Asset Allocation

As of December 31, 2025.
Type % Net
Cash -4.08%
Stock 0.00%
Bond 94.20%
Convertible 0.00%
Preferred 0.00%
Other 9.89%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 13.84%
Corporate 30.25%
Securitized 54.27%
Municipal 0.18%
Other 1.46%
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Region Exposure

% Developed Markets: 74.32%    % Emerging Markets: 8.87%    % Unidentified Markets: 16.81%

Americas 75.51%
67.68%
Canada 0.91%
United States 66.77%
7.82%
Argentina 0.25%
Brazil 1.50%
Chile 0.53%
Colombia 0.30%
Mexico 0.71%
Peru 0.27%
Venezuela 0.12%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.91%
United Kingdom 0.82%
1.63%
Denmark 0.09%
France 0.29%
Ireland 0.30%
Netherlands 0.16%
Norway 0.23%
Spain 0.14%
Sweden 0.04%
Switzerland 0.16%
1.38%
Poland 0.28%
Turkey 0.41%
2.07%
Egypt 0.22%
Israel 0.01%
Nigeria 0.19%
Saudi Arabia 0.30%
South Africa 0.26%
United Arab Emirates 0.12%
Greater Asia 1.78%
Japan 0.57%
0.29%
Australia 0.24%
0.06%
Singapore 0.06%
0.87%
India 0.04%
Indonesia 0.42%
Kazakhstan 0.04%
Malaysia 0.08%
Pakistan 0.07%
Philippines 0.09%
Thailand 0.03%
Unidentified Region 16.81%

Bond Credit Quality Exposure

AAA 9.04%
AA 27.64%
A 13.49%
BBB 17.50%
BB 6.93%
B 2.53%
Below B 1.34%
    CCC 0.95%
    CC 0.18%
    C 0.13%
    DDD 0.00%
    DD 0.00%
    D 0.08%
Not Rated 5.56%
Not Available 15.99%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.83%
Less than 1 Year
1.83%
Intermediate
35.50%
1 to 3 Years
5.32%
3 to 5 Years
9.75%
5 to 10 Years
20.43%
Long Term
59.66%
10 to 20 Years
29.82%
20 to 30 Years
26.74%
Over 30 Years
3.10%
Other
3.01%
As of December 31, 2025
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