FirstEnergy Corporation

06/26/2026 | Press release | Distributed by Public on 06/26/2026 12:28

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

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
11-K
For Annual Reports of Employee Stock Purchase, Savings and Similar Plans
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
(Mark One)
{X} ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 31, 2025
OR
{ } TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _________ to __________.
Commission file number 333-21011
A. Full title of the plan and the address of the plan, if different from that of the
issuer named below:
FIRSTENERGY CORP. SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office:
FIRSTENERGY CORP.
341 WHITE POND DRIVE
AKRON, OH 44320
FirstEnergy Corp. Savings Plan
Table of Contents
Page
Report of Independent Registered Public Accounting Firm 1-2
Financial Statements:
Statements of Net Assets Available for Benefits as of
December 31, 2025 and 2024 3
Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 2025 4
Notes to Financial Statements
5-11
Supplemental Schedule:
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
as of December 31, 2025 12-20
Other schedules of additional financial information have been omitted as they are not applicable or are not required based on the disclosure requirements of the Employee Retirement Income Security Act of 1974 and applicable regulations issued by the United States Department of Labor.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Participants and Savings Plan Committee of the
FirstEnergy Corp. Savings Plan
Akron, Ohio
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of FirstEnergy Corp. Savings Plan (the "Plan") as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for purposes of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.
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
1
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.
Supplemental Information
The supplemental information in the accompanying 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.
We have served as the Plan's auditor since 2003.
/s/ BOBER, MARKEY, FEDOROVICH & COMPANY
Cleveland, Ohio
June 26, 2026
2
FirstEnergy Corp. Savings Plan
Statements of Net Assets Available for Benefits
___________________________________________________________________________________________________________________________________________
As of December 31,
2025 2024
Assets
Investments:
Investments, at fair value (see Note 5) $ 3,851,036,292 $ 3,519,948,469
Investments, at contract value (see Note 6) 313,763,273 343,738,308
Total investments 4,164,799,565 3,863,686,777
Receivables:
Accrued interest and dividends 834,266 796,313
Notes receivable from participants 58,601,839 56,461,860
Due from brokers 405,358 582,369
Total receivables 59,841,463 57,840,542
Total assets 4,224,641,028 3,921,527,319
Liabilities
Administrative expenses payable 438,761 456,062
Due to brokers 696,846 2,306,444
Total liabilities 1,135,607 2,762,506
Net assets available for benefits $ 4,223,505,421 $ 3,918,764,813
The accompanying notes are an integral part of these financial statements.
3
FirstEnergy Corp. Savings Plan
Statement of Changes in Net Assets Available for Benefits
___________________________________________________________________________________________________________________________________
For the Year Ended
December 31, 2025
Additions:
Contributions:
Employer $ 40,249,813
Participant 159,459,017
Total contributions 199,708,830
Investment income:
Interest and dividends 63,687,374
Net change in fair value of investments 525,598,139
Total investment income 589,285,513
Interest income on notes receivable from participants 4,477,149
Deductions:
Distributions to participants (485,150,762)
Administrative expenses (3,580,122)
Total deductions (488,730,884)
Increase in net assets available for benefits 304,740,608
Net assets available for benefits, beginning of year 3,918,764,813
Net assets available for benefits, end of year $ 4,223,505,421
The accompanying notes are an integral part of these financial statements.
4
FirstEnergy Corp. Savings Plan
Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________
1.Description of the Plan
The following brief description of the FirstEnergy Corp. Savings Plan (the Plan) is provided for general information purposes only. Participants should refer to the Plan documents for more complete information.
General
The Plan is a defined contribution plan and was established to provide a systematic savings program for eligible employees and to supplement such savings with employer contributions. 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 (IRC).
Administration
FirstEnergy Corp. (FE) is the sponsor of the Plan. The FE Savings Plan Committee is the administrator of the Plan and has responsibility for the day-to-day administration of the Plan. Record keeping with respect to individual participant accounts is maintained by Fidelity Workplace Services, LLC. Plan assets are held in trust under an arrangement with Fidelity Management Trust Company.
Participation
Generally, all full-time and part-time employees of FE's subsidiaries and participating employees not represented by a collective bargaining union are eligible to participate in the Plan. Full-time and part-time employees represented by a labor union may participate to the extent permitted by their respective collective bargaining agreement.
Unless otherwise provided in a collective bargaining agreement, new employees are automatically enrolled in the Plan with a deemed election to contribute, on a pre-tax basis, 6% of eligible earnings for each payroll period with automatic increases of 1% each April until the employee contribution rate reaches 10%. Automatic enrollment and annual increases can be changed by Plan participants at any time. Plan participants who do not make an affirmative election as to the investment of his or her contributions shall have his or her contributions invested in the age appropriate LifePath Portfolio Fund made available to all Plan participants. A LifePath Portfolio Fund is an investment alternative that provides a mixture of fixed income and equity investments that are matched to an individual's age and assumed retirement date.
Contributions
Subject to IRC limitations, the Plan allows each participant to contribute 1% to 75% (unless otherwise provided by a collective bargaining agreement) of their eligible earnings to the Plan through payroll deductions. Participant contributions may be made as before-tax, after-tax or Roth 401(k) contributions (unless otherwise provided by a collective bargaining agreement). During any calendar year in which a participant attains age 50 or older, he or she may elect to make additional pre-tax contributions and/or Roth contributions, called "catch-up" contributions.
Unless otherwise provided in a collective bargaining agreement, FE makes a matching contribution of 50% on the first 6% of eligible compensation contributed by an employee. All employer matching contributions are provided as shares in FE common stock, except for certain IBEW Local 777 participants whose matching contributions are made in cash. Catch-up contributions are not eligible for matching contributions. The number of shares of FE common stock contributed to each participant is based on the market price of FE common stock as of the end of each pay period. Plan participants may diversify matching contributions held in FE common stock at any time, subject to certain limitations.
Participant Accounts
Individual accounts are maintained for each Plan participant. Each participant's account is credited with the participant's contributions, employer matching contributions and earnings. The value of an account is updated each business day and participants are vested in the entire value of their account at all times.
Investments
5
FirstEnergy Corp. Savings Plan
Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________
Participants direct the investment of their contributions and account balances into various investment options including nine LifePath Funds that include a diversified mix of asset classes based on expected retirement dates (commonly referred to as target date funds), fifteen Plan investment options with different objectives covering a range of asset classes and risk levels and a self-managed brokerage account that offers participants the ability to invest in any security listed on the New York Stock Exchange (NYSE), the NYSE MKT LLC (formerly known as the American Stock Exchange or NYSE Amex LLC) or the NASDAQ and a wide range of mutual funds.
