Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.71%
Stock 0.00%
Bond 97.26%
Convertible 0.00%
Preferred 0.00%
Other 2.03%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 26.33%
Corporate 31.53%
Securitized 37.14%
Municipal 4.23%
Other 0.77%
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Region Exposure

% Developed Markets: 90.91%    % Emerging Markets: 0.00%    % Unidentified Markets: 9.09%

Americas 89.66%
88.56%
Canada 1.38%
United States 87.18%
1.10%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 1.02%
United Kingdom 0.43%
0.58%
France 0.29%
Netherlands 0.11%
0.00%
0.00%
Greater Asia 0.24%
Japan 0.00%
0.10%
Australia 0.10%
0.14%
Hong Kong 0.14%
0.00%
Unidentified Region 9.09%

Bond Credit Quality Exposure

AAA 9.67%
AA 35.98%
A 12.61%
BBB 13.24%
BB 9.55%
B 2.84%
Below B 1.07%
    CCC 1.07%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.58%
Not Available 14.46%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.05%
Less than 1 Year
0.05%
Intermediate
52.19%
1 to 3 Years
4.33%
3 to 5 Years
10.79%
5 to 10 Years
37.07%
Long Term
46.56%
10 to 20 Years
18.13%
20 to 30 Years
21.14%
Over 30 Years
7.29%
Other
1.20%
As of December 31, 2025
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