Company: IR
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001628280-25-032871
Chunk: 8

Company: Ingersoll Rand Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 8
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 net appreciation (depreciation) in the fair value of investments, investment income and administrative expenses for the Master Trust for the years ended December 31, 2024 and 2023:

|                                                              |     | For the year ended December 31, |        2024 |     |   |        2023 |
|:-------------------------------------------------------------|:----|:--------------------------------|------------:|:----|:--|------------:|
| Investment Income                                            |     |                                 |             |     |   |             |
| Net appreciation (depreciation) in fair value of investments |     | $                               | 200,540,174 |     | $ | 223,441,547 |
| Dividends and interest                                       |     |                                 |  10,013,959 |     |   |   6,829,159 |
| Total Investment Income                                      |     | $                               | 210,554,133 |     | $ | 230,270,706 |
| Administrative expenses                                      |     | $                               |     607,302 |     | $ |     685,525 |

Note 4. Fair Value Measurements of the Master Trust

The Master Trust utilizes an established framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under are described below:

Level 1: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Master Trust has the ability to access.

Level 2: Inputs to the valuation methodology include:

• Quoted prices for similar assets or liabilities in active markets;

• Quoted prices for identical or similar assets or liabilities in inactive markets;

• Inputs other than quoted prices that are observable for the asset or liability;

• Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that