Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.76%
Stock 0.00%
Bond 94.00%
Convertible 0.00%
Preferred 0.00%
Other 5.23%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 64.08%
Corporate 33.98%
Securitized 0.00%
Municipal 0.00%
Other 1.94%
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Region Exposure

% Developed Markets: 13.59%    % Emerging Markets: 80.38%    % Unidentified Markets: 6.03%

Americas 30.58%
2.12%
Canada 0.69%
United States 1.43%
28.46%
Argentina 1.14%
Brazil 2.58%
Chile 2.22%
Colombia 4.71%
Mexico 11.58%
Peru 1.96%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 29.13%
United Kingdom 3.69%
5.31%
Netherlands 1.75%
13.65%
Czech Republic 4.22%
Poland 3.13%
Turkey 1.26%
6.48%
Israel 0.44%
South Africa 5.35%
United Arab Emirates 0.69%
Greater Asia 34.26%
Japan 0.00%
0.00%
0.58%
Hong Kong 0.58%
33.68%
China 5.80%
India 4.99%
Indonesia 5.48%
Kazakhstan 0.53%
Malaysia 9.20%
Philippines 0.75%
Thailand 5.84%
Unidentified Region 6.03%

Bond Credit Quality Exposure

AAA 2.38%
AA 4.23%
A 6.28%
BBB 27.70%
BB 27.79%
B 4.16%
Below B 0.60%
    CCC 0.60%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.07%
Not Available 26.80%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.56%
Less than 1 Year
6.56%
Intermediate
69.96%
1 to 3 Years
18.21%
3 to 5 Years
16.83%
5 to 10 Years
34.93%
Long Term
22.76%
10 to 20 Years
17.39%
20 to 30 Years
5.37%
Over 30 Years
0.00%
Other
0.72%
As of December 31, 2025
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