Asset Allocation

As of September 30, 2025.
Type % Net
Cash -5.15%
Stock 0.00%
Bond 97.26%
Convertible 0.00%
Preferred 4.60%
Other 3.29%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 0.00%
Corporate 0.00%
Securitized 89.86%
Municipal 0.00%
Other 10.14%
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Region Exposure

% Developed Markets: 78.41%    % Emerging Markets: 0.00%    % Unidentified Markets: 21.59%

Americas 78.41%
58.78%
United States 58.78%
19.62%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 0.00%
United Kingdom 0.00%
0.00%
0.00%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 21.59%

Bond Credit Quality Exposure

AAA 0.00%
AA 2.80%
A 1.70%
BBB 19.09%
BB 22.52%
B 6.60%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 21.16%
Not Available 26.12%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
1.51%
Less than 1 Year
1.51%
Intermediate
46.03%
1 to 3 Years
0.64%
3 to 5 Years
8.02%
5 to 10 Years
37.37%
Long Term
52.46%
10 to 20 Years
44.66%
20 to 30 Years
3.82%
Over 30 Years
3.98%
Other
0.00%
As of September 30, 2025
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