Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.51%
Stock 0.00%
Bond 96.53%
Convertible 0.00%
Preferred 0.00%
Other 0.96%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 49.73%
Corporate 33.45%
Securitized 13.03%
Municipal 2.76%
Other 1.04%
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Region Exposure

% Developed Markets: 78.54%    % Emerging Markets: 15.26%    % Unidentified Markets: 6.20%

Americas 39.91%
33.74%
Canada 4.69%
United States 29.05%
6.17%
Brazil 2.53%
Colombia 0.86%
Mexico 2.78%
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 5.36%
25.24%
Belgium 1.48%
Denmark 0.55%
France 4.25%
Germany 2.84%
Ireland 1.35%
Italy 3.61%
Netherlands 1.17%
Norway 1.72%
Spain 4.56%
Sweden 1.34%
Switzerland 0.68%
0.60%
Poland 0.02%
0.92%
Israel 0.18%
South Africa 0.39%
Greater Asia 21.77%
Japan 6.62%
4.54%
Australia 2.40%
2.51%
Singapore 0.26%
South Korea 2.24%
8.10%
China 6.81%
Indonesia 0.39%
Malaysia 0.49%
Thailand 0.41%
Unidentified Region 6.20%

Bond Credit Quality Exposure

AAA 11.07%
AA 17.12%
A 21.74%
BBB 23.98%
BB 5.18%
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 0.00%
Not Available 20.91%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.40%
Less than 1 Year
1.40%
Intermediate
68.30%
1 to 3 Years
5.56%
3 to 5 Years
13.91%
5 to 10 Years
48.83%
Long Term
30.30%
10 to 20 Years
11.21%
20 to 30 Years
18.62%
Over 30 Years
0.47%
Other
0.00%
As of December 31, 2025
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