Asset Allocation

As of December 31, 2025.
Type % Net
Cash 7.73%
Stock 0.00%
Bond 91.18%
Convertible 0.00%
Preferred 0.00%
Other 1.09%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 32.51%
Corporate 28.65%
Securitized 35.67%
Municipal 0.28%
Other 2.88%
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Region Exposure

% Developed Markets: 85.52%    % Emerging Markets: 0.00%    % Unidentified Markets: 14.48%

Americas 80.39%
76.45%
Canada 2.43%
United States 74.01%
3.95%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.36%
United Kingdom 2.34%
2.02%
Denmark 0.24%
France 0.14%
Ireland 0.52%
Netherlands 0.72%
Switzerland 0.40%
0.00%
0.00%
Greater Asia 0.77%
Japan 0.52%
0.26%
Australia 0.26%
0.00%
0.00%
Unidentified Region 14.48%

Bond Credit Quality Exposure

AAA 23.83%
AA 37.45%
A 15.69%
BBB 12.66%
BB 2.03%
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 2.62%
Not Available 5.72%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
14.27%
Less than 1 Year
14.27%
Intermediate
58.98%
1 to 3 Years
33.34%
3 to 5 Years
20.19%
5 to 10 Years
5.45%
Long Term
26.74%
10 to 20 Years
10.08%
20 to 30 Years
9.96%
Over 30 Years
6.70%
Other
0.00%
As of December 31, 2025
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