Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.08%
Stock 0.33%
Bond 98.45%
Convertible 0.00%
Preferred 0.00%
Other 0.14%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.51%
Corporate 81.24%
Securitized 11.93%
Municipal 0.38%
Other 5.94%
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Region Exposure

% Developed Markets: 91.00%    % Emerging Markets: 0.85%    % Unidentified Markets: 8.15%

Americas 81.13%
77.67%
Canada 5.71%
United States 71.95%
3.46%
Argentina 0.38%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.52%
United Kingdom 3.13%
6.33%
France 1.00%
Germany 0.85%
Ireland 0.30%
Italy 0.13%
Netherlands 1.63%
Spain 0.41%
Switzerland 0.63%
0.06%
Russia 0.06%
0.00%
Greater Asia 1.20%
Japan 0.35%
0.00%
0.85%
Hong Kong 0.64%
Singapore 0.13%
0.00%
Unidentified Region 8.15%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.49%
A 0.00%
BBB 12.72%
BB 39.25%
B 29.79%
Below B 9.09%
    CCC 9.09%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.53%
Not Available 7.13%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.55%
Less than 1 Year
1.55%
Intermediate
80.20%
1 to 3 Years
6.32%
3 to 5 Years
27.91%
5 to 10 Years
45.97%
Long Term
14.03%
10 to 20 Years
11.20%
20 to 30 Years
1.12%
Over 30 Years
1.72%
Other
4.22%
As of December 31, 2025
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