Form 11-K - Annual report of employee stock purchase, savings and similar plans

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

(Mark One)

☑      ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2023

or

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

For the transition period from              to             

Commission file number 1-7657

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

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

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

AMERICAN EXPRESS COMPANY

200 Vesey Street

New York, New York 10285

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Financial Statements and Supplemental Schedules

Table of Contents

			Page
Report of Independent Registered Public Accounting Firm
FINANCIAL STATEMENTS
Statements of Net Assets Available for Benefits as of December 31, 2023 and 2022			1
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2023			2
Notes to Financial Statements			3
SUPPLEMENTAL SCHEDULES*
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2023			17
Schedule H, Line 4i - Schedule of Assets (Acquired and Disposed of Within Year) for the Year Ended December 31, 2023			63
Schedule H, Line 4j - Schedule of Reportable Transactions for the Year Ended December 31, 2023			64
Signature			65
Exhibit Index			E-1

*    Other schedules required under Section 2520.103 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable or not required.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Plan Administrator and Plan Participants of

American Express Retirement Savings Plan

Opinion on the financial statements

We have audited the accompanying statements of net assets available for benefits of the American Express Retirement Savings Plan (the “Plan”) as of December 31, 2023 and 2022, and the related statement of changes in net assets available for benefits for the year ended December 31, 2023, and the related notes to the financial statements (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023 and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audit. 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 audit 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. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit 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 audit also included evaluating the accounting principles used and significant estimates made by the Plan’s management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

Supplemental Schedules

The supplemental schedules of assets (held at end of year) as of December 31, 2023, of assets (acquired and disposed of within year) for the year ended December 31, 2023, and of reportable transactions for the year ended December 31, 2023, have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in 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/ McConnell & Jones LLP

McConnell & Jones LLP

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

Houston, Texas

June 17, 2024

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Statements of Net Assets Available for Benefits

as of December 31, 2023 and 2022

(Thousands)						2023						2022
Assets
Investments, at fair value:
Money market funds						$	54,554					$	49,194
Corporate debt instruments						108,503						91,974
Common stocks						2,371,145						1,955,034
U.S. Government and agency obligations						274,132						219,770
Common/collective trusts						3,699,783						2,591,378
Mutual funds						70,091						396,007
Self-directed brokerage accounts						171,774						140,152
Other investments						155,695						147,681
Total investments, at fair value						6,905,677						5,591,190
Fully benefit responsive investment contracts, at contract value						807,696						830,257
Due from brokers						16,154						2,850
Cash (non-interest bearing)						6,306						6,835
Receivables:
Notes receivable from participants						67,333						58,784
Investment income accrued						8,065						6,277
Employer contributions						112,917						93,525
Total Assets						7,924,148						6,589,718
Liabilities
Accrued expenses						2,193						2,646
Due to brokers						166,547						158,717
Total Liabilities						168,740						161,363
Net assets available for benefits						$	7,755,408					$	6,428,355

See accompanying notes to the financial statements.

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Statement of Changes in Net Assets Available for Benefits

for the Year Ended December 31, 2023

(Thousands)						2023
Additions:
Contributions:
Employer						$	265,004
Employee						291,633
Rollovers						35,067
Total contributions						591,704
Investment income:
Net appreciation of investments						1,123,310
Interest and dividends						77,965
Other income						2,997
Total investment income						1,204,272
Interest on notes receivable from participants						3,826
Total additions to net assets						1,799,802
Deductions:
Withdrawal payments						(459,333)
Administrative expenses						(13,416)
Total deductions						(472,749)
Net increase in net assets available for benefits						1,327,053
Net assets available for benefits at beginning of year						$	6,428,355
Net assets available for benefits at end of year						$	7,755,408

See accompanying notes to the financial statements.

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

1. Description of the Plan

General

The American Express Retirement Savings Plan (the “Plan”), which became effective June 11, 1973, is a defined contribution plan. Under the terms of the Plan, regular full-time and certain part-time U.S.-paid employees of American Express Company and its participating subsidiaries (the “Company”) can make elective contributions to the Plan beginning as soon as practicable after their date of hire, and eligible employees hired for the first time on or after January 1, 2017 as well as those rehired on or after January 1, 2022 are covered by the Plan’s automatic enrollment provisions. Eligible employees can qualify to receive Company contributions, if any, upon completion of six months of service.

The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The following is not a comprehensive description of the Plan, and therefore does not include all situations and limitations covered by the Plan. The Plan Document (“Plan Document”) is the exclusive governing document and should be referred to for more complete information.

Administration

Principal Life Insurance Company became the recordkeeper and Delaware Charter Guarantee & Trust Company, d/b/a Principal Trust Company, became the Trustee effective May 25, 2021. Effective February 22, 2022, custody services are provided by Principal Bank. Prior to these dates, Wells Fargo Bank, N.A. was the recordkeeper, Trustee and custodian for the Plan. The Plan is administered by the Company’s Employee Benefits Administration Committee (“EBAC”) and the Company’s Retirement Savings Plan Investment Committee (“RSPIC”). The Plan Document requires that the American Express Company Stock Fund be offered as an investment option, subject to compliance with ERISA. RSPIC has the power to select the other investment options available under the Plan and the manner in which these investment options are invested. Subject to Plan limits, RSPIC also has the power to appoint investment managers to make investment decisions. Under the terms of the Plan Document, the members of EBAC and RSPIC are appointed by the Company’s Vice President, Global Well-Being and Benefits.

Compensation

The participant compensation (commonly referred to as “Total Pay”) that is used in the calculation of Plan contributions generally includes an employee’s base pay plus overtime, shift differentials, most commissions and most cash incentives. For participants above certain salary grades, as defined by the Plan, Total Pay does not include any incentive pay which, in the aggregate, is in excess of one times their base salary when calculating Company contributions.

For purposes of the Plan, compensation is limited to a participant’s regular cash remuneration up to a maximum of $330,000 in 2023 and $305,000 in 2022, before tax deductions and certain other withholdings.

Contributions

The Plan currently provides for the following contributions:

Elective Contributions

Each pay period, participants may make Before-Tax Contributions, Roth Contributions, and/or After-Tax Contributions up to 10% of eligible compensation, or a combination thereof, not to exceed 80% of their Total Pay, to the Plan through payroll deductions. Roth Contributions are a special type of after-tax contribution and are subject to most of the same rules as Before-Tax Contributions. The Internal Revenue Code of 1986, as amended (the “Code”) imposes a limitation that is adjusted annually for cost of living increases on participants’ pre-tax and Roth contributions to plans which are qualified under Code Section 401(k) and other specified tax-favored plans. For 2023 and 2022, this limit was $22,500 and $20,500, respectively, for participants under age 50 and $30,000 and $27,000, respectively, for participants age 50 or older. The Plan complied with non-discrimination requirements under the Code during 2023 and 2022 by utilizing the safe harbor design for deferrals and matching contributions in accordance with Sections 401(k)(12) and 401(m)(11) of the Code.

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

Eligible employees hired for the first time on or after January 1, 2017 as well as eligible employees rehired on or after January 1, 2022 are automatically enrolled to make Before-Tax Contributions equal to 6% of Total Pay, with a 1% automatic increase each year until the rate reaches 10%, unless the employee makes an alternative election to contribute at a different rate or opt out of automatic enrollment.

Company Matching Contributions

The Company matches 100% of a participant’s Before-Tax Contributions and/or Roth Contributions up to 6% of Total Pay after a participant’s completion of six months of service.

Fixed Rate Contributions

The Company may make a Fixed Rate Contribution annually, typically comprised of 2% or 3% of eligible participants’ Total Pay (with the applicable percentage determined by a participant’s pay band level) for participants who have completed six months of service. Such percentages were applied to calculate the Fixed Rate Contribution for 2023 and 2022. Participants must be employed on the last working day of the Plan year (or be disabled under the terms of the Plan) to be eligible for any Fixed Rate Contributions made for that Plan year. Fixed Rate Contributions to eligible participants are made regardless of whether the participant contributes to the Plan.

Discretionary Profit Sharing Contributions

Additional Discretionary Profit Sharing Contributions by the Company are permitted under the Plan; no Discretionary Profit Sharing Contributions were made in 2023 or 2022.

Qualified Non-Elective Contributions

The Company may make Qualified Non-Elective Contributions (“QNEC”). A QNEC is a discretionary, fully vested contribution allocated in accordance with the Company's direction at the time the QNEC is approved. Any QNECs are fully vested when made and distributable only under circumstances that permit distributions of Before-Tax Contributions or Roth Contributions.

Disability Contributions

Certain qualifying participants who become disabled, as defined by the Plan Document, are eligible to receive contributions similar to Fixed Rate Contributions, Discretionary Profit Sharing Contributions and Matching Contributions.

Allocation of Account Balances

A participant’s account balance may be reallocated among the Plan’s investment options upon receipt of instructions from the participant. Account balances may be reallocated among the Plan’s investment options on a daily basis.

Participant Rollovers

A rollover contribution is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers are accepted into the Plan, but are not subject to Company contributions.

In-Plan Roth Conversions

The Plan allows for in-Plan Roth conversions.

Vesting

Participants are immediately vested in their elective Before-Tax, Roth and After-Tax Contributions and rollovers, if any, as well as the investment earnings on the foregoing. Other contributions become vested as set forth below:

Company Matching Contributions

Company Matching Contributions and investment earnings thereon are immediately 100% vested.

Fixed Rate Contributions

Fixed Rate Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

Discretionary Profit Sharing Contributions

Discretionary Profit Sharing Contributions and investment earnings thereon are 100% vested after the earlier of three years of service or, if still employed by the Company or an affiliate, at or after attainment of age 65, disability or death.

Qualified Non-Elective Contributions

QNECs are immediately 100% vested and investment earnings thereon are immediately 100% vested.

Disability Contributions

Disability Contributions are immediately 100% vested.

Forfeitures

Forfeitures of terminated participants’ non-vested accounts, as well as amounts attributable to outstanding checks as to which the payee cannot be located, are used at the discretion of the Company, as Plan Sponsor, to reduce future Company contributions, restore forfeitures for participants who are rehired, and reissue checks for any missing payees who are subsequently located. Forfeitures amounts not used for the above purposes may be used to pay Plan expenses as directed by the Plan Administrator. Forfeited non-vested balances were $2.6 million and $2.3 million as of December 31, 2023 and 2022, respectively. Accrued 2023 and 2022 Fixed Rate Contributions made to the Plan in March 2024 and March 2023, were reduced by $2.2 million and $1.7 million, respectively, from forfeited account balances; of the remaining forfeitures, $0.4 million will be used in 2024 and $0.6 million was used in 2023 to pay Plan expenses.

Plan Termination

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts and Plan assets will be distributed in accordance with the Plan Document.

Notes Receivable from Participants

Notes receivable from participants (loans) are carried at their unpaid principal balance plus any accrued but unpaid interest. Participants are allowed to apply for a loan from the Plan for a minimum amount of $500 up to the lesser of $50,000 or 50% of their vested balance, subject to certain restrictions set forth in the Plan and the Code, and to potentially higher limits in the event a participant has experienced a loss due to a qualifying natural disaster. General purpose loans are limited to terms of 59 months. Loans to purchase a principal residence have a maximum term of 359 months. Extensions may apply in the event a participant is absent on military leave or is affected by a qualifying natural disaster. Loan repayment amounts, including principal and interest, are deducted each pay period and allocated to participants’ investment accounts in accordance with the election in effect for new contributions at the time of repayment. Terminated participants who have an outstanding loan may make arrangements with the Plan’s recordkeeper to pay the loan in full, or make installment payments. If arrangements are not made for the payment of the outstanding loan balance, the loan amount will be considered in default and the outstanding loan balance will be offset from the account balance, subject to income tax regulations.

Loans are collateralized by the participant’s remaining vested account balance and the interest rate is fixed for the life of the loan. The interest rate determination is based on the prime rate plus one percentage point. In the event of a loan default, the loan is treated as a distribution (i.e., as an early withdrawal of funds from the Plan for tax purposes), which subjects the participant to income tax plus any penalties imposed by the Code based on the loan balance. If the participant is still employed, the loan balance is taxed as a “deemed distribution” but remains outstanding as an obligation of the participant until it is either repaid or the participant terminates employment. In the event of a termination, either voluntary or involuntary, the loan balance is treated as an actual distribution and deducted from the participant’s Plan account balance. Loans outstanding to participants at December 31, 2023, carried interest rates varying from 3.25% to 9.50% and will mature at various dates through December 14, 2053.

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

Tax Deferrals

As long as the Plan remains qualified and the related Trust (the “Trust”) remains tax exempt, amounts invested in the Plan through Before-Tax Contributions and Company contributions and rollovers, as well as the investment earnings on such amounts, are not subject to federal income tax until distributed to the participant. After-Tax Contributions are taxed when contributed, with earnings taxed upon distribution. Roth Contributions are taxed when contributed, and earnings on Roth Contributions and rolled-in Roth amounts qualify for tax-free distribution if a participant (i) reaches age 59-1/2, dies or becomes disabled (as defined by federal law) and (ii) has a Roth Contribution account with the Plan (or another plan from which a direct rollover of Roth contributions is received) for at least five taxable years. If those conditions are not met, earnings on Roth Contributions are taxed when distributed. Amounts that are converted to Roth status through an in-plan Roth conversion are taxed when converted (with the exception of After-Tax Contributions; however, earnings on After-Tax Contributions are subject to tax when converted), and thereafter are subject to the Roth taxation rules.

Distributions and Withdrawals

Upon termination of employment due to disability, death or retirement at or after attainment of the Plan’s normal retirement age (65), participants or their beneficiaries are fully vested and eligible to receive a distribution of the full value of their accounts. If employment ends for other reasons, participants are eligible to receive a distribution of their vested account balance. When employment ends, participants (or their beneficiaries) may elect to receive their vested balance as a cash amount, American Express Company common shares, if applicable, shares of any investment available through self-directed brokerage accounts (“SDA”), if applicable, or a combination of cash and shares. If the account balance is greater than $1,000, a participant may elect to defer distribution until the participant's "required beginning date" as defined by Section 401(a)(9) of the Code, at which point distributions must be made at least annually in at least the minimum amount required by federal law. If the account balance is $1,000 or less, a distribution will be made in a lump sum following the end of employment. Participants may request a withdrawal of all or a portion of their vested account balances subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code. Distributions (other than required minimum distributions and hardship withdrawals) may be rolled over to a qualified Individual Retirement Account (“IRA”) or other qualified employer retirement plan, if that plan allows rollovers.

Expenses

The Company, in its discretion, may pay certain administrative expenses, with any expenses not paid by the Company being charged to the Plan. Expenses related to separately managed investment funds are generally paid out of the applicable investment funds. Fees, commissions, and other charges and administrative expenses that are attributable to the investment funds as a whole are generally paid from the Plan. All such expenses that are paid by the Plan are included within the administrative expenses on the Statement of Changes in Net Assets Available for Benefits. Fees and expenses incurred indirectly by the Plan from the underlying mutual funds and collective trusts in which the Plan may invest are not included in the Statement of Changes in Net Assets Available for Benefits as expenses, but reduce the asset value of that mutual fund or collective trust. Additional expenses are associated with the SDA, and participants electing to invest through the SDA are charged directly for these fees through their SDA.

The Plan's recordkeeper charges the Plan for recordkeeping of participant accounts, as well as trust and custody of plan assets. The Plan’s fee structure provides for a flat per-participant fee. The Plan’s investment adviser, NEPC, LLC, receives its compensation primarily in the form of a flat fee for its investment advisory services, which is paid by the Plan, plus an additional flat fee related to the oversight of the asset allocation of the Retirement Funds, as discussed in Note 4 (Investments), which is charged to the Plan’s Retirement Funds on a pro rata basis. Additionally, as described in Note 8 (Related Parties and Parties-In-Interest Transactions), the Plan reimburses the Company for direct expenses (salary and benefit costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

2. Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

Amounts Based on Estimates and Assumptions

Accounting estimates are an integral part of the financial statements. These estimates are based, in part, on management’s assumptions concerning future events. Among the more significant assumptions are those that relate to fair value measurements. These accounting estimates reflect the best judgment of management, but actual results could differ.

Cash and Cash Equivalents

Cash includes cash on hand, while cash equivalents include other highly liquid investments with an original maturity of 90 days or less, such as money market funds. All cash equivalents are presented within the "Money market funds" and "Self-directed brokerage accounts" line items in the financial statements and are reported on “Schedule H, Line 4i”.

Investment Valuation and Income Recognition

Investments are generally reported at fair value, with the exception of fully benefit responsive investment contracts, which are reported at contract value. Investments traded on securities exchanges, including common and preferred stocks, are valued at the year-end closing market prices or, in the absence of a closing price, the last reported trade price at the financial statement date. The fair value of the Plan’s corporate debt instruments, U.S. Government and agency securities, municipal bonds and foreign bonds, is valued using a variety of observable market inputs, depending on the type of security being priced, and are obtained from pricing services engaged by Principal Bank for the year ended December 31, 2023 and for the period from February 22, 2022 through December 31, 2022, and by Wells Fargo Bank, N.A. for the period from January 1, 2022 through February 21, 2022. The fair value of the Plan's Stable Value Fund assets, described in Note 4 (Investments), is valued using pricing services engaged by Ameriprise Trust Company. See Note 3 (Fair Value Measurements) for a detailed discussion of the valuation techniques.

Purchases and sales of securities are reflected on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis. As required by the Plan, all dividend and interest income is reinvested into the same investment option in which the dividends and interest income arose, provided that restrictions may apply to investments held under the SDA, and with the exception of the American Express Company Stock Fund, which is an investment option and an Employee Stock Ownership Plan (“ESOP”). The ESOP holds shares of American Express Company stock on behalf of participants. Dividends are automatically reinvested in the American Express Company Stock Fund, unless participants elect that the dividends paid with respect to their interest in the fund be distributed in cash.

The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation or depreciation in the fair value of its investments, which consists of the realized gains or losses and the unrealized appreciation or depreciation on those investments.

Distributions and Withdrawals

Distributions and withdrawals are recorded when paid.

Subsequent Events

The Plan has evaluated subsequent events or transactions for potential recognition or disclosure through June 17, 2024, the date the financial statements were issued. The Plan determined that there are no subsequent events or transactions that require additional disclosure.

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

3. Fair Value Measurements

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, based on the Plan’s principal or, in the absence of a principal, most advantageous market for the specific asset or liability.

GAAP provides for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:

•Level 1 – Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan can access.

•Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:

–Quoted prices for similar assets or liabilities in active markets;

–Quoted prices for identical or similar assets or liabilities in markets that are not active;

–Inputs other than quoted prices that are observable for the asset or liability; and

–Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

•Level 3 – Inputs that are unobservable and reflect the Plan’s own estimates about the estimates market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows).

Plan Management monitors the market conditions and evaluates the fair value hierarchy levels at least annually.

Plan Management’s practice is to review the inputs, assumptions, and valuation techniques of pricing services used by the Plan’s asset custodians at least annually and to corroborate the prices provided by the Plan's asset custodians to test their reasonableness by comparing their prices to valuations from a different pricing source. In instances where price discrepancies are identified between different pricing sources, Plan Management would evaluate such discrepancies to ensure that the prices used for its calculation represent the fair value of the underlying investment securities. There were no price discrepancies identified for the years ended December 31, 2023 and 2022.

Financial Assets Carried at Fair Value

Financial assets disclosed in the tables below represent two types of assets. Assets held in funds (either mutual funds or common/collective trusts) are disclosed in the table according to the appropriate fund category (the underlying securities of those funds are not disclosed separately). Assets held in separate accounts (which are wholly owned by the Plan) are disclosed according to the appropriate category of the individual securities of those separately managed accounts; these individual securities include common stocks and fixed income securities. As such, the classification of financial assets in the table does not correspond to the classification of the investment options available to Plan participants, as discussed in Note 4 (Investments).

