Asset Allocation

As of November 30, 2025.
Type % Net
Cash 8.32%
Stock 2.31%
Bond 91.58%
Convertible 0.02%
Preferred 0.14%
Other -2.37%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 58.06%
Corporate 15.76%
Securitized 21.26%
Municipal 0.13%
Other 4.78%
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Region Exposure

% Developed Markets: 72.33%    % Emerging Markets: 16.77%    % Unidentified Markets: 10.90%

Americas 74.55%
67.25%
Canada 0.39%
United States 66.85%
7.31%
Argentina 0.58%
Brazil 0.75%
Chile 0.35%
Colombia 0.46%
Mexico 1.40%
Peru 0.56%
Venezuela 0.16%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 10.67%
United Kingdom 0.90%
1.71%
Belgium 0.00%
Denmark 0.01%
Finland 0.00%
France 0.26%
Germany 0.01%
Greece 0.05%
Ireland 0.27%
Italy 0.04%
Netherlands 0.28%
Norway 0.00%
Spain 0.09%
Sweden 0.01%
Switzerland 0.08%
3.51%
Poland 0.68%
Russia 0.00%
Turkey 0.87%
4.55%
Egypt 1.01%
Israel 0.11%
Nigeria 0.31%
Saudi Arabia 0.37%
South Africa 0.47%
United Arab Emirates 0.42%
Greater Asia 3.88%
Japan 0.13%
0.12%
Australia 0.12%
0.38%
Hong Kong 0.25%
Singapore 0.03%
South Korea 0.01%
Taiwan 0.09%
3.25%
China 0.23%
India 0.15%
Indonesia 0.52%
Kazakhstan 0.31%
Malaysia 0.19%
Pakistan 0.05%
Philippines 0.67%
Unidentified Region 10.90%

Bond Credit Quality Exposure

AAA 4.96%
AA 43.39%
A 3.79%
BBB 8.18%
BB 8.06%
B 6.58%
Below B 2.80%
    CCC 2.08%
    CC 0.12%
    C 0.08%
    DDD 0.00%
    DD 0.00%
    D 0.51%
Not Rated 2.12%
Not Available 20.14%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
6.36%
Less than 1 Year
6.36%
Intermediate
57.49%
1 to 3 Years
19.09%
3 to 5 Years
10.45%
5 to 10 Years
27.96%
Long Term
32.57%
10 to 20 Years
8.92%
20 to 30 Years
15.11%
Over 30 Years
8.53%
Other
3.58%
As of November 30, 2025
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