Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.98%
Stock 0.00%
Bond 100.4%
Convertible 0.00%
Preferred 0.00%
Other -2.38%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 6.43%
Corporate 59.35%
Securitized 5.09%
Municipal 0.17%
Other 28.95%
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Region Exposure

% Developed Markets: 60.51%    % Emerging Markets: 6.76%    % Unidentified Markets: 32.73%

Americas 52.80%
35.68%
Canada 1.49%
United States 34.19%
17.12%
Argentina 0.49%
Brazil 0.10%
Chile 0.09%
Colombia 0.59%
Mexico 0.54%
Peru 0.10%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.32%
United Kingdom 2.37%
8.26%
Austria 0.13%
Belgium 0.10%
Denmark 0.10%
Finland 0.08%
France 1.41%
Germany 1.36%
Ireland 0.52%
Italy 0.66%
Netherlands 1.55%
Portugal 0.17%
Spain 0.53%
Sweden 0.36%
Switzerland 0.23%
0.47%
Turkey 0.10%
2.22%
Egypt 0.24%
Nigeria 0.47%
South Africa 0.22%
Greater Asia 1.15%
Japan 0.12%
0.08%
Australia 0.08%
0.16%
Hong Kong 0.10%
South Korea 0.05%
0.79%
China 0.07%
India 0.05%
Kazakhstan 0.06%
Unidentified Region 32.73%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.68%
A 0.79%
BBB 5.48%
BB 18.76%
B 16.23%
Below B 3.36%
    CCC 3.20%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.16%
Not Rated 0.47%
Not Available 54.23%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.54%
Less than 1 Year
4.54%
Intermediate
80.57%
1 to 3 Years
21.70%
3 to 5 Years
26.73%
5 to 10 Years
32.14%
Long Term
12.40%
10 to 20 Years
3.41%
20 to 30 Years
7.13%
Over 30 Years
1.86%
Other
2.49%
As of December 31, 2025
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