Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.60%
Stock 0.00%
Bond 98.07%
Convertible 0.00%
Preferred 0.00%
Other 0.33%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 64.52%
Corporate 23.48%
Securitized 9.76%
Municipal 1.90%
Other 0.35%
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Region Exposure

% Developed Markets: 83.94%    % Emerging Markets: 14.79%    % Unidentified Markets: 1.27%

Americas 43.99%
42.96%
Canada 3.91%
United States 39.05%
1.03%
Brazil 0.01%
Chile 0.13%
Colombia 0.00%
Mexico 0.62%
Peru 0.13%
Venezuela 0.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 32.23%
United Kingdom 4.71%
26.04%
Austria 0.71%
Belgium 2.04%
Denmark 0.39%
Finland 0.46%
France 5.66%
Germany 4.72%
Greece 0.18%
Ireland 0.40%
Italy 3.32%
Netherlands 2.01%
Norway 0.31%
Portugal 0.32%
Spain 2.56%
Sweden 0.72%
Switzerland 0.74%
1.18%
Czech Republic 0.22%
Poland 0.47%
Russia 0.00%
0.30%
Israel 0.24%
Saudi Arabia 0.01%
South Africa 0.00%
United Arab Emirates 0.01%
Greater Asia 22.51%
Japan 6.51%
1.95%
Australia 1.71%
1.64%
Hong Kong 0.03%
Singapore 0.32%
South Korea 1.29%
12.40%
China 10.74%
Indonesia 0.53%
Kazakhstan 0.00%
Malaysia 0.50%
Philippines 0.19%
Thailand 0.45%
Unidentified Region 1.27%

Bond Credit Quality Exposure

AAA 11.85%
AA 30.51%
A 20.24%
BBB 11.74%
BB 0.10%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.04%
Not Available 25.52%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.89%
Less than 1 Year
0.89%
Intermediate
68.36%
1 to 3 Years
21.05%
3 to 5 Years
19.96%
5 to 10 Years
27.36%
Long Term
30.67%
10 to 20 Years
11.58%
20 to 30 Years
17.51%
Over 30 Years
1.58%
Other
0.09%
As of December 31, 2025
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