Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.76%
Stock 0.53%
Bond 94.29%
Convertible 0.00%
Preferred 1.50%
Other 2.91%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.02%
Corporate 73.60%
Securitized 0.00%
Municipal 0.00%
Other 25.38%
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Region Exposure

% Developed Markets: 97.85%    % Emerging Markets: 0.00%    % Unidentified Markets: 2.15%

Americas 70.09%
69.33%
Canada 16.29%
United States 53.04%
0.75%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 25.55%
United Kingdom 6.44%
19.11%
Austria 0.63%
Finland 0.48%
France 7.24%
Germany 1.12%
Greece 0.50%
Ireland 0.76%
Italy 0.28%
Netherlands 3.49%
Spain 1.64%
Sweden 0.73%
Switzerland 1.92%
0.00%
0.00%
Greater Asia 2.21%
Japan 2.05%
0.16%
Australia 0.16%
0.00%
0.00%
Unidentified Region 2.15%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.26%
A 4.11%
BBB 62.78%
BB 29.83%
B 1.89%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.10%
Not Available 1.03%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.04%
Less than 1 Year
3.04%
Intermediate
12.00%
1 to 3 Years
8.60%
3 to 5 Years
2.93%
5 to 10 Years
0.47%
Long Term
45.02%
10 to 20 Years
0.27%
20 to 30 Years
18.93%
Over 30 Years
25.82%
Other
39.95%
As of December 31, 2025
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