Page 24 - AugDefComp

Market Overview 6/30/2021

Fixed Income Snapshot

FIXED INCOME
The broad U.S. fixed income market returned a positive 1.83% (Bloomberg Barclays U.S Aggregate) for the quarter.
On the maturity side, bonds with 1 to 3 year maturities returned a positive 0.05% return for the quarter. Bonds with 5 to 7 year duration returned a positive 1.12%, while bonds with maturities of 10
years or more posted a positive 6.44%.
QUALITY MATURITY

15.4%
16.0% 15.4% 7.0% 6.4%
6.4%
14.0% 6.0%
12.0% 5.0%

10.0% 4.0%
8.0% 3.0% 2.5%
2.5%
1.8%
5.5%
6.0% 5.5% 2.0% 1.8%
4.7% 1.1%
4.7%
1.1%
3.8%
3.6%
3.2%
4.0% 3.6% 3.2% 3.8% 1.0%
2.7% 0.1% 0.4% 0.2%
0.4%
2.7%
0.2%
0.1%
1.4%
2.0% 1.4% 0.0%
0.6% -0.1%
0.6%
-0.1%
-0.3%
-0.3%
-0.5%
0.0% -1.0% -0.3% -0.5% -0.3%
-0.5%
-0.5%
-2.0% -2.0% -1.9%
-1.9%
_________ _________ _________ _________ _________ _________ _____________________________________________
1 Yr
1 Yr
3 M
3 M
3 M
1 Yr
3 M
1 Yr
3 M
3 M
1 Yr
1 Yr
3 M
3 M
1 Yr
3 M
1 Yr
1 Yr
1 Yr
3 M
3 M
1 Yr
Aaa Aa A Baa High Yield Aggregate 1-3 Years 3-5 Years 5-7 Years 7-10 Years 10+ Years
Source: Bloomberg Barclays U.S. Corporate Indices. Source: Bloomberg Barclays U.S. Aggregate Indices.
SECTOR (Sorted by trailing 3M performance) 3 M YTD 1 Yr 3 Yr 5 Yr 10 Yr
3.5% Corporate Investment Grade 3.55 -1.27 3.30 7.79 4.90 5.17
3.3%
3.3% Credit Bond 3.32 -1.28 2.99 7.42 4.63 4.92
3.0%
3.2% TIPS 3.25 1.73 6.51 6.53 4.17 3.40
6.5%
2.7% High Yield Corporate Bond 2.74 3.62 15.37 7.45 7.48 6.66
15.4%
1.8% Aggregate Bond 1.83 -1.60 -0.33 5.34 3.03 3.39
-0.3%
1.7% Government 1.71 -2.51 -3.10 4.66 2.19 2.78
-3.1%
1.4% Muni Bond 1.42 1.06 4.17 5.10 3.25 4.28
4.2%
0.3% Mortgage Backed Securities 0.33 -0.77 -0.42 3.78 2.27 2.64
-0.4%
-4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 Source: Bloomberg Barclays U.S. Indices.
Past performance is no guarantee of future results. Rankings provided based on total returns. Performance quoted for mutual funds may include performance of a predecessor
fund/share class prior to the share class commencement of operations.
Page 6