Bonds and Buffer

Frequency and magnitude of losses

*Stock returns are based on the IA SSBI US Large Stock Index. **Bond returns through 201 are based on a custom benchmark with equal weightings in the IA SSBI US IT Govt and US LT Corp indices. Returns starting in 2022 are based on the Morningstar US Core Bond Index.
Source: Morningstar Direct, July 31, 2022
Morningstar