v3.26.1
Master Trust Investments
12 Months Ended
Dec. 31, 2025
EBP 010  
EBP, Master Trust [Line Items]  
Master Trust Investments

NOTE C – MASTER TRUST INVESTMENTS

The Plan's investments are in the Master Trust, which was established for the investment of assets of the Plan and the other Ashland sponsored retirement plans. The Master Trust allocates certain individual assets to each plan participating in the Master Trust arrangement. Therefore, the investment results from certain individual assets of the Plan may not reflect its proportionate interest in the Master Trust.

The following table presents the net assets, including investments, receivables, and liabilities, of the Master Trust and the Plan's interest in the net assets of the Master Trust as of December 31:

 

 

2025

 

 

2024

 

 

Master Trust Balances

 

 

Plan's Interest in Master Trust Balances

 

 

Master Trust Balances

 

 

Plan's Interest in Master Trust Balances

 

Investments, at fair value:

 

 

 

 

 

 

 

 

 

 

 

Ashland Common Stock Fund

 

 

 

 

 

 

 

 

 

 

 

Money Market Fund

$

252

 

 

$

233

 

 

$

397

 

 

$

370

 

Ashland Inc. Common Stock

 

28,860

 

 

 

26,641

 

 

 

38,372

 

 

 

35,711

 

Shares of Registered Investment Companies

 

171,539

 

 

 

145,080

 

 

 

162,677

 

 

 

139,178

 

Common/Collective Trusts

 

1,164,998

 

 

 

1,042,208

 

 

 

1,099,829

 

 

 

990,585

 

Stable Value Fund Money Market Fund

 

3,577

 

 

 

3,199

 

 

 

1,793

 

 

 

1,618

 

Total investments at fair value

 

1,369,226

 

 

 

1,217,361

 

 

 

1,303,068

 

 

 

1,167,462

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments, at contract value:

 

 

 

 

 

 

 

 

 

 

 

Stable Value Fund Investment Contracts

 

125,564

 

 

 

112,312

 

 

 

145,255

 

 

 

131,108

 

Total investments at contract value

 

125,564

 

 

 

112,312

 

 

 

145,255

 

 

 

131,108

 

Net Master Trust assets

$

1,494,790

 

 

$

1,329,673

 

 

$

1,448,323

 

 

$

1,298,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table presents the net appreciation in investments (including gains and losses on investments bought and sold, as well as held during the year) and investment income (expense) in the Master Trust for the year ended December 31:

 

 

2025

 

Net realized and unrealized appreciation in fair value of investments

$

190,665

 

Investment income:

 

 

Dividends

 

13,631

 

Interest

 

3,235

 

 

 

16,866

 

Total

$

207,531