| Investments measured at fair value and net appreciation (depreciation) in the fair value of investments |
Investments measured at fair value: | | | | | | | | | | | | | December 31, | | 2025 | | 2024 | | Omnicom Group Inc. Common Stock | $ | 91,266,320 | | | $ | 102,272,331 | | | Spartan 500 Index Pool Class D | 707,678,562 | | | 661,722,526 | | | | | | | Fidelity Contrafund Commingled Pool Class F | 555,208,474 | | | 511,152,193 | | | | | | | JPMCB Large Cap Growth CF-A Class | 266,542,693 | | | 259,636,627 | | | T. Rowe Price Institutional Large Cap Value Fund | 159,748,079 | | | 162,743,008 | | | Fidelity Diversified International Commingled Pool Class C | 180,668,875 | | | 153,771,132 | | | AB Discovery Value Fund Class Z | 114,897,285 | | | 130,774,077 | | | William Blair Small-Mid Cap Growth CIT | 108,415,604 | | | 125,132,900 | | | PIMCO Total Return Fund Institutional Class | 107,877,219 | | | 103,884,862 | | | Vanguard FTSE Social Index Fund IS | 75,878,288 | | | 69,692,745 | | | State Street U.S. Bond Index Fund Class XIV | 33,975,884 | | | 24,887,631 | | | State Street Global All Cap Equity Ex-U.S. Index Fund Class II | 34,019,458 | | | 19,147,439 | | | State Street Russell Small/Mid Cap Index Fund Class II | 41,406,775 | | | 36,091,574 | | | Fidelity Freedom Blend Income Commingled Pool Class T/Retirement Fund | 11,368,039 | | | 10,152,441 | | | | | | | Fidelity Freedom Blend 2010 Commingled Pool Class T | 7,065,617 | | | 6,322,733 | | | Fidelity Freedom Blend 2015 Commingled Pool Class T | 10,047,845 | | | 9,910,597 | | | Fidelity Freedom Blend 2020 Commingled Pool Class T | 30,242,395 | | | 33,240,211 | | | Fidelity Freedom Blend 2025 Commingled Pool Class T | 86,925,940 | | | 87,050,854 | | | Fidelity Freedom Blend 2030 Commingled Pool Class T | 157,927,279 | | | 149,037,005 | | | Fidelity Freedom Blend 2035 Commingled Pool Class T | 280,083,679 | | | 240,731,405 | | | Fidelity Freedom Blend 2040 Commingled Pool Class T | 333,908,504 | | | 281,108,386 | | | Fidelity Freedom Blend 2045 Commingled Pool Class T | 356,931,206 | | | 293,645,061 | | | Fidelity Freedom Blend 2050 Commingled Pool Class T | 395,942,381 | | | 329,621,593 | | | Fidelity Freedom Blend 2055 Commingled Pool Class T | 329,129,549 | | | 255,551,019 | | | Fidelity Freedom Blend 2060 Commingled Pool Class T | 190,536,326 | | | 144,257,385 | | | Fidelity Freedom Blend 2065 Commingled Pool Class T | 50,445,600 | | | 33,031,153 | | | Fidelity Freedom Blend 2070 Commingled Pool Class T | 1,111,463 | | | 46 | | | Fidelity Government Money Market Fund | 1,448,155 | | | 999,832 | | | $ | 4,720,697,494 | | | $ | 4,235,568,766 | |
The net appreciation (depreciation) in the fair value of investments: | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | Omnicom Group Inc. Common Stock | $ | (6,430,333) | | | $ | 256,553 | | | Spartan 500 Index Pool Class D | 112,515,534 | | | (22,968,250) | | | Fidelity 500 Index Fund | — | | | 152,459,323 | | | Fidelity Contrafund Commingled Pool Class F | 108,031,600 | | | (21,771,992) | | | Fidelity Contrafund Commingled Pool Class D | — | | | 162,976,569 | | | JPMCB Large Cap Growth CF-A Class | 34,654,258 | | | 66,844,001 | | | T. Rowe Price Institutional Large Cap Value Fund | (428,827) | | | 4,983,480 | | | Fidelity Diversified International Commingled Pool Class C | 42,114,722 | | | 10,608,980 | | | AB Discovery Value Fund Class Z | (3,996,918) | | | (4,907,759) | | | William Blair Small-Mid Cap Growth CIT | 300,147 | | | 13,502,174 | | | PIMCO Total Return Fund Institutional Class | 4,583,103 | | | (2,113,251) | | | Vanguard FTSE Social Index Fund IS | 10,844,179 | | | 14,377,290 | | | State Street U.S. Bond Index Fund Class XIV | 1,921,554 | | | 308,559 | | | State Street Global All Cap Equity Ex-U.S. Index Fund Class II | 7,048,715 | | | 964,563 | | | State Street Russell Small/Mid Cap Index Fund Class II | 4,549,150 | | | 5,019,805 | | | Fidelity Freedom Blend Income Commingled Pool Class T/Retirement Fund | 1,058,703 | | | 371,296 | | | Fidelity Freedom Blend 2005 Commingled Pool Class T | — | | | 39,862 | | | Fidelity Freedom Blend 2010 Commingled Pool Class T | 686,914 | | | 448,720 | | | Fidelity Freedom Blend 2015 Commingled Pool Class T | 1,206,753 | | | 619,962 | | | Fidelity Freedom Blend 2020 Commingled Pool Class T | 4,261,738 | | | 2,479,985 | | | Fidelity Freedom Blend 2025 Commingled Pool Class T | 12,944,451 | | | 6,936,287 | | | Fidelity Freedom Blend 2030 Commingled Pool Class T | 24,576,443 | | | 12,630,081 | | | Fidelity Freedom Blend 2035 Commingled Pool Class T | 45,086,436 | | | 22,130,547 | | | Fidelity Freedom Blend 2040 Commingled Pool Class T | 59,378,603 | | | 32,272,378 | | | Fidelity Freedom Blend 2045 Commingled Pool Class T | 66,787,763 | | | 34,587,294 | | | Fidelity Freedom Blend 2050 Commingled Pool Class T | 74,940,280 | | | 38,826,659 | | | Fidelity Freedom Blend 2055 Commingled Pool Class T | 60,403,604 | | | 29,105,586 | | | Fidelity Freedom Blend 2060 Commingled Pool Class T | 34,551,512 | | | 15,638,293 | | | Fidelity Freedom Blend 2065 Commingled Pool Class T | 8,751,915 | | | 2,991,776 | | | Fidelity Freedom Blend 2070 Commingled Pool Class T | 96,950 | | | — | | | | | | | $ | 710,438,949 | | | $ | 579,618,771 | |
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