Asset Allocation

As of September 30, 2025.
Type % Net
Cash 2.34%
Stock 0.00%
Bond 98.29%
Convertible 0.00%
Preferred 0.00%
Other -0.64%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 68.51%
Corporate 28.23%
Securitized 0.65%
Municipal 2.33%
Other 0.27%
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Region Exposure

% Developed Markets: 84.72%    % Emerging Markets: 14.58%    % Unidentified Markets: 0.70%

Americas 45.85%
39.03%
Canada 5.47%
United States 33.57%
6.82%
Argentina 0.71%
Brazil 0.52%
Chile 0.55%
Colombia 0.76%
Mexico 0.70%
Peru 0.48%
Venezuela 0.03%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 39.86%
United Kingdom 4.99%
28.65%
Austria 0.59%
Belgium 2.07%
Denmark 0.34%
Finland 0.43%
France 5.29%
Germany 4.32%
Greece 0.14%
Ireland 1.52%
Italy 3.73%
Netherlands 2.47%
Norway 0.22%
Portugal 0.40%
Spain 3.42%
Sweden 0.56%
Switzerland 0.50%
3.42%
Czech Republic 0.04%
Poland 0.31%
Turkey 0.56%
2.81%
Egypt 0.70%
Israel 0.03%
South Africa 0.67%
United Arab Emirates 0.04%
Greater Asia 13.59%
Japan 9.92%
1.58%
Australia 1.34%
0.45%
Hong Kong 0.14%
Singapore 0.23%
South Korea 0.08%
1.64%
China 0.05%
India 0.16%
Indonesia 0.61%
Philippines 0.55%
Unidentified Region 0.70%

Bond Credit Quality Exposure

AAA 10.03%
AA 33.81%
A 16.01%
BBB 20.15%
BB 7.36%
B 2.73%
Below B 1.62%
    CCC 1.56%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.06%
Not Rated 0.07%
Not Available 8.23%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
3.59%
Less than 1 Year
3.59%
Intermediate
66.30%
1 to 3 Years
16.52%
3 to 5 Years
18.10%
5 to 10 Years
31.68%
Long Term
28.86%
10 to 20 Years
13.89%
20 to 30 Years
12.58%
Over 30 Years
2.39%
Other
1.25%
As of September 30, 2025
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