Asset Allocation

As of September 30, 2025.
Type % Net
Cash 3.93%
Stock 0.13%
Bond 98.65%
Convertible 0.00%
Preferred 0.04%
Other -2.75%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 1.99%
Corporate 94.20%
Securitized 1.08%
Municipal 0.00%
Other 2.73%
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Region Exposure

% Developed Markets: 96.02%    % Emerging Markets: 0.20%    % Unidentified Markets: 3.79%

Americas 84.46%
83.50%
Canada 2.08%
United States 81.42%
0.96%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.02%
United Kingdom 4.20%
6.83%
France 1.01%
Germany 0.57%
Ireland 1.34%
Italy 0.61%
Netherlands 0.95%
Spain 0.30%
Sweden 0.07%
Switzerland 0.55%
0.00%
0.00%
Greater Asia 0.73%
Japan 0.09%
0.45%
Australia 0.45%
0.20%
Singapore 0.20%
0.00%
Unidentified Region 3.79%

Bond Credit Quality Exposure

AAA 0.01%
AA 1.22%
A 0.00%
BBB 3.21%
BB 47.62%
B 33.04%
Below B 11.82%
    CCC 11.38%
    CC 0.09%
    C 0.09%
    DDD 0.00%
    DD 0.00%
    D 0.26%
Not Rated 0.25%
Not Available 2.83%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
2.27%
Less than 1 Year
2.27%
Intermediate
92.21%
1 to 3 Years
16.02%
3 to 5 Years
41.26%
5 to 10 Years
34.93%
Long Term
2.56%
10 to 20 Years
1.43%
20 to 30 Years
0.85%
Over 30 Years
0.28%
Other
2.96%
As of September 30, 2025
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