capital markets review - raymond james …...january 2020 capital markets review | quarterly summary...
TRANSCRIPT
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REVIEWING THE QUARTER ENDED DECEMBER 31, 2019
CAPITAL MARKETS REVIEWJanuary 2020
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Capital Markets Review | QuarterlyJanuary 2020
SUMMARY
2
ECONOMIC ReviewGross Domestic Product 3Employment 4 Construction and Manufacturing 5Inflation 6Housing Market 7Consumer Confidence 8
Capital Markets ReviewBroad Asset Class Returns 9Domestic Returns 10 Fixed Income Returns 11 International Equity Returns 12S&P Equity Sector Returns 13 US Treasuries 14Fixed Income Yields 15Global Sovereign Debt Yields 16Foreign Exchange Rates 17Commodity Prices 18
Quarterly TopicsThe Senate 19The House 20Presidential Election 21Caught in the Vortex 22Price to Earnings Multiple Explained 232020 Year-End Outlook 24
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Capital Markets Review | QuarterlyJanuary 2020
ECONOMIC REVIEW | GROSS DOMESTIC PRODUCT
10/16 1/17 4/17 7/17 10/17 1/18 4/18 7/18 10/18 1/19 4/19 7/19 10/19
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
Gross Private Domestic InvestmentPersonal Consumption ExpendituresGovt Consumption Expenditures & Gross InvestmentNet Exports of Goods & Services
3
Contribution to % Change in Real GDP
'90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16 '18-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Real GDP Recession Periods - United States
Quarterly Change in Real GDP
PresenterPresentation NotesGross domestic product (GDP) is a widely used measure of economic activity, reflecting both income and output. GDP can be defined as the total market value of all final goods and services produced domestically within a given quarter or year. The U.S. Commerce Department often revises its preliminary GDP estimates as additional data becomes available.
GDP represents the total of personal consumption, gross investment, government spending and net exports (exports less imports). Unlike gross national product (GNP), which includes net foreign income (the current account) and is designed to measure the value of output of U.S. firms, regardless of where the firms are located, GDP measures the market value of all output produced within a nation’s borders.
Data shown are quarterly, seasonally adjusted, annualized GDP in chained 2005 U.S. dollars.
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Capital Markets Review | QuarterlyJanuary 2020
ECONOMIC REVIEW | EMPLOYMENT
4
Civilian Unemployment Rate Non-Farm Payroll and Factory Orders
'00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20-40%
-30%
-20%
-10%
0%
10%
20%
30%
-6%
-5%
-4%
-3%
-2%
-1%
0%
1%
2%
3%
4%
Non-farm Payroll YoY Change (Left) Factory Orders YoY Change (Right)Recession Periods - United States
'00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '203%
4%
5%
6%
7%
8%
9%
10%
11%
100
200
300
400
500
600
700
Unemployment Rate (Right) Jobless Claims (Thousands) (Left)Recession Periods - United States
PresenterPresentation NotesThe civilian unemployment rate, expressed as a percentage, represents the number of unemployed people divided by the total size of the labor force – which includes both unemployed and employed workers.
Individuals age 16 and older who are jobless, looking for jobs and available for work are considered unemployed. People who are either not looking for a job, or would not work if they found a job, are not included in this measure. This group includes “discouraged workers” who want and are available for jobs but who are not looking because they believe there are no jobs available for which they would qualify. The Bureau of Labor Statistics calculates the unemployment rate based on a survey of U.S. households.
Nonfarm payroll employment is a measure of the labor market’s overall strength. Reflecting all business employees, excluding private household employees, general government employees and employees of nonprofit organizations, it accounts for about 80% of the workers who contribute to GDP.
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Capital Markets Review | QuarterlyJanuary 2020
ECONOMIC REVIEW | MAJOR INDUSTRY CONTRIBUTIONS TO JOB GROWTH
5
Construction and Manufacturing
'90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '2030
35
40
45
50
55
60
65
200
400
600
800
1,000
1,200
1,400
ISM Manufacturing Index (Right) Construction Spending (Billions of $) (Left)
PresenterPresentation NotesMajor Industry Highlights of Monthly Jobs: The data in this chart, which is gathered by the Bureau of Labor Statistics, is an estimate of the net number of jobs in the various of industries in the latest month. It is based on a sample of roughly 140,000 businesses and government agencies taken during the week that contains the 12th day of the month.
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Capital Markets Review | QuarterlyJanuary 2020
ECONOMIC REVIEW | INFLATION
6
Personal Consumption Expenditures (PCE) (YoY Change)
PCE Target
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20-2%
-1%
0%
1%
2%
3%
4%
5%
PCE PCE (Excl. Food And Energy) Recession Periods - United States
-0.2%
-0.1%
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0%
5%
10%
15%
20%
25%
Weight (Left) YoY Change (Right)
Components of PCE
PresenterPresentation NotesThe personal consumption expenditure PCE is one measure of U.S. inflation. The PCE measures the percentage change in prices of goods and services purchased by consumers throughout the economy. Of all the measures of consumer price inflation, the PCE covers the broadest set of goods and services. Core PCE excludes food and energy.
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Capital Markets Review | QuarterlyJanuary 2020
ECONOMIC REVIEW | HOUSING MARKET
7
'00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20-15
-10
-5
0
5
10
15
20
S&P/Case-Shiller National Home Price Recession Periods - United States
National Home Price Index (YoY Change) New and Existing Home Sales
'00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20200
400
600
800
1,000
1,200
1,400
1,600
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
New Residential Sales (Thousands) (Right)Existing Home Sales (Millions) (Left)Recession Periods - United States
PresenterPresentation NotesCalculated quarterly, the S&P/Case-Shiller Home Price Index is a broad composite of single-family home price indices drawn from 10 regional metropolitan areas, including Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C. It is based on weighted repeat sales methodology utilized with the intention to measure housing prices with a constant level of quality. It utilizes a 3-month moving average and is indexed so that the year 2000 is equal to 100.
New Privately-Owned Housing Units Authorized by Building Permits in Permit-Issuing Places (Seasonally Adjusted Annual Rate):
A housing unit, as defined for purposes of these data, is a house, an apartment, a group of rooms, or a single room intended for occupancy as separate living quarters. Separate living quarters are those in which the occupants live separately from any other individuals in the building and which have a direct access from the outside of the building or through a common hall.
In accordance with this definition, each apartment unit in an apartment building is counted as one housing unit. Housing units, as distinguished from "HUD-code" manufactured (mobile) homes, include conventional "site-built" units, prefabricated, panelized, sectional, and modular units.
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Capital Markets Review | QuarterlyJanuary 2020
ECONOMIC REVIEW | CONSUMER CONFIDENCE
8
'00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '2020
40
60
80
100
120
140
160
Consumer Confidence Recession Periods - United States
Consumer Confidence Retail Sales
'00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20-15%
-10%
-5%
0
5%
10%
15%
Retail Sales YoY Change Recession Periods - United States
PresenterPresentation NotesThe Surveys of Consumers has been conducted by the Survey Research Center at the University of Michigan since 1946. The surveys have proven to be an accurate indicator of the future of the national economy. The data is widely used by a broad range of business firms, financial institutions, and federal agencies. The Index of Consumer Expectations is an official component of the Index of Leading Indicators developed by the U.S. Department of Commerce. Each month, 500 individuals are randomly selected from the contiguous United States (48 states plus the District of Columbia) to participate in the Surveys of Consumers. In order for the results to accurately represent the opinions of the population of the United States, it is important that each person selected participates. The questions asked cover three broad areas of consumer confidence: personal finances, business conditions, and future buying plans The Survey of Consumers is a rotating panel survey based on a nationally representative sample that gives each household in the coterminous U.S. an equal probability of being selected. Interviews are conducted throughout the month by telephone. The minimum monthly change required for significance at the 95% level in the Sentiment Index is 4.8 points; for Current and Expectations Index the minimum is 6.0 points.
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Capital Markets Review | QuarterlyJanuary 2020
CAPITAL MARKETS | BROAD ASSET CLASS RETURNS
9
Blended Portfolio Allocation: 45% US Equity / 15% Non-US Equity / 40% Fixed Income
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Non-Us Equities
Real Estate Fixed IncomeNon-Us
EquitiesUS Equities Real Estate US Equities Real Estate
Non-Us Equities
Cash & Cash Alternatives
US Equities
34.4% 40.4% 7.8% 17.0% 32.4% 14.3% 1.4% 15.3% 24.8% 1.8% 31.5%
US Equities CommoditiesBlended Portfolio
US EquitiesNon-Us
EquitiesUS Equities Fixed Income US Equities US Equities Fixed Income
Non-Us Equities
26.5% 16.7% 2.3% 16.0% 21.6% 13.7% 0.5% 12.0% 21.8% 0.0% 23.2%
Real Estate US Equities US EquitiesBlended Portfolio
Blended Portfolio
Blended Portfolio
Blended Portfolio
CommoditiesBlended Portfolio
Blended Portfolio
Blended Portfolio
22.1% 15.1% 2.1% 11.4% 17.0% 8.0% 0.5% 11.4% 15.0% -4.0% 21.1%Blended Portfolio
Blended Portfolio
Cash & Cash Alternatives
Fixed IncomeCash & Cash Alternatives
Fixed IncomeCash & Cash Alternatives
Blended Portfolio
Fixed Income US Equities Real Estate
19.4% 10.8% 0.1% 4.2% 0.0% 6.0% 0.0% 6.9% 3.5% -4.4% 19.5%
CommoditiesNon-Us Equities
Real Estate Real Estate Fixed IncomeCash & Cash Alternatives
Non-Us Equities
Non-Us Equities
Cash & Cash Alternatives
Real Estate Fixed Income
18.7% 9.4% -2.2% 0.6% -2.0% 0.0% -2.6% 3.3% 0.8% -7.6% 8.7%
Fixed Income Fixed IncomeNon-Us
EquitiesCash & Cash Alternatives
CommoditiesNon-Us
EquitiesReal Estate Fixed Income Commodities Commodities Commodities
5.9% 6.5% -11.8% 0.1% -9.6% -3.9% -24.2% 2.6% 0.7% -13.0% 5.4%Cash & Cash Alternatives
Cash & Cash Alternatives
Commodities Commodities Real Estate Commodities CommoditiesCash & Cash Alternatives
Real EstateNon-Us Equities
Cash & Cash Alternatives
0.1% 0.1% -13.4% -1.1% -25.8% -17.0% -24.7% 0.3% -0.2% -13.6% 2.2%
PresenterPresentation NotesThis chart illustrates the returns delivered by a variety of asset classes over a period of time. As you can see, during the period illustrated, each asset class reacted differently to economic and financial development.By diversifying across asset classes, investors seek to hedge against the unknown since, by definition, for a group of assets to be considered an asset class, it should – among other attributes – exhibit low correlation with other asset classes. In other words, one asset class may tend to flourish during periods of high inflation, while another asset class may suffer. Asset allocation and diversification do not ensure profit or protect against loss.
The portfolio mix is 45% S&P 500 Index / 15% MSCI EAFE Index / 40% Barclays Capital Aggregate Index.