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2023:

Description (Thousands)						Total						Level 1						Level 2
Money market funds						$	54,554					$	54,554					$	—
Corporate debt instruments						108,503						—						108,503
Common stocks						2,371,145						2,371,145						—
Common/Collective trusts						998,229						—						998,229
U.S. Government and agency obligations						274,132						—						274,132
Mutual funds						70,091						70,091						—
Self-directed brokerage accounts						171,774						171,774						—
Other investments						155,695						—						155,695
Total assets in the fair value hierarchy						$	4,204,123					$	2,667,564					$	1,536,559
Common/collective trusts measured at net asset value (“NAV”)						2,701,554
Total investments, at fair value						$	6,905,677

The following table summarizes the Plan’s financial assets measured at fair value on a recurring basis, categorized by GAAP’s valuation hierarchy (as described above), as of December 31, 2022:

Description (Thousands)						Total						Level 1						Level 2
Money market funds						$	49,194					$	49,194					$	—
Corporate debt instruments						91,974						—						91,974
Common stocks						1,955,034						1,955,034						—
Common/Collective trusts						1,119,149						—						1,119,149
U.S. Government and agency obligations						219,770						—						219,770
Mutual funds						396,007						396,007						—
Self-directed brokerage accounts						140,152						140,152						—
Other investments						147,681						—						147,681
Total assets in the fair value hierarchy						$	4,118,961					$	2,540,387					$	1,578,574
Common/collective trusts measured at NAV						1,472,229
Total investments, at fair value						$	5,591,190

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

Valuation Techniques Used in the Fair Value Measurement of Financial Assets Carried at Fair Value

For the financial assets measured at fair value on a recurring basis (categorized in the valuation hierarchy table above), the Plan applies the following valuation techniques:

Level 1:

•Money market funds are valued at NAV, which represents the exit price.

•Investments in American Express Company common stock, other stock, and active publicly traded equity securities are valued at the official closing price of U.S. public exchanges or, if there is no official closing price that day, at the last reported trade price at the financial statement date.

•Mutual funds held within the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940. These investments are required to make publicly available the daily NAV of the fund and to transact at this price. Hence, open-end mutual funds transact at quoted prices. In addition, the mutual funds held by the Plan are actively traded.

•The Plan’s self-directed brokerage accounts are primarily comprised of mutual funds and are valued using the corresponding valuation techniques as previously described.

Level 2:

•The fair values for the Plan’s corporate debt instruments, U.S. Government and agency obligations, and Other investments (asset-backed securities, foreign sovereign debt, municipal bonds, and private placement securities), are obtained primarily from pricing services engaged by Principal Bank for the year ended December 31, 2023 and for the period from February 22, 2022 through December 31, 2022, Wells Fargo Bank, N.A. for the period from January 1, 2022 through February 21, 2022, and with respect to Stable Value Fund assets, Ameriprise Trust Company for the years ended December 31, 2023 and 2022. The fair values provided by the pricing service are estimated using pricing models, where the inputs to those models are based on observable market inputs or recent trades of similar securities. The inputs to the valuation techniques applied by the pricing service vary depending on the type of security being priced but are typically benchmark yields, benchmark security prices, credit spreads, prepayment speeds, reported trades, and broker-dealer quotes, all with reasonable levels of transparency. In addition, the Plan did not apply any adjustments to the prices received from the pricing services for 2023 and 2022. Plan Management reaffirms its understanding of the valuation techniques used by the pricing services at least annually. The Plan classifies the prices obtained from the pricing services within Level 2 of the fair value hierarchy because the underlying inputs are directly observable from active markets or recent trades of similar securities in inactive markets. However, the pricing models used do entail a certain amount of subjectivity, and therefore differing judgments in how the underlying inputs are modeled could result in different estimates of fair value.

•Common/collective trusts are investment funds formed by the pooling of investments by institutional investors, such as a group of not necessarily affiliated pension or retirement plans, typically with the intention of achieving cost savings over similar investment options such as mutual funds. Common/collective trusts are similar to mutual funds, with a named investment manager and documented investment objective. These investments, however, are not registered with the SEC (unlike mutual funds, which are registered with the SEC), and participation is not open to the public. The NAV is measured by the custodian or investment manager as of the close of regular daily trading and is corroborated with observable inputs provided by pricing services for the securities. To the extent the NAV is made publicly available, these common/collective trusts are classified within Level 2 of the fair value hierarchy and the NAVs represent the exit price for the funds.

Level 3:

•There are no Level 3 securities held by the Plan.

Assets Measured at NAV:

•For common/collective trusts whose NAVs are communicated only to investors in the trusts and are not publicly available, the NAVs are being used as practical expedient for fair value and represent the exit price for the funds.

10

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

The fair values of the financial instruments are estimates based upon the market conditions and perceived risks as of December 31, 2023 and 2022 and require management judgment. The Plan’s valuation techniques used to measure the fair value of its investments may produce fair values that may not be indicative of a future sale, or reflective of future fair values. The use of different techniques to determine the fair value of these types of investments could result in different estimates of fair value at the reporting date. There were no transfers among the levels of fair value hierarchy during the years ended December 31, 2023 and 2022.

Fair Value of Investments Using NAV as Practical Expedient

The following tables summarize investments measured at fair value based on NAV per share/unit as of December 31, 2023 and 2022, respectively:

As of December 31, 2023			Fair Value (Thousands)			Redemption Frequency			Redemption Notice Period
Common/collective trusts(a)			$2,701,554			As needed			Up to 5 business days(b)
As of December 31, 2022			Fair Value (Thousands)			Redemption Frequency			Redemption Notice Period
Common/collective trusts(a)			$1,472,229			As needed			Up to 5 business days(b)

a.Common/collective trusts are invested to gain exposure to broad public indices, including U.S., international developed and emerging market equity securities, and fixed income securities.

b.Fund trustees have the discretion to impose a longer notice period for the redemption of all or substantially all of the Plan's investment in the funds.

11

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

4. Investments

The investment options available to participants include nine core investment options (the “Core Investment Options”), of which five are actively managed (although in some cases, an actively managed option may also include a passively managed component) and four are passively managed (also known as index funds). In addition, target date funds (the “Retirement Funds”) based on target retirement dates are also available. The Retirement Funds invest in a mix of the actively managed Core Investment Options (and in some cases, also include an allocation to a Treasury inflation-protected securities strategy not available as a Core Investment Option). The Retirement Fund associated with the year in which a participant turns 65 generally serves as the Plan’s “default investment” to the extent a participant does not have a valid investment election on file. Additional investment options include the SDA and the American Express Company Stock Fund. A participant may currently elect to invest contributions in any combination of investment options in increments of 1% and change investment elections for future contributions on any business day the New York Stock Exchange is open. Participants may allocate up to 10% of their future contributions to the American Express Company Stock Fund, and transfers of balances from other investment options into the American Express Company Stock Fund are only permitted to the extent the participant’s investment in the American Express Company Stock Fund after the transfer does not exceed 10% of the participant’s overall Plan balance. Special rules and restrictions may apply to the SDA.

A brief description of the investment options available to participants at December 31, 2023, is set forth below:

Core Investment Options

RSPIC has created five actively managed Core Investment Options to provide diversified and actively managed options to participants. Four of these actively managed Core Investment Options (The Diversified Bond Fund, The U.S. Large-Cap Equity Fund, The U.S. Small/Mid-Cap Equity Fund, and The International Equity Fund) represent a broad asset class (e.g., U.S. Large-Cap Equity, U.S. Small/Mid-Cap Equity, Bonds, etc.) using several managers (and in some cases, also including a passively managed component) within each Fund. These actively managed Core Investment Options seek to outperform a broad market index by buying and selling a limited number of investments (stocks, bonds, or other investments) using the underlying investment managers’ investment management skills.

The actively managed Stable Value Fund invests in diversified pools of U.S. Government and agency fixed income securities together with book value wrap agreements issued by creditworthy insurance companies or banks with the objective to protect a participant’s original investment while offering a competitive rate of interest with minimum risk.

The Stable Value Fund holds a portfolio of book value wrap contracts that are fully benefit-responsive and comprised of both an investment and a contractual component. The investment component consists of units of common/collective trusts and a fixed income portfolio employing active management investment strategies, collectively referred to as the Stable Value Fund assets. Under the book value wrap contracts, the book value wrap provider is obligated to provide sufficient funds to cover participant benefit withdrawals and certain types of investment transfers regardless of the market value of the Stable Value Fund assets. While the contracts are designed to protect the Stable Value Fund against interest rate risk, the Stable Value Fund is still exposed to risk if issuers of the Stable Value Fund assets default on payment of interest or principal, but this risk is mitigated because the underlying Stable Value Fund assets in the Stable Value Fund bond portfolio are backed by the U.S. Government. The contracts may not cover participant benefit payments at contract value upon the occurrence of certain events, described below, involving the Stable Value Fund, American Express as its plan sponsor (“Plan Sponsor”) or Ameriprise Trust Company, an affiliate of Ameriprise Financial, Inc., its investment manager.

12

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

Fully benefit-responsive book value wrap contracts held by a separately managed account created for a defined contribution plan are required to be reported at contract value, rather than fair value, on the Statements of Net Assets Available for Benefits. Contract value is the relevant measure for fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals and administrative expenses.

Certain events might limit the ability of the Plan to transact at contract value with the contract issuer and therefore also limit the ability of the Plan to transact at contract value with the participants of the Plan. These events may be different under each contract. Examples of such events include the following:

•The Plan’s failure to qualify under Section 401(a) of the Internal Revenue Code or the failure of the trust to be tax-exempt under Section 501(a) of the Internal Revenue Code;

•Premature termination of the contracts;

•Plan termination or merger;

•Changes to the Plan’s administration of competing investment options; and

•Bankruptcy of the Plan Sponsor or other Plan Sponsor events (for example, divestitures or spinoffs of a subsidiary) that significantly affect the Plan’s normal operations.

Plan Management believes no such events are probable of occurring.

In addition, certain events allow the issuer to terminate the contracts with the Plan and settle at an amount different from contract value. Those events may be different under each contract. Examples of such events include the following:

•An uncured violation of the Plan’s investment guidelines;

•A breach of material obligation under the contract;

•A material misrepresentation; and

•A material amendment to the agreements without the consent of the issuer.

Plan Management believes no such events are probable of occurring.

RSPIC has also created four passively-managed (index) Core Investment Options: The Diversified Bond Index Fund, The U.S. Large-Cap Equity Index Fund, The U.S. Small/Mid-Cap Equity Index Fund, and The International Equity Index Fund, which currently use a single index fund as the underlying investment in each Fund. Each passively-managed Core Investment Option seeks to mirror the investments and track the performance of a broad market index that includes hundreds or thousands of stocks or bonds.

Self-Directed Brokerage Accounts

The SDA gives participants the opportunity to invest in a wide variety of mutual funds in addition to the specific investment options mentioned above. Participants may request a Prospectus for any of the funds available through the SDA.

American Express Company Stock Fund

The Plan Document requires that this Fund be offered as an investment option under the Plan, subject to compliance with ERISA. The American Express Company Stock Fund is an ESOP. This Fund invests primarily in American Express Company common shares and holds a small amount of cash or other short-term cash equivalents to meet requests for investment transfers, withdrawals, and distributions. Participants have full voting rights for the common shares underlying the units that are allocated to the American Express Company Stock Fund.

A full, detailed description of the Plan’s investment options, and associated terms and conditions, is available to all participants.

13

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

5. Risks and Uncertainties

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities and current market volatility, it is at least reasonably possible that changes in the values of investment securities will continue to occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits.

6. Income Tax Status

The Plan has received a favorable determination letter from the Internal Revenue Service ("IRS") dated August 10, 2022, stating that the Plan is qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. The Plan has been amended after the period covered by the determination letter. Although the Plan has been amended since receiving the determination letter, the Company believes the Plan, as amended, is currently designed and being operated in compliance with the applicable requirements of the Code, and therefore, believes that the Plan, as amended, is qualified, the related trust is tax-exempt, and the Plan satisfies the requirements of Section 4975(e)(7) of the Code.

GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability or asset if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Plan Management has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability, or asset, or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions.

7. Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2023 and 2022:

(Thousands)						2023						2022
Net assets available for benefits per the financial statements						$	7,755,408					$	6,428,355
Difference between contract value and fair value of fully benefit-responsive investment contracts						(37,110)						(49,544)
Loans deemed distributed						(239)						(209)
Net assets per the Form 5500						$	7,718,059					$	6,378,602

The following is a reconciliation of net income per the financial statements to the Form 5500 for the year ended December 31, 2023:

(Thousands)						2023
Net increase in net assets available for benefits per the financial statements						$	1,327,053
Adjustment for difference between contract value and fair value of fully benefit-responsive investment contracts						12,434
Change in deemed distributions of participant loans						(30)
Net income per the Form 5500						$	1,339,457

14

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AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Notes to Financial Statements

8. Related Parties and Parties-In-Interest Transactions

The Plan allows for transactions with, and certain investments in, certain parties that may perform services for, or have fiduciary responsibilities to, the Plan, including Principal Financial Group and its affiliates and Charles Schwab and Co., Inc. and its affiliates, as well as investment managers appointed by RSPIC. Transactions with these parties are considered party-in-interest transactions, but not considered prohibited transactions under ERISA. As noted in Supplemental Schedule H, Line 4i, the Plan held investments with parties-in-interest in Ameriprise Financial, Inc. and its affiliates, BlackRock Institutional Trust Company, N.A. and its affiliates, Charles Schwab and Co. Inc. and its affiliates, Fidelity Investment Management and its affiliates, J.P. Morgan Investment Management, Inc. and its affiliates, Morgan Stanley Investment Management and its affiliates, Principal Financial Group and its affiliates, Vanguard Fiduciary Trust Company and its affiliates, and Willis Towers Watson and its affiliates as of December 31, 2023. Additionally, the self-directed brokerage account includes certain investments considered to be party-in-interest investments. Notes Receivable from Participants, as discussed in Note 1 (Description of the Plan), are also considered party-in-interest transactions.

Berkshire Hathaway, Inc. and its affiliates are considered parties-in-interest due to ownership interests in the Company. The Plan holds certain securities in Berkshire Hathaway in accordance with investment strategies directed by its qualified professional asset managers.

Additionally, the Company is considered a party-in-interest as well as a related party. As of December 31, 2023 and 2022, the Plan held 4,272,748 shares of American Express Company common stock valued at $800 million and 4,427,465 shares valued at $654 million, respectively. During the 2023 plan year the Plan acquired 62,728 shares of American Express Company common stock valued at $10 million through dividend reinvestments and sold 134,045 shares valued at $23 million. The Plan reimburses the Company for direct expenses (salary and benefits costs) associated with a Company employee dedicated to servicing the Company’s qualified retirement plans for time spent providing services to the Plan.

15

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SUPPLEMENTAL SCHEDULES

16

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EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			Money Market Funds
*			FIDELITY MM GOVT PORTFOLIO #57						54,555						54,554
			Total Money Market Funds												$	54,554
			Corporate Debt Instruments
			ABBVIE INC 4.050% 11/21/39						485						438
			ABBVIE INC 4.400% 11/06/42						395						366
			ABBVIE INC 4.500% 5/14/35						410						401
			ABN AMRO BK MTN V-S 6.575% 10/13/26						300						305
			AEP TRANSMISSION CO 3.150% 9/15/49						120						86
			AERCAP IRELAND CAP/G 1.750% 1/30/26						150						139
			AERCAP IRELAND CAP/G 2.450% 10/29/26						180						167
			AERCAP IRELAND CAP/G 3.300% 1/30/32						210						183
			AERCAP IRELAND CAPIT 6.100% 1/15/27						290						296
			AETNA INC 3.875% 8/15/47						150						117
			AFLAC INC 3.600% 4/01/30						1,565						1,478
			AIR LEASE CORP 2.200% 1/15/27						218						200
			AIR LEASE CORP 3.250% 10/01/29						415						375
			ALABAMA POWER CO 5.700% 2/15/33						200						208
			ALBEMARLE CORP 5.450% 12/01/44						50						47
			ALEXANDRIA REAL ESTA 1.875% 2/01/33						140						109
			ALEXANDRIA REAL ESTA 2.000% 5/18/32						310						249
			ALTRIA GROUP INC 2.450% 2/04/32						260						212
			AMAZON.COM INC 3.250% 5/12/61						65						48
			AMAZON.COM INC 3.875% 8/22/37						110						102
			AMAZON.COM INC 3.950% 4/13/52						285						249
			AMAZON.COM INC 4.100% 4/13/62						84						74
			AMER AIRLINE 16-2 AA 3.200% 6/15/28						135						123
			AMER AIRLINE 16-3 AA 3.000% 4/15/30						85						77
			AMER AIRLN 14-1 A PT 3.700% 10/01/26						79						74
			AMER AIRLN 15-1 A PT 3.375% 5/01/27						575						527
			AMERICAN TOWER CORP 2.100% 6/15/30						150						126
			AMERICAN TOWER CORP 3.100% 6/15/50						139						95
			AMERICAN TOWER CORP 3.700% 10/15/49						220						167
			AMERICAN TOWER CORP 5.900% 11/15/33						170						180
			AMERICAN WATER CAPIT 3.450% 6/01/29						150						142
			AMGEN INC 3.150% 2/21/40						200						156
			AMGEN INC 5.250% 3/02/33						255						261

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

17

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EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			ANALOG DEVICES INC 2.800% 10/01/41						250						186
			ANHEUSER-BUSCH INBEV 4.375% 4/15/38						190						180
			ANHEUSER-BUSCH INBEV 4.439% 10/06/48						240						221
			ANZ NATIONAL INTL 5.355% 8/14/28						210						215
			APTIV PLC / APTIV CO 3.250% 3/01/32						239						211
			ARROW ELECTRONICS IN 3.875% 1/12/28						55						52
			ASTRAZENECA PLC 4.000% 9/18/42						60						55
			ASTRAZENECA PLC 6.450% 9/15/37						70						82
			AT&T INC 2.250% 2/01/32						350						289
			AT&T INC 2.300% 6/01/27						725						673
			AT&T INC 2.750% 6/01/31						180						158
			AT&T INC 3.500% 6/01/41						154						122
			AT&T INC 3.550% 9/15/55						638						459
			ATMOS ENERGY CORP 5.500% 6/15/41						100						105
			AUTOZONE INC 1.650% 1/15/31						190						154
			AVOLON HLDGS FDG LTD 6.375% 5/04/28						265						270
			BALTIMORE GAS 5.400% 6/01/53						265						273
			BALTIMORE GAS & ELEC 2.900% 6/15/50						110						75
			BALTIMORE GAS & ELEC 3.500% 8/15/46						70						54
			BANCO SANTANDER CONV 5.588% 8/08/28						400						408
			BANCO SANTANDER S.A 6.607% 11/07/28						600						639
			BANK AMERICA V-D 5.819% 9/15/29						460						475
			BANK AMERICA V-D 5.872% 9/15/34						280						293
			BANK MONTR MTN CONV 5.717% 9/25/28						280						290
			BANK NEW MTN V-D 6.474% 10/25/34						180						199
			BANK OF AMER CRP V-D 5.288% 4/25/34						440						441
			BANK OF AMER MTN V-D 4.376% 4/27/28						280						274
			BANK OF AMERICA V-D 5.202% 4/25/29						410						413
			BANK OF IRELAND V-A 6.253% 9/16/26						420						425
			BANK OF NY MTN V-D 6.317% 10/25/29						215						228
			BANQUE FED CRED CONV 4.935% 1/26/26						400						399
			BANQUE FED DU CRED 5.896% 7/13/26						200						204
			BARCLAY PLC CONV V-A 5.304% 8/09/26						200						199
			BARCLAYS CONV V-D 6.224% 5/09/34						270						280
			BARCLAYS PLC V-D 6.490% 9/13/29						200						208
			BAT CAPITAL CORP 3.734% 9/25/40						130						96
			BAT CAPITAL CORP 4.540% 8/15/47						257						197
			BAT INTL FINANCE PLC 1.668% 3/25/26						145						135
			BAXALTA INC 5.250% 6/23/45						7						7

