Asset Allocation

As of December 31, 2025.
Type % Net
Cash 4.91%
Stock 0.00%
Bond 93.61%
Convertible 0.00%
Preferred 0.00%
Other 1.47%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.07%
Corporate 96.79%
Securitized 0.00%
Municipal 0.00%
Other 2.14%
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Region Exposure

% Developed Markets: 93.18%    % Emerging Markets: 0.44%    % Unidentified Markets: 6.38%

Americas 84.71%
82.01%
Canada 7.22%
United States 74.80%
2.70%
Mexico 0.24%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.46%
United Kingdom 1.99%
5.47%
Austria 0.29%
France 0.54%
Greece 0.20%
Ireland 1.65%
Netherlands 0.44%
Switzerland 0.97%
0.00%
0.00%
Greater Asia 1.45%
Japan 0.48%
0.00%
0.97%
Singapore 0.51%
0.00%
Unidentified Region 6.38%

Bond Credit Quality Exposure

AAA 0.00%
AA 1.07%
A 0.00%
BBB 5.47%
BB 46.89%
B 35.40%
Below B 10.08%
    CCC 10.08%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.37%
Not Available 0.72%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.88%
Less than 1 Year
0.88%
Intermediate
91.80%
1 to 3 Years
14.22%
3 to 5 Years
39.72%
5 to 10 Years
37.86%
Long Term
4.00%
10 to 20 Years
1.64%
20 to 30 Years
1.42%
Over 30 Years
0.94%
Other
3.33%
As of December 31, 2025
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