Asset Allocation

As of November 30, 2025.
Type % Net
Cash 2.09%
Stock 0.00%
Bond 97.40%
Convertible 0.00%
Preferred 0.00%
Other 0.51%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 1.53%
Corporate 0.09%
Securitized 0.00%
Municipal 98.38%
Other 0.00%
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Region Exposure

% Developed Markets: 97.41%    % Emerging Markets: 0.00%    % Unidentified Markets: 2.59%

Americas 96.87%
96.52%
Canada 0.05%
United States 96.47%
0.36%
As of November 30, 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 0.53%
Japan 0.00%
0.00%
0.53%
0.00%
Unidentified Region 2.59%

Bond Credit Quality Exposure

AAA 1.91%
AA 61.52%
A 26.71%
BBB 5.82%
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 1.03%
Not Available 3.00%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
9.86%
Less than 1 Year
9.86%
Intermediate
68.21%
1 to 3 Years
23.79%
3 to 5 Years
23.28%
5 to 10 Years
21.15%
Long Term
21.93%
10 to 20 Years
4.82%
20 to 30 Years
12.91%
Over 30 Years
4.20%
Other
0.00%
As of November 30, 2025
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