The front page of the new statement includes the mailing address for your Argent office, as well as the name and contact information for your

Transcription

1 The front page of the new statement includes the mailing address for your Argent office, as well as the name and contact information for your relationship manager, administrative officer, and investment officer.

2 RELATED ACCOUNTS: For consolidated statements, this section shows the underlying accounts that are included in the statement, as well as their market values and relative weights. PORTFOLIO SUMMARY: This section shows the account s broad asset allocation weights

3 ACCOUNT ACTIVITY SUMMARY: This section summarizes the activity for the period and yearto-date. Account activity is broken into broad categories: Deposits Income Distributions Fees Taxes Paid Assets Received & Delivered Realized Gain / Loss Change in Market Value The sum of these categories represents the change in market value since the beginning of the period. Different statement formats may organize account activity into slightly different categories than shown in this example.

4 PORTFOLIO HOLDINGS: Lists the individual assets held in the portfolio, organized by broad asset class (Equities, Fixed Income, etc.) Some statement formats will further organize holdings by equity and fixed income sector. Information shown includes: Cusip Ticker Number of shares held Market value Tax cost Estimated annual income Accrued income Current yield

5 TRANSACTION DETAIL: This section shows each transaction in the account during the period, organized by transaction categories. Some statement formats will show separate Principal and Income cash columns, while others will show a single Cash column. The transaction details provided within the statements may vary depending on the statement format.

6 NET CASH MANAGEMENT By default, all cash is invested in one or more money market vehicles. As cash is received or disbursed, money market funds in the account are bought or sold accordingly. The cash sweep activity is represented as a period summation by fund. DISCLOSURE This section provides important information about your statement. Please read it carefully and contact your relationship manager or administrative officer if you have any questions or need further information.

7 Statement Features Cover Page: In addition to showing your account number and name, the cover page lists your Argent account officers and provides their contact information. Related Accounts: For consolidated statements, this section lists the individual accounts being consolidated on the statement. Portfolio Summary: Shows the broad asset allocation for your account. Account Activity Summary: A summary of activity in your account for the current period and year-to-date. Portfolio Holdings: A listing of cash and investments in your account, grouped by broad asset classes. Some statement formats will further group portfolio holdings by sector or sub-category. Market Value is based on the most recent price available from third-party sources. For certain securities, prices may not be current as of the statement date. Transaction Detail: A list of the transactions occurring in your account during the statement period. Activity is grouped and totaled into transaction categories. Glossary Accrued Income: The approximate amount of dividends or interest due but not yet received on securities held in your account. These amounts, while as accurate as possible, are sometimes based on estimates and the actual income received may be more or less than the amount shown as accrued income. Asset Class: Cash and securities in your account are grouped into various classes to reflect the diversification within your portfolio. These asset classes include Cash, Equities, Fixed Income, Alternatives, and Miscellaneous Assets. Cost or Tax Cost: The cost is usually the value of the security when it was acquired. The original cost may be revised for certain types of activity, such as amortization, dividend reinvestment, or other activities. Cusip Number: a unique identifier for each security in your portfolio. All securities have cusips, while not all securities have tickers. Current Yield: The estimated annual income divided by the current market value. Date: The date each transaction posted to your account. Also known as Settlement Date. Equities: Also known as stocks. Equity securities represent ownership interest in a company. Estimated Annual Income: The approximate amount of income a security may generate, based on historical or projected distributions or the current interest rate for fixed income securities. Fixed Income: Also known as bonds. Fixed income securities represent loans to a company or other entity. Fixed Income securities are governed by a contractual agreement specifying repayment terms such as interest rate, duration of loan, and other provisions. Market Value: The current market value of securities, based on third-party independent pricing sources. Realized Gain / Loss: On sales and maturities, the difference between the sale price and the cost basis associated with the asset. Realized gains and losses may have tax consequences to you. Ticker Symbol: The abbreviation or code identifying many publicly-trades securities and funds. Note that not all securities have ticker symbols (see Cusip number, above.) Unrealized Gain / Loss: The difference between the market value and the tax cost of a security; broadly, the change in market value since the asset was acquired. When an asset is sold, its unrealized gain or loss becomes a realized gain or loss.