Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.74%
Stock 0.31%
Bond 94.03%
Convertible 0.00%
Preferred 4.02%
Other 0.89%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 36.29%
Corporate 54.49%
Securitized 0.93%
Municipal 0.06%
Other 8.23%
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Region Exposure

% Developed Markets: 90.11%    % Emerging Markets: 6.64%    % Unidentified Markets: 3.25%

Americas 87.96%
84.85%
Canada 45.43%
United States 39.43%
3.10%
Argentina 0.25%
Brazil 0.28%
Chile 0.25%
Colombia 0.24%
Mexico 0.42%
Peru 0.22%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.94%
United Kingdom 1.44%
2.20%
Denmark 0.23%
Ireland 1.10%
Netherlands 0.55%
Switzerland 0.27%
1.25%
Poland 0.26%
Turkey 0.37%
2.04%
Egypt 0.21%
Nigeria 0.18%
Saudi Arabia 0.26%
South Africa 0.24%
United Arab Emirates 0.31%
Greater Asia 1.86%
Japan 0.00%
0.09%
Australia 0.09%
0.68%
Hong Kong 0.36%
Singapore 0.05%
1.09%
China 0.12%
India 0.05%
Indonesia 0.34%
Kazakhstan 0.08%
Malaysia 0.15%
Pakistan 0.04%
Philippines 0.26%
Unidentified Region 3.25%

Bond Credit Quality Exposure

AAA 11.35%
AA 19.13%
A 10.89%
BBB 26.31%
BB 17.24%
B 6.00%
Below B 0.52%
    CCC 0.50%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.02%
Not Rated 0.13%
Not Available 8.42%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.12%
Less than 1 Year
1.12%
Intermediate
73.97%
1 to 3 Years
5.49%
3 to 5 Years
21.22%
5 to 10 Years
47.25%
Long Term
22.02%
10 to 20 Years
6.24%
20 to 30 Years
10.53%
Over 30 Years
5.25%
Other
2.90%
As of December 31, 2025
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