Citigroup Inc.

06/29/2026 | Press release | Distributed by Public on 06/29/2026 14:19

Annual Report of Employee Stock Purchase/Savings Plan (Form 11-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2025
Commission File No. 1-9924
__________________________________
A.Full title of the plan and the address of the plan, if different from that of the issuer named below:
CITI RETIREMENT SAVINGS PLAN
Plans Administration Committee
388 Greenwich Street, 15th Floor
New York, NY 10013
B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Citigroup Inc.
388 Greenwich Street
New York, NY 10013
CITI RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedule
December 31, 2025 and 2024
(With Report of Independent Registered Public Accounting Firm Thereon)
CITI RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedule
December 31, 2025 and 2024
Table of Contents
Page
Report of Independent Registered Public Accounting Firm
1
Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 2025 and 2024
3
Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2025 and 2024
4
Notes to Financial Statements
5
Supplemental Schedule:*
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2025
15
Signatures
63
Exhibit Index
64
* Other schedules required by Form 5500 which are not applicable have been omitted
Report of Independent Registered Public Accounting Firm
To the Plan Participants and Plan Administrator
Citi Retirement Savings Plan:
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Citi Retirement Savings Plan (the Plan) as of December 31, 2025 and 2024, the related statements of changes in net assets available for benefits for the years ended December 31, 2025 and 2024, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the years ended December 31, 2025 and 2024, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
1
Accompanying Supplemental Information
The Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2025, has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ KPMG LLP
We have served as the Plan's auditor since 1987.
New York, New York
June 25, 2026
2
CITI RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Benefits
December 31, 2025 and 2024
2025 2024
Assets:
Investments:
Investments, at fair value $ 25,356,151,201 $ 21,613,390,478
Investments in fully benefit-responsive investment contracts,
at contract value
818,399,492 876,663,256
Total investments 26,174,550,693 22,490,053,734
Receivables:
Employer contributions 514,659,484 584,018,514
Interest and dividends 9,787,904 9,879,766
Receivable for securities sold 295,184 1,834,225
Participant contributions - 558,451
Participant loans 230,107,379 222,103,184
Total receivables 754,849,951 818,394,140
Total assets 26,929,400,644 23,308,447,874
Liabilities:
Payable for securities purchased 5,601,917 4,360,173
Other investment liabilities 411,580 1,706,575
Payable for trustee, administrative fees and other 3,380,882 4,755,549
Total liabilities 9,394,379 10,822,297
Net assets available for benefits $ 26,920,006,265 $ 23,297,625,577
See accompanying notes to financial statements.
3
CITI RETIREMENT SAVINGS PLAN
Statements of Changes in Net Assets Available for Benefits
Years Ended December 31, 2025 and 2024
2025 2024
Additions to net assets attributable to:
Investment income:
Dividends $ 55,376,225 $ 60,512,176
Interest 23,377,284 25,096,828
Net appreciation in fair value of investments 4,033,359,317 2,906,171,268
Net investment income 4,112,112,826 2,991,780,272
Interest income on loans receivable from participants 17,677,745 15,168,554
Contributions:
Employer 514,711,508 584,072,828
Participants 886,372,090 878,910,062
Rollover 89,948,865 95,584,804
Total contributions
1,491,032,463 1,558,567,694
Total additions to net assets 5,620,823,034 4,565,516,520
Deductions from net assets attributable to:
Distributions to participants 1,979,312,978 1,947,720,323
Trustee and administrative expenses 18,445,583 20,408,429
Dividends paid directly to participants 683,785 616,503
Total deductions from net assets 1,998,442,346 1,968,745,255
Net increase 3,622,380,688 2,596,771,265
Net assets available for benefits at:
Beginning of year 23,297,625,577 20,700,854,312
End of year $ 26,920,006,265 $ 23,297,625,577
See accompanying notes to financial statements.
4
CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
(1)Description of the Plan
The following brief description of the Citi Retirement Savings Plan (the Plan) is provided for general information purposes only. Participants should refer to the Plan's Summary Plan Description and legal Plan document for a more complete description of the Plan.
(a) General
The Plan was established in 1987 and is a defined contribution plan designed to encourage savings on the part of eligible employees. The Plan covers eligible employees of Citigroup Inc. (the Company), its subsidiaries and affiliates. The Company is the Plan Sponsor, as defined by the Plan document. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Internal Revenue Code of 1986, as amended (the Code). The Plan is designed to comply with Section 404(c) of ERISA and the related regulations. The Plan provides for participant-directed accounts, which permits a participant or beneficiary to exercise control over the assets in the account and make investment decisions. As a result, the Plan's fiduciaries may be released from liability for any losses that result from the participant's or beneficiary's individual investment decisions.
The Plan was initially designed as an Employee Stock Ownership Plan (ESOP) within the meaning of Section 4975(e)(7) of the Code. Effective March 1, 2003, the Plan consists of a non-leveraged ESOP component and a non-ESOP component. The ESOP component consists of any amount invested in the Citigroup Common Stock Fund under the Plan.
Bank of New York Mellon is the trustee and the custodian of the Plan. The Plan is administered by Alight Solutions Inc., a third-party administrator.
(b) Eligibility
Eligible employees generally include (1) employees working in the U.S. and paid from the Company payroll or (2) U.S. citizens or lawful permanent residents of the U.S. performing services overseas in an expatriate employment classification in each case who are performing services for the Company and participating subsidiaries, as defined in the Plan document.
Full-time and part-time employees are eligible to participate on the first day of the first pay period after the participant becomes an employee of the Company.
(c) Employee Contributions
Eligible employees may defer on a before-tax and/or Roth basis through payroll deductions up to 50% (in 1% increments) of their eligible pay subject to certain legal limitations. Eligible pay generally includes base salary, overtime, commissions, shift differential pay, and periodic incentive bonuses. The maximum annual eligible pay under the Plan does not exceed the applicable statutory limit.
Newly hired and rehired eligible employees are automatically enrolled in the Plan at a 6% before-tax contribution rate unless they otherwise enroll themselves or opt out of the Plan. Participants who are automatically enrolled in the Plan, but do not make an investment election, are invested in the Plan's default investment, which is the Plan's "target retirement date" fund consistent with the participant's projected year of retirement. Further, unless the participant elects a different rate, for employees who are automatically enrolled, their contribution rate is automatically increased by 1% annually until they reach a before-tax contribution rate of 15%.
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CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
Participants who are age 50 or older by the end of the Plan year are permitted to make additional contributions up to 49% of their eligible pay, known as "catch-up" contributions, up to the applicable statutory limit. There is no automatic enrollment for catch-up contributions.
(d) Employer Contributions
During 2025 and 2024, employer contributions consisted of three components: the Company matching contribution, fixed contribution, and transition contribution. A one-time Company contribution is also provided to certain grandfathered participants on a limited basis when they become eligible.
The Company matching contribution was equal to 100% of the participant's before-tax and/or Roth contributions up to 6% of the participant's eligible compensation (up to the annual compensation maximum set by the Code) for eligible employees at all compensation levels. For Plan year ended December 31, 2024, Company matching contributions did not exceed the lesser of the participant's contribution or 6% of the participant's eligible compensation up to the statutory limit. Effective January 1, 2025, Company matching contributions did not exceed the lesser of the participant's contribution or 6% of the participant's eligible compensation up to $200,000. Catch-up contributions are not subject to matching contributions. Participants must contribute to the Plan to receive Company matching contributions.
A fixed contribution of up to 2% of eligible pay is credited to the Plan accounts of eligible employees whose qualifying annual compensation, as defined in the Plan, is $100,000 or less.
An annual transition contribution is credited to the Plan accounts of certain employees who were eligible to receive benefits under the Plan, the Citigroup Pension Plan, and the Citigroup Ownership Program in 2007, prior to the Plans' redesign. If an employee's total benefit opportunity under the three programs was greater than his or her benefit opportunity under the Plan, an additional transition contribution is credited. Participants receiving this transition contribution generally have long service and must be continuously employed by the Company since December 31, 2006.
Matching, fixed, and transition contributions are invested in the same manner as a participant's before-tax contributions, or, in the Plan's qualified default investment alternative in the absence of such an election.
At December 31, 2025 and 2024, the employer contribution receivable was $514.7 million and $584.0 million, respectively. Company contributions relating to 2025 and 2024 were received and credited to participant accounts during the first quarter of 2026 and 2025, respectively.
(e) Participant Accounts
The Plan maintains a separate account for each participant, to which contributions, expenses, and investment gains and losses are allocated.
Participants may elect to invest their account balance among the investment fund options offered under the Plan in whole increments of 1%.
A participant may elect to suspend or resume his or her contributions, subject to the Plan's notice requirements. In addition, a participant may change the rate of his or her contributions, subject to the Plan's notice requirements, and may elect to change the allocation of future contributions among the funds daily. A participant may also elect to transfer the value of his or her contributions in whole increments of 1% to other Plan investment funds, subject to certain restrictions.
6
CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
Changes requested by participants are implemented as soon as administratively practicable, in accordance with the Plan document.
(f) Rollover and Transfer Contributions
The Plan accepts qualifying rollover contributions made by participants in cash from qualified retirement plans or Individual Retirement Accounts (IRA). Such transfers or rollovers to the Plan may only be made with the approval of the Plan's management and do not affect any other contributions made by or on behalf of a participant.
Rollover contributions into the Plan in 2025 and 2024 amounted to $89.9 million and $95.6 million, respectively.
(g) Investment Options
Plan assets are held in a trust fund and are invested in the investment options offered under the Plan at the direction of Plan participants, in accordance with the Plan document.
Subject to certain restrictions, Plan participants may move a portion or all of their account balances among the Plan's investment options through a fund transfer, reallocation, or rebalance, generally not more frequently than once every seven calendar days.
Restrictions are subject to change at any time depending on generally applicable Plan rules or the requirements of the funds.
To the extent required by the compliance procedures of a mutual fund to ensure the fund's adherence to the market timing rules mandated by the Securities and Exchange Commission and upon request by a mutual fund, the Plan may provide reports to the fund detailing Plan participants' trading activity in that particular fund. The Company also may restrict the ability of certain Plan participants to invest in or divest from the Citigroup Common Stock Fund.
In general, no investment-related transaction costs are associated with the Plan, though the funds have the right to impose redemption fees, should they decide to do so.
The Plan does not directly participate in securities lending programs; however, there are investment funds that engage in securities lending which are available to Plan participants. The investment manager for an investment option determines the terms of, and the extent to which, securities lending is used. Engaging in securities lending is intended to benefit Plan participants investing in such investment offering.
(h) Vesting
The rights of a participant to his or her own contributions, matching contributions, and any earnings thereon are at all times fully vested and non-forfeitable.
Company fixed and transition contributions, as described in note 1(d), vest according to the following schedule:
•Upon completion of three years of service, any fixed and/or transition contributions made on a participant's behalf will be immediately vested;
• If a participant reaches age 55, dies, or becomes disabled while in service;
• In the case of a full or partial termination of the Plan or complete discontinuance of contributions under the Plan.
7
CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
Once a participant is vested in his or her Company contributions, those contributions are available for distribution or rollover once he or she leaves the Company or is otherwise eligible to take a distribution, as more fully described in notes 1(k) and 1(l).
(i) Forfeited Accounts
Forfeitures may be used to offset expenses of the Plan. During 2025 and 2024, $607,480 and $735,732, respectively, of forfeitures were used to offset Plan expenses. As of December 31, 2025 and 2024, unallocated forfeitures were $101,276 and $182,034, respectively.
(j) Loans Receivable from Participants
Subject to the Plan's provisions and the requirements contained within ERISA and the Code, participants may apply for up to two loans from the Plan at a fixed annual interest rate equal to the prime rate, as published in The Wall Street Journal for the fifteenth business day of the month in which the loan application is initiated, plus 1%. Loans may be made for a minimum amount of $1,000, the maximum of which would be the lesser of 50% of the participant's vested account balance or $50,000, less the highest outstanding loan balance in the previous twelve months. The interest rates for loans receivable from participants as of December 31, 2025 and 2024 ranged from 4.25% to 10.25% in both years. Loan terms range from 1 to 5 years for general-purpose loans or up to 20 years for the purchase of a primary residence.
Loans receivable from participants are valued at unpaid principal plus any accrued but unpaid interest.
Each loan is secured through the vested balance in the participant's Plan account. If a participant defaults on his or her loan by failing to make timely repayments, the outstanding principal and interest due on the loan is treated as a deemed distribution and reported as a taxable distribution to the participant as soon as administratively practicable in the year of default. If the participant has an outstanding loan and takes a distribution of his or her Plan benefit, the outstanding principal and interest due on the loan is deducted from the account balance before an amount is distributed to the participant.
A participant applying for a loan through the Plan will be charged a $50 loan application fee. The loan application fee is nonrefundable and will be used to offset the administrative expenses associated with the loan. The fee will be deducted from the participant's Plan account at the time his or her loan request is processed. Plan participants who reside in Florida may be subject to a nominal tax imposed by Florida law, which is deducted from the participant's Plan account at the time his or her loan request is processed as soon as administratively practicable.
(k) Withdrawals
Prior to termination of employment, a participant may withdraw, subject to the Plan's notice requirements, all or a portion of the vested value of his or her participant account if the participant has attained age 59½ or becomes totally and permanently disabled, or a certain portion of the value of his or her participant account in the event of demonstrated financial hardship, subject to the Plan's provisions. Withdrawals to which a participant is entitled are the amounts that can be provided by the contributions and income thereon (including net realized and unrealized investment gains and losses) allocated to each participant's account, less allocated expenses. Withdrawals from the Citigroup Common Stock Fund may be paid in either shares of common stock or cash at the discretion of the participant, with the exception of a hardship withdrawal, which must be paid in cash. Fractional shares and withdrawals from other funds are paid in cash.
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CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
(l) Distributions
A participant, after leaving the Company, can have the total of his or her vested account distributed in accordance with the provisions of the Plan. The value of this distribution will be based on the value of the participant's vested account at the valuation date that coincides with the distribution to the extent administratively practicable.
If the value of a participant's account exceeds $7,000, the participant may elect to defer the commencement of his or her distribution until the date he or she must take the first required minimum distribution (RMD). If the participant is still employed at RMD age, minimum distributions must commence when the participant retires or otherwise separates from service.
If the value of a participant's account is at least $1,000 and does not exceed $7,000, the Plan will automatically roll the participant's account over to an IRA, if the participant does not elect otherwise within 90 days of receiving a notice from the Plan. However, if the Plan participant is age 65 or older and his or her account balance is $7,000 or less, the Plan will distribute his or her account as a lump-sum distribution and withhold the applicable taxes. If the value of a participant's account is less than $1,000, the Plan will distribute the participant's account upon termination of employment, unless otherwise instructed.
Distributions to which a participant is entitled are the vested amounts that can be provided by the contributions and income thereon (including net realized and unrealized investment gains and losses) allocated to each participant's account, less allocated expenses. Fractional shares and distributions from other funds are paid in cash.
(2) Summary of Significant Accounting Policies
(a) Basis of Accounting
The accompanying financial statements have been prepared under the accrual basis of accounting and are displayed in U.S. dollars.
(b) Use of Estimates
The preparation of the financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires the Plan's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, changes therein, and disclosure of contingent assets and liabilities at the date the financial statements are prepared. Actual results could differ from those estimates and assumptions. Significant estimates inherent in the preparation of the financial statements include the fair value of investments.
(c) Investment Valuation and Income Recognition
Investments held by the Plan are generally stated at fair value with the exception of fully benefit-responsive investment contracts, which according to GAAP are stated at contract value.
Equity investments traded on national securities exchanges are valued at their closing market prices. When no trades are reported, they are valued at the most recent reported sale price on the last business day of the year; securities traded in the over-the-counter market are valued at their last sale or bid price. This includes U.S. and non-U.S. equities in separately managed accounts, and the Citigroup Common Stock Fund.
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CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
Mutual funds are valued at the net asset value (NAV) as reported by the underlying fund or its agent. Exchange-traded funds are valued at their last sale price.
Collective trust funds are determined to have readily determinable fair values and valued based on NAV. Participant-directed redemptions from these collective trust funds generally can be made daily, subject to a Plan imposed 7-day minimum holding period on investments (other than BNY Mellon Stable Value Fund (Fund) related investments, which have a longer holding period).
Purchases and sales of investments are recorded on a trade-date basis. Securities purchased or sold near year-end may result in payments on these securities not being made or received until after the Plan's year-end. The amounts of such payments are recorded as payables or receivables as of year-end in the statements of net assets available for benefits. Interest income is recorded as earned on the accrual basis. Dividend income is recorded on the ex-dividend date.
Pending foreign exchange purchases are marked to market based upon year-end forward exchange rates.
(d) Fair Value of Other Assets and Liabilities
The carrying value of other assets and liabilities approximates fair value because of the short-term nature of these items.
(e) Payment of Benefits
Benefits are recorded when paid.
(3) Guaranteed Investment Contracts (GIC)
The Plan's Fund is a custom investment vehicle that invests in fully benefit-responsive investment contracts, which are synthetic GICs issued by insurance companies.
The Plan's GICs consist of the underlying investments, which are fixed-income securities owned directly by the Plan and "wrapper" contracts purchased from the insurance companies. The wrapper contracts guarantee full payment of principal and interest and provide an interest crediting rate of not less than zero. The wrapper contracts amortize the realized and unrealized gains and losses on the underlying fixed income investments over the duration of the investments, through adjustments to the future interest crediting rate. These investments are credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.
There are no reserves against contract value for credit risk of the contract issuers or otherwise.
An investment contract is considered fully benefit-responsive if all of the following criteria are met:
• The investment contract is between the Fund and the issuer and the contract cannot be sold or assigned.
• The contract issuer must be obligated to repay principal and interest to participants in the Fund or provide prospective crediting rate adjustments that cannot result in an interest crediting rate less than zero.
• All permitted participant-initiated transactions occur at contract value, without limitations.
• An event that limits the ability of the participant to transact at contract value is not probable.
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CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
• The Fund must allow participants reasonable access to their funds.
The Plan's management has concluded that the GICs are fully benefit-responsive investment contracts and has reported such contracts at contract value, as shown in the table below:
2025 2024
Synthetic GICs $ 818,399,492 $ 876,663,256
In addition, the Fund owns units of the Bank of New York Mellon Short-Term Investment Fund, which serves as the Fund's short-term liquidity vehicle, included in the fair value hierarchy table in cash equivalents and short-term investments.
(4) Fair Value Measurements
FASB Accounting Standards Codification (ASC) 820, Fair Value Measurement, provides a framework for measuring fair value, which provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
• Level 1 - Quoted prices for identical instruments in active markets.
• Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and value drivers are observable in the market.
• Level 3 - Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
This hierarchy requires the Plan's management to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. As required by ASC 820, assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
The methods described above may produce a fair value measurement that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
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CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
The table below categorizes the Plan's investments by level within the fair value hierarchy as of December 31, 2025.
December 31, 2025
Level 1 Level 2 Total
Investments, at fair value:
Cash equivalents and short-term investments
$ 377,497 $ 92,100,424 $ 92,477,921
Collective trust funds - 22,143,896,673 22,143,896,673
U.S. equities 1,360,581,565 - 1,360,581,565
Non-U.S. equities 600,249,194 - 600,249,194
Mutual funds and other registered investment companies 1,158,945,848 - 1,158,945,848
Investments, at fair value $ 3,120,154,104 $ 22,235,997,097 $ 25,356,151,201
Other investment liabilities $ - $ (411,580) $ (411,580)
The table below categorizes the Plan's investments by level within the fair value hierarchy as of December 31, 2024.
