Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.55%
Stock 2.38%
Bond 94.00%
Convertible 0.00%
Preferred 1.28%
Other 0.80%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 2.15%
Corporate 42.83%
Securitized 6.45%
Municipal 0.88%
Other 47.69%
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Region Exposure

% Developed Markets: 49.81%    % Emerging Markets: 2.21%    % Unidentified Markets: 47.98%

Americas 40.37%
35.38%
Canada 0.30%
United States 35.08%
4.99%
Argentina 0.01%
Brazil 0.01%
Chile 0.01%
Colombia 0.01%
Mexico 0.02%
Peru 0.01%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.40%
United Kingdom 2.76%
6.38%
Austria 0.08%
Denmark 0.04%
Finland 0.02%
France 2.18%
Germany 0.83%
Greece 0.05%
Ireland 0.20%
Italy 0.71%
Netherlands 0.68%
Norway 0.07%
Spain 0.26%
Sweden 0.14%
0.08%
Czech Republic 0.03%
Poland 0.01%
Turkey 0.01%
0.18%
Egypt 0.01%
Nigeria 0.01%
Saudi Arabia 0.01%
South Africa 0.01%
United Arab Emirates 0.06%
Greater Asia 2.25%
Japan 0.63%
0.00%
0.68%
Hong Kong 0.48%
Singapore 0.07%
0.93%
China 0.01%
India 0.55%
Indonesia 0.04%
Kazakhstan 0.00%
Malaysia 0.01%
Pakistan 0.05%
Philippines 0.05%
Thailand 0.08%
Unidentified Region 47.98%

Bond Credit Quality Exposure

AAA 0.85%
AA 1.55%
A 3.34%
BBB 2.84%
BB 8.63%
B 16.20%
Below B 5.74%
    CCC 4.60%
    CC 0.05%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 1.09%
Not Rated 0.06%
Not Available 60.79%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
5.13%
Less than 1 Year
5.13%
Intermediate
83.80%
1 to 3 Years
26.72%
3 to 5 Years
35.31%
5 to 10 Years
21.77%
Long Term
8.55%
10 to 20 Years
5.38%
20 to 30 Years
1.92%
Over 30 Years
1.25%
Other
2.53%
As of September 30, 2025
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