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Credit Exposures by Country (contribution to credit spread duration in years)1 as of Jun 30, 2020

Romania 0.46
Egypt 0.41
Bahrain 0.11
Jamaica 0.09
Serbia 0.06
Greece 0.06
Philippines 0.05
Belarus 0.05
Barbados 0.04
Macedonia 0.03
Jordan 0.03
United States 0.03
Uzbekistan 0.03
Honduras 0.03
Iceland 0.03
Benin 0.02
Armenia 0.02
Morocco 0.02
Dominican Republic 0.02
Moldova 0.01
Tanzania 0.01
Bulgaria 0.01
Kuwait 0.01
Bermuda 0.01
Hungary 0.01
Suriname 0.01
Iraq 0.01
Kenya 0.01
Kazakhstan 0.01
Indonesia 0.01
Panama 0.01
China 0.01
Colombia 0.01
U.A.E. -0.01
Brazil -0.07
Ukraine -0.07
Turkey -0.08
Russia -0.10
Saudi Arabia -0.11
Qatar -0.13
Malaysia -0.15
South Africa -0.18