Asset Allocation

As of December 31, 2025.
Type % Net
Cash 6.00%
Stock 0.35%
Bond 94.34%
Convertible 0.00%
Preferred 0.69%
Other -1.38%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 4.23%
Corporate 75.63%
Securitized 15.09%
Municipal 0.00%
Other 5.05%
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Region Exposure

% Developed Markets: 75.84%    % Emerging Markets: 7.24%    % Unidentified Markets: 16.93%

Americas 72.07%
64.60%
Canada 2.27%
United States 62.33%
7.46%
Argentina 0.77%
Brazil 0.13%
Chile 0.09%
Colombia 0.49%
Mexico 0.66%
Peru 0.10%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.80%
United Kingdom 2.27%
4.73%
Austria 0.13%
Denmark 0.18%
Finland 0.00%
France 0.97%
Germany 0.83%
Greece 0.00%
Ireland 0.66%
Italy 0.00%
Netherlands 0.20%
Norway 0.00%
Spain 0.14%
Switzerland 0.29%
0.88%
Turkey 0.57%
1.92%
Egypt 0.23%
Israel 0.18%
Nigeria 0.07%
South Africa 0.20%
United Arab Emirates 0.09%
Greater Asia 1.21%
Japan 0.02%
0.29%
Australia 0.29%
0.10%
Singapore 0.00%
0.80%
India 0.31%
Indonesia 0.15%
Pakistan 0.06%
Unidentified Region 16.93%

Bond Credit Quality Exposure

AAA 0.58%
AA 0.00%
A 0.33%
BBB 5.61%
BB 38.68%
B 33.43%
Below B 6.64%
    CCC 6.00%
    CC 0.17%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.46%
Not Rated 4.91%
Not Available 9.82%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.52%
Less than 1 Year
0.52%
Intermediate
73.58%
1 to 3 Years
8.79%
3 to 5 Years
24.62%
5 to 10 Years
40.18%
Long Term
22.71%
10 to 20 Years
12.31%
20 to 30 Years
8.62%
Over 30 Years
1.77%
Other
3.18%
As of December 31, 2025
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