Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.00%
Stock 0.00%
Bond 99.98%
Convertible 0.00%
Preferred 0.00%
Other 0.02%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 0.02%
Securitized 0.00%
Municipal 99.98%
Other 0.00%
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Region Exposure

% Developed Markets: 99.95%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.05%

Americas 99.74%
99.30%
United States 99.30%
0.44%
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 0.21%
Japan 0.00%
0.00%
0.21%
0.00%
Unidentified Region 0.05%

Bond Credit Quality Exposure

AAA 1.89%
AA 48.38%
A 35.66%
BBB 7.20%
BB 1.88%
B 0.07%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.05%
Not Available 3.87%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.71%
Less than 1 Year
0.71%
Intermediate
15.45%
1 to 3 Years
1.47%
3 to 5 Years
1.76%
5 to 10 Years
12.23%
Long Term
83.84%
10 to 20 Years
45.93%
20 to 30 Years
33.70%
Over 30 Years
4.21%
Other
0.00%
As of December 31, 2025
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