Asset Allocation

As of December 31, 2025.
Type % Net
Cash -5.80%
Stock 0.00%
Bond 96.41%
Convertible 0.00%
Preferred 0.00%
Other 9.39%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 21.28%
Corporate 77.48%
Securitized 0.00%
Municipal 0.00%
Other 1.24%
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Region Exposure

% Developed Markets: 84.19%    % Emerging Markets: 5.82%    % Unidentified Markets: 9.99%

Americas 47.85%
44.29%
Canada 1.11%
United States 43.18%
3.56%
Chile 0.49%
Mexico 1.78%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 40.26%
United Kingdom 4.98%
32.51%
Austria 1.65%
Belgium 0.52%
Denmark 0.39%
Finland 0.58%
France 6.70%
Germany 2.99%
Greece 0.58%
Ireland 2.27%
Italy 4.01%
Netherlands 5.93%
Norway 0.45%
Portugal 0.76%
Spain 1.68%
Switzerland 0.60%
2.21%
Poland 0.61%
Turkey 1.60%
0.56%
Israel 0.01%
Greater Asia 1.89%
Japan 0.06%
0.67%
Australia 0.67%
0.83%
Hong Kong 0.01%
Singapore 0.80%
0.33%
India 0.33%
Unidentified Region 9.99%

Bond Credit Quality Exposure

AAA 0.00%
AA 8.55%
A 0.59%
BBB 14.55%
BB 47.92%
B 13.00%
Below B 2.52%
    CCC 2.52%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 12.87%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
13.59%
Less than 1 Year
13.59%
Intermediate
72.23%
1 to 3 Years
16.12%
3 to 5 Years
23.21%
5 to 10 Years
32.90%
Long Term
7.06%
10 to 20 Years
0.97%
20 to 30 Years
2.58%
Over 30 Years
3.51%
Other
7.12%
As of December 31, 2025
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