Footnotes

  1. The Cello firm statistics including assets under management, people in portfolio management, research, and analytics are estimates as of October 1, 2024.

  2. Agency Mortgage Backed Securities are guaranteed by the U.S. Government (through Ginnie Mae) or U.S. government-sponsored enterprises (Fannie Mae and Freddie Mac). The guarantee is for the timely payment of principal and interest on the securities. The guarantee is therefore for credit performance, and does not cover other risks, including market or prepayment risk on the securities.

  3. Total FINRA Trace Agency average daily volume dollar amount of $303B for the period of January through September 2024 based on the Securities Industry and Financial Markets Association (SIFMA) estimates as of September 30, 2024.

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