Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.53%
Stock 0.00%
Bond 95.23%
Convertible 0.11%
Preferred 0.00%
Other 1.14%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 32.97%
Corporate 26.45%
Securitized 37.64%
Municipal 0.27%
Other 2.67%
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Region Exposure

% Developed Markets: 87.18%    % Emerging Markets: 0.65%    % Unidentified Markets: 12.17%

Americas 79.76%
79.14%
Canada 0.93%
United States 78.21%
0.62%
Brazil 0.05%
Chile 0.05%
Mexico 0.49%
Peru 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.96%
United Kingdom 2.00%
4.89%
Belgium 0.13%
Denmark 0.13%
Finland 0.02%
France 1.79%
Germany 0.05%
Ireland 0.89%
Italy 0.06%
Netherlands 0.52%
Norway 0.09%
Spain 0.45%
Sweden 0.13%
Switzerland 0.19%
0.03%
Poland 0.03%
0.04%
Saudi Arabia 0.01%
United Arab Emirates 0.04%
Greater Asia 1.11%
Japan 0.82%
0.16%
Australia 0.12%
0.12%
Hong Kong 0.01%
Singapore 0.11%
0.00%
Unidentified Region 12.17%

Bond Credit Quality Exposure

AAA 3.28%
AA 35.80%
A 10.10%
BBB 15.40%
BB 0.07%
B 0.04%
Below B 0.01%
    CCC 0.01%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 5.84%
Not Available 29.46%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.03%
Less than 1 Year
4.03%
Intermediate
54.05%
1 to 3 Years
10.35%
3 to 5 Years
11.67%
5 to 10 Years
32.04%
Long Term
41.56%
10 to 20 Years
14.44%
20 to 30 Years
20.41%
Over 30 Years
6.71%
Other
0.35%
As of December 31, 2025
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