Asset Allocation

As of November 30, 2025.
Type % Net
Cash 0.99%
Stock 0.00%
Bond 94.38%
Convertible 0.00%
Preferred 0.00%
Other 4.63%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 84.48%
Corporate 13.86%
Securitized 0.20%
Municipal 0.60%
Other 0.85%
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Region Exposure

% Developed Markets: 11.58%    % Emerging Markets: 83.03%    % Unidentified Markets: 5.39%

Americas 38.60%
1.43%
Canada 0.06%
United States 1.37%
37.16%
Argentina 3.80%
Brazil 3.48%
Chile 3.05%
Colombia 3.30%
Mexico 5.99%
Peru 2.25%
Venezuela 1.84%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 44.26%
United Kingdom 0.49%
5.13%
Austria 0.06%
Ireland 0.74%
Netherlands 0.54%
Spain 0.11%
14.43%
Czech Republic 0.14%
Poland 2.36%
Turkey 4.44%
24.22%
Egypt 2.18%
Israel 0.18%
Nigeria 2.01%
Saudi Arabia 3.21%
South Africa 2.52%
United Arab Emirates 1.80%
Greater Asia 11.75%
Japan 0.00%
0.00%
0.16%
Hong Kong 0.05%
Singapore 0.09%
South Korea 0.02%
Taiwan 0.00%
11.59%
China 0.09%
India 0.39%
Indonesia 3.40%
Kazakhstan 0.84%
Malaysia 1.45%
Pakistan 0.63%
Philippines 1.90%
Thailand 0.11%
Unidentified Region 5.39%

Bond Credit Quality Exposure

AAA 0.24%
AA 1.86%
A 10.57%
BBB 31.55%
BB 22.93%
B 18.53%
Below B 9.75%
    CCC 9.05%
    CC 0.00%
    C 0.18%
    DDD 0.00%
    DD 0.00%
    D 0.51%
Not Rated 2.15%
Not Available 2.42%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
1.13%
Less than 1 Year
1.13%
Intermediate
61.46%
1 to 3 Years
5.20%
3 to 5 Years
15.48%
5 to 10 Years
40.77%
Long Term
37.03%
10 to 20 Years
15.05%
20 to 30 Years
17.57%
Over 30 Years
4.41%
Other
0.38%
As of November 30, 2025
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