Asset Allocation

As of September 30, 2025.
Type % Net
Cash 12.31%
Stock 58.59%
Bond 14.77%
Convertible 0.00%
Preferred -0.02%
Other 14.35%
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Market Capitalization

As of September 30, 2025
Large 56.76%
Mid 19.93%
Small 23.31%
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Region Exposure

% Developed Markets: 68.61%    % Emerging Markets: 6.28%    % Unidentified Markets: 25.11%

Americas 31.35%
27.95%
Canada 3.12%
United States 24.83%
3.40%
Brazil 0.60%
Chile 0.01%
Colombia 0.32%
Mexico 0.51%
Peru 0.00%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 24.34%
United Kingdom 3.90%
18.64%
Austria 0.08%
Belgium 0.09%
Denmark 0.85%
Finland 0.04%
France 1.39%
Germany 6.14%
Greece 0.01%
Ireland -0.10%
Italy 1.07%
Netherlands 1.45%
Norway 0.67%
Portugal 0.40%
Spain 2.51%
Sweden 1.64%
Switzerland 2.38%
0.04%
Czech Republic 0.01%
Poland 0.01%
Turkey -0.01%
1.77%
Egypt -0.00%
Israel 0.25%
Qatar -0.00%
Saudi Arabia -0.03%
South Africa 1.57%
United Arab Emirates -0.01%
Greater Asia 19.20%
Japan 8.27%
1.67%
Australia 1.64%
6.48%
Hong Kong 1.47%
Singapore 0.99%
South Korea 1.72%
Taiwan 2.29%
2.78%
China 1.74%
India -0.14%
Indonesia 0.02%
Kazakhstan 0.00%
Malaysia 0.02%
Philippines 0.76%
Thailand 0.38%
Unidentified Region 25.11%

Bond Credit Quality Exposure

AAA 21.13%
AA 19.22%
A 19.49%
BBB 11.18%
BB 0.11%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.02%
Not Available 28.85%
Short Term 0.00%
As of September 30, 2025
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Stock Sector Exposure

Cyclical
50.75%
Materials
-1.09%
Consumer Discretionary
16.90%
Financials
35.34%
Real Estate
-0.41%
Sensitive
35.51%
Communication Services
10.72%
Energy
4.24%
Industrials
12.17%
Information Technology
8.37%
Defensive
1.32%
Consumer Staples
-1.15%
Health Care
-1.34%
Utilities
3.81%
Not Classified
12.41%
Non Classified Equity
-0.03%
Not Classified - Non Equity
12.44%
As of September 30, 2025
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 70.39%
Corporate 20.97%
Securitized 8.36%
Municipal 0.00%
Other 0.28%
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Bond Maturity Exposure

Short Term
18.50%
Less than 1 Year
18.50%
Intermediate
66.88%
1 to 3 Years
9.06%
3 to 5 Years
8.75%
5 to 10 Years
49.08%
Long Term
14.58%
10 to 20 Years
4.95%
20 to 30 Years
9.12%
Over 30 Years
0.51%
Other
0.03%
As of September 30, 2025
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