Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.58%
Stock 0.00%
Bond 97.60%
Convertible 0.00%
Preferred 0.00%
Other 0.82%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.27%
Corporate 92.37%
Securitized 0.93%
Municipal 0.00%
Other 5.43%
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Region Exposure

% Developed Markets: 90.50%    % Emerging Markets: 0.46%    % Unidentified Markets: 9.03%

Americas 81.64%
80.13%
Canada 5.50%
United States 74.63%
1.51%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.62%
United Kingdom 2.47%
4.15%
Denmark 0.31%
France 0.29%
Germany 0.88%
Ireland 0.36%
Italy 1.00%
Netherlands 0.13%
0.00%
0.00%
Greater Asia 2.71%
Japan 1.13%
0.91%
Australia 0.91%
0.67%
Singapore 0.36%
0.00%
Unidentified Region 9.03%

Bond Credit Quality Exposure

AAA 0.57%
AA 0.55%
A 0.00%
BBB 4.60%
BB 48.67%
B 36.59%
Below B 3.24%
    CCC 3.24%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.04%
Not Available 5.73%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.50%
Less than 1 Year
1.50%
Intermediate
90.63%
1 to 3 Years
8.58%
3 to 5 Years
39.66%
5 to 10 Years
42.39%
Long Term
6.74%
10 to 20 Years
2.38%
20 to 30 Years
2.35%
Over 30 Years
2.02%
Other
1.12%
As of December 31, 2025
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