Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.27%
Stock 0.00%
Bond 98.18%
Convertible 0.00%
Preferred 0.00%
Other 0.55%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 15.39%
Corporate 47.42%
Securitized 36.19%
Municipal 0.00%
Other 0.99%
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Region Exposure

% Developed Markets: 90.96%    % Emerging Markets: 7.35%    % Unidentified Markets: 1.69%

Americas 64.42%
58.60%
Canada 1.28%
United States 57.33%
5.82%
Brazil 1.29%
Colombia 0.32%
Mexico 1.07%
Peru 0.08%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 31.43%
United Kingdom 8.00%
21.59%
Denmark 0.28%
Finland 0.31%
France 4.00%
Germany 1.64%
Greece 0.31%
Ireland 0.99%
Italy 2.91%
Netherlands 4.00%
Norway 0.17%
Spain 1.61%
Sweden 0.28%
Switzerland 0.00%
0.90%
Czech Republic 0.27%
Poland 0.53%
Turkey 0.01%
0.94%
South Africa 0.94%
Greater Asia 2.46%
Japan 0.78%
0.43%
Australia 0.43%
0.15%
Singapore 0.15%
1.11%
China 0.00%
Indonesia 0.26%
Philippines 0.38%
Thailand 0.46%
Unidentified Region 1.69%

Bond Credit Quality Exposure

AAA 19.92%
AA 14.51%
A 4.44%
BBB 7.26%
BB 23.89%
B 14.94%
Below B 1.65%
    CCC 1.59%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.06%
Not Rated 0.67%
Not Available 12.72%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.74%
Less than 1 Year
6.74%
Intermediate
47.52%
1 to 3 Years
7.74%
3 to 5 Years
19.95%
5 to 10 Years
19.83%
Long Term
43.62%
10 to 20 Years
14.79%
20 to 30 Years
13.64%
Over 30 Years
15.19%
Other
2.12%
As of December 31, 2025
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