Asset Allocation

As of September 30, 2025.
Type % Net
Cash 5.21%
Stock 0.00%
Bond 93.94%
Convertible 0.00%
Preferred 0.00%
Other 0.86%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 40.27%
Corporate 59.21%
Securitized 0.01%
Municipal 0.30%
Other 0.21%
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Region Exposure

% Developed Markets: 67.12%    % Emerging Markets: 27.64%    % Unidentified Markets: 5.24%

Americas 25.20%
11.16%
Canada 1.55%
United States 9.61%
14.04%
Argentina 2.58%
Brazil 1.58%
Chile 0.43%
Colombia 1.90%
Mexico 2.01%
Peru 0.38%
Venezuela 0.37%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 61.86%
United Kingdom 10.94%
38.32%
Belgium 0.94%
Denmark 0.33%
France 6.89%
Germany 2.39%
Ireland 2.55%
Italy 5.75%
Netherlands 5.87%
Spain 5.87%
Switzerland 0.69%
4.30%
Czech Republic 0.34%
Poland 0.28%
Russia 0.01%
Turkey 2.79%
8.29%
Egypt 1.05%
Israel 0.37%
Nigeria 0.81%
Saudi Arabia 0.24%
South Africa 1.03%
United Arab Emirates 0.35%
Greater Asia 7.70%
Japan 2.16%
1.97%
Australia 1.64%
0.65%
Singapore 0.32%
South Korea 0.33%
2.92%
China 0.05%
India 1.06%
Indonesia 0.52%
Kazakhstan 0.17%
Malaysia 0.14%
Philippines 0.13%
Unidentified Region 5.24%

Bond Credit Quality Exposure

AAA 1.83%
AA 2.50%
A 14.03%
BBB 25.94%
BB 23.54%
B 19.53%
Below B 5.78%
    CCC 5.47%
    CC 0.00%
    C 0.13%
    DDD 0.00%
    DD 0.00%
    D 0.18%
Not Rated 0.45%
Not Available 6.38%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
2.79%
Less than 1 Year
2.79%
Intermediate
78.15%
1 to 3 Years
12.11%
3 to 5 Years
21.70%
5 to 10 Years
44.34%
Long Term
16.88%
10 to 20 Years
8.05%
20 to 30 Years
6.82%
Over 30 Years
2.02%
Other
2.19%
As of September 30, 2025
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