Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.87%
Stock 0.17%
Bond 97.85%
Convertible 0.01%
Preferred 0.00%
Other 1.10%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 24.42%
Corporate 50.21%
Securitized 0.26%
Municipal 12.00%
Other 13.10%
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Region Exposure

% Developed Markets: 93.10%    % Emerging Markets: 0.47%    % Unidentified Markets: 6.43%

Americas 88.54%
88.39%
Canada 67.90%
United States 20.49%
0.16%
Chile 0.00%
Mexico 0.06%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.32%
United Kingdom 1.12%
3.20%
Austria 0.00%
Denmark 0.06%
France 0.87%
Germany 0.79%
Greece 0.00%
Ireland 0.52%
Italy 0.00%
Netherlands 0.12%
Norway 0.00%
Spain 0.27%
Switzerland 0.24%
0.00%
0.00%
Israel 0.00%
Greater Asia 0.70%
Japan 0.20%
0.42%
Australia 0.42%
0.09%
Hong Kong 0.00%
Singapore 0.05%
0.00%
Unidentified Region 6.43%

Bond Credit Quality Exposure

AAA 21.58%
AA 9.93%
A 17.07%
BBB 24.34%
BB 8.78%
B 3.93%
Below B 0.40%
    CCC 0.40%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.31%
Not Available 13.66%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.78%
Less than 1 Year
1.78%
Intermediate
72.08%
1 to 3 Years
8.67%
3 to 5 Years
16.31%
5 to 10 Years
47.10%
Long Term
25.94%
10 to 20 Years
6.58%
20 to 30 Years
12.56%
Over 30 Years
6.80%
Other
0.21%
As of December 31, 2025
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