Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.51%
Stock 0.00%
Bond 96.71%
Convertible 0.00%
Preferred 0.00%
Other 0.78%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 40.12%
Corporate 59.88%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 94.53%    % Emerging Markets: 2.24%    % Unidentified Markets: 3.23%

Americas 38.33%
37.70%
Canada 5.55%
United States 32.15%
0.63%
Mexico 0.63%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 51.98%
United Kingdom 16.94%
34.29%
Austria 0.09%
Belgium 4.01%
Denmark 1.39%
Finland 0.16%
France 5.12%
Germany 6.87%
Ireland 0.99%
Italy 0.66%
Netherlands 4.26%
Portugal 0.19%
Spain 0.93%
Sweden 0.88%
Switzerland 1.23%
0.74%
0.00%
Greater Asia 6.46%
Japan 4.04%
2.42%
Australia 2.42%
0.00%
0.00%
Unidentified Region 3.23%

Bond Credit Quality Exposure

AAA 9.95%
AA 27.57%
A 17.54%
BBB 33.79%
BB 3.89%
B 0.94%
Below B 0.29%
    CCC 0.26%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 0.01%
Not Available 6.01%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.71%
Less than 1 Year
4.71%
Intermediate
80.06%
1 to 3 Years
3.58%
3 to 5 Years
14.72%
5 to 10 Years
61.77%
Long Term
14.60%
10 to 20 Years
11.88%
20 to 30 Years
0.96%
Over 30 Years
1.75%
Other
0.64%
As of December 31, 2025
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