Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.93%
Stock 0.00%
Bond 97.65%
Convertible 0.00%
Preferred 0.48%
Other 0.94%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 17.00%
Corporate 25.66%
Securitized 54.67%
Municipal 1.45%
Other 1.21%
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Region Exposure

% Developed Markets: 93.35%    % Emerging Markets: 2.68%    % Unidentified Markets: 3.97%

Americas 87.51%
84.83%
Canada 0.81%
United States 84.02%
2.68%
Colombia 0.39%
Mexico 2.29%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.35%
United Kingdom 4.24%
4.11%
France 0.96%
Italy 0.80%
Netherlands 1.45%
Switzerland 0.70%
0.00%
0.00%
Greater Asia 0.17%
Japan 0.17%
0.00%
0.00%
0.00%
Unidentified Region 3.97%

Bond Credit Quality Exposure

AAA 4.43%
AA 27.63%
A 6.93%
BBB 20.93%
BB 2.03%
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 0.00%
Not Available 38.05%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.26%
Less than 1 Year
2.26%
Intermediate
32.20%
1 to 3 Years
5.81%
3 to 5 Years
10.19%
5 to 10 Years
16.20%
Long Term
65.50%
10 to 20 Years
9.17%
20 to 30 Years
47.64%
Over 30 Years
8.69%
Other
0.04%
As of December 31, 2025
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