Benchmark Morningstar Category
Multisector Bond

Asset Allocation

 

PONAX


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 06/30/2014
Cash -23.59 58.61 35.02 5.26
US Stock 0.00 0.00 0.00 1.08
Non US Stock 0.00 0.00 0.00 0.07
Bond 116.78 14.34 131.12 91.67
Other 6.81 0.81 7.62 1.92
 

Style Details

 

PONAX

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 03/31/2010
2014 116.78
2013 132.73
2012 141.15
2011 146.01
2010 135.02
 
Bond Statistics
Detail Value
As of 03/31/2010, *As of 06/30/2014
Average Effective Duration (Years)* 4.09
Average Effective Maturity (Years)* 6.62
Average Credit Quality Not Rated
Average Weighted Coupon* 4.09
Average Weighted Price*
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 22.09
AA 6.33
A 16.83
BBB 21.02
BB 15.81
B 11.91
Below B 4.09
Not Rated 1.91
As of 03/31/2010
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

PONAX

Fixed-Income Sectors
Type % Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
Government 16.98 30.45
U.S. Treasury 0.34 9.84
U.S. Treasury Inflation-Protected 0.00 0.01
U.S. Agency 0.03 0.46
Non-U.S. Government 4.28 8.83
Other Government Related 12.33 11.31
       
Corporate 15.49 34.57
Corporate Bond 10.67 33.71
Bank Loan 4.78 0.29
Convertible 0.00 0.04
Preferred 0.04 0.52
       
Securitized 32.61 22.72
Agency MBS Pass-Through 3.88 0.78
Agency MBS ARM 0.00 0.07
Agency MBS CMO 1.21 3.72
Non-Agency Residential MBS 11.55 5.05
Commercial MBS 5.43 9.57
Asset-Backed 10.55 3.52
Covered Bond 0.00 0.00
       
Municipal 0.02 1.55
       
Cash & Equivalents 21.38 10.57
       
Other 13.53 0.16
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% 1.43 11.24
0% to 4% 45.62 27.53
4% to 6% 41.66 25.71
6% to 8% 7.33 15.50
8% to 10% 3.72 15.64
10% to 12% 0.10 4.28
More than 12% 0.13 0.10
As of 06/30/2014
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

PONAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 83.34 72.43
Cayman Islands 7.32 2.02
Luxembourg 2.41 1.86
Ireland 1.21 0.96
Brazil 0.95 1.09
Netherlands 0.92 1.27
France 0.69 0.91
United Kingdom 0.69 2.15
Indonesia 0.59 0.72
Costa Rica 0.24 0.04
As of 06/30/2014
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

PONAX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 5.41 13.96
3 to 5 Years 15.71 18.15
5 to 7 Years 4.51 16.88
7 to 10 Years 17.99 13.19
10 to 15 Years 2.62 3.53
15 to 20 Years 3.91 1.56
20 to 30 Years 25.06 26.68
Over 30 Years 24.79 6.05
As of 06/30/2014

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