Fixed Income Dashboard – Learn More

You can view multiple types of fixed income securities in the dashboard, including municipal bonds, corporate bonds, US Treasury bonds, agency/government-sponsored enterprise (GSE) bonds, brokered certificates of deposit (CDs), and bond mutual funds. This list of product types is not exhaustive. Other securities can be entered into the dashboard, but the dashboard may not be able to perform a complete analysis on them. IMPORTANT: If you have unsettled trades pending in any of the accounts identified on this page as of the date this report was generated, the account balances, holdings data and analytical information presented in this report may be materially impacted and, depending on the size and scope of such unsettled trades, rendered unreliable.

The Fixed Income Dashboard (FID) is split into multiple pages.

• Summary page – An overview of your Fidelity accounts and fixed income positions. Summary calculations and totals are for individual bonds, CDs and bond mutual funds held in eligible Fidelity accounts.
• Bonds & CDs page – This page includes three tabs: Positions, Cash Flow, and Analytics. Each page contains information about the individual bonds and CDs in the account or hypothetical list in context. The default view only includes positions within eligible Fidelity accounts. You can update this view by selecting or removing additional accounts and hypothetical lists from the drop downs in the Customize your view section of each tab.
• Bond Mutual Funds page – This page includes three sections: Positions, Cash Flow, and Analytics. Each section contains information about the bond mutual funds in the account or list in context. The default view only includes bond fund positions within eligible Fidelity accounts. You can update this view by selecting or removing additional accounts and hypothetical lists from the drop downs in the Customize your view section of each tab.

The following products are specifically excluded from the Portfolio averages and Cash Flow Calculations sections of the dashboard:

• All mortgage and asset-backed securities
• All non-fixed-rate securities
• All securities that are in default
• All foreign-denominated bonds
• Unpriced securities
• Some index-linked notes

The following fixed income securities are specifically excluded from the Bonds & CDs portfolio averages section of the dashboard:

• Bond mutual funds
• Unpriced securities
• Step-up bonds are excluded from the next 12 months interest

The following are excluded from the Bond Mutual Funds section of the dashboard:

• Non-fixed income mutual funds
• Blended mutual funds
• Money market mutual funds
• Allocation funds
• Exchange Traded Funds (ETFs)

These lists of product types are not exhaustive. There may be other securities that are excluded from the Portfolio averages and Cash Flow Calculations sections of the dashboard.

For step-up bonds, the current coupon per the securities' step schedule is used to calculate the Average Coupon Rate in the Summary Calculations section of the dashboard. In addition, step-up bonds are excluded from the Annual Interest field.

Please also note that the Fixed Income Dashboard utilizes a third-party price to calculate an estimated yield to worst for individual bond and CD positions entered into the dashboard and this price may be different than the price at which the bond or CD may be purchased (ask price) or sold (bid price). This price also does not reflect the price or yield at the time of purchase. The Bond Ladder Tool utilizes actual offering prices (known as "ask prices") to compute yield and therefore the yields shown by the Fixed Income Dashboard will be different from those shown in the Bond Ladder Tool. If no third-party price exists, additional calculations will not occur.

Additionally, Fidelity does not calculate estimated yield for the following holdings:

• All mortgage and asset-backed securities
• All non-fixed-rate securities
• All securities that are in default
• All foreign-denominated bonds
• All bond mutual funds
• Step-up bonds
• Any security that cannot be priced or for which no price is available
• Some structured products

Because of this, the value in the Estimated Yield field defaults to 0.00. However, please note that the Estimated Yield may be something other than 0.00.

The maximum number of accounts the Dashboard can handle is 250, which includes accounts registered in your name or on which you have trading authority. The maximum number of total positions across accounts and lists is 5,000.

Yes. You can export the information in the positions table by selecting the export icon located at the top right of the positions table. The export only includes information in the positions table. Information located in the Positions drawer, the Cash flow tab, the Analytics tab, the Summary tab, and all bond mutual funds information are excluded from the export.

The portfolio calculations section analyzes totals and averages of the actual and hypothetical bond and brokered CD positions in your portfolio. The results can be displayed at the portfolio, account or list level, and calculations use the most recent price and value. Portfolio calculation averages are market value weighted.

In the Bonds & CDs tab, the results for the portfolio calculations described below will be reflective of whether it is an account or list in context. In the Summary tab, the portfolio calculations only include positions held in your Fidelity accounts and will not adjust if you customize your view in the Bonds & CDs or Funds tabs. Calculations use the prior night's third-party price and value. For TIPS, the Total Market Value and Total Par Value are adjusted by the prior day's inflation factor.

