Asset Allocation

As of September 30, 2025.
Type % Net
Cash 14.62%
Stock 0.00%
Bond 87.58%
Convertible 0.00%
Preferred 0.00%
Other -2.20%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 33.63%
Corporate 4.63%
Securitized 60.71%
Municipal 0.00%
Other 1.03%
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Region Exposure

% Developed Markets: 129.1%    % Emerging Markets: 7.15%    % Unidentified Markets: -36.21%

Americas 131.9%
127.2%
Canada -0.06%
United States 127.2%
4.76%
Colombia 0.21%
Mexico 0.52%
Peru 3.96%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.82%
United Kingdom 0.30%
1.14%
Denmark 0.01%
Finland 0.00%
France 0.01%
Germany 0.02%
Ireland 0.52%
Italy 0.00%
Netherlands 0.02%
Norway 0.00%
Sweden 0.05%
Switzerland 0.00%
0.24%
Turkey 0.00%
2.14%
South Africa 1.94%
Greater Asia 0.46%
Japan 0.43%
0.02%
Australia 0.02%
0.00%
0.01%
Philippines 0.01%
Unidentified Region -36.21%

Bond Credit Quality Exposure

AAA 3.70%
AA 50.12%
A 0.93%
BBB 5.93%
BB 2.25%
B 0.22%
Below B 8.12%
    CCC 6.31%
    CC 0.91%
    C 0.29%
    DDD 0.00%
    DD 0.00%
    D 0.61%
Not Rated 5.68%
Not Available 23.04%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
11.41%
Less than 1 Year
11.41%
Intermediate
19.29%
1 to 3 Years
2.76%
3 to 5 Years
5.70%
5 to 10 Years
10.84%
Long Term
55.86%
10 to 20 Years
21.73%
20 to 30 Years
9.42%
Over 30 Years
24.70%
Other
13.43%
As of September 30, 2025
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