Asset Allocation

As of June 30, 2025.
Type % Net
Cash 12.89%
Stock -0.11%
Bond 110.1%
Convertible 0.00%
Preferred -9.50%
Other -13.42%
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Bond Sector Exposure

As of June 30, 2025
Type % Net
Government 21.68%
Corporate 8.09%
Securitized 3.41%
Municipal 64.50%
Other 2.31%
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Region Exposure

% Developed Markets: 107.3%    % Emerging Markets: 5.32%    % Unidentified Markets: -12.63%

Americas 106.4%
101.8%
Canada 1.32%
United States 100.5%
4.62%
Argentina 0.17%
Brazil 0.33%
Chile 0.03%
Colombia 0.38%
Mexico 0.93%
Peru 0.24%
Venezuela 0.04%
As of June 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.12%
United Kingdom 0.93%
2.24%
Austria 0.00%
France 1.04%
Germany 0.03%
Ireland 0.09%
Netherlands 0.19%
Spain 0.67%
Switzerland 0.11%
0.75%
Czech Republic 0.00%
Poland 0.18%
Turkey 0.10%
1.19%
Egypt 0.43%
Israel 0.10%
Nigeria 0.03%
Qatar 0.02%
Saudi Arabia 0.00%
South Africa 0.31%
United Arab Emirates 0.01%
Greater Asia 1.12%
Japan 0.00%
0.01%
Australia 0.01%
0.10%
Hong Kong 0.00%
Singapore 0.00%
South Korea 0.00%
1.01%
China -0.16%
India 0.00%
Indonesia 0.30%
Kazakhstan 0.12%
Malaysia 0.07%
Philippines 0.14%
Thailand 0.11%
Unidentified Region -12.63%

Bond Credit Quality Exposure

AAA 4.56%
AA 36.45%
A 13.82%
BBB 15.77%
BB 9.20%
B 1.75%
Below B 0.72%
    CCC 0.64%
    CC 0.02%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.04%
Not Rated 3.47%
Not Available 14.26%
Short Term 0.00%
As of June 30, 2025
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Bond Maturity Exposure

Short Term
11.73%
Less than 1 Year
11.73%
Intermediate
18.34%
1 to 3 Years
4.52%
3 to 5 Years
4.15%
5 to 10 Years
9.67%
Long Term
67.74%
10 to 20 Years
19.25%
20 to 30 Years
36.83%
Over 30 Years
11.67%
Other
2.19%
As of June 30, 2025
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