Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.67%
Stock 0.33%
Bond 93.89%
Convertible 0.02%
Preferred 0.22%
Other 1.88%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 16.18%
Corporate 81.15%
Securitized 0.28%
Municipal 0.04%
Other 2.35%
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Region Exposure

% Developed Markets: 92.78%    % Emerging Markets: 0.32%    % Unidentified Markets: 6.90%

Americas 85.91%
84.69%
Canada 3.00%
United States 81.69%
1.22%
Brazil 0.01%
Chile 0.00%
Colombia 0.03%
Mexico 0.03%
Peru 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.94%
United Kingdom 1.99%
3.87%
Austria 0.08%
Denmark 0.05%
Finland 0.04%
France 0.67%
Germany 0.38%
Greece 0.02%
Ireland 0.61%
Italy 0.08%
Netherlands 0.58%
Norway 0.01%
Spain 0.07%
Switzerland 0.15%
0.00%
0.08%
Israel 0.07%
United Arab Emirates 0.00%
Greater Asia 1.25%
Japan 0.53%
0.39%
Australia 0.39%
0.34%
Hong Kong 0.10%
Singapore 0.15%
0.00%
Unidentified Region 6.90%

Bond Credit Quality Exposure

AAA 0.00%
AA 9.08%
A 0.01%
BBB 3.11%
BB 43.03%
B 27.87%
Below B 7.40%
    CCC 7.29%
    CC 0.04%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.07%
Not Rated 0.07%
Not Available 9.43%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
8.67%
Less than 1 Year
8.67%
Intermediate
87.01%
1 to 3 Years
22.09%
3 to 5 Years
32.32%
5 to 10 Years
32.61%
Long Term
3.36%
10 to 20 Years
1.40%
20 to 30 Years
1.51%
Over 30 Years
0.45%
Other
0.95%
As of December 31, 2025
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