Asset Allocation

As of December 31, 2025.
Type % Net
Cash -1.60%
Stock 0.31%
Bond 97.74%
Convertible 0.00%
Preferred 0.10%
Other 3.45%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.41%
Corporate 95.24%
Securitized 0.07%
Municipal 0.00%
Other 3.28%
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Region Exposure

% Developed Markets: 93.39%    % Emerging Markets: 0.30%    % Unidentified Markets: 6.31%

Americas 83.53%
82.23%
Canada 3.87%
United States 78.37%
1.30%
Brazil 0.00%
Chile 0.00%
Mexico 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.26%
United Kingdom 2.64%
5.46%
Austria 0.03%
Denmark 0.08%
Finland 0.01%
France 1.18%
Germany 0.40%
Greece 0.03%
Ireland 0.72%
Italy 0.33%
Netherlands 0.77%
Norway 0.04%
Portugal 0.01%
Spain 0.09%
Sweden 0.04%
Switzerland 0.29%
0.01%
Czech Republic 0.00%
0.16%
Israel 0.11%
Greater Asia 1.90%
Japan 1.04%
0.40%
Australia 0.40%
0.46%
Hong Kong 0.12%
Singapore 0.11%
Taiwan 0.00%
0.00%
China 0.00%
Unidentified Region 6.31%

Bond Credit Quality Exposure

AAA 0.04%
AA 0.65%
A 0.00%
BBB 2.64%
BB 48.12%
B 36.10%
Below B 8.49%
    CCC 8.22%
    CC 0.09%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.18%
Not Rated 0.03%
Not Available 3.93%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.53%
Less than 1 Year
2.53%
Intermediate
92.73%
1 to 3 Years
17.26%
3 to 5 Years
38.01%
5 to 10 Years
37.46%
Long Term
3.49%
10 to 20 Years
1.21%
20 to 30 Years
1.58%
Over 30 Years
0.70%
Other
1.25%
As of December 31, 2025
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