Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.65%
Stock 0.12%
Bond 95.63%
Convertible 0.00%
Preferred 0.00%
Other 1.60%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 5.30%
Corporate 93.66%
Securitized 0.00%
Municipal 0.00%
Other 1.04%
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Region Exposure

% Developed Markets: 93.29%    % Emerging Markets: 0.27%    % Unidentified Markets: 6.44%

Americas 83.52%
82.53%
Canada 3.53%
United States 79.00%
0.99%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.79%
United Kingdom 1.75%
6.99%
Denmark 0.22%
France 2.01%
Germany 0.43%
Ireland 0.60%
Italy 0.41%
Netherlands 2.15%
Spain 0.34%
0.05%
Poland 0.05%
0.00%
Greater Asia 1.26%
Japan 0.38%
0.28%
Australia 0.28%
0.59%
Hong Kong 0.04%
0.00%
Unidentified Region 6.44%

Bond Credit Quality Exposure

AAA 0.00%
AA 5.27%
A 0.00%
BBB 4.28%
BB 54.22%
B 30.57%
Below B 3.65%
    CCC 3.65%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.59%
Not Available 1.43%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.51%
Less than 1 Year
2.51%
Intermediate
94.66%
1 to 3 Years
18.26%
3 to 5 Years
37.48%
5 to 10 Years
38.92%
Long Term
2.75%
10 to 20 Years
1.54%
20 to 30 Years
1.02%
Over 30 Years
0.18%
Other
0.08%
As of December 31, 2025
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