Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.69%
Stock 0.23%
Bond 94.22%
Convertible 0.00%
Preferred 0.09%
Other 2.77%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 22.90%
Corporate 48.85%
Securitized 0.26%
Municipal 21.08%
Other 6.92%
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Region Exposure

% Developed Markets: 92.76%    % Emerging Markets: 2.51%    % Unidentified Markets: 4.73%

Americas 93.07%
91.09%
Canada 79.42%
United States 11.67%
1.98%
Brazil 0.01%
Chile 0.08%
Colombia 0.01%
Mexico 1.77%
Peru 0.02%
Venezuela 0.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 1.94%
United Kingdom 0.85%
1.06%
Austria 0.01%
Belgium 0.03%
Denmark 0.02%
Finland 0.01%
France 0.35%
Germany 0.05%
Ireland 0.10%
Netherlands 0.30%
Spain 0.01%
0.03%
Poland 0.03%
0.00%
Saudi Arabia 0.00%
Greater Asia 0.26%
Japan 0.01%
0.17%
Australia 0.17%
0.06%
Hong Kong 0.03%
Singapore 0.02%
South Korea 0.01%
0.02%
China 0.02%
Philippines 0.00%
Unidentified Region 4.73%

Bond Credit Quality Exposure

AAA 23.30%
AA 15.04%
A 22.60%
BBB 24.30%
BB 7.21%
B 2.09%
Below B 0.76%
    CCC 0.64%
    CC 0.00%
    C 0.03%
    DDD 0.00%
    DD 0.00%
    D 0.09%
Not Rated 0.19%
Not Available 4.50%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.38%
Less than 1 Year
4.38%
Intermediate
66.15%
1 to 3 Years
10.17%
3 to 5 Years
14.61%
5 to 10 Years
41.37%
Long Term
29.30%
10 to 20 Years
6.81%
20 to 30 Years
15.24%
Over 30 Years
7.25%
Other
0.18%
As of December 31, 2025
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