Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.42%
Stock 0.43%
Bond 95.09%
Convertible 0.00%
Preferred 0.53%
Other 3.53%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 3.07%
Corporate 93.14%
Securitized 0.00%
Municipal 0.00%
Other 3.79%
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Region Exposure

% Developed Markets: 91.96%    % Emerging Markets: 0.83%    % Unidentified Markets: 7.20%

Americas 79.01%
77.45%
Canada 1.99%
United States 75.46%
1.56%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.62%
United Kingdom 2.91%
9.71%
Austria 0.14%
Denmark 0.67%
France 2.85%
Germany 0.68%
Ireland 0.35%
Italy 1.14%
Netherlands 1.66%
Spain 0.67%
0.00%
0.00%
Greater Asia 1.17%
Japan 0.30%
0.49%
Australia 0.49%
0.38%
Singapore 0.38%
0.00%
Unidentified Region 7.20%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.37%
BBB 3.97%
BB 48.92%
B 32.00%
Below B 7.44%
    CCC 7.43%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 0.00%
Not Available 7.29%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.21%
Less than 1 Year
3.21%
Intermediate
91.20%
1 to 3 Years
8.03%
3 to 5 Years
36.17%
5 to 10 Years
46.99%
Long Term
4.56%
10 to 20 Years
2.89%
20 to 30 Years
1.67%
Over 30 Years
0.00%
Other
1.03%
As of December 31, 2025
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