Asset Allocation

As of December 31, 2025.
Type % Net
Cash 41.44%
Stock 2.28%
Bond 45.32%
Convertible 0.00%
Preferred 0.85%
Other 10.11%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 26.55%
Corporate 26.47%
Securitized 37.76%
Municipal 0.01%
Other 9.21%
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Region Exposure

% Developed Markets: 81.17%    % Emerging Markets: 0.70%    % Unidentified Markets: 18.12%

Americas 74.75%
70.85%
Canada 1.40%
United States 69.46%
3.90%
Brazil 0.02%
Chile 0.04%
Colombia 0.08%
Mexico 0.19%
Peru 0.05%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.77%
United Kingdom 1.67%
3.78%
Belgium 0.01%
Denmark 0.01%
Finland 0.20%
France 1.41%
Germany 0.14%
Greece 0.05%
Ireland 0.21%
Italy 0.11%
Netherlands 0.48%
Norway 0.10%
Portugal 0.03%
Spain 0.55%
Sweden 0.11%
Switzerland 0.51%
0.01%
Czech Republic 0.01%
0.31%
Saudi Arabia 0.12%
South Africa 0.00%
United Arab Emirates 0.01%
Greater Asia 1.36%
Japan 0.90%
0.29%
Australia 0.29%
0.17%
Hong Kong 0.07%
Singapore 0.06%
South Korea 0.02%
-0.00%
China 0.01%
India 0.00%
Thailand -0.02%
Unidentified Region 18.12%

Bond Credit Quality Exposure

AAA 3.79%
AA 7.31%
A 8.88%
BBB 24.72%
BB 10.27%
B 2.71%
Below B 1.81%
    CCC 1.52%
    CC 0.14%
    C 0.15%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 4.47%
Not Available 36.05%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
23.78%
Less than 1 Year
23.78%
Intermediate
27.29%
1 to 3 Years
2.78%
3 to 5 Years
9.16%
5 to 10 Years
15.35%
Long Term
37.12%
10 to 20 Years
13.16%
20 to 30 Years
13.16%
Over 30 Years
10.80%
Other
11.82%
As of December 31, 2025
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