Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.00%
Stock 0.09%
Bond 96.29%
Convertible 0.00%
Preferred 0.01%
Other 1.60%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 42.51%
Corporate 40.32%
Securitized 13.56%
Municipal 1.30%
Other 2.31%
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Region Exposure

% Developed Markets: 65.34%    % Emerging Markets: 27.29%    % Unidentified Markets: 7.36%

Americas 39.37%
32.32%
Canada 1.49%
United States 30.83%
7.05%
Brazil 0.23%
Chile 0.22%
Colombia 1.58%
Mexico 1.52%
Venezuela 0.22%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 27.59%
United Kingdom 3.94%
13.43%
Austria 0.43%
Belgium 0.64%
Denmark 0.64%
France 1.60%
Germany 1.69%
Ireland 0.62%
Italy 0.60%
Netherlands 3.27%
Spain 0.78%
Sweden 0.30%
Switzerland 0.29%
6.71%
Czech Republic 2.20%
Poland 0.93%
Turkey 0.23%
3.51%
Egypt 0.89%
Nigeria 0.51%
United Arab Emirates 0.38%
Greater Asia 25.67%
Japan 5.27%
5.21%
Australia 0.47%
2.84%
Hong Kong 0.68%
Singapore 0.40%
South Korea 1.18%
12.35%
China 1.44%
India 0.93%
Indonesia 2.00%
Kazakhstan 0.77%
Malaysia 3.54%
Philippines 1.48%
Thailand 0.07%
Unidentified Region 7.36%

Bond Credit Quality Exposure

AAA 14.51%
AA 11.63%
A 13.64%
BBB 27.46%
BB 12.71%
B 3.84%
Below B 0.96%
    CCC 0.96%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.63%
Not Available 14.62%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
5.59%
Less than 1 Year
5.59%
Intermediate
72.79%
1 to 3 Years
16.13%
3 to 5 Years
24.86%
5 to 10 Years
31.79%
Long Term
20.09%
10 to 20 Years
10.56%
20 to 30 Years
7.44%
Over 30 Years
2.10%
Other
1.53%
As of December 31, 2025
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