Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.82%
Stock 0.00%
Bond 94.04%
Convertible 0.14%
Preferred 0.63%
Other 3.36%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 25.50%
Corporate 57.16%
Securitized 10.85%
Municipal 2.51%
Other 3.98%
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Region Exposure

% Developed Markets: 87.82%    % Emerging Markets: 6.62%    % Unidentified Markets: 5.57%

Americas 68.33%
66.95%
Canada 11.14%
United States 55.81%
1.37%
Brazil 1.30%
Chile 0.08%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.31%
United Kingdom 3.92%
7.05%
Austria 0.37%
Finland 0.67%
France 0.74%
Germany 0.97%
Ireland 0.71%
Netherlands 0.23%
Norway 1.76%
Spain 0.18%
Sweden 0.18%
Switzerland 0.58%
0.97%
Czech Republic 0.97%
0.37%
Qatar 0.15%
United Arab Emirates 0.23%
Greater Asia 13.80%
Japan 1.76%
6.99%
Australia 3.79%
0.77%
South Korea 0.77%
4.28%
China 0.27%
Indonesia 1.99%
Philippines 2.02%
Unidentified Region 5.57%

Bond Credit Quality Exposure

AAA 11.89%
AA 17.38%
A 5.19%
BBB 29.82%
BB 16.25%
B 4.81%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 14.65%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.62%
Less than 1 Year
2.62%
Intermediate
57.67%
1 to 3 Years
4.53%
3 to 5 Years
13.35%
5 to 10 Years
39.79%
Long Term
36.22%
10 to 20 Years
13.70%
20 to 30 Years
16.53%
Over 30 Years
5.99%
Other
3.49%
As of December 31, 2025
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