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Fixed Income Analysis Tool

The Fidelity Fixed Income Analysis Tool can help you manage cash flow and understand the composition of your bond, CD, and bond fund portfolio including Fidelity brokerage account holdings, outside holdings, and hypothetical positions.

Key features

Fixed income positions

View holdings by portfolio, account, or list. Sort positions by maturity.

See positions that are maturing or may be called in the next 30 days (these positions will appear in bold).

Group positions into any number of lists (e.g., tax-exempt, corporate).

Create lists using Fidelity holdings, outside holdings, and hypothetical positions.

Add positions held outside of Fidelity by importing an Excel spreadsheet or hypothetical positions discovered in a bond search.

Import a potential bond ladder to assess the impact on your fixed income portfolio.

Create and print a PDF report of your Existing Portfolio view (Fidelity and outside positions).

Summary calculations

For bonds and CDs, scan summary calculations for total market value, total par value, average price, average maturity-years, average estimated yield, annual interest income, and average coupon rate.

Cash flow calculations

Cash distribution for bonds and CDs

View the historical and hypothetical future income of your interest payment and principal return in your Fidelity, outside, or hypothetical portfolio. View cash flow distribution as either a graph or table and sort by monthly or annual distribution. You can also see historical and hypothetical cash distribution based on credit ratings, issuer events, or taxability.

Fixed Income Illustrator for bonds, CDs and bond mutual funds

Use the Fixed Income Illustrator to view the hypothetical income for the current calendar year. View the historical and hypothetical future income principal and interest payments for bonds and CDs. For bond funds held at Fidelity, view the historical distributions for the prior months. For Fidelity held, outside, and hypothetical bond funds, it also displays a Hypothetical Portfolio Income for the current month to the end of the year. Results are calculated using one of three methods you input into the tool: 30-day yield, Indicated Annual Dividend (IAD), or a custom yield. The tool displays a total for each product type and a combined total of the portfolio assets.

Bond Fund Income Illustrator

Use the Bond Fund Income Illustrator chart to illustrate historical distributions and hypothetical future income for your bond fund portfolio—whether held by Fidelity, outside or hypothetical. For bond funds held at Fidelity, the tool will display actual fund distributions from previous months. However, income calculations for the current month and until the end of the year are hypothetical calculations and based on the yield type you selected. You have the option of applying a 30-day yield, IAD, or a custom yield. Your selected method will be used for all bond funds in your portfolio—whether held at Fidelity, outside or hypothetical.

Analytics

The analytics tab includes charts to help you identify different types of risk or diversification opportunities within your portfolio.

Bonds and CDs

  • Credit rating: see the current Moody's or S&P credit rating distribution for your portfolio.
  • Taxability: identify the percentage of your positions that are federally taxable or tax-exempt.
  • Sector exposure: view your corporate bond holdings by sector.
  • Type: see your positions categorized by fixed income security type.
  • Alternative Minimum Tax (AMT): learn which municipal bond positions are expected to generate interest subject to federal AMT.
  • Use of proceeds: view your municipal bond positions according to whether they are general obligation or revenue bonds, as well as what type of projects are funded by your revenue bonds.
  • Duration: get an estimate of how much a bond's price may fluctuate with changes in interest rates.
  • Overall MorningstarTM Rating: view bond fund positions aggregated by Overall MorningstarTM Rating.
  • Underlying ratings: view your municipal bond holdings according to the ratings of the underlying issuers.
  • State exposure: view your municipal bond positions according to the states in which they were issued.
  • Issuer concentration: identify opportunities for diversification when you view your positions categorized by issuer.

Bond Funds

  • Credit quality: view the distribution of credit rating assigned to the underlying holdings of each bond fund.
  • Taxability: identify the percentage of your positions that are federally taxable or tax-exempt.
  • Duration: view the duration distribution (measured in years) of the underlying holdings of each bond fund owned.
  • Overall MorningstarTM Rating: view bond fund positions aggregated by Overall MorningstarTM Rating.
  • U.S. vs. foreign exposure: review the percentage of bond fund assets invested in U.S.-based or international issuers.
  • Country diversification: view your bond fund assets according to the countries in which they were issued.
  • Portfolio diversification: see your assets by sector and industry.
  • Use of proceeds: view asset allocation and types of municipal bonds held within the portfolio.
  • Revenue source diversification (Fidelity funds only): view the revenue sources across the municipal bond portfolio.
  • Alternative Minimum Tax (AMT): understand which bond fund positions may generate interest subject to federal AMT.
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certificate of deposit (CD)

a debt instrument issued by commercial banks or thrifts to raise funds for business activities or to retire other debt; Fidelity offers a type of certificate of deposit called a brokered CD

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interest income

the dollar amount of all interest earned on government and corporate debt obligations and short-term certificates of deposit, as well as interest earned from cash in a brokerage account

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Moody's

an independent organization that assigns credit ratings to debt instruments and securities to help investors assess credit risk

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maturity, maturity date(s)

the date on which the principal amount of a fixed income security is scheduled to become due and payable, typically along with any final coupon payment. It is also a list of the maturity dates on which individual bonds issued as part of a new issue municipal bond offering will mature

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par

the stated value of an investment at maturity; includes bonds, life insurance policies, bank notes, currency, some stocks, and other securities; typically $1,000 for a corporate bond

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Standard & Poor's (S&P) Corporation

an independent company that provides investors with market intelligence in the form of credit ratings, indices, investment research and risk evaluations and solutions

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yield to worst

the lowest potential yield that can be received on a bond without the issuer actually defaulting; calculated by calculating the returns that would be received if provisions, including prepayment, call or sinking fund, are used by the issuer

Questions?

Learn more

The Fixed Income Analysis tool is designed for educational purposes only and you should not rely on it as the primary basis for your investment, financial or tax planning decisions.
Learn more about the Fixed Income Analysis Tool's limitations and exclusions.
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.
©2013 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for mutual fund performance, you should check the fund's current prospectus for the most up-to-date information concerning applicable loads, fees and expenses.

Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Diversification/asset allocation does not ensure a profit or guarantee against loss.

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