Asset Allocation

As of December 31, 2025.
Type % Net
Cash 4.82%
Stock 0.00%
Bond 94.96%
Convertible 0.03%
Preferred 0.03%
Other 0.16%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 27.47%
Corporate 32.19%
Securitized 38.17%
Municipal 1.04%
Other 1.12%
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Region Exposure

% Developed Markets: 96.30%    % Emerging Markets: 1.19%    % Unidentified Markets: 2.51%

Americas 89.31%
88.51%
Canada 2.34%
United States 86.16%
0.80%
Mexico 0.25%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.87%
United Kingdom 0.60%
5.98%
Denmark 0.99%
France 0.65%
Germany 0.83%
Ireland 0.24%
Italy 0.55%
Netherlands 0.00%
Spain 0.53%
Sweden 0.21%
Switzerland 0.50%
0.30%
0.00%
Greater Asia 1.31%
Japan 0.00%
0.28%
Australia 0.28%
0.51%
Singapore 0.51%
0.52%
China 0.52%
Unidentified Region 2.51%

Bond Credit Quality Exposure

AAA 9.93%
AA 35.13%
A 10.22%
BBB 14.08%
BB 3.14%
B 2.41%
Below B 0.14%
    CCC 0.14%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.96%
Not Available 23.99%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.46%
Less than 1 Year
4.46%
Intermediate
40.37%
1 to 3 Years
9.07%
3 to 5 Years
13.80%
5 to 10 Years
17.50%
Long Term
54.14%
10 to 20 Years
12.48%
20 to 30 Years
39.28%
Over 30 Years
2.38%
Other
1.02%
As of December 31, 2025
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