Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.83%
Stock 0.52%
Bond 95.26%
Convertible 0.00%
Preferred 0.05%
Other 1.34%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 9.25%
Corporate 71.18%
Securitized 18.43%
Municipal 0.37%
Other 0.77%
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Region Exposure

% Developed Markets: 79.69%    % Emerging Markets: 7.90%    % Unidentified Markets: 12.42%

Americas 77.06%
72.04%
Canada 0.67%
United States 71.37%
5.02%
Argentina 0.58%
Brazil 0.29%
Chile 0.15%
Colombia 0.85%
Mexico 1.33%
Peru 0.29%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.16%
United Kingdom 0.99%
4.21%
Austria 0.11%
France 0.51%
Germany 0.03%
Greece 0.36%
Ireland 0.05%
Italy 0.14%
Netherlands 1.14%
Spain 0.15%
Switzerland 0.11%
0.96%
Poland 0.19%
Turkey 0.32%
2.00%
Egypt 0.36%
Israel 0.06%
Nigeria 0.13%
Qatar 0.15%
Saudi Arabia 0.19%
South Africa 0.18%
United Arab Emirates 0.27%
Greater Asia 2.36%
Japan 0.45%
0.16%
Australia 0.16%
0.52%
Hong Kong 0.29%
Singapore 0.14%
South Korea 0.04%
1.24%
China 0.07%
India 0.26%
Indonesia 0.34%
Kazakhstan 0.03%
Malaysia 0.24%
Philippines 0.23%
Thailand 0.01%
Unidentified Region 12.42%

Bond Credit Quality Exposure

AAA 3.04%
AA 8.10%
A 14.54%
BBB 22.69%
BB 23.27%
B 14.74%
Below B 4.32%
    CCC 3.95%
    CC 0.05%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.31%
Not Rated 2.37%
Not Available 6.94%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.67%
Less than 1 Year
0.67%
Intermediate
69.97%
1 to 3 Years
7.64%
3 to 5 Years
21.54%
5 to 10 Years
40.79%
Long Term
28.97%
10 to 20 Years
12.17%
20 to 30 Years
13.17%
Over 30 Years
3.63%
Other
0.39%
As of December 31, 2025
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