Asset Allocation

As of December 31, 2025.
Type % Net
Cash 83.08%
Stock 0.00%
Bond 13.47%
Convertible 0.00%
Preferred 3.45%
Other 0.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 63.86%
Securitized 0.89%
Municipal 35.25%
Other 0.00%
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Region Exposure

% Developed Markets: 48.34%    % Emerging Markets: 0.00%    % Unidentified Markets: 51.66%

Americas 45.82%
45.82%
Canada 10.42%
United States 35.40%
0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 1.37%
United Kingdom 0.54%
0.84%
France 0.84%
0.00%
0.00%
Greater Asia 1.15%
Japan 0.00%
1.15%
Australia 1.15%
0.00%
0.00%
Unidentified Region 51.66%

Bond Credit Quality Exposure

AAA 3.43%
AA 3.25%
A 5.64%
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 87.68%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
23.12%
Less than 1 Year
23.12%
Intermediate
26.12%
1 to 3 Years
11.06%
3 to 5 Years
8.41%
5 to 10 Years
6.65%
Long Term
50.76%
10 to 20 Years
39.65%
20 to 30 Years
4.94%
Over 30 Years
6.17%
Other
0.00%
As of December 31, 2025
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