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

18

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EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
*			BERKSHIRE HATHAWAY 3.850% 3/15/52						165						138
*			BERKSHIRE HATHAWAY 4.450% 1/15/49						235						206
			BHP BILLITON FIN 5.250% 9/08/30						330						342
			BK NOVA SCOTIA CONV 4.850% 2/01/30						273						273
			BOARDWALK PIPELINES 3.400% 2/15/31						100						89
			BOEING CO 3.250% 3/01/28						251						236
			BOEING CO 5.150% 5/01/30						210						214
			BOEING CO 5.705% 5/01/40						175						181
			BP CAP MARKETS AMERI 2.939% 6/04/51						345						239
			BP CAP MKTS AMER 4.812% 2/13/33						220						222
			BP CAP MKTS AMER INC 4.893% 9/11/33						180						183
			BPCE SA V-D 5.975% 1/18/27						250						252
			BRISTOL-MYERS SQUIBB 4.125% 6/15/39						122						110
			BRIXMOR OPERATING PA 2.250% 4/01/28						220						195
			BRIXMOR OPERATING PA 2.500% 8/16/31						115						96
			BRIXMOR OPERATING PA 3.850% 2/01/25						120						117
			BROADCOM INC 4.750% 4/15/29						330						331
			BROOKFIELD FINANCE 3.900% 1/25/28						297						286
			BROOKFIELD FINANCE 4.700% 9/20/47						13						11
			BROOKFIELD FINANCE 4.850% 3/29/29						96						95
			BROWN & BROWN INC 2.375% 3/15/31						100						82
			BUNGE LTD FINANCE CO 2.750% 5/14/31						260						226
			BURLINGTN NORTH SANT 4.375% 9/01/42						130						120
			BURLINGTON NORTH SAN 6.150% 5/01/37						60						67
			CAIXABANK SA V-D 6.684% 9/13/27						255						261
			CAMPBELL SOUP CO 3.125% 4/24/50						66						46
			CANADIAN PAC RY CO 4.700% 5/01/48						217						197
			CANADIAN PACIFIC RR 5.750% 3/15/33						70						73
			CAPITAL ONE FIN V-D 6.312% 6/08/29						145						149
			CAPITAL ONE FINANCIA 3.300% 10/30/24						350						344
			CAPITAL ONE FINL V-D 4.927% 5/10/28						29						29
			CAPITAL ONE FINL V-D 4.985% 7/24/26						50						49
			CBS CORP 2.900% 1/15/27						105						97
			CELANESE US HLDS 6.050% 3/15/25						32						32
			CENTERPOINT ENER HOU 3.000% 2/01/27						91						87
			CGI INC 2.300% 9/14/31						200						164
			CHARTER COMM OPT LLC 3.500% 3/01/42						375						261
			CHARTER COMM OPT LLC 3.700% 4/01/51						130						85
			CHARTER COMM OPT LLC 5.375% 4/01/38						48						43

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

19

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EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			CHARTER COMM OPT LLC 6.384% 10/23/35						500						508
			CHARTER COMM OPT LLC 6.834% 10/23/55						70						70
			CIGNA CORP 3.400% 3/01/27						415						400
			CINCINNATI FINL CORP 6.920% 5/15/28						50						54
			CITIGROUP INC 4.450% 9/29/27						21						21
			CLEVELAND ELECTRIC 5.950% 12/15/36						40						41
			CMS ENERGY CORP 2.950% 2/15/27						39						37
			COCA-COLA FEMSA SAB 1.850% 9/01/32						205						163
			COMCAST CORP 2.887% 11/01/51						244						165
			COMCAST CORP 2.937% 11/01/56						143						94
			COMCAST CORP 3.200% 7/15/36						200						168
			COMCAST CORP 3.400% 4/01/30						1,375						1,287
			COMCAST CORP 3.900% 3/01/38						55						49
			COMCAST CORP 4.250% 1/15/33						150						146
			COMMONSPIRIT HEALTH 2.782% 10/01/30						545						473
			COMMONWEALTH EDISON 3.650% 6/15/46						45						35
			COMMONWEALTH EDISON 3.750% 8/15/47						70						56
			CONSTELLATION ENERGY 6.500% 10/01/53						220						248
			CONSTL ENRGY GEN LLC 5.800% 3/01/33						208						219
			CONSUMERS ENERGY 4.625% 5/15/33						265						265
			CONTL AIRLINES 2012- 4.000% 10/29/24						361						352
			COOPERATIEVE V-A 5.564% 2/28/29						400						406
			COREBRIDGE FIN INC 3.850% 4/05/29						105						99
			COREBRIDGE FINANCIAL 3.650% 4/05/27						145						139
			COREBRIDGE GLOB FUND 5.900% 9/19/28						180						185
			CORPORATE OFFICE PRO 2.000% 1/15/29						90						75
			CORPORATE OFFICE PRO 2.750% 4/15/31						362						293
			CREDIT AGRI CONV V-D 6.316% 10/03/29						250						262
			CREDIT SUISSE AG 7.950% 1/09/25						270						276
			CREDIT SUISSE NEW YO 1.250% 8/07/26						355						322
			CSL FINANCE PLC 3.850% 4/27/27						215						209
			CSX CORP 6.000% 10/01/36						175						192
			CVS HEALTH CORP 2.700% 8/21/40						500						357
			DANSKE BANK V-A 6.466% 1/09/26						200						201
			DDR CORP 3.625% 2/01/25						61						59
			DELL INT LLC / EMC 4.900% 10/01/26						146						146
			DELL INT LLC EMC 5.250% 2/01/28						146						150
			DELL INTL L L C / EM 6.020% 6/15/26						121						124
			DELTA AIR LINES 2015 3.625% 7/30/27						912						859

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

20

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			DELTA AIR LINES 2020 2.000% 6/10/28						48						43
			DEUTSCHE BANK V-D 7.146% 7/13/27						245						254
			DEUTSCHE BK CONV V-D 6.819% 11/20/29						190						200
			DH EUROPE FINANCE II 3.250% 11/15/39						80						66
			DISCOVERY COMMUNICAT 3.450% 3/15/25						120						117
			DISCOVERY COMMUNICAT 5.200% 9/20/47						275						237
			DOMINION ENERGY INC 3.375% 4/01/30						210						193
			DOMINION RESOURCES 2.850% 8/15/26						76						72
			DOWDUPONT INC 5.319% 11/15/38						100						103
			DTE ELECT SEC II 6.090% 9/01/38						300						331
			DTE ELECTRIC CO 5.400% 4/01/53						260						273
			DTE ENERGY CO 1.050% 6/01/25						380						358
			DUKE ENERGY CORP 2.650% 9/01/26						43						41
			DUKE ENERGY CORP 6.100% 9/15/53						250						271
			DUKE ENERGY FLA LLC 6.200% 11/15/53						180						206
			DUKE ENERGY FLORIDA 3.800% 7/15/28						200						194
			DUKE ENERGY OHIO INC 4.300% 2/01/49						60						51
			DUKE ENERGY PROGRESS 2.900% 8/15/51						180						121
			DUKE ENERGY PROGRESS 4.200% 8/15/45						130						111
			EASTERN GAS TRAN 3.900% 11/15/49						206						152
			EIDP INC 4.500% 5/15/26						226						225
			ELEMENT FLEET MGMT 6.319% 12/04/28						180						186
			ELEVANCE HEALTH INC 4.750% 2/15/33						143						143
			EMERA US FINANCE LP 3.550% 6/15/26						70						67
			EMERA US FINANCE LP 4.750% 6/15/46						150						123
			ENABLE MIDSTREAM PAR 4.950% 5/15/28						55						55
			ENBRIDGE INC 5.700% 3/08/33						180						187
			ENERGY TRANSFER OPER 6.250% 4/15/49						209						216
			ENERGY TRANSFER PART 5.500% 6/01/27						36						36
			ENERGY TRANSFER PART 6.000% 6/15/48						268						270
			ENTERGY LOUISIANA LL 2.400% 10/01/26						59						55
			ENTERGY LOUISIANA LL 2.900% 3/15/51						140						93
			ENTERGY LOUISIANA LL 3.050% 6/01/31						57						50
			ENTERGY LOUISIANA LL 3.120% 9/01/27						40						38
			ENTERGY MISSISSIPPI 3.850% 6/01/49						190						152
			ENTERPRISE PRODUCTS 4.900% 5/15/46						180						172
			EQUINIX INC 2.900% 11/18/26						305						290
			ESSEX PORTFOLIO LP 1.650% 1/15/31						200						158
			EVERGY INC 2.900% 9/15/29						235						213

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

21

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			EVERGY METRO INC 4.950% 4/15/33						284						284
			EXELON CORP 5.100% 6/15/45						170						161
			EXELON GENERATION CO 3.250% 6/01/25						340						330
			EXELON GENERATION CO 6.250% 10/01/39						180						192
			EXTRA SPACE STORAGE 2.400% 10/15/31						135						111
			EXTRA SPACE STORAGE 4.000% 6/15/29						214						204
			EXTRA SPACE STORAGE 5.900% 1/15/31						190						198
			EXXON MOBIL CORPORAT 2.995% 8/16/39						400						321
			FED CAISSES DESJARDI 5.700% 3/14/28						200						206
			FISERV INC 4.400% 7/01/49						90						79
			FLORIDA PWR & LT CO 5.300% 4/01/53						140						146
			FORD FOUNDATION/THE 2.815% 6/01/70						90						57
			FORD MOTOR CREDIT CO 2.900% 2/10/29						541						474
			FORTIS INC 3.055% 10/04/26						155						147
			GENERAL MILLS INC 4.950% 3/29/33						160						162
			GENERAL MOTORS FINL 2.350% 1/08/31						157						130
			GENERAL MOTORS FINL 2.700% 6/10/31						115						96
			GENERAL MOTORS FINL 2.750% 6/20/25						360						346
			GILEAD SCIENCES INC 2.600% 10/01/40						300						221
			GLOBAL PAYMENTS INC 2.900% 5/15/30						67						59
			GLOBAL PAYMENTS INC 2.900% 11/15/31						129						110
			GLOBAL PAYMENTS INC 3.200% 8/15/29						186						169
			GOLDMAN SACHS GP V-D 6.484% 10/24/29						250						265
			GOLDMAN SACHS GROUP 3.800% 3/15/30						200						188
			HACKENSACK MERIDIAN 2.675% 9/01/41						445						317
			HACKENSACK MERIDIAN 2.875% 9/01/50						250						173
			HALLIBURTON CO 4.850% 11/15/35						43						42
			HALLIBURTON COMPANY 6.700% 9/15/38						50						58
			HANOVER INSURANCE GR 2.500% 9/01/30						140						115
			HARRIS CORPORATION 4.854% 4/27/35						40						39
			HARTFORD FINL SVCS 4.300% 4/15/43						90						77
			HCA INC 3.500% 7/15/51						92						65
			HCA INC 5.125% 6/15/39						175						167
			HCA INC 5.500% 6/01/33						220						223
			HCA INC 5.500% 6/15/47						105						101
			HCP INC 3.250% 7/15/26						350						337
			HEALTH CARE REIT INC 6.500% 3/15/41						140						154
			HEALTHPEAK PROPERTIE 2.125% 12/01/28						271						238
			HF SINCLAIR CORP 5.875% 4/01/26						155						157

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

22

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			HIGH STREET FDG TR I 4.111% 2/15/28						149						141
			HOME DEPOT INC 3.625% 4/15/52						170						138
			HSBC HLDGS PLC CONV 7.350% 11/27/32						224						238
			HSBC HLDGS PLC V-D 6.254% 3/09/34						250						266
			HSBC HOLDINGS V-D 7.390% 11/03/28						430						460
			IBM CORP 3.500% 5/15/29						1,350						1,287
			ING GROEP CONV V-D 6.114% 9/11/34						242						254
			ING GROEP NV 3.950% 3/29/27						200						193
			INTEL CORP 4.875% 2/10/28						356						362
			INTEL CORP 5.625% 2/10/43						18						19
			INTEL CORP 5.700% 2/10/53						185						200
			INTUIT INC 5.200% 9/15/33						230						241
			INTUIT SR NT 5.500% 9/15/53						70						77
			JBS USA LUX 6.750% 3/15/34						270						284
			JERSEY CENTRAL PWR 6.150% 6/01/37						30						32
			JM SMUCKER CO 6.200% 11/15/33						95						104
			JM SMUCKER CO 6.500% 11/15/53						85						98
			KANSAS CITY POWER & 4.200% 3/15/48						60						50
			KBC GROUP V-S 6.324% 9/21/34						350						370
			KELLOGG CO 5.250% 3/01/33						196						201
			KEYCORP MTN V-D 4.789% 6/01/33						45						41
			KINDER MORGAN INC/DE 5.050% 2/15/46						40						36
			KLA CORP 3.300% 3/01/50						100						76
			KRAFT HEINZ FOODS CO 4.375% 6/01/46						120						105
			KRAFT HEINZ FOODS CO 4.625% 10/01/39						155						144
			L3HARRIS TECH INC 5.400% 7/31/33						203						211
			LASMO USA INC DTD 7.300% 11/15/27						70						75
			LEAR CORP 2.600% 1/15/32						85						69
			LEIDOS INC 5.750% 3/15/33						110						115
			LLOYDS BANKING GROUP 4.375% 3/22/28						200						195
			LLOYDS BANKING V-A 5.985% 8/07/27						229						233
			LLOYDS TSB CONV V-S 3.511% 3/18/26						200						195
			LOUISVILLE GAS & ELE 4.650% 11/15/43						100						87
			LOWE'S COS INC 2.625% 4/01/31						230						201
			LOWE'S COS INC 3.000% 10/15/50						225						153
			LOWE'S COS INC 5.625% 4/15/53						124						130
			LUBRIZOL CORP 6.500% 10/01/34						193						225
			LYB INTL FINANCE BV 4.875% 3/15/44						170						157
			MANULIFE FINL CORP 3.703% 3/16/32						310						291

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

23

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			MARSH & MCLENNAN COS 4.375% 3/15/29						325						323
			MARVELL TECHNOLOGY 5.750% 2/15/29						250						258
			MASCO CORP 2.000% 10/01/30						90						74
			MASCO CORP 6.500% 8/15/32						110						120
			MASS MUTUAL LIFE 5.672% 12/01/52						154						159
			MCDONALD'S CORP 4.200% 4/01/50						125						111
			MCDONALD'S CORP 4.700% 12/09/35						101						100
			MCDONALD'S CORP 6.300% 10/15/37						38						43
			MDC HOLDINGS INC 2.500% 1/15/31						66						54
			MEAD JOHNSON NUTRITI 4.600% 6/01/44						35						33
			MEMORIAL HEALTH SERV 3.447% 11/01/49						310						235
			MERCK & CO INC 5.000% 5/17/53						155						159
			MERCK & CO INC 5.150% 5/17/63						120						125
			MET LIFE GLOB MTN 3.300% 3/21/29						542						503
			META PLATFORMS INC 5.600% 5/15/53						235						255
			MICROSOFT CORP 3.041% 3/17/62						46						33
			MID-AMERICA APARTMEN 1.700% 2/15/31						160						130
			MIDAMERICAN ENERGY 5.850% 9/15/54						110						122
			MIDMICHIGAN HEALTH 3.409% 6/01/50						90						64
			MITSUBISHI UFJ FIN 2.048% 7/17/30						360						303
			MITSUBISHI UFJ FIN 3.751% 7/18/39						290						254
			MITSUBISHI UFJ V-A 5.422% 2/22/29						420						428
			MIZUHO FINANCIAL V-A 5.778% 7/06/29						425						437
			MIZUHO FINL GRP V-A 5.739% 5/27/31						280						288
			MOLSON COORS BREWING 4.200% 7/15/46						139						118
			MOODY'S CORPORATION 3.250% 5/20/50						210						154
*			MORGAN STANLEY 3.125% 7/27/26						500						479
*			MORGAN STANLEY V-D 5.164% 4/20/29						340						342
*			MORGAN STANLEY V-D 5.424% 7/21/34						60						61
*			MORGAN STANLEY V-D 5.449% 7/20/29						85						87
			MPLX LP 4.800% 2/15/29						139						138
			MUTUAL OMAHA GLOBAL 5.800% 7/27/26						200						204
			NASDAQ INC 5.550% 2/15/34						85						88
			NATIONAL RETAIL PROP 3.600% 12/15/26						62						59
			NATIONAL SECS CLEAR 5.000% 5/30/28						284						289
			NATIONWIDE V-D 6.557% 10/18/27						260						269
			NATL BANK OF CANADA 5.600% 12/18/28						285						292
			NATWEST GRP CONV V-A 7.472% 11/10/26						200						207
			NEVADA POWER CO 6.000% 3/15/54						110						121

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

24

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			NEXTERA ENERGY CAP 5.749% 9/01/25						430						434
			NNN REIT INC 5.600% 10/15/33						150						155
			NOMURA HOLDINGS INC 2.679% 7/16/30						200						170
			NORDEA BANK ABP 5.375% 9/22/27						200						203
			NORFOLK SOUTHERN COR 3.942% 11/01/47						151						126
			NORFOLK SOUTHERN COR 4.837% 10/01/41						235						226
			NORTHEASTERN UNIVERS 2.894% 10/01/50						400						281
			NORTHERN STATE PWR- 6.200% 7/01/37						50						55
			NORTHERN STATES PWR 5.100% 5/15/53						190						192
			NORTHERN STS PWR CO 4.500% 6/01/52						217						199
			NORTHROP GRUMMAN COR 5.250% 5/01/50						335						345
			NUCOR CORP 2.979% 12/15/55						50						34
			NUTRIEN LTD 4.125% 3/15/35						100						92
			NVENT FINANCE SARL 4.550% 4/15/28						98						95
			NXP BV / NXP FDG LLC 2.500% 5/11/31						300						255
			NXP BV / NXP FDG LLC 3.250% 5/11/41						425						324
			NXP BV/NXP FDG LLC 3.150% 5/01/27						350						332
			OGLETHORPE POWER CRP 6.200% 12/01/53						303						325
			OHIO POWER COMPANY 2.900% 10/01/51						240						163
			ONCOR ELECTRIC DELIV 3.100% 9/15/49						215						154
			ORACLE CORP 1.650% 3/25/26						300						280
			ORACLE CORP 3.850% 7/15/36						267						233
			ORACLE CORP 3.950% 3/25/51						174						136
			ORACLE CORP 4.000% 7/15/46						120						96
			ORACLE CORP 4.900% 2/06/33						220						219
			ORACLE CORP 5.550% 2/06/53						160						160
			OTIS WORLDWIDE CORP 2.565% 2/15/30						200						178
			OTIS WORLDWIDE CORP 5.250% 8/16/28						250						257
			PACIFIC GAS & ELEC 2.950% 3/01/26						105						99
			PACIFIC GAS & ELEC 6.750% 1/15/53						10						11
			PACIFIC GAS & ELECTR 3.750% 8/15/42						50						37
			PACIFIC GAS & ELECTR 4.300% 3/15/45						85						67
			PACIFIC GAS & ELECTR 4.450% 4/15/42						200						161
			PACIFIC GAS AND ELEC 3.450% 7/01/25						170						165
			PACIFIC GAS&ELEC 6.400% 6/15/33						160						168
			PECO ENERGY CO 2.800% 6/15/50						100						67
			PENSKE TRUCK LEASING 5.700% 2/01/28						276						282
			PENSKE TRUCK LEASING 5.875% 11/15/27						132						135
			PEPPERDINE UNIV 3.301% 12/01/59						150						103

