Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.08%
Stock 0.00%
Bond 96.92%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 3.45%
Corporate 27.59%
Securitized 58.29%
Municipal 4.58%
Other 6.09%
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Region Exposure

% Developed Markets: 52.86%    % Emerging Markets: 0.45%    % Unidentified Markets: 46.69%

Americas 48.59%
47.87%
United States 47.87%
0.72%
Chile 0.45%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.25%
United Kingdom 2.29%
1.95%
Germany 0.67%
Ireland 1.28%
0.00%
0.00%
Greater Asia 0.47%
Japan 0.00%
0.27%
Australia 0.27%
0.20%
Singapore 0.20%
0.00%
Unidentified Region 46.69%

Bond Credit Quality Exposure

AAA 0.27%
AA 3.20%
A 0.61%
BBB 5.85%
BB 8.26%
B 11.83%
Below B 10.05%
    CCC 10.03%
    CC 0.00%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.11%
Not Available 57.81%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
10.49%
Less than 1 Year
10.49%
Intermediate
46.41%
1 to 3 Years
8.93%
3 to 5 Years
18.06%
5 to 10 Years
19.42%
Long Term
42.96%
10 to 20 Years
14.14%
20 to 30 Years
22.21%
Over 30 Years
6.60%
Other
0.15%
As of December 31, 2025
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