Asset Allocation

As of June 30, 2025.
Type % Net
Cash -11.28%
Stock 0.00%
Bond 109.6%
Convertible 0.00%
Preferred 0.00%
Other 1.70%
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Bond Sector Exposure

As of June 30, 2025
Type % Net
Government 54.47%
Corporate 28.96%
Securitized 1.16%
Municipal 0.23%
Other 15.17%
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Region Exposure

% Developed Markets: 20.39%    % Emerging Markets: 72.78%    % Unidentified Markets: 6.83%

Americas 41.58%
1.07%
Canada -1.03%
United States 2.10%
40.51%
Brazil 1.81%
Chile 0.68%
Colombia 7.24%
Mexico 5.24%
Peru 5.82%
Venezuela 0.45%
As of June 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 42.96%
United Kingdom 3.00%
11.39%
Denmark 0.00%
Finland 0.00%
France 0.04%
Ireland 2.10%
Italy 0.51%
Netherlands 4.50%
Norway 0.00%
Spain 0.00%
Sweden 0.00%
Switzerland 0.02%
6.45%
Czech Republic 0.24%
Poland 0.79%
Turkey 1.42%
22.11%
Egypt 3.53%
Nigeria 3.26%
Saudi Arabia 1.96%
South Africa 1.22%
United Arab Emirates 1.98%
Greater Asia 8.63%
Japan 0.04%
-0.00%
Australia -0.00%
1.64%
Singapore 1.64%
South Korea 0.00%
6.95%
India 1.57%
Indonesia 0.41%
Kazakhstan 1.55%
Pakistan 0.67%
Philippines 0.01%
Unidentified Region 6.83%

Bond Credit Quality Exposure

AAA 0.28%
AA 0.80%
A 4.97%
BBB 22.63%
BB 30.78%
B 16.95%
Below B 0.37%
    CCC 0.11%
    CC 0.00%
    C 0.25%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 3.75%
Not Available 19.47%
Short Term 0.00%
As of June 30, 2025
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Bond Maturity Exposure

Short Term
13.60%
Less than 1 Year
13.60%
Intermediate
43.56%
1 to 3 Years
12.28%
3 to 5 Years
9.54%
5 to 10 Years
21.74%
Long Term
41.18%
10 to 20 Years
24.64%
20 to 30 Years
12.87%
Over 30 Years
3.67%
Other
1.66%
As of June 30, 2025
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