December 31, 2024
Level 1 Level 2 Total
Investments, at fair value:
Cash equivalents and short-term investments
$ 2,616,928 $ 70,088,623 $ 72,705,551
Collective trust funds - 19,007,270,264 19,007,270,264
U.S. equities 1,020,201,615 - 1,020,201,615
Non-U.S. equities 470,146,842 - 470,146,842
Mutual funds and other registered investment companies 1,043,066,206 - 1,043,066,206
Investments, at fair value $ 2,536,031,591 $ 19,077,358,887 $ 21,613,390,478
Other investment liabilities $ - $ (1,706,575) $ (1,706,575)
There were no transfers or reclassifications of investments between level 3 and other levels within the fair value hierarchy during the years ended December 31, 2025 and 2024, and there were no changes in valuation methodologies used to measure the fair value of the Plan's investments as of and for the years ended December 31, 2025 and 2024.
(5) Administrative Expenses
Plan provisions allow for administrative expenses, including, but not limited to, audit fees, custodial and trustee fees, investment manager fees, and recordkeeping fees to be paid by the Plan and allocated to participant accounts. Expenses related to monthly investment service fees and loan fees are charged to participants' investment balances and are reflected in the value of their participant accounts. These expenses are reported in trustee and administrative expenses in the statements of changes in net assets
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CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
available for benefits, or if paid by the investment funds, are included in net appreciation in fair value of investments.
Any expenses not borne by the Plan are paid by the Company.
(6) Risks and Uncertainties
The Plan invests in a variety of investment securities. Investment securities, in general, are exposed to various risks, such as interest rate, credit, foreign exchange, and overall market volatility risk. Due to the level of risk associated with certain investment securities, it is reasonable to expect that changes in the values of investment securities will occur in the near term and that such changes could materially affect participant account balances and the net assets available for plan benefits.
The Plan's exposure to a concentration of credit risk is limited by the diversification of investments across participant-directed fund elections and one election that is closed to new contributions. Additionally, the investments within each investment fund option are further diversified into varied financial instruments, with the exception of the Citigroup Common Stock Fund, which primarily invests in the securities of a single issuer. At December 31, 2025 and 2024, approximately 4% and 3% of the Plan's total investments were invested in Citigroup common stock, respectively.
Plan investments include a variety of investments that may directly or indirectly invest in securities with contractual cash flows. The value, liquidity, and related income of these securities are sensitive to changes in economic conditions and may be adversely affected by shifts in the market's perception of the issuers and changes in interest rates.
(7) Party-in-Interest Transactions
Certain Plan investments are units of the Citigroup Common Stock Fund, which consists of common stock issued by the Company. The Plan's investment in the Citigroup Common Stock Fund was $1,074.1 million and $732.9 million at December 31, 2025 and 2024, respectively.
The Plan held no direct investments through other investment options in the Company's common stock at December 31, 2025 and 2024. However, certain of the collective trust funds and mutual funds may have invested in Citigroup common stock if consistent with the fund's objective. In 2025 and 2024, the Company paid $23.1 million and $24.2 million, respectively, to the participants for dividends on common stocks held directly.
At December 31, 2025 and 2024, the Plan held $92.1 million and $70.1 million, respectively, of the Bank of New York Mellon Short-Term Investment Fund. At December 31, 2025 and 2024, the Plan also held through its investment in synthetic GICs valued at $0.2 million and $2.4 million, respectively, of the Bank of New York Mellon Short-Term Investment Fund.
These transactions qualify as exempt party-in-interest transactions.
(8) Tax Status
The Internal Revenue Service (the IRS) has determined and informed the Plan by a letter dated April 8, 2016 that the Plan as amended and restated effective January 1, 2014 and related trust are established in accordance with applicable sections of the Code and, therefore, the Plan qualifies as tax-exempt under Section 401(a) of the Code. Although the Plan has been amended since receiving the favorable determination letter, the Plan's management and the Plan's legal counsel believe that the Plan, as amended, continues to be qualified as tax-exempt and continues to operate in compliance with the applicable requirements of the Code. Therefore, no provision for income taxes is included in the Plan's financial statements.
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CITI RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2025 and 2024
GAAP requires the Plan's management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan's management has concluded that, as of December 31, 2025 and 2024, 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 audits by taxing jurisdictions; however, there are currently no audits for any open tax periods in progress. The Company believes the Plan is no longer subject to tax examination for years prior to 2022.
(9) Plan Termination
Although it has not expressed any intention to do so, the Plan Sponsor reserves the right under the Plan to amend or discontinue its contributions at any time and to amend or terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, either full or partial, all amounts credited to the impacted participants' accounts will become 100% vested and, therefore, will not be subject to forfeiture.
(10) Subsequent Events
The Plan's management evaluated subsequent events through the date on which the financial statements were issued, and determined that, other than those disclosed throughout the financial statements, no additional disclosures were required.
(11) Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of amounts reported in the financial statements to amounts reported on Form 5500 as of and for the years ended December 31, 2025 and 2024:
2025 2024
Net assets available for benefits per the financial statements $ 26,920,006,265 $ 23,297,625,577
Adjustment from contract value to fair value for fully benefit-responsive investment contracts
(34,479,454) (67,414,793)
Net assets available for benefits per Form 5500 $ 26,885,526,811 $ 23,230,210,784
Net increase in net assets available for benefits per the financial statements $ 3,622,380,688 $ 2,596,771,265
Prior year adjustment from contract value to fair value for fully benefit-responsive investment contracts 67,414,793 72,808,703
Current year adjustment from contract value to fair value for fully benefit-responsive investment contracts (34,479,454) (67,414,793)
Net increase in net assets per Form 5500 $ 3,655,316,027 $ 2,602,165,175
14
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Cash equivalents and short-term investments:
Australian Dollar $ 3,166
Brazil Real 1,413
Canadian Dollar 8,579
Chinese Yuan Renminbi 16
* Collective U.S. Gov't STIF 15 92,100,424
Czech Koruna 1,748
Euro 970
Hong Kong Dollar 40,021
Iceland Krona 40
Indian Rupee 41,097
Israeli Shekel 2,005
Japanese Yen 28,862
New Zealand Dollar 1,199
Norwegian Krone 3,977
Pound Sterling 10,880
South African Rand 18
Swedish Krona 1,454
Swiss Franc 9
U.S. Dollar 210,462
Vietnam Dong 21,581
Total cash equivalents and short-term investments $ 92,477,921
Collective trust funds:
BlackRock 0-5 Year U.S. Treasury Inflation Protected Securities Fund F 4,208,707 $ 57,569,642
BlackRock EAFE Equity Index Fund F 21,635,635 1,654,275,766
BlackRock Emerging Markets Index Fund F 38,268,236 690,378,109
BlackRock Equity Index Fund F 48,377,016 7,072,184,549
BlackRock LifePath Index 2030 Fund F 16,553,707 608,621,878
BlackRock LifePath Index 2035 Fund F 20,528,854 776,011,197
BlackRock LifePath Index 2040 Fund F 19,197,736 853,899,949
BlackRock LifePath Index 2045 Fund F 25,172,629 1,109,387,948
BlackRock LifePath Index 2050 Fund F 24,153,461 913,483,909
BlackRock LifePath Index 2055 Fund F 14,572,152 727,491,365
BlackRock LifePath Index 2060 Fund F 11,332,063 329,893,357
BlackRock LifePath Index 2065 Fund F 1,258,308 26,247,174
BlackRock LifePath Index Retirement Fund F 24,678,064 740,142,015
BlackRock Mid Capitalization Equity Index Fund F 6,807,258 1,190,227,808
BlackRock MSCI ACWI ESG Focus Index Fund F 2,759,542 66,400,925
BlackRock Roll Select Commodity Index Fund F 5,599,751 87,562,746
BlackRock Russell 1000 Growth Fund F 4,793,417 452,683,591
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
15
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
BlackRock Russell 1000 Value Fund F 2,088,943 138,676,749
BlackRock Russell 2000 Index Fund F 7,622,762 642,192,543
BlackRock Russell 3000 Index Fund F 13,224,451 1,871,320,705
BlackRock U.S Treasury Inflation Protected Securities Fund F 14,101,760 368,271,684
BlackRock U.S. Debt Index Fund F 42,416,016 1,520,499,649
FIAM Group Trust for Employee Benefit Plans Core Plus Commingled Pool 1,319,373 32,588,506
Fidelity FIAM Concentrated Emerging Markets 600,966 44,705,868
LS CIT Core Plus Fixed Income 1,826,054 32,595,068
Schroder Collective Investment Trust 5,859,458 136,583,973
Total collective trust funds $ 22,143,896,673
U.S. equities:
A10 Networks Inc 16,856 $ 298,176
Aaon Inc 908 69,215
Aar Corp 9,886 818,485
Abercrombie & Fitch Co 2,400 302,046
Abm Industries Inc 7,428 314,191
Academy Sports & Outdoors Inc 7,956 397,480
Acadia Pharmaceuticals Inc 2,057 54,946
Acadia Realty Trust 127,974 2,628,588
Aci Worldwide Inc 4,285 204,868
Adapthealth Corp 31,956 318,278
Adaptive Biotechnologies Corp 29,077 472,205
Addus Homecare Corp 10,676 1,146,515
Adeia Inc 31,976 551,579
Adma Biologics Inc 9,107 166,118
Advanced Energy Industries Inc 8,089 1,693,546
Affiliated Managers Group Inc 577 166,395
Agilysys Inc 8,910 1,058,821
Agree Realty Corp 9,169 660,416
Alamo Group Inc 148 24,810
Alarm.Com Holdings Inc 1,626 82,945
Alexandria Real Estate Equities 3,475 170,046
Allegro Microsystems Inc 29,559 779,766
Allison Transmission Holdings 1,210 118,490
Alpha Metallurgical Resources 461 92,217
American Eagle Outfitters Inc 15,379 405,535
American Healthcare Reit Inc 14,652 689,507
American Homes 4 Rent 72,306 2,321,016
Americold Realty Trust Inc 100,043 1,286,547
Ameris Bancorp 14,280 1,060,589
Api Group Corp 6,178 236,387
Apogee Therapeutics Inc 1,770 133,565
Appfolio Inc 1,204 280,187
Applied Digital Corp 1,393 34,158
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
16
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Applied Industrial Technologies 876 224,875
Arcbest Corp 8,089 600,106
Arcellx Inc 1,859 121,234
Archer Aviation Inc 2,497 18,774
Archrock Inc 13,364 347,743
Arcutis Biotherapeutics Inc 1,488 43,210
Argan Inc 196 61,326
Arrow Electronics Inc 2,947 324,691
Arrowhead Pharmaceuticals Inc 1,432 95,071
Asbury Automotive Group Inc 320 74,306
Astera Labs Inc 218 36,216
Ati Inc 1,812 208,001
Atmus Filtration Technologies 7,120 369,605
Avalonbay Communities Inc 3,685 668,207
Avnet Inc 8,275 397,839
Axcelis Technologies Inc 6,464 519,320
Axos Financial Inc 3,859 332,461
Axsome Therapeutics Inc 9,215 1,683,066
Azz Inc 3,806 407,897
Badger Meter Inc 787 137,245
Balchem Corp 620 95,105
Bancorp Inc/The 3,586 242,128
Beam Therapeutics Inc 4,889 135,529
Bel Fuse Inc 1,723 292,206
Belden Inc 7,138 831,945
Bellring Brands Inc 20,072 536,528
Benchmark Electronics Inc 6,714 287,077
Beone Medicines Ltd 9,567 220,393
Beta Technologies Inc 983 27,720
Bgc Group Inc 53,264 475,648
Bicara Therapeutics Inc 1,706 28,706
Bill Holdings Inc 4,219 230,112
Billiontoone Inc 227 18,552
BJ's Wholesale Club Holdings Inc 5,692 512,460
Blackline Inc 958 52,950
Bloom Energy Corp 3,470 301,524
Boot Barn Holdings Inc 5,568 982,633
Booz Allen Hamilton Holding Co 1,423 120,046
Boyd Gaming Corp 5,982 509,880
Bridgebio Pharma Inc 27,483 2,102,163
Brightspring Health Services Inc 9,394 351,804
Brinker International Inc 827 118,670
Brink's Co/The 7,839 915,060
Bristow Group Inc 5,019 183,797
Brixmor Property Group Inc 64,931 1,702,488
Broadridge Financial Solutions 210 46,801
Broadstone Net Lease Inc 37,055 643,650
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
17
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Build-A-Bear Workshop Inc 1,360 83,334
Bwx Technologies Inc 714 123,409
Bxp Inc 24,966 1,684,683
Byline Bancorp Inc 10,770 313,947
Cabot Corp 1,912 126,750
Caci International Inc 99 52,675
Cadence Bank 9,033 386,993
Callaway Golf Co 47,734 557,053
Cargurus Inc 15,822 606,775
Caris Life Sciences Inc 788 21,258
Carpenter Technology Corp 510 160,660
Cars.Com Inc 3,192 38,937
Casey's General Stores Inc 211 116,460
Castle Biosciences Inc 36,649 1,425,651
Catalyst Pharmaceuticals Inc 16,032 374,181
Cava Group Inc 10,112 593,471
Cavco Industries Inc 1,146 677,230
Ccc Intelligent Solutions Hold 28,500 226,579
Celcuity Inc 743 74,104
Celldex Therapeutics Inc 2,390 64,904
Centrus Energy Corp 688 167,030
Cg Oncology Inc 3,732 154,945
Chord Energy Corp 5,193 481,372
Churchill Downs Inc 732 83,285
Cirrus Logic Inc 3,200 379,148
* Citigroup Inc 9,205,079 1,074,140,656
Clearwater Analytics Holdings 53,292 1,285,404
Cno Financial Group Inc 22,205 943,054
Coca-Cola Consolidated Inc 2,978 456,507
Coeur Mining Inc 14,745 262,895
Cogent Biosciences Inc 3,829 135,995
Cognex Corp 5,759 207,209
Collegium Pharmaceutical Inc 23,767 1,100,413
Columbia Banking System Inc 13,530 378,170
Commercial Metals Co 25,873 1,790,935
Commvault Systems Inc 1,666 208,811
Concentra Group Holdings Parent Inc 4,085 80,399
Concentrix Corp 6,314 262,546
Conmed Corp 513 20,839
Core Scientific Inc 1,722 25,067
Corvel Corp 996 67,373
Coupang Inc 117,204 2,764,840
Cousins Properties Inc 77,275 1,992,141
Covista Inc 6,255 647,238
Crane Co 709 130,764
Crinetics Pharmaceuticals Inc 4,925 229,266
Crocs Inc 884 75,580
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
18
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Csw Industrials Inc 641 188,185
Cto Realty Growth Inc 17,750 326,771
Cubesmart 25,876 932,831
Curtiss-Wright Corp 2,106 1,161,017
Cytokinetics Inc 16,303 1,035,916
Darling Ingredients Inc 17,476 629,127
Deckers Outdoor Corp 618 64,083
Denali Therapeutics Inc 36,768 607,039
