Asset Allocation

As of December 31, 2025.
Type % Net
Cash -3.57%
Stock 0.03%
Bond 99.16%
Convertible 0.00%
Preferred 0.00%
Other 4.38%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 51.56%
Corporate 18.73%
Securitized 25.14%
Municipal 2.43%
Other 2.14%
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Region Exposure

% Developed Markets: 94.94%    % Emerging Markets: 19.77%    % Unidentified Markets: -14.71%

Americas 60.27%
55.35%
Canada 4.47%
United States 50.88%
4.91%
Argentina 0.02%
Brazil 1.87%
Chile 0.09%
Mexico 0.03%
Peru 1.25%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 33.59%
United Kingdom 7.43%
19.13%
Belgium 0.70%
Denmark 2.54%
France 4.57%
Germany 0.10%
Ireland 3.04%
Italy 2.34%
Netherlands 0.32%
Norway 0.08%
Spain 4.46%
Switzerland 0.34%
1.79%
Poland 0.27%
5.24%
Israel 0.95%
Qatar 0.08%
Saudi Arabia 1.48%
South Africa 1.80%
United Arab Emirates 0.40%
Greater Asia 20.86%
Japan 4.80%
3.04%
Australia 3.04%
1.86%
Singapore 0.08%
South Korea 1.73%
11.15%
China 8.43%
Kazakhstan 0.05%
Malaysia 1.53%
Thailand 1.15%
Unidentified Region -14.71%

Bond Credit Quality Exposure

AAA 12.38%
AA 31.18%
A 16.39%
BBB 6.12%
BB 3.30%
B 0.44%
Below B 1.43%
    CCC 0.97%
    CC 0.13%
    C 0.12%
    DDD 0.00%
    DD 0.00%
    D 0.21%
Not Rated 0.26%
Not Available 28.51%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.33%
Less than 1 Year
4.33%
Intermediate
46.73%
1 to 3 Years
10.66%
3 to 5 Years
11.64%
5 to 10 Years
24.43%
Long Term
37.99%
10 to 20 Years
7.41%
20 to 30 Years
20.38%
Over 30 Years
10.20%
Other
10.95%
As of December 31, 2025
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