Top 10 Holdings %

Coupon RateMaturity%
Oregon St.2.300%12/01/20364.6%
City of Colorado Springs Co Utilities System Reven3.300%11/01/20374.6%
Wisconsin Housing & Economic Development Authority3.250%03/01/20314.6%
Channahon II Revenue - Morris Hospital3.300%12/01/20344.6%
Illinois Finance Authority2.350%11/01/20384.3%
County of Franklin Oh2.250%11/15/20413.9%
Met Washington Dc Airports Sys Revenue3.320%10/01/20393.5%
Plain City Oh5.375%09/22/20263.3%
County of Belmont Oh4.500%08/11/20263.3%
City of Richmond Heights Oh4.500%07/30/20263.3%

State Allocation

HI2.0%
IN8.2%
OH25.6%
SC3.3%

Credit Quality Breakdown

Moody's/S&P

U.S. Treasury0.0%
U.S. Agency0.0%
Aa/AA62.2%
A/A2.7%
MIG13.4%
SP-1+11.6%
Not Rated20.1%
The credit-quality ratings are derived from the underlying securities of the portfolio, and are rated by Moody's. If a rating from Moody's is unavailable, S&P's rating is used.

Composition By Security Type

Cash Equivalents2.8%
Daily Demand Notes7.6%
Municipal Bonds41.7%
Weekly Demand Notes47.9%

The composition of the Portfolio is as of December 31, 2025 and is subject to change.

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