| EBP, Investment, Fair Value and NAV |
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets carried at fair value: | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2025 | | Level 1 | Level 2 | Level 3 | Total | | AES common stock | $ | 6,264,613 | | $ | — | | $ | — | | $ | 6,264,613 | | | | | | | | | | | | | Self-directed investments | 7,486,954 | | — | | — | | 7,486,954 | | | Collective investment trusts | 207,814,091 | | — | | — | | 207,814,091 | | | Total assets at fair value | $ | 221,565,658 | | $ | — | | $ | — | | $ | 221,565,658 | | | | | | | | Fair Value Measurements at December 31, 2024 | | Level 1 | Level 2 | Level 3 | Total | | AES common stock | $ | 5,793,034 | | $ | — | | $ | — | | $ | 5,793,034 | | | Money market funds | 5,584,194 | | — | | — | | 5,584,194 | | | Mutual funds | 18,249,211 | | — | | — | | 18,249,211 | | | Self-directed investments | 4,103,831 | | — | | — | | 4,103,831 | | | Collective investment trusts | 165,412,160 | | — | | — | | 165,412,160 | | | Total assets at fair value | $ | 199,142,430 | | $ | — | | $ | — | | $ | 199,142,430 | | | | | | |
|
| EBP, Investment, Fair Value and NAV |
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets carried at fair value: | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2025 | | Level 1 | Level 2 | Level 3 | Total | | AES common stock | $ | 6,264,613 | | $ | — | | $ | — | | $ | 6,264,613 | | | | | | | | | | | | | Self-directed investments | 7,486,954 | | — | | — | | 7,486,954 | | | Collective investment trusts | 207,814,091 | | — | | — | | 207,814,091 | | | Total assets at fair value | $ | 221,565,658 | | $ | — | | $ | — | | $ | 221,565,658 | | | | | | | | Fair Value Measurements at December 31, 2024 | | Level 1 | Level 2 | Level 3 | Total | | AES common stock | $ | 5,793,034 | | $ | — | | $ | — | | $ | 5,793,034 | | | Money market funds | 5,584,194 | | — | | — | | 5,584,194 | | | Mutual funds | 18,249,211 | | — | | — | | 18,249,211 | | | Self-directed investments | 4,103,831 | | — | | — | | 4,103,831 | | | Collective investment trusts | 165,412,160 | | — | | — | | 165,412,160 | | | Total assets at fair value | $ | 199,142,430 | | $ | — | | $ | — | | $ | 199,142,430 | | | | | | |
|