Asset Allocation

As of December 31, 2025.
Type % Net
Cash 96.47%
Stock 0.00%
Bond 4.23%
Convertible 0.00%
Preferred 0.00%
Other -0.70%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 75.84%
Corporate 0.00%
Securitized 1.98%
Municipal 22.18%
Other 0.00%
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Region Exposure

% Developed Markets: 56.76%    % Emerging Markets: 0.00%    % Unidentified Markets: 43.24%

Americas 34.89%
33.68%
Canada 8.57%
United States 25.10%
1.21%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 15.65%
United Kingdom 4.81%
9.13%
Belgium 0.08%
Finland 0.56%
France 1.40%
Germany 1.54%
Ireland 0.88%
Netherlands 0.54%
Norway 1.02%
Spain 0.18%
Sweden 2.83%
0.00%
1.70%
United Arab Emirates 1.70%
Greater Asia 6.23%
Japan 0.69%
3.96%
Australia 3.71%
1.58%
Singapore 1.58%
0.00%
Unidentified Region 43.24%

Bond Credit Quality Exposure

AAA 4.37%
AA 17.78%
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 77.85%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
75.84%
Less than 1 Year
75.84%
Intermediate
3.96%
1 to 3 Years
0.00%
3 to 5 Years
3.24%
5 to 10 Years
0.72%
Long Term
20.20%
10 to 20 Years
0.00%
20 to 30 Years
20.20%
Over 30 Years
0.00%
Other
0.00%
As of December 31, 2025
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