Asset Allocation

As of November 30, 2025.
Type % Net
Cash 1.46%
Stock 2.75%
Bond 93.67%
Convertible 0.00%
Preferred 0.55%
Other 1.58%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 1.10%
Corporate 90.06%
Securitized 0.65%
Municipal 0.00%
Other 8.19%
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Region Exposure

% Developed Markets: 89.29%    % Emerging Markets: 0.40%    % Unidentified Markets: 10.31%

Americas 81.84%
79.44%
Canada 2.81%
United States 76.63%
2.40%
Brazil 0.16%
Peru 0.12%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.99%
United Kingdom 2.34%
4.53%
Denmark 0.36%
Finland 0.14%
France 1.14%
Germany 0.16%
Ireland 0.77%
Netherlands 0.70%
Norway 0.13%
Spain 0.24%
0.00%
0.12%
Israel 0.04%
United Arab Emirates 0.01%
Greater Asia 0.86%
Japan 0.00%
0.58%
Australia 0.58%
0.29%
Singapore 0.29%
0.00%
Unidentified Region 10.31%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.01%
BBB 4.54%
BB 46.10%
B 31.33%
Below B 9.84%
    CCC 9.59%
    CC 0.07%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.18%
Not Rated 0.13%
Not Available 8.05%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
1.87%
Less than 1 Year
1.87%
Intermediate
91.18%
1 to 3 Years
14.66%
3 to 5 Years
34.33%
5 to 10 Years
42.19%
Long Term
4.16%
10 to 20 Years
1.44%
20 to 30 Years
1.96%
Over 30 Years
0.76%
Other
2.79%
As of November 30, 2025
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