The Plan's investment options include a fund of shares of FE common stock, which together with a small portion of cash maintained for liquidity purposes, are recorded on a unit basis. FE's common shares are traded on the NYSE and participation units in the FE Common Stock Fund are valued at the NYSE closing price on the last business day of the plan year. The valuation per share of FE's common stock was $44.77 and $39.78 at December 31, 2025 and 2024, respectively. The valuation per unit of the FE Common Stock Fund was $54.50 and $48.46 at December 31, 2025 and 2024, respectively, due to cash maintained in the fund for liquidity purposes.
Notes Receivable from Participants
Participants may borrow up to 50% of their total account balance, excluding their Roth 401(k) balance, not exceeding $50,000, including loans outstanding and the highest unpaid loan balance over the previous 12 months. The interest rate for new loans is adjusted each quarter to the prime rate plus 1% based on the prime rate on approximately the 15th day of the last month of the preceding quarter. Effective April 1, 2019, the interest rate for new loans will be equal to the prime rate that is published by Reuters on the last day of the month before the start of the calendar quarter in which the loan is approved, plus 1%. The range of interest rates on outstanding loan balances during the year ended December 31, 2025 was 4.25% to 9.75%. Participants may have up to two loans outstanding at one time. The minimum loan amount is $1,000 and must be repaid within 6 to 60 months. If the loan is for the purchase of a principal residence, the loan repayment period can be extended up to 30 years. Principal repayments and payments of interest are credited to the participant's account when made, generally through payroll deduction. If a participant fails to make regularly scheduled payments, the participant has 90 days from the first missed scheduled repayment to pay the full amount in arrears. If full repayment of the amount in arrears doesn't occur, the outstanding balance of the loan will be defaulted and become a taxable distribution to the participant. If an eligible participant elects to take full distribution of their account balance and a loan balance remains, the entire loan balance remaining will be taxable.
Payment of Benefits
Upon termination of service due to disability, retirement or any other reason, a participant may elect to receive the full value or a portion of his or her account, defer payment to a later date (generally, not beyond April 1st of the year following the year the participant reaches age 73) or receive installment payments. In the event of a participant's death, the participant's spouse may elect to withdraw all or a portion of the former participant's account or keep the funds in the Plan in accordance with provisions of the Plan; all other beneficiaries must withdraw or rollover the former participant's account within 180 days. Retired and separated participants with vested balances of $1,000 or less are required to take full distribution of their account.
Subsequent Events
Management evaluated subsequent events for the Plan through June 26, 2026, the date the financial statements were available to be issued.
2.Summary of Significant Accounting Policies
The accompanying financial statements have been prepared on the accrual basis of accounting. Benefits are recorded when paid. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results may differ from these estimates.
The Plan's investments are stated at fair value. Fair value reflects the price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly
6
FirstEnergy Corp. Savings Plan
Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________
transaction between willing market participants on the measurement date. See Note 5 for a discussion of fair value measurements. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of the Plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan.
Notes receivable from participants represent participant loans and are measured at their unpaid principal balance plus any accrued interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. Repayments of principal and interest are recognized in the period in which payroll deductions are processed.
Investment income consists of interest and dividend income. The net change in the fair value of investments consists of realized and unrealized gains and losses on those investments. Dividend income is accrued on the ex-dividend date. Purchases and sales of securities are recorded on a trade-date basis. Realized gains and losses from security transactions are reported based on historical cost.
Expenses for the administration of the Plan are generally paid by the Plan.
3.Recently Adopted Accounting Pronouncements
There are no recent accounting pronouncements not yet adopted which are expected to have a material impact on the Plan.
4.Plan Termination
Although FE has not expressed any intent to do so, it reserves the right to discontinue or terminate the Plan at any time. If the Plan were terminated, in whole or in part, participants would be entitled to withdraw the full value of their accounts, to the extent allowed by law.
5.Investments and Fair Value Measurements
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits.
Authoritative accounting guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy gives the highest priority to Level 1 measurements and the lowest priority to Level 3 measurements.
7
FirstEnergy Corp. Savings Plan
Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________
The three levels of the fair value hierarchy are as follows:
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 for which all significant inputs are observable market data.
Models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic measures.
Level 3 - Valuation inputs are unobservable and significant to the fair value measurement.
The Plan did not hold any Level 3 investments as of December 31, 2025 or 2024, or during the year ended December 31, 2025.
There were no changes in valuation methodologies for assets measured at fair value during 2025.
The following tables set forth, by level within the fair value hierarchy, the fair value of the Plan's investments as of December 31, 2025 and 2024:
December 31, 2025
Level 1 Level 2 Total
Common Collective Trusts - 2,559,288,271 2,559,288,271
FE Common Stock Fund
FE Common Stock 456,541,538 - 456,541,538
Cash and Cash Equivalents - 1,543,395 1,543,395
Total FE Common Stock Fund 456,541,538 1,543,395 458,084,933
Registered Investment Companies 592,790,270 1,030,568 593,820,838
Self-Managed Brokerage Accounts1
- 239,842,250 239,842,250
Total Investments at Fair Value2
$ 1,049,331,808 $ 2,801,704,484 $ 3,851,036,292
1 The brokerage account investments are directed by participants.
2 Values do not include investments at contract value.
8
FirstEnergy Corp. Savings Plan
Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________
December 31, 2024
Level 1 Level 2 Total
Cash and Cash Equivalents $ - $ 15,455 $ 15,455
Common Collective Trusts - 2,257,682,707 $ 2,257,682,707
FE Common Stock Fund
FE Common Stock 415,883,749 - 415,883,749
Cash and Cash Equivalents - 680,470 680,470
Total FE Common Stock Fund 415,883,749 680,470 416,564,219
Registered Investment Companies 628,074,470 2,970,594 631,045,064
Self-Managed Brokerage Accounts1
- 214,641,024 214,641,024
Total Investments at Fair Value 2
$ 1,043,958,219 $ 2,475,990,250 $ 3,519,948,469
1 The brokerage account investments are directed by participants.
2 Values do not include investments at contract value.
6.Fully Benefit-Responsive Investment Contracts
The Plan has an interest in synthetic guaranteed investment contracts (GICs) as part of the Capital Preservation Fund, which is managed by Pacific Investment Management Company (PIMCO).