In some instances, positions will not have a third-party price. When this occurs, calculations on those positions will not be performed. You should not rely on these calculations as the primary basis for your investment, financial, or tax planning decisions.

In cases where duration is unavailable, affected securities are excluded from the calculation.

The Bond Mutual Funds portfolio calculations section analyzes totals and averages of the actual and hypothetical bond mutual funds positions in your portfolio. The results can be displayed at the account or list level, and calculations use the prior night's NAV and value. Portfolio calculation averages are market value weighted.

The portfolio calculations will utilize the data as reported by the fund or fund company. In some instances, positions may not have required data. When this occurs, calculations on those positions will not be performed. You should not rely on these calculations as the primary basis for your investment, financial, or tax planning decisions.

You can group Fidelity and hypothetical lists according to your investment strategy or any other approach. To create a new list of individual bonds or CDs, use the Create a hypothetical list link located on the Bonds & CDs Positions, Cash Flow or Analytics tabs. You must name your list, enter a valid CUSIP, and provide a valid quantity. Bonds and CDs should be entered in par value. For example, 5 bonds should be entered as 5,000. When you have finished entering the CUSIPs and quantities, click the "Save list" button to save the list. You will then find the new list alongside all your other hypothetical lists in the Hypothetical lists dropdown.

To create a hypothetical list of bond fund positions, use the Create a hypothetical list link located on the Bond Mutual Funds tab. You must name your list, enter a valid Symbol, and provide a valid quantity. When you have finished entering the Symbols and quantities, click the "Save list" button to save the list. You will then find the new list alongside all your other hypothetical lists in the Hypothetical lists dropdown.

You can add hypothetical positions in two ways:

1. Select the Add hypothetical bonds & CDs, or Add hypothetical funds, button to add positions to an existing list. You will need to enter the CUSIP or the bond fund’s ticker and a quantity. Positions must be added to a hypothetical list.
2. Select the Manage hypothetical lists button in the Hypothetical lists drop down and then select the edit icon for the list you want to update. You will need to add the CUSIP or the bond fund’s ticker and quantity and click "Save list".

Once you have added a position, you see the impact of the new hypothetical position on the Cash Flow page, Analytics page, and Portfolio averages.

It may be possible to add acquired, closed or inactive bond mutual funds as a hypothetical holding. As a result, the dashboard may contain outdated information about the fund. Please refer to the "As of Date" on the positions tab or the Fund Composition Page on Fidelity.com to verify the status of hypothetical holdings. Positions held in your Fidelity accounts will be automatically updated to reflect these changes.

The Fixed Income Dashboard Summary page provides a snapshot of the fixed income holdings, including individual bonds & CDs and bond mutual funds, in your eligible Fidelity accounts. Hypothetical list positions are excluded from all calculations and position details on the Summary tab.

This includes the total market value of the individual bonds, CDs and bond mutual funds included in your Fidelity accounts. The market value of individual bonds and CDs is calculated using the prior night’s third-party price. The market value of bond mutual funds is calculated using the prior business day’s closing NAV.

On the Summary page, the portfolio calculations only include positions held in your Fidelity accounts and will not adjust based on any change to the Customize your view section on other pages. Calculations use the prior night's third-party price and value. For TIPS, the Total Market Value and Total Par Value are adjusted by the prior day's inflation factor. The total market value bar in this section will only include individual bonds & CDs included within eligible Fidelity accounts.

The Positions, Cash flow, and Analytics cards provide a snapshot of the information included within each of those tabs of the Fixed Income Dashboard. The information included within each card may not be indicative of your entire portfolio and may not include all position details. For the full list of positions, cash flow or analytics, click on the "See More" button included within each card. The summary cards only include positions held in your eligible Fidelity accounts.

On the Summary tab, the Bond Mutual Funds total market value bar will only include bond mutual fund positions included within eligible Fidelity accounts.

The Mutual Fund positions card provides a snapshot of the bond mutual fund positions included within the Bond Mutual Funds tab of the Fixed Income Dashboard. The information included within the card may not be indicative of your entire portfolio and may not include all position details. For the full list of positions, cash flow or analytics, click on the "See More" button included within each card. The Bond Mutual Funds positions card only includes positions held in your eligible Fidelity accounts.

The Positions tab shows details about the individual bond and CD positions in the account and hypothetical list you have selected. You can customize the accounts and lists using the drop downs. Most columns can be sorted to your preference. The positions are sorted by maturity date by default. You can click on each position description hyperlink to view additional details on the Bond Details page of the selected CUSIP. Additional call details can be viewed by clicking the "View" or call date link in the Call date column.

