Domestic equities lost 6% in the early days of February through Monday's close. For Pensions & Investments top 200 defined benefit plans, that tallied to an estimated $92 billion loss in valuation. Public funds lost about $70 billion in domestic equity value, while corporate plans lost about $22 billion. The difference between the two is that corporate DB plans have higher allocations to bonds because a lot of the plans have moved to derisking strategies. Year-to-date, the Bloomberg Barclays U.S. Aggregate Bond index was down 1.5%, 0.4% of that decline in February.