In accordance with authoritative guidance for defined contribution plans, investment contracts are generally measured at contract value rather than fair value to the extent they are fully benefit-responsive. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants transact with their investment in the Capital Preservation Fund at contract value as determined by the insurers and banks. No valuation reserve in relation to the contract value was deemed necessary. The Statement of Changes in Net Assets Available for Benefits and the Statements of Net Assets Available for Benefits present the synthetic GICs on a contract value basis.
A synthetic investment contract includes a wrapper contract, which is an agreement for the wrap issuer, such as a bank or insurance company, to make payments to the Plan in certain circumstances. The wrapper contract typically includes certain conditions and limitations on the underlying assets owned by the Plan.
The synthetic investment contracts held by the Plan include wrapper contracts that provide a guarantee that the credit rate will not fall below 0%. Cash flow volatility (for example, timing of benefit payments), as well as asset underperformance, can be passed through to the Plan through adjustments to future contract crediting rates. Formulas are provided in each contract that adjusts renewal crediting rates to recognize the difference between the fair value and the book value of the underlying assets. Crediting rates are reviewed monthly for resetting.
Certain events limit the ability of the Plan to transact with the issuer at contract value. These events include closings (location, subsidiary, division), layoffs, Plan termination, bankruptcy or reorganization, corporate merger, early retirement incentive programs or similar events. The Plan Administrator does not believe any such events of the magnitude that would limit the Plan's ability to transact at contract value are probable. The GICs do not permit the issuers to terminate the contracts at an amount other than contract value.
9
FirstEnergy Corp. Savings Plan
Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________
The following represents the disaggregation of contract value between types of investment contracts held by the Plan at December 31, 2025 and 2024:
2025 2024
Short-term investment fund $ 7,235,881 $ 10,697,898
Synthetic GICs 306,527,392 333,040,410
Total Investments at contract value $ 313,763,273 $ 343,738,308
The synthetic GICs are presented on Schedule H, line 4i - Schedule of Assets (Held at End of Year) at fair value as a requirement of Form 5500. The fair value of the synthetic GICs represents the total fair value of the underlying assets plus the wrap value, which is calculated by using the discounted cash flows of the difference between the current wrap fee and the market indication wrap fee.
7.Tax Considerations
The Plan is exempt from federal, state and local income taxes. The Plan obtained its latest favorable determination letter on October 27, 2016, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the IRC. The Plan has been amended since receiving the determination letter. However, the Plan Administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC.
The federal, state and local income tax treatments of distributions from the Plan depend upon when they are made and their form. The withdrawal of the principal amount of a participant's after-tax contribution is not, however, subject to tax. For tax years beginning after December 31, 1986, the Tax Reform Act of 1986 requires that an additional tax of 10% be applied to participant withdrawals from the Plan prior to death, disability, attainment of age 59-1/2 or under certain other limited circumstances. In the case of withdrawal by a participant employed by FE or its consolidated subsidiaries (FirstEnergy) prior to the attainment of age 59-1/2, the excess of the value of the withdrawal over the total amount of the participant's after-tax contributions, is taxable at ordinary income tax rates. The value of FE's common stock withdrawn is considered to be its fair value on the date it is withdrawn.
In the case of a distribution that qualifies as a lump-sum distribution upon a participant's termination of employment with FirstEnergy or after attaining the age of 59-1/2, only the excess of the value of the lump sum distribution over the amount of the participant's after-tax contributions to the Plan (less withdrawals) is taxable at ordinary income tax rates. In determining the value of the lump-sum distribution, the FE common stock distributed in-kind or in cash is measured at fair value on the date it is withdrawn.
