Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.82%
Stock 0.00%
Bond 95.04%
Convertible 0.00%
Preferred 0.00%
Other 2.14%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 88.42%
Corporate 8.37%
Securitized 0.00%
Municipal 0.87%
Other 2.35%
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Region Exposure

% Developed Markets: 12.92%    % Emerging Markets: 82.90%    % Unidentified Markets: 4.18%

Americas 37.61%
6.28%
Canada 0.03%
United States 6.25%
31.34%
Argentina 2.09%
Brazil 3.11%
Chile 1.43%
Colombia 4.79%
Mexico 6.17%
Peru 3.39%
Venezuela 1.68%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 36.77%
United Kingdom 0.44%
1.35%
Ireland 0.07%
Netherlands 0.40%
Spain 0.10%
14.71%
Czech Republic 0.50%
Poland 3.93%
Turkey 3.51%
20.27%
Egypt 2.68%
Israel 0.26%
Nigeria 1.05%
Saudi Arabia 1.54%
South Africa 5.43%
United Arab Emirates 1.20%
Greater Asia 21.44%
Japan 0.00%
0.00%
0.01%
Singapore 0.01%
21.43%
China 1.01%
India 1.77%
Indonesia 6.80%
Kazakhstan 0.84%
Malaysia 5.80%
Pakistan 0.26%
Philippines 1.36%
Thailand 1.26%
Unidentified Region 4.18%

Bond Credit Quality Exposure

AAA 2.26%
AA 4.50%
A 6.97%
BBB 25.01%
BB 23.80%
B 9.17%
Below B 5.56%
    CCC 4.90%
    CC 0.00%
    C 0.33%
    DDD 0.00%
    DD 0.00%
    D 0.32%
Not Rated 1.26%
Not Available 21.47%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
6.51%
Less than 1 Year
6.51%
Intermediate
59.19%
1 to 3 Years
10.35%
3 to 5 Years
16.90%
5 to 10 Years
31.94%
Long Term
34.30%
10 to 20 Years
16.23%
20 to 30 Years
16.56%
Over 30 Years
1.51%
Other
0.00%
As of December 31, 2025
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