Asset Allocation

As of September 30, 2025.
Type % Net
Cash 6.74%
Stock 0.00%
Bond 91.05%
Convertible 0.00%
Preferred 0.00%
Other 2.20%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 0.03%
Corporate 94.64%
Securitized 0.53%
Municipal 0.00%
Other 4.81%
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Region Exposure

% Developed Markets: 91.57%    % Emerging Markets: 0.65%    % Unidentified Markets: 7.78%

Americas 83.39%
80.85%
Canada 3.50%
United States 77.35%
2.54%
Chile 0.23%
Mexico 0.41%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 6.76%
United Kingdom 3.51%
3.25%
Austria 0.00%
Denmark 0.00%
Finland 0.00%
France 0.36%
Germany 0.81%
Greece 0.00%
Ireland 0.25%
Italy 0.89%
Netherlands 0.09%
Norway 0.00%
Spain 0.00%
Switzerland 0.00%
0.00%
0.01%
Greater Asia 2.07%
Japan 1.63%
0.27%
Australia 0.27%
0.18%
Hong Kong 0.18%
0.00%
Unidentified Region 7.78%

Bond Credit Quality Exposure

AAA 0.00%
AA 0.01%
A 0.00%
BBB 4.14%
BB 51.32%
B 32.34%
Below B 7.11%
    CCC 7.04%
    CC 0.00%
    C 0.07%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.41%
Not Available 4.68%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
1.16%
Less than 1 Year
1.16%
Intermediate
94.59%
1 to 3 Years
12.01%
3 to 5 Years
33.88%
5 to 10 Years
48.70%
Long Term
2.96%
10 to 20 Years
1.03%
20 to 30 Years
1.86%
Over 30 Years
0.07%
Other
1.29%
As of September 30, 2025
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