Asset Allocation

As of November 30, 2025.
Type % Net
Cash -32.41%
Stock 0.00%
Bond 100.6%
Convertible 0.00%
Preferred 0.00%
Other 31.77%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 4.00%
Corporate 64.91%
Securitized 28.85%
Municipal 0.00%
Other 2.24%
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Region Exposure

% Developed Markets: 55.40%    % Emerging Markets: 1.27%    % Unidentified Markets: 43.33%

Americas 43.37%
40.94%
Canada 3.03%
United States 37.91%
2.43%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.18%
United Kingdom 3.69%
4.13%
Austria 0.54%
France 0.27%
Germany 0.00%
Ireland 1.05%
Italy 0.05%
Netherlands 0.13%
Norway 0.07%
Spain 0.02%
Switzerland 1.09%
0.19%
1.18%
Egypt 0.08%
Saudi Arabia 0.24%
Greater Asia 4.13%
Japan 1.25%
0.65%
Australia 0.44%
1.76%
Hong Kong 0.00%
Singapore 0.00%
South Korea 1.76%
0.46%
China 0.00%
Indonesia 0.46%
Unidentified Region 43.33%

Bond Credit Quality Exposure

AAA 19.28%
AA 10.00%
A 32.32%
BBB 25.53%
BB 7.22%
B 0.41%
Below B 0.08%
    CCC 0.02%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.06%
Not Rated 0.50%
Not Available 4.66%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
6.47%
Less than 1 Year
6.47%
Intermediate
70.27%
1 to 3 Years
37.87%
3 to 5 Years
24.31%
5 to 10 Years
8.10%
Long Term
21.59%
10 to 20 Years
7.77%
20 to 30 Years
7.13%
Over 30 Years
6.69%
Other
1.66%
As of November 30, 2025
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