Asset Allocation

As of June 30, 2025.
Type % Net
Cash 1.15%
Stock 0.73%
Bond 91.99%
Convertible 0.00%
Preferred 0.00%
Other 6.14%
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Bond Sector Exposure

As of June 30, 2025
Type % Net
Government 49.28%
Corporate 23.04%
Securitized 24.93%
Municipal 1.80%
Other 0.94%
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Region Exposure

% Developed Markets: 104.8%    % Emerging Markets: 19.50%    % Unidentified Markets: -24.31%

Americas 75.02%
69.32%
Canada 3.79%
United States 65.53%
5.70%
Argentina 0.03%
Chile 0.65%
Colombia 0.40%
Mexico 0.51%
Peru 2.41%
As of June 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 33.27%
United Kingdom 3.93%
17.15%
Denmark 0.63%
France 6.34%
Ireland 2.48%
Italy 1.22%
Netherlands 1.85%
Norway 0.17%
Spain 3.31%
Switzerland 0.51%
5.89%
Czech Republic 0.18%
Poland 1.02%
6.30%
Israel 0.61%
Nigeria 0.04%
Qatar 0.12%
Saudi Arabia 2.91%
South Africa 2.20%
United Arab Emirates 0.20%
Greater Asia 16.02%
Japan 7.54%
2.43%
Australia 2.29%
2.38%
Singapore 1.16%
South Korea 1.02%
3.67%
China 0.26%
India 0.20%
Indonesia 0.42%
Kazakhstan 0.44%
Malaysia 1.00%
Philippines 0.90%
Thailand 0.44%
Unidentified Region -24.31%

Bond Credit Quality Exposure

AAA 10.31%
AA 40.15%
A 13.63%
BBB 13.05%
BB 3.93%
B 0.57%
Below B 2.75%
    CCC 2.08%
    CC 0.38%
    C 0.29%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.40%
Not Available 14.21%
Short Term 0.00%
As of June 30, 2025
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Bond Maturity Exposure

Short Term
1.63%
Less than 1 Year
1.63%
Intermediate
45.77%
1 to 3 Years
8.61%
3 to 5 Years
12.64%
5 to 10 Years
24.52%
Long Term
33.54%
10 to 20 Years
11.17%
20 to 30 Years
13.16%
Over 30 Years
9.21%
Other
19.06%
As of June 30, 2025
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