Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.06%
Stock 0.00%
Bond 93.64%
Convertible 0.05%
Preferred 1.16%
Other 2.09%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 18.27%
Corporate 41.46%
Securitized 37.19%
Municipal 0.30%
Other 2.78%
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Region Exposure

% Developed Markets: 81.83%    % Emerging Markets: 7.18%    % Unidentified Markets: 10.99%

Americas 76.83%
71.24%
Canada 3.65%
United States 67.59%
5.59%
Argentina 0.03%
Brazil 1.32%
Chile 0.53%
Colombia 0.34%
Mexico 0.54%
Peru 0.31%
Venezuela 0.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.67%
United Kingdom 2.49%
3.34%
Austria 0.03%
Denmark 0.01%
Finland 0.20%
France 0.41%
Germany 0.16%
Ireland 0.28%
Netherlands 0.55%
Norway 0.64%
Spain 0.14%
Switzerland 0.11%
0.50%
Czech Republic 0.34%
Poland 0.03%
Turkey 0.05%
0.33%
Egypt 0.03%
Israel 0.01%
Nigeria 0.02%
Saudi Arabia 0.03%
South Africa 0.03%
United Arab Emirates 0.10%
Greater Asia 5.52%
Japan 0.34%
2.46%
Australia 1.59%
0.33%
Hong Kong 0.01%
Singapore 0.32%
2.39%
China 0.18%
India 0.59%
Indonesia 0.81%
Kazakhstan 0.00%
Malaysia 0.01%
Pakistan 0.01%
Philippines 0.78%
Thailand 0.00%
Unidentified Region 10.99%

Bond Credit Quality Exposure

AAA 10.02%
AA 13.15%
A 7.50%
BBB 23.23%
BB 13.59%
B 6.23%
Below B 0.94%
    CCC 0.80%
    CC 0.12%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.01%
Not Rated 4.69%
Not Available 20.64%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
5.01%
Less than 1 Year
5.01%
Intermediate
45.17%
1 to 3 Years
7.20%
3 to 5 Years
10.67%
5 to 10 Years
27.30%
Long Term
47.62%
10 to 20 Years
20.27%
20 to 30 Years
21.13%
Over 30 Years
6.21%
Other
2.20%
As of December 31, 2025
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