Asset Allocation

As of November 30, 2025.
Type % Net
Cash 2.39%
Stock 0.00%
Bond 97.61%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 93.61%
Corporate 3.99%
Securitized 0.00%
Municipal 2.40%
Other 0.00%
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Region Exposure

% Developed Markets: 12.40%    % Emerging Markets: 87.60%    % Unidentified Markets: 0.00%

Americas 42.50%
3.69%
Canada 0.03%
United States 3.66%
38.81%
Argentina 2.82%
Brazil 3.02%
Chile 2.09%
Colombia 3.56%
Mexico 5.44%
Peru 2.45%
Venezuela 0.66%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 44.60%
United Kingdom 0.00%
0.00%
11.99%
Poland 1.87%
Turkey 3.88%
32.61%
Egypt 4.22%
Nigeria 3.03%
Qatar 2.71%
Saudi Arabia 2.82%
South Africa 3.42%
United Arab Emirates 3.03%
Greater Asia 12.90%
Japan 0.00%
0.00%
0.00%
12.90%
China 0.00%
India 1.53%
Indonesia 3.11%
Kazakhstan 0.94%
Malaysia 1.49%
Pakistan 1.10%
Philippines 2.15%
Unidentified Region 0.00%

Bond Credit Quality Exposure

AAA 0.00%
AA 6.60%
A 8.87%
BBB 30.90%
BB 26.09%
B 17.23%
Below B 9.36%
    CCC 8.94%
    CC 0.00%
    C 0.42%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.25%
Not Available 0.70%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
4.24%
Less than 1 Year
4.24%
Intermediate
51.58%
1 to 3 Years
14.35%
3 to 5 Years
11.04%
5 to 10 Years
26.19%
Long Term
44.18%
10 to 20 Years
22.78%
20 to 30 Years
20.59%
Over 30 Years
0.82%
Other
0.00%
As of November 30, 2025
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