The Broad Blended Benchmark - return is split between the Bloomberg Barclays U.S. Aggregate Bond Index (60%) and the Russell 3000® Index (40%).
The Multi Asset Class Blended Benchmark - weighted to include nine indexes: Russell 3000 Index (15%), ICE BofAML Fixed Rate Preferred Securities Index (8%), Alerian MLP Index (15%), S&P U.S. REIT Index (15%), ICE BofAML U.S. High Yield Index (8%), S&P/LSTA Leveraged Loan Index (15%), Bloomberg Barclays U.S. Corporate Investment Grade Index (8%), ICE BofAML U.S. MBS Index (8%), ICE BofAML U.S. Inflation-Linked Treasury Index (8%).
The Bloomberg Barclays U.S. Aggregate Bond 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.
The Russell 3000® Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
The ICE BofAML Fixed Rate Preferred Securities Index tracks the performance of fixed-rate U.S. dollar denominated preferred securities issued in the U.S. domestic market.
The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships calculated using a float-adjusted market capitalization methodology.
The S&P U.S. REIT Index defines and measures the investable universe of publicly traded real estate investment trusts domiciled in the U.S.
The ICE BofAML U.S. High Yield Index tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.
The S&P/LSTA Leveraged Loan Index is a market value-weighted index designed to measure the performance of the U.S. leverage loan market based upon market weightings, spreads, and interest payments.
The Bloomberg Barclays U.S. Corporate Investment Grade Index measures the performance of investment grade U.S. corporate bonds. The index includes all publicly issued, dollar-denominated corporate bonds with a minimum of $250 million par outstanding that are investment grade-rated (Baa3/BBB- or higher). The index excludes bonds having less than one year to final maturity as well as floating rate bonds, non-registered private placements, structured notes, hybrids, and convertible securities.
The ICE BofAML U.S. MBS Index measures the performance of investment grade fixed-rate mortgage-backed pass-through securities of GNMA, FNMA, and FHLMC.
The ICE BofAML U.S. Inflation-Linked Treasury Index is an unmanaged index comprised of U.S. Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity of greater than one year.
Blended Benchmarks and Indexes reflect no deduction for fees, expenses, or taxes.