Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.09%
Stock 0.00%
Bond 89.94%
Convertible 0.00%
Preferred 0.00%
Other 10.15%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 33.42%
Corporate 59.57%
Securitized 6.90%
Municipal 0.00%
Other 0.11%
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Region Exposure

% Developed Markets: 78.59%    % Emerging Markets: 16.50%    % Unidentified Markets: 4.91%

Americas 71.44%
62.93%
Canada 1.33%
United States 61.61%
8.51%
Argentina 0.71%
Brazil 0.09%
Chile 0.04%
Colombia 1.29%
Mexico 2.02%
Peru 1.09%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 20.77%
United Kingdom 3.22%
10.23%
Austria 0.18%
Belgium 0.24%
France 1.36%
Germany 0.58%
Ireland 0.90%
Italy 1.14%
Netherlands 2.62%
Norway 0.37%
Spain 0.34%
Switzerland 0.37%
3.28%
Czech Republic 0.12%
Poland 0.39%
Turkey 0.73%
4.04%
Egypt 0.74%
Nigeria 0.27%
Saudi Arabia 0.63%
South Africa 0.65%
Greater Asia 2.88%
Japan 0.67%
0.73%
Australia 0.73%
0.27%
Hong Kong 0.09%
Singapore 0.13%
1.21%
Indonesia 0.53%
Kazakhstan 0.27%
Malaysia 0.04%
Pakistan 0.18%
Unidentified Region 4.91%

Bond Credit Quality Exposure

AAA 4.41%
AA 23.26%
A 8.72%
BBB 34.94%
BB 16.90%
B 8.22%
Below B 1.66%
    CCC 1.66%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 1.90%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
13.81%
Less than 1 Year
13.81%
Intermediate
59.58%
1 to 3 Years
5.78%
3 to 5 Years
19.12%
5 to 10 Years
34.68%
Long Term
25.47%
10 to 20 Years
7.62%
20 to 30 Years
8.73%
Over 30 Years
9.13%
Other
1.14%
As of December 31, 2025
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