Asset Allocation

As of November 30, 2025.
Type % Net
Cash -26.69%
Stock 0.12%
Bond 98.13%
Convertible 0.10%
Preferred 0.80%
Other 27.54%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 18.40%
Corporate 42.53%
Securitized 36.39%
Municipal 0.01%
Other 2.67%
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Region Exposure

% Developed Markets: 73.01%    % Emerging Markets: 5.53%    % Unidentified Markets: 21.46%

Americas 66.21%
59.87%
Canada 1.30%
United States 58.57%
6.34%
Argentina 0.05%
Brazil 0.11%
Chile 0.22%
Colombia 0.08%
Mexico 1.40%
Peru 0.15%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.66%
United Kingdom 1.91%
5.23%
Austria 0.17%
Denmark 0.00%
Finland 0.15%
France 0.76%
Germany 0.17%
Ireland 0.57%
Italy 0.09%
Netherlands 0.51%
Norway 0.02%
Spain 0.46%
Switzerland 0.68%
1.10%
Poland 0.03%
Turkey 0.30%
1.42%
Egypt 0.12%
Israel 0.00%
Nigeria 0.37%
Saudi Arabia 0.53%
South Africa 0.02%
United Arab Emirates 0.02%
Greater Asia 2.67%
Japan 1.28%
0.09%
Australia 0.07%
1.12%
Hong Kong 0.36%
Singapore 0.00%
South Korea 0.75%
0.18%
China 0.01%
Kazakhstan 0.02%
Unidentified Region 21.46%

Bond Credit Quality Exposure

AAA 19.31%
AA 31.72%
A 15.95%
BBB 16.56%
BB 8.37%
B 1.21%
Below B 0.01%
    CCC 0.01%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.52%
Not Available 6.34%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
1.75%
Less than 1 Year
1.75%
Intermediate
41.63%
1 to 3 Years
7.90%
3 to 5 Years
10.90%
5 to 10 Years
22.84%
Long Term
54.17%
10 to 20 Years
12.36%
20 to 30 Years
33.75%
Over 30 Years
8.06%
Other
2.44%
As of November 30, 2025
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