Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.15%
Stock 0.00%
Bond 97.72%
Convertible 0.00%
Preferred 0.14%
Other -0.01%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 19.87%
Corporate 39.45%
Securitized 33.25%
Municipal 0.20%
Other 7.23%
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Region Exposure

% Developed Markets: 71.17%    % Emerging Markets: 13.76%    % Unidentified Markets: 15.07%

Americas 71.81%
62.73%
Canada 2.30%
United States 60.43%
9.08%
Argentina 0.37%
Brazil 0.50%
Chile 1.15%
Colombia 0.58%
Mexico 2.32%
Peru 0.43%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 10.75%
United Kingdom 1.56%
3.54%
Austria 0.23%
France 0.27%
Germany 0.42%
Ireland 0.11%
Netherlands 0.87%
Spain 0.34%
Switzerland 0.35%
1.85%
Poland 0.27%
Turkey 0.66%
3.80%
Egypt 0.30%
Israel 0.39%
Nigeria 0.20%
Saudi Arabia 0.63%
South Africa 0.45%
United Arab Emirates 0.05%
Greater Asia 2.38%
Japan 0.27%
0.00%
0.25%
Hong Kong 0.04%
Singapore 0.08%
South Korea 0.08%
1.86%
India 0.61%
Indonesia 0.24%
Kazakhstan 0.29%
Malaysia 0.24%
Philippines 0.15%
Thailand 0.07%
Unidentified Region 15.07%

Bond Credit Quality Exposure

AAA 1.24%
AA 12.89%
A 15.17%
BBB 26.13%
BB 16.88%
B 9.95%
Below B 0.60%
    CCC 0.51%
    CC 0.09%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 6.91%
Not Available 10.23%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.16%
Less than 1 Year
0.16%
Intermediate
38.13%
1 to 3 Years
7.34%
3 to 5 Years
9.42%
5 to 10 Years
21.36%
Long Term
55.58%
10 to 20 Years
21.46%
20 to 30 Years
27.68%
Over 30 Years
6.43%
Other
6.14%
As of December 31, 2025
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