aaa aa a baa mv% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30%...

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35.2 36.4 35.7 35.8 36.2 36.6 10.8 10.3 10.0 9.5 9.6 8.1 19.9 21.5 22.3 23.3 24.2 25.4 34.1 31.8 32.0 31.4 31.0 30.0 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Treasury Government-Related Corporate Securitized 75.1 73.1 72.4 71.8 71.5 70.8 5.1 5.1 4.9 4.6 4.4 4.4 10.7 11.0 11.1 11.8 11.4 11.3 9.1 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa

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Page 1: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS

35.2 36.4 35.7 35.8 36.2 36.6

10.8 10.3 10.0 9.5 9.6 8.1

19.9 21.5 22.3 23.3 24.2 25.4

34.1 31.8 32.0 31.4 31.0 30.0

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2012 2013 2014 2015 1H16

MV%

Treasury Government-Related Corporate Securitized

75.1 73.1 72.4 71.8 71.5 70.8

5.1 5.1 4.9 4.6 4.4 4.4

10.7 11.0 11.1 11.8 11.4 11.3

9.1 10.8 11.6 11.9 12.7 13.5

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2012 2013 2014 2015 1H16

MV%

Aaa Aa A Baa

Page 2: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS
Page 3: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS
Page 4: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS
Page 5: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS
Page 6: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS
Page 7: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS

Page 8: Aaa Aa A Baa MV% 100% 9.1 10.8 11.6 11.9 12.7 13.5 90 ... 10.8 11.6 11.9 12.7 13.5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 1H16 MV% Aaa Aa A Baa BARCLAYS