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

25

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			PFIZER INVT ENTERPRI 5.300% 5/19/53						360						368
			PG&E RECOV FND 5.536% 7/15/47						180						186
			PG&E WILDFIRE RECOV 4.263% 6/01/38						125						118
			PG&E WILDFIRE RECOV 5.099% 6/01/54						150						150
			PG&E WILDFIRE RECOV 5.212% 12/01/49						80						80
			PHILLIPS 66 4.900% 10/01/46						50						47
			PHILLIPS 66 5.300% 6/30/33						180						185
			PHILLIPS 66 CO 3.150% 12/15/29						105						96
			PHILLIPS 66 CO 3.550% 10/01/26						15						14
			PHYSICIANS REALTY LP 2.625% 11/01/31						140						115
			PIEDMONT HEALTHCARE 2.864% 1/01/52						245						163
			PIONEER NATURAL RESO 1.900% 8/15/30						230						195
			PNC FINANCIAL 5.068% 1/24/34						253						248
			PNC FINANCIAL V-D 5.582% 6/12/29						279						285
			PNC FINANCIAL V-D 5.939% 8/18/34						255						265
			PPL ELECTRIC UTI 5.250% 5/15/53						160						165
			PRECISION CASTPARTS 3.900% 1/15/43						250						217
			PRECISION CASTPARTS 4.375% 6/15/45						80						72
*			PRINCIPAL FINANCIAL 3.700% 5/15/29						105						99
			PROGRESS ENERGY INC 7.000% 10/30/31						50						56
			PROLOGIS LP 2.875% 11/15/29						90						82
			PROV ST JOSEPH HLTH 2.746% 10/01/26						28						26
			PSI ENERGY INC 6.120% 10/15/35						50						53
			PUBLIC SERVICE COLOR 3.550% 6/15/46						27						20
			PUBLIC SERVICE ENTER 2.875% 6/15/24						400						395
			PUBLIC STORAGE 1.950% 11/09/28						124						111
			PUBLIC STORAGE 2.250% 11/09/31						104						89
			QUALCOMM INC 4.500% 5/20/52						115						107
			QUANTA SERVICES INC 2.350% 1/15/32						200						166
			REALTY INCOME CORP 1.800% 3/15/33						145						113
			REALTY INCOME CORP 4.850% 3/15/30						200						201
			REGENCY CENTERS LP 2.950% 9/15/29						180						161
			REGENCY CENTERS LP 4.125% 3/15/28						200						192
			REGENERON PHARMACEUT 1.750% 9/15/30						290						238
			REPUBLIC SERVICES 5.000% 4/01/34						80						82
			ROGERS COMM INC 4.550% 3/15/52						140						122
			ROPER TECHNOLOGIES 2.000% 6/30/30						130						110
			ROYAL BK SCOTLND GRP 4.800% 4/05/26						200						198
			RTX CORPORATION						105						83

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

26

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			RTX CORPORATION 2.375% 3/15/32						273						228
			RTX CORPORATION 4.350% 4/15/47						17						15
			RTX CORPORATION 5.150% 2/27/33						154						157
			RYDER SYSTEM INC 1.750% 9/01/26						271						250
			S&P GLOBAL INC 2.900% 3/01/32						151						135
			SABINE PASS LIQUEFAC 4.500% 5/15/30						220						215
			SABRA HEALTH CARE LP 3.200% 12/01/31						230						188
			SAFEHOLD OPERATING 2.800% 6/15/31						245						201
			SAN DIEGO G & E 2.950% 8/15/51						195						137
			SAN DIEGO G & E 6.125% 9/15/37						80						85
			SANTANDER CONV V-D 6.534% 1/10/29						350						362
			SANTANDER CONV V-D 6.833% 11/21/26						200						204
			SCE RECOVERY FUNDING 4.697% 6/15/40						173						171
			SHELL INTERNATIONAL 5.500% 3/25/40						165						176
			SIGECO SECURITIZ 5.026% 11/15/38						174						175
			SOUTHERN CAL EDISON 3.650% 3/01/28						100						96
			SOUTHERN CAL EDISON 4.050% 3/15/42						150						126
			SOUTHERN CAL EDISON 4.125% 3/01/48						140						118
			SOUTHERN CAL EDISON 5.700% 3/01/53						80						84
			SOUTHERN CAL EDISON 5.875% 12/01/53						201						216
			SOUTHERN CALIF EDISO 5.550% 1/15/36						100						102
			SOUTHERN CO 3.250% 7/01/26						400						386
			SOUTHERN CO 5.700% 3/15/34						140						147
			SOUTHERN CO GAS CAP 5.750% 9/15/33						170						179
			SOUTHERN CO GAS CAPI 3.150% 9/30/51						165						111
			SOUTHERN CO GAS CAPI 3.950% 10/01/46						26						20
			SOUTHERN POWER CO 5.150% 9/15/41						70						66
			SOUTHWEST GAS CORP 3.800% 9/29/46						49						37
			SOUTHWESTERN PUBLIC 4.500% 8/15/41						30						27
			SPIRIT AIR 2017-1 PT 3.375% 2/15/30						54						47
			SPRINT CAP CORP 6.875% 11/15/28						105						114
			SPRINT CORP 7.625% 3/01/26						71						74
			STANDARD CHARTERED 6.187% 7/06/27						200						203
			STARBUCKS CORP 4.800% 2/15/33						310						317
			STEEL DYNAMICS INC 1.650% 10/15/27						101						90
			SUMITOMO MITSUI FIN 5.520% 1/13/28						385						394
			SUMITOMO MITSUI FIN 5.710% 1/13/30						385						400
			SUNOCO LOGISTICS PAR 3.900% 7/15/26						350						340
			SWEDBANK AB SR 6.136% 9/12/26						260						265

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

27

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			TAKEDA PHARMACEUTICA 3.025% 7/09/40						315						242
			TAKEDA PHARMACEUTICA 3.175% 7/09/50						200						143
			TAMPA ELECTRIC CO 4.450% 6/15/49						225						193
			TEXAS HEALTH RESOURC 2.328% 11/15/50						200						121
			TEXAS INSTRUMENTS 5.050% 5/18/63						192						197
			THERMO FISHER SCIENT 2.000% 10/15/31						90						76
			TIME WARNER CABLE IN 5.500% 9/01/41						200						173
			TIME WARNER CABLE IN 5.875% 11/15/40						250						226
			T-MOBILE USA INC 3.375% 4/15/29						350						325
			T-MOBILE USA INC 5.050% 7/15/33						490						494
			TOLEDO EDISON COMPAN 6.150% 5/15/37						50						54
			TORONTO DOM MTN CONV 5.523% 7/17/28						145						149
			TOTAL CAPITAL INTL 2.986% 6/29/41						780						606
			TRANE TECH FIN LTD 5.250% 3/03/33						130						135
			TRANS-CANADA PIPELIN 6.200% 10/15/37						60						64
			TRUIST FIN MTN V-D 5.122% 1/26/34						130						126
			TRUIST FIN MTN V-D 6.047% 6/08/27						150						153
			TRUIST FIN MTN V-D 7.161% 10/30/29						205						221
			TUCSON ELECTRIC POWE 4.850% 12/01/48						125						113
			UDR INC 2.100% 8/01/32						250						196
			UDR INC 2.950% 9/01/26						32						30
			UNION CARBIDE CORP 7.750% 10/01/96						110						138
			UNION ELEC CO 5.450% 3/15/53						170						175
			UNITED AIR 2013-1 A 4.300% 2/15/27						138						134
			UNITED AIR 2016-1 AA 3.100% 7/07/28						137						125
			UNITED AIR 2016-1 B 3.650% 1/07/26						43						41
			UNITED AIR 2016-2 A 3.100% 10/07/28						241						210
			UNITED AIR 2018-1 A 3.700% 3/01/30						338						295
			UNITED AIR 2018-1 AA 3.500% 3/01/30						100						91
			UNITED AIR 2018-1 B 4.600% 3/01/26						108						103
			UNITED AIR 2019-1 A 4.550% 8/25/31						218						194
			UNITED AIR 2019-1 AA 4.150% 8/25/31						204						188
			UNITED AIR 2020-1 A 5.875% 10/15/27						278						281
			UNITEDHEALTH GROUP 3.250% 5/15/51						200						151
			UNITEDHEALTH GRP INC 5.875% 2/15/53						105						119
			UNIV OF SOUTHERN CAL 3.226% 10/01/20						200						124
			US BANCORP V-D 5.727% 10/21/26						128						129
			VALERO ENERGY CORP 2.150% 9/15/27						134						122
			VALERO ENERGY CORP 7.500% 4/15/32						21						24

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

28

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			VENTAS REALTY LP 3.250% 10/15/26						25						24
			VERISK ANALYTICS INC 3.625% 5/15/50						200						151
			VERISK ANALYTICS INC 5.750% 4/01/33						170						182
			VERIZON COMM INC 5.050% 5/09/33						360						367
			VERIZON COMMUNICATIO 3.550% 3/22/51						200						154
			VIRGINIA EL&PWR 5.700% 8/15/53						300						318
			VIRGINIA ELEC & POWE 3.800% 9/15/47						50						40
			VMWARE INC 1.400% 8/15/26						680						622
			VR BANCO SANTANDER 1.722% 9/14/27						200						181
			VR BANK OF AMERICA 1.734% 7/22/27						450						412
			VR BANK OF AMERICA 1.898% 7/23/31						160						131
			VR BANK OF AMERICA 2.087% 6/14/29						219						193
			VR BANK OF AMERICA 2.572% 10/20/32						345						286
			VR BANK OF AMERICA 2.676% 6/19/41						675						483
			VR BANK OF AMERICA 3.311% 4/22/42						151						118
			VR BANK OF AMERICA 3.970% 3/05/29						81						77
			VR BANK OF AMERICA 3.974% 2/07/30						1,845						1,746
			VR BANK OF MONTREAL 3.803% 12/15/32						67						62
			VR BARCLAYS PLC 2.894% 11/24/32						200						164
			VR CAPITAL ONE FINAN 1.878% 11/02/27						34						31
			VR CITIGROUP INC 1.122% 1/28/27						500						460
			VR CITIGROUP INC 2.520% 11/03/32						385						317
			VR CITIGROUP INC 3.057% 1/25/33						133						113
			VR CITIGROUP INC 3.668% 7/24/28						290						276
			VR CITIGROUP INC 3.878% 1/24/39						50						43
			VR CITIGROUP INC 4.412% 3/31/31						2,520						2,410
			VR DEUTSCHE BANK NY 2.129% 11/24/26						220						206
			VR GOLDMAN SACHS GRO 1.948% 10/21/27						61						56
			VR GOLDMAN SACHS GRO 1.992% 1/27/32						400						323
			VR GOLDMAN SACHS GRO 2.383% 7/21/32						290						238
			VR GOLDMAN SACHS GRO 2.640% 2/24/28						234						217
			VR GOLDMAN SACHS GRO 3.691% 6/05/28						639						611
			VR HSBC HOLDINGS PLC 2.206% 8/17/29						220						192
			VR HSBC HOLDINGS PLC 2.357% 8/18/31						320						265
*			VR JPMORGAN CHASE & 4.005% 4/23/29						2,485						2,391
*			VR JPMORGAN CHASE & 4.203% 7/23/29						600						583
			VR LLOYDS BANKING GR 2.438% 2/05/26						300						289
			VR MITSUBISHI UFJ FI 1.538% 7/20/27						310						283
			VR MIZUHO FINANCIAL 1.234% 5/22/27						284						259

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

29

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
*			VR MORGAN STANLEY 1.794% 2/13/32						470						375
*			VR MORGAN STANLEY 2.475% 1/21/28						211						196
*			VR MORGAN STANLEY 3.622% 4/01/31						200						184
*			VR MORGAN STANLEY 4.431% 1/23/30						137						133
*			VR MORGAN STANLEY 4.457% 4/22/39						135						125
			VR NORTHERN TRUST CO 3.375% 5/08/32						38						35
			VR ROYAL BK SCOTLND 3.754% 11/01/29						236						230
			VR ROYAL BK SCOTLND 4.445% 5/08/30						235						225
			VR ROYAL BK SCOTLND 5.076% 1/27/30						200						197
			VR SANTANDER UK GROU 1.673% 6/14/27						270						245
			VR WESTPAC BANKING 2.894% 2/04/30						250						241
			VR WESTPAC BANKING 4.322% 11/23/31						120						115
			WARNERMEDIA HLDG 5.141% 3/15/52						127						109
			WASTE MANAGEMENT INC 4.150% 4/15/32						163						159
			WELLS FARGO & COMPAN 4.300% 7/22/27						148						145
			WELLS FARGO & COMPAN 4.900% 11/17/45						67						61
			WELLS FARGO CO 5.557% 7/25/34						220						224
			WELLS FARGO CO V-D 5.574% 7/25/29						650						664
			WELLS FARGO CO V-D 6.491% 10/23/34						335						365
			WELLTOWER INC 4.250% 4/01/26						100						98
			WESTPAC BANKING CORP 3.133% 11/18/41						175						122
			WESTPAC NZ LTD 4.902% 2/15/28						390						389
			WILLIAMS COS INC 5.650% 3/15/33						140						146
			WISCONSIN ENERGY COR 3.550% 6/15/25						29						28
			WORKDAY INC 3.500% 4/01/27						225						218
			WP CAREY INC 2.450% 2/01/32						180						146
			WP CAREY INC 4.250% 10/01/26						300						293
			WW GRAINGER INC 4.600% 6/15/45						91						87
			XCEL ENERGY INC 3.400% 6/01/30						200						185
			YALE-NEW HAVEN HLTH 2.496% 7/01/50						210						130
			ZOETIS INC 2.000% 5/15/30						190						164
			Total Corporate Debt Instruments												$	108,503
			Common Stocks
			ACADEMY SPORTS & OUTDOORS INC						34						2,235
			ACCO BRANDS CORP						192						1,165
			ACI WORLDWIDE INC						84						2,576
			ADOBE INC						14						8,288

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

30

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			AERCAP HOLDINGS NV						136						10,122
			AGCO CORP COM						18						2,196
			AIR LEASE CORP						49						2,046
			AIR PRODS & CHEMS INC COM						62						16,852
			ALASKA AIR GROUP INC						105						4,096
			ALEXANDER & BALDWIN INC						69						1,311
			ALLEGRO MICROSYSTEMS INC						19						566
			ALLIANT ENERGY CORPORATION						42						2,136
			ALLSTATE CORP						46						6,477
			ALPHABET INC CL C						196						27,602
			ALTRIA GROUP INC						242						9,768
			AMDOCS LIMITED COM						12						1,047
*			AMERICAN EXPRESS CO						4,273						800,457
			AMERICAN TOWER CORP						65						13,987
			AMERICAN WOODMARK CORP COM						25						2,314
			AMERICOLD REALTY TRUST INC REIT						76						2,306
			AMKOR TECHNOLOGIES INC COM						39						1,294
			AMPHENOL CORP CL A						161						15,945
			APPLE INC						152						29,318
			ARAMARK						70						1,966
			ASCENDIS PHARMA A/S-ADR						16						2,015
			ASPEN TECHNOLOGY INC						4						947
			ASSURED GUARANTY LTD USD 1.0						24						1,788
			ASTRAZENECA PLC ADR						47						3,191
			AT & T INC						472						7,915
			ATLANTIC UNION BANKSHARES CORP						65						2,372
			ATRICURE INC						35						1,260
			AUTOLIV INC COM						33						3,587
			AVANTOR INC						99						2,253
			AVIENT CORP						28						1,164
			AXALTA COATING SYSTEMS LTD						134						4,554
			AXON ENTERPRISE INC						6						1,550
			AZEK CO INC/THE						37						1,396
			BANK OF AMERICA CORP						137						4,625
			BAXTER INTL INC						137						5,284
			BELDEN INC						25						1,894
			BENTLEY SYSTEMS INC						42						2,192
*			BERKSHIRE HATHAWAY INC.						85						30,122
			BJ'S WHOLESALE CLUB HOLDINGS						50						3,355

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

31

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
*			BLACKROCK INC						26						21,301
			BLUE OWL CAPITAL INC CL A						149						2,222
			BOISE CASCADE CO						13						1,732
			BOOT BARN HOLDINGS INC						20						1,535
			BP PLC - ADR						260						9,212
			BRADY CORP						37						2,189
			BREAD FINANCIAL HOLDINGS INC						57						1,875
			BRIGHTVIEW HOLDINGS INC						70						586
			BRISTOL MYERS SQUIBB CO						106						5,423
			BRP GROUP INC						54						1,299
			BRUNSWICK CORP						15						1,451
			BUMBLE INC						61						899
			CACI INTL INC FORMERLY CACI INC TO						3						1,118
			CACTUS INC						31						1,385
			CADENCE BANK						57						1,681
			CANADIAN NAT RES LTD						74						4,824
			CARLISLE COS INC						4						1,094
			CCC INTELLIGENT SOLUTIONS HLD						92						1,048
			CENTERSPACE						24						1,392
			CENTURY COMMUNITIES INC						20						1,821
			CHART INDUSTRIES INC						28						3,765
			CHEMED CORP NEW						3						1,754
			CHESAPEAKE ENERGY CORP						20						1,555
			CHEVRON CORP						133						19,827
			CHORD ENERGY CORPORATION						30						5,006
			CINCINNATI FINANCIAL CORP						93						9,648
			CISCO SYSTEMS INC						273						13,801
			CITIGROUP INC.						342						17,600
			CLEARWATER ANALYTICS HLDGS INC						90						1,801
			COGENT COMMUNICATIONS HOLDINGS,INC						14						1,055
			COLLIERS INTERNATIONAL GROUP						16						2,022
			COMCAST CORP CLASS A						239						10,476
			CONAGRA BRANDS INC						233						6,674
			CONOCOPHILLIPS						56						6,446
			COOPER COS INC COM NEW						5						1,822
			COPT DEFENSE PROPERTIES REIT						82						2,114
			CROWN CASTLE INC REIT						108						12,439
			CROWN HLDGS INC						49						4,552
			CTS CORP						40						1,731

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

32

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			CULLEN FROST BANKERS INC COM						21						2,269
			CVS HEALTH CORPORATION						176						13,878
			CYBER-ARK SOFTWARE LTD/ISRAE						10						2,125
			DANAHER CORP						90						20,905
			DECKERS OUTDOOR CORP						2						1,003
			DELTA AIR LINES INC						209						8,400
			DENTSPLY SIRONA INC						153						5,439
			DEVON ENERGY CORPORATION						79						3,563
			DIAGEO PLC - ADR						88						12,861
			DIAMONDBACK ENERGY INC						14						2,200
			DIGITALBRIDGE GROUP INC CL A REIT						128						2,239
			DOLLAR GENERAL CORP						68						9,305
			DOMINION ENERGY INC						216						10,150
			DOMINOS PIZZA INC						5						2,183
			DRIVEN BRANDS HOLDINGS INC						69						985
			EAGLE MATLS INC						6						1,116
			EASTERN BANKSHARES INC						86						1,215
			ECOLAB INC						66						13,028
			ECOVYST INC						226						2,207
			EDISON INTL COM						96						6,857
			ELASTIC NV						15						1,657
			ELEMENT SOLUTIONS INC						123						2,840
			EMCOR GROUP INC COM						9						1,939
			ENCOMPASS HEALTH CORP						40						2,669
			ENCORE WIRE CORP						11						2,377
			EPLUS INC						28						2,257
			ESAB CORP						26						2,226
			EUROPEAN WAX CENTER INC						65						889
			EXELIXIS INC						153						3,682
			EXPONENT INC						15						1,321
			FASTENAL CO						238						15,446
			FEDEX CORPORATION						25						6,230
			FIDELITY NATL INFORMATION SVCS INC						237						14,209
			FIRST CTZNS BANCSHARES INC CL A						2						2,265
			FIRST INTERSTATE BANCSYSTEM IN						20						627
			FIRSTENERGY CORP COM						159						5,828
			FISERV INC						65						8,612
			FIVE BELOW INC						13						2,837
			FLOOR & DECOR HOLDINGS INC						12						1,361