__FDSCACHE__
Giampiero Fuentes: TRYCH10Y-FDS^MAX(FG_YIELD(-30AY,0))116.963TRYFR10Y-FDS^MAX(FG_YIELD(-30AY,0))1110.67TRYES10Y-FDS^MAX(FG_YIELD(-30AY,0))1114.034TRYAU10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.944516TRYUS10Y-FDS^MAX(FG_YIELD(-30AY,0))119.09LHMN29304^LB_RETURN(43465,43738)113.25472996743061SP50^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1120.5523373014915TRYCH10Y-FDS^MIN(FG_YIELD(-30AY,0))11-1.123TRYFR10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.441TRYES10Y-FDS^MIN(FG_YIELD(-30AY,0))110.04TRYAU10Y-FDS^MIN(FG_YIELD(-30AY,0))110.872TRYUS10Y-FDS^MIN(FG_YIELD(-30AY,0))111.3605LHMN0090^LB_RETURN(43465,43738)112.89128607752098CVK^FG_COMPANY_NAME11S&P Small Cap 600 ValueSP685.R^P(43769)11509.95038SP685.R^P(43465)11393.57782TRYCH10Y-FDS^FG_YIELD(0,0)11-0.501TRYFR10Y-FDS^FG_YIELD(0,0)110.054TRYES10Y-FDS^FG_YIELD(0,0)110.444TRYAU10Y-FDS^FG_YIELD(0,0)111.236TRYUS10Y-FDS^FG_YIELD(0,0)111.8556LHMN0078^LB_RETURN(43465,43738)111.76242458881986SP50^FG_COMPANY_NAME11S&P 500CKG^FG_COMPANY_NAME11S&P Small Cap 600 GrowthTRYDE10Y-FDS^MAX(FG_YIELD(-30AY,0))119.29129TRYSE10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.87TRYPT10Y-FDS^MAX(FG_YIELD(-30AY,0))1115.751TRYNO10Y-FDS^MAX(FG_YIELD(-30AY,0))1111.02LHMN0152^LB_RETURN(43465,43738)1121.9170824598171LHMN0152^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate Credit - LongLHMN0078^FG_COMPANY_NAME11Bloomberg Barclays US Treasury - Bills (1-3 M)MS303000^FG_COMPANY_NAME11MSCI EM Eastern EuropeMUVK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1117.3860028515326MID^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1117.8727931822367TRYDE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.72TRYSE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.521TRYPT10Y-FDS^MIN(FG_YIELD(-30AY,0))110.0739TRYNO10Y-FDS^MIN(FG_YIELD(-30AY,0))110.88LHMN2814^LB_RETURN(43465,43738)1111.4062008881558LHMN2814^FG_COMPANY_NAME11Bloomberg Barclays US High Yield - CorporateTRYDE10Y-FDS^FG_YIELD(0,0)11-0.231TRYSE10Y-FDS^FG_YIELD(0,0)110.153TRYPT10Y-FDS^FG_YIELD(0,0)110.402TRYNO10Y-FDS^FG_YIELD(0,0)111.41LHMN0001^LB_RETURN(43465,43738)118.52107283796351LHMN0001^FG_COMPANY_NAME11Bloomberg Barclays US AggregateMS303000^MSCI_PRICE_GUSD_D(43738,,,0)11329.429744MS303000^MSCI_PRICE_GUSD_D(43465,,,0)11278.692002990300^FG_COMPANY_NAME11MSCI EAFEMGDK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1118.3228053159259TRYDK10Y-FDS^MAX(FG_YIELD(-30AY,0))1112.2TRYBE10Y-FDS^MAX(FG_YIELD(-30AY,0))1110.690322TRYGB10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.24TRYCA10Y-FDS^MAX(FG_YIELD(-30AY,0))1112.008573LHMN0011^LB_RETURN(43465,43738)1112.6135181105853LHMN0011^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate Credit991700^MSCI_PRICE_GUSD_D(43738,,,0)1110422.271928991700^MSCI_PRICE_GUSD_D(43465,,,0)118983.784071982600^FG_COMPANY_NAME11MSCI United KingdomCVK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1115.5171506341597SPN37.R^P(43769)11554.9847SPN37.R^P(43465)11473.68726TRYDK10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.704TRYGB10Y-FDS^MIN(FG_YIELD(-30AY,0))110.366TRYCA10Y-FDS^MIN(FG_YIELD(-30AY,0))110.95LHMN0014^LB_RETURN(43465,43738)1110.7930761884174990300^MSCI_PRICE_GUSD_D(43738,,,0)117988.983333990300^MSCI_PRICE_GUSD_D(43465,,,0)117048.072174SML^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1113.4636510694468LHMN29304^FG_COMPANY_NAME11Bloomberg Barclays US TIPS (1-3 Y)MID^FG_COMPANY_NAME11S&P Mid Cap 400SPN01.R^P(43769)11659.8421SPN01.R^P(43465)11637.072SP50.R^P(43769)115702.9756SP50.R^P(43465)114630.4106TRYBE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.382LHMN0014^FG_COMPANY_NAME11Bloomberg Barclays Emerging Markets USD Aggregate939200^FG_COMPANY_NAME11MSCI JapanSP125.R^P(43769)11987.06415SP125.R^P(43465)11796.5971MGDK^FG_COMPANY_NAME11S&P Mid Cap 400 GrowthSML^FG_COMPANY_NAME11S&P Small Cap 600TRYDK10Y-FDS^FG_YIELD(0,0)11-0.204TRYBE10Y-FDS^FG_YIELD(0,0)110.036TRYGB10Y-FDS^FG_YIELD(0,0)110.813TRYCA10Y-FDS^FG_YIELD(0,0)111.6LHMN0054^LB_RETURN(43465,43738)117.71150596028782LHMN0054^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate Government - Treasury982600^MSCI_PRICE_GUSD_D(43738,,,0)118411.644396982600^MSCI_PRICE_GUSD_D(43465,,,0)117636.318534892000^FG_COMPANY_NAME11MSCI EM Latin AmericaCKG^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1111.4973978520357SP793.R^P(43769)11375.1217SP793.R^P(43465)11299.10266TRYJP10Y-FDS^MAX(FG_YIELD(-30AY,0))118.105TRYIT10Y-FDS^MAX(FG_YIELD(-30AY,0))1115.278TRYGR10Y-FDS^MAX(FG_YIELD(-30AY,0))1131.02LHMN0730^LB_RETURN(43465,43738)116.74929709231382LHMN0730^FG_COMPANY_NAME11Bloomberg Barclays Municipal Bond891800^FG_COMPANY_NAME11MSCI EM (Emerging Markets)SVXK^FG_COMPANY_NAME11S&P 500 ValueSP821.R^P(43769)11664.8744SP821.R^P(43465)11534.27893LHMN0824^FG_COMPANY_NAME11Bloomberg Barclays Global G6 (G7 x US)SVXK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1120.0101142260027SP701.R^P(43769)111780.4095SP701.R^P(43465)111304.5SP621.R^P(43769)11712.7017SP621.R^P(43465)11581.8407TRYIE10Y-FDS^MAX(FG_YIELD(-30AY,0))1114.0816939200^MSCI_PRICE_GUSD_D(43738,,,0)117237.605169939200^MSCI_PRICE_GUSD_D(43465,,,0)116489.83392MUVK^FG_COMPANY_NAME11S&P Mid Cap 400 ValueSP565.R^P(43769)111526.3644SP565.R^P(43465)111374.5604LHMN0090^FG_COMPANY_NAME11Bloomberg Barclays US Treasury Bellwethers (2 Y)991700^FG_COMPANY_NAME11MSCI Europe ex UKTRYJP10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.3042TRYIE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.1504TRYIT10Y-FDS^MIN(FG_YIELD(-30AY,0))110.813TRYGR10Y-FDS^MIN(FG_YIELD(-30AY,0))111.148LHMN2967^LB_RETURN(43465,43738)115.60003671983449LHMN30875^FG_COMPANY_NAME11Bloomberg Barclays US Agency CMBS892000^MSCI_PRICE_GUSD_D(43738,,,0)117227.127132892000^MSCI_PRICE_GUSD_D(43465,,,0)116780.499674899700^FG_COMPANY_NAME11MSCI EM AsiaSP285.R^P(43769)111227.1124SP285.R^P(43465)11998.62665TRYJP10Y-FDS^FG_YIELD(0,0)11-0.0033TRYIE10Y-FDS^FG_YIELD(0,0)110.072TRYIT10Y-FDS^FG_YIELD(0,0)111.37TRYGR10Y-FDS^FG_YIELD(0,0)111.372LHMN0824^LB_RETURN(43465,43738)115.17233814158862LHMN2967^FG_COMPANY_NAME11Bloomberg Barclays MBS 1000891800^MSCI_PRICE_GUSD_D(43738,,,0)112297.198972891800^MSCI_PRICE_GUSD_D(43465,,,0)112162.749493991400^FG_COMPANY_NAME11MSCI Pacific ex JPSGX^FG_COMPANY_NAME11S&P 500 GrowthSP477.R^P(43769)111021.56647SP477.R^P(43465)11829.8814899700^MSCI_PRICE_GUSD_D(43738,,,0)111014.596101899700^MSCI_PRICE_GUSD_D(43465,,,0)11954.67889991400^MSCI_PRICE_GUSD_D(43738,,,0)118622.921126991400^MSCI_PRICE_GUSD_D(43465,,,0)117700.198969SGX^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1121.0575171416645LHMN0078^LB_RETURN(43830,43465)112.20800730908264LHMN0001^LB_RETURN(43830,43465)118.71670078728391SP50.R^P(43830)116088.3613991000^MSCI_PRICE_GUSD_D(43830,,,0)118721.8545991000^MSCI_PRICE_GUSD_D(43465,,,0)117081.511044BBGCICMP^FG_PRICE(43830)1180.8871BBGCICMP^FG_PRICE(43465)1176.7154UNUS-FTX^P_PRICE(43830)113236.36UNUS-FTX^P_PRICE(43465)112707.6991000^FG_COMPANY_NAME11MSCI World ex USASP621.R^FG_COMPANY_NAME11S&P 500 (TR) / Financials - SECBBGCICMP^FG_COMPANY_NAME11Bloomberg Commodity IndexSP685.R^FG_COMPANY_NAME11S&P 500 (TR) / Real Estate - IGSP50.R^FG_COMPANY_NAME11S&P 500 (TR)SPN37.R^FG_COMPANY_NAME11S&P 500 (TR) / Materials - SECSP125.R^FG_COMPANY_NAME11S&P 500 (TR) / Industrials - SECSP821.R^FG_COMPANY_NAME11S&P 500 (TR) / Utilities - SECSP285.R^FG_COMPANY_NAME11S&P 500 (TR) / Consumer Discretionary - SECSP477.R^FG_COMPANY_NAME11S&P 500 (TR) / Consumer Staples - SECUNUS-FTX^FG_COMPANY_NAME11FTSE EPRA/NAREIT United StatesSP793.R^FG_COMPANY_NAME11S&P 500 (TR) / Communication Services -SECSP565.R^FG_COMPANY_NAME11S&P 500 (TR) / Health Care - SECSP701.R^FG_COMPANY_NAME11S&P 500 (TR) / Information Technology - SECSPN01.R^FG_COMPANY_NAME11S&P 500 (TR) / Energy - SECThis sheet contains FactSet XML data for use with this workbook's =FDS codes. Modifying the worksheet's contents may damage the workbook's =FDS functionality.
Benchmarks
ASSET CLASSBENCHMARKASSET CLASSBENCHMARK
lhmn0078Cash & Cash AlternativesERROR:#NAME?Small BlendERROR:#NAME?sml
lhmn0001Fixed IncomeERROR:#NAME?Small GrowthERROR:#NAME?ckg
SP50.RUS EquitiesERROR:#NAME?US Large CapERROR:#NAME?sp50
991000World EquitiesERROR:#NAME?EM Eastern EuropeERROR:#NAME?MS303000
bbgcicmpCommoditiesERROR:#NAME?Europe ex UKERROR:#NAME?991700
unus-ftxReal EstateERROR:#NAME?Developed MarketsERROR:#NAME?990300
SPN37.rMaterialsERROR:#NAME?United KingdomERROR:#NAME?982600
sp125.rIndustrialsERROR:#NAME?JapanERROR:#NAME?939200
SP793.rComm ServicesERROR:#NAME?EM Latin AmericaERROR:#NAME?892000
SP821.rUtilitiesERROR:#NAME?Emerging MarketsERROR:#NAME?891800
SP285.rConsumer DiscretionaryERROR:#NAME?EM AsiaERROR:#NAME?899700
SP477.rConsumer StaplesERROR:#NAME?Pacific ex JapanERROR:#NAME?991400
SP565.rHealth CareERROR:#NAME?Long-Term BondERROR:#NAME?lhmn0152
SP701.rInformation TechnologyERROR:#NAME?High YieldERROR:#NAME?LHMN2814
SPN01.rEnergyERROR:#NAME?Aggregate BondERROR:#NAME?LHMN0001
SP621.rFinancialsERROR:#NAME?CreditERROR:#NAME?lhmn0011
sp685.rReal EstateERROR:#NAME?Emerging Market BondERROR:#NAME?lhmn0014
SP50.rS&P 500ERROR:#NAME?TreasuryERROR:#NAME?lhmn0054
svxkLarge ValueERROR:#NAME?MunicipalERROR:#NAME?lhmn0730
sp50Large BlendERROR:#NAME?AgencyERROR:#NAME?lhmn30875
sgxLarge GrowthERROR:#NAME?MBSERROR:#NAME?lhmn2967
muvkMid ValueERROR:#NAME?Global Bond ex USERROR:#NAME?lhmn0824
midMid BlendERROR:#NAME?US TIPSERROR:#NAME?lhmn29304
mgdkMid GrowthERROR:#NAME?Short-Term BondERROR:#NAME?lhmn0090
cvkSmall ValueERROR:#NAME?T-BillERROR:#NAME?lhmn0078
Broad
20092010201120122013201420152016201720182019
Non-Us EquitiesReal EstateFixed IncomeNon-Us EquitiesUS EquitiesReal EstateUS EquitiesReal EstateNon-Us EquitiesCash & Cash AlternativesERROR:#N/Alhmn0078Cash & Cash Alternatives
34.4%40.4%7.8%17.0%32.4%14.3%1.4%15.3%24.8%1.8%ERROR:#N/A
US EquitiesCommoditiesBlended PortfolioUS EquitiesNon-Us EquitiesUS EquitiesFixed IncomeUS EquitiesUS EquitiesFixed IncomeERROR:#N/Alhmn0001Fixed Income
26.5%16.7%2.3%16.0%21.6%13.7%0.5%12.0%21.8%0.0%ERROR:#N/A
Real EstateUS EquitiesUS EquitiesBlended PortfolioBlended PortfolioBlended PortfolioBlended PortfolioCommoditiesBlended PortfolioBlended PortfolioERROR:#N/ASP50.RUS Equities
22.1%15.1%2.1%11.4%17.0%8.0%0.5%11.4%15.0%-4.0%ERROR:#N/A
Blended PortfolioBlended PortfolioCash & Cash AlternativesFixed IncomeCash & Cash AlternativesFixed IncomeCash & Cash AlternativesBlended PortfolioFixed IncomeUS EquitiesERROR:#N/A991000World Equities
19.4%10.8%0.1%4.2%0.0%6.0%0.0%6.9%3.5%-4.4%ERROR:#N/A
CommoditiesNon-Us EquitiesReal EstateReal EstateFixed IncomeCash & Cash AlternativesNon-Us EquitiesNon-Us EquitiesCash & Cash AlternativesReal EstateERROR:#N/AbbgcicmpCommodities
18.7%9.4%-2.2%0.6%-2.0%0.0%-2.6%3.3%0.8%-7.6%ERROR:#N/A
Fixed IncomeFixed IncomeNon-Us EquitiesCash & Cash AlternativesCommoditiesNon-Us EquitiesReal EstateFixed IncomeCommoditiesCommoditiesERROR:#N/Aunus-ftxReal Estate
5.9%6.5%-11.8%0.1%-9.6%-3.9%-24.2%2.6%0.7%-13.0%ERROR:#N/A
Cash & Cash AlternativesCash & Cash AlternativesCommoditiesCommoditiesReal EstateCommoditiesCommoditiesCash & Cash AlternativesReal EstateNon-Us EquitiesERROR:#N/ABlended Portfolio
0.1%0.1%-13.4%-1.1%-25.8%-17.0%-24.7%0.3%-0.2%-13.6%ERROR:#N/A
12/31/18
12/31/19
RankName2019
ERROR:#NAME?Cash & Cash AlternativesERROR:#NAME?
ERROR:#NAME?Fixed IncomeERROR:#NAME?
ERROR:#NAME?US EquitiesERROR:#NAME?
ERROR:#NAME?Non-Us EquitiesERROR:#NAME?
ERROR:#NAME?CommoditiesERROR:#NAME?
ERROR:#NAME?Real EstateERROR:#NAME?
ERROR:#NAME?Blended PortfolioERROR:#NAME?
