Asset Allocation

As of July 31, 2025.
Type % Net
Cash 3.93%
Stock 0.50%
Bond 93.12%
Convertible 0.00%
Preferred 1.39%
Other 1.05%
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Bond Sector Exposure

As of July 31, 2025
Type % Net
Government 41.24%
Corporate 7.40%
Securitized 46.77%
Municipal 0.08%
Other 4.51%
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Region Exposure

% Developed Markets: 77.98%    % Emerging Markets: 7.30%    % Unidentified Markets: 14.72%

Americas 79.49%
75.86%
Canada 0.25%
United States 75.60%
3.63%
Argentina 0.24%
Brazil 0.29%
Chile 0.27%
Colombia 0.28%
Mexico 0.47%
Peru 0.24%
As of July 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 4.12%
United Kingdom 0.14%
0.28%
Belgium 0.00%
Denmark 0.01%
France 0.01%
Germany 0.03%
Ireland 0.10%
Netherlands 0.03%
Sweden 0.00%
Switzerland 0.00%
1.36%
Poland 0.28%
Turkey 0.40%
2.33%
Egypt 0.23%
Israel 0.03%
Nigeria 0.17%
Qatar 0.09%
Saudi Arabia 0.32%
South Africa 0.23%
United Arab Emirates 0.34%
Greater Asia 1.68%
Japan 0.08%
0.06%
Australia 0.06%
0.23%
Hong Kong 0.15%
Singapore 0.08%
1.31%
China 0.20%
India 0.08%
Indonesia 0.38%
Kazakhstan 0.07%
Malaysia 0.16%
Pakistan 0.04%
Philippines 0.28%
Unidentified Region 14.72%

Bond Credit Quality Exposure

AAA 1.95%
AA 36.24%
A 3.13%
BBB 5.56%
BB 5.71%
B 4.82%
Below B 13.11%
    CCC 7.98%
    CC 2.09%
    C 1.09%
    DDD 0.00%
    DD 0.00%
    D 1.94%
Not Rated 10.61%
Not Available 18.88%
Short Term 0.00%
As of July 31, 2025
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Bond Maturity Exposure

Short Term
4.09%
Less than 1 Year
4.09%
Intermediate
22.28%
1 to 3 Years
7.03%
3 to 5 Years
5.96%
5 to 10 Years
9.29%
Long Term
73.03%
10 to 20 Years
27.37%
20 to 30 Years
31.91%
Over 30 Years
13.76%
Other
0.59%
As of July 31, 2025
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