Asset Allocation

As of December 31, 2025.
Type % Net
Cash 26.78%
Stock 0.00%
Bond 70.47%
Convertible 0.00%
Preferred 0.00%
Other 2.75%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 28.05%
Corporate 16.45%
Securitized 38.03%
Municipal 0.00%
Other 17.46%
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Region Exposure

% Developed Markets: 80.62%    % Emerging Markets: 15.68%    % Unidentified Markets: 3.70%

Americas 83.43%
77.29%
United States 77.29%
6.14%
Brazil 0.41%
Chile 0.55%
Colombia 1.24%
Mexico 2.39%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.83%
United Kingdom 1.41%
1.92%
France 1.92%
2.73%
Turkey 1.30%
5.77%
Egypt 1.03%
Nigeria 0.41%
Saudi Arabia 0.39%
South Africa 0.58%
United Arab Emirates 0.45%
Greater Asia 1.04%
Japan 0.00%
0.00%
0.00%
1.04%
India 0.40%
Indonesia 0.19%
Kazakhstan 0.22%
Malaysia 0.23%
Unidentified Region 3.70%

Bond Credit Quality Exposure

AAA 4.92%
AA 47.66%
A 3.12%
BBB 5.26%
BB 7.63%
B 5.41%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 25.99%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
34.00%
1 to 3 Years
3.88%
3 to 5 Years
6.46%
5 to 10 Years
23.66%
Long Term
66.00%
10 to 20 Years
6.29%
20 to 30 Years
55.84%
Over 30 Years
3.87%
Other
0.00%
As of December 31, 2025
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