Asset Allocation

As of December 31, 2025.
Type % Net
Cash 8.17%
Stock 0.22%
Bond 90.43%
Convertible 0.00%
Preferred 0.00%
Other 1.17%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 78.19%
Corporate 12.43%
Securitized 4.55%
Municipal 0.54%
Other 4.29%
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Region Exposure

% Developed Markets: 61.37%    % Emerging Markets: 26.62%    % Unidentified Markets: 12.01%

Americas 50.26%
35.52%
Canada 0.39%
United States 35.13%
14.74%
Argentina 0.23%
Brazil 5.54%
Chile 1.67%
Colombia 2.94%
Mexico 4.23%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 23.06%
United Kingdom 8.55%
9.55%
France 0.99%
Germany 5.44%
Italy 0.08%
Netherlands 0.78%
Norway 2.27%
Switzerland -0.01%
3.68%
Turkey 0.17%
1.29%
Egypt 0.47%
Qatar 0.18%
Greater Asia 14.66%
Japan 0.00%
7.31%
0.27%
Hong Kong 0.02%
Singapore 0.25%
7.08%
China 0.26%
India 1.66%
Malaysia 1.34%
Thailand 3.61%
Unidentified Region 12.01%

Bond Credit Quality Exposure

AAA 18.24%
AA 28.07%
A 3.01%
BBB 16.50%
BB 12.53%
B 2.44%
Below B 2.40%
    CCC 2.40%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.06%
Not Available 16.75%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
33.01%
Less than 1 Year
33.01%
Intermediate
41.99%
1 to 3 Years
8.29%
3 to 5 Years
7.11%
5 to 10 Years
26.59%
Long Term
24.73%
10 to 20 Years
5.54%
20 to 30 Years
17.31%
Over 30 Years
1.88%
Other
0.26%
As of December 31, 2025
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