Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.96%
Stock 0.06%
Bond 96.99%
Convertible 0.00%
Preferred 0.00%
Other 2.00%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 32.93%
Corporate 49.02%
Securitized 16.01%
Municipal 0.44%
Other 1.60%
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Region Exposure

% Developed Markets: 107.9%    % Emerging Markets: 12.79%    % Unidentified Markets: -20.68%

Americas 92.84%
82.19%
Canada 1.53%
United States 80.66%
10.65%
Argentina 0.73%
Brazil 2.48%
Chile 1.26%
Colombia 2.05%
Mexico 2.24%
Peru 0.32%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 24.14%
United Kingdom 4.88%
16.08%
Austria 0.47%
Belgium 1.13%
Denmark 0.55%
Finland 0.18%
France 3.88%
Germany 1.42%
Greece 0.00%
Ireland 0.81%
Italy 0.67%
Netherlands 1.73%
Norway 0.34%
Spain 1.99%
Sweden 0.54%
Switzerland 0.50%
1.29%
Czech Republic 1.01%
Turkey 0.28%
1.88%
Egypt 0.25%
Israel 0.17%
South Africa 1.07%
Greater Asia 3.70%
Japan 0.00%
3.09%
Australia 2.92%
0.52%
Singapore 0.52%
0.10%
Philippines 0.10%
Unidentified Region -20.68%

Bond Credit Quality Exposure

AAA 1.97%
AA 39.93%
A 9.84%
BBB 17.19%
BB 13.34%
B 6.61%
Below B 1.53%
    CCC 1.53%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.40%
Not Available 9.19%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
0.31%
Less than 1 Year
0.31%
Intermediate
49.08%
1 to 3 Years
14.78%
3 to 5 Years
14.49%
5 to 10 Years
19.81%
Long Term
48.70%
10 to 20 Years
8.71%
20 to 30 Years
36.80%
Over 30 Years
3.19%
Other
1.92%
As of December 31, 2025
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