Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.29%
Stock 0.52%
Bond 96.19%
Convertible 0.00%
Preferred 0.00%
Other -0.01%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 8.37%
Corporate 91.63%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 49.13%    % Emerging Markets: 46.82%    % Unidentified Markets: 4.05%

Americas 35.72%
6.93%
Canada 1.64%
United States 5.30%
28.79%
Argentina 5.40%
Brazil 1.01%
Chile 3.04%
Colombia 2.21%
Mexico 5.69%
Peru 2.01%
Venezuela 0.89%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 35.25%
United Kingdom 5.56%
12.80%
Austria 0.66%
Netherlands 5.12%
6.51%
Poland 1.37%
Turkey 4.02%
10.39%
Israel 0.78%
Nigeria 2.08%
Saudi Arabia 0.65%
United Arab Emirates 1.97%
Greater Asia 24.98%
Japan 0.00%
0.36%
Australia 0.36%
12.34%
Hong Kong 5.23%
Singapore 1.32%
South Korea 3.66%
Taiwan 0.37%
12.28%
China 0.95%
India 3.42%
Indonesia 2.24%
Kazakhstan 1.24%
Malaysia 1.34%
Philippines 1.07%
Thailand 0.79%
Unidentified Region 4.05%

Bond Credit Quality Exposure

AAA 0.00%
AA 4.36%
A 11.67%
BBB 33.14%
BB 30.79%
B 15.70%
Below B 1.53%
    CCC 1.53%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 2.81%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.98%
Less than 1 Year
2.98%
Intermediate
73.52%
1 to 3 Years
4.19%
3 to 5 Years
25.93%
5 to 10 Years
43.41%
Long Term
16.59%
10 to 20 Years
8.45%
20 to 30 Years
7.09%
Over 30 Years
1.05%
Other
6.90%
As of December 31, 2025
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