Asset Allocation

As of September 30, 2025.
Type % Net
Cash 18.39%
Stock 47.35%
Bond 32.89%
Convertible 0.00%
Preferred 1.37%
Other 0.00%
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Market Capitalization

As of September 30, 2025
Large 83.41%
Mid 9.14%
Small 7.45%
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Region Exposure

% Developed Markets: 75.68%    % Emerging Markets: 5.93%    % Unidentified Markets: 18.39%

Americas 46.67%
40.74%
United States 40.74%
5.93%
Argentina 1.13%
Colombia 1.08%
Mexico 3.72%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 21.44%
United Kingdom 4.64%
16.80%
France 2.73%
Germany 1.37%
Netherlands 1.11%
Norway 4.79%
Sweden 4.12%
Switzerland 2.69%
0.00%
0.00%
Greater Asia 13.50%
Japan 3.64%
7.87%
Australia 7.87%
2.00%
South Korea 2.00%
0.00%
Unidentified Region 18.39%

Bond Credit Quality Exposure

AAA 6.39%
AA 24.60%
A 12.20%
BBB 38.42%
BB 13.68%
B 0.00%
Below B 3.43%
    CCC 3.43%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.28%
Not Available 0.00%
Short Term 0.00%
As of September 30, 2025
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Stock Sector Exposure

Cyclical
44.88%
Materials
23.34%
Consumer Discretionary
2.81%
Financials
18.74%
Real Estate
0.00%
Sensitive
40.22%
Communication Services
27.43%
Energy
6.89%
Industrials
0.00%
Information Technology
5.90%
Defensive
14.90%
Consumer Staples
4.54%
Health Care
10.36%
Utilities
0.00%
Not Classified
0.00%
Non Classified Equity
0.00%
Not Classified - Non Equity
0.00%
As of September 30, 2025
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 20.05%
Corporate 55.16%
Securitized 0.00%
Municipal 13.91%
Other 10.88%
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Bond Maturity Exposure

Short Term
0.00%
Less than 1 Year
0.00%
Intermediate
42.09%
1 to 3 Years
9.70%
3 to 5 Years
25.36%
5 to 10 Years
7.03%
Long Term
57.91%
10 to 20 Years
20.05%
20 to 30 Years
18.43%
Over 30 Years
19.43%
Other
0.00%
As of September 30, 2025
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