Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.61%
Stock 0.03%
Bond 97.40%
Convertible 0.29%
Preferred 0.00%
Other 0.67%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 21.26%
Corporate 66.04%
Securitized 6.18%
Municipal 0.28%
Other 6.24%
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Region Exposure

% Developed Markets: 83.97%    % Emerging Markets: 13.80%    % Unidentified Markets: 2.23%

Americas 76.47%
70.80%
Canada 3.85%
United States 66.95%
5.67%
Argentina 0.28%
Brazil 0.65%
Chile 0.55%
Colombia 0.51%
Mexico 0.97%
Peru 0.48%
Venezuela 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.82%
United Kingdom 2.57%
5.66%
Austria 0.09%
Belgium 0.18%
Denmark 0.09%
Finland 0.10%
France 1.13%
Germany 0.48%
Greece 0.03%
Ireland 0.42%
Italy 0.40%
Netherlands 0.75%
Norway 0.16%
Portugal 0.03%
Spain 0.40%
Sweden 0.16%
Switzerland 0.23%
2.73%
Czech Republic 0.27%
Poland 0.64%
Turkey 0.58%
2.86%
Egypt 0.23%
Israel 0.13%
Nigeria 0.20%
Qatar 0.01%
Saudi Arabia 0.33%
South Africa 0.60%
United Arab Emirates 0.38%
Greater Asia 7.48%
Japan 1.63%
0.94%
Australia 0.89%
0.85%
Hong Kong 0.27%
Singapore 0.27%
South Korea 0.27%
Taiwan 0.01%
4.06%
China 0.83%
India 0.54%
Indonesia 0.94%
Kazakhstan 0.10%
Malaysia 0.69%
Pakistan 0.05%
Philippines 0.43%
Thailand 0.42%
Unidentified Region 2.23%

Bond Credit Quality Exposure

AAA 2.77%
AA 10.41%
A 17.16%
BBB 20.88%
BB 20.10%
B 10.96%
Below B 2.95%
    CCC 2.91%
    CC 0.01%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 0.15%
Not Available 14.62%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.18%
Less than 1 Year
2.18%
Intermediate
73.94%
1 to 3 Years
19.14%
3 to 5 Years
24.45%
5 to 10 Years
30.35%
Long Term
23.73%
10 to 20 Years
8.87%
20 to 30 Years
13.36%
Over 30 Years
1.50%
Other
0.14%
As of December 31, 2025
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