Asset Allocation

As of November 30, 2025.
Type % Net
Cash 1.25%
Stock 64.52%
Bond 33.85%
Convertible 0.00%
Preferred 0.00%
Other 0.37%
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Market Capitalization

As of November 30, 2025
Large 34.26%
Mid 33.99%
Small 31.75%
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Region Exposure

% Developed Markets: 96.14%    % Emerging Markets: 1.59%    % Unidentified Markets: 2.27%

Americas 67.26%
66.12%
Canada 8.49%
United States 57.64%
1.13%
Mexico 0.49%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 22.35%
United Kingdom 9.09%
12.59%
Belgium 0.34%
France 3.14%
Germany 0.78%
Greece 0.21%
Ireland 0.83%
Italy 3.10%
Netherlands 0.47%
Spain 3.42%
Sweden 0.31%
0.00%
0.67%
South Africa 0.67%
Greater Asia 8.12%
Japan 2.46%
3.33%
Australia 2.66%
1.91%
Hong Kong 1.17%
Singapore 0.74%
0.43%
China 0.21%
Thailand 0.22%
Unidentified Region 2.27%

Bond Credit Quality Exposure

AAA 3.62%
AA 44.52%
A 10.10%
BBB 5.67%
BB 19.02%
B 6.76%
Below B 1.01%
    CCC 1.01%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 9.31%
Short Term 0.00%
As of November 30, 2025
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Stock Sector Exposure

Cyclical
48.23%
Materials
20.05%
Consumer Discretionary
0.62%
Financials
0.45%
Real Estate
27.12%
Sensitive
28.67%
Communication Services
1.79%
Energy
17.32%
Industrials
7.95%
Information Technology
1.62%
Defensive
17.75%
Consumer Staples
0.81%
Health Care
0.00%
Utilities
16.94%
Not Classified
5.34%
Non Classified Equity
3.18%
Not Classified - Non Equity
2.16%
As of November 30, 2025
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 68.02%
Corporate 28.94%
Securitized 2.36%
Municipal 0.00%
Other 0.68%
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Bond Maturity Exposure

Short Term
20.10%
Less than 1 Year
20.10%
Intermediate
64.70%
1 to 3 Years
11.79%
3 to 5 Years
23.07%
5 to 10 Years
29.84%
Long Term
15.19%
10 to 20 Years
5.42%
20 to 30 Years
8.47%
Over 30 Years
1.29%
Other
0.00%
As of November 30, 2025
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