Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.44%
Stock 0.48%
Bond 97.60%
Convertible 0.00%
Preferred 0.00%
Other -0.51%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 49.59%
Corporate 10.19%
Securitized 36.60%
Municipal 0.00%
Other 3.62%
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Region Exposure

% Developed Markets: 132.8%    % Emerging Markets: 10.38%    % Unidentified Markets: -43.14%

Americas 135.0%
126.1%
Canada 0.09%
United States 126.0%
8.98%
Argentina 0.71%
Brazil 3.07%
Chile 0.08%
Colombia 1.18%
Mexico 1.08%
Peru 1.18%
Venezuela 0.11%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.67%
United Kingdom 2.70%
2.01%
France 0.46%
Ireland 0.05%
Italy 0.01%
Netherlands 0.26%
Spain 0.15%
Switzerland 0.46%
1.67%
Russia 0.23%
Turkey 0.46%
1.28%
Egypt 0.25%
Israel 0.07%
South Africa 0.96%
Greater Asia 0.43%
Japan 0.35%
0.07%
Australia 0.04%
0.00%
0.01%
China 0.01%
Unidentified Region -43.14%

Bond Credit Quality Exposure

AAA 6.24%
AA 47.26%
A 2.44%
BBB 4.91%
BB 5.14%
B 1.09%
Below B 8.25%
    CCC 4.70%
    CC 0.70%
    C 1.82%
    DDD 0.00%
    DD 0.00%
    D 1.03%
Not Rated 1.70%
Not Available 22.98%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
18.66%
Less than 1 Year
18.66%
Intermediate
23.38%
1 to 3 Years
4.51%
3 to 5 Years
5.14%
5 to 10 Years
13.73%
Long Term
47.79%
10 to 20 Years
8.87%
20 to 30 Years
15.46%
Over 30 Years
23.46%
Other
10.17%
As of December 31, 2025
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