1. finance
2. accounting and auditing
3. tax preparation and planning

December 06, 2011
Envision Full Sample Presentation with
Scenarios & Survivor Needs
Prepared for:
Jim and Susan Taylor
Prepared by:
Financial Advisor
Wells Fargo Advisors
1 N. Jefferson Ave.
St. Louis, MO 63103
Note: This is a sample report and does not
contain actual client data and/or securities
information.
This report is not complete unless all pages, as noted, are included. Please read the information in 'Disclosures' found within this report for an explanation of the terms and concepts presented in this
report. Envision is not a financial plan. It does not include advanced wealth planning strategies such as estate and tax planning. It also does not include detailed cash flow, real estate and business
analyses. Envision is an investment planning tool designed to monitor changes in markets and life goals based on regular involvement and updates by you and your Financial Advisor. You should not
base major life decisions, such as retirement and spending goals, solely on Envision investment plan results. The Envision Process and delivery of this report do not create an advisory relationship
between the firm and you.
This is a preliminary report. It may not accurately reflect your current situation and life goals. It is intended as a discussion document. Your Financial Advisor can work with you to create or modify an
Investment Plan to specifically suit your needs.
Investment and Insurance Products:
NOT FDIC Insured NO Bank Guarantee MAY Lose Value
This Report is prepared by your Financial Advisor using software provided by Wells Fargo Advisors.
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 1 of 164
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Jim & Susan
Table Of Contents
12/06/2011
Cover Page
1
The Envision Process
5
Net Worth Statement
6
Net Worth By Type Graph
8
Net Worth By Person Graph
9
Insurance Summary
10
Liabilities Summary
11
Envision Action Plan Review - Client Notes
12
Profile Summary Data
16
Your Goals
19
Your Priorities
21
The Investment Plan Result
23
Investment Plan Result for Your Goals
24
Recommended Investment Plan
26
Achieving Your Goals
28
Sensitivity Analysis
29
Current vs. Strategic Allocation Plan Results
30
Monitoring Your Recommended Investment Plan
31
Target Zone-Long Term
34
Sources of Funding
35
Goal Funding Summary - Recommended Investment Plan
37
Scenario Comparison
38
Survivor Needs Results
40
Long-Term Care Comparison
44
Introduction to Estate Planning
46
Understanding the Federal Estate Tax
49
Strategic Allocation Investment Objectives
51
The Strategic Allocations
52
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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12/06/2011
Jim & Susan
Current vs Strategic Allocation - Asset Class
55
Current vs Strategic Allocation - Asset Class Type
57
Current vs Strategic Allocation - Asset Class Sub Type
59
Current vs Strategic Allocation - Asset Class Detail
61
Current vs Strategic Allocation - Asset Class Detail with Securities
63
Current vs Strategic Efficient Frontier
66
Account Summary
67
Range of Simulation Possible Outcomes
70
Growth Detail Graph
71
Growth Detail Percentile Rankings
72
Total Investment Plan Target Values - Recommended Investment Plan
76
Target Investment Plan Tax Treatment - Recommended Investment Plan
78
Target Taxable Investment Plan Value - Recommended Investment Plan
80
Target Tax Advantaged Investment Plan Values - Recommended Investment Plan
82
Summary of Cash Flows - Recommended Investment Plan
84
Cash Flow Detail - Contributions - Recommended Investment Plan
87
Cash Flow Detail - Income from Other Sources - Recommended Investment Plan
89
Cash Flow Detail - Withdrawals - Recommended Investment Plan
91
Investment Plan Assumptions
94
Disclosures
95
Portfolio Summary
102
Portfolio Summary - Security Detail
103
Portfolio Diversification
105
Realized Gain and Loss
106
Realized Gain and Loss - Security Detail
107
Unrealized Gain and Loss
108
Unrealized Gain and Loss - Security Detail
109
Initial Investment (Gain/Loss) - Position
112
Initial Investment (Gain/Loss) - Lot
114
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 3 of 164
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12/06/2011
Jim & Susan
Equity Overview
116
Equity Sector Weightings
117
Equity Sector Weightings - Security Detail
118
Stock Statistics
122
Stock Statistics - Security Detail
124
Stock Ratings
126
Stock Returns
128
Stock Returns - Security Detail
129
Funds Performance
130
Understanding Your Portfolio
134
Implementation Plan - Summary - Asset Class Sub Type
137
Implementation Plan - Account Detail - Asset Class Sub Type
140
Market Commentary
142
Standardized Returns
144
Fact Sheet Disclosures
146
Fact Sheets
148
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 4 of 164
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Jim & Susan
The value of the conversation
The Envision® process
IMPORTANT: The projections or other information Envision generates regarding the likelihood of various investment outcomes are hypothetical in nature, do not
reflect actual investment results, and are not guarantees of future results. Results may vary with each use and over time.
Envision methodology, selection criteria and key assumptions: Envision's simulation model incorporates assumptions on inflation, financial market returns, and
relationships between these variables based on an analysis of historical data. Using Monte Carlo simulations, Envision simulates thousands of potential outcomes
over a lifetime of investing. The varying historical risk, return and correlation between the assets is based on indexes over several market cycles. Elements of this
report's presentations and simulation results are under license from Financeware Inc. & Wealthcare Capital Management IP, LLC. U.S. Patents 7,562,040, 7,650,303,
7,765,138 and 7,991,675. Other international patents approved and pending. All Rights Reserved.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 5 of 164
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Jim & Susan
Net Worth Statement
Investment Assets
Internal/
External
Accounts included in the Envision Plan
Joint Account
88888888
External
Account Description
Taxation
Taxable
Jim
Susan
Joint &
Dependent
Total
$0.00
$0.00
$251,700.62
$251,700.62
Sara's 529
External
Tax Advantaged
Education
$71,286.72
$0.00
$0.00
$71,286.72
88888888
External
Tax Advantaged
Education
$132,428.83
$0.00
$0.00
$132,428.83
Jim's Profit Share Plan
88888888
External
Deferred
$1,497,952.27
$0.00
$0.00
$1,497,952.27
Susan's IRA
88888888
External
Deferred
$0.00
$255,544.49
$0.00
$255,544.49
$1,701,667.82
$255,544.49
$251,700.62
$2,208,912.93
Jim
Susan
Joint &
Dependent
Total
$0.00
$0.00
$0.00
$0.00
Jim
Susan
Joint &
Dependent
Total
$0.00
$0.00
$500,000.00
$500,000.00
$0.00
$0.00
$100,000.00
$100,000.00
$0.00
$0.00
$600,000.00
$600,000.00
Jim
Susan
$350,000.00
$0.00
88888888
John's 529
Sub Total
Investment Assets
Internal/
External
Accounts not included in the Envision Plan
Sub Total
Account Description
Taxation
Personal Assets
Description
123 Home St.*
Sports Collectibles*
Type
Home/Real
Estate
Collectibles
Sub Total
Business Assets
Description
Type
Taylor Dental*
LLC
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Joint &
Dependent
$0.00
Total
$350,000.00
Page 6 of 164
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Jim & Susan
Business Assets
Description
Type
Sub Total
Jim
Susan
$350,000.00
$0.00
Jim
Susan
$15,000.00
Joint &
Dependent
$0.00
Total
$350,000.00
Insurance Cash Value
Company
John Hancock*
Owner
Jim Taylor
Sub Total
Total Assets
$0.00
Joint &
Dependent
$0.00
$15,000.00
$15,000.00
$0.00
$0.00
$15,000.00
$2,066,667.82
$255,544.49
$851,700.62
$3,173,912.93
Jim
Susan
$0.00
Total
Liabilities
Description
123 Main St. Mortgage*
Type
Mortgage
Total Liabilities
Net Worth
$0.00
Joint &
Dependent
$-200,000.00
$-200,000.00
$0.00
$0.00
$-200,000.00
$ -200,000.00
$2,066,667.82
$255,544.49
$651,700.62
$2,973,912.93
Total
*This information is included for purposes of this Statement and is not included in the analysis of this Envision plan.
This Net Worth statement represents a portfolio of securities and assets and liabilities owned by you based on our records of transactions processed through us or supplemental information supplied by you. This report may not include all accounts in
your household. The above statement does not in any way supersede your statements, policies or trade confirmations, which we consider the only official and accurate records of your accounts or policies. We rely on you to review the accuracy and
completeness of this analysis. This statement may differ from the Firm's profile information on your accounts.
The death benefit and cash value will be affected by any outstanding loans or withdrawals at the time of surrender.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 7 of 164
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Net Worth By Type Graph
Net Worth Breakdown by Type
$3,600,000
$3,200,000
$2,800,000
$2,400,000
$2,000,000
$1,600,000
$1,200,000
$800,000
$400,000
$0
($400,000)
Assets
Liabilities
As s e t s
( $ 3 ,1 7 3 ,9 1 2 )
Lia b ilit ie s
( - $ 2 0 0 ,0 0 0 )
Ne t W o r t h
( $ 2 ,9 7 3 ,9 1 2 )
Mortgage
Net Worth
Personal Assets
Net Worth
Business Assets
Insurance Cash Value
Investment Assets
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 8 of 164
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Jim & Susan
Net Worth By Person Graph
Net Worth Breakdown by Person
$3,600,000
$3,200,000
$2,800,000
$2,400,000
$2,000,000
$1,600,000
$1,200,000
$800,000
$400,000
$0
($400,000)
Assets
Liabilities
As s e t s
( $ 3 ,1 7 3 ,9 1 2 )
Lia b ilit ie s
( - $ 2 0 0 ,0 0 0 )
Jim
Joint & Dependent
Net Worth
Ne t W o r t h
( $ 2 ,9 7 3 ,9 1 2 )
Total Net Worth
Susan
Joint & Dependent
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 9 of 164
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Jim & Susan
Insurance Summary
Life Insurance
Company
Policy
Number
Type
Owner
Insured
Beneficiary
John Hancock
1234567
Whole Life
Jim Taylor
Jim Taylor
Susan Taylor
$100,000
1234567
Group
Susan Taylor
Susan Taylor
Jim Taylor
Northwestern
Mutual
Total
Death
Annual
Benefit Premium
Cash
Value
Loan
Value
$500
$15,000
$0
$100,000
$240
$0
$0
$200,000
$740
$15,000
$0
Total Benefit
Pool
Annual
Increase
Elimination
Period(Days)
$145,080
3.00%
180
Annual
Increase
Elimination
Period(Days)
0.00%
180
Long Term Care Insurance
Company
Policy
Number
Insured
Genworth
8888-8
Jim Taylor
Total
Annual
Premium
Monthly Benefit Period
Benefit
(Years)
$2,000
$4,030
$2,000
$4,030
3
$145,080
Disability Insurance
Company
Policy
Number
Owner
Met Life
888-88-8
Jim Taylor
Total
Annual
Premium
Monthly Benefit Period
Benefit
(Years)
$3,204
$9,000
$3,204
$9,000
10
The death benefit and cash value will be affected by any outstanding loans or withdrawals at the time of surrender.
Total Benefit Pool = Monthly Benefit * Benefit Period * 12
The policy details listed above have been based on information you, the client, provided to your Financial Advisor. Wells Fargo Advisors does not guarantee its accuracy or completeness. Please consult the policy literature provided by your
Insurance carrier for more complete information and a detailed description of any terms and conditions mentioned in this report.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 10 of 164
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Jim & Susan
Liabilities Summary
General Liabilities
Description
Borrower
Interest
Rate
Type
Balance
Sub Total
Monthly
Payment
$0.00
Mortgages
Description
123 Main St. Mortgage
Borrower
Loan Type
Lender
Joint
30 Yr Fixed
Wells Fargo
Interest
Rate
Balance
Monthly
Payment
5.75%
$-200,000.00
$3,684.00
Sub Total
$-200,000.00
Total Liabilities
$-200,000.00
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Year
Closed
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Jim & Susan
Envision Action Plan Review - Client Notes
Current Year Savings
On Target
Client Notes
Updated Amount
_______________
Contribute $40,000 to Jim's tax deferred savings - Deferred
_______________
Contribute $15,000 to Susan's tax deferred savings - Deferred
_______________
Contribute $20,000 to Joint taxable savings - Taxable
___________________________________________________________________________________________
___________________________________________________________________________________________
Asset Allocation
On Target
As discussed, adjustments should be made to your current investment holdings to bring the allocation in line with
the Conservative Growth portfolio
12/06/2011
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Page 12 of 164
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Current
Conservative Growth
Large Cap (62.25%)
Large Cap (28.00%)
Mid Cap (9.49%)
Mid Cap (10.00%)
Small Cap (11.91%)
Small Cap (8.00%)
International Equity (6.20%)
International Equity (10.00%)
Emerging Market Equity (0.67%)
Emerging Market Equity (8.00%)
Intermediate Fixed Inc (0.00%)
Short Term Fixed Income (8.00%)
Long Term Fixed Income (0.04%)
Intermediate Fixed Inc (14.00%)
REIT (0.02%)
Long Term Fixed Income (4.00%)
Other (0.10%)
High Yield Fixed Income (2.00%)
Cash Alternative (9.33%)
REIT (2.00%)
Commodities (4.00%)
Cash Alternative (2.00%)
Average Return:
Downside Risk:
8.7%
-12.5%
Average Return:
Downside Risk:
8.3%
-8.1%
Conservative Growth:
Growth investors do not seek account income and their primary objective is capital appreciation. Conservative Growth investors seek maximum growth consistent with a relatively modest degree of risk. They are willing to accept
lower potential returns in exchange for lower risk. Equities may be a significant percentage of the account.
The Current allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value.
Client Notes
___________________________________________________________________________________________
___________________________________________________________________________________________
Survivor Needs
On Target
Client Notes
Updated Amount
_______________
Estimated Additional Insurance Needed on Susan: $60,000
_______________
Estimated Additional Insurance Needed on Jim: $1,310,000
___________________________________________________________________________________________
___________________________________________________________________________________________
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 13 of 164
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Client Action Items
RETIREMENT
• Review contributions to your employer's retirement savings plan in order to capture the full amount of your employer's
contribution.
GENERAL INVESTING
• A concentrated equity position can result in a portfolio with higher volatility and, as a general rule, one holding should
not comprise more than 20% of your portfolio. Consider repositioning a portion of this holding into other investments to
further diversify your portfolio.
LIABILITY MANAGEMENT
• Consider using existing cash to pay off some or all of your debts.
INSURANCE
• Review your existing insurance to make sure your term, death benefit, premium and other features of your policy(ies)
are suitable given your current and future financial goals.
Insurance products are offered through our affiliated nonbank insurance agencies.
ESTATE
• Consult with your estate attorney to discuss whether estate strategies should be utilized to reduce potential probate
fees.
We recommend you consult with your legal or tax advisor before making any Estate Planning decisions.
Additional Client Notes
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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"Current Year" is defined as the period of time from now until the owner of the cash flow's next birthday.
This Action Plan Review identifies the current year's savings, asset allocation, withdrawals, goals, and income needs included in your Envision report, and also identifies the preceding year's goals that have been retired.
Please review your actual report for a detailed analysis of additional, future assumptions you have made which may be critical to the success of your plan.
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return
information, please see the Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio
faces approximately a 5% chance each year of experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future
results.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where
underlying holdings are not available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 15 of 164
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Profile Summary Data
Personal Information
Name
Date of Birth
Jim Taylor
Susan Taylor
01/01/1959
01/01/1959
Annual Income
$250,000
$60,000
Life Goals
Description
Ideal Value
Retirement Age - Jim
Retirement Age - Susan
Retirement Spending Need (Annual Increase)
Estate Goal (Annual Increase)
55
55
$180,000 (2.50%)
$2,000,000 (2.50%)
Education Goals
Acceptable Value
62
62
$120,000 (2.50%)
$500,000 (2.50%)
++
Name
Date of Birth
John
Sara
01/01/1994
01/01/1997
Ages
Institution
18 - 21
18 - 21
Brown University
University of Virginia
Ideal Value
Acceptable Value
Annual Increase
$42,074
$30,249
$42,074
$30,249
2.50%
2.50%
Other Goals
Description
Executive RV
Travel
Annual Amount
Ideal/Accept.
$400,000 /
$250,000
$20,000 /
$10,000
Start Age
Ideal/Accept.
End Age
Ideal/Accept.
Annual Increase
Ideal/Accept.
Jim
Ret. / Ret.
Ret. / Ret.
2.50% / 2.50%
Jim
60 / 60
70 / 65
0.00% / 0.00%
Net or Gross
Owner
Net
Net
Income Sources
Description
Partnership Buyout
Jim's Whole Life Benefit
12/06/2011
Annual Amount
Ideal/Accept.
Net or
Gross
Owner
Tax Status
Start Age
Ideal/Accept.
End Age
Ideal/Accept.
Annual Increase
Ideal/Accept.
$75,000 / $75,000
$100,000 /
$100,000
Gross
Jim
Taxable
62 / 62
66 / 66
2.50% / 2.50%
Net
Jim
Taxable
Death / Death
Death / Death
0.00% / 0.00%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 16 of 164
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Social Security
Description
Social Security
Social Security
Annual Amount
Ideal/Accept.
Net or
Gross
Owner
Tax Status
$20,504 / $21,074
$14,295 / $15,607
Gross
Gross
Jim
Susan
Taxable
Taxable
Start Age
Ideal/Accept.
End Age
Ideal/Accept.
Annual Increase
Ideal/Accept.
62 / 62
62 / 62
Death / Death
Death / Death
2.50% / 2.50%
2.50% / 2.50%
Savings
Description
Deferred
Deferred
Taxable
Annual Amount
Ideal/Accept.
$40,000 /
$40,000
$15,000 /
$15,000
$20,000 /
$30,000
Start Age
Ideal/Accept.
End Age
Ideal/Accept.
Annual Increase
Ideal/Accept.
Deferred
52 / 52
Ret. / Ret.
0.00% / 0.00%
Susan
Deferred
52 / 52
Ret. / Ret.
0.00% / 0.00%
Joint
Taxable
52 / 52
Ret. / Ret.
0.00% / 0.00%
Interest Rate
Balance
Monthly Payment
5.75%
$200,000
$3,684
Owner
Tax Status
Jim
Liabilities
Description
Borrower
Type
123 Main St. Mortgage
Joint
Mortgage
Total Liabilities :
12/06/2011
$200,000
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 17 of 164
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Risk Profile*
Investment
Objective
Ideal
Acceptable
Conservative
Growth &
Income
Long Term
Growth &
Income
Equity
%
31.0%
64.0%
Downside
Risk
-3.4%
-8.8%
Average
Return (as
of 05/2010)
Description
6.7%
Growth and Income investors seek current income, but also seek income and capital
growth over time. These investors are willing to forgo a portion of current income in order
to seek potential future growth. Conservative Growth and Income investors seek the
maximum growth and income consistent with a relatively modest degree of risk. They
are willing to accept lower potential returns in exchange for lower risk. Equities, generally
dividend paying equities, may be some percentage of the account.
8.5%
Growth and Income investors seek current income, but also seek income and capital
growth over time. These investors are willing to forgo a portion of current income in
order to seek potential future growth. Long Term Growth and Income investors seek
a significant level of growth and income, are financially able and willing to risk losing
a substantial portion of investment capital, and due to their long term horizon or other
factors they pursue high risk, more aggressive strategies that may offer higher potential
returns. High yield bonds and equities, generally dividend paying equities, may be the
primary assets in the account.
++
All numbers provided for Education Goal calculations are hypothetical in nature and are based on assumptions entered into the calculation. You should check the figures to ensure they are reasonable and you should consult with the institution on
the accuracy of the information before making any investment decisions based on this information.
*
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the
Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of
experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
Allocations used within this plan may not have a greater downside risk than the risk range associated with the Acceptable Risk Profile.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 18 of 164
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Your Goals
Retirement Age
Jim
Susan
Annual Retirement Spending
Other Goals
Executive RV
Travel
Annual Education Goals
John
Sara
Annual Savings
Deferred
Deferred
Taxable
Income Sources (Annual)
Partnership Buyout
Jim's Whole Life Benefit
Annual Social Security
Jim
Susan
Susan
Estate Goal
Strategic Allocation
Percent in Equities
Downside Risk
Ideal
Acceptable
55
55
62
62
$180,000
$120,000
$400,000 (Age Ret. - Ret.)
$20,000 (Age 60 - 70)
$250,000 (Age Ret. - Ret.)
$10,000 (Age 60 - 65)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$20,000 (Age 52-Ret.)
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$30,000 (Age 52-Ret.)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
$20,504 (Age 62-Death)
$14,295 (Age 62-Death)
$6,209 (Age 93-End)
$21,074 (Age 62-Death)
$15,607 (Age 62-Death)
$5,467 (Age 93-End)
$2,000,000
$500,000
Conservative Growth &
Income (Age Now-End)
31.0%
-3.4%
Long Term Growth & Income (Age Now-End)
64.0%
-8.8%
The Strategic Allocation has been derived from what you indicated was your Ideal or Acceptable tolerance for Downside Risk as displayed on the Profile Summary Data report. The Disclosures include more detailed information.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 19 of 164
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12/06/2011
Jim & Susan
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 20 of 164
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Jim & Susan
Your Priorities
The Envision Priority Cards help you clarify your financial goals and prioritize your objectives. Using the cards as guidelines, the Envision Process also offers you the flexibility to adjust your priorities,
when necessary, based on fluctuating market conditions or life-changing events.
Higher Priority
Lower Priority
1
2
3
4
5
6
Risk Tolerance
Retirement
Income
Retirement Age
Philanthropy
Business
Transaction
& Succession
Estate & Legacy
Education Goal
Increasing
Medical Costs
Travel
Executive RV
Taxes and
Inflation
Today Vs
Tomorrow
12/06/2011
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7
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Jim & Susan
Your Priorities
The Envision Priority Matrix can help you clarify your financial goals and prioritize your objectives. Using the Matrix as a guide, the Envision process also offers you the flexibility to adjust your priorities,
when necessary, based on fluctuating market conditions or life-changing events.
Retire Later
Goal
To achieve our early retirement age(s), we would be
willing to:
N/A
To achieve our higher spending target in retirement,
we would prefer to:
X
Reduce Retirement
Spending
Reduce Size
of Estate
N/A
X
In order to achieve our larger estate goal, we would
be willing to:
Take More
Investment Risk
Save More
N/A
To reduce the investment risk in our portfolio, we
would be willing to:
X
We would like to reduce our current savings and to
achieve this we would prefer to:
X
X
X
X
N/A
N/A
To meet our education funding goals, we would be
willing to:
To meet our 'Executive RV ' other goal, we would be
willing to:
X
X
X
To meet our 'Travel ' other goal, we would be willing
to:
X
X
X
12/06/2011
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Jim & Susan
The Investment Plan Result
Below Target
Target Zone
Above Target
<50
75
What is the Investment Plan Result?
•
Central to the Envision process is the Investment Plan Result calculation.
With Envision, we simultaneously evaluate your goals, your strategic asset
allocation and your assets to determine the likelihood that your investment
plan would have achieved your goals. The Envision process subjects your
investment plan to a sophisticated stress testing process that simulates 1,000
market environments, both good and bad. Your Investment Plan Result is
the percentage of the 1,000 simulations in which your goals were met for
your Ideal, Acceptable, and Recommended Investment Plan. Remember,
the simulations do not represent actual investment performance and
are only intended to provide you with an opportunity to evaluate your
Recommended Investment Plan, including your asset allocation. The
Disclosures include more detailed information regarding the simulation
process.
12/06/2011
90
100
Below Target
An Investment Plan Result below 75 means that your investment plan
would not have achieved your goals in a large number of the historical
simulations. You may wish to consider adjustments to your goals, your
allocation and/or your investments.
•
Target Zone
An Investment Plan Result between 75 and 90 means that in many of the
historical simulations your investment plan would have achieved your
goals. You might be required to make changes to your Recommended
Investment Plan in order to stay within your Target Zone, but those
changes are likely to be minor.
•
Above Target
An Investment Plan Result above 90 means that in a significantly
large number of historical simulations your investment plan would have
achieved or exceeded your goals. You may wish to consider a less risky
allocation, or an adjustment to your goals.
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Jim & Susan
Investment Plan Result For Your Goals
Below Target
<50
Target Zone
Above Target
75
90
100
<=50
Investment Plan Result
Retirement Age
Jim
Susan
Annual Retirement Spending
Other Goals
Executive RV
Travel
Annual Education Goals
John
Sara
Annual Savings
Deferred
Deferred
Taxable
Income Sources (Annual)
Partnership Buyout
Jim's Whole Life Benefit
Annual Social Security
Jim
Susan
Susan
Estate Goal
12/06/2011
98
Ideal
Acceptable
0
98
55
55
62
62
$180,000
$120,000
$400,000 (Age Ret. - Ret.)
$20,000 (Age 60 - 70)
$250,000 (Age Ret. - Ret.)
$10,000 (Age 60 - 65)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$20,000 (Age 52-Ret.)
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$30,000 (Age 52-Ret.)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
$20,504 (Age 62-Death)
$14,295 (Age 62-Death)
$6,209 (Age 93-End)
$21,074 (Age 62-Death)
$15,607 (Age 62-Death)
$5,467 (Age 93-End)
$2,000,000
$500,000
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Below Target
<50
Jim & Susan
Target Zone
Above Target
75
90
<=50
Strategic Allocation
Percent in Equities
Downside Risk
Investment Plan Result
12/06/2011
100
98
Ideal
Acceptable
Conservative Growth & Income (Age Now-End)
31.0%
-3.4%
Long Term Growth & Income (Age Now-End)
64.0%
-8.8%
0
98
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
Recommended Investment Plan
Below Target
<50
Target Zone
Above Target
75
90
100
<=50
98
82
Investment Plan Result
Retirement Age
Jim
Susan
Annual Retirement Spending
Other Goals
Executive RV
Travel
Annual Education Goals
John
Sara
Annual Savings
Deferred
Deferred
Taxable
Income Sources (Annual)
Partnership Buyout
Jim's Whole Life Benefit
Annual Social Security
Jim
Susan
Susan
12/06/2011
Ideal
Recommended
Acceptable
0
82
98
55
55
60
60
62
62
$180,000
$140,000
$120,000
$400,000 (Age Ret. - Ret.)
