Asset Allocation

As of December 31, 2025.
Type % Net
Cash -1.97%
Stock 83.75%
Bond 11.97%
Convertible 0.00%
Preferred 0.19%
Other 6.07%
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Market Capitalization

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

% Developed Markets: 91.01%    % Emerging Markets: 6.24%    % Unidentified Markets: 2.75%

Americas 66.05%
64.88%
Canada 2.66%
United States 62.22%
1.17%
Argentina 0.00%
Brazil 0.42%
Chile 0.07%
Colombia 0.05%
Mexico 0.29%
Peru 0.09%
Venezuela 0.00%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 16.24%
United Kingdom 3.33%
11.26%
Austria 0.08%
Belgium 0.21%
Denmark 0.39%
Finland 0.23%
France 1.81%
Germany 1.75%
Greece 0.05%
Ireland 1.07%
Italy 0.73%
Netherlands 1.18%
Norway 0.14%
Portugal 0.04%
Spain 0.74%
Sweden 0.70%
Switzerland 2.05%
0.39%
Czech Republic 0.05%
Poland 0.16%
Russia 0.00%
Turkey 0.09%
1.25%
Egypt 0.02%
Israel 0.27%
Nigeria 0.01%
Qatar 0.06%
Saudi Arabia 0.28%
South Africa 0.40%
United Arab Emirates 0.13%
Greater Asia 14.97%
Japan 5.12%
1.49%
Australia 1.42%
4.20%
Hong Kong 0.71%
Singapore 0.39%
South Korea 1.35%
Taiwan 1.75%
4.16%
China 2.07%
India 1.51%
Indonesia 0.14%
Kazakhstan 0.00%
Malaysia 0.21%
Philippines 0.07%
Thailand 0.15%
Unidentified Region 2.75%

Bond Credit Quality Exposure

AAA 6.57%
AA 65.08%
A 4.09%
BBB 5.38%
BB 2.65%
B 0.55%
Below B 1.49%
    CCC 1.18%
    CC 0.17%
    C 0.05%
    DDD 0.00%
    DD 0.00%
    D 0.08%
Not Rated 1.95%
Not Available 12.24%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
28.65%
Materials
3.53%
Consumer Discretionary
8.75%
Financials
14.50%
Real Estate
1.88%
Sensitive
41.23%
Communication Services
6.84%
Energy
2.86%
Industrials
9.57%
Information Technology
21.97%
Defensive
14.04%
Consumer Staples
4.21%
Health Care
7.61%
Utilities
2.22%
Not Classified
16.07%
Non Classified Equity
0.19%
Not Classified - Non Equity
15.88%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 68.12%
Corporate 7.31%
Securitized 22.01%
Municipal 0.45%
Other 2.11%
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Bond Maturity Exposure

Short Term
3.76%
Less than 1 Year
3.76%
Intermediate
27.63%
1 to 3 Years
6.39%
3 to 5 Years
8.86%
5 to 10 Years
12.39%
Long Term
65.17%
10 to 20 Years
23.12%
20 to 30 Years
26.17%
Over 30 Years
15.88%
Other
3.43%
As of December 31, 2025
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