BOND LADDER REPORT. Sample for illustration purposes only

Transcription

1 BOND LADDER REPORT Account: Brokerage******179 Ladder Name: Sample National Muni Report Generated: 08/17/ 03:09 PM Sample for illustration purposes only

2 2 Criteria Summary Calculations 1 N AME AN D STRATEGY Principal Cost $232, Account Brokerage******179 Accrued Interest $1, Ladder Name Sample National Muni Ladder Strategy Initial Investment Amount Amount $250, Have Fidelity suggest a bond for each rung. Yes Principal Gain/Loss -$29, Total Par Value $203, Average TEY % Average Coupon Rate 4.69% T IME H ORIZON Average Maturity (Years) 5.42 Ladder Term 10 Year Ladder First Principal Payment 08/ Number of Rungs 10 Rungs Exclude callable bonds. Yes Average Yield 1.67% Average Price $ Annual Interest $9, B ON D T YPE AND RAT ING Tax Status Rating (Moody's/S&P) Tax-Exempt Bonds AA3/AA- Federal Tax Rate 39.6% State of Residence Income Source Include only bonds from my state of residence. Include only insured bonds. Include bonds subject to Alternative Minimum Tax. Include bonds trading above par value. TX Both GO Revenue No No No Yes

3 3 Search Results 10 of 10 rungs filled: as of 08/17/ Attributes Legend ME: Material Events SFP: Sinking Fund Protection CP: Call Protection ER: Extraordinary Redemption AMT: Subject to Alt. Min. Tax QTY Rating Coupon Rate Maturity Date Ask Price Ask Yield Yield Range AMT Insured TEY Attributes Annual Interest Estimated Cost 2 RUNG 1: (556751GL3) MADISON CNTY ALA BRDED REF TAX ANTIC WTS 20 AA3/AA- 2 09/01/ No No ME,CP,SFP $ $20, RUNG 2: (46246KZY1) IOWA FIN AUTH REV REV BDS SER AAA/AAA 5 08/01/ No No ME,CP,SFP $1, $21, RUNG 3: (34157TAY2) FLORIDA ST BRD GOVERNORS UNIV FLA 23 AA2/AA- 4 07/01/ No No ME,CP,SFP $ $25, RUNG 4: (91754RRC3) UTAH ST BRD REGENTS REV HOSP REV BDS 20 AA2/AA 5 08/01/ No No ME,CP,SFP $1, $22, RUNG 5: (64966KU50) NEW YORK N Y GO BDS SER. FISCAL 2014B 20 AA2/AA 5 08/01/ No No ME,CP,SFP $1, $23, RUNG 6: (759911TH3) REGIONAL TRANSN AUTHILL BDS SER. 2002A 20 AA3/AA 6 07/01/ No Yes ME,CP,SFP $1, $24,526.00

4 4 Search Results (continued) QTY Rating Coupon Rate Maturity Date Ask Price Ask Yield Yield Range AMT Insured TEY Attributes Annual Interest Estimated Cost 2 RUNG 7: (759911TJ9) REGIONAL TRANSN AUTHILL BDS SER. 2002A 20 AA3/AA 6 07/01/ No Yes ME,CP,SFP $1, $24, RUNG 8: (64971WPZ7) NEW YORK N Y CITY TRANSITIONAL FIN 20 AA1/AAA 4 11/01/ No No ME,CP,SFP $ $22, RUNG 9: ( L3) WASHOE CNTY NEV SCH DIST GO LTD TAX REF 20 AA3/AA 5 06/01/ No No CP,SFP $1, $24, RUNG 10: (20772JJ60) CONNECTICUT ST GO BDS SER. E 20 AA3/AA 5 08/01/ No No CP,SFP $1, $24,166.00

5 5 Estimated Principal/Interest (Monthly) Estimated Interest Principal $2,100 $1,400 $700 $0 Aug Sep Oct Nov Dec Jan Feb Mar Apr May June Jul Estimated Principal/Interest (Annually) Estimated Interest Principal $45,000 $30,000 $15,000 $

6 6 Payment Schedule Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Interest $0 $0 $0 $0 $0 $0 $0 $0 $200 $0 $400 $500 Principal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Interest $1,660 $2,000 $200 $0 $400 $500 $1,660 $2,000 $200 $0 $400 $500 Principal $0 $0 $0 $0 $0 $0 $0 $0 $20,000 $0 $0 $ Interest $1,660 $2,000 $0 $0 $400 $500 $1,660 $2,000 $0 $0 $400 $ Principal $0 $0 $0 $0 $0 $0 $0 $20,000 $0 $0 $0 $ Interest $1,660 $1,500 $0 $0 $400 $500 $1,660 $1,500 $0 $0 $400 $ Principal $0 $0 $0 $0 $0 $0 $23,000 $0 $0 $0 $0 $ Interest $1,200 $1,500 $0 $0 $400 $500 $1,200 $1,500 $0 $0 $400 $ Principal $0 $0 $0 $0 $0 $0 $0 $20,000 $0 $0 $0 $ Interest $1,200 $1,000 $0 $0 $400 $500 $1,200 $1,000 $0 $0 $400 $ Principal $0 $0 $0 $0 $0 $0 $0 $20,000 $0 $0 $0 $ Interest $1,200 $500 $0 $0 $400 $500 $1,200 $500 $0 $0 $400 $ Principal $0 $0 $0 $0 $0 $0 $20,000 $0 $0 $0 $0 $ Interest $600 $500 $0 $0 $400 $500 $600 $500 $0 $0 $400 $ Principal $0 $0 $0 $0 $0 $0 $20,000 $0 $0 $0 $0 $ Interest $0 $500 $0 $0 $400 $500 $0 $500 $0 $0 $400 $500

7 7 Payment Schedule (continued) Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 Principal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $20,000 $ Interest $0 $500 $0 $0 $0 $500 $0 $500 $0 $0 $0 $ Principal $0 $0 $0 $0 $0 $20,000 $0 $0 $0 $0 $0 $ Interest $0 $500 $0 $0 $0 $0 $0 $500 $0 $0 $0 $ Principal $0 $0 $0 $0 $0 $0 $0 $20,000 $0 $0 $0 $0

8 8 Important Information The Bond Ladder tool is an educational tool and is not intended to serve as the primary basis for your investment or tax decisions. The results of the tool are based on your inputs and criteria and the tool's stated methodology. In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities). Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties.lower-quality fixed income securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss. ( -- ) is used to indicate Not Available. 1 Summary calculations and data shown are the result of mathematical calculations and are intended to be hypothetical illustrations intended for informational purposes only. All averages are weighted according to the face amount. Individual bonds are subject to price change and availability. Yield and market value will fluctuate so that your bond, if sold prior to maturity, may be worth more or less than original cost. The cash flows displayed above are only estimates. Your actual income and principal payments may be higher or lower than these estimates. Estimates of income and principal payments should not be relied upon for making investment, trading or tax decisions. 2 For an existing position, estimated cost represents the positions market value. Please note that the dollar values in the Estimated Cost column and in subsequent calculations displayed under Summary Calculations are inclusive of accrued interest and estimated concessions and fees. Individual bonds are subject to price change and availability. The investments listed in the ladder results have been identified based on information which you have made available to us, and represent possible investment alternatives available to you at the time this list was compiled. As with all your investments through Fidelity, you must evaluate and confirm that your investments are consistent with your investment objectives, level of risk tolerance and financial situation. Fidelity is not recommending or endorsing any of these securities by making them available to its customers