Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.07%
Stock 0.00%
Bond 94.31%
Convertible 0.15%
Preferred 0.76%
Other 3.71%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 25.46%
Corporate 52.29%
Securitized 11.09%
Municipal 2.98%
Other 8.19%
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Region Exposure

% Developed Markets: 83.40%    % Emerging Markets: 7.47%    % Unidentified Markets: 9.13%

Americas 63.95%
62.42%
Canada 10.90%
United States 51.51%
1.54%
Brazil 1.39%
Chile 0.15%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.29%
United Kingdom 3.97%
6.97%
Austria 0.22%
Finland 0.49%
France 0.75%
Germany 0.89%
Ireland 0.70%
Netherlands 0.19%
Norway 1.98%
Spain 0.21%
Sweden 0.18%
Switzerland 0.58%
1.02%
Czech Republic 1.02%
0.34%
Qatar 0.18%
United Arab Emirates 0.16%
Greater Asia 14.63%
Japan 1.83%
7.11%
Australia 3.82%
0.77%
South Korea 0.77%
4.92%
China 0.19%
India 0.79%
Indonesia 2.02%
Philippines 1.92%
Unidentified Region 9.13%

Bond Credit Quality Exposure

AAA 10.93%
AA 16.21%
A 5.61%
BBB 29.40%
BB 14.98%
B 4.70%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.11%
Not Available 18.06%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.78%
Less than 1 Year
2.78%
Intermediate
55.84%
1 to 3 Years
4.00%
3 to 5 Years
12.37%
5 to 10 Years
39.48%
Long Term
38.01%
10 to 20 Years
14.40%
20 to 30 Years
16.94%
Over 30 Years
6.67%
Other
3.36%
As of December 31, 2025
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