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November AAII Asset Allocation Survey: Bond Allocations Decrease

by AAII Staff | December 01, 2025

Individual investors’ allocations to bonds decreased while stock and cash allocations increased in the November AAII Asset Allocation Survey.

Stock and stock fund allocations increased 0.7 percentage points to 71.2%. Stock and stock fund allocations are above their historical average of 61.5% for the 66th consecutive month.

Bond and bond fund allocations decreased 0.8 percentage points to 14.0%. Bond and bond fund allocations are below their historical average of 16.0% for the fourth time in eight months.

Cash allocations increased 0.1 percentage points to 14.8%. Cash allocations are below their historical average of 22.5% for the 36th consecutive month.



November AAII Asset Allocation Survey results:
  • Stocks and Stock Funds: 71.2%, up 0.7 percentage points
  • Bonds and Bond Funds: 14.0%, down 0.8 percentage points
  • Cash: 14.8%, up 0.2 percentage points
November AAII Asset Allocation Details:
  • Stocks: 32.1%, up 1.7 percentage points
  • Stocks Funds: 39.1%, down 1.0 percentage points
  • Bonds: 4.7%, up 0.4 percentage points
  • Bond Funds: 9.3%, down 1.2 percentage points
Historical averages:

  • Stocks/Stock Funds: 61.5%
  • Bonds/Bond Funds: 16.0%
  • Cash: 22.5%

Take the Asset Allocation Survey.

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