Asset Allocation

As of June 30, 2025.
Type % Net
Cash -5.41%
Stock 0.10%
Bond 97.96%
Convertible 0.00%
Preferred 0.00%
Other 7.35%
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Bond Sector Exposure

As of June 30, 2025
Type % Net
Government 62.01%
Corporate 29.39%
Securitized 3.15%
Municipal 0.19%
Other 5.26%
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Region Exposure

% Developed Markets: 27.34%    % Emerging Markets: 69.81%    % Unidentified Markets: 2.85%

Americas 42.68%
8.81%
Canada 0.19%
United States 8.61%
33.87%
Argentina 0.88%
Brazil 4.24%
Chile 2.82%
Colombia 3.72%
Mexico 8.70%
Peru 4.77%
Venezuela 0.23%
As of June 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 35.46%
United Kingdom 3.61%
5.04%
Austria 0.10%
Denmark 0.00%
Finland 0.00%
France 0.08%
Germany 0.72%
Ireland 0.37%
Italy 0.16%
Netherlands 0.92%
Norway 0.00%
Spain 0.00%
Sweden 0.00%
Switzerland 0.01%
11.47%
Czech Republic 2.20%
Poland 3.68%
Russia 0.00%
Turkey 2.70%
15.33%
Egypt 1.98%
Israel 1.59%
Nigeria 1.59%
Qatar 0.63%
Saudi Arabia 0.93%
South Africa 4.73%
United Arab Emirates 1.60%
Greater Asia 19.01%
Japan 0.02%
-0.00%
Australia -0.00%
3.63%
Hong Kong 0.91%
Singapore 0.96%
South Korea 1.33%
15.37%
China 1.22%
India 0.80%
Indonesia 2.82%
Kazakhstan 0.61%
Malaysia 4.10%
Pakistan 0.36%
Philippines 2.98%
Thailand 1.29%
Unidentified Region 2.85%

Bond Credit Quality Exposure

AAA 2.23%
AA 8.33%
A 8.51%
BBB 26.59%
BB 23.52%
B 6.41%
Below B 3.14%
    CCC 2.53%
    CC 0.34%
    C 0.12%
    DDD 0.00%
    DD 0.00%
    D 0.15%
Not Rated 1.90%
Not Available 19.36%
Short Term 0.00%
As of June 30, 2025
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Bond Maturity Exposure

Short Term
7.20%
Less than 1 Year
7.20%
Intermediate
58.86%
1 to 3 Years
11.80%
3 to 5 Years
19.34%
5 to 10 Years
27.72%
Long Term
32.89%
10 to 20 Years
19.03%
20 to 30 Years
8.88%
Over 30 Years
4.97%
Other
1.04%
As of June 30, 2025
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