Asset Allocation

As of October 31, 2025.
Type % Net
Cash 3.59%
Stock 0.00%
Bond 94.72%
Convertible 0.00%
Preferred 0.00%
Other 1.69%
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Bond Sector Exposure

As of October 31, 2025
Type % Net
Government 0.00%
Corporate 1.57%
Securitized 0.00%
Municipal 98.43%
Other 0.00%
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Region Exposure

% Developed Markets: 93.75%    % Emerging Markets: 0.00%    % Unidentified Markets: 6.25%

Americas 93.62%
91.79%
United States 91.79%
1.82%
As of October 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 6.25%

Bond Credit Quality Exposure

AAA 0.13%
AA 4.52%
A 10.55%
BBB 11.39%
BB 11.24%
B 2.32%
Below B 1.54%
    CCC 1.07%
    CC 0.47%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 9.30%
Not Available 49.01%
Short Term 0.00%
As of October 31, 2025
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Bond Maturity Exposure

Short Term
1.78%
Less than 1 Year
1.78%
Intermediate
31.58%
1 to 3 Years
4.81%
3 to 5 Years
5.99%
5 to 10 Years
20.78%
Long Term
66.64%
10 to 20 Years
37.35%
20 to 30 Years
23.44%
Over 30 Years
5.86%
Other
0.00%
As of October 31, 2025
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