Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.60%
Stock 0.00%
Bond 98.19%
Convertible 0.00%
Preferred 0.00%
Other 0.21%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 4.07%
Corporate 91.47%
Securitized 3.16%
Municipal 0.58%
Other 0.72%
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Region Exposure

% Developed Markets: 96.12%    % Emerging Markets: 2.22%    % Unidentified Markets: 1.66%

Americas 76.06%
73.73%
Canada 4.75%
United States 68.99%
2.32%
Brazil 0.15%
Mexico 0.98%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 15.36%
United Kingdom 3.02%
12.03%
Denmark 0.38%
Finland 0.36%
France 1.33%
Ireland 3.32%
Italy 0.22%
Netherlands 1.41%
Spain 1.04%
Switzerland 1.76%
0.00%
0.31%
Saudi Arabia 0.31%
Greater Asia 6.93%
Japan 2.27%
3.34%
Australia 3.34%
0.70%
Singapore 0.19%
0.62%
India 0.62%
Unidentified Region 1.66%

Bond Credit Quality Exposure

AAA 3.01%
AA 5.14%
A 31.30%
BBB 50.16%
BB 8.19%
B 1.88%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.32%
Not Available 0.00%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.79%
Less than 1 Year
2.79%
Intermediate
66.47%
1 to 3 Years
10.47%
3 to 5 Years
16.16%
5 to 10 Years
39.83%
Long Term
29.70%
10 to 20 Years
11.42%
20 to 30 Years
16.80%
Over 30 Years
1.48%
Other
1.04%
As of December 31, 2025
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