By the Numbers for October 2022

Pension risk transfer activity
Annual volume by category (billions)
  
Most recent transactions (millions)
TypeSponsorDateAssets
Commercial Vehicle GroupNov. 3$25
Commercial Vehicle GroupNov. 3$4
Huntington Ingalls IndustriesNov. 3$32
Prestige Consumer HealthcareNov. 3$31
Prestige Consumer HealthcareNov. 3$14
Agfa-GevaertNov. 2$232
Ally FinancialNov. 2$103
Ally FinancialNov. 2$44
West PharmaceuticalOct. 27$200
West PharmaceuticalOct. 27N/A
CobhamOct. 27$593
Lee EnterprisesSept. 26$86
YellSept. 21$422
For details on all recent pension risk transfers, click here.
Funding ratio of S&P 500 pension plans
Trailing 12-month returns by asset class
20212022
NovemberDecemberJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctober
S&P 50027.9%S&P 50028.7%S&P 50023.3%S&P 50016.4%S&P 50015.6%Real Estate0.7%Cash0.1%Cash0.2%Cash0.2%Cash0.4%Cash0.6%Cash0.80%
Russell 200022.0%Real Estate23.0%Real Estate18.1%Real Estate10.6%Real Estate12.2%S&P 5000.2%S&P 500-0.3%BB U.S.  Agg-10.3%S&P 500-4.6%High Yield-10.6%High Yield-14.1%High Yield-11.8%
Real Estate19.7%Russell 200014.8%MSCI ACWI ex-U.S.3.6%High Yield0.6%Cash0.1%Cash0.1%Real Estate-5.2%S&P 500-10.6%High Yield-8.0%S&P 500-11.2%BB U.S. Agg-14.6%S&P 500-14.6%
MSCI ACWI ex-U.S.9.1%MSCI ACWI ex-U.S.7.8%High Yield2.1%Cash0.0%High Yield-0.7%High Yield-5.2%High Yield-5.3%High Yield-12.8%BB U.S.  Agg-9.1%BB U.S.  Agg-11.5%S&P 500-15.5%BB U.S.  Agg-15.7%
High Yield5.3%High Yield5.3%Cash0.0%MSCI ACWI ex-U.S.-0.4%MSCI ACWI ex-U.S.-1.5%BB U.S. Agg-8.5%BB U.S.  Agg-8.2%Real Estate-13.5%Real Estate-9.8%Real Estate-16.6%Real Estate-22.4%Russell 2000-18.5%
MSCI EM2.7%Cash0.0%Russell 2000-1.2%BB U.S. Agg-2.6%BB U.S. Agg-4.2%MSCI ACWI ex-U.S.-8.5%MSCI ACWI ex-U.S.-12.4%Global ex-U.S. fixed income-18.8%Russell 2000-14.3%Russell 2000-17.9%Russell 2000-23.5%Global ex-U.S. fixed income-24.6%
Cash0.1%BB U.S. Agg-1.5%BB U.S. Agg-3.0%Russell 2000-6.0%Russell 2000-5.8%Global ex-U.S. fixed income-15.5%Global ex-U.S. fixed income-16.7%MSCI ACWI ex-U.S.-19.4%MSCI ACWI ex-U.S.-15.3%MSCI ACWI ex-U.S.-19.5%Global ex-U.S. fixed income-24.8%MSCI ACWI ex-U.S.-24.7%
BB U.S. Agg-1.2%MSCI EM-2.5%MSCI EM-7.2%Global ex-U.S. fixed income-7.1%Global ex-U.S. fixed income-7.9%Russell 2000-16.9%Russell 2000-16.9%Russell 2000-25.2%Global ex-U.S. fixed income-18.5%MSCI EM-21.8%MSCI ACWI ex-U.S.-25.2%Real Estate-24.7%
Global ex-U.S. fixed income-5.0%Global ex-U.S. fixed income-7.0%Global ex-U.S. fixed income-7.9%MSCI EM-10.7%MSCI EM-11.4%MSCI EM-18.3%MSCI EM-19.8%MSCI EM-25.3%MSCI EM-20.1%Global ex-U.S. fixed income-22.0%MSCI EM-28.1%MSCI EM-31.0%
U.S. job market remains strong
U.S. job market remains strong
Sources:P&I Research Center; NISA Investment Advisors; Bloomberg LP; U.S. Bureau of Labor Statistics