Asset Allocation

As of November 30, 2025.
Type % Net
Cash 7.58%
Stock 0.01%
Bond 89.36%
Convertible 0.00%
Preferred 0.00%
Other 3.05%
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 47.33%
Corporate 20.25%
Securitized 31.37%
Municipal 0.21%
Other 0.84%
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Region Exposure

% Developed Markets: 100.4%    % Emerging Markets: 9.35%    % Unidentified Markets: -9.74%

Americas 98.17%
88.76%
Canada 0.08%
United States 88.68%
9.41%
Argentina 0.33%
Brazil 5.18%
Colombia 0.26%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.81%
United Kingdom 1.18%
4.44%
Germany 0.25%
Netherlands 3.41%
Switzerland 0.38%
0.00%
0.18%
South Africa 0.18%
Greater Asia 5.76%
Japan 0.05%
0.21%
Australia 0.21%
2.52%
2.98%
China 0.00%
India 2.47%
Kazakhstan 0.50%
Unidentified Region -9.74%

Bond Credit Quality Exposure

AAA 6.07%
AA 53.10%
A 3.78%
BBB 14.21%
BB 9.46%
B 0.85%
Below B 1.80%
    CCC 1.47%
    CC 0.05%
    C 0.28%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 2.53%
Not Available 8.20%
Short Term 0.00%
As of November 30, 2025
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Bond Maturity Exposure

Short Term
7.52%
Less than 1 Year
7.52%
Intermediate
35.00%
1 to 3 Years
7.37%
3 to 5 Years
10.53%
5 to 10 Years
17.09%
Long Term
56.77%
10 to 20 Years
21.04%
20 to 30 Years
9.34%
Over 30 Years
26.40%
Other
0.71%
As of November 30, 2025
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