Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 119

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 15
Chunk 119
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 losses are amortized using a corridor approach.  The gain/loss corridor is equal to 10% of the greater of the benefit obligation and the market-related value of assets.  Gains and losses in excess of the corridor are generally amortized over the average remaining lifetime of the plan participants.We expect to amortize $0.7 million of unrecognized loss into net periodic expense from accumulated other comprehensive loss in 2026.Strategic asset allocations, tactical range as of September 30, 2025 and actual asset allocations are as follows:Strategic asset allocationActual asset allocations at September 30,  Tactical range202520242023Fixed income investments70 %67 %-73 %69 %69 %70 %Equity investments30 27 %-33 %30 30 29 Cash— 0 %-5 %1 1 1 100 %100 %100 %100 %Assets of the Pension Plan are allocated to various investments to attain diversification and reasonable risk-adjusted returns while also managing the exposure to asset and liability volatility.  These ranges are targets and deviations may occur from time to time as a result of market fluctuations.  Portfolio assets are typically rebalanced to the allocation targets at least annually. The assets of the Pension Plan are primarily invested in mutual funds and investment trusts valued at net asset value, which in turn hold fixed income and equity investments.  The valuation methodologies used to measure the assets of the Pension Plan at fair value are:•Mutual funds are valued at the closing price reported on the active market;•Fixed income fund investments held by the investment trusts are valued using the closing price reported in the active market in which the investment is traded.  When market quotations are not readily available, these assets are valued by a method the trustees believe accurately reflects fair value.

F- 26

Table of ContentsIndex to Financial Statements

The assets of the Pension Plan by level within the fair value hierarchy are as follows:September 30, 2025Level 1Level 2Total (in millions)Fixed income$131.2 $41.9 $173.1 Equity:Large cap index funds38.0 — 38.0 International stocks:International funds37.7 — 37.7       Total equity75.7 — 75.7 Cash and cash equivalents2.1 — 2.1 Total Plan assets$209.