Dianthus Therapeutics Inc 575 23,704
Digital Realty Trust Inc 30,887 4,778,457
Digitalbridge Group Inc 39,287 602,658
Disc Medicine Inc 1,619 128,545
Dnow Inc 12,899 170,913
Dorman Products Inc 1,412 173,949
Doubleverify Holdings Inc 26,950 308,303
Douglas Emmett Inc 64,758 711,691
Duolingo Inc 338 59,237
Dutch Bros Inc 2,375 145,379
Dycom Industries Inc 5,572 1,882,869
Dyne Therapeutics Inc 3,496 68,385
Eagle Materials Inc 443 91,639
Element Solutions Inc 13,340 333,379
Elf Beauty Inc 2,030 154,375
Emcor Group Inc 81 49,486
Employers Holdings Inc 5,347 230,812
Encompass Health Corp 2,384 253,005
Enersys 11,883 1,743,758
Enova International Inc 1,446 227,310
Ensign Group Inc/The 2,538 442,203
Entegris Inc 7,258 611,480
Eos Energy Enterprises Inc 1,545 17,704
Epam Systems Inc 1,305 267,407
Eplus Inc 984 86,265
Equinix Inc 9,699 7,431,187
Equitable Holdings Inc 5,040 240,156
Equity Lifestyle Properties Inc 38,379 2,326,172
Equity Residential 21,697 1,367,774
Esab Corp 3,242 362,140
Esco Technologies Inc 622 121,559
Essential Properties Realty Trust 33,624 997,285
Essex Property Trust Inc 10,593 2,771,882
Euronet Worldwide Inc 3,910 297,558
Everpure Inc 638 42,760
Exact Sciences Corp 4,194 425,961
Exlservice Holdings Inc 3,803 161,388
Extra Space Storage Inc 23,438 3,052,060
Federal Agricultural Mortgage 4,054 711,826
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
19
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Federal Realty Investment Trust 14,244 1,435,806
Federal Signal Corp 3,201 347,549
Ferguson Enterprises Inc 11,263 2,507,459
First Advantage Corp 29,498 428,607
First American Financial Corp 8,747 537,407
First Horizon Corp 60,017 1,434,399
First Industrial Realty Trust 22,334 1,279,050
Firstcash Holdings Inc 8,876 1,414,606
Fluence Energy Inc 1,416 28,009
Fluor Corp 1,119 44,364
Fnb Corp/Pa 66,707 1,140,697
Freshworks Inc 6,321 77,435
Frontdoor Inc 16,793 968,770
Fti Consulting Inc 796 135,963
Galaxy Digital Inc 2,477 55,521
Gaming And Leisure Properties 29,905 1,336,465
Gibraltar Industries Inc 4,107 203,065
Gitlab Inc 1,483 55,655
Globus Medical Inc 2,538 221,634
Grail Inc 253 21,624
Grand Canyon Education Inc 4,518 751,344
Granite Construction Inc 6,850 790,204
Graphic Packaging Holding Co 27,961 421,096
Green Brick Partners Inc 5,830 365,302
Griffon Corp 7,643 562,936
Group 1 Automotive Inc 1,850 727,775
Guardant Health Inc 4,096 418,398
Guardian Pharmacy Services Inc 15,738 473,561
Gulfport Energy Corp 7,185 1,494,414
Gxo Logistics Inc 1,813 95,462
H&R Block Inc 2,325 101,314
Haemonetics Corp 5,965 478,072
Halozyme Therapeutics Inc 5,985 402,770
Hamilton Lane Inc 7,596 1,020,280
Hancock Whitney Corp 8,295 528,257
Harmony Biosciences Holdings Inc 6,947 259,970
Healthcare Realty Trust Inc 76,763 1,301,127
Healthequity Inc 2,599 238,130
Healthpeak Properties Inc 48,504 779,949
Heartflow Inc 773 22,531
Helix Energy Solutions Group Inc 82,486 517,184
Heritage Commerce Corp 24,192 290,551
Hexcel Corp 2,220 164,052
Highwoods Properties Inc 60,434 1,560,406
Hims & Hers Health Inc 1,847 59,986
Hni Corp 7,503 315,409
Home Bancshares Inc/Ar 10,885 302,382
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
20
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Hubspot Inc 249 99,785
Huron Consulting Group Inc 13,237 2,288,745
Ideaya Biosciences Inc 669 23,130
Ies Holdings Inc 240 93,235
Immunome Inc 29,617 636,171
Immunovant Inc 650 16,525
Impinj Inc 791 137,625
Independent Bank Corp/Mi 6,591 214,400
Ingevity Corp 9,886 585,070
Ingredion Inc 3,537 390,000
Insmed Inc 13,353 2,324,037
Inspire Medical Systems Inc 393 36,288
Installed Building Products Inc 1,494 387,510
Interdigital Inc 3,439 1,094,981
International Bancshares Corp 1,022 67,874
Interparfums Inc 845 71,667
Inventrust Properties Corp 26,363 743,712
Invitation Homes Inc 39,205 1,089,500
Ionis Pharmaceuticals Inc 1,250 98,908
Ionq Inc 4,747 213,016
Irhythm Holdings Inc 208 36,856
Iron Mountain Inc 15,941 1,322,300
Itron Inc 1,994 185,184
Ivanhoe Electric Inc / Us 3,369 53,842
Janus International Group Inc 39,318 257,143
Janux Therapeutics Inc 767 10,584
Jbt Marel Corp 1,133 170,773
Jefferson Capital Inc 15,958 356,498
Kadant Inc 828 235,954
Karman Holdings Inc 3,345 244,780
Kbr Inc 9,341 375,510
Kimco Realty Corp 71,054 1,440,257
Kinetik Holdings Inc 15,279 550,800
Kirby Corp 1,352 148,977
Knife River Corp 2,302 161,932
Kontoor Brands Inc 6,445 393,728
Korn Ferry 4,362 287,976
Kratos Defense & Security Solutions 7,965 604,619
Krystal Biotech Inc 447 110,297
Kymera Therapeutics Inc 3,561 277,086
Ladder Capital Corp 29,759 327,048
Lamar Advertising Co 11,410 1,444,329
Landstar System Inc 1,759 252,705
Lantheus Holdings Inc 3,280 218,314
Lattice Semiconductor Corp 3,581 263,492
Laureate Education Inc 39,127 1,317,418
Lazard Inc 27,243 1,322,929
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
21
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Lci Industries 2,858 346,794
Lear Corp 2,571 294,686
Legalzoom.Com Inc 43,248 429,452
Lemaitre Vascular Inc 1,262 102,368
Lenz Therapeutics Inc 998 15,962
Leonardo Drs Inc 3,046 103,830
Liberty Live Holdings Inc 1,651 137,273
Life Time Group Holdings Inc 38,646 1,027,220
Lifestance Health Group Inc 56,721 399,318
Lincoln National Corp 30,258 1,347,389
Lindblad Expeditions Holdings 28,560 411,840
Linde Plc 805 342,394
Littelfuse Inc 754 190,690
Liveramp Holdings Inc 14,236 418,118
Louisiana-Pacific Corp 5,546 447,919
Lumexa Imaging Holdings Inc 13,510 249,940
Lyft Inc 23,268 450,695
Macom Technology Solutions Holdings Inc 1,309 224,237
Madrigal Pharmaceuticals Inc 452 263,434
Magnite Inc 48,120 780,991
Manhattan Associates Inc 704 122,014
Marqeta Inc 21,107 100,257
Masterbrand Inc 24,990 275,893
Matador Resources Co 1,602 67,979
Matson Inc 3,323 410,604
Maximus Inc 5,175 446,690
Medpace Holdings Inc 259 145,266
Mercadolibre Inc 2,259 4,549,246
Merit Medical Systems Inc 2,825 249,002
Mid-America Apartment Community 27,937 3,880,672
Mineralys Therapeutics Inc 2,101 76,248
Mirum Pharmaceuticals Inc 1,998 157,840
Mks Inc 1,259 201,228
Modine Manufacturing Co 16,923 2,259,324
Moelis & Co 1,470 101,045
Monolithic Power Systems Inc 170 153,868
Monte Rosa Therapeutics Inc 3,044 47,726
Montrose Environmental Group Inc 26,463 657,083
Moog Inc 494 120,390
Mp Materials Corp 8,434 426,100
Mueller Industries Inc 2,626 301,506
Mueller Water Products Inc 46,735 1,113,231
Murphy Usa Inc 846 341,308
Myr Group Inc 5,692 1,243,724
Natera Inc 7,124 1,632,063
National Bank Holdings Corp 8,588 326,433
Navan Inc 1,832 31,298
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
22
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Ncino Inc 1,151 29,522
Ncr Voyix Corp 23,107 235,691
Netskope Inc 39,545 693,621
Netstreit Corp 41,091 724,853
Neurocrine Biosciences Inc 680 96,452
Newmark Group Inc 48,533 841,556
Newmarket Corp 254 174,322
Nexstar Media Group Inc 677 137,477
Nextpower Inc 5,461 475,744
Nicolet Bankshares Inc 2,861 347,043
Nnn Reit Inc 43,694 1,731,579
Northeast Bank 3,272 340,107
Nurix Therapeutics Inc 2,805 53,213
Nuvalent Inc 2,342 235,557
Oge Energy Corp 5,163 220,453
Okta Inc 1,026 88,682
Old Second Bancorp Inc 11,521 224,660
Ollie's Bargain Outlet Holding 876 95,995
Omega Healthcare Investors Inc 21,399 948,838
Omnicell Inc 6,504 294,630
Onemain Holdings Inc 10,485 708,292
Onto Innovation Inc 941 148,498
Option Care Health Inc 21,033 670,105
Oric Pharmaceuticals Inc 3,697 30,240
Oscar Health Inc 3,191 45,849
Osi Systems Inc 2,268 578,438
Outfront Media Inc 18,077 435,666
Palomar Holdings Inc 1,166 157,182
Park Hotels & Resorts Inc 30,679 320,899
Parsons Corp 11,983 740,572
Patterson-Uti Energy Inc 146,867 897,358
Payoneer Global Inc 40,111 225,426
Pediatrix Medical Group Inc 12,001 256,709
Pegasystems Inc 2,459 146,827
Pennymac Financial Services Inc 3,763 496,085
Pennymac Mortgage Investment Trust 17,991 225,787
Penumbra Inc 811 252,109
Performance Food Group Co 8,588 772,240
Permian Resources Corp 14,615 205,044
Philip Morris International Inc 29,174 4,679,493
Photronics Inc 15,197 486,301
Pinnacle Financial Partners Inc 10,777 1,028,237
Pinterest Inc 4,250 110,035
Planet Fitness Inc 2,117 229,638
Powell Industries Inc 121 38,519
Power Integrations Inc 1,101 39,146
Praxis Precision Medicines Inc 531 156,584
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
23
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Preferred Bank/Los Angeles Ca 5,622 530,904
Prestige Consumer Healthcare Inc 2,062 127,213
Pricesmart Inc 4,465 547,697
Primerica Inc 567 146,545
Primoris Services Corp 8,708 1,081,000
Privia Health Group Inc 43,739 1,037,059
Procept Biorobotics Corp 848 26,673
Procore Technologies Inc 1,178 85,714
Progress Software Corp 1,578 67,783
Prologis Inc 77,939 9,949,675
Protagonist Therapeutics Inc 571 49,889
Ptc Inc 1,379 240,251
Ptc Therapeutics Inc 1,821 138,359
Public Storage 5,899 1,530,765
Pvh Corp 8,688 582,266
Q2 Holdings Inc 2,238 161,486
Qorvo Inc 2,582 218,240
Qualys Inc 679 90,247
Radnet Inc 19,125 1,364,601
Rambus Inc 7,400 679,961
Range Resources Corp 13,344 470,526
Rbc Bearings Inc 139 62,245
Realty Income Corp 30,173 1,700,854
Redwood Trust Inc 39,960 220,976
Regal Rexnord Corp 3,994 560,502
Regency Centers Corp 17,743 1,224,777
Reliance Worldwide Corp Ltd 43,255 111,341
Repligen Corp 694 113,725
Replimune Group Inc 9,418 91,542
Revolution Medicines Inc 1,561 124,320
Rexford Industrial Realty Inc 64,958 2,515,183
Rhythm Pharmaceuticals Inc 1,837 196,681
Rigetti Computing Inc 2,803 62,089
Riot Platforms Inc 32,655 413,735
Rpm International Inc 1,704 177,178
Ryman Hospitality Properties Inc 21,180 2,004,080
Sabra Health Care Reit Inc 48,133 911,643
Saia Inc 628 205,096
Scholar Rock Holding Corp 4,700 207,056
Servicetitan Inc 8,289 882,725
Sezzle Inc 1,705 108,202
Shift4 Payments Inc 1,071 67,410
Shoals Technologies Group Inc 3,818 32,450
Simon Property Group Inc 29,957 5,545,375
Simply Good Foods Co/The 2,573 51,674
Simpson Manufacturing Co Inc 1,095 176,887
Siteone Landscape Supply Inc 1,717 213,822
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
24
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Sitime Corp 5,380 1,899,997
Skyward Specialty Insurance Group 4,395 224,623
Sl Green Realty Corp 9,792 449,168
Smartstop Self Storage Reit Inc 2,255 69,766
Solaris Energy Infrastructure 27,462 1,262,423
Soleno Therapeutics Inc 2,361 109,301
Southwest Gas Holdings Inc 19,373 1,550,236
Sprouts Farmers Market Inc 418 33,335
Sps Commerce Inc 854 76,101
Spx Technologies Inc 8,160 1,632,424
Spyre Therapeutics Inc 1,633 53,488
Stag Industrial Inc 32,091 1,179,654
Stagwell Inc 47,416 231,865
Stepstone Group Inc 2,227 142,901
Sterling Infrastructure Inc 7,231 2,214,338
Steven Madden Ltd 7,070 294,403
Stifel Financial Corp 9,786 1,225,455
Stoke Therapeutics Inc 1,469 46,625
Stonex Group Inc 11,414 1,085,829
Stride Inc 11,458 743,974
Sun Communities Inc 4,102 508,297
Sun Country Airlines Holdings 6,125 88,132
Sunstone Hotel Investors Inc 88,803 793,902
Synaptics Inc 1,021 75,544
Taylor Morrison Home Corp 27,679 1,629,438
Td Synnex Corp 6,331 951,138
Teledyne Technologies Inc 686 350,385
Tenet Healthcare Corp 1,747 347,080
Teradata Corp 1,262 38,423
Tg Therapeutics Inc 2,242 66,831
Tidewater Inc 6,208 313,585
Tko Group Holdings Inc 4,951 1,034,786
Topbuild Corp 275 114,568
Toro Co/The 1,866 146,924
Tpg Inc 1,431 91,356
Transmedics Group Inc 1,256 152,824
Travel + Leisure Co 1,426 100,577
Travere Therapeutics Inc 1,429 54,603
Trex Co Inc 17,875 627,062
Ufp Technologies Inc 770 170,948
Ultragenyx Pharmaceutical Inc 1,819 41,848
Umb Financial Corp 14,053 1,616,714
United Parks & Resorts Inc 961 34,872
Universal Technical Institute 4,085 106,750
Upwork Inc 48,417 959,621
Uranium Energy Corp 26,022 303,936
Urban Outfitters Inc 4,802 361,424
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
25
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Valmont Industries Inc 570 229,406
Valvoline Inc 9,023 262,222
Varonis Systems Inc 28,261 926,953
Vaxcyte Inc 846 39,026
Ventas Inc 67,289 5,206,843
Vera Therapeutics Inc 4,276 216,540
Verra Mobility Corp 2,598 58,230
Vertex Inc 27,969 558,544
Via Transportation Inc 15,778 457,723
Viking Therapeutics Inc 10,186 358,339
Viper Energy Inc 17,205 664,634
Viridian Therapeutics Inc 3,409 106,096
Visteon Corp 9,881 939,710
Vital Farms Inc 28,508 910,559
Vontier Corp 6,418 238,625
Voya Financial Inc 10,148 755,918
Vse Corp 151 26,052
Warrior Met Coal Inc 2,686 236,849
Watts Water Technologies Inc 1,463 403,809
Waystar Holding Corp 5,245 171,765
Webster Financial Corp 21,111 1,328,707
Welltower Inc 30,592 5,678,135
Wesco International Inc 5,792 1,416,945
Wex Inc 1,689 251,576
Wingstop Inc 683 162,901
Wintrust Financial Corp 11,823 1,653,035
Woodward Inc 601 181,744
Workiva Inc 1,905 164,337
World Kinect Corp 18,245 427,473
Wsfs Financial Corp 5,082 280,727
Wyndham Hotels & Resorts Inc 3,085 233,081
Xencor Inc 3,391 51,919
Total U.S. equities $ 1,360,581,565
Non-U.S. equities:
3I Group Plc 108,287 $ 4,752,619
77 Bank Ltd/The 3,496 168,172
A&D Holon Holdings Co Ltd 1,798 23,408
A2 Milk Co Ltd/The 50,458 309,899
A2A Spa 154,445 419,006
Aalberts Nv 4,811 158,544
Ab Dynamics Plc 1,295 22,476
Abb Ltd 16,076 1,201,670
Abc-Mart Inc 16,379 277,595
Abhotel Co Ltd 1,398 13,871
Abivax Sa 4,793 646,407
Abu Dhabi Islamic Bank Pjsc 57,380 324,326
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
26
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Ac Immune Sa 2,578 8,094
Academedia Ab 55,822 598,868
Accelleron Industries Ag 4,846 376,477
Accton Technology Corp 10,963 413,447
Achilles Corp 1,598 14,742
Adesso Se 860 89,580
Ad-Sol Nissin Corp 4,594 47,658
Advanced Media Inc 2,297 15,783
Adways Inc 7,990 13,457
Adyen Nv 1,834 2,961,603
Aedas Homes Sa 5,362 150,514
Aeon Financial Service Co Ltd 20,474 226,627
Aeris Resources Ltd 200,917 80,389
Afentra Plc 70,108 39,040
Agfa-Gevaert Nv 25,801 15,272
Ags Corp 1,198 10,078
Aia Group Ltd 462,875 4,751,555
Aib Group Plc 195,169 2,108,790
Aichi Financial Group Inc 3,895 114,309
Aiful Corp 153,806 548,517
Air France-Klm 7,310 99,285
Air Liquide Sa 17,694 3,330,264
Airtac International Group 5,992 177,367
Airtel Africa Plc 29,767 142,217
Airtrip Corp 7,291 35,304
Aj Bell Plc 61,630 365,735
Aker Solutions Asa 148,805 456,143
Akwel Sadir 1,060 10,205
Al Sydbank 443 39,745
Alamos Gold Inc New 1,205 46,604
Alandsbanken Abp 333 17,616
Aldar Properties Pjsc 150,133 355,620
Alfa Financial Software Holdin 92,408 263,503
Algonquin Power & Utilities Co 150,791 927,363
Alibaba Group Holding Ltd 249,856 4,583,979
Alimak Group Ab 1,800 28,346
Alk-Abello A/S 3,115 111,973
Alkane Resources Ltd 296,805 266,208
