Table:
|  |  | December 31, 2019 |  |  |
| --- | --- | --- | --- | --- |
|  | Level 1 | Level 2 | Level 3 | Total |
| Multi-Asset Fund | $ — | $4,825 | $ — | $ 4,825 |
| Diversified Growth Fund | — | 4,855 | — | 4,855 |
| Index-Linked Gilts | — | 1,934 | — | 1,934 |
| Corporate Bonds | — | 2,090 | — | 2,090 |
| Insurance Contracts | — | — | 1,045 | 1,045 |
| Cash | 154 | — | — | 154 |
| Total | $154 | $13,704 | $1,045 | $14,903 |
|  |  | December 31, 2018 |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| Multi-Asset Fund | $ — | $4,570 | $— | $4,570 |
| Diversified Growth Fund | — | 4,650 | — | 4,650 |
| Index-Linked Gilts | — | 2,044 | — | 2,044 |
| Corporate Bonds | — | 2,044 | — | 2,044 |
| Insurance Contracts | — | — | 72 | 72 |
| Cash | 53 | — | — | 53 |
| Total | $53 | $13,308 | $72 | $13,433 |
Paragraphs:
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The fair value of the Company’s qualified pension plan assets by category for the years ended December 31, are as follows:
At December 31, 2019 our plan’s assets of $14.9 million were invested in five separate funds including a multiasset fund (32.4%), a diversified growth fund (32.6%), an index-linked gilt (13.0%), corporate bonds (14.0%), and insurance contracts (7%). The asset and growth funds aim to generate an ‘equity-like’ return over an economic cycle with significantly reduced volatility relative to equity markets and have scope to use a diverse range of asset classes, including equities, bonds, cash and alternatives, e.g. property, infrastructure, high yield bonds, floating rate debt, private, equity, hedge funds and currency. The bond fund and gilt fund are invested in index-linked gilts and corporate bonds. These investments are intended to provide a degree of protection against changes in the value of our plan’s liabilities related to changes in long-term expectations for interest rates and inflation expectations.
Question:
What percentage of total assets across all categories consisted of assets from the Level One category for 2019?
Answer: $154/$14903 = 1.03