Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.18%
Stock 3.17%
Bond 88.68%
Convertible 0.00%
Preferred 3.32%
Other 5.02%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 2.26%
Corporate 64.46%
Securitized 0.02%
Municipal 0.00%
Other 33.26%
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Region Exposure

% Developed Markets: 90.75%    % Emerging Markets: 1.44%    % Unidentified Markets: 7.80%

Americas 53.24%
50.63%
Canada 6.55%
United States 44.08%
2.61%
Mexico 1.19%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 36.84%
United Kingdom 10.56%
26.04%
Austria 1.10%
Belgium 1.26%
Denmark 0.00%
Finland 0.00%
France 5.81%
Germany 2.73%
Ireland 1.21%
Italy 1.30%
Netherlands 5.64%
Norway 0.67%
Spain 4.00%
Sweden 0.31%
Switzerland 2.01%
0.00%
0.25%
Greater Asia 2.11%
Japan 2.10%
0.01%
Australia 0.01%
0.00%
0.00%
Philippines 0.00%
Unidentified Region 7.80%

Bond Credit Quality Exposure

AAA 0.04%
AA 0.72%
A 3.92%
BBB 61.39%
BB 30.35%
B 0.98%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 2.60%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.97%
Less than 1 Year
0.97%
Intermediate
2.41%
1 to 3 Years
0.93%
3 to 5 Years
0.00%
5 to 10 Years
1.47%
Long Term
31.95%
10 to 20 Years
1.24%
20 to 30 Years
16.22%
Over 30 Years
14.49%
Other
64.67%
As of December 31, 2025
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