Disclosure Title
Source: Bloomberg.
Disclosure
Relative returns compare the median 12-month total returns of the Morningstar LSTA Leveraged Loan Index (SPBDAL Index) compared to the Bloomberg U.S. Treasury 1-5 Year Index (LTR1TRUU) depending on the starting slope of the 3-month/10-year Treasury yield curve, measured by the Market Matrix US Sell 3 Month & Buy 10 Year Bond Yield Spread (USYC3M10 Index) using monthly data from January 1997 through August 2022. Past performance is no guarantee of future results.