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

33

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FLYWIRE CORP						22						509
			FMC CORP COM NEW						139						8,786
			FORTUNE BRANDS INNOVATIONS INC						28						2,117
			FULLER H B CO						23						1,882
			GARTNER INC						31						13,914
			GENERAC HOLDINGS INC						6						771
			GENERAL MOTORS CO						256						9,184
			GFL ENVIRONMENTAL INC-SUB VT						94						3,244
			GLACIER BANCORP INC MONTANA						39						1,603
			GLOBAL PMTS INC W/I						83						10,496
			GLOBAL-E ONLINE LTD						37						1,454
			GOODYEAR TIRE & RUBR CO						131						1,873
			GSK PLC SPONS ADR						180						6,673
			HAEMONETICS CORP MASS						14						1,173
			HAMILTON LANE INC						19						2,155
			HANCOCK WHITNEY CORP						40						1,923
			HASHICORP INC						43						1,014
			HEALTHEQUITY INC						16						1,034
			HENRY JACK & ASSOC INC COM						7						1,062
			HEXCEL CORP NEW COM						61						4,534
			HOST HOTELS & RESORTS, INC.						78						1,512
			HOULIHAN LOKEY INC						15						1,739
			HOWARD HUGHES HOLDINGS INC						51						4,365
			HUBBELL INCORPORATED						7						2,347
			HURON CONSULTING GROUP INC						14						1,409
			IAC INC						22						1,126
			ICU MED INC COM						14						1,426
			IDACORP INC						22						2,128
			INDEPENDENCE REALTY TRUST INC						113						1,730
			INGREDION INC						41						4,417
			INSULET CORP						4						890
			INTEGER HOLDINGS CORP						23						2,235
			INTEGRA LIFESCIENCES HOLDING						56						2,450
			INTEGRAL AD SCIENCE HOLDING CO						83						1,190
			INTERCONTINENTAL EXCHANGE, INC						57						7,306
			INTERNATIONAL BANCSHARES CRP						25						1,367
			INTERNATIONAL GENERAL INSURANC						117						1,501
			INTRA-CELLULAR THERAPIES INC						25						1,755
			INTUIT COM						30						19,039

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

34

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			ITT INC						10						1,157
			J & J SNACK FOODS CORP						12						2,016
			JANUS INTERNATIONAL GROUP INC						110						1,438
			JAZZ PHARMACEUTICALS PLC						43						5,323
			JFROG LTD						49						1,679
			JOHNSON & JOHNSON						153						23,981
*			JPMORGAN CHASE & CO						53						9,055
			KEMPER CORP						50						2,431
			KENVUE INC						157						3,370
			KIMCO REALTY CORP REIT						98						2,097
			KNIGHT-SWIFT TRANSPORTATION						15						883
			KONTOOR BRANDS INC						43						2,689
			KROGER CO						278						12,708
			KRYSTAL BIOTECH INC						12						1,464
			LEGEND BIOTECH CORP-ADR						24						1,420
			LEONARDO DRS INC						19						371
			LINDE PLC						35						14,500
			LITHIA MOTORS INC CL A COM						21						7,021
			LITTELFUSE INC COM						8						2,214
			LOWES COS INC						87						19,403
			LXP INDUSTRIAL TRUST REIT						122						1,211
			MACOM TECHNOLOGY SOLUTIONS H						14						1,285
			MAGNA INTL INC CL A						50						2,970
			MARSH & MCLENNAN COS INC						34						6,399
			MASONITE INTERNATIONAL CORP						14						1,149
			MASTERCARD INC						42						17,957
			MATADOR RESOURCES CO						33						1,899
			MATIV HOLDINGS INC						147						2,253
			MEDTRONIC PLC						66						5,418
			MERCK & CO INC NEW						162						17,625
			MERCURY SYSTEMS INC						59						2,150
			META PLATFORMS INC CL A						15						5,247
			MICRON TECHNOLOGY INC						48						4,109
			MICROSOFT CORP						122						45,580
			MIDDLEBY CORP						14						2,073
			MONRO INC						52						1,511
			MOOG INC CL A						15						2,154
			MOONLAKE IMMUNOTHERAPEUTICS CL A						25						1,486
			NATIONAL STORAGE AFFILIATES TR						43						1,762

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

35

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			NESTLE S.A. REGISTERED SHARES - ADR						91						10,507
			NETSTREIT CORP						82						1,455
			NEW YORK CMNTY BANCORP INC						484						4,953
			NEWMONT CORP						114						4,708
			NICE LTD - SPON ADR						7						1,397
			NINTENDO CO., LTD. - ADR						857						11,138
			NMI HOLDINGS INC						52						1,548
			NORFOLK SOUTHERN CORP						87						20,576
			NORTHERN OIL AND GAS INC						73						2,719
			NORTHROP GRUMMAN CORP						32						14,829
			NORTHWESTERN ENERGY GROUP INC						20						1,009
			NRG ENERGY INC						179						9,261
			ONE GAS INC						21						1,329
			ONTO INNOVATION INC						9						1,376
			ORGANON & CO						169						2,436
			OXFORD INDS INC						15						1,531
			PARAGON 28 INC						64						796
			PAYCHEX INC						121						14,387
			PAYLOCITY HOLDING CORP						11						1,813
			PAYPAL HOLDINGS INC						92						5,625
			PEBBLEBROOK HOTEL TRUST						119						1,899
			PERFICIENT INC						27						1,796
			PERFORMANCE FOOD GROUP CO						23						1,563
			PFIZER INC						136						3,924
			PHILIP MORRIS INTERNATIONAL IN						205						19,244
			PHILIPS ELECTRONICS - NY SHR ADR						246						5,733
			PHILLIPS EDISON & CO INC						37						1,352
			PHREESIA INC						34						792
			PIPER SANDLER COS						13						2,339
			PJT PARTNERS INC						12						1,172
			POOL CORPORATION						2						598
			PORTLAND GEN ELEC CO						37						1,622
			POST HOLDINGS INC						18						1,562
			POTLATCHDELTIC CORP						61						3,008
			POWERSCHOOL HOLDINGS INC						97						2,292
			PREMIER INC						46						1,036
			PRESTIGE CONSUMER HEALTHCARE						17						1,019
			PROASSURANCE CORPORATION						162						2,237
			PROGRESS SOFTWARE CORP						38						2,085

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

36

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			PROGRESSIVE CORP OHIO						99						15,752
			QUIDELORTHO CORP						8						588
			RAMBUS INC DEL COM						26						1,781
			RAPT THERAPEUTICS INC						26						634
			REGAL REXNORD CORP						13						1,850
			REINSURANCE GROUP AMER CLASS A NEW						14						2,227
			RENAISSANCERE HOLDINGS COM						18						3,650
			REXFORD INDUSTRIAL REALTY INC						40						2,247
			ROYAL DUTCH SHELL PLC ADR						123						8,063
			RPM INTERNATIONAL INC						9						1,016
			RYDER SYS INC						15						1,711
			S&P GLOBAL INC						34						14,897
			SAIA INC						2						1,008
*			SCHWAB CHARLES CORP NEW						330						22,723
			SEACOAST BANKING CORP/FL						135						3,824
			SEALED AIR CORP COM						46						1,673
			SHARKNINJA INC						22						1,131
			SHOCKWAVE MEDICAL INC						7						1,400
			SHUTTERSTOCK INC						42						2,028
			SIRIUSPOINT LTD						140						1,619
			SITIO ROYALTIES CORP CL A						101						2,380
			SMARTSHEET INC						41						1,937
			SONOS INC						135						2,322
			SPECTRUM BRANDS HLDGS INC NEW						25						2,008
			SPROUT SOCIAL INC						13						780
			STARBUCKS CORP COM						174						16,699
			STERLING CHECK CORP						153						2,127
			STEVANATO GROUP SPA						43						1,160
			SUMMIT MATERIALS INC						58						2,219
			SYNAPTICS INC						19						2,168
			SYNOVUS FINANCIAL CORP						40						1,518
			TARGET CORP						29						4,099
			TELEFLEX INC						4						1,122
			TERADYNE INC						59						6,331
			TETRA TECH INC NEW						10						1,669
			TEXAS INSTRUMENTS INC						123						21,003
			TEXAS ROADHOUSE, INC COMMON STOCK						19						2,263
			THERMO FISHER SCIENTIFIC INC						40						21,242
			THERMON GROUP HOLDINGS INC						10						321

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

37

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			TIMKEN CO						28						2,207
			TJX COMPANIES INC						160						14,989
			T-MOBILE US INC						107						17,207
			TOPGOLF CALLAWAY BRANDS CORP						62						883
			TPG INC						33						1,438
			TRI POINTE HOMES INC						57						2,024
			TRIMAS CORP						95						2,394
			TYSON FOODS INC CL A DEL						136						7,291
			UGI CORP NEW COM						110						2,700
			UNIFIRST CORP MASS						5						979
			UNITED PARCEL SERVICE-CL B						94						14,851
			UNIVERSAL DISPLAY CORP						9						1,626
			URBAN EDGE PROPERTIES-W/I						87						1,598
			US FOODS HOLDING CORP						34						1,534
			VAIL RESORTS INC COM						5						1,089
			VERADIGM INC						99						1,037
			VERISK ANALYTICS INC						56						13,354
			VERIZON COMMUNICATIONS						232						8,764
			VERTIV HOLDINGS LLC CL A						23						1,114
			VESTIS CORPORATION						121						2,563
			VIATRIS INC						275						2,977
			VISA INC-CLASS A SHRS						103						26,690
			VISTEON CORP/NEW						23						2,908
			VONTIER CORP						171						5,892
			WALT DISNEY CO						92						8,279
			WARBY PARKER INC						35						487
			WEATHERFORD INTL LTD						12						1,157
			WEBSTER FINL CORP WATERBURY CONN						37						1,880
			WELLS FARGO & CO						126						6,192
			WESTROCK CO						53						2,192
			WEX INC						7						1,440
			WHITE MTNS INS GROUP						1						1,561
*			WILLIS TOWERS WATSON PUB LTDCO						29						6,881
			WILLSCOT MOBILE MINI HOLDINGS						23						1,001
			WINTRUST FINL CORP						23						2,178
			WNS HOLDINGS LTD ADR						50						3,133
			WORKIVA INC						20						2,010
			WYNDHAM HOTELS & RESORTS INC						24						1,967
			XENON PHARMACEUTICALS INC						23						1,036

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

38

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			XPO INC						19						1,684
			XYLEM INC/NY						95						10,898
			ZOETIS INC						79						15,504
			Total Common Stocks												$	2,371,145
			U.S. Government and Agency Obligations
			FHLMC PL #841090 5.118% 10/01/46						205						209
			FHLMC PL #QA9122 2.500% 5/01/50						666						574
			FHLMC PL #QC3244 3.000% 6/01/51						755						669
			FHLMC PL #QN1779 2.500% 3/01/35						215						199
			FHLMC PL #RA5276 2.500% 5/01/51						783						672
			FHLMC PL #RA7937 5.000% 9/01/52						636						630
			FHLMC PL #SB0307 2.500% 2/01/35						291						271
			FHLMC PL #SD1100 2.500% 5/01/52						255						220
			FHLMC PL #SD1217 2.000% 3/01/52						389						322
			FHLMC PL #SD1658 2.500% 4/01/52						1,799						1,531
			FHLMC PL #SD3283 5.000% 5/01/53						369						369
			FHLMC PL #SD3567 4.500% 5/01/53						1,961						1,901
			FHLMC PL #SD8205 2.500% 4/01/52						1,361						1,158
			FHLMC PL #SD8219 2.500% 6/01/52						1,441						1,226
			FHLMC PL #SD8265 4.000% 11/01/52						1,997						1,888
			FHLMC PL #WA1626 3.450% 8/01/32						1,004						932
			FHLMC PL #WN3233 3.190% 7/01/33						1,500						1,363
			FHLMC POOL #G60722 3.000% 10/01/46						304						277
			FHLMC POOL #J36413 3.000% 2/01/32						701						671
			FHLMC POOL #Q42018 3.500% 7/01/46						164						153
			FHLMC POOL #QD0878 2.500% 11/01/51						1,285						1,108
			FHLMC POOL #RB5039 3.500% 3/01/40						1,082						1,036
			FHLMC POOL #SB0378 3.500% 4/01/34						419						412
			FHLMC POOL #SD0397 2.500% 7/01/50						1,180						1,022
			FHLMC POOL #SD8037 2.500% 1/01/50						1,087						933
			FHLMC POOL #SD8194 2.500% 1/01/52						2,331						1,984
			FHLMC POOL #ZA5297 4.000% 3/01/48						197						190
			FHLMC POOL #ZM0724 4.000% 1/01/46						646						622
			FHLMC POOL #ZM6956 4.500% 6/01/48						644						636
			FHLMC POOL #ZS4735 3.500% 9/01/47						300						278
			FNMA #BM6347 V-M 5.394% 2/01/41						229						236
			FNMA PL #AM6760 3.570% 10/01/29						621						597

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

39

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FNMA PL #AM6828 3.530% 10/01/29						423						405
			FNMA PL #BF0655 3.500% 6/01/62						1,199						1,082
			FNMA PL #BF0669 4.000% 6/01/52						992						933
			FNMA PL #BL2313 3.360% 5/01/34						462						423
			FNMA PL #BM6734 4.000% 8/01/59						904						859
			FNMA PL #BM7037 V-M 1.754% 3/01/32						899						728
			FNMA PL #BM7075 3.000% 3/01/61						1,126						992
			FNMA PL #BS2933 1.820% 9/01/33						1,130						894
			FNMA PL #BS3634 1.770% 11/01/31						1,000						818
			FNMA PL #BS4030 1.960% 1/01/32						1,200						1,006
			FNMA PL #BS4375 2.110% 1/01/32						1,000						846
			FNMA PL #BS4525 1.940% 1/01/32						1,000						827
			FNMA PL #BS4563 2.010% 1/01/32						1,000						837
			FNMA PL #BS4650 2.020% 1/01/32						1,500						1,259
			FNMA PL #BS4654 2.390% 3/01/32						871						752
			FNMA PL #BS4793 2.440% 2/01/34						1,146						964
			FNMA PL #BS6258 3.700% 8/01/32						900						849
			FNMA PL #BS6339 3.800% 9/01/32						673						639
			FNMA PL #BS6742 3.585% 11/01/29						1,307						1,251
			FNMA PL #BS7415 4.840% 1/01/33						1,500						1,540
			FNMA PL #BS7576 4.860% 12/01/27						486						493
			FNMA PL #BS7661 5.020% 12/01/30						1,279						1,317
			FNMA PL #BS7966 5.010% 8/01/33						984						1,017
			FNMA PL #BS7992 4.630% 9/01/29						1,960						1,980
			FNMA PL #BS8252 4.360% 4/01/30						874						870
			FNMA PL #BV5578 3.000% 5/01/52						1,416						1,253
			FNMA PL #BW6304 5.000% 8/01/52						297						299
			FNMA PL #BW6309 5.000% 8/01/52						308						305
			FNMA PL #BW9918 5.000% 10/01/52						295						294
			FNMA PL #BX0426 5.500% 11/01/52						649						657
			FNMA PL #BY4714 5.000% 6/01/53						1,486						1,470
			FNMA PL #CA5702 2.500% 5/01/50						756						652
			FNMA PL #CA5969 2.500% 6/01/50						257						221
			FNMA PL #CA6635 2.500% 8/01/50						352						305
			FNMA PL #CA6989 2.500% 9/01/50						1,240						1,073
			FNMA PL #CA7743 2.500% 11/01/50						1,388						1,183
			FNMA PL #CB2097 3.000% 11/01/51						2,093						1,852
			FNMA PL #CB2857 2.500% 2/01/52						267						229
			FNMA PL #CB3378 4.000% 4/01/52						985						932

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

40

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FNMA PL #CB3629 4.000% 5/01/52						1,644						1,556
			FNMA PL #CB5666 4.000% 2/01/53						1,058						1,000
			FNMA PL #CB6899 5.000% 8/01/53						284						285
			FNMA PL #FM3041 5.500% 8/01/49						160						164
			FNMA PL #FM8216 4.000% 11/01/48						276						265
			FNMA PL #FM8603 4.000% 9/01/49						167						161
			FNMA PL #FS0795 3.000% 1/01/42						938						864
			FNMA PL #FS0882 2.500% 3/01/52						1,316						1,134
			FNMA PL #FS1507 3.000% 2/01/52						4,200						3,717
			FNMA PL #FS1590 2.500% 4/01/52						326						279
			FNMA PL #FS1938 2.500% 2/01/52						370						317
			FNMA PL #FS3669 4.000% 3/01/46						255						249
			FNMA PL #FS3907 4.500% 1/01/53						388						381
			FNMA PL #FS4050 4.000% 3/01/38						322						317
			FNMA PL #FS4069 4.000% 5/01/35						335						331
			FNMA PL #FS4223 4.500% 5/01/47						285						284
			FNMA PL #FS5384 2.500% 6/01/51						1,451						1,250
			FNMA PL #FS5625 5.000% 8/01/53						384						383
			FNMA PL #FS5986 2.500% 2/01/52						1,387						1,189
			FNMA PL #FS6514 2.500% 9/01/51						1,000						859
			FNMA PL #MA4623 2.500% 5/01/52						3,036						2,584
			FNMA PL #MA4782 3.500% 10/01/52						2,564						2,353
			FNMA PL #MA4783 4.000% 10/01/52						1,933						1,828
			FNMA POOL #AM8856 2.920% 6/01/30						4,321						3,986
			FNMA POOL #AN5935 3.130% 7/01/27						890						853
			FNMA POOL #AN6026 2.980% 6/01/27						741						706
			FNMA POOL #AN6850 3.220% 9/01/32						1,000						898
			FNMA POOL #AN7596 3.160% 6/01/30						1,288						1,202
			FNMA POOL #AS5469 4.000% 7/01/45						834						804
			FNMA POOL #AS8984 4.500% 3/01/47						246						244
			FNMA POOL #BF0219 3.500% 9/01/57						1,444						1,309
			FNMA POOL #BK8753 4.500% 6/01/49						234						229
			FNMA POOL #BL0907 3.880% 12/01/28						1,350						1,321
			FNMA POOL #BL3217 3.330% 7/01/34						2,156						1,967
			FNMA POOL #BL4333 2.520% 11/01/29						1,417						1,284
			FNMA POOL #BL4791 2.710% 11/01/29						983						901
			FNMA POOL #BL5353 2.715% 6/01/28						1,930						1,799
			FNMA POOL #BM3375 4.000% 1/01/48						469						453
			FNMA POOL #BM3499 4.000% 3/01/48						1,391						1,340

