| Schedule of Master Trust Balances |
The following table presents the Master Trust balances and the Plans' interest in the Master Trust balances as of December 31, 2025 and 2024:
| | | | | | | | | | | | | December 31, 2025 | | Master Trust | Salaried Plan Interest in Master Trust Balances | Hourly Plan Plan Interest in Master Trust Balances | | Investment securities at fair value: | | | | | ADM and other common stock | $ | 301,444,591 | | $ | 226,847,905 | | $ | 74,596,686 | | | Mutual funds | 199,559,176 | | 170,672,201 | | 28,886,975 | | | Common collective trust funds | 2,592,308,159 | | 1,987,739,267 | | 604,568,892 | | | 3,093,311,926 | | 2,385,259,373 | | 708,052,553 | | | | | | | Investment in synthetic contract at contract value | 186,619,618 | | 141,062,145 | | 45,557,473 | | | $ | 3,279,931,544 | | $ | 2,526,321,518 | | $ | 753,610,026 | |
| | | | | | | | | | | | | December 31, 2024 | | Master Trust | Salaried Plan Interest in Master Trust Balances | Hourly Plan Plan Interest in Master Trust Balances | | Investment securities at fair value: | | | | | ADM and other common stock | $ | 281,573,085 | | $ | 211,281,429 | | $ | 70,291,656 | | | Mutual funds | 484,280,708 | | 420,395,306 | | 63,885,402 | | | Common collective trust funds | 1,977,184,661 | | 1,491,654,830 | | 485,529,831 | | | 2,743,038,454 | | 2,123,331,565 | | 619,706,889 | | | | | | | Investment in synthetic contract at contract value | 211,500,496 | | 161,269,314 | | 50,231,182 | | | $ | 2,954,538,950 | | $ | 2,284,600,879 | | $ | 669,938,071 | |
5. Master Trust Investment Information (continued)
Summarized financial information with respect to the Master Trust’s net investment income is as follows for the years ended December 31, 2025 and 2024:
| | | | | | | | | | Year Ended December 31 | | 2025 | 2024 | | Net appreciation in fair value of investments | $ | 384,510,720 | | $ | 147,102,762 | | | Dividend and interest income | 65,482,408 | | 59,549,156 | | | Total investment gain | $ | 449,993,128 | | $ | 206,651,918 | |
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| Schedule of Master Trust Balances |
The following table presents the Master Trust balances and the Plans' interest in the Master Trust balances as of December 31, 2025 and 2024:
| | | | | | | | | | | | | December 31, 2025 | | Master Trust | Salaried Plan Interest in Master Trust Balances | Hourly Plan Plan Interest in Master Trust Balances | | Investment securities at fair value: | | | | | ADM and other common stock | $ | 301,444,591 | | $ | 226,847,905 | | $ | 74,596,686 | | | Mutual funds | 199,559,176 | | 170,672,201 | | 28,886,975 | | | Common collective trust funds | 2,592,308,159 | | 1,987,739,267 | | 604,568,892 | | | 3,093,311,926 | | 2,385,259,373 | | 708,052,553 | | | | | | | Investment in synthetic contract at contract value | 186,619,618 | | 141,062,145 | | 45,557,473 | | | $ | 3,279,931,544 | | $ | 2,526,321,518 | | $ | 753,610,026 | |
| | | | | | | | | | | | | December 31, 2024 | | Master Trust | Salaried Plan Interest in Master Trust Balances | Hourly Plan Plan Interest in Master Trust Balances | | Investment securities at fair value: | | | | | ADM and other common stock | $ | 281,573,085 | | $ | 211,281,429 | | $ | 70,291,656 | | | Mutual funds | 484,280,708 | | 420,395,306 | | 63,885,402 | | | Common collective trust funds | 1,977,184,661 | | 1,491,654,830 | | 485,529,831 | | | 2,743,038,454 | | 2,123,331,565 | | 619,706,889 | | | | | | | Investment in synthetic contract at contract value | 211,500,496 | | 161,269,314 | | 50,231,182 | | | $ | 2,954,538,950 | | $ | 2,284,600,879 | | $ | 669,938,071 | |
5. Master Trust Investment Information (continued)
Summarized financial information with respect to the Master Trust’s net investment income is as follows for the years ended December 31, 2025 and 2024:
| | | | | | | | | | Year Ended December 31 | | 2025 | 2024 | | Net appreciation in fair value of investments | $ | 384,510,720 | | $ | 147,102,762 | | | Dividend and interest income | 65,482,408 | | 59,549,156 | | | Total investment gain | $ | 449,993,128 | | $ | 206,651,918 | |
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