Sectors
2009201020112012201320142015201620172018YTDDate
Information TechnologyReal EstateUtilitiesFinancialsConsumer DiscretionaryReal EstateConsumer DiscretionaryEnergyInformation TechnologyHealth CareERROR:#N/A12/31/18
61.7%32.3%20.0%28.8%43.1%30.2%10.1%27.4%38.8%6.5%ERROR:#N/A10/31/19
MaterialsConsumer DiscretionaryConsumer StaplesConsumer DiscretionaryHealth CareUtilitiesHealth CareComm ServicesMaterialsUtilitiesERROR:#N/ARankNameYTD
48.6%27.7%14.0%23.9%41.5%29.0%6.9%23.5%23.8%4.1%ERROR:#N/AERROR:#NAME?MaterialsERROR:#NAME?SPN37.r
Consumer DiscretionaryIndustrialsHealth CareReal EstateIndustrialsHealth CareConsumer StaplesFinancialsConsumer DiscretionaryConsumer DiscretionaryERROR:#N/AERROR:#NAME?IndustrialsERROR:#NAME?sp125.r
41.3%26.7%12.7%19.7%40.7%25.3%6.6%22.8%23.0%0.8%ERROR:#N/AERROR:#NAME?Comm ServicesERROR:#NAME?SP793.r
Real EstateMaterialsReal EstateComm ServicesFinancialsInformation TechnologyInformation TechnologyIndustrialsFinancialsInformation TechnologyERROR:#N/AERROR:#NAME?UtilitiesERROR:#NAME?SP821.r
27.1%22.2%11.4%18.3%35.6%20.1%5.9%18.9%22.2%-0.3%ERROR:#N/AERROR:#NAME?Consumer DiscretionaryERROR:#NAME?SP285.r
S&P 500EnergyComm ServicesHealth CareS&P 500Consumer StaplesReal EstateMaterialsHealth CareReal EstateERROR:#N/AERROR:#NAME?Consumer StaplesERROR:#NAME?SP477.r
26.5%20.5%6.3%17.9%32.4%16.0%4.7%16.7%22.1%-2.2%ERROR:#N/AERROR:#NAME?Health CareERROR:#NAME?SP565.r
IndustrialsComm ServicesConsumer DiscretionaryS&P 500Information TechnologyFinancialsComm ServicesUtilitiesS&P 500S&P 500ERROR:#N/AERROR:#NAME?Information TechnologyERROR:#NAME?SP701.r
20.9%19.0%6.1%16.0%28.4%15.2%3.4%16.3%21.8%-4.4%ERROR:#N/AERROR:#NAME?EnergyERROR:#NAME?SPN01.r
Health CareS&P 500EnergyIndustrialsConsumer StaplesS&P 500S&P 500Information TechnologyIndustrialsConsumer StaplesERROR:#N/AERROR:#NAME?FinancialsERROR:#NAME?SP621.r
19.7%15.1%4.7%15.3%26.1%13.7%1.4%13.8%21.0%-8.4%ERROR:#N/AERROR:#NAME?Real EstateERROR:#NAME?sp685.r
FinancialsConsumer StaplesInformation TechnologyMaterialsMaterialsIndustrialsFinancialsS&P 500Consumer StaplesComm ServicesERROR:#N/AERROR:#NAME?S&P 500ERROR:#NAME?SP50.r
17.2%14.1%2.4%15.0%25.6%9.8%-1.5%12.0%13.5%-12.5%ERROR:#N/A
Consumer StaplesFinancialsS&P 500Information TechnologyEnergyConsumer DiscretionaryIndustrialsConsumer DiscretionaryUtilitiesFinancialsERROR:#N/A
14.9%12.1%2.1%14.8%25.1%9.7%-2.5%6.0%12.1%-13.0%ERROR:#N/A
EnergyInformation TechnologyIndustrialsConsumer StaplesUtilitiesMaterialsUtilitiesConsumer StaplesReal EstateIndustrialsERROR:#N/A
13.8%10.2%-0.6%10.8%13.2%6.9%-4.8%5.4%10.8%-13.3%ERROR:#N/A
UtilitiesUtilitiesMaterialsEnergyComm ServicesComm ServicesMaterialsReal EstateEnergyMaterialsERROR:#N/A
11.9%5.5%-9.8%4.6%11.5%3.0%-8.4%3.4%-1.0%-14.7%ERROR:#N/A
Comm ServicesHealth CareFinancialsUtilitiesReal EstateEnergyEnergyHealth CareComm ServicesEnergyERROR:#N/A
8.9%2.9%-17.1%1.3%1.6%-7.8%-21.1%-2.7%-1.3%-18.1%ERROR:#N/A
Domestic
2009201020112012201320142015201620172018YTDDate
Mid GrowthMid GrowthLarge GrowthMid ValueSmall GrowthLarge GrowthLarge GrowthSmall ValueLarge GrowthLarge GrowthERROR:#N/A12/31/18
41.1%30.6%4.7%18.5%42.7%14.9%5.5%31.3%27.4%-0.0%ERROR:#N/A9/30/19
Mid BlendSmall GrowthSmall GrowthSmall ValueSmall BlendLarge BlendSmall GrowthSmall BlendLarge BlendSmall GrowthERROR:#N/ARankNameYTD
37.4%28.0%3.6%18.2%41.3%13.7%2.8%26.6%21.8%-4.1%ERROR:#N/AERROR:#NAME?Large ValueERROR:#NAME?svxkERROR:#NAME?
Mid ValueMid BlendLarge BlendMid BlendSmall ValueLarge ValueMid GrowthMid ValueMid GrowthLarge BlendERROR:#N/AERROR:#NAME?Large BlendERROR:#NAME?sp50ERROR:#NAME?
33.7%26.6%2.1%17.9%40.0%12.4%2.0%26.5%19.9%-4.4%ERROR:#N/AERROR:#NAME?Large GrowthERROR:#NAME?sgxERROR:#NAME?
Large GrowthSmall BlendSmall BlendLarge ValueMid ValueMid ValueLarge BlendSmall GrowthMid BlendSmall BlendERROR:#N/AERROR:#NAME?Mid ValueERROR:#NAME?muvkERROR:#NAME?
31.6%26.3%1.0%17.7%34.3%12.1%1.4%22.2%16.2%-8.5%ERROR:#N/AERROR:#NAME?Mid BlendERROR:#NAME?midERROR:#NAME?
Small GrowthSmall ValueLarge ValueMid GrowthMid BlendMid BlendSmall BlendMid BlendLarge ValueLarge ValueERROR:#N/AERROR:#NAME?Mid GrowthERROR:#NAME?mgdkERROR:#NAME?
28.4%24.7%-0.5%17.3%33.5%9.8%-2.0%20.7%15.4%-9.0%ERROR:#N/AERROR:#NAME?Small ValueERROR:#NAME?cvkERROR:#NAME?
Large BlendMid ValueMid GrowthSmall BlendMid GrowthMid GrowthMid BlendLarge ValueSmall GrowthMid GrowthERROR:#N/AERROR:#NAME?Small BlendERROR:#NAME?smlERROR:#NAME?
26.5%22.8%-0.9%16.3%32.8%7.6%-2.2%17.4%14.8%-10.3%ERROR:#N/AERROR:#NAME?Small GrowthERROR:#NAME?ckgERROR:#NAME?
Small BlendLarge ValueSmall ValueLarge BlendLarge GrowthSmall ValueLarge ValueMid GrowthSmall BlendMid BlendERROR:#N/A
25.6%15.1%-1.4%16.0%32.8%7.5%-3.1%14.8%13.2%-11.1%ERROR:#N/A
Small ValueLarge BlendMid BlendLarge GrowthLarge BlendSmall BlendMid ValueLarge BlendMid ValueMid ValueERROR:#N/A
22.8%15.1%-1.7%14.6%32.4%5.8%-6.7%12.0%12.3%-11.9%ERROR:#N/A
Large ValueLarge GrowthMid ValueSmall GrowthLarge ValueSmall GrowthSmall ValueLarge GrowthSmall ValueSmall ValueERROR:#N/A
21.2%15.1%-2.4%14.6%32.0%3.9%-6.7%6.9%11.5%-12.6%ERROR:#N/A
0 97 14784 147 189146 183 1880 173 229147 149 1520 136 202227 208 165154 191 212209 210 212
International
2009201020112012201320142015201620172018YTDDate
EM Latin AmericaEM AsiaUS Large CapPacific ex JapanUS Large CapUS Large CapJapanEM Eastern EuropeEM AsiaEM Eastern EuropeERROR:#N/A12/31/18
104.2%19.4%2.1%24.7%32.4%13.7%9.9%38.8%43.3%-3.4%ERROR:#N/A9/30/19
EM Eastern EuropeEmerging MarketsUnited KingdomEM AsiaEurope ex UKEM AsiaUS Large CapEM Latin AmericaEmerging MarketsUS Large CapERROR:#N/ARankNameYTD
84.3%19.2%-2.5%21.2%28.7%5.3%1.4%31.5%37.8%-4.4%ERROR:#N/AERROR:#NAME?US Large CapERROR:#NAME?sp50ERROR:#NAME?
Emerging MarketsPacific ex JapanDeveloped MarketsEurope ex UKJapanPacific ex JapanEurope ex UKUS Large CapEurope ex UKEM Latin AmericaERROR:#N/AERROR:#NAME?EM Eastern EuropeERROR:#NAME?MS303000ERROR:#NAME?
79.0%17.1%-11.7%22.5%27.3%-0.3%0.1%12.0%27.8%-6.2%ERROR:#N/AERROR:#NAME?Europe ex UKERROR:#NAME?991700ERROR:#NAME?
Pacific ex JapanEM Eastern EuropePacific ex JapanEM Eastern EuropeDeveloped MarketsEmerging MarketsDeveloped MarketsEmerging MarketsPacific ex JapanPacific ex JapanERROR:#N/AERROR:#NAME?Developed MarketsERROR:#NAME?990300ERROR:#NAME?
73.0%16.3%-12.7%18.7%23.3%-1.8%-0.4%11.6%26.0%-10.2%ERROR:#N/AERROR:#NAME?United KingdomERROR:#NAME?982600ERROR:#NAME?
EM AsiaJapanJapanEmerging MarketsUnited KingdomJapanEM Eastern EuropePacific ex JapanDeveloped MarketsJapanERROR:#N/AERROR:#NAME?JapanERROR:#NAME?939200ERROR:#NAME?
72.5%15.6%-14.2%18.6%20.7%-3.7%-4.0%8.0%25.6%-12.6%ERROR:#N/AERROR:#NAME?EM Latin AmericaERROR:#NAME?892000ERROR:#NAME?
United KingdomUS Large CapEurope ex UKDeveloped MarketsPacific ex JapanDeveloped MarketsUnited KingdomEM AsiaJapanDeveloped MarketsERROR:#N/AERROR:#NAME?Emerging MarketsERROR:#NAME?891800ERROR:#NAME?
43.4%15.1%-14.5%17.9%5.6%-4.5%-7.5%6.5%24.4%-13.4%ERROR:#N/AERROR:#NAME?EM AsiaERROR:#NAME?899700ERROR:#NAME?
Europe ex UKEM Latin AmericaEM AsiaUS Large CapEM AsiaUnited KingdomPacific ex JapanJapanEM Latin AmericaUnited KingdomERROR:#N/AERROR:#NAME?Pacific ex JapanERROR:#NAME?991400ERROR:#NAME?
33.9%14.9%-17.2%16.0%2.3%-5.4%-8.4%2.7%24.2%-14.1%ERROR:#N/A
Developed MarketsUnited KingdomEmerging MarketsUnited KingdomEM Eastern EuropeEurope ex UKEM AsiaDeveloped MarketsUnited KingdomEmerging MarketsERROR:#N/A
32.5%8.8%-18.2%15.3%1.4%-5.8%-9.5%1.5%22.4%-14.2%ERROR:#N/A
US Large CapDeveloped MarketsEM Latin AmericaEM Latin AmericaEmerging MarketsEM Latin AmericaEmerging MarketsEurope ex UKUS Large CapEurope ex UKERROR:#N/A
26.5%8.2%-19.1%8.9%-2.3%-12.0%-14.6%0.3%21.8%-14.4%ERROR:#N/A
JapanEurope ex UKEM Eastern EuropeJapanEM Latin AmericaEM Eastern EuropeEM Latin AmericaUnited KingdomEM Eastern EuropeEM AsiaERROR:#N/A
6.4%2.4%-21.3%8.4%-13.2%-37.1%-30.8%-0.0%18.1%-15.2%ERROR:#N/A
0 97 14784 147 189146 183 1880 173 229147 149 1520 136 202227 208 165154 191 212209 210 212
0 173 229156 132 65227 208 1650 83 102255 176 27147 149 15265 57 950 111 112143 136 16496 75 59
Fixed Income
2009201020112012201320142015201620172018YTDDate
High YieldHigh YieldLong-Term BondEmerging Market BondHigh YieldLong-Term BondMunicipalHigh YieldLong-Term BondT-BillERROR:#N/A12/31/18
58.2%15.1%17.1%17.9%7.4%16.4%3.3%17.1%12.2%1.8%ERROR:#N/A9/30/19
Emerging Market BondEmerging Market BondMunicipalHigh YieldAgencyMunicipalAgencyLong-Term BondEmerging Market BondShort-Term BondERROR:#N/ARankNameYTD
34.2%12.8%10.7%15.8%1.0%9.1%1.8%10.2%8.2%1.4%ERROR:#N/AERROR:#NAME?Long-Term BondERROR:#NAME?lhmn0152ERROR:#NAME?
Long-Term BondLong-Term BondTreasuryLong-Term BondShort-Term BondCreditMBSEmerging Market BondGlobal Bond ex USMunicipalERROR:#N/AERROR:#NAME?High YieldERROR:#NAME?LHMN2814ERROR:#NAME?
16.8%10.7%9.8%12.7%0.3%7.5%1.5%9.9%8.0%1.3%ERROR:#N/AERROR:#NAME?Aggregate BondERROR:#NAME?LHMN0001ERROR:#NAME?
CreditCreditCreditCreditT-BillMBSEmerging Market BondCreditHigh YieldAgencyERROR:#N/AERROR:#NAME?CreditERROR:#NAME?lhmn0011ERROR:#NAME?
16.0%8.5%8.4%9.4%0.0%6.1%1.3%5.6%7.5%1.1%ERROR:#N/AERROR:#NAME?Emerging Market BondERROR:#NAME?lhmn0014ERROR:#NAME?
MunicipalGlobal Bond ex USAggregate BondMunicipalUS TIPSAggregate BondTreasuryAggregate BondCreditMBSERROR:#N/AERROR:#NAME?TreasuryERROR:#NAME?lhmn0054ERROR:#NAME?
12.9%8.4%7.8%6.8%-0.9%6.0%0.8%2.6%6.2%1.0%ERROR:#N/AERROR:#NAME?MunicipalERROR:#NAME?lhmn0730ERROR:#NAME?
US TIPSAggregate BondEmerging Market BondAggregate BondMBSTreasuryAggregate BondAgencyMunicipalTreasuryERROR:#N/AERROR:#NAME?Agency1.0%lhmn30875ERROR:#NAME?
