Benchmark Morningstar Category
Conservative Allocation

Asset Allocation

 

EARAX

 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 06/30/2014
Cash 21.73 21.73 5.57 8.32
US Stock 33.71 33.71 26.09 27.52
Non US Stock 17.18 17.18 11.28 7.88
Bond 26.97 26.97 54.98 53.60
Other 0.41 0.41 2.08 2.68
 

Style Details

 

EARAX

Avg Market Cap USD
20,197 Mil
 
Benchmark Market Cap USD
26,406 Mil
 
Category Avg Market Cap USD
43,158 Mil
Market Capitalization
Size % of Portfolio Benchmark Category Avg
Giant 31.03 38.56 49.89
Large 28.01 26.70 25.21
Medium 27.20 25.39 17.75
Small 9.78 9.11 5.89
Micro 3.98 0.24 1.26
Value & Growth Measures
Stock Portfolio Benchmark Category Avg
As of 06/30/2014
*Forward-looking based on historical data
Style and Market Cap Breakdown and Value and Growth Measures are calculated only using the long position holdings of the portfolio.
Price/Prospective Earnings* 16.17 15.99 17.05
Price/Book* 2.02 1.87 2.11
Price/Sales* 1.06 1.23 1.56
Price/Cash Flow* 7.33 6.68 7.73
Dividend Yield %* 2.34 2.36 2.64
Long-Term Earnings % 12.48 10.36 10.54
Historical Earnings % 24.83 -32.02 -18.20
Sales Growth % 2.29 -23.30 -3.92
Cash-Flow Growth % 7.49 0.41 4.09
Book-Value Growth % 4.64 -11.86 -18.14
 
Ownership Zone
Weighted Average of holdings

75% of fund's stock holdings
 
Holdings Style
Portfolio Weight%
> 50% 25–50% 10–25% 0–10%
Investment Style History
Year Style % Equity
*As of 06/30/2014
Style Box Detail calculations do not include the fund's short positions (if any).
2014* 50.89
2013 62.61
2012 45.45
2011 41.05
Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 06/30/2014
2014 26.97
2013 24.79
2012 43.94
2011 55.74
 
Bond Statistics
Detail Value
As of 06/30/2014, *As of 06/30/2014
Average Effective Duration (Years)* 10.10
Average Effective Maturity (Years)* 21.56
Average Credit Quality BB
Average Weighted Coupon* 3.89
Average Weighted Price* 99.88
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 0.00 38.18 32.51
AA 0.64 29.86 11.07
A 9.64 18.26 10.82
BBB 28.31 13.52 12.59
BB 14.95 0.14 8.26
B 7.11 0.04 8.72
Below B 0.48 0.00 7.40
Not Rated 38.85 0.00 8.64
As of 06/30/2014
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

EARAX

% Stocks Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
Cyclical
Basic Materials 4.35 5.72 5.59
Consumer Cyclical 12.64 11.13 10.50
Financial Services 14.63 17.41 15.01
Real Estate 1.99 3.89 4.56
Sensitive
Communication Services 2.58 3.84 3.72
Energy 11.35 9.59 11.91
Industrials 20.83 11.99 11.00
Technology 11.11 12.99 12.98
Defensive
Consumer Defensive 9.48 8.62 7.54
Healthcare 8.34 10.27 11.80
Utilities 2.70 4.55 5.39
As of 06/30/2014
Sector data is calculated only using the long position holdings of the portfolio.
Fixed-Income Sectors
Type % Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
Government 25.82 68.76 33.43
Government 25.82 66.28 23.86
Government-Related 0.00 2.48 9.57
       
Corporate 0.00 21.86 25.68
       
Securitized 0.00 0.17 16.98
Agency Mortgage-Backed 0.00 0.11 8.40
Non-Agency Residential MBS 0.00 0.02 1.94
Commercial MBS 0.00 0.01 4.26
Asset-Backed 0.00 0.00 2.35
Covered Bond 0.00 0.03 0.03
       
Municipal 29.57 0.03 1.68
       
Cash & Equivalents 44.62 9.18 16.33
       
Other 0.00 0.00 5.88
As of 06/30/2014
Sector data is calculated only using the rescaled long position holdings of the portfolio.
Coupon Range
Type % Bonds Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
0% PIK 0.66 0.04 9.47
0% to 4% 46.66 76.59 49.76
4% to 6% 40.09 16.71 23.95
6% to 8% 11.32 5.19 10.67
8% to 10% 1.17 1.40 4.04
10% to 12% 0.10 0.06 0.40
More than 12% 0.00 0.00 1.72
As of 06/30/2014
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

EARAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 100.00 77.19 85.19
As of 06/30/2014
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

EARAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 8.05 33.18 21.16
3 to 5 Years 20.58 24.91 21.92
5 to 7 Years 19.92 16.95 13.93
7 to 10 Years 3.86 10.81 13.21
10 to 15 Years 8.09 4.24 4.88
15 to 20 Years 11.03 1.99 2.37
20 to 30 Years 21.18 7.39 15.26
Over 30 Years 7.29 0.53 7.28
As of 06/30/2014
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World Regions

 

EARAX

% Stocks Benchmark Category Avg
As of 06/30/2014
Region breakdown data is calculated by using the long position holdings of the portfolio equity part only.
Americas 66.24 73.17 80.11
North America 66.23 72.04 79.57
Latin America 0.00 1.13 0.54
Greater Europe 27.66 15.52 14.14
United Kingdom 7.34 4.66 5.55
Europe Developed 20.32 9.58 8.10
Europe Emerging 0.00 0.60 0.21
Africa/Middle East 0.00 0.68 0.28
Greater Asia 6.10 11.31 5.76
Japan 5.65 4.25 2.50
Australasia 0.20 1.55 1.11
Asia Developed 0.00 3.06 1.16
Asia Emerging 0.24 2.46 0.98
Market Classification
% Developed Markets 99.75 95.29 98.16
% Emerging Markets 0.25 4.71 1.84
 
Greater Asia Americas Greater Europe

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