US Government Bonds Have Offered More Consistent Diversification

We believe in the diversification benefits of holding US government bonds and continue to favor a 10% fixed income allocation for younger participants. However, as of April 1, 2021, we have partially replaced long government bonds with intermediate government bonds to reduce interest rate risk.

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  •   US Agg Bond Index - Total Return USD
  •   Global Agg ex-USD - Total Return Hedged USD
  •   State Street Global Advisors US Gov't Bond Allocation

Rolling 3-Year Correlation vs. S&P 500