Asset Allocation

As of December 31, 2025.
Type % Net
Cash 16.30%
Stock 0.00%
Bond 100.2%
Convertible 0.00%
Preferred 0.00%
Other -16.48%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 64.58%
Corporate 31.27%
Securitized 0.00%
Municipal 3.75%
Other 0.39%
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Region Exposure

% Developed Markets: 114.9%    % Emerging Markets: 1.41%    % Unidentified Markets: -16.27%

Americas 12.74%
12.63%
Canada 8.11%
United States 4.52%
0.11%
Chile 0.02%
Mexico 0.08%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 73.08%
United Kingdom 8.36%
64.15%
Austria 1.38%
Belgium 4.00%
Denmark 1.46%
Finland 0.97%
France 14.45%
Germany 10.79%
Greece 0.30%
Ireland 0.71%
Italy 8.55%
Netherlands 4.96%
Norway 0.60%
Portugal 0.68%
Spain 6.03%
Sweden 2.56%
Switzerland 3.24%
0.50%
Czech Republic 0.02%
Poland 0.10%
0.07%
Israel 0.03%
Saudi Arabia 0.01%
Greater Asia 30.45%
Japan 24.96%
4.67%
Australia 3.74%
0.55%
Hong Kong 0.01%
Singapore 0.54%
0.27%
China 0.09%
Indonesia 0.04%
Philippines 0.14%
Unidentified Region -16.27%

Bond Credit Quality Exposure

AAA 23.17%
AA 15.65%
A 33.07%
BBB 13.24%
BB 0.11%
B 0.00%
Below B 0.01%
    CCC 0.00%
    CC 0.01%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.04%
Not Available 14.72%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.23%
Less than 1 Year
2.23%
Intermediate
76.66%
1 to 3 Years
20.72%
3 to 5 Years
21.76%
5 to 10 Years
34.18%
Long Term
20.90%
10 to 20 Years
12.41%
20 to 30 Years
5.47%
Over 30 Years
3.02%
Other
0.20%
As of December 31, 2025
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