9.8%6.5%7.0%4.2%-1.5%5.1%0.5%2.6%5.4%0.9%ERROR:#N/AERROR:#NAME?MBSERROR:#NAME?lhmn2967ERROR:#NAME?
Aggregate BondTreasuryMBSMBSCreditEmerging Market BondShort-Term BondUS TIPSAggregate BondUS TIPSERROR:#N/AERROR:#NAME?Global Bond ex USERROR:#NAME?lhmn0824ERROR:#NAME?
5.9%5.9%6.3%2.6%-2.0%4.8%0.4%2.5%3.5%0.7%ERROR:#N/AERROR:#NAME?US TIPSERROR:#NAME?lhmn29304ERROR:#NAME?
MBSMBSGlobal Bond ex USTreasuryAggregate BondHigh YieldT-BillGlobal Bond ex USAgencyAggregate BondERROR:#N/AERROR:#NAME?Short-Term BondERROR:#NAME?lhmn0090ERROR:#NAME?
5.8%5.4%6.1%2.0%-2.0%2.5%0.0%2.2%2.9%0.0%ERROR:#N/AERROR:#NAME?T-BillERROR:#NAME?lhmn0078ERROR:#NAME?
Global Bond ex USUS TIPSHigh YieldUS TIPSMunicipalAgencyUS TIPSMBSMBSGlobal Bond ex USERROR:#N/A
3.1%2.7%5.0%1.7%-2.6%1.0%-0.4%1.7%2.5%-0.3%ERROR:#N/A
Short-Term BondMunicipalUS TIPSAgencyTreasuryShort-Term BondCreditTreasuryTreasuryHigh YieldERROR:#N/A
1.3%2.4%2.6%1.0%-2.7%0.7%-0.8%1.0%2.3%-2.1%ERROR:#N/A
AgencyShort-Term BondShort-Term BondShort-Term BondEmerging Market BondT-BillGlobal Bond ex USShort-Term BondT-BillCreditERROR:#N/A
1.0%2.4%1.5%0.3%-4.1%0.0%-3.6%0.6%0.8%-2.1%ERROR:#N/A
T-BillAgencyAgencyT-BillLong-Term BondUS TIPSHigh YieldT-BillUS TIPSEmerging Market BondERROR:#N/A
0.1%1.0%1.0%0.1%-6.6%-1.4%-4.5%0.3%0.4%-2.5%ERROR:#N/A
TreasuryT-BillT-BillGlobal Bond ex USGlobal Bond ex USGlobal Bond ex USLong-Term BondMunicipalShort-Term BondLong-Term BondERROR:#N/A
-3.6%0.1%0.1%-0.6%-7.1%-3.5%-4.6%0.2%0.3%-6.8%ERROR:#N/A
lhmn0094Bloomberg Barclays US Treasury Bellwethers (30 Y)
lhmn0093Bloomberg Barclays US Treasury Bellwethers (10 Y)
lhmn0092Bloomberg Barclays US Treasury Bellwethers (5 Y)
lhmn0090Bloomberg Barclays US Treasury Bellwethers (2 Y)
lhmn0088Bloomberg Barclays US Treasury Bellwethers (6 M)
lhmn0087Bloomberg Barclays US Treasury Bellwethers (3 M)
lhmn0078Bloomberg Barclays US Treasury - Bills (1-3 M)
lhmn0001Bloomberg Barclays US Aggregate
lhmn0011Bloomberg Barclays US Aggregate Credit
lhmn2765Bloomberg Barclays IG Credit
lhmn0012Bloomberg Barclays High Yield
lhmn0730Bloomberg Barclays Municipal Bond
lhmn0063Bloomberg Barclays TIPS
lhmn0054Bloomberg Barclays Treasuries
lhmn0095Bloomberg Barclays MBS
lhmn7296Bloomberg Barclays US Floating Rate Notes
lhmn5778Bloomberg Barclays US Convertibles Composite
lhmn0014Bloomberg Barclays EM Bonds (USD)
lhmn20344Bloomberg Barclays EM Bonds (Local)
lhmn0824Bloomberg Barclays Global G6 (G7 x US)
lhmn0038Bloomberg Barclays Global Aggregate
lhmn0039Bloomberg Barclays Global High Yield
lhmn0277Bloomberg Barclays - IG - Industrials
lhmn0394Bloomberg Barclays - IG - Technology
lhmn0495Bloomberg Barclays - IG - Utilities
lhmn0307Bloomberg Barclays - IG - Financials
lhmn0749Bloomberg Barclays Municipal Revenue Bond
lhmn0739Bloomberg Barclays Municipal GO Bond
lhmn0939Bloomberg Barclays Municipal High Yield
254 200 108128 76 25255 176 2796 75 60156 132 65255 212 68121 120 66226 208 166215 168 65114 101 26169 168 121194 106 37214 213 169
Global Debt Yields
ID CountryMAXMINCURRENT
TRYCH10Y-FDSSwitzerlandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYDE10Y-FDSGermanyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYDK10Y-FDSDenmarkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYJP10Y-FDSJapanERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYFR10Y-FDSFranceERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYSE10Y-FDSSwedenERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYBE10Y-FDSBelgiumERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYIE10Y-FDSIrelandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYES10Y-FDSSpainERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYPT10Y-FDSPortugalERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYGB10Y-FDSUnited kingdomERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYIT10Y-FDSItalyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYAU10Y-FDSAustraliaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYNO10Y-FDSNorwayERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYCA10Y-FDSCanadaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYGR10Y-FDSGreeceERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYUS10Y-FDSUnited StatesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
SwitzerlandGermanyDenmarkJapanFranceSwedenBelgiumIrelandSpainPortugalUnited kingdomItalyAustraliaNorwayCanadaGreeceUnited States00000000000000000SwitzerlandGermanyDenmarkJapanFranceSwedenBelgiumIrelandSpainPortugalUnited kingdomItalyAustraliaNorwayCanadaGreeceUnited States00000000000000000SwitzerlandGermanyDenmarkJapanFranceSwedenBelgiumIrelandSpainPortugalUnited kingdomItalyAustraliaNorwayCanadaGreeceUnited States00000000000000000
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Capital Markets Review | QuarterlyJanuary 2020
CAPITAL MARKETS | DOMESTIC EQUITY RETURNS
Capital Markets
10
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Small Growth Large Growth Mid Value Small Growth Mid Value Large Growth Small Value Large Growth Large Growth Large Growth
29.1% 2.6% 18.5% 43.3% 14.7% 5.7% 31.7% 27.4% -1.5% 36.4%
Small Blend Large Blend Small Value Small Blend Large Value Large Blend Small Blend Large Blend Mid Growth Mid Growth
26.9% 1.5% 18.1% 38.8% 13.5% 0.9% 21.3% 21.8% -4.8% 35.5%
Mid Growth Large Value Large Value Mid Growth Large Blend Mid Growth Mid Value Mid Growth Large Blend Large Blend
26.4% 0.4% 17.5% 35.7% 13.2% -0.2% 20.0% 19.9% -4.8% 31.4%
Mid Blend Mid Value Mid Blend Mid Blend Mid Blend Small Growth Large Value Mid Blend Large Value Mid Blend
25.5% -1.4% 17.3% 34.8% 13.2% -1.4% 17.3% 16.2% -8.3% 30.5%
Mid Value Mid Blend Large Blend Small Value Large Growth Mid Blend Mid Blend Large Value Mid Blend Small Growth
24.8% -1.5% 16.4% 34.5% 13.0% -2.4% 13.8% 15.4% -9.1% 28.5%
Small Value Mid Growth Small Blend Large Growth Mid Growth Large Value Large Blend Small Growth Small Growth Mid Value
24.5% -1.7% 16.3% 33.5% 11.9% -3.8% 12.1% 14.8% -9.3% 27.1%
Large Growth Small Growth Mid Growth Mid Value Small Growth Small Blend Small Growth Small Blend Small Blend Large Value
16.7% -2.9% 15.8% 33.5% 5.6% -4.4% 11.3% 13.2% -11.0% 26.5%
Large Blend Small Blend Large Growth Large Blend Small Blend Mid Value Mid Growth Mid Value Mid Value Small Blend
16.1% -4.2% 15.3% 33.1% 4.9% -4.8% 7.3% 12.3% -12.3% 25.5%
Large Value Small Value Small Growth Large Value Small Value Small Value Large Growth Small Value Small Value Small Value
15.5% -5.5% 14.6% 32.5% 4.2% -7.5% 7.1% 11.5% -12.9% 22.4%
PresenterPresentation NotesYet another way to diversify investment assets is by selecting different styles of investments. The “style boxes” illustrated here classify indices in terms of the capitalization (large-, mid- and small-cap) of the companies – the vertical axis – and the investment approach favored by the money manager. In general, the smaller the capitalization of a stock, the more volatile it tends to be – meaning that the stock may offer dramatic potential for growth, but also entails equally dramatic potential for declines. Value investing generally involves buying stocks that appear underpriced based on fundamental analysis. Such securities are typically shares in public companies that trade at discounts to book value, yield robust dividends, have low price-to-earnings multiples and/or low price-to-book ratios.Blend investing focuses on securities that are likely to perform consistently over time. These securities are often used to form the foundation of a portfolio. At the other end of the spectrum are growth stocks, selected for their potential to generate significant earnings growth over the long term.By combining the attributes along the vertical and horizontal axes of the style box, investors can tailor their holdings to help meet their financial objectives while not exceeding their appetite for risk.
__FDSCACHE__
Giampiero Fuentes: TRYUS10Y-FDS^FG_YIELD(0,0)111.9185TRYUS10Y-FDS^MIN(FG_YIELD(-30AY,0))111.3605TRYUS10Y-FDS^MAX(FG_YIELD(-30AY,0))119.09TRYGR10Y-FDS^FG_YIELD(0,0)111.431TRYGR10Y-FDS^MIN(FG_YIELD(-30AY,0))111.148TRYGR10Y-FDS^MAX(FG_YIELD(-30AY,0))1131.02TRYCA10Y-FDS^FG_YIELD(0,0)111.7TRYCA10Y-FDS^MIN(FG_YIELD(-30AY,0))110.95TRYCA10Y-FDS^MAX(FG_YIELD(-30AY,0))1112.008573TRYNO10Y-FDS^FG_YIELD(0,0)111.544TRYNO10Y-FDS^MIN(FG_YIELD(-30AY,0))110.88TRYNO10Y-FDS^MAX(FG_YIELD(-30AY,0))1111.02TRYAU10Y-FDS^FG_YIELD(0,0)111.375TRYAU10Y-FDS^MIN(FG_YIELD(-30AY,0))110.872TRYAU10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.944516TRYIT10Y-FDS^FG_YIELD(0,0)111.416TRYIT10Y-FDS^MIN(FG_YIELD(-30AY,0))110.813TRYIT10Y-FDS^MAX(FG_YIELD(-30AY,0))1115.278TRYGB10Y-FDS^FG_YIELD(0,0)110.822TRYGB10Y-FDS^MIN(FG_YIELD(-30AY,0))110.366TRYGB10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.24TRYPT10Y-FDS^FG_YIELD(0,0)110.4222TRYPT10Y-FDS^MIN(FG_YIELD(-30AY,0))110.0739TRYPT10Y-FDS^MAX(FG_YIELD(-30AY,0))1115.751TRYES10Y-FDS^FG_YIELD(0,0)110.464TRYES10Y-FDS^MIN(FG_YIELD(-30AY,0))110.04TRYES10Y-FDS^MAX(FG_YIELD(-30AY,0))1114.034TRYIE10Y-FDS^FG_YIELD(0,0)110.1123TRYIE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.1504TRYIE10Y-FDS^MAX(FG_YIELD(-30AY,0))1114.0816TRYBE10Y-FDS^FG_YIELD(0,0)110.082TRYBE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.382TRYBE10Y-FDS^MAX(FG_YIELD(-30AY,0))1110.690322TRYSE10Y-FDS^FG_YIELD(0,0)110.149TRYSE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.521TRYSE10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.87TRYFR10Y-FDS^FG_YIELD(0,0)110.118TRYFR10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.441TRYFR10Y-FDS^MAX(FG_YIELD(-30AY,0))1110.67TRYJP10Y-FDS^FG_YIELD(0,0)11-0.0208TRYJP10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.3042TRYJP10Y-FDS^MAX(FG_YIELD(-30AY,0))118.105TRYDK10Y-FDS^FG_YIELD(0,0)11-0.156TRYDK10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.704TRYDK10Y-FDS^MAX(FG_YIELD(-30AY,0))1112.2TRYDE10Y-FDS^FG_YIELD(0,0)11-0.189TRYDE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.72TRYDE10Y-FDS^MAX(FG_YIELD(-30AY,0))119.29129TRYCH10Y-FDS^FG_YIELD(0,0)11-0.434TRYCH10Y-FDS^MIN(FG_YIELD(-30AY,0))11-1.123TRYCH10Y-FDS^MAX(FG_YIELD(-30AY,0))116.963LHMN0152^LB_RETURN(43465,43738)1121.9170824598171LHMN2814^LB_RETURN(43465,43738)1111.4062008881558LHMN0001^LB_RETURN(43465,43738)118.52107283796351LHMN0011^LB_RETURN(43465,43738)1112.6135181105853LHMN0014^LB_RETURN(43465,43738)1110.7930761884174LHMN0054^LB_RETURN(43465,43738)117.71150596028782LHMN0730^LB_RETURN(43465,43738)116.74929709231382LHMN2967^LB_RETURN(43465,43738)115.60003671983449LHMN0824^LB_RETURN(43465,43738)115.17233814158862LHMN29304^LB_RETURN(43465,43738)113.25472996743061LHMN0090^LB_RETURN(43465,43738)112.89128607752098LHMN0078^LB_RETURN(43465,43738)111.76242458881986LHMN0152^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate Credit - LongLHMN2814^FG_COMPANY_NAME11Bloomberg Barclays US High Yield - CorporateLHMN0001^FG_COMPANY_NAME11Bloomberg Barclays US AggregateLHMN0011^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate CreditLHMN0014^FG_COMPANY_NAME11Bloomberg Barclays Emerging Markets USD AggregateLHMN0054^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate Government - TreasuryLHMN0730^FG_COMPANY_NAME11Bloomberg Barclays Municipal BondLHMN30875^FG_COMPANY_NAME11Bloomberg Barclays US Agency CMBSLHMN2967^FG_COMPANY_NAME11Bloomberg