Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.42%
Stock 0.00%
Bond 97.80%
Convertible 0.00%
Preferred 0.00%
Other 0.78%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 100.0%
Corporate 0.00%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 87.32%    % Emerging Markets: 11.90%    % Unidentified Markets: 0.78%

Americas 32.63%
28.27%
Canada 1.24%
United States 27.03%
4.36%
Brazil 0.00%
Colombia 2.55%
Mexico 1.81%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 51.17%
United Kingdom 6.00%
42.19%
Austria 1.60%
Belgium 2.81%
Denmark 0.23%
Finland 2.92%
France 10.81%
Germany 5.32%
Ireland 1.00%
Italy 10.32%
Netherlands 1.33%
Spain 5.85%
1.83%
Poland 1.04%
1.16%
Israel 0.56%
South Africa 0.60%
Greater Asia 15.42%
Japan 8.12%
2.18%
Australia 0.83%
0.00%
5.11%
Malaysia 5.11%
Unidentified Region 0.78%

Bond Credit Quality Exposure

AAA 7.97%
AA 39.27%
A 20.75%
BBB 8.29%
BB 3.06%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 20.65%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.79%
Less than 1 Year
4.79%
Intermediate
65.77%
1 to 3 Years
17.66%
3 to 5 Years
18.12%
5 to 10 Years
29.99%
Long Term
29.44%
10 to 20 Years
17.60%
20 to 30 Years
10.51%
Over 30 Years
1.33%
Other
0.00%
As of December 31, 2025
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