Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.52%
Stock 0.00%
Bond 95.84%
Convertible 0.00%
Preferred 0.00%
Other 1.64%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 51.20%
Corporate 32.94%
Securitized 13.05%
Municipal 1.96%
Other 0.85%
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Region Exposure

% Developed Markets: 107.3%    % Emerging Markets: 9.52%    % Unidentified Markets: -16.86%

Americas 63.11%
56.50%
Canada 6.87%
United States 49.63%
6.61%
Brazil 2.20%
Chile 0.09%
Colombia 0.05%
Mexico 0.22%
Peru 0.79%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 32.13%
United Kingdom 6.62%
17.90%
Belgium 0.49%
Denmark 0.91%
France 5.12%
Germany 0.70%
Ireland 2.32%
Italy 1.07%
Netherlands 1.88%
Norway 0.52%
Spain 3.06%
Sweden 0.07%
Switzerland 0.94%
2.39%
Poland 0.22%
5.21%
Israel 1.13%
Qatar 0.07%
Saudi Arabia 0.91%
South Africa 2.39%
United Arab Emirates 0.41%
Greater Asia 21.62%
Japan 16.74%
3.18%
Australia 3.13%
1.39%
Singapore 0.97%
South Korea 0.37%
0.31%
Indonesia 0.09%
Kazakhstan 0.05%
Malaysia 0.17%
Unidentified Region -16.86%

Bond Credit Quality Exposure

AAA 13.05%
AA 32.12%
A 20.47%
BBB 11.29%
BB 3.57%
B 0.37%
Below B 1.44%
    CCC 0.81%
    CC 0.41%
    C 0.07%
    DDD 0.00%
    DD 0.00%
    D 0.15%
Not Rated 0.03%
Not Available 17.65%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
15.35%
Less than 1 Year
15.35%
Intermediate
43.83%
1 to 3 Years
10.23%
3 to 5 Years
10.06%
5 to 10 Years
23.55%
Long Term
40.78%
10 to 20 Years
10.64%
20 to 30 Years
8.62%
Over 30 Years
21.52%
Other
0.04%
As of December 31, 2025
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