Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.53%
Stock 0.00%
Bond 98.23%
Convertible 0.00%
Preferred 0.32%
Other 0.92%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 7.12%
Corporate 84.69%
Securitized 4.95%
Municipal 0.00%
Other 3.23%
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Region Exposure

% Developed Markets: 95.87%    % Emerging Markets: 0.78%    % Unidentified Markets: 3.35%

Americas 87.09%
86.31%
Canada 3.03%
United States 83.28%
0.79%
Mexico 0.45%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.10%
United Kingdom 3.04%
5.06%
France 2.01%
Ireland 1.59%
Netherlands 0.20%
Norway 0.25%
Spain 0.31%
Switzerland 0.27%
0.00%
0.00%
Greater Asia 1.46%
Japan 1.24%
0.22%
0.00%
0.00%
Unidentified Region 3.35%

Bond Credit Quality Exposure

AAA 1.38%
AA 9.60%
A 27.23%
BBB 51.85%
BB 4.85%
B 0.72%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.12%
Not Available 4.25%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.52%
Less than 1 Year
1.52%
Intermediate
65.96%
1 to 3 Years
6.35%
3 to 5 Years
15.11%
5 to 10 Years
44.50%
Long Term
30.33%
10 to 20 Years
7.50%
20 to 30 Years
18.95%
Over 30 Years
3.88%
Other
2.19%
As of December 31, 2025
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