Benchmark Morningstar Category
Tactical Allocation

Asset Allocation

 

PASAX


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 06/30/2014
Cash -29.03 91.37 62.34 0.02 15.01
US Stock 1.36 0.10 1.46 50.86 36.55
Non US Stock 1.14 0.02 1.16 24.95 10.80
Bond 91.80 15.36 107.16 20.24 37.63
Other 34.72 7.62 42.35 3.93 0.02
 

Style Details

 

PASAX

Avg Market Cap USD
26,708 Mil
 
Benchmark Market Cap USD
24,240 Mil
 
Category Avg Market Cap USD
30,402 Mil
Market Capitalization
Size % of Portfolio Benchmark Category Avg
Giant 39.64 37.95 43.93
Large 29.65 25.88 23.15
Medium 21.27 24.71 21.42
Small 8.76 10.86 9.24
Micro 0.68 0.60 2.26
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* 15.24 15.96
Price/Book* 1.94 1.87
Price/Sales* 1.28 1.23
Price/Cash Flow* 7.48 6.76
Dividend Yield %* 2.83 2.38
Long-Term Earnings % 10.22 10.36
Historical Earnings % 5.10 -9.68
Sales Growth % 2.36 -12.91
Cash-Flow Growth % 1.80 0.71
Book-Value Growth % -4.65 -12.15
 
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* 2.50
2013 4.09
2012 0.28
2011 2.03
2010 -4.04
Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 03/31/2010
2014 91.80
2013 115.47
2012 90.59
2011 105.31
2010 99.43
 
Bond Statistics
Detail Value
As of 03/31/2010, *As of 06/30/2014
Average Effective Duration (Years)* 2.88
Average Effective Maturity (Years)*
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 41.23 37.78
AA 27.14 13.93
A 18.30 9.18
BBB 13.14 10.62
BB 0.15 5.20
B 0.04 6.06
Below B 0.00 2.51
Not Rated 0.00 14.72
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 4.10 5.50 3.94
Consumer Cyclical 4.74 11.26 11.76
Financial Services 17.25 17.83 17.16
Real Estate 4.70 4.43 5.67
Sensitive
Communication Services 2.26 3.86 3.28
Energy 11.41 8.00 8.91
Industrials 11.24 11.92 10.29
Technology 13.71 13.52 14.95
Defensive
Consumer Defensive 24.21 8.36 7.40
Healthcare 5.17 10.93 13.72
Utilities 1.21 4.39 2.93
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 32.04 74.37 38.50
       
Corporate 15.56 25.35 15.85
       
Securitized 7.60 0.18 7.19
       
Municipal 0.52 0.00 0.20
       
Cash & Equivalents 26.82 0.10 35.91
       
Other 17.47 0.00 2.36
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% 16.52 0.06 20.94
0% to 4% 39.58 77.33 51.32
4% to 6% 22.54 16.54 17.25
6% to 8% 12.02 4.30 7.11
8% to 10% 5.81 1.72 2.76
10% to 12% 2.56 0.06 0.56
More than 12% 0.97 0.00 0.06
As of 06/30/2014
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 68.20 74.18 78.45
Cayman Islands 3.24 0.60 3.32
Luxembourg 3.14 0.21 1.04
Netherlands 2.21 1.40 1.05
Ireland 1.77 0.24 0.20
Mexico 1.77 0.30 0.48
Brazil 1.65 0.21 0.23
United Kingdom 1.64 3.48 3.28
Indonesia 1.57 0.02 0.33
Poland 1.25 0.00 0.08
As of 06/30/2014
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 33.27 28.23 14.09
3 to 5 Years 15.56 29.65 14.44
5 to 7 Years 13.89 24.70 14.13
7 to 10 Years 13.61 7.01 33.58
10 to 15 Years 4.28 3.23 1.88
15 to 20 Years 2.39 1.97 1.20
20 to 30 Years 12.28 4.62 10.45
Over 30 Years 4.71 0.59 10.23
As of 06/30/2014
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World Regions

 

PASAX

% 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 58.80 70.91 79.02
North America 57.85 69.46 78.47
Latin America 0.95 1.45 0.55
Greater Europe 32.05 15.78 13.53
United Kingdom 10.47 4.63 4.09
Europe Developed 21.08 9.57 8.69
Europe Emerging 0.04 0.70 0.35
Africa/Middle East 0.45 0.89 0.40
Greater Asia 9.15 13.31 7.44
Japan 3.17 4.73 2.82
Australasia 0.94 1.72 1.12
Asia Developed 4.89 3.53 1.66
Asia Emerging 0.15 3.33 1.84
Market Classification
% Developed Markets 98.42 93.83 97.06
% Emerging Markets 1.58 6.17 2.94
 
Greater Asia Americas Greater Europe

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