1. Source: J.P.Morgan, Bloomberg. As of June 30, 2022. Post global financial crisis period is defined as Q3 2009 onwards.
2. Based on Freddie Mac Survey as of July 7, 2022.
3. Source: Goldman Sachs Asset Management, ICE BofAML MBS Index. As of July 7, 2022.
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The indices referenced herein have been selected because they are well known, easily recognized by investors, and reflect those indices that the Investment Manager believes, in part based on industry practice, provide a suitable benchmark against which to evaluate the investment or broader market described herein. The exclusion of “failed” or closed hedge funds may mean that each index overstates the performance of hedge funds generally.
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282011-TMPL-06/2022-1623271. Date of first use: July 11, 2022.