Due to growth assets and interest rates, funded status rose 1.5% this month from 85.4% to 86.9%.
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.
Due to hedge portfolios and growth assets, funded status fell .4% this month from 88.5% to 88.1%.
Due to a decrease in rates, funded status fell 2.7% this month from 88.1% to 85.4%.
Alternatives for uncorelated income