$20,000 (Age 60 - 70)
$250,000 (Age Ret. - Ret.)
$15,000 (Age 60 - 70)
$250,000 (Age Ret. - Ret.)
$10,000 (Age 60 - 65)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$20,000 (Age 52-Ret.)
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$20,000 (Age 52-Ret.)
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$30,000 (Age 52-Ret.)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
$20,504 (Age 62-Death)
$14,295 (Age 62-Death)
$6,209 (Age 93-End)
$21,006 (Age 62-Death)
$15,318 (Age 62-Death)
$5,688 (Age 93-End)
$21,074 (Age 62-Death)
$15,607 (Age 62-Death)
$5,467 (Age 93-End)
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
Below Target
<50
Target Zone
Above Target
75
90
100
<=50
98
82
Estate Goal
Strategic Allocation
Percent in Equities
Downside Risk
Investment Plan Result
Ideal
$2,000,000
Recommended
$1,000,000
Acceptable
$500,000
Conservative Growth &
Income (Age Now-End)
31.0%
-3.4%
Conservative
Growth (Age Now-End)
66.0%
-8.1%
Long Term Growth &
Income (Age Now-End)
64.0%
-8.8%
0
82
98
Conservative Growth
Growth investors do not seek account income and their primary objective is capital appreciation. Conservative Growth investors seek maximum growth consistent with a relatively modest degree of risk. They are willing to accept lower potential
returns in exchange for lower risk. Equities may be a significant percentage of the account. Please refer to the Disclosures for more detailed information.
This information is not used to update your client account profile information. Please contact your Financial Advisor if any changes are needed to update your client profile.
Your Recommended Investment Plan Result was calculated assuming that you will modify your strategic asset allocations, if applicable, throughout the life of the plan. The recommended strategic asset allocation reflected on this page illustrates the
strategic allocation you plan to implement now. Future allocations are illustrated on the Age Based Asset Allocation page.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
Achieving Your Goals
Annual Retirement Spending
Other Goals
Executive RV
Travel
Annual Education Goals
John - Brown University
Sara - University of Virginia
Annual Savings
Deferred
Deferred
Taxable
Income Sources (Annual)
Partnership Buyout
Jim's Whole Life Benefit
Social Security
Jim
Susan
Susan
Estate Goal
Strategic Allocation
Percent in Equities
Downside Risk
Investment Plan Result
60
60
$3,280,000
$3,130,000
$140,000
$250,000 (Age Ret. - Ret.)
$15,000 (Age 60 - 70)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$2,980,000
Investments
Retirement Age
Jim
Susan
$2,830,000
$2,680,000
$2,530,000
$2,380,000
$2,230,000
$2,080,000
$40,000 (Age 52-Ret.)
$15,000 (Age 52-Ret.)
$20,000 (Age 52-Ret.)
$1,930,000
$1,780,000
51
52
53
54
55
56
Age (Susan Taylor)
$75,000 (Age 62-66)
$100,000 (Age Death-Death)
Above Target (90th Percentile)
Below Target (75th Percentile)
$21,006 (Age 62-Death)
$15,318 (Age 62-Death)
$5,688 (Age 93-End)
$1,000,000
Conservative
Growth (Age Now-End)
66.0%
-8.1%
82
Investment As Of Date
The Target Zone may help you evaluate your Recommended Investment Plan.
It does not represent a projection of future portfolio values. The Target Zone
graph is shown in Actual dollars.
The Target Zone and Plan Result is reflective of the strategic recommended
asset allocation. If your current portfolio is not consistent with the
recommended allocation, then your probability of success may be significantly
different than the Plan Result displayed.
This information is not used to update your client account profile information. Please contact your Financial Advisor if any changes are needed to update your client profile.
12/06/2011
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Page 28 of 164
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Jim & Susan
Sensitivity Analysis
Results shown in Actual dollars
44%
$3,580,000
34%
$3,380,000
Investments
$3,180,000
31%
16%
$2,980,000
45%
$2,780,000
$2,580,000
69%
$2,380,000
25%
$2,180,000
21%
$1,980,000
15%
$1,780,000
53
54
55
56
57
58
Age (Susan Taylor)
Above Target (90th Percentile)
Below Target (75th Percentile)
Investment As Of Date
At 1 year
At 3 years
At 5 years
16 %
$2,705,888
15 %
$2,238,478
34 %
$3,131,923
21 %
$2,581,186
44 %
$3,532,588
25 %
$3,005,808
Probability of being out of the Target Zone
31 %
55 %
69 %
Probability of being in the Target Zone
69 %
45 %
31 %
Probability of being above the Target Zone
Investment Value greater than
Probability of being below the Target Zone
Investment Value less than
Envision allows you to track the value of your portfolio over time as it relates to the Target Zone. As markets change, and as your personal goals and objectives change, you may see your portfolio value move out of the Target Zone. This Sensitivity
Analysis shows the probability of being both below and above the Target Zone over a one, three and five year period.
If your portfolio value happens to move out of the Target Zone, this is an opportunity to discuss what changes may have occurred in the market, or what has changed in your life based on the recommendations in the plan. As part of the Envision
review process, you and your Financial Advisor may want to make adjustments to move you back into the Target Zone and give you reasonable confidence in achieving your goals.
12/06/2011
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Jim & Susan
Current vs Strategic Allocation - Plan Results
Current Allocation Plan Result: 80
Strategic Allocation Plan Result: 82
Current
Conservative Growth
Large Cap (62.25%)
Large Cap (28.00%)
Mid Cap (9.49%)
Mid Cap (10.00%)
Small Cap (11.91%)
Small Cap (8.00%)
International Equity (6.20%)
International Equity (10.00%)
Emerging Market Equity (0.67%)
Emerging Market Equity (8.00%)
Intermediate Fixed Inc (0.00%)
Short Term Fixed Income (8.00%)
Long Term Fixed Income (0.04%)
Intermediate Fixed Inc (14.00%)
REIT (0.02%)
Long Term Fixed Income (4.00%)
Other (0.10%)
High Yield Fixed Income (2.00%)
Cash Alternative (9.33%)
REIT (2.00%)
Commodities (4.00%)
Cash Alternative (2.00%)
Average Return:
Downside Risk:
8.7%
-12.5%
Average Return:
Downside Risk:
8.3%
-8.1%
Important Information: This page illustrates how your plan result may differ if you do not adopt the recommended strategic allocation. The current allocation plan
result assumes that your current allocation will remain unchanged over the duration of the plan. The strategic allocation plan result assumes that you implement the
recommended allocation and any future age-based allocations if they were included in the plan. There is no assurance that the recommended portfolio's objectives
will be obtained.
Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value
Strategic Allocation illustrates how much of an investor's portfolio should be allocated to the various asset classes based on the recommended investment plan.
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the
Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of
experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
Your current portfolio allocation may classify assets based on the underlying holdings of global and balanced funds, ETFs, and UITs. Where underlying holdings are not available for classification, the asset class assigned to that security is used.
Balanced funds generally invest in both stocks and bonds. Global funds generally invest in both international and domestic securities. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When
repositioning assets within your portfolio, it is important to note that underlying holdings of funds, ETFs and UIT shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs, and UITs.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where underlying holdings are not
available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
Totals may not equal calculated amounts due to rounding differences.
The Disclosures include definitions of the terms on this page and other detailed information.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 30 of 164
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Jim & Susan
Monitoring Your Recommended Investment Plan
The cash flows for this plan were last inflated on 6/22/2011*
Recommended
12/06/2011
12/01/2011
10/01/2011
07/01/2011
04/01/2011
01/01/2011
Jim's Retirement Age
60
60
60
60
60
60
Susan's Retirement Age
60
60
60
60
60
60
$140,000
$140,000
$140,000
$140,000
$145,000
$145,000
$1,000,000
$1,000,000
$1,000,000
$1,000,000
$1,000,000
$1,000,000
Conservative
Growth
Conservative
Growth
Conservative
Growth
Conservative
Growth
Conservative
Growth
Conservative
Growth
$75,000
$75,000
$75,000
$75,000
$75,000
$75,000
$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
$75,000
$75,000
$75,000
$75,000
$75,000
$75,000
Social Security - Jim
$21,006
$21,006
^
^
^
^
Social Security - Susan
$15,318
$15,318
^
^
^
^
$5,688
$5,688
^
^
^
^
$2,208,913
$2,183,833
$2,021,581
$2,301,954
$2,338,765
$2,506,907
$250,000
$250,000
$250,000
$250,000
$250,000
$250,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$42,074
$42,074
$42,074
$42,074
$41,048
$41,048
$30,249
$30,249
$30,249
$30,249
$29,511
$29,511
82
82
78
85
84
84
Annual Retirement Spending
Estate Goal
Strategic Allocation
+
Current Year Savings
Income Sources - Jim's Whole Life
Benefit - Jim
Income Sources - Partnership
Buyout - Jim
Social Security - Survivor Benefits Susan
Investment Value
Other Goal - Executive RV - Jim
Other Goal - Travel - Jim
Education Goals - Brown University John Taylor
Education Goals - University of
Virginia - Sara Taylor
Investment Plan Result
12/06/2011
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Jim & Susan
The cash flows for this plan were last inflated on 6/22/2011*
Recommended
10/01/2010
07/01/2010
04/01/2010
01/01/2010
10/01/2009
07/01/2009
Jim's Retirement Age
60
60
60
60
60
60
Susan's Retirement Age
60
60
60
60
60
60
$145,000
$148,625
$140,000
$140,000
$140,000
$140,000
$1,000,000
$1,025,000
$500,000
$500,000
$500,000
$500,000
Conservative Moderate Growth &
Growth
Income
Conservative
Growth
Conservative
Growth
Conservative
Growth
Annual Retirement Spending
Estate Goal
Conservative
Growth
Strategic Allocation
+
$75,000
$95,000
$95,000
$95,000
$85,000
$85,000
$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
$75,000
$76,875
$75,000
$75,000
$75,000
$75,000
Social Security - Jim
^
^
^
^
^
^
Social Security - Susan
^
^
^
^
^
^
Social Security - Survivor Benefits Susan
^
^
^
^
^
^
$2,387,394
$2,152,657
$2,403,063
$2,289,089
$2,000,000
$2,250,000
$250,000
$256,250
$250,000
$250,000
$250,000
$250,000
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
$41,048
$41,048
$40,047
$40,047
$40,047
$40,047
$29,511
$29,511
$28,791
$28,791
$28,791
$28,791
86
74
84
84
73
81
Current Year Savings
Income Sources - Jim's Whole Life
Benefit - Jim
Income Sources - Partnership
Buyout - Jim
Investment Value
Other Goal - Executive RV - Jim
Other Goal - Travel - Jim
Education Goals - Brown University John Taylor
Education Goals - University of
Virginia - Sara Taylor
Investment Plan Result
* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, income sources, etc. up to date with their specified inflation rates.
+ This total does not include savings cash flows that start in the future. If future savings cash flows exist, they are included in the Envision analysis.
^ Social security benefits, if included in the plan prior to November 2011, are unavailable for display.
12/06/2011
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Jim & Susan
The table above indicates your Recommended Investment Plan and how changes to your goals and Investment Value have affected the Investment Plan Result over time. Investment Value includes assets currently held in accounts with our firm as
well as assets held at other firms. Values of assets held at other firms are based on information provided by you, and may not reflect current market value.
The Recommended Investment Plan assumes you implement the Strategic or Custom Allocation and includes expectations about savings and spending patterns that you provided. Please be sure to inform us of any changes to your goals, savings
and spending patterns and changes in the market value of assets held at other firms.
Your Recommended Investment Plan Result was calculated based on all of the information contained within your recommended plan as of the date in the column header.
12/06/2011
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Jim & Susan
Target Zone-Long Term
Results shown in Actual dollars
$6,040,000
$5,570,000
$5,100,000
Investments
$4,630,000
$4,160,000
$3,690,000
$3,220,000
$2,750,000
$2,280,000
$1,810,000
$1,340,000
47
54
61
68
75
82
89
96
103
Age (Susan Taylor)
Above Target (90th Percentile)
Below Target (75th Percentile)
Investment As Of Date
The Target Zone and Plan Result is reflective of the strategic recommended asset allocation. If your current portfolio is not consistent with the recommended allocation,
then your probability of success may be significantly different than the Plan Result displayed.
Monitoring Your Progress...
Investment markets, your financial goals, and your priorities can change over time. The Envision process recognizes that throughout your life things will change. The
monitoring process enables us to track your Investment Value so that, upon your request, we can monitor and review your progress towards your goals. Please be
sure to inform us of updates to your situation, including changes to your goals and priorities, so that we can work with you to monitor and modify your Recommended
Investment Plan.
12/06/2011
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Jim & Susan
Sources of Funding
Age 60 (Jim)
Spending Needs at Age 60
Investment Portfolio Need*
(100.00%)
Age 63 (Jim)
Sources of Funding
Retirement Spending
Executive RV
Travel
$ 170,576
$ 304,601
$ 15,000
Total
$ 490,177
Spending Needs at Age 63
Social Security - Jim (11.15%)
Social Security - Susan (8.13%)
Partnership Buyout (39.81%)
Investment Portfolio Need* (40.91%)
None Specified
Total
$0
Investment Portfolio Need* = $ 490,177
Sources of Funding
Retirement Spending
Travel
$ 183,692
$ 15,000
Total
$ 198,692
Social Security - Jim
Social Security - Susan
Partnership Buyout
$ 22,154
$ 16,155
$ 79,099
Total
$ 117,408
Investment Portfolio Need* = $ 81,284
Age 65 (Jim)
Spending Needs at Age 65
Social Security - Jim (11.19%)
Social Security - Susan (8.16%)
Partnership Buyout (39.96%)
Investment Portfolio Need* (40.69%)
Sources of Funding
Retirement Spending
Travel
$ 192,992
$ 15,000
Total
$ 207,992
Social Security - Jim
Social Security - Susan
Partnership Buyout
$ 23,276
$ 16,973
$ 83,104
Total
$ 123,353
Investment Portfolio Need* = $ 84,639
12/06/2011
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Jim & Susan
Age 75 (Jim)
Spending Needs at Age 75
Social Security - Jim (13.61%)
Social Security - Susan (9.92%)
Investment Portfolio Need* (76.47%)
Sources of Funding
Retirement Spending
$ 247,045
Total
$ 247,045
Social Security - Jim
Social Security - Susan
$ 33,620
$ 24,516
Total
$ 58,136
Investment Portfolio Need* = $ 188,909
*The Investment Portfolio Need is the net amount required from the investment portfolio after all other income sources have been applied to the spending need. It does not represent income provided by
the investment portfolio nor should it be assumed that the spending need can be met with portfolio withdrawals.
The sources of funding cash flows are hypothetical in nature and should be used only as a guideline. This report may display spending needs and the corresponding sources of funding for up to five
different years as determined by your financial advisor. The other income sources are based upon assumptions that you have provided. To determine how much the investment portfolio must provide in
order to meet spending needs, first, all available other income sources are matched against the spending need. If, all other income sources are not sufficient to meet the spending need, then the analysis
assumes the remainder will be made up with the investment portfolio. This analysis does not consider Required Minimum Distributions or the potential need for leverage to be used.
12/06/2011
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Jim & Susan
Goal Funding Summary - Recommended Investment Plan
Results shown in Actual dollars
Social Security
Estimated Taxable Portfolio Income
Income Sources
Portfolio Withdrawal
Net Goal Funding Need
$450,000
$400,000
$350,000
Income Need
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
60/60
64/64
68/68
72/72
76/76
80/80
84/84
88/88
92/92
Age (Jim / Susan)
Goal Funding Summary reflects any Social Security and Income Sources during retirement as well as estimated portfolio yield based off of the previous year's estimated taxable ending value. Estimated
Portfolio Taxable Income is based on current yield assumptions and there is no assurance that they will be obtained. In addition, the portfolio withdrawals necessary to meet your Goal Funding Needs for
your Recommended Investment Plan are reflected. This is based upon information you provided. Because this information is likely to change over time, your actual cash flow experience will differ. You
should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.
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Scenario Comparison
Below Target
Target Zone
<50
Above Target
75
90
100
80
82
The cash flows for this plan were last inflated on 6/22/2011*
Recommended
Scenario #1 - Gift to
Northwestern
60
60
$140,000
60
60
$140,000
N/A
$250,000 (Age Ret. Ret.)
$15,000 (Age 60 - 70)
$100,000 (Age 60 - 60)
$250,000 (Age Ret. Ret.)
$15,000 (Age 60 - 70)
$42,074 (Age 18-21)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$30,249 (Age 18-21)
$40,000 (Age 52 - Ret.)
$15,000 (Age 52 - Ret.)
$20,000 (Age 52 - Ret.)
$40,000 (Age 52 - Ret.)
$15,000 (Age 52 - Ret.)
$20,000 (Age 52 - Ret.)
$75,000 (Age 62 - 66)
$75,000 (Age 62 - 66)
Retirement Age
Jim
Susan
Annual Retirement Spending
Other Goals
Gift to Northwestern
Executive RV
Travel
Annual Education Goals
John - Brown
University
Sara - University of
Virginia
Annual Savings
Deferred
Deferred
Taxable
Income Sources (Annual)
Partnership Buyout
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Below Target
Target Zone
<50
Above Target
75
90
100
80
82
The cash flows for this plan were last inflated on 6/22/2011*
Recommended
Jim's Whole Life
Benefit
Annual Social Security
Jim
Susan
Susan
Estate Goal
Strategic Allocation
Percent in Equities
Downside Risk
Investment Plan Result
$100,000 (Age Death Death)
Scenario #1 - Gift to
Northwestern
$100,000 (Age Death Death)
$21,006 (Age 62 - Death) $21,006 (Age 62 - Death)
$15,318 (Age 62 - Death) $15,318 (Age 62 - Death)
$5,688 (Age 93 - End)
$5,688 (Age 93 - End)
$1,000,000
$1,000,000
Conservative
Conservative
Growth (Age Now-End)
Growth (Age Now-End)
66.0%
66.0%
- 8.1%
- 8.1%
82
80
* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, income sources, etc. up to date with their specified inflation rates.
The Scenario Comparison is hypothetical and not your Recommended Investment Plan. It is designed to illustrate "what-if" scenarios. The information used to create these scenarios may or may not reflect your current situation or goals. Please refer
to your Envision Presentation for a Recommended Investment Plan that reflects your current situation and financial goals. Your Financial Advisor can work with you to create or modify your Recommended Investment Plan to suit your needs. The
information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the Capital
Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of experiencing a
loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
12/06/2011
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Survivor Goals - Jim Survives
The cash flows for this plan were last inflated on 6/22/2011 *
Liabilities to be Paid Immediately
123 Main St. Mortgage
$200,000.00
Final Expenses
$10,250
Decedent's Annual Income Replacement
$42,025 (Age Now-Ret.)
Survivor Goals
Retirement Age
Annual Retirement Spending
Estate Goal
60
$123,000
$512,500
Education Goals
Brown University - John
University of Virginia - Sara
$42,074 (Age 18-21)
$30,249 (Age 18-21)
Savings
Deferred
$61,500 (Age 51-Ret.)
Income Sources
Partnership Buyout
$76,875 (Age 62-66)
Social Security
Social Security Survivor Benefits
Jim's Retirement Benefit
Strategic Allocation
Percent in Equities
Downside Risk
Total Value of Investments
Plan Result
+
$22,976
$21,006 (Age 62-Death)
Conservative Growth
66.0%
- 8.1%
$2,208,913
82
Survivor Needs Result
Estimated Total Coverage Needed
Existing Insurance Policies on Susan's Life
12/06/2011
$160,000
$100,000
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Jim & Susan
Estimated Additional Insurance Needed
$60,000
* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, other income, etc. up to date with their specified inflation rates.
+
The Survivor Benefit amount shown here is for the first year only. Future benefits may be more or less.
Important Information
Estimated Total Coverage Needed: Indicates the total of your existing insurance plus your additional insurance need.
Existing Insurance Policies: Represents insurance coverage you identified as already having purchased.
Estimated Additional Insurance Needed: Represents the additional death benefit needed to meet the specific Survivor Goals stated in this survivor section.
You may have additional estate or business planning needs which are beyond the scope of this analysis. Please consult with your Financial Advisor for additional
analysis related to these issues.
The Survivor Needs page may include modified plan assumptions that anticipate the different needs you may have after the death of your spouse; your actual
situation may differ.
In anticipation of your survivor need, this analysis may exclude certain accounts identified in your Recommended Investment Plan.
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Survivor Goals - Susan Survives
The cash flows for this plan were last inflated on 6/22/2011 *
Liabilities to be Paid Immediately
123 Main St. Mortgage
$200,000.00
Final Expenses
$10,250
Decedent's Annual Income Replacement
$189,625 (Age Now-Ret.)
Survivor Goals
Retirement Age
Annual Retirement Spending
Estate Goal
60
$123,000
$512,500
Education Goals
Brown University - John
University of Virginia - Sara
$42,074 (Age 18-21)
$30,249 (Age 18-21)
Social Security
+
$34,180
$19,531 (Age 62-Death)
Social Security Survivor Benefits
Susan's Retirement Benefit
Strategic Allocation
Conservative Growth
66.0%
- 8.1%
Percent in Equities
Downside Risk
Total Value of Investments
$2,208,913
Plan Result
82
Survivor Needs Result
Estimated Total Coverage Needed
Existing Insurance Policies on Jim's Life
$2,010,000
$700,000
Estimated Additional Insurance Needed
$1,310,000
* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, other income, etc. up to date with their specified inflation rates.
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+
The Survivor Benefit amount shown here is for the first year only. Future benefits may be more or less.
Important Information
Estimated Total Coverage Needed: Indicates the total of your existing insurance plus your additional insurance need.
Existing Insurance Policies: Represents insurance coverage you identified as already having purchased.
Estimated Additional Insurance Needed: Represents the additional death benefit needed to meet the specific Survivor Goals stated in this survivor section.
You may have additional estate or business planning needs which are beyond the scope of this analysis. Please consult with your Financial Advisor for additional
analysis related to these issues.
The Survivor Needs page may include modified plan assumptions that anticipate the different needs you may have after the death of your spouse; your actual
situation may differ.
In anticipation of your survivor need, this analysis may exclude certain accounts identified in your Recommended Investment Plan.
12/06/2011
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Long-Term Care Comparison - Jim
LTC Event assumes death at the end of the long-term care event - age 73
Investment Plan Results
Long-Term Care Costs
Out of Pocket Cost
LTC Premium
Retirement Goals
Jim's Retirement Age
Susan's Retirement
Age
Retirement Spending
Education Goals
Brown University John
University of Virginia Sara
Other Goals
Executive RV - Jim
Travel - Jim
Savings Contribution
DEFERRED - Jim
DEFERRED - Susan
TAXABLE - Joint
Income Sources
Partnership Buyout Jim
Jim's Whole Life
Benefit - Jim
12/06/2011
Recommended
Recommended With
Coverage
Long-Term Care Event
Without Coverage
Long-Term Care Event
With Coverage
82
81
66
78
N/A
N/A
$2,659 (Age Now Death)
$85,958 (Age 70 - 73)
N/A
N/A
$2,659 (Age Now - 70)
60
60
60
60
60
60
60
60
$140,000 (Age 60 - End)
$140,000 (Age 60 - End)
$140,000 (Age 60 - End)
$140,000 (Age 60 - End)
$42,074 (Age 18-21)
$42,074 (Age 18-21)
$42,074 (Age 18-21)
$42,074 (Age 18-21)
$30,249 (Age 18-21)
$30,249 (Age 18-21)
$30,249 (Age 18-21)
$30,249 (Age 18-21)
$250,000 (Age Ret. Ret.)
$15,000 (Age 60 - 70)
$250,000 (Age Ret. Ret.)
$15,000 (Age 60 - 70)
$250,000 (Age Ret. Ret.)
$15,000 (Age 60 - 70)
$250,000 (Age Ret. Ret.)
$15,000 (Age 60 - 70)
$40,000 (Age 52 - Ret.)
$15,000 (Age 52 - Ret.)
$20,000 (Age 52 - Ret.)
$40,000 (Age 52 - Ret.)
$15,000 (Age 52 - Ret.)
$20,000 (Age 52 - Ret.)
$40,000 (Age 52 - Ret.)
$15,000 (Age 52 - Ret.)
$20,000 (Age 52 - Ret.)
$40,000 (Age 52 - Ret.)
$15,000 (Age 52 - Ret.)
$20,000 (Age 52 - Ret.)
