Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.83%
Stock 0.00%
Bond 96.38%
Convertible 0.15%
Preferred 0.43%
Other 2.21%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 28.38%
Corporate 54.81%
Securitized 11.81%
Municipal 1.51%
Other 3.49%
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Region Exposure

% Developed Markets: 87.66%    % Emerging Markets: 7.51%    % Unidentified Markets: 4.84%

Americas 66.22%
64.78%
Canada 7.74%
United States 57.04%
1.45%
Brazil 1.17%
Chile 0.27%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.18%
United Kingdom 5.23%
6.56%
Austria 0.25%
Denmark 0.14%
Finland 0.29%
France 0.65%
Germany 1.52%
Ireland 0.58%
Netherlands 0.10%
Norway 1.75%
Spain 0.09%
Switzerland 0.53%
1.01%
Czech Republic 1.01%
0.38%
Qatar 0.17%
United Arab Emirates 0.21%
Greater Asia 15.76%
Japan 1.85%
8.36%
Australia 4.61%
0.51%
Singapore 0.00%
South Korea 0.51%
5.05%
China 0.13%
India 1.05%
Indonesia 1.72%
Philippines 2.15%
Unidentified Region 4.84%

Bond Credit Quality Exposure

AAA 12.45%
AA 19.00%
A 4.45%
BBB 29.97%
BB 14.50%
B 4.59%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.09%
Not Available 14.94%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.41%
Less than 1 Year
2.41%
Intermediate
58.40%
1 to 3 Years
4.84%
3 to 5 Years
15.11%
5 to 10 Years
38.45%
Long Term
35.81%
10 to 20 Years
14.40%
20 to 30 Years
15.88%
Over 30 Years
5.52%
Other
3.38%
As of December 31, 2025
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