Asset Allocation

As of December 31, 2025.
Type % Net
Cash 5.24%
Stock 2.35%
Bond 91.14%
Convertible 0.00%
Preferred 0.43%
Other 0.85%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 42.03%
Corporate 47.36%
Securitized 1.78%
Municipal 0.51%
Other 8.32%
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Region Exposure

% Developed Markets: 76.36%    % Emerging Markets: 12.30%    % Unidentified Markets: 11.35%

Americas 70.86%
64.90%
Canada 3.66%
United States 61.25%
5.95%
Argentina 0.45%
Brazil 0.32%
Chile 0.49%
Colombia 0.60%
Mexico 0.99%
Peru 0.27%
Venezuela 0.22%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.63%
United Kingdom 2.36%
5.52%
Austria 0.03%
Belgium 0.23%
Denmark 0.17%
Finland 0.01%
France 1.41%
Germany 0.92%
Ireland 0.22%
Italy 0.26%
Netherlands 0.60%
Norway 0.11%
Portugal 0.06%
Spain 0.15%
Sweden 0.10%
Switzerland 0.25%
1.95%
Czech Republic 0.07%
Poland 0.25%
Turkey 0.53%
3.80%
Egypt 0.46%
Israel 0.14%
Nigeria 0.40%
Qatar 0.20%
Saudi Arabia 0.36%
South Africa 0.28%
United Arab Emirates 0.47%
Greater Asia 4.16%
Japan 0.73%
0.68%
Australia 0.62%
0.57%
Hong Kong 0.12%
Singapore 0.25%
South Korea 0.20%
2.18%
China 0.58%
India 0.03%
Indonesia 0.37%
Kazakhstan 0.06%
Malaysia 0.19%
Pakistan 0.17%
Philippines 0.14%
Thailand 0.06%
Unidentified Region 11.35%

Bond Credit Quality Exposure

AAA 1.72%
AA 27.50%
A 3.00%
BBB 10.28%
BB 22.21%
B 16.10%
Below B 6.31%
    CCC 6.11%
    CC 0.00%
    C 0.15%
    DDD 0.00%
    DD 0.00%
    D 0.05%
Not Rated 0.36%
Not Available 12.52%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.67%
Less than 1 Year
2.67%
Intermediate
72.48%
1 to 3 Years
17.34%
3 to 5 Years
22.61%
5 to 10 Years
32.53%
Long Term
17.05%
10 to 20 Years
8.26%
20 to 30 Years
7.76%
Over 30 Years
1.03%
Other
7.80%
As of December 31, 2025
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