$75,000 (Age 62 - 66)
$75,000 (Age 62 - 66)
$75,000 (Age 62 - 66)
$75,000 (Age 62 - 66)
$100,000 (Age Death Death)
$100,000 (Age Death Death)
N/A
N/A
N/A
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LTC Event assumes death at the end of the long-term care event - age 73
Social Security
Jim
Susan
Susan
Estate Goal
Strategic Allocation
Percent in Equities
Downside Risk
Total Value of Investments
Investment Plan Results
Recommended
Recommended With
Coverage
Long-Term Care Event
Without Coverage
Long-Term Care Event
With Coverage
$21,006 (Age 62 - Death)
$15,318 (Age 62 - Death)
$5,688 (Age 93 - End)
$1,000,000
Conservative
Growth (Age Now-End)
66.0%
-8.1%
$21,006 (Age 62 - Death)
$15,318 (Age 62 - Death)
$5,688 (Age 93 - End)
$1,000,000
Conservative
Growth (Age Now-End)
66.0%
-8.1%
$21,006 (Age 62 - Death)
$15,318 (Age 62 - Death)
$5,688 (Age 74 - End)
$1,000,000
Conservative
Growth (Age Now-End)
66.0%
-8.1%
$21,006 (Age 62 - Death)
$15,318 (Age 62 - Death)
$5,688 (Age 74 - End)
$1,000,000
Conservative
Growth (Age Now-End)
66.0%
-8.1%
$2,208,913
$2,208,913
$2,208,913
$2,208,913
82
81
66
78
Estimated annual cost for long-term care is based on the Delaware average semi-private room nursing home costs. Room rates were obtained from nursing homes that are licensed, provide both skilled and custodial care, and have a semi-private
pay rate for custodial care, not the Medicare or Medicaid reimbursed rate.
Estimated long-term care insurance premiums assume a healthy, non-smoker with no pre-existing conditions. The premium assumption is based on a four year benefit for semi-private room care with a 90 day elimination period. The number
provided is only an estimate and your actual premium costs will be different based on: product, underwriting risk classification, policy features, and benefits selected. The benefit may not cover the entire cost of long-term care. Long-term care
insurance may not be suitable for everyone.
12/06/2011
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An Introduction to Estate Planning
Many investors need an estate plan.
An estate plan is designed to provide security, define your legacy, and give a voice to your intentions and dreams.
During your lifetime, a well-considered estate plan helps protect your financial security. It can help you to:
•
Designate a trusted person to manage your finances, if you become incapacitated - either temporarily, or for an extended time.
•
Clarify your wishes regarding medical treatment, if you are unable to express them yourself.
•
Appoint someone to make medical decisions for you, if you cannot.
•
Help avoid the strictures of a court-supervised guardianship or conservatorship, if you become incapacitated.
•
Delegate financial tasks to a trusted person, if you are traveling, ill, or simply want to "retire" from routine or burdensome matters.
In the event of your death, your estate plan may be vitally important to the people you care about most. A thoughtful estate plan does more than dispose of
possessions - it builds a foundation and structure for your legacy, and articulates your values. Your estate plan allows you to:
•
Appoint a guardian for minor children, and a trustee who can manage assets for them until a time that you select.
•
Create a distribution plan that reflects your life goals and values. What do you believe would have the most meaningful and beneficial impact on your heirs: an
outright distribution, all at once; a gradual distribution, in several stages; or a plan that provides a lifetime of income, with access to principal as a safety net?
•
Balance the interests and needs of your spouse, and children from a prior marriage, as you think best.
•
Protect assets for the benefit of a child with special needs.
•
Address the special issues that arise when you own a family business, farm, or unique real estate.
•
Utilize trusts to give a beneficiary's assets a significant measure of protection from creditors, divorce, the effects of substance abuse, or bad decision-making.
Building blocks of your estate plan
Estate planning encompasses much more than a will. In order to control where assets go and how they are distributed, it is important to understand the interaction
between legal forms of ownership, the five basic estate planning documents, and beneficiary designations.
Legal forms of ownership can affect your estate plan, and estate taxes. Here are some basic concepts:
•
Individual ownership exists when an account, or property, is simply titled in your own name, for example "John Smith." Property titled in this way usually passes
under the terms of your will, or if you do not have a will, to "default" heirs designated by state law.
•
Joint tenancy with right of survivorship (JTWROS) is a form of ownership in which two or more persons own an undivided interest in property. A deceased
owner's share automatically passes to the surviving owner(s), and is not affected by the terms in your will or trust.
•
Tenancy in common is also a form of ownership in which two or more persons own an undivided interest in property, but a deceased owner's share does not
automatically pass to the surviving owner(s); instead, the deceased owner's will or trust will be controlling.
•
Tenancy by the entirety is a variation of joint tenancy with right of survivorship, which can exist only between a husband and wife. This form of ownership is
recognized in fewer than half of the states. In some states, it can be used for all types of property; in others, it can only be used for real estate. Property held in
tenancy by the entirety is regarded as belonging to the husband and wife indivisibly, and generally is not subject to claims of either spouse's individual creditors.
•
Community property is a form of ownership applicable in 9 states (AZ, CA, ID, LA, NV, NM, TX, WA and WI). In addition, Alaska allows married couples to elect
community property treatment. In these states, the law generally provides that all property acquired by either spouse during marriage is held as community
property, with each spouse having a one-half interest. Property acquired before the marriage, or property acquired by gift or inheritance, is referred to as
separate property. A deceased spouse can transfer one-half of the community property, plus his or her own separate property, under his or her will.
Five basic estate planning documents are frequently recommended.
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•
•
•
•
®
Jim & Susan
A will provides instructions for distributing property that you own, upon your death, utilizing the probate process. Some wills are very simple; others include
complex planning provisions. Your attorney can help design a will that fits your needs and objectives.
A durable power of attorney allows you to name a trusted person to manage your financial and personal affairs if you are incapacitated. This document is
important for lifetime planning. The authority of the agent (or "attorney in fact") ends when you die.
A durable power of attorney for health care is another lifetime planning document; it allows you to name a trusted person to make a wide variety of medical
decisions if you cannot, including decisions about end-of-life care. It is very important to name a person who shares your views and values. This document
may also be referred to as a health care directive or health care proxy.
A living will expresses your intentions with regard to the use of life-sustaining measures in the event of a terminal illness. It expresses what you want but does
not give anyone the authority to speak for you. Sometimes, this document or statement is combined with a durable power of attorney for health care.
The revocable living trust is often used in states where the probate process is lengthy or expensive. By transferring assets into a revocable living trust, you
can provide for continued management of financial affairs during your lifetime and upon your death. Assets held in a revocable trust avoid the probate process.
This may help to simplify the settlement process, and reduce the amount of personal information that becomes part of a public record. During your lifetime, you
typically act as your own trustee. You name a successor trustee to manage trust assets after your death. Some revocable trusts provide for a simple outright
distribution of assets; others call for the creation of continuing trusts after death. Your attorney can help you determine whether or not a revocable trust is
appropriate for your situation, and if it is, can customize a trust to fit your situation.
Beneficiary designations also have an important effect on your estate plan.
•
Assets such as IRAs, qualified retirement plans and life insurance policies pass according to a beneficiary designation. Ordinarily, these assets are not governed
by your will or trust, and are not subject to probate. If you fail to name a beneficiary, these assets typically must be paid to your estate (making a normally
non-probate asset subject to probate). Accordingly, it is very important to be sure you name both primary and contingent beneficiaries, and that you keep your
beneficiary designations up do date. Many types of employee benefit plans also have beneficiary designations, including nonqualified deferred compensation
(NQDC) plans, non-qualified stock options (NSOs), incentive stock options (ISOs), employee stock purchase plans (ESPPs), and restricted stock awards.
•
Transfer on Death (TOD) designations are permitted for securities accounts in all states except Louisiana. Some states also permit TOD designations on other
types of property. For bank accounts, the term Pay on Death (POD) designation is used. A TOD designation is another way to avoid the probate process.
To make a TOD designation, you complete a simple account form. You can name one or more beneficiaries to receive an outright distribution of a particular
account upon your death. During your lifetime, you retain sole ownership of the account, and you can revoke or change a TOD designation at any time. While
this can be a good way to make simple transfers, it is much more limiting than a will or living trust, because it is not comprehensive and does not allow you
to provide for contingencies, or handle complex planning provisions.
Your estate planning team
Your attorney is your primary estate planning advisor. In addition to preparing your estate planning documents, your attorney can guide you in selecting tools and
strategies to fit your specific situation, and personal objectives. Your CPA is familiar with your income tax situation, and adds another valuable perspective to your
estate planning team. Your financial advisor can help you organize your financial information, define your goals, and provide information about estate planning
concepts. Your Envision plan is a good starting point for the estate planning process, and we encourage you to share it with your attorney.
Evaluate strategies in light of your values and life goals
As you evaluate any advanced planning strategy, ask:
•
Does it reflect my values?
•
How does it affect my income and financial security?
•
Is it consistent with my time horizon, risk tolerance, and financial situation?
•
Will it help to accomplish my goals and dreams?
•
Does it build the type of legacy I want to create?
•
How does it affect the people I care about most?
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We encourage you to begin a conversation with your financial advisor about your values and goals, and extend that conversation to your attorney and CPA, and
your family as well.
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Understanding the Federal Estate Tax
Who is affected by the federal estate tax?
Individuals may be subject to estate tax if their taxable estate exceeds the "applicable exclusion." The federal estate tax is paid by the estate (before distributions to
beneficiaries). The estate tax return and full payment of the tax are due nine months after the date of death.
The applicable exclusion for 2011 and 2012 will be $5 million, essentially protecting estates below that amount from federal estate tax. A flat rate of 35%
will apply, and the estate and gift exemptions are reunified. This two-year window should be a reason to take action now - not procrastinate. In two years,
Congress will need to revisit the estate tax. The desire to raise revenue may lead Congress to limit or eliminate certain strategies that are available in 2011
and 2012. If you are uncertain how these temporary new provisions affect your estate plan, you should make an appointment with your estate planning
attorney to review your documents and strategies.
Some states impose their own estate taxes, in addition to the federal tax. The state thresholds for imposing tax are often lower than the federal applicable exclusion.
The rules vary considerably from state to state.
Don't put off estate planning just because tax laws may change. Tax laws change frequently, so attorneys are experienced at building flexibility into estate planning
documents.
What is included in my taxable estate?
In federal tax law, the definition of the "taxable estate" is very broad - it basically encompasses the value of everything you own or control. For example, your taxable
estate includes:
•
Cash, checking, savings, and money market accounts.
•
Investment securities, real estate and closely-held business interests, at fair market value.
•
Retirement plans and employee benefits, including IRAs and Roth IRAs, qualified retirement plans, incentive and non-qualified stock options, restricted stock,
employee stock purchase plans, and non-qualified deferred compensation.
•
Personal property, including autos, boats, household furnishings, jewelry, artwork, and collectibles.
•
All property held in revocable trusts.
•
The death benefit on life insurance policies that you own or control.
•
Property that you transferred to others, subject to a retained income interest or life estate.
•
Property over which you have a "general powers of appointment" (the unlimited power to transfer to another).
It's important to understand that assets which pass outside of probate (such as revocable trusts, TOD accounts, IRAs and retirement plans, and life insurance) are
generally still part of your taxable estate.
Special considerations for married couples
By using a "credit shelter" or "bypass" trust strategy, married couples can take advantage of the "applicable exclusion" for both spouses.
Here's how it works: A provision in your will or living trust directs that, if you are the first spouse to die, an amount equal to the applicable exclusion then in effect will
be allocated to the credit shelter trust. Typically, this trust will pay all of its income, and principal as needed, to the surviving spouse. (If you wish, your trust could
permit distributions of income and principal to other beneficiaries as well.) The trust directs how any remaining principal will be distributed when the surviving spouse
dies. Typically, trust assets are distributed to children, either outright or in a continuing trust. The assets in a credit shelter trust are not part of the surviving spouse's
taxable estate. In effect, the original principal, and any future growth, is "sheltered" from tax by the applicable exclusion of the first spouse to die. And the surviving
spouse still has his or her own exclusion to apply at the time of the second death.
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In order for a credit shelter trust to work, there must be assets to fund it. Asset titling, and beneficiary designations, should be arranged so that each spouse will
have assets available to fund a credit shelter trust.
New rules make the estate exclusion "portable" between spouses. In other words, a deceased spouse can pass on his or her unused exclusion to the
surviving spouse. This could allow a married couple to transfer up to $10 million without federal estate tax.
•
However, portability rules are scheduled to lapse after 2012.
•
For larger estates, it may still be advantageous to create a "credit shelter" trust at the first death.
Advanced estate planning strategies
For single individuals with estates greater than the applicable exclusion or married couples with estates more than double the applicable exclusion, additional tax
planning strategies are available. These include annual exclusion gifts, irrevocable life insurance trusts, charitable trusts, and many more. Your financial advisor,
attorney, and CPA can work together to help you put strategies in place that fit your financial situation and your personal values and goals.
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Strategic Allocation Investment Objectives
Conservative Income
Income investors seek a maximum amount of income given their risk tolerance,
and are willing to forgo capital appreciation and growth of income. Conservative
Income investors seek the maximum amount of income consistent with a
modest degree of risk. They are willing to accept a lower level of income in
exchange for lower risk. Higher risk investments, such as high yield bonds and
some equities, are typically not a large percentage of the account.
Conservative Growth & Income
Moderate Growth
Growth investors do not seek account income and their primary objective is
capital appreciation. Moderate Growth investors seek to balance potential risk
of capital loss with their goal of higher potential growth. Equities may be the
primary asset in the account.
Long Term Income
Growth and Income investors seek current income, but also seek income and
capital growth over time. These investors are willing to forgo a portion of
current income in order to seek potential future growth. Conservative Growth
and Income investors seek the maximum growth and income consistent with
a relatively modest degree of risk. They are willing to accept lower potential
returns in exchange for lower risk. Equities, generally dividend paying equities,
may be some percentage of the account.
Income investors seek a maximum amount of income given their risk tolerance,
and are willing to forgo capital appreciation and growth of income. Long Term
Income investors seek a significant level of income, are financially able and
willing to risk losing a substantial portion of investment capital, and, due to their
long term horizon or other factors, they employ higher risk, more aggressive
strategies that may offer higher potential income. Higher risk investments, such
as high yield bonds and some equities, may be a significant percentage of the
account.
Conservative Growth
Long Term Growth & Income
Growth investors do not seek account income and their primary objective is
capital appreciation. Conservative Growth investors seek maximum growth
consistent with a relatively modest degree of risk. They are willing to accept
lower potential returns in exchange for lower risk. Equities may be a significant
percentage of the account.
Growth and Income investors seek current income, but also seek income and
capital growth over time. These investors are willing to forgo a portion of current
income in order to seek potential future growth. Long Term Growth and Income
investors seek a significant level of growth and income, are financially able
and willing to risk losing a substantial portion of investment capital, and due to
their long term horizon or other factors they pursue high risk, more aggressive
strategies that may offer higher potential returns. High yield bonds and equities,
generally dividend paying equities, may be the primary assets in the account.
Moderate Income
Income investors seek a maximum amount of income given their risk tolerance,
and are willing to forgo capital appreciation and growth of income. Moderate
Income investors seek to balance the potential risk of capital loss with
increased income potential. Higher risk investments, such as high yield bonds
and some equities, may be some percentage of the account.
Moderate Growth & Income
Growth and Income investors seek current income, but also seek income and
capital growth over time. These investors are willing to forgo a portion of current
income in order to seek potential future growth. Moderate Growth and Income
investors seek to balance the risk of capital loss with higher potential growth
and income. High yield bonds and equities, generally dividend paying equities,
may be a significant percentage of the account.
12/06/2011
Long Term Growth
Growth investors do not seek account income and their primary objective is
capital appreciation. Long Term Growth investors seek a significant level of
growth, are financially able and willing to risk losing a substantial portion of
investment capital, and due to their long term horizon or other factors, they
employ higher risk, more aggressive strategies that may offer higher potential
returns. Higher risk investments such as equities may be as much as 100%
of the account.
Your actual asset allocation may vary from the Strategic or Custom Allocation, based upon your individual circumstances.
There can be no guarantee that your investment goals will be reached by following a prescribed asset allocation model.
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
The Strategic Allocations
Conservative Income
Conservative Growth
Average Return:
5.1%
Average Return:
8.3%
Downside Risk:
-1.7%
Downside Risk:
-8.1%
Large Cap (2.00%)
Large Cap (28.00%)
Mid Cap (2.00%)
Mid Cap (10.00%)
International Equity (2.00%)
Small Cap (8.00%)
Short Term Fixed Income (25.00%)
International Equity (10.00%)
Intermediate Fixed Inc (45.00%)
Emerging Market Equity (8.00%)
Long Term Fixed Income (4.00%)
Short Term Fixed Income (8.00%)
Intl Fixed Income (6.00%)
Intermediate Fixed Inc (14.00%)
Emerging Market Debt (2.00%)
Long Term Fixed Income (4.00%)
High Yield Fixed Income (4.00%)
High Yield Fixed Income (2.00%)
REIT (3.00%)
REIT (2.00%)
Cash Alternative (5.00%)
Commodities (4.00%)
Cash Alternative (2.00%)
Conservative Growth & Income
Average Return:
6.7%
Downside Risk:
-3.4%
Moderate Income
Average Return:
6.1%
Downside Risk:
-2.7%
Large Cap (10.00%)
Mid Cap (4.00%)
Large Cap (10.00%)
Small Cap (4.00%)
Mid Cap (2.00%)
International Equity (6.00%)
Small Cap (2.00%)
Emerging Market Equity (4.00%)
International Equity (4.00%)
Short Term Fixed Income (10.00%)
Short Term Fixed Income (18.00%)
Intermediate Fixed Inc (28.00%)
Intermediate Fixed Inc (31.00%)
Long Term Fixed Income (15.00%)
Long Term Fixed Income (7.00%)
Intl Fixed Income (4.00%)
Intl Fixed Income (6.00%)
Emerging Market Debt (3.00%)
Emerging Market Debt (7.00%)
High Yield Fixed Income (4.00%)
High Yield Fixed Income (7.00%)
REIT (3.00%)
REIT (3.00%)
Commodities (2.00%)
Cash Alternative (3.00%)
Cash Alternative (3.00%)
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 52 of 164
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Jim & Susan
Moderate Growth & Income
Long Term Income
Average Return:
7.7%
Average Return:
6.8%
Downside Risk:
-6.1%
Downside Risk:
-4.5%
Large Cap (19.00%)
Large Cap (12.00%)
Mid Cap (8.00%)
Mid Cap (4.00%)
Small Cap (6.00%)
Small Cap (4.00%)
International Equity (7.00%)
International Equity (6.00%)
Emerging Market Equity (6.00%)
Short Term Fixed Income (6.00%)
Short Term Fixed Income (5.00%)
Intermediate Fixed Inc (25.00%)
Intermediate Fixed Inc (19.00%)
Long Term Fixed Income (10.00%)
Long Term Fixed Income (7.00%)
Intl Fixed Income (8.00%)
Intl Fixed Income (5.00%)
Emerging Market Debt (10.00%)
Emerging Market Debt (4.00%)
High Yield Fixed Income (9.00%)
High Yield Fixed Income (6.00%)
REIT (3.00%)
REIT (3.00%)
Cash Alternative (3.00%)
Commodities (2.00%)
Cash Alternative (3.00%)
Long Term Growth & Income
Moderate Growth
Average Return:
Downside Risk:
9.1%
Average Return:
8.5%
Downside Risk:
-8.8%
Large Cap (24.00%)
-10.9%
Mid Cap (12.00%)
Large Cap (28.00%)
Small Cap (10.00%)
Mid Cap (14.00%)
International Equity (8.00%)
Small Cap (14.00%)
Emerging Market Equity (7.00%)
International Equity (13.00%)
Intermediate Fixed Inc (10.00%)
Emerging Market Equity (11.00%)
Long Term Fixed Income (3.00%)
Short Term Fixed Income (3.00%)
Intl Fixed Income (5.00%)
Intermediate Fixed Inc (5.00%)
Emerging Market Debt (6.00%)
Long Term Fixed Income (2.00%)
High Yield Fixed Income (7.00%)
High Yield Fixed Income (2.00%)
REIT (3.00%)
REIT (2.00%)
Commodities (2.00%)
Commodities (4.00%)
Cash Alternative (3.00%)
Cash Alternative (2.00%)
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both
historical observation and standard investment industry statistical calculations. For risk and return information, please
see the Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential
loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each
year of experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual
performance. Past performance is not a guarantee of future results.
Long Term Growth
Average Return:
Downside Risk:
9.6%
-12.6%
Large Cap (28.00%)
Mid Cap (16.00%)
Small Cap (16.00%)
International Equity (18.00%)
Emerging Market Equity (14.00%)
REIT (2.00%)
Commodities (4.00%)
Cash Alternative (2.00%)
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 54 of 164
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Jim & Susan
Current vs Strategic Allocation - Asset Class
Current
Conservative Growth
Equity (90.53%)
Equity (66.00%)
Fixed Income (0.04%)
Fixed Income (28.00%)
Cash Alternative (9.33%)
Alternative Investment (4.00%)
Other (0.10%)
Cash Alternative (2.00%)
Average Return:
8.7%
Downside Risk: -12.5%
Average Return:
Downside Risk:
8.3%
-8.1%
On this Current vs Strategic Allocation report, funds, ETFs and UITs that have balanced or global allocations may be assigned to multiple asset classes based on
their underlying holdings.
Long Positions
Asset Class
Equity
Fixed Income
Alternative Investment
Cash Alternative
Other
Total:
12/06/2011
$ 1,999,720.72
$ 947.11
$ 0.00
$ 205,988.17
$ 2,256.93
$ 2,208,912.93
Current
90.53%
0.04%
0.00%
9.33%
0.10%
100.00%
$ 1,457,882.53
$ 618,495.62
$ 88,356.52
$ 44,178.26
$ 0.00
$ 2,208,912.93
Strategic
66.00%
28.00%
4.00%
2.00%
0.00%
100.00%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Difference
$ - 541,838.19
- 24.53%
$ 617,548.51
27.96%
$ 88,356.52
4.00%
$ - 161,809.91
- 7.33%
$ - 2,256.93
- 0.10%
$ 0.00
0.00%
Page 55 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value
Strategic Allocation illustrates how much of an investor's portfolio should be allocated to the various asset classes based on the recommended investment plan.
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the
Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of
experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
Your current portfolio allocation may classify assets based on the underlying holdings of global and balanced funds, ETFs, and UITs. Where underlying holdings are not available for classification, the asset class assigned to that security is used.
Balanced funds generally invest in both stocks and bonds. Global funds generally invest in both international and domestic securities. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When
repositioning assets within your portfolio, it is important to note that underlying holdings of funds, ETFs and UIT shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs, and UITs.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where underlying holdings are not
available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
Totals may not equal calculated amounts due to rounding differences.
The Disclosures include definitions of the terms on this page and other detailed information.
Market Values are based on closing prices and positions as of 12/5/2011 for security level holdings.
If we have included or if you have provided us with information on accounts managed by an affiliate of Wells Fargo Advisors, including fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority
to manage or influence the management of such accounts. With respect to such accounts, the Strategic Allocation and Differences listed on this page are for information purposes only and should not be considered a recommendation from Wells
Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts may differ from our affiliates.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 56 of 164
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®
Jim & Susan
Current vs Strategic Allocation - Asset Class Type
Current
Conservative Growth
Domestic Equity (83.64%)
Domestic Equity (46.00%)
International Equity (6.87%)
International Equity (18.00%)
Domestic Fixed Income (0.04%)
Domestic Fixed Income (26.00%)
Alternative Income (0.02%)
Alternative Income (4.00%)
Other (0.10%)
Alternative Investment (4.00%)
Cash Alternative (9.33%)
Cash Alternative (2.00%)
Average Return:
8.7%
Downside Risk: -12.5%
Average Return:
Downside Risk:
8.3%
-8.1%
On this Current vs Strategic Allocation report, funds, ETFs and UITs that have balanced or global allocations may be assigned to multiple asset classes based on
their underlying holdings.
Long Positions
Asset Class Type
Domestic Equity
International Equity
Domestic Fixed Income
Alternative Income
Alternative Investment
Other
Cash Alternative
Total:
12/06/2011
$ 1,847,541.61
$ 151,666.88
$ 947.11
$ 512.23
$ 0.00
$ 2,256.93
$ 205,988.17
$ 2,208,912.93
Current
83.64%
6.87%
0.04%
0.02%
0.00%
0.10%
9.33%
100.00%
$ 1,016,099.95
$ 397,604.33
$ 574,317.36
$ 88,356.52
$ 88,356.52
$ 0.00
$ 44,178.26
$ 2,208,912.93
Strategic
46.00%
18.00%
26.00%
4.00%
4.00%
0.00%
2.00%
100.00%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Difference
$ - 831,441.67
- 37.64%
$ 245,937.45
11.13%
$ 573,370.25
25.96%
$ 87,844.29
3.98%
$ 88,356.52
4.00%
$ - 2,256.93
- 0.10%
$ - 161,809.91
- 7.33%
$ 0.00
0.00%
Page 57 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value
Strategic Allocation illustrates how much of an investor's portfolio should be allocated to the various asset classes based on the recommended investment plan.
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the
Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of
experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
Your current portfolio allocation may classify assets based on the underlying holdings of global and balanced funds, ETFs, and UITs. Where underlying holdings are not available for classification, the asset class assigned to that security is used.
Balanced funds generally invest in both stocks and bonds. Global funds generally invest in both international and domestic securities. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When
repositioning assets within your portfolio, it is important to note that underlying holdings of funds, ETFs and UIT shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs, and UITs.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where underlying holdings are not
available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
Totals may not equal calculated amounts due to rounding differences.
The Disclosures include definitions of the terms on this page and other detailed information.
Market Values are based on closing prices and positions as of 12/5/2011 for security level holdings.
