Asset Allocation

As of December 31, 2025.
Type % Net
Cash 9.77%
Stock 0.00%
Bond 91.10%
Convertible 0.00%
Preferred 0.00%
Other -0.87%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 41.68%
Corporate 56.85%
Securitized 0.00%
Municipal 0.00%
Other 1.48%
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Region Exposure

% Developed Markets: 83.68%    % Emerging Markets: 14.65%    % Unidentified Markets: 1.67%

Americas 33.03%
25.21%
Canada 13.94%
United States 11.27%
7.82%
Colombia 3.86%
Mexico 3.97%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 54.38%
United Kingdom 9.95%
37.95%
Belgium 2.06%
Denmark 1.89%
Finland 0.47%
France 7.98%
Germany 9.88%
Ireland 1.04%
Italy 1.77%
Netherlands 5.02%
Norway 1.00%
Spain 2.84%
Sweden 0.53%
Switzerland 1.88%
5.12%
Poland 0.01%
1.36%
South Africa 1.36%
Greater Asia 10.92%
Japan 8.62%
2.30%
Australia 2.30%
0.00%
0.00%
Unidentified Region 1.67%

Bond Credit Quality Exposure

AAA 13.30%
AA 4.20%
A 19.55%
BBB 43.19%
BB 15.40%
B 0.95%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 3.41%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.26%
Less than 1 Year
6.26%
Intermediate
47.39%
1 to 3 Years
0.83%
3 to 5 Years
8.16%
5 to 10 Years
38.39%
Long Term
36.92%
10 to 20 Years
16.11%
20 to 30 Years
13.74%
Over 30 Years
7.07%
Other
9.44%
As of December 31, 2025
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