Benchmark Morningstar Category
Tactical Allocation

Asset Allocation

 

PASAX


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 03/31/2015
Cash -23.67 103.74 80.07 1.02 23.59
US Stock 0.92 0.04 0.96 50.09 37.89
Non US Stock 0.62 0.01 0.63 26.76 10.77
Bond 80.02 73.42 153.44 19.29 25.38
Other 42.10 13.40 55.50 2.84 2.38
 

Style Details

 

PASAX

Avg Market Cap USD
19,885 Mil
 
Benchmark Market Cap USD
23,551 Mil
 
Category Avg Market Cap USD
28,459 Mil
Market Capitalization
Size % of Portfolio Benchmark Category Avg
Giant 35.33 36.91 40.29
Large 26.06 26.07 24.69
Medium 29.05 24.72 23.13
Small 8.01 11.77 9.63
Micro 1.55 0.53 2.26
Value & Growth Measures
Stock Portfolio Benchmark Category Avg
As of 03/31/2015
*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* 17.22 17.47 17.49
Price/Book* 2.21 2.00 2.09
Price/Sales* 1.40 1.28 1.37
Price/Cash Flow* 8.81 7.02 8.02
Dividend Yield %* 2.48 2.48 2.19
Long-Term Earnings % 14.99 10.57 10.89
Historical Earnings % 4.09 -26.99 -16.84
Sales Growth % -7.35 -7.57 -0.48
Cash-Flow Growth % 5.66 1.07 3.17
Book-Value Growth % -11.63 -8.40 0.46
 
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 03/31/2015
Style Box Detail calculations do not include the fund's short positions (if any).
2015* 1.54
2014 1.77
2013 4.09
2012 0.28
2011 2.03
Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 03/31/2010
2015 80.02
2014 85.74
2013 115.47
2012 90.59
2011 105.31
 
Bond Statistics
Detail Value
As of 03/31/2010, *As of 03/31/2015
Average Effective Duration (Years)* 1.62
Average Effective Maturity (Years)*
Average Credit Quality Not Rated
Average Weighted Coupon* 3.53
Average Weighted Price*
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 45.75 30.51
AA 21.00 18.51
A 18.79 10.18
BBB 13.70 9.85
BB 0.15 6.28
B 0.00 8.19
Below B 0.03 3.86
Not Rated 0.59 12.61
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 1.60 5.28 3.71
Consumer Cyclical 13.63 12.15 14.75
Financial Services 16.61 18.48 15.11
Real Estate 4.63 4.87 4.93
Sensitive
Communication Services 3.93 3.72 3.20
Energy 6.15 6.33 5.21
Industrials 12.34 11.84 11.70
Technology 12.52 13.12 14.61
Defensive
Consumer Defensive 21.35 8.57 7.35
Healthcare 6.59 11.77 16.24
Utilities 0.64 3.87 3.20
As of 03/31/2015
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 38.26 70.13 25.75
       
Corporate 9.79 24.68 11.62
       
Securitized 4.74 0.17 4.97
       
Municipal 0.28 0.00 0.11
       
Cash & Equivalents 27.36 5.02 47.46
       
Other 19.56 0.00 10.09
As of 03/31/2015
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% 14.63 0.05 12.12
0% to 4% 54.79 80.01 63.92
4% to 6% 19.27 15.49 13.79
6% to 8% 5.87 3.19 5.68
8% to 10% 2.43 1.20 2.83
10% to 12% 2.61 0.05 1.21
More than 12% 0.41 0.00 0.44
As of 03/31/2015
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 79.76 75.54 75.40
Cayman Islands 1.96 0.40 3.00
Indonesia 1.68 0.04 0.23
Netherlands 1.56 1.63 0.87
France 1.40 2.34 1.77
South Africa 1.28 0.00 0.15
United Kingdom 1.22 3.68 4.56
Luxembourg 1.21 0.12 0.89
Mexico 1.06 0.35 0.37
Canada 1.05 1.19 1.56
As of 03/31/2015
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 20.66 20.63 11.46
3 to 5 Years 34.68 31.98 36.69
5 to 7 Years 12.11 31.31 10.94
7 to 10 Years 10.21 6.41 17.95
10 to 15 Years 8.23 2.59 4.44
15 to 20 Years 1.52 1.79 1.98
20 to 30 Years 9.81 4.63 12.72
Over 30 Years 2.78 0.64 3.81
As of 03/31/2015
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World Regions

 

PASAX

% Stocks Benchmark Category Avg
As of 03/31/2015
Region breakdown data is calculated by using the long position holdings of the portfolio equity part only.
Americas 62.75 68.51 79.23
North America 61.08 67.36 78.83
Latin America 1.67 1.15 0.40
Greater Europe 23.51 16.89 11.64
United Kingdom 7.93 4.75 3.31
Europe Developed 13.91 10.68 7.80
Europe Emerging 0.70 0.53 0.15
Africa/Middle East 0.97 0.93 0.37
Greater Asia 13.74 14.60 9.12
Japan 1.28 6.07 4.61
Australasia 0.30 1.57 0.61
Asia Developed 8.23 3.41 1.44
Asia Emerging 3.93 3.55 2.47
Market Classification
% Developed Markets 93.08 94.18 96.88
% Emerging Markets 6.92 5.82 3.12
 
Greater Asia Americas Greater Europe

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