Asset Allocation

As of October 31, 2025.
Type % Net
Cash -1.16%
Stock 0.00%
Bond 92.12%
Convertible 0.00%
Preferred 0.00%
Other 9.04%
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Bond Sector Exposure

As of October 31, 2025
Type % Net
Government 78.40%
Corporate 19.26%
Securitized 0.00%
Municipal 1.27%
Other 1.08%
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Region Exposure

% Developed Markets: 7.13%    % Emerging Markets: 83.65%    % Unidentified Markets: 9.22%

Americas 30.84%
2.01%
United States 2.01%
28.83%
Argentina 2.59%
Brazil 2.92%
Colombia 3.41%
Mexico 4.97%
Venezuela 0.73%
As of October 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 49.34%
United Kingdom 1.13%
3.05%
Ireland 0.60%
Netherlands 1.01%
13.50%
Turkey 5.27%
31.66%
Egypt 3.77%
Nigeria 2.37%
South Africa 3.37%
Greater Asia 10.61%
Japan 0.00%
0.00%
0.00%
10.61%
China 0.64%
India 1.19%
Kazakhstan 3.43%
Pakistan 1.14%
Unidentified Region 9.22%

Bond Credit Quality Exposure

AAA 2.57%
AA 0.36%
A 0.00%
BBB 15.20%
BB 30.81%
B 21.47%
Below B 15.70%
    CCC 12.28%
    CC 1.69%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 1.73%
Not Rated 1.24%
Not Available 12.65%
Short Term 0.00%
As of October 31, 2025
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Bond Maturity Exposure

Short Term
7.29%
Less than 1 Year
7.29%
Intermediate
65.46%
1 to 3 Years
11.78%
3 to 5 Years
15.74%
5 to 10 Years
37.93%
Long Term
27.24%
10 to 20 Years
8.93%
20 to 30 Years
17.12%
Over 30 Years
1.19%
Other
0.00%
As of October 31, 2025
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