Asset Allocation

As of December 31, 2025.
Type % Net
Cash 10.32%
Stock 28.79%
Bond 57.76%
Convertible 0.00%
Preferred 1.98%
Other 1.15%
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Market Capitalization

As of December 31, 2025
Large 0.81%
Mid 1.92%
Small 97.27%
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Region Exposure

% Developed Markets: 83.74%    % Emerging Markets: 0.92%    % Unidentified Markets: 15.34%

Americas 81.05%
80.13%
Canada 1.34%
United States 78.79%
0.92%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.61%
United Kingdom 0.00%
3.61%
Norway 1.53%
Sweden 2.08%
0.00%
0.00%
Greater Asia 0.00%
Japan 0.00%
0.00%
0.00%
0.00%
Unidentified Region 15.34%

Bond Credit Quality Exposure

AAA 5.01%
AA 19.66%
A 6.94%
BBB 1.44%
BB 14.69%
B 23.34%
Below B 1.40%
    CCC 0.57%
    CC 0.58%
    C 0.24%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.76%
Not Available 26.77%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
54.07%
Materials
3.92%
Consumer Discretionary
0.00%
Financials
10.26%
Real Estate
39.88%
Sensitive
8.23%
Communication Services
0.00%
Energy
4.02%
Industrials
0.00%
Information Technology
4.21%
Defensive
0.00%
Consumer Staples
0.00%
Health Care
0.00%
Utilities
0.00%
Not Classified
37.70%
Non Classified Equity
0.16%
Not Classified - Non Equity
37.54%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 14.38%
Corporate 46.63%
Securitized 35.04%
Municipal 0.00%
Other 3.95%
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Bond Maturity Exposure

Short Term
15.44%
Less than 1 Year
15.44%
Intermediate
51.11%
1 to 3 Years
31.54%
3 to 5 Years
12.86%
5 to 10 Years
6.71%
Long Term
33.45%
10 to 20 Years
5.23%
20 to 30 Years
19.19%
Over 30 Years
9.04%
Other
0.00%
As of December 31, 2025
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