Asset Allocation

As of September 30, 2025.
Type % Net
Cash 97.88%
Stock 0.00%
Bond 2.87%
Convertible 0.00%
Preferred 0.00%
Other -0.75%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 60.40%
Corporate 0.00%
Securitized 3.37%
Municipal 36.23%
Other 0.00%
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Region Exposure

% Developed Markets: 54.58%    % Emerging Markets: 0.00%    % Unidentified Markets: 45.42%

Americas 32.23%
31.94%
Canada 9.52%
United States 22.42%
0.29%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 17.22%
United Kingdom 5.47%
10.51%
Belgium 0.12%
Denmark 0.50%
Finland 0.43%
France 2.27%
Germany 1.16%
Ireland 0.43%
Netherlands 0.64%
Norway 0.92%
Spain 0.43%
Sweden 3.57%
0.00%
1.24%
United Arab Emirates 1.24%
Greater Asia 5.13%
Japan 0.17%
3.70%
Australia 3.70%
1.26%
Singapore 1.26%
0.00%
Unidentified Region 45.42%

Bond Credit Quality Exposure

AAA 6.08%
AA 26.18%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 67.73%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
64.43%
Less than 1 Year
64.43%
Intermediate
6.16%
1 to 3 Years
0.00%
3 to 5 Years
5.04%
5 to 10 Years
1.12%
Long Term
29.41%
10 to 20 Years
0.00%
20 to 30 Years
26.95%
Over 30 Years
2.46%
Other
0.00%
As of September 30, 2025
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