Asset Allocation

As of September 30, 2025.
Type % Net
Cash 14.28%
Stock 0.00%
Bond 86.76%
Convertible 0.00%
Preferred 0.00%
Other -1.04%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 33.89%
Corporate 47.65%
Securitized 11.29%
Municipal 0.00%
Other 7.17%
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Region Exposure

% Developed Markets: 61.08%    % Emerging Markets: 20.16%    % Unidentified Markets: 18.75%

Americas 72.42%
49.85%
Canada 4.06%
United States 45.79%
22.57%
Argentina 2.23%
Brazil 7.12%
Colombia 0.92%
Mexico 8.98%
Peru 0.32%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.83%
United Kingdom 3.23%
2.36%
Netherlands 0.60%
0.00%
2.24%
Egypt 0.43%
Israel 1.82%
Greater Asia 1.00%
Japan 0.09%
0.79%
Australia 0.79%
0.11%
Singapore 0.11%
0.00%
Unidentified Region 18.75%

Bond Credit Quality Exposure

AAA 1.85%
AA 13.56%
A 4.81%
BBB 25.73%
BB 31.19%
B 15.50%
Below B 1.91%
    CCC 1.90%
    CC 0.00%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 5.45%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
3.83%
Less than 1 Year
3.83%
Intermediate
60.01%
1 to 3 Years
20.43%
3 to 5 Years
13.24%
5 to 10 Years
26.34%
Long Term
34.07%
10 to 20 Years
12.03%
20 to 30 Years
22.05%
Over 30 Years
0.00%
Other
2.09%
As of September 30, 2025
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