Asset Allocation

As of November 30, 2025.
Type % Net
Cash 3.97%
Stock 0.37%
Bond 94.75%
Convertible 0.01%
Preferred 0.37%
Other 0.53%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 30.22%
Corporate 29.02%
Securitized 35.73%
Municipal 0.38%
Other 4.65%
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Region Exposure

% Developed Markets: 83.44%    % Emerging Markets: 16.13%    % Unidentified Markets: 0.43%

Americas 81.34%
72.83%
Canada 1.40%
United States 71.43%
8.51%
Argentina 0.33%
Brazil 1.12%
Chile 0.45%
Colombia 0.65%
Mexico 1.37%
Peru 0.94%
Venezuela 0.06%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.68%
United Kingdom 2.57%
3.75%
Austria 0.01%
Belgium 0.02%
Denmark 0.04%
Finland 0.08%
France 0.65%
Germany 0.12%
Greece 0.03%
Ireland 0.64%
Italy 0.12%
Netherlands 0.64%
Norway 0.09%
Portugal 0.00%
Spain 0.35%
Sweden 0.10%
Switzerland 0.31%
3.12%
Czech Republic 0.31%
Poland 0.61%
Russia 0.03%
Turkey 0.65%
3.24%
Egypt 0.39%
Israel 0.17%
Nigeria 0.18%
Qatar 0.02%
Saudi Arabia 0.28%
South Africa 0.95%
United Arab Emirates 0.25%
Greater Asia 5.55%
Japan 0.69%
0.44%
Australia 0.40%
0.36%
Hong Kong 0.08%
Singapore 0.07%
South Korea 0.18%
Taiwan 0.00%
4.07%
China 0.76%
India 0.58%
Indonesia 0.81%
Kazakhstan 0.11%
Malaysia 0.66%
Pakistan 0.05%
Philippines 0.34%
Thailand 0.44%
Unidentified Region 0.43%

Bond Credit Quality Exposure

AAA 9.31%
AA 28.40%
A 5.98%
BBB 12.67%
BB 9.74%
B 5.74%
Below B 2.89%
    CCC 2.31%
    CC 0.26%
    C 0.10%
    DDD 0.00%
    DD 0.00%
    D 0.22%
Not Rated 2.65%
Not Available 22.62%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
3.12%
Less than 1 Year
3.12%
Intermediate
44.55%
1 to 3 Years
10.55%
3 to 5 Years
12.88%
5 to 10 Years
21.12%
Long Term
46.16%
10 to 20 Years
11.68%
20 to 30 Years
19.53%
Over 30 Years
14.95%
Other
6.16%
As of November 30, 2025
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