Asset Allocation

As of September 30, 2025.
Type % Net
Cash 5.22%
Stock 1.21%
Bond 95.23%
Convertible 0.00%
Preferred 0.44%
Other -2.09%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 41.10%
Corporate 53.03%
Securitized 2.59%
Municipal 0.32%
Other 2.97%
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Region Exposure

% Developed Markets: 83.94%    % Emerging Markets: 12.79%    % Unidentified Markets: 3.27%

Americas 78.19%
71.89%
Canada 2.57%
United States 69.33%
6.29%
Argentina 0.34%
Brazil 0.32%
Chile 0.56%
Colombia 0.64%
Mexico 1.18%
Peru 0.28%
Venezuela 0.17%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 14.32%
United Kingdom 2.56%
5.87%
Austria 0.03%
Belgium 0.24%
Denmark 0.09%
Finland 0.01%
France 1.52%
Germany 0.96%
Ireland 0.17%
Italy 0.34%
Netherlands 0.76%
Norway 0.08%
Portugal 0.06%
Spain 0.15%
Sweden 0.07%
Switzerland 0.19%
1.94%
Czech Republic 0.09%
Poland 0.29%
Turkey 0.55%
3.95%
Egypt 0.43%
Israel 0.08%
Nigeria 0.42%
Qatar 0.22%
Saudi Arabia 0.38%
South Africa 0.27%
United Arab Emirates 0.50%
Greater Asia 4.22%
Japan 0.78%
0.70%
Australia 0.67%
0.43%
Hong Kong 0.13%
Singapore 0.08%
South Korea 0.22%
2.31%
China 0.62%
India 0.04%
Indonesia 0.40%
Kazakhstan 0.06%
Malaysia 0.20%
Pakistan 0.18%
Philippines 0.16%
Thailand 0.07%
Unidentified Region 3.27%

Bond Credit Quality Exposure

AAA 1.70%
AA 27.14%
A 2.79%
BBB 10.24%
BB 23.07%
B 18.59%
Below B 6.81%
    CCC 5.62%
    CC 0.00%
    C 0.11%
    DDD 0.00%
    DD 0.00%
    D 1.07%
Not Rated 0.29%
Not Available 9.36%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
2.86%
Less than 1 Year
2.86%
Intermediate
78.18%
1 to 3 Years
19.76%
3 to 5 Years
24.93%
5 to 10 Years
33.50%
Long Term
17.40%
10 to 20 Years
8.50%
20 to 30 Years
7.72%
Over 30 Years
1.18%
Other
1.55%
As of September 30, 2025
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