Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.45%
Stock 0.12%
Bond 98.09%
Convertible 0.00%
Preferred 0.00%
Other 0.35%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 52.89%
Corporate 35.07%
Securitized 11.18%
Municipal 0.34%
Other 0.53%
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Region Exposure

% Developed Markets: 94.10%    % Emerging Markets: 12.65%    % Unidentified Markets: -6.75%

Americas 56.94%
51.00%
Canada 4.22%
United States 46.78%
5.94%
Brazil 0.01%
Chile 0.17%
Colombia 0.19%
Mexico 3.75%
Peru 0.16%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 31.76%
United Kingdom 8.90%
20.46%
Austria 0.65%
Belgium 1.72%
Denmark 0.32%
Finland 0.18%
France 5.82%
Germany 2.51%
Ireland 1.03%
Italy 2.31%
Netherlands 1.26%
Norway 0.18%
Portugal 0.01%
Spain 3.34%
Sweden 0.20%
Switzerland 0.25%
1.95%
Poland 0.17%
0.46%
Israel 0.07%
Qatar 0.02%
Saudi Arabia 0.06%
South Africa 0.12%
United Arab Emirates 0.06%
Greater Asia 18.06%
Japan 8.79%
2.17%
Australia 2.17%
1.65%
Hong Kong 0.62%
Singapore 0.26%
South Korea 0.73%
Taiwan 0.02%
5.44%
China 2.79%
India 0.20%
Indonesia 1.03%
Kazakhstan 0.14%
Malaysia 0.69%
Philippines 0.03%
Thailand 0.43%
Unidentified Region -6.75%

Bond Credit Quality Exposure

AAA 14.14%
AA 32.88%
A 17.32%
BBB 19.72%
BB 4.13%
B 0.50%
Below B 0.14%
    CCC 0.07%
    CC 0.00%
    C 0.04%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 0.14%
Not Available 11.03%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.09%
Less than 1 Year
2.09%
Intermediate
57.97%
1 to 3 Years
12.83%
3 to 5 Years
18.19%
5 to 10 Years
26.96%
Long Term
39.17%
10 to 20 Years
17.96%
20 to 30 Years
18.61%
Over 30 Years
2.60%
Other
0.77%
As of December 31, 2025
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