Asset Allocation

As of December 31, 2025.
Type % Net
Cash -14.96%
Stock 0.00%
Bond 110.4%
Convertible 0.00%
Preferred 0.00%
Other 4.58%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 62.99%
Corporate 23.31%
Securitized 1.35%
Municipal 0.86%
Other 11.49%
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Region Exposure

% Developed Markets: 20.03%    % Emerging Markets: 77.09%    % Unidentified Markets: 2.88%

Americas 52.51%
1.84%
Canada -0.04%
United States 1.88%
50.67%
Argentina 3.03%
Brazil 4.34%
Colombia 16.55%
Mexico 3.62%
Peru 6.55%
Venezuela 0.68%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 36.22%
United Kingdom 2.87%
9.49%
Denmark 0.01%
Finland 0.00%
France 0.01%
Germany 0.01%
Ireland 1.74%
Italy 0.42%
Netherlands 2.44%
Norway 0.00%
Sweden 0.03%
Switzerland 0.00%
7.95%
Czech Republic 0.21%
Poland 0.36%
Turkey 1.17%
15.91%
Egypt 1.69%
Nigeria 0.94%
Saudi Arabia 0.91%
South Africa 3.41%
United Arab Emirates 1.22%
Greater Asia 8.40%
Japan 0.01%
0.01%
Australia 0.01%
2.44%
Hong Kong 0.52%
Singapore 1.91%
5.94%
China 0.70%
India 1.42%
Kazakhstan 1.43%
Pakistan 0.35%
Philippines 0.00%
Unidentified Region 2.88%

Bond Credit Quality Exposure

AAA 0.51%
AA 1.55%
A 5.96%
BBB 22.81%
BB 37.98%
B 9.59%
Below B 4.47%
    CCC 4.10%
    CC 0.00%
    C 0.37%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.72%
Not Available 14.42%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
11.53%
Less than 1 Year
11.53%
Intermediate
53.15%
1 to 3 Years
11.57%
3 to 5 Years
14.00%
5 to 10 Years
27.59%
Long Term
33.59%
10 to 20 Years
22.93%
20 to 30 Years
8.17%
Over 30 Years
2.49%
Other
1.73%
As of December 31, 2025
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