Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.31%
Stock 0.00%
Bond 96.68%
Convertible 0.00%
Preferred 0.00%
Other 2.01%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 16.28%
Corporate 70.08%
Securitized 0.00%
Municipal 12.80%
Other 0.84%
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Region Exposure

% Developed Markets: 107.5%    % Emerging Markets: 0.00%    % Unidentified Markets: -7.50%

Americas 71.03%
71.03%
Canada 15.00%
United States 56.04%
0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 24.15%
United Kingdom 3.81%
20.34%
Denmark 0.38%
Finland 0.95%
France 8.84%
Germany 0.81%
Italy 0.37%
Netherlands 4.70%
Norway 0.98%
Spain 0.16%
Sweden 0.37%
Switzerland 0.73%
0.00%
0.00%
Greater Asia 12.31%
Japan 5.87%
6.14%
Australia 5.61%
0.30%
Singapore 0.30%
0.00%
Unidentified Region -7.50%

Bond Credit Quality Exposure

AAA 5.38%
AA 38.66%
A 23.27%
BBB 26.46%
BB 5.88%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.35%
Not Available 0.00%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.56%
Less than 1 Year
1.56%
Intermediate
73.55%
1 to 3 Years
5.02%
3 to 5 Years
11.17%
5 to 10 Years
57.36%
Long Term
24.89%
10 to 20 Years
15.93%
20 to 30 Years
8.96%
Over 30 Years
0.00%
Other
0.00%
As of December 31, 2025
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