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| broad diversification. |
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| Diversifying geographically (i.e., spreading investments between firms in the US, other developed countries, and emerging markets) may mitigate market turmoil in any one region of the world. As the realities of the global economy have shifted, many managers have remained too focused on the US and have failed to properly assess the importance of world-wide exposure, while others haven’t developed the necessary expertise to intelligently expand the reach of their portfolios. Further, adding diversification across industries and firms of all sizes creates a portfolio which touches many segments of the economy, preventing over-exposure to risks in any small group of business sectors. We believe that broad diversification may mitigate investment risks. |
Holos's Equity Diversification
|
| Equity Country Exposures1 |
| United States |
23.4% |
| United Kingdom |
4.0% |
| Japan |
3.9% |
| Australia |
3.2% |
| Taiwan |
2.6% |
| France |
2.6% |
| Hong Kong |
2.1% |
| Brazil |
2.0% |
| Germany |
1.2% |
| South Africa |
1.1% |
| Turkey |
1.1% |
| Spain |
1.0% |
| Other (30 Countries) |
14.4% |
|
| Total Equity Exposure |
61.7% |
|
| Equity Sectors1 |
| Financials |
11.0% |
| Industrial |
7.6% |
| Consumer Discretionary |
6.8% |
| Information Technology |
6.7% |
| Energy |
5.2% |
| Consumer Staples |
4.8% |
| Telecommunications |
4.0% |
| Health Care |
3.9% |
| Materials |
3.9% |
| Utilities |
3.2% |
| Real Estate |
2.4% |
| Other Commodities |
1.9% |
| Cash and Other |
0.3% |
|
| Total Equity Exposure |
61.7% |
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| 1. Values are approximate as of January 1, 2011 for the 'more aggressive' structure and will differ during the year with changes in securities’ prices. |
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