Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.62%
Stock 0.00%
Bond 97.36%
Convertible 0.00%
Preferred 0.00%
Other 1.02%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.80%
Corporate 1.09%
Securitized 0.14%
Municipal 96.97%
Other 0.01%
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Region Exposure

% Developed Markets: 97.08%    % Emerging Markets: 0.00%    % Unidentified Markets: 2.92%

Americas 97.02%
95.75%
United States 95.75%
1.27%
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 0.06%
Japan 0.00%
0.00%
0.06%
0.00%
Unidentified Region 2.92%

Bond Credit Quality Exposure

AAA 7.82%
AA 40.96%
A 23.82%
BBB 10.76%
BB 3.38%
B 0.44%
Below B 0.15%
    CCC 0.12%
    CC 0.04%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.63%
Not Available 11.04%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.47%
Less than 1 Year
2.47%
Intermediate
15.95%
1 to 3 Years
2.49%
3 to 5 Years
2.83%
5 to 10 Years
10.62%
Long Term
81.58%
10 to 20 Years
34.01%
20 to 30 Years
41.69%
Over 30 Years
5.88%
Other
0.01%
As of December 31, 2025
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