Asset Allocation

As of September 30, 2025.
Type % Net
Cash 0.20%
Stock 0.00%
Bond 95.70%
Convertible 0.00%
Preferred 0.00%
Other 4.10%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 92.39%
Corporate 7.55%
Securitized 0.00%
Municipal 0.06%
Other 0.00%
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Region Exposure

% Developed Markets: 11.24%    % Emerging Markets: 84.63%    % Unidentified Markets: 4.12%

Americas 47.90%
6.00%
United States 6.00%
41.90%
Argentina 2.35%
Brazil 2.55%
Chile 2.47%
Colombia 3.47%
Mexico 11.12%
Peru 4.30%
Venezuela 0.27%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 40.75%
United Kingdom 1.21%
2.41%
Netherlands 0.97%
17.37%
Czech Republic -0.02%
Poland 0.79%
Turkey 4.55%
19.76%
Egypt 2.98%
Israel 0.85%
Nigeria 1.69%
Saudi Arabia 0.56%
South Africa 3.81%
United Arab Emirates 0.06%
Greater Asia 7.23%
Japan 0.00%
0.00%
0.00%
Hong Kong 0.00%
7.23%
Indonesia 0.63%
Kazakhstan 1.04%
Malaysia 1.14%
Unidentified Region 4.12%

Bond Credit Quality Exposure

AAA 0.00%
AA 7.34%
A 8.02%
BBB 33.64%
BB 33.53%
B 7.19%
Below B 9.06%
    CCC 8.84%
    CC 0.00%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.22%
Not Rated 0.27%
Not Available 0.95%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
4.16%
Less than 1 Year
4.16%
Intermediate
66.74%
1 to 3 Years
6.47%
3 to 5 Years
21.64%
5 to 10 Years
38.64%
Long Term
29.10%
10 to 20 Years
12.18%
20 to 30 Years
14.92%
Over 30 Years
1.99%
Other
0.00%
As of September 30, 2025
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