Issue link: https://info.seic.com/i/1445430
SEI Portfolio Update: First Quarter 2023 II Index and Benchmark Descriptions The Bloomberg 1 Year Municipal Bond Index includes bonds with a minimum credit rating of BAA3, are issued as part of a deal of at least $50 million, have an amount outstanding of at least $5 million and have maturities of one to two years. The Bloomberg 1-3 Year US Government/Credit Index includes medium and larger issues of U.S. government, investment- grade corporate and investment-grade international, U.S. dollar-denominated, publicly-available bonds that have maturities of between 1 and 3 years. The Bloomberg 1-5 Year US TIPS Index measures the performance of inflation-protected public obligations of the U.S. Treasury that have a remaining maturity of one to five years. The Bloomberg 3-10 Year Municipal Blend (2-12) Index consists of tax-exempt general obligation, revenue and private activity bonds and notes, which are issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies and instrumentalities with a remaining maturity of more than 3 years and less than 10 years. The Bloomberg 3-15 Year Municipal Blend (2-17) Index consists of tax-exempt general obligation, revenue and private activity bonds and notes, which are issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies and instrumentalities with a remaining maturity of more than 3 years and less than 15 years. The Bloomberg 60/40 HY Muni & Muni Index has a 60% weighting in non-investment grade municipal bonds and 40% weighting in investment-grade municipal bonds. The Bloomberg CA Intermediate Muni Index measures the performance of bonds issued by California municipalities. The Bloomberg Global Aggregate ex-USD Index, provides a broad-based measure of the global investment-grade fixed-rate debt markets outside of the U.S., consisting of the Pan-European Aggregate and Asian-Pacific Aggregate Indices, excluding the effects of foreign exchange movements vis-à-vis the U.S. dollar. The Bloomberg Global Aggregate Index, an unmanaged market-capitalization-weighted benchmark, tracks the performance of investment-grade fixed-income securities denominated in 13 currencies. The index reflects reinvestment of all distributions and changes in market prices. The Bloomberg GNMA Index represents securitized mortgage pools backed by the Government National Mortgage Association (GNMA). The Bloomberg MA Intermediate Muni Index measures the performance of bonds issued by Massachusetts municipalities. The Bloomberg NY Intermediate Muni Index the performance of bonds issued by New York municipalities. The Bloomberg PA Intermediate Muni Index the performance of bonds issued by Pennsylvania municipalities. The Bloomberg Short US Treasury 9-12 Month Index measures the performance of U.S. Treasury securities that have a remaining maturity between one and twelve months. The Bloomberg US Aggregate Bond Index is a benchmark index composed of U.S. securities in Treasury, Government- Related, Corporate and Securitized sectors. It includes securities that are of investment-grade quality or better, have at least one year to maturity and have an outstanding par value of at least $250 million. The Bloomberg Commodity Total Return Index is a diversified benchmark for commodity investments composed of futures contracts; it reflects the returns on a fully collateralized investment in the Index. This combines the returns of the Index with the returns on cash collateral invested in 13-week (3-month) U.S. Treasury bills. The ICE BofA 1-3 Year US Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than three years. The ICE BofA US 3-Month Treasury Bill Index is an unmanaged market index of U.S. Treasury securities maturing in 90 days that assumes reinvestment of all income.