Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.88%
Stock 0.00%
Bond 96.12%
Convertible 0.00%
Preferred 0.00%
Other 1.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 3.75%
Corporate 45.40%
Securitized 48.87%
Municipal 0.00%
Other 1.98%
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Region Exposure

% Developed Markets: 78.47%    % Emerging Markets: 0.00%    % Unidentified Markets: 21.53%

Americas 73.88%
69.72%
Canada 0.75%
United States 68.97%
4.16%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.23%
United Kingdom 2.24%
0.99%
Ireland 0.94%
Spain 0.05%
0.00%
0.00%
Greater Asia 1.36%
Japan 1.30%
0.06%
Australia 0.06%
0.00%
0.00%
Unidentified Region 21.53%

Bond Credit Quality Exposure

AAA 14.49%
AA 7.50%
A 21.59%
BBB 31.37%
BB 5.32%
B 4.18%
Below B 0.56%
    CCC 0.56%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.14%
Not Available 13.86%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.77%
Less than 1 Year
4.77%
Intermediate
46.51%
1 to 3 Years
23.36%
3 to 5 Years
14.10%
5 to 10 Years
9.04%
Long Term
47.66%
10 to 20 Years
24.87%
20 to 30 Years
15.28%
Over 30 Years
7.51%
Other
1.06%
As of December 31, 2025
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