Asset Allocation

As of December 31, 2025.
Type % Net
Cash 52.44%
Stock 0.00%
Bond 47.14%
Convertible 0.00%
Preferred 1.40%
Other -0.98%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 20.95%
Corporate 44.95%
Securitized 0.00%
Municipal 34.11%
Other 0.00%
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Region Exposure

% Developed Markets: 83.64%    % Emerging Markets: 0.00%    % Unidentified Markets: 16.36%

Americas 80.56%
75.99%
Canada 2.30%
United States 73.69%
4.57%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.69%
United Kingdom 0.00%
2.69%
France 0.75%
Ireland 1.95%
0.00%
0.00%
Greater Asia 0.39%
Japan 0.00%
0.39%
Australia 0.39%
0.00%
0.00%
Unidentified Region 16.36%

Bond Credit Quality Exposure

AAA 0.83%
AA 24.65%
A 5.71%
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 2.31%
Not Available 66.50%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
27.97%
Less than 1 Year
27.97%
Intermediate
19.12%
1 to 3 Years
9.74%
3 to 5 Years
0.00%
5 to 10 Years
9.38%
Long Term
52.91%
10 to 20 Years
14.93%
20 to 30 Years
1.09%
Over 30 Years
36.89%
Other
0.00%
As of December 31, 2025
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