Top 10 Holdings %

Coupon RateMaturity%
U.S. Treasury Bond4.625%05/15/20443.9%
U.S. Treasury Note4.625%02/15/20353.9%
Treasury Inflation Index2.375%02/15/20552.7%
Federal Home Loan Mortgage Corporation5.000%11/01/20542.2%
U.S. Treasury Note4.375%05/15/20342.0%
U.S. Treasury Note3.750%04/30/20282.0%
U.S. Treasury Note4.250%08/15/20352.0%
Brean Asset Backed Securities Trust 2021-Rm11.600%10/25/20631.8%
Minerva Luxembourg Sa4.375%03/18/20311.8%
U.S. Treasury Note4.250%11/15/20341.8%

Credit Quality Breakdown

(Moody's/S&P)

U.S. Treasury28.9%
U.S. Agency2.8%
Aaa/AAA0.9%
Aa/AA32.5%
A/A5.2%
Baa/BBB5.2%
Ba/BB17.5%
B/B3.8%
Ca/CC
Not Rated
The above credit-quality ratings are derived from the underlying securities of the portfolio, and are rated by Moody's. If a rating from Moody's is unavailable, S&P's rating is used.

Composition By Security Type

Agencies2.8%
Cash & Cash Equivalents0.4%
U.S. Treasury28.9%
Mortgage-Backed33.0%
Corporate Bonds34.9%

The composition of the Portfolio is as of December 31, 2025 and is subject to change.

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