Asset Allocation

As of September 30, 2025.
Type % Net
Cash -0.81%
Stock 0.42%
Bond 102.1%
Convertible 0.00%
Preferred 0.03%
Other -1.69%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 2.95%
Corporate 61.01%
Securitized 27.04%
Municipal 0.00%
Other 9.00%
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Region Exposure

% Developed Markets: 91.77%    % Emerging Markets: 0.44%    % Unidentified Markets: 7.79%

Americas 86.73%
81.28%
Canada 0.84%
United States 80.44%
5.45%
Brazil 0.00%
Mexico 0.15%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.63%
United Kingdom 1.45%
3.10%
Austria 0.22%
France 0.12%
Germany 0.51%
Ireland 0.21%
Italy 0.19%
Netherlands 0.77%
Spain 0.24%
Sweden 0.18%
Switzerland 0.15%
0.00%
0.09%
Israel 0.01%
South Africa 0.06%
United Arab Emirates 0.01%
Greater Asia 0.85%
Japan 0.48%
0.30%
Australia 0.30%
0.01%
Hong Kong 0.01%
0.06%
China 0.06%
Unidentified Region 7.79%

Bond Credit Quality Exposure

AAA 0.72%
AA 5.18%
A 5.37%
BBB 23.09%
BB 24.16%
B 15.09%
Below B 1.94%
    CCC 1.68%
    CC 0.11%
    C 0.03%
    DDD 0.00%
    DD 0.00%
    D 0.12%
Not Rated 5.97%
Not Available 18.49%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
4.82%
Less than 1 Year
4.82%
Intermediate
62.41%
1 to 3 Years
11.41%
3 to 5 Years
18.93%
5 to 10 Years
32.07%
Long Term
30.91%
10 to 20 Years
14.37%
20 to 30 Years
10.59%
Over 30 Years
5.96%
Other
1.87%
As of September 30, 2025
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