Asset Allocation

As of December 31, 2025.
Type % Net
Cash 7.32%
Stock 0.00%
Bond 91.97%
Convertible 0.00%
Preferred 0.00%
Other 0.71%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 59.78%
Corporate 39.29%
Securitized 0.00%
Municipal 0.81%
Other 0.12%
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Region Exposure

% Developed Markets: 83.22%    % Emerging Markets: 13.21%    % Unidentified Markets: 3.57%

Americas 27.18%
20.80%
Canada 4.26%
United States 16.54%
6.38%
Brazil 2.65%
Chile 0.27%
Colombia 0.79%
Mexico 2.67%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 62.39%
United Kingdom 14.04%
41.52%
Austria 1.26%
Belgium 1.29%
Denmark 0.16%
France 5.94%
Germany 1.18%
Greece 0.96%
Ireland 3.14%
Italy 11.10%
Netherlands 6.93%
Norway 1.12%
Spain 6.76%
Sweden 1.01%
Switzerland 0.00%
5.38%
Czech Republic 3.50%
Poland 0.18%
1.45%
Israel 0.00%
Nigeria 0.25%
South Africa 1.21%
Greater Asia 6.85%
Japan 3.21%
3.64%
Australia 1.97%
0.00%
Singapore 0.00%
0.00%
China 0.00%
Unidentified Region 3.57%

Bond Credit Quality Exposure

AAA 6.47%
AA 24.81%
A 20.22%
BBB 29.52%
BB 9.29%
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 9.68%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.14%
Less than 1 Year
1.14%
Intermediate
69.92%
1 to 3 Years
13.76%
3 to 5 Years
15.09%
5 to 10 Years
41.07%
Long Term
23.19%
10 to 20 Years
11.99%
20 to 30 Years
9.89%
Over 30 Years
1.30%
Other
5.76%
As of December 31, 2025
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