Asset Allocation

As of September 30, 2025.
Type % Net
Cash 3.71%
Stock 0.00%
Bond 94.48%
Convertible 0.00%
Preferred 0.15%
Other 1.66%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 13.65%
Corporate 47.30%
Securitized 35.06%
Municipal 1.42%
Other 2.57%
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Region Exposure

% Developed Markets: 91.58%    % Emerging Markets: 2.56%    % Unidentified Markets: 5.86%

Americas 69.93%
68.80%
Canada 2.90%
United States 65.90%
1.13%
Chile 0.30%
Mexico 0.36%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 22.31%
United Kingdom 0.22%
21.60%
Denmark 0.30%
Finland 0.56%
France 2.29%
Germany 4.29%
Ireland 1.62%
Italy 0.52%
Netherlands 7.44%
Spain 1.86%
Sweden 0.81%
0.29%
0.20%
Greater Asia 1.89%
Japan 0.00%
0.30%
Australia 0.30%
0.19%
South Korea 0.19%
1.40%
India 0.49%
Philippines 0.91%
Unidentified Region 5.86%

Bond Credit Quality Exposure

AAA 14.63%
AA 13.15%
A 16.56%
BBB 25.91%
BB 2.12%
B 0.61%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 27.02%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
8.77%
Less than 1 Year
8.77%
Intermediate
59.64%
1 to 3 Years
19.00%
3 to 5 Years
16.26%
5 to 10 Years
24.38%
Long Term
30.56%
10 to 20 Years
3.33%
20 to 30 Years
24.68%
Over 30 Years
2.55%
Other
1.03%
As of September 30, 2025
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