Asset Allocation

As of September 30, 2025.
Type % Net
Cash 8.78%
Stock 0.01%
Bond 95.64%
Convertible 0.00%
Preferred 0.00%
Other -4.43%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 9.97%
Corporate 66.17%
Securitized 19.53%
Municipal 0.00%
Other 4.34%
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Region Exposure

% Developed Markets: 79.05%    % Emerging Markets: 7.26%    % Unidentified Markets: 13.69%

Americas 66.77%
55.02%
Canada 2.21%
United States 52.81%
11.76%
Colombia 1.90%
Mexico 2.91%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.34%
United Kingdom 4.26%
6.63%
France 1.92%
Germany 0.58%
Ireland 0.43%
Italy 0.49%
Netherlands 2.62%
Spain 0.58%
0.34%
Czech Republic 0.34%
2.12%
Saudi Arabia 0.69%
Greater Asia 6.20%
Japan 4.02%
0.92%
Australia 0.92%
1.26%
Hong Kong 0.69%
0.00%
Unidentified Region 13.69%

Bond Credit Quality Exposure

AAA 5.02%
AA 9.78%
A 9.34%
BBB 19.79%
BB 18.30%
B 11.15%
Below B 2.41%
    CCC 2.41%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 6.20%
Not Available 17.99%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
9.72%
Less than 1 Year
9.72%
Intermediate
50.50%
1 to 3 Years
5.65%
3 to 5 Years
16.21%
5 to 10 Years
28.65%
Long Term
34.45%
10 to 20 Years
19.57%
20 to 30 Years
7.08%
Over 30 Years
7.81%
Other
5.32%
As of September 30, 2025
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