If we have included or if you have provided us with information on accounts managed by an affiliate of Wells Fargo Advisors, including fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority
to manage or influence the management of such accounts. With respect to such accounts, the Strategic Allocation and Differences listed on this page are for information purposes only and should not be considered a recommendation from Wells
Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts may differ from our affiliates.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 58 of 164
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®
Jim & Susan
Current vs Strategic Allocation - Asset Class Sub Type
Current
Conservative Growth
Large Cap (62.25%)
Large Cap (28.00%)
Mid Cap (9.49%)
Mid Cap (10.00%)
Small Cap (11.91%)
Small Cap (8.00%)
International Equity (6.20%)
International Equity (10.00%)
Emerging Market Equity (0.67%)
Emerging Market Equity (8.00%)
Intermediate Fixed Inc (0.00%)
Short Term Fixed Income (8.00%)
Long Term Fixed Income (0.04%)
Intermediate Fixed Inc (14.00%)
REIT (0.02%)
Long Term Fixed Income (4.00%)
Other (0.10%)
High Yield Fixed Income (2.00%)
Cash Alternative (9.33%)
REIT (2.00%)
Commodities (4.00%)
Cash Alternative (2.00%)
Average Return:
8.7%
Downside Risk: -12.5%
Average Return:
Downside Risk:
8.3%
-8.1%
On this Current vs Strategic Allocation report, funds, ETFs and UITs that have balanced or global allocations may be assigned to multiple asset classes based on
their underlying holdings.
Long Positions
Asset Class Sub Type
Large Cap
Mid Cap
Small Cap
International Equity
Emerging Market Equity
Short Term Fixed Income
Intermediate Fixed Inc
Long Term Fixed Income
High Yield Fixed Income
‡
REIT
Commodities
Other
Cash Alternative
12/06/2011
$ 1,375,001.54
$ 209,556.00
$ 262,984.07
$ 136,904.04
$ 14,762.83
$ 0.00
$ 38.10
$ 909.00
$ 0.00
Current
62.25%
9.49%
11.91%
6.20%
0.67%
0.00%
0.00%
0.04%
0.00%
$ 618,495.62
$ 220,891.29
$ 176,713.03
$ 220,891.29
$ 176,713.03
$ 176,713.03
$ 309,247.81
$ 88,356.52
$ 44,178.26
Strategic
28.00%
10.00%
8.00%
10.00%
8.00%
8.00%
14.00%
4.00%
2.00%
$ 512.23
0.02%
$ 44,178.26
2.00%
$ 43,666.03
1.98%
$ 0.00
$ 2,256.93
$ 205,988.17
0.00%
0.10%
9.33%
$ 88,356.52
$ 0.00
$ 44,178.26
4.00%
0.00%
2.00%
$ 88,356.52
$ - 2,256.93
$ - 161,809.91
4.00%
- 0.10%
- 7.33%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Difference
$ - 756,505.92
- 34.25%
$ 11,335.29
0.51%
$ - 86,271.03
- 3.91%
$ 83,987.25
3.80%
$ 161,950.20
7.33%
$ 176,713.03
8.00%
$ 309,209.71
14.00%
$ 87,447.51
3.96%
$ 44,178.26
2.00%
Page 59 of 164
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Envision
®
Jim & Susan
Long Positions
Asset Class Sub Type
Total:
$ 2,208,912.93
Current
100.00%
$ 2,208,912.93
Strategic
100.00%
Difference
$ 0.00
0.00%
‡ The REIT (or REIT Equity based on asset class) category may contain Master Limited Partnerships (MLPs) due to a statistical relationship which represents how closely two variables (REITS and MLPs in this case) track each other's movement or
price changes.
Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value
Strategic Allocation illustrates how much of an investor's portfolio should be allocated to the various asset classes based on the recommended investment plan.
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the
Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of
experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
Your current portfolio allocation may classify assets based on the underlying holdings of global and balanced funds, ETFs, and UITs. Where underlying holdings are not available for classification, the asset class assigned to that security is used.
Balanced funds generally invest in both stocks and bonds. Global funds generally invest in both international and domestic securities. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When
repositioning assets within your portfolio, it is important to note that underlying holdings of funds, ETFs and UIT shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs, and UITs.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where underlying holdings are not
available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
Totals may not equal calculated amounts due to rounding differences.
The Disclosures include definitions of the terms on this page and other detailed information.
Market Values are based on closing prices and positions as of 12/5/2011 for security level holdings.
If we have included or if you have provided us with information on accounts managed by an affiliate of Wells Fargo Advisors, including fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority
to manage or influence the management of such accounts. With respect to such accounts, the Strategic Allocation and Differences listed on this page are for information purposes only and should not be considered a recommendation from Wells
Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts may differ from our affiliates.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 60 of 164
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Envision
®
Jim & Susan
Current vs Strategic Allocation - Asset Class Detail
Current
Conservative Growth
Large Cap Growth (37.85%)
Large Cap Growth (14.00%)
Large Cap Value (4.88%)
Large Cap Value (14.00%)
Large Cap Blend (19.52%)
Mid Cap Growth (5.00%)
Mid Cap Growth (9.41%)
Mid Cap Value (5.00%)
Mid Cap Value (0.08%)
Small Cap Growth (4.00%)
Small Cap Growth (0.45%)
Small Cap Value (4.00%)
Small Cap Value (1.77%)
International Equity (10.00%)
Small Cap Blend (9.68%)
Emerging Market Equity (8.00%)
International Equity (6.20%)
Short Term Taxable Fixed Income (8.00%)
Emerging Market Equity (0.67%)
Intermediate Taxable Fixed Income (14.00%)
Intermediate Taxable Fixed Income (0.00%)
Long Term Taxable Fixed Income (4.00%)
Long Term Taxable Fixed Income (0.04%)
High Yield Fixed Income (2.00%)
REIT Equity (0.02%)
REIT Equity (2.00%)
Other (0.10%)
Commodities (4.00%)
Cash Alternative (9.33%)
Cash Alternative (2.00%)
Average Return:
8.7%
Downside Risk: -12.5%
Average Return:
Downside Risk:
8.3%
-8.1%
On this Current vs Strategic Allocation report, funds, ETFs and UITs that have balanced or global allocations may be assigned to multiple asset classes based on
their underlying holdings.
Long Positions
Asset Class Detail
Large Cap Growth
Large Cap Value
Large Cap Blend
Mid Cap Growth
Mid Cap Value
Small Cap Growth
Small Cap Value
Small Cap Blend
International Equity
Emerging Market Equity
12/06/2011
$ 836,083.80
$ 107,762.66
$ 431,155.08
$ 207,889.34
$ 1,666.66
$ 9,958.04
$ 39,153.81
$ 213,872.22
$ 136,904.04
$ 14,762.83
Current
37.85%
4.88%
19.52%
9.41%
0.08%
0.45%
1.77%
9.68%
6.20%
0.67%
$ 309,247.81
$ 309,247.81
$ 0.00
$ 110,445.65
$ 110,445.65
$ 88,356.52
$ 88,356.52
$ 0.00
$ 220,891.29
$ 176,713.03
Strategic
14.00%
14.00%
0.00%
5.00%
5.00%
4.00%
4.00%
0.00%
10.00%
8.00%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Difference
$ - 526,835.99
- 23.85%
$ 201,485.15
9.12%
$ - 431,155.08
- 19.52%
$ - 97,443.70
- 4.41%
$ 108,778.99
4.92%
$ 78,398.48
3.55%
$ 49,202.70
2.23%
$ - 213,872.22
- 9.68%
$ 83,987.25
3.80%
$ 161,950.20
7.33%
Page 61 of 164
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®
Jim & Susan
Long Positions
Asset Class Detail
Short Term Taxable Fixed Income
Intermediate Taxable Fixed Income
Long Term Taxable Fixed Income
High Yield Fixed Income
‡
REIT Equity
Commodities
Other
Cash Alternative
Total:
$ 0.00
$ 38.10
$ 909.00
$ 0.00
Current
0.00%
0.00%
0.04%
0.00%
$ 176,713.03
$ 309,247.81
$ 88,356.52
$ 44,178.26
Strategic
8.00%
14.00%
4.00%
2.00%
Difference
$ 176,713.03
8.00%
$ 309,209.71
14.00%
$ 87,447.51
3.96%
$ 44,178.26
2.00%
$ 512.23
0.02%
$ 44,178.26
2.00%
$ 43,666.03
1.98%
$ 0.00
$ 2,256.93
$ 205,988.17
$ 2,208,912.93
0.00%
0.10%
9.33%
100.00%
$ 88,356.52
$ 0.00
$ 44,178.26
$ 2,208,912.93
4.00%
0.00%
2.00%
100.00%
$ 88,356.52
$ - 2,256.93
$ - 161,809.91
$ 0.00
4.00%
- 0.10%
- 7.33%
0.00%
‡ The REIT (or REIT Equity based on asset class) category may contain Master Limited Partnerships (MLPs) due to a statistical relationship which represents how closely two variables (REITS and MLPs in this case) track each other's movement or
price changes.
Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value
Strategic Allocation illustrates how much of an investor's portfolio should be allocated to the various asset classes based on the recommended investment plan.
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the
Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of
experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
Your current portfolio allocation may classify assets based on the underlying holdings of global and balanced funds, ETFs, and UITs. Where underlying holdings are not available for classification, the asset class assigned to that security is used.
Balanced funds generally invest in both stocks and bonds. Global funds generally invest in both international and domestic securities. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When
repositioning assets within your portfolio, it is important to note that underlying holdings of funds, ETFs and UIT shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs, and UITs.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where underlying holdings are not
available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
Totals may not equal calculated amounts due to rounding differences.
The Disclosures include definitions of the terms on this page and other detailed information.
Market Values are based on closing prices and positions as of 12/5/2011 for security level holdings.
If we have included or if you have provided us with information on accounts managed by an affiliate of Wells Fargo Advisors, including fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority
to manage or influence the management of such accounts. With respect to such accounts, the Strategic Allocation and Differences listed on this page are for information purposes only and should not be considered a recommendation from Wells
Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts may differ from our affiliates.
12/06/2011
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Current vs Strategic Allocation - Asset Class Detail with Securities
On this Current vs Strategic Allocation report, funds, ETFs and UITs that have balanced or global allocations may be assigned to multiple asset classes based on
their underlying holdings.
Long Positions
Asset Class Detail
Large Cap Growth
APPLE INC
CATERPILLAR INC
GROWTH FUND AMERICA FD A
HOME DEPOT INC
MICROSOFT CORP
NEW ECONOMY FD SBI CL A
SMALLCAP WORLD FUND CL A
Current
$ 836,083.80 37.85%
$ 89,373.84
4.05%
$ 37,425.07
1.69%
$ 517,721.95 23.44%
$ 13,289.51
0.60%
$ 24,645.19
1.12%
$ 152,811.33
6.92%
$ 816.91
0.04%
Strategic
$ 309,247.81 14.00%
$ 107,762.66
$ 12,537.61
$ 25,437.90
$ 12,957.64
$ 540.41
$ 56,289.10
4.88%
0.57%
1.15%
0.59%
0.02%
2.55%
$ 309,247.81
14.00%
Large Cap Blend
DAVIS NY VENTURE FD CL A
HARTFORD CAP APPREC FD-A
$ 431,155.08
$ 182,384.47
$ 248,770.61
19.52%
8.26%
11.26%
$ 0.00
0.00%
Mid Cap Growth
HARTFORD MID CAP FD CL-A
SMALLCAP WORLD FUND CL A
9.41%
8.99%
0.42%
$ 110,445.65
5.00%
$ - 97,443.70
- 4.41%
12.1%
$ 207,889.34
$ 198,633.68
$ 9,255.66
Mid Cap Value
SMALLCAP WORLD FUND CL A
$ 1,666.66
$ 1,666.66
0.08%
0.08%
$ 110,445.65
5.00%
$ 108,778.99
4.92%
2.2%
$ 9,958.04
0.45%
$ 88,356.52
4.00%
$ 78,398.48
3.55%
Large Cap Value
ALCOA INC
CHEVRON CORPORATION
LOWES COMPANIES INC
SMALLCAP WORLD FUND CL A
WELLS FARGO COMPANY
Small Cap Growth
12/06/2011
% of Fund
1.1%
0.7%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Difference
$ - 526,835.99 - 23.85%
$ 201,485.15
9.12%
$ - 431,155.08 - 19.52%
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Jim & Susan
Long Positions
Asset Class Detail
SMALLCAP WORLD FUND CL A
% of Fund
13.0%
Current
$ 9,958.04
0.45%
Strategic
Difference
$ 39,153.81
$ 35,289.25
$ 3,864.56
1.77%
1.60%
0.18%
$ 88,356.52
4.00%
$ 49,202.70
2.23%
Small Cap Blend
KEELEY S/C VALU FD CL-A
$ 213,872.22
$ 213,872.22
9.68%
9.68%
$ 0.00
0.00%
$ - 213,872.22
- 9.68%
International Equity
SMALLCAP WORLD FUND CL A
TEMPLETON FOREIGN FD A
$ 136,904.04
$ 25,791.68
$ 111,112.36
6.20%
1.17%
5.03%
$ 220,891.29
10.00%
$ 83,987.25
3.80%
$ 14,762.83
$ 14,762.83
0.67%
0.67%
$ 176,713.03
8.00%
$ 161,950.20
7.33%
$ 0.00
0.00%
$ 176,713.03
8.00%
$ 176,713.03
8.00%
0.00%
0.00%
$ 309,247.81
14.00%
$ 309,209.71
14.00%
Small Cap Value
OFFICE DEPOT INC
SMALLCAP WORLD FUND CL A
Emerging Market Equity
SMALLCAP WORLD FUND CL A
5.1%
33.8%
19.3%
Short Term Taxable Fixed Income
Intermediate Taxable Fixed Income
SMALLCAP WORLD FUND CL A
0.0%
$ 38.10
$ 38.10
Long Term Taxable Fixed Income
SMALLCAP WORLD FUND CL A
$ 909.00
$ 909.00
0.04%
0.04%
$ 88,356.52
4.00%
$ 87,447.51
3.96%
1.2%
$ 0.00
0.00%
$ 44,178.26
2.00%
$ 44,178.26
2.00%
$ 512.23
0.02%
$ 44,178.26
2.00%
$ 43,666.03
1.98%
$ 512.23
0.02%
$ 0.00
0.00%
$ 88,356.52
4.00%
$ 88,356.52
4.00%
$ 2,256.93
$ 2,256.93
0.10%
0.10%
$ 0.00
0.00%
$ - 2,256.93
- 0.10%
High Yield Fixed Income
‡
REIT Equity
SMALLCAP WORLD FUND CL A
0.7%
Commodities
Other
SMALLCAP WORLD FUND CL A
12/06/2011
3.0%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Long Positions
Asset Class Detail
% of Fund
Cash Alternative
Cash Alternative
SMALLCAP WORLD FUND CL A
Total :
7.8%
Current
$ 205,988.17
9.33%
$ 200,000.00
9.05%
$ 5,988.17
0.27%
$ 2,208,912.93 100.00%
Strategic
$ 44,178.26
Difference
2.00%
$ - 161,809.91
- 7.33%
$ 2,208,912.93 100.00%
$ 0.00
0.00%
‡ The REIT (or REIT Equity based on asset class) category may contain Master Limited Partnerships (MLPs) due to a statistical relationship which represents how closely two variables (REITS and MLPs in this case) track each other's movement or
price changes.
Your current portfolio allocation may classify assets based on the underlying holdings of global and balanced funds, ETFs, and UITs. Where underlying holdings are not available for classification, the asset class assigned to that security is used.
Balanced funds generally invest in both stocks and bonds. Global funds generally invest in both international and domestic securities. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When
repositioning assets within your portfolio, it is important to note that underlying holdings of funds, ETFs and UIT shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs, and UITs.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where underlying holdings are not
available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
Totals may not equal calculated amounts due to rounding differences.
The Disclosures include definitions of the terms on this page and other detailed information. The securities detail can include information that you have provided and information based on our records. Our firm assumes no responsibility for the
accuracy or completeness of the information you provided.
Market Values are based on closing prices and positions as of 12/5/2011 for security level holdings.
If we have included or if you have provided us with information on accounts managed by an affiliate of Wells Fargo Advisors, including fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority
to manage or influence the management of such accounts. With respect to such accounts, the Strategic Allocation and Differences listed on this page are for information purposes only and should not be considered a recommendation from Wells
Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts may differ from our affiliates.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Current vs Strategic - Efficient Frontier
10
Long Term Growth
Average Return (%)
Moderate Growth
9
Long Term Growth & Income
Conservative Growth
8
Moderate Growth & Income
Long Term Income
Conservative Growth & Income
7
Moderate Income
Conservative Income
6
5
1
4
7
10
13
Downside Risk (%)
Average Return:
Downside Risk:
Current Allocation
8.7%
-12.5%
Conservative Growth
8.3%
-8.1%
Your Recommended Investment Plan Result was calculated assuming that you will modify your strategic asset allocations, if applicable, throughout the life of the plan. The recommended strategic asset allocation reflected on this page illustrates the
current recommended strategic allocation. Future allocations are illustrated on the Age Based Asset Allocation page.
Each Strategic Allocation has a Historical Return and level of Downside Risk. An "efficient" portfolio allocation is designed to seek the maximum rate of return for the amount of risk assumed. The Efficient Frontier is created to represent the optimal
rate of return attainable for any determined level of risk. In theory, the closer your portfolio allocation came to the efficient frontier, the more return you received for the amount of risk you assumed.
The information shown is based on asset class data through 05/2010. Risk and return figures are derived from both historical observation and standard investment industry statistical calculations. For risk and return information, please see the
Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of
experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.
The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, and UITs. For funds in alternative investment strategies and where underlying holdings are not
available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.
12/06/2011
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Account Summary
On this Account Summary report, funds, ETFs and UITs that have balanced or global allocations may be assigned to multiple asset classes based on their
underlying holdings.
88888888 (John's 529) (EXTERNAL)
Asset Allocation
Large Cap Growth (29.90%)
Large Cap Blend (25.03%)
Small Cap Blend (29.99%)
International Equity (15.08%)
Security Level - Long Positions
Name
DAVIS NY VENTURE FD CL A
GROWTH FUND AMERICA FD A
HARTFORD CAP APPREC FD-A
KEELEY S/C VALU FD CL-A
TEMPLETON FOREIGN FD A
Long Mkt Value:
Short Mkt Value:
Cash Alternative Balance:
Account Value:
Amount
%
$ 19,758.32
$ 39,590.50
$ 13,391.38
$ 39,719.13
$ 19,969.50
14.92
29.90
10.11
29.99
15.08
$ 132,428.83
$ 0.00
$ 0.00
$ 132,428.83
88888888 (Sara's 529) (EXTERNAL)
Asset Allocation
Large Cap Growth (29.90%)
Large Cap Blend (19.98%)
Small Cap Blend (30.00%)
International Equity (20.11%)
Security Level - Long Positions
Name
DAVIS NY VENTURE FD CL A
GROWTH FUND AMERICA FD A
HARTFORD CAP APPREC FD-A
KEELEY S/C VALU FD CL-A
TEMPLETON FOREIGN FD A
Long Mkt Value:
Short Mkt Value:
Cash Alternative Balance:
Account Value:
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Amount
%
$ 10,639.09
$ 21,317.96
$ 3,605.37
$ 21,387.22
$ 14,337.08
14.92
29.90
5.06
30.00
20.11
$ 71,286.72
$ 0.00
$ 0.00
$ 71,286.72
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88888888 (Joint Account) (EXTERNAL)
Asset Allocation
Large Cap Growth (10.15%)
Large Cap Value (6.39%)
Small Cap Value (4.01%)
Cash Alternative (79.46%)
Security Level - Long Positions
Name
Amount
%
APPLE INC
OFFICE DEPOT INC
$ 25,535.38
$ 10,082.64
10.15
4.01
WELLS FARGO COMPANY
$ 16,082.60
6.39
Long Mkt Value:
Short Mkt Value:
Cash Alternative Balance:
Account Value:
$ 51,700.62
$ 0.00
$ 200,000.00
$ 251,700.62
88888888 (Jim's Profit Share Plan) (EXTERNAL)
Asset Allocation
Large Cap Growth (40.75%)
Large Cap Value (0.04%)
Large Cap Blend (25.62%)
Mid Cap Growth (13.88%)
Mid Cap Value (0.11%)
Small Cap Growth (0.66%)
Small Cap Value (0.26%)
Small Cap Blend (10.20%)
International Equity (6.85%)
Emerging Market Equity (0.99%)
Intermediate Taxable Fixed Income (0.00%)
Long Term Taxable Fixed Income (0.06%)
REIT Equity (0.03%)
Other (0.15%)
Cash Alternative (0.40%)
12/06/2011
Security Level - Long Positions
Name
DAVIS NY VENTURE FD CL A
GROWTH FUND AMERICA FD A
HARTFORD CAP APPREC FD-A
HARTFORD MID CAP FD CL-A
KEELEY S/C VALU FD CL-A
NEW ECONOMY FD SBI CL A
SMALLCAP WORLD FUND CL A
TEMPLETON FOREIGN FD A
Long Mkt Value:
Short Mkt Value:
Cash Alternative Balance:
Account Value:
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Amount
%
$ 151,987.06
$ 456,813.49
$ 231,773.86
$ 198,633.68
$ 152,765.87
$ 152,811.33
$ 76,361.20
$ 76,805.78
10.15
30.50
15.47
13.26
10.20
10.20
5.10
5.13
$ 1,497,952.27
$ 0.00
$ 0.00
$ 1,497,952.27
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88888888 (Susan's IRA) (EXTERNAL)
Asset Allocation
Large Cap Growth (54.47%)
Large Cap Value (35.66%)
Small Cap Value (9.86%)
Security Level - Long Positions
Name
Amount
%
ALCOA INC
APPLE INC
$ 12,537.61
$ 63,838.46
4.91
24.98
CATERPILLAR INC
CHEVRON CORPORATION
HOME DEPOT INC
LOWES COMPANIES INC
MICROSOFT CORP
OFFICE DEPOT INC
WELLS FARGO COMPANY
$ 37,425.07
$ 25,437.90
$ 13,289.51
$ 12,957.64
$ 24,645.19
$ 25,206.61
$ 40,206.50
14.65
9.95
5.20
5.07
9.64
9.86
15.73
Long Mkt Value:
Short Mkt Value:
Cash Alternative Balance:
Account Value:
Security-Level Holdings:
Asset Class-Level Holdings:
Asset Class and Security Level Holdings:
Total Holdings:
$ 255,544.49
$ 0.00
$ 0.00
$ 255,544.49
$2,208,912.93
$0.00
$0.00
$2,208,912.93
As an accommodation to you, we have included assets held away from our firm in external accounts. We assume no responsibility for the accuracy or completeness of the information you have
provided with respect to these assets. We make no representation that we have performed due diligence on these assets. In some cases, we may update the pricing of securities. However, in some
cases, the prices may not be updated. In addition, any transactions involving these assets will not be reflected unless you provide updated information. We rely on you to provide information in order
to update the values of your external accounts. The accuracy and completeness of the information you provide may materially affect the results and any recommendations contained in this report.
Your current portfolio allocation may classify assets based on the underlying holdings of global and balanced funds, ETFs, and UITs. Where underlying holdings are not available for classification,
the asset class assigned to that security is used. Balanced funds generally invest in both stocks and bonds. Global funds generally invest in both international and domestic securities. Underlying
classification data is updated periodically and the frequency of updates will vary by fund. When repositioning assets within your portfolio, it is important to note that underlying holdings of funds, ETFs
and UIT shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs, and UITs.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Range of Simulation Possible Outcomes
Results shown in Actual dollars
Percentile
Year 5
Year 10
Year 15
Year 20
Year 25
At Death
Recommended
Best
$4,886,915
$7,640,219
$12,375,344
$17,640,360
$24,869,753
$70,903,539
25th
$3,937,684
$5,670,742
$7,905,019
$10,750,958
$14,163,639
$33,991,658
50th
$3,438,938
$4,494,286
$5,906,183
$7,382,520
$9,311,980
$18,815,575
75th
$3,007,515
$3,615,193
$4,340,571
$4,734,568
$5,323,310
$7,483,141
Worst
$2,453,596
$2,503,456
$2,631,338
$2,378,378
$1,629,275
$-4,084,694
The range of results are based upon the assumption that you implement the
Strategic or Custom Allocation and continue with the savings and/or spending
patterns you have indicated. These potential outcomes are also based upon
the historical information regarding asset classes discussed in the Disclosures.
These results are intended to provide you with an opportunity to evaluate your
Recommended Investment Plan, including your asset allocation.
•
The Best case scenario indicates that in 5% of the simulations the
investment plan achieved at least the corresponding Ending Plan
Wealth.
•
The Median case scenario indicates that in 50% of the simulations
the investment plan achieved at least the corresponding Ending
Plan Wealth.
Envision stress tests your Recommended Investment Plan with 1,000
simulations. The above table represents various scenarios from the Best to the
Worst case for this investment plan.
•
The Worst case scenario indicates that in 95% of the simulations
the investment plan achieved at least the corresponding Ending
Plan Wealth.
There is no guarantee these results will be achieved. The At Death column
is based on either your life expectancy using standard mortality tables, or an
alternative age you have indicated. Please be sure to inform us of changes to
your goals, savings and spending patterns so we can incorporate changes into
your Recommended Investment Plan.
12/06/2011
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Growth Detail Graph
Results shown in Actual dollars
$75,000,000
$60,000,000
Investments
$45,000,000
$30,000,000
$15,000,000
$0
-$15,000,000
52
55
58
61
64
67
70
73
76
79
82
85
88
91
94
97
Age (Susan Taylor)
Using Monte Carlo simulation, Envision simulates one thousand different potential outcomes over a lifetime of investing. This graph reflects the range of results of
the simulated trials based on your Recommended Investment Plan. It graphically displays every tenth trial, (from the 5th through the 95th), and also identifies which
"target" trial simulated the minimum ending value needed for the plan to achieve its stated goals. While this diagram depicts a wide range of possible outcomes,
there is no assurance that your actual investment plan will fall within this range.
