Company: KHC
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001637459-25-000118
Chunk: 14

Company: Kraft Heinz Co
Filing Date: 2025-06-23
Form: 11-K
Chunk 14
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 net asset value and the fair value-based net asset value of the fund, the Trustee may determine that continued issuance or redemption at a constant $1.00 per unit net asset value would create inequitable results for the fund’s unit holders. In these circumstances, the Trustee, in its sole discretion and acting on behalf of the fund’s unit holders, may direct that units be issued or redeemed at the fair value-based net asset value until such time as the disparity between the fair value-based and the constant net asset value per unit is deemed to be immaterial. The short-term investments are designed to provide safety of principal, daily liquidity, and a competitive yield by investing in government fixed income and money market instruments.

Collective Trusts: The fair values of participation units held in collective trusts are based on their net asset values, as reported by the managers of the collective trusts and as supported by the unit prices of actual purchase and sale transactions occurring as of, or close to, the financial statement date. The fair value of these investments measured at net asset value is excluded from the fair value hierarchy. The investment objectives and underlying investments of the collective trusts vary. The investments provide daily redemptions by the Plan with no advance notice requirements and have redemption prices that are determined by the fund’s net asset value per unit as of the redemption date.

Assets of the Master Trust that are measured at fair value on a recurring basis as of December 31, 2024 and December 31, 2023 are summarized below (in thousands):

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NOTES TO THE FINANCIAL STATEMENTS</div>

|                                                     |     | Investment Assets at Fair Value as of December 31, 2024 |         |     |         |   |     |         |   |     |       |           |
|:----------------------------------------------------|:----|:--------------------------------------------------------|--------:|:----|:--------|:--|:----|:--------|:--|:----|:------|----------:|
|                                                     |     | Level 1                                                 |         |     | Level 2 |   |     | Level 3 |   |     | Total |           |
| Registered investment companies                     |     | $                                                       |  86,313 |     | $       | — |     | $       | — |     | $     |    86,313 |
| Common stocks                                       |     |                                                         |  85,870 |     |         | — |     |         |