Asset Allocation

As of November 30, 2025.
Type % Net
Cash 1.06%
Stock 0.00%
Bond 98.14%
Convertible 0.00%
Preferred 0.00%
Other 0.80%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 1.56%
Corporate 1.10%
Securitized 0.14%
Municipal 97.18%
Other 0.02%
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Region Exposure

% Developed Markets: 97.82%    % Emerging Markets: 0.00%    % Unidentified Markets: 2.18%

Americas 97.75%
96.50%
United States 96.50%
1.25%
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 0.07%
Japan 0.00%
0.00%
0.07%
0.00%
Unidentified Region 2.18%

Bond Credit Quality Exposure

AAA 7.88%
AA 40.88%
A 23.78%
BBB 10.86%
BB 3.47%
B 0.42%
Below B 0.16%
    CCC 0.12%
    CC 0.04%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.74%
Not Available 10.81%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
2.23%
Less than 1 Year
2.23%
Intermediate
15.42%
1 to 3 Years
2.54%
3 to 5 Years
2.75%
5 to 10 Years
10.13%
Long Term
82.34%
10 to 20 Years
34.07%
20 to 30 Years
42.03%
Over 30 Years
6.25%
Other
0.01%
As of November 30, 2025
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