Asset Allocation

As of November 30, 2025.
Type % Net
Cash 1.43%
Stock 0.51%
Bond 97.07%
Convertible 0.00%
Preferred 0.79%
Other 0.21%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 3.18%
Corporate 3.65%
Securitized 1.67%
Municipal 85.37%
Other 6.14%
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Region Exposure

% Developed Markets: 98.53%    % Emerging Markets: 0.00%    % Unidentified Markets: 1.47%

Americas 98.17%
98.16%
Canada 0.05%
United States 98.10%
0.01%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.34%
United Kingdom 0.28%
0.06%
Austria 0.00%
Denmark 0.00%
Finland 0.00%
France 0.01%
Germany 0.01%
Greece 0.00%
Ireland 0.01%
Italy 0.00%
Netherlands 0.01%
Norway 0.00%
Spain 0.00%
Switzerland 0.00%
0.00%
0.00%
Greater Asia 0.02%
Japan 0.01%
0.01%
Australia 0.01%
0.00%
Singapore 0.00%
0.00%
Unidentified Region 1.47%

Bond Credit Quality Exposure

AAA 4.32%
AA 52.49%
A 25.72%
BBB 8.16%
BB 4.46%
B 0.51%
Below B 0.09%
    CCC 0.09%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 4.25%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
4.94%
Less than 1 Year
4.94%
Intermediate
19.64%
1 to 3 Years
2.81%
3 to 5 Years
5.52%
5 to 10 Years
11.31%
Long Term
70.04%
10 to 20 Years
40.59%
20 to 30 Years
28.23%
Over 30 Years
1.22%
Other
5.39%
As of November 30, 2025
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