Emerging Markets Debt Fund

select
As of 6/30/2021

Additional Fund Information

   
Inception Date: 05/25/2021
Expense Ratio (Gross): 0.90%
Expense Ratio (Net): 0.70%
Ticker Symbol: WEDIX
CUSIP: 969251511

Fund Statistics

 
 
Total Net Assets ($Million): $24
Number Of Holdings: 124
Since Inception Turnover: 17.3%
Cash & Equivalents: 4.3%
Average Maturity (years): 15.7
Average Quality: Ba1
Current Yield: 4.9%
Duration (years): 8.13
OAS (BPS): 370

Credit Quality

% of Fund
AA 3.7%
A 4.9%
BBB 18.8%
BB 20.4%
B 31.3%
CCC 7.1%
D 1.2%
NR 8.3%
Cash & Equivalents 4.3%
Total 100.0%

Sector Diversification

Sector Name
% of Fund
Emerging Markets Sovereign 63.8%
Emerging Markets Quasi-Sovereign 18.8%
Emerging Markets Corporates 11.3%
Cash & Equivalents 4.3%
Emerging Markets Supranational 0.9%
Emerging Markets Sub Sovereign 0.9%
Total Percentage 100.0%

Top 10 Issuers

Region
% of Fund
Jumhuriyat Misr Al-Arabiyah 3.3%
Turkiye Cumhuriyeti 3.1%
Ukraine (Government) 3.0%
Dawlat Qatar 3.0%
Petroleos Mexicanos 2.5%
Republica De Colombia 2.3%
Perusahaan Perseroan (Persero) Perusahaan Listrik Negara Pt 2.2%
1Mdb Global Investments Ltd 2.1%
Al Mamlakah Al Arabiyah As Suudiyah 2.1%
Russian Federation (Government) 2.1%
Total 25.7%

Top 10 Country Allocations

Country
% of Fund
Indonesia 5.4%
Qatar 5.0%
Mexico 4.2%
Ukraine 3.9%
Brazil 3.5%
Egypt 3.3%
Malaysia 3.2%
Colombia 3.1%
Turkey 3.1%
Chile 2.6%
Total 37.2%

Top 10 Countries by Active Spread Duration Contribution

Country
% of Fund
Qatar 0.3%
Romania 0.1%
Ukraine 0.1%
Egypt 0.1%
Bahrain 0.1%
Serbia 0.1%
Brazil 0.1%
Supranational 0.1%
Gabon 0.1%
Benin 0.1%
Total 1.2%

Duration Distribution

Years
% of Fund
Less than 1 year 7.0%
1 - 3 years 7.8%
3 - 5 years 16.4%
5 - 7 years 13.0%
7 - 10 years 19.1%
10 - 15 years 21.6%
15+ years 15.1%
Total 100.0%

The Fund's Adviser has contractually agreed to waive fees and/or reimburse expenses to limit fund operating expenses until 4/30/22.

Active spread duration is the difference between the effective spread duration contribution from a particular security or market segment to a portfolio, and the contribution to the portfolio's benchmark. Effective spread duration is a measure of the sensitivity of a bond's price with respect to sovereign spread movement. It approximately measures the percentage change in a bond's price if spreads change by 100 bps.

Credit quality ratings are assigned to underlying securities in accordance with the methodology applied by the Fund's benchmark. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle rating is assigned; when a rating from only two agencies is available, the lower is used; when only one agency rates an instrument, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. The Fund itself has not been rated. Credit ratings are subject to change.

Duration distribution is the portfolio's allocation to different groups of bonds, where those groups are determined by the bonds' effective interest rate duration. Effective interest rate duration is a measure of the sensitivity of a bond's price with respect to a shift in U.S. interest rates. It approximately measures the percentage change in a bond's price if U.S. interest rates change by 100 bps.

Option-adjusted spread (OAS) is a measure of the spread of a fixed income investment's yield relative to a benchmark, adjusted to take into account an embedded option.

The 30-Day SEC Yield is an annualized yield based on the most recent 30 day period. Subsidized yields reflect fee waivers in effect. Unsubsidized yields reflect what the yield would have been if no fee waiver had been in effect.

Information about the Fund's holdings should not be considered investment advice. There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change at any time. Top holdings are shown as a % of total net assets.