Asset Allocation

As of November 30, 2025.
Type % Net
Cash 7.22%
Stock 3.42%
Bond 79.24%
Convertible 0.52%
Preferred 0.39%
Other 9.20%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 32.95%
Corporate 49.61%
Securitized 0.05%
Municipal 4.08%
Other 13.31%
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Region Exposure

% Developed Markets: 79.55%    % Emerging Markets: 3.04%    % Unidentified Markets: 17.42%

Americas 67.98%
66.44%
Canada 39.94%
United States 26.50%
1.54%
Argentina 0.15%
Mexico 0.94%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.48%
United Kingdom 1.47%
8.60%
Belgium 0.74%
Denmark 0.05%
France 0.72%
Germany 3.00%
Greece 0.01%
Ireland 0.07%
Italy 0.32%
Netherlands 0.75%
Norway 0.45%
Portugal 0.49%
Spain 1.50%
Switzerland 0.34%
0.70%
Czech Republic 0.03%
Poland 0.16%
0.71%
Israel 0.03%
South Africa 0.66%
Greater Asia 3.12%
Japan 0.62%
1.83%
Australia 1.12%
0.47%
Hong Kong 0.24%
Singapore 0.08%
South Korea 0.15%
0.20%
China 0.12%
Philippines 0.07%
Thailand 0.00%
Unidentified Region 17.42%

Bond Credit Quality Exposure

AAA 25.86%
AA 11.67%
A 5.23%
BBB 14.24%
BB 10.81%
B 8.55%
Below B 1.81%
    CCC 1.77%
    CC 0.03%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.71%
Not Available 21.13%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
1.57%
Less than 1 Year
1.57%
Intermediate
77.43%
1 to 3 Years
14.97%
3 to 5 Years
25.74%
5 to 10 Years
36.73%
Long Term
20.99%
10 to 20 Years
4.77%
20 to 30 Years
11.56%
Over 30 Years
4.66%
Other
0.01%
As of November 30, 2025
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