Benchmark Morningstar Category
Tactical Allocation

Asset Allocation

 

PAUAX


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 12/31/2013
Cash -67.13 149.34 82.21 0.02 6.47
US Stock -6.52 8.54 2.03 49.18 35.00
Non US Stock 1.27 0.60 1.87 27.12 13.22
Bond 149.91 15.29 165.21 19.81 39.81
Other 22.47 23.70 46.17 3.88 5.50
 

Style Details

 

PAUAX

Avg Market Cap USD
28,472 Mil
 
Benchmark Market Cap USD
23,613 Mil
 
Category Avg Market Cap USD
25,406 Mil
Market Capitalization
Size % of Portfolio Benchmark Category Avg
Giant 43.78 37.82 39.81
Large 27.06 27.06 25.16
Medium 20.30 24.92 25.27
Small 8.36 9.93 8.11
Micro 0.50 0.27 1.65
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* 14.08 15.53 14.70
Price/Book* 1.65 1.88 2.11
Price/Sales* 1.32 1.17 1.33
Price/Cash Flow* 7.38 6.53 7.51
Dividend Yield %* 3.02 2.37 2.22
Long-Term Earnings % 9.70 8.96 10.20
Historical Earnings % 5.30 -13.19 -2.52
Sales Growth % 0.20 -36.80 -24.89
Cash-Flow Growth % 2.34 -13.86 0.01
Book-Value Growth % 2.35 -23.39 -15.18
 
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* -5.25
2012 -17.14
2011 -2.57
2010 -17.68
2009 0.01
Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 03/31/2010
2013 149.91
2012 115.78
2011 137.97
2010 121.13
2009 122.25
 
Bond Statistics
Detail Value
As of 03/31/2010, *As of 12/31/2013
Average Effective Duration (Years)* 4.84
Average Effective Maturity (Years)* 6.95
Average Credit Quality Not Rated
Average Weighted Coupon* 4.26
Average Weighted Price*
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 36.48 49.11
AA 31.84 4.08
A 19.01 2.15
BBB 12.52 1.20
BB 0.13 3.67
B 0.03 16.64
Below B 0.00 4.05
Not Rated 0.00 19.11
As of 03/31/2010
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

PAUAX

% Stocks Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
Cyclical
Basic Materials 2.55 6.07 4.78
Consumer Cyclical 2.44 11.40 12.87
Financial Services 21.37 17.78 16.06
Real Estate 5.57 3.90 4.27
Sensitive
Communication Services 0.30 3.99 3.49
Energy 10.91 8.87 9.62
Industrials 11.73 12.32 11.43
Technology 15.02 13.10 12.91
Defensive
Consumer Defensive 25.12 8.49 9.19
Healthcare 4.74 10.04 11.90
Utilities 0.24 4.04 3.47
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 31.87 74.35 35.17
       
Corporate 15.15 25.41 17.43
       
Securitized 9.64 0.16 9.17
       
Municipal 0.86 0.00 0.28
       
Cash & Equivalents 22.07 0.08 28.17
       
Other 20.40 0.00 9.77
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 12.03 0.07 18.77
0% to 4% 41.90 75.32 49.71
4% to 6% 23.11 17.34 17.42
6% to 8% 12.14 5.34 8.28
8% to 10% 8.88 1.87 4.57
10% to 12% 1.73 0.07 1.15
More than 12% 0.21 0.00 0.09
As of 12/31/2013
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

PAUAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 74.19 74.10 79.98
Cayman Islands 2.52 0.60 4.04
Luxembourg 2.22 0.25 1.30
Brazil 2.02 0.22 0.30
United Kingdom 1.77 3.45 1.82
Mexico 1.37 0.31 0.43
South Africa 1.35 0.01 0.17
Ireland 1.35 0.21 0.25
Netherlands 1.24 1.46 1.05
Canada 1.05 1.35 1.81
As of 12/31/2013
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

PAUAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 28.51 27.64 12.75
3 to 5 Years 17.78 31.14 13.91
5 to 7 Years 14.50 23.99 9.73
7 to 10 Years 13.88 7.31 38.68
10 to 15 Years 3.63 2.91 2.31
15 to 20 Years 2.79 2.08 0.76
20 to 30 Years 11.90 4.39 13.87
Over 30 Years 7.01 0.54 7.99
As of 12/31/2013
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World Regions

 

PAUAX

% 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 54.14 68.29 75.45
North America 52.81 66.83 74.50
Latin America 1.33 1.46 0.96
Greater Europe 36.05 17.95 15.26
United Kingdom 14.03 5.12 5.32
Europe Developed 21.35 11.07 8.87
Europe Emerging 0.14 0.85 0.46
Africa/Middle East 0.53 0.90 0.61
Greater Asia 9.81 13.76 9.29
Japan 3.30 4.64 3.18
Australasia 0.08 1.81 0.50
Asia Developed 5.71 3.77 2.22
Asia Emerging 0.72 3.53 3.40
Market Classification
% Developed Markets 97.36 93.44 94.46
% Emerging Markets 2.65 6.56 5.54
 
Greater Asia Americas Greater Europe

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