Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.21%
Stock 0.19%
Bond 97.03%
Convertible 0.00%
Preferred 0.05%
Other 2.94%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 8.59%
Corporate 29.92%
Securitized 58.21%
Municipal 0.50%
Other 2.77%
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Region Exposure

% Developed Markets: 83.36%    % Emerging Markets: 2.91%    % Unidentified Markets: 13.73%

Americas 72.24%
66.83%
Canada 1.02%
United States 65.81%
5.41%
Argentina 0.27%
Brazil 0.10%
Chile 0.01%
Colombia 0.33%
Mexico 0.61%
Venezuela 0.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.62%
United Kingdom 1.41%
11.13%
Denmark 0.12%
France 0.41%
Germany 0.10%
Greece 0.47%
Ireland 7.44%
Italy 0.22%
Netherlands 0.73%
Norway 0.40%
Spain 0.58%
Sweden 0.00%
Switzerland 0.34%
0.29%
0.79%
Egypt 0.03%
Israel 0.07%
Qatar 0.01%
South Africa 0.19%
United Arab Emirates 0.06%
Greater Asia 0.40%
Japan 0.22%
0.02%
Australia 0.02%
0.02%
Hong Kong 0.02%
0.14%
India 0.06%
Indonesia 0.06%
Kazakhstan 0.01%
Philippines 0.01%
Unidentified Region 13.73%

Bond Credit Quality Exposure

AAA 32.98%
AA 9.67%
A 9.44%
BBB 15.69%
BB 4.83%
B 2.83%
Below B 0.92%
    CCC 0.92%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.91%
Not Available 22.74%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.48%
Less than 1 Year
2.48%
Intermediate
32.69%
1 to 3 Years
6.43%
3 to 5 Years
8.74%
5 to 10 Years
17.52%
Long Term
63.81%
10 to 20 Years
25.50%
20 to 30 Years
31.37%
Over 30 Years
6.94%
Other
1.03%
As of December 31, 2025
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