Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.07%
Stock 0.00%
Bond 98.14%
Convertible 0.00%
Preferred 0.00%
Other 1.93%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 10.47%
Corporate 77.95%
Securitized 0.56%
Municipal 7.69%
Other 3.33%
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Region Exposure

% Developed Markets: 96.75%    % Emerging Markets: 1.04%    % Unidentified Markets: 2.20%

Americas 89.51%
88.86%
Canada 0.45%
United States 88.41%
0.65%
Chile 0.46%
Mexico 0.19%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.80%
United Kingdom 2.42%
2.37%
Belgium 0.01%
France 0.82%
Germany 0.02%
Greece 0.01%
Netherlands 0.15%
Norway 0.33%
Spain 0.19%
Switzerland 0.60%
0.13%
0.88%
Israel 0.68%
Saudi Arabia 0.19%
Greater Asia 2.49%
Japan 0.32%
0.60%
Australia 0.60%
1.51%
Singapore 1.51%
0.07%
Malaysia 0.07%
Unidentified Region 2.20%

Bond Credit Quality Exposure

AAA 2.94%
AA 25.32%
A 56.18%
BBB 14.97%
BB 0.00%
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 0.58%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
1.63%
1 to 3 Years
0.01%
3 to 5 Years
0.03%
5 to 10 Years
1.59%
Long Term
98.37%
10 to 20 Years
40.20%
20 to 30 Years
48.86%
Over 30 Years
9.31%
Other
0.00%
As of December 31, 2025
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