Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.13%
Stock 0.00%
Bond 98.90%
Convertible 0.00%
Preferred 0.00%
Other 0.98%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 0.00%
Securitized 0.00%
Municipal 100.0%
Other 0.00%
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Region Exposure

% Developed Markets: 99.02%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.98%

Americas 99.02%
99.02%
United States 99.02%
0.00%
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 0.98%

Bond Credit Quality Exposure

AAA 28.80%
AA 32.54%
A 25.65%
BBB 13.02%
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 0.00%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.83%
Less than 1 Year
3.83%
Intermediate
33.42%
1 to 3 Years
2.30%
3 to 5 Years
7.17%
5 to 10 Years
23.95%
Long Term
62.75%
10 to 20 Years
56.43%
20 to 30 Years
4.37%
Over 30 Years
1.95%
Other
0.00%
As of December 31, 2025
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