Asset Allocation

As of December 31, 2025.
Type % Net
Cash 5.95%
Stock 0.00%
Bond 93.28%
Convertible 0.00%
Preferred 0.00%
Other 0.77%
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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: 92.81%    % Emerging Markets: 0.00%    % Unidentified Markets: 7.19%

Americas 91.79%
91.32%
United States 91.32%
0.47%
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 1.02%
Japan 0.00%
0.00%
1.02%
0.00%
Unidentified Region 7.19%

Bond Credit Quality Exposure

AAA 2.22%
AA 51.82%
A 36.34%
BBB 6.51%
BB 1.66%
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 1.46%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.89%
Less than 1 Year
4.89%
Intermediate
44.76%
1 to 3 Years
9.68%
3 to 5 Years
8.68%
5 to 10 Years
26.39%
Long Term
50.35%
10 to 20 Years
33.11%
20 to 30 Years
15.68%
Over 30 Years
1.56%
Other
0.00%
As of December 31, 2025
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