Asset Allocation

As of November 30, 2025.
Type % Net
Cash 0.14%
Stock 0.00%
Bond 92.19%
Convertible 0.00%
Preferred 0.00%
Other 7.67%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 80.00%
Corporate 17.75%
Securitized 0.00%
Municipal 1.22%
Other 1.03%
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Region Exposure

% Developed Markets: 7.10%    % Emerging Markets: 84.89%    % Unidentified Markets: 8.01%

Americas 30.38%
2.76%
United States 2.76%
27.62%
Argentina 2.60%
Brazil 2.99%
Colombia 4.00%
Mexico 4.71%
Venezuela 0.72%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 50.65%
United Kingdom 1.28%
2.15%
Ireland 0.57%
Netherlands 0.20%
14.24%
Turkey 5.06%
32.99%
Egypt 3.57%
Nigeria 3.06%
South Africa 3.34%
Greater Asia 10.96%
Japan 0.00%
0.00%
0.00%
10.96%
China 0.60%
India 1.39%
Kazakhstan 3.60%
Pakistan 1.07%
Unidentified Region 8.01%

Bond Credit Quality Exposure

AAA 2.43%
AA 0.35%
A 0.00%
BBB 14.98%
BB 31.10%
B 22.69%
Below B 14.55%
    CCC 10.36%
    CC 1.63%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 2.55%
Not Rated 1.20%
Not Available 12.71%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
7.45%
Less than 1 Year
7.45%
Intermediate
66.77%
1 to 3 Years
10.06%
3 to 5 Years
16.73%
5 to 10 Years
39.98%
Long Term
25.78%
10 to 20 Years
7.86%
20 to 30 Years
16.77%
Over 30 Years
1.15%
Other
0.00%
As of November 30, 2025
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