MONDO 11.2 2 Problem 1 3 Contribution in Basis Points 5 Fund Index Relative Fund Index Relative Stock Sector Sector Weight Weight Weight Return Return Return Selection Weight Total 7 Consumer Discretionary 10.7 8.9 15.9 12.4 8 Consumer Staples 18.3 9.1 5.3 3.7 Energy 4.3 10.2 16.5 8.3 10 Financials 21.9 25.8 5.6 5.9 11 Healthcare 7.0 6.3 5.2 6.3 12 Industrials 15.8 10.3 9.8 13 Info Technology 3.2 6.4 14.6 9.1 14 Materials 14.2 11.9 14.6 17.2 15 Telecomm Services 2.2 6.3 10.5 16.5 16 Utilities 1.9 4.8 6.0 9.4 17 18 Total 100.0 100.0 9.5 10.0 19 20 21 Questions 22 1. What is the fund's relative weight in the finncials secilor? 23 2. What is the fund's largest overweight? Underweight? What can you infer about the portfolio manager's outlook? 24 3. Where was the fund's relative stock selection strongest? Weakest? 25 4. Where did stock selection have the largest positive impact? Negative impact? 26 5. What was the contribution of sector weight in the industrials sector? 27 6. Explain the breakdown of the total contribution of consumer staples to performance. 20 7. Explain the breakdown of the total contribution of consumer discretionary to performance. 29 D E G H K M 1 2. Table 5.3 2.0 Mouse over column headings for explanations of each data element S 3 7 Fund Index Relative Fund 3 Sector Weight Weight Weight Return Energy 13.7 10.9 10.7 0 Natural Resources 6.2 3.5 2.2 1.9 1 Industrials 14.3 10.4 3.9 21.4 2 Consumer Discretionary 12.2 10.0 2.2 18. 3 Consumer Staples 7.5 11.3 -3.8 -6.0 4 Healthcare 13.1 12.3 0.8 S Financials 9.5 16.3 -6,0 -2.1 6 Info Technology 16.9 18.8 -1.9 10.2 7 Telecomm Services 4.9 2.9 2.0 1.3 8 Utilities -1.9 2.1 9 * Total 100.0 100.0 0.0 9.0 1 Contribution in Basis Points Index Relative Stock Sector Return Retum Selection Weight Total 17.9 0.8 10 16 47 9.0 2.1 - 44 11 -33 13.2 8.2 117 32 149 11.2 7.5 92 14 105 3.6 -2,4 18 15 0.6 2 -6.1 4.0 38 75 113 9:5 0.7 12 -9 3 2.7 1.4 -7 11 -0.2 2.3 4 10 14 RESNO -1.3 1.7 3.6 0 4.0 212 192 404 4 C D E M M N A 1 2 Problem 1 8.7 4.8 4 Contribution in Basis Ponti 5 Fund Index Relative Fund Index Relative Stock Sector 0 Sector Weight Weight Weight Return Retum Retum Selection Weight Total 2 Consumer Discretionary 10.2. 8.9 15.9 12.1 8 Consumer Staples 18.3 9.1 5.3 9 Energy 4.3 10.2 16.5 8.3 10 Financials 21.9 25,8 5.6 5.9 11 Healthcare 7.0 6.3 5.2 6.3 12 Industrials 15.8 10.3 9.B 11.7 13 Info Technology 3.2 6.4 14.6 9.1 14 Materials 14.2 11.9 14.6 17.2 55 Telecom Services 2.7 6.3 10.5 16.5 16 Utilities 1.9 6.0 9.4 12 18 Total 100.0 100.0 9.5 10.0 19 20 21 Questions 22 1. What is the fund's relative weight in the financial sector? 23 2. What is the fund's largest overweight? Underweight? What can you infer about the portfolio Manager's outlook? 24 3. Where was the fund's relative stock selection strongest? Weakest? 25 4. Where did stock election have the largest positive impact Negative impact? 26 5. What was the contribution of sector weight in the industrials sector? 27 6. Explain the breakdown of the total contribution of consumer staples to performance. 28 7. Explain the breakdown of the total contribution of consumer discretionary to performance. 20 30 31 13 Relative Weight Contribution in Basis Points Relative Stock Sector Return Selection Weight Total 2 Problem 1 3 4 5 Sector 7 Consumer Discretionary 8 Consumer Staples 9 Energy 10 Financials 11 Healthcare 12 Industrials 13 Info Technology 14 Materials 15 Telecomm Services 16 Utilities 17 18 Total 19 Fund Weight 10.7 18.3 4.3 21.9 7.0 15.8 3.2 14.2 2.7 1.9 Index Weight 8.9 9.1 10.2 25.8 6.3 10.3 6.4 11.9 6.3 Fund Return 15.9 5.3 16.5 5.6 5.2 9.8 14.6 14.6 10.5 6.0 Index Return 12.4 8.7 8.3 5.9 6.3 11.7 9.1 17.2 16.5 9.4 4.8 100.0 100.0 9.5 10.0 Questions 1. What is the fund's relative weight in the financials sector? 2. What is the fund's largest overweight? Underweight? What can you inter about the portfolio manager's outlook? 3. Where was the fund's relative stock selection strongest? Weakest? 4. Where did stock selection have the largest positive impact? Negative impact? 5. What was the contribution of sector weight in the industrials sector? 7 6. Explain the breakdown of the total contribution of consumer staples to performance. 3 7. Explain the breakdown of the total contribution of consumer discretionary to performance. 9 0 1
