Asset Allocation

As of December 31, 2025.
Type % Net
Cash -8.00%
Stock 0.00%
Bond 97.89%
Convertible 0.00%
Preferred 0.00%
Other 10.12%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 13.47%
Corporate 31.72%
Securitized 54.54%
Municipal 0.00%
Other 0.27%
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Region Exposure

% Developed Markets: 88.50%    % Emerging Markets: 0.00%    % Unidentified Markets: 11.50%

Americas 83.22%
83.22%
Canada 0.34%
United States 82.88%
0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.39%
United Kingdom 1.59%
1.80%
Belgium 0.22%
France 0.90%
Netherlands 0.28%
Norway 0.40%
0.00%
0.00%
Greater Asia 1.88%
Japan 1.07%
0.81%
Australia 0.81%
0.00%
0.00%
Unidentified Region 11.50%

Bond Credit Quality Exposure

AAA 16.94%
AA 23.89%
A 9.83%
BBB 21.26%
BB 5.20%
B 0.68%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.57%
Not Available 21.64%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.29%
Less than 1 Year
0.29%
Intermediate
45.42%
1 to 3 Years
4.72%
3 to 5 Years
13.68%
5 to 10 Years
27.03%
Long Term
53.67%
10 to 20 Years
13.44%
20 to 30 Years
30.88%
Over 30 Years
9.36%
Other
0.61%
As of December 31, 2025
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