1 Source: Bloomberg. Data as of 9/17/2020.
2 Source: Bloomberg. Data as of 8/31/2020. Based on 5-year monthly return correlation of the ChinaBond China High Quality Bond Index (China bonds), Bloomberg Barclays U.S. Treasury Index (U.S. Treasuries), Bloomberg Barclays U.S. Aggregate Bond Index (investment grade bonds), J.P. Morgan EMBI Global Diversified Index (hard currency emerging markets bonds), J.P. Morgan GBI-EM Global Diversified Index (local currency emerging markets bonds), ICE BofA US High Yield Index (U.S. high yield) and S&P 500 (U.S. equity).
Please note that Van Eck Associates Corporation serves as investment advisor to investment products that invest in the asset class(es) included herein.
J.P. Morgan GBI-EM Global Core Index tracks local currency denominated EM government debt.
FTSE World Government Bond Index tracks the performance of fixed-rate, local currency, investment-grade sovereign bonds.
ChinaBond China High Quality Bond Index comprised of fixed-rate, Renminbi-denominated bonds issued in the People's Republic of China by Chinese credit, governmental and quasi-governmental (e.g., policy banks) issuers.
Bloomberg Barclays U.S. Treasury Index measures U.S. dollar-denominated, fixed-rate, nominal debt issued by the U.S. Treasury.
Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency).
J.P. Morgan EMBI Global Diversified Index is a market-capitalization weighted, total-return index tracking the traded market for U.S.-dollar-denominated Brady bonds, Eurobonds, traded loans, and local market debt instruments issued by sovereign and quasi-sovereign entities.
J.P. Morgan GBI-EM Global Diversified Index tracks emerging markets local government bonds that are accessible by most foreign investors. The weighting scheme provides additional diversification by more evenly distributing weights among the countries in the index. Countries are capped at 10%.
ICE BofA US High Yield Index tracks the performance of below-investment-grade U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market.
S&P 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector.
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All investing is subject to risk, including the possible loss of the money you invest. Bonds and bond funds will decrease in value as interest rates rise. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.