1 Source: KKR, Bloomberg, and BofA, as of May 30, 2026. Asia IG is represented by ICE Asia Pacific Dollar Investment Grade Index. EM IG is represented by the BBB- or higher rated components in ICE BofA Emerging Markets Corporate Plus Index and ICE BofA Emerging Markets External Sovereign Index.
2 Source: KKR, Bloomberg, and BofA, as of April 30, 2026. Asia liquid credit market is represented by ICE Asia Pacific Dollar Index. Asia high yield market is represented by ICE Asia Pacific Dollar High Yield Index.
3 Source: KKR, Bloomberg, and BofA, as of April 30, 2026.
4 Source: KKR, Bloomberg, and BofA, as of April 30, 2026.
5 Source: IMF, ranking by 2025 GDP.
6 Source: KKR, Bloomberg, and BofA, as of April 30, 2026. MSCI’s DM Asia definition is Japan, Australia, Korea, Singapore, Hong Kong, Taiwan and Macau. For EM, MSCI’s DM definition includes Israel. References to diversification, liquidity, downside mitigation and return potential are based on historical observations and investment views and are not guarantees of future results or investment outcomes. Any investment strategy involves substantial risks, including possible loss of principal. Emerging Markets based on EMCB index and EMGB index. Asia Market is based on APACDOL index.
7 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. Asia IG is represented by ICE Asia Pacific Dollar Investment Grade Index. US IG is represented by ICE Asia Pacific Dollar Investment Grade Index.
8 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. Asia IG is represented by ICE Asia Pacific Dollar Investment Grade Index. US IG is represented by ICE Asia Pacific Dollar Investment Grade Index.
9 Source: S&P as of May 31, 2026.
10 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. EM universe is represented by ICE BofA Emerging Markets Corporate Plus Index and ICE BofA Emerging Markets External Sovereign Index.
11 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. Asia is represented by ICE Asia Pacific Dollar Index. EM universe is represented by ICE BofA Emerging Markets Corporate Plus Index and ICE BofA Emerging Markets External Sovereign Index.
12 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. EM corporate index is ICE BofA Emerging Markets Corporate Plus Index.
13 Source: KKR, Bloomberg, and BofA, as of May 31, 2026.
14 Source: KKR, Bloomberg, and BofA, as of May 31, 2026.
15 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. EM HY is represented by ICE BofA High Yield Emerging Markets Corporate Plus Index.
16 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. APAC HY is represented by ICE Asia Pacific Dollar High Yield Index.
17 Source: KKR, Bloomberg, and BofA, as of May 31, 2026. APAC liquid credit market is represented by ICE Asia Pacific Dollar Index.
18 Source: KKR, Bloomberg, as of May 31, 2026.
19 Source: KKR, Bloomberg, as of May 31, 2026.
20 Source: KKR, Bloomberg, as of December 31, 2025.
21 Source: KKR, Bloomberg, and BofA. Asia IG is represented by ICE Asia Pacific Dollar Investment Grade Index. US IG is represented by ICE BofA US Corporate Index.
22 Source: KKR, Bloomberg, and BofA, for the period during June 1, 2023 to May 31, 2026. APAC HY is represented by ICE Asia Pacific Dollar High Yield Index. EM HY is represented by the BB+ or below rated components in ICE BofA Emerging Markets Corporate Plus Index and ICE BofA Emerging Markets External Sovereign Index.
23 Source: KKR, Bloomberg, and BofA. Covid-19 refers to the period between February 29, 2020 to March 31, 2021. Middle East Conflicts refers to the period between February 28, 2026 to May 31, 2026.
