Asset Allocation

As of November 30, 2025.
Type % Net
Cash 0.96%
Stock 0.00%
Bond 97.29%
Convertible 0.00%
Preferred 0.00%
Other 1.75%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 8.10%
Corporate 66.20%
Securitized 22.84%
Municipal 2.16%
Other 0.71%
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Region Exposure

% Developed Markets: 102.7%    % Emerging Markets: 0.23%    % Unidentified Markets: -2.91%

Americas 96.85%
95.86%
Canada 0.92%
United States 94.94%
0.99%
Mexico 0.23%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.55%
United Kingdom 1.44%
3.10%
France 0.06%
Germany 0.48%
Ireland 1.75%
Netherlands 0.25%
Norway 0.23%
0.00%
0.00%
Greater Asia 1.51%
Japan 0.00%
1.38%
Australia 1.38%
0.14%
Singapore 0.14%
0.00%
Unidentified Region -2.91%

Bond Credit Quality Exposure

AAA 9.40%
AA 23.77%
A 21.46%
BBB 37.05%
BB 1.23%
B 0.54%
Below B 1.11%
    CCC 0.95%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.15%
Not Rated 0.62%
Not Available 4.82%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
1.31%
Less than 1 Year
1.31%
Intermediate
66.83%
1 to 3 Years
6.26%
3 to 5 Years
9.07%
5 to 10 Years
51.50%
Long Term
31.76%
10 to 20 Years
13.02%
20 to 30 Years
14.94%
Over 30 Years
3.81%
Other
0.10%
As of November 30, 2025
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