Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.00%
Stock 0.00%
Bond 99.99%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 0.58%
Securitized 0.96%
Municipal 98.41%
Other 0.04%
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Region Exposure

% Developed Markets: 98.68%    % Emerging Markets: 0.00%    % Unidentified Markets: 1.32%

Americas 98.55%
97.95%
United States 97.95%
0.60%
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 0.13%
Japan 0.00%
0.00%
0.13%
0.00%
Unidentified Region 1.32%

Bond Credit Quality Exposure

AAA 5.69%
AA 57.99%
A 21.71%
BBB 6.62%
BB 0.61%
B 0.01%
Below B 0.42%
    CCC 0.42%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.76%
Not Available 6.19%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.20%
Less than 1 Year
1.20%
Intermediate
34.61%
1 to 3 Years
5.79%
3 to 5 Years
7.05%
5 to 10 Years
21.77%
Long Term
64.19%
10 to 20 Years
42.45%
20 to 30 Years
19.29%
Over 30 Years
2.45%
Other
0.00%
As of December 31, 2025
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