Asset Allocation

As of November 30, 2025.
Type % Net
Cash 10.87%
Stock 0.00%
Bond 87.32%
Convertible 0.00%
Preferred 0.00%
Other 1.81%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 85.74%
Corporate 8.44%
Securitized 0.00%
Municipal 0.00%
Other 5.82%
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Region Exposure

% Developed Markets: 41.89%    % Emerging Markets: 51.21%    % Unidentified Markets: 6.90%

Americas 39.08%
17.73%
Canada 2.23%
United States 15.50%
21.35%
Brazil 8.77%
Colombia 3.18%
Mexico 4.08%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 19.96%
United Kingdom 0.00%
9.40%
Greece 1.15%
Norway 3.75%
Spain 3.43%
Switzerland 0.15%
0.00%
10.56%
Egypt 2.97%
South Africa 7.14%
Greater Asia 34.06%
Japan 0.00%
6.58%
Australia 6.58%
8.18%
South Korea 8.18%
19.29%
India 3.85%
Kazakhstan 2.63%
Malaysia 9.06%
Philippines 3.70%
Thailand 0.05%
Unidentified Region 6.90%

Bond Credit Quality Exposure

AAA 20.28%
AA 11.34%
A 0.00%
BBB 16.34%
BB 24.14%
B 3.46%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 24.44%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
25.52%
Less than 1 Year
25.52%
Intermediate
48.49%
1 to 3 Years
8.72%
3 to 5 Years
5.38%
5 to 10 Years
34.39%
Long Term
20.16%
10 to 20 Years
16.07%
20 to 30 Years
1.31%
Over 30 Years
2.79%
Other
5.82%
As of November 30, 2025
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