Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.02%
Stock 2.03%
Bond 96.49%
Convertible 0.00%
Preferred 0.24%
Other 0.22%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.80%
Corporate 83.20%
Securitized 2.80%
Municipal 0.00%
Other 12.19%
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Region Exposure

% Developed Markets: 84.46%    % Emerging Markets: 0.26%    % Unidentified Markets: 15.29%

Americas 78.67%
77.05%
Canada 2.04%
United States 75.01%
1.62%
Brazil 0.07%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.12%
United Kingdom 1.25%
2.88%
Austria 0.03%
Denmark 0.15%
France 0.67%
Germany 0.14%
Greece 0.08%
Ireland 0.41%
Italy 0.27%
Netherlands 0.35%
Spain 0.14%
0.00%
0.00%
Greater Asia 1.92%
Japan 1.10%
0.49%
Australia 0.49%
0.32%
Hong Kong 0.10%
Singapore 0.12%
0.00%
Unidentified Region 15.29%

Bond Credit Quality Exposure

AAA 0.53%
AA 0.55%
A 0.02%
BBB 3.98%
BB 40.40%
B 28.74%
Below B 9.35%
    CCC 9.15%
    CC 0.13%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.08%
Not Rated 1.79%
Not Available 14.64%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.67%
Less than 1 Year
3.67%
Intermediate
86.78%
1 to 3 Years
15.63%
3 to 5 Years
37.85%
5 to 10 Years
33.29%
Long Term
4.55%
10 to 20 Years
3.93%
20 to 30 Years
0.60%
Over 30 Years
0.02%
Other
5.01%
As of December 31, 2025
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