Asset Allocation

As of December 31, 2025.
Type % Net
Cash -1.06%
Stock 0.03%
Bond 94.55%
Convertible 0.00%
Preferred 0.00%
Other 6.47%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 68.77%
Corporate 24.36%
Securitized 1.22%
Municipal 0.56%
Other 5.10%
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Region Exposure

% Developed Markets: 21.24%    % Emerging Markets: 72.84%    % Unidentified Markets: 5.92%

Americas 49.75%
7.79%
Canada 0.58%
United States 7.21%
41.96%
Argentina 1.38%
Brazil 3.36%
Chile 2.70%
Colombia 15.69%
Mexico 6.91%
Peru 4.76%
Venezuela 0.11%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 29.02%
United Kingdom 2.54%
3.98%
Austria 0.08%
Denmark 0.00%
Finland 0.00%
France 0.01%
Germany 0.34%
Ireland 0.17%
Italy 0.08%
Netherlands 0.71%
Norway 0.00%
Spain 0.12%
Sweden 0.02%
Switzerland 0.00%
10.49%
Czech Republic 1.98%
Poland 2.69%
Russia 0.00%
Turkey 1.79%
12.01%
Egypt 0.95%
Israel 0.52%
Nigeria 0.60%
Qatar 0.19%
Saudi Arabia 0.74%
South Africa 5.47%
United Arab Emirates 1.08%
Greater Asia 15.31%
Japan 0.01%
0.01%
Australia 0.01%
2.07%
Hong Kong 0.47%
Singapore 0.43%
South Korea 0.66%
13.23%
China 1.59%
India 0.76%
Indonesia 2.69%
Kazakhstan 0.93%
Malaysia 3.55%
Pakistan 0.05%
Philippines 2.25%
Thailand 0.77%
Unidentified Region 5.92%

Bond Credit Quality Exposure

AAA 0.76%
AA 7.64%
A 4.80%
BBB 21.93%
BB 34.43%
B 5.87%
Below B 3.35%
    CCC 3.20%
    CC 0.02%
    C 0.04%
    DDD 0.00%
    DD 0.00%
    D 0.09%
Not Rated 0.94%
Not Available 20.29%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.61%
Less than 1 Year
6.61%
Intermediate
64.38%
1 to 3 Years
11.11%
3 to 5 Years
20.90%
5 to 10 Years
32.37%
Long Term
28.01%
10 to 20 Years
17.56%
20 to 30 Years
5.78%
Over 30 Years
4.67%
Other
1.00%
As of December 31, 2025
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