Asset Allocation

As of December 31, 2025.
Type % Net
Cash 87.88%
Stock 0.00%
Bond 12.12%
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 17.15%
Securitized 2.89%
Municipal 79.96%
Other 0.00%
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Region Exposure

% Developed Markets: 68.18%    % Emerging Markets: 0.00%    % Unidentified Markets: 31.82%

Americas 63.06%
62.05%
Canada 3.96%
United States 58.09%
1.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.34%
United Kingdom 0.00%
4.34%
France 0.12%
Germany 0.22%
Ireland 3.78%
0.00%
0.00%
Greater Asia 0.78%
Japan 0.00%
0.78%
Australia 0.55%
0.00%
0.00%
Unidentified Region 31.82%

Bond Credit Quality Exposure

AAA 8.45%
AA 50.35%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 41.20%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.49%
Less than 1 Year
6.49%
Intermediate
24.23%
1 to 3 Years
13.91%
3 to 5 Years
5.51%
5 to 10 Years
4.81%
Long Term
69.28%
10 to 20 Years
13.94%
20 to 30 Years
40.08%
Over 30 Years
15.27%
Other
0.00%
As of December 31, 2025
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