The Plan's assets measured at fair value as of December 31, 2025 and 2024 are summarized below:


2025	Total		Level 1		Level 2		Level 3
Mutual funds	$	72,777,042	$	72,777,042	$	—	$	—
Common collective trust funds	728,146,074		—		728,146,074		—
Common collective trust funds measured at net asset value1	354,757,285		—		—		—
Money market funds	17,442,537		17,442,537		—		—
Self-directed brokerage	26,891,469		26,891,469		—		—
The Toro Company Common Stock	185,416,083		185,416,083		—		—
Investments at fair value	$	1,385,430,490	$	302,527,131	$	728,146,074	$	—


2024	Total		Level 1		Level 2		Level 3
Mutual funds	$	75,061,339	$	75,061,339	$	—	$	—
Common collective trust funds	1,013,826,271		—		1,013,826,271		—
Money market funds	23,836,612		23,836,612		—		—
Self-directed brokerage	22,971,773		22,971,773		—		—
The Toro Company Common Stock	216,921,784		216,921,784		—		—
Investments at fair value	$	1,352,617,779	$	338,791,508	$	1,013,826,271	$	—

1 Certain investments that are measured using net asset value per share (or its equivalent) as a practical expedient for fair value have not been classified in the fair value hierarchy.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

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