Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.78%
Stock 0.08%
Bond 98.31%
Convertible 0.00%
Preferred 0.00%
Other 0.83%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.07%
Corporate 91.64%
Securitized 1.08%
Municipal 0.00%
Other 6.20%
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Region Exposure

% Developed Markets: 92.46%    % Emerging Markets: 0.77%    % Unidentified Markets: 6.77%

Americas 81.65%
79.42%
Canada 2.19%
United States 77.23%
2.23%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.37%
United Kingdom 2.80%
5.80%
Austria 0.50%
Germany 0.75%
Ireland 0.57%
Italy 0.56%
Netherlands 1.17%
0.77%
Turkey 0.77%
0.00%
Greater Asia 2.21%
Japan 0.88%
0.78%
Australia 0.78%
0.55%
Singapore 0.55%
0.00%
Unidentified Region 6.77%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.39%
A 0.64%
BBB 3.00%
BB 51.24%
B 38.27%
Below B 3.00%
    CCC 3.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 3.47%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.32%
Less than 1 Year
1.32%
Intermediate
90.83%
1 to 3 Years
11.39%
3 to 5 Years
37.85%
5 to 10 Years
41.60%
Long Term
5.62%
10 to 20 Years
1.47%
20 to 30 Years
4.15%
Over 30 Years
0.00%
Other
2.22%
As of December 31, 2025
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