Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.39%
Stock 0.00%
Bond 96.36%
Convertible 0.00%
Preferred 0.00%
Other 1.25%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 34.33%
Corporate 65.67%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 94.23%    % Emerging Markets: 2.22%    % Unidentified Markets: 3.55%

Americas 36.43%
35.75%
Canada 4.66%
United States 31.09%
0.67%
Mexico 0.67%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 53.05%
United Kingdom 18.80%
33.48%
Austria 0.10%
Belgium 3.19%
Denmark 1.73%
Finland 0.15%
France 5.16%
Germany 5.01%
Ireland 1.29%
Italy 0.82%
Netherlands 4.61%
Portugal 0.28%
Spain 0.79%
Sweden 0.81%
Switzerland 1.89%
0.77%
0.00%
Greater Asia 6.98%
Japan 4.32%
2.66%
Australia 2.66%
0.00%
0.00%
Unidentified Region 3.55%

Bond Credit Quality Exposure

AAA 6.79%
AA 23.72%
A 20.32%
BBB 35.40%
BB 4.35%
B 1.11%
Below B 0.69%
    CCC 0.23%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.47%
Not Rated 0.41%
Not Available 7.22%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
5.88%
Less than 1 Year
5.88%
Intermediate
75.28%
1 to 3 Years
2.89%
3 to 5 Years
13.90%
5 to 10 Years
58.50%
Long Term
16.86%
10 to 20 Years
11.08%
20 to 30 Years
2.39%
Over 30 Years
3.39%
Other
1.99%
As of December 31, 2025
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