Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.59%
Stock 0.00%
Bond 93.66%
Convertible 0.00%
Preferred 0.00%
Other 3.76%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 0.80%
Securitized 4.60%
Municipal 90.68%
Other 3.92%
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Region Exposure

% Developed Markets: 91.59%    % Emerging Markets: 0.00%    % Unidentified Markets: 8.41%

Americas 91.59%
87.75%
United States 87.75%
3.84%
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 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 8.41%

Bond Credit Quality Exposure

AAA 4.90%
AA 17.32%
A 14.88%
BBB 10.69%
BB 6.30%
B 0.86%
Below B 0.48%
    CCC 0.48%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 6.73%
Not Available 37.84%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.69%
Less than 1 Year
3.69%
Intermediate
9.67%
1 to 3 Years
0.34%
3 to 5 Years
1.88%
5 to 10 Years
7.45%
Long Term
86.64%
10 to 20 Years
34.74%
20 to 30 Years
43.73%
Over 30 Years
8.18%
Other
0.00%
As of December 31, 2025
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