Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.32%
Stock 0.00%
Bond 107.3%
Convertible 0.00%
Preferred 0.00%
Other -10.61%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 16.61%
Corporate 80.37%
Securitized 0.00%
Municipal 0.00%
Other 3.02%
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Region Exposure

% Developed Markets: 95.12%    % Emerging Markets: 9.75%    % Unidentified Markets: -4.87%

Americas 34.66%
34.33%
Canada 0.75%
United States 33.58%
0.34%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 63.65%
United Kingdom 24.18%
32.11%
Austria 0.13%
Belgium 1.31%
Finland 0.71%
France 4.71%
Germany 5.88%
Greece 0.17%
Ireland 1.66%
Italy 1.74%
Netherlands 5.85%
Spain 1.64%
Sweden 1.20%
0.55%
6.80%
South Africa 5.06%
United Arab Emirates 0.69%
Greater Asia 6.56%
Japan 0.45%
3.62%
Australia 3.62%
0.00%
2.49%
India 0.21%
Philippines 2.29%
Unidentified Region -4.87%

Bond Credit Quality Exposure

AAA 2.39%
AA 14.91%
A 10.59%
BBB 30.05%
BB 26.92%
B 11.55%
Below B 0.28%
    CCC 0.28%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 3.30%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.24%
Less than 1 Year
0.24%
Intermediate
80.46%
1 to 3 Years
6.32%
3 to 5 Years
27.66%
5 to 10 Years
46.48%
Long Term
17.80%
10 to 20 Years
14.70%
20 to 30 Years
1.97%
Over 30 Years
1.13%
Other
1.51%
As of December 31, 2025
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