Company: BK-PK
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001390777-25-000094
Chunk: 14

Company: Bank of New York Mellon Corp
Filing Date: 2025-06-26
Form: 11-K
Chunk 14
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 -25,852,313 |      |
| Net change in net assets available for plan benefits per the Master Trust’s Form 5500                         |     | $                       | 933,544,851 |      | $ | 1,435,813,981 |      |

Fully Benefit-Responsive Investment Contracts, at Contract Value

The Actively Managed Funds investment tier includes an option to invest in a stable value investment product. This product is managed as a separate account that holds a portfolio of investment contracts comprised of synthetic and traditional investment contracts. These contracts meet the fully benefit-responsive investment contract criteria and therefore are reported at contract value. Contract value is the relevant measurement for fully benefit-responsive investment contracts, as contract value is the amount participants will receive if they were to initiate permitted transactions. Contract value represents contributions and earnings, less benefits paid to participants and administrative expenses.

Certain events could limit the ability of the Plan to transact at contract value with the issuer. Such events include the following: (i) amendments to the Plan documents (including complete or partial Plan termination); (ii) changes to the Plan’s prohibition on competing investment options or deletion of equity wash provisions; (iii) bankruptcy of the Plan sponsor or other Plan sponsor events (e.g. divestitures or spin-offs of a subsidiary) which cause a significant withdrawal from the Plan; or (iv) the failure of the Master Trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA. Such events that would limit the Plan’s ability to transact at contract value with participants are not probable of occurring.

The investment contracts held by the Master Trust generally consists of the following guaranteed investment contracts (“GICs”).

| GICs at contract value       |     | December 31, |             | 2024 |     |   |             | 2023 |
|:-----------------------------|:----|:-------------|------------:|:-----|:----|:--|------------:|:-----|
| Synthetic GICs               |     | $            | 288,540,011 |      |     | $ | 331,515,317 |      |
| Traditional GICs             |     |              |  37,561,715 |      |     |   |  41,495,850 |      |
| Total GICs at contract value |     | $            | 326,101,726 |      |     | $ | 373,011,167 |      |

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