| Schedule of Net Assets of Master Trust and Plans' Interest |
The following table sets forth the net assets of the Master Trust and the Plans’ interest in the net assets of the Master Trust as of December 31, 2025:
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Hourly
Plan |
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Salaried
Plan |
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Master
Trust |
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Master Trust Net Assets |
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Investments at fair value |
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Alcoa Corporation Stock Fund |
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$ |
4,908,261 |
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$ |
9,175,589 |
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|
$ |
14,083,850 |
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Shares of Registered Investment Companies |
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|
164,861,080 |
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|
|
295,444,603 |
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|
|
460,305,683 |
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Commingled trusts |
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|
61,237,452 |
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|
|
89,121,472 |
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|
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150,358,924 |
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Self-directed brokerage accounts |
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|
6,503,446 |
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|
|
18,073,166 |
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|
|
24,576,612 |
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Total investments at fair value in Savings Plans Master Trust for Alcoa USA Corporation |
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237,510,239 |
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|
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411,814,830 |
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649,325,069 |
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Investment contracts at contract value |
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23,141,275 |
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28,919,479 |
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|
|
52,060,754 |
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Total value of interest in Savings Plans Master Trust for Alcoa USA Corporation |
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$ |
260,651,514 |
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$ |
440,734,309 |
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$ |
701,385,823 |
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The following table sets forth the net assets of the Master Trust and the Plans’ interest in the net assets of the Master Trust as of December 31, 2024:
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Hourly
Plan |
|
|
Salaried
Plan |
|
|
Master
Trust |
|
Master Trust Net Assets |
|
|
|
|
|
|
|
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Investments at fair value |
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|
|
|
|
|
|
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Alcoa Corporation Stock Fund |
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$ |
4,435,218 |
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|
$ |
6,957,414 |
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|
$ |
11,392,632 |
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Shares of Registered Investment Companies |
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|
130,413,866 |
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|
|
275,950,902 |
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|
|
406,364,768 |
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Commingled trusts |
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|
72,465,064 |
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|
|
91,953,941 |
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|
|
164,419,005 |
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Self-directed brokerage accounts |
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|
6,813,070 |
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|
|
15,823,007 |
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|
|
22,636,077 |
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Total investments at fair value in Savings Plans Master Trust for Alcoa USA Corporation |
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|
214,127,218 |
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|
|
390,685,264 |
|
|
|
604,812,482 |
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Investment contracts at contract value |
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|
26,650,341 |
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|
|
31,782,908 |
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|
|
58,433,249 |
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Total value of interest in Savings Plans Master Trust for Alcoa USA Corporation |
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$ |
240,777,559 |
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$ |
422,468,172 |
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$ |
663,245,731 |
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For the year ended December 31, 2025, the Master Trust investments (including gains and losses on investments bought and sold, as well as held during the year) increased in value as follows:
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Net investment income from Master Trust investments |
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Net investment income |
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Alcoa Corporation Stock Fund (includes $13,991 gain from common collective trusts) |
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$ |
5,102,631 |
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Shares of Registered Investment Companies |
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|
63,747,130 |
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Self-directed brokerage accounts |
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|
4,136,642 |
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Commingled trusts |
|
|
21,547,596 |
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|
|
|
94,533,999 |
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Interest |
|
|
1,765,308 |
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Registered Investment Companies dividends |
|
|
8,846,047 |
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Alcoa Corporation stock dividends |
|
|
132,787 |
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Self-directed brokerage accounts dividends |
|
|
317,069 |
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Net investment income from Savings Plans Master Trust for Alcoa USA Corporation investments |
|
$ |
105,595,210 |
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