Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.59%
Stock 0.26%
Bond 92.12%
Convertible 0.00%
Preferred 0.00%
Other 6.03%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 21.89%
Corporate 47.24%
Securitized 27.99%
Municipal 1.65%
Other 1.24%
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Region Exposure

% Developed Markets: 117.4%    % Emerging Markets: 2.12%    % Unidentified Markets: -19.47%

Americas 104.8%
103.5%
Canada 1.44%
United States 102.0%
1.27%
Mexico 0.26%
Peru 1.01%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 11.59%
United Kingdom 4.71%
5.61%
Belgium 0.43%
France 1.60%
Ireland 0.61%
Italy 0.12%
Netherlands 1.48%
Spain 0.12%
Switzerland 0.95%
0.42%
Czech Republic 0.15%
0.85%
Saudi Arabia 0.28%
United Arab Emirates 0.45%
Greater Asia 3.13%
Japan 2.30%
0.67%
Australia 0.67%
0.00%
0.15%
Unidentified Region -19.47%

Bond Credit Quality Exposure

AAA 3.93%
AA 44.60%
A 17.20%
BBB 19.32%
BB 1.50%
B 0.18%
Below B 0.06%
    CCC 0.02%
    CC 0.03%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.32%
Not Available 12.89%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
3.14%
Less than 1 Year
3.14%
Intermediate
38.82%
1 to 3 Years
11.18%
3 to 5 Years
17.00%
5 to 10 Years
10.64%
Long Term
52.36%
10 to 20 Years
8.78%
20 to 30 Years
22.21%
Over 30 Years
21.36%
Other
5.68%
As of September 30, 2025
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