Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.06%
Stock 0.00%
Bond 98.94%
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 0.82%
Securitized 0.00%
Municipal 99.18%
Other 0.00%
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Region Exposure

% Developed Markets: 100.0%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.00%

Americas 99.76%
97.52%
United States 97.52%
2.24%
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 0.24%
Japan 0.00%
0.00%
0.24%
0.00%
Unidentified Region 0.00%

Bond Credit Quality Exposure

AAA 1.67%
AA 55.59%
A 16.34%
BBB 12.04%
BB 2.55%
B 0.29%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.10%
Not Available 10.41%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.07%
Less than 1 Year
0.07%
Intermediate
4.73%
1 to 3 Years
0.43%
3 to 5 Years
1.41%
5 to 10 Years
2.89%
Long Term
95.19%
10 to 20 Years
28.98%
20 to 30 Years
56.67%
Over 30 Years
9.55%
Other
0.00%
As of December 31, 2025
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