Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.17%
Stock 0.00%
Bond 98.57%
Convertible 0.00%
Preferred 0.00%
Other 1.27%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 1.43%
Securitized 0.00%
Municipal 98.57%
Other 0.00%
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Region Exposure

% Developed Markets: 98.48%    % Emerging Markets: 0.00%    % Unidentified Markets: 1.52%

Americas 95.50%
95.50%
United States 95.50%
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 2.99%
Japan 0.00%
0.00%
2.99%
0.00%
Unidentified Region 1.52%

Bond Credit Quality Exposure

AAA 17.38%
AA 39.63%
A 22.48%
BBB 10.10%
BB 3.55%
B 1.47%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.92%
Not Available 3.47%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.35%
Less than 1 Year
1.35%
Intermediate
30.85%
1 to 3 Years
4.16%
3 to 5 Years
5.22%
5 to 10 Years
21.46%
Long Term
67.80%
10 to 20 Years
44.35%
20 to 30 Years
20.04%
Over 30 Years
3.41%
Other
0.00%
As of December 31, 2025
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