Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.06%
Stock 0.00%
Bond 97.77%
Convertible 0.00%
Preferred 0.00%
Other -0.84%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 2.53%
Corporate 83.62%
Securitized 0.00%
Municipal 0.00%
Other 13.85%
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Region Exposure

% Developed Markets: 88.04%    % Emerging Markets: 0.01%    % Unidentified Markets: 11.95%

Americas 79.86%
77.86%
Canada 0.61%
United States 77.24%
2.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.82%
United Kingdom 0.79%
5.03%
Austria 0.00%
Denmark 0.01%
Finland 0.00%
France 0.03%
Germany 0.02%
Greece 0.00%
Ireland 0.02%
Italy 0.01%
Netherlands 4.89%
Norway 0.00%
Spain 0.00%
Switzerland 0.00%
0.00%
0.00%
Greater Asia 2.37%
Japan 0.03%
2.33%
Australia 2.33%
0.01%
Hong Kong 0.00%
Singapore 0.01%
0.00%
Unidentified Region 11.95%

Bond Credit Quality Exposure

AAA 0.00%
AA 1.95%
A 0.00%
BBB 1.44%
BB 26.96%
B 50.23%
Below B 5.77%
    CCC 5.77%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.02%
Not Available 13.62%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.03%
Less than 1 Year
2.03%
Intermediate
91.63%
1 to 3 Years
5.15%
3 to 5 Years
53.58%
5 to 10 Years
32.90%
Long Term
6.33%
10 to 20 Years
6.00%
20 to 30 Years
0.29%
Over 30 Years
0.03%
Other
0.01%
As of December 31, 2025
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