Barclays MBS 1000LHMN0824^FG_COMPANY_NAME11Bloomberg Barclays Global G6 (G7 x US)LHMN29304^FG_COMPANY_NAME11Bloomberg Barclays US TIPS (1-3 Y)LHMN0090^FG_COMPANY_NAME11Bloomberg Barclays US Treasury Bellwethers (2 Y)LHMN0078^FG_COMPANY_NAME11Bloomberg Barclays US Treasury - Bills (1-3 M)SP50^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-4.38434932977296939200^MSCI_PRICE_GUSD_D(43465,,,0)116489.83392891800^MSCI_PRICE_GUSD_D(41639,,,0)111956.224461991400^MSCI_PRICE_GUSD_D(43738,,,0)118622.921126991400^MSCI_PRICE_GUSD_D(43100,,,0)118574.108414892000^MSCI_PRICE_GUSD_D(43830,,,0)117993.485374892000^MSCI_PRICE_GUSD_D(42735,,,0)115824.298892899700^MSCI_PRICE_GUSD_D(43738,,,0)111014.596101899700^MSCI_PRICE_GUSD_D(43100,,,0)111125.246395892000^MSCI_PRICE_GUSD_D(43465,,,0)116780.499674891800^MSCI_PRICE_GUSD_D(42369,,,0)111640.2962891800^MSCI_PRICE_GUSD_D(43738,,,0)112297.198972891800^MSCI_PRICE_GUSD_D(43100,,,0)112521.742733891800^MSCI_PRICE_GUSD_D(43830,,,0)112571.141785891800^MSCI_PRICE_GUSD_D(42735,,,0)111830.637982892000^MSCI_PRICE_GUSD_D(43738,,,0)117227.127132892000^MSCI_PRICE_GUSD_D(43100,,,0)117231.100534891800^MSCI_PRICE_GUSD_D(43465,,,0)112162.749493891800^MSCI_PRICE_GUSD_D(42004,,,0)111920.693196939200^MSCI_PRICE_GUSD_D(43100,,,0)117423.496742899700^MSCI_PRICE_GUSD_D(42735,,,0)11785.432074982600^MSCI_PRICE_GUSD_D(43100,,,0)118889.679108892000^MSCI_PRICE_GUSD_D(42369,,,0)114430.171289990300^MSCI_PRICE_GUSD_D(43100,,,0)118134.65472991400^MSCI_PRICE_GUSD_D(42735,,,0)116802.732756991700^MSCI_PRICE_GUSD_D(43100,,,0)1110497.267882891800^MSCI_PRICE_GUSD_D(41274,,,0)112001.59647MS303000^MSCI_PRICE_GUSD_D(43100,,,0)11288.452031SP50^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1121.8315644973017SVXK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1120.0101142260027SML^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1122.7819848286564SGX^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1121.0575171416645MUVK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1117.3860028515326MID^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1117.8727931822367MGDK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1118.3228053159259CVK^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1115.5171506341597SML^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1113.4636510694468CKG^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1111.4973978520357CKG^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1121.1310823626334CVK^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1124.5357417554682MGDK^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1126.2889539430802MID^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1126.1999637700985MUVK^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1126.0810681055526SGX^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1131.13059114429991700^FG_COMPANY_NAME11MSCI Europe ex UKSVXK^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1131.9290318668856SPN37.R^P(43769)11554.9847SP565.R^P(43830)111660.8036SP125.R^P(43769)11987.06415SP477.R^P(43465)11829.8814SP793.R^P(43769)11375.1217SP477.R^P(43830)111059.0066SP821.R^P(43769)11664.8744SP285.R^P(43465)11998.62665SP285.R^P(43769)111227.1124SP285.R^P(43830)111277.6292SP477.R^P(43769)111021.56647SP821.R^P(43465)11534.27893SP565.R^P(43769)111526.3644SP821.R^P(43830)11675.047SP701.R^P(43769)111780.4095SP793.R^P(43465)11299.10266SPN01.R^P(43769)11659.8421SP793.R^P(43830)11396.8809SP621.R^P(43769)11712.7017SP125.R^P(43465)11796.5971SP685.R^P(43769)11509.95038SP125.R^P(43830)111030.5331SP50.R^P(43769)115702.9756SPN37.R^P(43830)11590.1262LHMN0078^LB_RETURN(43769,43465)111.93973332624366LHMN0001^LB_RETURN(43769,43465)118.84794855008306991000^MSCI_PRICE_GUSD_D(43769,,,0)118344.76157SPN37.R^P(43465)11473.68726BBGCICMP^FG_PRICE(43769)1179.2367LHMN0001^LB_RETURN(43830,43465)118.71670078728391UNUS-FTX^P_PRICE(43769)113350.1LHMN0078^LB_RETURN(43830,43465)112.20800730908264SP50.R^FG_COMPANY_NAME11S&P 500 (TR)991000^FG_COMPANY_NAME11MSCI World ex USABBGCICMP^FG_COMPANY_NAME11Bloomberg Commodity IndexUNUS-FTX^FG_COMPANY_NAME11FTSE EPRA/NAREIT United StatesSPN37.R^FG_COMPANY_NAME11S&P 500 (TR) / Materials - SECSP125.R^FG_COMPANY_NAME11S&P 500 (TR) / Industrials - SECSP793.R^FG_COMPANY_NAME11S&P 500 (TR) / Communication Services -SECSP821.R^FG_COMPANY_NAME11S&P 500 (TR) / Utilities - SECSP285.R^FG_COMPANY_NAME11S&P 500 (TR) / Consumer Discretionary - SECSP477.R^FG_COMPANY_NAME11S&P 500 (TR) / Consumer Staples - SECSP565.R^FG_COMPANY_NAME11S&P 500 (TR) / Health Care - SECSP701.R^FG_COMPANY_NAME11S&P 500 (TR) / Information Technology - SECSPN01.R^FG_COMPANY_NAME11S&P 500 (TR) / Energy - SECSP621.R^FG_COMPANY_NAME11S&P 500 (TR) / Financials - SECSP685.R^FG_COMPANY_NAME11S&P 500 (TR) / Real Estate - IG899800^FG_COMPANY_NAME11MSCI AC Asia ex JP939200^MSCI_PRICE_GUSD_D(42735,,,0)115967.906281899700^MSCI_PRICE_GUSD_D(42369,,,0)11737.313925982600^MSCI_PRICE_GUSD_D(42735,,,0)117264.233237892000^MSCI_PRICE_GUSD_D(42004,,,0)116403.693026990300^MSCI_PRICE_GUSD_D(42735,,,0)116475.802148991400^MSCI_PRICE_GUSD_D(42369,,,0)116299.001105991700^MSCI_PRICE_GUSD_D(42735,,,0)118213.064441891800^MSCI_PRICE_GUSD_D(40908,,,0)111687.30045MS303000^MSCI_PRICE_GUSD_D(42735,,,0)11244.292278SP50^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1111.9599221315791939200^MSCI_PRICE_GUSD_D(42369,,,0)115809.487506899700^MSCI_PRICE_GUSD_D(42004,,,0)11814.430002982600^MSCI_PRICE_GUSD_D(42369,,,0)117266.840999892000^MSCI_PRICE_GUSD_D(41639,,,0)117279.338123990300^MSCI_PRICE_GUSD_D(42369,,,0)116379.335274991400^MSCI_PRICE_GUSD_D(42004,,,0)116872.892986991700^MSCI_PRICE_GUSD_D(42369,,,0)118187.483955891800^MSCI_PRICE_GUSD_D(40543,,,0)112062.04187MS303000^MSCI_PRICE_GUSD_D(42369,,,0)11176.035137SP50^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")111.38383293832791939200^MSCI_PRICE_GUSD_D(42004,,,0)115286.209362899700^MSCI_PRICE_GUSD_D(41639,,,0)11773.639905982600^MSCI_PRICE_GUSD_D(42004,,,0)117857.156443892000^MSCI_PRICE_GUSD_D(41274,,,0)118381.908462990300^MSCI_PRICE_GUSD_D(42004,,,0)116404.508507991400^MSCI_PRICE_GUSD_D(41639,,,0)116896.625905991700^MSCI_PRICE_GUSD_D(42004,,,0)118181.353101891800^MSCI_PRICE_GUSD_D(40178,,,0)111729.96349MS303000^MSCI_PRICE_GUSD_D(42004,,,0)11183.34513SP50^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")1113.6885318046176939200^MSCI_PRICE_GUSD_D(41639,,,0)115490.52745899700^MSCI_PRICE_GUSD_D(41274,,,0)11756.199794982600^MSCI_PRICE_GUSD_D(41639,,,0)118301.30604892000^MSCI_PRICE_GUSD_D(40908,,,0)117697.04887990300^MSCI_PRICE_GUSD_D(41639,,,0)116705.112789991400^MSCI_PRICE_GUSD_D(41274,,,0)116529.751647991700^MSCI_PRICE_GUSD_D(41639,,,0)118688.633143892000^MSCI_PRICE_GUSD_D(39813,,,0)114057.914388MS303000^MSCI_PRICE_GUSD_D(41639,,,0)11291.521434SP50^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1132.3881315198895939200^MSCI_PRICE_GUSD_D(41274,,,0)114311.471671899700^MSCI_PRICE_GUSD_D(40908,,,0)11623.711133982600^MSCI_PRICE_GUSD_D(41274,,,0)116876.909784892000^MSCI_PRICE_GUSD_D(40543,,,0)119519.624623990300^MSCI_PRICE_GUSD_D(41274,,,0)115438.295922991400^MSCI_PRICE_GUSD_D(40908,,,0)115234.710859991700^MSCI_PRICE_GUSD_D(41274,,,0)116749.121254891800^MSCI_PRICE_GUSD_D(39813,,,0)11966.344096MS303000^MSCI_PRICE_GUSD_D(41274,,,0)11287.355393SP50^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1116.0034899226216939200^MSCI_PRICE_GUSD_D(40908,,,0)113978.698011899700^MSCI_PRICE_GUSD_D(40543,,,0)11752.872651982600^MSCI_PRICE_GUSD_D(40908,,,0)115964.299906892000^MSCI_PRICE_GUSD_D(40178,,,0)118286.039955990300^MSCI_PRICE_GUSD_D(40908,,,0)114612.710469991400^MSCI_PRICE_GUSD_D(40543,,,0)115994.509032991700^MSCI_PRICE_GUSD_D(40908,,,0)115507.644889939200^MSCI_PRICE_GUSD_D(39813,,,0)113770.061098MS303000^MSCI_PRICE_GUSD_D(40908,,,0)11242.066641SP50^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")112.11177960692053939200^MSCI_PRICE_GUSD_D(40543,,,0)114636.532463899700^MSCI_PRICE_GUSD_D(40178,,,0)11630.789698982600^MSCI_PRICE_GUSD_D(40543,,,0)116118.445477899700^MSCI_PRICE_GUSD_D(39813,,,0)11362.095913990300^MSCI_PRICE_GUSD_D(40543,,,0)115225.887268991400^MSCI_PRICE_GUSD_D(40178,,,0)115120.635274991700^MSCI_PRICE_GUSD_D(40543,,,0)116440.742796991400^MSCI_PRICE_GUSD_D(39813,,,0)112959.176598MS303000^MSCI_PRICE_GUSD_D(40543,,,0)11307.392043SP50^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1115.0633645046528939200^MSCI_PRICE_GUSD_D(40178,,,0)114011.055955982600^MSCI_PRICE_GUSD_D(39813,,,0)113922.24924982600^MSCI_PRICE_GUSD_D(40178,,,0)115623.492732990300^MSCI_PRICE_GUSD_D(39813,,,0)113645.936091990300^MSCI_PRICE_GUSD_D(40178,,,0)114829.422846991700^MSCI_PRICE_GUSD_D(39813,,,0)114694.065373991700^MSCI_PRICE_GUSD_D(40178,,,0)116287.24766MS303000^MSCI_PRICE_GUSD_D(39813,,,0)11143.463142MS303000^MSCI_PRICE_GUSD_D(40178,,,0)11264.381021SP50^FG_TRET_PCHG_IDX(40178,39813,,,,"UNHEDGED")1126.4644910482243939200^MSCI_PRICE_GUSD_D(43738,,,0)117237.605169899700^MSCI_PRICE_GUSD_D(43830,,,0)111142.285941982600^MSCI_PRICE_GUSD_D(43738,,,0)118411.644396899700^MSCI_PRICE_GUSD_D(43465,,,0)11954.67889990300^MSCI_PRICE_GUSD_D(43738,,,0)117988.983333991400^MSCI_PRICE_GUSD_D(43830,,,0)119124.711013991700^MSCI_PRICE_GUSD_D(43738,,,0)1110422.271928991400^MSCI_PRICE_GUSD_D(43465,,,0)117700.198969MS303000^MSCI_PRICE_GUSD_D(43738,,,0)11329.429744SP50^FG_TRET_PCHG_IDX(43738,43465,,,,"UNHEDGED")1120.5523373014915982600^MSCI_PRICE_GUSD_D(43465,,,0)117636.318534982600^MSCI_PRICE_GUSD_D(43830,,,0)119250.074194990300^MSCI_PRICE_GUSD_D(43465,,,0)117048.072174990300^MSCI_PRICE_GUSD_D(43830,,,0)118644.840233991700^MSCI_PRICE_GUSD_D(43465,,,0)118983.784071991700^MSCI_PRICE_GUSD_D(43830,,,0)1111310.497843MS303000^MSCI_PRICE_GUSD_D(43465,,,0)11278.692002MS303000^MSCI_PRICE_GUSD_D(43830,,,0)11378.008841SP50^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1131.4864201966418991000^MSCI_PRICE_GUSD_D(43830,,,0)118721.8545991000^MSCI_PRICE_GUSD_D(43465,,,0)117081.511044BBGCICMP^FG_PRICE(43830)1180.8871BBGCICMP^FG_PRICE(43465)1176.7154UNUS-FTX^P_PRICE(43830)113236.36UNUS-FTX^P_PRICE(43465)112707.6SP565.R^P(43465)111374.5604SP701.R^P(43830)111960.5117SP701.R^P(43465)111304.5SPN01.R^P(43830)11712.32935SPN01.R^P(43465)11637.072SP621.R^P(43830)11768.75934SP621.R^P(43465)11581.8407SP685.R^P(43830)11507.76465SP685.R^P(43465)11393.57782SP50.R^P(43830)116088.3613SP50.R^P(43465)114630.4106MID^FG_COMPANY_NAME11S&P Mid Cap 400CVK^FG_COMPANY_NAME11S&P Small Cap 600 ValueSML^FG_COMPANY_NAME11S&P Small Cap 600CKG^FG_COMPANY_NAME11S&P Small Cap 600 GrowthSVXK^FG_COMPANY_NAME11S&P 500 Value939200^MSCI_PRICE_GUSD_D(43830,,,0)117792.581126MUVK^FG_COMPANY_NAME11S&P Mid Cap 400 ValueMGDK^FG_COMPANY_NAME11S&P Mid Cap 400 GrowthSGX^FG_COMPANY_NAME11S&P 500 Growth990300^FG_COMPANY_NAME11MSCI EAFE982600^FG_COMPANY_NAME11MSCI United Kingdom939200^FG_COMPANY_NAME11MSCI Japan892000^FG_COMPANY_NAME11MSCI EM Latin America891800^FG_COMPANY_NAME11MSCI EM (Emerging Markets)899700^FG_COMPANY_NAME11MSCI EM Asia991400^FG_COMPANY_NAME11MSCI Pacific ex JPSP50^FG_COMPANY_NAME11S&P 500MS303000^FG_COMPANY_NAME11MSCI EM Eastern EurThis sheet contains FactSet XML data for use with this workbook's =FDS codes. Modifying the worksheet's contents may damage the workbook's =FDS functionality.
