Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.07%
Stock 52.70%
Bond 45.64%
Convertible 0.00%
Preferred 0.41%
Other 1.18%
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Market Capitalization

As of December 31, 2025
Large 60.55%
Mid 21.85%
Small 17.60%
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Region Exposure

% Developed Markets: 86.35%    % Emerging Markets: 12.23%    % Unidentified Markets: 1.42%

Americas 71.16%
65.35%
Canada 32.02%
United States 33.33%
5.81%
Argentina 0.34%
Brazil 1.00%
Chile 0.39%
Colombia 0.24%
Mexico 0.60%
Peru 0.23%
Venezuela 0.13%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 15.67%
United Kingdom 3.43%
8.13%
Austria 0.03%
Denmark 0.06%
France 3.32%
Germany 0.51%
Greece 0.29%
Ireland 0.51%
Italy 0.42%
Netherlands 0.41%
Spain 0.03%
Sweden 0.44%
Switzerland 1.30%
1.82%
Czech Republic 0.34%
Poland 0.22%
Turkey 0.34%
2.29%
Egypt 0.32%
Nigeria 0.18%
Saudi Arabia 0.10%
South Africa 0.30%
United Arab Emirates 0.28%
Greater Asia 11.75%
Japan 3.47%
1.71%
Australia 1.71%
2.69%
Hong Kong 0.68%
Singapore 0.67%
South Korea 0.44%
Taiwan 0.69%
3.88%
China 2.17%
India 0.41%
Indonesia 0.29%
Kazakhstan 0.23%
Malaysia 0.17%
Philippines 0.03%
Thailand 0.23%
Unidentified Region 1.42%

Bond Credit Quality Exposure

AAA 1.87%
AA 1.49%
A 16.00%
BBB 27.92%
BB 23.77%
B 13.93%
Below B 3.84%
    CCC 3.68%
    CC 0.00%
    C 0.16%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.48%
Not Available 10.70%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
50.78%
Materials
4.15%
Consumer Discretionary
6.24%
Financials
17.93%
Real Estate
22.47%
Sensitive
25.68%
Communication Services
3.49%
Energy
8.76%
Industrials
7.53%
Information Technology
5.91%
Defensive
22.94%
Consumer Staples
10.05%
Health Care
9.30%
Utilities
3.60%
Not Classified
0.60%
Non Classified Equity
0.60%
Not Classified - Non Equity
0.00%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 23.43%
Corporate 69.92%
Securitized 0.10%
Municipal 0.05%
Other 6.50%
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Bond Maturity Exposure

Short Term
5.98%
Less than 1 Year
5.98%
Intermediate
74.44%
1 to 3 Years
9.13%
3 to 5 Years
25.96%
5 to 10 Years
39.34%
Long Term
19.25%
10 to 20 Years
8.34%
20 to 30 Years
6.65%
Over 30 Years
4.26%
Other
0.34%
As of December 31, 2025
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