Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.22%
Stock 0.00%
Bond 95.98%
Convertible 0.00%
Preferred 0.85%
Other -0.05%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.50%
Corporate 95.32%
Securitized 0.00%
Municipal 0.00%
Other 3.18%
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Region Exposure

% Developed Markets: 91.61%    % Emerging Markets: 2.06%    % Unidentified Markets: 6.34%

Americas 81.56%
77.24%
Canada 3.18%
United States 74.06%
4.32%
Mexico 0.22%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.15%
United Kingdom 3.07%
8.08%
France 3.54%
Greece 0.36%
Ireland 1.49%
Netherlands 1.13%
0.00%
0.00%
Greater Asia 0.95%
Japan 0.00%
0.00%
0.95%
Hong Kong 0.95%
0.00%
Unidentified Region 6.34%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.61%
A 0.25%
BBB 6.15%
BB 57.03%
B 32.39%
Below B 0.53%
    CCC 0.50%
    CC 0.02%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.55%
Not Available 2.49%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.87%
Less than 1 Year
0.87%
Intermediate
89.10%
1 to 3 Years
8.36%
3 to 5 Years
30.68%
5 to 10 Years
50.06%
Long Term
9.39%
10 to 20 Years
2.26%
20 to 30 Years
5.52%
Over 30 Years
1.61%
Other
0.64%
As of December 31, 2025
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