Alkermes Plc 6,157 172,286
Allianz Se 3,386 1,552,826
Alligo Ab 38 528
Allreal Holding Ag 518 133,471
Allwyn Ag 8,350 187,297
Alphamin Resources Corp 185,036 160,637
Alphapolis Co Ltd 1,298 13,576
Alps Alpine Co Ltd 4,794 60,970
Als Ltd 28,989 426,068
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
27
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Alsok Co Ltd 6,192 48,650
Alvotech Sa 11,360 58,234
Alzchem Group Ag 498 90,723
Amadeus It Group Sa 37,937 2,799,845
Amano Corp 6,791 182,497
Amaze Co Ltd 1,099 9,161
Ambea Ab 61,770 946,771
Amcor Plc 114,202 955,751
Amplifon Spa 26,455 427,207
Ampol Ltd 10,744 228,776
Ams-Osram Ag 9,397 93,111
Analyst Ims Investment Managem 2,767 156,940
And St Hd Co Ltd 2,996 54,956
Anest Iwata Corp 2,996 31,234
Anglo American Plc 34,162 1,417,564
Anritsu Corp 18,776 268,866
Antofagasta Plc 8,740 385,479
Aon Plc 11,618 4,099,664
Apollo Hospitals Enterprise Lt 2,285 179,057
Arad Ltd 1,627 26,208
Arakawa Chemical Industries Lt 1,698 13,215
Arca Continental Sab De Cv 103,858 1,123,522
Arch Capital Group Ltd 32,249 3,093,302
Archosaur Games Inc 493,377 102,054
Argo Graphics Inc 7,191 74,366
Aris Mining Corp 14,182 230,307
Aritzia Inc 3,237 277,112
Arjo Ab 2,948 10,240
Arla Plast Ab 2,556 13,584
Aroa Biosurgery Ltd 62,551 30,867
Aroundtown Sa 25,642 79,744
Ascendis Pharma A/S 470 100,297
Aselsan Elektronik Sanayi Ve T 75,571 407,547
Asia Commercial Bank Jsc 348,135 317,691
Asia Vital Components Co Ltd 9,966 478,945
Asker Healthcare Group Ab 33,228 304,209
Asm International Nv 3,709 2,254,552
Asml Holding Nv 4,655 4,979,842
Aspeed Technology Inc 2,990 690,822
Assured Guaranty Ltd 8,971 806,183
Astral Ltd 23,752 366,932
Astrazeneca Plc 16,710 3,099,403
Atkinsrealis Group Inc 6,308 407,727
Atrenew Inc 30,994 164,267
Atria Oyj 1,826 32,806
Ats Corporation 6,119 168,790
Attendo Ab 18,924 168,122
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
28
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Aucnet Inc 6,192 81,814
Auction Technology Group Plc 73,528 275,928
Audiocodes Ltd 2,521 22,007
Aurelia Metals Ltd 430,549 71,778
Aurubis Ag 529 77,212
Avant Group Corp 8,389 93,665
Avanza Bank Holding Ab 1,975 75,628
Awa Bank Ltd/The 6,891 192,786
Axalta Coating Systems Ltd 4,172 134,804
Axial Retailing Inc 2,397 17,632
Axis Capital Holdings Ltd 5,856 627,105
Axyz Co Ltd 499 13,205
Azkoyen Sa 1,501 15,338
Badger Infrastructure 10,592 565,066
Bae Systems Plc 231,418 5,335,140
Baioo Family Interactive Ltd 257,674 13,242
Bajaj Finance Ltd 80,854 887,712
Balfour Beatty Plc 7,550 72,207
Banca Ifis Spa 1,520 45,310
Banco Btg Pactual Sa 90,192 865,426
Banco Santander Chile 3,175,884 250,457
Banco Santander Sa 173,751 2,054,899
Bandai Namco Holdings Inc 25,117 668,533
Bang & Olufsen A/S 3,069 6,563
Bank Central Asia Tbk Pt 1,113,503 539,222
Bank Hapoalim Bm 77,838 1,759,656
Bank Mandiri Persero Tbk Pt 2,949,570 902,117
Bank Of Ireland Group Plc 40,647 781,710
Bank Of Iwate Ltd/The 5,992 198,798
Bankinter Sa 90,611 1,506,340
Basler Ag 1,396 25,089
Bastide Le Confort Medical 530 14,948
Bavarian Nordic A/S 308 9,231
Bawag Group Ag 21,215 3,214,187
Bdo Unibank Inc 136,144 311,477
Beach Energy Ltd 32,259 25,277
Bechtle Ag 4,925 252,641
Beiersdorf Ag 26,983 2,968,749
Beijer Ref Ab 14,139 228,679
Beijing Huafeng Test & Control 6,579 179,055
Bell-Park Co Ltd 1,898 32,130
Bendigo & Adelaide Bank Ltd 41,335 289,974
Beneteau Saca 23,357 227,824
Best Pacific International Hol 187,763 78,642
Bezeq The Israeli Telecommunic 64,814 144,368
Bharat Electronics Ltd 107,461 477,765
Bharti Airtel Ltd 104,101 2,438,761
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
29
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Bicycle Therapeutics Plc 26,463 187,360
Big Yellow Group Plc 30,241 425,464
Biohaven Ltd 3,710 41,884
Biprogy Inc 10,686 369,113
Birkenstock Holding Plc 3,320 135,804
Bizlink Holding Inc 11,040 534,068
Blue Star Ltd 11,495 221,355
Bnp Paribas Sa 27,920 2,649,159
Bonduelle Sca 4,723 58,243
Bosideng International Holding 287,637 164,818
Bossard Holding Ag 793 156,748
Boyd Group Inc 3,096 493,146
Bravida Holding Ab 12,259 119,343
Bravura Solutions Ltd 190,480 326,446
Bridgepoint Group Plc 74,400 284,003
British American Tobacco Plc 40,971 2,322,255
Brother Industries Ltd 13,483 268,550
Bucher Industries Ag 472 219,729
Bukit Sembawang Estates Ltd 2,697 10,023
Bunka Shutter Co Ltd 10,786 140,864
Bureau Veritas Sa 66,543 2,124,149
Burelle Sa 32 15,615
Business Brain Showa-Ota Inc 599 13,610
Business Engineering Corp 3,995 43,455
C&D International Investment G 63,919 128,520
Cairn Homes Plc 12,534 30,619
Caisse Regionale De Credit Agr 121 18,025
Caltagirone Spa 2,685 29,322
Camurus Ab 4,108 274,484
Canadian National Railway Co 11,994 1,185,655
Canadian Natural Resources Ltd 56,833 1,927,526
Canadian Pacific Kansas City L 41,090 3,025,431
Canon Marketing Japan Inc 2,197 96,457
Canox Corp 999 12,845
Capgemini Se 20,980 3,505,016
Capital Ltd 9,702 14,876
Capitec Bank Holdings Ltd 4,206 1,054,790
Capral Ltd 2,451 19,613
Capricorn Metals Ltd 20,836 199,800
Capstone Copper Corp 30,685 308,475
Carel Industries Spa 14,717 424,343
Carlsberg As 12,431 1,632,558
Carmila Sa 10,113 201,917
Carnival Plc 6,328 191,928
Carpenter Tan Holdings Ltd 51,435 52,337
Cegedim Sa 2,080 33,107
Cellavision Ab 1,406 23,979
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
30
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Cellebrite Di Ltd 4,396 79,268
Centessa Pharmaceuticals Plc 2,297 57,443
Central Automotive Products Lt 3,196 38,414
Central Depository Services In 9,936 159,589
Central Glass Co Ltd 9,987 222,055
Central Security Patrols Co Lt 2,397 46,565
Centurion Corp Ltd 13,583 14,153
Check Point Software Technolog 10,256 1,903,143
China Jushi Co Ltd 122,745 300,357
China Leon Inspection Holding 373,528 105,097
China Merchants Commercial Rea 192,756 30,708
China Resources Mixc Lifestyle 64,918 358,139
China Xinhua Education Group L 561,291 40,383
China Yuchai International Ltd 536 19,039
Chroma Ate Inc 11,959 294,979
Chuo Gyorui Co Ltd 499 11,597
Cia De Saneamento Basico Do Es 9,851 239,797
Cicor Technologies Ltd 1,026 164,423
Cie Automotive Sa 2,484 86,786
Cie De Saint-Gobain Sa 26,986 2,756,095
Cie Financiere Richemont Sa 18,992 4,124,517
Cie Generale Des Etablissement 24,064 800,087
Citizen Watch Co Ltd 6,492 52,847
Ckd Corp 12,984 253,468
Clas Ohlson Ab 9,089 299,112
Cmoc Group Ltd 104,643 258,667
Cnooc Energy Technology & Serv 170,485 93,682
Cochlear Ltd 1,195 207,801
Codan Ltd 1,189 22,532
Cognyte Software Ltd 35,293 331,758
Cogstate Ltd 15,852 23,890
Colonial Sfl Socimi Sa 18,717 120,135
Colopl Inc 8,290 22,688
Columbus A/S 6,401 9,602
Compass Group Plc 139,838 4,446,438
Construcciones Y Auxiliar De F 261 18,032
Contemporary Amperex Technolog 45,348 2,383,274
Core Corp 2,996 39,568
Cosmo Energy Holdings Co Ltd 4,195 111,728
Costain Group Plc 236,229 507,114
Cover Corp 28,464 274,026
Craftsman Automation Ltd 737 63,059
Credicorp Ltd 1,912 548,881
Creditaccess Grameen Ltd 15,281 216,529
Credito Emiliano Spa 4,981 89,382
Credo Technology Group Holding 15,752 2,266,575
Croda International Plc 50,766 1,840,210
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
31
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Cross Marketing Group Inc 2,597 10,387
Cts Co Ltd 11,585 77,460
Cummins India Ltd 4,361 215,166
Curves Holdings Co Ltd 11,485 58,693
Cury Construtora E Incorporado 25,214 148,300
Custodian Property Income Reit 25,437 29,595
Cyberagent Inc 45,043 384,495
Cyberark Software Ltd 106 47,217
Dah Sing Banking Group Ltd 67,914 93,100
Dah Sing Financial Holdings Lt 4,394 19,964
Daicel Corp 30,961 276,336
Daiei Kankyo Co Ltd 9,089 225,263
Dai-Ichi Cutter Kogyo Kk 3,995 35,733
Daikin Industries Ltd 11,263 1,442,847
Dainichi Co Ltd 3,895 23,756
Daitron Co Ltd 2,397 37,114
Daiwa House Reit Investment Co 64 58,396
Daiwa Industries Ltd 2,497 25,328
Daiwabo Holdings Co Ltd 11,885 233,613
Danieli & C Officine Meccanich 3,765 223,758
Dassault Systemes Se 19,908 557,414
Db Insurance Co Ltd 2,414 219,686
Dbs Group Holdings Ltd 36,460 1,597,885
De' Longhi Spa 6,303 270,195
Definity Financial Corp 6,587 364,856
Delek Group Ltd 340 90,659
Delta Electronics Inc 33,884 1,038,517
Denso Corp 101,167 1,392,822
Descartes Sys Group Inc 5,611 492,876
Descartes Systems Group Inc/Th 2,845 249,397
Deutsche Boerse Ag 17,182 4,514,237
Deutz Ag 15,129 151,029
Dfs Furniture Plc 12,978 30,373
Dgl Group Ltd/Au 45,285 7,550
Diploma Plc 2,894 206,136
Direcional Engenharia Sa 53,019 136,618
Dixon Technologies India Ltd 1,670 224,846
Dksh Holding Ag 5,360 388,358
Dongguan Yiheda Automation Co 28,364 107,642
Dorel Industries Inc 1,806 1,963
Dormakaba Holding Ag 260 21,108
Double Standard Inc 2,497 27,637
Doutor Nichires Holdings Co Lt 2,597 43,040
Dpm Metals Inc 25,264 781,458
Dunelm Group Plc 4,547 69,114
Dynacor Group Inc 10,786 46,191
Dynapac Co Ltd 1,099 16,191
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
32
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
E Ink Holdings Inc 51,934 327,271
Ebara Corp 41,862 983,891
Ebara Foods Industry Inc 599 9,600
Edenred Se 29,742 660,536
Edianyun Ltd 52,933 14,665
Ehime Bank Ltd/The 2,597 24,684
Eicher Motors Ltd 4,291 349,141
Eiken Chemical Co Ltd 903 13,864
Einhell Germany Ag 333 32,888
El Al Israel Airlines 36,613 187,940
Elecnor Sa 2,123 60,972
Elecom Co Ltd 5,992 65,833
Electric Connector Technology 24,769 172,541
Electricite De Strasbourg Sa 98 21,266
Elite Material Co Ltd 19,949 1,044,423
Elmera Group Asa 5,438 20,703
Elmos Semiconductor Se 360 40,960
Emaar Properties Pjsc 93,845 358,987
Emak Spa 63,378 68,703
Embraer Sa 17,939 290,046
Emerald Resources Nl 88,171 371,594
Emirates Nbd Bank Pjsc 44,636 338,454
Enav Spa 34,909 193,268
Endava Plc 1,564 9,885
Enea Ab 16,157 123,206
Energy Fuels Inc/Canada 909 13,213
Engie Sa 194,238 5,112,236
Eni Spa 73,543 1,394,048
Eoptolink Technology Inc Ltd 4,385 270,376
Equinox Gold Corp 8,889 125,088
Ermenegildo Zegna Nv 31,892 326,890
Ero Copper Corp 18,357 520,003
Essent Group Ltd 21,237 1,380,586
Essilorluxottica Sa 373 118,163
E-Star Commercial Management C 186,764 32,873
Eternal Ltd 156,315 483,574
Euroapi Sa 10,119 26,978
Eurobank Sa 215,884 868,391
Eurofins Scientific Se 6,058 443,990
Evertec Inc 10,257 298,369
Evertz Technologies Ltd 5,992 60,504
Exchange Income Corp 8,667 518,221
Exosens Sas 4,856 276,309
Experian Plc 87,530 3,959,320
Fabasoft Ag 1,107 20,664
Fabrinet 4,320 1,967,019
Falabella Sa 40,845 284,689
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
33
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Far East Consortium Internatio 90,885 8,407
Far East Orchard Ltd 34,456 33,224
Fdm Group Holdings Plc 3,791 6,833
Fenix Resources Ltd 126,063 40,771
Ferrari Nv 5,110 1,912,721
Fibergate Inc/Japan 3,595 15,575
Fiducian Group Ltd 11,128 88,900
Fielmann Group Ag 1,981 101,297
Finecobank Banca Fineco Spa 16,298 424,945
Firm Capital Ppty Tr 4,594 20,344
First Bancorp/Puerto Rico 13,317 276,051
First International Bank Of Is 4,770 374,911
First Resources Ltd 80,398 130,663
Fisher & Paykel Healthcare Cor 11,118 241,350
Fiverr International Ltd 5,338 105,484
Flatexdegiro Se 16,504 712,142
Flsmidth & Co A/S 4,917 344,042
Flughafen Zurich Ag 227 72,056
Fluidra Sa 10,754 292,523
Fomento Economico Mexicano Sab 134,955 1,366,330
Forfarmers Nv 6,888 35,839
Forterra Plc 40,867 101,912
Fortuna Mining Corp 4,594 45,079
Forvia Se 16,025 256,332
Foxtons Group Plc 25,926 20,749
Frasers Centrepoint Trust 111,559 202,125
Frasers Property Ltd 24,269 21,325
Ftai Aviation Ltd 590 116,177
Ftgroup Co Ltd 4,794 39,301
Fuchs Se 10,762 379,197
Fuji Corp/Aichi 6,092 141,517
Fuji Pharma Co Ltd 3,296 39,698
Fuji Seal International Inc 1,099 21,973
Fujifilm Holdings Corp 52,926 1,129,117
Fujii Sangyo Corp 699 19,290
Fukuda Denshi Co Ltd 1,298 62,621
Fukuoka Financial Group Inc 5,593 180,799
Fukuyama Transporting Co Ltd 999 28,163
Fullcast Holdings Co Ltd 4,295 45,701
Fuller Smith & Turner Plc 4,980 48,225
Fumakilla Ltd 3,396 25,238
Furuno Electric Co Ltd 499 25,423
Furyu Corp 21,073 143,586
Fuso Chemical Co Ltd 5,493 223,234
Fuso Pharmaceutical Industries 899 13,276
Future Corp 19,975 252,703
G Mining Ventures Corp 8,489 256,954
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
34
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
G5 Entertainment Ab 7,741 76,918
Galaxy Entertainment Group Ltd 271,107 1,334,723
Galilei Co Ltd 1,099 26,634
Galp Energia Sgps Sa 46,360 796,572
Garda Property Group 14,006 10,975
Ge Vernova T&D India Ltd 10,597 369,325
Gecoss Corp 4,069 37,666
Generalfinance Spa 1,149 28,597
Genesis Minerals Ltd 11,354 54,891
Genpact Ltd 3,868 180,928
Genuit Group Plc 47,981 211,037
Genus Plc 12,577 438,992
Genusplus Group Ltd 5,742 24,084
Geolive Group Corp 1,099 10,219
Georg Fischer Ag 3,596 243,320
Gildan Activewear Inc 17,932 1,122,291
Gl Events Saca 1,543 54,095
Global Ship Lease Inc 3,122 109,397
Globant Sa 13,912 909,439
Globeride Inc 3,595 49,868
Glory Ltd 7,990 201,908
Gmo Globalsign Holdings Kk 1,898 28,510
Gold Circuit Electronics Ltd 15,946 348,646
Gpt Group/The 120,873 436,875
Grab Holdings Ltd 85,162 424,956
Grupo Aeroportuario Del Surest 653 211,237
Grupo Empresarial San Jose Sa 4,221 37,276
Grupo Financiero Banorte Sab D 189,273 1,756,348
Gvs Spa 25,347 115,652
H World Group Ltd 75,604 358,425
Hachijuni Nagano Bank Ltd 4,295 46,509
Hakuhodo Dy Holdings Inc 54,531 405,822
Hallenstein Glasson Holdings L 8,021 45,386
Hangzhou Tigermed Consulting C 22,272 121,725
Hansoh Pharmaceutical Group Co 47,837 221,745
Hanwa Co Ltd 12,584 575,635
Hanwha Aerospace Co Ltd 897 585,902
Harel Insurance Investments & 5,743 223,973
Hbx Group International Plc 17,840 157,145
Hd Hyundai Electric Co Ltd 1,029 553,139
Hd Hyundai Heavy Industries Co 1,922 679,271
Hd Hyundai Marine Solution Co 3,148 422,839
Hdfc Asset Management Co Ltd 9,933 295,321
Hdfc Bank Ltd 159,148 1,755,106
Heidelberger Druckmaschinen Ag 13,538 32,276
Helios Towers Plc 168,223 372,439
Hemisphere Energy Corp 30,961 44,496
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
35
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Hera Spa 115,738 546,431
Hexagon Ab 216,483 2,571,362
Hexaware Technologies Ltd 28,961 246,679
Hiab Oyj 1,548 90,032
Hikari Tsushin Inc 699 195,134
Hill & Smith Plc 4,850 139,599
Hindustan Aeronautics Ltd 6,682 326,284
Hipages Group Holdings Ltd 14,192 11,735
Hisamitsu Pharmaceutical Co In 1,598 44,775
Hitachi Energy India Ltd 1,101 224,343
Hitachi Ltd 107,944 3,375,824
Hk Ai Capital Ltd 1,106,602 28,435
Hkfoods Oyj 11,645 20,242
Hms Networks Ab 3,692 167,819
Ho Bee Land Ltd 11,086 19,051
Hoa Phat Group Jsc 522,783 524,774
