Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.97%
Stock 0.55%
Bond 96.00%
Convertible 0.00%
Preferred 0.00%
Other 0.48%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.02%
Corporate 84.01%
Securitized 2.36%
Municipal 0.00%
Other 13.61%
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Region Exposure

% Developed Markets: 86.27%    % Emerging Markets: 0.03%    % Unidentified Markets: 13.69%

Americas 83.96%
83.04%
Canada 0.73%
United States 82.31%
0.92%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.34%
United Kingdom 0.60%
1.74%
Austria 0.00%
France 0.46%
Germany 0.00%
Greece 0.00%
Ireland 0.00%
Netherlands 0.57%
Sweden 0.23%
Switzerland 0.00%
0.00%
0.00%
Israel 0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
Australia 0.00%
0.00%
Singapore 0.00%
0.00%
Unidentified Region 13.69%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.01%
A 0.00%
BBB 1.86%
BB 16.84%
B 37.42%
Below B 2.28%
    CCC 2.28%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.16%
Not Available 40.43%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.34%
Less than 1 Year
0.34%
Intermediate
96.81%
1 to 3 Years
17.13%
3 to 5 Years
25.75%
5 to 10 Years
53.93%
Long Term
2.37%
10 to 20 Years
1.97%
20 to 30 Years
0.40%
Over 30 Years
0.00%
Other
0.47%
As of December 31, 2025
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