Asset Allocation

As of December 31, 2025.
Type % Net
Cash 5.85%
Stock 1.08%
Bond 86.67%
Convertible 0.00%
Preferred 0.53%
Other 5.88%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 5.40%
Corporate 61.54%
Securitized 10.39%
Municipal 0.00%
Other 22.67%
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Region Exposure

% Developed Markets: 60.18%    % Emerging Markets: 0.63%    % Unidentified Markets: 39.18%

Americas 30.87%
30.43%
Canada 1.89%
United States 28.54%
0.44%
Brazil -0.00%
Chile 0.02%
Mexico 0.32%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 26.70%
United Kingdom 4.74%
21.74%
Austria -0.00%
Belgium 0.06%
Denmark 0.39%
Finland 0.03%
France 2.18%
Germany 1.56%
Greece 0.32%
Ireland 6.82%
Italy 1.65%
Netherlands 1.61%
Norway 0.11%
Portugal 1.53%
Spain 0.47%
Sweden 0.49%
Switzerland 0.27%
0.22%
Czech Republic 0.22%
-0.00%
Israel -0.00%
Greater Asia 3.25%
Japan 1.06%
0.00%
Australia 0.00%
2.18%
Hong Kong -0.00%
Singapore 2.19%
0.00%
China 0.00%
Unidentified Region 39.18%

Bond Credit Quality Exposure

AAA 8.71%
AA 1.92%
A 2.47%
BBB 4.98%
BB 22.50%
B 22.17%
Below B 2.38%
    CCC 2.29%
    CC -0.00%
    C 0.09%
    DDD 0.00%
    DD 0.00%
    D -0.00%
Not Rated 4.44%
Not Available 30.44%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.32%
Less than 1 Year
6.32%
Intermediate
74.51%
1 to 3 Years
17.20%
3 to 5 Years
34.08%
5 to 10 Years
23.23%
Long Term
13.37%
10 to 20 Years
9.87%
20 to 30 Years
2.64%
Over 30 Years
0.87%
Other
5.80%
As of December 31, 2025
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