| Schedule of Information about Master Trust |
Assets and investment income of the Master Trust consist of:
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As of December 31, |
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2025 |
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2024 |
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(Thousands) |
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Investments of Master Trust at Fair Value: |
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Mutual Funds |
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$ |
72,250 |
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$ |
114,616 |
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Collective Investment Trusts |
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755,688 |
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586,491 |
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Commingled Bonds |
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13,732 |
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12,349 |
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Common Stock of PSEG* |
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12,977 |
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13,270 |
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Total Investments |
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$ |
854,647 |
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$ |
726,726 |
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* Permitted party-in-interest transactions.
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For the Year Ended |
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December 31, 2025 |
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(Thousands) |
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Investment Income of Master Trust: |
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Net Appreciation in Fair Value of Mutual Funds |
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$ |
11,614 |
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Net Appreciation in Fair Value of Collective Investment Trusts |
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103,436 |
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Net Appreciation in Fair Value of Commingled Bonds |
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920 |
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Net Depreciation in Fair Value of Common Stock of PSEG* |
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(633 |
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Dividends from Common Stock of PSEG* |
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408 |
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Total Investment Income, Net |
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$ |
115,745 |
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* Permitted party-in-interest transactions. The changes in net assets of the Master Trust for the year ended December 31, 2025 are summarized as follows:
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(Thousands) |
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Changes in Net Assets: |
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Net Appreciation of Investments |
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$ |
115,337 |
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Dividends from Common Stock of PSEG* |
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408 |
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Net Investment Income, Net |
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115,745 |
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Administrative Expenses |
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(274 |
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Net Transfers |
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12,450 |
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Increase in Net Assets |
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127,921 |
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Net Assets: |
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Beginning of Year |
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726,726 |
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End of Year |
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$ |
854,647 |
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* Permitted party-in-interest transactions. As of December 31, 2025 and 2024, the Plan’s interests in the assets of the Master Trust were as follows:
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As of December 31, |
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2025 |
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2024 |
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(Thousands) |
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Plan Interest in Master Employee Benefit Plan Trust: |
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Mutual Funds |
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$ |
45,207 |
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$ |
67,355 |
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Collective Investment Trusts |
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371,178 |
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299,127 |
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Commingled Bonds |
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4,918 |
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4,878 |
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Common Stock of PSEG* |
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4,513 |
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4,267 |
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Total Investments |
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$ |
425,816 |
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$ |
375,627 |
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* Permitted party-in-interest transactions.
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