Asset Allocation

As of November 30, 2025.
Type % Net
Cash 5.31%
Stock 0.00%
Bond 92.63%
Convertible 0.00%
Preferred 0.00%
Other 2.06%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 0.00%
Corporate 2.36%
Securitized 0.00%
Municipal 97.63%
Other 0.01%
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Region Exposure

% Developed Markets: 91.18%    % Emerging Markets: 0.00%    % Unidentified Markets: 8.82%

Americas 91.18%
84.67%
United States 84.67%
6.51%
As of November 30, 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 8.82%

Bond Credit Quality Exposure

AAA 0.83%
AA 7.16%
A 3.17%
BBB 6.01%
BB 5.92%
B 1.06%
Below B 2.88%
    CCC 2.87%
    CC 0.01%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 19.12%
Not Available 53.85%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
0.69%
Less than 1 Year
0.69%
Intermediate
7.26%
1 to 3 Years
0.73%
3 to 5 Years
0.94%
5 to 10 Years
5.60%
Long Term
92.02%
10 to 20 Years
23.88%
20 to 30 Years
54.20%
Over 30 Years
13.94%
Other
0.02%
As of November 30, 2025
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