Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.91%
Stock 0.00%
Bond 95.74%
Convertible 0.00%
Preferred 0.00%
Other 2.35%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 78.02%
Corporate 13.25%
Securitized 7.34%
Municipal 1.39%
Other 0.00%
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Region Exposure

% Developed Markets: 79.35%    % Emerging Markets: 14.88%    % Unidentified Markets: 5.77%

Americas 31.02%
26.64%
Canada 4.33%
United States 22.31%
4.38%
Brazil 1.48%
Colombia 1.49%
Mexico 0.56%
Peru 0.12%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 37.59%
United Kingdom 11.49%
25.29%
Austria 1.44%
Belgium 3.31%
Denmark 0.22%
Finland 0.46%
France 2.00%
Germany 3.78%
Greece 0.24%
Ireland 0.46%
Italy 4.39%
Netherlands 2.80%
Portugal 0.40%
Spain 3.68%
Sweden 0.27%
Switzerland 1.66%
0.65%
Czech Republic 0.14%
Poland 0.32%
0.17%
Israel 0.00%
Nigeria 0.17%
Greater Asia 25.62%
Japan 7.71%
3.46%
Australia 3.17%
5.21%
Singapore 0.60%
South Korea 4.60%
9.25%
China 6.74%
Indonesia 0.54%
Malaysia 1.07%
Thailand 0.89%
Unidentified Region 5.77%

Bond Credit Quality Exposure

AAA 11.89%
AA 36.65%
A 14.24%
BBB 8.93%
BB 3.26%
B 0.18%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.24%
Not Available 24.61%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.88%
Less than 1 Year
0.88%
Intermediate
62.10%
1 to 3 Years
9.08%
3 to 5 Years
7.55%
5 to 10 Years
45.47%
Long Term
37.02%
10 to 20 Years
9.70%
20 to 30 Years
21.99%
Over 30 Years
5.33%
Other
0.00%
As of December 31, 2025
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