Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.47%
Stock 0.00%
Bond 98.39%
Convertible 0.00%
Preferred 0.15%
Other -1.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 12.25%
Corporate 46.55%
Securitized 37.45%
Municipal 1.29%
Other 2.45%
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Region Exposure

% Developed Markets: 96.14%    % Emerging Markets: 2.47%    % Unidentified Markets: 1.39%

Americas 72.03%
70.95%
Canada 2.54%
United States 68.41%
1.07%
Chile 0.29%
Mexico 0.35%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 23.69%
United Kingdom 0.41%
22.80%
Denmark 0.30%
Finland 0.54%
France 2.26%
Germany 4.13%
Ireland 1.96%
Italy 0.74%
Netherlands 8.00%
Norway 0.56%
Spain 1.82%
Sweden 0.78%
0.28%
0.20%
Greater Asia 2.89%
Japan 0.00%
1.36%
Australia 1.36%
0.18%
South Korea 0.18%
1.35%
India 0.47%
Philippines 0.88%
Unidentified Region 1.39%

Bond Credit Quality Exposure

AAA 13.49%
AA 12.59%
A 16.01%
BBB 25.85%
BB 2.08%
B 0.94%
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 29.04%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
7.01%
Less than 1 Year
7.01%
Intermediate
57.10%
1 to 3 Years
18.77%
3 to 5 Years
17.40%
5 to 10 Years
20.93%
Long Term
34.92%
10 to 20 Years
5.39%
20 to 30 Years
27.53%
Over 30 Years
2.00%
Other
0.97%
As of December 31, 2025
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