Hodogaya Chemical Co Ltd 999 14,273
Hoist Finance Ab 7,734 94,635
Hon Precision Inc 2,736 298,203
Hong Kong Exchanges & Clearing 16,643 871,560
Hong Kong Technology Venture C 190,759 34,311
Hong Leong Asia Ltd 10,287 19,198
Hongcheng Environmental Techno 134,830 18,882
Hongfa Technology Co Ltd 83,455 363,046
Horiba Ltd 5,193 528,803
Howden Joinery Group Plc 151,210 1,693,179
Hoya Corp 5,083 768,107
Hub24 Ltd 4,188 268,785
Hudbay Minerals Inc 19,675 391,134
Hunting Plc 6,663 33,202
Husqvarna Ab 17,962 90,622
Hyakujushi Bank Ltd/The 1,298 55,166
Hyosung Heavy Industries Corp 339 418,925
Hypoport Se 907 136,753
Hyundai Marine & Fire Insuranc 8,137 173,969
Hyundai Rotem Co Ltd 2,629 342,921
Ibersol Sgps Sa 2,887 33,571
Icg Plc 14,805 409,031
Ichikoh Industries Ltd 3,995 13,100
Icici Bank Ltd 195,620 4,779,649
Icon Plc 5,978 1,089,367
Idp Education Ltd 33,587 129,456
Ifast Corp Ltd 25,368 187,794
I'Ll Inc 2,697 43,783
Imax Corp 2,348 86,773
Imcd Nv 18,143 1,647,941
Imi Plc 55,716 1,864,543
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
36
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Immobel Sa 495 13,672
Immobiliare Grande Distribuzio 7,370 30,034
Immunocore Holdings Plc 14,480 502,597
Impax Asset Management Group P 38,277 78,256
Implenia Ag 508 49,087
Indian Hotels Co Ltd/The 21,970 180,604
Indivior Plc 8,250 295,995
Inficon Holding Ag 879 109,605
Info Edge India Ltd 15,375 228,123
Infotel Sa 303 15,034
Ing Groep Nv 92,749 2,615,400
Init Innovation In Traffic Sys 531 29,142
Inmode Ltd 10,813 158,848
Intact Financial Corp 4,078 849,961
International Cement Group Ltd 379,820 12,109
International Container Termin 42,874 413,198
International Personal Finance 2,866 9,022
Interpump Group Spa 7,734 424,924
Intesa Sanpaolo Spa 331,487 2,305,134
Investec Plc 36,594 271,451
Ionos Group Se 6,009 188,795
Ipsos Sa 5,966 240,070
Iqiyi Inc 97,528 187,253
Iren Spa 49,534 148,697
Iriso Electronics Co Ltd 1,598 32,776
Isb Corp 4,994 55,211
Isracard Ltd 11,049 54,082
Israel Corp Ltd 78 22,487
Iss A/S 5,708 194,939
Isupetasys Co Ltd 3,093 255,971
Itau Unibanco Holding Sa 330,465 2,365,935
Ituran Location And Control Lt 2,107 90,637
Iveco Group Nv 22,196 489,427
Ivf Hartmann Holding Ag 13 2,344
Jacobson Pharma Corp Ltd 105,866 17,682
Jamieson Wellness Inc 9,636 236,546
Japan Aviation Electronics Ind 5,193 83,363
Japan Lifeline Co Ltd 2,597 26,109
Japan Material Co Ltd 2,796 27,600
Japan Medical Dynamic Marketin 3,695 11,481
Jb Hi-Fi Ltd 1,386 88,948
Jbcc Holdings Inc 2,796 28,492
Jd Health International Inc 43,352 309,121
Jd Sports Fashion Plc 473,634 538,062
Jentech Precision Industrial C 2,990 261,199
Jeol Ltd 3,595 115,402
Jet2 Plc 18,591 351,072
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
37
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Jfe Systems Inc 999 15,299
Jfrog Ltd 22,942 1,432,967
Jgc Holdings Corp 2,996 36,328
Jiangsu Hengrui Pharmaceutical 29,300 268,212
Jiangsu Zhongtian Technology C 86,690 224,785
Johnson Electric Holdings Ltd 20,973 80,084
Johnson Matthey Plc 7,562 216,864
Johnson Service Group Plc 39,065 70,934
Joshin Corp 2,397 41,488
Journey Energy Inc 19,987 46,367
Js Global Lifestyle Co Ltd 513,851 127,415
Jtekt Corp 7,291 80,701
Jumbo Interactive Ltd 6,576 50,471
Jumbo Sa 4,543 148,845
Justsystems Corp 4,295 138,636
Jutal Offshore Oil Services Lt 261,669 17,145
Jyp Entertainment Corp 5,409 272,608
Jyske Bank A/S 3,522 483,136
Kaga Electronics Co Ltd 699 17,283
Kakaku.Com Inc 15,680 231,284
Kakao Corp 5,811 242,443
Kalmar Oyj 629 29,958
Kamakura Shinsho Ltd 9,388 37,674
Kambi Group Plc 1,273 18,786
Kamei Corp 4,295 82,743
Kamigumi Co Ltd 6,692 216,015
Kanaden Corp 3,895 53,278
Kanzhun Ltd 13,367 272,422
Kardex Holding Ag 362 126,181
Karooooo Ltd 390 17,723
Kaufman & Broad Sa 1,579 55,448
Kb Financial Group Inc 13,055 1,130,094
Kbc Ancora 2,127 183,134
Kbc Group Nv 13,249 1,731,128
Kei Industries Ltd 3,059 151,807
Keiyo Bank Ltd/The 4,894 51,953
Kendrion Nv 1,713 28,163
Kenko Mayonnaise Co Ltd 8,789 105,807
Keystone Infra Ltd 31,019 96,158
Kier Group Plc 38,387 114,625
Killam Apt Real Estate Invt Tr 23,071 276,025
Kimura Unity Co Ltd 1,997 11,367
Kinaxis Inc 2,524 318,673
King Slide Works Co Ltd 2,990 356,830
King Yuan Electronics Co Ltd 57,927 456,291
Kingboard Laminates Holdings L 86,391 146,399
Kion Group Ag 3,804 304,930
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
38
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Kitz Corp 16,879 187,260
Klabin Sa 96,628 330,807
Klingelnberg Ag 927 12,927
Koenig & Bauer Ag 1,601 20,119
Koh Brothers Group Ltd 88,988 20,067
Koike Sanso Kogyo Co Ltd 4,994 51,038
Komercni Banka As 4,432 250,217
Komeri Co Ltd 5,094 111,136
Kone Oyj 24,676 1,755,053
Konecranes Oyj 5,000 551,369
Konica Minolta Inc 135,029 585,878
Koninklijke Bam Groep Nv 43,883 479,302
Konoike Transport Co Ltd 3,096 64,788
Kose Holdings Corp 10,466 349,863
Kozo Keikaku Engineering Holdi 1,099 21,482
Krones Ag 959 152,917
K'S Holdings Corp 23,271 240,285
Kurashicom Inc 899 13,407
Kuriyama Holdings Corp 10,686 113,038
Kyorin Pharmaceutical Co Ltd 2,497 24,483
Kyoritsu Maintenance Co Ltd 7,890 141,069
Laboratorios Farmaceuticos Rov 6,737 502,465
Lagardere Sa 2,071 46,076
Lastminute.Com Nv 538 8,833
Latam Airlines Group Sa 5,088 274,784
Lb Group Co Ltd 51,435 144,115
Lectra 7,222 216,284
Legrand Sa 18,641 2,785,814
Lenskart Solutions Ltd 28,259 141,706
Lh Group Ltd 109,861 5,011
Li Ning Co Ltd 732,088 1,756,034
Life Corp 3,595 58,630
Lifull Co Ltd 33,458 37,995
Linde Plc 4,937 2,104,976
Linea Directa Aseguradora Sa C 68,035 89,332
Linmon Media Ltd 39,151 18,509
Lion Rock Group Ltd 91,884 16,291
Localiza Rent A Car Sa 29,214 231,878
Logista Integral Sa 6,312 223,284
Loncin Motor Co Ltd 116,653 268,923
London Stock Exchange Group Pl 11,874 1,429,721
Look Holdings Inc 2,896 46,417
Lotes Co Ltd 24,924 1,027,245
Lottomatica Group Spa 47,724 1,255,502
Louis Hachette Group 31,978 58,700
Luceco Plc 21,986 38,977
Luk Fook Holdings Internationa 3,995 12,062
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
39
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Lvmh Moet Hennessy Louis Vuitt 3,045 2,306,626
Ly Corp 381,543 1,015,534
M&A Capital Partners Co Ltd 1,598 34,356
M1 Kliniken Ag 1,222 27,279
Macmahon Holdings Ltd 130,396 57,825
Maeda Kosen Co Ltd 11,985 151,240
Magnum Ice Cream Co Nv/The 8,653 137,054
Mahindra & Mahindra Ltd 13,002 536,561
Maire Spa 12,278 188,187
Mandatum Oyj 25,241 204,072
Marex Group Plc 6,382 244,819
Marklines Co Ltd 3,196 30,727
Marks & Spencer Group Plc 288,075 1,278,669
Mars Group Holdings Corp 2,297 46,896
Martinrea International Inc 2,796 21,135
Maruzen Chi Holdings Co Ltd 5,593 12,025
Matrix It Ltd 3,215 140,819
Matsukiyococokara & Co 41,563 719,124
Max Healthcare Institute Ltd 14,722 171,182
Maxell Ltd 7,491 114,691
Mayr Melnhof Karton Ag 373 40,645
Mazda Motor Corp 17,278 134,372
Mcbride Plc 41,753 82,331
Mcj Co Ltd 5,493 56,492
Media Do Co Ltd 3,196 36,783
Medical System Network Co Ltd 3,396 11,287
Medipal Holdings Corp 1,698 30,005
Medistim Asa 707 18,156
Medtronic Plc 19,882 1,909,818
Meidensha Corp 899 31,942
Meiji Electric Industries Co L 1,598 24,141
Meitec Group Holdings Inc 1,798 40,670
Melco Resorts & Entertainment 2,494 18,878
Menicon Co Ltd 4,794 48,843
Merck Kgaa 31,910 4,594,627
Merlin Properties Socimi Sa 16,045 234,228
Metawater Co Ltd 3,496 75,043
Methanex Corp 10,540 418,663
Metro Brands Ltd 13,350 179,295
Mfe-Mediaforeurope Nv 3,044 14,694
Mgx Resources Ltd 516,556 156,732
Mikron Holding Ag 2,644 68,073
Mildef Group Ab 8,158 106,011
Military Commercial Joint Stoc 210,886 202,869
Mineral Resources Ltd 2,513 91,123
Miniso Group Holding Ltd 31,560 147,593
Minsheng Education Group Co Lt 227,712 5,149
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
40
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Mips Ab 6,734 258,165
Misumi Group Inc 2,896 45,216
Mitani Sangyo Co Ltd 24,569 88,718
Mitie Group Plc 59,920 134,111
Mito Securities Co Ltd 11,086 39,182
Mitsuba Corp 5,693 37,990
Mitsubishi Electric Corp 81,033 2,370,325
Mitsubishi Heavy Industries Lt 162,365 3,977,685
Mitsui E&S Co Ltd 400 14,171
Miura Co Ltd 19,675 381,465
Mizuho Financial Group Inc 42,958 1,562,177
Mizuno Corp 2,996 59,162
Modec Inc 1,298 98,571
Monday.Com Ltd 9,567 1,411,709
Montana Aerospace Ag 27,859 995,145
More Provident Funds And Pensi 3,503 16,375
Morguard Corp 400 33,574
Moriroku Co Ltd 6,791 108,103
Morita Holdings Corp 999 17,561
Mota-Engil Sgps Sa 35,192 204,504
Motorcycle Holdings Ltd 8,830 18,253
Moury Construct Sa 26 17,200
Mpi Corp 3,995 286,076
Mt Hoejgaard Holding A/S 826 67,535
Mtu Aero Engines Ag 1,913 798,135
Multiplan Empreendimentos Imob 34,473 171,431
Multitude Ag 3,611 24,855
Munters Group Ab 9,222 171,966
Musashino Bank Ltd/The 4,095 126,963
Mycronic Ab 2,727 66,028
Nabaltec Ag 91 1,308
Nac Kazatomprom Jsc 2,855 157,895
Nachi-Fujikoshi Corp 4,994 138,585
Nagacorp Ltd 79,899 47,836
Nakamoto Packs Co Ltd 999 12,323
Nakanishi Inc 17,678 223,417
Nan Ya Printed Circuit Board C 12,984 99,586
Nanosonics Ltd 21,814 57,751
Naspers Ltd 22,386 1,492,166
Natwest Group Plc 300,081 2,630,816
Ncc Ab 1,466 35,020
Nederman Holding Ab 930 17,106
Neinor Homes Sa 7,861 175,416
Nestle Sa 18,664 1,854,927
Netease Inc 84,119 2,319,252
Netwealth Group Ltd 8,333 142,653
New Hope Service Holdings Ltd 131,833 32,859
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
41
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Neway Valve Suzhou Co Ltd 30,994 230,501
Nexans Sa 653 96,504
Nexity Sa 24,028 253,268
Next 15 Group Plc 6,395 27,568
Nextage Co Ltd 26,467 466,873
Nicca Chemical Co Ltd 9,688 95,984
Nichia Steel Works Ltd 11,785 27,218
Nifco Inc/Japan 4,095 126,545
Nihon M&A Center Holdings Inc 27,365 125,841
Nintendo Co Ltd 41,363 2,795,868
Nippon Information Development 1,298 18,861
Nippon Reit Investment Corp 54 33,994
Nippon Sanso Holdings Corp 22,725 676,774
Nippon Seiki Co Ltd 27,066 377,293
Nippon Shinyaku Co Ltd 16,679 601,205
Nippon Soda Co Ltd 15,181 350,598
Nisshinbo Holdings Inc 48,239 403,467
Niterra Co Ltd 9,089 399,560
Nitori Holdings Co Ltd 43,258 756,858
Nitto Kogyo Corp 5,493 144,208
Nittoc Construction Co Ltd 3,795 31,404
Nkt A/S 1,795 225,343
Noba Bank Group Ab 21,386 273,275
Norconsult Norge As 47,244 214,984
Nordex Se 8,815 301,468
Nordnet Ab Publ 8,312 243,607
Nordrest Holding Ab 1,305 35,116
North West Co Inc (The) 4,794 171,054
Norwegian Air Shuttle Asa 162,233 280,659
Nova Ljubljanska Banka Dd 8,811 373,560
Novanta Inc 1,122 133,559
Novartis Ag 21,571 2,984,128
Novo Nordisk A/S 77,964 3,987,334
Nrj Group 6,728 63,841
Ns Solutions Corp 1,198 33,811
Ns Tool Co Ltd 6,791 37,825
Nsd Co Ltd 6,592 145,673
Nsk Ltd 21,273 132,434
Nu Holdings Ltd/Cayman Islands 214,202 3,585,736
Nvent Electric Plc 2,505 255,386
Obara Group Inc 14,482 353,854
Obic Business Consultants Co L 2,597 140,037
Odawara Engineering Co Ltd 1,298 18,223
Oddity Tech Ltd 5,378 216,096
Odfjell Technology Ltd 904 5,063
Ogaki Kyoritsu Bank Ltd/The 3,296 98,615
Oie Sangyo Co Ltd 999 14,725
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
42
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Oji Holdings Corp 59,924 328,858
Okamura Corp 3,396 49,675
Okaya & Co Ltd 400 23,958
Okea Asa 6,355 14,081
Oki Electric Industry Co Ltd 9,188 116,361
Okinawa Financial Group Inc 1,698 51,614
Okp Holdings Ltd 55,330 54,642
Olympus Corp 93,891 1,188,721
Onamba Co Ltd 2,013 18,626
Ono Pharmaceutical Co Ltd 40,848 566,162
Onward Holdings Co Ltd 15,181 71,185
Open House Group Co Ltd 3,296 193,488
Optorun Co Ltd 9,987 121,700
Or Royalties Inc 16,152 572,280
Orange Sa 138,832 2,315,322
Orbusneich Medical Group Holdi 29,463 13,703
Orica Ltd 48,956 792,655
Oro Co Ltd 1,598 21,358
Orsero Spa 3,694 80,441
Otp Bank Nyrt 7,920 850,360
Otsuka Holdings Co Ltd 28,406 1,608,027
Oug Holdings Inc 599 14,891
Outsurance Group Ltd 36,587 158,228
Oxford Nanopore Technologies P 77,632 134,074
Page Industries Ltd 576 231,107
Pal Group Holdings Co Ltd 6,991 90,810
Paltac Corp 899 27,664
Pan African Resources Plc 41,255 67,143
Paradise Entertainment Ltd 63,919 5,256
Park24 Co Ltd 14,681 195,759
Pca Corp 1,498 18,331
Penta-Ocean Construction Co Lt 33,558 337,299
Pepco Group Nv 29,190 243,576
Pepper Money Ltd/Australia 26,126 37,632
Perion Network Ltd 4,082 39,104
Pernod Ricard Sa 24,626 2,114,188
Perseus Mining Ltd 118,755 449,809
Persimmon Plc 9,074 165,796
Persol Holdings Co Ltd 100,773 186,829
Peter Warren Automotive Holdin 11,018 13,629
Pfisterer Holding Se 1,652 148,417
Pharma Mar Sa 1,028 90,403
Pharming Group Nv 43,305 72,526
Phu Nhuan Jewelry Jsc 69,512 256,377
Pickles Holdings Co Ltd 1,898 16,041
Picton Property Income Ltd 102,652 102,312
Pilot Corp 999 31,049
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
43
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Piquadro Spa 10,710 31,321
Piraeus Bank Sa 350,182 2,794,174
Planisware Sa 10,030 278,011
Playmates Toys Ltd 267,662 13,755
Plenti Group Ltd 15,583 11,587
Pls Group Ltd 76,967 216,593
Polar Capital Holdings Plc 6,670 47,725
Pole To Win Holdings Inc 41,847 87,034
Polycab India Ltd 5,664 480,119
Popular Inc 13,695 1,705,300
Powszechna Kasa Oszczednosci B 10,106 239,371
Pr Times Corp 1,598 28,321
Precision Drilling Corp 2,697 193,753
Prestige International Inc 28,963 134,520
Prinx Chengshan Holdings Ltd 18,477 18,516
Proact It Group Ab 4,083 50,134
Prologis Property Mexico Sa De 46,596 194,942
Prosegur Cash Sa 62,809 46,767
Prudent Corporate Advisory Ser 5,707 161,808
Prudential Plc 69,384 1,068,111
Psp Swiss Property Ag 1,282 232,277
Qaf Ltd 27,965 19,462
Qiagen Nv 21,159 965,568
Qinetiq Group Plc 45,183 268,375
Quilter Plc 230,612 567,637
Radico Khaitan Ltd 4,796 175,991
Radware Ltd 4,920 118,518
Raia Drogasil Sa 105,192 450,159
Raisio Oyj 20,937 64,792
Ramelius Resources Ltd 15,535 43,097
Rank Group Plc 30,147 40,265
Rasa Corp 5 58
Ratos Ab 4,769 19,689
Raute Oyj 1,732 30,712
Record Plc 31,026 23,453
Redcare Pharmacy Nv 7,938 606,911
Rede D'Or Sao Luiz Sa 157,481 1,167,081
Regis Healthcare Ltd 10,573 49,000
Regis Resources Ltd 74,146 373,306
Reitmans (Canada) Ltd 33,201 52,075
Reliance Industries Ltd 61,706 1,078,138
Relo Group Inc 27,465 300,595
Relx Plc 117,565 4,775,539
Ren - Redes Energeticas Nacion 52,074 196,625
Rengo Co Ltd 41,847 324,509
Renishaw Plc 5,290 249,762
Resona Holdings Inc 141,534 1,348,113
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
44
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Resorttrust Inc 18,077 226,332
Rheinmetall Ag 1,066 1,955,208
Rheon Automatic Machinery Co L 2,796 25,941
Richelieu Hardware Ltd 6,727 194,128
Ricoh Co Ltd 17,378 152,333
