Asset Allocation

As of December 31, 2025.
Type % Net
Cash 25.34%
Stock 0.00%
Bond 73.54%
Convertible 0.00%
Preferred 0.00%
Other 1.12%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 70.19%
Corporate 26.65%
Securitized 0.08%
Municipal 0.32%
Other 2.77%
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Region Exposure

% Developed Markets: 90.20%    % Emerging Markets: 7.49%    % Unidentified Markets: 2.31%

Americas 66.28%
62.76%
Canada 44.77%
United States 17.99%
3.52%
Brazil 0.73%
Chile 0.10%
Colombia 0.23%
Mexico 1.95%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 26.65%
United Kingdom 4.60%
18.86%
Denmark 0.06%
France 8.89%
Germany 0.61%
Ireland 0.26%
Italy 5.53%
Netherlands 0.78%
Norway 0.11%
Spain 1.95%
Switzerland 0.11%
2.34%
Poland 0.44%
Turkey 0.60%
0.85%
Egypt 0.06%
South Africa 0.30%
Greater Asia 4.76%
Japan 3.44%
0.59%
Australia 0.31%
0.21%
Singapore 0.21%
0.52%
India 0.12%
Indonesia 0.12%
Unidentified Region 2.31%

Bond Credit Quality Exposure

AAA 3.11%
AA 28.69%
A 29.73%
BBB 15.58%
BB 3.54%
B 0.00%
Below B 0.14%
    CCC 0.14%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.23%
Not Available 18.99%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
15.36%
Less than 1 Year
15.36%
Intermediate
82.12%
1 to 3 Years
34.26%
3 to 5 Years
33.00%
5 to 10 Years
14.86%
Long Term
2.21%
10 to 20 Years
0.66%
20 to 30 Years
1.51%
Over 30 Years
0.04%
Other
0.31%
As of December 31, 2025
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