Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.77%
Stock 0.00%
Bond 97.97%
Convertible 0.02%
Preferred 0.10%
Other 0.14%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 31.02%
Corporate 54.91%
Securitized 3.69%
Municipal 0.54%
Other 9.83%
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Region Exposure

% Developed Markets: 98.26%    % Emerging Markets: 1.06%    % Unidentified Markets: 0.68%

Americas 96.13%
95.90%
Canada 84.42%
United States 11.48%
0.23%
Brazil 0.23%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 1.30%
United Kingdom 0.46%
0.70%
Austria 0.04%
Finland 0.05%
France 0.02%
Germany 0.22%
Netherlands 0.04%
Norway 0.13%
Spain 0.04%
0.14%
Czech Republic 0.14%
0.00%
Greater Asia 1.89%
Japan 0.27%
0.81%
Australia 0.32%
0.12%
South Korea 0.12%
0.69%
China 0.07%
Indonesia 0.38%
Philippines 0.24%
Unidentified Region 0.68%

Bond Credit Quality Exposure

AAA 35.13%
AA 5.36%
A 17.59%
BBB 30.29%
BB 2.41%
B 0.65%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.23%
Not Available 8.33%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.12%
Less than 1 Year
4.12%
Intermediate
87.45%
1 to 3 Years
25.30%
3 to 5 Years
43.82%
5 to 10 Years
18.32%
Long Term
5.70%
10 to 20 Years
1.70%
20 to 30 Years
1.51%
Over 30 Years
2.49%
Other
2.73%
As of December 31, 2025
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