Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.74%
Stock 0.01%
Bond 98.82%
Convertible 0.00%
Preferred 0.00%
Other -0.57%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 20.41%
Corporate 63.69%
Securitized 6.33%
Municipal 6.23%
Other 3.34%
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Region Exposure

% Developed Markets: 86.75%    % Emerging Markets: 9.36%    % Unidentified Markets: 3.90%

Americas 83.57%
79.63%
Canada 39.25%
United States 40.38%
3.94%
Argentina 0.57%
Brazil 1.03%
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 8.05%
United Kingdom 1.69%
2.07%
Austria 0.04%
Denmark 0.03%
France 0.39%
Germany 0.06%
Greece 0.01%
Ireland 0.38%
Italy 0.04%
Netherlands 0.36%
Norway 0.01%
Spain 0.30%
Switzerland 0.01%
2.30%
Poland 0.65%
Turkey 0.90%
1.98%
Israel 0.46%
Qatar 0.19%
Saudi Arabia 0.91%
United Arab Emirates 0.42%
Greater Asia 4.49%
Japan 0.82%
0.51%
Australia 0.51%
0.39%
Hong Kong 0.12%
Singapore 0.24%
2.76%
China 0.96%
Indonesia 0.97%
Pakistan 0.35%
Philippines 0.37%
Unidentified Region 3.90%

Bond Credit Quality Exposure

AAA 14.29%
AA 6.53%
A 25.88%
BBB 28.43%
BB 9.16%
B 4.97%
Below B 1.80%
    CCC 1.79%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.17%
Not Available 8.75%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.40%
Less than 1 Year
1.40%
Intermediate
83.43%
1 to 3 Years
12.11%
3 to 5 Years
18.94%
5 to 10 Years
52.38%
Long Term
15.13%
10 to 20 Years
5.67%
20 to 30 Years
6.93%
Over 30 Years
2.54%
Other
0.04%
As of December 31, 2025
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