Asset Allocation

As of June 30, 2025.
Type % Net
Cash -1.70%
Stock 0.00%
Bond 94.64%
Convertible 0.00%
Preferred 0.00%
Other 7.06%
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Bond Sector Exposure

As of June 30, 2025
Type % Net
Government 14.80%
Corporate 79.15%
Securitized 1.59%
Municipal 0.00%
Other 4.46%
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Region Exposure

% Developed Markets: 52.50%    % Emerging Markets: 42.63%    % Unidentified Markets: 4.87%

Americas 38.12%
12.70%
Canada 2.40%
United States 10.30%
25.42%
Argentina 1.27%
Brazil 2.32%
Chile 3.68%
Colombia 2.63%
Mexico 3.97%
Peru 4.32%
As of June 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 34.18%
United Kingdom 6.80%
8.33%
Austria 0.46%
France 0.18%
Ireland 0.39%
Italy 0.20%
Netherlands 2.34%
4.24%
Czech Republic 0.92%
Poland 0.32%
Turkey 2.82%
14.82%
Egypt 0.93%
Israel 1.83%
Nigeria 0.77%
Qatar 0.33%
Saudi Arabia 1.69%
South Africa 1.35%
United Arab Emirates 6.07%
Greater Asia 22.83%
Japan 0.00%
0.00%
12.26%
Hong Kong 3.04%
Singapore 1.91%
South Korea 5.39%
10.57%
China 1.35%
India 2.44%
Indonesia 1.55%
Kazakhstan 1.48%
Malaysia 0.82%
Pakistan 0.31%
Philippines 0.92%
Thailand 0.00%
Unidentified Region 4.87%

Bond Credit Quality Exposure

AAA 0.24%
AA 10.36%
A 11.56%
BBB 30.59%
BB 27.08%
B 9.18%
Below B 1.46%
    CCC 1.46%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.35%
Not Available 8.19%
Short Term 0.00%
As of June 30, 2025
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Bond Maturity Exposure

Short Term
7.03%
Less than 1 Year
7.03%
Intermediate
72.92%
1 to 3 Years
20.89%
3 to 5 Years
23.03%
5 to 10 Years
29.00%
Long Term
18.72%
10 to 20 Years
9.54%
20 to 30 Years
5.70%
Over 30 Years
3.48%
Other
1.32%
As of June 30, 2025
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