Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.88%
Stock 2.62%
Bond 84.40%
Convertible 0.00%
Preferred 8.87%
Other 2.22%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 34.94%
Corporate 56.45%
Securitized 6.64%
Municipal 0.65%
Other 1.31%
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Region Exposure

% Developed Markets: 74.89%    % Emerging Markets: 22.07%    % Unidentified Markets: 3.03%

Americas 74.06%
61.57%
Canada 1.60%
United States 59.97%
12.49%
Argentina 1.32%
Brazil 0.86%
Chile 0.95%
Colombia 1.35%
Mexico 1.83%
Peru 0.84%
Venezuela 0.00%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 15.96%
United Kingdom 2.18%
4.01%
Austria 0.10%
Belgium 0.01%
Denmark 0.01%
Finland 0.00%
France 0.55%
Germany 0.07%
Ireland 0.26%
Italy 0.11%
Netherlands 1.20%
Norway 0.09%
Spain 0.32%
Sweden 0.01%
Switzerland 0.28%
4.04%
Czech Republic 0.06%
Poland 0.60%
Turkey 1.99%
5.73%
Egypt 0.43%
Israel 0.19%
Nigeria 0.40%
Qatar 0.04%
Saudi Arabia 0.62%
South Africa 0.60%
United Arab Emirates 0.93%
Greater Asia 6.95%
Japan 0.95%
0.64%
Australia 0.64%
1.35%
Hong Kong 0.75%
Singapore 0.21%
South Korea 0.10%
Taiwan 0.02%
4.01%
China 0.65%
India 0.66%
Indonesia 0.85%
Kazakhstan 0.17%
Malaysia 0.37%
Pakistan 0.10%
Philippines 0.60%
Thailand 0.04%
Unidentified Region 3.03%

Bond Credit Quality Exposure

AAA 0.84%
AA 18.01%
A 20.66%
BBB 30.47%
BB 14.03%
B 7.01%
Below B 1.83%
    CCC 1.75%
    CC 0.03%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.04%
Not Rated 0.03%
Not Available 7.13%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
2.33%
Less than 1 Year
2.33%
Intermediate
73.03%
1 to 3 Years
11.56%
3 to 5 Years
13.14%
5 to 10 Years
48.34%
Long Term
24.08%
10 to 20 Years
8.98%
20 to 30 Years
13.35%
Over 30 Years
1.75%
Other
0.56%
As of September 30, 2025
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