Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.95%
Stock 0.00%
Bond 98.10%
Convertible 0.00%
Preferred 0.00%
Other 0.95%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 8.09%
Corporate 91.91%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 60.12%    % Emerging Markets: 38.60%    % Unidentified Markets: 1.28%

Americas 21.77%
4.27%
Canada 0.90%
United States 3.37%
17.49%
Argentina 3.93%
Brazil 1.38%
Chile 3.40%
Colombia 1.55%
Mexico 3.14%
Peru 1.84%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 49.51%
United Kingdom 8.74%
20.76%
Austria 1.38%
Netherlands 7.40%
Spain 0.67%
3.94%
Poland 1.22%
Turkey 2.72%
16.07%
Egypt 0.85%
Israel 4.19%
Nigeria 0.29%
United Arab Emirates 6.07%
Greater Asia 27.45%
Japan 0.00%
0.00%
13.83%
Hong Kong 4.18%
Singapore 2.12%
South Korea 3.86%
Taiwan 1.70%
13.62%
China 1.86%
India 6.28%
Indonesia 1.18%
Kazakhstan 1.80%
Malaysia 0.26%
Thailand 2.24%
Unidentified Region 1.28%

Bond Credit Quality Exposure

AAA 0.00%
AA 7.44%
A 6.49%
BBB 31.30%
BB 35.34%
B 16.96%
Below B 2.47%
    CCC 1.86%
    CC 0.00%
    C 0.54%
    DDD 0.00%
    DD 0.00%
    D 0.07%
Not Rated 0.00%
Not Available 0.00%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
4.68%
Less than 1 Year
4.68%
Intermediate
76.88%
1 to 3 Years
9.01%
3 to 5 Years
26.30%
5 to 10 Years
41.57%
Long Term
15.27%
10 to 20 Years
8.18%
20 to 30 Years
6.26%
Over 30 Years
0.83%
Other
3.17%
As of December 31, 2025
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