Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.80%
Stock 0.27%
Bond 95.79%
Convertible 0.00%
Preferred 0.03%
Other 0.11%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.61%
Corporate 75.46%
Securitized 5.28%
Municipal 0.00%
Other 17.64%
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Region Exposure

% Developed Markets: 74.86%    % Emerging Markets: 4.00%    % Unidentified Markets: 21.14%

Americas 58.52%
54.03%
Canada 1.92%
United States 52.11%
4.49%
Argentina 0.27%
Brazil 0.07%
Chile 0.31%
Colombia 0.14%
Mexico 0.66%
Peru 0.24%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 18.77%
United Kingdom 6.31%
11.68%
Belgium 0.09%
Finland 0.09%
France 2.08%
Germany 2.54%
Ireland 1.14%
Italy 1.15%
Netherlands 1.66%
Norway 0.20%
Portugal 0.36%
Spain 0.35%
Sweden 0.16%
0.34%
Turkey 0.34%
0.45%
Greater Asia 1.57%
Japan 0.00%
0.00%
0.85%
Hong Kong 0.14%
Singapore 0.32%
0.71%
Thailand 0.15%
Unidentified Region 21.14%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.00%
BBB 3.41%
BB 29.67%
B 29.12%
Below B 5.58%
    CCC 5.49%
    CC 0.09%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.47%
Not Available 31.76%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.66%
Less than 1 Year
0.66%
Intermediate
88.35%
1 to 3 Years
17.77%
3 to 5 Years
29.49%
5 to 10 Years
41.09%
Long Term
8.47%
10 to 20 Years
5.81%
20 to 30 Years
1.19%
Over 30 Years
1.47%
Other
2.52%
As of December 31, 2025
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