Asset Allocation

As of September 30, 2025.
Type % Net
Cash -2.34%
Stock -1.69%
Bond 109.0%
Convertible 0.00%
Preferred -7.56%
Other 2.63%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 0.04%
Corporate 2.07%
Securitized 0.31%
Municipal 98.26%
Other -0.68%
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Region Exposure

% Developed Markets: 99.55%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.45%

Americas 99.37%
96.98%
Canada -0.00%
United States 96.98%
2.39%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.10%
United Kingdom -0.00%
0.10%
Denmark 0.00%
France 0.00%
Germany 0.00%
Ireland 0.00%
Netherlands 0.00%
Spain 0.10%
Sweden 0.00%
0.00%
0.00%
Greater Asia 0.09%
Japan 0.00%
0.00%
Australia 0.00%
0.09%
0.00%
Philippines 0.00%
Unidentified Region 0.45%

Bond Credit Quality Exposure

AAA 8.70%
AA 44.54%
A 22.03%
BBB 9.61%
BB 3.70%
B 0.69%
Below B 0.15%
    CCC 0.14%
    CC 0.02%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.37%
Not Available 8.20%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
0.82%
Less than 1 Year
0.82%
Intermediate
11.87%
1 to 3 Years
2.09%
3 to 5 Years
2.27%
5 to 10 Years
7.51%
Long Term
87.99%
10 to 20 Years
26.44%
20 to 30 Years
53.77%
Over 30 Years
7.78%
Other
-0.68%
As of September 30, 2025
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