Asset Allocation

As of December 31, 2025.
Type % Net
Cash 6.60%
Stock 0.00%
Bond 92.35%
Convertible 0.00%
Preferred 0.00%
Other 1.06%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 12.68%
Corporate 86.02%
Securitized 0.88%
Municipal 0.23%
Other 0.20%
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Region Exposure

% Developed Markets: 91.38%    % Emerging Markets: 0.37%    % Unidentified Markets: 8.25%

Americas 85.41%
85.04%
Canada 1.88%
United States 83.17%
0.37%
Brazil 0.11%
Mexico 0.23%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.72%
United Kingdom 1.93%
2.79%
France 1.00%
Ireland 0.20%
Italy 0.17%
Netherlands 0.62%
Spain 0.19%
Switzerland 0.29%
0.00%
0.00%
Greater Asia 1.62%
Japan 0.60%
0.12%
Australia 0.12%
0.90%
Singapore 0.90%
0.00%
Unidentified Region 8.25%

Bond Credit Quality Exposure

AAA 0.83%
AA 17.35%
A 39.54%
BBB 40.87%
BB 0.84%
B 0.24%
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 0.33%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.68%
Less than 1 Year
1.68%
Intermediate
68.01%
1 to 3 Years
6.24%
3 to 5 Years
10.48%
5 to 10 Years
51.28%
Long Term
30.07%
10 to 20 Years
9.05%
20 to 30 Years
18.89%
Over 30 Years
2.12%
Other
0.24%
As of December 31, 2025
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