Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.28%
Stock 0.00%
Bond 97.58%
Convertible 0.00%
Preferred 0.00%
Other 2.14%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 22.22%
Corporate 76.73%
Securitized 0.02%
Municipal 0.24%
Other 0.79%
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Region Exposure

% Developed Markets: 88.57%    % Emerging Markets: 9.17%    % Unidentified Markets: 2.26%

Americas 49.51%
46.01%
Canada 1.70%
United States 44.31%
3.50%
Brazil 0.04%
Chile 0.11%
Mexico 1.42%
Peru 0.20%
Venezuela 0.18%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 36.40%
United Kingdom 6.94%
25.01%
Austria 2.18%
Belgium 3.06%
Denmark 0.02%
France 3.83%
Germany 4.82%
Greece 0.43%
Ireland 0.75%
Italy 1.27%
Netherlands 2.91%
Norway 0.95%
Portugal 0.14%
Spain 0.94%
Switzerland 0.85%
3.63%
Poland 0.00%
Turkey 0.07%
0.83%
Egypt 0.03%
Israel 0.14%
Nigeria 0.03%
South Africa 0.10%
Greater Asia 11.83%
Japan 0.66%
8.93%
Australia 8.93%
0.20%
Hong Kong 0.00%
Singapore 0.08%
South Korea 0.10%
2.04%
Indonesia 1.05%
Kazakhstan 0.31%
Malaysia 0.14%
Philippines 0.10%
Unidentified Region 2.26%

Bond Credit Quality Exposure

AAA 3.39%
AA 11.93%
A 24.89%
BBB 56.09%
BB 2.99%
B 0.35%
Below B 0.03%
    CCC 0.03%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 0.34%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
1.61%
Less than 1 Year
1.61%
Intermediate
69.97%
1 to 3 Years
12.13%
3 to 5 Years
24.75%
5 to 10 Years
33.09%
Long Term
27.65%
10 to 20 Years
15.30%
20 to 30 Years
10.07%
Over 30 Years
2.28%
Other
0.77%
As of December 31, 2025
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