Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.40%
Stock 0.16%
Bond 97.88%
Convertible 0.44%
Preferred 0.00%
Other 0.11%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.74%
Corporate 97.64%
Securitized 0.00%
Municipal 0.00%
Other 1.62%
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Region Exposure

% Developed Markets: 94.58%    % Emerging Markets: 0.28%    % Unidentified Markets: 5.14%

Americas 86.24%
85.91%
Canada 3.04%
United States 82.87%
0.33%
Mexico 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.79%
United Kingdom 3.14%
4.63%
Austria 0.01%
France 0.88%
Germany 0.50%
Ireland 1.43%
Italy 0.01%
Netherlands 0.51%
Norway 0.01%
Spain 0.01%
0.00%
0.02%
Israel 0.02%
Greater Asia 0.83%
Japan 0.13%
0.06%
Australia 0.06%
0.64%
Hong Kong 0.57%
Singapore 0.02%
0.00%
Unidentified Region 5.14%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.26%
A 0.00%
BBB 3.73%
BB 49.88%
B 31.78%
Below B 8.50%
    CCC 8.49%
    CC 0.01%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.44%
Not Available 5.40%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
7.36%
Less than 1 Year
7.36%
Intermediate
91.75%
1 to 3 Years
43.39%
3 to 5 Years
41.34%
5 to 10 Years
7.02%
Long Term
0.00%
10 to 20 Years
0.00%
20 to 30 Years
0.00%
Over 30 Years
0.00%
Other
0.88%
As of December 31, 2025
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