Asset Allocation

As of December 31, 2025.
Type % Net
Cash 5.16%
Stock 0.68%
Bond 92.52%
Convertible 0.00%
Preferred 0.41%
Other 1.23%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 86.90%
Securitized 0.00%
Municipal 0.00%
Other 13.10%
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Region Exposure

% Developed Markets: 92.72%    % Emerging Markets: 0.45%    % Unidentified Markets: 6.84%

Americas 83.99%
83.55%
Canada 34.72%
United States 48.83%
0.45%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.49%
United Kingdom 3.50%
2.99%
Denmark 0.87%
Ireland 0.26%
Netherlands 1.26%
Switzerland 0.60%
0.00%
0.00%
Greater Asia 2.68%
Japan 0.00%
0.30%
Australia 0.30%
2.38%
Hong Kong 1.13%
Singapore 0.20%
0.00%
Unidentified Region 6.84%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.00%
BBB 16.08%
BB 53.64%
B 17.90%
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 12.38%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.15%
Less than 1 Year
2.15%
Intermediate
64.39%
1 to 3 Years
3.90%
3 to 5 Years
20.72%
5 to 10 Years
39.77%
Long Term
24.53%
10 to 20 Years
2.40%
20 to 30 Years
8.91%
Over 30 Years
13.21%
Other
8.93%
As of December 31, 2025
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