Asset Allocation

As of December 31, 2025.
Type % Net
Cash 3.25%
Stock 43.32%
Bond 52.29%
Convertible 0.00%
Preferred 0.10%
Other 1.05%
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Market Capitalization

Large --
Mid --
Small --
No Data Available
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Region Exposure

% Developed Markets: 87.02%    % Emerging Markets: 8.10%    % Unidentified Markets: 4.88%

Americas 74.09%
70.96%
Canada 1.44%
United States 69.53%
3.13%
Argentina 0.11%
Brazil 0.72%
Chile 0.28%
Colombia 0.37%
Mexico 0.72%
Peru 0.12%
Venezuela 0.06%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 12.94%
United Kingdom 2.56%
7.75%
Austria 0.10%
Belgium 0.18%
Denmark 0.18%
Finland 0.12%
France 1.37%
Germany 1.23%
Greece 0.01%
Ireland 0.47%
Italy 0.50%
Netherlands 1.03%
Norway 0.04%
Portugal 0.10%
Spain 0.43%
Sweden 0.42%
Switzerland 0.91%
1.28%
Czech Republic 0.18%
Poland 0.13%
Turkey 0.15%
1.34%
Egypt 0.16%
Israel 0.10%
Nigeria 0.01%
Qatar 0.05%
Saudi Arabia 0.17%
South Africa 0.31%
United Arab Emirates 0.07%
Greater Asia 8.09%
Japan 2.73%
0.98%
Australia 0.79%
1.71%
Hong Kong 0.44%
Singapore 0.32%
South Korea 0.40%
Taiwan 0.54%
2.67%
China 0.86%
India 0.60%
Indonesia 0.30%
Kazakhstan 0.03%
Malaysia 0.27%
Pakistan 0.01%
Philippines 0.10%
Thailand 0.33%
Unidentified Region 4.88%

Bond Credit Quality Exposure

AAA 4.92%
AA 53.93%
A 6.89%
BBB 9.76%
BB 6.74%
B 3.89%
Below B 1.40%
    CCC 1.32%
    CC 0.00%
    C 0.01%
    DDD 0.00%
    DD 0.00%
    D 0.07%
Not Rated 0.23%
Not Available 12.24%
Short Term 0.00%
As of December 31, 2025
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Stock Sector Exposure

Cyclical
16.67%
Materials
2.66%
Consumer Discretionary
4.67%
Financials
7.37%
Real Estate
1.98%
Sensitive
21.83%
Communication Services
3.53%
Energy
2.06%
Industrials
5.13%
Information Technology
11.11%
Defensive
7.20%
Consumer Staples
1.92%
Health Care
4.17%
Utilities
1.11%
Not Classified
54.30%
Non Classified Equity
0.08%
Not Classified - Non Equity
54.21%
As of December 31, 2025
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 67.77%
Corporate 19.15%
Securitized 11.04%
Municipal 0.97%
Other 1.07%
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Bond Maturity Exposure

Short Term
7.80%
Less than 1 Year
7.80%
Intermediate
66.39%
1 to 3 Years
20.12%
3 to 5 Years
30.17%
5 to 10 Years
16.10%
Long Term
25.55%
10 to 20 Years
8.97%
20 to 30 Years
14.89%
Over 30 Years
1.69%
Other
0.26%
As of December 31, 2025
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