Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.34%
Stock 0.00%
Bond 94.95%
Convertible 0.00%
Preferred 1.18%
Other 2.53%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 12.85%
Corporate 52.38%
Securitized 30.67%
Municipal 0.46%
Other 3.64%
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Region Exposure

% Developed Markets: 83.27%    % Emerging Markets: 0.00%    % Unidentified Markets: 16.73%

Americas 73.66%
71.22%
Canada 0.82%
United States 70.40%
2.44%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.62%
United Kingdom 3.44%
4.18%
Austria 0.75%
France 0.31%
Germany 0.42%
Netherlands 0.45%
Sweden 0.36%
0.00%
0.00%
Greater Asia 1.98%
Japan 0.00%
1.98%
0.00%
0.00%
Unidentified Region 16.73%

Bond Credit Quality Exposure

AAA 12.01%
AA 17.97%
A 19.96%
BBB 20.43%
BB 7.18%
B 5.18%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.14%
Not Available 17.13%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.64%
Less than 1 Year
4.64%
Intermediate
60.56%
1 to 3 Years
22.58%
3 to 5 Years
12.85%
5 to 10 Years
25.12%
Long Term
33.74%
10 to 20 Years
14.55%
20 to 30 Years
17.95%
Over 30 Years
1.24%
Other
1.06%
As of December 31, 2025
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