Asset Allocation

As of December 31, 2025.
Type % Net
Cash 51.94%
Stock 0.05%
Bond 47.96%
Convertible 0.31%
Preferred 0.03%
Other -0.29%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 3.63%
Corporate 79.58%
Securitized 6.67%
Municipal 1.02%
Other 9.09%
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Region Exposure

% Developed Markets: 67.41%    % Emerging Markets: 0.02%    % Unidentified Markets: 32.57%

Americas 49.69%
48.83%
Canada 8.45%
United States 40.39%
0.86%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.24%
United Kingdom 3.35%
6.94%
Belgium 0.04%
Finland 0.49%
France 1.57%
Germany 0.92%
Ireland 0.46%
Italy 0.08%
Netherlands 0.60%
Norway 0.54%
Spain 0.14%
Sweden 1.95%
0.00%
0.95%
Israel 0.05%
United Arab Emirates 0.90%
Greater Asia 6.50%
Japan 1.41%
4.12%
Australia 3.99%
0.95%
Hong Kong 0.09%
Singapore 0.83%
0.02%
China 0.02%
Unidentified Region 32.57%

Bond Credit Quality Exposure

AAA 6.55%
AA -3.17%
A 66.12%
BBB 14.38%
BB 2.20%
B 0.84%
Below B 1.51%
    CCC 1.42%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.10%
Not Rated 0.20%
Not Available 11.37%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
37.41%
Less than 1 Year
37.41%
Intermediate
65.97%
1 to 3 Years
59.39%
3 to 5 Years
4.97%
5 to 10 Years
1.61%
Long Term
13.27%
10 to 20 Years
5.13%
20 to 30 Years
1.95%
Over 30 Years
6.19%
Other
-16.65%
As of December 31, 2025
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