Asset Allocation

As of October 31, 2025.
Type % Net
Cash 0.27%
Stock 1.87%
Bond 95.36%
Convertible 0.00%
Preferred 2.07%
Other 0.43%
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Bond Sector Exposure

As of October 31, 2025
Type % Net
Government 0.49%
Corporate 11.65%
Securitized 4.40%
Municipal 72.78%
Other 10.67%
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Region Exposure

% Developed Markets: 95.59%    % Emerging Markets: 0.00%    % Unidentified Markets: 4.41%

Americas 88.56%
84.60%
Canada 1.99%
United States 82.61%
3.96%
As of October 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.88%
United Kingdom 3.26%
3.62%
France 1.14%
Germany 0.31%
Netherlands 0.55%
Spain 0.56%
Switzerland 1.05%
0.00%
0.00%
Greater Asia 0.15%
Japan 0.15%
0.00%
0.00%
0.00%
Unidentified Region 4.41%

Bond Credit Quality Exposure

AAA 4.36%
AA 10.36%
A 6.85%
BBB 22.61%
BB 11.24%
B 1.45%
Below B 1.54%
    CCC 1.54%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 9.62%
Not Available 31.97%
Short Term 0.00%
As of October 31, 2025
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Bond Maturity Exposure

Short Term
1.90%
Less than 1 Year
1.90%
Intermediate
7.05%
1 to 3 Years
1.21%
3 to 5 Years
1.46%
5 to 10 Years
4.38%
Long Term
79.50%
10 to 20 Years
25.55%
20 to 30 Years
41.32%
Over 30 Years
12.63%
Other
11.56%
As of October 31, 2025
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