Asset Allocation

As of December 31, 2025.
Type % Net
Cash 6.99%
Stock 0.02%
Bond 91.98%
Convertible 0.00%
Preferred 0.00%
Other 1.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 34.37%
Corporate 29.07%
Securitized 35.85%
Municipal 0.60%
Other 0.11%
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Region Exposure

% Developed Markets: 87.83%    % Emerging Markets: 2.19%    % Unidentified Markets: 9.98%

Americas 84.21%
82.16%
Canada 0.51%
United States 81.65%
2.06%
Brazil 0.01%
Chile 0.05%
Colombia 0.12%
Mexico 1.49%
Peru 0.06%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.27%
United Kingdom 0.79%
3.38%
Austria 0.01%
Belgium 0.02%
Denmark 0.01%
France 0.44%
Germany 0.00%
Greece 0.80%
Ireland 0.09%
Italy 0.08%
Netherlands 0.69%
Norway 0.03%
Spain 0.19%
Sweden 0.02%
Switzerland 0.25%
0.00%
0.10%
Israel 0.00%
Qatar 0.05%
Saudi Arabia 0.01%
Greater Asia 1.54%
Japan 0.38%
0.16%
Australia 0.16%
0.61%
Hong Kong 0.17%
Singapore 0.13%
South Korea 0.15%
Taiwan 0.03%
0.38%
China 0.11%
India 0.07%
Indonesia 0.09%
Malaysia 0.07%
Philippines 0.00%
Thailand 0.04%
Unidentified Region 9.98%

Bond Credit Quality Exposure

AAA 7.60%
AA 38.86%
A 10.66%
BBB 16.43%
BB 3.55%
B 0.31%
Below B 0.03%
    CCC 0.02%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.08%
Not Available 22.48%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.90%
Less than 1 Year
3.90%
Intermediate
51.65%
1 to 3 Years
14.78%
3 to 5 Years
17.54%
5 to 10 Years
19.33%
Long Term
44.14%
10 to 20 Years
8.28%
20 to 30 Years
30.41%
Over 30 Years
5.44%
Other
0.31%
As of December 31, 2025
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