{"id":240,"date":"2021-01-06T12:07:07","date_gmt":"2021-01-06T12:07:07","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/2021\/01\/06\/taking-stock-nepc-q4-2020-pension-monitor\/"},"modified":"2021-01-06T12:07:07","modified_gmt":"2021-01-06T12:07:07","slug":"taking-stock-nepc-q4-2020-pension-monitor","status":"publish","type":"post","link":"https:\/\/www.nepc.com\/private-wealth\/taking-stock-nepc-q4-2020-pension-monitor\/","title":{"rendered":"Taking Stock: NEPC Q4 2020 Pension Monitor"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text]NEPC\u2019s monthly pension funded status monitor tracks the funded status of two hypothetical plans to gauge the impact of movements in markets, interest rates, and credit spreads on pension plans.<\/p>\n<p><!--more-->U.S. corporate pension plans experienced significant gains in funded status in the fourth quarter, driven by a robust equity market in November and December. Treasury yields steepened and credit spreads continued to contract to pre-COVID levels, leading to an increase in estimated liability valuations over the quarter. For this period, the funded status of a total-return plan increased by 5.9%, outperforming the LDI-focused plan which rose by 5.4%.<\/p>\n<p>The funded status of the total-return plan improved as risk assets gained in the quarter.<\/p>\n<p>The LDI-focused plan saw a positive return in funded status from gains in risk assets. The plan is 81% hedged as of December 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%2FFourth-Quarter-2020-Pension-Monitor.pdf|target:_blank&#8221;]Download NEPC&#8217;s Pension Funded Status Monitor[\/vc_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]NEPC\u2019s monthly pension funded status monitor tracks the funded status of two hypothetical plans to gauge the impact of movements [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[12],"tags":[16,24],"class_list":["post-240","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 v27.4 - 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