Asset Allocation

As of December 31, 2025.
Type % Net
Cash 1.10%
Stock 47.37%
Bond 35.77%
Convertible 0.00%
Preferred 8.10%
Other 7.68%
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Market Capitalization

As of December 31, 2025
Large 24.35%
Mid 27.42%
Small 48.23%
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Region Exposure

% Developed Markets: 94.59%    % Emerging Markets: 2.13%    % Unidentified Markets: 3.28%

Americas 77.61%
74.74%
Canada 9.22%
United States 65.52%
2.87%
Chile 0.18%
Mexico 1.27%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.30%
United Kingdom 5.39%
7.91%
Belgium 0.47%
France 2.53%
Germany 0.50%
Ireland 0.04%
Italy 2.54%
Spain 0.88%
Sweden 0.51%
0.00%
0.00%
Greater Asia 5.80%
Japan 1.53%
1.67%
Australia 1.67%
2.60%
Hong Kong 0.81%
Singapore 1.79%
0.00%
Unidentified Region 3.28%

Bond Credit Quality Exposure

AAA 0.24%
AA 0.49%
A 2.28%
BBB 35.64%
BB 34.83%
B 19.43%
Below B 1.47%
    CCC 1.37%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.10%
Not Rated 1.85%
Not Available 3.76%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
57.86%
Materials
0.00%
Consumer Discretionary
0.00%
Financials
0.77%
Real Estate
57.10%
Sensitive
14.74%
Communication Services
1.54%
Energy
7.70%
Industrials
5.50%
Information Technology
0.00%
Defensive
22.78%
Consumer Staples
0.00%
Health Care
1.62%
Utilities
21.16%
Not Classified
4.62%
Non Classified Equity
2.16%
Not Classified - Non Equity
2.46%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 1.12%
Corporate 82.22%
Securitized 5.49%
Municipal 0.00%
Other 11.16%
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Bond Maturity Exposure

Short Term
0.55%
Less than 1 Year
0.55%
Intermediate
54.91%
1 to 3 Years
4.34%
3 to 5 Years
16.17%
5 to 10 Years
34.41%
Long Term
40.64%
10 to 20 Years
5.08%
20 to 30 Years
19.21%
Over 30 Years
16.35%
Other
3.90%
As of December 31, 2025
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