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

41

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FNMA POOL #BR0999 2.500% 5/01/51						2,613						2,223
			FNMA POOL #BU0992 3.000% 11/01/51						1,228						1,111
			FNMA POOL #BU0993 3.000% 11/01/51						1,145						1,032
			FNMA POOL #CB1878 3.000% 10/01/51						739						658
			FNMA POOL #FM1000 3.000% 4/01/47						83						75
			FNMA POOL #FM1218 3.500% 7/01/34						107						105
			FNMA POOL #FM2096 3.500% 11/01/49						1,634						1,520
			FNMA POOL #FM5819 4.000% 2/01/48						371						356
			FNMA POOL #FM7372 3.500% 4/01/40						1,220						1,165
			FNMA POOL #FM8599 3.500% 1/01/35						390						379
			FNMA POOL #FM9427 4.000% 7/01/49						553						533
			FNMA POOL #FM9461 3.500% 11/01/51						400						369
			FNMA POOL #FM9473 3.000% 8/01/41						1,495						1,377
			FNMA POOL #FM9559 3.000% 1/01/40						1,589						1,469
			FNMA POOL #FM9728 2.500% 11/01/51						375						323
			FNMA POOL #FM9995 4.000% 9/01/41						1,133						1,093
			FNMA POOL #FS0569 3.500% 3/01/42						2,013						1,905
			FNMA POOL #MA2868 2.500% 12/01/31						213						201
			FNMA POOL #MA3683 3.500% 6/01/39						1,295						1,227
			FNMA POOL #MA4208 2.000% 11/01/50						1,230						1,012
			FNMA POOL #MA4305 2.000% 3/01/51						382						313
			FNMA POOL #MA4306 2.500% 3/01/51						743						636
			GNMA II #CA0265 2.23036% 12/20/70						1,223						1,079
			GNMA II POOL #MA7534 2.500% 8/20/51						3,481						3,044
			GNMA II POOL #MA7649 2.500% 10/20/51						892						780
			GNMA POOL #784044 4.990% 11/20/37						799						797
			GNMA POOL #784045 4.500% 7/20/45						407						402
			GNMA POOL #784602 4.000% 5/20/38						750						733
			GNMA POOL #BA7567 4.500% 5/20/48						159						155
			GNMA POOL #BI0416 4.500% 11/20/48						221						217
			GNMA POOL #BJ1318 5.000% 5/20/49						554						565
			GNMA POOL #BK7169 5.000% 12/20/48						185						186
			GNMA POOL #BL7729 5.000% 5/20/49						373						381
			GNMA POOL #BM9692 4.500% 7/20/49						404						395
			RFCSP STRIP PRINCIPAL 1/15/30						500						385
			TENN VAL AUTH CPN STRIP 3/15/32						300						209
			TENN VALLEY AUTH 4.250% 9/15/65						124						114
			TENN VALLEY AUTH 4.625% 9/15/60						70						68
			TREAS INFL IND BD 0.125% 1/15/30						410						372

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

42

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			TVA PRIN STRIP 6/15/35						500						292
			U.S. TREASURY BONDS 2.250% 2/15/52						10,750						7,452
			U.S. TREASURY BONDS 3.000% 8/15/52						1,240						1,014
			U.S. TREASURY BONDS 3.375% 8/15/42						1,852						1,651
			U.S. TREASURY BONDS 3.625% 5/15/53						571						528
			U.S. TREASURY BONDS 3.875% 5/15/43						1,363						1,299
			U.S. TREASURY BONDS 4.125% 8/15/53						174						176
			U.S. TREASURY BONDS 4.375% 8/15/43						2,937						2,998
			U.S. TREASURY NOTES 2.750% 5/31/29						1,430						1,350
			U.S. TREASURY NOTES 2.750% 8/15/32						2,795						2,560
			U.S. TREASURY NOTES 2.875% 4/30/29						3,320						3,158
			U.S. TREASURY NOTES 2.875% 5/15/32						5,040						4,670
			U.S. TREASURY NOTES 3.375% 5/15/33						1,512						1,451
			U.S. TREASURY NOTES 3.500% 2/15/33						5,670						5,498
			U.S. TREASURY NOTES 3.625% 5/31/28						984						974
			U.S. TREASURY NOTES 3.875% 8/15/33						1,126						1,125
			U.S. TREASURY NOTES 4.125% 11/15/32						1,500						1,525
			U.S. TREASURY NOTES 4.375% 8/31/28						704						719
			US TREAS SEC STRIPPED						300						215
			US TREAS SEC STRIPPED 5/15/33						900						619
			US TREAS SEC STRIPPED 11/15/32						1,000						703
			US TREAS SEC STRIPPED 11/15/33						900						605
			US TREASURY BOND 2/15/41						139						66
			US TREASURY BOND 11/15/40						220						106
			US TREASURY BOND 1.125% 5/15/40						200						129
			US TREASURY BOND 1.250% 5/15/50						2,662						1,435
			US TREASURY BOND 1.625% 11/15/50						390						232
			US TREASURY BOND 1.750% 8/15/41						685						476
			US TREASURY BOND 1.875% 2/15/51						1,839						1,166
			US TREASURY BOND 1.875% 11/15/51						3,285						2,077
			US TREASURY BOND 2.000% 2/15/50						95						63
			US TREASURY BOND 2.000% 8/15/51						1,901						1,241
			US TREASURY BOND 2.250% 8/15/46						5,289						3,760
			US TREASURY BOND 2.250% 8/15/49						1,870						1,306
			US TREASURY BOND 2.375% 2/15/42						3,265						2,506
			US TREASURY BOND 2.375% 11/15/49						185						133
			US TREASURY BOND 2.500% 2/15/45						5,620						4,255
			US TREASURY BOND 2.500% 5/15/46						2,310						1,730
			US TREASURY BOND 2.750% 8/15/42						910						738

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

43

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			US TREASURY BOND 2.750% 11/15/42						2,022						1,635
			US TREASURY BOND 2.875% 8/15/45						5,105						4,116
			US TREASURY BOND 3.000% 2/15/47						74						60
			US TREASURY BOND 3.000% 2/15/48						80						65
			US TREASURY BOND 3.000% 5/15/42						470						398
			US TREASURY BOND 3.000% 11/15/44						119						98
			US TREASURY BOND 3.125% 2/15/43						1,550						1,325
			US TREASURY BOND 3.125% 11/15/41						1,500						1,304
			US TREASURY BOND 3.375% 5/15/44						1,659						1,463
			US TREASURY BOND 3.500% 2/15/39						6,020						5,701
			US TREASURY BOND 3.625% 2/15/44						1,000						916
			US TREASURY BOND 3.625% 8/15/43						3,165						2,910
			US TREASURY BOND 3.750% 8/15/41						4,320						4,110
			US TREASURY BOND 3.750% 11/15/43						470						439
			US TREASURY BOND 4.375% 2/15/38						445						468
			US TREASURY BOND 4.375% 5/15/41						1,160						1,196
			US TREASURY NOTE 0.625% 8/15/30						650						527
			US TREASURY NOTE 0.875% 11/15/30						990						813
			US TREASURY NOTE 1.125% 2/15/31						9,520						7,946
			US TREASURY NOTE 1.250% 3/31/28						13,810						12,384
			US TREASURY NOTE 1.250% 6/30/28						8,223						7,333
			US TREASURY NOTE 1.250% 8/15/31						5,010						4,145
			US TREASURY NOTE 1.375% 11/15/31						1,397						1,159
			US TREASURY NOTE 1.500% 2/15/30						6,085						5,301
			US TREASURY NOTE 1.625% 5/15/31						1,550						1,330
			US TREASURY NOTE 1.875% 2/15/32						9,600						8,253
			US TREASURY NOTE 2.375% 5/15/29						4,160						3,856
			US TREASURY SEC STRIPPED						4,675						3,155
			VR FNMA POOL #AL7395 5.553% 9/01/55						1,091						1,120
			Total U.S. Government and Agency Obligations												$	274,132
			Common/Collective Trusts
			ALLSPRING DISCOVERY SMID CAP GROWTH						8,446						108,498
*			AMEX R/VANGUARD FIDUCIARY EXT MKT						3,912						559,700
*			AMEX R/VANGUARD FIDUCIARY INTL STK						1,059						134,481
*			AMEX R/VANGUARD FIDUCIARY TOT BD						849						90,630
*			BLACKROCK INSTL/MSCI EAFE SMALL CAP						3,652						105,269
*			BLACKROCK INSTL/U S TREAS INFLATION						4,080						47,224

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

44

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			CAPITAL GROUP EUROPACIFIC GROWTH U3						33,254						409,687
*			COLUMBIA TRUST GOV MONEY MKT FUND						40,455						40,455
*			FIAM GRP TR FOR/CORE PLUS COMMINGLE						5,093						117,595
*			FIDELITY BLUE CHIP GR COMM CL F CIT						14,832						531,719
			LOOMIS SAYLES CORE PLUS FULL DISC TR						4,905						118,509
*			MSIM/INTERNATIONAL EQUITY II TRUST						8,317						358,504
			NEUBERGER BERMA/EMERGING MKTS EQUIT						6,472						79,283
*			VANGUARD EMPLOYEE BENEFIT INDEX #528						1,634						998,229
			Total Common/Collective Trusts												$	3,699,783
			Mutual Funds
			DFA EMERGING MARKETS VALUE FD #5095						2,382						70,091
			Total Mutual Funds												$	70,091
			Self-Directed Brokerage Accounts
			CASH EQUIVALENTS												37,483
*			COMMON STOCK												7,557
			MUTUAL FUNDS												126,734
			Total Self-Directed Brokerage Accounts												$	171,774
			Other Investments
			Asset-Backed Securities
			20 TSQ GRO CMO V-M 3.100% 5/15/35						1,400						1,093
			AMERICAN CREDIT ABS 5.590% 4/12/29						1,280						1,274
			AMERICAN CREDIT ABS 6.990% 9/12/30						895						914
			AMERICAN HOMES 4 REN 3.467% 4/17/52						334						325
			AMERICAN HOMES 4 REN 3.678% 12/17/36						623						611
			AMERICAN HOMES 4 REN 3.786% 10/17/36						418						411
			AMERICAN HOMES 4 REN 4.407% 4/17/52						720						705
			AMERICAN HOMES 4 REN 5.639% 4/17/52						150						149
			AMERICAN HOMES 4 REN 6.070% 10/17/45						142						142
			AMERICAN TOWER CMO 5.490% 3/15/28						218						221
			AMERICREDIT AUT ABS 6.000% 7/18/29						660						667
			AMERICREDIT AUTO ABS 5.320% 4/18/28						285						285
			AMERICREDIT AUTOMOBI 1.590% 10/20/25						408						404
			AMSR TRUST 1.355% 11/17/37						265						246

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

45

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			AMSR TRUST 1.527% 8/17/26						1,390						1,254
			AMSR TRUST 1.806% 9/17/37						1,845						1,725
			AMSR TRUST 1.953% 6/17/38						395						342
			AMSR TRUST ABS 3.950% 8/17/40						1,000						941
			AMUR EQUIP FIN ABS 6.090% 12/20/29						1,244						1,254
			AXIS EQUIPMENT FINAN 1.640% 10/20/27						323						314
			BANK CMO 3.254% 7/15/60						262						248
			BANK OF AMERICA ABS 5.000% 4/17/28						200						201
			BANK5 CMO 6.656% 6/15/28						365						386
			BB-UBS TRUST 3.430% 11/05/36						1,350						1,239
			BENCHMARK MTG CMO 5.812% 5/17/55						360						369
			BUSINESS JET SECURIT 2.162% 4/15/36						299						276
			BUSINESS JET SECURIT 2.981% 11/15/35						152						145
			BX TRUST CMO V-M 7.095% 12/09/40						384						384
			BXP TRUST 3.379% 6/13/39						1,000						929
			CAPITAL ONE MULTI-AS 1.040% 11/16/26						372						358
			CARMAX AUTO OWN ABS 4.750% 10/15/27						670						669
			CARMAX AUTO OWN ABS 5.720% 11/16/26						687						688
			CARMAX AUTO OWNER TR 2.340% 11/17/25						2,070						2,054
			CASCADE MH ASSET TRU 1.753% 2/25/46						828						722
			CF HIPPOLYTA ISSUER 1.530% 3/15/61						1,002						895
			CIFC FUND ABS V-Q VAR CPN 1/20/37						468						468
			COLONY AMERICAN FINA 1.358% 8/15/53						115						107
			COMM MORTGAGE TRUST 3.759% 8/10/48						313						303
			COMM MORTGAGE TRUST 3.902% 7/10/50						700						680
			COREVEST ABS V-M 4.744% 6/15/55						1,131						1,115
			CPS AUTO TRUST 1.590% 12/15/27						947						928
			CPS AUTO TRUST ABS 4.880% 4/15/30						700						694
			CREDIT ACCEPTAN ABS 5.700% 10/15/32						990						966
			CREDIT ACCEPTAN ABS 6.390% 8/15/33						820						832
			CREDIT ACCEPTAN ABS 7.020% 5/16/33						1,000						1,011
			CREDIT ACCEPTANCE AU 0.960% 2/15/30						148						148
			CREDIT ACCEPTANCE AU 1.260% 4/15/30						1,405						1,385
			CREDIT ACCEPTANCE AU 1.640% 6/17/30						760						740
			CREDIT ACCEPTANCE AU 1.770% 12/17/29						741						739
			CREDIT SUISSE MORT 1.668% 9/27/60						1,062						1,031
			DB MASTER FINANCE LL 2.045% 11/20/51						221						201
			DB MASTER FINANCE LL 2.493% 11/20/51						513						456
			DBWF 2015-LCM M/MTG 1.000% 6/10/34						105						99

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

46

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			DIAMOND RESORTS OWNE 1.510% 11/21/33						102						95
			DOMINOS PIZZA MASTER 2.662% 4/25/51						205						181
			DT AUTO OWNER ABS 6.070% 3/15/28						800						806
			DT AUTO OWNER TRUST 0.870% 5/17/27						723						708
			EXETER AUTOMOBI ABS 5.300% 9/15/27						400						398
			EXETER AUTOMOBI ABS 5.610% 9/15/27						500						498
			EXETER AUTOMOBI ABS 5.750% 7/17/28						323						322
			EXETER AUTOMOBI ABS 5.970% 3/15/27						704						703
			EXETER AUTOMOBI ABS 6.110% 9/15/27						240						241
			EXETER AUTOMOBI ABS 6.580% 4/17/28						865						876
			EXETER AUTOMOBILE RE 3.110% 8/15/25						129						128
			FANNIEMAE-ACES 1.200% 8/25/28						78						71
			FANNIEMAE-ACES 2.980% 9/25/24						704						657
			FED HOME LN MTG CORP 3.350% 9/25/28						709						689
			FED HOME LN MTG CORP 3.500% 3/15/35						1,517						1,435
			FED HOME LN MTG CORP 3.500% 6/15/26						94						92
			FED HOME LN MTG CORP 7.000% 5/15/37						618						664
			FED HOME LN MTG CORP 7.000% 12/15/36						52						55
			FED NATL MTG ASSN 2.500% 8/25/42						166						144
			FED NATL MTG ASSN 3.000% 1/25/46						218						200
			FED NATL MTG ASSN 3.500% 5/25/49						956						876
			FED NATL MTG ASSN 3.500% 11/25/57						781						750
			FED NATL MTG ASSN 4.500% 12/25/40						829						818
			FED NATL MTG ASSN 5.500% 6/25/35						125						127
			FED NATL MTG ASSN 6.000% 3/25/36						38						39
			FHF TRUST 2021-1 1.270% 3/15/27						131						127
			FHLMC K150 CMO V-M 3.710% 9/25/32						1,000						947
			FHLMC K754 CMO V-M 4.940% 11/25/30						730						750
			FHLMC MULTIFAMILY ST 2.811% 9/25/24						161						159
			FHLMC MULTIFAMILY ST 2.982% 11/25/25						359						350
			FHLMC SCRT CMO V-M 3.000% 10/25/62						1,242						1,053
			FHLMC SER 1 CMO 3.250% 11/25/61						246						222
			FHLMC SER 4932 CMO 3.500% 11/25/49						790						660
			FHLMC SER 5190 CMO 2.500% 2/25/52						1,191						1,073
			FHLMC SER 5190 CMO 2.500% 11/25/38						638						551
			FHLMC SER K754 CMO 4.614% 2/25/33						2,000						1,986
			FIRST INVESTORS AUTO 1.170% 3/15/27						700						681
			FIRSTKEY HOMES 2020- 1.266% 10/19/37						1,077						998
			FIRSTKEY HOMES 2020- 1.339% 9/17/25						593						553

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

47

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FIRSTKEY HOMES 2020- 1.538% 8/17/38						1,597						1,446
			FIRSTKEY HOMES 2020- 1.567% 10/19/37						1,185						1,098
			FIRSTKEY HOMES 2020- 1.607% 9/17/26						1,370						1,226
			FIRSTKEY HOMES 2020- 1.941% 9/17/25						231						216
			FLAGSHIP CREDIT AUTO 1.670% 10/15/26						283						279
			FNMA M2S CMO V-M 3.876% 5/25/32						831						806
			FNMA SER 34 CMO 2.250% 6/25/45						606						496
			FNMA SER 46 CMO 4.500% 7/25/52						727						643
			FNMA SER M1S CMO 2.083% 4/25/32						1,018						852
			FNMA SER M3 CMO V- 1.764% 11/25/31						1,051						862
			FORD CREDIT AUT ABS 5.070% 1/15/29						1,110						1,104
			FORD CREDIT AUTO OWN 1.530% 5/15/34						750						684
			FOUNDATION FIN ABS 6.530% 6/15/49						843						859
			FREDDIE MAC - SCRT 3.000% 3/25/59						459						420
			FREDDIE MAC - SCRT 3.000% 5/25/60						1,062						949
			FREDDIE MAC - SCRT 3.000% 11/25/57						447						379
			FREDDIE MAC - SCRT 3.500% 5/25/57						1,012						939
			FREDDIE MAC - SCRT 3.500% 7/25/58						629						575
			FREDDIE MAC - SCRT 3.500% 11/25/57						934						882
			FREDDIE MAC - SCRT 4.000% 3/25/59						943						876
			FREDDIE MAC - SCRT 4.000% 11/25/57						1,416						1,316
			FREDDIE MAC - SCRT 4.500% 6/25/57						979						929
			FRTKL 2.172% 9/17/38						1,005						890
			GLS AUTO RECEIVABLES 1.110% 9/15/26						1,274						1,244
			GM FINANCIAL SECURIT 1.230% 5/17/27						520						497
			GNMA SER H13 CMO 6.017% 5/20/66						36						35
			GNMA SER H29 CMO 6.037% 11/20/65						848						841
			GOODGREEN TRUST 3.260% 10/15/53						266						242
			GOODGREEN TRUST 3.740% 10/15/52						81						75
			GOVT NATL MTG ASSN 3.500% 3/20/49						184						148
			GOVT NATL MTG ASSN 3.500% 8/20/47						549						480
			GOVT NATL MTG ASSN 4.500% 10/16/39						1,027						1,018
			GOVT NATL MTG ASSN 5.000% 8/20/39						125						124
			GOVT NATL MTG ASSN 5.000% 10/20/39						353						352
			HERO FUNDING TRUST 3.080% 9/20/42						170						153
			HERO FUNDING TRUST 3.950% 9/20/48						230						205
			HERO FUNDING TRUST 4.460% 9/20/47						214						197
			HERO FUNDING TRUST 4.670% 9/20/48						386						363
			HERO FUNDING TRUST 104.070% 9/20/48						42						38

