Asset Allocation

As of December 31, 2025.
Type % Net
Cash 31.28%
Stock 0.33%
Bond 68.88%
Convertible 0.00%
Preferred 0.05%
Other -0.54%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 73.84%
Corporate 21.77%
Securitized 0.74%
Municipal 0.00%
Other 3.65%
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Region Exposure

% Developed Markets: 66.29%    % Emerging Markets: 0.09%    % Unidentified Markets: 33.62%

Americas 65.31%
64.97%
Canada 0.57%
United States 64.40%
0.34%
Brazil 0.01%
Chile 0.04%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.86%
United Kingdom 0.34%
0.52%
Austria 0.01%
France 0.15%
Germany 0.01%
Ireland 0.09%
Italy 0.05%
Netherlands 0.09%
Spain 0.03%
0.00%
0.00%
Greater Asia 0.21%
Japan 0.14%
0.04%
Australia 0.04%
0.03%
Singapore 0.00%
0.00%
Unidentified Region 33.62%

Bond Credit Quality Exposure

AAA 0.16%
AA 18.03%
A 0.01%
BBB 1.07%
BB 9.83%
B 8.17%
Below B 2.52%
    CCC 2.38%
    CC 0.10%
    C 0.04%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.42%
Not Available 59.80%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
65.51%
Less than 1 Year
65.51%
Intermediate
31.34%
1 to 3 Years
12.99%
3 to 5 Years
8.89%
5 to 10 Years
9.46%
Long Term
1.43%
10 to 20 Years
1.02%
20 to 30 Years
0.36%
Over 30 Years
0.05%
Other
1.72%
As of December 31, 2025
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