Asset Allocation

As of November 30, 2025.
Type % Net
Cash 1.34%
Stock 57.51%
Bond 38.91%
Convertible 0.00%
Preferred 0.22%
Other 2.02%
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Market Capitalization

As of November 30, 2025
Large 39.48%
Mid 35.16%
Small 25.36%
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Region Exposure

% Developed Markets: 94.16%    % Emerging Markets: 0.25%    % Unidentified Markets: 5.59%

Americas 73.27%
73.02%
Canada 21.75%
United States 51.27%
0.25%
Argentina 0.03%
Brazil 0.08%
Mexico 0.04%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 15.24%
United Kingdom 3.37%
11.86%
Denmark 0.30%
Finland 0.03%
France 3.52%
Germany 2.28%
Ireland 0.11%
Italy 0.08%
Netherlands 4.13%
Portugal 0.03%
Spain 0.07%
Switzerland 1.32%
0.00%
0.00%
Greater Asia 5.90%
Japan 0.68%
4.31%
Australia 3.01%
0.91%
Hong Kong 0.40%
Singapore 0.19%
0.00%
Unidentified Region 5.59%

Bond Credit Quality Exposure

AAA 0.49%
AA 1.34%
A 0.70%
BBB 26.67%
BB 41.44%
B 16.40%
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 12.96%
Short Term 0.00%
As of November 30, 2025
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Stock Sector Exposure

Cyclical
46.08%
Materials
0.00%
Consumer Discretionary
0.00%
Financials
10.98%
Real Estate
35.10%
Sensitive
34.25%
Communication Services
4.50%
Energy
14.00%
Industrials
15.74%
Information Technology
0.00%
Defensive
14.13%
Consumer Staples
1.22%
Health Care
4.32%
Utilities
8.59%
Not Classified
5.54%
Non Classified Equity
1.10%
Not Classified - Non Equity
4.45%
As of November 30, 2025
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 0.13%
Corporate 82.66%
Securitized 0.00%
Municipal 1.36%
Other 15.85%
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Bond Maturity Exposure

Short Term
1.59%
Less than 1 Year
1.59%
Intermediate
59.52%
1 to 3 Years
4.98%
3 to 5 Years
20.48%
5 to 10 Years
34.06%
Long Term
25.05%
10 to 20 Years
1.90%
20 to 30 Years
8.14%
Over 30 Years
15.01%
Other
13.84%
As of November 30, 2025
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