Asset Allocation: % Cash

This data point identifies the percentage of the fund's net assets held in cash. Cash encompasses both actual cash and cash equivalents (fixed-income securities with a maturity of one year or less) held by the portfolio plus receivables minus payables. Negative percentages of cash indicate that the portfolio is leveraged, meaning it has borrowed against its own assets to buy more securities or that it has used other techniques to gain more than 100% exposure to the market.

Asset Allocation: % Stocks

The percentage listed under the heading Stocks incorporates only the portfolio's straight common stock holdings.

Asset Allocation: % Bonds

This data point identifies the percentage of the fund's net assets held in bonds. Bonds include everything from government notes to high-yield corporate bonds.

Asset Allocation: % Other

Other includes preferred stocks (equity securities that pay dividends at a specific rate) as well as convertible bonds and convertible preferreds, which are corporate securities that are exchangeable for a set amount of another form of security (usually common shares) at a prestated price. Other can also denote holdings in not-so-neatly-categorized securities, such as warrants and options.

Asset Allocation: % Foreign

When listed, this data point reflects only the percentage of a portfolio's holdings that are held in foreign stocks and is calculated from the fund's most recent portfolio. Foreign stocks includes bonds that are convertible into equity, as well as convertible preferreds.