Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.58%
Stock 0.00%
Bond 96.52%
Convertible 0.00%
Preferred 0.74%
Other 0.15%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 2.16%
Corporate 13.46%
Securitized 82.01%
Municipal 0.00%
Other 2.37%
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Region Exposure

% Developed Markets: 93.01%    % Emerging Markets: 0.00%    % Unidentified Markets: 6.99%

Americas 92.97%
91.03%
United States 91.03%
1.94%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.04%
United Kingdom 0.00%
0.04%
Ireland 0.04%
0.00%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 6.99%

Bond Credit Quality Exposure

AAA 0.26%
AA 3.98%
A 2.09%
BBB 3.67%
BB 8.44%
B 11.00%
Below B 29.64%
    CCC 18.18%
    CC 3.05%
    C 4.58%
    DDD 0.00%
    DD 0.00%
    D 3.83%
Not Rated 21.60%
Not Available 19.33%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.90%
Less than 1 Year
2.90%
Intermediate
43.83%
1 to 3 Years
3.58%
3 to 5 Years
6.12%
5 to 10 Years
34.13%
Long Term
53.27%
10 to 20 Years
35.93%
20 to 30 Years
17.11%
Over 30 Years
0.23%
Other
0.00%
As of December 31, 2025
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