Asset Allocation

As of December 31, 2025.
Type % Net
Cash 20.37%
Stock 0.00%
Bond 100.1%
Convertible 0.00%
Preferred 0.00%
Other -20.43%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 100.0%
Corporate 0.00%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 117.2%    % Emerging Markets: 2.85%    % Unidentified Markets: -20.06%

Americas 4.94%
4.94%
Canada 4.67%
United States 0.27%
0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 78.49%
United Kingdom 6.66%
71.33%
Austria 4.71%
Belgium 4.67%
Denmark 3.61%
Finland 3.70%
France 8.41%
Germany 6.71%
Greece 2.09%
Ireland 2.75%
Italy 8.21%
Netherlands 4.63%
Norway 1.11%
Portugal 4.17%
Spain 5.16%
Sweden 2.85%
Switzerland 4.61%
0.50%
0.00%
Greater Asia 36.63%
Japan 24.00%
9.43%
Australia 4.93%
3.19%
Hong Kong 0.21%
Singapore 2.98%
0.00%
Unidentified Region -20.06%

Bond Credit Quality Exposure

AAA 26.24%
AA 18.95%
A 25.83%
BBB 4.54%
BB 0.00%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.27%
Not Available 24.18%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.95%
Less than 1 Year
1.95%
Intermediate
72.35%
1 to 3 Years
17.23%
3 to 5 Years
21.37%
5 to 10 Years
33.75%
Long Term
25.70%
10 to 20 Years
15.93%
20 to 30 Years
6.67%
Over 30 Years
3.10%
Other
0.00%
As of December 31, 2025
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