The Location column identifies whether a position is held in a Fidelity account or as part of a hypothetical list.

The Accrued Interest column represents the amount of interest earned on a position since the last coupon date or dated date. Zero coupon bonds, including Treasury Bills, will display "$0.00" as the accrued interest amount. The calculation assumes the most recent business day as the settlement date.

The "LDR" indicator represents any individual bond or CD position that was originally purchased as part of a bond ladder or model CD ladder.

Positions marked with an asterisk ("*") represent positions that are excluded from certain summary calculations, cash flow calculations, or analytics. For additional details on excluded positions, see "What types of securities are excluded from the Fixed Income Dashboard?"

Positions marked with an "AR" indicator represent positions that are enrolled in the Fidelity Auto Roll Service. To learn more about the Auto Roll Service, click here.

The Bonds and CDs cash flow tab has multiple views showing potential future cash flows of the positions in the accounts and hypothetical lists you have selected. The section can be viewed using the default Cash Distribution graph or the Taxability graph. You can also view your data in monthly or annual increments. The cash flow calculations graphs display hypothetical future interest income and principal payments and are intended for educational purposes only. Your actual distributions, interest payments and principal payments may differ significantly from the amounts displayed and should not be relied upon for making investment, financial, or tax planning decisions. The graphs will not determine the likelihood that a call or early redemption will be exercised. The Cash Distribution section is intended to provide a general view of potential cash distributions and does not consider your tax situation or other complex situations in its calculations.

Certain securities, including TIPS, are excluded from the Cash Distribution section. For convertible securities, the graph models contractual coupon and principal payments only. The potential conversion to equity may result in a different cash flow than displayed. You should not rely on these estimates as the primary basis for your investment, financial, or tax planning decisions. For additional information about which specific securities in your holdings list are handled in the cash flow calculations, please see "What types of securities are excluded from the Fixed Income Dashboard?"

This graph shows the annual or monthly bond & CD cash flow based on cash distributions until a bond's maturity or pre-refunded redemption date. When a full call has been announced, the dashboard will reflect the updated redemption day and price, once known. The Cash Distribution graph is intended to provide a general view of hypothetical cash distributions and does not consider exercised calls, your tax situation, or other complex situations in its calculations. The Cash Distribution graph displays hypothetical future income of the bond and brokered CD positions of all the accounts in context. TIPS are excluded from the Cash Distribution section. The graph will not determine the likelihood of a call being exercised. You should not rely on these estimates as the primary basis for your investment, financial, or tax planning decisions.

The Taxability graph is intended to provide the annual or monthly cash flow distribution based on a bond's tax status (taxable or tax-exempt). The Taxability graph displays hypothetical future income of the bond and brokered CD positions of all the accounts in context. TIPS are excluded from the Taxability graph. The graph will not determine the likelihood of a call being exercised. You should not rely on these estimates as the primary basis for your investment, financial, or tax planning decisions. Certain bond types, in particular bonds that do not have fixed rate coupons, such as mortgage-backed securities, are excluded from the Cash Flow Analysis section of the Fixed Income Dashboard. Learn more on Excluded Securities.

The Payment schedule section of the cash flow tab provides the hypothetical next twelve months' interest and principal of the bonds and brokered CDs of all the accounts selected. The schedule does not include any historical interest or principal payments. Payments starting from the current day through the next twelve months are included in the calculation and are noted above the schedule. Principal payments are based on a bond or CD's maturity date, exercised call, or pre-refunding date. The schedule will not determine the likelihood of a call being exercised. Upcoming schedule assumes all upcoming payments will be made and does not take into account potential default or other adverse conditions impacting issuer's payment. You should not rely on these estimates as the primary basis for your investment, financial, or tax planning decisions.

The Potential early redemptions table shows the next ten calendar years annual principal cash flow based on a bond or CD’s next potential redemption date. This may include a scheduled call (either full or partial), maturity, sinking fund, or other refunding type. If a bond is noncallable, the table with show the bond at its anticipated maturity date. Click the arrow to the left of any year to see a detailed listing of positions with potential early redemptions during that year. The table will value principal at the redemption price, if known. If the redemption price is not known at the current time, the redemption price will default to par. This table does not predict the likelihood of a call being exercised. Each position or year’s portfolio percentage is based on the total value of all the bond and CD positions in the accounts or hypothetical lists selected.

