Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.51%
Stock 0.00%
Bond 96.34%
Convertible 0.00%
Preferred 0.00%
Other 2.15%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 56.49%
Corporate 26.90%
Securitized 13.61%
Municipal 2.55%
Other 0.44%
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Region Exposure

% Developed Markets: 87.35%    % Emerging Markets: 8.77%    % Unidentified Markets: 3.88%

Americas 52.98%
49.36%
Canada 3.05%
United States 46.30%
3.62%
Chile 0.74%
Colombia 0.37%
Mexico 2.26%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 36.89%
United Kingdom 11.84%
20.42%
Denmark 0.45%
France 0.71%
Germany 4.04%
Ireland 0.67%
Italy 8.82%
Netherlands 0.88%
Spain 4.26%
3.75%
Czech Republic 1.45%
0.88%
South Africa 0.38%
Greater Asia 6.26%
Japan 4.45%
1.81%
Australia 1.81%
0.00%
0.00%
Unidentified Region 3.88%

Bond Credit Quality Exposure

AAA 4.40%
AA 33.67%
A 14.17%
BBB 30.19%
BB 1.30%
B 0.42%
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 15.84%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
68.25%
1 to 3 Years
10.04%
3 to 5 Years
11.72%
5 to 10 Years
46.49%
Long Term
31.50%
10 to 20 Years
5.22%
20 to 30 Years
24.80%
Over 30 Years
1.48%
Other
0.25%
As of December 31, 2025
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