Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.31%
Stock 0.00%
Bond 96.44%
Convertible 0.00%
Preferred 0.00%
Other 3.25%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 68.06%
Corporate 27.62%
Securitized 0.17%
Municipal 3.79%
Other 0.37%
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Region Exposure

% Developed Markets: 88.07%    % Emerging Markets: 8.64%    % Unidentified Markets: 3.28%

Americas 11.33%
9.80%
Canada 6.83%
United States 2.97%
1.53%
Chile 0.23%
Mexico 1.04%
Peru 0.20%
Venezuela 0.05%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 63.37%
United Kingdom 7.96%
52.51%
Austria 1.45%
Belgium 4.40%
Denmark 0.81%
Finland 0.87%
France 11.74%
Germany 8.93%
Greece 0.39%
Ireland 0.73%
Italy 7.58%
Netherlands 3.68%
Norway 0.55%
Portugal 0.70%
Spain 5.26%
Sweden 1.27%
Switzerland 1.41%
2.43%
Czech Republic 0.40%
Poland 1.01%
0.47%
Israel 0.42%
Saudi Arabia 0.02%
United Arab Emirates 0.00%
Greater Asia 22.02%
Japan 10.74%
3.82%
Australia 3.41%
3.19%
Hong Kong 0.04%
Singapore 0.55%
South Korea 2.60%
4.26%
China 1.17%
Indonesia 1.02%
Kazakhstan 0.00%
Malaysia 0.98%
Philippines 0.13%
Thailand 0.97%
Unidentified Region 3.28%

Bond Credit Quality Exposure

AAA 20.59%
AA 16.50%
A 30.18%
BBB 13.41%
BB 0.06%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.07%
Not Available 19.18%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
74.27%
1 to 3 Years
21.17%
3 to 5 Years
20.66%
5 to 10 Years
32.44%
Long Term
25.52%
10 to 20 Years
14.90%
20 to 30 Years
8.80%
Over 30 Years
1.82%
Other
0.20%
As of December 31, 2025
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