| Schedule of Fair Values of Investments and Other Assets and Liabilities of the Master Trust |
The following table presents the fair values of investments
and other assets and liabilities of the Master Trust, and the Plan’s interest in the Master Trust, as of December 31, 2025 and 2024:
| | |
December
31, 2025 | | |
December
31, 2024 | |
| | |
| | |
Plan’s Interest | | |
| | |
Plan’s Interest | |
| | |
Master
Trust
Balances | | |
in
Master
Trust Balances | | |
Master
Trust
Balances | | |
in
Master
Trust Balances | |
| Investments at fair value: | |
| |
| Mutual funds | |
$ | 492,178,626 | | |
$ | 477,607,770 | | |
$ | 420,451,141 | | |
$ | 408,185,999 | |
| Diageo common stock fund | |
| 7,178,745 | | |
| 7,028,436 | | |
| 11,048,269 | | |
| 10,871,556 | |
| Money market funds | |
| 21,576,089 | | |
| 20,731,955 | | |
| 19,461,529 | | |
| 18,725,767 | |
| Master Trust Net Assets, at fair value | |
$ | 520,933,460 | | |
$ | 505,368,161 | | |
$ | 450,960,939 | | |
$ | 437,783,322 | |
Investment income of the Master Trust
for the year ended December 31, 2025 is as follows:
| Net appreciation in fair value of investments | |
$ | 63,862,884 | |
| Interest and dividends | |
| 14,161,694 | |
| Total investment income | |
$ | 78,024,578 | |
|
| Schedule of Master Trust’s Assets at Fair Value |
The following table sets forth
by level, within the fair value hierarchy, the Master Trust’s assets at fair value:
| | |
Master Trust assets at
fair value as of
December 31, 2025 | |
| | |
Level 1 | | |
Total | |
| Mutual funds | |
$ | 492,178,626 | | |
$ | 492,178,626 | |
| Money market funds | |
| 21,576,089 | | |
| 21,576,089 | |
| Diageo common stock fund | |
| 7,178,745 | | |
| 7,178,745 | |
| | |
$ | 520,933,460 | | |
$ | 520,933,460 | |
| | |
Master Trust assets at
fair value as of
December 31, 2024 | |
| | |
Level 1 | | |
Total | |
| Mutual funds | |
$ | 420,451,141 | | |
$ | 420,451,141 | |
| Money market funds | |
| 19,461,529 | | |
| 19,461,529 | |
| Diageo common stock fund | |
| 11,048,269 | | |
| 11,048,269 | |
| | |
$ | 450,960,939 | | |
$ | 450,960,939 | |
|