Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.72%
Stock 0.00%
Bond 95.13%
Convertible 0.00%
Preferred 1.57%
Other 1.59%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 2.70%
Securitized 0.01%
Municipal 95.95%
Other 1.34%
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Region Exposure

% Developed Markets: 93.99%    % Emerging Markets: 0.00%    % Unidentified Markets: 6.01%

Americas 93.91%
93.79%
United States 93.79%
0.12%
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 0.08%
Japan 0.00%
0.00%
0.08%
0.00%
Unidentified Region 6.01%

Bond Credit Quality Exposure

AAA 3.99%
AA 39.14%
A 28.13%
BBB 5.18%
BB 1.26%
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 0.70%
Not Available 21.49%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
13.95%
Less than 1 Year
13.95%
Intermediate
31.02%
1 to 3 Years
13.14%
3 to 5 Years
12.51%
5 to 10 Years
5.37%
Long Term
53.69%
10 to 20 Years
11.74%
20 to 30 Years
31.29%
Over 30 Years
10.65%
Other
1.34%
As of December 31, 2025
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