Giampiero Fuentes: opeR.2000V^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1118.0510403032407R.2000^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1116.3498627593968R.2000G^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1114.5875861440277R.2000G^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1128.4834514920641R.2000^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1125.5249063785669R.2000V^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1122.3940193101477R.3000V^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1126.2571170099088R.3000^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1131.0190486300256R.3000G^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1135.8462503858387R.MIDG^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1135.4697063236856R.MID^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1130.5419203864517R.MIDV^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1127.0620867894592R.1000G^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1136.3896430332104R.1000^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1131.4261277392858R.1000V^FG_TRET_PCHG_IDX(43830,43465,,,,"UNHEDGED")1126.5413426213954R.3000V^FG_COMPANY_NAME11Russell 3000 ValueR.3000^FG_COMPANY_NAME11Russell 3000R.3000G^FG_COMPANY_NAME11Russell 3000 GrowthR.MIDG^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1115.8056480811158R.MID^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1117.2775665331039R.MIDV^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1118.5055444104056R.1000G^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1115.257784017828R.1000^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1116.4223325814384R.1000V^FG_TRET_PCHG_IDX(41274,40908,,,,"UNHEDGED")1117.5087574545364R.2000G^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")11-2.90776903358158R.2000^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")11-4.1756723946255R.2000V^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")11-5.50067644246707R.MIDG^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")11-1.65033255234491R.MID^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")11-1.54715587195258R.MIDV^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")11-1.38057163628998R.1000G^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")112.64198801235604R.1000^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")111.50068353310082R.1000V^FG_TRET_PCHG_IDX(40908,40543,,,,"UNHEDGED")110.390494861959123R.2000G^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1129.0875881199114R.2000^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1126.854890738731R.2000V^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1124.5039661595721R.MIDG^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1126.3840696330954R.MID^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1125.475028300012R.MIDV^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1124.7502467746423R.1000G^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1116.710566297509R.1000^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1116.0970480405262R.1000V^FG_TRET_PCHG_IDX(40543,40178,,,,"UNHEDGED")1115.5059638401953R.2000G^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1143.3009156618098R.2000^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1138.8223415827339R.2000V^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1134.5211743525365R.MIDG^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1135.741729476729R.MID^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1134.7640494211695R.MIDV^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1133.4581371716304R.1000G^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1133.484869311977R.1000^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1133.111208044064R.1000V^FG_TRET_PCHG_IDX(41639,41274,,,,"UNHEDGED")1132.5267512999218R.2000G^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")115.60396548183795R.2000^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")114.89436511162051R.2000V^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")114.21751627947553R.MIDG^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")1111.9024447262714R.MID^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")1113.2175743738967R.MIDV^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")1114.7497777223326R.1000G^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")1113.049824874877R.1000^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")1113.2385288807101R.1000V^FG_TRET_PCHG_IDX(42004,41639,,,,"UNHEDGED")1113.452451287279R.2000G^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")11-1.38165430929542R.2000^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")11-4.41409205151655R.2000V^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")11-7.46878459411389R.MIDG^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")11-0.200090207722448R.MID^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")11-2.4386228761451R.MIDV^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")11-4.77989169378028R.1000G^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")115.66725306803304R.1000^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")110.917481044590618R.1000V^FG_TRET_PCHG_IDX(42369,42004,,,,"UNHEDGED")11-3.82731260614665R.2000G^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1111.3180870691798R.2000^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1121.3079855312862R.2000V^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1131.7408353776369R.MIDG^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")117.32855937805676R.MID^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1113.7983121101462R.MIDV^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1119.9974437467397R.1000G^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")117.07648793541018R.1000^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1112.0538125235875R.1000V^FG_TRET_PCHG_IDX(42735,42369,,,,"UNHEDGED")1117.3404520306585R.2000G^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1122.1667301534584R.2000^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1114.6472351150618R.2000V^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")117.83786807493558R.MIDG^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1125.2679849439056R.MID^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1118.5177633315782R.MIDV^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1113.3442746668589R.1000G^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1130.2125243122671R.1000^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1121.6871214139758R.1000V^FG_TRET_PCHG_IDX(43100,42735,,,,"UNHEDGED")1113.6645398703225R.2000G^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-9.30798572903403R.2000^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-11.0139511480029R.2000V^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-12.8639944729519R.MIDG^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-4.75062920250162R.MID^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-9.05811990799159R.MIDV^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-12.2896653049009R.1000G^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-1.51372969932307R.1000^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-4.78411177847095R.1000V^FG_TRET_PCHG_IDX(43465,43100,,,,"UNHEDGED")11-8.26731611260189R.1000V^FG_COMPANY_NAME11Russell 1000 ValueR.1000^FG_COMPANY_NAME11Russell 1000R.1000G^FG_COMPANY_NAME11Russell 1000 GrowthR.MIDV^FG_COMPANY_NAME11Russell Midcap ValueR.MID^FG_COMPANY_NAME11Russell MidcapR.MIDG^FG_COMPANY_NAME11Russell Midcap GrowthR.2000V^FG_COMPANY_NAME11Russell 2000 ValueR.2000^FG_COMPANY_NAME11Russell 2000R.2000G^FG_COMPANY_NAME11Russell 2000 Growth
Benchmarks
ASSET CLASSBENCHMARKASSET CLASSBENCHMARK
lhmn0078Cash & Cash AlternativesERROR:#NAME?Citi Treasury Bill 3 Mon USDSmall BlendERROR:#NAME?smlRussell 3000 Index
lhmn0001Fixed IncomeERROR:#NAME?Small GrowthERROR:#NAME?ckgRussell 3000 Growth Index
SP50.RUS EquitiesERROR:#NAME?Russell 3000 TRUS Large CapERROR:#NAME?sp50Russell 1000 Index
991000World EquitiesERROR:#NAME?EM Eastern EuropeERROR:#NAME?MS303000
bbgcicmpCommoditiesERROR:#NAME?Europe ex UKERROR:#NAME?991700
unus-ftxReal EstateERROR:#NAME?Developed MarketsERROR:#NAME?990300
SPN37.rMaterialsERROR:#NAME?United KingdomERROR:#NAME?982600
sp125.rIndustrialsERROR:#NAME?JapanERROR:#NAME?939200
SP793.rComm ServicesERROR:#NAME?EM Latin AmericaERROR:#NAME?892000
SP821.rUtilitiesERROR:#NAME?Emerging MarketsERROR:#NAME?891800
SP285.rConsumer DiscretionaryERROR:#NAME?EM AsiaERROR:#NAME?899700
SP477.rConsumer StaplesERROR:#NAME?Pacific ex JapanERROR:#NAME?991400
SP565.rHealth CareERROR:#NAME?Long-Term BondERROR:#NAME?lhmn0152
SP701.rInformation TechnologyERROR:#NAME?High YieldERROR:#NAME?LHMN2814
SPN01.rEnergyERROR:#NAME?Aggregate BondERROR:#NAME?LHMN0001
SP621.rFinancialsERROR:#NAME?CreditERROR:#NAME?lhmn0011
sp685.rReal EstateERROR:#NAME?Emerging Market BondERROR:#NAME?lhmn0014
SP50.rS&P 500ERROR:#NAME?Russell 3000 TRTreasuryERROR:#NAME?lhmn0054
svxkLarge ValueERROR:#NAME?Russell 3000 Value IndexMunicipalERROR:#NAME?lhmn0730
sp50Large BlendERROR:#NAME?Russell 1000 IndexAgencyERROR:#NAME?lhmn30875
sgxLarge GrowthERROR:#NAME?Russell 1000 Growth IndexMBSERROR:#NAME?lhmn2967
muvkMid ValueERROR:#NAME?Russell 2000 Value IndexGlobal Bond ex USERROR:#NAME?lhmn0824
midMid BlendERROR:#NAME?Russell 2000 IndexUS TIPSERROR:#NAME?lhmn29304
mgdkMid GrowthERROR:#NAME?Russell 2000 Growth IndexShort-Term BondERROR:#NAME?lhmn0090
cvkSmall ValueERROR:#NAME?Rusell 3000 Value IndexT-BillERROR:#NAME?lhmn0078Citi Treasury Bill 3 Mon USD
ASSET CLASSCURRENT BENCHMARKOLD BENCHMARK
US EquitiesS&P 500 (TR)Russell 3000 TR
S&P 500S&P 500 (TR)Russell 3000 TR
Large ValueS&P 500 ValueRussell 3000 Value Index
Large BlendS&P 500Russell 1000 Index
Large GrowthS&P 500 GrowthRussell 1000 Growth Index
Mid ValueS&P Mid Cap 400 ValueRussell 2000 Value Index
Mid BlendS&P Mid Cap 400Russell 2000 Index
Mid GrowthS&P Mid Cap 400 GrowthRussell 2000 Growth Index
Small ValueS&P Small Cap 600 ValueRusell 3000 Value Index
Small BlendS&P Small Cap 600Russell 3000 Index
Small GrowthS&P Small Cap 600 GrowthRussell 3000 Growth Index
US Large CapS&P 500Russell 1000 Index
T-BillBloomberg Barclays US Treasury - Bills (1-3 M)Citi Treasury Bill 3 Mon USD
Broad
20092010201120122013201420152016201720182019
Non-US EquitiesReal EstateFixed IncomeNon-US EquitiesUS EquitiesReal EstateUS EquitiesReal EstateNon-US EquitiesCash & Cash AlternativesERROR:#N/Alhmn0078Cash & Cash Alternatives
34.4%40.4%7.8%17.0%32.4%14.3%1.4%15.3%24.8%1.8%ERROR:#N/A
US EquitiesCommoditiesBlended PortfolioUS EquitiesNon-US EquitiesUS EquitiesFixed IncomeUS EquitiesUS EquitiesFixed IncomeERROR:#N/Alhmn0001Fixed Income
26.5%16.7%2.3%16.0%21.6%13.7%0.5%12.0%21.8%0.0%ERROR:#N/A
Real EstateUS EquitiesUS EquitiesBlended PortfolioBlended PortfolioBlended PortfolioBlended PortfolioCommoditiesBlended PortfolioBlended PortfolioERROR:#N/ASP50.RUS Equities
22.1%15.1%2.1%11.4%17.0%8.0%0.5%11.4%15.0%-4.0%ERROR:#N/A
Blended PortfolioBlended PortfolioCash & Cash AlternativesFixed IncomeCash & Cash AlternativesFixed IncomeCash & Cash AlternativesBlended PortfolioFixed IncomeUS EquitiesERROR:#N/A991000World Equities
19.4%10.8%0.1%4.2%0.0%6.0%0.0%6.9%3.5%-4.4%ERROR:#N/A
CommoditiesNon-US EquitiesReal EstateReal EstateFixed IncomeCash & Cash AlternativesNon-US EquitiesNon-US EquitiesCash & Cash AlternativesReal EstateERROR:#N/AbbgcicmpCommodities
18.7%9.4%-2.2%0.6%-2.0%0.0%-2.6%3.3%0.8%-7.6%ERROR:#N/A
Fixed IncomeFixed IncomeNon-US EquitiesCash & Cash AlternativesCommoditiesNon-US EquitiesReal EstateFixed IncomeCommoditiesCommoditiesERROR:#N/Aunus-ftxReal Estate
5.9%6.5%-11.8%0.1%-9.6%-3.9%-24.2%2.6%0.7%-13.0%ERROR:#N/A
Cash & Cash AlternativesCash & Cash AlternativesCommoditiesCommoditiesReal EstateCommoditiesCommoditiesCash & Cash AlternativesReal EstateNon-US EquitiesERROR:#N/ABlended Portfolio
0.1%0.1%-13.4%-1.1%-25.8%-17.0%-24.7%0.3%-0.2%-13.6%ERROR:#N/A
12/31/18
12/31/19
RankName2019
ERROR:#NAME?Cash & Cash AlternativesERROR:#NAME?
ERROR:#NAME?Fixed IncomeERROR:#NAME?
ERROR:#NAME?US EquitiesERROR:#NAME?
ERROR:#NAME?Non-US EquitiesERROR:#NAME?
ERROR:#NAME?CommoditiesERROR:#NAME?
ERROR:#NAME?Real EstateERROR:#NAME?
ERROR:#NAME?Blended PortfolioERROR:#NAME?
