq Co	0.395%, $918,712 par, due 9/25/2037		(1)	896,444
	Jackson National Life Global Funding	2.375%, $870,000 par, due 9/15/2022		(1)	899,344
	Jackson National Life Global Funding	3.300%, $690,000 par, due 2/1/2022		(1)	711,902
	John Deere Capital Corp	2.700%, $164,000 par, due 1/6/2023		(1)	171,912
	John Deere Owner Trust 2018	2.660%, $292,129 par, due 4/18/2022		(1)	292,862
	John Deere Owner Trust 2019-A	2.910%, $1,439,500 par, due 7/17/2023		(1)	1,467,059
	John Deere Owner Trust 2019-B	2.210%, $1,565,000 par, due 12/15/2023		(1)	1,595,205
	John Deere Owner Trust 2020	1.100%, $3,220,000 par, due 8/15/2024		(1)	3,260,398
	John Deere Owner Trust 2020-B	0.510%, $3,260,000 par, due 11/15/2024		(1)	3,270,481
	JPMBB Comml Mtg Sec Tr	3.157%, $710,413 par, due 7/15/2045		(1)	722,641
	JPMBB Comml Mtg Sec Tr	3.761%, $920,637 par, due 8/15/2046		(1)	956,573
	JPMorgan Chase & Co	3.797%, $99,000 par, due 7/23/2024		(1)	107,391
	JPMorgan Chase & Co	3.220%, $870,000 par, due 3/1/2025		(1)	938,144
	JPMorgan Chase & Co	3.207%, $1,960,000 par, due 4/1/2023		(1)	2,031,173
	JPMorgan Chase & Co	4.023%, $1,280,000 par, due 12/5/2024		(1)	1,410,084
	JPMorgan Chase & Co	1.514%, $3,380,000 par, due 6/1/2024		(1)	3,470,229
	JPMorgan Chase & Co	1.099%, $670,000 par, due 7/23/2024		(1)	678,941
	JPMorgan Chase & Co	2.776%, $139,000 par, due 4/25/2023		(1)	143,495
	JPMorgan Chase Comml Mtg Sec Tr	3.414%, $266,226 par, due 1/15/2046		(1)	275,154
	JPMorgan Chase Comml Mtg Sec Tr	4.166%, $630,000 par, due 12/15/2046		(1)	684,201
	JPMorgan Chase Comml Mtg Sec Tr 2013-C13	3.994%, $3,604,579 par, due 1/15/2046		(1)	3,863,453
	JPMorgan Comm Mtg Sec Tr	3.144%, $114,949 par, due 5/15/2045		(1)	116,779
	JPMorgan Comm Mtg Sec Tr	4.388%, $970,630 par, due 7/15/2046		(1)	977,632
	JPMorgan Comm Mtg Sec Tr	3.483%, $870,712 par, due 6/15/2045		(1)	884,435
	JPMorgan Comm Mtg Sec Tr	1.453%, $325,250 par, due 6/15/2045		(1)	325,597
	Kaiser Foundation Hospitals	3.500%, $3,675,000 par, due 4/1/2022		(1)	3,817,090
	Keller Independent School District/TX	0.000%, $3,305,000 par, due 2/15/2025		(1)	3,205,090
	KeyBank NA/Cleveland OH	1.250%, $1,820,000 par, due 3/10/2023		(1)	1,855,650
	KeyBank NA/Cleveland OH	3.300%, $530,000 par, due 2/1/2022		(1)	546,956
	Kubota Credit Owner Trust 2018-1	3.100%, $480,893 par, due 8/15/2022		(1)	486,072
	Lake Central Multi-District School Building Corp	0.983%, $1,000,000 par, due 1/15/2025		(1)	1,020,050
	Lake Central Multi-District School Building Corp	1.053%, $1,200,000 par, due 7/15/2025		(1)	1,230,600
	Leland Stanford Junior Uni Board of Trustees	6.875%, $1,185,000 par, due 2/1/2024		(1)	1,401,200
	Lincoln Airport Authority	2.123%, $500,000 par, due 7/1/2022		(1)	512,535

35 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Lincoln Airport Authority	2.303%, $500,000 par, due 7/1/2023		(1)	$	522,105
	Lincoln Airport Authority	1.911%, $710,000 par, due 7/1/2021		(1)	715,275
	Los Angeles Community College District/CA	0.673%, $1,430,000 par, due 8/1/2024		(1)	1,442,384
	Lowe's Cos Inc	4.000%, $370,000 par, due 4/15/2025		(1)	420,398
	M&T Bank Corp	0.895%, $512,000 par, due 7/26/2023		(1)	516,613
	Manufacturers & Traders Trust Co	0.830%, $1,870,000 par, due 5/18/2022		(1)	1,882,963
	Marathon Petroleum Corp	4.500%, $655,000 par, due 5/1/2023		(1)	711,216
	Marathon Petroleum Corp	5.125%, $1,500,000 par, due 3/1/2021		(1)	1,510,610
	Marathon Petroleum Corp	4.750%, $1,100,000 par, due 12/15/2023		(1)	1,217,707
	Marsh & McLennan Cos Inc	3.300%, $800,000 par, due 3/14/2023		(1)	846,966
	Marsh & McLennan Cos Inc	3.875%, $420,000 par, due 3/15/2024		(1)	463,242
	Marsh & McLennan Cos Inc	2.750%, $225,000 par, due 1/30/2022		(1)	230,349
	Massachusetts Water Resources Authority	1.772%, $500,000 par, due 8/1/2023		(1)	518,890
	MassMutual Global Funding II	0.850%, $520,000 par, due 6/9/2023		(1)	526,355
	MassMutual Global Funding II	2.250%, $1,842,000 par, due 7/1/2022		(1)	1,894,037
	Maxim Integrated Products Inc	3.375%, $94,000 par, due 3/15/2023		(1)	98,958
	McCormick & Co Inc/MD	2.700%, $2,797,000 par, due 8/15/2022		(1)	2,895,619
	McCormick & Co Inc/MD	3.900%, $451,000 par, due 7/15/2021		(1)	455,412
	McDonald's Corp	3.350%, $886,000 par, due 4/1/2023		(1)	943,834
	McDonald's Corp	3.300%, $690,000 par, due 7/1/2025		(1)	768,361
	Mercedes-Benz Auto Lease Trust 2018-B	3.210%, $389,757 par, due 9/15/2021		(1)	390,483
	Mercedes-Benz Auto Lease Trust 2019-A	3.100%, $732,235 par, due 11/15/2021		(1)	735,249
	Mercedes-Benz Auto Lease Trust 2020-A	1.840%, $3,010,000 par, due 12/15/2022		(1)	3,052,053
	Mercedes-Benz Auto Receivables Trust 2018-1	3.030%, $310,269 par, due 1/17/2023		(1)	313,752
	Mercedes-Benz Auto Receivables Trust 2020-1	0.550%, $5,065,000 par, due 2/18/2025		(1)	5,091,191
	METLIFE SECURITIZATION TRUST 2019-1	3.750%, $274,570 par, due 4/25/2058		(1)	294,331
	Metropolitan Life Global Funding I	3.000%, $320,000 par, due 1/10/2023		(1)	337,354
	Metropolitan Life Global Funding I	3.600%, $260,000 par, due 1/11/2024		(1)	283,105
	Microchip Technology Inc	3.922%, $815,000 par, due 6/1/2021		(1)	826,572
	Microchip Technology Inc	4.333%, $220,000 par, due 6/1/2023		(1)	238,153
	Mill City Mortgage Loan Trust 2017-1	2.750%, $396,446 par, due 11/25/2058		(1)	402,481
	Mitsubishi UFJ Financial Group Inc	2.665%, $193,000 par, due 7/25/2022		(1)	199,680
	Mitsubishi UFJ Financial Group Inc	3.455%, $99,000 par, due 3/2/2023		(1)	105,484
	Mitsubishi UFJ Financial Group Inc	3.535%, $1,561,000 par, due 7/26/2021		(1)	1,589,307
	Mitsubishi UFJ Financial Group Inc	3.761%, $139,000 par, due 7/26/2023		(1)	150,697
	Mitsubishi UFJ Financial Group Inc	3.218%, $2,010,000 par, due 3/7/2022		(1)	2,078,298
	Mitsubishi UFJ Financial Group Inc	1.412%, $1,260,000 par, due 7/17/2025		(1)	1,294,416
	Mitsubishi UFJ Financial Group Inc	0.848%, $1,480,000 par, due 9/15/2024		(1)	1,488,825
	Mitsubishi UFJ Financial Group Inc	1.075%, $300,000 par, due 7/26/2023		(1)	303,255
	MMAF Equipment Finance LLC 2016-A	1.760%, $530,823 par, due 1/17/2023		(1)	532,945
	MMAF Equipment Finance LLC 2017-A	2.410%, $342,111 par, due 8/16/2024		(1)	345,907
	MMAF Equipment Finance LLC 2018-A	3.200%, $2,671,006 par, due 9/12/2022		(1)	2,697,881
	MMAF Equipment Finance LLC 2019-A	2.840%, $1,435,000 par, due 11/13/2023		(1)	1,470,380
	MMAF Equipment Finance LLC 2019-B	2.010%, $4,385,000 par, due 12/12/2024		(1)	4,513,524
	MMAF Equipment Finance LLC 2020-A	0.970%, $4,125,000 par, due 4/9/2027		(1)	4,165,029
	MO State Higher Ed Std Asst	1.152%, $867,339 par, due 5/20/2030		(1)	868,723
	Mondelez International Holdings Netherlands BV	2.125%, $1,225,000 par, due 9/19/2022		(1)	1,260,093
	Mondelez International Inc	2.125%, $215,000 par, due 4/13/2023		(1)	223,309
	Monongahela Power Co	4.100%, $1,103,000 par, due 4/15/2024		(1)	1,188,390
	Morgan Stanley	2.625%, $1,753,000 par, due 11/17/2021		(1)	1,787,601
	Morgan Stanley	3.750%, $2,000,000 par, due 2/25/2023		(1)	2,144,342
	Morgan Stanley	3.875%, $757,000 par, due 4/29/2024		(1)	838,618
	Morgan Stanley	2.750%, $153,000 par, due 5/19/2022		(1)	158,007
	Morgan Stanley	1.146%, $1,246,000 par, due 7/22/2022		(1)	1,251,345
	Morgan Stanley	3.125%, $800,000 par, due 1/23/2023		(1)	844,296
	Morgan Stanley BAML Trust	3.824%, $164,125 par, due 10/15/2046		(1)	170,646
	Morgan Stanley BAML Trust 2014-C15	4.051%, $945,000 par, due 4/15/2047		(1)	1,032,462
	Morgan Stanley Barclays Bank Trust	2.200%, $1,400,000 par, due 9/13/2031		(1)	1,398,190
	MPLX LP	3.375%, $730,000 par, due 3/15/2023		(1)	773,139
	National Australia Bank Ltd/New York	3.700%, $700,000 par, due 11/4/2021		(1)	719,957
	Navient Student Loan Trust 2016-3	0.998%, $1,712 par, due 6/25/2065		(1)	1,712
	Navient Student Loan Trust 2016-6	0.898%, $1,358,987 par, due 3/25/2066		(1)	1,361,681
	NC State Edu Asst Auth	0.648%, $79,145 par, due 12/26/2039		(1)	78,725
	New York Life Global Funding	2.875%, $1,940,000 par, due 4/10/2024		(1)	2,085,034
	New York Life Global Funding	0.750%, $738,000 par, due 6/10/2022		(1)	742,517
	NextEra Energy Capital Holdings Inc	2.403%, $1,500,000 par, due 9/1/2021		(1)	1,520,625
	NextEra Energy Capital Holdings Inc	3.150%, $171,000 par, due 4/1/2024		(1)	184,850
	NextEra Energy Capital Holdings Inc	2.900%, $1,400,000 par, due 4/1/2022		(1)	1,444,647

36 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	NIKE Inc	2.400%, $615,000 par, due 3/27/2025		(1)	$	662,781
	Nissan Auto Lease Trust 2019-B	2.270%, $2,555,000 par, due 7/15/2022		(1)	2,576,309
	Nissan Auto Lease Trust 2020-A	1.840%, $6,085,000 par, due 1/17/2023		(1)	6,176,963
	Nissan Auto Lease Trust 2020-B	0.430%, $4,835,000 par, due 10/16/2023		(1)	4,841,943
	Nissan Auto Receivables 2018-B Owner Trust	3.060%, $371,503 par, due 3/15/2023		(1)	376,606
	Nissan Auto Receivables 2019-A Owner Trust	2.900%, $2,673,655 par, due 10/16/2023		(1)	2,723,856
	Nissan Auto Receivables 2019-C Owner Trust	1.930%, $4,645,000 par, due 7/15/2024		(1)	4,739,735
	Nissan Auto Receivables 2020-B Owner Trust	0.550%, $3,810,000 par, due 7/15/2024		(1)	3,825,754
	North Carolina State Education Assistance Auth	0.950%, $3,025,542 par, due 7/25/2039		(1)	3,020,611
	North TX Highed Ed Auth	1.155%, $1,793,196 par, due 12/1/2034		(1)	1,803,560
	Northern States Power Co/MN	2.600%, $277,000 par, due 5/15/2023		(1)	288,540
	Northrop Grumman Corp	2.550%, $2,699,000 par, due 10/15/2022		(1)	2,801,335
	Northstar Edu Fin Inc	0.848%, $1,319,832 par, due 12/26/2031		(1)	1,323,996
	Nutrien Ltd	1.900%, $910,000 par, due 5/13/2023		(1)	939,981
	Oklahoma Water Resources Board	0.700%, $1,610,000 par, due 10/1/2024		(1)	1,613,413
	Oklahoma Water Resources Board	1.884%, $2,565,000 par, due 4/1/2024		(1)	2,675,244
	Oncor Electric Delivery Co LLC	2.750%, $1,628,000 par, due 6/1/2024		(1)	1,746,007
	Oracle Corp	2.500%, $2,380,000 par, due 4/1/2025		(1)	2,557,926
	Oracle Corp	2.625%, $2,436,000 par, due 2/15/2023		(1)	2,549,793
	Otis Worldwide Corp	2.056%, $670,000 par, due 4/5/2025		(1)	710,095
	Otis Worldwide Corp	0.704%, $1,030,000 par, due 4/5/2023		(1)	1,030,244
	PA State Higher Ed Asst	0.698%, $109,483 par, due 4/25/2030		(1)	108,344
	PA State Higher Ed Asst	1.315%, $410,502 par, due 1/25/2028		(1)	413,527
	PACCAR Financial Corp	2.650%, $350,000 par, due 4/6/2023		(1)	368,736
	PACCAR Financial Corp	2.300%, $173,000 par, due 8/10/2022		(1)	178,806
	Pacific Life Global Funding II	0.500%, $750,000 par, due 9/23/2023		(1)	751,994
	PacifiCorp	2.950%, $640,000 par, due 6/1/2023		(1)	675,066
	PacifiCorp	3.600%, $225,000 par, due 4/1/2024		(1)	245,133
	Packaging Corp of America	4.500%, $337,000 par, due 11/1/2023		(1)	371,638
	Packaging Corp of America	3.650%, $1,695,000 par, due 9/15/2024		(1)	1,857,218
	Parker-Hannifin Corp	3.500%, $630,000 par, due 9/15/2022		(1)	661,640
	Parker-Hannifin Corp	2.700%, $456,000 par, due 6/14/2024		(1)	489,057
	PayPal Holdings Inc	1.350%, $560,000 par, due 6/1/2023		(1)	573,392
	PeaceHealth Obligated Group	1.375%, $455,000 par, due 11/15/2025		(1)	464,408
	PepsiCo Inc	2.250%, $100,000 par, due 3/19/2025		(1)	106,819
	Petroleos Mexicanos	0.652%, $1,470,625 par, due 2/15/2024		(1)	1,472,550
	Petroleos Mexicanos	0.587%, $445,500 par, due 4/15/2025		(1)	446,227
	Petroleos Mexicanos	1.950%, $1,580,000 par, due 12/20/2022		(1)	1,608,903
	Petroleos Mexicanos	1.700%, $2,000,000 par, due 12/20/2022		(1)	2,024,242
	PHEAA Student Loan Trust 2013-1	0.648%, $917,075 par, due 11/25/2036		(1)	891,602
	PHEAA Student Loan Trust 2016-1	1.298%, $1,074,159 par, due 9/25/2065		(1)	1,091,247
	Phillips 66	0.900%, $830,000 par, due 2/15/2024		(1)	832,010
	Phillips 66	0.833%, $405,000 par, due 2/26/2021		(1)	405,047
	Phillips 66	3.700%, $365,000 par, due 4/6/2023		(1)	390,908
	Phillips 66	3.850%, $365,000 par, due 4/9/2025		(1)	409,460
	PNC Bank NA	3.500%, $250,000 par, due 6/8/2023		(1)	268,379
	PNC Bank NA	2.028%, $2,130,000 par, due 12/9/2022		(1)	2,162,723
	PNC Bank NA	2.232%, $1,550,000 par, due 7/22/2022		(1)	1,566,542
	Pomona Redevelopment Agency Successor Agency	3.406%, $425,000 par, due 2/1/2021		(1)	425,829
	Pomona Redevelopment Agency Successor Agency	3.632%, $400,000 par, due 2/1/2023		(1)	421,704
	Portland Community College District	0.572%, $3,445,000 par, due 6/15/2024		(1)	3,452,476
	Premier Air Leasing EXIN	3.576%, $57,084 par, due 2/6/2022		(1)	58,029
	Providence Health & Services Obligated Group	4.379%, $1,225,000 par, due 10/1/2023		(1)	1,346,864
	PSNH Funding LLC 3	3.094%, $1,392,280 par, due 2/1/2026		(1)	1,449,528
	Public Service Co of Colorado	2.250%, $1,680,000 par, due 9/15/2022		(1)	1,719,661
	Public Service Co of Colorado	2.500%, $750,000 par, due 3/15/2023		(1)	776,763
	Public Service Electric and Gas Co	3.250%, $2,195,000 par, due 9/1/2023		(1)	2,350,233
	Public Service Electric and Gas Co	2.375%, $2,050,000 par, due 5/15/2023		(1)	2,141,553
	Raytheon Technologies Corp	3.650%, $33,000 par, due 8/16/2023		(1)	35,580
	Raytheon Technologies Corp	3.200%, $330,000 par, due 3/15/2024		(1)	356,429
	Realty Income Corp	3.250%, $663,000 par, due 10/15/2022		(1)	691,208
	Reckitt Benckiser Treasury Services PLC	2.750%, $1,240,000 par, due 6/26/2024		(1)	1,326,137
	Reckitt Benckiser Treasury Services PLC	2.375%, $979,000 par, due 6/24/2022		(1)	1,006,760
	Regions Financial Corp	2.250%, $500,000 par, due 5/18/2025		(1)	530,239
	Regions Financial Corp	3.800%, $790,000 par, due 8/14/2023		(1)	856,995
	Reliance Industries Ltd	2.512%, $2,373,250 par, due 1/15/2026		(1)	2,485,813
	Reliance Industries Ltd	2.444%, $3,473,684 par, due 1/15/2026		(1)	3,633,727
	Reliance Industries Ltd	1.870%, $210,158 par, due 1/15/2026		(1)	216,696

