Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.21%
Stock 0.00%
Bond 98.07%
Convertible 0.05%
Preferred 0.00%
Other 0.66%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 16.31%
Corporate 38.69%
Securitized 42.82%
Municipal 0.08%
Other 2.10%
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Region Exposure

% Developed Markets: 84.06%    % Emerging Markets: 4.02%    % Unidentified Markets: 11.92%

Americas 78.41%
74.00%
Canada 0.76%
United States 73.24%
4.42%
Argentina 0.35%
Brazil 1.19%
Chile 0.18%
Colombia 0.33%
Mexico 0.29%
Peru 0.18%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.54%
United Kingdom 2.64%
3.42%
Austria 0.10%
Denmark 0.25%
France 0.33%
Germany 0.12%
Ireland 0.38%
Italy 0.97%
Netherlands 0.46%
Spain 0.01%
Sweden -0.00%
Switzerland 0.12%
0.55%
Poland 0.18%
0.93%
Israel 0.20%
Nigeria 0.16%
South Africa 0.06%
United Arab Emirates 0.03%
Greater Asia 2.13%
Japan 1.56%
0.02%
Australia 0.02%
0.20%
Hong Kong 0.05%
Singapore 0.04%
Taiwan 0.02%
0.35%
China 0.03%
India 0.02%
Indonesia 0.24%
Unidentified Region 11.92%

Bond Credit Quality Exposure

AAA 7.83%
AA 13.38%
A 11.74%
BBB 30.22%
BB 7.56%
B 2.59%
Below B 0.17%
    CCC 0.17%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.51%
Not Available 26.00%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.02%
Less than 1 Year
2.02%
Intermediate
36.75%
1 to 3 Years
3.66%
3 to 5 Years
10.87%
5 to 10 Years
22.21%
Long Term
60.58%
10 to 20 Years
18.63%
20 to 30 Years
35.75%
Over 30 Years
6.20%
Other
0.65%
As of December 31, 2025
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