Highlights from investment-grade, bank loan, and high-yield asset classes.
Source: Bloomberg, Credit Suisse and Morningstar® as of 10/31/22.
U.S. credit 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 and index components.
*3-year discount margin show for bank loans.
1 Citi economist Andrew Hollenhorst, Oct. 27, 2022
2 ”Navigating the Flows,” Morgan Stanley IG strategy by Vishwas Patkar, Oct. 25, 2022
3 LCD, Nov. 2, 2022
4 Rogoff, Bradley, et al. Outlook Call. Barclays. November 2022.
5 Jantzen, Nelson, JPM Daily Credit Strategy & CDS/COX am update. Nov. 2, 2022.
6 Jantzen, Nelson, J.P. Morgan Default Monitor, Nov. 1, 2022..
7 Beinstein, Eric, JPM Daily Credit Strategy & CDS/COX am update, J.P. Morgan, Nov. 2, 2022
Past performance does not guarantee future results. Index performance is not indicative of fund performance. Standardized performance for the fund can be obtained by visiting www.PacificFunds.com.
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Pacific Funds are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and are available through licensed third parties. Pacific Funds refers to Pacific Funds Series Trust.
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