Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.62%
Stock 0.33%
Bond 91.42%
Convertible 0.00%
Preferred 4.56%
Other 1.08%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 15.94%
Corporate 37.16%
Securitized 39.92%
Municipal 1.06%
Other 5.93%
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Region Exposure

% Developed Markets: 93.35%    % Emerging Markets: 0.02%    % Unidentified Markets: 6.63%

Americas 90.53%
89.68%
Canada 0.41%
United States 89.27%
0.84%
Brazil 0.00%
Chile 0.00%
Mexico 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.47%
United Kingdom 2.13%
0.33%
Austria 0.00%
Finland 0.00%
France 0.03%
Germany 0.01%
Greece 0.00%
Ireland 0.03%
Italy 0.00%
Netherlands 0.05%
Norway 0.00%
Spain 0.01%
Switzerland 0.13%
0.00%
0.01%
Israel 0.01%
Greater Asia 0.37%
Japan 0.06%
0.03%
Australia 0.03%
0.28%
Hong Kong 0.25%
Singapore 0.01%
0.00%
China 0.00%
Unidentified Region 6.63%

Bond Credit Quality Exposure

AAA 16.08%
AA 26.71%
A 8.29%
BBB 23.49%
BB 6.57%
B 2.74%
Below B 0.41%
    CCC 0.41%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 4.69%
Not Available 11.01%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.90%
Less than 1 Year
3.90%
Intermediate
25.72%
1 to 3 Years
9.12%
3 to 5 Years
8.01%
5 to 10 Years
8.59%
Long Term
67.65%
10 to 20 Years
14.75%
20 to 30 Years
43.02%
Over 30 Years
9.88%
Other
2.73%
As of December 31, 2025
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