12/06/2011
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Growth Detail Percentile Rankings
Results shown in Actual dollars
12/06/2011
Percentile
Ending Value
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
$198,598,073
$111,570,814
$92,118,149
$83,338,190
$76,657,733
$70,903,539
$67,951,746
$65,295,062
$62,310,047
$59,985,764
$58,123,758
$55,146,339
$53,082,720
$51,967,574
$50,400,031
$47,755,579
$45,511,432
$43,711,533
$42,342,005
$40,295,905
$39,126,754
$38,299,831
$37,221,997
$36,374,496
$35,188,454
$33,991,658
$33,258,010
$32,744,491
$31,853,978
$30,634,750
$29,950,450
$29,221,970
$28,569,956
$27,840,571
Age (Susan)
Investment Assets
are Depleted
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Average Annual
Simulated Return
13.43%
11.92%
11.32%
10.93%
10.43%
10.83%
10.47%
10.36%
10.50%
10.37%
10.13%
10.35%
9.72%
9.76%
9.80%
9.80%
9.82%
9.59%
9.61%
9.36%
9.50%
9.28%
9.37%
9.26%
9.11%
8.98%
9.01%
9.36%
8.72%
9.73%
9.10%
8.94%
9.14%
9.25%
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Jim & Susan
Percentile
Ending Value
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
$27,221,509
$26,411,703
$25,578,457
$25,227,329
$24,751,884
$24,312,943
$24,044,637
$23,658,461
$23,273,387
$22,583,679
$21,508,222
$21,198,419
$20,558,779
$20,213,991
$19,686,028
$19,312,803
$18,815,575
$18,177,114
$17,499,412
$16,722,082
$16,242,507
$16,005,113
$15,378,873
$14,964,878
$14,564,720
$14,044,478
$13,764,920
$13,344,688
$12,933,905
$12,339,198
$11,879,770
$11,592,857
$11,263,009
$10,953,659
$10,767,556
$10,199,618
$9,894,648
Age (Susan)
Investment Assets
are Depleted
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Average Annual
Simulated Return
8.93%
9.07%
8.19%
9.17%
8.75%
7.97%
8.41%
7.99%
9.45%
8.44%
8.09%
8.55%
7.81%
8.51%
8.22%
8.17%
7.85%
7.86%
8.01%
8.02%
8.27%
7.46%
8.32%
7.64%
7.59%
7.63%
9.04%
7.85%
7.69%
7.95%
7.50%
8.12%
7.16%
7.24%
7.26%
8.76%
7.08%
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Jim & Susan
Average Annual
Simulated Return
Ending Value
71
72
73
74
75
76
77
78
79
80
81
$9,498,849
$9,103,494
$8,645,876
$7,995,447
$7,483,141
$6,972,325
$6,386,313
$6,055,036
$5,566,501
$4,926,361
$4,204,685
7.17%
6.86%
6.93%
6.92%
6.70%
6.37%
7.31%
7.69%
6.87%
5.57%
7.59%
$3,549,597
6.54%
$2,803,525
$2,358,409
$1,256,922
$750,156
$258
$-428,209
$-927,891
$-1,693,504
$-2,036,381
$-2,482,857
$-2,935,463
$-3,557,386
$-4,084,694
$-4,549,969
$-5,253,202
$-5,916,020
$-6,928,624
$-9,157,715
7.28%
7.42%
6.49%
5.84%
5.92%
5.36%
6.52%
7.03%
5.06%
6.51%
7.04%
5.56%
5.59%
4.48%
5.08%
5.30%
4.91%
5.29%
Target
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
+
Age (Susan)
Investment Assets
are Depleted
Percentile
+
94
93
90
89
88
87
85
84
83
81
80
77
73
Target Percentile represents the last trial that simulates the achievement of the plan's stated goals.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 74 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
The Percentile Rankings is a table representation of the Growth Detail Chart. It displays one hundred and one of the one thousand Monte Carlo simulations.
Percentile column displays every tenth trial from the highest ending value to the lowest ending value.
Ending Value for each Percentile is the corresponding ending investment value.
Age Investment Assets are Depleted is the age of the longest surviving client when the assets first drop below zero and never return to a positive balance.
Average Annual Simulated Return is based on the simulations associated with a specific Percentile, and represents the average return the simulation displayed
for that trial.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 75 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Total Investment Plan Target Values - Recommended Investment Plan
Results shown in Actual dollars
Year
Jim's Age
Susan's Age
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
12/06/2011
Net Need/
Surplus($)
75,000
31,874
30,796
29,691
- 4,831
40,776
39,920
39,043
- 415,177
- 189,841
- 79,667
- 81,284
- 82,941
- 84,639
- 86,380
- 170,046
- 173,923
- 177,896
- 181,968
- 171,142
- 175,421
- 179,806
- 184,302
- 188,909
- 193,632
- 198,473
- 203,434
- 208,520
- 213,733
- 219,077
- 224,554
Gain/
Loss($)
22,733
289,354
- 156,822
277,719
1,131,481
- 494,896
728,806
360,118
691,299
449,062
- 184,568
252,478
56,004
215,214
- 96,504
- 446,847
276,491
636,780
1,107,667
- 467,714
- 6,242
327,387
211,391
- 10,018
384,662
306,612
273,474
- 417,348
245,789
456,148
965,452
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Taxes($)
- 2,702
- 11,091
- 3,351
- 3,332
- 49,891
- 5,172
- 7,153
- 16,624
- 29,250
- 9,537
- 39,744
- 40,546
- 41,368
- 42,210
- 43,074
- 70,699
- 72,275
- 73,890
- 75,545
- 69,440
- 71,176
- 72,955
- 74,779
- 76,649
- 78,565
- 80,529
- 82,542
- 84,606
- 86,721
- 88,889
- 91,111
Ending Goal
Value($)
2,303,944
2,614,081
2,484,704
2,788,782
3,865,542
3,406,250
4,167,822
4,550,360
4,797,231
5,046,916
4,742,937
4,873,585
4,805,280
4,893,645
4,667,687
3,980,094
4,010,388
4,395,382
5,245,535
4,537,239
4,284,401
4,359,025
4,311,336
4,035,759
4,148,225
4,175,834
4,163,332
3,452,858
3,398,192
3,546,375
4,196,161
Page 76 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Year
Jim's Age
Susan's Age
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
83
84
85
86
87
88
89
90
91
92
93
94
95
83
84
85
86
87
88
89
90
91
92
93
94
95
Net Need/
Surplus($)
- 230,167
- 235,922
- 241,820
- 247,865
- 254,062
- 260,413
- 266,924
- 273,597
- 280,437
- 187,448
- 333,258
- 341,590
- 350,129
Gain/
Loss($)
554,625
87,282
- 9,224
392,742
697,238
1,063,744
1,131,205
- 37,040
252,192
603,286
- 286,034
165,976
- 146,908
Taxes($)
- 93,389
- 95,724
- 98,117
- 100,570
- 103,084
- 105,661
- 120,085
- 148,541
- 141,760
- 147,490
- 169,640
- 145,796
- 142,161
Ending Goal
Value($)
4,427,229
4,182,866
3,833,705
3,878,012
4,218,104
4,915,773
5,659,970
5,200,792
5,030,788
5,299,137
4,510,205
4,188,795
3,549,597
Total Investment Plan Target Values reflect the possible cash flow elements of your Recommended Investment Plan. This is based upon information you provided, tax assumptions, and the simulation results. Because this information is subject to change,
your actual cash flows and results will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 77 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Target Investment Plan Tax Treatment - Recommended Investment Plan
Results shown in Actual dollars
Year
Jim's Age
Susan's
Age
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
12/06/2011
Ending
Goal
Value($)
2,303,944
2,614,081
2,484,704
2,788,782
3,865,542
3,406,250
4,167,822
4,550,360
4,797,231
5,046,916
4,742,937
4,873,585
4,805,280
4,893,645
4,667,687
3,980,094
4,010,388
4,395,382
5,245,535
4,537,239
4,284,401
4,359,025
4,311,336
4,035,759
4,148,225
4,175,834
4,163,332
3,452,858
3,398,192
3,546,375
4,196,161
Taxable
Assets($)
271,589
314,607
312,382
363,966
481,745
434,897
532,303
545,716
129,194
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Tax
Tax Advantaged
Advantaged
Education($)
Assets($)*
2,032,355
205,812
2,299,474
188,534
2,172,321
133,020
2,424,817
102,579
3,383,796
64,366
2,971,353
21,902
3,635,520
0
4,004,644
0
4,668,037
0
5,046,917
0
4,742,937
0
4,873,586
0
4,805,280
0
4,893,645
0
4,667,687
0
3,980,094
0
4,010,388
0
4,395,382
0
5,245,535
0
4,537,239
0
4,284,401
0
4,359,026
0
4,311,336
0
4,035,759
0
4,148,224
0
4,175,834
0
4,163,332
0
3,452,857
0
3,398,192
0
3,546,375
0
4,196,162
0
Net RMD($)
117,739
143,406
129,620
127,274
134,102
137,820
134,780
143,349
150,433
156,001
136,630
140,442
152,664
Gain/
Loss($)
Taxes($)
Effective
Tax Rate%
22,733
289,354
- 156,822
277,719
1,131,481
- 494,896
728,806
360,118
691,299
449,062
- 184,568
252,478
56,004
215,214
- 96,504
- 446,847
276,491
636,780
1,107,667
- 467,714
- 6,242
327,387
211,391
- 10,018
384,662
306,612
273,474
- 417,348
245,789
456,148
965,452
- 2,702
- 11,091
- 3,351
- 3,332
- 49,891
- 5,172
- 7,153
- 16,624
- 29,250
- 9,537
- 39,744
- 40,546
- 41,368
- 42,210
- 43,074
- 70,699
- 72,275
- 73,890
- 75,545
- 69,440
- 71,176
- 72,955
- 74,779
- 76,649
- 78,565
- 80,529
- 82,542
- 84,606
- 86,721
- 88,889
- 91,111
27.73
28.03
28.51
28.54
29.97
28.76
28.86
29.27
29.68
13.59
25.85
25.83
25.82
25.80
25.78
25.77
25.75
25.74
25.72
25.06
25.06
25.06
25.06
25.06
25.06
25.06
25.06
25.06
25.06
25.06
25.06
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Net Cash
Flow($)
75,000
31,874
30,796
29,691
- 4,831
40,776
39,920
39,043
- 415,177
- 189,841
- 79,667
- 81,284
- 82,941
- 84,639
- 86,380
- 170,046
- 173,923
- 177,896
- 181,968
- 171,142
- 175,421
- 179,806
- 184,302
- 188,909
- 193,632
- 198,473
- 203,434
- 208,520
- 213,733
- 219,077
- 224,554
Page 78 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Year
Jim's Age
Susan's
Age
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
83
84
85
86
87
88
89
90
91
92
93
94
95
83
84
85
86
87
88
89
90
91
92
93
94
95
Ending
Goal
Value($)
4,427,229
4,182,866
3,833,705
3,878,012
4,218,104
4,915,773
5,659,970
5,200,792
5,030,788
5,299,137
4,510,205
4,188,795
3,549,597
Taxable
Assets($)
0
0
0
0
0
0
22,639
94,856
150,031
311,590
311,410
296,890
246,734
Tax
Tax Advantaged
Advantaged
Education($)
Assets($)*
4,427,230
0
4,182,866
0
3,833,705
0
3,878,012
0
4,218,104
0
4,915,773
0
5,637,331
0
5,105,937
0
4,880,757
0
4,987,546
0
4,198,794
0
3,891,905
0
3,302,863
0
Net RMD($)
Gain/
Loss($)
Taxes($)
Effective
Tax Rate%
187,006
205,987
204,539
197,756
209,990
238,335
290,094
347,261
332,785
336,102
353,649
317,846
312,204
554,625
87,282
- 9,224
392,742
697,238
1,063,744
1,131,205
- 37,040
252,192
603,286
- 286,034
165,976
- 146,908
- 93,389
- 95,724
- 98,117
- 100,570
- 103,084
- 105,661
- 120,085
- 148,541
- 141,760
- 147,490
- 169,640
- 145,796
- 142,161
25.06
25.06
25.06
25.06
25.06
25.06
25.69
26.73
26.34
26.36
29.96
28.69
28.44
Net Cash
Flow($)
- 230,167
- 235,922
- 241,820
- 247,865
- 254,062
- 260,413
- 266,924
- 273,597
- 280,437
- 187,448
- 333,258
- 341,590
- 350,129
*Tax Advantaged Assets are a sum of tax deferred, tax exempt and tax advantaged education assets.
Target Investment Plan Tax Treatment details cash flows and Ending Goal Values for your Recommended Investment Plan. This is based upon information you provided, tax assumptions, and the simulation results. Because this information is subject
to change, your actual cash flows and results will differ. Please note that these calculations are hypothetical and do not replace actual required minimum distribution calculations which should be made each year on an individualized basis. You should
periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 79 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Target Taxable Investment Plan Value - Recommended Investment Plan
Results shown in Actual dollars
Year
Jim's Age
Susan's Age
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
12/06/2011
Taxable
Assets($)
271,589
314,607
312,382
363,966
481,745
434,897
532,303
545,716
129,194
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Portfolio
Income($)
6,618
7,141
8,272
8,214
9,570
12,667
11,435
13,997
14,349
3,397
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Appreciation($)
Taxes($)
- 4,028
26,968
- 27,146
26,701
138,100
- 74,344
81,616
31,996
68,556
8,697
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
- 2,702
- 11,092
- 3,351
- 3,332
- 49,891
- 5,172
- 7,153
- 16,624
- 29,251
- 1,180
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Net Cash
Flow($)
20,000
20,000
20,000
20,000
20,000
20,000
11,508
- 15,957
- 470,178
- 140,108
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Page 80 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Year
Jim's Age
Susan's Age
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
86
87
88
89
90
91
92
93
94
95
86
87
88
89
90
91
92
93
94
95
Taxable
Assets($)
0
0
0
22,639
94,856
150,031
311,590
311,410
296,890
246,734
Portfolio
Income($)
0
0
0
0
595
2,494
3,945
8,193
8,188
7,807
Appreciation($)
Taxes($)
0
0
0
0
- 743
2,105
14,047
- 25,012
3,272
- 18,219
0
0
0
- 531
- 1,299
- 1,773
- 5,085
- 3,752
- 2,236
- 1,817
Net Cash
Flow($)
0
0
0
23,171
73,664
52,349
148,654
20,390
- 23,744
- 37,926
Taxable Investment Plan Values details the gain/loss components (yield and appreciation) of your taxable assets, as well as, assumed income taxes for your Recommended Investment Plan. This is based upon information you provided, tax assumptions,
and the simulation results. Because this information is subject to change, your actual cash flows and results will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal
situation in order to keep your Recommended Investment Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 81 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Target Tax Advantaged Investment Plan Values - Recommended Investment Plan
Results shown in Actual dollars
Year
Jim's Age
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
12/06/2011
Susan's Tax Advantaged Tax Deferred
Age
Assets($)*
Assets($)
52
2,032,355
1,826,543
53
2,299,474
2,110,940
54
2,172,321
2,039,301
55
2,424,817
2,322,238
56
3,383,796
3,319,430
57
2,971,353
2,949,451
58
3,635,520
3,635,520
59
4,004,644
4,004,644
60
4,668,037
4,668,037
61
5,046,917
5,046,917
62
4,742,937
4,742,937
63
4,873,586
4,873,586
64
4,805,280
4,805,280
65
4,893,645
4,893,645
66
4,667,687
4,667,687
67
3,980,094
3,980,094
68
4,010,388
4,010,388
69
4,395,382
4,395,382
70
5,245,535
5,245,535
71
4,537,239
4,537,239
72
4,284,401
4,284,401
73
4,359,026
4,359,026
74
4,311,336
4,311,336
75
4,035,759
4,035,759
76
4,148,224
4,148,224
77
4,175,834
4,175,834
78
4,163,332
4,163,332
79
3,452,857
3,452,857
80
3,398,192
3,398,192
81
3,546,375
3,546,375
82
4,196,162
4,196,162
83
4,427,230
4,427,230
84
4,182,866
4,182,866
85
3,833,705
3,833,705
Tax Exempt Tax Advantaged
Assets($)
Education($)
0
205,812
0
188,534
0
133,020
0
102,579
0
64,366
0
21,902
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross Portfolio
Appreciation ($)
RMD($) Income($)
51,464
- 31,320
53,440
201,805
60,462
- 198,412
57,120
185,683
63,759
920,053
88,974
- 522,195
78,130
557,625
95,593
218,530
105,300
503,094
122,743
314,226
132,706
- 317,273
124,712
127,765
128,148
- 72,144
126,352
88,863
128,675
- 225,179
122,734
- 569,581
104,655
171,837
105,450
531,329
- 160,415 115,574
992,093
- 197,945 137,928
- 605,642
- 177,236 119,304
- 125,546
- 173,458 112,656
214,731
- 183,152 114,618
96,774
- 188,268 113,364
- 123,382
- 183,444 106,118
278,544
- 195,671 109,075
197,537
- 205,706 109,801
163,674
- 213,504 109,472
- 526,821
- 184,645 90,791
154,999
- 189,843 89,354
366,794
- 207,390 93,249
872,202
- 257,433 110,335
444,289
- 285,628 116,412
- 29,129
- 282,626 109,985
- 119,210
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Net Cash
Flow($)
0 55,000
0 11,874
0 10,796
0
9,691
0 - 24,831
0 20,776
0 28,412
0 55,000
0 55,000
- 8,356 - 49,733
- 39,744 - 79,667
- 40,546 - 81,284
- 41,368 - 82,941
- 42,210 - 84,639
- 43,074 - 86,380
- 70,699 - 170,046
- 72,275 - 173,923
- 73,890 - 177,896
- 75,546 - 181,968
- 69,440 - 171,143
- 71,176 - 175,421
- 72,956 - 179,806
- 74,779 - 184,301
- 76,648 - 188,909
- 78,565 - 193,632
- 80,529 - 198,472
- 82,542 - 203,435
- 84,606 - 208,520
- 86,721 - 213,734
- 88,890 - 219,077
- 91,111 - 224,554
- 93,389 - 230,167
- 95,723 - 235,921
- 98,117 - 241,819
Taxes($)
Page 82 of 164
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®
Jim & Susan
Year
Jim's Age
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
86
87
88
89
90
91
92
93
94
95
Susan's Tax Advantaged Tax Deferred
Age
Assets($)*
Assets($)
86
3,878,012
3,878,012
87
4,218,104
4,218,104
88
4,915,773
4,915,773
89
5,637,331
5,637,331
90
5,105,937
5,105,937
91
4,880,757
4,880,757
92
4,987,546
4,987,546
93
4,198,794
4,198,794
94
3,891,905
3,891,905
95
3,302,863
3,302,863
Tax Exempt Tax Advantaged
Assets($)
Education($)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross Portfolio
Net Cash
Appreciation ($) Taxes($)
RMD($) Income($)
Flow($)
- 271,894 100,805
291,937 - 100,570 - 247,865
- 289,404 101,970
595,268 - 103,084 - 254,061
- 332,134 110,912
952,831 - 105,661 - 260,413
- 409,648 129,257
1,001,948 - 119,554 - 290,094
- 494,503 148,230
- 185,122 - 147,242 - 347,260
- 472,772 134,258
113,336 - 139,986 - 332,785
- 478,506 128,336
456,958 - 142,404 - 336,102
- 519,536 131,145
- 400,360 - 165,888 - 353,649
- 461,406 110,405
44,112 - 143,561 - 317,845
- 452,547 102,335
- 238,830 - 140,343 - 312,204
*Tax Advantaged Assets are a sum of tax deferred, tax exempt and tax advantaged education assets.
Tax Advantaged Investment Plan Values details the gain/loss components (yield and appreciation) of your tax advantaged assets, as well as, assumed income taxes from your Recommended Investment Plan. This is based upon information you
provided, tax assumptions, and the simulation results. Because this information is subject to change, your actual cash flows and results will differ. Please note that these calculations are hypothetical and do not replace actual required minimum
distribution calculations which should be made each year on an individualized basis. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your
Recommended Investment Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 83 of 164
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Envision
®
Jim & Susan
Summary of Cash Flows - Recommended Investment Plan
Results shown in Actual dollars
$360,000
$270,000
$180,000
$90,000
$0
($90,000)
($180,000)
($270,000)
($360,000)
($450,000)
($540,000)
52/52
57/57
62/62
67/67
72/72
77/77
82/82
87/87
92/92
Age (Jim / Susan)
Contributions and Income Sources
12/06/2011
Withdrawals and Ret. Income Need
Net Surplus/Need
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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®
Jim & Susan
Results shown in Actual dollars
The following table displays the detail of all planned contributions, withdrawals and income used in calculating the Investment Plan Result within Envision. The Total
Need or Surplus is displayed in the last column. Need is reflected as a negative amount signifying necessary withdrawals from your investment assets. Surplus is
reflected as a positive value signifying excess funds that would be added to your investment assets.
Year
Jim's
Age
Susan's
Age
Total($)
Withdrawals & Ret.
Income Need($)
Net($)
2011
52
52
75,000
0
75,000
0
75,000
2012
53
53
75,000
0
75,000
43,126
31,874
2013
54
54
75,000
0
75,000
44,204
30,796
2014
55
55
75,000
0
75,000
45,309
29,691
2015
56
56
75,000
0
75,000
79,831
- 4,831
2016
57
57
75,000
0
75,000
34,224
40,776
2017
58
58
75,000
0
75,000
35,080
39,920
2018
59
59
75,000
0
75,000
35,957
39,043
2019
60
60
75,000
0
75,000
490,177
- 415,177
2020
61
61
0
0
0
189,841
- 189,841
2021
62
62
0
114,545
114,545
194,212
- 79,667
2022
63
63
0
117,408
117,408
198,692
- 81,284
2023
64
64
0
120,344
120,344
203,284
- 82,940
2024
65
65
0
123,353
123,353
207,992
- 84,639
2025
66
66
0
126,435
126,435
212,816
- 86,381
2026
67
67
0
47,715
47,715
217,762
- 170,047
2027
68
68
0
48,908
48,908
222,831
- 173,923
2028
69
69
0
50,130
50,130
228,027
- 177,897
2029
70
70
0
51,384
51,384
233,352
- 181,968
2030
71
71
0
52,669
52,669
223,811
- 171,142
2031
72
72
0
53,985
53,985
229,406
- 175,421
2032
73
73
0
55,335
55,335
235,141
- 179,806
2033
74
74
0
56,718
56,718
241,020
- 184,302
2034
75
75
0
58,136
58,136
247,045
- 188,909
2035
76
76
0
59,589
59,589
253,222
- 193,633
12/06/2011
Contributions($) Income Sources($)
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Envision
®
Jim & Susan
2036
Jim's
Age
77
Susan's
Age
77
0
61,080
61,080
Withdrawals & Ret.
Income Need($)
259,552
2037
78
78
0
62,607
62,607
266,041
- 203,434
2038
79
79
0
64,172
64,172
272,692
- 208,520
2039
80
80
0
65,776
65,776
279,509
- 213,733
2040
81
81
0
67,421
67,421
286,497
- 219,076
2041
82
82
0
69,106
69,106
293,659
- 224,553
2042
83
83
0
70,834
70,834
301,001
- 230,167
2043
84
84
0
72,605
72,605
308,526
- 235,921
2044
85
85
0
74,419
74,419
316,239
- 241,820
2045
86
86
0
76,280
76,280
324,145
- 247,865
2046
87
87
0
78,187
78,187
332,249
- 254,062
2047
88
88
0
80,142
80,142
340,555
- 260,413
2048
89
89
0
82,145
82,145
349,069
- 266,924
2049
90
90
0
84,199
84,199
357,796
- 273,597
2050
91
91
0
86,304
86,304
366,740
- 280,436
2051
92
92
0
188,462
188,462
375,909
- 187,447
2052
93
93
0
52,049
52,049
385,307
- 333,258
2053
94
94
0
53,350
53,350
394,939
- 341,589
2054
95
95
0
54,683
54,683
404,813
- 350,130
Year
Contributions($) Income Sources($)
Total($)
Net($)
- 198,472
Summary of Cash Flows reflects the contributions and withdrawals (expected inflows and outflows of funds) assumed for your Recommended Investment Plan. This is based upon information you provided. Because this information is likely to change over
time, your actual cash flow experience will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 86 of 164
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Envision
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Jim & Susan
Cash Flow Detail - Contributions - Recommended Investment Plan
Results shown in Actual dollars
2011
Jim's
Age
52
Susan's
Age
52
2012
53
53
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2013
54
54
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2014
55
55
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2015
56
56
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2016
57
57
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2017
58
58
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2018
59
59
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2019
60
60
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
2020
61
61
--
2021
62
62
--
2022
63
63
--
2023
64
64
--
2024
65
65
--
2025
66
66
--
2026
67
67
--
2027
68
68
--
2028
69
69
--
2029
70
70
--
2030
71
71
--
2031
72
72
--
2032
73
73
--
2033
74
74
--
2034
75
75
--
2035
76
76
--
Year
12/06/2011
Cash Flow Detail($)
Deferred (Jim):40,000 Taxable (Joint):20,000 Deferred (Susan):15,000
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 87 of 164
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Envision
®
Jim & Susan
Year
Jim's
Age
Susan's
Age
2036
77
77
--
2037
78
78
--
2038
79
79
--
2039
80
80
--
2040
81
81
--
2041
82
82
--
2042
83
83
--
2043
84
84
--
2044
85
85
--
2045
86
86
--
2046
87
87
--
2047
88
88
--
2048
89
89
--
2049
90
90
--
2050
91
91
--
2051
92
92
--
2052
93
93
--
2053
94
94
--
2054
95
95
--
Cash Flow Detail($)
Cash Flow Detail - Schedule of Contributions reflects cash flow elements of your Recommended Investment Plan. This is based upon information you provided. Because this information is likely to change over time, your actual cash flows will differ.
