Asset Allocation

As of October 31, 2025.
Type % Net
Cash 3.86%
Stock 0.00%
Bond 96.93%
Convertible 0.00%
Preferred 0.00%
Other -0.79%
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Bond Sector Exposure

As of October 31, 2025
Type % Net
Government 0.07%
Corporate 0.67%
Securitized 0.00%
Municipal 99.26%
Other 0.00%
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Region Exposure

% Developed Markets: 98.63%    % Emerging Markets: 0.00%    % Unidentified Markets: 1.37%

Americas 97.64%
97.13%
Canada 0.37%
United States 96.76%
0.51%
As of October 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.67%
United Kingdom 0.21%
0.41%
Belgium 0.00%
Denmark 0.02%
Finland 0.02%
France 0.09%
Germany 0.05%
Ireland 0.02%
Netherlands 0.02%
Norway 0.04%
Spain 0.02%
Sweden 0.14%
0.00%
0.05%
United Arab Emirates 0.05%
Greater Asia 0.32%
Japan 0.01%
0.14%
Australia 0.14%
0.17%
Singapore 0.05%
0.00%
Unidentified Region 1.37%

Bond Credit Quality Exposure

AAA 13.20%
AA 49.30%
A 27.86%
BBB 3.31%
BB 0.83%
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 0.84%
Not Available 4.67%
Short Term 0.00%
As of October 31, 2025
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Bond Maturity Exposure

Short Term
4.35%
Less than 1 Year
4.35%
Intermediate
64.54%
1 to 3 Years
21.75%
3 to 5 Years
31.91%
5 to 10 Years
10.87%
Long Term
31.12%
10 to 20 Years
4.71%
20 to 30 Years
21.59%
Over 30 Years
4.82%
Other
0.00%
As of October 31, 2025
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