The Plan is subject to audits by taxing jurisdictions. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more than likely would not be sustained upon examination by taxing authorities. The Plan Administrator has analyzed the tax positions taken by the Plan, and 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 disclosure in the financial statements.
8.Party-In-Interest Transactions
Certain Plan investments are shares of mutual funds managed by Fidelity Investments. Fidelity Management Trust Company, a related company, is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.
PIMCO is the fund manager of the Capital Preservation Fund and invests in certain investments managed by PIMCO and, therefore, these transactions qualify as party-in-interest transactions.
Certain Plan investments are shares of FE common stock with sales and purchases of the stock commencing on an as-needed basis. The investments and transactions qualify as party-in-interest transactions.
10
FirstEnergy Corp. Savings Plan
Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________
Additionally, the Plan uses the services of other fund managers that are paid directly by the Plan.
All of the above transactions are exempt from the prohibited transaction rules of ERISA.
9.Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits, investment income and interest income on notes receivable per the financial statements to Form 5500 as of December 31, 2025 and 2024, and for the year ended December 31, 2025:
2025 2024
Net assets available for benefits per the financial statements $ 4,223,505,421 $ 3,918,764,813
Adjustment from contract value to fair value for fully-benefit
responsive investment contracts (8,415,744) (20,710,669)
Net assets available for benefits per Form 5500 $ 4,215,089,677 $ 3,898,054,144
Total investment income and interest income on notes receivable
from participants per the financial statements $ 593,762,662
Adjustment from contract value to fair value for fully-benefit
responsive investment contracts 12,294,925
Investment income per Form 5500 $ 606,057,587
11
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost ($) Current Value ($)
* FIRSTENERGY COMMON STOCK FUND FirstEnergy common stock ** 458,084,933
* FIDELITY PURITAN FUND K6 Balanced fund ** 165,667,907
* FIDELITY GOVERNMENT MARKET U.S. government securities ** 57
BLACKROCK ACWI EX US - L International stocks ** 71,734,942
AMERICAN FUNDS EUROPACIFIC GROWTH FUND International stocks ** 73,156,234
BLACKROCK LIFEPATH INDEX RETIREMENT FUND W Blend of stocks, fixed income ** 179,944,216
BLACKROCK LIFEPATH INDEX 2030 FUND W Blend of stocks, fixed income ** 132,971,201
BLACKROCK LIFEPATH INDEX 2035 FUND W Blend of stocks, fixed income ** 109,818,798
BLACKROCK LIFEPATH INDEX 2040 FUND W Blend of stocks, fixed income ** 100,157,612
BLACKROCK LIFEPATH INDEX 2045 FUND W Blend of stocks, fixed income ** 114,209,816
BLACKROCK LIFEPATH INDEX 2050 FUND W Blend of stocks, fixed income ** 150,233,921
BLACKROCK LIFEPATH INDEX 2055 FUND W Blend of stocks, fixed income ** 128,770,323
BLACKROCK LIFEPATH INDEX 2060 FUND W Blend of stocks, fixed income ** 88,642,514
BLACKROCK LIFEPATH INDEX 2065 FUND W Blend of stocks, fixed income ** 40,727,825
COLUMBIA DIVIDEND INCOME FUND Equities, fixed income ** 78,630,309
DODGE & COX INTERNATIONAL FUND CLASS X International stocks ** 156,113,789
FIAM CORE PLUS Bonds ** 184,916,769
SELF MANAGED BROKERAGE ACCOUNTS Equities, fixed income ** 239,842,250
US DEBT INDEX FUND M MUTUAL FUND Bonds ** 36,522,774
RUSSELL 2000 INDEX FUND Small cap growth stocks ** 21,445,868
RUSSELL 1000 INDEX FUND Small cap growth stocks ** 127,102,266
MARKET COMPLETION INDEX Blend of large, mid cap and small cap stocks ** 128,690,400
EQUITY INDEX - J Large cap stocks ** 864,768,717
VANGUARD MID CAP VALUE INDEX FUND Mid cap value stocks ** 54,959,383
VICTORY SMALL CAP FUND Small cap value stocks ** 48,338,046
* CAPITAL PRESERVATION FUND TOTAL
STATE STREET STIF Money market fund ** $ 7,235,881
ADVENT HEALTH SYSTEM
Corporate - 2.95%, 2029
** 668,687
AMEREN MISSOURI SEC FU I SR SEC
Corporate - 4.85%, 2041
** 489,359
AMERICAN NATIONAL GF SR SEC 144A
Corporate -4.63%, 2028
** 301,640
AMERIPRISE FINANCIAL INC SR UNSEC
Corporate - 4.50%, 2032
** 1,013,392
AMXCA 2023-2 A
Mortgage -4.80%, 2030
** 1,641,265
ANDREW W MELLON FOUNDATI UNSEC
Corporate - 0.95%, 2027
** 1,340,920
AT&T INC SR UNSEC
Corporate - 2.55%, 2033
** 599,380
AVOLON HOLDINGS FNDG LTD SR UNSEC 144A
Corporate - 4.95%, 2032
** 699,776
BANK 2018-BN12 ASB
Cash Equivalent - 4.17%, 2061
** 569,606
BANK 2019-BN21 ASB
Mortgage - 2.81%, 2052
** 1,103,572
BANK 2020-BN25 A5
