Asset Allocation

As of December 31, 2025.
Type % Net
Cash 7.17%
Stock 0.02%
Bond 92.18%
Convertible 0.00%
Preferred 0.02%
Other 0.61%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 15.81%
Corporate 30.13%
Securitized 52.57%
Municipal 0.29%
Other 1.19%
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Region Exposure

% Developed Markets: 85.01%    % Emerging Markets: 1.65%    % Unidentified Markets: 13.34%

Americas 82.09%
77.57%
Canada 1.05%
United States 76.53%
4.52%
Argentina 0.08%
Brazil 0.07%
Chile 0.13%
Colombia 0.10%
Mexico 0.46%
Peru 0.03%
Venezuela 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.71%
United Kingdom 1.31%
2.08%
Belgium 0.06%
Denmark 0.02%
France 0.57%
Germany 0.04%
Ireland 0.21%
Italy 0.04%
Netherlands 0.31%
Norway 0.23%
Spain 0.12%
Sweden 0.10%
Switzerland 0.10%
0.15%
0.17%
Israel 0.03%
South Africa 0.10%
Greater Asia 0.85%
Japan 0.45%
0.32%
Australia 0.29%
0.02%
Singapore 0.02%
0.07%
India 0.03%
Indonesia 0.01%
Kazakhstan 0.02%
Unidentified Region 13.34%

Bond Credit Quality Exposure

AAA 17.59%
AA 27.30%
A 10.94%
BBB 16.36%
BB 2.79%
B 1.76%
Below B 0.68%
    CCC 0.66%
    CC 0.02%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.68%
Not Available 21.89%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.14%
Less than 1 Year
1.14%
Intermediate
37.96%
1 to 3 Years
8.60%
3 to 5 Years
10.98%
5 to 10 Years
18.38%
Long Term
60.51%
10 to 20 Years
20.36%
20 to 30 Years
33.88%
Over 30 Years
6.27%
Other
0.39%
As of December 31, 2025
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