Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.00%
Stock 57.18%
Bond 36.98%
Convertible 0.00%
Preferred 0.22%
Other 3.62%
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Market Capitalization

As of December 31, 2025
Large 39.67%
Mid 35.04%
Small 25.30%
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Region Exposure

% Developed Markets: 93.02%    % Emerging Markets: 0.24%    % Unidentified Markets: 6.73%

Americas 72.22%
71.98%
Canada 21.45%
United States 50.53%
0.24%
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 15.16%
United Kingdom 3.19%
11.97%
Denmark 0.30%
Finland 0.03%
France 3.55%
Germany 2.33%
Ireland 0.11%
Italy 0.08%
Netherlands 4.11%
Portugal 0.03%
Spain 0.07%
Switzerland 1.36%
0.00%
0.00%
Greater Asia 5.88%
Japan 0.66%
4.32%
Australia 2.95%
0.90%
Hong Kong 0.41%
Singapore 0.19%
0.00%
Unidentified Region 6.73%

Bond Credit Quality Exposure

AAA 0.50%
AA 1.29%
A 0.70%
BBB 23.97%
BB 44.42%
B 16.62%
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 12.49%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
45.88%
Materials
0.00%
Consumer Discretionary
0.00%
Financials
11.34%
Real Estate
34.54%
Sensitive
34.25%
Communication Services
4.44%
Energy
13.90%
Industrials
15.91%
Information Technology
0.00%
Defensive
14.19%
Consumer Staples
1.23%
Health Care
4.45%
Utilities
8.51%
Not Classified
5.69%
Non Classified Equity
1.17%
Not Classified - Non Equity
4.52%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 0.12%
Corporate 82.82%
Securitized 0.00%
Municipal 1.29%
Other 15.77%
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Bond Maturity Exposure

Short Term
1.06%
Less than 1 Year
1.06%
Intermediate
61.83%
1 to 3 Years
4.64%
3 to 5 Years
22.55%
5 to 10 Years
34.64%
Long Term
22.44%
10 to 20 Years
1.95%
20 to 30 Years
8.21%
Over 30 Years
12.29%
Other
14.67%
As of December 31, 2025
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