Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.03%
Stock 0.00%
Bond 99.97%
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 0.48%
Securitized 0.00%
Municipal 99.52%
Other 0.00%
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Region Exposure

% Developed Markets: 98.91%    % Emerging Markets: 0.00%    % Unidentified Markets: 1.09%

Americas 98.33%
94.79%
United States 94.79%
3.54%
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 0.59%
Japan 0.00%
0.00%
0.59%
0.00%
Unidentified Region 1.09%

Bond Credit Quality Exposure

AAA 2.49%
AA 64.66%
A 13.18%
BBB 9.99%
BB 0.34%
B 0.07%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.60%
Not Available 7.68%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.04%
Less than 1 Year
0.04%
Intermediate
18.66%
1 to 3 Years
3.94%
3 to 5 Years
2.29%
5 to 10 Years
12.43%
Long Term
81.30%
10 to 20 Years
31.78%
20 to 30 Years
45.84%
Over 30 Years
3.68%
Other
0.00%
As of December 31, 2025
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