Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.49%
Stock 0.00%
Bond 99.00%
Convertible 0.00%
Preferred 0.00%
Other -1.49%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 6.48%
Corporate 89.15%
Securitized 4.26%
Municipal 0.00%
Other 0.11%
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Region Exposure

% Developed Markets: 89.96%    % Emerging Markets: 8.63%    % Unidentified Markets: 1.41%

Americas 51.87%
46.22%
Canada 0.42%
United States 45.80%
5.65%
Brazil 0.51%
Chile 1.84%
Colombia 0.32%
Mexico 1.01%
Peru 0.32%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 41.01%
United Kingdom 9.10%
28.84%
Austria 0.95%
Belgium 0.94%
Denmark 0.49%
France 5.23%
Germany 2.76%
Greece 0.15%
Ireland 5.53%
Italy 1.85%
Netherlands 4.29%
Norway 0.75%
Spain 1.68%
Sweden 0.25%
Switzerland 0.02%
1.13%
Czech Republic 0.51%
Poland 0.41%
1.93%
United Arab Emirates 1.93%
Greater Asia 5.72%
Japan 1.68%
0.00%
2.25%
Singapore 0.94%
South Korea 1.31%
1.79%
India 1.03%
Indonesia 0.50%
Unidentified Region 1.41%

Bond Credit Quality Exposure

AAA 3.74%
AA 2.93%
A 10.70%
BBB 44.73%
BB 22.85%
B 11.79%
Below B 0.25%
    CCC 0.25%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 3.00%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.04%
Less than 1 Year
4.04%
Intermediate
81.62%
1 to 3 Years
11.16%
3 to 5 Years
23.04%
5 to 10 Years
47.42%
Long Term
12.68%
10 to 20 Years
9.70%
20 to 30 Years
1.01%
Over 30 Years
1.97%
Other
1.66%
As of December 31, 2025
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