Asset Allocation

As of September 30, 2025.
Type % Net
Cash 4.01%
Stock 0.00%
Bond 105.8%
Convertible 0.00%
Preferred 0.00%
Other -9.82%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 15.05%
Corporate 44.60%
Securitized 39.72%
Municipal 0.30%
Other 0.33%
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Region Exposure

% Developed Markets: 104.9%    % Emerging Markets: 1.31%    % Unidentified Markets: -6.18%

Americas 87.79%
83.58%
Canada 5.88%
United States 77.70%
4.21%
Brazil 1.24%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 14.82%
United Kingdom 4.59%
10.11%
France 3.79%
Germany 0.00%
Ireland 1.95%
Italy 0.64%
Netherlands 2.24%
Norway 0.16%
Spain 0.36%
Sweden 0.36%
0.00%
0.11%
Israel 0.11%
Greater Asia 3.57%
Japan 1.36%
1.90%
Australia 1.90%
0.31%
South Korea 0.31%
0.00%
Unidentified Region -6.18%

Bond Credit Quality Exposure

AAA 20.68%
AA 6.95%
A 19.28%
BBB 22.97%
BB 2.06%
B 0.25%
Below B 0.34%
    CCC 0.33%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.11%
Not Available 27.36%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
31.78%
Less than 1 Year
31.78%
Intermediate
36.91%
1 to 3 Years
26.27%
3 to 5 Years
3.31%
5 to 10 Years
7.33%
Long Term
29.48%
10 to 20 Years
4.44%
20 to 30 Years
16.94%
Over 30 Years
8.10%
Other
1.83%
As of September 30, 2025
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