Asset Allocation

As of December 31, 2025.
Type % Net
Cash -5.79%
Stock 0.26%
Bond 103.7%
Convertible 0.00%
Preferred 0.00%
Other 1.83%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 22.49%
Corporate 13.54%
Securitized 62.62%
Municipal 0.00%
Other 1.35%
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Region Exposure

% Developed Markets: 127.1%    % Emerging Markets: 9.15%    % Unidentified Markets: -36.23%

Americas 120.8%
110.2%
Canada -0.00%
United States 110.2%
10.53%
Argentina 0.59%
Brazil 2.89%
Colombia 0.97%
Mexico 0.90%
Peru 1.13%
Venezuela 0.05%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 14.59%
United Kingdom 3.92%
8.03%
France 0.92%
Germany 0.00%
Ireland 4.59%
Italy 0.61%
Netherlands 0.75%
Spain 0.27%
Sweden 0.00%
Switzerland 0.34%
1.34%
Russia 0.14%
Turkey 0.26%
1.29%
Israel 0.12%
Saudi Arabia 0.22%
South Africa 0.82%
Greater Asia 0.89%
Japan 0.77%
0.00%
Australia 0.00%
0.00%
0.13%
China 0.01%
Kazakhstan 0.11%
Unidentified Region -36.23%

Bond Credit Quality Exposure

AAA 20.82%
AA 45.69%
A 3.20%
BBB 5.81%
BB 4.87%
B 1.12%
Below B 10.21%
    CCC 6.36%
    CC 1.81%
    C 1.01%
    DDD 0.00%
    DD 0.00%
    D 1.03%
Not Rated 0.58%
Not Available 7.69%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
3.54%
Less than 1 Year
3.54%
Intermediate
27.62%
1 to 3 Years
4.89%
3 to 5 Years
4.85%
5 to 10 Years
17.88%
Long Term
57.73%
10 to 20 Years
13.73%
20 to 30 Years
11.82%
Over 30 Years
32.18%
Other
11.11%
As of December 31, 2025
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