The above credit quality ratings are derived from the underlying securities of the portfolio, and are rated by Moody’s. If a rating from Moody’s is unavailable, S&P’s rating is used. If neither Moody’s nor S&P ratings are available, Fitch’s rating is used. Ratings may apply to issuer, counterparty parent or guarantor.
Composition By Security Type
Cash Equivalents
17.5%
U.S. Treasuries
20.0%
Repurchase Agreements
23.1%
Agencies
39.4%
Portfolio composition is as of September 30, 2020 and is subject to change.