Asset Allocation

As of November 30, 2025.
Type % Net
Cash 10.05%
Stock 55.48%
Bond 35.48%
Convertible 0.00%
Preferred 0.11%
Other -1.12%
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Market Capitalization

As of November 30, 2025
Large 77.49%
Mid 16.86%
Small 5.66%
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Region Exposure

% Developed Markets: 93.17%    % Emerging Markets: 3.01%    % Unidentified Markets: 3.82%

Americas 79.29%
77.05%
Canada 31.66%
United States 45.38%
2.25%
Argentina 0.02%
Brazil 0.97%
Chile 0.11%
Colombia 0.08%
Mexico 0.43%
Peru 0.02%
As of November 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.12%
United Kingdom 4.38%
7.24%
Belgium 0.00%
Denmark 0.02%
Finland 0.19%
France 1.64%
Germany 0.70%
Ireland 0.63%
Italy 0.73%
Netherlands 0.58%
Norway 0.21%
Spain 0.82%
Sweden 0.00%
Switzerland 0.99%
0.09%
0.41%
Israel 0.06%
Nigeria 0.08%
Saudi Arabia 0.03%
South Africa 0.09%
Greater Asia 4.77%
Japan 1.68%
1.43%
Australia 1.43%
0.93%
Hong Kong 0.26%
Singapore 0.06%
South Korea 0.22%
Taiwan 0.29%
0.73%
China 0.46%
India 0.27%
Kazakhstan 0.00%
Unidentified Region 3.82%

Bond Credit Quality Exposure

AAA 1.40%
AA 0.98%
A 2.17%
BBB 10.96%
BB 44.42%
B 23.52%
Below B 5.82%
    CCC 5.69%
    CC 0.09%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.04%
Not Rated 0.36%
Not Available 10.37%
Short Term 0.00%
As of November 30, 2025
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Stock Sector Exposure

Cyclical
24.78%
Materials
9.44%
Consumer Discretionary
2.72%
Financials
10.38%
Real Estate
2.24%
Sensitive
15.20%
Communication Services
1.40%
Energy
8.45%
Industrials
2.98%
Information Technology
2.37%
Defensive
12.17%
Consumer Staples
3.92%
Health Care
3.94%
Utilities
4.30%
Not Classified
47.85%
Non Classified Equity
0.10%
Not Classified - Non Equity
47.75%
As of November 30, 2025
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Bond Sector Exposure

As of November 30, 2025
Type % Net
Government 10.54%
Corporate 84.41%
Securitized 3.87%
Municipal 0.08%
Other 1.09%
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Bond Maturity Exposure

Short Term
9.54%
Less than 1 Year
9.54%
Intermediate
77.20%
1 to 3 Years
14.56%
3 to 5 Years
27.93%
5 to 10 Years
34.71%
Long Term
11.80%
10 to 20 Years
5.39%
20 to 30 Years
4.55%
Over 30 Years
1.86%
Other
1.46%
As of November 30, 2025
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