Asset Allocation

As of December 31, 2025.
Type % Net
Cash 9.14%
Stock 0.14%
Bond 89.87%
Convertible 0.00%
Preferred 0.01%
Other 0.83%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 22.62%
Corporate 63.49%
Securitized 6.82%
Municipal 0.20%
Other 6.87%
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Region Exposure

% Developed Markets: 77.79%    % Emerging Markets: 19.78%    % Unidentified Markets: 2.43%

Americas 61.68%
52.80%
Canada 3.20%
United States 49.59%
8.89%
Argentina 0.31%
Brazil 1.84%
Chile 0.09%
Colombia 0.13%
Mexico 4.93%
Peru 0.05%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 31.68%
United Kingdom 4.49%
18.89%
Austria 0.26%
Belgium 0.37%
Denmark 0.41%
Finland 0.04%
France 4.35%
Germany 1.70%
Ireland 1.76%
Italy 2.57%
Netherlands 2.51%
Norway 0.08%
Portugal 0.27%
Spain 1.23%
Sweden 0.62%
Switzerland 0.65%
4.10%
Czech Republic 1.16%
Poland 1.06%
Turkey 1.26%
4.21%
Egypt 0.22%
Israel 0.07%
Nigeria 0.38%
South Africa 1.90%
United Arab Emirates 0.19%
Greater Asia 4.21%
Japan 0.66%
0.25%
Australia 0.23%
0.53%
Hong Kong 0.32%
Singapore 0.16%
2.77%
China 0.16%
Indonesia 1.88%
Kazakhstan 0.33%
Malaysia 0.11%
Pakistan 0.10%
Unidentified Region 2.43%

Bond Credit Quality Exposure

AAA 2.23%
AA 7.60%
A 10.33%
BBB 32.20%
BB 23.98%
B 9.28%
Below B 2.26%
    CCC 2.22%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.04%
Not Rated 0.37%
Not Available 11.75%
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
65.02%
1 to 3 Years
15.01%
3 to 5 Years
21.23%
5 to 10 Years
28.77%
Long Term
28.16%
10 to 20 Years
8.04%
20 to 30 Years
17.08%
Over 30 Years
3.03%
Other
4.15%
As of December 31, 2025
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