Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.04%
Stock 0.14%
Bond 98.70%
Convertible 0.00%
Preferred 0.04%
Other 0.08%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 25.92%
Corporate 36.05%
Securitized 9.05%
Municipal 24.49%
Other 4.49%
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Region Exposure

% Developed Markets: 93.31%    % Emerging Markets: 1.92%    % Unidentified Markets: 4.77%

Americas 92.60%
89.77%
Canada 76.72%
United States 13.04%
2.83%
Chile 0.00%
Colombia 0.18%
Mexico 1.11%
Peru 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.38%
United Kingdom 1.15%
1.22%
Austria 0.00%
Belgium 0.02%
Denmark 0.02%
Finland 0.00%
France 0.42%
Germany 0.08%
Ireland 0.02%
Italy 0.51%
Netherlands 0.04%
Norway 0.01%
Portugal 0.01%
Spain 0.01%
Sweden 0.02%
Switzerland 0.02%
0.01%
Czech Republic 0.00%
Poland 0.00%
0.01%
Israel 0.01%
Greater Asia 0.24%
Japan 0.06%
0.07%
Australia 0.06%
0.05%
Hong Kong 0.01%
Singapore 0.02%
South Korea 0.02%
0.07%
China 0.05%
Indonesia 0.01%
Malaysia 0.01%
Thailand 0.01%
Unidentified Region 4.77%

Bond Credit Quality Exposure

AAA 33.41%
AA 17.00%
A 17.29%
BBB 17.79%
BB 4.46%
B 2.14%
Below B 0.55%
    CCC 0.53%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.02%
Not Rated 0.80%
Not Available 6.57%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.30%
Less than 1 Year
2.30%
Intermediate
60.99%
1 to 3 Years
8.98%
3 to 5 Years
13.39%
5 to 10 Years
38.63%
Long Term
36.52%
10 to 20 Years
11.58%
20 to 30 Years
20.09%
Over 30 Years
4.84%
Other
0.19%
As of December 31, 2025
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