Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.18%
Stock 0.19%
Bond 88.83%
Convertible 0.00%
Preferred 0.00%
Other 9.80%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 2.35%
Corporate 27.73%
Securitized 67.00%
Municipal 0.08%
Other 2.84%
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Region Exposure

% Developed Markets: 90.99%    % Emerging Markets: 0.70%    % Unidentified Markets: 8.31%

Americas 87.24%
85.78%
Canada 0.46%
United States 85.32%
1.46%
Mexico 0.19%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.70%
United Kingdom 1.61%
2.09%
France 0.44%
Germany 0.24%
Ireland 0.47%
Italy 0.14%
Netherlands 0.12%
Spain 0.27%
0.00%
0.00%
Greater Asia 0.75%
Japan 0.00%
0.75%
Australia 0.75%
0.00%
0.00%
Unidentified Region 8.31%

Bond Credit Quality Exposure

AAA 3.33%
AA 15.53%
A 5.05%
BBB 15.64%
BB 8.91%
B 6.07%
Below B 16.79%
    CCC 14.32%
    CC 1.91%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.56%
Not Rated 13.76%
Not Available 14.91%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.23%
Less than 1 Year
0.23%
Intermediate
32.96%
1 to 3 Years
8.63%
3 to 5 Years
10.08%
5 to 10 Years
14.25%
Long Term
66.12%
10 to 20 Years
35.62%
20 to 30 Years
21.94%
Over 30 Years
8.55%
Other
0.69%
As of December 31, 2025
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