37 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	RELX Capital Inc	3.500%, $1,410,000 par, due 3/16/2023		(1)	$	1,499,637
	RI State Std Ln Authority	0.805%, $452,821 par, due 9/1/2036		(1)	452,581
	Rockwall Independent School District	4.000%, $2,000,000 par, due 2/15/2025		(1)	2,283,760
	Roper Technologies Inc	1.000%, $570,000 par, due 9/15/2025		(1)	576,878
	Roper Technologies Inc	0.450%, $710,000 par, due 8/15/2022		(1)	711,152
	Roper Technologies Inc	2.350%, $440,000 par, due 9/15/2024		(1)	469,558
	Roper Technologies Inc	3.650%, $765,000 par, due 9/15/2023		(1)	830,058
	Royal Bank of Canada	1.950%, $1,840,000 par, due 1/17/2023		(1)	1,900,170
	Royal Bank of Canada	3.350%, $2,240,000 par, due 10/22/2021		(1)	2,294,636
	Royal Bank of Canada	2.300%, $1,479,000 par, due 3/22/2021		(1)	1,485,657
	Royal Bank of Canada	3.700%, $1,439,000 par, due 10/5/2023		(1)	1,568,968
	Royal Bank of Canada	0.914%, $1,300,000 par, due 10/5/2023		(1)	1,312,974
	Ryder System Inc	2.875%, $1,060,000 par, due 6/1/2022		(1)	1,094,985
	Ryder System Inc	3.650%, $292,000 par, due 3/18/2024		(1)	319,076
	Salvation Army/United States	3.140%, $255,000 par, due 9/1/2021		(1)	258,925
	Salvation Army/United States	3.396%, $230,000 par, due 9/1/2023		(1)	247,844
	San Diego Gas & Electric Co	1.914%, $157,719 par, due 2/1/2022		(1)	158,555
	San Ramon Valley Unified School District/CA	0.580%, $2,690,000 par, due 8/1/2024		(1)	2,700,626
	SANFORD HEALTH	2.396%, $1,250,000 par, due 11/1/2023		(1)	1,307,050
	SANFORD HEALTH	2.496%, $1,345,000 par, due 11/1/2024		(1)	1,427,556
	Santa Ana Community Redevelopment Agency	3.467%, $780,000 par, due 9/1/2022		(1)	820,973
	Santa Monica Community College District	3.254%, $430,000 par, due 8/1/2025		(1)	483,505
	Santander Retail Auto Lease Trust 2019-B	2.290%, $1,633,425 par, due 4/20/2022		(1)	1,642,719
	Santander Retail Auto Lease Trust 2019-C	1.860%, $2,910,000 par, due 2/21/2023		(1)	2,964,062
	Santander Retail Auto Lease Trust 2020-A	1.740%, $5,560,000 par, due 7/20/2023		(1)	5,682,720
	Santander Retail Auto Lease Trust 2020-B	0.570%, $5,075,000 par, due 4/22/2024		(1)	5,091,504
	Sayarra Ltd	2.575%, $103,418 par, due 4/14/2022		(1)	104,978
	SBA Small Business Investment Cos	3.644%, $26,936 par, due 9/10/2023		(1)	27,327
	SBA Small Business Investment Cos	2.517%, $373,206 par, due 3/10/2025		(1)	385,489
	SBA Small Business Investment Cos	2.829%, $3,374,963 par, due 9/10/2025		(1)	3,553,323
	SBA Small Business Investment Cos	2.507%, $1,727,891 par, due 3/10/2026		(1)	1,806,676
	SC State Std Ln Corp	0.905%, $554,336 par, due 5/1/2030		(1)	554,027
	SC State Std Ln Corp	0.648%, $738,140 par, due 1/25/2041		(1)	733,136
	Schlumberger Finance Canada Ltd	2.650%, $680,000 par, due 11/20/2022		(1)	705,361
	Schlumberger Investment SA	2.400%, $1,808,000 par, due 8/1/2022		(1)	1,853,272
	Seasoned Credit Risk Transfer Trust Series 2018-3	3.500%, $161,420 par, due 8/25/2057		(1)	174,821
	Seasoned Credit Risk Transfer Trust Series 2020-2	2.500%, $4,874,234 par, due 11/25/2059		(1)	5,132,568
	Seasoned Credit Risk Transfer Trust Series 2020-3	2.500%, $1,997,327 par, due 5/25/2060		(1)	2,102,259
	Seasoned Credit Risk Transfer Trust Series 2020-3	2.500%, $2,832,330 par, due 5/25/2060		(1)	2,968,358
	Sempra Energy	2.900%, $79,000 par, due 2/1/2023		(1)	82,885
	Shell International Finance BV	3.400%, $2,220,000 par, due 8/12/2023		(1)	2,396,197
	Shell International Finance BV	3.500%, $274,000 par, due 11/13/2023		(1)	298,265
	Shell International Finance BV	0.621%, $1,080,000 par, due 11/13/2023		(1)	1,086,016
	Shell International Finance BV	0.375%, $550,000 par, due 9/15/2023		(1)	551,209
	Shell International Finance BV	2.375%, $535,000 par, due 4/6/2025		(1)	573,788
	Sherwin-Williams Co/The	2.750%, $83,000 par, due 6/1/2022		(1)	85,643
	Simon Property Group LP	2.750%, $2,500,000 par, due 6/1/2023		(1)	2,627,643
	Simon Property Group LP	2.500%, $83,000 par, due 7/15/2021		(1)	83,486
	Simon Property Group LP	2.350%, $950,000 par, due 1/30/2022		(1)	964,679
	SLCC Student Loan Trust I	1.368%, $36,152 par, due 10/25/2027		(1)	36,332
	SLM Student Loan Trust 2005-4	0.335%, $282,649 par, due 1/25/2027		(1)	280,988
	SLM Student Loan Trust 2005-8	0.765%, $183,371 par, due 1/25/2028		(1)	183,409
	SLM Student Loan Trust 2008-9	1.715%, $418,905 par, due 4/25/2023		(1)	418,707
	Southern California Edison Co	1.845%, $257,143 par, due 2/1/2022		(1)	257,697
	Starbucks Corp	1.300%, $300,000 par, due 5/7/2022		(1)	304,197
	State of Hawaii	0.852%, $4,225,000 par, due 10/1/2025		(1)	4,274,982
	State of Hawaii	2.255%, $1,500,000 par, due 10/1/2023		(1)	1,578,915
	State of Louisiana	0.650%, $2,095,000 par, due 6/1/2024		(1)	2,107,340
	State of Maine	1.250%, $690,000 par, due 6/1/2022		(1)	697,224
	State of Maine	1.250%, $400,000 par, due 6/1/2023		(1)	406,200
	State of Maryland	0.660%, $1,000,000 par, due 8/1/2025		(1)	1,010,490
	State of New York	1.950%, $1,500,000 par, due 2/15/2023		(1)	1,539,180
	State of Utah	4.554%, $1,160,000 par, due 7/1/2024		(1)	1,253,972
	State of Utah	3.539%, $1,340,000 par, due 7/1/2025		(1)	1,457,813
	State of Washington	3.250%, $750,000 par, due 8/1/2026		(1)	850,710
	State Street Corp	3.776%, $63,000 par, due 12/3/2024		(1)	69,258
	State Street Corp	2.653%, $1,080,000 par, due 5/15/2023		(1)	1,113,760
	Student Loan Corp	1.015%, $1,118,275 par, due 4/25/2037		(1)	1,124,078

38 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Student Loan Corp	0.848%, $2,071,098 par, due 7/25/2036		(1)	$	2,054,469
	Sumitomo Mitsui Financial Group Inc	3.936%, $2,523,000 par, due 10/16/2023		(1)	2,764,297
	Sumitomo Mitsui Financial Group Inc	1.030%, $1,310,000 par, due 10/16/2023		(1)	1,321,059
	Sumitomo Mitsui Financial Group Inc	2.784%, $975,000 par, due 7/12/2022		(1)	1,010,810
	Sutter Health	1.321%, $1,040,000 par, due 8/15/2025		(1)	1,057,521
	Tagua Leasing LLC	1.900%, $6,052,103 par, due 7/12/2024		(1)	6,191,174
	Tagua Leasing LLC	1.732%, $184,794 par, due 9/18/2024		(1)	189,709
	Target Corp	2.250%, $760,000 par, due 4/15/2025		(1)	813,548
	Texas Tech University System	0.938%, $1,250,000 par, due 2/15/2025		(1)	1,263,150
	Thermo Fisher Scientific Inc	3.000%, $350,000 par, due 4/15/2023		(1)	369,385
	Thermo Fisher Scientific Inc	4.133%, $435,000 par, due 3/25/2025		(1)	494,611
	Toronto-Dominion Bank/The	3.350%, $740,000 par, due 10/22/2021		(1)	757,977
	Toronto-Dominion Bank/The	1.900%, $1,860,000 par, due 12/1/2022		(1)	1,917,850
	Toronto-Dominion Bank/The	2.650%, $736,000 par, due 6/12/2024		(1)	788,639
	Toronto-Dominion Bank/The	0.750%, $720,000 par, due 6/12/2023		(1)	727,623
	Toronto-Dominion Bank/The	3.250%, $497,000 par, due 3/11/2024		(1)	539,747
	Toronto-Dominion Bank/The	2.250%, $2,168,000 par, due 3/15/2021		(1)	2,176,848
	Total Capital Canada Ltd	2.750%, $387,000 par, due 7/15/2023		(1)	411,003
	Total Capital International SA	2.700%, $600,000 par, due 1/25/2023		(1)	629,057
	Total Capital International SA	2.434%, $1,273,000 par, due 1/10/2025		(1)	1,358,720
	Total Capital International SA	3.700%, $402,000 par, due 1/15/2024		(1)	440,372
	Towd Point Mortgage Trust 2015-4	3.500%, $112,862 par, due 4/25/2055		(1)	113,503
	Towd Point Mortgage Trust 2015-5	2.750%, $12,783 par, due 5/25/2055		(1)	12,876
	Towd Point Mortgage Trust 2015-6	3.500%, $182,782 par, due 4/25/2055		(1)	186,781
	Towd Point Mortgage Trust 2016-1	2.750%, $389,002 par, due 2/25/2055		(1)	393,230
	Towd Point Mortgage Trust 2016-2	2.750%, $710,611 par, due 8/25/2055		(1)	718,570
	Towd Point Mortgage Trust 2016-3	2.250%, $448,884 par, due 4/25/2056		(1)	453,142
	Towd Point Mortgage Trust 2016-4	2.250%, $63,102 par, due 7/25/2056		(1)	64,077
	Towd Point Mortgage Trust 2017-1	2.750%, $1,102,564 par, due 10/25/2056		(1)	1,130,020
	Towd Point Mortgage Trust 2017-2	2.750%, $399,709 par, due 4/25/2057		(1)	408,611
	Towd Point Mortgage Trust 2017-5	0.748%, $424,689 par, due 2/25/2057		(1)	423,328
	Towd Point Mortgage Trust 2017-6	2.750%, $787,899 par, due 10/25/2057		(1)	811,208
	Towd Point Mortgage Trust 2018-1	3.000%, $367,091 par, due 1/25/2058		(1)	381,502
	Towd Point Mortgage Trust 2018-2	3.250%, $2,677,390 par, due 3/25/2058		(1)	2,802,545
	Towd Point Mortgage Trust 2018-3	3.750%, $1,578,356 par, due 5/25/2058		(1)	1,679,761
	Towd Point Mortgage Trust 2019-HY3	1.148%, $2,511,949 par, due 10/25/2059		(1)	2,522,901
	Toyota Auto Loan Extended Note Trust 2019-1	2.560%, $3,565,000 par, due 11/25/2031		(1)	3,807,088
	Toyota Auto Loan Extended Note Trust 2020-1	1.350%, $2,710,000 par, due 5/25/2033		(1)	2,790,452
	Toyota Auto Receivables 2018-B Owner Trust	2.960%, $761,874 par, due 9/15/2022		(1)	769,991
	Toyota Auto Receivables 2019-A Owner Trust	2.910%, $2,198,251 par, due 7/17/2023		(1)	2,236,584
	Toyota Auto Receivables 2020-B Owner Trust	1.380%, $3,590,290 par, due 12/15/2022		(1)	3,608,328
	Toyota Auto Receivables 2020-C Owner Trust	0.360%, $4,565,000 par, due 2/15/2023		(1)	4,567,725
	Toyota Motor Corp	3.419%, $405,000 par, due 7/20/2023		(1)	436,446
	Toyota Motor Corp	2.157%, $380,000 par, due 7/2/2022		(1)	390,057
	Toyota Motor Credit Corp	3.350%, $198,000 par, due 1/8/2024		(1)	214,906
	Toyota Motor Credit Corp	2.900%, $2,430,000 par, due 3/30/2023		(1)	2,570,687
	Toyota Motor Credit Corp	1.350%, $760,000 par, due 8/25/2023		(1)	780,263
	Transportation Finance Equipment Trust 2019-1	1.850%, $4,520,000 par, due 4/24/2023		(1)	4,583,601
	Tricahue Leasing LLC	3.744%, $84,367 par, due 2/26/2022		(1)	86,144
	Truist Bank	3.200%, $315,000 par, due 4/1/2024		(1)	341,921
	Truist Bank	3.502%, $970,000 par, due 8/2/2022		(1)	987,606
	Truist Financial Corp	3.050%, $1,110,000 par, due 6/20/2022		(1)	1,152,071
	Truist Financial Corp	2.200%, $2,105,000 par, due 3/16/2023		(1)	2,185,108
	TSMC Global Ltd	0.750%, $2,220,000 par, due 9/28/2025		(1)	2,211,209
	Tyco Electronics Group SA	3.450%, $440,000 par, due 8/1/2024		(1)	476,216
	Tyco Electronics Group SA	3.500%, $1,039,000 par, due 2/3/2022		(1)	1,067,482
	UBS AG/London	1.750%, $200,000 par, due 4/21/2022		(1)	203,559
	UBS Commercial Mortgage Trust 2012-C1	3.002%, $56,238 par, due 5/10/2045		(1)	56,647
	UBS Commercial Mortgage Trust 2012-C1	3.400%, $447,347 par, due 5/10/2045		(1)	455,970
	UBS Group AG	1.171%, $555,000 par, due 8/15/2023		(1)	560,382
	UBS Group AG	3.491%, $250,000 par, due 5/23/2023		(1)	260,156
	UBS Group AG	1.433%, $2,325,000 par, due 5/23/2023		(1)	2,351,665
	UBS Group AG	1.008%, $780,000 par, due 7/30/2024		(1)	787,542
	UBS-Barclays Commercial Mortgage Trust 2012-C3	3.091%, $3,708,823 par, due 8/10/2049		(1)	3,834,842
	UBS-Barclays Commercial Mortgage Trust 2012-C4	2.459%, $651,401 par, due 12/10/2045		(1)	658,959
	UBS-Barclays Commercial Mortgage Trust 2012-C4	2.850%, $630,000 par, due 12/10/2045		(1)	653,033
	Union Pacific Corp	4.163%, $27,000 par, due 7/15/2022		(1)	28,325
	Union Pacific Corp	3.150%, $94,000 par, due 3/1/2024		(1)	101,697

39 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Union Pacific Corp	2.950%, $700,000 par, due 3/1/2022		(1)	$	721,671
	Union Pacific Corp	3.200%, $278,000 par, due 6/8/2021		(1)	281,446
	Union Pacific Corp	3.500%, $1,822,000 par, due 6/8/2023		(1)	1,953,312
	United Parcel Service Inc	3.900%, $880,000 par, due 4/1/2025		(1)	994,214
	United Parcel Service Inc	2.500%, $950,000 par, due 4/1/2023		(1)	993,615
	United States Small Business Administration	5.630%, $765,707 par, due 10/1/2028		(1)	843,933
	United States Small Business Administration	5.510%, $177,896 par, due 11/1/2027		(1)	196,043
	United States Small Business Administration	6.770%, $294,331 par, due 11/1/2028		(1)	329,147
	United States Small Business Administration	5.290%, $555,585 par, due 12/1/2027		(1)	599,594
	United States Small Business Administration	4.760%, $769,846 par, due 9/1/2025		(1)	809,289
	United States Small Business Administration	1.880%, $91,811 par, due 3/1/2025		(1)	94,225
	United States Small Business Administration	5.720%, $157,675 par, due 1/1/2029		(1)	173,995
	United States Treasury Note/Bond	0.250%, $27,750,000 par, due 11/15/2023		(1)	27,828,033
	United States Treasury Note/Bond	0.125%, $30,625,000 par, due 12/15/2023		(1)	30,589,108
	United States Treasury Note/Bond	0.125%, $15,575,000 par, due 8/15/2023		(1)	15,566,480
	United States Treasury Note/Bond	1.375%, $34,000,000 par, due 2/15/2023		(1)	34,896,478
	United States Treasury Note/Bond	0.500%, $58,500,000 par, due 3/15/2023		(1)	58,975,313
	United States Treasury Note/Bond	1.500%, $17,250,000 par, due 1/15/2023		(1)	17,731,120
	United States Treasury Note/Bond	0.125%, $15,000,000 par, due 7/15/2023		(1)	14,992,965
	United States Treasury Note/Bond	1.625%, $17,000,000 par, due 12/15/2022		(1)	17,496,723
	United States Treasury Note/Bond	0.125%, $38,850,000 par, due 10/15/2023		(1)	38,822,688
	United States Treasury Note/Bond	0.125%, $30,175,000 par, due 5/15/2023		(1)	30,166,762
	United States Treasury Note/Bond	1.625%, $20,890,000 par, due 11/15/2022		(1)	21,471,828
	United States Treasury Note/Bond	0.125%, $22,000,000 par, due 9/15/2023		(1)	21,984,534
	United States Treasury Note/Bond	0.250%, $14,800,000 par, due 4/15/2023		(1)	14,836,423
	UnitedHealth Group Inc	3.500%, $1,435,000 par, due 6/15/2023		(1)	1,548,597
	UnitedHealth Group Inc	3.500%, $1,390,000 par, due 2/15/2024		(1)	1,521,383
	University of Michigan	1.004%, $2,710,000 par, due 4/1/2025		(1)	2,753,387
	US Bancorp	3.375%, $292,000 par, due 2/5/2024		(1)	317,881
	US Bank NA/Cincinnati OH	3.400%, $472,000 par, due 7/24/2023		(1)	506,829
	USAA Capital Corp	1.500%, $240,000 par, due 5/1/2023		(1)	246,181
	Utah State Board of Regents	0.898%, $594,267 par, due 12/26/2031		(1)	591,949
	Ventas Realty LP	2.650%, $430,000 par, due 1/15/2025		(1)	460,204
	Ventas Realty LP	3.100%, $1,517,000 par, due 1/15/2023		(1)	1,591,864
	Verizon Communications Inc	1.219%, $1,802,000 par, due 3/16/2022		(1)	1,821,656
	Verizon Owner Trust 2018-1	2.820%, $624,144 par, due 9/20/2022		(1)	626,706
	Verizon Owner Trust 2018-A	3.230%, $3,647,957 par, due 4/20/2023		(1)	3,696,383
	Verizon Owner Trust 2019-A	2.930%, $2,794,000 par, due 9/20/2023		(1)	2,848,192
	Verizon Owner Trust 2019-B	2.330%, $4,020,000 par, due 12/20/2023		(1)	4,099,572
	Verizon Owner Trust 2019-C	1.940%, $7,890,000 par, due 4/22/2024		(1)	8,059,280
	Verizon Owner Trust 2020-A	1.850%, $7,875,000 par, due 7/22/2024		(1)	8,064,055
	Verizon Owner Trust 2020-B	0.470%, $6,240,000 par, due 2/20/2025		(1)	6,262,090
	Verizon Owner Trust 2020-C	0.410%, $3,095,000 par, due 4/21/2025		(1)	3,100,713
	Vermont Std Asst Corp	0.848%, $663,671 par, due 7/28/2034		(1)	663,677
	Vodafone Group PLC	3.750%, $1,666,000 par, due 1/16/2024		(1)	1,820,533
	Volkswagen Auto Lease Trust 2019-A	1.990%, $2,160,000 par, due 11/21/2022		(1)	2,192,121
	Volkswagen Auto Loan Enhanced Trust 2018-1	3.020%, $1,161,729 par, due 11/21/2022		(1)	1,175,462
	Volkswagen Auto Loan Enhanced Trust 2018-2	3.250%, $836,964 par, due 4/20/2023		(1)	851,828
	Volkswagen Auto Loan Enhanced Trust 2020-1	0.930%, $4,511,811 par, due 12/20/2022		(1)	4,523,212
	Volkswagen Group of America Finance LLC	2.700%, $880,000 par, due 9/26/2022		(1)	912,336
	Volvo Financial Equipment LLC Series 2019-2	2.040%, $3,180,000 par, due 11/15/2023		(1)	3,241,266
	Walt Disney Co/The	1.750%, $730,000 par, due 8/30/2024		(1)	761,300
	Walt Disney Co/The	3.350%, $2,460,000 par, due 3/24/2025		(1)	2,727,139
*	Wells Fargo Commercial Mortgage Trust 2013-LC12	4.218%, $607,000 par, due 7/15/2046		(1)	651,999
	Welltower Inc	3.950%, $130,000 par, due 9/1/2023		(1)	141,047
	Welltower Inc	3.625%, $2,496,000 par, due 3/15/2024		(1)	2,720,370
	Westpac Banking Corp	3.300%, $252,000 par, due 2/26/2024		(1)	273,906
	Westpac Banking Corp	1.003%, $1,190,000 par, due 2/26/2024		(1)	1,211,189
	WestRock RKT LLC	4.900%, $2,080,000 par, due 3/1/2022		(1)	2,185,612
	WFRBS Commercial Mortgage Trust 2011-C5	3.667%, $3,366,879 par, due 11/15/2044		(1)	3,407,359
	WFRBS Commercial Mortgage Trust 2012-C10	2.875%, $1,850,000 par, due 12/15/2045		(1)	1,916,450
	WFRBS Commercial Mortgage Trust 2012-C10	2.453%, $521,867 par, due 12/15/2045		(1)	530,465
	WFRBS Commercial Mortgage Trust 2012-C8	2.559%, $62,231 par, due 8/15/2045		(1)	62,724
	WFRBS Commercial Mortgage Trust 2012-C8	1.153%, $214,630 par, due 8/15/2045		(1)	214,889
	WFRBS Commercial Mortgage Trust 2013-C12	2.838%, $125,327 par, due 3/15/2048		(1)	128,238
	WFRBS Commercial Mortgage Trust 2013-C17	4.023%, $382,000 par, due 12/15/2046		(1)	413,148
	Windermere Aviation LLC	2.351%, $699,595 par, due 5/27/2026		(1)	734,404
	World Omni Auto Receivables Trust	1.100%, $7,520,000 par, due 4/15/2025		(1)	7,623,204

