Highlights from investment-grade, bank-loan, and high-yield asset classes.
Source: Bloomberg, Credit Suisse and Morningstar® as of 8/31/23.
Investment-grade corporate bonds represent the Bloomberg US Credit Index and index components. This index measures the performance of investment grade, US dollar-denominated, fixed-rate, taxable corporate and government-related debt with at least 10 years to maturity. Bank loans represent the Credit Suisse Leveraged Loan Index and index components. This index is designed to mirror the investable universe of the U.S. dollar-denominated leveraged loan market. High yield represents by the Bloomberg US Corporate High Yield Index and index components. This index covers performance for U.S. high-yield corporate bonds. An option-adjusted spread (OAS) is the measurement of the spread of a fixed-income security rate and the risk-free rate of return.
1 Yield quoted is yield-to-worst. Yield-to-worst is a measure of the lowest possible yield from purchasing a bond apart from a company defaulting.
2 Yields represent four-year effective yield. The effective yield is a financial metric that measures the interest rate (or coupon rate) return on a bond.
3 Yields represent three-year effective yield. The effective yield is a financial metric that measures the interest rate (or coupon rate) return on a bond.
1 Barclays Investment-Grade Corporate Index
2 JPM Daily Credit Strategy & CDS/COX AM Update, Sept. 8, 2023.
3 Credit Market Strategist BofA Global Research, “Situation Room,” September 2023.
4 Citi Strategy Team, Sept. 8, 2023.
5 JPM Daily Credit Strategy & CDS/COX AM Update, Aug. 17, 2023.
6 JPM Daily Credit Strategy & CDS/COX AM Update, Sept. 5, 2023.
7 Credit Market Strategist BofA Global Research, “Situation Room,” September 2023.
Any performance data quoted represent past performance, which does not guarantee future results. Index performance is not indicative of any fund performance. Indexes are unmanaged, and it is not possible to invest directly in an index. For current standardized performance of the funds, please visit www.artistotlefunds.com.The views expressed are as of the publication date and are presented for informational purposes only. These views should not be considered as investment advice, an endorsement of any security, mutual fund, sector or index, or to predict performance of any investment or market. Any forward-looking statements are not guaranteed. All material is compiled from sources believed to be reliable, but accuracy cannot be guaranteed. The opinions expressed herein are subject to change without notice as market and other conditions warrant.
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.
Unfortunately, Internet Explorer is an outdated browser and we do not support it. To have the best browsing experience, please upgrade to Google Chrome, Firefox or Safari.Upgrade