Rigaku Holdings Corp 20,874 163,399
Rightmove Plc 1,105 7,720
Riken Vitamin Co Ltd 5,094 96,415
Rinnai Corp 4,694 118,591
Rio Tinto Plc 30,603 2,467,299
Riso Kagaku Corp 4,195 33,398
Riyue Heavy Industry Co Ltd 102,770 194,859
Robertet Sa 361 371,781
Roche Holding Ag 9,151 3,790,863
Rohm Co Ltd 8,489 120,235
Roivant Sciences Ltd 1,986 43,101
Rolls-Royce Holdings Plc 650,003 10,054,292
Rosebank Industries Plc 33,147 156,046
Rotork Plc 117,401 513,838
Round One Corp 41,947 299,726
Royal Unibrew A/S 2,238 202,187
Rs Group Plc 124,121 1,041,763
Rtx A/S 1,981 33,477
Rusta Ab 21,778 204,347
Ryanair Holdings Plc 37,275 2,690,897
Safestore Holdings Plc 11,448 113,326
Safran Sa 13,376 4,671,967
Sakai Moving Service Co Ltd 699 12,787
Sakata Inx Corp 32,858 496,614
Salik Co Pjsc 107,854 186,467
Samsung Biologics Co Ltd 265 311,921
Samsung Electronics Co Ltd 91,781 7,639,139
Samyang Foods Co Ltd 248 212,056
Sandvik Ab 29,016 946,146
Sanford Ltd/Nz 3,267 13,902
Sanko Metal Industrial Co Ltd 9,488 88,981
Sankyu Inc 3,695 199,354
Sansan Inc 11,286 124,849
Sansha Electric Manufacturing 2,996 17,624
Santen Pharmaceutical Co Ltd 78,900 818,475
Sanwa Holdings Corp 2,097 54,580
Sanyo Engineering & Constructi 1,798 15,208
Sap Se 28,525 6,979,981
Sapphire Foods India Ltd 65,302 186,761
Sato Corp 4,195 64,254
Saudi National Bank/The 185,668 1,875,090
Sawai Group Holdings Co Ltd 3,296 49,602
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
45
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Sbm Offshore Nv 9,562 275,135
Sbs Transit Ltd 8,290 20,627
Scales Corp Ltd 14,934 51,184
Scandi Standard Ab 3,042 32,768
Scandic Hotels Group Ab 1,808 19,080
Schaeffler Ag 11,227 110,229
Schneider Electric Se 11,983 3,305,720
Schott Pharma Ag & Co Kgaa 11,552 204,873
Scroll Corp 13,882 118,680
Sea Ltd 47,640 6,077,457
Seagate Technology Holdings Pl 13,035 3,589,725
Seed Co Ltd/Tokyo 4,195 15,388
Seek Ltd 10,517 162,142
Sega Sammy Holdings Inc 23,470 366,553
Seiko Epson Corp 19,975 252,703
Sekisui Kasei Co Ltd 25,168 64,227
Sensata Technologies Holding P 14,953 497,794
Seraku Co Ltd 2,297 22,539
Seria Co Ltd 2,497 55,434
Servcorp Ltd 3,717 16,856
Service Stream Ltd 562,504 840,237
Seven & I Holdings Co Ltd 126,384 1,814,581
Severfield Plc 42,233 16,417
Shanghai Gench Education Group 38,951 13,612
Sharkninja Inc 395 44,251
Shell Plc 45,921 1,692,380
Shenzhen Inovance Technology C 20,032 215,935
Shenzhen Mindray Bio-Medical E 22,227 605,753
Shenzhen Yuto Packaging Techno 50,336 205,361
Shenzhou International Group H 40,649 319,612
Shibaura Machine Co Ltd 799 21,842
Shibaura Mechatronics Corp 599 72,408
Shibuya Corp 1,398 30,686
Shikoku Bank Ltd/The 5,193 58,248
Shimadzu Corp 75,451 2,006,327
Shimamura Co Ltd 999 65,119
Shimizu Bank Ltd/The 3,096 48,018
Shin Maint Holdings Co Ltd 6,192 47,011
Shin-Etsu Chemical Co Ltd 57,710 1,794,126
Shizuoka Gas Co Ltd 4,894 37,466
Shofu Inc 10,287 119,773
Shopify Inc 17,529 2,821,845
Siemens Ag 3,342 938,664
Siemens Energy Ag 68,499 9,686,068
Siemens Healthineers Ag 31,581 1,666,095
Sig Plc 240,500 32,478
Singapore Land Group Ltd 10,886 26,581
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
46
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Sinko Industries Ltd 1,198 10,827
Sitoy Group Holdings Ltd 121,846 8,140
Sjf Bank A/S 752 44,109
Sk Hynix Inc 10,963 4,954,362
Sk Square Co Ltd 3,877 990,354
Skan Group Ag 1,133 75,481
Sks Technologies Group Ltd 11,940 32,087
Sm Entertainment Co Ltd 2,601 243,724
Sma Solar Technology Ag 665 26,623
Smart-Core Holdings Ltd 59,924 16,168
Smk Corp 899 15,134
Sms Co Ltd 14,781 127,307
Social Housing Reit Plc 96,105 89,193
Societe Generale Sa 17,629 1,422,799
Socionext Inc 26,167 365,514
Softcreate Holdings Corp 3,496 48,126
Sol Spa 1,763 101,341
Somec Spa 567 9,894
Sompo Holdings Inc 53,623 1,825,476
Sonova Holding Ag 2,393 625,578
Sony Group Corp 88,807 2,279,889
Sophia Genetics Sa 34,352 160,425
South Bow Corp 13,892 381,605
Southern Cross Media Group Ltd 37,780 19,903
Spie Sa 23,720 1,372,284
Spirax Group Plc 6,874 630,597
Spotify Technology Sa 5,950 3,455,456
Ssab Ab 45,924 347,015
Sse Plc 34,877 1,022,201
Steris Plc 437 110,888
Sto Se & Co Kgaa 186 26,442
Storagevault Canada Inc 73,204 249,400
Strike Group Co Ltd 4,295 112,882
Structure Therapeutics Inc 12,283 854,279
Subsea 7 Sa 19,817 399,213
Sumitomo Chemical Co Ltd 11,785 33,503
Sumitomo Heavy Industries Ltd 6,991 185,054
Sumitomo Mitsui Financial Grou 68,175 2,192,557
Sumitomo Pharma Co Ltd 12,584 186,098
Sumitomo Seika Chemicals Co Lt 4,095 141,070
Sun* Inc 22,372 64,084
Suncor Energy Inc 27,729 1,232,340
Super Group Sghc Ltd 5,479 65,475
Suzuken Co Ltd/Aichi Japan 7,890 308,614
Suzuki Motor Corp 163,661 2,437,503
Svedbergs Group Ab 8,266 61,148
Swiggy Ltd 49,367 212,149
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
47
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Swissquote Group Holding Sa 1,110 682,075
Syensqo Sa 1,640 132,047
Symrise Ag 10,125 819,045
Syncona Ltd 77,345 98,832
System Support Holdings Inc 6,991 64,495
Systena Corp 14,482 47,489
Tai Sin Electric Ltd 34,856 16,127
Taiheiyo Cement Corp 20,274 502,252
Taiho Kogyo Co Ltd 4,694 24,437
Taisei Lamick Group Head Quart 699 11,842
Taiwan Semiconductor Manufactu 362,538 28,981,911
Taiyo Yuden Co Ltd 2,597 58,645
Takashimaya Co Ltd 27,266 285,536
Takeuchi Manufacturing Co Ltd 4,095 176,338
Takihyo Co Ltd 999 14,438
Tanabe Engineering Corp 799 13,355
Taoka Chemical Co Ltd 1,298 10,238
Tata Consultancy Services Ltd 10,185 363,338
Tatton Asset Management Plc 8,226 73,021
Taylor Maritime Ltd 9,884 8,428
Tecan Group Ag 2,091 339,210
Techmatrix Corp 14,082 209,960
Technip Energies Nv 1,757 67,014
Technipfmc Plc 8,658 385,800
Technogym Spa 7,211 136,687
Technology One Ltd 3,804 70,930
Technoprobe Spa 2,894 41,471
Technotrans Se 350 14,081
Techtronic Industries Co Ltd 110,636 1,277,849
Tecsys Inc 2,093 46,807
Temairazu Inc 3,595 70,650
Temenos Ag 800 80,378
Tencent Holdings Ltd 170,923 13,153,834
Tencent Music Entertainment Gr 19,576 343,172
Terumo Corp 59,903 867,518
Tesco Plc 245,074 1,456,334
Teva Pharmaceutical Industries 28,285 882,769
Tgs Asa 51,197 465,183
Thales Sa 3,764 1,015,753
Thinkific Labs Inc 6,492 9,188
Thyssenkrupp Ag 22,211 241,918
Tingyi Cayman Islands Holding 101,871 154,309
Tk Group Holdings Ltd 63,919 20,859
Tkc Corp 400 10,985
Tkms Ag& Co Kgaa 540 41,945
Tocalo Co Ltd 899 12,754
Tokai Carbon Co Ltd 8,290 51,257
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
48
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Tokyo Kiraboshi Financial Grou 7,091 393,582
Tokyo Seimitsu Co Ltd 5,793 410,397
Tokyo Tatemono Co Ltd 15,780 356,988
Tomato Bank Ltd 7,091 67,226
Tomtom Nv 15,586 100,130
Topy Industries Ltd 2,796 55,217
Toronto Dominion Bank 16,214 1,530,104
Torrent Pharmaceuticals Ltd 4,876 208,857
Toshiba Tec Corp 5,193 90,785
Tosho Co Ltd 13,383 66,597
Totalenergies Se 27,989 1,827,324
Toto Ltd 6,292 173,975
Totvs Sa 27,222 209,040
Towa Bank Ltd/The 6,092 41,860
Tower Semiconductor Ltd 2,236 262,572
Toyo Kanetsu Kk 1,997 31,617
Toyo Suisan Kaisha Ltd 22,326 1,531,209
Toyo Tire Corp 17,578 486,138
Toyota Boshoku Corp 12,684 203,355
Transat A T Inc 10 18
Trelleborg Ab 4,925 209,784
Trevi - Finanziaria Industrial 127,381 94,998
Trinity Industrial Corp 3,895 32,230
Trip.Com Group Ltd 21,179 1,507,466
Trivago Nv 5,941 17,230
Troax Group Ab 7,362 118,984
Truly International Holdings Ltd 555,298 77,050
Trusco Nakayama Corp 8,389 128,668
Trustpilot Group Plc 99,473 219,962
Ts Lines Ltd 19,975 21,249
Tsutsumi Jewelry Co Ltd 1,898 30,847
Tvs Motor Co Ltd 35,425 336,154
Ubicom Holdings Inc 6,791 45,191
Ubisoft Entertainment Sa 26,089 197,385
Ubs Group Ag 120,743 5,632,907
Ueki Corp 599 10,387
Ulvac Inc 2,796 126,313
Umicore Sa 17,805 374,298
Unicaja Banco Sa 176,097 574,539
Unilever Plc 38,460 2,513,870
Unimicron Technology Corp 43,850 307,032
Unipres Corp 4,095 33,491
United Arrows Ltd 1,398 21,909
United Internet Ag 2,462 80,033
Unitronics 8,026 57,919
Universal Microwave Technology 16,979 366,908
Universal Music Group Nv 49,268 1,286,282
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
49
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Uno Minda Ltd 15,495 221,671
Uol Group Ltd 62,621 425,588
Urbana Corp 4,494 30,000
Uss Co Ltd 32,259 353,371
Valeo Se 44,654 610,179
Valmet Oyj 7,597 252,782
Valor Holdings Co Ltd 2,197 47,240
Valuecommerce Co Ltd 8,090 34,321
Valuemax Group Ltd 23,370 17,810
Vault Minerals Ltd 50,577 184,151
Vector Inc 11,985 91,906
Vedant Fashions Ltd 13,480 87,302
Ventia Services Group Pty Ltd 38,948 154,535
Venture Corp Ltd 7,291 85,834
Vicom Ltd 11,186 14,265
Victory Giant Technology Huizh 6,642 273,349
Viel & Cie Sa 2,630 52,503
Viking Line Abp 28 703
Virbac Saca 1,284 539,266
Viridien 832 96,145
Visional Inc 2,397 153,075
Vista Energy Sab De Cv 4,594 223,553
Vivendi Se 65,166 181,079
Voestalpine Ag 12,675 562,398
Volvo Car Ab 29,651 98,741
Vz Holding Ag 979 184,572
Wacom Co Ltd 22,072 113,920
Wadakohsan Corp 1,598 17,474
Warabeya Nichiyo Holdings Co L 1,198 25,117
Warehouses De Pauw Cva 6,876 178,639
Waste Connections Inc 10,103 1,771,613
Watches Of Switzerland Group P 40,508 258,259
Wave Life Sciences Ltd 6,658 113,182
Weatherford International Plc 6,833 534,713
Webuild Spa 38,886 156,281
Weichai Power Co Ltd 85,708 207,566
Weir Group Plc/The 11,908 455,838
Wereldhave Belgium Comm Va 237 14,734
West African Resources Ltd 38,126 76,273
White Mountains Insurance Grou 294 610,094
Whitehaven Coal Ltd 43,245 223,496
Wickes Group Plc 26,088 82,461
Wiwynn Corp 4,983 711,280
Wus Printed Circuit Kunshan Co 50,734 530,491
Wuxi Apptec Co Ltd 23,520 298,247
Wuxi Xdc Cayman Inc 34,383 268,356
Xenon Pharmaceuticals Inc 1,035 46,369
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
50
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Xiamen Tungsten Co Ltd 37,153 218,299
Xin Point Holdings Ltd 169,785 83,546
Xps Pensions Group Plc 22,523 102,696
Xrf Scientific Ltd 14,067 19,324
Yagami Inc 499 14,559
Yamabiko Corp 799 15,149
Yamada Consulting Group Co Ltd 1,498 16,898
Yamagata Bank Ltd/The 6,991 86,261
Yamaguchi Financial Group Inc 5,693 77,105
Yamaha Corp 4,494 31,325
Yamaichi Electronics Co Ltd 1,798 67,094
Yangzijiang Financial Holding 957,390 297,789
Yangzijiang Maritime Development 957,390 461,572
Yantai Jereh Oilfield Services 24,869 252,061
Yaskawa Electric Corp 2,197 66,669
Yokowo Co Ltd 14,881 214,277
Yoshicon Co Ltd 899 16,688
Yossix Holdings Co Ltd 2,197 41,437
Yougov Plc 44,593 153,847
Yue Yuen Industrial Holdings Ltd 75,904 155,738
Yunnan Aluminium Co Ltd 85,991 404,106
Yutong Bus Co Ltd 55,112 257,889
Zacros Corp 5,593 41,212
Zalando Se 45,205 1,345,329
Zeal Network Se 231 14,252
Zealand Pharma A/S 4,076 298,914
Zenkoku Hosho Co Ltd 7,590 151,135
Zepp Health Corp 2,457 66,189
Zeria Pharmaceutical Co Ltd 12,085 161,829
Zhejiang Dingli Machinery Co Ltd 22,871 185,374
Zhongji Innolight Co Ltd 4,983 434,970
Zijin Mining Group Co Ltd 83,715 383,537
Zip Co Ltd 39,711 87,123
Zozo Inc 87,811 723,236
Zurich Insurance Group Ag 2,799 2,125,977
Total Non-U.S. equities $ 600,249,194
Mutual funds and other registered investment companies
Blackrock High Yield-K 12,801,679 $ 92,556,141
Blckrck Cash-Trsry-Inst 808,441,629 808,441,629
Blue Owl Capital Corp 22,562 280,442
Dimensional Emrg Mrkts Ii 3,279,677 72,218,492
Fidelity Adv Foc Emr Mrk-Z 702,925 29,804,002
Golub Capital Bdc Inc 18,432 250,128
Pgim High Yield-R6 9,512,918 46,137,651
Pimco Income Fund-Ins 1,485,901 16,330,055
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
51
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
T Rowe Pr Inst Hi Yld-Inst 11,659,637 92,927,308
Total mutual funds and other registered investment companies $ 1,158,945,848
Synthetic guaranteed investment contracts (GICs):
American General Life Contract 25020
Agl Cash A/C: 9053701 $ 330,283
Allya 2025-1 A3 3.52 % 10/16/2028 484,038 486,437
Amxca 2024-1 A 3.71 % 4/15/2027 499,008 509,624
Bank5 2025-5Yr19 A2 4.39 % 11/15/2030 1,766,489 1,798,496
Bank5 2023-5Yr3 A2 4.43 % 7/17/2028 269,464 280,812
Bank5 2025-5Yr17 A2 4.36 % 8/15/2030 3,268,504 3,323,179
Bank 2022-Bnk39 A4 4.54 % 1/15/2032 479,048 438,359
Bank 2018-Bn10 A5 4.05 % 1/18/2028 439,127 436,633
Bank 2021-Bn36 A5 4.51 % 9/15/2031 319,365 286,688
Bank 2019-Bn22 A4 4.38 % 10/15/2029 369,266 351,349
Bank 2023-Bnk46 A4 4.77 % 6/15/2033 319,365 338,784
Bank 2024-Bnk48 A5 4.89 % 9/15/2034 329,345 336,853
Bank 2017-Bnk7 A5 4.13 % 9/15/2027 354,296 350,821
Carmx 2022-4 A3 3.41 % 6/15/2026 499,008 100,340
Fnr 2017-81 Ya 3.98 % 5/25/2046 2,809,416 2,324,767
Fnr 2019-14 Da 4.05 % 3/25/2048 12,195,760 2,342,359
Fnr 2025-69 E 4.09 % 6/26/2051 2,440,150 2,419,006
Fnr 2025-71 Ba 4.17 % 11/26/2035 2,345,338 2,214,086
Fhr 4527 Ga 4.05 % 2/15/2044 14,191,793 2,024,975
Fhr 4533 Ab 3.97 % 9/15/2032 19,965,318 2,338,795
Fhr 5083 Va 3.84 % 8/16/2038 11,302,535 1,830,513
Fhr 5257 Ga 4.18 % 3/26/2035 3,408,226 2,100,077
Gmalt 2025-3 A3 3.75 % 11/22/2027 1,008,995 1,015,616
Gnr 2014-5 Lp 3.95 % 6/16/2043 27,635,073 2,020,500
Gnr 2023-5 Ec 4.36 % 8/20/2036 4,930,201 2,206,703
Gnr 2022-212 Hk 4.52 % 12/22/2031 2,470,091 2,498,576
Gnr 2022-174 Ag 4.15 % 12/22/2031 3,607,829 1,967,877
Mswf 2023-2 A5 4.68 % 11/15/2033 399,207 433,385
Mbart 2024-1 A3 3.85 % 6/15/2027 389,226 327,887
Ubscm 2017-C1 A3 4.08 % 3/15/2027 668,671 293,879
T 4 1/8 03/31/31 3.71 % 3/31/2031 1,017,977 1,047,020
T 4 1/2 05/31/29 3.55 % 5/31/2029 59,881 61,864
T 4 1/8 11/30/29 3.60 % 11/30/2029 229,544 234,466
T 4 3/8 12/31/29 3.60 % 12/31/2029 568,869 584,537
T 3 7/8 04/30/30 3.63 % 4/30/2030 189,623 192,490
T 3 7/8 06/15/28 3.35 % 6/15/2028 229,544 231,961
T 4 06/30/32 3.84 % 6/30/2032 2,654,724 2,673,805
T 3 7/8 06/30/30 3.64 % 7/1/2030 12,243,665 12,346,014
T 3 7/8 08/31/32 3.87 % 8/31/2032 338,328 342,339
Vwalt 2025-B A3 3.71 % 12/20/2027 1,916,191 1,926,210
Wfcit 2024-A2 A 3.70 % 10/15/2027 1,521,975 1,539,800
Wfcm 2024-C63 A5 4.74 % 8/15/2034 359,286 373,853
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
52
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Total American General Life Contract 25020 $ 59,282,018
American General Life Contract No. 725840, Royal Bank of Canada STANDISHCITIGROUP01
Glencore Funding Llc Sr Unsec 144A 5.37 % 4/4/2029 149,702 $ 154,659
Royal Caribbean Cruises Sr Unsec 144A 5.62 % 9/30/2031 79,841 81,693
Glencore Funding Llc Sr Unsec 144A 5.19 % 4/1/2030 149,702 154,094
Bayer Us Finance Ii Llc Sr Unsec 144A 4.38 % 12/15/2028 399,207 400,048
Oncor Electric Delivery Sr Sec 144A 5.35 % 4/1/2035 49,901 51,603
Prologis Targeted Us Sr Unsec 144A 5.25 % 4/1/2029 199,603 205,849
