| Schedule of Fair Value and NAV |
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | | WaFd, Inc. common stock | | $ | 6,303,914 | | | $ | — | | | $ | — | | | $ | 6,303,914 | | | Mutual funds | | 223,721,255 | | | — | | | — | | | 223,721,255 | | | Total investments in the fair value hierarchy | | $ | 230,025,169 | | | $ | — | | | $ | — | | | $ | 230,025,169 | | | | | | | | | | | | Collective trust investments measured at net asset value | | | | | | | | $ | 14,072,623 | | | | | | | | | | | | Total investments at fair value | | | | | | | | $ | 244,097,792 | |
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | | WaFd, Inc. common stock | | $ | 6,887,208 | | | $ | — | | | $ | — | | | $ | 6,887,208 | | | Mutual funds | | 199,580,124 | | | — | | | — | | | 199,580,124 | | | Total investments in the fair value hierarchy | | $ | 206,467,332 | | | $ | — | | | $ | — | | | $ | 206,467,332 | | | | | | | | | | | | Collective trust investments measured at net asset value | | | | | | | | $ | 18,739,472 | | | | | | | | | | | | Total investments at fair value | | | | | | | | $ | 225,206,804 | |
A summary of the Plan's investments at December 31, 2025 and 2024, where fair value is estimated based on the NAV is presented below:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Collective Trust Investment | | 2025 Fair Value | | 2024 Fair Value | | Unfunded Commitment | | Redemption Frequency | | Redemption Restrictions | | Notice Period | | Clearbridge Large Cap Growth Fund | | $ | 6,906,581 | | | $ | 11,195,315 | | | — | | | Daily | | * | | 5 business days | | BlackRock Mid Cap Growth Fund | | — | | | 2,014,690 | | | — | | | Daily | | * | | 5 business days | | T.Rowe Price Stable Value Fund | | 7,166,042 | | | 5,529,467 | | | — | | | Daily | | n/a | | 12 months | | | 14,072,623 | | | 18,739,472 | | | | | | | | | |
* Notice is required for trades over $1,000,000
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