Asset Allocation

As of November 30, 2025.
Type % Net
Cash 2.70%
Stock 0.00%
Bond 95.45%
Convertible 0.00%
Preferred 0.00%
Other 1.84%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 88.37%
Corporate 8.50%
Securitized 0.00%
Municipal 0.84%
Other 2.29%
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Region Exposure

% Developed Markets: 12.66%    % Emerging Markets: 83.51%    % Unidentified Markets: 3.83%

Americas 37.86%
5.62%
Canada 0.03%
United States 5.59%
32.24%
Argentina 2.01%
Brazil 3.37%
Chile 1.38%
Colombia 5.28%
Mexico 6.09%
Peru 3.51%
Venezuela 1.70%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 36.88%
United Kingdom 0.44%
1.49%
Ireland 0.07%
Netherlands 0.41%
Spain 0.07%
14.61%
Czech Republic 0.37%
Poland 4.02%
Turkey 3.50%
20.34%
Egypt 2.62%
Israel 0.27%
Nigeria 0.99%
Saudi Arabia 1.59%
South Africa 5.34%
United Arab Emirates 1.33%
Greater Asia 21.44%
Japan 0.00%
0.00%
0.01%
Singapore 0.01%
21.43%
China 0.89%
India 1.80%
Indonesia 6.85%
Kazakhstan 0.90%
Malaysia 5.63%
Pakistan 0.30%
Philippines 1.39%
Thailand 1.25%
Unidentified Region 3.83%

Bond Credit Quality Exposure

AAA 2.06%
AA 3.92%
A 7.00%
BBB 24.61%
BB 24.82%
B 9.32%
Below B 5.38%
    CCC 4.76%
    CC 0.00%
    C 0.32%
    DDD 0.00%
    DD 0.00%
    D 0.30%
Not Rated 1.29%
Not Available 21.60%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
5.23%
Less than 1 Year
5.23%
Intermediate
59.48%
1 to 3 Years
10.65%
3 to 5 Years
16.46%
5 to 10 Years
32.37%
Long Term
35.29%
10 to 20 Years
16.64%
20 to 30 Years
17.09%
Over 30 Years
1.56%
Other
0.00%
As of November 30, 2025
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