Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.41%
Stock 3.40%
Bond 74.36%
Convertible 0.00%
Preferred 18.20%
Other 2.63%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 3.41%
Corporate 59.75%
Securitized 0.28%
Municipal 0.00%
Other 36.56%
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Region Exposure

% Developed Markets: 96.37%    % Emerging Markets: 0.00%    % Unidentified Markets: 3.63%

Americas 76.24%
73.33%
Canada 9.55%
United States 63.78%
2.91%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 20.13%
United Kingdom 6.86%
13.28%
France 5.47%
Germany 0.18%
Ireland 0.61%
Netherlands 1.10%
Spain 5.31%
Switzerland 0.60%
0.00%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 3.63%

Bond Credit Quality Exposure

AAA 0.00%
AA 1.24%
A 0.00%
BBB 44.77%
BB 48.99%
B 1.40%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 3.60%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
2.92%
Less than 1 Year
2.92%
Intermediate
1.86%
1 to 3 Years
1.15%
3 to 5 Years
0.00%
5 to 10 Years
0.71%
Long Term
53.19%
10 to 20 Years
9.01%
20 to 30 Years
21.12%
Over 30 Years
23.06%
Other
42.03%
As of September 30, 2025
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