Mortgage - 2.65%, 2063
** 932,781
12
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
BANK 2020-BN26 A4 WM29 WC3.5017
Mortgage -2.40%, 2063
** 919,988
BANK OF AMERICA CORP SR UNSEC SOFR
Cash Equivalent - 1.73%, 2027
** 2,130,499
BANK OF AMERICA CORP SR UNSEC SOFR
Cash Equivalent - 1.66%, 2027
** 748,279
BANK5 2025-5YR17 A2
Mortgage - 4.75%, 2058
** 507,698
BANNER HEALTH UNSEC
Corporate - 2.34%, 2030
** 1,411,511
BARCLAYS PLC SR UNSEC
Corporate - 2.65%, 2031
** 649,085
BARCLAYS PLC SR UNSEC SOFR
Corporate - 5.69%, 2030
** 1,679,137
BAYER US FINANCE LLC SR UNSEC 144A
Corporate -6.50%, 2033
** 652,671
BBCMS 2023-C19 A5
Mortgage - 5.45%, 2056
** 1,041,442
BBCMS 2024-5C31 A2 WM29 WC6.6063
Mortgage - 5.14%, 2057
** 514,428
BBCMS 2025-C32 A4
Mortgage -5.43%, 2062
** 525,098
BEIGNET INVESTOR LLC SEC 144A
Corporate - 6.58%, 2049
** 3,393,728
BMARK 2019-B14 ASB
Mortgage - 2.96%, 2062
** 1,071,478
BMARK 2020-B21 A5
Mortgage - 1.98%, 2053
** 1,419,569
BMARK 2025-V18 A3
Mortgage -5.18%, 2058
** 516,778
BMO 2024-5C5 A2
Mortgage -5.46%, 2057
** 618,231
BMO 2024-5C7 A2
Mortgage -5.09%, 2057
** 717,351
BMO 2024-5C8 A2
Mortgage -5.15%, 2057
** 514,095
BNP PARIBAS SR NONPREF 144A SOFR
Corporate - 5.74%, 2035
** 1,062,092
BPCE SA SR NON PREF 144A SOFR
Corporate - 5.94%, 2035
** 1,885,622
CA ST UNIV-D
Municipals -1.69%, 2029
** 1,112,509
CARMX 2022-4 A3
Cash Equivalent - 5.34%, 2027
** 281,163
CARMX 2024-1 A3
Cash Equivalent -4.92%, 2028
** 1,715,408
CASH COLLATERAL CME BOS USD
Cash Equivalent - 3.44%, 2060
** 265,695
CASH COLLATERAL FUT BOS USD
Cash Equivalent -3.44%, 2060
** 647,981
CASH COLLATERAL LCH BOS USD
Cash Equivalent - 3.44%, 2060
** 756,366
CCCIT 2018-A7 A7
Mortgage - 3.96%, 2030
** 2,320,630
CNO GLOBAL FUNDING SR SEC 144A
Corporate - 4.70%, 2030
** 501,995
COMET 2023-A1 A
Cash Equivalent - 4.42%, 2028
** 1,103,213
COMM 2018-COR3 A3 WM28 WC4.57635829
Mortgage -4.23%, 2051
** 987,570
COMM 2019-GC44 ASB
Mortgage -2.87%, 2057
** 1,124,953
CONSTELLATION EN GEN LLC SR UNSEC
Corporate - 5.60%, 2028
** 728,706
COPAR 2023-2 A3
Cash Equivalent -5.82%, 2028
** 640,229
CORNELL UNIVERSITY SR UNSEC
Corporate -4.17%, 2030
** 302,088
CRVNA 2024-P2 A3
Cash Equivalent - 5.33%, 2029
** 543,637
CRVNA 2025-P3 A3
Mortgage -4.04%, 2030
** 1,004,442
CSAIL 2017-CX9 ASB
Cash Equivalent - 3.26%, 2050
** 255,609
DALLAS AREA RAPID TRN
Municipals - 1.35%, 2027
** 95,984
DCENT 2023-A2 A
Cash Equivalent - 4.93%, 2028
** 1,207,395
13
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
DEUTSCHE BANK NY SOFR SR NON-PREF
Corporate - 3.55%, 2031
** 383,309
DEUTSCHE BANK NY SR NON-PREF SOFR
Corporate - 7.15%, 2027
** 1,030,700
DTE ELECT SECUR FND II SR SEC
Corporate - 5.97%, 2033
** 965,618
DTE ELECTRIC CO SEC
Corporate - 3.00%, 2032
** 931,689
EMPIRE DISTRICT BONDCO SEC
Corporate - 4.94%, 2035
** 975,837
ENI SPA SR UNSEC 144A
Corporate - 5.50%, 2034
** 933,037
EQUITABLE FINANCIAL LIFE SEC 144A
Cash Equivalent - 1.30%, 2026
** 1,186,742
EVERSOURCE ENERGY SR UNSEC
Corporate - 4.45%, 2030
** 200,043
FAIRFAX FINL HLDGS LTD SR UNSEC
Corporate - 5.75%, 2035
** 522,182
FED HOME LN BK BD (600MM)
Cash Equivalent - 1.05%, 2026
** 1,776,177
FED HOME LN BK GLBL BD (300MM)
Cash Equivalent - 1.00%, 2026
** 3,451,624
FHLMC DUS #WN-2427
Mortgage - 4.17%, 2028
** 249,293
FHLMC GOLD 30YR #Q3-1614
Mortgage - 3.00%, 2045
** 659,275
FHLMC GOLD 30YR #Q3-3509
Mortgage - 3.00%, 2045
** 213,539
FHLMC GOLD 30YR #Q4-3876
Mortgage - 3.00%, 2046
** 7,399,603
FHLMC GOLD 30YR GNT #G0-8687
Mortgage - 3.50%, 2046
** 973,989
FHLMC GOLD 30YR GNT #G0-8693
Mortgage - 3.50%, 2046
** 24,083
FHLMC GOLD 30YR GNT #G0-8793
Mortgage - 4.00%, 2047
** 86,890
FHLMC GOLD 30YR GNT #G0-8823
Mortgage - 3.50%, 2048
** 390,428
FHLMC GOLD 30YR GNT #G0-8841
Mortgage - 3.50%, 2048
** 107,540
FHLMC GOLD 30YR GNT #G0-8857
Mortgage - 4.00%, 2049
** 462,635
FHMS K065 A1 WM27 WC4.3550
Cash Equivalent - 2.86%, 2026
** 222,848
FHMS K070 A1
Cash Equivalent - 3.03%, 2027
** 928,354
FHR 2739 PG PAC WM33 WC5.552
Mortgage - 5.00%, 2034
** 147,407
FHR 2950 FN SOFR30A+56.448BP
Cash Equivalent - 4.55%, 2035
** 38,678
FHR 3185 GT SEQ WM26 WC6.43
Cash Equivalent - 6.00%, 2026
** 1,875
FHR 3225 HF SOFR30A+62.448BP
Cash Equivalent - 4.61%, 2036
** 59,679
FHR 3311 FN SOFR30A+41.448BP
Cash Equivalent - 4.40%, 2037
** 21,539
FHR 3318 FL SOFR30A+51.448BP
Cash Equivalent - 4.50%, 2037
** 54,716
FHR 3339 FL SOFR30A+69.448BP
Cash Equivalent - 4.68%, 2037
** 65,581
FHR 3355 BF SOFR30A+81.448BP
Cash Equivalent - 4.80%, 2037
** 78,619
FHR 3368 AF SOFR30A+83.448BP
Cash Equivalent - 4.82%, 2037
** 10,013
FHR 3666 FC SOFR30A+84.448BP
Cash Equivalent - 4.83%, 2040
