Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.23%
Stock 0.07%
Bond 98.04%
Convertible 0.00%
Preferred 0.23%
Other 0.44%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 20.19%
Corporate 22.24%
Securitized 50.82%
Municipal 4.61%
Other 2.14%
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Region Exposure

% Developed Markets: 85.98%    % Emerging Markets: 0.80%    % Unidentified Markets: 13.22%

Americas 84.46%
83.25%
Canada 1.77%
United States 81.48%
1.22%
Chile 0.04%
Mexico 0.33%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 1.89%
United Kingdom 1.03%
0.86%
France 0.19%
Germany 0.02%
Ireland 0.20%
Netherlands 0.13%
Norway 0.06%
Spain 0.06%
Switzerland 0.08%
0.00%
0.00%
Greater Asia 0.42%
Japan 0.30%
0.06%
Australia 0.06%
0.04%
South Korea 0.04%
0.01%
Malaysia 0.01%
Unidentified Region 13.22%

Bond Credit Quality Exposure

AAA 9.96%
AA 29.79%
A 11.47%
BBB 16.69%
BB 5.38%
B 2.25%
Below B 0.01%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.61%
Not Available 23.85%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.14%
Less than 1 Year
0.14%
Intermediate
40.43%
1 to 3 Years
3.37%
3 to 5 Years
7.27%
5 to 10 Years
29.79%
Long Term
59.38%
10 to 20 Years
28.46%
20 to 30 Years
30.21%
Over 30 Years
0.70%
Other
0.05%
As of December 31, 2025
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