June 2020 Index Returns

We hope you, your family, and loved ones are enjoying summer so far, and have a happy Independence Day!  Now if we could only liberate ourselves from COVID-19...

In summary:

• Of the indices we track, only the Russell Large Cap Value was negative for the month of June.
• Large Cap Growth was again the leader among US size- and style segments.
• Emerging Markets logged the highest monthly returns (+7.4%).  At ~40% of the category, Chinese stocks lifted EM as their manufacturing sector continues to recover from its COVID-related slowdown.
• On the fixed income side, corporate bonds continued to reward investors willing to accept credit risk. Fed buying hasn't hurt.

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As an additional note, please keep in mind that these reflect historical performance of the current models, not necessarily how accounts were invested in the past