Asset Allocation

As of December 31, 2025.
Type % Net
Cash -3.58%
Stock 0.00%
Bond 102.9%
Convertible 0.00%
Preferred 0.00%
Other 0.70%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 84.30%
Corporate 1.02%
Securitized 13.60%
Municipal 0.00%
Other 1.08%
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Region Exposure

% Developed Markets: 111.2%    % Emerging Markets: 0.09%    % Unidentified Markets: -11.34%

Americas 104.4%
103.4%
Canada 0.37%
United States 103.1%
0.98%
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 4.50%
United Kingdom -0.00%
4.50%
Denmark 0.23%
Finland 0.00%
France 1.52%
Germany 0.00%
Ireland 1.87%
Italy 0.44%
Netherlands 0.40%
Norway 0.00%
Sweden 0.01%
Switzerland 0.03%
0.00%
0.00%
Greater Asia 2.44%
Japan 2.43%
0.00%
Australia 0.00%
0.00%
0.00%
Philippines 0.00%
Unidentified Region -11.34%

Bond Credit Quality Exposure

AAA 5.00%
AA 81.89%
A 4.10%
BBB 0.64%
BB 0.24%
B 0.25%
Below B 1.43%
    CCC 1.05%
    CC 0.23%
    C 0.12%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 0.51%
Not Available 5.95%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.20%
Less than 1 Year
2.20%
Intermediate
63.71%
1 to 3 Years
13.04%
3 to 5 Years
17.48%
5 to 10 Years
33.19%
Long Term
33.23%
10 to 20 Years
10.24%
20 to 30 Years
12.66%
Over 30 Years
10.34%
Other
0.86%
As of December 31, 2025
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