Asset Allocation

As of December 31, 2025.
Type % Net
Cash 4.31%
Stock 1.50%
Bond 96.87%
Convertible 0.00%
Preferred 0.06%
Other -2.74%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 2.92%
Corporate 85.38%
Securitized 0.21%
Municipal 0.00%
Other 11.49%
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Region Exposure

% Developed Markets: 86.83%    % Emerging Markets: 0.00%    % Unidentified Markets: 13.17%

Americas 84.95%
84.84%
Canada 0.32%
United States 84.52%
0.11%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 1.88%
United Kingdom 0.78%
1.10%
France 0.42%
Germany 0.25%
Netherlands 0.12%
Sweden 0.20%
0.00%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 13.17%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.05%
A 0.00%
BBB 3.46%
BB 18.45%
B 32.85%
Below B 3.30%
    CCC 2.85%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.44%
Not Rated 0.48%
Not Available 41.41%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.38%
Less than 1 Year
4.38%
Intermediate
94.50%
1 to 3 Years
17.41%
3 to 5 Years
28.35%
5 to 10 Years
48.73%
Long Term
0.27%
10 to 20 Years
0.21%
20 to 30 Years
0.06%
Over 30 Years
0.00%
Other
0.85%
As of December 31, 2025
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