Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.27%
Stock 0.09%
Bond 96.28%
Convertible 0.00%
Preferred 0.41%
Other 2.95%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 3.17%
Corporate 46.34%
Securitized 42.86%
Municipal 0.02%
Other 7.60%
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Region Exposure

% Developed Markets: 84.23%    % Emerging Markets: 5.78%    % Unidentified Markets: 9.99%

Americas 80.47%
76.94%
Canada 1.05%
United States 75.89%
3.53%
Argentina 0.18%
Brazil 0.07%
Chile 0.42%
Colombia 0.08%
Mexico 0.17%
Peru 0.04%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.63%
United Kingdom 3.22%
3.82%
Denmark 0.00%
France 0.05%
Germany 0.33%
Ireland 1.59%
Italy 0.01%
Netherlands 0.80%
Norway 0.00%
Spain 0.01%
0.59%
Turkey 0.17%
1.00%
Egypt 0.10%
Nigeria 0.08%
Qatar 0.06%
Saudi Arabia 0.14%
South Africa 0.13%
United Arab Emirates 0.10%
Greater Asia 0.91%
Japan 0.45%
0.02%
Australia 0.02%
0.01%
Hong Kong 0.00%
Singapore 0.00%
0.43%
Indonesia 0.05%
Kazakhstan 0.02%
Pakistan 0.02%
Philippines 0.03%
Unidentified Region 9.99%

Bond Credit Quality Exposure

AAA 9.45%
AA 18.18%
A 2.89%
BBB 11.88%
BB 14.10%
B 15.19%
Below B 2.06%
    CCC 2.05%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 7.05%
Not Available 19.19%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.46%
Less than 1 Year
0.46%
Intermediate
46.36%
1 to 3 Years
2.20%
3 to 5 Years
17.14%
5 to 10 Years
27.02%
Long Term
51.67%
10 to 20 Years
24.71%
20 to 30 Years
22.38%
Over 30 Years
4.58%
Other
1.52%
As of December 31, 2025
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