Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.89%
Stock 0.48%
Bond 95.00%
Convertible 0.08%
Preferred 0.00%
Other 2.55%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 7.51%
Corporate 52.11%
Securitized 14.15%
Municipal 0.00%
Other 26.23%
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Region Exposure

% Developed Markets: 55.73%    % Emerging Markets: 14.40%    % Unidentified Markets: 29.87%

Americas 45.24%
33.96%
Canada 1.77%
United States 32.19%
11.28%
Argentina 1.34%
Brazil 0.40%
Chile 0.30%
Colombia 1.86%
Mexico 1.59%
Peru 0.09%
Venezuela 0.70%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 20.67%
United Kingdom 2.50%
12.92%
Austria 0.23%
Denmark 0.04%
France 0.41%
Germany 0.11%
Ireland 7.98%
Italy 0.15%
Netherlands 2.14%
Spain 0.12%
Sweden 0.06%
3.01%
Czech Republic 0.12%
Turkey 2.36%
2.24%
Israel 0.67%
South Africa 0.25%
United Arab Emirates 0.36%
Greater Asia 4.22%
Japan 0.04%
0.22%
Australia 0.22%
1.26%
Hong Kong 0.38%
Singapore 0.53%
Taiwan 0.04%
2.70%
China 0.17%
India 0.52%
Indonesia 0.71%
Malaysia 0.00%
Philippines 0.12%
Thailand 0.21%
Unidentified Region 29.87%

Bond Credit Quality Exposure

AAA 3.76%
AA 0.72%
A 0.00%
BBB 2.99%
BB 36.11%
B 21.74%
Below B 4.49%
    CCC 3.77%
    CC 0.00%
    C 0.03%
    DDD 0.00%
    DD 0.00%
    D 0.69%
Not Rated 0.29%
Not Available 29.90%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
4.08%
Less than 1 Year
4.08%
Intermediate
77.85%
1 to 3 Years
12.52%
3 to 5 Years
23.57%
5 to 10 Years
41.76%
Long Term
10.25%
10 to 20 Years
8.71%
20 to 30 Years
1.30%
Over 30 Years
0.24%
Other
7.81%
As of September 30, 2025
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