Asset Allocation

As of November 30, 2025.
Type % Net
Cash 2.00%
Stock 0.00%
Bond 76.86%
Convertible 0.00%
Preferred 0.00%
Other 21.13%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 84.95%
Corporate 14.61%
Securitized 0.00%
Municipal 0.45%
Other 0.00%
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Region Exposure

% Developed Markets: 7.85%    % Emerging Markets: 69.55%    % Unidentified Markets: 22.60%

Americas 32.69%
1.83%
Canada 0.15%
United States 1.68%
30.86%
Argentina 2.16%
Brazil 1.95%
Chile 2.37%
Colombia 2.99%
Mexico 4.97%
Peru 1.66%
Venezuela 0.92%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 32.79%
United Kingdom 0.78%
0.94%
Netherlands 0.17%
10.25%
Poland 1.36%
Turkey 2.26%
20.83%
Egypt 2.32%
Nigeria 2.01%
Qatar 0.11%
Saudi Arabia 0.91%
South Africa 2.00%
United Arab Emirates 1.71%
Greater Asia 11.91%
Japan 0.00%
0.00%
0.21%
Hong Kong 0.21%
11.70%
India 0.35%
Indonesia 1.58%
Kazakhstan 2.96%
Philippines 0.23%
Unidentified Region 22.60%

Bond Credit Quality Exposure

AAA 0.00%
AA 2.35%
A 5.00%
BBB 28.11%
BB 34.20%
B 17.14%
Below B 6.11%
    CCC 5.66%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.45%
Not Rated 1.20%
Not Available 5.90%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
2.50%
Less than 1 Year
2.50%
Intermediate
53.18%
1 to 3 Years
3.51%
3 to 5 Years
15.96%
5 to 10 Years
33.71%
Long Term
44.12%
10 to 20 Years
20.10%
20 to 30 Years
20.38%
Over 30 Years
3.63%
Other
0.21%
As of November 30, 2025
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