June 2017 Figure 1. Comparable Monthly Performance Source: Bloomberg Figure 2. Monthly Issuance Levels Source: Bloomberg Figure 3. Monthly Credit Floating Rating Note Issuance Levels Source: Bloomberg Figure 4. Monthly Buyback Levels Source: Bloomberg Figure 5. Historical Sector Weightings Source: Bloomberg Figure 6. Credit Quality Composition Source: Bloomberg Note: BBB includes BBB+, BBB and BBB-