Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.13%
Stock 0.00%
Bond 100.3%
Convertible 0.00%
Preferred 0.01%
Other -1.38%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 16.28%
Corporate 38.05%
Securitized 42.45%
Municipal 1.91%
Other 1.32%
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Region Exposure

% Developed Markets: 86.93%    % Emerging Markets: 7.17%    % Unidentified Markets: 5.91%

Americas 83.87%
77.25%
Canada 2.75%
United States 74.50%
6.61%
Argentina 0.02%
Brazil 0.15%
Chile 0.57%
Colombia 0.16%
Mexico 1.27%
Peru 0.51%
Venezuela 0.02%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 7.57%
United Kingdom 1.47%
3.57%
Austria 0.01%
Denmark 0.18%
France 0.00%
Germany 0.01%
Ireland 0.25%
Italy 0.39%
Netherlands 0.44%
Norway 0.17%
Spain 0.25%
Switzerland 1.08%
0.44%
Czech Republic 0.04%
Poland 0.04%
Turkey 0.29%
2.09%
Saudi Arabia 0.34%
South Africa 0.38%
United Arab Emirates 0.79%
Greater Asia 2.66%
Japan 0.54%
0.77%
Australia 0.56%
0.04%
Hong Kong 0.00%
Singapore 0.01%
South Korea 0.01%
1.31%
China 0.08%
India 0.04%
Indonesia 0.76%
Malaysia 0.06%
Philippines 0.00%
Thailand 0.05%
Unidentified Region 5.91%

Bond Credit Quality Exposure

AAA 13.02%
AA 21.46%
A 8.31%
BBB 23.28%
BB 8.87%
B 2.23%
Below B 0.04%
    CCC 0.04%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.48%
Not Available 21.31%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
0.90%
Less than 1 Year
0.90%
Intermediate
47.89%
1 to 3 Years
7.17%
3 to 5 Years
12.89%
5 to 10 Years
27.83%
Long Term
47.41%
10 to 20 Years
10.72%
20 to 30 Years
32.14%
Over 30 Years
4.56%
Other
3.81%
As of September 30, 2025
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