Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.71%
Stock 0.08%
Bond 98.63%
Convertible 0.00%
Preferred 2.24%
Other -0.23%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 13.16%
Corporate 32.11%
Securitized 47.89%
Municipal 2.35%
Other 4.49%
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Region Exposure

% Developed Markets: 99.88%    % Emerging Markets: 0.13%    % Unidentified Markets: -0.02%

Americas 99.47%
99.29%
Canada 2.14%
United States 97.15%
0.18%
Argentina 0.01%
Brazil 0.02%
Chile 0.00%
Colombia 0.03%
Mexico 0.01%
Peru 0.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.55%
United Kingdom 0.05%
0.47%
Austria 0.01%
France 0.01%
Germany 0.00%
Ireland 0.01%
Italy 0.01%
Netherlands 0.01%
Norway 0.00%
Spain 0.00%
Switzerland 0.39%
0.02%
Czech Republic 0.00%
Poland 0.00%
Russia 0.00%
Turkey 0.00%
0.01%
Egypt 0.00%
South Africa 0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
Hong Kong 0.00%
Singapore 0.00%
0.00%
India 0.00%
Indonesia 0.00%
Kazakhstan 0.00%
Malaysia 0.00%
Philippines 0.00%
Thailand 0.00%
Unidentified Region -0.02%

Bond Credit Quality Exposure

AAA 0.03%
AA 32.15%
A 0.92%
BBB 29.43%
BB 4.22%
B 0.23%
Below B 0.23%
    CCC 0.17%
    CC 0.03%
    C 0.02%
    DDD 0.00%
    DD 0.00%
    D 0.02%
Not Rated 0.60%
Not Available 32.19%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.27%
Less than 1 Year
0.27%
Intermediate
24.08%
1 to 3 Years
7.52%
3 to 5 Years
1.00%
5 to 10 Years
15.56%
Long Term
73.89%
10 to 20 Years
20.58%
20 to 30 Years
37.01%
Over 30 Years
16.30%
Other
1.77%
As of December 31, 2025
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