Asset Allocation

As of December 31, 2025.
Type % Net
Cash 5.95%
Stock 0.45%
Bond 92.37%
Convertible 0.00%
Preferred 0.00%
Other 1.23%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 90.04%
Securitized 0.00%
Municipal 0.00%
Other 9.96%
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Region Exposure

% Developed Markets: 79.48%    % Emerging Markets: 1.06%    % Unidentified Markets: 19.45%

Americas 67.41%
61.77%
Canada 2.40%
United States 59.37%
5.64%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.64%
United Kingdom 0.46%
12.17%
Germany 0.69%
Ireland 1.48%
Italy 0.93%
Netherlands 0.30%
Norway 4.11%
0.00%
0.00%
Greater Asia 0.50%
Japan 0.00%
0.00%
0.50%
Singapore 0.50%
0.00%
Unidentified Region 19.45%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.00%
BBB 0.00%
BB 7.94%
B 50.97%
Below B 14.51%
    CCC 14.20%
    CC 0.31%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.91%
Not Available 25.67%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.59%
Less than 1 Year
0.59%
Intermediate
99.41%
1 to 3 Years
19.05%
3 to 5 Years
52.41%
5 to 10 Years
27.96%
Long Term
0.00%
10 to 20 Years
0.00%
20 to 30 Years
0.00%
Over 30 Years
0.00%
Other
0.00%
As of December 31, 2025
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