Asset Allocation

As of September 30, 2025.
Type % Net
Cash 11.02%
Stock 1.49%
Bond 85.11%
Convertible 0.00%
Preferred 2.05%
Other 0.33%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 3.90%
Corporate 76.16%
Securitized 8.50%
Municipal 0.33%
Other 11.11%
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Region Exposure

% Developed Markets: 85.22%    % Emerging Markets: 0.00%    % Unidentified Markets: 14.78%

Americas 66.20%
63.17%
Canada 0.79%
United States 62.38%
3.03%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 18.94%
United Kingdom 0.15%
18.80%
Denmark 1.30%
Germany 2.54%
Netherlands 3.49%
Norway 1.23%
Sweden 7.41%
0.00%
0.00%
Greater Asia 0.08%
Japan 0.00%
0.00%
0.08%
Singapore 0.08%
0.00%
Unidentified Region 14.78%

Bond Credit Quality Exposure

AAA 5.20%
AA 3.90%
A 3.62%
BBB 14.15%
BB 15.64%
B 12.20%
Below B 6.73%
    CCC 6.73%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.90%
Not Available 35.67%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
17.21%
Less than 1 Year
17.21%
Intermediate
76.69%
1 to 3 Years
35.36%
3 to 5 Years
35.49%
5 to 10 Years
5.85%
Long Term
6.10%
10 to 20 Years
3.99%
20 to 30 Years
1.45%
Over 30 Years
0.66%
Other
0.00%
As of September 30, 2025
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