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CORPORATE PENSION MONTHLY

July 2022  |  1 Minute Read


 

GS Retirement & Investment Solutions clients and prospects may review this monthly publication to stay up-to-date on the current investing and regulatory environment. For months that fall on quarter end, please refer to our Corporate Pension Quarterly.

 

Monthly Report - July 2022

With assets rising more than liabilities in July, we estimate that the aggregate funded status of US pensions in the S&P 500 index rose month-over-month, climbing to 97% on a rounded basis at month-end.

 

 

*1 year projected funded status range. Source: Company reports, Bloomberg, and Goldman Sachs Asset Management. GAAP funded status % based on US plans (when specified) of S&P 500 companies. **Past performance does not guarantee future results, which may vary. All figures above except for December 2021 are estimated and unaudited as of 7/31/2022, and are subject to potentially significant revisions over time. 2022(E) figures published here are estimated. Actual returns may vary significantly. For illustrative purposes only. Economic and market forecasts presented herein are for informational purposes as of the date of this presentation. There can be no assurance that the forecasts will be achieved. Please see additional disclosures at the end of the presentation.

 

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Corporate Pension Monthly

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Indices are unmanaged. The figures for the index reflect the reinvestment of all income or dividends, as applicable, but do not reflect the deduction of any fees or expenses which would reduce returns. Investors cannot invest directly in indices. 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.

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The Bloomberg US Aggregate Bond Index represents an unmanaged diversified portfolio of fixed income securities, including US Treasuries, investment grade corporate bonds, and mortgage backed and asset-backed securities.

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The US Treasury Bond is a debt obligation backed by the United States government and its interest payments are exempt from state and local taxes. However, interest payments are not exempt from federal taxes.

Canada: This presentation has been communicated in Canada by GSAM LP, which is registered as a portfolio manager under securities legislation in all provinces of Canada and as a commodity trading manager under the commodity futures legislation of Ontario and as a derivatives adviser under the derivatives legislation of Quebec. GSAM LP is not registered to provide investment advisory or portfolio management services in respect of exchange-traded futures or options contracts in Manitoba and is not offering to provide such investment advisory or portfolio management services in Manitoba by delivery of this material.

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Date of first use: June 17, 2022.

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