Asset Allocation

As of September 30, 2025.
Type % Net
Cash 11.57%
Stock 0.00%
Bond 86.43%
Convertible 0.00%
Preferred 0.00%
Other 2.00%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 86.53%
Corporate 8.10%
Securitized 0.00%
Municipal 0.00%
Other 5.37%
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Region Exposure

% Developed Markets: 43.26%    % Emerging Markets: 50.10%    % Unidentified Markets: 6.64%

Americas 40.50%
18.65%
Canada 2.45%
United States 16.20%
21.86%
Brazil 9.29%
Colombia 3.21%
Mexico 4.07%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 19.05%
United Kingdom 0.00%
9.43%
Greece 1.15%
Norway 3.78%
Spain 3.44%
Switzerland 0.15%
0.00%
9.61%
Egypt 2.43%
South Africa 6.61%
Greater Asia 33.81%
Japan 0.00%
6.63%
Australia 6.63%
8.55%
South Korea 8.55%
18.63%
India 3.85%
Kazakhstan 2.41%
Malaysia 8.80%
Philippines 3.53%
Thailand 0.05%
Unidentified Region 6.64%

Bond Credit Quality Exposure

AAA 20.14%
AA 11.62%
A 0.00%
BBB 16.30%
BB 24.42%
B 3.47%
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 24.04%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
25.70%
Less than 1 Year
25.70%
Intermediate
49.33%
1 to 3 Years
8.84%
3 to 5 Years
5.38%
5 to 10 Years
35.11%
Long Term
19.61%
10 to 20 Years
15.64%
20 to 30 Years
1.23%
Over 30 Years
2.74%
Other
5.37%
As of September 30, 2025
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