Asset Allocation

As of December 31, 2025.
Type % Net
Cash 46.80%
Stock -1.63%
Bond 40.81%
Convertible 0.83%
Preferred -0.16%
Other 13.36%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 58.97%
Corporate 20.11%
Securitized 0.17%
Municipal 0.00%
Other 20.75%
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Region Exposure

% Developed Markets: 72.33%    % Emerging Markets: -0.03%    % Unidentified Markets: 27.70%

Americas 68.15%
61.63%
Canada 0.09%
United States 61.54%
6.52%
Mexico -0.03%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.85%
United Kingdom 0.65%
1.95%
Belgium 0.01%
Denmark -0.01%
Finland 0.18%
France 0.58%
Germany 0.03%
Ireland 0.69%
Italy 0.06%
Netherlands 0.17%
Norway 0.02%
Portugal 0.03%
Spain 0.04%
Sweden 0.11%
Switzerland 0.22%
0.00%
0.25%
Israel 0.25%
Greater Asia 1.30%
Japan 0.60%
0.31%
Australia 0.30%
0.40%
Hong Kong 0.07%
Singapore 0.33%
-0.02%
China 0.01%
Thailand -0.02%
Unidentified Region 27.70%

Bond Credit Quality Exposure

AAA 0.00%
AA 13.84%
A 0.00%
BBB 2.17%
BB 0.04%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 83.94%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
62.52%
Less than 1 Year
62.52%
Intermediate
37.44%
1 to 3 Years
19.19%
3 to 5 Years
15.49%
5 to 10 Years
2.76%
Long Term
0.04%
10 to 20 Years
0.04%
20 to 30 Years
0.00%
Over 30 Years
0.00%
Other
0.00%
As of December 31, 2025
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