Asset Allocation

As of December 31, 2025.
Type % Net
Cash 8.26%
Stock 0.01%
Bond 91.37%
Convertible 0.00%
Preferred 0.12%
Other 0.24%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 29.69%
Corporate 52.77%
Securitized 1.12%
Municipal 11.24%
Other 5.18%
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Region Exposure

% Developed Markets: 88.52%    % Emerging Markets: 8.82%    % Unidentified Markets: 2.66%

Americas 79.33%
74.09%
Canada 59.16%
United States 14.92%
5.25%
Argentina 0.26%
Brazil 0.40%
Chile 0.52%
Colombia 0.66%
Mexico 1.36%
Peru 0.42%
Venezuela 0.02%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 14.62%
United Kingdom 3.25%
7.83%
Austria 0.15%
Belgium 0.07%
Denmark 0.04%
Finland 0.07%
France 2.13%
Germany 1.09%
Greece 0.00%
Ireland 0.32%
Italy 1.38%
Netherlands 0.99%
Norway 0.08%
Portugal 0.00%
Spain 0.73%
Sweden 0.05%
Switzerland 0.08%
1.77%
Poland 0.20%
Turkey 1.06%
1.76%
Egypt 0.12%
Nigeria 0.10%
Qatar 0.08%
Saudi Arabia 0.07%
South Africa 0.20%
United Arab Emirates 0.63%
Greater Asia 3.38%
Japan 1.23%
0.25%
Australia 0.19%
0.85%
Hong Kong 0.30%
Singapore 0.26%
South Korea 0.13%
1.05%
China 0.20%
India 0.20%
Indonesia 0.12%
Kazakhstan 0.11%
Malaysia 0.10%
Pakistan 0.03%
Philippines 0.08%
Thailand 0.02%
Unidentified Region 2.66%

Bond Credit Quality Exposure

AAA 11.46%
AA 12.83%
A 18.39%
BBB 25.59%
BB 11.32%
B 5.04%
Below B 0.77%
    CCC 0.72%
    CC 0.00%
    C 0.03%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.26%
Not Available 14.34%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
9.06%
Less than 1 Year
9.06%
Intermediate
67.84%
1 to 3 Years
18.33%
3 to 5 Years
24.27%
5 to 10 Years
25.25%
Long Term
21.51%
10 to 20 Years
7.60%
20 to 30 Years
9.59%
Over 30 Years
4.32%
Other
1.60%
As of December 31, 2025
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