Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.54%
Stock 0.00%
Bond 94.20%
Convertible 0.00%
Preferred 0.00%
Other 5.26%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 95.03%
Corporate 4.91%
Securitized 0.00%
Municipal 0.05%
Other 0.00%
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Region Exposure

% Developed Markets: 9.46%    % Emerging Markets: 85.29%    % Unidentified Markets: 5.25%

Americas 44.58%
5.16%
United States 5.16%
39.41%
Argentina 4.22%
Brazil 2.63%
Chile 1.68%
Colombia 0.56%
Mexico 9.34%
Peru 3.02%
Venezuela 0.49%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 37.70%
United Kingdom 0.97%
1.23%
Netherlands 0.35%
16.72%
Czech Republic -0.02%
Poland -0.00%
Turkey 3.29%
18.78%
Egypt 2.56%
Israel 0.81%
Nigeria 3.03%
Saudi Arabia 0.52%
South Africa 2.79%
United Arab Emirates 0.06%
Greater Asia 12.48%
Japan 0.00%
0.00%
0.65%
Hong Kong 0.65%
11.83%
Indonesia 4.09%
Kazakhstan 2.39%
Malaysia 0.90%
Pakistan 0.39%
Unidentified Region 5.25%

Bond Credit Quality Exposure

AAA 0.13%
AA 6.72%
A 5.89%
BBB 39.34%
BB 28.35%
B 9.72%
Below B 9.26%
    CCC 8.94%
    CC 0.00%
    C 0.11%
    DDD 0.00%
    DD 0.00%
    D 0.21%
Not Rated 0.41%
Not Available 0.18%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.59%
Less than 1 Year
2.59%
Intermediate
73.10%
1 to 3 Years
8.36%
3 to 5 Years
26.86%
5 to 10 Years
37.88%
Long Term
24.31%
10 to 20 Years
10.46%
20 to 30 Years
12.30%
Over 30 Years
1.55%
Other
0.00%
As of December 31, 2025
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