40 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
			Description of investment, including
			maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value	shares	Cost	Current value
		World Omni Auto Receivables Trust 2017-B	1.950%, $1,301,458 par, due 2/15/2023		(1)	$	1,310,229
		World Omni Auto Receivables Trust 2018-B	2.870%, $1,253,344 par, due 7/17/2023		(1)	1,271,092
		World Omni Auto Receivables Trust 2018-C	3.130%, $2,189,495 par, due 11/15/2023		(1)	2,226,292
		World Omni Auto Receivables Trust 2019-C	1.960%, $5,115,000 par, due 12/16/2024		(1)	5,217,499
		World Omni Auto Receivables Trust 2020-C	0.480%, $7,820,000 par, due 11/17/2025		(1)	7,847,159
		World Omni Automobile Lease Sec Trust 2018-B	3.190%, $1,079,818 par, due 12/15/2021		(1)	1,083,435
		World Omni Automobile Lease Sec Trust 2019-A	2.940%, $1,175,000 par, due 5/16/2022		(1)	1,185,757
		World Omni Automobile Lease Sec Trust 2019-B	2.030%, $2,900,000 par, due 11/15/2022		(1)	2,949,004
		World Omni Select Auto Trust 2019-A	2.000%, $5,370,000 par, due 8/15/2024		(1)	5,455,383
		World Omni Select Auto Trust 2020-A	0.470%, $4,425,000 par, due 6/17/2024		(1)	4,431,965
		WRKCo Inc	3.000%, $720,000 par, due 9/15/2024		(1)	775,261
		Xcel Energy Inc	2.400%, $730,000 par, due 3/15/2021		(1)	731,626
		Yale University	0.873%, $3,670,000 par, due 4/15/2025		(1)	3,727,931
*		Wells Fargo/BlackRock Short Term Investment Fund S	55,873,512 shares		(1)	55,873,512
						1,623,207,155
			Accrued income receivable			4,638,893
			Payable for securities purchased on a forward commitment basis			(50,508,995)
			Receivable for investment payments due			2,155,251
			Cash			1,697
			Adjustment from fair value to current value			(74,532,183)
			Total			1,504,961,818

	American General Life Ins. Co.		2.00%		(1)	—
	Massachsetts Mutual Life Ins. Co.		2.31%		(1)	—
	Nationwide Life Insurance Co.		2.36%		(1)	—
	Pacific Life Ins. Co.		2.46%		(1)	—
	Prudential Ins. Co. of America		2.52%		(1)	—
	Royal Bank of Canada		2.18%		(1)	—
	State Street Bank and TrustCo.		2.34%		(1)	—
	Transamerica Premier Life Ins. Co.		2.37%		(1)	—
	Voya Ins. and Annuity Co.		2.15%		(1)	—
		3M Co	2.000%, $1,240,000 par, due 2/14/2025		(1)	1,314,476
		ABB Treasury Center USA Inc	4.000%, $1,500,000 par, due 6/15/2021		(1)	1,524,899
		AbbVie Inc	2.950%, $1,120,000 par, due 11/21/2026		(1)	1,238,551
		AbbVie Inc	3.200%, $720,000 par, due 11/21/2029		(1)	806,901
		AbbVie Inc	2.600%, $3,370,000 par, due 11/21/2024		(1)	3,611,953
		AbbVie Inc	3.800%, $1,170,000 par, due 3/15/2025		(1)	1,304,758
		Access Group Inc 2013-1	0.648%, $551,678 par, due 2/25/2036		(1)	546,371
		Advocate Health & Hospitals Corp	3.829%, $1,830,000 par, due 8/15/2028		(1)	2,107,893
		Advocate Health & Hospitals Corp	2.211%, $940,000 par, due 6/15/2030		(1)	979,784
		AEP Texas Inc	2.400%, $417,000 par, due 10/1/2022		(1)	430,138
		AIG Global Funding	2.700%, $2,250,000 par, due 12/15/2021		(1)	2,300,483
		AIG Global Funding	0.900%, $2,020,000 par, due 9/22/2025		(1)	2,024,072
		Air Products and Chemicals Inc	1.850%, $515,000 par, due 5/15/2027		(1)	545,132
		Alexandria Real Estate Equities Inc	4.300%, $780,000 par, due 1/15/2026		(1)	906,872
		Alexandria Real Estate Equities Inc	3.450%, $1,600,000 par, due 4/30/2025		(1)	1,779,072
		Alexandria Real Estate Equities Inc	3.800%, $1,010,000 par, due 4/15/2026		(1)	1,161,339
		Alliant Energy Finance LLC	3.750%, $884,000 par, due 6/15/2023		(1)	947,139
		Amal Ltd/Cayman Islands	3.465%, $298,830 par, due 8/21/2021		(1)	302,410
		American Express Co	3.700%, $990,000 par, due 8/3/2023		(1)	1,072,060
		American Express Co	3.400%, $1,000,000 par, due 2/22/2024		(1)	1,085,281
		American Express Co	3.400%, $1,285,000 par, due 2/27/2023		(1)	1,366,675
		American Express Credit Account Master Trust	3.060%, $839,000 par, due 2/15/2024		(1)	851,830
		American Express Credit Account Master Trust	3.180%, $517,000 par, due 4/15/2024		(1)	527,665
		American Honda Finance Corp	2.400%, $990,000 par, due 6/27/2024		(1)	1,051,576
		American Honda Finance Corp	3.625%, $1,720,000 par, due 10/10/2023		(1)	1,871,362
		American Honda Finance Corp	1.650%, $528,000 par, due 7/12/2021		(1)	531,802
		American Honda Finance Corp	3.450%, $766,000 par, due 7/14/2023		(1)	825,006
		Amphenol Corp	3.200%, $1,335,000 par, due 4/1/2024		(1)	1,437,998
		Amphenol Corp	4.350%, $440,000 par, due 6/1/2029		(1)	538,630
		Anglo American Capital PLC	4.875%, $1,240,000 par, due 5/14/2025		(1)	1,434,379
		Anglo American Capital PLC	3.625%, $200,000 par, due 9/11/2024		(1)	217,573
		Anheuser-Busch InBev Worldwide Inc	3.650%, $1,070,000 par, due 2/1/2026		(1)	1,209,496
		Anheuser-Busch InBev Worldwide Inc	4.150%, $310,000 par, due 1/23/2025		(1)	352,994
		Apple Inc	3.000%, $2,400,000 par, due 2/9/2024		(1)	2,581,822
		Apple Inc	2.850%, $870,000 par, due 5/11/2024		(1)	938,077
		Apple Inc	1.125%, $475,000 par, due 5/11/2025		(1)	488,473
		Archer-Daniels-Midland Co	3.250%, $970,000 par, due 3/27/2030		(1)	1,121,796
		Ascension Health	2.532%, $1,743,000 par, due 11/15/2029		(1)	1,909,638

41 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	AT&T Inc	4.500%, $870,000 par, due 5/15/2035		(1)	$	1,055,688
	AT&T Inc	1.400%, $320,000 par, due 6/12/2024		(1)	327,834
	AT&T Inc	2.250%, $2,730,000 par, due 2/1/2032		(1)	2,769,364
	AvalonBay Communities Inc	2.950%, $562,000 par, due 9/15/2022		(1)	583,235
	AvalonBay Communities Inc	3.450%, $560,000 par, due 6/1/2025		(1)	623,353
	BAE Systems Holdings Inc	3.850%, $1,200,000 par, due 12/15/2025		(1)	1,360,818
	BAE Systems Holdings Inc	3.800%, $1,000,000 par, due 10/7/2024		(1)	1,112,023
	BAE Systems PLC	4.750%, $1,485,000 par, due 10/11/2021		(1)	1,532,688
	Baker Hughes a GE Co LLC	2.773%, $1,318,000 par, due 12/15/2022		(1)	1,376,511
	Bank of America Corp	2.015%, $1,740,000 par, due 2/13/2026		(1)	1,823,591
	Bank of America Corp	4.000%, $1,500,000 par, due 4/1/2024		(1)	1,665,092
	Bank of America Corp	3.124%, $303,000 par, due 1/20/2023		(1)	311,699
	Bank of America Corp	3.864%, $193,000 par, due 7/23/2024		(1)	209,251
	Bank of America Corp	4.271%, $2,180,000 par, due 7/23/2029		(1)	2,595,826
	Bank of America Corp	3.458%, $1,700,000 par, due 3/15/2025		(1)	1,850,946
	Bank of America Corp	2.456%, $620,000 par, due 10/22/2025		(1)	660,938
	Bank of America Corp	2.881%, $1,643,000 par, due 4/24/2023		(1)	1,695,438
	Bank of America Corp	1.197%, $1,510,000 par, due 10/24/2026		(1)	1,530,106
	Bank of America Corp	1.319%, $2,020,000 par, due 6/19/2026		(1)	2,063,089
	Bank of Montreal	1.750%, $1,100,000 par, due 6/15/2021		(1)	1,107,358
	Bank of Montreal	3.300%, $2,181,000 par, due 2/5/2024		(1)	2,365,528
	Bank of New York Mellon Corp/The	3.450%, $1,118,000 par, due 8/11/2023		(1)	1,208,517
	Bank of New York Mellon Corp/The	3.500%, $590,000 par, due 4/28/2023		(1)	632,721
	Bank of Nova Scotia/The	1.875%, $1,045,000 par, due 4/26/2021		(1)	1,050,341
	Bank of Nova Scotia/The	2.200%, $2,300,000 par, due 2/3/2025		(1)	2,443,867
	Bank of Nova Scotia/The	4.500%, $210,000 par, due 12/16/2025		(1)	244,848
	Bank of Nova Scotia/The	3.400%, $2,269,000 par, due 2/11/2024		(1)	2,469,065
	Barbers Hill Independent School District	4.000%, $2,175,000 par, due 2/15/2027		(1)	2,542,162
	Baxter International Inc	3.950%, $385,000 par, due 4/1/2030		(1)	460,118
	Bayer US Finance II LLC	4.375%, $1,200,000 par, due 12/15/2028		(1)	1,411,460
	Bayer US Finance II LLC	4.250%, $790,000 par, due 12/15/2025		(1)	903,033
	Bayer US Finance II LLC	3.875%, $556,000 par, due 12/15/2023		(1)	605,662
	Black Hills Corp	4.250%, $710,000 par, due 11/30/2023		(1)	778,204
	Black Hills Corp	3.150%, $630,000 par, due 1/15/2027		(1)	685,324
	BMW US Capital LLC	3.150%, $3,362,000 par, due 4/18/2024		(1)	3,625,150
	BNP Paribas SA	4.400%, $1,510,000 par, due 8/14/2028		(1)	1,789,456
	BNP Paribas SA	4.705%, $1,283,000 par, due 1/10/2025		(1)	1,425,965
	Boeing Co/The	2.700%, $1,420,000 par, due 2/1/2027		(1)	1,477,009
	Boeing Co/The	5.040%, $270,000 par, due 5/1/2027		(1)	315,649
	Boeing Co/The	5.150%, $1,780,000 par, due 5/1/2030		(1)	2,154,247
	Boston Properties LP	2.750%, $1,150,000 par, due 10/1/2026		(1)	1,253,785
	Boston Properties LP	3.850%, $1,162,000 par, due 2/1/2023		(1)	1,236,216
	Boston Properties LP	3.650%, $1,550,000 par, due 2/1/2026		(1)	1,763,985
	Boston Properties LP	3.125%, $165,000 par, due 9/1/2023		(1)	175,019
	BP Capital Markets America Inc	3.790%, $678,000 par, due 2/6/2024		(1)	740,944
	BP Capital Markets America Inc	3.796%, $600,000 par, due 9/21/2025		(1)	680,374
	BP Capital Markets America Inc	3.224%, $286,000 par, due 4/14/2024		(1)	309,385
	BP Capital Markets America Inc	2.750%, $275,000 par, due 5/10/2023		(1)	290,053
	BP Capital Markets America Inc	3.216%, $1,200,000 par, due 11/28/2023		(1)	1,286,934
	BP Capital Markets PLC	3.814%, $560,000 par, due 2/10/2024		(1)	615,022
	BP Capital Markets PLC	3.279%, $865,000 par, due 9/19/2027		(1)	971,248
	Bristol-Myers Squibb Co	3.200%, $1,030,000 par, due 6/15/2026		(1)	1,158,887
	Bristol-Myers Squibb Co	2.900%, $2,660,000 par, due 7/26/2024		(1)	2,886,778
	Brown-Forman Corp	3.500%, $950,000 par, due 4/15/2025		(1)	1,051,998
	Burlington Northern Santa Fe LLC	3.400%, $1,840,000 par, due 9/1/2024		(1)	2,018,909
	Canadian Natural Resources Ltd	2.950%, $1,320,000 par, due 1/15/2023		(1)	1,380,562
	Canadian Pacific Railway Co	2.900%, $460,000 par, due 2/1/2025		(1)	497,994
	Canadian Pacific Railway Co	4.500%, $775,000 par, due 1/15/2022		(1)	807,062
	Capital One Bank USA NA	2.280%, $930,000 par, due 1/28/2026		(1)	972,888
	Capital One Financial Corp	3.900%, $650,000 par, due 1/29/2024		(1)	711,995
	Capital One Financial Corp	3.200%, $230,000 par, due 1/30/2023		(1)	242,328
	Cardinal Health Inc	2.616%, $468,000 par, due 6/15/2022		(1)	481,709
	Cargill Inc	2.125%, $755,000 par, due 4/23/2030		(1)	794,316
	Cargill Inc	3.250%, $1,610,000 par, due 3/1/2023		(1)	1,707,389
	Carmax Auto Owner Trust 2018-4	3.360%, $1,964,182 par, due 9/15/2023		(1)	2,005,574
	Carrier Global Corp	2.493%, $1,870,000 par, due 2/15/2027		(1)	2,017,803
	Caterpillar Financial Services Corp	3.650%, $1,329,000 par, due 12/7/2023		(1)	1,457,312
	Caterpillar Financial Services Corp	1.100%, $420,000 par, due 9/14/2027		(1)	424,350

42 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Caterpillar Financial Services Corp	2.850%, $985,000 par, due 5/17/2024		(1)	$	1,060,349
	Caterpillar Financial Services Corp	2.150%, $500,000 par, due 11/8/2024		(1)	532,629
	Caterpillar Inc	2.600%, $110,000 par, due 4/9/2030		(1)	121,259
	CenterPoint Energy Houston Electric LLC	2.250%, $853,000 par, due 8/1/2022		(1)	874,833
	Cherokee County Board of Education	5.626%, $1,000,000 par, due 8/1/2028		(1)	1,254,010
	Chevron Corp	2.895%, $810,000 par, due 3/3/2024		(1)	867,983
	Chevron Corp	1.995%, $390,000 par, due 5/11/2027		(1)	413,591
	Chevron Corp	1.554%, $90,000 par, due 5/11/2025		(1)	93,598
	Chevron Phillips Chemical Co LLC	3.300%, $209,000 par, due 5/1/2023		(1)	221,218
	Children's Hospital Medical Center/Cincinnati OH	2.853%, $1,775,000 par, due 11/15/2026		(1)	1,914,107
	CHRISTUS Health	4.341%, $1,500,000 par, due 7/1/2028		(1)	1,778,507
	Cigna Corp	3.750%, $691,000 par, due 7/15/2023		(1)	747,019
	Cimarex Energy Co	3.900%, $640,000 par, due 5/15/2027		(1)	705,368
	Cintas Corp No 2	4.300%, $440,000 par, due 6/1/2021		(1)	447,104
	Cintas Corp No 2	3.250%, $780,000 par, due 6/1/2022		(1)	805,596
	Cintas Corp No 2	2.900%, $231,000 par, due 4/1/2022		(1)	237,763
	Cintas Corp No 2	3.700%, $850,000 par, due 4/1/2027		(1)	979,356
	Citigroup Inc	3.200%, $1,300,000 par, due 10/21/2026		(1)	1,452,968
	Citigroup Inc	2.750%, $790,000 par, due 4/25/2022		(1)	813,612
	Citigroup Inc	3.352%, $1,144,000 par, due 4/24/2025		(1)	1,243,729
	Citigroup Inc	3.142%, $370,000 par, due 1/24/2023		(1)	380,467
	Citigroup Inc	3.668%, $880,000 par, due 7/24/2028		(1)	997,660
	Citigroup Inc	4.044%, $1,325,000 par, due 6/1/2024		(1)	1,440,997
	Citigroup Inc	3.400%, $760,000 par, due 5/1/2026		(1)	855,439
	Citigroup Inc	3.300%, $380,000 par, due 4/27/2025		(1)	421,406
	Citigroup Inc	3.520%, $500,000 par, due 10/27/2028		(1)	565,278
	Citigroup Inc	2.572%, $2,050,000 par, due 6/3/2031		(1)	2,185,013
	Citizens Bank NA/Providence RI	3.750%, $260,000 par, due 2/18/2026		(1)	295,432
	Citizens Bank NA/Providence RI	3.700%, $1,720,000 par, due 3/29/2023		(1)	1,839,320
	City & County of Honolulu HI	3.753%, $425,000 par, due 9/1/2030		(1)	495,244
	City of Boston MA	4.400%, $950,000 par, due 4/1/2026		(1)	958,332
	City of Chicago IL	6.050%, $315,000 par, due 1/1/2029		(1)	327,735
	City of Houston TX	3.725%, $735,000 par, due 3/1/2030		(1)	834,681
	City of Phoenix Civic Improvement Corp	1.455%, $835,000 par, due 7/1/2028		(1)	845,045
	City of Worcester MA	6.250%, $1,145,000 par, due 1/1/2028		(1)	1,330,055
	CLEVELAND CLINIC HEALTH SYSTEM	2.885%, $3,475,000 par, due 1/1/2032		(1)	3,846,061
	Clorox Co/The	3.100%, $1,200,000 par, due 10/1/2027		(1)	1,349,672
	Coast Community College District	2.788%, $3,610,000 par, due 8/1/2033		(1)	3,978,581
	COLUMBUS GA WATER & SEWER	2.379%, $2,075,000 par, due 5/1/2026		(1)	2,228,965
	Comcast Corp	3.950%, $1,570,000 par, due 10/15/2025		(1)	1,803,742
	Comcast Corp	3.000%, $1,265,000 par, due 2/1/2024		(1)	1,360,817
	Comcast Corp	3.400%, $750,000 par, due 4/1/2030		(1)	867,266
	Comerica Inc	3.700%, $844,000 par, due 7/31/2023		(1)	910,545
	COMM 2012-LC4 A4 9.6-Yr CMBS	3.288%, $2,123,647 par, due 12/10/2044		(1)	2,153,019
	COMM 2013-CCRE11 Mortgage Trust	4.258%, $3,900,000 par, due 8/10/2050		(1)	4,257,466
	Comm 2013-CCRE13 Mortgage Trust	4.194%, $990,000 par, due 11/10/2046		(1)	1,085,235
	COMM 2013-CCRE6 Mortgage Trust	3.101%, $2,880,000 par, due 3/10/2046		(1)	2,985,952
	COMM 2013-CCRE7 Mortgage Trust	3.213%, $463,611 par, due 3/10/2046		(1)	487,855
	COMM 2013-CCRE8 Mortgage Trust	3.612%, $2,165,000 par, due 6/10/2046		(1)	2,307,886
	COMM 2013-LC6 Mortgage Trust	2.941%, $800,768 par, due 1/10/2046		(1)	832,026
	COMM 2014-CCRE17 Mortgage Trust	3.977%, $2,355,000 par, due 5/10/2047		(1)	2,596,590
	COMM 2014-CCRE18 Mortgage Trust	3.828%, $4,505,000 par, due 7/15/2047		(1)	4,962,375
	COMM 2014-CCRE19 Mortgage Trust	3.796%, $2,420,133 par, due 8/10/2047		(1)	2,670,822
	COMM 2014-CR14 Mortgage Trust	4.236%, $6,235,000 par, due 2/10/2047		(1)	6,849,721
	Commonwealth of Massachusetts	0.986%, $1,365,000 par, due 11/1/2026		(1)	1,404,640
	Commonwealth of Massachusetts	4.500%, $2,000,000 par, due 8/1/2031		(1)	2,564,900
	Commonwealth of Pennsylvania	4.650%, $750,000 par, due 2/15/2026		(1)	843,525
	Contra Costa Community College District	2.048%, $2,740,000 par, due 8/1/2026		(1)	2,896,399
	Cooperatieve Rabobank UA	2.625%, $535,000 par, due 7/22/2024		(1)	572,121
	Cooperatieve Rabobank UA	3.875%, $300,000 par, due 9/26/2023		(1)	327,240
	Cooperatieve Rabobank UA	1.004%, $870,000 par, due 9/24/2026		(1)	876,214
	Cooperatieve Rabobank UA/NY	2.750%, $2,075,000 par, due 1/10/2023		(1)	2,176,420
	County of Baltimore MD	2.778%, $1,000,000 par, due 7/1/2030		(1)	1,126,800
	County of Baltimore MD	2.847%, $550,000 par, due 8/1/2026		(1)	612,112
	County of Broward FL Airport System Revenue	2.384%, $1,500,000 par, due 10/1/2026		(1)	1,546,125
	County of Cumberland ME	5.000%, $1,560,000 par, due 12/1/2026		(1)	1,892,826
	County of Cuyahoga OH	2.141%, $2,455,000 par, due 12/1/2027		(1)	2,596,825
	County of Lee County FL Water & Sewer Revenue	2.416%, $2,140,000 par, due 10/1/2028		(1)	2,301,570