** 37,892
FHR 3699 FD SOFR30A+71.448BP VA
Cash Equivalent - 4.70%, 2040
** 53,206
FHR 3740 DF SOFR30A+59.448BP
Cash Equivalent - 4.58%, 2040
** 158,066
FHR 3743 FA SOFR30A+71.448BP
Cash Equivalent - 4.70%, 2040
** 219,338
FHR 3747 WF SOFR30A+59.448BP VA
Cash Equivalent - 4.58%, 2040
** 226,630
FHR 3751 FG SOFR30A+61.448BP
Cash Equivalent - 4.60%, 2050
** 77,392
FHR 3843 FE SOFR30A+66.448BP
Cash Equivalent - 4.65%, 2041
** 310,097
FHR 3843 FG SOFR30A+66.448BP
Cash Equivalent - 4.65%, 2041
** 310,097
FHR 3977 FB SOFR30A+63.448BP
Cash Equivalent - 4.62%, 2041
** 369,115
14
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
FHR 3984 DF SOFR30A+66.448BP
Cash Equivalent - 4.65%, 2042
** 320,560
FHR 4400 FA SOFR30A+51.448BP
Cash Equivalent - 4.50%, 2041
** 220,968
FHR 4736 CD WM39 WC4.9483
Mortgage - 3.00%, 2046
** 234,431
FHR 4989 FA SOFR30A+46.448BP
Cash Equivalent - 4.49%, 2040
** 88,317
FHR 4989 FB SOFR30A+46.448BP
Cash Equivalent - 4.49%, 2040
** 80,550
FHR 5511 FG SOFR30A+115BP
Cash Equivalent - 5.02%, 2055
** 694,025
FHR 5565 FA SOFR30A+115BP
Cash Equivalent - 5.02%, 2055
** 379,949
FIN FUT SOFR 90DAY CME (WHT) 03/17/26
Future - 0.00%, 2026
** (26,862)
FIN FUT US 10YR CBT 03/20/26
Future - 6.00%, 2026
** 2,406
FIN FUT US 2YR CBT 03/31/26
Future - 6.00%, 2026
** (20,860)
FIN FUT US 30YR CBT 03/20/26
Future - 6.00%, 2026
** 13,125
FIN FUT US 5YR CBT 03/31/26
Future - 6.00%, 2026
** -
FIN FUT US ULTRA 30YR CBT 03/20/26
Future - 6.00%, 2026
** 7,990
FL ST BRD ADMIN FIN-A
Municipals - 5.53%, 2034
** 425,913
FN ARM AL7090 H15T1Y+223.678 9.478
Cash Equivalent - 6.23%, 2037
** 137,246
FNMA PASS THRU 15YR #MA3897
Mortgage - 3.00%, 2035
** 258,907
FNMA PASS THRU 20YR #AL6722
Mortgage - 5.00%, 2030
** 43,782
FNMA PASS THRU 30YR #848210
Mortgage - 5.50%, 2035
** 40,699
FNMA PASS THRU 30YR #884863
Mortgage - 5.50%, 2036
** 24,345
FNMA PASS THRU 30YR #890365
Mortgage - 5.50%, 2041
** 52,036
FNMA PASS THRU 30YR #938504
Mortgage - 5.50%, 2037
** 16,620
FNMA PASS THRU 30YR #BK8819
Mortgage - 4.00%, 2048
** 293,922
FNMA PASS THRU 30YR #FM3241
Mortgage - 3.00%, 2050
** 1,391,562
FNMA PASS THRU 30YR #FS4017
Mortgage - 3.00%, 2052
** 4,389,490
FNMA PASS THRU 30YR #MA4653
Mortgage - 3.00%, 2052
** 1,456,080
FNMA PASS THRU 30YR #SD8245
Mortgage - 4.50%, 2052
** 24,453,732
FNMA PASS THRU 30YR #SD8265
Mortgage - 4.00%, 2052
** 30,451,356
FNMA PASS THRU 30YR #SD8507
Mortgage - 6.00%, 2055
** 991,177
FNMA PASS THRU 30YR #SD8516
Mortgage - 6.00%, 2055
** 4,072,731
FNMA P-T DUS #AN5171
Mortgage - 3.29%, 2027
** 762,502
FNMA P-T DUS #AN8612
Mortgage - 3.29%, 2028
** 724,875
FNMA P-T DUS #AN9215
Mortgage - 3.43%, 2028
** 51,623
FNMA P-T DUS #BL6406
Mortgage - 1.63%, 2027
** (3,692,433)
FNMA P-T DUS #BZ5550
Mortgage - 4.30%, 2032
** 1,320,034
FNMA TBA 6.5% FEB 30YR
Mortgage - 6.50%, 2056
** 4,470,253
FNMA TBA 6.5% JAN 30YR
Mortgage - 6.50%, 2056
** -
FNR 2005-13 FA SOFR30A+56.448BP
Cash Equivalent - 4.44%, 2035
** 86,049
FNR 2006-129 FM SOFR30A+36.448BP
Cash Equivalent - 4.24%, 2037
** 22,650
FNR 2007-109 GF SOFR30A+79.448BP
Cash Equivalent - 4.67%, 2037
** 160,360
15
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
FNR 2007-25 FB SOFR30A+44.448BP
Cash Equivalent - 4.32%, 2037
** 13,350
FNR 2007-27 FA SOFR30A+42.448BP
Cash Equivalent - 4.30%, 2037
** 1,220
FNR 2007-38 FC SOFR30A+53.448BP
Cash Equivalent - 4.41%, 2037
** 55,299
FNR 2007-70 FA SOFR30A+46.448BP
Cash Equivalent - 4.34%, 2037
** 29,289
FNR 2008-12 FA SOFR30A+78.448BP
Cash Equivalent - 4.66%, 2038
** 238,113
FNR 2010-111 FC SOFR30A+63.448BP
Cash Equivalent - 4.51%, 2040
** 32,501
FNR 2010-115 FM SOFR30A+61.448BP
Cash Equivalent - 4.49%, 2040
** 213,019
FNR 2010-117 FE SOFR30A+51.448BP
Cash Equivalent - 4.39%, 2040
** 24,166
FNR 2010-135 LF SOFR30A+56.448BP
Cash Equivalent - 4.44%, 2040
** 96,370
FNR 2015-79 FE SOFR30A+36.448BP
Cash Equivalent - 4.24%, 2045
** 507,471
FNR 2015-87 BF SOFR30A+41.448BP
Cash Equivalent - 4.29%, 2045
** 289,502
FNR 2016-11 CF SOFR30A+46.448BP
Cash Equivalent - 4.34%, 2046
** 591,185
FNR 2016-40 AF SOFR30A+56.448BP
Cash Equivalent - 4.59%, 2046
** 388,413
FNR 2016-64 KF SOFR30A+58.448BP
Cash Equivalent - 4.61%, 2046
** 375,292
FNR 2016-82 FM SOFR30A+51.448BP
Cash Equivalent - 4.54%, 2046
** 535,936
FNR 2016-87 AF SOFR30A+51.448BP
Cash Equivalent - 4.54%, 2046
** 566,223
FNR 2024-104 FA SOFR30A+105BP
Cash Equivalent - 4.92%, 2055
** 410,207
FNR 2025-16 FA SOFR30A+115BP
Cash Equivalent - 5.02%, 2055
** 403,772
FNR 2025-19 FC SOFR30A+116BP
Mortgage - 5.03%, 2055
** 87,166
FORDO 2022-D A4
Cash Equivalent - 5.30%, 2028
** 1,816,553
GA GLOBAL FUNDING TRUST SEC 144A
Corporate - 5.40%, 2030
** 726,925
GLOBAL PAYMENTS INC SR UNSEC SMR
