Asset Allocation

As of December 31, 2025.
Type % Net
Cash 5.84%
Stock 0.22%
Bond 96.59%
Convertible 0.00%
Preferred 0.00%
Other -2.64%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.02%
Corporate 87.84%
Securitized 1.34%
Municipal 0.00%
Other 10.80%
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Region Exposure

% Developed Markets: 86.24%    % Emerging Markets: 0.13%    % Unidentified Markets: 13.63%

Americas 83.89%
83.01%
Canada 2.13%
United States 80.88%
0.88%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.47%
United Kingdom 0.97%
1.38%
Austria 0.00%
France 1.08%
Germany 0.00%
Greece 0.00%
Ireland 0.22%
Netherlands 0.07%
0.13%
Czech Republic 0.13%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
Australia 0.00%
0.00%
Singapore 0.00%
0.00%
Unidentified Region 13.63%

Bond Credit Quality Exposure

AAA 1.33%
AA 0.01%
A 0.00%
BBB 1.14%
BB 15.45%
B 39.87%
Below B 1.55%
    CCC 1.52%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.02%
Not Rated 0.84%
Not Available 39.80%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.11%
Less than 1 Year
1.11%
Intermediate
97.56%
1 to 3 Years
22.18%
3 to 5 Years
26.49%
5 to 10 Years
48.89%
Long Term
0.60%
10 to 20 Years
0.60%
20 to 30 Years
0.00%
Over 30 Years
0.00%
Other
0.73%
As of December 31, 2025
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