43 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	County of Monroe PA	2.470%, $2,175,000 par, due 12/15/2025		(1)	$	2,357,896
	County of Montgomery MD	1.250%, $1,245,000 par, due 11/1/2028		(1)	1,269,041
	County of Spokane WA	2.728%, $1,195,000 par, due 12/1/2031		(1)	1,315,516
	County of Spokane WA	2.828%, $875,000 par, due 12/1/2032		(1)	962,281
	Credit Suisse AG/New York NY	3.625%, $330,000 par, due 9/9/2024		(1)	366,171
	Credit Suisse Group AG	3.574%, $700,000 par, due 1/9/2023		(1)	721,216
	Credit Suisse Group AG	3.869%, $340,000 par, due 1/12/2029		(1)	385,084
	Credit Suisse Group AG	2.593%, $640,000 par, due 9/11/2025		(1)	673,455
	Credit Suisse Group AG	2.997%, $816,000 par, due 12/14/2023		(1)	853,199
	Credit Suisse Group AG	4.207%, $950,000 par, due 6/12/2024		(1)	1,029,251
	CRH America Finance Inc	3.950%, $370,000 par, due 4/4/2028		(1)	430,582
	CRH America Finance Inc	3.400%, $410,000 par, due 5/9/2027		(1)	456,824
	CRH America Inc	3.875%, $740,000 par, due 5/18/2025		(1)	831,197
	Crowley Conro LLC	4.181%, $1,536,599 par, due 8/15/2043		(1)	1,839,492
	CVS Health Corp	3.500%, $340,000 par, due 7/20/2022		(1)	354,915
	CVS Health Corp	4.300%, $1,083,000 par, due 3/25/2028		(1)	1,288,728
	CVS Health Corp	3.000%, $400,000 par, due 8/15/2026		(1)	442,603
	CVS Health Corp	1.300%, $2,530,000 par, due 8/21/2027		(1)	2,541,749
	Daimler Finance North America LLC	2.000%, $483,000 par, due 7/6/2021		(1)	486,827
	Daimler Finance North America LLC	3.000%, $285,000 par, due 2/22/2021		(1)	285,940
	Daimler Finance North America LLC	3.350%, $150,000 par, due 2/22/2023		(1)	158,745
	Daimler Finance North America LLC	2.125%, $2,040,000 par, due 3/10/2025		(1)	2,142,357
	Daimler Finance North America LLC	2.200%, $470,000 par, due 10/30/2021		(1)	476,557
	Daimler Finance North America LLC	2.700%, $1,640,000 par, due 6/14/2024		(1)	1,755,869
	Danone SA	2.589%, $1,760,000 par, due 11/2/2023		(1)	1,851,967
	DBUBS 2011-LC1 Mortgage Trust	5.002%, $285,891 par, due 11/10/2046		(1)	285,867
	DBUBS 2011-LC2 Mortgage Trust	4.537%, $1,559,594 par, due 7/10/2044		(1)	1,567,487
	Denver City & County School District No 1	3.587%, $1,255,000 par, due 12/1/2032		(1)	1,419,116
	Diageo Capital PLC	2.000%, $620,000 par, due 4/29/2030		(1)	646,542
	Diageo Capital PLC	3.500%, $1,048,000 par, due 9/18/2023		(1)	1,129,403
	Diageo Capital PLC	2.125%, $750,000 par, due 10/24/2024		(1)	791,594
	Digital Realty Trust LP	4.750%, $580,000 par, due 10/1/2025		(1)	678,970
	Digital Realty Trust LP	4.450%, $990,000 par, due 7/15/2028		(1)	1,190,313
	DTE Electric Co	2.625%, $950,000 par, due 3/1/2031		(1)	1,051,741
	Duke Energy Carolinas LLC	2.500%, $1,073,000 par, due 3/15/2023		(1)	1,119,840
	Duke Energy Carolinas LLC	3.050%, $1,701,000 par, due 3/15/2023		(1)	1,796,962
	Duke Energy Progress LLC	3.700%, $730,000 par, due 9/1/2028		(1)	854,423
	Duke Energy Progress LLC	3.375%, $110,000 par, due 9/1/2023		(1)	118,337
	Duke Energy Progress LLC	3.450%, $350,000 par, due 3/15/2029		(1)	406,553
	Duke Realty LP	3.250%, $1,200,000 par, due 6/30/2026		(1)	1,344,185
	Duke Realty LP	4.000%, $1,020,000 par, due 9/15/2028		(1)	1,202,141
	Duke Realty LP	3.750%, $1,820,000 par, due 12/1/2024		(1)	2,009,857
	Duke University Health System Inc	2.552%, $2,674,000 par, due 6/1/2029		(1)	2,829,787
	DuPont de Nemours Inc	4.493%, $770,000 par, due 11/15/2025		(1)	898,860
	DuPont de Nemours Inc	4.725%, $2,610,000 par, due 11/15/2028		(1)	3,215,348
	Ecolab Inc	4.800%, $1,080,000 par, due 3/24/2030		(1)	1,378,070
	Ecolab Inc	3.250%, $520,000 par, due 1/14/2023		(1)	547,252
	EdLinc Student Loan Funding Trust 2012-1	1.148%, $174,892 par, due 9/25/2030		(1)	175,571
	Edsouth Indenture No 2 LLC	1.298%, $100,801 par, due 9/25/2040		(1)	101,057
	Edsouth Indenture No 3 LLC	0.878%, $513,854 par, due 4/25/2039		(1)	510,728
	Edu Fund of South	1.198%, $2,319,169 par, due 3/25/2036		(1)	2,330,067
	Edu Fund of South	0.865%, $726,495 par, due 4/25/2035		(1)	726,542
	EMD Finance LLC	3.250%, $2,210,000 par, due 3/19/2025		(1)	2,421,055
	EMD Finance LLC (Merck KGaA)	2.950%, $780,000 par, due 3/19/2022		(1)	800,842
	Emerson Electric Co	0.875%, $160,000 par, due 10/15/2026		(1)	161,046
	Emerson Electric Co	1.950%, $865,000 par, due 10/15/2030		(1)	912,608
	Entergy Arkansas LLC	3.500%, $1,610,000 par, due 4/1/2026		(1)	1,818,300
	Entergy Arkansas LLC	3.050%, $1,943,000 par, due 6/1/2023		(1)	2,048,458
	Enterprise Products Operating LLC	3.750%, $420,000 par, due 2/15/2025		(1)	470,259
	Enterprise Products Operating LLC	2.800%, $880,000 par, due 1/31/2030		(1)	953,761
	Enterprise Products Operating LLC	3.500%, $99,000 par, due 2/1/2022		(1)	102,343
	Equifax Inc	2.600%, $730,000 par, due 12/1/2024		(1)	781,871
	Equifax Inc	2.300%, $479,000 par, due 6/1/2021		(1)	481,692
	Equifax Inc	3.950%, $905,000 par, due 6/15/2023		(1)	977,743
	Equinor ASA	3.000%, $990,000 par, due 4/6/2027		(1)	1,102,217
	Equinor ASA	1.750%, $200,000 par, due 1/22/2026		(1)	210,096
	ERP Operating LP	4.625%, $1,304,000 par, due 12/15/2021		(1)	1,341,586
	Ethiopian Leasing 2012 LLC	2.566%, $655,298 par, due 8/14/2026		(1)	689,378

44 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Ethiopian Leasing 2012 LLC	2.646%, $1,014,078 par, due 5/12/2026		(1)	$	1,069,724
	Evergy Metro Inc	2.250%, $1,080,000 par, due 6/1/2030		(1)	1,144,223
	Experian Finance PLC	4.250%, $600,000 par, due 2/1/2029		(1)	722,348
	Export Leasing 2009 LLC	1.859%, $158,361 par, due 8/28/2021		(1)	159,173
	Exxon Mobil Corp	2.992%, $1,470,000 par, due 3/19/2025		(1)	1,608,921
	Fannie Mae Grantor Trust 2002-T16	7.000%, $59,513 par, due 7/25/2042		(1)	72,269
	Fannie Mae Grantor Trust 2002-T18	7.000%, $28,988 par, due 8/25/2042		(1)	35,640
	Fannie Mae Grantor Trust 2004-T3	6.000%, $158,921 par, due 2/25/2044		(1)	187,123
	Fannie Mae or Freddie Mac	2.000%, $12,718,000 par, due 1/1/2051		(1)	13,211,319
	Fannie Mae or Freddie Mac	2.500%, $3,540,000 par, due 1/1/2051		(1)	3,731,659
	Fannie Mae or Freddie Mac	2.500%, $3,540,000 par, due 2/1/2051		(1)	3,725,450
	Fannie Mae or Freddie Mac	2.000%, $13,112,000 par, due 3/1/2051		(1)	13,576,060
	Fannie Mae Pool	3.500%, $233,731 par, due 8/1/2032		(1)	250,349
	Fannie Mae Pool	4.000%, $1,051,050 par, due 11/1/2045		(1)	1,160,468
	Fannie Mae Pool	5.000%, $247,164 par, due 9/1/2033		(1)	284,843
	Fannie Mae Pool	5.500%, $809,515 par, due 4/1/2033		(1)	949,151
	Fannie Mae Pool	3.621%, $191,986 par, due 4/1/2036		(1)	194,973
	Fannie Mae Pool	2.730%, $1,630,864 par, due 1/1/2023		(1)	1,698,891
	Fannie Mae Pool	3.092%, $579,250 par, due 11/1/2022		(1)	594,555
	Fannie Mae Pool	2.730%, $1,721,742 par, due 9/1/2023		(1)	1,813,146
	Fannie Mae Pool	3.080%, $1,100,000 par, due 1/1/2026		(1)	1,213,218
	Fannie Mae Pool	3.070%, $1,179,396 par, due 2/1/2026		(1)	1,301,742
	Fannie Mae Pool	3.000%, $1,015,088 par, due 5/1/2031		(1)	1,085,545
	Fannie Mae Pool	3.815%, $50,994 par, due 1/1/2041		(1)	53,161
	Fannie Mae Pool	3.750%, $57,237 par, due 3/1/2042		(1)	58,815
	Fannie Mae Pool	2.190%, $2,384,997 par, due 7/1/2023		(1)	2,481,587
	Fannie Mae Pool	2.708%, $1,537,442 par, due 4/1/2022		(1)	1,555,442
	Fannie Mae Pool	2.541%, $1,180,885 par, due 11/1/2022		(1)	1,207,307
	Fannie Mae Pool	2.548%, $2,713,850 par, due 5/1/2023		(1)	2,794,104
	Fannie Mae Pool	2.773%, $170,231 par, due 7/1/2035		(1)	173,376
	Fannie Mae Pool	3.604%, $248,634 par, due 5/1/2036		(1)	260,583
	Fannie Mae Pool	2.860%, $314,814 par, due 3/1/2044		(1)	325,349
	Fannie Mae Pool	2.871%, $284,444 par, due 3/1/2044		(1)	293,519
	Fannie Mae Pool	2.895%, $380,744 par, due 5/1/2044		(1)	393,589
	Fannie Mae Pool	3.346%, $504,087 par, due 11/1/2048		(1)	526,875
	Fannie Mae Pool	1.773%, $82,302 par, due 11/1/2041		(1)	82,716
	Fannie Mae Pool	2.691%, $24,818 par, due 5/1/2036		(1)	25,934
	Fannie Mae Pool	1.853%, $115,964 par, due 3/1/2034		(1)	120,371
	Fannie Mae Pool	1.944%, $28,825 par, due 4/1/2044		(1)	29,287
	Fannie Mae Pool	1.971%, $107,659 par, due 8/1/2034		(1)	111,336
	Fannie Mae Pool	2.114%, $51,126 par, due 1/1/2035		(1)	52,795
	Fannie Mae Pool	2.203%, $43,961 par, due 7/1/2035		(1)	45,470
	Fannie Mae Pool	2.133%, $57,217 par, due 7/1/2035		(1)	59,208
	Fannie Mae Pool	1.773%, $31,548 par, due 1/1/2037		(1)	32,430
	Fannie Mae Pool	1.381%, $33,725 par, due 4/1/2037		(1)	34,539
	Fannie Mae Pool	4.000%, $624,567 par, due 1/1/2041		(1)	681,507
	Fannie Mae Pool	4.000%, $3,343,847 par, due 11/1/2040		(1)	3,647,087
	Fannie Mae Pool	4.000%, $4,743,265 par, due 4/1/2041		(1)	5,173,346
	Fannie Mae Pool	4.000%, $7,987,852 par, due 8/1/2051		(1)	8,899,042
	Fannie Mae Pool	4.500%, $4,477,491 par, due 1/1/2051		(1)	5,023,002
	Fannie Mae Pool	3.410%, $1,045,563 par, due 11/1/2023		(1)	1,118,486
	Fannie Mae Pool	3.120%, $1,155,000 par, due 1/1/2024		(1)	1,235,479
	Fannie Mae Pool	2.800%, $1,890,000 par, due 4/1/2024		(1)	2,011,570
	Fannie Mae Pool	3.580%, $3,480,000 par, due 1/1/2026		(1)	3,897,819
	Fannie Mae Pool	2.890%, $1,937,397 par, due 2/1/2025		(1)	2,094,377
	Fannie Mae Pool	3.300%, $1,903,187 par, due 3/1/2026		(1)	2,111,609
	Fannie Mae Pool	2.337%, $2,635,177 par, due 6/1/2022		(1)	2,655,336
	Fannie Mae Pool	3.357%, $2,369,577 par, due 11/1/2026		(1)	2,636,616
	Fannie Mae Pool	3.385%, $961,844 par, due 12/1/2027		(1)	1,084,239
	Fannie Mae Pool	3.080%, $1,764,075 par, due 3/1/2027		(1)	1,965,398
	Fannie Mae Pool	2.840%, $2,888,412 par, due 1/1/2027		(1)	3,182,556
	Fannie Mae Pool	2.760%, $1,345,555 par, due 5/1/2025		(1)	1,452,959
	Fannie Mae Pool	2.510%, $402,769 par, due 7/1/2025		(1)	431,436
	Fannie Mae Pool	2.080%, $6,380,000 par, due 10/1/2026		(1)	6,789,953
	Fannie Mae Pool	2.190%, $5,050,000 par, due 11/1/2026		(1)	5,408,414
	Fannie Mae Pool	3.000%, $2,123,219 par, due 12/1/2049		(1)	2,258,759
	Fannie Mae Pool	3.000%, $479,563 par, due 2/1/2031		(1)	513,733
	Fannie Mae Pool	2.500%, $807,293 par, due 6/1/2031		(1)	858,559

45 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Fannie Mae Pool	2.500%, $736,809 par, due 6/1/2031		(1)	$	784,261
	Fannie Mae Pool	2.500%, $823,529 par, due 6/1/2031		(1)	875,852
	Fannie Mae Pool	2.500%, $839,545 par, due 6/1/2031		(1)	895,549
	Fannie Mae Pool	5.000%, $352,890 par, due 11/1/2033		(1)	407,917
	Fannie Mae Pool	5.500%, $102,275 par, due 4/1/2036		(1)	120,202
	Fannie Mae Pool	6.000%, $29,092 par, due 9/1/2038		(1)	30,571
	Fannie Mae Pool	5.000%, $489,529 par, due 10/1/2035		(1)	568,433
	Fannie Mae Pool	5.000%, $778,392 par, due 6/1/2035		(1)	903,397
	Fannie Mae Pool	5.000%, $1,594,213 par, due 3/1/2036		(1)	1,852,759
	Fannie Mae Pool	3.000%, $1,213,761 par, due 3/1/2033		(1)	1,277,442
	Fannie Mae Pool	2.500%, $1,221,525 par, due 9/1/2034		(1)	1,280,088
	Fannie Mae Pool	2.500%, $2,547,567 par, due 10/1/2034		(1)	2,685,688
	Fannie Mae Pool	2.500%, $1,976,030 par, due 10/1/2034		(1)	2,071,691
	Fannie Mae Pool	3.000%, $1,319,067 par, due 1/1/2035		(1)	1,419,186
	Fannie Mae Pool	3.000%, $1,287,451 par, due 1/1/2035		(1)	1,377,907
	Fannie Mae Pool	3.000%, $1,025,235 par, due 1/1/2035		(1)	1,082,506
	Fannie Mae Pool	2.500%, $2,852,200 par, due 12/1/2034		(1)	3,019,102
	Fannie Mae Pool	4.500%, $2,928,644 par, due 6/1/2056		(1)	3,350,820
	Fannie Mae Pool	4.500%, $1,852,592 par, due 6/1/2056		(1)	2,119,646
	Fannie Mae Pool	4.000%, $2,190,081 par, due 6/1/2056		(1)	2,441,509
	Fannie Mae Pool	4.000%, $3,866,103 par, due 7/1/2056		(1)	4,328,689
	Fannie Mae Pool	4.500%, $4,882,932 par, due 6/1/2056		(1)	5,586,851
	Fannie Mae Pool	3.500%, $2,471,550 par, due 11/1/2046		(1)	2,668,967
	Fannie Mae Pool	4.000%, $2,672,995 par, due 7/1/2056		(1)	2,979,847
	Fannie Mae Pool	3.500%, $829,568 par, due 4/1/2046		(1)	900,740
	Fannie Mae Pool	3.000%, $903,183 par, due 7/1/2032		(1)	946,644
	Fannie Mae Pool	4.500%, $2,253,047 par, due 11/1/2048		(1)	2,472,020
	Fannie Mae REMIC Trust 2005-W1	6.500%, $137,307 par, due 10/25/2044		(1)	164,861
	Fannie Mae REMICS	5.500%, $217,509 par, due 4/25/2035		(1)	254,865
	Fannie Mae Trust 2003-W6	6.500%, $75,796 par, due 9/25/2042		(1)	88,946
	Fannie Mae Trust 2003-W8	7.000%, $12,526 par, due 10/25/2042		(1)	14,988
	Fannie Mae Trust 2004-W2	7.000%, $77,773 par, due 2/25/2044		(1)	91,942
	Fannie Mae-Aces	2.614%, $692,354 par, due 10/25/2021		(1)	698,899
	Fannie Mae-Aces	2.263%, $268,692 par, due 2/25/2023		(1)	271,542
	Federal Realty Investment Trust	2.750%, $1,632,000 par, due 6/1/2023		(1)	1,705,786
	FedEx Corp	3.250%, $1,200,000 par, due 4/1/2026		(1)	1,340,633
	FedEx Corp	4.200%, $1,730,000 par, due 10/17/2028		(1)	2,054,797
	Fifth Third Bancorp	3.650%, $1,310,000 par, due 1/25/2024		(1)	1,428,721
	Fifth Third Bancorp	2.375%, $730,000 par, due 1/28/2025		(1)	776,895
	Fifth Third Bank NA	3.950%, $785,000 par, due 7/28/2025		(1)	896,744
	Fiserv Inc	3.800%, $1,630,000 par, due 10/1/2023		(1)	1,775,389
	Fiserv Inc	2.750%, $390,000 par, due 7/1/2024		(1)	418,779
	Fiserv Inc	3.200%, $570,000 par, due 7/1/2026		(1)	638,503
	Florida Gas Transmission Co LLC	4.350%, $1,780,000 par, due 7/15/2025		(1)	2,021,425
	Florida Water Pollution Control Financing Corp	2.300%, $2,650,000 par, due 1/15/2026		(1)	2,819,017
	FMC Corp	4.100%, $1,000,000 par, due 2/1/2024		(1)	1,088,507
	Ford Credit Auto Owner Trust	1.060%, $7,395,000 par, due 4/15/2033		(1)	7,465,911
	Ford Credit Auto Owner Trust 2017-REV2	2.360%, $2,617,000 par, due 3/15/2029		(1)	2,706,821
	Ford Credit Auto Owner Trust 2020-REV1	2.040%, $4,800,000 par, due 8/15/2031		(1)	5,060,093
	Ford Motor Credit Co LLC	3.350%, $1,300,000 par, due 11/1/2022		(1)	1,322,750
	Fortune Brands Home & Security Inc	4.000%, $983,000 par, due 9/21/2023		(1)	1,071,040
	Freddie Mac Gold Pool	6.000%, $158,049 par, due 8/1/2038		(1)	187,099
	Freddie Mac Gold Pool	6.000%, $51,271 par, due 9/1/2038		(1)	60,521
	Freddie Mac Gold Pool	6.000%, $271,512 par, due 8/1/2038		(1)	321,591
	Freddie Mac Gold Pool	3.500%, $159,203 par, due 2/1/2043		(1)	174,003
	Freddie Mac Gold Pool	3.000%, $2,244,608 par, due 1/1/2043		(1)	2,387,231
	Freddie Mac Gold Pool	4.000%, $1,456,986 par, due 4/1/2046		(1)	1,602,098
	Freddie Mac Gold Pool	4.000%, $1,156,984 par, due 1/1/2047		(1)	1,276,316
	Freddie Mac Gold Pool	3.500%, $186,710 par, due 12/1/2025		(1)	198,232
	Freddie Mac Gold Pool	4.000%, $166,557 par, due 2/1/2026		(1)	176,828
	Freddie Mac Gold Pool	3.000%, $952,649 par, due 8/1/2027		(1)	1,000,307
	Freddie Mac Multifam Struct PT Cert	0.633%, $128,494 par, due 9/25/2023		(1)	128,755
	Freddie Mac Multifam Struct PT Cert	3.062%, $5,800,000 par, due 11/25/2023		(1)	6,189,128
	Freddie Mac Multifamily Structured PT Certificates	2.862%, $6,240,000 par, due 5/25/2026		(1)	6,879,226
	Freddie Mac Multifamily Structured PT Certificates	2.282%, $4,105,000 par, due 7/25/2026		(1)	4,419,981
	Freddie Mac Non Gold Pool	2.882%, $66,853 par, due 12/1/2036		(1)	67,960
	Freddie Mac Non Gold Pool	2.869%, $407,492 par, due 1/1/2044		(1)	421,114
	Freddie Mac Non Gold Pool	2.687%, $486,457 par, due 8/1/2044		(1)	503,835

