{"id":169,"date":"2021-04-06T15:47:21","date_gmt":"2021-04-06T15:47:21","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/2021\/04\/06\/taking-stock-nepc-q1-2021-pension-monitor\/"},"modified":"2021-04-06T15:47:21","modified_gmt":"2021-04-06T15:47:21","slug":"taking-stock-nepc-q1-2021-pension-monitor","status":"publish","type":"post","link":"https:\/\/www.nepc.com\/private-wealth\/taking-stock-nepc-q1-2021-pension-monitor\/","title":{"rendered":"Taking Stock: NEPC Q1 2021 Pension Monitor"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text]U.S. corporate pension plans generally experienced significant gains in funded status in the first quarter, driven by a sharp rise in Treasury rates and positive equity returns. Treasury yields steepened dramatically between the two- and 10-year points of the curve, while credit spreads stayed tight, leading to a decline in estimated liability values over the quarter. For this period, the funded status of a total-return plan increased 5.3% for March and 12.7% for the quarter, outperforming the LDI-focused plan which rose 2.2% last month and 4.3% for the quarter.<\/p>\n<p>The funded status of the total-return plan skyrocketed as liabilities fell with rising rates and gains in risk assets during the quarter.<\/p>\n<p>The LDI-focused plan saw an increase in funded status from declining liabilities and gains in risk assets. The plan is 87% hedged, as of March 31.[\/vc_column_text][vc_button button_color=&#8221;color-873282&#8243; border_width=&#8221;0&#8243; el_class=&#8221;post-download-btn&#8221; link=&#8221;url:%2Finstitutional%2Fwp-content%2Fuploads%2Fsites%2F4%2F2021%2F04%2F2021-Q1-Pension-Monitor.pdf|target:_blank&#8221;]Download NEPC&#8217;s Pension Funded Status Moniter[\/vc_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]U.S. corporate pension plans generally experienced significant gains in funded status in the first quarter, driven by a sharp rise [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[12],"tags":[16,24],"class_list":["post-169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-corporate-defined-benefit","tag-taking-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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