Asset Allocation

As of November 30, 2025.
Type % Net
Cash -21.11%
Stock 0.08%
Bond 89.15%
Convertible 0.00%
Preferred 0.00%
Other 31.88%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 28.79%
Corporate 41.97%
Securitized 28.19%
Municipal 0.38%
Other 0.67%
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Region Exposure

% Developed Markets: 67.57%    % Emerging Markets: 1.88%    % Unidentified Markets: 30.55%

Americas 64.97%
63.06%
Canada 0.66%
United States 62.40%
1.92%
Argentina 0.01%
Brazil 0.05%
Chile 0.03%
Colombia 0.05%
Mexico 0.36%
Peru 0.05%
Venezuela 0.00%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.11%
United Kingdom 1.25%
1.40%
Austria 0.01%
Finland 0.01%
France 0.16%
Germany 0.07%
Greece 0.01%
Ireland 0.34%
Italy 0.05%
Netherlands 0.32%
Norway 0.02%
Spain 0.09%
Sweden 0.03%
Switzerland 0.02%
0.18%
Czech Republic 0.04%
Poland 0.08%
Turkey 0.02%
0.29%
Egypt 0.03%
Israel 0.01%
South Africa 0.14%
Greater Asia 1.36%
Japan 0.45%
0.23%
Australia 0.23%
0.22%
Hong Kong 0.06%
Singapore 0.09%
South Korea 0.02%
0.47%
China 0.01%
India 0.11%
Indonesia 0.14%
Kazakhstan 0.02%
Malaysia 0.02%
Philippines 0.14%
Thailand 0.04%
Unidentified Region 30.55%

Bond Credit Quality Exposure

AAA 6.01%
AA 35.69%
A 9.12%
BBB 21.27%
BB 4.99%
B 1.63%
Below B 0.76%
    CCC 0.58%
    CC 0.12%
    C 0.02%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 1.24%
Not Available 19.30%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
8.73%
Less than 1 Year
8.73%
Intermediate
37.28%
1 to 3 Years
9.23%
3 to 5 Years
11.90%
5 to 10 Years
16.15%
Long Term
53.79%
10 to 20 Years
17.60%
20 to 30 Years
33.46%
Over 30 Years
2.74%
Other
0.20%
As of November 30, 2025
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