Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.09%
Stock 0.00%
Bond 91.60%
Convertible 0.00%
Preferred 0.00%
Other 8.31%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 86.84%
Corporate 13.16%
Securitized 0.00%
Municipal 0.00%
Other 0.00%
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Region Exposure

% Developed Markets: 7.51%    % Emerging Markets: 81.56%    % Unidentified Markets: 10.93%

Americas 40.55%
-0.01%
United States -0.01%
40.57%
Argentina 2.62%
Brazil 3.12%
Chile 5.68%
Colombia 3.19%
Mexico 7.60%
Peru 2.87%
Venezuela 1.24%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 39.28%
United Kingdom 0.45%
2.17%
14.71%
Poland 2.94%
Turkey 4.38%
21.96%
Egypt 2.37%
Nigeria 2.06%
Saudi Arabia 3.16%
South Africa 2.72%
United Arab Emirates 1.23%
Greater Asia 9.23%
Japan 0.00%
0.00%
0.00%
9.23%
India 0.42%
Indonesia 4.42%
Kazakhstan 0.41%
Malaysia 0.83%
Pakistan 0.71%
Philippines 0.95%
Thailand 0.36%
Unidentified Region 10.93%

Bond Credit Quality Exposure

AAA 0.00%
AA 2.24%
A 8.86%
BBB 39.71%
BB 25.85%
B 13.11%
Below B 7.95%
    CCC 6.38%
    CC 0.00%
    C 0.68%
    DDD 0.00%
    DD 0.00%
    D 0.89%
Not Rated 0.68%
Not Available 1.60%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.18%
Less than 1 Year
2.18%
Intermediate
60.17%
1 to 3 Years
8.30%
3 to 5 Years
14.75%
5 to 10 Years
37.12%
Long Term
36.08%
10 to 20 Years
14.34%
20 to 30 Years
16.69%
Over 30 Years
5.05%
Other
1.57%
As of December 31, 2025
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