Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.47%
Stock 57.37%
Bond 38.18%
Convertible 0.06%
Preferred 0.32%
Other 1.60%
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Market Capitalization

As of December 31, 2025
Large 68.40%
Mid 19.82%
Small 11.79%
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Region Exposure

% Developed Markets: 93.20%    % Emerging Markets: 3.02%    % Unidentified Markets: 3.78%

Americas 76.56%
75.94%
Canada 5.91%
United States 70.02%
0.62%
Brazil 0.56%
Chile 0.06%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 10.53%
United Kingdom 3.76%
5.39%
Austria 0.09%
Finland 0.20%
France 2.15%
Germany 0.36%
Ireland 0.27%
Italy 0.68%
Netherlands 0.09%
Norway 0.82%
Spain 0.10%
Sweden 0.08%
Switzerland 0.24%
0.41%
Czech Republic 0.41%
0.96%
Israel 0.82%
Qatar 0.08%
United Arab Emirates 0.07%
Greater Asia 9.13%
Japan 0.74%
2.91%
Australia 1.56%
3.50%
South Korea 1.99%
Taiwan 1.50%
1.98%
China 0.08%
India 0.32%
Indonesia 0.81%
Philippines 0.77%
Unidentified Region 3.78%

Bond Credit Quality Exposure

AAA 10.90%
AA 16.34%
A 5.60%
BBB 29.46%
BB 14.82%
B 4.68%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.14%
Not Available 18.06%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
17.75%
Materials
0.38%
Consumer Discretionary
6.74%
Financials
5.46%
Real Estate
5.16%
Sensitive
22.35%
Communication Services
5.47%
Energy
2.85%
Industrials
2.29%
Information Technology
11.74%
Defensive
18.17%
Consumer Staples
2.99%
Health Care
15.18%
Utilities
0.00%
Not Classified
41.73%
Non Classified Equity
0.45%
Not Classified - Non Equity
41.29%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 25.52%
Corporate 52.36%
Securitized 11.13%
Municipal 2.99%
Other 7.99%
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Bond Maturity Exposure

Short Term
2.74%
Less than 1 Year
2.74%
Intermediate
55.61%
1 to 3 Years
4.04%
3 to 5 Years
12.39%
5 to 10 Years
39.18%
Long Term
38.23%
10 to 20 Years
14.49%
20 to 30 Years
17.21%
Over 30 Years
6.53%
Other
3.41%
As of December 31, 2025
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