Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.27%
Stock 1.35%
Bond 95.83%
Convertible 0.00%
Preferred 0.16%
Other -0.61%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 5.58%
Corporate 76.03%
Securitized 0.00%
Municipal 0.00%
Other 18.39%
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Region Exposure

% Developed Markets: 78.89%    % Emerging Markets: 0.35%    % Unidentified Markets: 20.76%

Americas 73.11%
71.43%
Canada 1.44%
United States 69.99%
1.68%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.49%
United Kingdom 2.15%
2.33%
France 0.39%
Germany 0.32%
Ireland 0.29%
Italy 0.70%
Netherlands 0.14%
0.00%
0.00%
Greater Asia 1.65%
Japan 0.37%
0.56%
Australia 0.56%
0.71%
Hong Kong 0.38%
0.00%
Unidentified Region 20.76%

Bond Credit Quality Exposure

AAA 0.00%
AA 1.87%
A 0.00%
BBB 2.24%
BB 29.98%
B 28.17%
Below B 9.26%
    CCC 8.88%
    CC 0.18%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.20%
Not Rated 0.31%
Not Available 28.17%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
7.76%
Less than 1 Year
7.76%
Intermediate
89.21%
1 to 3 Years
15.51%
3 to 5 Years
35.89%
5 to 10 Years
37.82%
Long Term
2.39%
10 to 20 Years
1.47%
20 to 30 Years
0.58%
Over 30 Years
0.33%
Other
0.64%
As of December 31, 2025
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