Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.95%
Stock 0.00%
Bond 96.37%
Convertible 0.00%
Preferred 0.00%
Other 0.68%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 21.18%
Corporate 37.41%
Securitized 40.61%
Municipal 0.00%
Other 0.80%
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Region Exposure

% Developed Markets: 84.08%    % Emerging Markets: 3.39%    % Unidentified Markets: 12.52%

Americas 77.83%
73.64%
Canada 0.68%
United States 72.96%
4.19%
Chile 0.28%
Colombia 0.26%
Peru 0.13%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.31%
United Kingdom 2.69%
2.93%
Austria 0.13%
Denmark 0.27%
France 0.89%
Ireland 0.49%
Netherlands 0.98%
0.41%
Turkey 0.28%
0.27%
United Arab Emirates 0.27%
Greater Asia 3.33%
Japan 0.35%
0.03%
Australia 0.03%
1.23%
Hong Kong 0.27%
Singapore 0.28%
South Korea 0.54%
1.72%
India 0.68%
Indonesia 0.54%
Malaysia 0.13%
Thailand 0.15%
Unidentified Region 12.52%

Bond Credit Quality Exposure

AAA 13.13%
AA 31.55%
A 13.17%
BBB 21.30%
BB 5.95%
B 4.00%
Below B 0.33%
    CCC 0.33%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.67%
Not Available 9.90%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
5.33%
Less than 1 Year
5.33%
Intermediate
70.22%
1 to 3 Years
40.14%
3 to 5 Years
15.14%
5 to 10 Years
14.94%
Long Term
24.18%
10 to 20 Years
6.28%
20 to 30 Years
11.89%
Over 30 Years
6.02%
Other
0.26%
As of December 31, 2025
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