Quarterly
Report Terms
| 1.
Statement of Management Fees 2. Annual Performance Summary 3. Portfolio Appraisal 4. Realized Gains and Losses 5. Income and Expenses |
Section 5- Income and Expenses
Pay-Date
Date the dividend or interest payment was made.
Foreign Tax
Tax owed when a foreign security is in the portfolio.
Net Income/Loss
Net income is the money market dividends, plus stock dividends, plus interest
from fixed income securities, minus account expenses and management fees. Net
income is taxed at your marginal tax bracket rate as ordinary income or loss.
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