Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.09%
Stock 0.70%
Bond 95.44%
Convertible 0.00%
Preferred 0.00%
Other 1.77%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 50.72%
Corporate 21.49%
Securitized 25.54%
Municipal 0.24%
Other 2.00%
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Region Exposure

% Developed Markets: 97.32%    % Emerging Markets: 25.71%    % Unidentified Markets: -23.03%

Americas 75.21%
64.75%
Canada 3.36%
United States 61.39%
10.47%
Argentina 0.02%
Chile 1.79%
Colombia 4.08%
Mexico 0.55%
Peru 2.15%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 31.92%
United Kingdom 5.12%
14.59%
Belgium 0.61%
Denmark 0.51%
France 4.72%
Ireland 2.05%
Italy 2.44%
Netherlands 1.11%
Norway 0.14%
Spain 1.52%
Switzerland 0.50%
4.62%
Czech Republic 0.16%
Poland 0.40%
7.59%
Israel 0.75%
Qatar 0.10%
Saudi Arabia 2.12%
South Africa 3.43%
United Arab Emirates 0.17%
Greater Asia 15.89%
Japan 6.43%
2.48%
Australia 2.37%
1.70%
Singapore 0.56%
South Korea 0.98%
5.28%
China 2.53%
India 0.17%
Indonesia 0.35%
Kazakhstan 0.28%
Malaysia 0.86%
Philippines 0.71%
Thailand 0.38%
Unidentified Region -23.03%

Bond Credit Quality Exposure

AAA 10.85%
AA 34.58%
A 15.80%
BBB 10.09%
BB 6.83%
B 0.55%
Below B 2.48%
    CCC 2.12%
    CC 0.12%
    C 0.24%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.09%
Not Available 17.73%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.60%
Less than 1 Year
2.60%
Intermediate
46.96%
1 to 3 Years
7.67%
3 to 5 Years
17.12%
5 to 10 Years
22.17%
Long Term
42.26%
10 to 20 Years
9.11%
20 to 30 Years
10.26%
Over 30 Years
22.89%
Other
8.18%
As of December 31, 2025
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