Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.34%
Stock 2.28%
Bond 95.95%
Convertible 0.00%
Preferred 0.28%
Other 0.15%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.64%
Corporate 82.10%
Securitized 2.88%
Municipal 0.00%
Other 13.39%
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Region Exposure

% Developed Markets: 83.06%    % Emerging Markets: 0.26%    % Unidentified Markets: 16.68%

Americas 77.51%
75.99%
Canada 1.97%
United States 74.02%
1.52%
Brazil 0.08%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.98%
United Kingdom 1.25%
2.72%
Austria 0.04%
Denmark 0.07%
France 0.68%
Germany 0.14%
Greece 0.08%
Ireland 0.41%
Italy 0.23%
Netherlands 0.34%
Spain 0.14%
0.00%
0.00%
Greater Asia 1.83%
Japan 1.05%
0.48%
Australia 0.48%
0.30%
Hong Kong 0.08%
Singapore 0.12%
0.00%
Unidentified Region 16.68%

Bond Credit Quality Exposure

AAA 0.59%
AA 0.51%
A 0.02%
BBB 3.35%
BB 38.20%
B 29.40%
Below B 9.99%
    CCC 9.57%
    CC 0.34%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.08%
Not Rated 1.79%
Not Available 16.15%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.61%
Less than 1 Year
3.61%
Intermediate
85.86%
1 to 3 Years
15.10%
3 to 5 Years
37.37%
5 to 10 Years
33.38%
Long Term
5.00%
10 to 20 Years
4.32%
20 to 30 Years
0.65%
Over 30 Years
0.03%
Other
5.53%
As of December 31, 2025
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