Asset Allocation

As of September 30, 2025.
Type % Net
Cash -0.39%
Stock 0.00%
Bond 99.54%
Convertible 0.00%
Preferred 0.00%
Other 0.85%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 0.00%
Corporate 1.41%
Securitized 0.00%
Municipal 98.59%
Other 0.00%
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Region Exposure

% Developed Markets: 99.15%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.85%

Americas 97.44%
96.49%
United States 96.49%
0.95%
As of September 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 1.70%
Japan 0.00%
0.00%
1.70%
0.00%
Unidentified Region 0.85%

Bond Credit Quality Exposure

AAA 12.46%
AA 38.23%
A 35.79%
BBB 7.90%
BB 1.19%
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 4.43%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
8.73%
1 to 3 Years
0.00%
3 to 5 Years
0.73%
5 to 10 Years
8.00%
Long Term
91.27%
10 to 20 Years
57.31%
20 to 30 Years
32.78%
Over 30 Years
1.17%
Other
0.00%
As of September 30, 2025
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