Figure 1 disclosures
US Private Placement (USPP) Market spreads based on average quarterly spread data from Bank of America. Market average assumes the USPP market spreads are based on ~40% NAIC-1 and~60% NAIC-2 issuance, in line with historical averages. Spreads are at time of issuance over duration equivalent US Treasuries. | Index spreads are based on average daily option-adjusted spread over the period. Please note this data is for informational purposes only and is not meant for broad distribution. Results do not reflect any Wellington portfolio and reflect data sourced from Bank of America. While data is believed to be reliable, Wellington does not guarantee the accuracy or completeness of the data. There may be other private placements in the market that are not captured by Bank of America's data, and they may have had different results. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS.
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