You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 88 of 164
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®
Jim & Susan
Cash Flow Detail - Income from Other Sources - Recommended Investment Plan
Results shown in Actual dollars
2011
Jim's
Age
52
Susan's
Age
52
2012
53
53
--
2013
54
54
--
2014
55
55
--
2015
56
56
--
2016
57
57
--
2017
58
58
--
2018
59
59
--
2019
60
60
--
2020
61
61
2021
62
62
-Partnership Buyout (Jim):77,170 Social Security (Jim):21,614 Social Security (Susan):15,761
2022
63
63
2023
64
64
2024
65
65
2025
66
66
2026
67
67
Social Security (Jim):27,593 Social Security (Susan):20,122
2027
68
68
Social Security (Jim):28,283 Social Security (Susan):20,625
2028
69
69
Social Security (Jim):28,990 Social Security (Susan):21,140
2029
70
70
Social Security (Jim):29,715 Social Security (Susan):21,669
2030
71
71
Social Security (Jim):30,458 Social Security (Susan):22,211
2031
72
72
Social Security (Jim):31,219 Social Security (Susan):22,766
2032
73
73
Social Security (Jim):32,000 Social Security (Susan):23,335
2033
74
74
Social Security (Jim):32,800 Social Security (Susan):23,918
Year
12/06/2011
Cash Flow Detail($)
--
Partnership Buyout (Jim):79,099 Social Security (Jim):22,154 Social Security (Susan):16,155
Partnership Buyout (Jim):81,077 Social Security (Jim):22,708 Social Security (Susan):16,559
Partnership Buyout (Jim):83,104 Social Security (Jim):23,276 Social Security (Susan):16,973
Partnership Buyout (Jim):85,181 Social Security (Jim):23,857 Social Security (Susan):17,397
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 89 of 164
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Envision
®
Jim & Susan
Year
Jim's
Age
Susan's
Age
2034
75
75
Social Security (Jim):33,620 Social Security (Susan):24,516
2035
76
76
Social Security (Jim):34,460 Social Security (Susan):25,129
2036
77
77
Social Security (Jim):35,322 Social Security (Susan):25,758
2037
78
78
Social Security (Jim):36,205 Social Security (Susan):26,402
2038
79
79
Social Security (Jim):37,110 Social Security (Susan):27,062
2039
80
80
Social Security (Jim):38,038 Social Security (Susan):27,738
2040
81
81
Social Security (Jim):38,989 Social Security (Susan):28,432
2041
82
82
Social Security (Jim):39,964 Social Security (Susan):29,142
2042
83
83
Social Security (Jim):40,963 Social Security (Susan):29,871
2043
84
84
Social Security (Jim):41,987 Social Security (Susan):30,618
2044
85
85
Social Security (Jim):43,036 Social Security (Susan):31,383
2045
86
86
Social Security (Jim):44,112 Social Security (Susan):32,168
2046
87
87
Social Security (Jim):45,215 Social Security (Susan):32,972
2047
88
88
Social Security (Jim):46,346 Social Security (Susan):33,796
2048
89
89
Social Security (Jim):47,504 Social Security (Susan):34,641
2049
90
90
Social Security (Jim):48,692 Social Security (Susan):35,507
2050
91
91
2051
92
92
2052
93
93
Social Security (Jim):49,909 Social Security (Susan):36,395
Jim's Whole Life Benefit (Jim):100,000 Social Security (Jim):51,157
Social Security (Susan):37,305
Social Security (Susan):37,955 Social Security (Susan):14,094
2053
94
94
Social Security (Susan):38,904 Social Security (Susan):14,446
2054
95
95
Social Security (Susan):39,876 Social Security (Susan):14,807
Cash Flow Detail($)
Cash Flow Detail - Schedule of Income from Other Sources reflects cash flow elements of your Recommended Investment Plan. This is based upon information you provided and in some cases, estimates for Social Security. Because this information
is likely to change over time, your actual cash flows will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment
Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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®
Jim & Susan
Cash Flow Detail - Withdrawals - Recommended Investment Plan
Results shown in Actual dollars
Year
Jim's
Age
Susan's
Age
2011
52
52
--
2012
53
53
Education (John):43,126
2013
54
54
Education (John):44,204
2014
55
55
Education (John):45,309
2015
56
56
Education (John):46,442
2016
57
57
Education (Sara):34,224
2017
58
58
Education (Sara):35,080
2018
59
59
Education (Sara):35,957
2019
60
60
Executive RV (Jim):304,601
2020
61
61
Retirement Goal (Jim):174,841
Travel (Jim):15,000
2021
62
62
Retirement Goal (Jim):179,212
Travel (Jim):15,000
2022
63
63
Retirement Goal (Jim):183,692
Travel (Jim):15,000
2023
64
64
Retirement Goal (Jim):188,284
Travel (Jim):15,000
2024
65
65
Retirement Goal (Jim):192,992
Travel (Jim):15,000
2025
66
66
Retirement Goal (Jim):197,816
Travel (Jim):15,000
2026
67
67
Retirement Goal (Jim):202,762
Travel (Jim):15,000
2027
68
68
Retirement Goal (Jim):207,831
Travel (Jim):15,000
2028
69
69
Retirement Goal (Jim):213,027
Travel (Jim):15,000
2029
70
70
Retirement Goal (Jim):218,352
Travel (Jim):15,000
2030
71
71
Retirement Goal (Jim):223,811
12/06/2011
Cash Flow Detail($)
Education (Sara):33,389
Retirement Goal (Jim):170,576
Travel (Jim):15,000
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 91 of 164
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®
Jim & Susan
Year
Jim's
Age
Susan's
Age
2031
72
72
Retirement Goal (Jim):229,406
2032
73
73
Retirement Goal (Jim):235,141
2033
74
74
Retirement Goal (Jim):241,020
2034
75
75
Retirement Goal (Jim):247,045
2035
76
76
Retirement Goal (Jim):253,222
2036
77
77
Retirement Goal (Jim):259,552
2037
78
78
Retirement Goal (Jim):266,041
2038
79
79
Retirement Goal (Jim):272,692
2039
80
80
Retirement Goal (Jim):279,509
2040
81
81
Retirement Goal (Jim):286,497
2041
82
82
Retirement Goal (Jim):293,659
2042
83
83
Retirement Goal (Jim):301,001
2043
84
84
Retirement Goal (Jim):308,526
2044
85
85
Retirement Goal (Jim):316,239
2045
86
86
Retirement Goal (Jim):324,145
2046
87
87
Retirement Goal (Jim):332,249
2047
88
88
Retirement Goal (Jim):340,555
2048
89
89
Retirement Goal (Jim):349,069
2049
90
90
Retirement Goal (Jim):357,796
2050
91
91
Retirement Goal (Jim):366,740
2051
92
92
Retirement Goal (Jim):375,909
2052
93
93
Retirement Goal (Jim):385,307
12/06/2011
Cash Flow Detail($)
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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®
Jim & Susan
Year
Jim's
Age
Susan's
Age
2053
94
94
Retirement Goal (Jim):394,939
2054
95
95
Retirement Goal (Jim):404,813
Cash Flow Detail($)
Cash Flow Detail - Schedule of Withdrawals reflects cash flow elements of your Recommended Investment Plan. This is based upon information you provided. Because this information is likely to change over time, your actual cash flows will differ. You
should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 93 of 164
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®
Jim & Susan
Investment Plan Assumptions
The cash flows for this plan were last inflated on 6/22/2011*
Tax Assumptions
Description
Filing State
Filing Status
Pre-Retirement Tax Rates Post-Retirement Tax Rates
Delaware
Delaware
Joint
Joint
Investment Assumptions
Description
Percentage of Capital Gains Long Term
Yearly Asset Turnover Rate
Rates
50.00%
100.00%
Life Expectancy Assumptions
Description
Life Expectancy - Jim Taylor
Life Expectancy - Susan Taylor
Age
92
95
Other Assumptions
Description
General Default Inflation Rate
Estate Inflation Rate
Rates
2.50%
2.50%
Tax rates for each year in the plan are estimated using the federal and state tax schedules as of January 2011, less estimated standard tax deductions. This plan assumes a 20% rate for long
term capital gains. Additionally, federal or state tax deductions for dependents have not been applied. For estimated tax calculations, unused capital losses are offset against future capital
gains. Each year in each simulation may have a unique tax rate associated with it due to the variability of returns and cash flows. Break points for the tax schedules are inflated at 2.5% per year.
Due to the complicated nature of planning and calculating federal and state income tax rates, the rates and assumptions are estimates. Your actual situation will differ from these assumptions.
This analysis does not constitute tax or legal advice. Please consult with your tax professional and attorney for legal and tax advice.
* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, income sources, etc. up to date with their specified inflation rates.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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®
Jim & Susan
Disclosures
IMPORTANT: The projections or other information generated by Envision
regarding the likelihood of various investment outcomes are hypothetical in
nature, do not reflect actual investment results and are not guarantees of future
results. Results may vary with each use and over time.
and which are incorporated into your Recommended Investment Plan. However, there is
no guarantee that these results will be achieved.
Envision Methodology
Based on accepted statistical methods, Envision uses a simulation model
to test your Ideal, Acceptable and Recommended Investment Plans. The
simulation model uses assumptions about inflation, financial market returns
and the relationships among these variables. These assumptions were derived
from analysis of historical data (see Asset Class Assumptions disclosures for
more information). Using Monte Carlo simulation Envision simulates 1,000
different potential outcomes over a lifetime of investing varying historical risk,
return, and correlation amongst the assets. Some of these scenarios will
assume strong financial market returns, similar to the best periods of history for
investors. Others will be similar to the worst periods in investing history. Most
scenarios will fall somewhere in between.
Envision Analysis - The Target Zone
THE ENVISION PROCESS IS NOT FINANCIAL PLANNING
The Envision process helps you and your Financial Advisor clearly
understand your personal values and goals. You and your Financial
Advisor can then design a unique investment strategy suited to
your goals and financial situation. Unlike financial planning, however,
Envision does not include advanced wealth planning strategies such as
estate and tax planning. It also does not include detailed cash flow, real
estate or business analyses.
The Envision Process
The Envision process is designed to help you achieve your most important financial goals.
The Envision process begins by identifying your ideal financial goals. These become inputs
to your Ideal Investment Plan. The next step is to identify tolerable adjustments to your Ideal
Investment Plan - for example, retiring at 65 instead of 62. This is referred to as your Acceptable
Investment Plan. These two benchmarks, your Ideal and Acceptable Investment Plans, frame
the Envision process. In formulating these two plans, you and your Financial Advisor identify
your highest priority goals. The final step in the process is the creation of your Recommended
Investment Plan. This provides a framework for allocating your assets to seek to achieve your
most important financial goals. You will have the sole responsibility for determining whether, when
and how to implement any of the suggestions contained in the Recommended Investment Plan.
Furthermore, by accepting this Envision report, there is no requirement that you implement any of
the suggestions or otherwise conduct business through the firm or its affiliates.
Envision Investment Plan Result Interpretation and Assumptions
The simulated investment returns are combined with your unique financial inflows (savings) and
outflows (spending goals). The end result is a statistical assessment expressed as a number
referred to as the Investment Plan Result. An Investment Plan Result of 83, for example, means
that in 830 of the 1,000 scenarios you would have successfully achieved all of your goals. It
is important to note that the Investment Plan Result reflects the assumption that your
assets are invested according to your Strategic (or Custom) allocation. It also reflects the
assumption that you continue with the savings and spending patterns you have indicated
12/06/2011
You should not base your retirement or spending decisions solely on Envision investment
plan results.
Your Envision analysis may suggest that your investment plan may have had a relatively high
likelihood of meeting your goals. This concept of having a relatively high likelihood is referred to
as the Target Zone. The Target Zone is the range between the 75th and 90th percentile results.
This means that between 750 and 900 of the 1,000 simulations resulted in successfully achieving
the goals of the investment plan. An Investment Plan Result that falls within this Target Zone
suggests that your investment plan had a reasonable chance of success in the simulations. In
fact, at the 75th percentile level, in 250 of the 1,000 simulations, you would have failed to achieve
your financial goals. In some instances, simulations for your Acceptable Investment Plan may not
provide a Investment Plan Result in the Target Zone.
Asset Class Assumptions
Securities are grouped in classes based on shared characteristics, such as maturity for bonds and
size of the corporation for stocks. The mix of classes best suited for an investor will depend on
his or her individual investment goals and tolerance for risk. It is generally understood that as an
investor takes more risk, he or she can seek a higher rate of return over time.
Asset Classification for mutual funds, variable annuities and exchange-traded funds are derived
from Morningstar Categories. Underlying holdings classification provided by Morningstar. ©2011
Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to
Morningstar and/or its content providers; (2) may not be copied or distributed; 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.
Asset Class Assumptions - Risk
Risk calculations are used to estimate how asset classes and combinations of classes may
respond during negative market environments. The downside risk calculation represents a loss
that is unlikely to be exceeded in 19 out of 20 years. However, there is a 1 in 20 risk (5% probability)
that the loss over a one-year period could be greater than the downside risk calculation. Risk and
return figures are derived from standard investment industry statistical calculations. These are for
comparative purposes and not designed to predict actual performance. This is not the maximum
loss your portfolio could experience.
Asset Class Assumptions - Portfolio Implementation
As outlined above, it is assumed that the implemented portfolio matches the recommended
allocation model. In actuality, the implemented portfolio may or may not match the risk and return
characteristics of the recommended model over time due to security selection, inability to invest
in the indices, and other factors. Also, there is no guarantee that portfolios will not exceed the risk
tolerance range or that historically derived results will be achieved in the future. Returns have not
been reduced by sales charges or expenses typically associated with various types of investments.
Your actual investment performance may be higher or lower than that of the asset class to which it
was assigned. Our assumptions about risks and returns for individual asset classes are combined
with assumptions about the relationships between these returns (their correlation). Asset allocation
cannot eliminate the risk of fluctuating prices and uncertain returns. We use our best efforts to
correctly classify investments. However, no warranty of accuracy is made.
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
Equity Investments:
Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway,
Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.
Capitalization:
Investing in foreign securities such as International Investments, Emerging Markets Equity, and
Emerging Markets Debt, presents certain and unique risks traditionally not associated with
domestic investment, such as currency fluctuation and political and economic changes. These
types of investments may focus on certain geographical regions, thereby increasing vulnerability
to adverse developments in that region. This may result in greater price volatility.
Equity investments refer to buying stocks of United States companies.
The investment return to the owner of stock (shareholder) is in the form of dividends and/or capital
appreciation. The market capitalization of companies is used to group large, medium (Mid), and
small companies. Shareholders share in both the upside potential and the downside risk.
Market capitalization definitions differ but one example of capitalization
methodology is that of Morningstar, which defines "large-capitalization" stocks as those stocks that
form the top 70% of the market capitalization of the stocks eligible to be included in the Morningstar
US Market Index (a diversified broad market index that represents approximately 97% of the
market capitalization of publicly traded U.S. Stocks). The Morningstar index methodology defines
"mid-capitalization" stocks as those stocks that form the 20% of market capitalization between
the 70th and 90th percentile of the market capitalization and "small-capitalization" stocks as those
stocks that form the 7% of market capitalization between the 90th and 97th percentile of the market
capitalization of the stocks eligible to be included in the Morningstar US Market Index.
Style: Blend (sometimes referred to as Core) investing is generally characterized as a strategy
that seeks to balance the portfolio of stocks between the Growth and Value styles as market
conditions fluctuate. Stocks in the underlying index are designated as "growth" as they are issued
by companies that typically have higher than average historical and forecasted earnings, sales,
equity and cash flow growth. Stocks in the underlying index are weighted according to the total
number of shares that are publicly owned and available for trading. Stocks in the underlying
index are designated as "value" as they are issued by companies that typically have relatively low
valuations based on price-to-earnings, price-to book value, price-to-sales, price-to-cash flow and
dividend yields. The stocks in the underlying index are weighted according to the total number of
shares that are publicly owned and available for trading.
Fixed Income Securities (Bonds) :
Bonds are promissory notes of a United States
corporation or federal government entity (taxable bonds) or a state or local government entity
(tax-exempt or municipal bonds). Bonds usually make a series of interest payments followed by
a return of principal at maturity. If sold prior to maturity, the price that can be obtained for a bond
may be more or less than face value, depending on interest rates at the time the bond is sold and
the remaining term of the bond.
Fixed income securities include Treasuries (i.e., public obligations of the U.S. Treasury that have
remaining maturities of more than one year), Government-Related issues (i.e., agency, sovereign,
supranational, and local authority debt), and Corporate Bonds.
Term: Short-term Bonds have effective maturities of six years or less, intermediate bonds have
effective maturities between six and twelve years; and long-term bonds have maturities of twelve
years or longer.
Emerging Markets Equity:
Emerging Markets Equity consists of stocks issued by publicly
traded companies of the major developing countries around the world. Examples of these countries
would include: Argentina, Brazil, China, Russia, and South Africa.
Alternative Income:
Distinct from traditional Fixed Income is the Alternative Income
category, which includes Hi-Yield Debt, Emerging Markets Debt, and REITs. Such investments
offer greater income potential, but also higher levels of risk than traditional forms of debt.
High Yield Debt: High Yield Bonds are promissory notes of a corporation or government entity
that are considered to be below investment grade by bond rating services. The characterization
of a high yield bond reflects the creditworthiness of the issuer and potential concerns that interest
payments and return of principal may not be made as promised. High yield bonds may have
maturities of various lengths.
Emerging Markets Debt: Emerging Markets Debt is comprised of external debt instruments
in the developing markets. These instruments may be denominated in United States dollars
or in external currencies. A large portion of the emerging market debt is issued by Argentina,
Brazil, Bulgaria, Columbia, Ecuador, Egypt, Mexico, Morocco, Nigeria, Panama, Peru, Philippines,
Poland, Russia, South Africa, Turkey, Ukraine and Venezuela.
Real Estate Investment Trust (REIT):
A REIT combines the capital of many investors
to either acquire or provide financing for real estate.
REIT Equity:
An equity REIT usually assumes ownership status in the property in which
it invests, enabling its investors to earn dividends on rental income from the property and
appreciation in property sale. Equity REITs are characterized as equities or alternative income,
due to their unique qualities.
REIT Mortgage: A mortgage REIT usually invests in loans and mortgages secured by real
estate and derives its income from mortgage interest and fees. Some mortgage REITs also borrow
money from the banks and re-lend it at higher interest rates.
Income from tax exempt bonds is generally free from federal and state taxes for residents of the
issuing state. While the interest income is tax-free, capital gains if any are subject to taxes. Income
of certain tax-exempt bonds may be subject to the Federal Alternative Minimum Tax (AMT).
There are special risks associated with an investment in real estate, including credit risk, interest
rate fluctuations and the impact of changing economic conditions.
Multi-Class: This category is primarily used to classify investments that include a substantial
Cash Alternatives:
amount of both equity and fixed income investments, or some other combination of classes.
International Investments: International investments include any type of investment made
in financially established markets outside of the United States. Various securities can be used
to invest in international markets, including but not limited to fixed income securities, American
Depository Receipts (ADRs), equities and funds.
Cash Alternatives include liquid, short term and interest bearing
investments. Examples are money market funds, Treasury bills and commercial paper. It is
possible to lose money by investing in cash alternatives.
Alternative Investments:
Alternative Investments encompass a range of processes to
provide the investor with access to markets or investment strategies that are generally not easily
accessible by individuals or smaller institutional investors. These often involve potentially higher
risk strategies, such as employing leverage and / or short sales.
As of June 2007 the MSCI Europe, Australasia, Far East Index (EAFE) consisted of the following
21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France,
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
Hedge funds are complex, speculative investment vehicles and are not suitable for all investors.
They are generally open to qualified investors only and carry high costs, substantial risks, and may
be highly volatile. There is often limited (or even non-existent) liquidity and a lack of transparency
regarding the underlying assets.
Managed Futures:
Managed futures funds combine the capital of many investors in
order to invest in the global futures and forward markets. This may include currencies, stock
indices, financial instruments, energy products, metals, and agricultural products. Global futures
exchanges allow managers to diversify portfolios by geography and by product. Managed futures
are speculative investments that are subject to a significant amount of risk.
Fund of Hedge Fund (Fund of Funds):
Currently three types of fund of funds are
classified in the Capital Markets Assumptions:
Hedge Funds - Aggressive: Hedge Funds Aggressive strategies maintain positions both
long and short in primarily equity and equity derivative securities. A wide variety of investment
processes can be employed to arrive at an investment decision, including both quantitative and
fundamental techniques; strategies can be broadly diversified or narrowly focused on specific
sectors and can range broadly in terms of levels of net exposure, leverage employed, holding
period, concentrations of market capitalizations and valuation ranges of typical portfolios. Hedge
Funds Aggressive managers would typically maintain at least 50% and may, in some cases, be
substantially invested in equities, both long and short. Aggressive Hedge funds generally seek to
make profits by buying a group of under-priced stocks/bonds and shorting a related group of overpriced stocks/bonds or indices.
Hedge Funds - Conservative:
Investment Managers who maintain positions in which
the investment thesis is predicated on realization of a valuation discrepancy in the relationship
between multiple securities. Managers employ a variety of fundamental and quantitative
techniques to establish investment theses, and security types range broadly across equity, fixed
income, derivative or other security types. Fixed income strategies are typically quantitatively
driven to measure the existing relationship between instruments and in some cases, identify
attractive positions in which the risk adjusted spread between these instruments represents an
attractive opportunity for the investment manager. Hedge Funds Conservative positions may also
be involved in corporate transactions.
Hedge Funds - Diversified: A Fund of Hedge Funds that falls under this category usually
invests with hedge funds that fall under relative value and hedged equities categories.
Hedg e funds are complex investment vehicles and are not suitable for all investors. Hedge funds
often engage in the use of leverage and other speculative investment practices, such as short
sales, options, derivatives, futures and illiquid investments that may increase the risk of investment
loss.
Commodities: These assets are usually agricultural products such as corn, livestock, coffee
Other: This classification represents securities which could not be definitively classified because
there is insufficient similarity between the security and the defined asset classes. There may
be inconsistencies in one or more of the following factors: historical performance, investment
objective or asset composition. This analysis assigns relatively high downside risk and relatively
low returns to assets classified as 'Other' in order to conservatively assess their impact on the
portfolio.
Envision Implemented
Envision allows you to identify unrealistic expectations and create an investment plan of action.
If this is the result, we will help you re-evaluate your goals, make adjustments, and create a
Recommended Investment Plan that you feel is right for you. Whether you are already retired,
planning for future retirement, or planning for other goals, the Envision process enables you to
monitor and test your Recommended Investment Plan throughout your lifetime. You can change
existing goals or add new goals in future years. Through periodic monitoring, you can assess the
impact that your actual savings and spending patterns, investment returns and portfolio values
have had on your Investment Plan result.
Report Disclosures
The indexes mentioned in this report, such as the S&P 500 and MSCI EAFE are unmanaged
indexes of common stock or fixed-income. Unmanaged indexes are for illustrative purposes only.
An investor cannot invest directly in an index.
The material has been prepared or is distributed solely for information purposes and does not
supersede the proper use of your account statements and/or trade confirmations, which are
considered to be the official and accurate records of your account activity. Any market prices
are only indications of market values, are subject to change, and may not reflect the value at
which securities could be sold. Additionally, the report is prepared as of trade date, rather than
settlement date, and may be prepared on a different date than your statement. The information
contained in this report may not reflect all holdings or transactions, their costs, or proceeds in
your account. Contact your Financial Advisor for further information. The report may also include
information you provided about assets held at other firms. Information on assets held away from
Wells Fargo Advisors was provided by you and may not be covered by SIPC. We have relied
solely on information from you regarding those assets. We do not verify or confirm those assets
held with other firms or affiliates and you are responsible for notifying your Financial Advisor of
any changes in your externally held investments including cost basis. Incomplete or inaccurate
cost basis will affect your plan results because the tax assumptions are incorrect. Due to timing
issues, if this report includes assets held at Wells Fargo Trust Company, positions and market
data should be verified. Before making any decisions please validate your account information
with your Financial Advisor.
This report is not a substitute for your own records and the year-end 1099 form. Cost data and
acquisition dates provided by you are not verified by our firm. Our firm does not render legal,
accounting or tax advice. Please consult your legal tax advisors before taking any action that may
have tax consequences.
and cocoa or metals such as gold, copper and silver, or energy products such as oil and natural
gas. Each commodity generally has a common price internationally. For example, corn generally
trades at one price on commodity markets worldwide. Commodities can either be sold on the
spot market for immediate delivery or on the commodities exchanges for later delivery. Trade on
commodities exchanges is usually in the form of future contracts.
© 2011 Wells Fargo Advisors, LLC.
Trading in futures of commodities and options is not appropriate for all persons, as the risk of loss
is substantial. Therefore, except for those considered to be bona fide hedgers, only risk capital
should be used in futures.
