Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.95%
Stock 0.00%
Bond 98.58%
Convertible 0.00%
Preferred 0.00%
Other -0.52%
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 93.78%
Corporate 4.78%
Securitized 0.00%
Municipal 0.00%
Other 1.44%
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Region Exposure

% Developed Markets: 67.79%    % Emerging Markets: 31.21%    % Unidentified Markets: 0.99%

Americas 46.08%
35.11%
Canada 0.38%
United States 34.73%
10.97%
Argentina 0.59%
Brazil 1.18%
Chile 0.57%
Colombia 2.53%
Mexico 2.44%
Peru 0.52%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 41.36%
United Kingdom 3.26%
18.85%
Belgium 0.39%
Denmark 0.01%
Finland 0.26%
France 3.15%
Germany 4.99%
Italy 5.17%
Netherlands 0.70%
Norway 0.00%
Spain 3.45%
Sweden 0.38%
8.64%
Poland 1.22%
Turkey 3.48%
10.61%
Egypt 1.13%
Nigeria 0.42%
Qatar 0.54%
Saudi Arabia 1.52%
South Africa 1.19%
United Arab Emirates 0.44%
Greater Asia 11.56%
Japan 5.49%
1.99%
Australia 1.98%
0.20%
Singapore 0.20%
3.90%
Indonesia 0.78%
Kazakhstan 1.04%
Pakistan 0.43%
Unidentified Region 0.99%

Bond Credit Quality Exposure

AAA 7.05%
AA 37.48%
A 12.29%
BBB 14.34%
BB 14.19%
B 4.58%
Below B 1.98%
    CCC 1.98%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 8.08%
Short Term 0.00%
As of September 30, 2025
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Bond Maturity Exposure

Short Term
3.17%
Less than 1 Year
3.17%
Intermediate
72.16%
1 to 3 Years
16.76%
3 to 5 Years
16.92%
5 to 10 Years
38.48%
Long Term
24.67%
10 to 20 Years
14.81%
20 to 30 Years
8.71%
Over 30 Years
1.15%
Other
0.00%
As of September 30, 2025
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