Asset Allocation

As of September 30, 2025.
Type % Net
Cash -6.57%
Stock 4.57%
Bond 98.96%
Convertible 0.00%
Preferred 0.00%
Other 3.04%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 71.65%
Corporate 3.33%
Securitized 22.54%
Municipal 0.00%
Other 2.47%
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Region Exposure

% Developed Markets: 110.0%    % Emerging Markets: 6.56%    % Unidentified Markets: -16.61%

Americas 103.6%
98.08%
Canada 0.11%
United States 97.96%
5.57%
Brazil 3.10%
Chile 0.10%
Colombia 0.20%
Mexico 0.56%
Peru 0.28%
Venezuela 0.01%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.50%
United Kingdom 0.26%
6.84%
Denmark 1.39%
Finland 0.00%
France 1.99%
Germany 0.03%
Ireland 2.37%
Italy 0.29%
Netherlands 0.63%
Norway 0.01%
Spain 0.02%
Sweden 0.04%
Switzerland 0.02%
0.50%
Czech Republic 0.05%
Poland 0.17%
Turkey 0.10%
0.89%
Egypt 0.12%
Israel 0.10%
Nigeria 0.08%
Qatar 0.01%
South Africa 0.43%
Greater Asia 4.47%
Japan 3.49%
0.07%
Australia 0.07%
0.04%
Singapore 0.03%
South Korea 0.01%
0.86%
China 0.01%
India 0.01%
Indonesia 0.00%
Kazakhstan 0.01%
Malaysia 0.61%
Philippines 0.17%
Unidentified Region -16.61%

Bond Credit Quality Exposure

AAA 6.23%
AA 64.92%
A 5.37%
BBB 2.08%
BB 3.74%
B 0.26%
Below B 1.38%
    CCC 1.07%
    CC 0.19%
    C 0.13%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.35%
Not Available 15.68%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
8.13%
Less than 1 Year
8.13%
Intermediate
52.15%
1 to 3 Years
11.42%
3 to 5 Years
15.69%
5 to 10 Years
25.03%
Long Term
38.10%
10 to 20 Years
7.19%
20 to 30 Years
19.19%
Over 30 Years
11.73%
Other
1.62%
As of September 30, 2025
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