Asset Allocation

As of November 30, 2025.
Type % Net
Cash -0.45%
Stock 0.00%
Bond 100.3%
Convertible 0.00%
Preferred 0.00%
Other 0.12%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 1.52%
Corporate 49.01%
Securitized 0.00%
Municipal 46.34%
Other 3.13%
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Region Exposure

% Developed Markets: 97.77%    % Emerging Markets: 1.52%    % Unidentified Markets: 0.71%

Americas 86.04%
82.75%
Canada 1.00%
United States 81.75%
3.29%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.73%
United Kingdom 6.12%
5.61%
Denmark 0.00%
Ireland 1.86%
Netherlands 2.68%
Norway 0.02%
Switzerland 0.02%
0.00%
0.00%
Greater Asia 1.52%
Japan 0.00%
0.00%
0.00%
1.52%
Unidentified Region 0.71%

Bond Credit Quality Exposure

AAA 1.90%
AA 14.95%
A 8.59%
BBB 24.59%
BB 21.96%
B 17.57%
Below B 1.85%
    CCC 1.85%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 8.60%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
14.83%
Less than 1 Year
14.83%
Intermediate
35.07%
1 to 3 Years
4.15%
3 to 5 Years
14.42%
5 to 10 Years
16.50%
Long Term
50.10%
10 to 20 Years
12.46%
20 to 30 Years
24.56%
Over 30 Years
13.08%
Other
0.00%
As of November 30, 2025
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