Highlights from investment-grade, bank-loan, and high-yield asset classes.
Source: Bloomberg, Credit Suisse and Morningstar® as of 4/30/23.
Investment-grade corporate bonds are represented by the Bloomberg US Credit Index and index components. Bank loans are represented by the Credit Suisse Leveraged Loan Index and index components. High yield is represented by the Bloomberg US Corporate High Yield Index and index components. An option-adjusted spread (OAS) is the measurement of the spread of a fixed-income security rate and the risk-free rate of return.
*3-year discount margin show for bank loans.
1 Deutsche Bank Strategy, May 2, 2023.
2 JPM Daily Credit Strategy & CDS/COX AM Update, May 1, 2023.
3 BNP Strategy, April 28, 2023.
4 Goldman Sachs Strategy, April 27, 2023.
5 JPM Daily Credit Strategy & CDS/COX AM Update, May 2, 2023.
6 JPM Daily Credit Strategy & CDS/COX AM Update, April 27, 2023.
7 JPM Daily Credit Strategy & CDS/COX AM Update, April 25, 2023.
8 Bloomberg, May 1, 2023.
9 Citi Strategy Team, April 20, 2023.
Investors should consider a fund's investment goal, risks, charges, and expenses carefully before investing. The prospectuses contain this and other information about the funds. The prospectuses and/or summary prospectuses should be read carefully before investing.
Investing involves risk. Principal loss is possible.
Foreside Financial Services, LLC, distributor.
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