|Min. initial investment||$1,000|
|Number of Holdings||198|
|Wtd median mkt cap (millions)||$63,745|
|Total annual operating expenses3||1.03%|
|Total annual turnover4||279%|
|Sentinel Multi-Asset Income Fund||2.21|
|Wells Fargo & Co.||0.7|
|Johnson & Johnson||0.7|
|Merck & Co., Inc.||0.6|
|FNMA TBA 30YR||3.0|
|FHLMC Q02664, 4.5, 08/01/2041||2.5|
|FNMA Pass-Thru Pool #AS1586||2.3|
|FNMA AT2016, 3, 04/01/2043||2.2|
|FNMA TBA 15YR||2.2|
|NAV Change ($)||-0.04|
All data as of June 30, 2014 unless otherwise noted. The composition of the Fund’s holdings is subject to change.
Data shown is historical performance for each share class and reflects reinvested distributions. Investment return and principal value will vary so that you may have a gain or loss when you sell shares. Public Offering Price (POP) performance data for Class A shares includes the maximum 5% sales charge. POP performance data for Class C shares includes the 1% Contingent Deferred Sales Charge (CDSC). Class I shares do not impose a sales charge. Only eligible investors may purchase Class I shares, as described in the prospectus. Past performance does not guarantee future results; current performance may be higher or lower than data quoted. For performance current to the most recent month-end, click here.
The Fund may use derivatives, which are financial contracts whose value depends upon or is derived from the value of an underlying asset, reference rate, or index. The Fund may use derivatives as part of a strategy designed to reduce exposure to certain risks, such as risks associated with changes in interest rates, or currency or credit risk ("hedging"). The use of derivatives may reduce the Fund's return and increase the volatility in movements in the Fund's net asset value. For additional information regarding the use of derivatives, please see the Fund's current prospectus.
International securities are subject to political influences, currency fluctuations and economic cycles that may be unrelated to those affecting the domestic financial markets and may experience wider price fluctuations than domestic securities. Fixed income securities are subject to credit and interest rate risks. Bond values will generally decrease when interest rates rise and will generally increase when interest rates fall. Bonds with lower credit ratings are more speculative and likely to default than higher-quality bonds and tend to fluctuate more widely in value. Mortgage-backed securities (MBS) are subject to pre-payment risk. These risks may result in greater share price volatility. Convertible securities are subject to the risks associated with both fixed income securities and common stocks. Small- and mid-sized company stocks can be more volatile than large company stocks. Large company stocks as a group could fall out of favor with the market and underperform investments that focus on small- and mid-sized company stocks. Fund shares are not insured or guaranteed by the US government or its agencies.
The following are total annual operating expense ratios for Sentinel Multi-Asset Income Fund Class A, C, & I shares; A - 1.03%, C - 1.77%, I - 0.80%. Expense ratio data is sourced from the Fund's most recent prospectus.
On July 1, 2014 the Sentinel Conservative Strategies Fund was renamed the Sentinel Multi-Asset Income Fund and the Fund's investment strategies changed. Performance and ratings prior to July 1, 2014 relate to the Fund's prior investment strategies.
SEC annualized yields are computed by dividing net investment income by the product of the average daily number of shares outstanding that were eligible to receive dividends and the maximum offering price per share on the last day for the 30-day or one month period ending on the date for which other performance data is shown above.
The Standard & Poor's 500 Index is an unmanaged index of 500 widely held US equity securities chosen for market size, liquidity, and industry group representation. An investment cannot be made directly in an index.
The Barclays US Aggregate Bond Index is an unmanaged index that measures the US investment grade fixed-rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. An investment cannot be made directly in an index.
Sources: FactSet, Lipper, Morningstar
The Morningstar Style BoxTM reveals a fund's investment style as of the date noted on this report. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.
Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by a Nationally Recognized Statistical Rating Organization (NRSRO). If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example, if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Z rates it a BBB+, the fund company should use the credit rating of 'A' in its reporting to Morningstar. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time.
For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve.
For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive.
Morningstar ratings reflect historical risk-adjusted performance as of August 31, 2014 and are subject to change every month. Ratings are based on a risk-adjusted return measure that accounts for variations in monthly performance (including the effects of sales charges, loads and redemption fees) emphasizing downward variations and rewarding consistent performance. Ten percent of the funds in a category receive five stars, 22.5% four stars, 35% three stars, 22.5% two stars and 10% one star. The Overall Rating reflects a weighted average of a fund’s 3-, 5- and 10-year (if applicable) risk adjusted performance. The peer category is Morningstar Conservative Allocation.
Morningstar Load-Waived Ratings supplement Morningstar Ratings for Class A shares by recalculating measures that are load-adjusted without the effects of the front-end sales charge. Load Waived ratings should only be considered by investors who are not subject to the Fund’s front-end sales charge.