Asset Allocation

As of September 30, 2025.
Type % Net
Cash 2.90%
Stock 1.62%
Bond 94.32%
Convertible 0.01%
Preferred 0.72%
Other 0.43%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 32.87%
Corporate 32.42%
Securitized 29.19%
Municipal 1.23%
Other 4.29%
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Region Exposure

% Developed Markets: 72.06%    % Emerging Markets: 23.10%    % Unidentified Markets: 4.83%

Americas 55.27%
46.81%
Canada 0.39%
United States 46.42%
8.46%
Argentina 0.08%
Brazil 1.09%
Chile 0.30%
Colombia 0.90%
Mexico 3.13%
Peru 0.28%
Venezuela 0.02%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 26.64%
United Kingdom 4.46%
15.34%
Austria 0.09%
Belgium 0.03%
Denmark 0.07%
Finland 0.05%
France 2.79%
Germany 0.87%
Greece 0.30%
Ireland 2.00%
Italy 1.65%
Netherlands 1.30%
Norway 0.04%
Portugal 0.05%
Spain 4.73%
Sweden 0.04%
Switzerland 0.19%
3.32%
Czech Republic 0.96%
Poland 1.61%
Turkey 0.12%
3.52%
Egypt 0.47%
Israel 0.00%
Nigeria 0.28%
Qatar 0.02%
Saudi Arabia 0.12%
South Africa 1.65%
United Arab Emirates 0.06%
Greater Asia 13.26%
Japan 1.93%
0.66%
Australia 0.66%
0.92%
Hong Kong 0.24%
Singapore 0.29%
South Korea 0.16%
Taiwan 0.00%
9.75%
China 6.10%
India 0.48%
Indonesia 1.32%
Kazakhstan 0.00%
Malaysia 0.16%
Pakistan 0.07%
Philippines 0.64%
Thailand 0.78%
Unidentified Region 4.83%

Bond Credit Quality Exposure

AAA 12.16%
AA 17.23%
A 9.94%
BBB 13.32%
BB 13.03%
B 6.65%
Below B 0.93%
    CCC 0.76%
    CC 0.11%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.05%
Not Rated 1.34%
Not Available 25.40%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
4.21%
Less than 1 Year
4.21%
Intermediate
50.70%
1 to 3 Years
8.01%
3 to 5 Years
17.43%
5 to 10 Years
25.26%
Long Term
44.04%
10 to 20 Years
14.84%
20 to 30 Years
22.52%
Over 30 Years
6.68%
Other
1.05%
As of September 30, 2025
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