Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.39%
Stock 91.80%
Bond 5.98%
Convertible 0.00%
Preferred 0.63%
Other 0.19%
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Market Capitalization

Large --
Mid --
Small --
No Data Available
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Region Exposure

% Developed Markets: 89.30%    % Emerging Markets: 8.20%    % Unidentified Markets: 2.51%

Americas 59.87%
58.30%
Canada 4.73%
United States 53.57%
1.57%
Argentina 0.02%
Brazil 0.67%
Chile 0.02%
Colombia 0.05%
Mexico 0.42%
Peru 0.09%
Venezuela 0.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 21.96%
United Kingdom 5.77%
14.64%
Austria 0.10%
Belgium 0.65%
Denmark 0.30%
Finland 0.31%
France 2.92%
Germany 2.32%
Greece 0.13%
Ireland 1.61%
Italy 0.83%
Netherlands 1.27%
Norway 0.03%
Portugal 0.04%
Spain 0.94%
Sweden 1.02%
Switzerland 2.03%
0.24%
Czech Republic 0.01%
Poland 0.06%
Turkey 0.07%
1.31%
Egypt 0.02%
Israel 0.10%
Nigeria 0.01%
Qatar 0.01%
Saudi Arabia 0.34%
South Africa 0.55%
United Arab Emirates 0.18%
Greater Asia 15.66%
Japan 4.26%
0.18%
Australia 0.17%
5.63%
Hong Kong 0.54%
Singapore 0.41%
South Korea 1.60%
Taiwan 3.09%
5.58%
China 3.10%
India 2.00%
Indonesia 0.28%
Kazakhstan 0.00%
Malaysia 0.02%
Pakistan 0.01%
Philippines 0.05%
Thailand 0.11%
Unidentified Region 2.51%

Bond Credit Quality Exposure

AAA 2.61%
AA 57.50%
A 2.83%
BBB 3.75%
BB 8.11%
B 5.06%
Below B 1.86%
    CCC 1.69%
    CC 0.01%
    C 0.10%
    DDD 0.00%
    DD 0.00%
    D 0.06%
Not Rated 0.15%
Not Available 18.13%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
32.24%
Materials
4.87%
Consumer Discretionary
8.85%
Financials
17.62%
Real Estate
0.89%
Sensitive
47.00%
Communication Services
8.24%
Energy
3.91%
Industrials
13.71%
Information Technology
21.14%
Defensive
12.66%
Consumer Staples
3.78%
Health Care
7.39%
Utilities
1.48%
Not Classified
8.11%
Non Classified Equity
1.09%
Not Classified - Non Equity
7.02%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 87.06%
Corporate 11.17%
Securitized 0.38%
Municipal 0.05%
Other 1.33%
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Bond Maturity Exposure

Short Term
13.71%
Less than 1 Year
13.71%
Intermediate
24.65%
1 to 3 Years
4.44%
3 to 5 Years
7.56%
5 to 10 Years
12.65%
Long Term
61.26%
10 to 20 Years
27.15%
20 to 30 Years
33.45%
Over 30 Years
0.66%
Other
0.38%
As of December 31, 2025
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