Asset Allocation

As of September 30, 2025.
Type % Net
Cash -1.25%
Stock 3.04%
Bond 97.09%
Convertible 0.01%
Preferred 0.57%
Other 0.54%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 17.54%
Corporate 28.29%
Securitized 50.03%
Municipal 2.29%
Other 1.86%
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Region Exposure

% Developed Markets: 92.68%    % Emerging Markets: 1.50%    % Unidentified Markets: 5.82%

Americas 91.38%
87.01%
Canada 0.52%
United States 86.49%
4.37%
Argentina 0.05%
Brazil 0.14%
Chile 0.22%
Colombia 0.16%
Mexico 0.15%
Peru 0.08%
Venezuela 0.00%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 2.34%
United Kingdom 0.65%
1.57%
Austria 0.00%
Belgium 0.00%
Finland 0.02%
France 0.24%
Germany 0.13%
Greece 0.00%
Ireland 0.24%
Italy 0.17%
Netherlands 0.25%
Spain 0.07%
Sweden 0.01%
Switzerland 0.03%
0.07%
Czech Republic 0.01%
Poland 0.00%
Turkey 0.02%
0.05%
Egypt 0.00%
Israel 0.00%
Nigeria 0.00%
Qatar 0.00%
Saudi Arabia 0.00%
South Africa 0.00%
United Arab Emirates 0.00%
Greater Asia 0.46%
Japan 0.10%
0.06%
Australia 0.06%
0.14%
Hong Kong 0.01%
Singapore 0.05%
South Korea 0.06%
0.16%
India 0.10%
Indonesia 0.04%
Kazakhstan 0.01%
Malaysia 0.00%
Philippines 0.00%
Unidentified Region 5.82%

Bond Credit Quality Exposure

AAA 2.79%
AA 15.26%
A 3.11%
BBB 18.37%
BB 9.43%
B 6.50%
Below B 3.34%
    CCC 2.30%
    CC 0.33%
    C 0.51%
    DDD 0.00%
    DD 0.00%
    D 0.21%
Not Rated 8.46%
Not Available 32.72%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
9.95%
Less than 1 Year
9.95%
Intermediate
37.68%
1 to 3 Years
7.85%
3 to 5 Years
14.12%
5 to 10 Years
15.71%
Long Term
51.86%
10 to 20 Years
19.78%
20 to 30 Years
28.29%
Over 30 Years
3.79%
Other
0.52%
As of September 30, 2025
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