Asset Allocation

As of September 30, 2025.
Type % Net
Cash 0.32%
Stock 0.00%
Bond 96.46%
Convertible 0.00%
Preferred 0.00%
Other 3.21%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 20.40%
Corporate 78.76%
Securitized 0.00%
Municipal 0.00%
Other 0.84%
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Region Exposure

% Developed Markets: 89.72%    % Emerging Markets: 6.01%    % Unidentified Markets: 4.27%

Americas 50.77%
46.91%
Canada 0.72%
United States 46.20%
3.86%
Chile 0.57%
Mexico 1.79%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 43.71%
United Kingdom 8.07%
32.75%
Austria 1.91%
Belgium 0.68%
Denmark 0.43%
Finland 0.56%
France 6.54%
Germany 3.00%
Greece 0.50%
Ireland 2.32%
Italy 4.32%
Netherlands 5.70%
Norway 0.41%
Portugal 0.87%
Spain 1.75%
Switzerland 0.54%
2.24%
Poland 0.69%
Turkey 1.54%
0.66%
Israel 0.01%
Greater Asia 1.25%
Japan 0.08%
0.77%
Australia 0.77%
0.02%
Hong Kong 0.00%
0.38%
India 0.38%
Unidentified Region 4.27%

Bond Credit Quality Exposure

AAA 0.00%
AA 18.96%
A 0.67%
BBB 13.15%
BB 51.68%
B 11.57%
Below B 2.94%
    CCC 2.91%
    CC 0.01%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.02%
Not Rated 0.00%
Not Available 1.03%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
9.02%
Less than 1 Year
9.02%
Intermediate
75.87%
1 to 3 Years
19.51%
3 to 5 Years
25.76%
5 to 10 Years
30.60%
Long Term
7.79%
10 to 20 Years
0.92%
20 to 30 Years
3.20%
Over 30 Years
3.67%
Other
7.32%
As of September 30, 2025
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