Asset Allocation

As of September 30, 2025.
Type % Net
Cash 4.50%
Stock 54.32%
Bond 38.07%
Convertible 0.00%
Preferred 0.55%
Other 2.56%
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Market Capitalization

As of September 30, 2025
Large 76.01%
Mid 12.23%
Small 11.76%
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Region Exposure

% Developed Markets: 83.50%    % Emerging Markets: 8.22%    % Unidentified Markets: 8.28%

Americas 48.14%
46.09%
Canada 7.12%
United States 38.97%
2.05%
Argentina 0.02%
Brazil 0.73%
Chile 0.05%
Colombia 0.21%
Mexico 0.52%
Peru 0.13%
Venezuela 0.01%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 29.06%
United Kingdom 5.86%
21.33%
Austria 0.08%
Belgium 0.86%
Denmark 0.30%
Finland 0.14%
France 2.56%
Germany 5.83%
Greece 0.15%
Ireland 1.18%
Italy 0.83%
Netherlands 4.68%
Norway 0.11%
Portugal 0.06%
Spain 1.34%
Sweden 0.74%
Switzerland 1.33%
0.67%
Czech Republic 0.11%
Poland 0.19%
Turkey 0.12%
1.21%
Egypt 0.04%
Israel 0.10%
Nigeria 0.01%
Qatar 0.01%
Saudi Arabia 0.25%
South Africa 0.56%
United Arab Emirates 0.15%
Greater Asia 14.52%
Japan 3.88%
1.09%
Australia 1.02%
4.88%
Hong Kong 0.64%
Singapore 0.34%
South Korea 1.21%
Taiwan 2.68%
4.66%
China 2.44%
India 1.47%
Indonesia 0.32%
Kazakhstan 0.02%
Malaysia 0.18%
Pakistan 0.01%
Philippines 0.04%
Thailand 0.17%
Unidentified Region 8.28%

Bond Credit Quality Exposure

AAA 19.22%
AA 21.03%
A 7.49%
BBB 12.24%
BB 4.83%
B 1.82%
Below B 0.74%
    CCC 0.57%
    CC 0.00%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.16%
Not Rated 0.04%
Not Available 32.59%
Short Term 0.00%
As of September 30, 2025
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Stock Sector Exposure

Cyclical
28.30%
Materials
4.49%
Consumer Discretionary
9.58%
Financials
13.45%
Real Estate
0.78%
Sensitive
42.19%
Communication Services
10.31%
Energy
2.48%
Industrials
11.14%
Information Technology
18.25%
Defensive
10.07%
Consumer Staples
2.93%
Health Care
5.38%
Utilities
1.77%
Not Classified
19.44%
Non Classified Equity
1.10%
Not Classified - Non Equity
18.34%
As of September 30, 2025
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 63.34%
Corporate 23.31%
Securitized 0.42%
Municipal 3.82%
Other 9.10%
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Bond Maturity Exposure

Short Term
15.21%
Less than 1 Year
15.21%
Intermediate
58.60%
1 to 3 Years
7.09%
3 to 5 Years
12.65%
5 to 10 Years
38.86%
Long Term
17.58%
10 to 20 Years
7.95%
20 to 30 Years
8.61%
Over 30 Years
1.02%
Other
8.62%
As of September 30, 2025
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