Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.69%
Stock 56.90%
Bond 36.61%
Convertible 0.00%
Preferred 0.31%
Other 3.50%
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Market Capitalization

As of December 31, 2025
Large 39.08%
Mid 35.43%
Small 25.49%
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Region Exposure

% Developed Markets: 92.97%    % Emerging Markets: 0.19%    % Unidentified Markets: 6.84%

Americas 72.45%
72.26%
Canada 19.95%
United States 52.31%
0.19%
Argentina 0.03%
Brazil 0.07%
Mexico 0.04%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 14.81%
United Kingdom 3.16%
11.65%
Denmark 0.30%
Finland 0.03%
France 3.53%
Germany 2.32%
Ireland 0.11%
Italy 0.09%
Netherlands 4.03%
Portugal 0.03%
Spain 0.07%
Switzerland 1.14%
0.00%
0.00%
Greater Asia 5.90%
Japan 0.68%
4.35%
Australia 2.98%
0.87%
Hong Kong 0.41%
Singapore 0.14%
0.00%
Unidentified Region 6.84%

Bond Credit Quality Exposure

AAA 0.51%
AA 1.31%
A 0.71%
BBB 22.93%
BB 44.52%
B 16.69%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 13.33%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
45.63%
Materials
0.00%
Consumer Discretionary
0.00%
Financials
10.58%
Real Estate
35.05%
Sensitive
34.27%
Communication Services
4.42%
Energy
13.86%
Industrials
16.00%
Information Technology
0.00%
Defensive
14.08%
Consumer Staples
1.22%
Health Care
4.28%
Utilities
8.58%
Not Classified
6.02%
Non Classified Equity
1.47%
Not Classified - Non Equity
4.55%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.12%
Corporate 82.27%
Securitized 0.00%
Municipal 1.31%
Other 16.30%
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Bond Maturity Exposure

Short Term
0.75%
Less than 1 Year
0.75%
Intermediate
63.46%
1 to 3 Years
4.72%
3 to 5 Years
22.75%
5 to 10 Years
35.99%
Long Term
20.71%
10 to 20 Years
2.00%
20 to 30 Years
8.35%
Over 30 Years
10.36%
Other
15.08%
As of December 31, 2025
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