Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.30%
Stock 0.00%
Bond 97.00%
Convertible 0.00%
Preferred 0.00%
Other 2.71%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 67.90%
Corporate 27.75%
Securitized 0.13%
Municipal 3.88%
Other 0.35%
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Region Exposure

% Developed Markets: 88.58%    % Emerging Markets: 8.70%    % Unidentified Markets: 2.72%

Americas 11.35%
9.84%
Canada 6.88%
United States 2.96%
1.51%
Chile 0.23%
Mexico 1.03%
Peru 0.20%
Venezuela 0.04%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 63.89%
United Kingdom 7.98%
53.03%
Austria 1.44%
Belgium 4.42%
Denmark 0.84%
Finland 0.95%
France 11.70%
Germany 9.20%
Greece 0.36%
Ireland 0.69%
Italy 7.50%
Netherlands 3.71%
Norway 0.53%
Portugal 0.69%
Spain 5.45%
Sweden 1.27%
Switzerland 1.50%
2.39%
Czech Republic 0.41%
Poland 0.94%
0.48%
Israel 0.42%
Saudi Arabia 0.02%
United Arab Emirates 0.01%
Greater Asia 22.04%
Japan 10.71%
3.80%
Australia 3.37%
3.18%
Hong Kong 0.04%
Singapore 0.56%
South Korea 2.58%
4.35%
China 1.21%
Indonesia 1.05%
Kazakhstan 0.00%
Malaysia 1.00%
Philippines 0.12%
Thailand 0.97%
Unidentified Region 2.72%

Bond Credit Quality Exposure

AAA 20.83%
AA 16.51%
A 30.05%
BBB 13.41%
BB 0.07%
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 19.06%
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
74.19%
1 to 3 Years
21.50%
3 to 5 Years
20.33%
5 to 10 Years
32.36%
Long Term
25.60%
10 to 20 Years
14.97%
20 to 30 Years
8.77%
Over 30 Years
1.86%
Other
0.21%
As of December 31, 2025
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