Asset Allocation

As of November 30, 2025.
Type % Net
Cash -13.83%
Stock 0.00%
Bond 95.95%
Convertible 0.00%
Preferred 0.00%
Other 17.88%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 33.51%
Corporate 40.44%
Securitized 24.78%
Municipal 0.00%
Other 1.27%
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Region Exposure

% Developed Markets: 97.65%    % Emerging Markets: 6.95%    % Unidentified Markets: -4.60%

Americas 70.30%
65.37%
Canada 1.18%
United States 64.19%
4.92%
Brazil 0.27%
Chile 0.36%
Colombia 0.31%
Mexico 0.65%
Peru 0.25%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 22.05%
United Kingdom 1.51%
18.92%
Austria 0.46%
Belgium 2.14%
Denmark 0.19%
Finland 0.18%
France 5.08%
Germany 0.98%
Ireland 1.10%
Italy 3.33%
Netherlands 1.08%
Norway 0.17%
Portugal 0.15%
Spain 2.27%
Sweden 0.42%
Switzerland 0.95%
1.07%
Poland 0.30%
Turkey 0.18%
0.55%
South Africa 0.29%
Greater Asia 12.25%
Japan 8.96%
1.02%
Australia 0.92%
0.10%
Singapore 0.10%
2.17%
India 0.12%
Indonesia 0.47%
Kazakhstan 0.24%
Malaysia 0.44%
Philippines 0.18%
Thailand 0.47%
Unidentified Region -4.60%

Bond Credit Quality Exposure

AAA 10.76%
AA 17.66%
A 26.34%
BBB 26.81%
BB 3.88%
B 0.85%
Below B 0.79%
    CCC 0.70%
    CC 0.00%
    C 0.09%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.78%
Not Available 12.15%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
4.70%
Less than 1 Year
4.70%
Intermediate
50.07%
1 to 3 Years
14.02%
3 to 5 Years
15.05%
5 to 10 Years
21.00%
Long Term
44.64%
10 to 20 Years
12.83%
20 to 30 Years
27.26%
Over 30 Years
4.55%
Other
0.59%
As of November 30, 2025
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