46 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Freddie Mac Non Gold Pool	2.864%, $1,129,935 par, due 7/1/2047		(1)	$	1,177,123
	Freddie Mac Non Gold Pool	2.980%, $334,742 par, due 8/1/2047		(1)	349,054
	Freddie Mac Non Gold Pool	2.547%, $1,635,260 par, due 10/1/2047		(1)	1,705,358
	Freddie Mac Non Gold Pool	2.622%, $50,928 par, due 7/1/2034		(1)	51,666
	Freddie Mac Non Gold Pool	3.531%, $66,478 par, due 2/1/2042		(1)	69,197
	Freddie Mac Non Gold Pool	2.252%, $29,978 par, due 11/1/2040		(1)	31,028
	Freddie Mac Pool	2.500%, $10,826,618 par, due 12/1/2034		(1)	11,411,613
	Freddie Mac Pool	2.500%, $2,426,361 par, due 1/1/2035		(1)	2,569,492
	Freddie Mac Pool	2.500%, $8,405,455 par, due 1/1/2035		(1)	8,869,066
	Freddie Mac Pool	3.000%, $899,674 par, due 1/1/2035		(1)	958,481
	Freddie Mac Pool	3.000%, $870,119 par, due 1/1/2035		(1)	936,609
	Freddie Mac Pool	3.000%, $712,667 par, due 1/1/2035		(1)	751,234
	Freddie Mac Pool	2.500%, $2,452,992 par, due 12/1/2034		(1)	2,598,133
	Freddie Mac Pool	3.500%, $258,820 par, due 8/1/2049		(1)	273,061
	Freddie Mac Pool	3.000%, $5,514,659 par, due 11/1/2049		(1)	5,893,009
	Freddie Mac Pool	3.000%, $5,239,413 par, due 12/1/2049		(1)	5,598,250
	Freddie Mac Pool	3.000%, $5,744,127 par, due 1/1/2050		(1)	6,119,098
	Freddie Mac Pool	2.000%, $5,789,333 par, due 11/1/2050		(1)	6,030,760
	Freddie Struct PT Cert	7.000%, $583,140 par, due 7/25/2043		(1)	720,130
	General Dynamics Corp	3.500%, $160,000 par, due 5/15/2025		(1)	178,848
	General Electric Co	3.450%, $250,000 par, due 5/1/2027		(1)	282,761
	General Mills Inc	3.700%, $550,000 par, due 10/17/2023		(1)	598,996
	General Mills Inc	2.600%, $955,000 par, due 10/12/2022		(1)	990,813
	General Mills Inc	2.875%, $895,000 par, due 4/15/2030		(1)	992,369
	General Motors Financial Co Inc	3.550%, $1,260,000 par, due 7/8/2022		(1)	1,314,136
	Georgia-Pacific LLC	3.734%, $1,725,000 par, due 7/15/2023		(1)	1,850,632
	Georgia-Pacific LLC	2.100%, $675,000 par, due 4/30/2027		(1)	712,634
	Georgia-Pacific LLC	3.163%, $275,000 par, due 11/15/2021		(1)	280,154
	Ginnie Mae II Pool	4.585%, $1,972,553 par, due 3/20/2065		(1)	2,182,091
	Ginnie Mae II Pool	4.457%, $1,370,637 par, due 1/20/2067		(1)	1,568,772
	Ginnie Mae II Pool	4.393%, $1,355,753 par, due 12/20/2066		(1)	1,550,326
	Ginnie Mae II Pool	4.413%, $2,844,636 par, due 2/20/2067		(1)	3,237,378
	Ginnie Mae II Pool	4.531%, $3,069,380 par, due 1/20/2067		(1)	3,507,018
	Ginnie Mae II pool	1.520%, $876,116 par, due 6/20/2058		(1)	890,184
	Ginnie Mae II pool	0.770%, $2,141,876 par, due 5/20/2058		(1)	2,168,366
	Ginnie Mae II pool	3.000%, $98,478 par, due 3/20/2042		(1)	102,292
	GlaxoSmithKline Capital Inc	3.625%, $700,000 par, due 5/15/2025		(1)	785,931
	GlaxoSmithKline Capital Inc	3.375%, $605,000 par, due 5/15/2023		(1)	648,175
	GlaxoSmithKline Capital PLC	3.000%, $1,270,000 par, due 6/1/2024		(1)	1,368,398
	GNMA	1.040%, $1,733,343 par, due 12/20/2066		(1)	1,763,843
	GNMA	1.140%, $3,554,329 par, due 12/20/2066		(1)	3,629,165
	GNMA	0.790%, $919,673 par, due 10/20/2065		(1)	926,657
	Goldman Sachs Group Inc/The	5.250%, $500,000 par, due 7/27/2021		(1)	514,040
	Goldman Sachs Group Inc/The	5.750%, $920,000 par, due 1/24/2022		(1)	972,436
	Goldman Sachs Group Inc/The	3.500%, $630,000 par, due 1/23/2025		(1)	695,305
	Goldman Sachs Group Inc/The	3.000%, $2,208,000 par, due 4/26/2022		(1)	2,225,916
	Goldman Sachs Group Inc/The	3.272%, $1,405,000 par, due 9/29/2025		(1)	1,539,072
	Goldman Sachs Group Inc/The	2.876%, $677,000 par, due 10/31/2022		(1)	690,740
	Goldman Sachs Group Inc/The	3.625%, $1,513,000 par, due 2/20/2024		(1)	1,646,621
	Government National Mortgage Association	0.860%, $6,102,017 par, due 1/20/2069		(1)	6,200,217
	GS Mortgage Securities Trust 2013-GC16	4.271%, $2,004,000 par, due 11/10/2046		(1)	2,185,641
	GS Mortgage Securities Trust 2014-GC26	3.629%, $6,460,000 par, due 11/10/2047		(1)	7,109,902
	GSMS 2012-GCJ7 A4 9.2-Yr CMBS	3.377%, $1,717,194 par, due 5/10/2045		(1)	1,738,265
	Guardian Life Global Funding	2.900%, $840,000 par, due 5/6/2024		(1)	903,828
	Gulfstream Natural Gas System LLC	6.190%, $1,510,000 par, due 11/1/2025		(1)	1,819,003
	Halliburton Co	3.800%, $106,000 par, due 11/15/2025		(1)	118,881
	Halliburton Co	3.500%, $22,000 par, due 8/1/2023		(1)	23,507
	Halliburton Co	2.920%, $1,730,000 par, due 3/1/2030		(1)	1,823,330
	Healthcare Trust of America Holdings LP	3.500%, $580,000 par, due 8/1/2026		(1)	656,818
	Healthpeak Properties Inc	2.875%, $1,470,000 par, due 1/15/2031		(1)	1,584,406
	Healthpeak Properties Inc	3.500%, $580,000 par, due 7/15/2029		(1)	657,916
	Healthpeak Properties Inc	3.250%, $750,000 par, due 7/15/2026		(1)	846,629
	Heineken NV	3.500%, $960,000 par, due 1/29/2028		(1)	1,092,509
	Helios Leasing I LLC	1.562%, $333,973 par, due 9/28/2024		(1)	341,821
	Hewlett Packard Enterprise Co	4.650%, $1,730,000 par, due 10/1/2024		(1)	1,963,723
	Hewlett Packard Enterprise Co	0.974%, $154,000 par, due 10/5/2021		(1)	154,022
	Hexcel Corp	3.950%, $1,230,000 par, due 2/15/2027		(1)	1,329,482
	Home Depot Inc/The	2.700%, $365,000 par, due 4/15/2030		(1)	407,381

47 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Honda Auto Receivables 2018-2 Owner Trust	3.010%, $1,036,910 par, due 5/18/2022		(1)	$	1,045,555
	HOUSTON TX UTILITY SYS REVENUE	3.973%, $685,000 par, due 11/15/2031		(1)	811,259
	HSBC Holdings PLC	3.950%, $281,000 par, due 5/18/2024		(1)	303,105
	HSBC Holdings PLC	2.013%, $2,200,000 par, due 9/22/2028		(1)	2,252,199
	HSBC Holdings PLC	3.803%, $2,187,000 par, due 3/11/2025		(1)	2,387,821
	HSBC Holdings PLC	3.262%, $1,530,000 par, due 3/13/2023		(1)	1,580,407
	HSBC Holdings PLC	4.292%, $2,280,000 par, due 9/12/2026		(1)	2,598,470
	HSBC Holdings PLC	3.033%, $940,000 par, due 11/22/2023		(1)	987,730
	HSBC Holdings PLC	4.583%, $400,000 par, due 6/19/2029		(1)	473,221
	Huntington National Bank/The	3.550%, $1,511,000 par, due 10/6/2023		(1)	1,635,952
	IBM Credit LLC	3.000%, $473,000 par, due 2/6/2023		(1)	500,918
	Ingredion Inc	3.200%, $600,000 par, due 10/1/2026		(1)	667,407
	Intel Corp	3.900%, $2,770,000 par, due 3/25/2030		(1)	3,324,072
	International Business Machines Corp	3.000%, $4,812,000 par, due 5/15/2024		(1)	5,212,748
	Interstate Power and Light Co	3.250%, $870,000 par, due 12/1/2024		(1)	953,081
	Jackson National Life Global Funding	2.650%, $1,470,000 par, due 6/21/2024		(1)	1,565,425
	JobsOhio Beverage System	2.833%, $610,000 par, due 1/1/2038		(1)	657,983
	John Deere Capital Corp	1.750%, $465,000 par, due 3/9/2027		(1)	488,299
	John Deere Capital Corp	3.450%, $480,000 par, due 1/10/2024		(1)	523,416
	Johns Hopkins Health System Corp/The	2.420%, $935,000 par, due 1/1/2030		(1)	981,958
	JPMBB Commercial Mortgage Sec Trust 2014-C24	3.639%, $3,400,000 par, due 11/15/2047		(1)	3,730,273
	JPMBB Commercial Mortgage Sec Trust 2014-C26	3.494%, $2,245,000 par, due 1/15/2048		(1)	2,468,245
	JPMorgan Chase & Co	2.182%, $2,500,000 par, due 6/1/2028		(1)	2,653,693
	JPMorgan Chase & Co	4.452%, $1,370,000 par, due 12/5/2029		(1)	1,671,542
	JPMorgan Chase & Co	3.207%, $610,000 par, due 4/1/2023		(1)	632,151
	JPMorgan Chase & Co	2.301%, $1,010,000 par, due 10/15/2025		(1)	1,072,141
	JPMorgan Chase & Co	3.559%, $1,240,000 par, due 4/23/2024		(1)	1,329,052
	JPMorgan Chase & Co	2.776%, $1,691,000 par, due 4/25/2023		(1)	1,745,678
	JPMorgan Chase & Co	3.960%, $890,000 par, due 1/29/2027		(1)	1,022,687
	JPMorgan Chase & Co	3.125%, $800,000 par, due 1/23/2025		(1)	876,207
	JPMorgan Chase & Co	4.203%, $810,000 par, due 7/23/2029		(1)	968,426
	JPMorgan Chase & Co	3.797%, $121,000 par, due 7/23/2024		(1)	131,255
	JPMorgan Chase & Co	3.782%, $770,000 par, due 2/1/2028		(1)	885,013
	JPMorgan Chase Comml Mtg Sec Tr	4.166%, $770,000 par, due 12/15/2046		(1)	836,245
	JPMorgan Comm Mtg Sec Tr	4.388%, $527,143 par, due 7/15/2046		(1)	530,945
	JPMorgan Comm Mtg Sec Tr	3.143%, $2,461,239 par, due 12/15/2047		(1)	2,570,693
	JPMorgan Comm Mtg Sec Tr	4.070%, $537,578 par, due 11/15/2043		(1)	537,053
	JPMorgan Comm Mtg Sec Tr	4.717%, $528,326 par, due 2/15/2046		(1)	529,833
	JPMorgan Comm Mtg Sec Tr	3.483%, $1,064,204 par, due 6/15/2045		(1)	1,080,976
	Kellogg Co	3.400%, $690,000 par, due 11/15/2027		(1)	780,385
	Kentucky Higher Education Student Loan Corp	1.349%, $5,105,000 par, due 11/25/2050		(1)	5,130,066
	KeyBank NA/Cleveland OH	3.400%, $1,320,000 par, due 5/20/2026		(1)	1,482,058
	KeyCorp	2.250%, $840,000 par, due 4/6/2027		(1)	896,146
	Kimco Realty Corp	2.700%, $330,000 par, due 3/1/2024		(1)	348,329
	KLA Corp	4.100%, $230,000 par, due 3/15/2029		(1)	275,646
	Lake Central Multi-District School Building Corp	1.651%, $1,695,000 par, due 7/15/2028		(1)	1,760,969
	Lake Orion Community School District	2.434%, $2,250,000 par, due 5/1/2026		(1)	2,449,395
	Lam Research Corp	3.750%, $550,000 par, due 3/15/2026		(1)	628,671
	Lam Research Corp	4.000%, $270,000 par, due 3/15/2029		(1)	323,891
	Leland Stanford Junior University/The	1.289%, $975,000 par, due 6/1/2027		(1)	1,003,745
	Lennox International Inc	1.350%, $1,190,000 par, due 8/1/2025		(1)	1,217,381
	Lennox International Inc	1.700%, $490,000 par, due 8/1/2027		(1)	498,653
	Los Angeles Community College District/CA	1.606%, $2,080,000 par, due 8/1/2028		(1)	2,157,792
	M&T Bank Corp	0.895%, $560,000 par, due 7/26/2023		(1)	565,046
	Magellan Midstream Partners LP	5.000%, $1,005,000 par, due 3/1/2026		(1)	1,197,719
	Marathon Oil Corp	4.400%, $1,600,000 par, due 7/15/2027		(1)	1,778,610
	Marathon Oil Corp	3.850%, $850,000 par, due 6/1/2025		(1)	911,158
	Marathon Petroleum Corp	4.700%, $1,470,000 par, due 5/1/2025		(1)	1,683,966
	Marsh & McLennan Cos Inc	4.375%, $1,320,000 par, due 3/15/2029		(1)	1,607,133
	Marsh & McLennan Cos Inc	3.300%, $1,020,000 par, due 3/14/2023		(1)	1,079,882
	Marsh & McLennan Cos Inc	2.750%, $275,000 par, due 1/30/2022		(1)	281,538
	Martin Marietta Materials Inc	2.500%, $670,000 par, due 3/15/2030		(1)	713,862
	Masco Corp	2.000%, $1,790,000 par, due 10/1/2030		(1)	1,822,442
	Massachusetts Institute of Technology	3.959%, $500,000 par, due 7/1/2038		(1)	623,660
	Massachusetts School Building Authority	1.134%, $2,115,000 par, due 8/15/2026		(1)	2,143,362
	MassMutual Global Funding II	3.400%, $4,845,000 par, due 3/8/2026		(1)	5,444,990
	Maxim Integrated Products Inc	3.375%, $1,216,000 par, due 3/15/2023		(1)	1,280,138
	Maxim Integrated Products Inc	3.450%, $310,000 par, due 6/15/2027		(1)	347,667

