Asset Allocation

As of December 31, 2025.
Type % Net
Cash -28.92%
Stock 0.00%
Bond 116.0%
Convertible 0.00%
Preferred 0.00%
Other 12.92%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 28.12%
Corporate 25.47%
Securitized 42.72%
Municipal 1.66%
Other 2.03%
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Region Exposure

% Developed Markets: 117.2%    % Emerging Markets: 3.02%    % Unidentified Markets: -20.23%

Americas 102.5%
97.49%
Canada 3.32%
United States 94.17%
4.99%
Chile 0.40%
Mexico 0.81%
Peru 0.76%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.53%
United Kingdom 2.40%
9.63%
Belgium 1.01%
Denmark 0.19%
France 0.24%
Ireland 1.11%
Italy 0.62%
Netherlands 3.49%
Sweden 0.91%
Switzerland 0.56%
0.28%
0.22%
United Arab Emirates 0.22%
Greater Asia 5.22%
Japan 3.62%
0.37%
Australia 0.37%
0.47%
South Korea 0.47%
0.77%
India 0.77%
Unidentified Region -20.23%

Bond Credit Quality Exposure

AAA 14.44%
AA 36.87%
A 9.41%
BBB 12.08%
BB 1.05%
B 0.00%
Below B 0.61%
    CCC 0.33%
    CC 0.20%
    C 0.07%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.77%
Not Available 24.78%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.00%
Less than 1 Year
2.00%
Intermediate
33.48%
1 to 3 Years
10.26%
3 to 5 Years
8.39%
5 to 10 Years
14.83%
Long Term
62.72%
10 to 20 Years
18.84%
20 to 30 Years
36.96%
Over 30 Years
6.93%
Other
1.80%
As of December 31, 2025
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