Benchmark Morningstar Category
Multisector Bond

Asset Allocation

 

PONAX


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 06/30/2014
Cash -28.59 69.81 41.22 6.09
US Stock 0.00 0.00 0.00 1.03
Non US Stock 0.00 0.00 0.00 0.08
Bond 119.48 25.98 145.46 90.89
Other 9.11 0.36 9.46 1.91
 

Style Details

 

PONAX

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 03/31/2010
2014 119.48
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* 4.04
Average Weighted Price*
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 22.05
AA 5.61
A 10.96
BBB 21.73
BB 15.97
B 14.23
Below B 5.99
Not Rated 3.45
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 17.85 27.38
U.S. Treasury 0.35 8.38
U.S. Treasury Inflation-Protected 0.00 0.02
U.S. Agency 0.03 0.45
Non-U.S. Government 4.51 8.83
Other Government Related 12.97 9.71
       
Corporate 16.11 35.40
Corporate Bond 11.22 34.54
Bank Loan 4.85 0.27
Convertible 0.00 0.08
Preferred 0.04 0.51
       
Securitized 34.30 23.38
Agency MBS Pass-Through 4.08 1.41
Agency MBS ARM 0.00 0.07
Agency MBS CMO 1.27 3.58
Non-Agency Residential MBS 12.15 4.77
Commercial MBS 5.71 10.09
Asset-Backed 11.09 3.46
Covered Bond 0.00 0.00
       
Municipal 0.03 1.50
       
Cash & Equivalents 22.41 9.80
       
Other 9.31 2.52
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% PIK 1.52 10.60
0% to 4% 48.07 27.39
4% to 6% 38.39 23.31
6% to 8% 7.80 16.91
8% to 10% 3.96 17.26
10% to 12% 0.11 4.34
More than 12% 0.14 0.19
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 72.90
Cayman Islands 7.32 1.96
Luxembourg 2.41 1.84
Ireland 1.21 0.94
Brazil 0.95 1.12
Netherlands 0.92 1.30
France 0.69 0.92
United Kingdom 0.69 1.89
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 5.75 15.60
3 to 5 Years 10.49 18.59
5 to 7 Years 4.58 15.50
7 to 10 Years 19.16 13.85
10 to 15 Years 2.79 4.05
15 to 20 Years 4.17 1.51
20 to 30 Years 26.67 25.65
Over 30 Years 26.39 5.24
As of 06/30/2014

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