Asset Allocation

As of December 31, 2025.
Type % Net
Cash -14.83%
Stock 0.25%
Bond 96.36%
Convertible 0.09%
Preferred 0.73%
Other 17.39%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 10.95%
Corporate 80.90%
Securitized 3.50%
Municipal 0.00%
Other 4.65%
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Region Exposure

% Developed Markets: 74.33%    % Emerging Markets: 3.32%    % Unidentified Markets: 22.35%

Americas 61.52%
58.78%
Canada 2.58%
United States 56.20%
2.74%
Brazil 0.00%
Chile 0.08%
Colombia 0.16%
Mexico 1.02%
Peru 0.23%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.40%
United Kingdom 2.97%
7.26%
Austria 0.00%
Denmark 0.03%
Finland 0.31%
France 1.52%
Germany 0.11%
Greece 0.01%
Ireland 1.25%
Italy 0.29%
Netherlands 0.59%
Norway 0.07%
Spain 0.56%
Switzerland 0.69%
0.34%
Turkey 0.09%
0.83%
Egypt 0.12%
Nigeria 0.19%
Saudi Arabia 0.28%
Greater Asia 4.73%
Japan 3.13%
0.47%
Australia 0.47%
1.04%
Hong Kong 0.45%
Singapore 0.01%
South Korea 0.59%
0.09%
China 0.00%
Unidentified Region 22.35%

Bond Credit Quality Exposure

AAA 0.12%
AA 10.02%
A 33.41%
BBB 41.43%
BB 9.71%
B 1.47%
Below B 0.02%
    CCC 0.02%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.06%
Not Available 3.77%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.00%
Less than 1 Year
2.00%
Intermediate
57.78%
1 to 3 Years
6.58%
3 to 5 Years
14.33%
5 to 10 Years
36.87%
Long Term
37.33%
10 to 20 Years
10.77%
20 to 30 Years
19.51%
Over 30 Years
7.05%
Other
2.89%
As of December 31, 2025
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