Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.73%
Stock 0.00%
Bond 88.72%
Convertible 0.00%
Preferred 0.00%
Other 10.55%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 25.81%
Corporate 40.65%
Securitized 30.92%
Municipal 0.12%
Other 2.51%
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Region Exposure

% Developed Markets: 80.86%    % Emerging Markets: 1.25%    % Unidentified Markets: 17.88%

Americas 75.92%
74.10%
Canada 0.90%
United States 73.20%
1.83%
Brazil 0.13%
Chile 0.11%
Colombia 0.08%
Mexico 0.43%
Peru 0.07%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.61%
United Kingdom 1.88%
3.59%
Austria 0.04%
Denmark 0.09%
Finland 0.16%
France 0.34%
Ireland 1.82%
Italy 0.03%
Netherlands 0.27%
Norway 0.07%
Spain 0.25%
Switzerland 0.06%
0.00%
0.13%
Saudi Arabia 0.13%
Greater Asia 0.59%
Japan 0.19%
0.07%
Australia 0.07%
0.17%
Hong Kong 0.06%
Singapore 0.03%
South Korea 0.08%
0.15%
India 0.08%
Indonesia 0.05%
Malaysia 0.02%
Unidentified Region 17.88%

Bond Credit Quality Exposure

AAA 10.60%
AA 33.25%
A 12.23%
BBB 29.17%
BB 1.02%
B 0.04%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.70%
Not Available 13.00%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.29%
Less than 1 Year
1.29%
Intermediate
48.89%
1 to 3 Years
18.25%
3 to 5 Years
13.32%
5 to 10 Years
17.32%
Long Term
49.82%
10 to 20 Years
18.26%
20 to 30 Years
30.23%
Over 30 Years
1.33%
Other
0.00%
As of December 31, 2025
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