Asset Allocation

As of September 30, 2025.
Type % Net
Cash -15.59%
Stock 0.70%
Bond 98.48%
Convertible 0.00%
Preferred 0.43%
Other 15.98%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 19.54%
Corporate 30.93%
Securitized 46.39%
Municipal 0.64%
Other 2.50%
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Region Exposure

% Developed Markets: 82.55%    % Emerging Markets: 4.74%    % Unidentified Markets: 12.71%

Americas 81.08%
75.67%
Canada 0.15%
United States 75.52%
5.41%
Argentina 0.07%
Brazil 0.92%
Chile 0.15%
Colombia 0.31%
Mexico 0.97%
Peru 0.20%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.32%
United Kingdom 0.89%
2.35%
Austria 0.05%
Belgium 0.01%
Denmark 0.00%
Finland 0.01%
France 0.32%
Germany 0.19%
Ireland 0.45%
Italy 0.24%
Netherlands 0.60%
Norway 0.03%
Portugal 0.02%
Spain 0.06%
Sweden 0.03%
Switzerland -0.01%
0.28%
Czech Republic 0.01%
Poland 0.05%
Turkey 0.17%
0.80%
Egypt 0.00%
Israel 0.10%
South Africa 0.22%
United Arab Emirates 0.05%
Greater Asia 1.88%
Japan 0.63%
0.04%
Australia 0.04%
0.50%
Hong Kong 0.12%
Singapore 0.15%
South Korea 0.00%
Taiwan 0.00%
0.71%
China 0.00%
India 0.28%
Indonesia 0.15%
Kazakhstan 0.10%
Malaysia 0.01%
Philippines 0.13%
Thailand 0.00%
Unidentified Region 12.71%

Bond Credit Quality Exposure

AAA 9.57%
AA 33.22%
A 6.08%
BBB 17.61%
BB 6.24%
B 2.01%
Below B 1.06%
    CCC 0.77%
    CC 0.15%
    C 0.11%
    DDD 0.00%
    DD 0.00%
    D 0.04%
Not Rated 2.53%
Not Available 21.68%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
1.29%
Less than 1 Year
1.29%
Intermediate
36.03%
1 to 3 Years
7.65%
3 to 5 Years
11.90%
5 to 10 Years
16.47%
Long Term
61.93%
10 to 20 Years
18.47%
20 to 30 Years
36.38%
Over 30 Years
7.08%
Other
0.75%
As of September 30, 2025
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