Asset Allocation

As of September 30, 2025.
Type % Net
Cash 4.16%
Stock 2.47%
Bond 97.52%
Convertible 0.00%
Preferred 0.00%
Other -4.14%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 24.95%
Corporate 46.95%
Securitized 14.46%
Municipal 3.04%
Other 10.60%
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Region Exposure

% Developed Markets: 70.17%    % Emerging Markets: 17.21%    % Unidentified Markets: 12.62%

Americas 71.00%
59.54%
Canada 0.34%
United States 59.19%
11.46%
Argentina 1.75%
Brazil 4.00%
Colombia 2.93%
Mexico 1.35%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.17%
United Kingdom 1.01%
8.00%
France 1.95%
Germany 0.52%
Ireland 0.32%
Netherlands 0.77%
Switzerland 0.95%
2.80%
Czech Republic 0.58%
Turkey 1.39%
1.35%
Egypt 0.91%
United Arab Emirates 0.45%
Greater Asia 3.21%
Japan 0.00%
0.00%
1.72%
Hong Kong 0.50%
Singapore 1.22%
1.48%
China 0.00%
Unidentified Region 12.62%

Bond Credit Quality Exposure

AAA 0.00%
AA 1.22%
A 0.23%
BBB 8.35%
BB 30.18%
B 17.32%
Below B 9.63%
    CCC 7.64%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 2.00%
Not Rated 1.89%
Not Available 31.18%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
15.62%
Less than 1 Year
15.62%
Intermediate
62.25%
1 to 3 Years
9.48%
3 to 5 Years
22.46%
5 to 10 Years
30.31%
Long Term
20.50%
10 to 20 Years
9.05%
20 to 30 Years
11.24%
Over 30 Years
0.21%
Other
1.64%
As of September 30, 2025
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