Beignet Investor Llc Sec 144A 6.58 % 5/30/2049 1,896,231 2,010,871
Equitable Financial Life Sec 144A 1.80 % 3/8/2028 698,611 666,082
Mars Inc Sr Unsec 144A Smr 5.20 % 3/1/2035 29,940 30,848
Mars Inc Sr Unsec 144A Smr 5.00 % 3/1/2032 219,564 226,716
Royal Caribbean Cruises Sr Unsec 144A 6.00 % 2/1/2033 79,841 82,152
Cheniere Energy Partners Sr Unsec 144A 5.55 % 10/30/2035 59,881 61,412
T-Mobile Usa Inc Sr Unsec 5.15 % 4/15/2034 29,940 30,668
Abbvie Inc Sr Unsec 4.80 % 3/15/2029 149,702 153,524
At&T Inc Sr Unsec 4.10 % 2/15/2028 249,504 249,826
Constellation Brands Inc Sr Unsec 4.35 % 5/9/2027 79,841 80,189
Energy Transfer Operatng Sr Unsec 3.75 % 5/15/2030 249,504 243,158
Home Depot Inc Sr Unsec 3.90 % 12/6/2028 229,544 230,513
Transcont Gas Pipe Line Sr Unsec 3.25 % 5/15/2030 279,445 268,298
Emory University Unsec 2.14 % 9/1/2030 1,297,421 1,189,785
T-Mobile Usa Inc 3.75 % 4/15/2027 99,802 99,531
Southern Calif Gas Co Sr Unsec 2.95 % 4/15/2027 1,197,620 1,185,431
Sutter Health Unsec 3.69 % 8/15/2028 1,197,620 1,191,584
Upmc Sec 5.04 % 5/15/2033 848,314 867,903
Cigna Corp Sr Unsec Smr 4.38 % 10/15/2028 49,901 50,377
Boeing Co Sr Unsec 5.15 % 5/1/2030 39,921 41,073
Williams Partners Lp Sr Unsec 3.75 % 6/15/2027 199,603 198,979
Seattle Children Hosp Unsec 1.21 % 10/1/2027 898,215 854,366
Micron Technology Inc Sr Unsec 5.88 % 2/9/2033 69,861 74,528
Boeing Co/The Sr Unsec 6.53 % 5/1/2034 79,841 88,548
Coterra Energy Inc Sr Unsec 3.90 % 5/15/2027 339,326 338,288
Anthem Inc Sr Unsec 4.10 % 5/15/2032 59,881 58,344
Eli Lilly & Co Sr Unsec 4.70 % 2/9/2034 239,524 243,327
T-Mobile Usa Inc 3.88 % 4/15/2030 119,762 117,920
Andrew W Mellon Foundati Unsec 0.95 % 8/1/2027 1,197,620 1,144,926
Coterra Energy Inc Sr Unsec 4.38 % 3/15/2029 79,841 80,193
Eli Lilly & Co Sr Unsec 4.20 % 8/14/2029 39,921 40,392
Dell Int Llc / Emc Corp 4.90 % 10/1/2026 299,405 300,853
Devon Energy Corporation Sr Unsec Smr 5.20 % 9/15/2034 29,940 29,903
At&T Inc Sr Unsec 2.30 % 6/1/2027 79,841 78,068
Pres & Fellows Of Harvar Unsec 4.89 % 3/15/2030 399,207 412,338
Cvs Health Corp Sr Unsec Smr 4.30 % 3/25/2028 169,663 170,310
Gilead Sciences Inc Sr Unsec Smr 1.65 % 10/1/2030 129,742 116,314
Mcdonald's Corp Sr Unsec 3.60 % 7/1/2030 129,742 127,505
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
53
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Synopsys Inc Sr Unsec Smr 4.85 % 4/1/2030 79,841 81,628
Trustees Princeton Univ Sr Unsec 4.65 % 7/1/2030 199,603 204,700
Rtx Corp 3.12 % 5/4/2027 89,821 88,929
Diamondback Energy Inc Sr Unsec 3.25 % 12/1/2026 139,722 138,773
Diamondback Energy Inc Sr Unsec 3.50 % 12/1/2029 159,683 155,108
Cvs Health Corp Sr Unsec 3.62 % 4/1/2027 259,484 258,239
Cvs Health Corp Sr Unsec 3.75 % 4/1/2030 29,940 29,267
Philip Morris Intl Inc Sr Unsec 5.25 % 2/13/2034 29,940 31,019
Energy Transfer Operatng Sr Unsec 4.95 % 6/15/2028 239,524 243,611
Synopsys Inc Sr Unsec Smr 4.65 % 4/1/2028 139,722 141,715
Advent Health System 2.95 % 3/1/2029 598,810 569,338
Diamondback Energy Inc Sr Unsec 3.12 % 3/24/2031 39,921 37,380
Eli Lilly & Co Sr Unsec 4.50 % 2/9/2029 169,663 172,973
T-Mobile Usa Inc 2.55 % 2/15/2031 389,226 355,992
Abbvie Inc Smr 3.20 % 11/21/2029 249,504 242,196
Nvr Inc Sr Unsec 3.00 % 5/15/2030 798,413 756,819
Anthem Inc Sr Unsec 2.55 % 3/15/2031 399,207 365,055
Aercap Ireland Cap/Globa 1.75 % 1/30/2026 399,207 398,528
Philip Morris Intl Inc Sr Unsec 2.10 % 5/1/2030 299,405 274,666
Carmx 2022-4 A3 5.34 % 8/16/2027 99,819 100,108
Dcent 2023-A2 A 4.93 % 6/15/2028 499,008 501,585
Bacct 2023-A2 A2 4.98 % 11/15/2028 499,008 504,323
Allya 2024-2 A3 4.14 % 7/16/2029 406,787 407,556
Fnma Pass Thru 20Yr #Al6938 5.50 % 4/1/2030 485 492
Fhlmc Gold 30Yr Gnt #G0-8693 3.50 % 3/1/2046 20,803 19,777
Fnma Pass Thru 20Yr #Ma4473 1.50 % 11/1/2041 72,411 61,217
Gnma Ii Multpl Sgl 30Yr #Ma8879M 5.50 % 5/20/2053 218,095 221,977
Fnma Pass Thru 30Yr #Sd8516 6.00 % 3/1/2055 1,423,253 1,462,697
Fnma Pass Thru 30Yr #849299 5.50 % 1/1/2036 71,850 75,205
Fnma Pass Thru 30Yr #995759 5.50 % 11/1/2038 155,159 161,937
Gnma Ii Multpl Sgl 30Yr #Ma7137M 3.00 % 1/20/2051 565,075 511,684
Fnma Pass Thru 30Yr #808040 5.50 % 2/1/2035 103,728 108,566
Fnma Pass Thru 30Yr #Sd7555 3.00 % 8/1/2052 515,481 465,940
Gnma Ii Multpl Sgl 30Yr #Ma7988M 3.00 % 4/20/2052 2,966,968 2,676,808
Fnma Pass Thru 30Yr #865433 5.50 % 2/1/2036 5,383 5,602
Gnma Ii Multpl Sgl 30Yr #787236C 6.50 % 1/20/2054 111,350 116,391
Fnma Pass Thru 30Yr #Au5386 3.00 % 6/1/2043 1,309,681 1,212,922
Gnma Ii Multpl Sgl 30Yr #Ma8723M 4.00 % 3/20/2053 318,361 303,610
Fnma Pass Thru 30Yr #Ad0963 5.50 % 9/1/2038 23,753 24,812
Fnma Pass Thru 30Yr #Fm9464 3.00 % 11/1/2051 322,354 291,270
Fnma Pass Thru 30Yr #Sd4169 6.50 % 10/1/2053 357,539 376,301
Fhlmc Gold 30Yr Gnt #G6-1040 3.50 % 6/1/2047 1,410,195 1,336,782
Fnma Pass Thru 20Yr #Ma4202 1.50 % 12/1/2040 805,828 691,594
Fnma Pass Thru 15Yr #Fm3869 3.00 % 6/1/2035 80,099 77,723
Gnma Ii Multpl Sgl 30Yr #Ma8725M 5.00 % 3/20/2053 691,172 692,469
Gnma Ii Multpl Sgl 30Yr #787228C 6.00 % 1/20/2054 819,094 850,618
Fnma Pass Thru 20Yr #Ma4643 3.00 % 5/1/2042 726,174 676,703
Fnma Pass Thru 30Yr #Al7579 5.50 % 2/1/2042 54,488 57,034
Fnma Pass Thru 30Yr #Bv8534 3.00 % 5/1/2052 2,515,909 2,243,687
Fnma Pass Thru 30Yr #Sd2410 6.00 % 2/1/2053 487,975 507,553
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
54
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Fnma Pass Thru 30Yr #Qf0152 4.50 % 9/1/2052 1,052,846 1,031,681
Fnma Pass Thru 30Yr #Cb8226 6.50 % 3/1/2054 63,597 66,408
Fhlmc Gold 30Yr Gnt #G0-8687 3.50 % 1/1/2046 461,496 438,881
Fnma P-T Dus #Bl6406 1.63 % 5/1/2027 299,405 290,686
Fnma Pass Thru 30Yr #Sl0589 5.00 % 2/1/2055 277,915 280,059
Fnma Tba 4.5% Feb 30Yr 4.50 % 2/12/2056 2,295,438 2,241,844
Fnma Pass Thru 30Yr #756202 5.50 % 12/1/2033 6,506 6,622
Gnma Ii Multpl Sgl 30Yr #Ma4720M 4.00 % 9/20/2047 807,599 778,586
Gnma Ii Multpl Sgl 30Yr #Ma8268M 4.50 % 9/20/2052 833,952 820,116
Fnma Pass Thru 30Yr #817640 5.50 % 11/1/2035 109,870 114,037
Fnma Pass Thru 30Yr #Sd8455 6.50 % 8/1/2054 896,083 931,535
Gnma Ii Multpl Sgl 30Yr #Ma8199M 3.50 % 8/20/2052 1,274,497 1,170,265
Fnma Pass Thru 30Yr #Fm8648 3.00 % 9/1/2051 63,947 57,589
Fnma Pass Thru 30Yr #Dc3239 5.50 % 9/1/2054 88,860 90,536
Fnma Pass Thru 30Yr #Ma5552 5.00 % 12/1/2054 2,055,684 2,054,019
Fnma Pass Thru 30Yr #Zt1857 4.50 % 3/1/2049 962,688 958,479
Fnma Pass Thru 30Yr #940765 5.50 % 6/1/2037 31,144 32,562
Gnma Ii Multpl Sgl 30Yr #Ma8726M 5.50 % 3/20/2053 202,936 206,487
Fnma Pass Thru 30Yr #Qe1719 4.00 % 5/1/2052 966,815 921,741
Fnma Pass Thru 30Yr #Sd8265 4.00 % 11/1/2052 11,026,990 10,538,848
Fnma Pass Thru 30Yr #As0924 5.00 % 11/1/2043 555,812 567,146
Fnma Pass Thru 30Yr #Fm3241 3.00 % 3/1/2050 1,263,334 1,140,071
Fnma Pass Thru 30Yr #Ma5702 6.50 % 5/1/2055 407,664 423,786
Fnma Pass Thru 30Yr #Sd3838 6.00 % 10/1/2053 399,549 416,079
Fnma Pass Thru 30Yr #Ma5027 4.00 % 5/1/2053 2,617,706 2,499,266
Fnma Pass Thru 30Yr #Bv2616 3.00 % 7/1/2052 5,262,769 4,673,394
Fnma Pass Thru 30Yr #Sl0655 6.00 % 3/1/2055 262,765 271,463
Gnma Ii Multpl Sgl 30Yr #Ma7650M 3.00 % 10/20/2051 613,982 553,937
Fnma Pass Thru 30Yr #357908 5.50 % 7/1/2035 7,997 8,371
Gnma Ii Multpl Sgl 30Yr #Ma4587M 4.00 % 7/20/2047 366,939 354,588
Fhlmc Gold 30Yr #Q3-7305 3.00 % 11/1/2045 867,458 794,515
Gnma Ii Multpl Sgl 30Yr #786843C 3.00 % 3/20/2052 76,525 68,888
Fnma Pass Thru 30Yr #Bx8833 5.00 % 3/1/2053 1,130,774 1,138,213
Fnma Pass Thru 30Yr #Sd3553 6.00 % 7/1/2053 196,496 202,674
Fnma Pass Thru 30Yr #Qf4704 5.50 % 11/1/2052 840,888 856,912
Fnma Pass Thru 30Yr #831356 5.50 % 3/1/2036 55,049 57,617
Fnma Pass Thru 20Yr #Ma4620 3.50 % 4/1/2042 112,946 108,787
Fnma Pass Thru 30Yr #Sd3663 5.50 % 8/1/2053 769,997 787,843
Fnma Pass Thru 30Yr #Sd8507 6.00 % 2/1/2055 320,151 329,008
Fnma Pass Thru 30Yr #889561 5.50 % 6/1/2038 64,046 66,844
Florida Power & Light 1St Mtg 2.45 % 2/3/2032 598,810 541,347
Interstate Power & Light 4.10 % 9/26/2028 199,603 199,561
Oneok Inc Sr Unsec Smr 5.80 % 11/1/2030 49,901 52,670
System Energy Resources 1St Mtge 5.30 % 12/15/2034 299,405 303,336
American Electric Power Sr Unsec 5.62 % 3/1/2033 798,413 840,404
Pacific Gas & Electric 1St Mtge 5.55 % 5/15/2029 129,742 134,121
Constellation En Gen Llc Sr Unsec 5.60 % 3/1/2028 499,008 515,227
Nstar Electric Co Sr Unsec 5.60 % 10/1/2028 399,207 411,427
Firstenergy Corp Sr Unsec 4.15 % 7/15/2027 179,643 179,064
Oneok Inc Sr Unsec Smr 5.65 % 11/1/2028 219,564 228,186
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
55
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Midamerican Energy Co Sec 3.65 % 4/15/2029 89,821 88,851
National Rural Util Coop Sr Unsec 4.80 % 3/15/2028 299,405 305,282
Consumers Energy Co 1St Mortgage 4.90 % 2/15/2029 299,405 307,551
Oneok Inc Sr Unsec Smr 5.55 % 11/1/2026 89,821 90,828
Avangrid Inc Sr Unsec 3.80 % 6/1/2029 598,810 591,651
Southern Cal Edison 1St Mtge 5.65 % 10/1/2028 299,405 310,350
Pacific Gas & Electric 3.00 % 6/15/2028 399,207 387,266
U S Treasury Note 3.88 % 5/31/2027 149,702 150,492
U S Treasury Note 4.00 % 2/28/2030 99,802 101,162
U S Treasury Note 4.62 % 9/30/2030 209,583 218,024
U S Treasury Note 4.38 % 12/31/2029 49,901 51,278
U S Treasury Note 3.88 % 6/30/2030 25,649,021 25,865,434
U S Treasury Note 4.12 % 3/31/2029 3,832,383 3,898,402
U S Treasury Note 4.62 % 4/30/2029 728,552 752,586
Cash Collateral Fut Rdr Usd 3.44 % 12/31/2060 403,199 403,199
Cash Collateral Cme Rdr Usd 3.44 % 12/31/2060 110,780 110,780
Cash Collateral Lch Rdr Usd 3.44 % 12/31/2060 247,508 247,508
Fl St Brd Admin Fin-A 5.53 % 7/1/2034 299,405 315,031
La Local Govt Envrn-A 4.28 % 2/1/2036 898,215 891,656
Sales Tax Securitiztn 2.96 % 1/1/2032 998,016 927,216
La Local Govt Envrn-A 4.14 % 2/1/2033 299,405 299,744
Tx Natural Gas Secz 5.10 % 4/1/2035 752,082 772,379
Nyc Transtnl Fin-C3 3.50 % 11/1/2032 1,746,529 1,649,152
Denver Schs-B-Ref-Txb 4.24 % 12/15/2037 698,611 676,398
Tx St Transn-1St Tier 5.18 % 4/1/2030 598,810 612,888
Fnma Pass Thru 20Yr #Ad0912 5.50 % 4/1/2029 18,555 18,829
Fnma Pass Thru 20Yr #888843 5.50 % 3/1/2027 518 526
Fnma Pass Thru 20Yr #Ae0787 5.50 % 5/1/2028 2,897 2,939
Fh Arm 1Q1534 H15T1Y+223.141 10.298 6.38 % 6/1/2037 126,810 131,070
Fnma Pass Thru 15Yr #Al2222 3.00 % 8/1/2027 12,122 12,028
Fnma Pass Thru 20Yr #257047 5.50 % 1/1/2028 4,734 4,804
Fnma Pass Thru 20Yr #256600 5.50 % 2/1/2027 61 62
Fn 793029 Rfucct6M+159.2Bp 10.869 6.08 % 7/1/2034 52,657 54,027
Deutsche Bank Ny Sofr 3.04 % 5/28/2032 998,016 917,765
Smith & Nephew Plc Sr Unsec 5.40 % 3/20/2034 199,603 207,008
Sumitomo Mitsui Finl Grp Sr Unsec 2.13 % 7/8/2030 798,413 728,594
Bpce Sa Sr Non Pref 144A Sofr 6.61 % 10/19/2027 399,207 406,860
Ubs Group Ag Sr Unsec 144A 3.87 % 1/12/2029 548,909 546,137
Santander Uk Group Hldgs Sr Unsec Sofr 2.90 % 3/15/2032 998,016 918,119
Brookfield Finance Inc Sr Unsec 4.35 % 4/15/2030 798,413 802,258
Nomura Holdings Inc Sr Unsec 3.10 % 1/16/2030 798,413 759,816
Ubs Group Ag Sr Unsec 144A Sofr 4.19 % 4/1/2031 998,016 989,863
Aercap Ireland Cap/Globa Sr Unsec Smr 3.00 % 10/29/2028 149,702 145,226
Lloyds Banking Group Plc Sr Unsec 4.55 % 8/16/2028 299,405 303,445
Banco Santander Sa Sr-Non-Preferred 4.17 % 3/24/2028 199,603 199,734
Ing Groep Nv Sr Unsec 4.05 % 4/9/2029 499,008 497,293
Bnp Paribas Sr Non-Prefer 144A Sofr 3.05 % 1/13/2031 748,512 709,619
Barclays Plc Sr Unsec Sofr 5.69 % 3/12/2030 998,016 1,039,543
Olympus Corp Sr Unsec 144A 2.14 % 12/8/2026 998,016 979,423
U S Treasury Note 4.12 % 6/15/2026 2,794,446 2,802,529
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
56
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
U S Treasury Note 4.50 % 3/31/2026 25,050,211 25,104,573
U S Treasury Note 4.12 % 10/31/2026 3,992,065 4,009,480
Rga Global Funding Sec 144A 2.00 % 11/30/2026 998,016 980,686
Wells Fargo & Company Sr Unsec Tsfr3M 2.88 % 10/30/2030 1,057,897 1,007,215
Wells Fargo & Company Sr Unsec Sofr 5.50 % 1/23/2035 748,512 782,773
Goldman Sachs Group Inc Sr Unsec 3.85 % 1/26/2027 898,215 897,696
Jpmorgan Chase & Co Sr Unsec Tsfr3M 2.58 % 4/22/2032 59,881 54,817
Aon North America Inc Sr Unsec Smr 5.15 % 3/1/2029 169,663 174,706
Morgan Stanley Sr Unsec Sofr 3.59 % 7/22/2028 329,345 327,193
Lazard Group Llc Sr Unsec 6.00 % 3/15/2031 499,008 529,709
Intercontinentalexchange Sr Unsec 4.60 % 3/15/2033 39,921 40,369
American Homes 4 Rent Sr Unsec 4.25 % 2/15/2028 499,008 500,555
Morgan Stanley Sr Unsec Sofr 5.32 % 7/19/2035 1,347,322 1,390,368
Charles Schwab Corp Sr Unsec 2.30 % 5/13/2031 329,345 298,621
Bank Of America Corp Sr Unsec Sofr 2.59 % 4/29/2031 2,275,477 2,122,566
Jpmorgan Chase & Co Sr Unsec Tsfr3M 4.00 % 4/23/2029 2,495,041 2,493,947
Fin Fut Us 5Yr Cbt 03/31/26 6.00 % 4/1/2026 14,171,833 15,490,477
Fin Fut Us Ultra 10Yr Cbt 03/20/26 6.00 % 3/21/2026 4,091,867 4,706,287
Fin Fut Us 2Yr Cbt 03/31/26 6.00 % 4/1/2026 25,549,219 26,671,988
Fin Fut Us 30Yr Cbt 03/20/26 6.00 % 3/21/2026 (698,611) (807,551)
Fin Fut Us Ultra 30Yr Cbt 03/20/26 6.00 % 3/21/2026 (1,696,628) (2,002,021)
Fin Fut Us 10Yr Cbt 03/20/26 6.00 % 3/21/2026 (1,896,231) (2,132,075)
Rfr Usd Sofr/3.30000 12/02/24-4Y* Cme 3.30 % 2/28/2029 (798,413) 964
Rfr Usd Sofr/3.37500 03/31/26-4Y* Lch 3.38 % 5/31/2030 (2,073,479) 928
Rfr Usd Sofr/3.75000 09/02/25-7Y* Lch 3.75 % 5/15/2032 (2,620,791) (31,036)
Rfr Usd Sofr/3.00000 02/12/25-30Y Lch 3.00 % 2/12/2055 (598,810) 117,642
Rfr Usd Sofr/3.29000 03/31/26-4Y* Lch 3.29 % 5/31/2030 (1,569,980) 5,838
Rfr Usd Sofr/3.43091 09/03/24-7Y* Lch 3.43 % 4/30/2031 (199,603) 396
Rfr Usd Sofr/3.51453 09/03/24-4Y* Lch 3.51 % 11/30/2028 (399,207) (2,073)
Rfr Usd Sofr/3.32826 09/03/24-7Y* Cme 3.33 % 4/30/2031 (99,802) 721
Rfr Usd Sofr/3.30000 12/02/24-7Y* Cme 3.30 % 6/30/2031 (299,405) 2,830
Rfr Usd Sofr/3.51042 09/03/24-4Y* Lch 3.51 % 11/30/2028 (299,405) (1,520)
Natwest Group Plc Sr Unsec 5.85 % 3/2/2027 698,611 700,532
Morgan Stanley Sr Unsec 3.62 % 1/20/2027 568,869 567,580
Bank Of America Corp Sr Unsec Sofr 1.66 % 3/11/2027 499,008 496,711
* Collective U.S. Gov't STIF 15 3.64 % 12/1/2030 238,907 238,907
Vm Cash Fut Dom Rdr Usd 3.44 % 12/31/2060 131,526 131,526
Vm Cash Ccp Cme Rdr Usd 3.44 % 12/31/2060 18,515 18,515
Vm Cash Ccp Lch Rdr Usd 3.44 % 12/31/2060 18,011 18,011
U S Treasury Inflate Prot Bd 2.12 % 1/15/2035 1,647,270 1,679,588
Fin Fut Sofr 90Day Cme (Wht) 03/17/26 - % 3/18/2026 6,736,611 6,488,198
Wells Fargo & Company Sr Unsec Tsfr3M 3.58 % 5/22/2028 499,008 495,939
U S Treasury Repo 3.93 % 1/2/2026 5,289,487 5,289,487
Uninvested Cash Plus Receivables 1,146,647
Net Unsettled Trades (2,209,287)
Net Futures Held (48,415,303)
Centrally Cleared Swaps (Due To) / Due From Broker (122,499)
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
