Asset Allocation

As of September 30, 2025.
Type % Net
Cash 2.73%
Stock 30.71%
Bond 57.58%
Convertible 0.35%
Preferred 7.13%
Other 1.50%
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Market Capitalization

As of September 30, 2025
Large 0.81%
Mid 1.92%
Small 97.27%
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Region Exposure

% Developed Markets: 87.62%    % Emerging Markets: 0.85%    % Unidentified Markets: 11.53%

Americas 82.47%
81.01%
Canada 3.44%
United States 77.57%
1.47%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.30%
United Kingdom 0.00%
3.30%
Norway 1.43%
Sweden 1.87%
0.00%
0.00%
Greater Asia 2.69%
Japan 0.00%
2.69%
Australia 2.69%
0.00%
0.00%
Unidentified Region 11.53%

Bond Credit Quality Exposure

AAA 4.63%
AA 25.85%
A 7.06%
BBB 1.30%
BB 13.64%
B 22.87%
Below B 1.29%
    CCC 0.53%
    CC 0.54%
    C 0.22%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 1.08%
Not Available 22.28%
Short Term 0.00%
As of September 30, 2025
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Stock Sector Exposure

Cyclical
70.06%
Materials
14.17%
Consumer Discretionary
1.94%
Financials
2.51%
Real Estate
51.43%
Sensitive
17.96%
Communication Services
4.46%
Energy
4.76%
Industrials
0.00%
Information Technology
8.74%
Defensive
0.00%
Consumer Staples
0.00%
Health Care
0.00%
Utilities
0.00%
Not Classified
11.98%
Non Classified Equity
0.05%
Not Classified - Non Equity
11.93%
As of September 30, 2025
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 4.15%
Corporate 43.33%
Securitized 48.91%
Municipal 0.00%
Other 3.62%
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Bond Maturity Exposure

Short Term
6.85%
Less than 1 Year
6.85%
Intermediate
45.62%
1 to 3 Years
19.04%
3 to 5 Years
19.80%
5 to 10 Years
6.77%
Long Term
47.53%
10 to 20 Years
20.53%
20 to 30 Years
18.60%
Over 30 Years
8.40%
Other
0.00%
As of September 30, 2025
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