Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.64%
Stock 0.00%
Bond 94.56%
Convertible 0.00%
Preferred 0.00%
Other 1.80%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 82.83%
Corporate 17.17%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 15.66%    % Emerging Markets: 79.17%    % Unidentified Markets: 5.17%

Americas 37.99%
0.67%
United States 0.67%
37.31%
Argentina 2.62%
Brazil 1.58%
Chile 3.14%
Colombia 3.78%
Mexico 8.67%
Peru 2.11%
Venezuela 1.24%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 43.85%
United Kingdom 2.27%
2.98%
Ireland 0.30%
Netherlands 0.41%
15.26%
Poland 1.69%
Turkey 6.32%
23.33%
Egypt 1.73%
Nigeria 1.78%
Saudi Arabia 3.38%
South Africa 1.55%
United Arab Emirates 4.68%
Greater Asia 12.99%
Japan 0.00%
0.00%
0.79%
South Korea 0.79%
12.20%
China 0.10%
India 1.12%
Indonesia 4.79%
Kazakhstan 1.91%
Malaysia 1.50%
Pakistan 0.59%
Philippines 1.11%
Unidentified Region 5.17%

Bond Credit Quality Exposure

AAA 0.00%
AA 3.81%
A 13.73%
BBB 41.91%
BB 21.65%
B 10.33%
Below B 6.05%
    CCC 5.82%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.23%
Not Rated 1.74%
Not Available 0.78%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.54%
Less than 1 Year
2.54%
Intermediate
58.76%
1 to 3 Years
5.98%
3 to 5 Years
13.06%
5 to 10 Years
39.72%
Long Term
38.70%
10 to 20 Years
17.08%
20 to 30 Years
19.03%
Over 30 Years
2.58%
Other
0.00%
As of December 31, 2025
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