Asset Allocation

As of September 30, 2025.
Type % Net
Cash 4.92%
Stock 0.80%
Bond 94.83%
Convertible 0.36%
Preferred 0.00%
Other -0.90%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 2.65%
Corporate 30.72%
Securitized 65.48%
Municipal 0.00%
Other 1.14%
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Region Exposure

% Developed Markets: 83.85%    % Emerging Markets: 1.54%    % Unidentified Markets: 14.60%

Americas 81.99%
78.92%
Canada 0.70%
United States 78.23%
3.07%
Colombia 0.31%
Mexico 0.65%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.30%
United Kingdom 0.91%
1.59%
France 0.99%
Germany 0.12%
Ireland 0.05%
Italy 0.01%
Netherlands 0.27%
Spain 0.05%
0.00%
0.80%
Egypt 0.14%
Qatar 0.26%
South Africa 0.05%
United Arab Emirates 0.26%
Greater Asia 0.10%
Japan 0.03%
0.00%
0.00%
0.07%
India 0.07%
Unidentified Region 14.60%

Bond Credit Quality Exposure

AAA 7.11%
AA 17.65%
A 8.89%
BBB 9.12%
BB 5.28%
B 3.59%
Below B 1.21%
    CCC 1.16%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.05%
Not Rated 0.78%
Not Available 46.36%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
1.85%
Less than 1 Year
1.85%
Intermediate
35.28%
1 to 3 Years
4.08%
3 to 5 Years
9.60%
5 to 10 Years
21.60%
Long Term
60.83%
10 to 20 Years
5.76%
20 to 30 Years
47.36%
Over 30 Years
7.71%
Other
2.05%
As of September 30, 2025
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