Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.04%
Stock 0.00%
Bond 97.65%
Convertible 0.00%
Preferred 0.00%
Other 2.30%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 0.77%
Securitized 0.94%
Municipal 98.29%
Other 0.00%
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Region Exposure

% Developed Markets: 97.36%    % Emerging Markets: 0.00%    % Unidentified Markets: 2.64%

Americas 97.14%
96.63%
United States 96.63%
0.51%
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 2.64%

Bond Credit Quality Exposure

AAA 14.02%
AA 46.50%
A 27.15%
BBB 5.43%
BB 1.11%
B 0.06%
Below B 0.05%
    CCC 0.05%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.41%
Not Available 5.28%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.75%
Less than 1 Year
1.75%
Intermediate
35.47%
1 to 3 Years
3.95%
3 to 5 Years
6.01%
5 to 10 Years
25.50%
Long Term
62.79%
10 to 20 Years
46.75%
20 to 30 Years
13.83%
Over 30 Years
2.20%
Other
0.00%
As of December 31, 2025
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