Corporate - 4.88%, 2030
** 703,733
GMALT 2023-3 A4
Cash Equivalent - 5.44%, 2027
** 146,038
GNMA II MULTPL SGL 30YR #MA3105M
Mortgage - 3.50%, 2045
** 906,173
GOLDMAN SACHS GROUP INC SR UNSEC TSFR3M
Corporate - 3.69%, 2028
** 2,988,833
GSMS 2019-GSA1 AAB
Mortgage - 2.99%, 2052
** 1,508,660
HAROT 2024-3 A3
Cash Equivalent - 4.57%, 2029
** 605,094
HART 2023-C A4
Mortgage - 5.55%, 2029
** 1,436,662
HSBC HOLDINGS PLC SR UNSEC SOFR
Corporate - 5.21%, 2028
** 1,026,543
JPMDB 2017-C7 A5 WM27 WC4.2015
Mortgage - 3.41%, 2050
** 1,280,352
JPMORGAN CHASE & CO SR UNSEC SOFR
Corporate - 4.57%, 2030
** 1,520,403
JPMORGAN CHASE & CO SR UNSEC SOFR
Corporate - 1.95%, 2032
** 717,547
JPMORGAN CHASE & CO SR UNSEC TSFR3M
Corporate - 3.78%, 2028
** 1,256,545
KKR GROUP FINAN CO XII 144A SR UNSEC
Corporate - 4.85%, 2032
** 303,223
LA LOCAL GOVT ENVRN-A
Municipals - 4.28%, 2036
** 400,326
LLOYDS BANKING GROUP PLC SR UNSEC
Corporate - 4.55%, 2028
** 510,634
LLOYDS BANKING GROUP PLC SR UNSEC
Corporate - 3.57%, 2028
** 995,101
MASSMUTUAL GLOBAL FUNDIN SR SEC 144A
Corporate - 5.15%, 2029
** 1,240,681
MEXICO GOVT (UMS)
Govt-Non US - 6.00%, 2030
** 213,348
16
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
MIZUHO FINANCIAL GROUP SR UNSEC
Corporate - 2.17%, 2032
** 1,783,330
MORGAN STANLEY SOFR SR UNSEC
Corporate - 2.24%, 2032
** 1,699,060
MORGAN STANLEY SR UNSEC SOFRRATE
Corporate - 5.66%, 2030
** 890,867
MSC 2021-L5 ASB
Mortgage - 2.43%, 2054
** 1,045,802
MSWF 2023-2 A5
Mortgage - 6.01%, 2056
** 1,192,677
NATIONAL SECS CLEARING SR UNSEC 144A
Corporate - 4.70%, 2030
** 410,517
NATWEST GROUP PLC SR UNSEC
Cash Equivalent - 1.64%, 2027
** 494,822
NATWEST GROUP PLC SR UNSEC
Corporate - 4.89%, 2029
** 1,275,740
NLG GLOBAL FUNDING SEC 144A
Corporate - 5.40%, 2030
** 416,070
NORTHWESTERN UNIVERSITY UNSEC
Corporate - 4.94%, 2035
** 614,871
NSTAR ELECTRIC CO SR UNSEC
Corporate - 5.60%, 2028
** 829,593
PACIFIC GAS & ELECTRIC
Corporate - 3.00%, 2028
** 582,419
PACIFIC GAS & ELECTRIC 1ST MTGE
Corporate - 6.10%, 2029
** 636,495
PACIFIC LIFE GF II SEC 144A
Corporate - 4.50%, 2029
** 509,613
PACIFIC LIFE GF II SEC 144A SOFR
Cash Equivalent - 4.40%, 2026
** 702,276
PROTECTIVE LIFE GLOBAL SEC 144A
Corporate - 5.43%, 2032
** 791,279
PROV ST JOSEPH HLTH OBL SR UNSEC
Corporate - 5.40%, 2033
** 1,352,754
RFR USD SOFR/3.29000 03/31/26-4Y* LCH
Interest Rate Swap - 3.29%, 2030
** 29,583
RFR USD SOFR/3.30000 12/02/24-4Y* CME
Interest Rate Swap - 3.30%, 2029
** 19,080
RFR USD SOFR/3.37500 03/31/26-4Y* LCH
Interest Rate Swap - 3.38%, 2030
** 4,109
RFR USD SOFR/3.51042 09/03/24-4Y* LCH
Interest Rate Swap - 3.51%, 2028
** 22,176
RFR USD SOFR/3.51453 09/03/24-4Y* LCH
Interest Rate Swap - 3.51%, 2028
** (6,073)
RFR USD SOFR/3.75000 09/02/25-7Y* LCH
Interest Rate Swap - 3.75%, 2032
** (126,547)
RGA GLOBAL FUNDING SEC 144A
Corporate - 4.60%, 2030
** 1,004,038
SAMMONS FINANCIAL GLOBAL SEC SOFR 144A
Cash Equivalent - 4.66%, 2027
** 905,508
SAN JOSE REDEV-A-T
Municipals - 3.13%, 2028
** 790,114
SANTANDER UK GROUP HLDGS SR UNSEC SOFR
Corporate - 1.67%, 2027
** 1,385,110
SBA TOWER TRUST 144A
Corporate - 6.60%, 2052
** 1,743,413
SCE RECOVERY FUNDING LLC SR SEC A1
Corporate - 4.45%, 2038
** 604,258
SOUTHERN CALIF GAS CO 1ST MTGE
Corporate - 5.45%, 2035
** 418,510
STIF FUND (EUR)
Cash Equivalent - 3.89%, 2030
** 239,486
STIF FUND (EUR) (FIDELITY)
Cash Equivalent - 0.00%, 2030
** 1
STIF FUND (GBP) (FIDELITY)
Cash Equivalent - 0.00%, 2030
** 1
STIF FUND (JPY) (FIDELITY)
Cash Equivalent - 0.00%, 2030
** -
SYNIT 2023-A2 A
Cash Equivalent - 5.74%, 2029
** 1,117,395
SYSTEM ENERGY RESOURCES 1ST MTGE
Corporate - 5.30%, 2034
** 1,014,203
TEXAS ELECTRIC MKT STABL SEC
Corporate - 4.27%, 2036
** 1,041,134
TX NATURAL GAS SECZ
Municipals - 5.10%, 2035
** 951,249
U S TREASURY INFLATE PROT BD
US Treasury - 2.13%, 2035
** 4,437,064
U S TREASURY NOTE
US Treasury - 3.50%, 2030
** 1,488,627
U S TREASURY NOTE
US Treasury - 4.25%, 2035
** 7,117,929
17
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
U S TREASURY NOTE
US Treasury - 3.63%, 2030
** 19,327,179
U S TREASURY REPO
Cash Equivalent - 3.93%, 2026
** 8,000,398
U S TREASURY REPO
Cash Equivalent - 3.84%, 2026
** 46,602,265
UBS GROUP AG SR UNSEC 144A
Corporate - 2.10%, 2032
** 446,037
UBS GROUP AG SR UNSEC 144A SOFR
Corporate - 3.09%, 2032
** 1,038,844
UBSCM 2017-C7 ASB
Cash Equivalent - 3.59%, 2050
** 553,257
UNIV OF CALIFORNIA-BG
Municipals - 1.32%, 2027
** 1,356,278
UPMC SEC
Corporate - 5.04%, 2033
** 615,614
VERIZON COMMUNICATIONS SR UNSEC
Corporate - 5.00%, 2036
** 598,096
VM CASH CCP CME BOS USD
Cash Equivalent - 3.44%, 2060
** 65,453
VM CASH CCP LCH BOS USD
Cash Equivalent - 3.44%, 2060
