Asset Allocation

As of September 30, 2025.
Type % Net
Cash 2.20%
Stock 0.04%
Bond 95.76%
Convertible 0.01%
Preferred 0.01%
Other 1.98%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 31.92%
Corporate 24.36%
Securitized 41.78%
Municipal 1.04%
Other 0.89%
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Region Exposure

% Developed Markets: 98.55%    % Emerging Markets: 2.96%    % Unidentified Markets: -1.51%

Americas 94.90%
91.46%
Canada 0.70%
United States 90.76%
3.44%
Argentina 0.05%
Brazil 0.35%
Chile 0.07%
Colombia 0.19%
Mexico 0.62%
Peru 0.11%
Venezuela 0.02%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.56%
United Kingdom 1.55%
3.00%
Austria 0.01%
Belgium 0.10%
Denmark 0.04%
Finland 0.01%
France 0.56%
Germany 0.06%
Greece 0.03%
Ireland 0.77%
Italy 0.11%
Netherlands 0.41%
Norway 0.08%
Portugal 0.00%
Spain 0.17%
Sweden 0.03%
Switzerland 0.23%
0.33%
Czech Republic 0.00%
Poland 0.04%
Russia 0.01%
Turkey 0.07%
0.68%
Egypt 0.05%
Israel 0.05%
Nigeria 0.01%
Qatar 0.01%
Saudi Arabia 0.13%
South Africa 0.12%
United Arab Emirates 0.07%
Greater Asia 1.05%
Japan 0.38%
0.28%
Australia 0.27%
0.12%
Hong Kong 0.02%
Singapore 0.03%
South Korea 0.05%
Taiwan 0.00%
0.27%
China 0.01%
India 0.04%
Indonesia 0.09%
Kazakhstan 0.02%
Malaysia 0.02%
Pakistan 0.01%
Philippines 0.04%
Thailand 0.00%
Unidentified Region -1.51%

Bond Credit Quality Exposure

AAA 9.62%
AA 40.56%
A 7.23%
BBB 13.27%
BB 3.14%
B 1.18%
Below B 1.06%
    CCC 0.80%
    CC 0.12%
    C 0.07%
    DDD 0.00%
    DD 0.00%
    D 0.08%
Not Rated 1.62%
Not Available 22.31%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
3.08%
Less than 1 Year
3.08%
Intermediate
40.51%
1 to 3 Years
8.23%
3 to 5 Years
9.26%
5 to 10 Years
23.02%
Long Term
53.84%
10 to 20 Years
13.04%
20 to 30 Years
31.51%
Over 30 Years
9.29%
Other
2.57%
As of September 30, 2025
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