Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.76%
Stock 1.27%
Bond 88.50%
Convertible 0.00%
Preferred 7.95%
Other 0.53%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 29.86%
Corporate 53.77%
Securitized 0.99%
Municipal 3.07%
Other 12.30%
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Region Exposure

% Developed Markets: 99.26%    % Emerging Markets: 0.02%    % Unidentified Markets: 0.72%

Americas 93.83%
92.52%
Canada 0.94%
United States 91.58%
1.31%
Brazil 0.00%
Mexico 0.00%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.65%
United Kingdom 3.65%
0.94%
Austria 0.00%
Denmark 0.01%
Finland 0.01%
France 0.22%
Germany 0.01%
Ireland 0.10%
Italy 0.02%
Netherlands 0.17%
Norway 0.03%
Spain 0.04%
Sweden 0.03%
Switzerland 0.23%
0.00%
0.06%
Israel 0.01%
United Arab Emirates 0.05%
Greater Asia 0.80%
Japan 0.17%
0.17%
Australia 0.16%
0.46%
Hong Kong 0.41%
Singapore 0.02%
0.00%
Unidentified Region 0.72%

Bond Credit Quality Exposure

AAA 0.97%
AA 24.53%
A 13.99%
BBB 40.15%
BB 7.92%
B 3.99%
Below B 0.57%
    CCC 0.53%
    CC 0.01%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 0.14%
Not Available 7.74%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
9.24%
Less than 1 Year
9.24%
Intermediate
20.56%
1 to 3 Years
13.75%
3 to 5 Years
5.91%
5 to 10 Years
0.89%
Long Term
67.02%
10 to 20 Years
7.94%
20 to 30 Years
50.49%
Over 30 Years
8.59%
Other
3.19%
As of September 30, 2025
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