48 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	McCormick & Co Inc/MD	3.400%, $1,230,000 par, due 8/15/2027		(1)	$	1,382,230
	McCormick & Co Inc/MD	2.700%, $734,000 par, due 8/15/2022		(1)	759,880
	McCormick & Co Inc/MD	3.150%, $2,220,000 par, due 8/15/2024		(1)	2,406,671
	McDonald's Corp	1.450%, $990,000 par, due 9/1/2025		(1)	1,026,636
	McDonald's Corp	3.600%, $365,000 par, due 7/1/2030		(1)	427,798
	McDonald's Corp	3.500%, $780,000 par, due 7/1/2027		(1)	894,765
	MD Comm Dev Admin Housing Rev	3.500%, $290,000 par, due 9/1/2047		(1)	299,208
	Medtronic Inc	3.500%, $959,000 par, due 3/15/2025		(1)	1,076,202
	METLIFE SECURITIZATION TRUST 2019-1	3.750%, $1,554,778 par, due 4/25/2058		(1)	1,666,675
	Microchip Technology Inc	4.333%, $1,140,000 par, due 6/1/2023		(1)	1,234,065
	Mid-America Apartments LP	3.950%, $420,000 par, due 3/15/2029		(1)	492,337
	Mid-America Apartments LP	1.700%, $550,000 par, due 2/15/2031		(1)	547,973
	Mill City Mortgage Loan Trust 2017-1	2.750%, $155,294 par, due 11/25/2058		(1)	157,658
	Missouri Higher Ed Ln Auth	1.057%, $396,527 par, due 8/26/2030		(1)	391,265
	Missouri Higher Ed Ln Auth	1.257%, $591,848 par, due 2/25/2036		(1)	593,387
	Mitsubishi UFJ Financial Group Inc	2.665%, $1,127,000 par, due 7/25/2022		(1)	1,166,009
	Mitsubishi UFJ Financial Group Inc	3.455%, $511,000 par, due 3/2/2023		(1)	544,466
	Mitsubishi UFJ Financial Group Inc	3.761%, $1,271,000 par, due 7/26/2023		(1)	1,377,957
	Mitsubishi UFJ Financial Group Inc	3.407%, $830,000 par, due 3/7/2024		(1)	901,966
	Mitsubishi UFJ Financial Group Inc	2.193%, $1,600,000 par, due 2/25/2025		(1)	1,690,234
	MMAF Equipment Finance LLC 2017-A	2.680%, $2,695,000 par, due 7/16/2027		(1)	2,797,919
	MMAF Equipment Finance LLC 2017-A	2.410%, $418,135 par, due 8/16/2024		(1)	422,775
	MMAF Equipment Finance LLC 2017-B	2.410%, $1,910,000 par, due 11/15/2024		(1)	1,931,220
	MMAF Equipment Finance LLC 2018-A	3.390%, $1,250,000 par, due 1/10/2025		(1)	1,296,384
	MMAF Equipment Finance LLC 2019-A	2.930%, $1,805,000 par, due 3/10/2026		(1)	1,898,495
	MMAF Equipment Finance LLC 2019-B	2.010%, $4,090,000 par, due 12/12/2024		(1)	4,209,878
	MO State Higher Ed Std Asst	1.152%, $1,851,566 par, due 5/20/2030		(1)	1,854,521
	Mondelez International Holdings Netherlands BV	2.250%, $1,315,000 par, due 9/19/2024		(1)	1,385,118
	Monongahela Power Co	4.100%, $2,137,000 par, due 4/15/2024		(1)	2,302,438
	Morgan Stanley	2.188%, $1,280,000 par, due 4/28/2026		(1)	1,351,990
	Morgan Stanley	3.950%, $600,000 par, due 4/23/2027		(1)	693,689
	Morgan Stanley	3.875%, $940,000 par, due 1/27/2026		(1)	1,078,250
	Morgan Stanley	3.625%, $2,465,000 par, due 1/20/2027		(1)	2,822,957
	Morgan Stanley	3.750%, $500,000 par, due 2/25/2023		(1)	536,086
	Morgan Stanley	4.431%, $610,000 par, due 1/23/2030		(1)	742,008
	Morgan Stanley	3.875%, $83,000 par, due 4/29/2024		(1)	91,949
	Morgan Stanley	2.720%, $540,000 par, due 7/22/2025		(1)	577,572
	Morgan Stanley	3.700%, $1,000,000 par, due 10/23/2024		(1)	1,112,798
	Morgan Stanley BAML Trust	2.858%, $1,683,755 par, due 11/15/2045		(1)	1,733,897
	Morgan Stanley BAML Trust	3.102%, $2,170,000 par, due 5/15/2046		(1)	2,276,111
	Morgan Stanley BAML Trust	3.176%, $2,400,000 par, due 8/15/2045		(1)	2,474,014
	Morgan Stanley BAML Trust 2014 C19	3.526%, $3,020,000 par, due 12/15/2047		(1)	3,308,482
	Morgan Stanley BAML Trust 2014-C15	4.051%, $1,155,000 par, due 4/15/2047		(1)	1,261,898
	MPLX LP	4.000%, $490,000 par, due 3/15/2028		(1)	563,776
	MPLX LP	1.750%, $810,000 par, due 3/1/2026		(1)	838,273
	MS State Higher Ed Asst Co	0.828%, $804,326 par, due 10/25/2035		(1)	799,623
	National Retail Properties Inc	3.900%, $1,590,000 par, due 6/15/2024		(1)	1,729,589
	National Retail Properties Inc	4.300%, $650,000 par, due 10/15/2028		(1)	753,511
	Navient Student Loan Trust 2016-6	0.898%, $299,207 par, due 3/25/2066		(1)	299,800
	NC State Edu Asst Auth	0.648%, $635,279 par, due 12/26/2039		(1)	631,906
	New York and Presbyterian Hospital/The	3.563%, $875,000 par, due 8/1/2036		(1)	971,610
	New York Hospital for Special Surgery	3.737%, $285,000 par, due 4/1/2028		(1)	320,506
	New York Life Global Funding	2.000%, $3,220,000 par, due 1/22/2025		(1)	3,387,865
	New York State Dormitory Authority	2.657%, $1,535,000 par, due 2/15/2028		(1)	1,685,722
	New York State Urban Development Corp	3.270%, $1,000,000 par, due 3/15/2027		(1)	1,125,480
	NextEra Energy Capital Holdings Inc	3.150%, $1,359,000 par, due 4/1/2024		(1)	1,469,071
	Norfolk Southern Corp	3.650%, $460,000 par, due 8/1/2025		(1)	514,182
	North Carolina Housing Finance Agency	2.870%, $470,000 par, due 7/1/2032		(1)	480,157
	North TX Highed Ed Auth	1.155%, $2,127,876 par, due 12/1/2034		(1)	2,140,175
	Northern States Power Co/MN	2.600%, $1,965,000 par, due 5/15/2023		(1)	2,046,862
	Northern States Power Co/WI	3.300%, $1,100,000 par, due 6/15/2024		(1)	1,184,920
	Northrop Grumman Corp	4.400%, $465,000 par, due 5/1/2030		(1)	577,180
	Northrop Grumman Corp	2.930%, $580,000 par, due 1/15/2025		(1)	630,840
	Northrop Grumman Corp	3.250%, $1,865,000 par, due 1/15/2028		(1)	2,108,966
	Northstar Edu Fin Inc	0.848%, $226,986 par, due 12/26/2031		(1)	227,702
	Nutrien Ltd	2.950%, $540,000 par, due 5/13/2030		(1)	593,855
	NYC Transit Fin Auth Future Tax Rev	3.430%, $1,500,000 par, due 8/1/2026		(1)	1,701,210
	Occidental Petroleum Corp	3.200%, $1,140,000 par, due 8/15/2026		(1)	1,065,900

49 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Oncor Electric Delivery Co LLC	2.750%, $2,652,000 par, due 6/1/2024		(1)	$	2,844,233
	Oncor Electric Delivery Co LLC	2.750%, $1,160,000 par, due 5/15/2030		(1)	1,298,802
	Oracle Corp	2.950%, $2,220,000 par, due 11/15/2024		(1)	2,415,267
	Oracle Corp	2.950%, $2,465,000 par, due 4/1/2030		(1)	2,756,208
	Oracle Corp	2.650%, $1,300,000 par, due 7/15/2026		(1)	1,428,619
	Orlando Health Obligated Group	3.777%, $1,000,000 par, due 10/1/2028		(1)	1,130,764
	Orlando Health Obligated Group	2.291%, $1,250,000 par, due 10/1/2028		(1)	1,267,300
	Otis Worldwide Corp	2.056%, $1,625,000 par, due 4/5/2025		(1)	1,722,245
	PA State Higher Ed Asst	0.698%, $133,812 par, due 4/25/2030		(1)	132,420
	PacifiCorp	3.500%, $506,000 par, due 6/15/2029		(1)	583,288
	PacifiCorp	2.700%, $475,000 par, due 9/15/2030		(1)	522,038
	PacifiCorp	3.600%, $1,385,000 par, due 4/1/2024		(1)	1,508,931
	Packaging Corp of America	4.500%, $720,000 par, due 11/1/2023		(1)	794,004
	Packaging Corp of America	3.400%, $1,100,000 par, due 12/15/2027		(1)	1,239,363
	Parker-Hannifin Corp	2.700%, $884,000 par, due 6/14/2024		(1)	948,085
	Parker-Hannifin Corp	3.300%, $1,600,000 par, due 11/21/2024		(1)	1,752,619
	Parker-Hannifin Corp	3.500%, $680,000 par, due 9/15/2022		(1)	714,152
	PECO Energy Co	2.375%, $832,000 par, due 9/15/2022		(1)	857,076
	PepsiCo Inc	2.625%, $680,000 par, due 3/19/2027		(1)	748,163
	Pernod Ricard International Finance LLC	1.250%, $860,000 par, due 4/1/2028		(1)	851,716
	Petroleos Mexicanos	2.378%, $900,000 par, due 4/15/2025		(1)	937,567
	Petroleos Mexicanos	2.290%, $341,250 par, due 2/15/2024		(1)	351,385
	Petroleos Mexicanos	2.000%, $705,000 par, due 12/20/2022		(1)	718,326
	Petroleos Mexicanos	1.950%, $220,000 par, due 12/20/2022		(1)	224,024
	PHEAA Student Loan Trust 2016-2	1.098%, $1,744,486 par, due 11/25/2065		(1)	1,746,611
	Phillips 66	4.300%, $700,000 par, due 4/1/2022		(1)	733,086
	Phillips 66	3.900%, $1,210,000 par, due 3/15/2028		(1)	1,393,294
	PNC Bank NA	3.500%, $1,430,000 par, due 6/8/2023		(1)	1,535,126
	PNC Bank NA	3.250%, $1,030,000 par, due 6/1/2025		(1)	1,143,719
	PNC Bank NA	4.050%, $1,030,000 par, due 7/26/2028		(1)	1,220,493
	PPG Industries Inc	2.400%, $1,050,000 par, due 8/15/2024		(1)	1,112,241
	PPG Industries Inc	2.550%, $1,330,000 par, due 6/15/2030		(1)	1,428,782
	Pricoa Global Funding I	2.400%, $3,080,000 par, due 9/23/2024		(1)	3,269,325
	Providence Health & Services Obligated Group	4.379%, $275,000 par, due 10/1/2023		(1)	302,357
	Providence St Joseph Health Obligated Group	2.532%, $1,355,000 par, due 10/1/2029		(1)	1,449,872
	Providence St Joseph Health Obligated Group	2.746%, $1,242,000 par, due 10/1/2026		(1)	1,355,750
	PSNH Funding LLC 3	3.506%, $900,000 par, due 8/1/2028		(1)	1,006,292
	Public Service Electric and Gas Co	2.375%, $2,060,000 par, due 5/15/2023		(1)	2,152,000
	Public Service Electric and Gas Co	3.250%, $275,000 par, due 9/1/2023		(1)	294,448
	Raytheon Technologies Corp	3.700%, $1,635,000 par, due 12/15/2023		(1)	1,777,866
	Raytheon Technologies Corp	2.250%, $970,000 par, due 7/1/2030		(1)	1,030,328
	Reckitt Benckiser Treasury Services PLC	2.375%, $281,000 par, due 6/24/2022		(1)	288,968
	Reckitt Benckiser Treasury Services PLC	2.750%, $1,680,000 par, due 6/26/2024		(1)	1,796,701
	RELX Capital Inc	3.000%, $220,000 par, due 5/22/2030		(1)	244,293
	RELX Capital Inc	4.000%, $480,000 par, due 3/18/2029		(1)	569,808
	RELX Capital Inc	3.500%, $740,000 par, due 3/16/2023		(1)	787,043
	RI State Std Ln Authority	0.805%, $2,309,539 par, due 9/1/2036		(1)	2,308,314
	Rochester Gas and Electric Corp	3.100%, $2,070,000 par, due 6/1/2027		(1)	2,288,470
	Rogers Communications Inc	3.625%, $775,000 par, due 12/15/2025		(1)	877,361
	Rolls-Royce PLC	3.625%, $780,000 par, due 10/14/2025		(1)	785,850
	Roper Technologies Inc	2.350%, $340,000 par, due 9/15/2024		(1)	362,840
	Roper Technologies Inc	3.650%, $1,303,000 par, due 9/15/2023		(1)	1,413,811
	Roper Technologies Inc	1.000%, $430,000 par, due 9/15/2025		(1)	435,188
	Roper Technologies Inc	3.800%, $500,000 par, due 12/15/2026		(1)	577,661
	Royal Bank of Canada	4.650%, $380,000 par, due 1/27/2026		(1)	448,601
	Royal Bank of Canada	3.700%, $3,731,000 par, due 10/5/2023		(1)	4,067,976
	Ryder System Inc	3.650%, $1,703,000 par, due 3/18/2024		(1)	1,860,914
	San Bernardino Community College District	2.540%, $2,035,000 par, due 8/1/2027		(1)	2,224,499
	San Diego Community College District	2.807%, $3,020,000 par, due 8/1/2032		(1)	3,273,408
	San Jose Evergreen Community College District	2.440%, $1,100,000 par, due 8/1/2029		(1)	1,187,967
	San Jose Redevelopment Agency Successor Agency	3.375%, $1,530,000 par, due 8/1/2034		(1)	1,644,062
	San Marcos Consolidated ISD	3.163%, $835,000 par, due 8/1/2026		(1)	930,875
	SBA Small Business Investment Cos	2.283%, $3,605,000 par, due 9/10/2029		(1)	3,755,145
	SBA Small Business Investment Cos	3.191%, $685,326 par, due 3/10/2024		(1)	708,014
	SBA Small Business Investment Cos	3.015%, $468,425 par, due 9/10/2024		(1)	485,809
	SBA Small Business Investment Cos	2.517%, $2,299,133 par, due 3/10/2025		(1)	2,374,800
	SBA Small Business Investment Cos	2.829%, $2,268,255 par, due 9/10/2025		(1)	2,388,127
	SBA Small Business Investment Cos	2.507%, $2,111,867 par, due 3/10/2026		(1)	2,208,159

50 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	SBA Small Business Investment Cos	2.845%, $7,312,290 par, due 3/10/2027		(1)	$	7,766,976
	SBA Small Business Investment Cos	2.518%, $3,668,254 par, due 9/10/2027		(1)	3,855,339
	SBA Small Business Investment Cos	3.548%, $4,564,216 par, due 9/10/2028		(1)	4,974,288
	SBA Small Business Investment Cos	3.113%, $4,877,343 par, due 3/10/2029		(1)	5,188,006
	SBA Small Business Investment Cos	2.078%, $4,411,529 par, due 3/10/2030		(1)	4,534,157
	SC State Std Ln Corp	0.905%, $1,608,693 par, due 5/1/2030		(1)	1,607,797
	SC State Std Ln Corp	0.648%, $180,598 par, due 1/25/2041		(1)	179,373
	SC State Std Ln Corp	1.318%, $740,708 par, due 10/27/2036		(1)	745,581
	Schlumberger Finance Canada Ltd	2.650%, $620,000 par, due 11/20/2022		(1)	643,123
	Seasoned Credit Risk Transfer Trust Series 2018-3	3.500%, $4,904,999 par, due 8/25/2057		(1)	5,312,193
	Seasoned Credit Risk Transfer Trust Series 2019-1	4.000%, $2,025,502 par, due 7/25/2058		(1)	2,227,616
	Seasoned Credit Risk Transfer Trust Series 2019-2	4.000%, $2,407,921 par, due 8/25/2058		(1)	2,664,273
	Seasoned Credit Risk Transfer Trust Series 2020-2	2.000%, $6,142,909 par, due 11/25/2059		(1)	6,331,416
	Seasoned Credit Risk Transfer Trust Series 2020-3	2.500%, $5,785,659 par, due 5/25/2060		(1)	6,110,402
	Sempra Energy	2.900%, $456,000 par, due 2/1/2023		(1)	478,422
	Sequoia Union High School District	5.932%, $1,000,000 par, due 7/1/2025		(1)	1,240,410
	Shell International Finance BV	3.250%, $395,000 par, due 5/11/2025		(1)	437,829
	Shell International Finance BV	3.500%, $1,976,000 par, due 11/13/2023		(1)	2,150,989
	Shell International Finance BV	2.750%, $1,110,000 par, due 4/6/2030		(1)	1,228,031
	Sherwin-Williams Co/The	2.750%, $27,000 par, due 6/1/2022		(1)	27,860
	Sherwin-Williams Co/The	3.450%, $860,000 par, due 6/1/2027		(1)	971,576
	Sherwin-Williams Co/The	3.300%, $911,000 par, due 2/1/2025		(1)	987,782
	Sherwin-Williams Co/The	2.950%, $500,000 par, due 8/15/2029		(1)	550,168
	Sherwin-Williams Co/The	2.300%, $700,000 par, due 5/15/2030		(1)	731,001
	Shire Acquisitions Investments Ireland DAC	2.400%, $203,000 par, due 9/23/2021		(1)	205,647
	Simon Property Group LP	3.375%, $1,000,000 par, due 10/1/2024		(1)	1,087,418
	Simon Property Group LP	2.000%, $1,620,000 par, due 9/13/2024		(1)	1,692,986
	SMALL BUSINESS ADMINISTRATION	2.130%, $555,592 par, due 1/1/2033		(1)	573,707
	Southern California Edison Co	2.400%, $570,000 par, due 2/1/2022		(1)	579,605
	South-Western City School District	2.237%, $3,540,000 par, due 12/1/2025		(1)	3,768,436
	Stanford Health Care	3.310%, $560,000 par, due 8/15/2030		(1)	637,767
	Stanley Black & Decker Inc	3.400%, $1,630,000 par, due 3/1/2026		(1)	1,845,740
	Starbucks Corp	2.000%, $715,000 par, due 3/12/2027		(1)	758,729
	State of California	2.375%, $2,750,000 par, due 10/1/2026		(1)	2,999,398
	State of Delaware	4.550%, $1,000,000 par, due 7/1/2029		(1)	1,266,190
	State of Hawaii	1.518%, $2,300,000 par, due 10/1/2028		(1)	2,363,572
	State of Louisiana	1.434%, $2,630,000 par, due 6/1/2028		(1)	2,675,999
	State of Louisiana Gasoline & Fuels Tax Revenue	1.898%, $1,500,000 par, due 5/1/2031		(1)	1,532,055
	State of New York	2.260%, $4,380,000 par, due 2/15/2026		(1)	4,627,820
	State of Oregon	1.967%, $1,620,000 par, due 11/1/2026		(1)	1,732,153
	State of Oregon Department of Transportation	1.330%, $925,000 par, due 11/15/2028		(1)	939,791
	State of Texas	4.631%, $1,250,000 par, due 4/1/2033		(1)	1,594,038
	State of Texas	2.704%, $2,410,000 par, due 4/1/2031		(1)	2,662,472
	State of Utah	4.554%, $215,000 par, due 7/1/2024		(1)	232,417
	State of Utah	3.539%, $2,410,000 par, due 7/1/2025		(1)	2,621,887
	State of Washington	5.040%, $1,000,000 par, due 8/1/2031		(1)	1,269,930
	State of Wisconsin	2.501%, $2,000,000 par, due 5/1/2032		(1)	2,205,160
	State Street Corp	2.653%, $2,470,000 par, due 5/15/2023		(1)	2,547,210
	State Street Corp	3.776%, $567,000 par, due 12/3/2024		(1)	623,320
	Student Loan Corp	1.015%, $604,238 par, due 4/25/2037		(1)	607,374
	Student Loan Corp	0.848%, $501,473 par, due 7/25/2036		(1)	497,447
	Sumitomo Mitsui Financial Group Inc	3.936%, $2,467,000 par, due 10/16/2023		(1)	2,702,941
	Sumitomo Mitsui Financial Group Inc	2.348%, $3,180,000 par, due 1/15/2025		(1)	3,374,301
	Sutter Health	3.695%, $750,000 par, due 8/15/2028		(1)	850,352
	Tagua Leasing LLC	1.732%, $2,356,205 par, due 9/18/2024		(1)	2,418,875
	Tamalpais Union High School District	2.265%, $3,295,000 par, due 8/1/2026		(1)	3,521,762
	Tayarra Ltd	3.628%, $228,380 par, due 2/15/2022		(1)	232,552
	Teva Pharmaceutical Finance Netherlands III BV	2.200%, $1,280,000 par, due 7/21/2021		(1)	1,276,800
	Texas A&M University	3.256%, $750,000 par, due 5/15/2029		(1)	839,535
	Texas A&M University	3.477%, $1,000,000 par, due 5/15/2031		(1)	1,136,760
	Texas Transportation Commission	1.533%, $2,010,000 par, due 10/1/2029		(1)	2,070,561
	Texas Transportation Commission State Highway Fund	5.178%, $1,200,000 par, due 4/1/2030		(1)	1,547,448
	Thermo Fisher Scientific Inc	4.497%, $540,000 par, due 3/25/2030		(1)	674,877
	Toronto-Dominion Bank/The	0.750%, $1,260,000 par, due 9/11/2025		(1)	1,264,714
	Toronto-Dominion Bank/The	2.250%, $1,331,000 par, due 3/15/2021		(1)	1,336,432
	Toronto-Dominion Bank/The	3.350%, $430,000 par, due 10/22/2021		(1)	440,446
	Toronto-Dominion Bank/The	3.250%, $1,908,000 par, due 3/11/2024		(1)	2,072,107
	Total Capital International SA	2.434%, $250,000 par, due 1/10/2025		(1)	266,834

