Asset Allocation

As of December 31, 2025.
Type % Net
Cash -19.84%
Stock 0.00%
Bond 106.1%
Convertible 0.00%
Preferred 0.00%
Other 13.74%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 86.39%
Corporate 0.65%
Securitized 11.92%
Municipal 0.00%
Other 1.04%
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Region Exposure

% Developed Markets: 114.0%    % Emerging Markets: 2.61%    % Unidentified Markets: -16.60%

Americas 108.3%
104.4%
Canada 0.42%
United States 103.9%
3.93%
Brazil 2.53%
Mexico 0.05%
Peru 0.02%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.51%
United Kingdom 0.01%
5.50%
Denmark 0.14%
France 2.40%
Germany 0.00%
Ireland 2.03%
Italy 0.47%
Netherlands 0.44%
Sweden 0.00%
Switzerland 0.01%
0.00%
0.00%
Greater Asia 2.79%
Japan 2.79%
0.00%
Australia 0.00%
0.00%
0.00%
Unidentified Region -16.60%

Bond Credit Quality Exposure

AAA 4.32%
AA 78.90%
A 4.83%
BBB 0.56%
BB 2.31%
B 0.17%
Below B 2.68%
    CCC 1.70%
    CC 0.62%
    C 0.14%
    DDD 0.00%
    DD 0.00%
    D 0.23%
Not Rated 0.39%
Not Available 5.83%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.30%
Less than 1 Year
6.30%
Intermediate
73.29%
1 to 3 Years
25.68%
3 to 5 Years
35.37%
5 to 10 Years
12.24%
Long Term
19.42%
10 to 20 Years
4.81%
20 to 30 Years
4.43%
Over 30 Years
10.18%
Other
0.98%
As of December 31, 2025
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