Asset Allocation

As of November 30, 2025.
Type % Net
Cash 1.58%
Stock 1.50%
Bond 96.59%
Convertible 0.03%
Preferred 0.04%
Other 0.26%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 38.04%
Corporate 58.40%
Securitized 0.54%
Municipal 0.06%
Other 2.97%
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Region Exposure

% Developed Markets: 60.03%    % Emerging Markets: 35.65%    % Unidentified Markets: 4.32%

Americas 65.17%
52.31%
Canada 1.83%
United States 50.48%
12.85%
Argentina 0.87%
Brazil 2.87%
Chile 0.90%
Colombia 1.83%
Mexico 2.32%
Peru 0.44%
Venezuela 0.39%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 20.68%
United Kingdom 1.57%
2.88%
Belgium 0.11%
France 0.03%
Germany 0.32%
Ireland 0.12%
Italy 0.07%
Netherlands 1.01%
Norway 0.07%
Spain 0.33%
Sweden 0.11%
Switzerland 0.01%
7.71%
Czech Republic 1.09%
Poland 1.76%
Turkey 1.78%
8.52%
Egypt 1.34%
Israel 0.06%
Nigeria 0.78%
Saudi Arabia 1.03%
South Africa 2.08%
United Arab Emirates 0.57%
Greater Asia 9.83%
Japan 0.53%
0.50%
Australia 0.50%
0.41%
Singapore 0.39%
Taiwan 0.02%
8.40%
China 0.89%
India 1.96%
Indonesia 1.41%
Kazakhstan 0.11%
Malaysia 1.77%
Philippines 0.64%
Thailand 1.19%
Unidentified Region 4.32%

Bond Credit Quality Exposure

AAA 0.06%
AA 5.06%
A 13.30%
BBB 19.86%
BB 30.16%
B 12.29%
Below B 5.64%
    CCC 5.15%
    CC 0.01%
    C 0.29%
    DDD 0.00%
    DD 0.00%
    D 0.19%
Not Rated 0.19%
Not Available 13.44%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
4.82%
Less than 1 Year
4.82%
Intermediate
69.82%
1 to 3 Years
6.82%
3 to 5 Years
20.22%
5 to 10 Years
42.77%
Long Term
24.57%
10 to 20 Years
12.82%
20 to 30 Years
9.51%
Over 30 Years
2.23%
Other
0.79%
As of November 30, 2025
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