Asset Allocation

As of December 31, 2025.
Type % Net
Cash 2.82%
Stock 60.83%
Bond 35.08%
Convertible 0.09%
Preferred 0.50%
Other 0.68%
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Market Capitalization

As of December 31, 2025
Large 81.51%
Mid 9.90%
Small 8.59%
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Region Exposure

% Developed Markets: 88.05%    % Emerging Markets: 10.77%    % Unidentified Markets: 1.18%

Americas 76.23%
71.63%
Canada 41.83%
United States 29.80%
4.60%
Argentina 0.33%
Brazil 0.63%
Chile 0.24%
Colombia 0.42%
Mexico 0.72%
Peru 0.27%
Venezuela 0.08%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 13.88%
United Kingdom 2.70%
7.16%
Austria 0.02%
Belgium 0.04%
Denmark 0.12%
Finland 0.11%
France 1.19%
Germany 0.91%
Greece 0.06%
Ireland 1.38%
Italy 0.26%
Netherlands 0.96%
Norway 0.20%
Spain 0.55%
Sweden 0.11%
Switzerland 0.77%
1.18%
Czech Republic 0.04%
Poland 0.13%
Turkey 0.54%
2.84%
Egypt 0.34%
Israel 0.02%
Nigeria 0.17%
Qatar 0.12%
Saudi Arabia 0.24%
South Africa 0.80%
United Arab Emirates 0.35%
Greater Asia 8.71%
Japan 1.90%
0.24%
Australia 0.24%
3.24%
Hong Kong 0.97%
Singapore 0.20%
South Korea 0.81%
Taiwan 1.25%
3.34%
China 1.11%
India 0.90%
Indonesia 0.34%
Kazakhstan 0.07%
Malaysia 0.12%
Pakistan 0.16%
Philippines 0.21%
Thailand 0.06%
Unidentified Region 1.18%

Bond Credit Quality Exposure

AAA 9.02%
AA 9.37%
A 16.20%
BBB 23.92%
BB 15.96%
B 9.74%
Below B 2.54%
    CCC 2.38%
    CC 0.00%
    C 0.10%
    DDD 0.00%
    DD 0.00%
    D 0.07%
Not Rated 0.17%
Not Available 13.07%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
27.27%
Materials
3.55%
Consumer Discretionary
3.42%
Financials
17.03%
Real Estate
3.26%
Sensitive
25.75%
Communication Services
3.55%
Energy
6.10%
Industrials
6.70%
Information Technology
9.41%
Defensive
9.70%
Consumer Staples
2.70%
Health Care
4.24%
Utilities
2.75%
Not Classified
37.29%
Non Classified Equity
0.03%
Not Classified - Non Equity
37.25%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 30.24%
Corporate 50.84%
Securitized 0.06%
Municipal 12.51%
Other 6.36%
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Bond Maturity Exposure

Short Term
8.27%
Less than 1 Year
8.27%
Intermediate
61.33%
1 to 3 Years
9.70%
3 to 5 Years
17.38%
5 to 10 Years
34.25%
Long Term
28.43%
10 to 20 Years
10.89%
20 to 30 Years
13.27%
Over 30 Years
4.27%
Other
1.98%
As of December 31, 2025
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