Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.00%
Stock 0.00%
Bond 100.0%
Convertible 0.00%
Preferred 0.00%
Other -0.01%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 0.00%
Securitized 0.00%
Municipal 100.0%
Other 0.00%
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Region Exposure

% Developed Markets: 100.0%    % Emerging Markets: 0.00%    % Unidentified Markets: -0.01%

Americas 100.0%
100.0%
United States 100.0%
0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.00%
United Kingdom 0.00%
0.00%
0.00%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region -0.01%

Bond Credit Quality Exposure

AAA 18.80%
AA 60.27%
A 5.02%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 13.05%
Not Available 2.85%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.08%
Less than 1 Year
2.08%
Intermediate
26.36%
1 to 3 Years
0.49%
3 to 5 Years
4.30%
5 to 10 Years
21.57%
Long Term
71.56%
10 to 20 Years
50.90%
20 to 30 Years
20.30%
Over 30 Years
0.36%
Other
0.00%
As of December 31, 2025
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