v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 30, 2025
EBP 005  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Measurements Fair Value Measurements
Accounting guidance for the fair value measurement of financial assets and liabilities establishes a 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 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the fair value hierarchy under this guidance are described below:
Basis of Fair Value Measurement:
 Level 1- Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
 
 Level 2- Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly; and
 
 Level 3- Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following tables set forth the Plan’s investment assets measured at fair value as of December 30,
2025 and 2024 within the fair value hierarchy, as well as investment assets measured at net asset value (“NAV”). As required by the accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
Assets at Fair Value as of
December 30, 2025
Level 1Level 2Level 3Total
American States Water Company Common Stock Fund:
Common Stock$25,066,421 $— $— $25,066,421 
PIMCO Money Market Fund795,679 — — 795,679 
Registered Investment Companies:
International Equity Fund4,057,835 — — 4,057,835 
Total investments in fair value hierarchy29,919,935 — — 29,919,935 
Total investments measured at net asset value (a)
— — — 201,007,164 
Investments at fair value$29,919,935 $— $— $230,927,099 
Assets at Fair Value as of
December 30, 2024
Level 1Level 2Level 3Total
American States Water Company Common Stock Fund:
Common Stock$27,486,703 $— $— $27,486,703 
PIMCO Money Market Fund1,137,942 — — 1,137,942 
Registered Investment Companies:
International Equity Funds2,948,424 — — 2,948,424 
Total investments in fair value hierarchy31,573,069 — — 31,573,069 
Total investments measured at net asset value (a)
— — — 174,912,791 
Investments at fair value$31,573,069 $— $— $206,485,860 
(a) In accordance with the accounting guidance on fair value measurement, certain investments that were measured at net asset value per share (or its equivalent practical expedient) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line item Investments at fair value, in the Statement of Net Assets Available for Plan Benefits.
The categorization of debt and equity securities is classified based on the nature and risk of the investment. The Plan’s investments that are measured at fair value on a recurring basis, such as the American States Water Company Common Stock Fund, which includes the money market fund and common stock, and the mutual funds included within the Registered Investment Companies are generally classified within Level 1 of the fair value hierarchy. The fair values of these investments are based on quoted market prices in active markets. The common collective trusts are measured at NAV of the units held. The NAV is used as a practical expedient to estimate fair value. The NAV is based on the fair value of the underlying investments held by the fund less its liabilities. This practical expedient is not used when it is determined to be probable that the fund will sell the investment for an amount different than the reported NAV.
The following tables summarize investments for which fair value is measured using NAV per share:
Investments measured using NAV2025 Fair ValueUnfunded CommitmentRedemption FrequencyRedemption Notice Period
Prudential Core Plus Bond Fund Trust Class 5$4,742,757 N/ADaily1 day
Boston Partners Large Cap Value Equity Collective Trust Fund7,638,361 N/ADaily1 day
Invesco Stable Value Trust Class B111,587,070 N/ADaily12 months
LSV U.S. Small Cap Value Equity Tier 7735,654 N/ADaily1 day
Principal Diversified Real Asset Tier 3865,326 N/ADaily1 day
William Blair Small Mid Cap Growth Fund3,412,146 N/ADaily1 day
State Street Russell Small/Mid Cap Index Fund13,918,043 N/ADaily1 day
State Street U.S. Bond Index NL Series Fund3,532,005 N/ADaily1 day
State Street S&P 500 Index Fund30,138,218 N/ADaily1 day
State Street Global All Cap Equity Ex U.S. Index Fund5,010,090 N/ADaily1 day
Winslow Large Cap Growth Fund23,163,203 N/ADaily1 day
J.P. Morgan US Government Market Fund318,164 N/ADaily1 day
T. Rowe Price Retirement 2005 Fund133,121 N/ADaily1 day
T. Rowe Price Retirement 2010 Fund24,653 N/ADaily1 day
T. Rowe Price Retirement 2015 Fund686,163 N/ADaily1 day
T. Rowe Price Retirement 2020 Fund3,347,932 N/ADaily1 day
T. Rowe Price Retirement 2025 Fund13,740,537 N/ADaily1 day
T. Rowe Price Retirement 2030 Fund14,379,244 N/ADaily1 day
T. Rowe Price Retirement 2035 Fund15,490,167 N/ADaily1 day
T. Rowe Price Retirement 2040 Fund12,075,304 N/ADaily1 day
T. Rowe Price Retirement 2045 Fund10,712,930 N/ADaily1 day
T. Rowe Price Retirement 2050 Fund12,663,643 N/ADaily1 day
T. Rowe Price Retirement 2055 Fund7,181,973 N/ADaily1 day
T. Rowe Price Retirement 2060 Fund3,813,426 N/ADaily1 day
T. Rowe Price Retirement 2065 Fund1,599,999 N/ADaily1 day
T. Rowe Price Retirement 2070 Fund97,035 N/ADaily1 day
Total investments measured using NAV$201,007,164 
Investments measured using NAV2024 Fair ValueUnfunded CommitmentRedemption FrequencyRedemption Notice Period
Prudential Core Plus Bond Fund Trust Class 5$4,841,499 N/ADaily1 day
Boston Partners Large Cap Value Equity Collective Trust Fund6,637,986 N/ADaily1 day
Invesco Stable Value Trust Class B111,421,301 N/ADaily12 months
LSV U.S. Small Cap Value Equity Tier 71,014,352 N/ADaily1 day
Principal Diversified Real Asset Collective Investment Trust Tier 11,209,135 N/ADaily1 day
William Blair Small Mid Cap Growth Fund4,190,657 N/ADaily1 day
State Street Russell Small/Mid Cap Index Fund12,451,733 N/ADaily1 day
State Street U.S. Bond Index NL Series Fund4,125,426 N/ADaily1 day
State Street S&P 500 Index Fund25,334,160 N/ADaily1 day
State Street Global All Cap Equity Ex U.S. Index Fund3,640,128 N/ADaily1 day
Winslow Large Cap Growth Fund20,457,972 N/ADaily1 day
T. Rowe Price Retirement 2005 Fund26,154 N/ADaily1 day
T. Rowe Price Retirement 2010 Fund20,362 N/ADaily1 day
T. Rowe Price Retirement 2015 Fund639,719 N/ADaily1 day
T. Rowe Price Retirement 2020 Fund2,897,676 N/ADaily1 day
T. Rowe Price Retirement 2025 Fund13,519,160 N/ADaily1 day
T. Rowe Price Retirement 2030 Fund11,424,988 N/ADaily1 day
T. Rowe Price Retirement 2035 Fund13,033,053 N/ADaily1 day
T. Rowe Price Retirement 2040 Fund9,882,530 N/ADaily1 day
T. Rowe Price Retirement 2045 Fund8,892,982 N/ADaily1 day
T. Rowe Price Retirement 2050 Fund9,437,762 N/ADaily1 day
T. Rowe Price Retirement 2055 Fund5,809,708 N/ADaily1 day
T. Rowe Price Retirement 2060 Fund3,079,375 N/ADaily1 day
T. Rowe Price Retirement 2065 Fund924,973 N/ADaily1 day
    Total investments measured using NAV$174,912,791 
There are no plan liabilities recorded at fair value at December 30, 2025 or 2024.