Asset Allocation

As of December 31, 2025.
Type % Net
Cash 11.48%
Stock 78.92%
Bond 8.36%
Convertible 0.00%
Preferred 0.05%
Other 1.19%
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Market Capitalization

As of December 31, 2025
Large 49.62%
Mid 18.71%
Small 31.67%
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Region Exposure

% Developed Markets: 85.88%    % Emerging Markets: 1.82%    % Unidentified Markets: 12.30%

Americas 71.64%
71.11%
Canada 0.52%
United States 70.60%
0.52%
Brazil 0.15%
Chile 0.01%
Colombia 0.01%
Mexico 0.03%
Peru 0.01%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.31%
United Kingdom 2.16%
6.62%
Austria 0.01%
Belgium 0.08%
Denmark 0.12%
Finland 0.15%
France 1.06%
Germany 0.88%
Greece 0.03%
Ireland 0.62%
Italy 0.59%
Netherlands 0.72%
Norway 0.07%
Portugal 0.06%
Spain 0.30%
Sweden 0.24%
Switzerland 1.39%
0.07%
Czech Republic 0.01%
Poland 0.03%
Turkey 0.01%
0.47%
Egypt 0.00%
Israel 0.23%
Qatar 0.01%
Saudi Arabia 0.06%
South Africa 0.08%
United Arab Emirates 0.07%
Greater Asia 6.75%
Japan 2.37%
0.63%
Australia 0.63%
2.34%
Hong Kong 0.33%
Singapore 0.14%
South Korea 0.75%
Taiwan 1.13%
1.40%
China 0.71%
India 0.46%
Malaysia 0.00%
Philippines 0.00%
Thailand 0.22%
Unidentified Region 12.30%

Bond Credit Quality Exposure

AAA 0.00%
AA 35.40%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
    CCC 0.00%
    CC 0.00%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.00%
Not Rated 0.00%
Not Available 64.60%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
29.75%
Materials
3.39%
Consumer Discretionary
9.01%
Financials
15.25%
Real Estate
2.11%
Sensitive
44.41%
Communication Services
7.64%
Energy
2.88%
Industrials
11.70%
Information Technology
22.19%
Defensive
15.73%
Consumer Staples
3.09%
Health Care
9.73%
Utilities
2.90%
Not Classified
10.11%
Non Classified Equity
0.97%
Not Classified - Non Equity
9.14%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 84.45%
Corporate 0.00%
Securitized 15.55%
Municipal 0.00%
Other 0.00%
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Bond Maturity Exposure

Short Term
59.03%
Less than 1 Year
59.03%
Intermediate
18.83%
1 to 3 Years
12.12%
3 to 5 Years
3.19%
5 to 10 Years
3.52%
Long Term
22.14%
10 to 20 Years
3.99%
20 to 30 Years
17.48%
Over 30 Years
0.67%
Other
0.00%
As of December 31, 2025
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