Sectors
20092010201120122013201420152016201720182019Date
Information TechnologyReal EstateUtilitiesFinancialsConsumer DiscretionaryReal EstateConsumer DiscretionaryEnergyInformation TechnologyHealth CareERROR:#N/A12/31/18
61.7%32.3%20.0%28.8%43.1%30.2%10.1%27.4%38.8%6.5%ERROR:#N/A12/31/19
MaterialsConsumer DiscretionaryConsumer StaplesConsumer DiscretionaryHealth CareUtilitiesHealth CareComm ServicesMaterialsUtilitiesERROR:#N/ARankNameYTD
48.6%27.7%14.0%23.9%41.5%29.0%6.9%23.5%23.8%4.1%ERROR:#N/AERROR:#NAME?MaterialsERROR:#NAME?SPN37.r
Consumer DiscretionaryIndustrialsHealth CareReal EstateIndustrialsHealth CareConsumer StaplesFinancialsConsumer DiscretionaryConsumer DiscretionaryERROR:#N/AERROR:#NAME?IndustrialsERROR:#NAME?sp125.r
41.3%26.7%12.7%19.7%40.7%25.3%6.6%22.8%23.0%0.8%ERROR:#N/AERROR:#NAME?Comm ServicesERROR:#NAME?SP793.r
Real EstateMaterialsReal EstateComm ServicesFinancialsInformation TechnologyInformation TechnologyIndustrialsFinancialsInformation TechnologyERROR:#N/AERROR:#NAME?UtilitiesERROR:#NAME?SP821.r
27.1%22.2%11.4%18.3%35.6%20.1%5.9%18.9%22.2%-0.3%ERROR:#N/AERROR:#NAME?Consumer DiscretionaryERROR:#NAME?SP285.r
S&P 500EnergyComm ServicesHealth CareS&P 500Consumer StaplesReal EstateMaterialsHealth CareReal EstateERROR:#N/AERROR:#NAME?Consumer StaplesERROR:#NAME?SP477.r
26.5%20.5%6.3%17.9%32.4%16.0%4.7%16.7%22.1%-2.2%ERROR:#N/AERROR:#NAME?Health CareERROR:#NAME?SP565.r
IndustrialsComm ServicesConsumer DiscretionaryS&P 500Information TechnologyFinancialsComm ServicesUtilitiesS&P 500S&P 500ERROR:#N/AERROR:#NAME?Information TechnologyERROR:#NAME?SP701.r
20.9%19.0%6.1%16.0%28.4%15.2%3.4%16.3%21.8%-4.4%ERROR:#N/AERROR:#NAME?EnergyERROR:#NAME?SPN01.r
Health CareS&P 500EnergyIndustrialsConsumer StaplesS&P 500S&P 500Information TechnologyIndustrialsConsumer StaplesERROR:#N/AERROR:#NAME?FinancialsERROR:#NAME?SP621.r
19.7%15.1%4.7%15.3%26.1%13.7%1.4%13.8%21.0%-8.4%ERROR:#N/AERROR:#NAME?Real EstateERROR:#NAME?sp685.r
FinancialsConsumer StaplesInformation TechnologyMaterialsMaterialsIndustrialsFinancialsS&P 500Consumer StaplesComm ServicesERROR:#N/AERROR:#NAME?S&P 500ERROR:#NAME?SP50.r
17.2%14.1%2.4%15.0%25.6%9.8%-1.5%12.0%13.5%-12.5%ERROR:#N/A
Consumer StaplesFinancialsS&P 500Information TechnologyEnergyConsumer DiscretionaryIndustrialsConsumer DiscretionaryUtilitiesFinancialsERROR:#N/A
14.9%12.1%2.1%14.8%25.1%9.7%-2.5%6.0%12.1%-13.0%ERROR:#N/A
EnergyInformation TechnologyIndustrialsConsumer StaplesUtilitiesMaterialsUtilitiesConsumer StaplesReal EstateIndustrialsERROR:#N/A
13.8%10.2%-0.6%10.8%13.2%6.9%-4.8%5.4%10.8%-13.3%ERROR:#N/A
UtilitiesUtilitiesMaterialsEnergyComm ServicesComm ServicesMaterialsReal EstateEnergyMaterialsERROR:#N/A
11.9%5.5%-9.8%4.6%11.5%3.0%-8.4%3.4%-1.0%-14.7%ERROR:#N/A
Comm ServicesHealth CareFinancialsUtilitiesReal EstateEnergyEnergyHealth CareComm ServicesEnergyERROR:#N/A
8.9%2.9%-17.1%1.3%1.6%-7.8%-21.1%-2.7%-1.3%-18.1%ERROR:#N/A
Domestic
2010201120122013201420152016201720182019Date
Small GrowthLarge GrowthMid ValueSmall GrowthMid ValueLarge GrowthSmall ValueLarge GrowthLarge GrowthERROR:#N/A12/31/18
29.1%2.6%18.5%43.3%14.7%5.7%31.7%27.4%-1.5%ERROR:#N/A12/31/19
Small BlendLarge BlendSmall ValueSmall BlendLarge ValueLarge BlendSmall BlendLarge BlendMid GrowthERROR:#N/ARankNameYTD
26.9%1.5%18.1%38.8%13.5%0.9%21.3%21.8%-4.8%ERROR:#N/AERROR:#NAME?Large ValueERROR:#NAME?r.1000vERROR:#NAME?
Mid GrowthLarge ValueLarge ValueMid GrowthLarge BlendMid GrowthMid ValueMid GrowthLarge BlendERROR:#N/AERROR:#NAME?Large BlendERROR:#NAME?r.1000ERROR:#NAME?
26.4%0.4%17.5%35.7%13.2%-0.2%20.0%19.9%-4.8%ERROR:#N/AERROR:#NAME?Large GrowthERROR:#NAME?r.1000gERROR:#NAME?
Mid BlendMid ValueMid BlendMid BlendMid BlendSmall GrowthLarge ValueMid BlendLarge ValueERROR:#N/AERROR:#NAME?Mid ValueERROR:#NAME?r.midvERROR:#NAME?
25.5%-1.4%17.3%34.8%13.2%-1.4%17.3%16.2%-8.3%ERROR:#N/AERROR:#NAME?Mid BlendERROR:#NAME?r.midERROR:#NAME?
Mid ValueMid BlendLarge BlendSmall ValueLarge GrowthMid BlendMid BlendLarge ValueMid BlendERROR:#N/AERROR:#NAME?Mid GrowthERROR:#NAME?r.midgERROR:#NAME?
24.8%-1.5%16.4%34.5%13.0%-2.4%13.8%15.4%-9.1%ERROR:#N/AERROR:#NAME?Small ValueERROR:#NAME?r.2000vERROR:#NAME?
Small ValueMid GrowthSmall BlendLarge GrowthMid GrowthLarge ValueLarge BlendSmall GrowthSmall GrowthERROR:#N/AERROR:#NAME?Small BlendERROR:#NAME?r.2000ERROR:#NAME?
24.5%-1.7%16.3%33.5%11.9%-3.8%12.1%14.8%-9.3%ERROR:#N/AERROR:#NAME?Small GrowthERROR:#NAME?r.2000gERROR:#NAME?
Large GrowthSmall GrowthMid GrowthMid ValueSmall GrowthSmall BlendSmall GrowthSmall BlendSmall BlendERROR:#N/A
16.7%-2.9%15.8%33.5%5.6%-4.4%11.3%13.2%-11.0%ERROR:#N/A
Large BlendSmall BlendLarge GrowthLarge BlendSmall BlendMid ValueMid GrowthMid ValueMid ValueERROR:#N/A
16.1%-4.2%15.3%33.1%4.9%-4.8%7.3%12.3%-12.3%ERROR:#N/A
Large ValueSmall ValueSmall GrowthLarge ValueSmall ValueSmall ValueLarge GrowthSmall ValueSmall ValueERROR:#N/A
15.5%-5.5%14.6%32.5%4.2%-7.5%7.1%11.5%-12.9%ERROR:#N/A
0 97 14784 147 189146 183 1880 173 229147 149 1520 136 202227 208 165154 191 212209 210 212
International
20092010201120122013201420152016201720182019Date
EM Latin AmericaEM AsiaUS Large CapPacific ex JapanUS Large CapUS Large CapJapanEM Eastern EuropeEM AsiaEM Eastern EuropeERROR:#N/A12/31/18
104.2%19.4%2.1%24.7%32.4%13.7%9.9%38.8%43.3%-3.4%ERROR:#N/A12/31/19
EM Eastern EuropeEmerging MarketsUnited KingdomEM AsiaEurope ex UKEM AsiaUS Large CapEM Latin AmericaEmerging MarketsUS Large CapERROR:#N/ARankNameYTD
84.3%19.2%-2.5%21.2%28.7%5.3%1.4%31.5%37.8%-4.4%ERROR:#N/AERROR:#NAME?US Large CapERROR:#NAME?sp50ERROR:#NAME?
Emerging MarketsPacific ex JapanDeveloped MarketsEurope ex UKJapanPacific ex JapanEurope ex UKUS Large CapEurope ex UKEM Latin AmericaERROR:#N/AERROR:#NAME?EM Eastern EuropeERROR:#NAME?MS303000ERROR:#NAME?
79.0%17.1%-11.7%22.5%27.3%-0.3%0.1%12.0%27.8%-6.2%ERROR:#N/AERROR:#NAME?Europe ex UKERROR:#NAME?991700ERROR:#NAME?
Pacific ex JapanEM Eastern EuropePacific ex JapanEM Eastern EuropeDeveloped MarketsEmerging MarketsDeveloped MarketsEmerging MarketsPacific ex JapanPacific ex JapanERROR:#N/AERROR:#NAME?Developed MarketsERROR:#NAME?990300ERROR:#NAME?
73.0%16.3%-12.7%18.7%23.3%-1.8%-0.4%11.6%26.0%-10.2%ERROR:#N/AERROR:#NAME?United KingdomERROR:#NAME?982600ERROR:#NAME?
EM AsiaJapanJapanEmerging MarketsUnited KingdomJapanEM Eastern EuropePacific ex JapanDeveloped MarketsJapanERROR:#N/AERROR:#NAME?JapanERROR:#NAME?939200ERROR:#NAME?
72.5%15.6%-14.2%18.6%20.7%-3.7%-4.0%8.0%25.6%-12.6%ERROR:#N/AERROR:#NAME?EM Latin AmericaERROR:#NAME?892000ERROR:#NAME?
United KingdomUS Large CapEurope ex UKDeveloped MarketsPacific ex JapanDeveloped MarketsUnited KingdomEM AsiaJapanDeveloped MarketsERROR:#N/AERROR:#NAME?Emerging MarketsERROR:#NAME?891800ERROR:#NAME?
43.4%15.1%-14.5%17.9%5.6%-4.5%-7.5%6.5%24.4%-13.4%ERROR:#N/AERROR:#NAME?EM AsiaERROR:#NAME?899700ERROR:#NAME?
Europe ex UKEM Latin AmericaEM AsiaUS Large CapEM AsiaUnited KingdomPacific ex JapanJapanEM Latin AmericaUnited KingdomERROR:#N/AERROR:#NAME?Pacific ex JapanERROR:#NAME?991400ERROR:#NAME?
33.9%14.9%-17.2%16.0%2.3%-5.4%-8.4%2.7%24.2%-14.1%ERROR:#N/A
Developed MarketsUnited KingdomEmerging MarketsUnited KingdomEM Eastern EuropeEurope ex UKEM AsiaDeveloped MarketsUnited KingdomEmerging MarketsERROR:#N/A
32.5%8.8%-18.2%15.3%1.4%-5.8%-9.5%1.5%22.4%-14.2%ERROR:#N/A
US Large CapDeveloped MarketsEM Latin AmericaEM Latin AmericaEmerging MarketsEM Latin AmericaEmerging MarketsEurope ex UKUS Large CapEurope ex UKERROR:#N/A
26.5%8.2%-19.1%8.9%-2.3%-12.0%-14.6%0.3%21.8%-14.4%ERROR:#N/A
JapanEurope ex UKEM Eastern EuropeJapanEM Latin AmericaEM Eastern EuropeEM Latin AmericaUnited KingdomEM Eastern EuropeEM AsiaERROR:#N/A
6.4%2.4%-21.3%8.4%-13.2%-37.1%-30.8%-0.0%18.1%-15.2%ERROR:#N/A
0 97 14784 147 189146 183 1880 173 229147 149 1520 136 202227 208 165154 191 212209 210 212
0 173 229156 132 65227 208 1650 83 102255 176 27147 149 15265 57 950 111 112143 136 16496 75 59
Fixed Income
20092010201120122013201420152016201720182019Date
High YieldHigh YieldLong-Term BondEmerging Market BondHigh YieldLong-Term BondMunicipalHigh YieldLong-Term BondT-BillERROR:#N/A12/31/18
58.2%15.1%17.1%17.9%7.4%16.4%3.3%17.1%12.2%1.8%ERROR:#N/A9/30/19
Emerging Market BondEmerging Market BondMunicipalHigh YieldAgencyMunicipalAgencyLong-Term BondEmerging Market BondShort-Term BondERROR:#N/ARankNameYTD
34.2%12.8%10.7%15.8%1.0%9.1%1.8%10.2%8.2%1.4%ERROR:#N/AERROR:#NAME?Long-Term BondERROR:#NAME?lhmn0152ERROR:#NAME?
Long-Term BondLong-Term BondTreasuryLong-Term BondShort-Term BondCreditMBSEmerging Market BondGlobal Bond ex USMunicipalERROR:#N/AERROR:#NAME?High YieldERROR:#NAME?LHMN2814ERROR:#NAME?
16.8%10.7%9.8%12.7%0.3%7.5%1.5%9.9%8.0%1.3%ERROR:#N/AERROR:#NAME?Aggregate BondERROR:#NAME?LHMN0001ERROR:#NAME?
CreditCreditCreditCreditT-BillMBSEmerging Market BondCreditHigh YieldAgencyERROR:#N/AERROR:#NAME?CreditERROR:#NAME?lhmn0011ERROR:#NAME?
16.0%8.5%8.4%9.4%0.0%6.1%1.3%5.6%7.5%1.1%ERROR:#N/AERROR:#NAME?Emerging Market BondERROR:#NAME?lhmn0014ERROR:#NAME?
MunicipalGlobal Bond ex USAggregate BondMunicipalUS TIPSAggregate BondTreasuryAggregate BondCreditMBSERROR:#N/AERROR:#NAME?TreasuryERROR:#NAME?lhmn0054ERROR:#NAME?
12.9%8.4%7.8%6.8%-0.9%6.0%0.8%2.6%6.2%1.0%ERROR:#N/AERROR:#NAME?MunicipalERROR:#NAME?lhmn0730ERROR:#NAME?
US TIPSAggregate BondEmerging Market BondAggregate BondMBSTreasuryAggregate BondAgencyMunicipalTreasuryERROR:#N/AERROR:#NAME?Agency1.0%lhmn30875ERROR:#NAME?
9.8%6.5%7.0%4.2%-1.5%5.1%0.5%2.6%5.4%0.9%ERROR:#N/AERROR:#NAME?MBSERROR:#NAME?lhmn2967ERROR:#NAME?
Aggregate BondTreasuryMBSMBSCreditEmerging Market BondShort-Term BondUS TIPSAggregate BondUS TIPSERROR:#N/AERROR:#NAME?Global Bond ex USERROR:#NAME?lhmn0824ERROR:#NAME?