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

48

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			HERTZ VEHICLE ABS 1.990% 6/25/26						545						521
			HYUNDAI AUTO RECEIVA 1.030% 12/15/27						525						494
			INDEPENDENCE PLAZA 3.763% 7/10/35						1,200						1,146
*			JPMBB COMMERCIAL MO 3.7748% 8/15/47						823						812
			LENDMARK FNDG ABS 5.120% 7/20/32						610						605
			MARINER FINANCE ISSU 1.860% 3/20/36						1,655						1,506
			MARINER FINANCE ISSU 3.510% 7/20/32						236						236
*			MORGAN STANLEY BAML 3.531% 11/15/48						413						398
*			MORGAN STANLEY CAPIT 2.782% 8/15/49						373						348
			MRCD MORTGAGE TRUS 2.71752% 12/15/36						1,846						1,126
			NEXTGEAR FLOORP ABS 2.800% 3/15/27						234						227
			NRZ EXCESS SPREAD CO 3.844% 12/25/25						403						384
			ONEMAIN DIRECT ABS 3.950% 11/14/28						1,500						1,450
			OPORTUN FUNDING LLC 1.210% 3/08/28						597						570
			PAGAYA AI TECHN ABS 3.600% 9/25/28						1,000						915
			PALMER SQR ABS V-Q 6.986% 7/20/34						250						251
			PALMER SQU ABS V-Q 6.584% 10/15/30						262						262
			PFS FINANCING CORP. 2.470% 2/16/27						478						462
			PROGRESS RESIDE ABS 3.200% 4/17/39						593						554
			PROGRESS RESIDE ABS 4.896% 6/17/39						1,000						971
			PROGRESS RESIDENTIAL 1.294% 10/17/27						560						521
			PROGRESS RESIDENTIAL 1.495% 10/17/27						415						386
			PROGRESS RESIDENTIAL 1.524% 7/17/38						1,827						1,651
			PROGRESS RESIDENTIAL 1.692% 8/17/40						423						359
			PROGRESS RESIDENTIAL 2.082% 9/17/38						640						569
			PROGRESS RESIDENTIAL 2.197% 4/19/38						775						700
			RENEW 2017-1 1.67064% 9/28/52						107						98
			RENEW FINANCIAL 3.220% 9/22/53						94						85
			SABEY DATA CENTER IS 1.881% 6/20/46						453						406
			SANTANDER CONSUMER 1.030% 11/16/26						760						718
			SANTANDER DRIVE ABS 5.610% 10/15/27						848						852
			SANTANDER DRIVE ABS 6.160% 12/17/29						1,010						1,033
			SBA SER 10A ABS 5.168% 3/01/33						357						358
			SBA SER 25D ABS 4.480% 4/01/48						325						318
			SBA SER 25E ABS 4.620% 5/01/48						341						336
			SBA SER 25F ABS 4.010% 6/01/47						204						193
			SBA SER 25J ABS 5.820% 10/01/48						220						232
			SBA SER 25K ABS 5.130% 11/01/47						192						195
			SBA SER 25L ABS 1.850% 12/01/46						340						278

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

49

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			SBA TOWER TRUST ABS 6.599% 1/15/28						210						216
			SCF EQUIPMENT ABS 6.500% 10/21/30						1,098						1,106
			SEQUOIA MTG CMO V-M 5.000% 1/25/53						196						193
			SIERRA RECEIVAB ABS 4.730% 6/20/40						370						366
			SIERRA RECEIVABLES 1.340% 11/20/37						108						102
			SIERRA RECEIVABLES 2.320% 7/20/37						222						213
			SMALL BUSINESS ABS 3.940% 5/01/47						345						322
			SMALL BUSINESS ADMIN 1.750% 11/01/46						663						548
			SMALL BUSINESS ADMIN 1.840% 1/01/42						373						318
			SOCIAL PROFESSIONAL 2.540% 5/15/46						209						195
			SYNCHRONY CARD ABS 5.540% 7/15/29						733						747
			TACO BELL FUND ABS 2.294% 8/25/51						379						325
			TESLA AUTO LEAS ABS 5.940% 7/20/27						840						846
			TESLA AUTO LEASE ABS 5.890% 6/22/26						350						351
			TOYOTA AUTO LOAN ABS 4.930% 6/25/36						882						890
			TRICON AMERICAN HOME 1.499% 7/17/38						239						218
			TRICON RESIDENT ABS 4.750% 4/17/39						145						137
			TRICON RESIDENT ABS 4.849% 7/17/40						361						353
			TRICON RESIDENTIAL 1.943% 7/17/38						373						340
			UPSTART SECURITIZATI 0.840% 9/20/31						28						28
			VANTAGE DATA CENTERS 1.992% 9/15/45						290						252
			VENDEE MORTGAGE TR 0.41667% 5/15/33						190						190
			VR AMSR TRUST 2.153% 6/17/38						545						468
			VR FANNIEMAE-ACES 2.548% 12/25/26						128						122
			VR FANNIEMAE-ACES 3.162% 6/25/27						528						506
			VR FANNIEMAE-ACES 3.665% 9/25/28						601						582
			VR FED HOME LN MTG 5.810% 2/15/43						122						118
			VR FED HOME LN MTG 5.880% 9/15/36						20						20
			VR FED NATL MTG AS 4.300% 4/25/44						35						35
			VR FED NATL MTG AS 6.002% 9/25/41						25						25
			VR FHLMC MULTIFAMI 3.364% 12/25/27						680						653
			VR FREMF MORTGAGE 3.580% 11/25/49						180						172
			VR FREMF MORTGAGE 3.718% 1/25/48						1,200						1,171
			VR FREMF MORTGAGE 4.052% 11/25/47						191						188
			VR FREMF MORTGAGE 4.257% 4/25/51						800						746
			VR FREMF MORTGAGE 4.320% 12/25/50						1,000						941
			VR GOODGREEN TRUS 22.97129% 10/15/53						262						232
			VR GOVT NATL MTG 4.752% 10/20/43						389						387
			VR GOVT NATL MTG 5.270% 5/20/40						413						417

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

50

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			VR GOVT NATL MTG 5.403% 10/20/40						349						356
			VR GOVT NATL MTG 5.544% 1/20/38						282						290
			VR GOVT NATL MTG 5.877% 6/20/65						914						910
			VR GOVT NATL MTG 5.877% 7/20/65						482						479
			VR GOVT NATL MTG 5.937% 6/20/67						298						296
			VR GOVT NATL MTG 5.957% 9/20/65						622						619
			VR GOVT NATL MTG 5.957% 10/20/65						461						456
			VR GOVT NATL MTG 5.997% 3/20/67						308						306
			VR GOVT NATL MTG 6.097% 12/20/65						261						261
			VR GOVT NATL MTG 6.267% 8/20/66						266						265
			VR GOVT NATL MTG 6.437% 12/20/66						113						113
			VR GOVT NATL MTG AS 5.887% 2/20/61						349						347
*			VR JP MORGAN MORTGAG 2.500% 10/25/51						411						336
			VR PROGRESS RESIDENT 3.107% 2/17/29						1,100						970
			VR VCAT ASSET SECURI 2.115% 3/27/51						331						328
			VR VERICREST OPPORT 1.893% 2/27/51						368						356
			VR VERICREST OPPORT 1.893% 3/27/51						936						905
			VR VERICREST OPPORT 2.116% 3/27/51						510						496
			VR VERICREST OPPORT 2.240% 3/27/51						377						367
			VR VERICREST OPPORT 2.240% 4/25/51						586						565
			VR VERICREST OPPORT 1.9918% 5/25/51						1,685						1,608
			WESTLAKE AUTOMO ABS 6.020% 9/15/28						1,230						1,234
			WIND RIVER ABS V-Q 6.827% 7/20/33						387						384
			WORLD FINANCIAL ABS 5.020% 3/15/30						1,065						1,066
			WORLD OMNI AUTO ABS 5.850% 8/15/29						595						620
			Total Asset-Backed Securities												$	132,662
			Foreign Sovereign Debt
			REPUBLIC OF CHILE 2.550% 1/27/32						200						172
			REPUBLIC OF PANAMA 3.870% 7/23/60						270						161
			UNITED MEXICAN STATE 2.659% 5/24/31						301						254
			UNITED MEXICAN STATE 3.750% 1/11/28						392						378
			UNITED MEXICAN STATE 3.771% 5/24/61						222						150
			UNITED MEXICAN STATE 4.350% 1/15/47						35						28
			UNITED MEXICAN STATE 4.400% 2/12/52						370						293
			Total Foreign Sovereign Debt												$	1,436

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

51

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			Municipal Bonds
			CONNECTICUT ST 4.060% 6/15/30						370						363
			MASSACHUSETTS ST 4.141% 7/01/27						115						113
			MIAMI-DADE CNTY FL 5.534% 7/01/32						250						258
			MICHIGAN ST UNIV 4.165% 8/15/22						66						54
			OHIO UNIV GEN RECPTS 5.590% 12/01/14						195						191
			TX NATURAL 5.102% 4/01/35						209						213
			TX NATURAL GAS 5.169% 4/01/41						190						196
			UNIV CA REGTS MED 4.563% 5/15/53						220						205
			Total Municipal Bonds												$	1,593
			Private Placement Securities
			P/P 7-ELEVEN INC 2.500% 2/10/41						156						108
			P/P AIA GROUP LTD 3.200% 9/16/40						200						152
			P/P AIR CANADA 2013- 4.125% 11/15/26						507						488
			P/P AIR CANADA 2015- 3.600% 3/15/27						616						579
			P/P AIR CANADA 2017- 3.300% 1/15/30						56						50
			P/P AIR CANADA 2017- 3.550% 1/15/30						190						167
			P/P AMERICAN TOWER 3.652% 3/23/28						230						217
			P/P APOLLO MANAGEMEN 4.000% 5/30/24						230						228
			P/P ATHENE GLOBAL FU 1.450% 1/08/26						260						239
			P/P ATHENE GLOBAL FU 2.500% 1/14/25						72						69
			P/P ATHENE GLOBAL FU 2.750% 6/25/24						140						138
			P/P AUST & NZ BANKIN 2.570% 11/25/35						210						169
			P/P AVIATION CAPITAL 1.950% 1/30/26						230						213
			P/P AVOLON HOLDINGS 2.528% 11/18/27						1,242						1,100
			P/P AVOLON HOLDINGS 2.875% 2/15/25						367						354
			P/P AVOLON HOLDINGS 4.375% 5/01/26						200						194
			P/P AVOLON HOLDINGS 5.500% 1/15/26						430						427
			P/P BAE SYSTEMS PLC 1.900% 2/15/31						292						240
			P/P BAE SYSTEMS PLC 3.400% 4/15/30						350						323
			P/P BLACKSTONE HOLDI 3.500% 9/10/49						200						145
			P/P BPCE SA 4.625% 7/11/24						200						198
			P/P BRITISH AIR 18-1 3.800% 9/20/31						76						71
			P/P BRITISH AIR 18-1 4.125% 9/20/31						199						181
			P/P BRITISH AIRWAYS 4.625% 6/20/24						328						327
			P/P BROADCOM INC 3.187% 11/15/36						500						405
			P/P BROOKLYN UNION 4.273% 3/15/48						100						78

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

52

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			P/P CLEVELAND ELECTR 3.500% 4/01/28						95						89
			P/P COX COMMUNICATIO 3.350% 9/15/26						415						398
			P/P CREDIT AGRICOLE 2.811% 1/11/41						250						172
			P/P CVS PASS-THROUGH 4.163% 8/10/36						205						183
			P/P CVS PASS-THROUGH 4.704% 1/10/36						255						237
			P/P CVS PASS-THROUGH 5.773% 1/10/33						231						229
			P/P CVS PASS-THROUGH 5.926% 1/10/34						370						374
			P/P DUQUESNE LIGHT 3.616% 8/01/27						230						215
			P/P FERGUSON FINANCE 3.250% 6/02/30						350						313
			P/P FIDELITY & GUARA 5.500% 5/01/25						230						227
			P/P GAIF BOND ISSUER 3.400% 9/30/26						95						90
			P/P GALAXY PIPELINE 2.940% 9/30/40						280						230
			P/P GOODMAN US FIN 3.700% 3/15/28						86						80
			P/P GRAY OAK PIPELIN 3.450% 10/15/27						415						386
			P/P GREAT-WEST LIFEC 4.581% 5/17/48						130						116
			P/P GTP ACQUISITION 3.482% 6/16/25						190						185
			P/P JERSEY CENTRAL 4.300% 1/15/26						50						49
			P/P KEYSPAN GAS EAST 2.742% 8/15/26						200						186
			P/P KKR GROUP FINAN 3.500% 8/25/50						200						142
			P/P MASS MUTUAL LIFE 3.375% 4/15/50						210						153
			P/P MET LIFE GLOB FU 3.000% 9/19/27						180						169
			P/P MID-ATLANTIC INT 4.100% 5/15/28						50						48
			P/P NATIONAL AUSTRAL 2.332% 8/21/30						250						204
			P/P NBN CO LTD 2.625% 5/05/31						400						343
			P/P NEW ENGLAND POWE 3.800% 12/05/47						50						39
			P/P NEW YORK LIFE GL 3.000% 1/10/28						81						76
			P/P NEW YORK LIFE IN 4.450% 5/15/69						90						77
			P/P NGPL PIPECO LLC 3.250% 7/15/31						240						208
			P/P NRG ENERGY INC 2.450% 12/02/27						225						203
			P/P NRG ENERGY INC 4.450% 6/15/29						155						146
			P/P PARK AEROSPACE 5.500% 2/15/24						89						89
			P/P PENNSYLVANIA ELE 3.250% 3/15/28						26						24
			P/P PRUDENTIAL INSUR 8.300% 7/01/25						300						310
			P/P SAUDI INTERNATIO 2.250% 2/02/33						200						166
			P/P SCENTRE GROUP TR 3.500% 2/12/25						200						196
			P/P SCHLUMBERGER HLD 3.900% 5/17/28						416						404
			P/P SMITHFIELD FOODS 3.000% 10/15/30						300						246
			P/P STELLANTIS FIN 2.691% 9/15/31						209						175
			P/P TEACHERS INSUR 4.270% 5/15/47						70						61

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

53

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			P/P TEACHERS INSUR 4.900% 9/15/44						40						38
			P/P TEXAS EASTERN TR 3.500% 1/15/28						33						31
			P/P TRITON CONTAINER 1.150% 6/07/24						200						195
			P/P UBS GROUP FUNDIN 4.125% 4/15/26						400						391
			P/P UNICREDIT SPA 2.569% 9/22/26						350						329
			P/P VITERRA FINANCE 3.200% 4/21/31						300						259
			P/P VOLKSWAGEN GROUP 4.625% 11/13/25						265						262
			UBS GROUP AG 1.305% 2/02/27						250						229
			UBS GROUP AG 3.869% 1/12/29						250						236
			VR P/P ABN AMRO BANK 2.470% 12/13/29						300						264
			VR P/P AIB GROUP PLC 4.263% 4/10/25						250						249
			VR P/P BANK OF IRELA 2.029% 9/30/27						227						207
			VR P/P BPCE SA 1.652% 10/06/26						250						233
			VR P/P BPCE SA 2.277% 1/20/32						275						220
			VR P/P BPCE SA 3.116% 10/19/32						590						481
			VR P/P MACQUARIE BAN 3.052% 3/03/36						200						161
			VR P/P MACQUARIE GRO 1.340% 1/12/27						380						349
			VR P/P MACQUARIE GRO 2.871% 1/14/33						200						164
			VR P/P NATIONAL AUST 3.933% 8/02/34						250						227
			VR P/P SOCIETE GENER 2.226% 1/21/26						670						644
			VR P/P SOCIETE GENER 2.889% 6/09/32						440						363
			VR P/P STANDARD CHAR 1.456% 1/14/27						200						183
			VR P/P SWISS RE FINA 5.000% 4/02/49						200						191
			Total Private Placement Securities												$	20,004
			Total Other Investments												$	155,695
			Total Investments, at Fair Value												$	6,905,677
			Fully Benefit Responsive Investment Contracts
			U.S. Government and Agency Obligations
			FEDERAL HOME LOAN BANKS 0.5% 4/14/2025						10,000						9,499
			FEDERAL HOME LOAN MORTGAG 0.375% 7/21/2025						18,850						17,717
			FFCB 1.125% 1/06/2025						2,100						2,024
			FFCB 4.75% 5/28/2026						3,050						3,085
			FFCB 4.875% 4/20/2026						125						127
			FGOLD 15YR 3.5% 10/01/2025						3						3
			FGOLD 15YR 3.5% 11/01/2025						6						6

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

54

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FGOLD 15YR 3.5% 9/01/2025						17						16
			FGOLD 15YR 4% 2/01/2025						11						11
			FGOLD 15YR 4% 3/01/2025						1						1
			FGOLD 15YR 4% 7/01/2025						53						53
			FGOLD 15YR 4% 8/01/2025						26						25
			FGOLD 15YR 3% 1/01/2027						349						340
			FGOLD 15YR 3% 1/01/2032						283						272
			FGOLD 15YR 3% 1/01/2033						212						202
			FGOLD 15YR 3% 11/01/2025						52						51
			FGOLD 15YR 3% 11/01/2026						53						52
			FGOLD 15YR 3% 3/01/2027						320						311
			FGOLD 15YR 3% 3/01/2033						365						348
			FGOLD 15YR 3% 8/01/2026						5						5
			FGOLD 15YR 3.5% 10/01/2025						153						151
			FGOLD 15YR 3.5% 11/01/2025						13						12
			FGOLD 15YR 3.5% 12/01/2025						116						114
			FGOLD 15YR 3.5% 2/01/2026						8						8
			FGOLD 15YR 3.5% 3/01/2026						19						19
			FGOLD 15YR 3.5% 4/01/2026						12						12
			FGOLD 15YR 3.5% 5/01/2026						6						6
			FGOLD 15YR 3.5% 5/01/2032						607						592
			FGOLD 15YR 3.5% 6/01/2026						102						100
			FGOLD 15YR 3.5% 7/01/2026						118						115
			FGOLD 15YR 3.5% 8/01/2026						105						103
			FGOLD 15YR 3.5% 9/01/2026						12						12
			FGOLD 15YR 4% 10/01/2025						3						3
			FGOLD 15YR 4% 3/01/2026						10						10
			FGOLD 15YR 4% 5/01/2026						66						66
			FGOLD 15YR 4% 6/01/2024						3						3
			FGOLD 15YR 4% 6/01/2025						4						4
			FGOLD 15YR 4% 6/01/2026						253						250
			FGOLD 15YR GIANT 3% 1/01/2027						93						90
			FGOLD 15YR GIANT 3% 3/01/2031						368						353
			FGOLD 15YR GIANT 3% 3/01/2032						570						547
			FGOLD 15YR GIANT 3% 4/01/2033						15						14
			FGOLD 15YR GIANT 3% 6/01/2027						114						111
			FGOLD 15YR GIANT 3% 9/01/2030						210						202
			FGOLD 15YR GIANT 3% 9/01/2031						199						191
			FGOLD 15YR GIANT 3.5% 1/01/2027						115						112

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

55

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FGOLD 15YR GIANT 3.5% 10/01/2029						10						9
			FGOLD 15YR GIANT 3.5% 11/01/2025						19						18
			FGOLD 15YR GIANT 3.5% 11/01/2029						150						146
			FGOLD 15YR GIANT 3.5% 11/01/2033						144						142
			FGOLD 15YR GIANT 3.5% 12/01/2029						43						42
			FGOLD 15YR GIANT 3.5% 12/01/2033						129						127
			FGOLD 15YR GIANT 3.5% 3/01/2030						78						76
			FGOLD 15YR GIANT 3.5% 4/01/2026						22						22
			FGOLD 15YR GIANT 3.5% 4/01/2029						51						50
			FGOLD 15YR GIANT 3.5% 4/01/2030						190						186
			FGOLD 15YR GIANT 3.5% 6/01/2029						102						100
			FGOLD 15YR GIANT 3.5% 7/01/2026						25						24
			FGOLD 15YR GIANT 3.5% 7/01/2029						241						235
			FGOLD 15YR GIANT 3.5% 8/01/2026						23						22
			FGOLD 15YR GIANT 3.5% 8/01/2029						323						315
			FGOLD 15YR GIANT 3.5% 8/01/2032						715						698
			FGOLD 15YR GIANT 3.5% 9/01/2025						21						20
			FGOLD 15YR GIANT 3.5% 9/01/2026						11						11
			FGOLD 15YR GIANT 4% 10/01/2025						4						4
			FGOLD 15YR GIANT 4% 12/01/2025						8						8
			FGOLD 15YR GIANT 4% 12/01/2026						29						29
			FGOLD 15YR GIANT 4% 5/01/2026						23						22
			FGOLD 15YR GIANT 4% 7/01/2025						4						4
			FGOLD 15YR GIANT 4% 7/01/2026						13						12
			FGOLD 15YR GIANT 5% 3/01/2025						5						5
			FH 5/1 CONS 12M SOFR NF A 5.89% 12/01/2036						83						85
			FHLB 2.125% 12/11/2026						3,975						3,750
			FHLB 2.375% 3/14/2025						25,575						24,881
			FHLMC 0.375% 9/23/2025						15,275						14,262
			FHLMC 15YR UMBS 2% 8/01/2035						7,421						6,693
			FHLMC 15YR UMBS 3% 12/01/2034						4,701						4,458
			FHLMC 15YR UMBS MIRROR 2.5% 11/01/2032						790						741
			FHLMC 15YR UMBS MIRROR 2.5% 5/01/2033						831						773
			FHLMC 15YR UMBS MIRROR 2.5% 7/01/2032						372						350
			FHLMC 15YR UMBS MIRROR 3% 4/01/2034						323						306
			FHLMC 15YR UMBS SUPER 2% 10/01/2035						6,625						5,977
			FHLMC 15YR UMBS SUPER 2% 5/01/2035						1,745						1,574
			FHLMC 15YR UMBS SUPER 2% 6/01/2035						1,433						1,288
			FHLMC 15YR UMBS SUPER 2% 9/01/2035						6,198						5,591

