A horizontal stacked bar chart compares broad asset allocation across three portfolios: a 60/40 benchmark, the unconstrained portfolio, and the constrained portfolio. For the benchmark, the allocation is 36% U.S. stocks, 24% international stocks, 28% U.S. bonds, and 12% international bonds. For the unconstrained portfolio, the allocation is 22% U.S. stocks, 18% international stocks, 45% U.S. bonds, and 15% international bonds. For the constrained portfolio, the allocation is 31% U.S. stocks, 25% international stocks, 34% U.S. bonds, and 11% international bonds.