The Upcoming scheduled payments table lists the current and upcoming calendar years' coupon and principal payments of the bond and brokered CDs of all the Fidelity and hypothetical accounts selected. The table can be sorted to show only coupon payments or only principal payments. The table does not include any historical payments. Upcoming schedule assumes all upcoming payments will be made and does not take into account potential default or other adverse conditions impacting issuer's payment. You should not rely on these estimates as the primary basis for your investment, financial, or tax planning decisions.

This chart identifies the percentage of your positions that are federally taxable or tax-exempt. Corporate bonds, agency/government-sponsored enterprise (GSE) bonds, US Treasury bonds, and brokered CDs are categorized as taxable because their interest is not exempt from federal income tax. Most municipal bonds are categorized as federally tax-exempt because their interest is generally exempt from federal income tax, though this interest may be subject to federal and/or state alternative minimum taxes. Federally taxable municipal bonds such as Build America Bonds also exist. Check Bond Details to determine the tax status of a municipal bond. Note that this information is general in nature and should not be construed as tax advice.

This chart shows a market-weighted percentage of the type of individual fixed income security positions using the following categories: corporate, municipal, agency/government-sponsored enterprise (GSE), US Treasury, US Treasury Inflation-protected securities (TIPS), Mortgage-Backed securities (MBS) and CD. Asset-backed securities (ABS) are captured in the Other category.

This chart identifies the percentage of the positions in the selected accounts or hypothetical lists that are either callable or call protected. The chart does not determine if a call has been exercised or the likelihood a call will be exercised.

This chart shows bond and CD positions aggregated by duration ranges. Duration may be used to estimate how much a bond's price will fluctuate with changes in comparable interest rates. Securities with longer durations generally tend to be more sensitive to interest rate changes than securities with shorter durations. Other factors, however, also can influence a bond's price. As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities. TIPS are excluded from the duration analysis. In cases where duration is unavailable, affected securities will be categorized as "Unknown".

This chart shows the distribution of the credit ratings for fixed income positions. Positions that are not rated will appear as NR. The chart can show either the Moody's or S&P ratings. For insured municipal bond positions, please note that the chart reflects the higher of the issuer or insurer's ratings and you should consider both the issuer and insurer's financial health when assessing credit risk. The credit rating chart on the Overview tab includes all bond types. The credit rating chart on the Municipal Bonds only tab includes the ratings of both taxable and tax-exempt municipal bonds in your selected accounts and/or hypothetical lists. The values are market-weighted based on each positions current value. Check Bond Details to see a complete listing of a CUSIPs ratings.

Use this chart to determine the concentration of a single issuer or group of issuers for diversification purposes. The Overview tab chart includes all the bond and CD positions in the selected accounts and hypothetical lists. The values are market-weighted based on each positions current value. The Corporate Bonds Only and Municipal Bonds Only tabs issuer concentration charts include only corporate or municipal (taxable and tax-exempt) bond positions. In these tabs, the values are market-weighted as a percentage of your entire portfolio, not just the respective bond type.

This chart shows the total par value of all brokered certificates of deposit (CDs) held in the selected accounts and hypothetical lists. CDs are grouped by their FDIC insurance number. For details on FDIC insurance limits, see www.fdic.gov.

This chart will show the percentage of municipal bond positions that are expected to generate interest income subject to federal AMT. This information is general in nature and should not be construed as tax advice. The values are market-weighted based on each positions current value.

This chart will show the percentage of municipal bond positions that are categorized as general obligation (GO) or revenue. The values are market-weighted based on each positions current value.

This chart will show a market value weighted percentage of the revenue source of each municipal bond in each selected account and hypothetical list. This chart includes both taxable and tax-exempt municipal bond positions. The values are market-weighted based on each positions current value.

Use this chart to see a breakdown of your municipal bond positions according to the issuer's state of origin. The values are market-weighted based on each positions current value.

This table displays municipal bonds that have been pre-refunded, listed in order of their upcoming pre-refunding date.

Corporate bonds are classified by sectors representing the industries in which the companies issuing the bonds operate, such as the transportation, education, and retail sectors. This chart will show a market value weighted percentage of corporate bond holdings that belong to various sectors.

This chart shows the market value weighted percentage of corporate bonds in the selected account or hypothetical list that are categorized as high yield or convertible. High Yield bonds are those with a Moody’s or S&P rating of Ba1/BB+ and below. Unrated bonds would be included in this calculation. Convertible bonds are issues of bonds with an option allowing the bondholder to exchange the bond for a specified number of shares or common stock in the firm. This is disclosed at the time the bond is issued. Check Bond Details for additional information.

