Asset Allocation

As of December 31, 2025.
Type % Net
Cash 6.61%
Stock 0.00%
Bond 91.89%
Convertible 0.00%
Preferred 0.00%
Other 1.51%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 80.66%
Corporate 18.59%
Securitized 0.00%
Municipal 0.55%
Other 0.20%
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Region Exposure

% Developed Markets: 21.04%    % Emerging Markets: 71.72%    % Unidentified Markets: 7.24%

Americas 43.22%
8.28%
Canada 0.36%
United States 7.92%
34.94%
Argentina 2.90%
Brazil 2.13%
Chile 2.78%
Colombia 3.51%
Mexico 5.58%
Peru 1.77%
Venezuela 2.99%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 40.10%
United Kingdom 1.75%
4.05%
Austria 0.11%
Ireland 0.01%
Netherlands 0.83%
Spain 0.24%
10.62%
Czech Republic 0.21%
Poland 1.20%
Turkey 2.87%
23.68%
Egypt 3.02%
Israel 0.48%
Nigeria 2.36%
Qatar 1.10%
Saudi Arabia 2.75%
South Africa 1.91%
United Arab Emirates 2.80%
Greater Asia 9.44%
Japan 0.00%
0.00%
0.31%
Singapore 0.31%
9.13%
Indonesia 2.20%
Kazakhstan 0.29%
Malaysia 0.84%
Pakistan 1.13%
Philippines 0.81%
Unidentified Region 7.24%

Bond Credit Quality Exposure

AAA 0.00%
AA 6.51%
A 7.26%
BBB 24.94%
BB 27.55%
B 16.79%
Below B 9.66%
    CCC 7.20%
    CC 0.00%
    C 1.68%
    DDD 0.00%
    DD 0.00%
    D 0.78%
Not Rated 1.53%
Not Available 5.75%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
7.08%
Less than 1 Year
7.08%
Intermediate
55.24%
1 to 3 Years
8.94%
3 to 5 Years
14.81%
5 to 10 Years
31.50%
Long Term
36.60%
10 to 20 Years
15.23%
20 to 30 Years
18.28%
Over 30 Years
3.09%
Other
1.09%
As of December 31, 2025
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