51 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Total Capital International SA	3.700%, $793,000 par, due 1/15/2024		(1)	$	868,694
	Towd Point Mortgage Trust 2015-6	3.500%, $162,495 par, due 4/25/2055		(1)	166,050
	Towd Point Mortgage Trust 2016-1	2.750%, $201,208 par, due 2/25/2055		(1)	203,395
	Towd Point Mortgage Trust 2016-3	2.250%, $468,234 par, due 4/25/2056		(1)	472,676
	Towd Point Mortgage Trust 2016-4	2.250%, $77,124 par, due 7/25/2056		(1)	78,316
	Towd Point Mortgage Trust 2017-1	2.750%, $1,247,685 par, due 10/25/2056		(1)	1,278,755
	Towd Point Mortgage Trust 2017-5	0.748%, $114,216 par, due 2/25/2057		(1)	113,850
	Towd Point Mortgage Trust 2017-6	2.750%, $127,724 par, due 10/25/2057		(1)	131,502
	Towd Point Mortgage Trust 2019-4	2.900%, $5,919,854 par, due 10/25/2059		(1)	6,248,755
	Towd Point Mortgage Trust 2019-HY1	1.148%, $1,552,880 par, due 10/25/2048		(1)	1,558,916
	Towd Point Mortgage Trust 2019-HY2	1.148%, $1,368,039 par, due 5/25/2058		(1)	1,377,043
	Toyota Auto Loan Extended Note Trust 2019-1	2.560%, $3,255,000 par, due 11/25/2031		(1)	3,476,037
	Toyota Auto Loan Extended Note Trust 2020-1	1.350%, $3,875,000 par, due 5/25/2033		(1)	3,990,037
	Toyota Motor Corp	2.358%, $690,000 par, due 7/2/2024		(1)	732,196
	Toyota Motor Corp	3.419%, $495,000 par, due 7/20/2023		(1)	533,434
	Toyota Motor Credit Corp	2.800%, $575,000 par, due 7/13/2022		(1)	596,779
	Toyota Motor Credit Corp	3.450%, $1,960,000 par, due 9/20/2023		(1)	2,123,642
	Trane Technologies Luxembourg Finance SA	3.500%, $1,310,000 par, due 3/21/2026		(1)	1,477,291
	Trinity Health	3.084%, $2,235,000 par, due 12/1/2034		(1)	2,467,060
	Truist Bank	2.150%, $1,390,000 par, due 12/6/2024		(1)	1,473,166
	Truist Bank	3.200%, $1,935,000 par, due 4/1/2024		(1)	2,100,373
	Truist Financial Corp	4.000%, $390,000 par, due 5/1/2025		(1)	441,622
	Truist Financial Corp	3.050%, $760,000 par, due 6/20/2022		(1)	788,806
	TSMC Global Ltd	1.000%, $1,370,000 par, due 9/28/2027		(1)	1,356,725
	UBS Commercial Mortgage Trust 2012-C1	3.400%, $546,758 par, due 5/10/2045		(1)	557,296
	UBS Group AG	3.491%, $1,850,000 par, due 5/23/2023		(1)	1,925,153
	UBS Group AG	2.859%, $340,000 par, due 8/15/2023		(1)	352,468
	UBS-Barclays Commercial Mortgage Trust 2012-C4	2.850%, $4,770,000 par, due 12/10/2045		(1)	4,944,396
	UDR Inc	4.000%, $930,000 par, due 10/1/2025		(1)	1,055,412
	Unilever Capital Corp	3.250%, $720,000 par, due 3/7/2024		(1)	781,865
	Union Electric Co	2.950%, $1,460,000 par, due 3/15/2030		(1)	1,629,361
	Union Electric Co	2.950%, $850,000 par, due 6/15/2027		(1)	938,797
	Union Pacific Corp	3.500%, $457,000 par, due 6/8/2023		(1)	489,936
	Union Pacific Corp	2.950%, $481,000 par, due 1/15/2023		(1)	502,757
	Union Pacific Corp	3.750%, $2,160,000 par, due 7/15/2025		(1)	2,450,971
	United States Small Business Administration	3.230%, $901,748 par, due 2/1/2034		(1)	970,218
	United States Small Business Administration	5.540%, $77,013 par, due 9/1/2026		(1)	82,453
	United States Small Business Administration	5.600%, $340,210 par, due 9/1/2028		(1)	373,028
	United States Small Business Administration	3.210%, $902,064 par, due 3/1/2034		(1)	967,646
	United States Small Business Administration	5.630%, $382,854 par, due 10/1/2028		(1)	421,966
	United States Small Business Administration	3.370%, $2,258,190 par, due 10/1/2033		(1)	2,432,846
	United States Small Business Administration	2.840%, $2,682,920 par, due 4/1/2037		(1)	2,895,742
	United States Small Business Administration	2.850%, $2,227,510 par, due 10/1/2037		(1)	2,379,631
	United States Small Business Administration	5.340%, $11,216 par, due 11/1/2021		(1)	11,405
	United States Small Business Administration	5.510%, $217,429 par, due 11/1/2027		(1)	239,609
	United States Small Business Administration	5.310%, $232,770 par, due 5/1/2027		(1)	252,806
	United States Small Business Administration	6.770%, $125,115 par, due 11/1/2028		(1)	139,914
	United States Small Business Administration	5.680%, $130,245 par, due 6/1/2028		(1)	143,777
	United States Small Business Administration	2.980%, $1,326,092 par, due 6/1/2035		(1)	1,435,748
	United States Small Business Administration	2.810%, $560,219 par, due 12/1/2036		(1)	597,447
	United States Small Business Administration	2.810%, $2,973,481 par, due 6/1/2037		(1)	3,184,461
	United States Small Business Administration	2.780%, $2,733,178 par, due 12/1/2037		(1)	2,930,374
	United States Small Business Administration	3.150%, $1,408,225 par, due 7/1/2033		(1)	1,503,172
	United States Small Business Administration	2.800%, $1,482,724 par, due 1/1/2037		(1)	1,598,633
	United States Small Business Administration	2.980%, $1,227,515 par, due 7/1/2037		(1)	1,319,548
	United States Small Business Administration	2.880%, $940,880 par, due 7/1/2035		(1)	1,013,684
	United States Small Business Administration	5.720%, $1,068,689 par, due 1/1/2029		(1)	1,179,301
	United States Treasury Note/Bond	2.750%, $800,000 par, due 6/30/2025		(1)	887,094
	United States Treasury Note/Bond	0.875%, $14,894,000 par, due 11/15/2030		(1)	14,845,133
	United States Treasury Note/Bond	1.500%, $1,500,000 par, due 11/30/2024		(1)	1,572,950
	United States Treasury Note/Bond	2.125%, $2,250,000 par, due 5/31/2026		(1)	2,456,280
	United States Treasury Note/Bond	2.125%, $2,175,000 par, due 11/30/2024		(1)	2,333,623
	United States Treasury Note/Bond	2.875%, $11,650,000 par, due 5/31/2025		(1)	12,962,442
	United States Treasury Note/Bond	2.875%, $2,000,000 par, due 11/30/2025		(1)	2,245,546
	United States Treasury Note/Bond	1.750%, $460,000 par, due 12/31/2024		(1)	487,295
	United States Treasury Note/Bond	0.250%, $7,425,000 par, due 9/30/2025		(1)	7,396,867
	United States Treasury Note/Bond	3.000%, $2,000,000 par, due 10/31/2025		(1)	2,254,532
	United States Treasury Note/Bond	2.250%, $4,000,000 par, due 4/30/2024		(1)	4,272,500

52 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
			Description of investment, including
			maturity date, rate of interest,		Units/
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value		shares	Cost	Current value
	United States Treasury Note/Bond		2.375%, $2,000,000 par, due 4/30/2026			(1)	$	2,208,516
	United States Treasury Note/Bond		3.125%, $6,500,000 par, due 11/15/2028			(1)	7,695,896
	United States Treasury Note/Bond		0.625%, $27,529,000 par, due 5/15/2030			(1)	26,913,892
	United States Treasury Note/Bond		0.250%, $29,950,000 par, due 10/31/2025			(1)	29,821,305
	United States Treasury Note/Bond		0.625%, $16,320,000 par, due 8/15/2030			(1)	15,912,000
	United States Treasury Note/Bond		2.125%, $270,000 par, due 3/31/2024			(1)	286,864
	United States Treasury Note/Bond		2.750%, $650,000 par, due 2/28/2025			(1)	716,448
	United States Treasury Note/Bond		2.625%, $16,000,000 par, due 2/15/2029			(1)	18,367,504
	United States Treasury Note/Bond		1.500%, $39,475,000 par, due 2/15/2030			(1)	41,761,787
	United States Treasury Note/Bond		2.875%, $10,000,000 par, due 7/31/2025			(1)	11,162,500
	United States Treasury Note/Bond		1.750%, $21,300,000 par, due 7/31/2024			(1)	22,466,516
	UnitedHealth Group Inc		3.500%, $1,310,000 par, due 2/15/2024			(1)	1,433,821
	University of Arkansas		2.550%, $3,265,000 par, due 11/1/2028			(1)	3,561,821
	University of California		3.349%, $1,170,000 par, due 7/1/2029			(1)	1,349,174
	University of Colorado		2.447%, $1,560,000 par, due 6/1/2026			(1)	1,670,978
	University of Nebraska Facilities Corp		2.265%, $3,325,000 par, due 10/1/2027			(1)	3,562,006
	University of North Carolina at Chapel Hill		3.327%, $500,000 par, due 12/1/2036			(1)	585,230
	UNIVERSITY OF PENNSYLVANIA		2.942%, $1,500,000 par, due 8/15/2039			(1)	1,619,205
	US Bancorp		2.400%, $980,000 par, due 7/30/2024			(1)	1,044,673
	US Bank NA/Cincinnati OH		2.050%, $820,000 par, due 1/21/2025			(1)	867,742
	US Bank NA/Cincinnati OH		2.800%, $540,000 par, due 1/27/2025			(1)	587,701
	USAA Capital Corp		2.125%, $190,000 par, due 5/1/2030			(1)	199,783
	Ventas Realty LP		3.100%, $1,103,000 par, due 1/15/2023			(1)	1,157,433
	Ventas Realty LP		3.500%, $721,000 par, due 2/1/2025			(1)	794,036
	Ventas Realty LP		4.400%, $1,370,000 par, due 1/15/2029			(1)	1,606,735
	Ventas Realty LP		2.650%, $200,000 par, due 1/15/2025			(1)	214,048
	Verizon Communications Inc		2.625%, $530,000 par, due 8/15/2026			(1)	580,758
	Verizon Communications Inc		3.376%, $1,476,000 par, due 2/15/2025			(1)	1,639,297
	Verizon Communications Inc		4.125%, $460,000 par, due 3/16/2027			(1)	542,197
	Verizon Communications Inc		3.500%, $271,000 par, due 11/1/2024			(1)	299,325
	Verizon Owner Trust 2018-A		3.230%, $2,703,954 par, due 4/20/2023			(1)	2,739,849
	Verizon Owner Trust 2019-A		2.930%, $2,811,000 par, due 9/20/2023			(1)	2,865,522
	Verizon Owner Trust 2019-C		1.940%, $7,415,000 par, due 4/22/2024			(1)	7,574,089
	Verizon Owner Trust 2020-C		0.410%, $4,820,000 par, due 4/21/2025			(1)	4,828,898
	Vermont Std Asst Corp		0.848%, $1,917,103 par, due 7/28/2034			(1)	1,917,122
	Virginia Housing Development Authority		3.100%, $478,374 par, due 6/25/2041			(1)	501,470
	VIRGINIA STATE RESOURCES AUTHORITY		2.450%, $2,755,000 par, due 11/1/2027			(1)	3,026,643
	Vodafone Group PLC		4.125%, $880,000 par, due 5/30/2025			(1)	1,006,276
	Volkswagen Group of America Finance LLC		2.850%, $590,000 par, due 9/26/2024			(1)	630,116
	Vornado Realty LP		3.500%, $1,195,000 par, due 1/15/2025			(1)	1,263,795
	Walt Disney Co/The		3.800%, $1,385,000 par, due 3/22/2030			(1)	1,650,459
	Washington & Multnomah Counties School
		Dist No 48J	1.407%, $2,355,000 par, due 6/15/2027			(1)	2,413,051
*	Wells Fargo Commercial Mortgage Trust 2013-LC12		4.218%, $743,000 par, due 7/15/2046			(1)	798,081
	Welltower Inc		3.625%, $308,000 par, due 3/15/2024			(1)	335,687
	Welltower Inc		4.125%, $2,191,000 par, due 3/15/2029			(1)	2,555,966
	Welltower Inc		3.950%, $700,000 par, due 9/1/2023			(1)	759,485
	West Haymarket Joint Public Agency		5.400%, $1,250,000 par, due 12/15/2030			(1)	1,617,413
	Westpac Banking Corp		3.300%, $2,018,000 par, due 2/26/2024			(1)	2,193,419
	WFRBS Commercial Mortgage Trust 2013-C11		3.071%, $3,600,000 par, due 3/15/2045			(1)	3,760,142
	WFRBS Commercial Mortgage Trust 2013-C12		3.198%, $3,700,000 par, due 3/15/2048			(1)	3,870,411
	WFRBS Commercial Mortgage Trust 2013-C17		4.023%, $468,000 par, due 12/15/2046			(1)	506,160
	WFRBS Commercial Mortgage Trust 2013-UBS1		4.079%, $1,130,923 par, due 3/15/2046			(1)	1,226,429
	WFRBS Commercial Mortgage Trust 2014-C20		3.995%, $3,274,000 par, due 5/15/2047			(1)	3,586,559
	Wisconsin Electric Power Co		2.050%, $1,920,000 par, due 12/15/2024			(1)	2,032,378
	WISCONSIN ST GEN FUND APPROP		2.096%, $1,605,000 par, due 5/1/2026			(1)	1,711,765
	WISCONSIN ST GEN FUND APPROP		5.700%, $1,335,000 par, due 5/1/2026			(1)	1,569,506
	WRKCo Inc		4.650%, $330,000 par, due 3/15/2026			(1)	388,100
	WRKCo Inc		3.000%, $1,260,000 par, due 9/15/2024			(1)	1,356,708
	WRKCo Inc		3.900%, $920,000 par, due 6/1/2028			(1)	1,066,699
	Yale University		1.482%, $1,465,000 par, due 4/15/2030			(1)	1,503,716
*	Wells Fargo/BlackRock Short Term Investment Fund S		68,078,260 shares			(1)	68,078,260
							1,522,912,177
			Accrued income receivable				7,508,504
			Payable for securities purchased on a forward commitment basis				(51,260,824)
			Receivable for securities sold on a forward
				commitment basis			17,320,315
			Receivables for investment payments due				234,864

53 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
			Description of investment, including
			maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party			collateral, par, or maturing value	shares	Cost	Current value
			Adjustment from fair value to current value			$	(71,316,350)
			Total			1,425,398,686

	American General Life Ins. Co.		2.00%		(1)	—
	Massachsetts Mutual Life Ins. Co.		2.31%		(1)	—
	Pacific Life Ins. Co.		2.46%		(1)	—
	Prudential Ins. Co. of America		2.52%		(1)	—
	Royal Bank of Canada		2.18%		(1)	—
	State Street Bank and TrustCo.		2.34%		(1)	—
	Transamerica Premier Life Ins. Co.		2.37%		(1)	—
	Voya Ins. and Annuity Co.		2.15%		(1)	—
		3M COMPANY	2.650%, $380,000 par, due 04/15/2025		(1)	412,722
		ABBVIE INC	2.950%, $785,000 par, due 11/21/2026		(1)	868,092
		ABBVIE INC	3.200%, $1,285,000 par, due 11/21/2029		(1)	1,440,100
		AIG GLOBAL FUNDING	0.800%, $345,000 par, due 07/07/2023		(1)	348,402
		Ally Auto Receivables Trust	1.840%, $155,000 par, due 06/17/2024		(1)	157,328
		Ally Auto Receivables Trust	2.350%, $48,069 par, due 06/15/2022		(1)	48,176
		ALTRIA GROUP INC	2.350%, $525,000 par, due 05/06/2025		(1)	557,807
		AMAZON.COM INC	1.200%, $145,000 par, due 06/03/2027		(1)	147,920
		American Electric Power	1.000%, $570,000 par, due 11/01/2025		(1)	576,783
		American Express	2.500%, $625,000 par, due 08/01/2022		(1)	644,856
		American Honda Finance	0.650%, $340,000 par, due 09/08/2023		(1)	342,149
		American Honda Finance	2.050%, $825,000 par, due 01/10/2023		(1)	853,124
		American International Group	3.900%, $440,000 par, due 04/01/2026		(1)	501,728
		American Tower Corp	1.875%, $1,125,000 par, due 10/15/2030		(1)	1,134,810
		Amgen Incorporated	2.200%, $1,065,000 par, due 02/21/2027		(1)	1,141,691
		ANHEUSER-BUSCH CO/INBEV	3.650%, $725,000 par, due 02/01/2026		(1)	819,518
		ANHEUSER-BUSCH INBEV WOR	4.150%, $785,000 par, due 01/23/2025		(1)	893,872
		ANTHEM INC	2.375%, $310,000 par, due 01/15/2025		(1)	331,560
		Apple Inc.	2.750%, $1,475,000 par, due 01/13/2025		(1)	1,600,331
		ASTRAZENECA PLC	3.500%, $570,000 par, due 08/17/2023		(1)	613,998
		AT&T INC	1.650%, $845,000 par, due 02/01/2028		(1)	862,145
		AT&T INC	4.350%, $885,000 par, due 03/01/2029		(1)	1,055,504
		Avalonbay Communities	2.450%, $890,000 par, due 01/15/2031		(1)	957,195
		BAE SYSTEMS PLC	4.750%, $845,000 par, due 10/11/2021		(1)	872,133
		Bank of America Funding Corp	3.194%, $265,000 par, due 07/23/2030		(1)	296,983
		Bank of America Funding Corp	3.419%, $2,335,000 par, due 12/20/2028		(1)	2,637,476
		Bank of America Funding Corp	3.970%, $395,000 par, due 03/05/2029		(1)	461,198
		Bank of America Funding Corp	3.974%, $1,060,000 par, due 02/07/2030		(1)	1,248,500
		Bank of America Funding Corp	4.000%, $245,000 par, due 01/22/2025		(1)	275,302
		Bank of America Funding Corp	4.450%, $735,000 par, due 03/03/2026		(1)	856,679
		BANK OF NY MELLON CORP	2.100%, $1,310,000 par, due 10/24/2024		(1)	1,391,272
		BANK OF THE WEST AUTO TRUST	2.400%, $96,360 par, due 10/17/2022		(1)	96,590
		BAT CAPITAL CORP	2.259%, $1,250,000 par, due 03/25/2028		(1)	1,297,562
		BB&T CORPORATION	2.200%, $1,085,000 par, due 03/16/2023		(1)	1,126,295
		BERKSHIRE HATHAWAY ENERG	3.700%, $1,305,000 par, due 07/15/2030		(1)	1,543,632
		BERKSHIRE HATHAWAY ENERG	4.050%, $640,000 par, due 04/15/2025		(1)	724,653
		BG ENERGY CAPITAL PLC	4.000%, $595,000 par, due 10/15/2021		(1)	610,863
		BMW US CAPITAL LLC	3.800%, $745,000 par, due 04/06/2023		(1)	800,130
		Boeing Co	2.700%, $480,000 par, due 02/01/2027		(1)	499,272
		Boeing Co	4.508%, $790,000 par, due 05/01/2023		(1)	853,856
		BOSTON GAS COMPANY	3.001%, $365,000 par, due 08/01/2029		(1)	402,905
		BOSTON PROPERTIES LP	3.400%, $1,105,000 par, due 06/21/2029		(1)	1,233,467
		BP CAP MARKETS AMERICA	3.194%, $825,000 par, due 04/06/2025		(1)	907,492
		BP CAP MARKETS AMERICA	3.216%, $925,000 par, due 11/28/2023		(1)	992,016
		Bristol-Meyers Squibb	3.200%, $560,000 par, due 06/15/2026		(1)	630,073
		Capital One Auto Finance Trust	0.739%, $950,000 par, due 07/15/2027		(1)	959,253
		CHEVRON CORP	1.995%, $390,000 par, due 05/11/2027		(1)	413,591
		CHEVRON CORP	2.895%, $115,000 par, due 03/03/2024		(1)	123,232
		CHEVRON USA INC	1.018%, $730,000 par, due 08/12/2027		(1)	733,584
		Citibank Credit Card Iss Trust	0.764%, $1,960,000 par, due 04/22/2026		(1)	1,977,699
		Citibank Credit Card Iss Trust	0.929%, $2,670,000 par, due 05/14/2029		(1)	2,666,689
		Citigroup Incorporated	3.142%, $1,410,000 par, due 01/24/2023		(1)	1,449,889
		Citigroup Incorporated	3.200%, $1,135,000 par, due 10/21/2026		(1)	1,268,555
		Citigroup Incorporated	3.352%, $680,000 par, due 04/24/2025		(1)	739,282
		Citigroup Incorporated	3.700%, $690,000 par, due 01/12/2026		(1)	784,088
		Citigroup Incorporated	4.412%, $770,000 par, due 03/31/2031		(1)	933,748
		Citigroup Incorporated	4.600%, $1,205,000 par, due 03/09/2026		(1)	1,412,127
		Coca-Cola Company	1.450%, $325,000 par, due 06/01/2027		(1)	335,702

