Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.04%
Stock 0.00%
Bond 99.12%
Convertible 0.00%
Preferred 0.00%
Other 0.84%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.02%
Corporate 0.84%
Securitized 0.00%
Municipal 99.08%
Other 0.06%
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Region Exposure

% Developed Markets: 99.02%    % Emerging Markets: 0.00%    % Unidentified Markets: 0.98%

Americas 98.90%
98.90%
United States 98.90%
0.00%
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 0.12%
Japan 0.00%
0.00%
0.12%
0.00%
Unidentified Region 0.98%

Bond Credit Quality Exposure

AAA 8.39%
AA 51.16%
A 23.37%
BBB 9.53%
BB 1.71%
B 0.14%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.29%
Not Available 4.41%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.92%
Less than 1 Year
0.92%
Intermediate
18.19%
1 to 3 Years
2.10%
3 to 5 Years
3.77%
5 to 10 Years
12.32%
Long Term
80.90%
10 to 20 Years
33.26%
20 to 30 Years
45.10%
Over 30 Years
2.53%
Other
0.00%
As of December 31, 2025
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