While the portfolio underperformed its benchmark in Q2, stock indices and the portfolio rose in the second quarter and capped off a solid first half of the year.
The portfolio underperformed the Russell 2000 Index during the quarter. However, the Fund remains modestly ahead of the index YTD, and continues to demonstrate a strong, longer-term track record.
Curve Inversion Persists as Rates Rise in Q2
Treasury Yields Rise and Curve Inversion Deepens as Fed Skips June Hike but Maintains Hawkish Stance
