Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.72%
Stock 4.78%
Bond 84.01%
Convertible 0.00%
Preferred 0.04%
Other 8.45%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 56.75%
Corporate 33.40%
Securitized 8.93%
Municipal 0.41%
Other 0.51%
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Region Exposure

% Developed Markets: 79.33%    % Emerging Markets: 3.95%    % Unidentified Markets: 16.72%

Americas 73.29%
68.92%
Canada 3.27%
United States 65.65%
4.37%
Argentina 0.46%
Brazil 1.02%
Colombia 0.46%
Mexico 1.12%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.94%
United Kingdom 2.36%
6.50%
Austria 0.01%
Belgium 0.60%
Denmark 0.14%
Finland 0.02%
France 0.71%
Germany 0.68%
Ireland 1.46%
Italy 0.07%
Netherlands 1.05%
Norway 0.04%
Portugal 0.04%
Spain 0.08%
Sweden 0.08%
Switzerland 0.38%
0.08%
0.00%
Israel 0.00%
Greater Asia 1.05%
Japan 0.65%
0.35%
Australia 0.32%
0.06%
Hong Kong 0.01%
Singapore 0.05%
0.00%
Unidentified Region 16.72%

Bond Credit Quality Exposure

AAA 12.34%
AA 45.03%
A 6.78%
BBB 26.41%
BB 5.07%
B 1.49%
Below B 1.08%
    CCC 1.04%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.05%
Not Rated 0.05%
Not Available 1.76%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.69%
Less than 1 Year
2.69%
Intermediate
59.56%
1 to 3 Years
6.03%
3 to 5 Years
8.96%
5 to 10 Years
44.58%
Long Term
37.22%
10 to 20 Years
7.39%
20 to 30 Years
26.61%
Over 30 Years
3.22%
Other
0.52%
As of December 31, 2025
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