Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.28%
Stock 0.00%
Bond 98.36%
Convertible 0.00%
Preferred 0.00%
Other -0.65%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 38.15%
Corporate 26.07%
Securitized 33.50%
Municipal 2.14%
Other 0.14%
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Region Exposure

% Developed Markets: 95.15%    % Emerging Markets: 1.14%    % Unidentified Markets: 3.71%

Americas 93.35%
92.41%
Canada 1.64%
United States 90.78%
0.93%
Chile 0.23%
Mexico 0.32%
Peru 0.04%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.37%
United Kingdom 0.78%
1.32%
Denmark 0.02%
France 0.45%
Ireland 0.09%
Italy 0.08%
Netherlands 0.30%
Spain 0.03%
Sweden 0.14%
Switzerland 0.08%
0.15%
Poland 0.15%
0.13%
Qatar 0.03%
Saudi Arabia 0.10%
Greater Asia 0.57%
Japan 0.14%
0.33%
Australia 0.24%
0.10%
Hong Kong 0.10%
0.00%
Unidentified Region 3.71%

Bond Credit Quality Exposure

AAA 9.32%
AA 46.04%
A 11.79%
BBB 13.64%
BB 0.15%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 19.06%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.63%
Less than 1 Year
3.63%
Intermediate
47.93%
1 to 3 Years
9.05%
3 to 5 Years
23.07%
5 to 10 Years
15.81%
Long Term
48.37%
10 to 20 Years
13.97%
20 to 30 Years
30.86%
Over 30 Years
3.55%
Other
0.07%
As of December 31, 2025
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