| Schedule of investments |
The following presents the Master Trust’s investments and the Plan’s interest in Master Trust, at fair value, at December 31 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | | Master
Trust
Balance | | Plan’s
Interest in
Master Trust
Balance | | Master
Trust
Balance | | Plan’s
Interest in
Master Trust
Balance | | Collective Trust Funds | | $ | 4,503,842 | | | $ | 400,221 | | | $ | 3,941,764 | | | $ | 343,532 | | | Short-Term Investment Funds | | 607,596 | | | 33,220 | | | 224,827 | | | 34,038 | | | Corning Common Stock | | 487,273 | | | 102,651 | | | 310,647 | | | 67,246 | | | Preferred Stock | | 387 | | | 387 | | | 387 | | | 387 | | | | 5,599,098 | | | 536,479 | | | 4,477,625 | | | 445,203 | | | | | | | | | | | | Receivable from Securities Sold, Dividends, and Other | | 13,506 | | | 1,395 | | | 9,881 | | | 1,329 | | | Accrued Investment Manager Fees | | (3) | | | (3) | | | (50) | | | (35) | | | | $ | 5,612,601 | | | $ | 537,871 | | | $ | 4,487,456 | | | $ | 446,497 | |
Investment income of the Master Trust for the year ended December 31, 2025 is as follows (in thousands): | | | | | | | | | | | | Master Trust | | Net appreciation in fair value of investments | | $ | 916,651 | | | Interest and dividends | | 16,521 | | | Total investment income | | $ | 933,172 | |
|