Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.82%
Stock 0.03%
Bond 97.06%
Convertible 0.00%
Preferred 0.15%
Other 0.94%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 2.49%
Corporate 94.55%
Securitized 0.00%
Municipal 0.00%
Other 2.96%
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Region Exposure

% Developed Markets: 93.93%    % Emerging Markets: 0.57%    % Unidentified Markets: 5.51%

Americas 83.04%
81.04%
Canada 3.88%
United States 77.16%
2.00%
Mexico 0.04%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.62%
United Kingdom 2.47%
6.68%
Denmark 0.27%
France 1.61%
Germany 0.50%
Ireland 1.05%
Italy 0.25%
Netherlands 1.27%
Spain 0.28%
Switzerland 0.14%
0.34%
Poland 0.34%
0.13%
Israel 0.13%
Greater Asia 1.84%
Japan 0.66%
0.32%
Australia 0.32%
0.86%
Hong Kong 0.27%
Singapore 0.32%
0.00%
Unidentified Region 5.51%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.78%
A 0.06%
BBB 3.48%
BB 51.10%
B 35.44%
Below B 5.65%
    CCC 5.65%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 3.47%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.84%
Less than 1 Year
2.84%
Intermediate
93.07%
1 to 3 Years
15.40%
3 to 5 Years
38.48%
5 to 10 Years
39.19%
Long Term
3.11%
10 to 20 Years
0.58%
20 to 30 Years
1.52%
Over 30 Years
1.01%
Other
0.98%
As of December 31, 2025
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