Asset Allocation

As of December 31, 2025.
Type % Net
Cash 6.61%
Stock 63.08%
Bond 28.14%
Convertible 0.00%
Preferred 0.33%
Other 1.83%
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Market Capitalization

As of December 31, 2025
Large 87.96%
Mid 11.01%
Small 1.03%
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Region Exposure

% Developed Markets: 82.56%    % Emerging Markets: 8.65%    % Unidentified Markets: 8.79%

Americas 56.42%
52.35%
Canada 3.83%
United States 48.52%
4.07%
Brazil 2.34%
Chile 0.05%
Colombia 0.15%
Mexico 1.40%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 22.10%
United Kingdom 6.95%
14.43%
Austria 0.11%
Belgium 0.55%
Denmark 0.94%
France 2.67%
Germany 1.60%
Greece 0.15%
Ireland 1.01%
Italy 1.69%
Netherlands 1.59%
Norway 0.02%
Portugal 0.06%
Spain 1.35%
Sweden 0.55%
Switzerland 1.74%
0.66%
Poland 0.02%
Turkey 0.07%
0.05%
Qatar 0.05%
Greater Asia 12.69%
Japan 4.84%
0.69%
Australia 0.69%
3.29%
Hong Kong 0.26%
Singapore 0.09%
South Korea 0.53%
Taiwan 2.32%
3.88%
China 1.67%
India 1.49%
Indonesia 0.24%
Malaysia 0.39%
Philippines 0.07%
Thailand 0.02%
Unidentified Region 8.79%

Bond Credit Quality Exposure

AAA 9.30%
AA 35.37%
A 13.41%
BBB 13.96%
BB 4.24%
B 0.71%
Below B 0.21%
    CCC 0.21%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 22.81%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
27.93%
Materials
5.93%
Consumer Discretionary
6.58%
Financials
14.60%
Real Estate
0.81%
Sensitive
39.74%
Communication Services
5.86%
Energy
3.89%
Industrials
12.99%
Information Technology
17.00%
Defensive
21.23%
Consumer Staples
4.74%
Health Care
10.87%
Utilities
5.62%
Not Classified
11.10%
Non Classified Equity
0.14%
Not Classified - Non Equity
10.97%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 64.30%
Corporate 19.34%
Securitized 15.94%
Municipal 0.39%
Other 0.03%
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Bond Maturity Exposure

Short Term
3.22%
Less than 1 Year
3.22%
Intermediate
64.58%
1 to 3 Years
20.81%
3 to 5 Years
17.95%
5 to 10 Years
25.82%
Long Term
32.03%
10 to 20 Years
10.34%
20 to 30 Years
19.59%
Over 30 Years
2.10%
Other
0.17%
As of December 31, 2025
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