Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.62%
Stock 0.00%
Bond 99.67%
Convertible 0.00%
Preferred 0.00%
Other -0.30%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 6.06%
Corporate 60.69%
Securitized 31.49%
Municipal 0.00%
Other 1.77%
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Region Exposure

% Developed Markets: 85.86%    % Emerging Markets: 3.14%    % Unidentified Markets: 11.00%

Americas 80.03%
74.43%
Canada 0.54%
United States 73.89%
5.61%
Colombia 0.31%
Mexico 0.22%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.66%
United Kingdom 2.12%
4.49%
Denmark 0.07%
France 0.63%
Germany 0.24%
Ireland 1.31%
Italy 0.08%
Netherlands 1.09%
Switzerland 0.16%
1.05%
0.00%
Greater Asia 1.32%
Japan 0.54%
0.16%
Australia 0.16%
0.06%
Hong Kong 0.06%
0.56%
Indonesia 0.27%
Kazakhstan 0.28%
Unidentified Region 11.00%

Bond Credit Quality Exposure

AAA 26.53%
AA 5.59%
A 7.39%
BBB 39.50%
BB 12.73%
B 2.60%
Below B 0.82%
    CCC 0.82%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 4.84%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
8.92%
Less than 1 Year
8.92%
Intermediate
77.18%
1 to 3 Years
29.96%
3 to 5 Years
32.01%
5 to 10 Years
15.21%
Long Term
12.95%
10 to 20 Years
5.03%
20 to 30 Years
3.03%
Over 30 Years
4.90%
Other
0.95%
As of December 31, 2025
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