Asset Allocation

As of November 30, 2025.
Type % Net
Cash 9.37%
Stock 0.00%
Bond 74.64%
Convertible 0.52%
Preferred 0.00%
Other 15.48%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 14.14%
Corporate 54.83%
Securitized 26.35%
Municipal 0.00%
Other 4.68%
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Region Exposure

% Developed Markets: 89.90%    % Emerging Markets: 11.53%    % Unidentified Markets: -1.44%

Americas 89.33%
84.35%
Canada 1.61%
United States 82.74%
4.98%
Brazil 0.72%
Chile 0.65%
Colombia 0.65%
Mexico 0.47%
Peru 0.25%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.39%
United Kingdom 0.91%
3.87%
Denmark 0.15%
Finland 0.01%
France 1.06%
Ireland 0.32%
Italy 0.29%
Netherlands 0.68%
Norway 0.12%
Spain 0.22%
Sweden 0.40%
Switzerland 0.12%
2.21%
Turkey 0.56%
2.40%
Egypt 0.44%
Israel 0.07%
Nigeria 0.15%
South Africa 0.38%
Greater Asia 2.72%
Japan 0.04%
0.10%
Australia 0.10%
0.37%
Hong Kong 0.05%
Singapore 0.32%
2.21%
China 0.07%
India 0.31%
Indonesia 0.36%
Kazakhstan 0.32%
Malaysia 0.24%
Philippines 0.22%
Unidentified Region -1.44%

Bond Credit Quality Exposure

AAA 3.63%
AA 30.85%
A 6.41%
BBB 15.95%
BB 19.00%
B 8.36%
Below B 4.34%
    CCC 3.39%
    CC 0.41%
    C 0.41%
    DDD 0.00%
    DD 0.00%
    D 0.14%
Not Rated 1.65%
Not Available 9.80%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
1.04%
Less than 1 Year
1.04%
Intermediate
53.97%
1 to 3 Years
12.67%
3 to 5 Years
21.59%
5 to 10 Years
19.71%
Long Term
44.77%
10 to 20 Years
7.85%
20 to 30 Years
32.79%
Over 30 Years
4.13%
Other
0.21%
As of November 30, 2025
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