Asset Allocation

As of November 30, 2025.
Type % Net
Cash 5.40%
Stock 0.00%
Bond 93.54%
Convertible 0.00%
Preferred 0.00%
Other 1.06%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 78.96%
Corporate 20.19%
Securitized 0.00%
Municipal 0.64%
Other 0.21%
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Region Exposure

% Developed Markets: 22.26%    % Emerging Markets: 72.36%    % Unidentified Markets: 5.38%

Americas 44.45%
8.43%
Canada 0.48%
United States 7.94%
36.03%
Argentina 3.12%
Brazil 2.56%
Chile 3.33%
Colombia 3.78%
Mexico 6.17%
Peru 1.77%
Venezuela 1.67%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 40.35%
United Kingdom 1.76%
4.29%
Austria 0.13%
Ireland 0.00%
Netherlands 1.05%
Spain 0.32%
11.24%
Czech Republic 0.19%
Poland 1.32%
Turkey 3.31%
23.07%
Egypt 2.59%
Israel 0.40%
Nigeria 2.24%
Qatar 1.04%
Saudi Arabia 2.61%
South Africa 1.81%
United Arab Emirates 3.19%
Greater Asia 9.81%
Japan 0.00%
0.00%
0.24%
Hong Kong 0.01%
Singapore 0.23%
9.57%
China 0.01%
India 0.09%
Indonesia 2.21%
Kazakhstan 0.27%
Malaysia 0.74%
Pakistan 1.13%
Philippines 0.91%
Unidentified Region 5.38%

Bond Credit Quality Exposure

AAA 0.00%
AA 7.09%
A 7.26%
BBB 23.63%
BB 30.16%
B 16.33%
Below B 9.17%
    CCC 7.71%
    CC 0.00%
    C 1.05%
    DDD 0.00%
    DD 0.00%
    D 0.41%
Not Rated 1.14%
Not Available 5.22%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
6.23%
Less than 1 Year
6.23%
Intermediate
54.31%
1 to 3 Years
8.53%
3 to 5 Years
14.12%
5 to 10 Years
31.66%
Long Term
38.37%
10 to 20 Years
15.53%
20 to 30 Years
19.80%
Over 30 Years
3.04%
Other
1.09%
As of November 30, 2025
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