Asset Allocation

As of September 30, 2025.
Type % Net
Cash 5.06%
Stock 0.00%
Bond 95.28%
Convertible 0.00%
Preferred 0.00%
Other -0.34%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 0.00%
Corporate 0.24%
Securitized 0.00%
Municipal 99.76%
Other 0.00%
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Region Exposure

% Developed Markets: 95.25%    % Emerging Markets: 0.00%    % Unidentified Markets: 4.75%

Americas 95.25%
95.25%
United States 95.25%
0.00%
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 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 4.75%

Bond Credit Quality Exposure

AAA 7.08%
AA 47.22%
A 31.45%
BBB 9.23%
BB 1.52%
B 0.13%
Below B 0.08%
    CCC 0.00%
    CC 0.08%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.32%
Not Available 2.97%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
2.96%
Less than 1 Year
2.96%
Intermediate
28.49%
1 to 3 Years
4.83%
3 to 5 Years
6.74%
5 to 10 Years
16.91%
Long Term
68.56%
10 to 20 Years
35.39%
20 to 30 Years
29.26%
Over 30 Years
3.91%
Other
0.00%
As of September 30, 2025
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