Asset allocation
Distribution
| Type | % Net assets | % Short | % Long |
|---|---|---|---|
| US bond | 97.73% | 12.08% | 109.81% |
| Cash | -15.60% | 38.86% | 23.26% |
| Non-US bond | 9.55% | 2.70% | 12.25% |
| US stock | 0.14% | 0.00% | 0.14% |
| Non-US stock | 0.04% | 0.00% | 0.04% |
| Other | 8.13% | 0.06% | 8.19% |
As of Dec 31 2025
Weightings
Sectors
- Sectors
- Regions
| Sector | % Net assets | Category average |
|---|---|---|
| Agency Mortgage-Backed | 27.45% | 29.76% |
| Government | 27.32% | 22.03% |
| Government Related | 27.30% | 13.60% |
| Cash & Equivalents | 18.90% | 5.06% |
| Asset-Backed | 13.51% | 9.66% |
| Corporate Bond | 13.07% | 28.72% |
| Non-Agency Residential Mortgage-Backed | 5.13% | 1.02% |
| Bank Loan | 4.62% | 0.27% |
| Future/Forward | 4.04% | 1.05% |
| Other | 4.02% | -11.17% |
As of Dec 31 2025. Sectors weighting is calculated using only long position holdings of the portfolio.
Top 10 holdings
| Top 10 holdings as a per cent of portfolio | |||
|---|---|---|---|
| 61.79% | 99.27% | 0.00% | 99.27% |
| Category average | % Net assets | % Short | % Long |
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Vanguard Total Bond Market Index Fund Institutional Shares VBTIX | +1.55% | 30.72% | |
| PIMCO Income Fund Institutional Class PIMIX | +2.42% | 16.06% | |
| DoubleLine Total Return Bond Fund Class I DBLTX | +1.13% | 15.09% | |
| TCW MetWest Total Return Bond Fund Plan Class MWTSX | +1.52% | 10.10% | |
| River Canyon Total Return Bond Fund Institutional Shares RCTIX | -1.88% | 9.03% | |
| Vanguard Long-Term Treasury Index Fund ETF Shares VGLT:NMQ:USD | -1.64% | 5.60% | |
| GMO Emerging Country Debt Fund Class VI GMOQX | +15.19% | 5.34% | |
| TPG Twin Brook Capital Income D | -- | 3.23% | |
| JPMorgan Prime Money Market Inst | +0.03% | 2.33% | |
| AG Direct Lending IV A | -- | 1.77% | |
| Per cent of portfolio in top 10 holdings: 99.27% |
