Asset Allocation

As of November 30, 2025.
Type % Net
Cash 89.51%
Stock 0.00%
Bond 9.43%
Convertible 0.00%
Preferred 0.00%
Other 1.06%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 14.35%
Corporate 0.01%
Securitized 41.50%
Municipal 27.41%
Other 16.73%
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Region Exposure

% Developed Markets: 73.97%    % Emerging Markets: 0.00%    % Unidentified Markets: 26.03%

Americas 43.84%
41.98%
Canada 6.22%
United States 35.76%
1.86%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 24.63%
United Kingdom 7.22%
16.84%
France 3.17%
Ireland 10.26%
Netherlands 1.30%
0.00%
0.58%
Greater Asia 5.50%
Japan 0.00%
1.66%
Australia 1.66%
3.84%
Hong Kong 1.07%
Singapore 2.77%
0.00%
Unidentified Region 26.03%

Bond Credit Quality Exposure

AAA 0.00%
AA 14.63%
A 2.95%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 10.49%
Not Available 71.93%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
70.11%
Less than 1 Year
70.11%
Intermediate
20.40%
1 to 3 Years
8.79%
3 to 5 Years
2.31%
5 to 10 Years
9.30%
Long Term
9.49%
10 to 20 Years
9.49%
20 to 30 Years
0.00%
Over 30 Years
0.00%
Other
0.00%
As of November 30, 2025
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