Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.78%
Stock 0.30%
Bond 96.12%
Convertible 0.34%
Preferred 0.23%
Other 1.23%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.00%
Corporate 95.59%
Securitized 0.00%
Municipal 0.00%
Other 4.41%
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Region Exposure

% Developed Markets: 94.79%    % Emerging Markets: 0.12%    % Unidentified Markets: 5.09%

Americas 83.28%
81.93%
Canada 2.24%
United States 79.69%
1.35%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 10.09%
United Kingdom 2.29%
7.81%
Denmark 0.18%
France 2.24%
Ireland 0.68%
Italy 0.65%
Netherlands 1.69%
Spain 0.44%
0.00%
0.00%
Greater Asia 1.53%
Japan 0.98%
0.55%
Australia 0.55%
0.00%
0.00%
Unidentified Region 5.09%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.00%
BBB 2.80%
BB 42.37%
B 40.44%
Below B 11.01%
    CCC 11.01%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 3.38%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.08%
Less than 1 Year
0.08%
Intermediate
98.00%
1 to 3 Years
10.20%
3 to 5 Years
43.78%
5 to 10 Years
44.02%
Long Term
1.65%
10 to 20 Years
1.61%
20 to 30 Years
0.04%
Over 30 Years
0.00%
Other
0.28%
As of December 31, 2025
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