In case of disagreement, category allocation was discussed between the two researchers until consensus was reached.
Any disagreements about the specialty category allocation were resolved through discussion.
Morningstar Inc. recently tried to help investors by creating two new categories, moderate allocation and conservative allocation.
Instant X-Ray breaks portfolios into eight categories: asset allocation, diversification, stock type, stock sector, stock stats, world regions, fees and expenses, and top ten holdings.
Let anj be the value that the nth patient takes for the jth prognostic factor (anj∈ {1,2,...,cj}) and let dj be a measure of the difference between the numbers of patients allocated to each of the two treatments who are in category anj after allocation of the (n-1)st patient.
Morningstar's conservative-allocation category holds income-oriented funds with sizable bond holdings.
Most funds that use the name "balanced" were previously categorized as domestic hybrid by Morningstar but now fall into the new moderate-allocation category.
That put it ahead of all but a handful of funds in Morningstar's moderate-allocation category; however, this gave the managers little satisfaction.
The Quarterly Performance table last Sunday in the Mutual Funds Report, Part 2 of this section, misstated returns for the conservative allocation category of funds and listed funds from another category incorrectly as its best performers.
If the market value of large-cap growth stocks surged, so that they accounted for 30percentt of this investor's total portfolio, Mr. Battista would suggest rebalancing the portfolio every six months by selling shares of a large-cap growth fund until the category met the allocation target of 20percentt of total assets, even if it meant incurring some capital gains taxes.
