Asset Allocation

As of July 31, 2025.
Type % Net
Cash 8.26%
Stock 8.41%
Bond 81.48%
Convertible 0.00%
Preferred 0.08%
Other 1.77%
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Market Capitalization

Large --
Mid --
Small --
No Data Available
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Region Exposure

% Developed Markets: 24.02%    % Emerging Markets: 68.31%    % Unidentified Markets: 7.67%

Americas 30.09%
11.30%
Canada -0.07%
United States 11.36%
18.80%
Argentina 1.62%
Brazil 1.10%
Chile 0.54%
Colombia -0.05%
Mexico 5.13%
Peru 3.01%
Venezuela 1.92%
As of July 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 37.33%
United Kingdom 1.09%
4.37%
Austria -0.00%
Belgium 0.07%
Finland -0.00%
France -0.02%
Germany -0.01%
Greece 1.02%
Ireland 1.08%
Italy -0.00%
Netherlands 0.27%
Norway -0.00%
Spain -0.00%
Switzerland 0.01%
17.67%
Poland 2.56%
Turkey 2.42%
14.20%
Egypt 6.48%
Nigeria 0.40%
Qatar -0.02%
Saudi Arabia -0.06%
South Africa 1.72%
United Arab Emirates -0.06%
Greater Asia 24.91%
Japan 1.64%
4.44%
Australia -0.05%
1.09%
Hong Kong -0.00%
South Korea 1.09%
17.74%
China 0.02%
India 0.46%
Indonesia -0.07%
Kazakhstan 3.22%
Malaysia -0.03%
Pakistan -0.01%
Philippines 3.85%
Unidentified Region 7.67%

Bond Credit Quality Exposure

AAA 7.08%
AA 0.25%
A 4.93%
BBB 10.26%
BB 16.07%
B 13.26%
Below B 6.85%
    CCC 2.85%
    CC -0.00%
    C 0.44%
    DDD 0.00%
    DD 0.00%
    D 3.57%
Not Rated 2.17%
Not Available 39.14%
Short Term 0.00%
As of July 31, 2025
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Stock Sector Exposure

Cyclical
88.05%
Materials
7.31%
Consumer Discretionary
10.15%
Financials
64.29%
Real Estate
6.31%
Sensitive
16.45%
Communication Services
5.04%
Energy
0.35%
Industrials
7.85%
Information Technology
3.20%
Defensive
3.88%
Consumer Staples
5.00%
Health Care
-0.37%
Utilities
-0.75%
Not Classified
-8.38%
Non Classified Equity
7.21%
Not Classified - Non Equity
-15.59%
As of July 31, 2025
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Bond Sector Exposure

As of July 31, 2025
Type % Net
Government 84.87%
Corporate 4.75%
Securitized 1.18%
Municipal 0.57%
Other 8.64%
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Bond Maturity Exposure

Short Term
7.16%
Less than 1 Year
7.16%
Intermediate
67.48%
1 to 3 Years
15.43%
3 to 5 Years
13.82%
5 to 10 Years
38.23%
Long Term
24.97%
10 to 20 Years
20.15%
20 to 30 Years
5.26%
Over 30 Years
-0.45%
Other
0.39%
As of July 31, 2025
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