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

56

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FHLMC 15YR UMBS SUPER 2.5% 2/01/2035						3,216						2,989
			FHLMC 15YR UMBS SUPER 2.5% 8/01/2034						942						876
			FHLMC 15YR UMBS SUPER 3% 1/01/2034						202						192
			FHLMC 15YR UMBS SUPER 3% 9/01/2037						2,752						2,594
			FHLMC 15YR UMBS SUPER 3.5% 6/01/2037						2,439						2,347
			FHLMC 15YR UMBS SUPER 3.5% 7/01/2037						10,315						9,927
			FHLMC 15YR UMBS SUPER 4% 8/01/2037						1,398						1,371
			FHLMC 15YR UMBS SUPER 4.5% 11/01/2037						831						827
			FHLMC 15YR UMBS SUPER 5% 12/01/2037						6,062						6,097
			FHLMC 15YR UMBS SUPER 5% 7/01/2038						4,020						4,043
			FHLMC 15YR UMBS SUPER 5.5% 11/01/2038						4,718						4,786
			FHLMC REFERENCE NOTE 1.5% 2/12/2025						11,425						11,031
			FHLMC_K038 3.389% 3/25/2024						1,729						1,721
			FHLMC_K040 2.768% 4/25/2024						235						233
			FHLMC_K040 3.241% 9/25/2024						3,680						3,624
			FHLMC_K041 3.171% 10/25/2024						1,660						1,632
			FHLMC_K044 2.811% 1/25/2025						3,130						3,058
			FHLMC_K047 3.329% 5/25/2025						1,980						1,939
			FHLMC_K048 3.284% 6/25/2025						1,175						1,149
			FHLMC_K049 3.01% 7/25/2025						12,050						11,718
			FHLMC_K050 2.802% 1/25/2025						1,611						1,586
			FHLMC_K050 3.334% 8/25/2025						2,129						2,079
			FHLMC_K052 3.151% 11/25/2025						1,668						1,623
			FHLMC_K053 2.995% 12/25/2025						6,185						5,990
			FHLMC_K056 2.525% 5/25/2026						11,265						10,765
			FHLMC_K078 3.854% 6/25/2028						2,575						2,521
			FHLMC_K728 3.064% 8/25/2024						1,493						1,470
			FHLMC_K729 3.136% 10/25/2024						130						128
			FHLMC_K733 3.75% 8/25/2025						3,254						3,197
			FHLMC_K736 1.895% 6/25/2025						1,018						1,001
			FHMS_17-K066 2.797% 12/25/2026						1,815						1,760
			FNMA 15YR 3.5% 1/01/2026						70						68
			FNMA 15YR 3.5% 10/01/2025						63						63
			FNMA 15YR 3.5% 11/01/2025						200						196
			FNMA 15YR 3.5% 12/01/2025						35						35
			FNMA 15YR 3.5% 12/01/2026						2						2
			FNMA 15YR 3.5% 2/01/2026						83						81
			FNMA 15YR 3.5% 3/01/2026						22						21
			FNMA 15YR 3.5% 7/01/2026						2						2

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

57

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FNMA 15YR 3.5% 8/01/2026						29						28
			FNMA 15YR 3.5% 9/01/2025						14						14
			FNMA 15YR 3.5% 9/01/2026						1						1
			FNMA 15YR 4% 1/01/2025						2						2
			FNMA 15YR 4% 2/01/2026						5						5
			FNMA 15YR 4% 4/01/2025						28						27
			FNMA 15YR 4% 5/01/2025						21						21
			FNMA 15YR 4% 6/01/2025						5						5
			FNMA 15YR 4% 9/01/2024						12						12
			FNMA 15YR 4% 9/01/2025						7						7
			FNMA 15YR 4.5% 12/01/2024						4						4
			FNMA 15YR 4.5% 4/01/2025						2						2
			FNMA 0.625% 4/22/2025						11,850						11,257
			FNMA 10/1 HYBRID ARM 5.795% 10/01/2034						3						3
			FNMA 10/1 HYBRID ARM 6.069% 12/01/2033						2						2
			FNMA 15YR 2.5% 2/01/2033						1,029						968
			FNMA 15YR 3% 1/01/2031						14						13
			FNMA 15YR 3% 1/01/2032						408						390
			FNMA 15YR 3% 1/01/2033						1,147						1,095
			FNMA 15YR 3% 1/01/2034						804						765
			FNMA 15YR 3% 10/01/2030						1,634						1,569
			FNMA 15YR 3% 10/01/2031						35						34
			FNMA 15YR 3% 10/01/2033						865						824
			FNMA 15YR 3% 11/01/2030						344						330
			FNMA 15YR 3% 11/01/2031						524						502
			FNMA 15YR 3% 11/01/2033						535						510
			FNMA 15YR 3% 2/01/2030						263						252
			FNMA 15YR 3% 2/01/2031						1,549						1,487
			FNMA 15YR 3% 2/01/2032						385						368
			FNMA 15YR 3% 2/01/2034						545						517
			FNMA 15YR 3% 3/01/2031						199						192
			FNMA 15YR 3% 3/01/2032						184						176
			FNMA 15YR 3% 3/01/2033						268						255
			FNMA 15YR 3% 4/01/2031						241						231
			FNMA 15YR 3% 4/01/2032						1,682						1,619
			FNMA 15YR 3% 5/01/2031						775						743
			FNMA 15YR 3% 6/01/2034						200						189
			FNMA 15YR 3% 7/01/2027						50						49
			FNMA 15YR 3% 7/01/2030						105						101

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

58

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FNMA 15YR 3% 7/01/2032						732						700
			FNMA 15YR 3% 8/01/2031						298						286
			FNMA 15YR 3% 9/01/2029						382						368
			FNMA 15YR 3% 9/01/2031						438						420
			FNMA 15YR 3% 9/01/2032						556						531
			FNMA 15YR 3% 9/01/2033						399						380
			FNMA 15YR 3.5% 1/01/2026						45						45
			FNMA 15YR 3.5% 1/01/2027						187						184
			FNMA 15YR 3.5% 1/01/2029						9						9
			FNMA 15YR 3.5% 1/01/2030						389						378
			FNMA 15YR 3.5% 1/01/2034						183						180
			FNMA 15YR 3.5% 10/01/2026						229						225
			FNMA 15YR 3.5% 10/01/2028						153						149
			FNMA 15YR 3.5% 10/01/2029						25						24
			FNMA 15YR 3.5% 11/01/2026						16						16
			FNMA 15YR 3.5% 11/01/2027						5						5
			FNMA 15YR 3.5% 11/01/2028						109						107
			FNMA 15YR 3.5% 11/01/2029						95						94
			FNMA 15YR 3.5% 12/01/2025						81						79
			FNMA 15YR 3.5% 12/01/2026						48						47
			FNMA 15YR 3.5% 12/01/2028						76						73
			FNMA 15YR 3.5% 12/01/2029						508						494
			FNMA 15YR 3.5% 12/01/2032						507						493
			FNMA 15YR 3.5% 2/01/2026						55						54
			FNMA 15YR 3.5% 2/01/2027						12						12
			FNMA 15YR 3.5% 2/01/2028						1						1
			FNMA 15YR 3.5% 2/01/2029						320						312
			FNMA 15YR 3.5% 2/01/2031						299						292
			FNMA 15YR 3.5% 2/01/2032						911						888
			FNMA 15YR 3.5% 2/01/2034						30						29
			FNMA 15YR 3.5% 3/01/2026						5						5
			FNMA 15YR 3.5% 4/01/2026						77						74
			FNMA 15YR 3.5% 4/01/2027						27						27
			FNMA 15YR 3.5% 4/01/2030						189						185
			FNMA 15YR 3.5% 4/01/2034						745						730
			FNMA 15YR 3.5% 5/01/2026						4						4
			FNMA 15YR 3.5% 5/01/2027						47						46
			FNMA 15YR 3.5% 5/01/2029						73						71
			FNMA 15YR 3.5% 6/01/2027						155						152

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

59

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FNMA 15YR 3.5% 6/01/2029						184						179
			FNMA 15YR 3.5% 6/01/2030						197						192
			FNMA 15YR 3.5% 7/01/2029						513						500
			FNMA 15YR 3.5% 8/01/2026						32						32
			FNMA 15YR 3.5% 8/01/2027						74						73
			FNMA 15YR 3.5% 8/01/2029						362						353
			FNMA 15YR 3.5% 8/01/2032						428						417
			FNMA 15YR 3.5% 8/01/2033						125						123
			FNMA 15YR 3.5% 9/01/2026						255						251
			FNMA 15YR 3.5% 9/01/2028						134						131
			FNMA 15YR 3.5% 9/01/2029						668						651
			FNMA 15YR 3.5% 9/01/2033						307						302
			FNMA 15YR 4% 1/01/2029						164						160
			FNMA 15YR 4% 11/01/2026						35						35
			FNMA 15YR 4% 5/01/2027						2						2
			FNMA 15YR 4% 7/01/2025						5						5
			FNMA 15YR 4% 8/01/2026						7						7
			FNMA 15YR 4% 9/01/2025						1						1
			FNMA 15YR 4% 9/01/2027						10						10
			FNMA 15YR 4.5% 5/01/2024						2						2
			FNMA 15YR 4.5% 6/01/2026						22						22
			FNMA 15YR 5% 7/01/2025						3						3
			FNMA 15YR UMBS 2% 7/01/2035						4,684						4,211
			FNMA 15YR UMBS 2% 7/01/2037						8,079						7,241
			FNMA 15YR UMBS 2.5% 10/01/2034						1,636						1,522
			FNMA 15YR UMBS 2.5% 12/01/2034						1,746						1,619
			FNMA 15YR UMBS 2.5% 2/01/2035						3,484						3,231
			FNMA 15YR UMBS 2.5% 5/01/2035						980						912
			FNMA 15YR UMBS 2.5% 8/01/2034						3,421						3,180
			FNMA 15YR UMBS 3% 6/01/2037						10,447						9,850
			FNMA 15YR UMBS 3% 7/01/2034						848						804
			FNMA 15YR UMBS 3% 8/01/2034						34						32
			FNMA 15YR UMBS 3.5% 7/01/2037						2,032						1,956
			FNMA 15YR UMBS 3.5% 9/01/2037						2,842						2,735
			FNMA 15YR UMBS 4% 3/01/2038						2,970						2,913
			FNMA 15YR UMBS 4% 8/01/2037						3,422						3,373
			FNMA 15YR UMBS 4.5% 11/01/2037						845						841
			FNMA 15YR UMBS 4.5% 12/01/2037						862						857
			FNMA 15YR UMBS 4.5% 4/01/2038						12,425						12,356

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

60

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			FNMA 15YR UMBS 5% 11/01/2037						14,930						15,014
			FNMA 15YR UMBS 5% 12/01/2037						13,529						13,607
			FNMA 15YR UMBS SUPER 2% 7/01/2035						1,977						1,783
			FNMA 15YR UMBS SUPER 2% 8/01/2035						2,953						2,663
			FNMA 15YR UMBS SUPER 2% 9/01/2035						6,293						5,677
			FNMA 15YR UMBS SUPER 3% 1/01/2036						3,005						2,839
			FNMA 15YR UMBS SUPER 4% 9/01/2037						2,596						2,547
			FNMA 2.625% 9/06/2024						22,050						21,698
			FNMA 6M LIBOR ARM 5.156% 3/01/2034						67						67
			FNMA 6M LIBOR ARM 5.165% 11/01/2032						22						22
			FNMA 6M LIBOR ARM 5.268% 4/01/2035						65						65
			FNMA 6M LIBOR ARM 5.665% 12/01/2032						44						43
			FNMA 6M LIBOR ARM 5.919% 9/01/2035						84						85
			FNMA 7/1 HYBRID ARM 5.918% 1/01/2034						29						29
			FNMA 7/1 HYBRID ARM 6.245% 3/01/2036						12						12
			FNMA BENCHMARK NOTE 0.375% 8/25/2025						12,500						11,696
			TREASURY NOTE 2.875% 4/30/2029						91,500						87,075
			UMBS 15YR TBA(REG B) 3% 1/18/2039						68,375						64,462
			UMBS 15YR TBA(REG B) 3.5% 1/18/2039						68,225						65,675
			UMBS 15YR TBA(REG B) 4% 1/18/2039						7,375						7,236
			UMBS 15YR TBA(REG B) 4.5% 1/18/2039						4,675						4,652
			UMBS 15YR TBA(REG B) 5% 1/18/2039						1,600						1,610
			UMBS 15YR TBA(REG B) 5.5% 1/18/2039						2,200						2,231
			UMBS 15YR TBA(REG B) 6% 1/18/2039						1,375						1,406
			Total U.S. Government and Agency Obligations												$	621,162
			Common/Collective Trusts
*			COLUMBIA TR GOVT MM FUND 0% 1/00/1900						149,424						149,424
			Total Common/Collective Trusts												$	149,424
			Total Fully Benefit Responsive Investment Contracts, at Fair Value												$	770,586
			Adjustment from Fair Value to Contract Value
			AMERICAN UNITED LIFE - S00016, 2.440%												4,658
*			JP MORGAN CHASE I - #AISP01, MATURES 12/31/50, 4.24%												5,028
			LINCOLN NATIONAL LIFE												4,780
			MET LIFE - #28972, MATURES 12/31/50, 3.98%												3,547

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

61

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

as of December 31, 2023

			(a) (b) (c) Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date						Number of Shares/ Units or Face Amount (in thousands)						(e) Current Value (in thousands)
			MONUMENT LIFE V - #MDS00375TR, MATURES 12/31/50, 4.08%												6,058
			PACIFIC LIFE - # 26755, MATURES 12/31/50, 4.00%												4,346
			PRUDENTIAL GA63690												5,402
			RBC I - #10903, MATURES 12/31/50, 4.02%												3,291
			Total Adjustments												$	37,110
			Total Fully Benefit Responsive Investment Contracts, at Contract Value												$	807,696
			TOTAL INVESTMENTS												$	7,713,373
			Loan to Participants
*			Various Loans - 3.25% through 9.50% due through December 14, 2053 (cost $0)												67,333
			Loans to Participants Total												$	67,333

*    Indicates party-in-interest

Column (d) cost, has been omitted, as all investments are participant directed, except where indicated

62

---

EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)

For the Year Ended December 31, 2023

			(a) & (b)  Identity of Issue, Borrower, Lessor, or Similar Party involved; Description of transaction including rate of interest and maturity date			Number of Shares/ Units or Face Amount						(d) Proceeds of dispositions
						(in thousands)						(in thousands)
			CORPORATE DEBT INSTRUMENTS
			AMGEN INC 5.250% 3/02/33			174						173
			AMGEN INC 5.600% 3/02/43			320						314
			APPLE INC 4.850% 5/10/53			275						236
			BANK OF AMERICA V-D 5.080% 1/20/27			227						220
			COMCAST CORP 5.350% 5/15/53			405						366
			CONSTELLATION BRANDS 4.500% 5/09/47			70						53
			ING GROEP N.V. SR 6.083% 9/11/27			210						210
*			MORGAN STANLEY BANK 4.754% 4/21/26			250						243
			NATWEST GROUP V-A 6.016% 3/02/34			200						190
			PACIFICORP 5.500% 5/15/54			210						201
			PHILLIPS 66 CO 3.605% 2/15/25			60						58
			STANDARD CHART V-A 6.170% 1/09/27			290						297
			TOR DOM BK MTN CONV 5.532% 7/17/26			390						392
			WELLS FARGO BANK NAT 5.450% 8/07/26			505						502
			WELLS FARGO CO V-D 6.303% 10/23/29			485						501

*    Indicates party-in-interest

63

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EIN 13-4922250

Plan #: 002

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Schedule H, Line 4j – Schedule of Reportable Transactions

for the Year Ended December 31, 2023

(Thousands, except where indicated)

(a)			(b)			(c)			(d)			(g)			(h)			(i)
Identity of Party Involved			Description of Asset			Purchase Price			Selling Price			Cost of Asset			Current Value of Asset on Transaction Date			Net Gain (Loss)
Category (i) – single transactions in excess of 5% of the fair value of plan assets
Capital Group Europacific Growth Tr 07/21/23			Common/Collective Trusts			391,475			—			391,475			391,475			—
Capital Group Europacific Growth Tr 12/15/23			Common/Collective Trusts			—			401,761			401,232			401,761			529
Capital Group Europacific Growth U3 12/15/23			Common/Collective Trusts			401,761			—			401,761			401,761			—
Amer Fnds Europac Grow-R6 #2616 07/21/23			Common/Collective Trusts			—			391,475			378,085			391,475			13,390
*Vanguard Employee Benefit Index #528 12/08/23			Common/Collective Trusts			—			443,578			246,050			443,578			197,528
*Fidelity Blue Chip GR Comm CL F CIT 12/18/23			Common/Collective Trusts			526,802			—			526,802			526,802			—
Category (iii) – series of transactions in the same security in excess of 5% of the fair value of plan assets
Treasury Note 2.875% 4/30/2029			U.S. Government and Agency Obligations			341,757			—			341,757			341,757			—
						—			255,231			258,030			255,231			(2,799)
Treasury Note 1.25% 6/30/2028			U.S. Government and Agency Obligations			214,468			—			214,468			214,468			—
						—			215,479			214,468			215,479			1,011
Treasury Note 1.25% 4/30/2028			U.S. Government and Agency Obligations			185,632			—			185,632			185,632			—
						—			184,410			185,632			184,410			(1,222)
There were no category (ii) or (iv) reportable transactions during the Plan year ended December 31, 2023.
Non-applicable columns are not included in this presentation.

*    Indicates party-in-interest

64

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SIGNATURE

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

						AMERICAN EXPRESS RETIREMENT SAVINGS PLAN
Date: June 17, 2024						By			/s/ Rita Pang
									Rita Pang
									Employee Benefits Administration Committee

65

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EXHIBIT INDEX

Exhibit Number			Description			How Filed
23			Consent of Independent Registered Public Accounting Firm –McConnell & Jones LLP			Electronically filed herewith

E-1

EXHIBIT 23

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 033-53801) of American Express Company of our report dated June 17, 2024, relating to the financial statements and supplemental schedules of American Express Retirement Savings Plan, which appears in this Form 11-K for the year ended December 31, 2023.

/s/ McConnell & Jones LLP

McConnell & Jones LLP

Houston, Texas

June 17, 2024

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