Benchmark Morningstar Category
World Allocation

Asset Allocation

 

PASAX


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 12/31/2013
Cash -35.25 86.67 51.42 4.02 15.16
US Stock 1.62 0.23 1.85 27.62 26.95
Non US Stock 1.99 0.01 2.01 32.26 33.74
Bond 102.68 10.04 112.72 35.61 19.47
Other 28.95 6.57 35.52 0.50 4.68
 

Style Details

 

PASAX

Avg Market Cap USD
24,911 Mil
 
Benchmark Market Cap USD
21,838 Mil
 
Category Avg Market Cap USD
36,804 Mil
Market Capitalization
Size % of Portfolio Benchmark Category Avg
Giant 43.46 39.52 53.07
Large 27.17 26.82 27.41
Medium 18.48 27.26 15.74
Small 9.30 6.25 3.13
Micro 1.58 0.14 0.65
Value & Growth Measures
Stock Portfolio Benchmark Category Avg
As of 12/31/2013
*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* 12.61 15.48 14.91
Price/Book* 1.54 1.81 1.75
Price/Sales* 1.21 1.14 1.12
Price/Cash Flow* 6.96 6.23 6.57
Dividend Yield %* 3.16 2.41 2.29
Long-Term Earnings % 9.71 9.47 9.34
Historical Earnings % 3.90 -13.37 -7.99
Sales Growth % 0.23 -41.19 -28.80
Cash-Flow Growth % -3.39 -20.64 -28.82
Book-Value Growth % 2.60 -27.26 -66.58
 
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 12/31/2013
Style Box Detail calculations do not include the fund's short positions (if any).
2013* 3.62
2012 0.28
2011 2.03
2010 -4.04
2009 0.06
Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 03/31/2010
2013 102.68
2012 90.59
2011 105.31
2010 99.43
2009 109.58
 
Bond Statistics
Detail Value
As of 03/31/2010, *As of 12/31/2013
Average Effective Duration (Years)* 3.63
Average Effective Maturity (Years)* 5.76
Average Credit Quality Not Rated
Average Weighted Coupon* 4.47
Average Weighted Price*
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 25.62 46.69
AA 26.20 10.59
A 23.23 4.00
BBB 21.69 18.60
BB 1.65 6.62
B 1.43 8.04
Below B 0.18 3.28
Not Rated 0.00 2.17
As of 03/31/2010
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

PASAX

% Stocks Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
Cyclical
Basic Materials 3.26 7.07 5.16
Consumer Cyclical 2.65 12.21 12.71
Financial Services 21.60 17.86 16.58
Real Estate 5.21 4.12 3.68
Sensitive
Communication Services 1.37 4.18 4.47
Energy 11.70 8.42 10.60
Industrials 11.03 12.27 9.83
Technology 11.56 12.02 13.59
Defensive
Consumer Defensive 26.23 8.73 9.27
Healthcare 5.01 9.66 11.56
Utilities 0.38 3.45 2.55
As of 12/31/2013
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 31.68 66.05 30.21
Government 15.61 64.22 19.30
Government-Related 16.07 1.83 10.91
       
Corporate 17.22 23.72 16.54
       
Securitized 10.34 0.15 6.05
Agency Mortgage-Backed 4.00 0.04 0.78
Non-Agency Residential MBS 3.75 0.01 1.60
Commercial MBS 0.55 0.01 1.21
Asset-Backed 2.02 0.00 2.45
Covered Bond 0.02 0.09 0.01
       
Municipal 0.85 0.00 0.10
       
Cash & Equivalents 20.54 10.08 40.64
       
Other 19.36 0.00 6.46
As of 12/31/2013
Sector data is calculated only using the long position holdings of the portfolio.
Coupon Range
Type % Bonds Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
0% PIK 9.21 0.16 11.38
0% to 4% 41.53 61.34 50.36
4% to 6% 23.25 25.49 16.56
6% to 8% 13.59 9.56 11.12
8% to 10% 10.38 2.86 9.28
10% to 12% 1.80 0.44 0.98
More than 12% 0.25 0.15 0.34
As of 12/31/2013
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

PASAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 73.94 41.67 68.15
Cayman Islands 2.56 1.73 0.97
Luxembourg 2.36 0.90 1.23
Brazil 2.13 1.24 1.44
United Kingdom 1.56 5.68 3.18
South Africa 1.53 0.20 0.13
Ireland 1.38 0.72 0.89
Netherlands 1.30 2.20 1.28
Mexico 1.24 1.56 2.11
Canada 1.05 1.67 1.92
As of 12/31/2013
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

PASAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 22.36 16.59 12.82
3 to 5 Years 19.07 24.46 16.24
5 to 7 Years 15.23 22.64 17.42
7 to 10 Years 16.72 15.13 29.79
10 to 15 Years 3.81 4.97 7.85
15 to 20 Years 3.10 4.53 2.15
20 to 30 Years 12.18 10.25 9.85
Over 30 Years 7.53 1.43 3.88
As of 12/31/2013
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World Regions

 

PASAX

% Stocks Benchmark Category Avg
As of 12/31/2013
Region breakdown data is calculated by using the long position holdings of the portfolio equity part only.
Americas 50.49 51.74 49.63
North America 48.76 49.89 48.33
Latin America 1.74 1.85 1.30
Greater Europe 39.11 28.01 31.24
United Kingdom 13.42 8.32 9.85
Europe Developed 23.86 17.36 19.37
Europe Emerging 0.43 1.11 1.15
Africa/Middle East 1.40 1.21 0.87
Greater Asia 10.40 20.25 19.13
Japan 3.76 7.61 9.15
Australasia 0.24 2.82 1.26
Asia Developed 5.23 5.19 5.65
Asia Emerging 1.17 4.63 3.07
Market Classification
% Developed Markets 95.98 91.43 93.85
% Emerging Markets 4.02 8.57 6.15
 
Greater Asia Americas Greater Europe

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