Asset Allocation

As of September 30, 2025.
Type % Net
Cash 52.15%
Stock 0.00%
Bond 48.01%
Convertible 0.00%
Preferred 1.45%
Other -1.61%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 21.75%
Corporate 45.99%
Securitized 0.00%
Municipal 32.26%
Other 0.00%
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Region Exposure

% Developed Markets: 84.52%    % Emerging Markets: 0.00%    % Unidentified Markets: 15.48%

Americas 80.89%
76.86%
Canada 1.76%
United States 75.10%
4.03%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.22%
United Kingdom 0.00%
3.22%
France 0.87%
Ireland 2.01%
Switzerland 0.34%
0.00%
0.00%
Greater Asia 0.40%
Japan 0.00%
0.40%
Australia 0.40%
0.00%
0.00%
Unidentified Region 15.48%

Bond Credit Quality Exposure

AAA 0.84%
AA 22.72%
A 7.67%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.35%
Not Available 66.42%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
29.07%
Less than 1 Year
29.07%
Intermediate
15.55%
1 to 3 Years
5.91%
3 to 5 Years
0.00%
5 to 10 Years
9.64%
Long Term
55.38%
10 to 20 Years
14.79%
20 to 30 Years
1.10%
Over 30 Years
39.50%
Other
0.00%
As of September 30, 2025
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