Asset Allocation

As of January 31, 2026.
Type % Net
Cash 14.48%
Stock 0.00%
Bond 84.64%
Convertible 0.00%
Preferred 0.00%
Other 0.88%
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Bond Sector Exposure

As of January 31, 2026
Type % Net
Government 0.57%
Corporate 0.07%
Securitized 0.01%
Municipal 99.34%
Other 0.00%
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Region Exposure

% Developed Markets: 91.94%    % Emerging Markets: 0.00%    % Unidentified Markets: 8.06%

Americas 88.62%
88.44%
Canada 1.29%
United States 87.16%
0.18%
As of January 31, 2026. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.35%
United Kingdom 0.72%
1.37%
Belgium 0.01%
Finland 0.08%
France 0.21%
Germany 0.23%
Ireland 0.13%
Netherlands 0.08%
Norway 0.15%
Spain 0.03%
Sweden 0.42%
0.00%
0.26%
United Arab Emirates 0.26%
Greater Asia 0.97%
Japan 0.10%
0.59%
Australia 0.56%
0.27%
Singapore 0.24%
0.00%
Unidentified Region 8.06%

Bond Credit Quality Exposure

AAA 10.12%
AA 37.41%
A 10.84%
BBB 0.39%
BB 0.11%
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 1.79%
Not Available 39.35%
Short Term 0.00%
As of January 31, 2026
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Bond Maturity Exposure

Short Term
41.63%
Less than 1 Year
41.63%
Intermediate
28.16%
1 to 3 Years
17.62%
3 to 5 Years
8.00%
5 to 10 Years
2.53%
Long Term
30.21%
10 to 20 Years
10.78%
20 to 30 Years
15.44%
Over 30 Years
3.98%
Other
0.00%
As of January 31, 2026
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