Asset Allocation

As of December 31, 2025.
Type % Net
Cash -120.3%
Stock 0.00%
Bond 205.3%
Convertible 0.00%
Preferred 0.00%
Other 15.07%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 93.27%
Corporate 0.53%
Securitized 6.20%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 216.9%    % Emerging Markets: 3.28%    % Unidentified Markets: -120.2%

Americas 214.2%
212.1%
Canada 0.16%
United States 212.0%
2.04%
Mexico 0.00%
Peru 1.43%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.60%
United Kingdom 0.09%
2.70%
Ireland 2.61%
Italy 0.09%
0.00%
1.80%
South Africa 1.80%
Greater Asia 1.40%
Japan 1.40%
0.00%
0.00%
0.00%
Unidentified Region -120.2%

Bond Credit Quality Exposure

AAA 35.95%
AA 28.70%
A 1.47%
BBB 0.91%
BB 0.81%
B 0.15%
Below B 0.41%
    CCC 0.41%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 23.38%
Not Available 8.23%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
15.68%
1 to 3 Years
0.17%
3 to 5 Years
0.18%
5 to 10 Years
15.33%
Long Term
84.15%
10 to 20 Years
19.53%
20 to 30 Years
56.16%
Over 30 Years
8.45%
Other
0.17%
As of December 31, 2025
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