MyIncome ETF Bond Ladder Calculator

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. All results are historical and assume the reinvestment of dividends and capital gains.

Weight Mode: This is when the Ladder Distribution is set to customize based on percentage (%). When using “Equal Allocation Distribution” in weight mode, the tool will equally allocate the percentage across the selected ETFs.  If the weight after rounding with 2 decimals does not equal to 100.00%, the tool will round up or round down on one ETF randomly to ensure the portfolio weight is 100.00%. In weight mode, the Investment Amount will round to the closest integer which may result in a fractional weight in the total. Under weight mode, the portfolio weight is always 100.00%. If the weight input by user not equal to 100.00%, there will be alert message and tool will not calculate portfolio characteristics.

Amount Mode: This is when the Ladder Distribution is set to customize based on dollar ($). When using “Equal Allocation Distribution” the tool will allocate the “Total Investment Amount” across the total number of selected ETFs. If the weight after rounding with 2 decimals does not equal to 100.00%, the tool will round up or round down on one ETF randomly to ensure the portfolio weight is 100.00%. In amount mode, if using a customized input amount, the weight will adjust based off the Total investment amount, rounded to 2 decimals. In this case (Customized input amount), the sum of investment amount is always equal to total investment amount; while the sum of portfolio weight might not equal to 100.00% due to rounding, which may result in a fraction weight in the total.

In both Weight Mode and Amount Mode, the Number of Shares is based off the Investment Amount in USD and the entered Price, which is default to Closing Price. The shares will round down into integer, if needed. If the ETF's Investment Amount in USD is less than the entered Price, the Number of Shares will be 0.

The Weight (%) on the Estimated Net Acquisition Yield tab is defined under Ladder Distribution.

The tool will reweight allocation to exclude ‘NA’ value, if applicable, during portfolio aggregation.

The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.  You should consult your tax and financial advisor.

The Estimated Net Acquisition Yield (ENA Yield) is based on the previous close price or a projected market purchase price input from the user. This estimate also reflects the deduction of the expense ratio.

Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome. The ENA Yield metric does not include the impact of cash reinvestment rates (e.g., during the final year prior to maturity), potential losses arising from credit downgrades or defaults, or changes to the portfolio composition over time. The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, assuming that the bonds do not default, the underlying bonds will mature and the proceeds will be held in cash equivalents until the liquidation of the fund. The investor's total realized yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on cash equivalents is lower than the current Average Yield to Maturity for the portfolio's bonds, the realized yield to fund maturity is also expected to be lower and vice versa.

For Portfolios composed of municipal bonds and at least one other bond type, e.g. municipal and treasury, "Tax Equivalent SEC Yield" and "Tax Equivalent Est. Net Acquisition Yield" are calculated as the weighted average of tax equivalent yields for tax-exempt bonds and taxable yields for taxable bonds. Taxable yields are not adjusted in these weighted averages to help demonstrate the value in municipal bonds relative to taxable bonds at a given tax rate on the Portfolio-level.