Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.01%
Stock 0.15%
Bond 95.29%
Convertible 0.00%
Preferred 1.63%
Other 1.93%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.97%
Corporate 95.14%
Securitized 0.13%
Municipal 0.50%
Other 3.27%
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Region Exposure

% Developed Markets: 93.45%    % Emerging Markets: 0.36%    % Unidentified Markets: 6.19%

Americas 88.59%
86.71%
Canada 2.64%
United States 84.07%
1.88%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.79%
United Kingdom 1.90%
2.73%
Austria 0.06%
France 0.53%
Ireland 0.09%
Netherlands 0.88%
0.00%
0.15%
Israel 0.15%
Greater Asia 0.43%
Japan 0.34%
0.09%
Australia 0.09%
0.00%
0.00%
Unidentified Region 6.19%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.62%
A 0.00%
BBB 2.39%
BB 43.21%
B 39.47%
Below B 8.60%
    CCC 8.60%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.13%
Not Available 5.58%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.05%
Less than 1 Year
1.05%
Intermediate
92.19%
1 to 3 Years
10.15%
3 to 5 Years
36.50%
5 to 10 Years
45.53%
Long Term
4.74%
10 to 20 Years
2.58%
20 to 30 Years
1.96%
Over 30 Years
0.21%
Other
2.02%
As of December 31, 2025
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