Asset Allocation

As of December 31, 2025.
Type % Net
Cash 4.84%
Stock 0.00%
Bond 94.34%
Convertible 0.00%
Preferred 0.00%
Other 0.82%
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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: 99.18%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.82%

Americas 91.23%
86.55%
United States 86.55%
4.68%
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 7.95%
Japan 0.00%
0.00%
7.95%
0.00%
Unidentified Region 0.82%

Bond Credit Quality Exposure

AAA 2.23%
AA 34.42%
A 27.75%
BBB 20.95%
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 7.79%
Not Available 6.87%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.08%
Less than 1 Year
1.08%
Intermediate
18.56%
1 to 3 Years
5.27%
3 to 5 Years
4.75%
5 to 10 Years
8.54%
Long Term
80.35%
10 to 20 Years
27.71%
20 to 30 Years
37.64%
Over 30 Years
14.99%
Other
0.00%
As of December 31, 2025
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