Overview

Performance
Performance
Growth of Hypothetical $10,000
Distributions
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Returns
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.
The Global Allocation Investment Team believes that a company’s ability to manage material environmental, social and governance (“ESG”) issues may be essential to the company’s ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of our investment process. For long-term investors like Global Allocation, incorporating ESG information into its research and investment decisions has been, and remains, very important to our fundamental investment process and our goal of seeking to maximize risk-adjusted returns.
The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.
Ratings
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
MICROSOFT CORP | 1.81 |
APPLE INC | 1.56 |
ALPHABET INC CLASS C | 1.36 |
AMAZON COM INC | 1.01 |
UNITEDHEALTH GROUP INC | 0.82 |
Name | Weight (%) |
---|---|
LVMH | 0.82 |
MASTERCARD INC CLASS A | 0.77 |
ING GROEP NV | 0.70 |
MARSH & MCLENNAN INC | 0.69 |
BNP PARIBAS SA | 0.66 |
Name | Weight (%) |
---|---|
UMBS 30YR TBA(REG A) | 6.75 |
TREASURY (CPI) NOTE 0.625 01/15/2024 | 1.61 |
SPAIN (KINGDOM OF) 2.55 10/31/2032 | 1.33 |
SPAIN (KINGDOM OF) 3.15 04/30/2033 | 0.95 |
TREASURY (CPI) NOTE 0.5 04/15/2024 | 0.92 |
Name | Weight (%) |
---|---|
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 | 0.53 |
QUINTIS 1ST LIEN SR SEC PIK TOGGLE 144A 7.5 10/01/2026 | 0.52 |
CANADA (GOVERNMENT OF) 0.25 03/01/2026 | 0.52 |
SWP: OIS 2.430000 02-MAY-2052 | 0.49 |
GREEN PLAINS - SECURED NOTES 144A 11.75 02/08/2026 | 0.48 |
Exposure Breakdowns
Exposure Breakdowns
% of Net Assets
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.
% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.
Portfolio Managers
Portfolio Managers
Team's Commentary
Get timely market outlooks, thought leadership and portfolio positioning insights from the investment team.