Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.38%
Stock 0.00%
Bond 99.12%
Convertible 0.00%
Preferred 0.00%
Other 0.50%
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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: 99.50%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.50%

Americas 99.50%
95.89%
United States 95.89%
3.61%
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 0.50%

Bond Credit Quality Exposure

AAA 11.28%
AA 58.11%
A 17.01%
BBB 6.70%
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 2.58%
Not Available 4.31%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.06%
Less than 1 Year
0.06%
Intermediate
17.88%
1 to 3 Years
1.36%
3 to 5 Years
3.06%
5 to 10 Years
13.47%
Long Term
82.05%
10 to 20 Years
55.72%
20 to 30 Years
25.36%
Over 30 Years
0.97%
Other
0.00%
As of December 31, 2025
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