Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.28%
Stock 0.00%
Bond 98.75%
Convertible 0.00%
Preferred 0.00%
Other 0.97%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.24%
Corporate 0.58%
Securitized 0.00%
Municipal 99.18%
Other 0.00%
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Region Exposure

% Developed Markets: 98.24%    % Emerging Markets: 0.00%    % Unidentified Markets: 1.76%

Americas 97.83%
97.83%
United States 97.83%
0.00%
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 0.41%
Japan 0.00%
0.00%
0.41%
0.00%
Unidentified Region 1.76%

Bond Credit Quality Exposure

AAA 4.25%
AA 31.90%
A 28.47%
BBB 18.31%
BB 2.14%
B 0.78%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.81%
Not Available 11.35%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.22%
Less than 1 Year
0.22%
Intermediate
12.75%
1 to 3 Years
1.32%
3 to 5 Years
1.78%
5 to 10 Years
9.65%
Long Term
87.03%
10 to 20 Years
29.04%
20 to 30 Years
56.02%
Over 30 Years
1.96%
Other
0.00%
As of December 31, 2025
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