Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.97%
Stock 0.00%
Bond 99.71%
Convertible 0.00%
Preferred 0.00%
Other -2.68%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 38.20%
Corporate 48.53%
Securitized 10.82%
Municipal 2.25%
Other 0.21%
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Region Exposure

% Developed Markets: 95.57%    % Emerging Markets: 4.10%    % Unidentified Markets: 0.33%

Americas 49.97%
48.62%
Canada 5.52%
United States 43.10%
1.36%
Chile 0.21%
Mexico 0.50%
Peru 0.22%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 34.55%
United Kingdom 5.52%
27.56%
Austria 0.56%
Belgium 3.09%
Denmark 1.19%
Finland 0.29%
France 4.65%
Germany 4.53%
Greece 1.13%
Ireland 0.71%
Italy 2.05%
Netherlands 1.63%
Norway 0.57%
Spain 2.72%
Sweden 1.82%
Switzerland 0.62%
0.94%
Czech Republic 0.23%
Poland 0.37%
0.53%
Saudi Arabia 0.19%
United Arab Emirates 0.06%
Greater Asia 15.15%
Japan 8.47%
3.97%
Australia 3.34%
1.15%
Hong Kong 0.51%
Singapore 0.43%
South Korea 0.21%
1.56%
China 0.16%
Indonesia 0.08%
Malaysia 0.37%
Philippines 0.58%
Thailand 0.37%
Unidentified Region 0.33%

Bond Credit Quality Exposure

AAA 14.92%
AA 16.27%
A 18.38%
BBB 24.15%
BB 9.16%
B 0.64%
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 16.48%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.22%
Less than 1 Year
6.22%
Intermediate
65.50%
1 to 3 Years
20.16%
3 to 5 Years
20.52%
5 to 10 Years
24.82%
Long Term
28.20%
10 to 20 Years
10.12%
20 to 30 Years
16.62%
Over 30 Years
1.45%
Other
0.09%
As of December 31, 2025
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