Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.08%
Stock 0.00%
Bond 99.26%
Convertible 0.00%
Preferred -0.10%
Other 0.92%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 3.02%
Securitized 0.00%
Municipal 96.98%
Other 0.00%
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Region Exposure

% Developed Markets: 99.11%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.89%

Americas 99.11%
98.53%
United States 98.53%
0.58%
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 0.89%

Bond Credit Quality Exposure

AAA 11.29%
AA 64.27%
A 13.55%
BBB 1.92%
BB 4.92%
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 0.00%
Not Available 4.05%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.20%
Less than 1 Year
0.20%
Intermediate
11.65%
1 to 3 Years
3.76%
3 to 5 Years
2.16%
5 to 10 Years
5.73%
Long Term
88.15%
10 to 20 Years
42.40%
20 to 30 Years
43.74%
Over 30 Years
2.01%
Other
0.00%
As of December 31, 2025
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