Asset Allocation

As of June 30, 2025.
Type % Net
Cash 1.83%
Stock 4.19%
Bond 90.77%
Convertible 0.00%
Preferred 3.95%
Other -0.74%
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Bond Sector Exposure

As of June 30, 2025
Type % Net
Government 1.35%
Corporate 46.86%
Securitized 21.23%
Municipal 4.08%
Other 26.48%
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Region Exposure

% Developed Markets: 90.45%    % Emerging Markets: 0.13%    % Unidentified Markets: 9.42%

Americas 87.06%
86.79%
Canada 4.71%
United States 82.08%
0.27%
Argentina 0.01%
Brazil 0.01%
Colombia 0.02%
Peru 0.01%
As of June 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.49%
United Kingdom 1.88%
1.57%
Austria 0.00%
France 0.05%
Germany 0.03%
Greece 0.57%
Ireland 0.02%
Italy 0.01%
Netherlands 0.07%
Sweden 0.00%
Switzerland 0.72%
0.01%
Poland 0.01%
Russia 0.00%
0.01%
Greater Asia 0.03%
Japan 0.01%
0.00%
0.02%
0.00%
China 0.00%
Unidentified Region 9.42%

Bond Credit Quality Exposure

AAA 0.18%
AA 3.36%
A 3.94%
BBB 40.92%
BB 27.00%
B 10.57%
Below B 0.44%
    CCC 0.36%
    CC 0.02%
    C 0.02%
    DDD 0.00%
    DD 0.00%
    D 0.04%
Not Rated 5.13%
Not Available 8.47%
Short Term 0.00%
As of June 30, 2025
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Bond Maturity Exposure

Short Term
2.33%
Less than 1 Year
2.33%
Intermediate
40.82%
1 to 3 Years
12.74%
3 to 5 Years
18.23%
5 to 10 Years
9.85%
Long Term
46.12%
10 to 20 Years
12.51%
20 to 30 Years
25.78%
Over 30 Years
7.82%
Other
10.74%
As of June 30, 2025
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