Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.19%
Stock 0.00%
Bond 94.80%
Convertible 0.00%
Preferred 0.00%
Other 5.01%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 58.63%
Corporate 39.25%
Securitized 0.00%
Municipal 0.48%
Other 1.64%
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Region Exposure

% Developed Markets: 27.87%    % Emerging Markets: 66.15%    % Unidentified Markets: 5.98%

Americas 34.72%
4.55%
Canada 1.00%
United States 3.56%
30.17%
Argentina 1.43%
Brazil 4.65%
Chile 2.41%
Colombia 2.11%
Mexico 7.03%
Peru 0.44%
Venezuela 0.34%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 39.92%
United Kingdom 2.20%
5.10%
Netherlands 2.37%
11.05%
Czech Republic 1.78%
Poland 3.64%
Turkey 1.81%
21.57%
Egypt 0.85%
Nigeria 0.60%
Qatar 2.55%
Saudi Arabia 2.82%
South Africa 3.63%
United Arab Emirates 4.69%
Greater Asia 19.38%
Japan 0.00%
0.00%
3.97%
Hong Kong 2.26%
South Korea 1.71%
15.41%
China 0.13%
India 1.80%
Indonesia 2.41%
Kazakhstan 0.97%
Malaysia 1.64%
Pakistan 0.34%
Philippines 1.49%
Thailand 3.34%
Unidentified Region 5.98%

Bond Credit Quality Exposure

AAA 0.00%
AA 9.39%
A 15.12%
BBB 31.24%
BB 23.04%
B 8.69%
Below B 2.78%
    CCC 2.78%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.42%
Not Available 9.30%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.04%
Less than 1 Year
6.04%
Intermediate
52.61%
1 to 3 Years
7.46%
3 to 5 Years
8.93%
5 to 10 Years
36.22%
Long Term
36.97%
10 to 20 Years
17.25%
20 to 30 Years
14.01%
Over 30 Years
5.71%
Other
4.37%
As of December 31, 2025
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