Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.86%
Stock 3.18%
Bond 97.68%
Convertible 0.00%
Preferred 0.00%
Other -0.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 5.01%
Securitized 95.81%
Municipal 0.00%
Other -0.82%
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Region Exposure

% Developed Markets: 100.8%    % Emerging Markets: 0.00%    % Unidentified Markets: -0.82%

Americas 100.8%
100.8%
Canada 0.00%
United States 100.8%
0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.00%
United Kingdom 0.00%
0.00%
France 0.00%
Ireland 0.00%
Sweden 0.00%
0.00%
0.00%
United Arab Emirates 0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
Australia 0.00%
0.00%
Singapore 0.00%
0.00%
Unidentified Region -0.82%

Bond Credit Quality Exposure

AAA 0.00%
AA 5.29%
A 0.01%
BBB 0.00%
BB 0.00%
B 0.61%
Below B 78.97%
    CCC 4.02%
    CC 6.09%
    C 37.04%
    DDD 0.00%
    DD 0.00%
    D 31.81%
Not Rated 14.97%
Not Available 0.16%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
15.30%
1 to 3 Years
0.73%
3 to 5 Years
1.09%
5 to 10 Years
13.47%
Long Term
85.52%
10 to 20 Years
74.33%
20 to 30 Years
2.55%
Over 30 Years
8.65%
Other
-0.82%
As of December 31, 2025
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