Asset allocation information examines all securities (equities, bonds, mutual funds, etc.) in the Advisor Perspectives universe. An attempt is made to identify each security by its ticker, CUSIP, or description. If the security cannot be identified in this manner, it is treated as "Unknown" for asset allocation purposes. Balanced mutual funds (contained a mixture of equities and bonds) are classified as either an equity or a bond fund, depending on whether 50% or more of the assets are equities or bonds.