Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.00%
Stock 0.00%
Bond 97.47%
Convertible 0.00%
Preferred 0.00%
Other 2.53%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 27.42%
Corporate 63.61%
Securitized 6.93%
Municipal 0.95%
Other 1.09%
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Region Exposure

% Developed Markets: 94.58%    % Emerging Markets: 2.29%    % Unidentified Markets: 3.13%

Americas 43.02%
42.09%
Canada 1.36%
United States 40.73%
0.93%
Brazil 0.46%
Chile 0.47%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 47.55%
United Kingdom 9.10%
37.90%
Austria 0.27%
Belgium 1.52%
Denmark 1.84%
France 5.83%
Germany 7.16%
Ireland 3.17%
Italy 0.97%
Netherlands 8.17%
Norway 0.84%
Spain 1.70%
Sweden 1.91%
Switzerland 0.55%
0.56%
Czech Republic 0.28%
0.00%
Greater Asia 6.30%
Japan 2.95%
3.08%
Australia 3.08%
0.28%
South Korea 0.28%
0.00%
Unidentified Region 3.13%

Bond Credit Quality Exposure

AAA 11.07%
AA 7.21%
A 23.00%
BBB 35.66%
BB 2.44%
B 1.16%
Below B 0.19%
    CCC 0.19%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.53%
Not Available 18.72%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
14.10%
Less than 1 Year
14.10%
Intermediate
71.01%
1 to 3 Years
14.13%
3 to 5 Years
15.86%
5 to 10 Years
41.01%
Long Term
13.13%
10 to 20 Years
4.20%
20 to 30 Years
8.41%
Over 30 Years
0.51%
Other
1.77%
As of December 31, 2025
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