Asset Allocation

As of September 30, 2025.
Type % Net
Cash 5.02%
Stock 0.00%
Bond 91.62%
Convertible 0.00%
Preferred 0.00%
Other 3.36%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 79.82%
Corporate 11.71%
Securitized 0.00%
Municipal 0.00%
Other 8.47%
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Region Exposure

% Developed Markets: 16.24%    % Emerging Markets: 69.91%    % Unidentified Markets: 13.85%

Americas 23.66%
8.01%
Canada 0.10%
United States 7.91%
15.66%
Argentina 2.84%
Venezuela 0.83%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 46.77%
United Kingdom 4.06%
3.10%
Ireland 0.06%
Netherlands 3.04%
1.24%
38.37%
Egypt 3.43%
Nigeria 3.26%
United Arab Emirates 0.20%
Greater Asia 15.72%
Japan 0.00%
0.00%
0.00%
15.72%
Kazakhstan 3.26%
Pakistan 1.89%
Philippines 0.71%
Unidentified Region 13.85%

Bond Credit Quality Exposure

AAA 2.98%
AA 1.62%
A 0.00%
BBB 2.45%
BB 11.22%
B 27.33%
Below B 11.55%
    CCC 10.77%
    CC 0.00%
    C 0.60%
    DDD 0.00%
    DD 0.00%
    D 0.19%
Not Rated 1.49%
Not Available 41.34%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
17.64%
Less than 1 Year
17.64%
Intermediate
61.21%
1 to 3 Years
21.15%
3 to 5 Years
12.99%
5 to 10 Years
27.06%
Long Term
21.15%
10 to 20 Years
11.51%
20 to 30 Years
9.64%
Over 30 Years
0.00%
Other
0.00%
As of September 30, 2025
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