Morningstar Sector Diversification

This section displays the Morningstar Sector Diversification in the fund’s portfolio, based on market value and ranked by the percentage of the fund’s assets. This section also displays the percentage of long and short positions within the sector.

•    % Allocation: Displays the current percent allocation of the sector.

•    Category Avg: Displays the category average for each sector.

•    Fund vs. Category Avg: Displays the current allocation of the fund as compared to the category average based on its market value.