Asset Allocation

As of November 30, 2025.
Type % Net
Cash 9.79%
Stock 51.10%
Bond 38.44%
Convertible 0.00%
Preferred 0.41%
Other 0.26%
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Market Capitalization

As of November 30, 2025
Large 77.50%
Mid 12.32%
Small 10.18%
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Region Exposure

% Developed Markets: 90.82%    % Emerging Markets: 2.54%    % Unidentified Markets: 6.65%

Americas 83.93%
81.92%
Canada 5.95%
United States 75.97%
2.01%
Argentina 0.02%
Brazil 0.28%
Chile 0.04%
Colombia 0.17%
Mexico 0.48%
Peru 0.04%
Venezuela 0.01%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 5.67%
United Kingdom 1.76%
3.13%
Austria 0.01%
Belgium 0.16%
Denmark 0.01%
Finland 0.14%
France 0.32%
Germany 0.22%
Greece 0.05%
Ireland 0.82%
Italy 0.16%
Netherlands 0.44%
Norway 0.03%
Portugal 0.00%
Spain 0.02%
Sweden 0.01%
Switzerland 0.46%
0.40%
Czech Republic 0.08%
Poland 0.12%
Turkey 0.06%
0.37%
Egypt 0.02%
Israel 0.17%
Nigeria 0.01%
Qatar 0.00%
Saudi Arabia 0.01%
South Africa 0.12%
United Arab Emirates 0.01%
Greater Asia 3.75%
Japan 0.47%
0.35%
Australia 0.35%
2.31%
Hong Kong 0.13%
Singapore 0.18%
South Korea 0.34%
Taiwan 1.67%
0.63%
China 0.07%
India 0.16%
Indonesia 0.13%
Kazakhstan 0.00%
Malaysia 0.09%
Pakistan 0.00%
Philippines 0.00%
Thailand 0.15%
Unidentified Region 6.65%

Bond Credit Quality Exposure

AAA 5.84%
AA 47.36%
A 5.03%
BBB 15.59%
BB 3.99%
B 2.02%
Below B 0.79%
    CCC 0.65%
    CC 0.00%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.14%
Not Rated 0.06%
Not Available 19.32%
Short Term 0.00%
As of November 30, 2025
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Stock Sector Exposure

Cyclical
21.65%
Materials
3.17%
Consumer Discretionary
7.16%
Financials
9.95%
Real Estate
1.36%
Sensitive
42.42%
Communication Services
12.90%
Energy
2.33%
Industrials
6.57%
Information Technology
20.62%
Defensive
11.39%
Consumer Staples
2.36%
Health Care
7.18%
Utilities
1.85%
Not Classified
24.53%
Non Classified Equity
1.58%
Not Classified - Non Equity
22.95%
As of November 30, 2025
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 54.15%
Corporate 21.80%
Securitized 16.92%
Municipal 0.36%
Other 6.77%
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Bond Maturity Exposure

Short Term
4.44%
Less than 1 Year
4.44%
Intermediate
54.46%
1 to 3 Years
6.14%
3 to 5 Years
9.83%
5 to 10 Years
38.49%
Long Term
31.87%
10 to 20 Years
11.66%
20 to 30 Years
18.91%
Over 30 Years
1.29%
Other
9.23%
As of November 30, 2025
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