Asset Allocation

As of September 30, 2025.
Type % Net
Cash 7.40%
Stock 0.09%
Bond 93.12%
Convertible 0.00%
Preferred 0.33%
Other -0.94%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 25.89%
Corporate 35.96%
Securitized 34.87%
Municipal 0.00%
Other 3.27%
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Region Exposure

% Developed Markets: 92.52%    % Emerging Markets: 0.99%    % Unidentified Markets: 6.49%

Americas 85.09%
83.64%
Canada 2.88%
United States 80.76%
1.46%
Chile 0.19%
Mexico 0.32%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.99%
United Kingdom 1.40%
6.12%
Denmark 2.95%
France 0.69%
Ireland 0.45%
Italy 0.79%
Netherlands 0.20%
Spain 0.17%
Sweden 0.00%
Switzerland 0.28%
0.28%
0.19%
Israel 0.19%
Greater Asia 0.43%
Japan 0.00%
0.15%
Australia 0.15%
0.25%
Hong Kong 0.25%
0.04%
China 0.04%
Unidentified Region 6.49%

Bond Credit Quality Exposure

AAA 5.10%
AA 32.21%
A 4.11%
BBB 17.29%
BB 7.83%
B 4.47%
Below B 1.16%
    CCC 1.16%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.52%
Not Available 25.31%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
7.02%
Less than 1 Year
7.02%
Intermediate
42.14%
1 to 3 Years
9.77%
3 to 5 Years
16.88%
5 to 10 Years
15.49%
Long Term
48.57%
10 to 20 Years
7.54%
20 to 30 Years
36.32%
Over 30 Years
4.70%
Other
2.28%
As of September 30, 2025
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