The Positions table on the Funds tab shows details about the bond fund positions in the account and hypothetical list you have selected. You can customize the accounts and lists using the drop downs. Non-fixed income funds are excluded from the list. Past performance is no guarantee of future results. Click on the fund name for additional information about each fund, including quarter end returns, month-end yields (unsubsidized/subsidized), investment objective, risk, fees, and expense ratio information.

The Bond Fund Cash Flow chart shows the hypothetical future income of bond mutual funds held within your portfolio. Hypothetical future income is calculated using the 30-day yield of each fund in the accounts and/or hypothetical lists you have selected. The bond fund's current 30-day yield will be applied for the current month and future months through the next calendar year. The cash flows displayed are hypothetical and are for educational purposes only. Your actual distributions may differ significantly from the amounts displayed and should not be relied upon for making investment, financial, or tax planning decisions. Future income calculations are hypothetical illustrations based on mathematical concepts and there are circumstances in which cash flow calculations will not be performed for specific securities in your holdings list.

Each position is assigned a weighting based on its respective market value relative to the sum of the market values of all the positions. For example, if a customer has three bond mutual funds totaling $10,000, a single bond fund position with a market value of $5,000 receives a 50% weighting.

Some bond mutual funds may hold a short position which may appear as a negative value. If the concentration is large enough, the short positions within the funds will be displayed using a red bar and labeled with the negative value.

The Other analytics bar chart category is displayed as the tenth category when more than ten unique categories exist or when position data is not available or is unknown. The exceptions to this are the Duration chart and the Portfolio Diversification chart for Bond Mutual Funds. These charts have an Unknown category instead of Other because that is the primary type of uncategorized data.

This chart displays the percentage of bond fund assets allocated to taxable or tax-exempt bond fund categories. Note that this information is general in nature and should not be construed as tax advice.

The Duration chart shows bond fund positions aggregated by duration ranges. When duration data is not available for specific positions, those positions will be included in the bar labeled "Unknown." Duration may be used to estimate how much a bond fund's price will fluctuate with changes in comparable interest rates. Securities with longer durations generally tend to be more sensitive to interest rate changes than securities with shorter durations. Other factors, however, can also influence a bond fund's share price. As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.

This chart shows the underlying credit ratings for bond fund positions. Fund managers are asked to consider ratings provided by all rating organizations for underlying bond holdings of the fund and map those ratings which are represented by the Standard & Poor's letter rating classifications. All short-term ratings are reflected in a short-term category on the chart. Click on the fund name for additional information about each fund, including quarter end returns, month-end yields (unsubsidized/subsidized), investment objective, risk, fees, and expense ratio information. Positions for which data is not available or unknown will appear as "Unknown". Positions that are not rated will appear as "NR". Credit Quality analytics may differ between funds and fund companies. The dashboard will display the ratings categories as reported by the fund or fund company. Some non-investment grade funds may aggregate investment grade debt into one rating category. This may affect the percentage of holdings by ratings category for portfolios holding a mix of investment grade and non-investment grade funds. In addition, U.S Government holdings may be shown in multiple categories. The dashboard will categorize them as either "U.S. Government" or "AAA" depending on how the fund or fund company reports it. This can affect the percentage of holdings by ratings category for portfolios holding funds with U.S. Government securities.

This chart represents the percentage of bond fund assets invested in securities from issuers domiciled in the US or abroad.

This chart shows the percentage of bond fund assets invested in securities from issuers domiciled in each country.

This chart shows the percentage of bond fund assets invested in securities from issuers in each industry and sector category. Diversification of an investment's assets by fixed-income sector, arranged by weighting from largest to smallest positions for the date shown. Typically, Portfolio Diversification data is reflective of the fixed income holdings within a portfolio, but may be broader, depending on the product type and/or investment manager. The portfolio diversification may not be representative of the fund's current or future investments and may change at any time.

This chart shows the percentage of bond fund assets invested in securities from issuers in each industry and sector category. Diversification of an investment's assets by fixed-income sector, arranged by weighting from largest to smallest positions for the date shown. Typically, Portfolio Diversification data is reflective of the fixed income holdings within a portfolio, but may be broader, depending on the product type and/or investment manager. The portfolio diversification may not be representative of the fund's current or future investments and may change at any time.

This chart illustrates which of your bond mutual funds positions are subject to AMT and which are not. Data is only available for Fidelity bond mutual funds. All non-Fidelity bond mutual funds will be grouped into a non-Fidelity funds category to show the percentage of bond mutual funds in your portfolio for which the AMT information is not available. Note that this information is general in nature and should not be construed as tax advice.

This chart displays revenue sources defined by specific types of projects associated with the underlying bonds' revenue streams across the municipal bond fund portfolio. This chart only includes Fidelity fund positions.