54 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	Comcast Corporation	1.500%, $1,595,000 par, due 02/15/2031		(1)	$	1,584,202
	Comcast Corporation	3.000%, $370,000 par, due 02/01/2024		(1)	398,028
	Comcast Corporation	3.300%, $510,000 par, due 04/01/2027		(1)	579,921
	Comcast Corporation	3.600%, $110,000 par, due 03/01/2024		(1)	121,021
	Comcast Corporation	3.950%, $915,000 par, due 10/15/2025		(1)	1,051,225
	CREDIT SUISSE GROUP AG	4.207%, $1,035,000 par, due 06/12/2024		(1)	1,121,340
	CVS Health Corp	3.625%, $1,380,000 par, due 04/01/2027		(1)	1,570,412
	CVS Health Corp	3.750%, $450,000 par, due 04/01/2030		(1)	523,696
	CVS Health Corp	3.875%, $130,000 par, due 07/20/2025		(1)	147,226
	CVS Health Corp	4.780%, $245,000 par, due 03/25/2038		(1)	310,410
	DAIMLER FINANCE NA LLC	2.700%, $1,215,000 par, due 06/14/2024		(1)	1,300,840
	DAIMLER FINANCE NA LLC	3.350%, $535,000 par, due 05/04/2021		(1)	540,131
	Discover Card Master Trust	0.489%, $1,890,000 par, due 08/15/2025		(1)	1,896,142
	Discover Card Master Trust	0.759%, $1,465,000 par, due 12/15/2026		(1)	1,476,075
	Dominion Resources Inc	2.750%, $465,000 par, due 01/15/2022		(1)	475,072
	Dow Chemical	3.625%, $615,000 par, due 05/15/2026		(1)	692,976
	DOWDUPONT INC	4.493%, $1,255,000 par, due 11/15/2025		(1)	1,465,024
	Drive Auto Receivables Trust	1.990%, $26,361 par, due 12/15/2022		(1)	26,406
	DTE Energy Company	2.529%, $590,000 par, due 10/01/2024		(1)	628,633
	DTE Energy Company	2.600%, $255,000 par, due 06/15/2022		(1)	262,982
	DTE Energy Company	3.850%, $950,000 par, due 12/01/2023		(1)	1,033,619
	DUKE ENERGY FLORIDA LLC	1.750%, $1,330,000 par, due 06/15/2030		(1)	1,359,925
	DUKE ENERGY FLORIDA LLC	3.200%, $475,000 par, due 01/15/2027		(1)	530,242
	DUKE ENERGY OHIO INC	2.125%, $285,000 par, due 06/01/2030		(1)	298,489
	EQUINIX INC	1.550%, $980,000 par, due 03/15/2028		(1)	996,190
	EQUINOR ASA	2.875%, $1,865,000 par, due 04/06/2025		(1)	2,036,972
	EQUINOR ASA	3.000%, $1,040,000 par, due 04/06/2027		(1)	1,157,884
	ERP Operating LP	3.000%, $490,000 par, due 07/01/2029		(1)	545,169
	EVERSOURCE ENERGY	2.750%, $1,110,000 par, due 03/15/2022		(1)	1,139,282
	Exelon Corporation	3.950%, $1,050,000 par, due 06/15/2025		(1)	1,187,750
	Exxon Mobil Corporation	2.992%, $2,430,000 par, due 03/19/2025		(1)	2,659,635
	Fannie- 55 UMBS	3.000%, $2,153,985 par, due 09/01/2050		(1)	2,261,879
	Fannie Mae - UBMS	3.500%, $82,625 par, due 01/01/2050		(1)	87,678
	Fannie Mae ARM Pool	5.000%, $78,734 par, due 12/01/2048		(1)	87,319
	Fannie Mae Pool	3.500%, $218,744 par, due 01/01/2050		(1)	230,854
	Fannie Mae Pool	3.500%, $319,259 par, due 07/01/2049		(1)	338,782
	Fannie Mae Pool	3.500%, $93,324 par, due 05/01/2049		(1)	99,030
	Fannie Mae Pool	3.790%, $255,000 par, due 12/01/2025		(1)	274,987
	Fannie Mae Pool	3.820%, $84,624 par, due 07/01/2027		(1)	93,751
	Fannie Mae Pool	4.000%, $172 par, due 01/01/2050		(1)	184
	Fannie Mae Pool	4.000%, $29,783 par, due 09/01/2049		(1)	31,825
	Fannie Mae Pool	4.000%, $359,358 par, due 06/01/2049		(1)	385,494
	Fannie Mae Pool	4.500%, $66,960 par, due 04/01/2049		(1)	72,979
	Fannie Mae Pool	5.000%, $390,905 par, due 05/01/2048		(1)	433,033
	Fannie Mae	2.000%, $7,035,000 par, due 03/25/2051		(1)	7,282,773
	Fannie Mae	4.200%, $570,000 par, due 01/01/2029		(1)	648,905
	Fannie Mae	5.000%, $1,586,118 par, due 05/01/2049		(1)	1,757,054
	Fannie Mae	5.000%, $71,004 par, due 03/01/2049		(1)	79,034
	FHLMC	0.000%, $1,620,000 par, due 03/15/2031		(1)	1,406,679
	FHLMC	0.000%, $205,000 par, due 07/15/2031		(1)	176,678
	FHLMC	0.000%, $450,000 par, due 07/15/2032		(1)	380,103
	Florida Power and Light	2.850%, $510,000 par, due 04/01/2025		(1)	555,008
	FNMA	0.000%, $155,000 par, due 11/15/2030		(1)	135,643
	Ford Credit Auto Owner Trust	1.870%, $130,567 par, due 09/15/2022		(1)	130,888
	FORD CREDIT AUTO OWNER TRUST	3.030%, $79,485 par, due 11/15/2022		(1)	80,191
	FOX CORP	3.500%, $410,000 par, due 04/08/2030		(1)	465,719
	Freddie 55 -UMBS	4.000%, $48,838 par, due 05/01/2049		(1)	52,192
	Freddie Mac 55 - UMBS	4.000%, $71,002 par, due 02/01/2050		(1)	75,722
	Freddie Mac 55- UMBS	3.500%, $112,574 par, due 01/01/2050		(1)	119,445
	Freddie Mac 55-UMBS	5.000%, $150,538 par, due 06/01/2049		(1)	167,139
	Freddie Mac-55 UMBS	4.000%, $165,905 par, due 07/01/2049		(1)	177,991
	General Electric Company	3.625%, $355,000 par, due 05/01/2030		(1)	405,726
	Glaxosmithkline Capital	3.000%, $230,000 par, due 06/01/2024		(1)	247,820
	Goldman Sachs Group Inc	2.905%, $2,200,000 par, due 07/24/2023		(1)	2,285,008
	Goldman Sachs Group Inc	3.691%, $140,000 par, due 06/05/2028		(1)	161,283
	Goldman Sachs Group Inc	4.000%, $1,095,000 par, due 03/03/2024		(1)	1,209,942
	Goldman Sachs Group Inc.	3.750%, $945,000 par, due 02/25/2026		(1)	1,073,473
	GUARDIAN LIFE GLOB FUND	0.875%, $1,070,000 par, due 12/10/2025		(1)	1,076,260

55 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
		Description of investment, including
		maturity date, rate of interest,	Units/
Identity of issuer, borrower, lessor, or similar party		collateral, par, or maturing value	shares	Cost	Current value
	GUARDIAN LIFE GLOB FUND	1.100%, $375,000 par, due 06/23/2025		(1)	$	380,355
	Home Depot Incorporated	2.500%, $525,000 par, due 04/15/2027		(1)	576,124
	HSBC Holdings PLC	1.645%, $2,320,000 par, due 04/18/2026		(1)	2,372,803
	HSBC Holdings PLC	4.300%, $200,000 par, due 03/08/2026		(1)	230,432
	HSBC Holdings PLC	4.583%, $755,000 par, due 06/19/2029		(1)	893,203
	HSBC Holdings PLC	4.950%, $260,000 par, due 03/31/2030		(1)	325,936
	Hyundai Auto Receivables Trust	1.940%, $125,000 par, due 02/15/2024		(1)	127,298
	JP Morgan Chase & Company	3.900%, $1,680,000 par, due 07/15/2025		(1)	1,908,547
	JPMORGAN CHASE & CO	2.005%, $925,000 par, due 03/13/2026		(1)	971,611
	JPMORGAN CHASE & CO	2.956%, $490,000 par, due 05/13/2031		(1)	537,329
	JPMORGAN CHASE & CO	3.797%, $720,000 par, due 07/23/2024		(1)	781,027
	JPMORGAN CHASE & CO	4.452%, $850,000 par, due 12/05/2029		(1)	1,037,085
	KEURIG DR PEPPER INC	4.417%, $750,000 par, due 05/25/2025		(1)	864,705
	Key Corp	2.250%, $1,390,000 par, due 04/06/2027		(1)	1,482,908
	Key Corp	5.100%, $735,000 par, due 03/24/2021		(1)	742,703
	Kimberly-Clark Corporation	3.100%, $230,000 par, due 03/26/2030		(1)	264,863
	Kinder Morgan Energy Partners	3.500%, $500,000 par, due 03/01/2021		(1)	500,000
	KINDER MORGAN INC/DELAWA	4.300%, $920,000 par, due 06/01/2025		(1)	1,049,720
	Lowes Companies	1.300%, $805,000 par, due 04/15/2028		(1)	812,100
	Lowes Companies	4.500%, $1,055,000 par, due 04/15/2030		(1)	1,313,232
	MASTERCARD INC	3.300%, $510,000 par, due 03/26/2027		(1)	581,849
	McDonald's Corporation	2.625%, $575,000 par, due 09/01/2029		(1)	629,349
	McDonald's Corporation	3.500%, $1,585,000 par, due 07/01/2027		(1)	1,818,201
	McDonald's Corporation	3.600%, $690,000 par, due 07/01/2030		(1)	808,714
	MERCK & CO INC	1.450%, $1,375,000 par, due 06/24/2030		(1)	1,394,140
	MET LIFE GLOB FUNDING I	0.950%, $1,970,000 par, due 07/02/2025		(1)	1,996,122
	Mondelez International	2.750%, $315,000 par, due 04/13/2030		(1)	345,987
	Morgan Stanley Dean Witter	2.720%, $720,000 par, due 07/22/2025		(1)	770,098
	Morgan Stanley Dean Witter	3.622%, $2,350,000 par, due 04/01/2031		(1)	2,733,285
	Morgan Stanley Dean Witter	4.431%, $590,000 par, due 01/23/2030		(1)	717,682
	MORGAN STANLEY	3.125%, $1,210,000 par, due 07/27/2026		(1)	1,352,502
	MORGAN STANLEY	3.125%, $630,000 par, due 01/23/2023		(1)	664,883
	Morgan Stanley	3.875%, $260,000 par, due 04/29/2024		(1)	288,033
	NATIONAL SECS CLEARING	1.200%, $455,000 par, due 04/23/2023		(1)	464,082
	NAVIENT STUDENT LOAN TRUST	1.310%, $530,000 par, due 01/15/2069		(1)	534,934
	New York Life Global Funding	2.900%, $1,670,000 par, due 01/17/2024		(1)	1,791,559
	NIKE INC	2.750%, $865,000 par, due 03/27/2027		(1)	957,148
	NVIDIA CORP	2.850%, $1,015,000 par, due 04/01/2030		(1)	1,141,814
	ORACLE CORP	2.950%, $230,000 par, due 11/15/2024		(1)	250,231
	OTIS WORLDWIDE CORPElectrical	2.056%, $975,000 par, due 04/05/2025		(1)	1,033,344
	PAYPAL HOLDINGS INC	1.650%, $2,220,000 par, due 06/01/2025		(1)	2,319,412
	Pfizer Incorporated	2.625%, $610,000 par, due 04/01/2030		(1)	680,852
	PHILIP MORRIS INTL INC	2.875%, $1,500,000 par, due 05/01/2024		(1)	1,611,120
	PHILLIPS 66	1.300%, $340,000 par, due 02/15/2026		(1)	344,553
	PROLOGIS INC	2.125%, $520,000 par, due 04/15/2027		(1)	557,986
	PUBLIC SERVICE ENTERPRIS	1.600%, $830,000 par, due 08/15/2030		(1)	818,363
	PUBLIC SERVICE ENTERPRIS	2.650%, $745,000 par, due 11/15/2022		(1)	776,484
	Reckitt Benckiser TSY	2.750%, $1,605,000 par, due 06/26/2024		(1)	1,716,499
	REPUBLIC SERVICES INC	1.450%, $1,270,000 par, due 02/15/2031		(1)	1,242,949
	RESOLUTION FUNDING STRIP	0.000%, $705,000 par, due 01/15/2030		(1)	627,604
	RFCSP	0.000%, $350,000 par, due 01/15/2030		(1)	311,367
	RFCSP	0.000%, $920,000 par, due 04/15/2030		(1)	815,831
	ROPER TECHNOLOGIES INC	1.000%, $340,000 par, due 09/15/2025		(1)	344,104
	SCHLUMBERGER FIN CA	1.400%, $300,000 par, due 09/17/2025		(1)	308,511
	SHELL INTERNATIONAL FIN	2.375%, $1,590,000 par, due 04/06/2025		(1)	1,705,275
	Simon Property Group LP	2.000%, $465,000 par, due 09/13/2024		(1)	485,948
	Simon Property Group LP	2.750%, $170,000 par, due 06/01/2023		(1)	178,680
	SOUTHERN CO	2.950%, $920,000 par, due 07/01/2023		(1)	974,243
	STANDFORD UNIVERSITY	1.289%, $510,000 par, due 06/01/2027		(1)	525,035
	STATE STREET CORP	2.901%, $895,000 par, due 03/30/2026		(1)	974,941
	STATOIL ASA	3.700%, $50,000 par, due 03/01/2024		(1)	54,942
	Target Corporation	2.250%, $450,000 par, due 04/15/2025		(1)	481,707
	Thermo Electron Corporation	4.133%, $680,000 par, due 03/25/2025		(1)	773,187
	TJX COS INC	3.750%, $1,610,000 par, due 04/15/2027		(1)	1,861,901
	Toyota Auto Receivables Owner	1.920%, $84,980 par, due 07/15/2022		(1)	85,359
	Toyota Auto Receivables	1.670%, $99,160 par, due 11/15/2022		(1)	99,705
	TOYOTA MOTOR CREDIT CORP	2.900%, $1,290,000 par, due 03/30/2023		(1)	1,364,691
	Trans- Cananda Piplines	4.625%, $75,000 par, due 03/01/2034		(1)	91,652

56 (Continued)


WELLS FARGO & COMPANY 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2020
					Description of investment, including
					maturity date, rate of interest,		Units/
Identity of issuer, borrower, lessor, or similar party					collateral, par, or maturing value		shares	Cost	Current value
				TSMC Global LTD	1.375%, $1,515,000 par, due 09/28/2030			(1)	$	1,487,306
				Unilever Capital Corporation	2.600%, $445,000 par, due 05/05/2024			(1)	474,219
				Union Pacific Corporation	3.950%, $400,000 par, due 09/10/2028			(1)	474,880
				UNITED PARCEL SERVICE	3.900%, $975,000 par, due 04/01/2025			(1)	1,101,545
				United States Treasury	1.375%, $1,475,000 par, due 08/15/2050			(1)	1,381,426
				United States Treasury	1.375%, $9,160,000 par, due 11/15/2040			(1)	9,059,790
				United States Treasury	1.625%, $5,580,000 par, due 11/15/2050			(1)	5,558,182
				United States Treasury	2.750%, $4,730,000 par, due 08/31/2025			(1)	5,259,524
				UNIV OF CALIFORNIA CA REVENUES	1.316%, $550,000 par, due 05/15/2027			(1)	558,794
				UPJOHN Inc	2.300%, $385,000 par, due 06/22/2027			(1)	409,879
				US 10yr Note CBT	0.000%, $46 par, due 03/22/2071			(1)	—
				US 20yr Note CBT	0.000%, $147 par, due 03/22/2071			(1)	—
				US Bancorp	2.400%, $1,340,000 par, due 07/30/2024			(1)	1,428,427
				US TREASURY	0.125%, $61,870,000 par, due 12/15/2023			(1)	61,797,612
				US TREASURY	0.375%, $44,875,000 par, due 12/31/2025			(1)	44,910,002
				US TREASURY	0.625%, $39,315,000 par, due 12/31/2027			(1)	39,272,147
				US ULTRA BOND	0.000%, $5 par, due 03/22/2071			(1)	—
				Usaa Captial	2.125%, $275,000 par, due 05/01/2030			(1)	289,160
				VERIZON COMMUNICATIONS	1.750%, $1,820,000 par, due 01/20/2031			(1)	1,810,900
				VERIZON COMMUNICATIONS	4.500%, $675,000 par, due 08/10/2033			(1)	851,722
				Visa Inc.	1.900%, $560,000 par, due 04/15/2027			(1)	596,019
				VOLKSWAGEN GROUP AMERICA	0.875%, $840,000 par, due 11/22/2023			(1)	844,729
				VOLKSWAGEN GROUP AMERICA	2.900%, $1,145,000 par, due 05/13/2022			(1)	1,181,182
				WAL-MART STORES INC	3.050%, $680,000 par, due 07/08/2026			(1)	765,551
				Walt Disney Company	3.350%, $1,380,000 par, due 03/24/2025			(1)	1,529,854
				YALE UNIVERSITY	0.873%, $490,000 par, due 04/15/2025			(1)	497,737
*				Wells Fargo/BlackRock Short Term Investment Fund S	25,035,851 shares			(1)	25,035,851
									369,686,266
					Accrued income receivable				1,156,653
					Payable for daily variation margin on futures contracts				(49,250)
					Payable for securities purchased on a forward
						commitment basis			(66,904,049)
					Receivable for securities sold on a forward commitment basis				59,927,990
					Payable for investment payments due				(24,973,573)
					Receivable for investment payments due				25,378,518
					Adjustment from fair value to current value				(17,469,848)
									346,752,707
					Total underlying securities of security-backed contracts				4,657,232,143
					Wrapper contract fee payable				(1,451,913)
					Investment management fee payable				(91,263)
					Pending trades				55,145
									4,655,744,112
		Collective Investment Fund
*			Wells Fargo/BlackRock Short Term Investment Fund S		222,618,539 units			(1)	222,618,539
									222,618,539
									4,878,362,651

*	Money market funds - unallocated				Collective investment fund		40,030,014	40,030,014	40,030,014

*	Wells Fargo – ESOP Fund
		Wells Fargo & Company common stock - allocated			Common stock fund		201,378,438	8,299,701,264	6,077,601,259
		Wells Fargo ESOP – unallocated			Convertible preferred stock		822,242	874,843,715	989,631,427
		Money market funds - allocated			Collective investment fund		80,704,480	80,704,480	80,704,480
		Money market funds - unallocated			Collective investment fund		25,292,257	25,292,257	25,292,257
									7,173,229,423
									$	48,542,300,492
*	Represents a party-in-interest.
(1)	Cost information not required as investments are participant directed.
See accompanying report of independent registered public accounting firm.

EXHIBITS

Exhibit No.

Description

Location

Consent of Independent Registered Public Accounting Firm

Filed herewith.

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.

WELLS FARGO & COMPANY 401(k) PLAN

/s/ Mark Hickman

Mark Hickman

Senior Vice President

Director of Compensation and Benefits

Wells Fargo & Company

June 24, 2021

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