Asset Allocation

As of October 31, 2025.
Type % Net
Cash 88.24%
Stock 0.00%
Bond 12.23%
Convertible 0.00%
Preferred 0.00%
Other -0.48%
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Bond Sector Exposure

As of October 31, 2025
Type % Net
Government 0.00%
Corporate 16.59%
Securitized 3.17%
Municipal 80.24%
Other 0.00%
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Region Exposure

% Developed Markets: 67.09%    % Emerging Markets: 0.00%    % Unidentified Markets: 32.91%

Americas 61.32%
60.39%
Canada 3.59%
United States 56.80%
0.93%
As of October 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.95%
United Kingdom 0.13%
4.83%
France 0.48%
Germany 0.22%
Ireland 3.78%
0.00%
0.00%
Greater Asia 0.81%
Japan 0.00%
0.81%
Australia 0.56%
0.00%
0.00%
Unidentified Region 32.91%

Bond Credit Quality Exposure

AAA 8.65%
AA 47.68%
A 0.00%
BBB 0.00%
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 0.00%
Not Available 43.67%
Short Term 0.00%
As of October 31, 2025
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Bond Maturity Exposure

Short Term
10.82%
Less than 1 Year
10.82%
Intermediate
20.79%
1 to 3 Years
11.09%
3 to 5 Years
5.64%
5 to 10 Years
4.06%
Long Term
68.39%
10 to 20 Years
12.49%
20 to 30 Years
39.98%
Over 30 Years
15.92%
Other
0.00%
As of October 31, 2025
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