| Summary of Investments at Fair Value and Contract Value and Net Investment Income |
Investments at fair value and contract value of the Master Trust and the Plan’s interest in the Master Trust consisted of the following at December 31:
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2025 |
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2024 |
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Master Trust |
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Plan's Interest
in Master Trust |
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Master Trust |
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Plan's Interest
in Master Trust |
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Investments |
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Mutual funds |
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$ |
391,640,435 |
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$ |
380,472,558 |
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$ |
133,511,483 |
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$ |
130,721,928 |
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Worthington Enterprises common shares |
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13,204,014 |
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12,912,027 |
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10,746,147 |
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10,499,596 |
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Worthington Steel common shares1 |
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- |
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- |
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6,930,870 |
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6,769,469 |
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Common collective trust funds |
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64,185,582 |
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62,927,118 |
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262,849,675 |
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254,608,637 |
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Total investments at fair value |
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469,030,031 |
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456,311,703 |
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414,038,175 |
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402,599,630 |
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Total investments at contract value |
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19,732,667 |
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19,462,633 |
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25,382,333 |
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25,165,507 |
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Total |
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$ |
488,762,698 |
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$ |
475,774,336 |
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$ |
439,420,508 |
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$ |
427,765,137 |
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(1) Effective after the close of business on April 7, 2025, the Company liquidated all remaining balances in the Worthington Steel stock fund. Net investment income of the Master Trust consisted of the following for the years ended December 31:
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2025 |
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2024 |
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Investment income for the Master Trust: |
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Interest and dividend income |
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$ |
13,392,170 |
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$ |
7,276,660 |
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Net appreciation (depreciation) in fair value of investments: |
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Mutual funds and common collective trust funds |
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55,075,357 |
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52,694,519 |
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Worthington Enterprises common shares |
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3,403,225 |
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(4,407,624 |
) |
Worthington Steel common shares |
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(1,707,015 |
) |
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1,809,787 |
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Total investment income |
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$ |
70,163,737 |
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$ |
57,373,342 |
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