Asset Allocation

As of November 30, 2025.
Type % Net
Cash 3.32%
Stock 0.00%
Bond 95.37%
Convertible 0.00%
Preferred 0.01%
Other 1.30%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 38.79%
Corporate 33.27%
Securitized 26.70%
Municipal 0.00%
Other 1.24%
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Region Exposure

% Developed Markets: 75.73%    % Emerging Markets: 16.04%    % Unidentified Markets: 8.23%

Americas 52.93%
43.60%
Canada 3.41%
United States 40.19%
9.34%
Argentina 0.02%
Brazil 1.20%
Chile 0.63%
Colombia 0.53%
Mexico 2.84%
Peru 2.12%
Venezuela 0.03%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 26.97%
United Kingdom 4.81%
19.09%
Austria 0.28%
Belgium 0.35%
Denmark 0.10%
Finland 0.13%
France 2.87%
Germany 0.41%
Ireland 4.53%
Italy 3.40%
Netherlands 2.14%
Norway 0.24%
Portugal 0.23%
Spain 2.02%
Sweden 0.22%
Switzerland 1.21%
1.72%
Czech Republic 0.13%
Poland 0.47%
Russia 0.02%
Turkey 0.27%
1.34%
Israel 0.00%
Saudi Arabia 0.00%
South Africa 0.42%
United Arab Emirates 0.26%
Greater Asia 11.87%
Japan 5.78%
1.64%
Australia 1.28%
0.20%
Hong Kong 0.00%
Singapore 0.18%
South Korea 0.01%
4.24%
China 0.18%
India 0.32%
Indonesia 2.10%
Malaysia 0.73%
Philippines 0.00%
Thailand 0.46%
Unidentified Region 8.23%

Bond Credit Quality Exposure

AAA 11.41%
AA 13.65%
A 13.04%
BBB 29.25%
BB 8.11%
B 4.41%
Below B 0.22%
    CCC 0.21%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.13%
Not Available 18.79%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
3.51%
Less than 1 Year
3.51%
Intermediate
52.66%
1 to 3 Years
4.63%
3 to 5 Years
16.15%
5 to 10 Years
31.88%
Long Term
42.75%
10 to 20 Years
15.49%
20 to 30 Years
23.89%
Over 30 Years
3.37%
Other
1.09%
As of November 30, 2025
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