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|Leveraged Loans||20%, as permitted1|
|Investment Grade Corporates||Up to ∼15%|
|Single Country Exposure||∼15% except U.S.|
|Sovereign Debt||Up to ∼10%|
|Currency||Non-U.S. Dollar denominated holdings are hedged to AUD|
|Derivatives||currency forwards (for hedging); 10% limit on credit default swaps|
|Benchmark: ICE BOFA GLOBAL HIGH YIELD INDEX|
|Target Tracking Error||1-3%|
|Duration||±0.5 years relative to index|
|Index hedged to USD|
1Exposure to Leveraged Loans may be limited to or prohibited by regulatory agencies based on legal structure.
The above expected investment parameters are relative to the corresponding benchmark of strategy and represent anticipated ranges of exposure at the time of purchase. Market fluctuations may cause actual exposure to fall outside these ranges. Actual results may vary, and the information should not be considered or relied upon as a projection of future performance.