Asset Allocation

As of September 30, 2025.
Type % Net
Cash 4.89%
Stock 0.15%
Bond 88.01%
Convertible 0.03%
Preferred 0.00%
Other 6.92%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 37.43%
Corporate 17.80%
Securitized 42.42%
Municipal 0.74%
Other 1.61%
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Region Exposure

% Developed Markets: 83.34%    % Emerging Markets: 6.92%    % Unidentified Markets: 9.74%

Americas 80.81%
76.50%
Canada 0.60%
United States 75.90%
4.31%
Argentina 0.37%
Brazil 0.23%
Chile 0.20%
Colombia 0.25%
Mexico 0.83%
Peru 0.35%
Venezuela 0.22%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 8.16%
United Kingdom 2.35%
2.47%
Austria 0.02%
Belgium 0.02%
Denmark 0.02%
Finland 0.02%
France 0.25%
Germany 0.25%
Greece 0.02%
Ireland 0.65%
Italy 0.04%
Netherlands 0.40%
Norway 0.06%
Spain 0.13%
Sweden 0.13%
Switzerland 0.10%
1.38%
Czech Republic 0.01%
Poland 0.23%
Russia 0.03%
Turkey 0.31%
1.96%
Egypt 0.21%
Israel 0.19%
Nigeria 0.04%
Saudi Arabia 0.14%
South Africa 0.26%
United Arab Emirates 0.14%
Greater Asia 1.29%
Japan 0.28%
0.24%
Australia 0.24%
0.13%
Hong Kong 0.01%
Singapore 0.07%
South Korea 0.04%
0.64%
China 0.02%
India 0.06%
Indonesia 0.08%
Kazakhstan 0.03%
Pakistan 0.04%
Philippines 0.14%
Unidentified Region 9.74%

Bond Credit Quality Exposure

AAA 7.22%
AA 41.74%
A 5.47%
BBB 8.79%
BB 3.27%
B 3.23%
Below B 3.97%
    CCC 2.94%
    CC 0.58%
    C 0.24%
    DDD 0.00%
    DD 0.00%
    D 0.21%
Not Rated 2.93%
Not Available 23.37%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
1.52%
Less than 1 Year
1.52%
Intermediate
37.01%
1 to 3 Years
10.47%
3 to 5 Years
10.27%
5 to 10 Years
16.27%
Long Term
55.01%
10 to 20 Years
16.09%
20 to 30 Years
28.04%
Over 30 Years
10.88%
Other
6.46%
As of September 30, 2025
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