Financeware, Inc. & Wealthcare Capital Management IP, LLC are separate entities and are
not directly affiliated with Wells Fargo Advisors, LLC.
12/06/2011
© 2001-2011 Financeware, Inc. & Wealthcare Capital Management IP, LLC - U.S. Patents
7,562,040, 7,650,303, 7,765,138 and 7,991,675 - Other international patents approved and
pending. All Rights Reserved.
Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells
Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, nonbank affiliates of Wells Fargo and Company.
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 97 of 164
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Jim & Susan
Strategic Allocations (Standard)
Additional firm-sponsored strategic allocation models may be selected for your Investment Plan that may include updated asset allocation assumptions or may
vary slightly from these standard strategic allocation models. Please refer to your Current vs. Strategic Allocation page for an illustration of the allocation mix for
these models.
Large Cap Growth
Conservative
Conservative
Growth &
Growth
Income
0.00%
5.00%
14.00%
5.00%
Moderate
Growth &
Income
9.00%
14.00%
6.00%
Long Term
Growth &
Income
12.00%
Large Cap Value
2.00%
5.00%
14.00%
5.00%
10.00%
14.00%
6.00%
12.00%
14.00%
Mid Cap Growth
0.00%
Mid Cap Value
0.00%
2.00%
5.00%
2.00%
5.00%
0.00%
4.00%
7.00%
0.00%
6.00%
8.00%
0.00%
4.00%
7.00%
0.00%
6.00%
8.00%
Mid Cap Blend
2.00%
0.00%
0.00%
2.00%
0.00%
0.00%
4.00%
0.00%
0.00%
Small Cap Growth
0.00%
2.00%
4.00%
0.00%
3.00%
7.00%
0.00%
5.00%
8.00%
Small Cap Value
Small Cap Blend
0.00%
2.00%
4.00%
0.00%
3.00%
7.00%
0.00%
5.00%
8.00%
0.00%
0.00%
0.00%
2.00%
0.00%
0.00%
4.00%
0.00%
0.00%
International Equity
2.00%
6.00%
10.00%
4.00%
7.00%
13.00%
6.00%
8.00%
18.00%
Emerging Market
Equity
Short Term Taxable
Fixed Income
Intermediate
Taxable Fixed
Income
Long Term Taxable
Fixed Income
International Fixed
Income
Emerging Market
Debt
High Yield Fixed
Income
REIT Equity
0.00%
4.00%
8.00%
0.00%
6.00%
11.00%
0.00%
7.00%
14.00%
25.00%
10.00%
8.00%
18.00%
5.00%
3.00%
6.00%
0.00%
0.00%
45.00%
28.00%
14.00%
31.00%
19.00%
5.00%
25.00%
10.00%
0.00%
4.00%
15.00%
4.00%
7.00%
7.00%
2.00%
10.00%
3.00%
0.00%
6.00%
4.00%
0.00%
6.00%
5.00%
0.00%
8.00%
5.00%
0.00%
2.00%
3.00%
0.00%
7.00%
4.00%
0.00%
10.00%
6.00%
0.00%
4.00%
4.00%
2.00%
7.00%
6.00%
2.00%
9.00%
7.00%
0.00%
3.00%
3.00%
2.00%
3.00%
3.00%
2.00%
3.00%
3.00%
2.00%
Commodities
0.00%
2.00%
4.00%
0.00%
2.00%
4.00%
0.00%
2.00%
4.00%
Cash Alternative
5.00%
3.00%
2.00%
3.00%
3.00%
2.00%
3.00%
3.00%
2.00%
Name
12/06/2011
Conservative
Income
Moderate
Income
Moderate
Growth
Long Term
Income
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Long Term
Growth
14.00%
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Jim & Susan
Capital Market Assumptions
Capital Market Assumptions for all asset classes assume a broadly diversified portfolio generally representative of the risks and opportunities of the asset class.
To the extent that the investors portfolio is not as diversified as the assumptions made for the asset class, the return and risk potential for the portfolio may vary
significantly from the assumed Capital Market Assumptions.
The Capital Market Assumptions used within this illustration are based on a building-block approach of risk premiums and Sharpe Ratio Equivalency. The returns
for each asset class reflect the premium above the short-term risk-free rate of return that investors are likely to demand in order to compensate for the risk of
holding those assets. Sharpe ratio equivalency provides a consistent comparison of long term risk premium across various asset classes for a 10-15 year time
horizon or a period, covering more than one economic cycle. These long-term assumptions may differ greatly from the short-term performance and volatility
experienced by your actual investment holdings. There are no assurances that the estimates will be achieved. They have been provided as a guide to help you
with your investment planning.
Representative Index is provided to clients as an example of a public index that generally reflects the associated asset class. Capital Market Assumptions are not
based on the Representative Index. You cannot invest directly in an index.
Asset Class
Downside Risk
1
Average Annual Return Representative Index
Large Cap Growth
-16.82%
8.66%
Morningstar Large Cap Growth©
Large Cap Value
-15.96%
8.30%
Morningstar Large Cap Value©
Large Cap Blend
-16.17%
8.46%
S & P 500
Mid Cap Growth
-19.24%
9.15%
Morningstar Mid Cap Growth©
Mid Cap Value
-18.42%
8.82%
Morningstar Mid Cap Value©
-18.88%
8.94%
Morningstar Mid Cap Blend©
-20.58%
9.49%
Morningstar Small Cap Growth©
3
-19.69%
9.27%
Morningstar Small Cap Value©
3
-20.14%
9.38%
Morningstar Small Cap Blend©
-17.19%
8.88%
MSCI EAFE Index
-24.34%
10.53%
Short Term Taxable Fixed Income
0.22%
3.78%
BarCap Govt/Credit 1-3 Yr TR USD (%Total Return)
Intermediate Taxable Fixed Income
-4.04%
4.61%
BarCap US Govt/Credit Interm. TR USD (%Total Return)
Long Term Taxable Fixed Income
-7.80%
4.88%
BarCap US Govt/Credit Long TR USD (%Total Return)
Short Term Tax Exempt Fixed Income
-4.13%
3.00%
BarCap 2-4 Year Municipal Bond Index
Intermediate Tax Exempt Fixed Income
-6.68%
3.30%
BarCap 8-12 Year Municipal Bond Index
-10.11%
3.61%
BarCap 22+ year Municipal Bond Index
-5.91%
5.26%
ML Global Sovereign Bond Index
-14.19%
7.58%
J.P. Morgan Emerging Markets Bond Index Plus
High Yield Fixed Income
-14.29%
7.48%
ML US High Yield Cash Pay
REIT Equity
-14.79%
7.61%
NAREIT Equity REIT Index
Mid Cap Blend
3
Small Cap Growth
Small Cap Value
Small Cap Blend
International Equity
4
Emerging Market Equity
Long Term Tax Exempt Fixed Income
4
International Fixed Income
Emerging Market Debt
2
12/06/2011
MSCI Emerging Market Index
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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Jim & Susan
1
Average Annual Return Representative Index
Asset Class
Downside Risk
REIT Mortgage
-20.52%
7.21%
NAREIT Mortgage REIT Index
Multi Class
-10.64%
7.24%
Blend 60% S&P 500/40% Barcap Govt./Credit Interm.
Managed Futures
-12.99%
7.51%
CISDM Fund / Pool Qualified Universe Index
-7.87%
6.58%
Hedge Fund Research Incorporated (HFRI)*
Hedge Funds - Diversified
-10.05%
7.84%
Hedge Fund Research Incorporated (HFRI)*
Hedge Funds - Aggressive
-15.08%
9.22%
Hedge Fund Research Incorporated (HFRI)*
Commodities
-19.84%
7.92%
Goldman Sachs Commodity Total Return Index
Gold
-12.96%
6.22%
London PM Fixing
Other
-25.96%
3.79%
None
0.75%
3.19%
U.S. 3 Month T-Bill
Hedge Funds - Conservative
Cash Alternative
Additional Disclosures
1
The Average Annual Return is time-weighted. It is a measure of the compound rate of growth of the asset class.
2
Various rating services, such as Standard and Poor's and Moody's Investor Service rate the creditworthiness of bonds. Investing in lower-rated debt securities or funds that invest in such securities involves
additional risk because of the lower credit quality of the security or fund portfolio. These securities or funds are subject to a higher level of volatility and increased risk of default, or loss of principal.
3
Investing in small companies or mutual funds that invest in small companies involves additional risk. Smaller companies typically have a higher risk of failure and are not as well established as larger blue
chip companies. Historically, smaller-company stocks have experienced a greater degree of price volatility than the overall market average.
4
International investing may involve special risks such as currency fluctuation, political instability, and different methods of accounting and reporting requirements.
* Hedge Fund Research, Inc. ©2011, www.hedgefundresearch.com
Alternative investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. They are complex investment vehicles
which generally have high costs and substantial risks. They tend to be more volatile than other types of investments and present an increased risk of investment loss. There may also be a lack of transparency
as to the underlying assets. Alternative investments are subject to fewer regulatory requirements than mutual funds and other registered investment company products and thus may offer investors fewer legal
protections than they would have with more traditional investments. Additionally, there may be no secondary market for alternative investment interests and transferability may be limited or even prohibited.
12/06/2011
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 100 of 164
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®
Jim & Susan
Portfolio Insight
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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Jim & Susan
Portfolio Summary
By: Security Sub Type
Common Stock (13.9%)
Fund (77.0%)
Cash Alternative (9.1%)
Total
Common Stock
Joint Account (88888888)
Susan's IRA (88888888)
Fund
Jim's Profit Share Plan (88888888)
John's 529 (88888888)
Cash Alternative
Joint Account (88888888)
Portfolio Summary Total
$
%
307,245
180,952
126,293
13.9%
8.2%
5.7%
1,701,668
427,806
1,273,862
77.0%
19.4%
57.7%
200,000
200,000
9.1%
9.1%
2,208,913
100.0%
Total Portfolio Value as of 12/05/11:__$ 2,208,913
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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Jim & Susan
Portfolio Summary - Security Detail
By: Security Sub Type
Common Stock (13.9%)
Fund (77.0%)
Cash Alternative (9.1%)
Total
ID
Description
Common Stock
Joint Account (88888888)
AAPL
* APPLE INC
ODP
* OFFICE DEPOT INC
WFC
* WELLS FARGO COMPANY
Susan's IRA (88888888)
AA
* ALCOA INC
CAT
* CATERPILLAR INC
CVX
* CHEVRON CORPORATION
HD
* HOME DEPOT INC
LOW
* LOWES COMPANIES INC
MSFT
* MICROSOFT CORP
Fund
Jim's Profit Share Plan (88888888)
* HARTFORD MID CAP FD CLHFMCX
A
ANEFX
* NEW ECONOMY FD SBI CL A
* SMALLCAP WORLD FUND
SMCWX
CL A
John's 529 (88888888)
NYVTX
* DAVIS NY VENTURE FD CL A
* GROWTH FUND AMERICA
AGTHX
FD A
* HARTFORD CAP APPREC
ITHAX
FD-A
KSCVX
* KEELEY S/C VALU FD CL-A
12/06/2011
Quantity
Price
227
14,463
2,105
393.01
2.44
26.74
1,254
386
247
330
532
959
10.00
96.85
102.82
40.23
24.35
25.70
$
%
307,245
180,952
89,374
35,289
56,289
126,293
12,538
37,425
25,438
13,290
12,958
24,645
13.9%
8.2%
4.0%
1.6%
2.5%
5.7%
0.6%
1.7%
1.2%
0.6%
0.6%
1.1%
1,701,668
427,806
77.0%
19.4%
11,078
17.93
198,634
9.0%
6,247
24.46
152,811
6.9%
2,231
34.22
76,361
3.5%
5,545
32.89
1,273,862
182,384
57.7%
8.3%
17,550
29.50
517,722
23.4%
8,262
30.11
248,771
11.3%
9,005
23.75
213,872
9.7%
© 2011 Wells Fargo Advisors. All Rights Reserved.
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Jim & Susan
Total
ID
TEMFX
Description
* TEMPLETON FOREIGN FD A
Cash Alternative
Joint Account (88888888)
-
Quantity
17,416
200,000
Price
6.38
$
111,112
%
5.0%
1.00
200,000
200,000
200,000
9.1%
9.1%
9.1%
Portfolio Summary Total
2,208,913 100.0%
Total Portfolio Value as of 12/05/11:__$ 2,208,913
*
Indicates that all or part of this position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified.
The actual value and/or performance of these assets may differ from that shown.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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®
Jim & Susan
Portfolio Diversification
By: Asset Class, Security Sub Type
Cost($)
Equity
Common Stock
Equity Fund
Cash Alternative
Cash Alternative
Portfolio Diversification Total
Market
Value($)
Unrealized
G/L($)
2,008,913
307,245
1,701,668
200,000
200,000
200,000
200,000
2,208,913
0
0
Estimated
Income
Annualzd($)
-
Estimated
Yield
Annualzd(%)
-
-
-
9.1%
9.1%
-
-
100.0%
% of Portfolio
90.9%
13.9%
77.0%
Total Portfolio Value as of 12/05/11:__$ 2,208,913
This report is not a substitute for your own records and the year-end 1099 form. Cost data and acquisition dates provided by you are not verified by our firm. Our firm does not render legal, accounting or
tax advice. Transactions requiring tax considerations should be reviewed carefully with your accountant or tax advisor.
Unless indicated otherwise, the Price and Cost are adjusted on certain fixed income securities for amortization (if purchased at a premium), accretion (if purchased at a discount) and/or commission and fees.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
Estimated Income Annualized (EIA) takes your current income, based on the current dividends or interest paid by your securities and multiplies it to create an annualized hypothetical figure. It does not reflect
actual or future performance and should not be relied upon when making financial decisions. Estimated Yield Annualized (EYA) is the EIA divided by the current market value. It does not reflect changes in
price, which may fluctuate. All annualizations are based upon current positions using a simple mathematical calculation and assumes all figures remain constant for a year; any subsequent position changes
will affect these calculations. Calculations for certain types of securities could include a return of principal or capital gain, in which case the figures would be overstated. Past performance is not a guarantee of
future results. As these hypothetical calculations are solely based on mathematical principles, no consideration is given for premium or discount at purchase for bonds, which will affect the yield the investor
will realize on the bond if held to redemption date, called or sold prior to maturity. Dividend payments are made solely at the discretion of the issuer and are subject to be changed or eliminated at any
time. Estimated Income and Estimated Yield are estimates and the actual income and yield might be lower or higher than the estimated amounts. Estimated Yield reflects only the income generated by an
investment. It does not reflect changes in price, which may fluctuate. Please note, EIA and EYA are only available on client reports.
12/06/2011
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Jim & Susan
Realized Gain and Loss
By: Account Tax Status,Holding Term,Asset Class
Purch Cost
Adj Cost
Proceeds($)
Gain/Loss
Purch($)
Adj($)
Total Portfolio Value as of 12/05/11:__$ 2,208,913
This report is not a substitute for your own records and the year-end 1099 form. Cost data and acquisition dates provided by you are not verified by our firm. Our firm does not render legal, accounting or
tax advice. Transactions requiring tax considerations should be reviewed carefully with your accountant or tax advisor.
Long-term investment assets are defined as assets that have been held for at least 366 days (more than one year) and may be subject to tax treatment as long-term capital gains. Conversely, short-term
investment assets are those that have been held for one year or less and may be subject to tax treatment as short-term capital gains. Miscellaneous indicates insufficient data to determine holding term.
This report contains only positions that were closed since January 1 of the current year.
Adjusted Cost: Cost bases on certain fixed income securities have been adjusted for amortization, if purchased at a premium, or accretion, if purchased at a discount.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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Envision
®
Jim & Susan
Realized Gain and Loss - Security Detail
By: Account Tax Status,Holding Term,Asset Class
Description
ID
Purch Date
Quantity
Orig Price
Adj Price Close Price
Purch Cost
Adj Cost
Proceeds($)
Gain /Loss
Purch($)
Adj($)
Close Date
Total Portfolio Value as of 12/05/11:__$ 2,208,913
This report is not a substitute for your own records and the year-end 1099 form. Cost data and acquisition dates provided by you are not verified by our firm. Our firm does not render legal, accounting or
tax advice. Transactions requiring tax considerations should be reviewed carefully with your accountant or tax advisor.
Long-term investment assets are defined as assets that have been held for at least 366 days (more than one year) and may be subject to tax treatment as long-term capital gains. Conversely, short-term
investment assets are those that have been held for one year or less and may be subject to tax treatment as short-term capital gains. Miscellaneous indicates insufficient data to determine holding term.
This report contains only positions that were closed since January 1 of the current year.
Adjusted price/cost on certain fixed income securities has been adjusted using amortization calculations for a premium or accretion for a discount.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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®
Jim & Susan
Unrealized Gain and Loss
By: Account Tax Status,Holding Term,Asset Class
Purch Cost
Taxable Accounts
Long Term
Equity
Term Not Available
Cash Alternative
Adj Cost
247,000
251,701
4,701
4,701
47,000
47,000
47,000
47,000
51,701
51,701
4,701
4,701
4,701
4,701
200,000
200,000
200,000
200,000
200,000
200,000
0
0
0
0
1,753,497
Long Term
Equity
255,544
255,544
Term Not Available
Equity
Long Term
Equity
Unrealized Gain and Loss Total
Gain/Loss
Purch($)
Adj($)
247,000
Tax Deferred Accounts
Tax Advantaged Education Accounts
Mkt Value($)
1,497,952
1,497,952
245,055
245,055
203,716
-41,339
-41,339
245,055
245,055
245,055
245,055
203,716
203,716
-41,339
-41,339
-41,339
-41,339
492,055
492,055
2,208,913
-36,639
-36,639
Total Portfolio Value as of 12/05/11:__$ 2,208,913
This report is not a substitute for your own records and the year-end 1099 form. Cost data and acquisition dates provided by you are not verified by our firm. Our firm does not render legal, accounting or
tax advice. Transactions requiring tax considerations should be reviewed carefully with your accountant or tax advisor.
Long-term investment assets are defined as assets that have been held for at least 366 days (more than one year) and may be subject to tax treatment as long-term capital gains. Conversely, short-term
investment assets are those that have been held for one year or less and may be subject to tax treatment as short-term capital gains. Term Not Available indicates insufficient data to determine holding term.
Adjusted Cost: Cost bases on certain fixed income securities have been adjusted for amortization, if purchased at a premium, or accretion, if purchased at a discount.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
Page 108 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Unrealized Gain and Loss - Security Detail
By: Account Tax Status,Holding Term,Asset Class
Description
ID
Purch Date
Orig Price
Adj Price
Mkt Price
Purch Cost Adj Cost
Mkt Value($)
Gain /Loss
Purch($)
Adj($)
Quantity
Taxable Accounts
Long Term
Equity
* APPLE INC
AAPL
* OFFICE DEPOT INC
ODP
* WELLS FARGO COMPANY
WFC
247,000
251,701
4,701
4,701
47,000
47,000
51,701
4,701
4,701
05/05/03
393.01
47,000
20,000
47,000
20,000
51,701
25,535
4,701
5,535
4,701
5,535
01/26/05
2.44
10,500
10,500
10,083
-417
-417
08/13/04
26.74
16,500
16,500
16,083
-417
-417
200,000
200,000
200,000
0
0
200,000
200,000
200,000
200,000
200,000
200,000
0
0
0
0
65
4,132
601
Term Not Available
Cash Alternative
1.00
-
247,000
1.00
1.00
200,000
Tax Deferred Accounts
1,753,497
Long Term
Equity
* ALCOA INC
AA
* APPLE INC
AAPL
* CATERPILLAR INC
CAT
* CHEVRON CORPORATION
CVX
12/06/2011
255,544
09/22/06
10.00
255,544
12,538
06/14/03
393.01
63,838
04/13/08
96.85
37,425
03/27/06
102.82
25,438
1,254
162
386
247
© 2011 Wells Fargo Advisors. All Rights Reserved.
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®
Description
ID
Quantity
* HOME DEPOT INC
HD
330
* LOWES COMPANIES INC
LOW
532
* MICROSOFT CORP
MSFT
959
* OFFICE DEPOT INC
ODP
10,331
* WELLS FARGO COMPANY
WFC
1,504
Jim & Susan
Purch Date
Orig Price
Adj Price
Mkt Price
Purch Cost Adj Cost
02/01/08
40.23
13,290
02/01/08
24.35
12,958
03/12/04
25.70
24,645
10/22/08
2.44
25,207
05/14/09
26.74
40,207
Term Not Available
32.89
1,497,952
151,987
29.50
456,813
30.11
231,774
17.93
198,634
23.75
152,766
24.46
152,811
34.22
76,361
6.38
76,806
Tax Advantaged Education
Accounts
Long Term
12/06/2011
Gain /Loss
Purch($)
Adj($)
1,497,952
Equity
* DAVIS NY VENTURE FD CL A
NYVTX
4,621
* GROWTH FUND AMERICA FD A
AGTHX
15,485
* HARTFORD CAP APPREC FD-A
ITHAX
7,698
* HARTFORD MID CAP FD CL-A
HFMCX
11,078
* KEELEY S/C VALU FD CL-A
KSCVX
6,432
* NEW ECONOMY FD SBI CL A
ANEFX
6,247
* SMALLCAP WORLD FUND CL A
SMCWX
2,231
* TEMPLETON FOREIGN FD A
TEMFX
12,039
Equity
* DAVIS NY VENTURE FD CL A
NYVTX
601
Mkt Value($)
04/17/09
32.89
245,055
245,055
203,716
-41,339
-41,339
245,055
245,055
203,716
-41,339
-41,339
245,055
19,110
245,055
19,110
203,716
19,758
-41,339
648
-41,339
648
© 2011 Wells Fargo Advisors. All Rights Reserved.
Page 110 of 164
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®
Description
Jim & Susan
Purch Date
ID
Quantity
* DAVIS NY VENTURE FD CL A
NYVTX
323
* GROWTH FUND AMERICA FD A
AGTHX
1,342
* GROWTH FUND AMERICA FD A
AGTHX
723
* HARTFORD CAP APPREC FD-A
ITHAX
445
* HARTFORD CAP APPREC FD-A
ITHAX
120
* KEELEY S/C VALU FD CL-A
KSCVX
901
* KEELEY S/C VALU FD CL-A
KSCVX
1,672
* TEMPLETON FOREIGN FD A
TEMFX
2,247
* TEMPLETON FOREIGN FD A
TEMFX
3,130
Orig Price
Adj Price
Mkt Price
Purch Cost Adj Cost
Mkt Value($)
Gain /Loss
Purch($)
Adj($)
06/04/09
32.89
17,640
17,640
10,639
-7,001
-7,001
06/04/08
29.50
37,050
37,050
39,591
2,541
2,541
11/02/08
29.50
34,200
34,200
21,318
-12,882
-12,882
01/13/08
30.11
13,650
13,650
13,391
-259
-259
02/14/09
30.11
6,480
6,480
3,605
-2,875
-2,875
03/22/07
23.75
34,200
34,200
21,387
-12,813
-12,813
01/13/08
23.75
37,050
37,050
39,719
2,669
2,669
03/22/07
6.38
25,200
25,200
14,337
-10,863
-10,863
04/17/09
6.38
20,475
20,475
19,970
-506
-506
492,055
492,055
2,208,913
-36,639
-36,639
Unrealized Gain and Loss Total
Total Portfolio Value as of 12/05/11:__$ 2,208,913
*
Indicates that the position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified. The actual
value and/or performance of these assets may differ from that shown.
This report is not a substitute for your own records and the year-end 1099 form. Cost data and acquisition dates provided by you are not verified by our firm. Our firm does not render legal, accounting or
tax advice. Transactions requiring tax considerations should be reviewed carefully with your accountant or tax advisor.
Long-term investment assets are defined as assets that have been held for at least 366 days (more than one year) and may be subject to tax treatment as long-term capital gains. Conversely, short-term
investment assets are those that have been held for one year or less and may be subject to tax treatment as short-term capital gains. Term Not Available indicates insufficient data to determine holding term.
Adjusted price/cost on certain fixed income securities has been adjusted using amortization calculations for a premium or accretion for a discount.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
Page 111 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Initial Investment (Gain/Loss)
By: Position Level
Initial Investment Gain/Loss does not include costs associated with reinvested shares from dividends and/or capital gains
ID
Description
Quantity Purch Date
Mkt Price($)
Initial Inv Cost($)
Jim's Profit Share Plan (88888888)
Mkt Value($) Initial Inv Gain/Loss($)
427,806
HFMCX
* HARTFORD MID CAP FD CL-A
11,078.29
17.93
198,634
ANEFX
* NEW ECONOMY FD SBI CL A
6,247.40
24.46
152,811
SMCWX
* SMALLCAP WORLD FUND CL A
2,231.48
34.22
76,361
John's 529 (88888888)
NYVTX
* DAVIS NY VENTURE FD CL A
AGTHX
245,055
1,273,862
1,028,807
5,545.29
-
32.89
36,750
182,384
145,634
* GROWTH FUND AMERICA FD A
17,549.90
-
29.50
71,250
517,722
446,472
ITHAX
* HARTFORD CAP APPREC FD-A
8,262.06
-
30.11
20,130
248,771
228,641
KSCVX
* KEELEY S/C VALU FD CL-A
9,005.15
-
23.75
71,250
213,872
142,622
TEMFX
* TEMPLETON FOREIGN FD A
17,415.73
-
6.38
45,675
111,112
65,437
247,000
380,952
133,952
393.01
20,000
89,374
69,374
1.00
200,000
200,000
0
Joint Account (88888888)
AAPL
* APPLE INC
227.41
-
200,000.00
ODP
* OFFICE DEPOT INC
WFC
* WELLS FARGO COMPANY
14,462.81
-
2.44
10,500
35,289
24,789
2,105.05
-
26.74
16,500
56,289
39,789
Susan's IRA (88888888)
AA
* ALCOA INC
CAT
126,293
1,253.76
09/22/06
10.00
12,538
* CATERPILLAR INC
386.42
04/13/08
96.85
37,425
CVX
* CHEVRON CORPORATION
247.40
03/27/06
102.82
25,438
HD
* HOME DEPOT INC
330.34
02/01/08
40.23
13,290
LOW
* LOWES COMPANIES INC
532.14
02/01/08
24.35
12,958
MSFT
* MICROSOFT CORP
958.96
03/12/04
25.70
24,645
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
Page 112 of 164
This is a Preliminary Report
Envision
®
ID
Jim & Susan
Description
Quantity Purch Date
Mkt Price($)
Initial Inv Cost($)
Initial Investment Total
492,055
Mkt Value($) Initial Inv Gain/Loss($)
2,208,913
1,716,858
Total Portfolio Value as of 12/05/11:__$ 2,208,913
*
Indicates that all or part of this position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified.
