Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.55%
Stock 0.00%
Bond 89.08%
Convertible 0.00%
Preferred 0.00%
Other 9.36%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 75.55%
Corporate 18.89%
Securitized 3.51%
Municipal 1.08%
Other 0.97%
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Region Exposure

% Developed Markets: 64.19%    % Emerging Markets: 22.91%    % Unidentified Markets: 12.90%

Americas 20.31%
14.96%
Canada 5.23%
United States 9.73%
5.35%
Brazil 0.54%
Chile 0.86%
Colombia 0.43%
Mexico 1.25%
Peru 0.43%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 38.53%
United Kingdom 8.15%
24.72%
Austria 0.07%
Belgium 1.31%
Denmark 0.14%
France 3.80%
Germany 3.92%
Greece 1.26%
Ireland 1.60%
Italy 5.31%
Netherlands 1.57%
Norway 0.37%
Spain 4.05%
Sweden 0.01%
Switzerland 0.88%
3.74%
Czech Republic 0.53%
Poland 1.35%
Turkey 0.27%
1.93%
Egypt 0.31%
Israel 0.08%
Saudi Arabia 0.02%
South Africa 0.63%
United Arab Emirates 0.02%
Greater Asia 28.26%
Japan 9.24%
2.78%
Australia 2.32%
3.53%
Hong Kong 0.09%
Singapore 0.44%
South Korea 3.01%
12.70%
China 10.52%
India 0.37%
Indonesia 0.58%
Kazakhstan 0.01%
Malaysia 0.77%
Thailand 0.31%
Unidentified Region 12.90%

Bond Credit Quality Exposure

AAA 13.34%
AA 11.01%
A 17.40%
BBB 20.96%
BB 4.42%
B 1.48%
Below B 0.03%
    CCC 0.03%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.12%
Not Available 31.23%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.56%
Less than 1 Year
4.56%
Intermediate
69.78%
1 to 3 Years
12.98%
3 to 5 Years
18.08%
5 to 10 Years
38.72%
Long Term
25.45%
10 to 20 Years
16.35%
20 to 30 Years
8.23%
Over 30 Years
0.87%
Other
0.21%
As of December 31, 2025
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