Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.19%
Stock 0.00%
Bond 98.30%
Convertible 0.00%
Preferred 0.00%
Other 0.51%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 50.46%
Corporate 20.16%
Securitized 29.00%
Municipal 0.00%
Other 0.38%
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Region Exposure

% Developed Markets: 97.13%    % Emerging Markets: 1.17%    % Unidentified Markets: 1.70%

Americas 95.16%
92.13%
Canada 0.18%
United States 91.95%
3.02%
Mexico 0.72%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.95%
United Kingdom 1.08%
1.81%
France 0.22%
Ireland 0.76%
Italy 0.22%
Netherlands 0.12%
Switzerland 0.31%
0.00%
0.06%
Saudi Arabia 0.06%
Greater Asia 0.20%
Japan 0.06%
0.12%
Australia 0.12%
0.00%
0.01%
Unidentified Region 1.70%

Bond Credit Quality Exposure

AAA 11.11%
AA 53.80%
A 6.11%
BBB 16.06%
BB 0.86%
B 0.12%
Below B 0.07%
    CCC 0.07%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.09%
Not Available 11.78%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.86%
Less than 1 Year
1.86%
Intermediate
54.85%
1 to 3 Years
3.69%
3 to 5 Years
19.17%
5 to 10 Years
31.99%
Long Term
42.00%
10 to 20 Years
14.68%
20 to 30 Years
24.42%
Over 30 Years
2.90%
Other
1.28%
As of December 31, 2025
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