Asset Allocation

As of December 31, 2025.
Type % Net
Cash 7.04%
Stock 1.01%
Bond 89.45%
Convertible 0.15%
Preferred 0.34%
Other 2.01%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 17.12%
Corporate 61.26%
Securitized 0.01%
Municipal 0.00%
Other 21.62%
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Region Exposure

% Developed Markets: 95.27%    % Emerging Markets: 2.39%    % Unidentified Markets: 2.34%

Americas 91.38%
88.75%
Canada 43.13%
United States 45.62%
2.63%
Argentina 0.20%
Brazil 0.00%
Colombia 0.09%
Mexico 1.85%
Peru 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.85%
United Kingdom 3.29%
2.53%
Ireland 0.15%
Netherlands 1.34%
Norway 0.26%
Switzerland 0.04%
0.00%
0.02%
United Arab Emirates 0.02%
Greater Asia 0.43%
Japan 0.00%
0.00%
0.19%
Hong Kong 0.19%
0.24%
China 0.24%
Kazakhstan 0.00%
Unidentified Region 2.34%

Bond Credit Quality Exposure

AAA 6.63%
AA 8.49%
A 16.81%
BBB 43.73%
BB 5.34%
B 1.94%
Below B 0.63%
    CCC 0.63%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 16.43%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
10.75%
Less than 1 Year
10.75%
Intermediate
74.26%
1 to 3 Years
17.41%
3 to 5 Years
25.12%
5 to 10 Years
31.73%
Long Term
14.77%
10 to 20 Years
3.75%
20 to 30 Years
9.33%
Over 30 Years
1.69%
Other
0.23%
As of December 31, 2025
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