Moderate Balanced Tax-Advantaged Strategy

Suitable for: Tax-sensitive investors whose primary goal is to receive income, but who are less experienced with stock investing, as well as:
  • Investors nearing retirement, or in their early retirement years
  • Investors who are comfortable with some stock market volatility
  • Investors who have significant financial goals, both short- and long-term
  • Investors who seek greater sensitivity in their portfolios by investing in municipal bond funds
Portfolio Goal: Seeks to achieve total investment return from income and capital appreciation.

Portfolio Components
Asset Class Ranges*
  • Large-Cap Stocks 15% to 35%
  • Mid-Cap Stocks 2% to 12%
  • Small-Cap Stocks 2% to 10%
  • International Stocks** 2% to 12%
  • Bonds† 50% to 70%
Sample Asset Mix††
60% Bonds
40% Stocks
 Large-Cap Stocks
 Mid-Cap Stocks
 Small-Cap Stocks
 International Stocks**
 Bonds†
 
*Reflects a sample asset mix of portfolio investments pursuant to each investment approach. Actual asset allocations, as well as component investments within each investment approach, change from time to time.

+Bond funds can include short-, intermediate-term and tax-free funds. Investments within each investment approach change from time to time.

**Foreign investing involves special risks due to factors such as increased volatility, currency fluctuation, and differences in auditing and other financial standards. Small-cap stocks are less liquid and more volatile than large-cap stocks.

++Representative mix for illustrative purposes.