Asset Allocation

As of September 30, 2025.
Type % Net
Cash 10.55%
Stock 53.16%
Bond 33.59%
Convertible 0.00%
Preferred 0.00%
Other 2.69%
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Market Capitalization

As of September 30, 2025
Large 24.68%
Mid 35.83%
Small 39.49%
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Region Exposure

% Developed Markets: 95.62%    % Emerging Markets: 0.94%    % Unidentified Markets: 3.44%

Americas 71.13%
70.85%
Canada 3.10%
United States 67.75%
0.28%
Brazil 0.06%
Chile 0.02%
Colombia 0.00%
Mexico 0.05%
As of September 30, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 9.99%
United Kingdom 2.98%
6.03%
Austria 0.05%
Belgium 0.42%
Finland 0.14%
France 1.57%
Germany 1.13%
Greece 0.00%
Ireland 0.07%
Italy 0.01%
Netherlands 0.16%
Norway 0.06%
Spain 0.23%
Sweden 0.98%
Switzerland 0.99%
0.03%
Poland 0.00%
Russia 0.00%
Turkey 0.02%
0.95%
Egypt 0.01%
Israel 0.66%
Qatar 0.01%
Saudi Arabia 0.06%
South Africa 0.07%
United Arab Emirates 0.12%
Greater Asia 15.44%
Japan 6.14%
5.01%
Australia 4.96%
3.71%
Hong Kong 1.76%
Singapore 1.88%
South Korea 0.02%
Taiwan 0.05%
0.58%
China 0.15%
India 0.17%
Indonesia 0.02%
Malaysia 0.04%
Philippines 0.18%
Thailand 0.03%
Unidentified Region 3.44%

Bond Credit Quality Exposure

AAA 4.51%
AA 55.34%
A 13.40%
BBB 6.28%
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 20.47%
Short Term 0.00%
As of September 30, 2025
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Stock Sector Exposure

Cyclical
78.77%
Materials
1.75%
Consumer Discretionary
0.00%
Financials
0.00%
Real Estate
77.02%
Sensitive
4.41%
Communication Services
0.03%
Energy
4.38%
Industrials
0.00%
Information Technology
0.00%
Defensive
0.16%
Consumer Staples
0.10%
Health Care
0.00%
Utilities
0.06%
Not Classified
16.67%
Non Classified Equity
3.84%
Not Classified - Non Equity
12.83%
As of September 30, 2025
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Bond Sector Exposure

As of September 30, 2025
Type % Net
Government 67.13%
Corporate 31.74%
Securitized 0.00%
Municipal 0.00%
Other 1.13%
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Bond Maturity Exposure

Short Term
44.57%
Less than 1 Year
44.57%
Intermediate
55.43%
1 to 3 Years
39.20%
3 to 5 Years
16.23%
5 to 10 Years
0.00%
Long Term
0.00%
10 to 20 Years
0.00%
20 to 30 Years
0.00%
Over 30 Years
0.00%
Other
0.00%
As of September 30, 2025
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