Asset Allocation

As of November 30, 2025.
Type % Net
Cash 26.36%
Stock 1.28%
Bond 63.30%
Convertible 0.00%
Preferred 0.00%
Other 9.06%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 44.80%
Corporate 15.12%
Securitized 34.19%
Municipal 0.04%
Other 5.85%
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Region Exposure

% Developed Markets: 71.62%    % Emerging Markets: 8.43%    % Unidentified Markets: 19.95%

Americas 69.10%
62.07%
Canada 0.19%
United States 61.88%
7.03%
Argentina 0.43%
Brazil 0.13%
Colombia 0.01%
Mexico 0.14%
Peru 0.12%
Venezuela 0.11%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.01%
United Kingdom 1.35%
3.20%
Denmark 0.00%
Finland 0.00%
France 0.08%
Germany 0.00%
Greece 0.01%
Ireland 2.44%
Italy 0.01%
Netherlands 0.44%
Norway 0.00%
Spain 0.01%
Sweden 0.00%
Switzerland 0.12%
0.31%
Russia 0.02%
Turkey 0.05%
4.15%
Egypt 0.35%
Israel 0.04%
Nigeria 0.34%
Saudi Arabia 0.01%
South Africa 0.07%
United Arab Emirates 0.02%
Greater Asia 1.94%
Japan 0.04%
0.01%
Australia 0.01%
0.16%
Singapore 0.16%
1.74%
China 0.00%
Kazakhstan 0.37%
Pakistan 0.28%
Philippines 0.07%
Unidentified Region 19.95%

Bond Credit Quality Exposure

AAA 7.98%
AA 18.57%
A 2.83%
BBB 6.44%
BB 4.00%
B 4.48%
Below B 4.11%
    CCC 3.38%
    CC 0.35%
    C 0.18%
    DDD 0.00%
    DD 0.00%
    D 0.19%
Not Rated 5.68%
Not Available 45.92%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
31.31%
Less than 1 Year
31.31%
Intermediate
29.08%
1 to 3 Years
9.09%
3 to 5 Years
6.67%
5 to 10 Years
13.32%
Long Term
36.79%
10 to 20 Years
14.55%
20 to 30 Years
9.69%
Over 30 Years
12.55%
Other
2.82%
As of November 30, 2025
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