Asset Allocation

As of December 31, 2025.
Type % Net
Cash -1.03%
Stock 0.13%
Bond 100.9%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 2.11%
Securitized 0.00%
Municipal 97.89%
Other 0.00%
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Region Exposure

% Developed Markets: 97.52%    % Emerging Markets: 0.00%    % Unidentified Markets: 2.48%

Americas 97.52%
94.55%
United States 94.55%
2.97%
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 2.48%

Bond Credit Quality Exposure

AAA 3.34%
AA 13.70%
A 4.43%
BBB 10.90%
BB 6.98%
B 1.89%
Below B 0.72%
    CCC 0.72%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 6.13%
Not Available 51.91%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.88%
Less than 1 Year
0.88%
Intermediate
9.47%
1 to 3 Years
0.87%
3 to 5 Years
1.62%
5 to 10 Years
6.98%
Long Term
89.65%
10 to 20 Years
18.24%
20 to 30 Years
51.81%
Over 30 Years
19.60%
Other
0.00%
As of December 31, 2025
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