57
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Total American General Life Contract No. 725840, Royal Bank of Canada STANDISHCITIGROUP01 $ 179,993,840
American United Life Insurance Company: S00020
Aepwv 2013-1 A2 3.83 % 8/1/2028 1,247,520 $ 707,069
Bbcms 2022-C18 A2 4.19 % 11/15/2027 933,145 835,689
Bank5 2024-5Yr7 A3 4.26 % 6/15/2029 998,016 1,046,909
Bank 2023-Bnk45 A2 4.29 % 1/18/2028 415,779 289,872
Bmark 2024-V9 A3 4.30 % 8/15/2029 750,630 783,882
Cd 2016-Cd2 A3 3.42 % 10/13/2026 848,314 799,936
Dbjpm 2017-C6 A4 4.27 % 5/10/2027 998,016 743,772
Dtrt 2023-1 A3 4.04 % 7/15/2026 1,000,012 329,272
Fnr 2016-37 Bk 4.01 % 12/27/2032 4,985,092 670,711
Fnr 2017-104 Pa 3.95 % 8/26/2030 6,187,702 551,751
Fnr 2022-29 Nq 4.63 % 8/25/2026 1,497,025 207,355
Fnr 2022-54 Da 4.83 % 8/26/2030 1,047,917 445,497
Fhr 3919 Ay 3.99 % 9/15/2031 1,212,590 331,145
Fhr 4571 Ca 4.10 % 8/15/2028 4,091,867 307,441
Fhr 5057 Ab 4.62 % 9/27/2032 2,674,684 1,117,201
Fhr 4888 Cb 3.98 % 3/15/2030 5,489,090 580,889
Fhr 5009 Gd 4.09 % 11/26/2029 1,896,231 416,769
Fhr 5254 A 4.70 % 10/25/2030 1,487,044 611,646
Fhr 5263 Ea 4.24 % 9/25/2029 1,232,550 666,853
Fnr 2011-36 Qb 3.99 % 10/25/2030 2,744,545 550,333
Gmcar 2025-1 A3 3.67 % 12/16/2027 198,605 201,037
Gnr 2020-74 Dc 3.71 % 2/22/2028 3,992,065 418,668
Gnr 2021-78 D 4.13 % 2/22/2033 2,095,834 846,215
Gnr 2022-85 Ka 3.87 % 11/20/2026 1,596,826 302,571
Gnr 2022-107 A 4.20 % 1/20/2026 1,447,124 27,237
Jdot 2022-B A3 3.95 % 3/16/2026 511,982 57,654
Jdot 2023-A A3 3.81 % 10/15/2026 407,191 158,230
Mbart 2022-1 A3 3.57 % 6/15/2026 756,496 135,986
Mbart 2025-1 A3 3.76 % 3/15/2028 237,528 241,488
Narot 2022-B A3 3.80 % 6/15/2026 906,199 188,947
Pcg 4.838 06/01/33 4.28 % 6/1/2033 958,096 849,284
Woart 2022-B A3 3.99 % 2/17/2026 327,349 13,849
Woart 2022-C A3 3.87 % 5/15/2026 643,721 113,908
Total American United Life Insurance Company: S00020 $ 15,549,066
Prudential GA 62194
Pru Core Intermediate Bond Fund - Class 1 13,795,339 $ 170,153,796
Total Prudential GA 62194 $ 170,153,796
Reinsurance Group of America Contract No. RGA00084
Net receivable 56,546 $ 56,546
US Dollar 4.83 % 1,518,876 1,518,876
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
58
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Burlington Northern Santa Fe LLC 3.442 06/16/2028 3.44 % 6/16/2028 301,268 295,966
Wells Fargo & Co. 4.30 07/22/2027 4.30 % 7/22/2027 249,504 255,215
BNP Paribas SA 4.375 05/12/2026 4.38 % 5/12/2026 199,603 200,744
Fannie Mae 4.50 08/01/2040 4.50 % 8/1/2040 685,888 693,231
Fannie Mae 3.50 02/01/2037 3.50 % 2/1/2037 1,450,797 1,411,005
Barclays PLC 4.836 05/09/2028 4.84 % 5/9/2028 823,364 836,149
Fannie Mae 6.235 07/01/2047 6.24 % 7/1/2047 197,901 206,863
Freddie Mac Gold 4.50 09/01/2044 4.50 % 9/1/2044 1,496,791 1,505,112
Fannie Mae 6.235 07/01/2047 6.24 % 7/1/2047 191,991 200,654
Fannie Mae 4.50 01/01/2043 4.50 % 1/1/2043 1,473,279 1,483,785
Freddie Mac 6.37 05/01/2047 6.37 % 5/1/2047 21,186 22,224
Freddie Mac Gold 4.50 07/01/2045 4.50 % 7/1/2045 1,041,245 1,053,240
Fannie Mae 4.50 06/01/2047 4.50 % 6/1/2047 1,216,384 1,212,687
Fannie Mae 6.276 06/01/2047 6.28 % 6/1/2047 114,836 120,046
Freddie Mac 6.38 07/01/2047 6.38 % 7/1/2047 8,063 8,142
Bank of America Corp. 3.593 07/21/2028 3.59 % 7/21/2028 399,207 402,830
Freddie Mac Gold 4.50 04/01/2047 4.50 % 4/1/2047 733,571 732,207
Fannie Mae 6.351 10/01/2047 6.35 % 10/1/2047 105,849 110,632
Charter Communications, Inc. 4.20 03/15/2028 4.20 % 3/15/2028 1,621,777 1,633,756
Freddie Mac Gold 4.50 10/01/2047 4.50 % 10/1/2047 175,089 174,764
Freddie Mac Gold 4.00 11/01/2045 4.00 % 11/1/2045 140,618 135,181
CVS Health Corp. 4.30 03/25/2028 4.30 % 3/25/2028 816,377 828,442
Freddie Mac 6.39 06/01/2048 6.39 % 6/1/2048 60,827 63,347
Bank of America Corp. 3.419 12/20/2028 3.42 % 12/20/2028 573,859 567,241
Bayer AG 4.375 12/15/2028 4.38 % 12/15/2028 923,165 925,972
Charter Communications, Inc. 5.05 03/30/2029 5.05 % 3/30/2029 249,504 255,588
Fannie Mae 5.00 02/01/2049 5.00 % 2/1/2049 80,694 82,242
Fannie Mae 5.00 03/01/2049 5.00 % 3/1/2049 286,842 291,545
Fannie Mae 5.00 12/01/2048 5.00 % 12/1/2048 338,488 345,191
Bank of America Corp. 3.559 04/23/2027 3.56 % 4/23/2027 523,959 526,523
Imperial Brands PLC 3.875 07/26/2029 3.88 % 7/26/2029 349,306 348,257
The Cigna Group 4.375 10/15/2028 4.38 % 10/15/2028 748,512 762,230
Wells Fargo & Co. 2.879 10/30/2030 2.88 % 10/30/2030 249,504 238,569
Fannie Mae 3.326 10/01/2049 3.32 % 10/1/2049 503,612 517,844
Dow, Inc. 4.80 11/30/2028 4.80 % 11/30/2028 449,107 457,571
Prosus NV 3.68 01/21/2030 3.68 % 1/21/2030 673,661 657,749
Wells Fargo & Co. 2.572 02/11/2031 2.57 % 2/11/2031 449,107 423,951
JPMorgan Chase & Co. 4.493 03/24/2031 4.49 % 3/24/2031 1,172,669 1,197,059
Wells Fargo & Co. 4.478 04/04/2031 4.48 % 4/4/2031 1,671,677 1,700,818
CVS Health Corp. 3.75 04/01/2030 3.75 % 4/1/2030 399,207 393,551
Oracle Corp. 2.95 04/01/2030 2.95 % 4/1/2030 973,066 905,480
Dominion Energy, Inc. 3.375 04/01/2030 3.38 % 4/1/2030 1,147,719 1,117,046
The Southern Co. 3.70 04/30/2030 3.70 % 4/30/2030 873,264 858,017
JPMorgan Chase & Co. 2.522 04/22/2031 2.52 % 4/22/2031 623,760 584,065
Philip Morris International, Inc. 2.10 05/01/2030 2.10 % 5/1/2030 1,821,380 1,674,795
Boston Properties, Inc. 3.25 01/30/2031 3.25 % 1/30/2031 374,256 356,106
JPMorgan Chase & Co. 2.956 05/13/2031 2.96 % 5/13/2031 648,711 614,527
AT&T, Inc. 2.75 06/01/2031 2.75 % 6/1/2031 1,372,273 1,263,429
HSBC Holdings PLC 2.848 06/04/2031 2.85 % 6/4/2031 998,016 935,008
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
59
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Freddie Mac Pool 2.50 07/01/2050 2.50 % 7/1/2050 2,846,594 2,458,431
Fannie Mae 2.50 08/01/2050 2.50 % 8/1/2050 3,216,161 2,781,566
NatWest Group PLC 3.032 11/28/2035 3.03 % 11/28/2035 299,405 276,115
British American Tobacco PLC 2.726 03/25/2031 2.73 % 3/25/2031 1,297,421 1,205,629
British American Tobacco PLC 2.259 03/25/2028 2.26 % 3/25/2028 224,554 217,434
Barclays PLC 3.564 09/23/2035 3.56 % 9/23/2035 224,554 214,069
State Street Corp. 3.152 03/30/2031 3.15 % 3/30/2031 1,771,479 1,720,562
Fannie Mae 2.50 09/01/2040 2.50 % 9/1/2040 6,327,104 5,733,770
Freddie Mac Pool 2.50 10/01/2040 2.50 % 10/1/2040 670,322 607,522
AbbVie, Inc. 3.20 11/21/2029 3.20 % 11/21/2029 823,364 801,409
Mexico Government International 2.659 05/24/2031 2.66 % 5/24/2031 1,022,967 913,236
The Williams Co., Inc. 3.25 05/15/2030 3.25 % 5/15/2030 948,116 912,270
Freddie Mac Pool 2.50 10/01/2040 2.50 % 10/1/2040 1,897,153 1,715,280
Freddie Mac Pool 2.50 11/01/2050 2.50 % 11/1/2050 1,299,632 1,124,020
Freddie Mac Pool 2.50 08/01/2040 2.50 % 8/1/2040 2,227,657 2,023,144
Fannie Mae 2.50 01/01/2041 2.50 % 1/1/2041 1,311,520 1,182,641
T-Mobile U.S., Inc. 2.55 02/15/2031 2.55 % 2/15/2031 1,297,421 1,197,801
NextEra Energy, Inc. 1.90 06/15/2028 1.90 % 6/15/2028 1,297,421 1,237,435
Prosus NV 3.061 07/13/2031 3.06 % 7/13/2031 274,455 253,562
Freddie Mac Pool 2.50 07/01/2041 2.50 % 7/1/2041 2,498,269 2,259,892
Fannie Mae 2.50 12/01/2051 2.50 % 12/1/2051 2,690,402 2,313,109
The Goldman Sachs Group, Inc. 3.615 03/15/2028 3.62 % 3/15/2028 1,472,074 1,479,570
Charter Communications, Inc. 4.40 04/01/2033 4.40 % 4/1/2033 274,455 261,574
British American Tobacco PLC 4.742 03/16/2032 4.74 % 3/16/2032 698,611 714,650
Verizon Communications, Inc. 2.355 03/15/2032 2.36 % 3/15/2032 1,073,866 953,790
Capital One Financial Corp. 5.268 05/10/2033 5.27 % 5/10/2033 274,455 283,539
HSBC Holdings PLC 4.755 06/09/2028 4.76 % 6/9/2028 499,008 504,826
Fannie Mae 3.50 04/01/2052 3.50 % 4/1/2052 869,687 811,138
Fannie Mae 3.50 07/01/2052 3.50 % 7/1/2052 2,961,927 2,770,754
Kinder Morgan, Inc. 4.80 02/01/2033 4.80 % 2/1/2033 623,760 637,664
Fannie Mae 2.537 06/01/2052 2.54 % 6/1/2052 2,049,515 1,909,542
Freddie Mac 4.207 09/01/2052 4.21 % 9/1/2052 7,176,119 7,170,994
Freddie Mac 3.339 07/01/2052 3.34 % 7/1/2052 3,778,432 3,697,280
T-Mobile U.S., Inc. 5.20 01/15/2033 5.20 % 1/15/2033 823,364 869,574
The Southern Co. 5.70 10/15/2032 5.70 % 10/15/2032 1,172,669 1,255,241
Boston Properties, Inc. 6.75 12/01/2027 6.75 % 12/1/2027 1,147,719 1,206,935
Bank of America Corp. 6.204 11/10/2028 6.20 % 11/10/2028 998,016 1,045,822
Ford Credit Auto Owner Trust 5.27 05/17/2027 5.27 % 5/17/2027 173,991 174,906
Exelon Corp. 3.35 03/15/2032 3.35 % 3/15/2032 1,097,818 1,037,903
Freddie Mac Pool 3.50 08/01/2052 3.50 % 8/1/2052 371,120 346,135
Freddie Mac 4.641 01/01/2053 4.64 % 1/1/2053 759,684 770,356
UBS Group AG 5.711 01/12/2027 5.71 % 1/12/2027 324,355 333,175
Freddie Mac 3.949 01/01/2053 3.95 % 1/1/2053 2,154,721 2,134,791
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
60
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Fannie Mae 3.50 05/01/2052 3.50 % 5/1/2052 2,169,470 2,016,921
Capital One Financial Corp. 5.817 02/01/2034 5.82 % 2/1/2034 224,554 240,467
Fannie Mae 3.50 04/01/2052 3.50 % 4/1/2052 1,116,834 1,041,646
Texas Natural Gas Securitization Finance Corp. 5.102 04/01/2035 5.10 % 4/1/2035 1,337,035 1,389,586
Freddie Mac Pool 3.50 06/01/2052 3.50 % 6/1/2052 1,397,741 1,299,456
Ford Motor Credit Co. LLC 6.80 05/12/2028 6.80 % 5/12/2028 249,504 262,661
The Charles Schwab Corp. 5.643 05/19/2029 5.64 % 5/19/2029 723,562 755,890
The Charles Schwab Corp. 5.853 05/19/2034 5.85 % 5/19/2034 349,306 376,560
Capital One Financial Corp. 6.377 06/08/2034 6.38 % 6/8/2034 274,455 297,784
Capital One Financial Corp. 6.312 06/08/2029 6.31 % 6/8/2029 349,306 367,988
Fannie Mae 3.00 11/01/2040 3.00 % 11/25/2040 951,113 899,069
Freddie Mac 4.573 08/01/2053 4.57 % 8/1/2053 1,971,631 1,972,824
Ford Motor Credit Co. LLC 6.798 11/07/2028 6.80 % 11/7/2028 573,859 607,899
The Charles Schwab Corp. 6.196 11/17/2029 6.20 % 11/17/2029 274,455 292,353
U.S. Treasury Note/Bond 4.375 11/30/2028 4.38 % 11/30/2028 582,842 598,314
Honda Auto Receivables Owner Trust 5.67 06/21/2028 5.67 % 6/21/2028 1,129,536 1,143,642
Fannie Mae 3.50 11/01/2051 3.50 % 11/1/2051 1,141,262 1,061,012
U.S. Treasury Note/Bond 4.25 01/31/2026 4.25 % 1/31/2026 4,109,831 4,184,570
Freddie Mac Pool 3.50 05/01/2052 3.50 % 5/1/2052 454,269 422,327
Fannie Mae 4.00 08/01/2052 4.00 % 8/1/2052 785,641 748,668
Freddie Mac Pool 4.00 06/01/2052 4.00 % 6/1/2052 243,127 232,840
Freddie Mac Pool 4.00 12/01/2052 4.00 % 12/1/2052 1,752,847 1,677,095
U.S. Treasury Note/Bond 4.875 05/31/2026 4.88 % 5/31/2026 7,984,131 8,059,787
Ford Credit Auto Owner Trust 5.10 04/15/2029 5.10 % 4/15/2029 759,490 770,981
U.S. Treasury Note/Bond 3.75 08/31/2026 3.75 % 8/31/2026 7,846,405 7,954,855
Ford Credit Auto Owner Trust 4.11 07/15/2030 4.11 % 7/15/2030 3,126,785 3,149,916
Hyundai Auto Receivables Trust 4.44 01/15/2031 4.44 % 1/15/2031 1,184,645 1,201,947
Honda Auto Receivables Owner Trust 4.33 05/15/2029 4.33 % 5/15/2029 600,806 605,286
Ford Credit Auto Owner Trust 4.66 09/15/2030 4.66 % 9/15/2030 359,286 366,932
Volkswagen Auto Loan Enhanced Trust 4.67 06/20/2031 4.67 % 6/20/2031 940,131 959,375
Volkswagen Auto Loan Enhanced Trust 4.63 07/20/2029 4.63 % 7/20/2029 1,064,883 1,079,587
U.S. Treasury Note/Bond 4.125 11/30/2031 4.13 % 11/30/2031 1,160,693 1,182,359
Fannie Mae 4.50 09/01/2052 4.50 % 9/1/2052 562,153 553,138
Freddie Mac Pool 4.50 10/01/2052 4.50 % 10/1/2052 2,991,125 2,942,848
Fannie Mae 4.50 07/01/2053 4.50 % 7/1/2053 254,451 250,081
Fannie Mae 4.50 12/01/2052 4.50 % 12/1/2052 888,620 874,188
Toyota Auto Receivables Owner Trust 4.64 08/15/2029 4.64 % 8/15/2029 2,554,922 2,587,539
U.S. Treasury Note/Bond 4.375 01/31/2032 4.38 % 1/31/2032 3,347,347 3,501,721
Freddie Mac Pool 4.50 03/01/2053 4.50 % 3/1/2053 737,089 724,049
Honda Auto Receivables Owner Trust 4.57 09/21/2029 4.57 % 9/21/2029 456,093 461,729
Honda Auto Receivables Owner Trust 4.64 05/21/2031 4.64 % 5/21/2031 1,178,657 1,200,396
U.S. Treasury Note/Bond 4.125 02/29/2032 4.13 % 2/29/2032 575,855 592,046
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
61
CITI RETIREMENT SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 52-1568099 Plan No. 004
December 31, 2025
Interest Maturity Number of Cost Current
Identity of issuer rate date shares/units value** value
Mars, Inc. 4.60 03/01/2028 4.60 % 3/1/2028 224,554 231,073
Mars, Inc. 4.80 03/01/2030 4.80 % 3/1/2030 374,256 388,464
Fannie Mae 3.50 10/01/2051 3.50 % 10/1/2051 1,013,623 961,474
U.S. Treasury Note/Bond 4.125 05/31/2032 4.13 % 5/31/2032 1,238,538 1,259,279
Imperial Brands PLC 4.50 06/30/2028 4.50 % 6/30/2028 523,959 528,243
Chase Issuance Trust 4.16 07/15/2030 4.16 % 7/15/2030 638,730 646,119
Freddie Mac 5.056 09/01/2053 5.06 % 9/1/2053 570,720 579,870
Altria Group, Inc. 4.50 08/06/2030 4.50 % 8/6/2030 424,157 435,225
Bayerische Motoren Werke AG 4.50 08/11/2030 4.50 % 8/11/2030 873,264 892,921
U.S. Treasury Note/Bond 3.875 08/31/2032 3.88 % 8/31/2032 700,607 707,996
U.S. Treasury Note/Bond 3.375 09/15/2028 3.38 % 9/15/2028 2,834,367 2,851,281
U.S. Treasury Note/Bond 3.75 10/31/2032 3.75 % 10/31/2032 2,151,723 2,141,672
Meta Platforms, Inc. 4.20 11/15/2030 4.20 % 11/15/2030 424,157 427,919
Total Reinsurance Group of America Contract No. RGA00084 $ 167,640,942
Voya Retirement Ins & Annuity Co 60266
1-3 Year Credit Bond Index Fund 257,351 $ 3,832,415
Asset-Backed Securities Index Fund 721,619 30,618,318
Commercial Mortgage-Backed Securities Index Fund 338,887 11,958,835
GOV1-3A (#101089) 193,841 26,804,988
Intermediate Government Bond Index Fund 355,884 17,699,399
Intermediate Term Credit Bond Index Fund 892,442 62,171,448
Mortgage-Backed Securities (MBS) Index Fund 663,920 38,214,973
Total Voya Retirement Ins & Annuity Co 60266 $ 191,300,376
Total Synthetic guaranteed investment contracts $ 783,920,038
Total investments $ 26,140,071,239
* Participant loans
4.25% to 10.25%
$0 $ 230,107,379
Other investment liabilities
Payable in Brazil Real $ (1,411)
Payable in Canadian Dollar (3,956)
Payable in Czech Koruna (1,748)
Payable in Euro (97,196)
Payable in Japanese Yen (24,951)
Payable in Pound Sterling (23,520)
Payable in Swedish Krona (49,376)
Payable in U.S. Dollar (209,422)
Total Other investment liabilities $ (411,580)
Totals $ 26,369,767,038
*Party-in-interest, as defined by ERISA
**The cost of participant-directed investments is not required to be disclosed
See accompanying Report of Independent Registered Public Accounting Firm
62
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Citi Retirement Savings Plan
By: /s/ Sara Wechter
Sara Wechter
Human Resources Officer
Date: June 25, 2026
63
EXHIBIT INDEX
Exhibit
Number
Description of Exhibit
23.1*
Consent of KPMG LLP
______________________
* Filed herewith.
64
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