Asset Allocation

As of December 31, 2025.
Type % Net
Cash 6.95%
Stock 0.03%
Bond 101.3%
Convertible 0.00%
Preferred 0.00%
Other -8.25%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.16%
Corporate 82.08%
Securitized 4.91%
Municipal 0.00%
Other 12.84%
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Region Exposure

% Developed Markets: 86.01%    % Emerging Markets: 0.46%    % Unidentified Markets: 13.53%

Americas 83.55%
81.56%
Canada 0.60%
United States 80.96%
1.99%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.92%
United Kingdom 1.85%
1.07%
France 0.01%
Germany 1.06%
0.00%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 13.53%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.08%
A 0.00%
BBB 0.68%
BB 12.72%
B 39.36%
Below B 3.78%
    CCC 3.78%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.10%
Not Available 43.28%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.39%
Less than 1 Year
2.39%
Intermediate
92.67%
1 to 3 Years
14.53%
3 to 5 Years
23.24%
5 to 10 Years
54.90%
Long Term
4.91%
10 to 20 Years
4.91%
20 to 30 Years
0.00%
Over 30 Years
0.00%
Other
0.03%
As of December 31, 2025
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