Asset Allocation

As of December 31, 2025.
Type % Net
Cash 7.81%
Stock 0.00%
Bond 91.27%
Convertible 0.00%
Preferred 0.15%
Other 0.77%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 27.98%
Corporate 25.80%
Securitized 44.85%
Municipal 0.53%
Other 0.84%
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Region Exposure

% Developed Markets: 94.33%    % Emerging Markets: 0.10%    % Unidentified Markets: 5.57%

Americas 90.27%
89.68%
Canada 1.62%
United States 88.06%
0.59%
Mexico 0.09%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.69%
United Kingdom 0.70%
2.94%
Denmark 0.13%
France 1.17%
Ireland 0.01%
Italy 0.34%
Netherlands 0.41%
Norway 0.01%
Spain 0.47%
Sweden 0.24%
Switzerland 0.17%
0.00%
0.04%
United Arab Emirates 0.04%
Greater Asia 0.48%
Japan 0.00%
0.16%
0.32%
Hong Kong 0.00%
Singapore 0.32%
0.00%
Unidentified Region 5.57%

Bond Credit Quality Exposure

AAA 6.97%
AA 39.12%
A 12.92%
BBB 14.01%
BB 2.46%
B 0.79%
Below B 0.43%
    CCC 0.41%
    CC 0.02%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.39%
Not Available 22.92%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.49%
Less than 1 Year
6.49%
Intermediate
38.24%
1 to 3 Years
11.18%
3 to 5 Years
11.37%
5 to 10 Years
15.69%
Long Term
54.62%
10 to 20 Years
13.04%
20 to 30 Years
41.02%
Over 30 Years
0.56%
Other
0.65%
As of December 31, 2025
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