Asset Allocation

As of December 31, 2025.
Type % Net
Cash -12.85%
Stock 35.67%
Bond 58.58%
Convertible 0.02%
Preferred 0.35%
Other 18.22%
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Market Capitalization

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

% Developed Markets: 75.62%    % Emerging Markets: 3.70%    % Unidentified Markets: 20.68%

Americas 64.79%
60.96%
Canada 1.37%
United States 59.59%
3.83%
Argentina 0.22%
Brazil 0.46%
Chile 0.16%
Colombia 0.05%
Mexico 0.77%
Peru 0.05%
Venezuela 0.03%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 10.08%
United Kingdom 2.66%
6.05%
Austria 0.08%
Belgium 0.04%
Denmark 0.06%
Finland 0.18%
France 1.05%
Germany 0.55%
Greece 0.06%
Ireland 0.97%
Italy 0.21%
Netherlands 0.74%
Norway 0.05%
Portugal 0.01%
Spain 0.46%
Sweden 0.17%
Switzerland 0.94%
0.33%
Czech Republic 0.02%
Poland 0.03%
Turkey 0.08%
1.04%
Egypt 0.05%
Israel 0.03%
Nigeria 0.09%
Qatar 0.06%
Saudi Arabia 0.28%
South Africa 0.25%
United Arab Emirates 0.10%
Greater Asia 4.44%
Japan 2.03%
0.60%
Australia 0.58%
1.31%
Hong Kong 0.28%
Singapore 0.09%
South Korea 0.76%
Taiwan 0.18%
0.50%
China 0.11%
India 0.07%
Kazakhstan 0.00%
Malaysia 0.17%
Philippines 0.01%
Thailand 0.09%
Unidentified Region 20.68%

Bond Credit Quality Exposure

AAA 16.93%
AA 32.59%
A 16.28%
BBB 14.76%
BB 6.60%
B 2.50%
Below B 0.43%
    CCC 0.38%
    CC 0.02%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.03%
Not Rated 0.30%
Not Available 9.61%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
12.45%
Materials
1.97%
Consumer Discretionary
3.75%
Financials
5.97%
Real Estate
0.77%
Sensitive
15.63%
Communication Services
2.63%
Energy
1.89%
Industrials
3.82%
Information Technology
7.29%
Defensive
7.61%
Consumer Staples
2.32%
Health Care
3.92%
Utilities
1.37%
Not Classified
64.31%
Non Classified Equity
0.10%
Not Classified - Non Equity
64.21%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 24.01%
Corporate 43.04%
Securitized 30.41%
Municipal 0.00%
Other 2.54%
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Bond Maturity Exposure

Short Term
4.60%
Less than 1 Year
4.60%
Intermediate
46.11%
1 to 3 Years
14.98%
3 to 5 Years
11.40%
5 to 10 Years
19.73%
Long Term
47.32%
10 to 20 Years
12.07%
20 to 30 Years
28.87%
Over 30 Years
6.38%
Other
1.97%
As of December 31, 2025
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