Page 64 - MayDefComp

Market Overview 3/31/2021

Fixed Income Snapshot

FIXED INCOME
The broad U.S. fixed income market returned a negative 3.37% (Bloomberg Barclays U.S Aggregate) for the quarter.
On the maturity side, bonds with 1 to 3 year maturities returned a negative -0.07% return for the quarter. Bonds with 5 to 7 year duration returned a negative -2.93%, while bonds with maturities of 10
years or more posted a negative -10.40%.
QUALITY MATURITY

23.7%
25.0% 23.7% 4.0%
2.8%
2.8%
2.0%
2.0%
1.5%
1.2%
20.0% 2.0% 0.7% 1.2% 1.5%
0.7%
0.0%
15.0% 13.4% -0.1%
13.4%
-0.1%
-0.9%
-2.0% -0.9%
-2.0%
10.0% -2.9% -2.0%
-2.9%
-3.4%
5.2%
5.2% -4.0% -3.4%
5.0% -4.8%
-4.8%
1.8%
1.8% 0.8% -6.0%
0.8%
0.0%
-0.7% -8.0%
-0.7%
-5.0% -4.2% -10.0%
-4.2%
-5.0%
-5.4%
-5.4% -5.0%
-10.4%
-7.4% -10.4%
-7.4%
-10.0% -12.0%
_________ _________ _________ _________ _________ _________ _____________________________________________
1 Yr
1 Yr
3 M
3 M
3 M
1 Yr
1 Yr
3 M
3 M
1 Yr
1 Yr
1 Yr
3 M
3 M
1 Yr
3 M
3 M
3 M
1 Yr
1 Yr
1 Yr
3 M
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
0.8% High Yield Corporate Bond 0.85 0.85 23.72 6.84 8.06 6.48
23.7%
-0.4% Muni Bond -0.35 -0.35 5.51 4.91 3.49 4.54
5.5%
-1.1% Mortgage Backed Securities -1.10 -1.10 -0.09 3.75 2.43 2.83
-0.1%
-1.5% TIPS -1.47 -1.47 7.54 5.68 3.86 3.44
7.5%
-3.4% Aggregate Bond -3.37 -3.37 0.71 4.65 3.10 3.44
0.7%
-4.1% Government -4.14 -4.14 -4.26 4.10 2.25 2.83
-4.3%
-4.5% Credit Bond -4.45 -4.45 7.88 5.95 4.67 4.83
7.9%
-4.6% Corporate Investment Grade -4.65 -4.65 8.73 6.20 4.91 5.04
8.7%
-5.00 0.00 5.00 10.00 15.00 20.00 25.00 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.
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