Asset Allocation

As of December 31, 2025.
Type % Net
Cash 12.40%
Stock 3.42%
Bond 81.42%
Convertible 0.00%
Preferred 0.00%
Other 2.76%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 2.98%
Corporate 75.30%
Securitized 8.82%
Municipal 0.37%
Other 12.52%
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Region Exposure

% Developed Markets: 84.36%    % Emerging Markets: 0.00%    % Unidentified Markets: 15.64%

Americas 65.72%
62.55%
United States 62.55%
3.17%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 18.06%
United Kingdom 1.36%
16.70%
France 0.50%
Germany 2.68%
Netherlands 1.29%
Norway 1.17%
Sweden 8.06%
0.00%
0.00%
Greater Asia 0.58%
Japan 0.00%
0.00%
0.58%
Singapore 0.25%
South Korea 0.28%
Taiwan 0.05%
0.00%
Unidentified Region 15.64%

Bond Credit Quality Exposure

AAA 5.08%
AA 2.70%
A 3.47%
BBB 16.96%
BB 17.24%
B 11.87%
Below B 6.94%
    CCC 6.94%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 35.75%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
18.59%
Less than 1 Year
18.59%
Intermediate
75.83%
1 to 3 Years
41.37%
3 to 5 Years
30.92%
5 to 10 Years
3.55%
Long Term
5.58%
10 to 20 Years
2.22%
20 to 30 Years
2.68%
Over 30 Years
0.68%
Other
0.00%
As of December 31, 2025
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