Asset Allocation

As of September 30, 2025.
Type % Net
Cash -0.38%
Stock 0.06%
Bond 92.24%
Convertible 0.00%
Preferred 0.00%
Other 8.08%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 63.70%
Corporate 28.11%
Securitized 2.46%
Municipal 0.19%
Other 5.54%
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Region Exposure

% Developed Markets: 22.66%    % Emerging Markets: 67.55%    % Unidentified Markets: 9.79%

Americas 38.42%
7.35%
Canada -0.32%
United States 7.67%
31.07%
Argentina 1.05%
Brazil 3.67%
Chile 2.63%
Colombia 4.23%
Mexico 7.78%
Peru 4.44%
Venezuela 0.18%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 33.53%
United Kingdom 2.79%
4.44%
Austria 0.11%
Denmark 0.00%
Finland 0.00%
France 0.10%
Germany 0.49%
Ireland 0.29%
Italy 0.13%
Netherlands 0.80%
Norway 0.00%
Spain 0.00%
Sweden 0.00%
Switzerland 0.02%
12.11%
Czech Republic 2.49%
Poland 3.63%
Russia 0.00%
Turkey 2.22%
14.19%
Egypt 1.55%
Israel 0.84%
Nigeria 0.99%
Qatar 0.42%
Saudi Arabia 0.90%
South Africa 5.34%
United Arab Emirates 1.82%
Greater Asia 18.26%
Japan 0.03%
-0.00%
Australia -0.00%
2.99%
Hong Kong 0.72%
Singapore 0.53%
South Korea 1.30%
15.24%
China 1.41%
India 0.63%
Indonesia 4.50%
Kazakhstan 0.50%
Malaysia 3.74%
Pakistan 0.23%
Philippines 2.59%
Thailand 0.67%
Unidentified Region 9.79%

Bond Credit Quality Exposure

AAA 1.79%
AA 9.13%
A 8.79%
BBB 25.32%
BB 24.53%
B 6.41%
Below B 2.07%
    CCC 1.77%
    CC 0.06%
    C 0.07%
    DDD 0.00%
    DD 0.00%
    D 0.17%
Not Rated 1.50%
Not Available 20.45%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
7.28%
Less than 1 Year
7.28%
Intermediate
59.04%
1 to 3 Years
11.27%
3 to 5 Years
17.73%
5 to 10 Years
30.05%
Long Term
32.91%
10 to 20 Years
19.25%
20 to 30 Years
7.68%
Over 30 Years
5.98%
Other
0.77%
As of September 30, 2025
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