5.9%5.9%6.3%2.6%-2.0%4.8%0.4%2.5%3.5%0.7%ERROR:#N/AERROR:#NAME?US TIPSERROR:#NAME?lhmn29304ERROR:#NAME?
MBSMBSGlobal Bond ex USTreasuryAggregate BondHigh YieldT-BillGlobal Bond ex USAgencyAggregate BondERROR:#N/AERROR:#NAME?Short-Term BondERROR:#NAME?lhmn0090ERROR:#NAME?
5.8%5.4%6.1%2.0%-2.0%2.5%0.0%2.2%2.9%0.0%ERROR:#N/AERROR:#NAME?T-BillERROR:#NAME?lhmn0078ERROR:#NAME?
Global Bond ex USUS TIPSHigh YieldUS TIPSMunicipalAgencyUS TIPSMBSMBSGlobal Bond ex USERROR:#N/A
3.1%2.7%5.0%1.7%-2.6%1.0%-0.4%1.7%2.5%-0.3%ERROR:#N/A
Short-Term BondMunicipalUS TIPSAgencyTreasuryShort-Term BondCreditTreasuryTreasuryHigh YieldERROR:#N/A
1.3%2.4%2.6%1.0%-2.7%0.7%-0.8%1.0%2.3%-2.1%ERROR:#N/A
AgencyShort-Term BondShort-Term BondShort-Term BondEmerging Market BondT-BillGlobal Bond ex USShort-Term BondT-BillCreditERROR:#N/A
1.0%2.4%1.5%0.3%-4.1%0.0%-3.6%0.6%0.8%-2.1%ERROR:#N/A
T-BillAgencyAgencyT-BillLong-Term BondUS TIPSHigh YieldT-BillUS TIPSEmerging Market BondERROR:#N/A
0.1%1.0%1.0%0.1%-6.6%-1.4%-4.5%0.3%0.4%-2.5%ERROR:#N/A
TreasuryT-BillT-BillGlobal Bond ex USGlobal Bond ex USGlobal Bond ex USLong-Term BondMunicipalShort-Term BondLong-Term BondERROR:#N/A
-3.6%0.1%0.1%-0.6%-7.1%-3.5%-4.6%0.2%0.3%-6.8%ERROR:#N/A
lhmn0094Bloomberg Barclays US Treasury Bellwethers (30 Y)
lhmn0093Bloomberg Barclays US Treasury Bellwethers (10 Y)
lhmn0092Bloomberg Barclays US Treasury Bellwethers (5 Y)
lhmn0090Bloomberg Barclays US Treasury Bellwethers (2 Y)
lhmn0088Bloomberg Barclays US Treasury Bellwethers (6 M)
lhmn0087Bloomberg Barclays US Treasury Bellwethers (3 M)
lhmn0078Bloomberg Barclays US Treasury - Bills (1-3 M)
lhmn0001Bloomberg Barclays US Aggregate
lhmn0011Bloomberg Barclays US Aggregate Credit
lhmn2765Bloomberg Barclays IG Credit
lhmn0012Bloomberg Barclays High Yield
lhmn0730Bloomberg Barclays Municipal Bond
lhmn0063Bloomberg Barclays TIPS
lhmn0054Bloomberg Barclays Treasuries
lhmn0095Bloomberg Barclays MBS
lhmn7296Bloomberg Barclays US Floating Rate Notes
lhmn5778Bloomberg Barclays US Convertibles Composite
lhmn0014Bloomberg Barclays EM Bonds (USD)
lhmn20344Bloomberg Barclays EM Bonds (Local)
lhmn0824Bloomberg Barclays Global G6 (G7 x US)
lhmn0038Bloomberg Barclays Global Aggregate
lhmn0039Bloomberg Barclays Global High Yield
lhmn0277Bloomberg Barclays - IG - Industrials
lhmn0394Bloomberg Barclays - IG - Technology
lhmn0495Bloomberg Barclays - IG - Utilities
lhmn0307Bloomberg Barclays - IG - Financials
lhmn0749Bloomberg Barclays Municipal Revenue Bond
lhmn0739Bloomberg Barclays Municipal GO Bond
lhmn0939Bloomberg Barclays Municipal High Yield
254 200 108128 76 25255 176 2796 75 60156 132 65255 212 68121 120 66226 208 166215 168 65114 101 26169 168 121194 106 37214 213 169
Global Debt Yields
ID CountryMAXMINCURRENT
TRYCH10Y-FDSSwitzerlandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYDE10Y-FDSGermanyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYDK10Y-FDSDenmarkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYJP10Y-FDSJapanERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYBE10Y-FDSBelgiumERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYIE10Y-FDSIrelandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYFR10Y-FDSFranceERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYSE10Y-FDSSwedenERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYPT10Y-FDSPortugalERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYES10Y-FDSSpainERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYGB10Y-FDSUnited KingdomERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYAU10Y-FDSAustraliaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYIT10Y-FDSItalyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYGR10Y-FDSGreeceERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYNO10Y-FDSNorwayERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYCA10Y-FDSCanadaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
TRYUS10Y-FDSUnited StatesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
SwitzerlandGermanyDenmarkJapanBelgiumIrelandFranceSwedenPortugalSpainUnited KingdomAustraliaItalyGreeceNorwayCanadaUnited States00000000000000000SwitzerlandGermanyDenmarkJapanBelgiumIrelandFranceSwedenPortugalSpainUnited KingdomAustraliaItalyGreeceNorwayCanadaUnited States00000000000000000SwitzerlandGermanyDenmarkJapanBelgiumIrelandFranceSwedenPortugalSpainUnited KingdomAustraliaItalyGreeceNorwayCanadaUnited States00000000000000000
-
Capital Markets Review | QuarterlyJanuary 2020
CAPITAL MARKETS | FIXED INCOME RETURNS
11
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
High Yield High YieldLong-Term
BondEmerging
Market Bond High YieldLong-Term
Bond Municipal High YieldLong-Term
Bond T-BillLong-Term
Bond58.2% 15.1% 17.1% 17.9% 7.4% 16.4% 3.3% 17.1% 12.2% 1.8% 21.9%
Emerging Market Bond
Emerging Market Bond Municipal High Yield Agency Municipal Agency
Long-Term Bond
Emerging Market Bond
Short-Term Bond Credit
34.2% 12.8% 10.7% 15.8% 1.0% 9.1% 1.8% 10.2% 8.2% 1.4% 12.6%Long-Term
BondLong-Term
Bond TreasuryLong-Term
BondShort-Term
Bond Credit MBSEmerging
Market BondGlobal Bond ex
US Municipal High Yield
16.8% 10.7% 9.8% 12.7% 0.3% 7.5% 1.5% 9.9% 8.0% 1.3% 11.4%
Credit Credit Credit Credit T-Bill MBSEmerging
Market Bond Credit High Yield AgencyEmerging
Market Bond16.0% 8.5% 8.4% 9.4% 0.0% 6.1% 1.3% 5.6% 7.5% 1.1% 10.8%
MunicipalGlobal Bond ex
USAggregate
Bond Municipal US TIPSAggregate
Bond TreasuryAggregate
Bond Credit MBSAggregate
Bond12.9% 8.4% 7.8% 6.8% -0.9% 6.0% 0.8% 2.6% 6.2% 1.0% 8.5%
US TIPSAggregate
BondEmerging
Market BondAggregate
Bond MBS TreasuryAggregate
Bond Agency Municipal Treasury Treasury
9.8% 6.5% 7.0% 4.2% -1.5% 5.1% 0.5% 2.6% 5.4% 0.9% 7.7%Aggregate
Bond Treasury MBS MBS CreditEmerging
Market BondShort-Term
Bond US TIPSAggregate
Bond US TIPS Municipal
5.9% 5.9% 6.3% 2.6% -2.0% 4.8% 0.4% 2.5% 3.5% 0.7% 6.7%
MBS MBSGlobal Bond ex
US TreasuryAggregate
Bond High Yield T-BillGlobal Bond ex
US AgencyAggregate
Bond MBS
5.8% 5.4% 6.1% 2.0% -2.0% 2.5% 0.0% 2.2% 2.9% 0.0% 5.6%Global Bond ex
US US TIPS High Yield US TIPS Municipal Agency US TIPS MBS MBSGlobal Bond ex
USGlobal Bond ex
US3.1% 2.7% 5.0% 1.7% -2.6% 1.0% -0.4% 1.7% 2.5% -0.3% 5.2%
Short-Term Bond Municipal US TIPS Agency Treasury
Short-Term Bond Credit Treasury Treasury High Yield US TIPS
1.3% 2.4% 2.6% 1.0% -2.7% 0.7% -0.8% 1.0% 2.3% -2.1% 3.3%
Agency Short-Term Bond
Short-Term Bond
Short-Term Bond
Emerging Market Bond
T-Bill Global Bond ex US
Short-Term Bond
T-Bill Credit Short-Term Bond
1.0% 2.4% 1.5% 0.3% -4.1% 0.0% -3.6% 0.6% 0.8% -2.1% 2.9%
T-Bill Agency Agency T-Bill Long-Term Bond
US TIPS High Yield T-Bill US TIPS Emerging Market Bond
T-Bill
0.1% 1.0% 1.0% 0.1% -6.6% -1.4% -4.5% 0.3% 0.4% -2.5% 1.8%
Treasury T-Bill T-Bill Global Bond ex US
Global Bond ex US
Global Bond ex US
Long-Term Bond
Municipal Short-Term Bond
Long-Term Bond
Agency
-3.6% 0.1% 0.1% -0.6% -7.1% -3.5% -4.6% 0.2% 0.3% -6.8% 1.0%
__FDSCACHE__
Giampiero Fuentes: TRYCH10Y-FDS^MAX(FG_YIELD(-30AY,0))116.963TRYCH10Y-FDS^MIN(FG_YIELD(-30AY,0))11-1.123TRYCH10Y-FDS^FG_YIELD(0,0)11-0.535TRYDE10Y-FDS^MAX(FG_YIELD(-30AY,0))119.29129TRYDE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.72TRYDE10Y-FDS^FG_YIELD(0,0)11-0.349TRYDK10Y-FDS^MAX(FG_YIELD(-30AY,0))1112.2TRYDK10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.704TRYDK10Y-FDS^FG_YIELD(0,0)11-0.315TRYJP10Y-FDS^MAX(FG_YIELD(-30AY,0))118.105TRYJP10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.3042TRYJP10Y-FDS^FG_YIELD(0,0)11-0.0898TRYFR10Y-FDS^MAX(FG_YIELD(-30AY,0))1110.67TRYFR10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.441TRYFR10Y-FDS^FG_YIELD(0,0)11-0.04TRYSE10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.87TRYSE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.521TRYSE10Y-FDS^FG_YIELD(0,0)11-0.015TRYBE10Y-FDS^MAX(FG_YIELD(-30AY,0))1110.690322TRYBE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.382TRYBE10Y-FDS^FG_YIELD(0,0)11-0.064TRYIE10Y-FDS^MAX(FG_YIELD(-30AY,0))1114.0816TRYIE10Y-FDS^MIN(FG_YIELD(-30AY,0))11-0.1504TRYIE10Y-FDS^FG_YIELD(0,0)110.06TRYES10Y-FDS^MAX(FG_YIELD(-30AY,0))1114.034TRYES10Y-FDS^MIN(FG_YIELD(-30AY,0))110.04TRYES10Y-FDS^FG_YIELD(0,0)110.402TRYPT10Y-FDS^MAX(FG_YIELD(-30AY,0))1115.751TRYPT10Y-FDS^MIN(FG_YIELD(-30AY,0))110.0739TRYPT10Y-FDS^FG_YIELD(0,0)110.3445TRYGB10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.24TRYGB10Y-FDS^MIN(FG_YIELD(-30AY,0))110.366TRYGB10Y-FDS^FG_YIELD(0,0)110.726TRYIT10Y-FDS^MAX(FG_YIELD(-30AY,0))1115.278TRYIT10Y-FDS^MIN(FG_YIELD(-30AY,0))110.813TRYIT10Y-FDS^FG_YIELD(0,0)111.178TRYAU10Y-FDS^MAX(FG_YIELD(-30AY,0))1113.944516TRYAU10Y-FDS^MIN(FG_YIELD(-30AY,0))110.872TRYAU10Y-FDS^FG_YIELD(0,0)111.159TRYNO10Y-FDS^MAX(FG_YIELD(-30AY,0))1111.18TRYNO10Y-FDS^MIN(FG_YIELD(-30AY,0))110.88TRYNO10Y-FDS^FG_YIELD(0,0)111.425TRYCA10Y-FDS^MAX(FG_YIELD(-30AY,0))1112.008573TRYCA10Y-FDS^MIN(FG_YIELD(-30AY,0))110.95TRYCA10Y-FDS^FG_YIELD(0,0)111.48TRYGR10Y-FDS^MAX(FG_YIELD(-30AY,0))1131.02TRYGR10Y-FDS^MIN(FG_YIELD(-30AY,0))111.148TRYGR10Y-FDS^FG_YIELD(0,0)111.421TRYUS10Y-FDS^MAX(FG_YIELD(-30AY,0))119.09TRYUS10Y-FDS^MIN(FG_YIELD(-30AY,0))111.3605TRYUS10Y-FDS^FG_YIELD(0,0)111.8066LHMN0152^LB_RETURN(43465,43738)1121.9170824598171LHMN2814^LB_RETURN(43465,43738)1111.4062008881558LHMN0001^LB_RETURN(43465,43738)118.52107283796351LHMN0011^LB_RETURN(43465,43738)1112.6135181105853LHMN0014^LB_RETURN(43465,43738)1110.7930761884174LHMN0054^LB_RETURN(43465,43738)117.71150596028782LHMN0730^LB_RETURN(43465,43738)116.74929709231382LHMN2967^LB_RETURN(43465,43738)115.60003671983449LHMN0824^LB_RETURN(43465,43738)115.17233814158862LHMN29304^LB_RETURN(43465,43738)113.25472996743061LHMN0090^LB_RETURN(43465,43738)112.89128607752098LHMN0078^LB_RETURN(43465,43738)111.76242458881986LHMN0152^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate Credit - LongLHMN2814^FG_COMPANY_NAME11Bloomberg Barclays US High Yield - CorporateLHMN0001^FG_COMPANY_NAME11Bloomberg Barclays US AggregateLHMN0011^FG_COMPANY_NAME11Bloomberg Barclays US Aggregate CreditLHMN0014^FG_COMPANY_NAME11Bloomberg Barclays Emerging Markets USD Agg