Asset Allocation

As of November 30, 2025.
Type % Net
Cash 3.58%
Stock 0.00%
Bond 87.82%
Convertible 0.00%
Preferred 7.44%
Other 1.16%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 11.67%
Corporate 61.79%
Securitized 4.54%
Municipal 0.89%
Other 21.11%
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Region Exposure

% Developed Markets: 81.59%    % Emerging Markets: 6.88%    % Unidentified Markets: 11.52%

Americas 71.34%
67.66%
Canada 14.12%
United States 53.54%
3.68%
Brazil 2.90%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.13%
United Kingdom 5.22%
3.91%
Finland 0.24%
France 1.14%
Ireland 0.91%
Netherlands 0.64%
Norway 0.57%
0.00%
0.00%
Greater Asia 8.00%
Japan 0.00%
4.40%
Australia 2.38%
0.00%
3.60%
China 0.34%
Indonesia 1.92%
Philippines 1.35%
Unidentified Region 11.52%

Bond Credit Quality Exposure

AAA 6.10%
AA 3.37%
A 0.86%
BBB 36.12%
BB 18.73%
B 3.42%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 31.40%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
0.55%
Less than 1 Year
0.55%
Intermediate
52.31%
1 to 3 Years
8.22%
3 to 5 Years
11.15%
5 to 10 Years
32.94%
Long Term
38.85%
10 to 20 Years
5.36%
20 to 30 Years
19.62%
Over 30 Years
13.87%
Other
8.30%
As of November 30, 2025
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