Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.39%
Stock 0.00%
Bond 98.18%
Convertible 0.00%
Preferred 0.00%
Other -0.57%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 19.90%
Corporate 62.37%
Securitized 3.04%
Municipal 10.48%
Other 4.22%
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Region Exposure

% Developed Markets: 89.76%    % Emerging Markets: 9.45%    % Unidentified Markets: 0.78%

Americas 81.80%
77.72%
Canada 44.84%
United States 32.88%
4.08%
Argentina 0.58%
Brazil 1.01%
Colombia 0.32%
Mexico 1.03%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.07%
United Kingdom 2.87%
5.84%
Austria 0.03%
Belgium 0.07%
Denmark 0.01%
France 1.38%
Germany 0.99%
Greece 0.05%
Ireland 0.58%
Italy 0.42%
Netherlands 1.47%
Norway 0.00%
Spain 0.25%
Sweden 0.03%
Switzerland 0.00%
2.34%
Poland 0.67%
Turkey 0.91%
2.02%
Israel 0.47%
Qatar 0.19%
Saudi Arabia 0.93%
United Arab Emirates 0.43%
Greater Asia 4.34%
Japan 0.30%
0.97%
Australia 0.97%
0.25%
Hong Kong 0.04%
Singapore 0.19%
2.81%
China 0.98%
Indonesia 0.99%
Pakistan 0.36%
Philippines 0.38%
Unidentified Region 0.78%

Bond Credit Quality Exposure

AAA 13.21%
AA 6.07%
A 23.34%
BBB 38.86%
BB 9.72%
B 2.54%
Below B 1.41%
    CCC 1.40%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.18%
Not Available 4.68%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.60%
Less than 1 Year
0.60%
Intermediate
79.94%
1 to 3 Years
14.55%
3 to 5 Years
20.40%
5 to 10 Years
44.99%
Long Term
19.12%
10 to 20 Years
7.26%
20 to 30 Years
9.27%
Over 30 Years
2.59%
Other
0.33%
As of December 31, 2025
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