Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.68%
Stock 0.00%
Bond 98.32%
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 1.56%
Securitized 0.82%
Municipal 97.62%
Other 0.00%
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Region Exposure

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

Americas 98.78%
97.52%
United States 97.52%
1.26%
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 0.13%
Japan 0.00%
0.00%
0.13%
0.00%
Unidentified Region 1.09%

Bond Credit Quality Exposure

AAA 4.51%
AA 38.97%
A 22.82%
BBB 14.54%
BB 4.62%
B 1.00%
Below B 0.37%
    CCC 0.12%
    CC 0.25%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.47%
Not Available 10.70%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.64%
Less than 1 Year
0.64%
Intermediate
11.49%
1 to 3 Years
1.67%
3 to 5 Years
1.69%
5 to 10 Years
8.12%
Long Term
87.88%
10 to 20 Years
25.63%
20 to 30 Years
48.73%
Over 30 Years
13.52%
Other
0.00%
As of December 31, 2025
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