Blended Benchmark - The Benchmark consists of a 70/30 blend of the Bloomberg US Aggregate Bond Index, which covers the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS, ABS, and CMBS, and the ICE BofA U.S. High Yield Constrained Index, which tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market but caps issuer exposure at 2%. The Blended Benchmark returns are calculated by using the monthly returns of the two indices during each period shown above. At the beginning of each month, the two indices are rebalanced to a 70/30 ratio to account for divergence from that ratio that occurred during the course of each month. The monthly returns are then compounded for each period shown above, giving the performance for the Blended Benchmark for each period shown above.
Bloomberg US Aggregate Bond Index - The Index covers the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS, ABS, and CMBS.
Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.