Highlights from investment-grade, bank-loan, and high-yield asset classes.
Source: Bloomberg, Credit Suisse and Morningstar® as of 2/28/23.
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 Index and index components.
*3-year discount margin show for bank loans.
1Seliger, Yuri et al. Credit Market Strategist BofA Global Research “Situation Room,” February 2023.
2Pacific Asset Management Analysis, Feb. 27, 2023.
3Nelson, Jantzen, JPM Daily Credit Strategy & CDS/COX AM Update. J.P. Morgan, Feb, 28, 2023.
4Citi Loan Tracker, Feb. 28, 2023.
5Hamid, Sherif, Jefferies Strategy, Feb. 24, 2023.
6Koch, Fer et al. CS Credit Strategy Daily Comment. Feb. 2, 2023.
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.
All investing involves risks including the possible loss of the principal amount invested.
Pacific Life Insurance Company is the administrator for Pacific Funds. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Investors should consider a fund’s investment goal, risks, charges, and expenses carefully before investing. The prospectus and/or the applicable summary prospectus contain this and other information about the Fund and are available from PacificFunds.com. The prospectus and/or summary prospectus should be read carefully before investing.
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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