Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.08%
Stock 66.66%
Bond 30.92%
Convertible 0.00%
Preferred 0.00%
Other 0.33%
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Market Capitalization

As of December 31, 2025
Large 34.30%
Mid 33.44%
Small 32.27%
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Region Exposure

% Developed Markets: 95.67%    % Emerging Markets: 1.73%    % Unidentified Markets: 2.61%

Americas 65.55%
64.52%
Canada 8.69%
United States 55.83%
1.04%
Mexico 0.46%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 23.01%
United Kingdom 9.34%
12.86%
Belgium 0.39%
France 3.22%
Germany 0.73%
Greece 0.23%
Ireland 0.78%
Italy 2.96%
Netherlands 0.48%
Spain 3.73%
Sweden 0.34%
0.00%
0.82%
South Africa 0.82%
Greater Asia 8.82%
Japan 2.73%
3.67%
Australia 2.94%
1.98%
Hong Kong 1.22%
Singapore 0.75%
0.44%
China 0.20%
Thailand 0.24%
Unidentified Region 2.61%

Bond Credit Quality Exposure

AAA 3.83%
AA 40.12%
A 11.35%
BBB 6.23%
BB 19.68%
B 8.25%
Below B 0.93%
    CCC 0.93%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.59%
Not Available 9.01%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
49.83%
Materials
20.12%
Consumer Discretionary
0.67%
Financials
0.69%
Real Estate
28.34%
Sensitive
28.12%
Communication Services
1.97%
Energy
16.61%
Industrials
8.02%
Information Technology
1.52%
Defensive
17.65%
Consumer Staples
0.72%
Health Care
0.00%
Utilities
16.93%
Not Classified
4.40%
Non Classified Equity
2.94%
Not Classified - Non Equity
1.46%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 64.86%
Corporate 31.72%
Securitized 2.65%
Municipal 0.00%
Other 0.76%
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Bond Maturity Exposure

Short Term
13.23%
Less than 1 Year
13.23%
Intermediate
70.01%
1 to 3 Years
11.91%
3 to 5 Years
26.28%
5 to 10 Years
31.82%
Long Term
16.76%
10 to 20 Years
6.02%
20 to 30 Years
9.27%
Over 30 Years
1.47%
Other
0.00%
As of December 31, 2025
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