** 29,944
VM CASH FUT DOM BOS USD
Cash Equivalent - 3.44%, 2060
** 148,608
WELLS FARGO & COMPANY SR UNSEC SOFR
Corporate - 5.50%, 2035
** 3,170,312
WESTERN-SOUTHERN GLOBAL SEC 144A
Corporate - 4.70%, 2032
** 299,287
WFCM 2017-C42 ASB
Cash Equivalent - 3.49%, 2050
** 378,164
WFCM 2018-C44 A5
Mortgage - 4.21%, 2051
** 1,501,774
WISCONSIN ST GEN FUND
Municipals - 1.49%, 2029
** 928,518
WOART 2023-C A4
Mortgage - 5.03%, 2029
** 810,983
Capital Preservation Fund Total $ 305,347,529
ARTISAN MID CAP FUND
BBF STIF MONEY MARKET FUND ** $ 1,030,567
ARES MANAGEMENT CORP CL A COMMON STOCKS ** 1,050,433
ARGENEX SE SPONSORED ADR COMMON STOCKS ** 4,828,735
ARTHUR J GALLAGHAR AND CO COMMON STOCKS ** 497,653
ASCENDIS PHARMA AS SPON ADR COMMON STOCKS ** 4,395,729
ASTERA LABS INC COMMON STOCKS ** 1,286,462
AUTOZONE INC COMMON STOCKS ** 1,431,213
BAKER HUGHES CO COMMON STOCKS ** 2,387,708
BLOOM ENERGY CORP CL A COMMON STOCKS ** 439,663
BWX TECHNOLOGIES INC COMMON STOCKS ** 1,288,695
CARVANA CO CL A COMMON STOCKS ** 1,228,078
CBRE GROUP INC - CL A COMMON STOCKS ** 1,741,034
CCC INTELLIGENT SOLUTIONS HOLD CL A COMMON STOCKS ** 1,006,160
CENCORA INC COMMON STOCKS ** 1,242,582
CLOUDFLARE INC COMMON STOCKS ** 1,098,717
COHERENT CORP COMMON STOCKS ** 1,030,454
COMFORT SYSTEMS USA INC COMMON STOCKS ** 1,879,646
DOORDASH INC COMMON STOCKS ** 2,544,729
EDWARDS LIFESCIENCES CORP COMMON STOCKS ** 475,013
18
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
EQUITY/CONVERTIBLE API GROUP CORP COMMON STOCKS ** 2,137,701
FAIR ISAAC CORP COMMON STOCKS ** 1,191,887
FTAI AVIATION LTD COMMON STOCKS ** 1,207,675
GUIDEWIRE SOFTWARE INC COMMON STOCKS ** 1,200,633
INGERSOLL RAND INC COMMON STOCKS ** 1,017,581
INSMED INC COMMON STOCKS ** 3,843,499
INSULET CORP COMMON STOCKS ** 1,479,469
IRHYTHM TECHNOLOGIES INC COMMON STOCKS ** 1,711,764
L3HARRIS TECHNOLOGIES INC COMMON STOCKS ** 1,678,927
LATTICE SEMICONDUCTOR COMMON STOCKS ** 1,697,270
LIBERTY MEDIA CORP LIBERTY FORMULA ONE C COMMON STOCKS ** 1,951,582
LIVE NATION ENTERTAINMENT INC COMMON STOCKS ** 2,101,875
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC COMMON STOCKS ** 1,043,609
MEDLINE INC COMMON STOCKS ** 670,866
MONGODB INC CL A COMMON STOCKS ** 1,320,345
MONOLITHIC POWER SYS INC COMMON STOCKS ** 1,170,111
PARSONS CORP COMMON STOCKS ** 934,787
PENUMBRA INC COMMON STOCKS ** 719,446
PURE STORAGE INC CL A COMMON STOCKS ** 1,114,376
RBC BEARINGS INC COMMON STOCKS ** 2,250,222
REDDIT INC A COMMON STOCKS ** 1,324,281
ROBINHOOD MARKETS INC COMMON STOCKS ** 829,023
ROBLOX CORP COMMON STOCKS ** 1,760,539
ROKU INC CLASS A COMMON STOCKS ** 524,007
SERVICETITAN INC-A COMMON STOCKS ** 918,669
SHOPIFY INC CL A COMMON STOCKS ** 2,234,747
SOMNIGROUP INTERNATIONAL INC COMMON STOCKS ** 759,505
SPOTIFY TECHNOLOGY SA COMMON STOCKS ** 2,502,860
SYNOPSYS INC COMMON STOCKS ** 975,608
TELEDYNE TECHNOLOGIES INC COMMON STOCKS ** 816,657
TEXAS ROADHOUSE INC COMMON STOCKS ** 619,679
TOPBUILD CORP COMMON STOCKS ** 866,086
TWIST BIOSCIENCE CORP COMMON STOCKS ** 1,003,589
TYLER TECHNOLOGIES INC COMMON STOCKS ** 1,552,055
US FOODS HOLDING CORP COMMON STOCKS ** 1,978,280
VERACYTE INC COMMON STOCKS ** 1,621,692
VIKING HOLDINGS LTD COMMON STOCKS ** 1,595,014
VISTRA CORP COMMON STOCKS ** 744,538
WATERS CORP COMMON STOCKS ** 1,002,371
WAYSTAR HOLDING CORP COMMON STOCKS ** 594,904
WESCO INTERNATIONAL INC COMMON STOCKS ** 950,671
19
FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________
(a) (b) (c) (d) (e)
Identity of issue, borrower, lessor or similar party Description of investment, including maturity date, rate of interest, collateral, par or maturity value Cost Current Value
WEST PHARMACEUTICAL SVCS INC COMMON STOCKS ** 3,090,097
WINGSTOP INC COMMON STOCKS ** 1,300,963
WOODWARD INC COMMON STOCKS ** 2,045,196
XYLEM INC COMMON STOCKS ** 1,507,376
ZSCALER INC COMMON STOCKS ** 1,140,119
Artisan Midcap Investor Fund Total $ 95,585,422
Total Investments 4,156,383,821
*Notes receivable from participants
Loans receivable with repayment interest of 4.25% to 9.75%
$ - 58,601,839
$ 4,214,985,660
* Parties-in-interest
** Information is not required pursuant to Form 5500 instructions
20
EXHIBIT INDEX
FIRSTENERGY CORP. SAVINGS PLAN
Exhibit
Number Description
23.1 Consent of Independent Registered Public Accounting Firm
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Savings Plan Committee, the administrator of the FirstEnergy Corp. Savings Plan, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
FIRSTENERGY CORP.
SAVINGS PLAN
Date: June 26, 2026
By /s/ Ana M. Fluke
Ana M. Fluke
Chairperson
Savings Plan Committee
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