Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.00%
Stock 0.54%
Bond 97.08%
Convertible 0.00%
Preferred 0.24%
Other 0.14%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 44.76%
Corporate 23.72%
Securitized 30.58%
Municipal 0.22%
Other 0.71%
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Region Exposure

% Developed Markets: 97.03%    % Emerging Markets: 2.53%    % Unidentified Markets: 0.44%

Americas 93.62%
91.23%
Canada 0.60%
United States 90.62%
2.39%
Argentina 0.08%
Brazil 0.07%
Chile 0.08%
Colombia 0.12%
Mexico 0.52%
Peru 0.05%
Venezuela 0.07%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.18%
United Kingdom 1.56%
2.71%
Austria 0.01%
Belgium 0.17%
Denmark 0.05%
Finland 0.01%
France 0.38%
Germany 0.21%
Greece 0.00%
Ireland 0.56%
Italy 0.19%
Netherlands 0.39%
Norway 0.01%
Portugal 0.01%
Spain 0.08%
Sweden 0.03%
Switzerland 0.16%
0.29%
Czech Republic 0.01%
Poland 0.03%
Turkey 0.08%
0.61%
Egypt 0.07%
Israel 0.02%
Nigeria 0.05%
Qatar 0.04%
Saudi Arabia 0.08%
South Africa 0.05%
United Arab Emirates 0.08%
Greater Asia 0.77%
Japan 0.30%
0.16%
Australia 0.16%
0.04%
Hong Kong 0.02%
Singapore 0.02%
South Korea 0.00%
0.26%
China 0.00%
India 0.00%
Indonesia 0.08%
Kazakhstan 0.01%
Malaysia 0.02%
Pakistan 0.03%
Philippines 0.02%
Thailand 0.00%
Unidentified Region 0.44%

Bond Credit Quality Exposure

AAA 7.98%
AA 47.83%
A 6.21%
BBB 13.25%
BB 2.88%
B 1.92%
Below B 0.53%
    CCC 0.46%
    CC 0.00%
    C 0.04%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 0.18%
Not Available 19.22%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.52%
Less than 1 Year
2.52%
Intermediate
52.75%
1 to 3 Years
8.39%
3 to 5 Years
12.53%
5 to 10 Years
31.83%
Long Term
43.71%
10 to 20 Years
10.51%
20 to 30 Years
28.45%
Over 30 Years
4.74%
Other
1.02%
As of December 31, 2025
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