Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.65%
Stock 0.00%
Bond 98.30%
Convertible 0.00%
Preferred 0.00%
Other 1.05%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 2.22%
Securitized 0.00%
Municipal 97.78%
Other 0.00%
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Region Exposure

% Developed Markets: 97.79%    % Emerging Markets: 0.00%    % Unidentified Markets: 2.21%

Americas 97.79%
93.37%
United States 93.37%
4.42%
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 2.21%

Bond Credit Quality Exposure

AAA 7.24%
AA 42.02%
A 32.43%
BBB 5.14%
BB 3.16%
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 0.56%
Not Available 9.44%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.03%
Less than 1 Year
1.03%
Intermediate
10.54%
1 to 3 Years
0.43%
3 to 5 Years
1.16%
5 to 10 Years
8.95%
Long Term
88.43%
10 to 20 Years
45.47%
20 to 30 Years
39.81%
Over 30 Years
3.15%
Other
0.00%
As of December 31, 2025
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