Asset Allocation

As of May 31, 2025.
Type % Net
Cash 3.75%
Stock 0.00%
Bond 86.95%
Convertible 0.00%
Preferred 0.00%
Other 9.29%
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Bond Sector Exposure

As of May 31, 2025
Type % Net
Government 74.81%
Corporate 25.04%
Securitized 0.00%
Municipal 0.14%
Other 0.00%
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Region Exposure

% Developed Markets: 18.06%    % Emerging Markets: 80.93%    % Unidentified Markets: 1.01%

Americas 29.47%
5.70%
Canada 0.24%
United States 5.46%
23.77%
Argentina 1.84%
Brazil 3.11%
Chile 2.68%
Colombia 3.35%
Mexico 3.07%
Peru 1.85%
Venezuela 0.55%
As of May 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 34.51%
United Kingdom 2.59%
2.61%
Austria 0.17%
Ireland 0.21%
Netherlands 0.78%
12.32%
Czech Republic 1.41%
Poland 3.82%
Russia 0.01%
Turkey 3.26%
16.99%
Egypt 1.84%
Israel 0.33%
Nigeria 1.31%
Qatar 0.32%
Saudi Arabia 0.94%
South Africa 4.88%
United Arab Emirates 0.97%
Greater Asia 35.01%
Japan 0.00%
0.00%
3.54%
Hong Kong 1.41%
Singapore 0.58%
South Korea 1.04%
31.47%
China 6.60%
India 5.95%
Indonesia 8.07%
Kazakhstan 0.72%
Malaysia 3.65%
Philippines 1.43%
Thailand 2.69%
Unidentified Region 1.01%

Bond Credit Quality Exposure

AAA 2.19%
AA 3.73%
A 8.46%
BBB 17.10%
BB 24.78%
B 10.14%
Below B 4.73%
    CCC 4.36%
    CC 0.30%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.06%
Not Rated 0.58%
Not Available 28.30%
Short Term 0.00%
As of May 31, 2025
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Bond Maturity Exposure

Short Term
2.90%
Less than 1 Year
2.90%
Intermediate
60.67%
1 to 3 Years
6.03%
3 to 5 Years
18.51%
5 to 10 Years
36.13%
Long Term
35.01%
10 to 20 Years
21.92%
20 to 30 Years
12.10%
Over 30 Years
0.98%
Other
1.43%
As of May 31, 2025
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