The actual value and/or performance of these assets may differ from that shown.
This report does NOT include all of your cost lot information. This is not an accurate representation of your gains or losses from an IRS perspective and should not be used for tax purposes. The purpose of
this report is to show how much your initial investments have changed including automatic reinvestments of dividends and capital gains and change in market value.
Purchase Date is the date you purchased the security. A (-) in the Purchase Date column indicated that you have multiple purchases of the security on multiple dates.
The Initial Inv Gain/Loss is the Mkt Value of the shares held minus the Initial Purchase Price of the purchases excluding the costs of the reinvestments as well as all fee charges and commissions.
If you purchased multiple lots of the security, the total of all Initial Investments is shown.
Mkt Price is the previous business day's closing price. Mkt Value is the value of the total number of shares currently held (shares purchased plus shares acquired via reinvestment) times the Mkt Price.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
Page 113 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Initial Investment (Gain/Loss)
By: Lot Level
Initial Investment Gain/Loss does not include costs associated with reinvested shares from dividends and/or capital gains
ID
Description
Quantity Purch Date
Mkt Price($)
Initial Inv Cost($)
Jim's Profit Share Plan (88888888)
NYVTX
* DAVIS NY VENTURE FD CL A
AGTHX
Mkt Value($) Initial Inv Gain/Loss($)
1,497,952
4,621.07
32.89
151,987
* GROWTH FUND AMERICA FD A
15,485.20
29.50
456,813
ITHAX
* HARTFORD CAP APPREC FD-A
7,697.57
30.11
231,774
HFMCX
* HARTFORD MID CAP FD CL-A
11,078.29
17.93
198,634
KSCVX
* KEELEY S/C VALU FD CL-A
6,432.25
23.75
152,766
ANEFX
* NEW ECONOMY FD SBI CL A
6,247.40
24.46
152,811
SMCWX
* SMALLCAP WORLD FUND CL A
2,231.48
34.22
76,361
TEMFX
* TEMPLETON FOREIGN FD A
12,038.52
6.38
76,806
John's 529 (88888888)
NYVTX
* DAVIS NY VENTURE FD CL A
AGTHX
127,335
132,429
5,094
600.74
04/17/09
32.89
19,110
19,758
648
* GROWTH FUND AMERICA FD A
1,342.05
06/04/08
29.50
37,050
39,591
2,541
ITHAX
* HARTFORD CAP APPREC FD-A
444.75
01/13/08
30.11
13,650
13,391
-259
KSCVX
* KEELEY S/C VALU FD CL-A
1,672.38
01/13/08
23.75
37,050
39,719
2,669
TEMFX
* TEMPLETON FOREIGN FD A
3,130.02
04/17/09
6.38
20,475
19,970
-506
247,000
251,701
4,701
393.01
20,000
25,535
5,535
1.00
200,000
200,000
0
Joint Account (88888888)
AAPL
* APPLE INC
64.97
05/05/03
200,000.00
ODP
* OFFICE DEPOT INC
WFC
* WELLS FARGO COMPANY
4,132.23
01/26/05
2.44
10,500
10,083
-417
601.44
08/13/04
26.74
16,500
16,083
-417
117,720
71,287
-46,433
Sara's 529 (88888888)
NYVTX
* DAVIS NY VENTURE FD CL A
323.48
06/04/09
32.89
17,640
10,639
-7,001
AGTHX
* GROWTH FUND AMERICA FD A
722.64
11/02/08
29.50
34,200
21,318
-12,882
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
Page 114 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
ID
Description
Quantity Purch Date
Mkt Price($)
Initial Inv Cost($)
ITHAX
* HARTFORD CAP APPREC FD-A
119.74
KSCVX
* KEELEY S/C VALU FD CL-A
TEMFX
* TEMPLETON FOREIGN FD A
02/14/09
30.11
6,480
3,605
-2,875
900.51
03/22/07
23.75
34,200
21,387
-12,813
2,247.19
03/22/07
6.38
25,200
14,337
-10,863
Susan's IRA (88888888)
Mkt Value($) Initial Inv Gain/Loss($)
255,544
AA
* ALCOA INC
1,253.76
09/22/06
10.00
12,538
AAPL
* APPLE INC
162.43
06/14/03
393.01
63,838
CAT
* CATERPILLAR INC
386.42
04/13/08
96.85
37,425
CVX
* CHEVRON CORPORATION
247.40
03/27/06
102.82
25,438
HD
* HOME DEPOT INC
330.34
02/01/08
40.23
13,290
LOW
* LOWES COMPANIES INC
532.14
02/01/08
24.35
12,958
MSFT
* MICROSOFT CORP
958.96
03/12/04
25.70
24,645
ODP
* OFFICE DEPOT INC
10,330.58
10/22/08
2.44
25,207
WFC
* WELLS FARGO COMPANY
1,503.61
05/14/09
26.74
40,207
Initial Investment Total
492,055
2,208,913
1,716,858
Total Portfolio Value as of 12/05/11:__$ 2,208,913
*
Indicates that the position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified. The actual
value and/or performance of these assets may differ from that shown.
This report does NOT include all of your cost lot information. This is not an accurate representation of your gains or losses from an IRS perspective and should not be used for tax purposes. The purpose of
this report is to show how much your initial investments have changed including automatic reinvestments of dividends and capital gains and change in market value.
Purchase Date is the date you purchased the security. A blank will indicate unknown Purchase Date.
Initial Investment will not include the effects of sales charges and commissions. The Initial Investment Cost of reinvested lots will be shown as zero.
Mkt Price is the previous business day's closing price. Mkt Value is the value of the total number of shares times the Mkt Price.
The Initial Inv Gain/Loss is the Mkt Value of the shares held minus the Initial Purchase Price. It does not include the effects of fees charged or commissions.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
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Jim & Susan
Equity Overview
Security Sub Type
Security Sub Type
Sector
Market Value($)
% Equity
Equity Fund
Common Stock
1,701,668
307,245
84.7%
15.3%
Security Sub
Type Total
2,008,913
100.0%
Sector
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Telecom Services
Utilities
Unclassified
Total
% Equity
14.7%
5.0%
10.4%
16.1%
10.5%
13.8%
20.4%
6.1%
2.0%
1.1%
0.0%
100.0%
Total Portfolio Value as of 12/05/11: $ 2,208,913
The securities included in the Sector section are Stocks, REITs, MLPs, Mutual Funds, ETFs, CEFs, sector specific UITs, Options and Warrants.
Funds include open end mutual funds, exchange-traded funds and closed end funds. Equity sectors are fully defined in the Equity Analysis section of the Understanding Your Portfolio report.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
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®
Jim & Susan
Equity Sector Weightings
By: Sector
Subtotals and totals are weighted averages based on market value
Sector
% of Equity
20 %
16 %
12 %
8%
4%
0%
Consumer
Discretionary
Consumer
Staples
Energy
Financials
Health
Care
Industrials
Information
Technology
Materials
Telecom
Services
Utilities
Unclassified
Market Value
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Telecom Services
Utilities
Unclassified
Equity Sector Weightings Total
$
294,490
100,626
208,694
322,524
211,162
277,135
409,140
122,691
40,280
22,135
%
14.7%
5.0%
10.4%
16.1%
10.5%
13.8%
20.4%
6.1%
2.0%
1.1%
2,008,878
100.0%
Total Portfolio Value as of 12/05/11 : $2,208,913
The securities included in this report are Stocks, REITs, MLPs, Mutual Funds, ETFs, CEFs, sector specific UITs, Options and Warrants.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
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Jim & Susan
Equity Sector Weightings - Security Detail
By: Sector
Subtotals and totals are weighted averages based on market value
ID
Description
Consumer Discretionary
NYVTX
* DAVIS NY VENTURE FD CL A
Fund%
Market Value
$
%
5.8%
294,490
10,524
14.7%
0.5%
AGTHX
* GROWTH FUND AMERICA FD A
19.4%
100,386
5.0%
ITHAX
* HARTFORD CAP APPREC FD-A
10.3%
25,574
1.3%
HFMCX
* HARTFORD MID CAP FD CL-A
9.9%
19,645
1.0%
HD
* HOME DEPOT INC
13,290
0.7%
KSCVX
* KEELEY S/C VALU FD CL-A
25,857
1.3%
LOW
* LOWES COMPANIES INC
12,958
0.6%
ANEFX
* NEW ECONOMY FD SBI CL A
28,515
1.4%
ODP
* OFFICE DEPOT INC
35,289
1.8%
SMCWX
* SMALLCAP WORLD FUND CL A
20.2%
15,387
0.8%
TEMFX
* TEMPLETON FOREIGN FD A
6.4%
7,067
0.4%
16.4%
100,626
29,838
5.0%
1.5%
Consumer Staples
NYVTX
* DAVIS NY VENTURE FD CL A
12.1%
18.7%
AGTHX
* GROWTH FUND AMERICA FD A
7.0%
35,982
1.8%
ITHAX
* HARTFORD CAP APPREC FD-A
4.7%
11,692
0.6%
HFMCX
* HARTFORD MID CAP FD CL-A
2.0%
3,953
0.2%
KSCVX
* KEELEY S/C VALU FD CL-A
4.6%
9,924
0.5%
ANEFX
* NEW ECONOMY FD SBI CL A
1.1%
1,605
0.1%
SMCWX
* SMALLCAP WORLD FUND CL A
5.2%
3,956
0.2%
TEMFX
* TEMPLETON FOREIGN FD A
3.3%
3,678
0.2%
Energy
CVX
* CHEVRON CORPORATION
208,694
25,438
10.4%
1.3%
NYVTX
* DAVIS NY VENTURE FD CL A
16.0%
29,200
1.5%
AGTHX
* GROWTH FUND AMERICA FD A
11.4%
58,865
2.9%
ITHAX
* HARTFORD CAP APPREC FD-A
12.9%
32,042
1.6%
HFMCX
* HARTFORD MID CAP FD CL-A
8.3%
16,546
0.8%
KSCVX
* KEELEY S/C VALU FD CL-A
11.6%
24,809
1.2%
ANEFX
* NEW ECONOMY FD SBI CL A
1.9%
2,903
0.1%
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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®
ID
Jim & Susan
Description
Fund%
Market Value
6.7%
$
5,147
%
0.3%
SMCWX
* SMALLCAP WORLD FUND CL A
TEMFX
* TEMPLETON FOREIGN FD A
12.4%
13,745
0.7%
Financials
NYVTX
* DAVIS NY VENTURE FD CL A
28.2%
322,524
51,378
16.1%
2.6%
AGTHX
* GROWTH FUND AMERICA FD A
8.3%
43,126
2.1%
ITHAX
* HARTFORD CAP APPREC FD-A
18.9%
47,067
2.3%
HFMCX
* HARTFORD MID CAP FD CL-A
12.9%
25,604
1.3%
KSCVX
* KEELEY S/C VALU FD CL-A
18.5%
39,566
2.0%
ANEFX
* NEW ECONOMY FD SBI CL A
14.1%
21,592
1.1%
SMCWX
* SMALLCAP WORLD FUND CL A
11.5%
8,789
0.4%
TEMFX
* TEMPLETON FOREIGN FD A
26.2%
29,111
1.4%
WFC
* WELLS FARGO COMPANY
56,289
2.8%
Health Care
NYVTX
* DAVIS NY VENTURE FD CL A
13.2%
211,162
24,057
10.5%
1.2%
AGTHX
* GROWTH FUND AMERICA FD A
12.7%
65,802
3.3%
ITHAX
* HARTFORD CAP APPREC FD-A
11.6%
28,857
1.4%
HFMCX
* HARTFORD MID CAP FD CL-A
18.4%
36,509
1.8%
KSCVX
* KEELEY S/C VALU FD CL-A
3.6%
7,657
0.4%
ANEFX
* NEW ECONOMY FD SBI CL A
16.0%
24,480
1.2%
SMCWX
* SMALLCAP WORLD FUND CL A
14.7%
11,233
0.6%
TEMFX
* TEMPLETON FOREIGN FD A
11.3%
12,567
0.6%
Industrials
CAT
* CATERPILLAR INC
277,135
37,425
13.8%
1.9%
NYVTX
* DAVIS NY VENTURE FD CL A
5.6%
10,232
0.5%
AGTHX
* GROWTH FUND AMERICA FD A
9.4%
48,511
2.4%
ITHAX
* HARTFORD CAP APPREC FD-A
15.3%
38,062
1.9%
HFMCX
* HARTFORD MID CAP FD CL-A
16.9%
33,549
1.7%
KSCVX
* KEELEY S/C VALU FD CL-A
32.6%
69,808
3.5%
ANEFX
* NEW ECONOMY FD SBI CL A
11.5%
17,619
0.9%
SMCWX
* SMALLCAP WORLD FUND CL A
16.4%
12,485
0.6%
TEMFX
* TEMPLETON FOREIGN FD A
8.5%
9,445
0.5%
409,140
89,374
20.4%
4.4%
Information Technology
AAPL
* APPLE INC
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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®
ID
Jim & Susan
Description
Fund%
Market Value
7.0%
$
12,822
%
0.6%
NYVTX
* DAVIS NY VENTURE FD CL A
AGTHX
* GROWTH FUND AMERICA FD A
22.9%
118,558
5.9%
ITHAX
* HARTFORD CAP APPREC FD-A
19.5%
48,510
2.4%
HFMCX
* HARTFORD MID CAP FD CL-A
20.5%
40,740
2.0%
KSCVX
* KEELEY S/C VALU FD CL-A
3.0%
6,309
0.3%
MSFT
* MICROSOFT CORP
24,645
1.2%
ANEFX
* NEW ECONOMY FD SBI CL A
26.9%
41,152
2.0%
SMCWX
* SMALLCAP WORLD FUND CL A
14.8%
11,263
0.6%
TEMFX
* TEMPLETON FOREIGN FD A
14.2%
15,767
0.8%
Materials
AA
* ALCOA INC
122,691
12,538
6.1%
0.6%
NYVTX
* DAVIS NY VENTURE FD CL A
7.4%
13,551
0.7%
AGTHX
* GROWTH FUND AMERICA FD A
6.8%
35,050
1.7%
ITHAX
* HARTFORD CAP APPREC FD-A
6.4%
16,021
0.8%
HFMCX
* HARTFORD MID CAP FD CL-A
4.7%
9,376
0.5%
KSCVX
* KEELEY S/C VALU FD CL-A
11.2%
23,911
1.2%
ANEFX
* NEW ECONOMY FD SBI CL A
1.7%
2,583
0.1%
SMCWX
* SMALLCAP WORLD FUND CL A
7.1%
5,429
0.3%
TEMFX
* TEMPLETON FOREIGN FD A
3.8%
4,233
0.2%
Telecom Services
NYVTX
* DAVIS NY VENTURE FD CL A
0.4%
40,280
784
2.0%
0.0%
AGTHX
* GROWTH FUND AMERICA FD A
2.0%
10,510
0.5%
ITHAX
* HARTFORD CAP APPREC FD-A
0.4%
970
0.0%
HFMCX
* HARTFORD MID CAP FD CL-A
1.5%
2,940
0.1%
ANEFX
* NEW ECONOMY FD SBI CL A
6.7%
10,299
0.5%
SMCWX
* SMALLCAP WORLD FUND CL A
1.4%
1,077
0.1%
TEMFX
* TEMPLETON FOREIGN FD A
12.3%
13,700
0.7%
Utilities
AGTHX
* GROWTH FUND AMERICA FD A
0.2%
22,135
932
1.1%
0.0%
HFMCX
* HARTFORD MID CAP FD CL-A
4.9%
9,753
0.5%
KSCVX
* KEELEY S/C VALU FD CL-A
2.8%
6,010
0.3%
ANEFX
* NEW ECONOMY FD SBI CL A
1.4%
2,063
0.1%
SMCWX
* SMALLCAP WORLD FUND CL A
2.1%
1,588
0.1%
12/06/2011
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ID
TEMFX
Jim & Susan
Description
* TEMPLETON FOREIGN FD A
Fund%
1.6%
Market Value
$
1,789
%
0.1%
2,008,878
100.0%
Unclassified
Equity Sector Weightings Total
Total Portfolio Value as of 12/05/11 : $2,208,913
*
Indicates that all or part of this position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified.
The actual value and/or performance of these assets may differ from that shown.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
Page 121 of 164
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Envision
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Jim & Susan
Stock Statistics
By: Asset Class Detail
Subtotals and totals are weighted averages based on market value of underlying securities
Large Cap Growth(53.6%)
Large Cap Value(34.9%)
Small Cap Value(11.5%)
Description
Mkt Value($)
Div Yld
EPS($)
1 Yr Fwd
Large Cap Growth
164,734
1.10%
23.66
12.7x
10.3x
17.01%
0.6x
Large Cap Value
107,222
2.29%
5.08
9.3x
8.9x
15.55%
Small Cap Value
35,289
0.08
-49.0x
27.1x
14.47
4.4x
11.7x
Stock Statistics Total
307,245
1.39%
P/E
P/E
Current 1 Yr Fwd
LT Earnings
Grwth
3 - 5 yr
PEG P/B Ratio
Ratio
BETA
2-3 yr
Mkt Cap
$ in blns
Percent of
Stocks
Port
4.2x
1.13
231.25
53.6%
7.5%
0.8x
1.1x
1.67
113.26
34.9%
4.9%
20.60%
1.3x
0.7x
3.73
0.55
11.5%
1.6%
16.91%
0.8x
2.7x
1.62
163.58
100.0%
13.9%
Total Portfolio Value as of 12/5/11:__$ 2,208,913
EPS 1 Year Fwd - is the estimated earnings per share for the next 12 months. There is no assurance that any forward looking statistics will be achieved.
Div Yld - Dividend Yield is calculated by dividing the indicated dividend by the market price. Dividends are not guaranteed and are subject to change or elimination. Past performance is not a guarantee
of future results.
P/E Current - is the price-to-earnings ratio as calculated by dividing the market price by the last 12 months' earnings per share. As with any ratio, it should not be used on a stand-alone basis but instead
should be compared with its industry peers.
P/E 1 Yr Fwd - is the price-to-earnings ratio as calculated by dividing the market price by the estimated earnings for the next 12 months. There is no assurance that any forward looking statistics will be achieved.
LT Earnings Grwth 3-5 yr - is the estimated 3-5-year earnings growth rate provided by First Call, a division of Thomson Reuters. This number represents the mean of analysts' long-term annual estimates
for the specific holding. There is no assurance the earnings estimates stated will be achieved.
PEG Ratio - is the P/E to growth ratio as calculated by dividing the P/E 1 Yr Fwd by the LT Earnings Grwth 3-5 yr.
P/B Ratio - is Price to Book Ratio used to compare a stock's market value to its book value. It is calculated by dividing the current market price of the stock by the most recent quarter's book value (book
value equals total assets minus intangible assets and liabilities).
BETA 2-3 yr - is a measure of volatility, or systematic risk, of a security in comparison to the S&P 500. The BETA of the S&P 500 is 1.00.
Market Cap is market price multiplied by the number of shares outstanding.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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®
Jim & Susan
All statistical data on this report is provided by Thomson Reuters.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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Envision
®
Jim & Susan
Stock Statistics - Security Detail
By: Asset Class Detail
Subtotals and totals are weighted averages based on market value of underlying securities
Large Cap Growth(53.6%)
Large Cap Value(34.9%)
Small Cap Value(11.5%)
Description
ID
Large Cap Growth
* APPLE INC
AAPL
* CATERPILLAR INC
CAT
* HOME DEPOT INC
HD
* MICROSOFT CORP
MSFT
Mkt Value($)
Quantity
12/06/2011
EPS($)
1 Yr Fwd
227
386
330
959
14,463
P/E
P/E
Current 1 Yr Fwd
BETA
2-3 yr
Mkt Cap
$ in blns
1.10%
23.66
12.7x
10.3x
17.01%
0.6x
38.60
13.1x
9.9x
0.6x
2.12%
9.03
13.2x
10.8x
3.18%
2.73
15.7x
14.4x
2.39%
3.04
8.8x
8.4x
18.00%
13
20.00%
3
14.95%
6
10.00%
7
4.2x
1.13
231.25
53.6%
7.5%
4.6x
0.81
337.91
29.1%
4.0%
0.5x
4.3x
2.11
56.07
12.2%
1.7%
1.0x
2.8x
0.90
57.05
4.3%
0.6%
0.8x
3.4x
0.97
204.42
8.0%
1.1%
107,222
2.29%
5.08
9.3x
8.9x
12,538
10.00
25,438
102.82
12,958
24.35
56,289
26.74
1.34%
1.01
9.4x
9.9x
15.55%
0.8x
1.1x
1.67
113.26
34.9%
4.9%
40.90%
2
4.75%
4
13.35%
6
15.30%
6
0.2x
0.6x
2.09
9.53
4.1%
0.6%
3.51%
12.85
6.8x
8.0x
1.7x
1.5x
0.94
183.79
8.3%
1.2%
1.85%
1.78
16.4x
13.5x
1.0x
1.6x
1.23
28.58
4.2%
0.6%
2.04%
3.24
8.7x
8.0x
0.5x
1.0x
2.00
123.98
18.3%
2.5%
35,289
0.08
-49.0x
35,289
2.44
0.08
-49.0x
27.1x
20.60%
1.3x
0.7x
3.73
0.55
11.5%
1.6%
27.1x
20.60%
2
1.3x
0.7x
3.73
0.55
11.5%
1.6%
Mkt Price
164,734
Large Cap Value
* ALCOA INC
AA
1,254
* CHEVRON CORPORATION
CVX
247
* LOWES COMPANIES INC
LOW
532
* WELLS FARGO COMPANY
WFC
2,105
Small Cap Value
* OFFICE DEPOT INC
ODP
Div Yld
89,374
393.01
37,425
96.85
13,290
40.23
24,645
25.70
LT Earnings
Grwth
3 - 5 yr
# Estimates
PEG P/B Ratio
Ratio
© 2011 Wells Fargo Advisors. All Rights Reserved.
Percent of
Stocks
Port
Page 124 of 164
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Jim & Susan
Description
ID
Stock Statistics Total
Quantity
Mkt Value($)
Div Yld
EPS($)
1 Yr Fwd
Mkt Price
307,245
1.39%
14.47
P/E
P/E
Current 1 Yr Fwd
4.4x
11.7x
LT Earnings
Grwth
3 - 5 yr
# Estimates
16.91%
PEG P/B Ratio
Ratio
0.8x
2.7x
BETA
2-3 yr
Mkt Cap
$ in blns
1.62
163.58
Percent of
Stocks
Port
100.0%
13.9%
Total Portfolio Value as of 12/5/11:__$ 2,208,913
*Indicates that all or part of this position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified.
The actual value and/or performance of these assets may differ from that shown.
EPS 1 Year Fwd - is the estimated earnings per share for the next 12 months. There is no assurance that any forward looking statistics will be achieved.
Div Yld - Dividend Yield is calculated by dividing the indicated dividend by the market price. Dividends are not guaranteed and are subject to change or elimination. Past performance is not a guarantee
of future results.
P/E Current - is the price-to-earnings ratio as calculated by dividing the market price by the last 12 months' earnings per share. As with any ratio, it should not be used on a stand-alone basis but instead
should be compared with its industry peers.
P/E 1 Yr Fwd - is the price-to-earnings ratio as calculated by dividing the market price by the estimated earnings for the next 12 months. There is no assurance that any forward looking statistics will be achieved.
LT Earnings Grwth 3-5 yr - is the estimated 3-5-year earnings growth rate provided by First Call, a division of Thomson Reuters. This number represents the mean of analysts' long-term annual estimates
for the specific holding. There is no assurance the earnings estimates stated will be achieved.
PEG Ratio - is the P/E to growth ratio as calculated by dividing the P/E 1 Yr Fwd by the LT Earnings Grwth 3-5 yr.
P/B Ratio - is Price to Book Ratio used to compare a stock's market value to its book value. It is calculated by dividing the current market price of the stock by the most recent quarter's book value (book
value equals total assets minus intangible assets and liabilities).
BETA 2-3 yr - is a measure of volatility, or systematic risk, of a security in comparison to the S&P 500. The BETA of the S&P 500 is 1.00.
Market Cap is market price multiplied by the number of shares outstanding.
All statistical data on this report is provided by Thomson Reuters.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
© 2011 Wells Fargo Advisors. All Rights Reserved.
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®
Jim & Susan
Stock Ratings
By: Security Type Detail
ID
Description
Market
Value($)
RS
Quant Info
QG
QC
QV
Fundamental Rating
CS* S&P SB WFS
Stock-Consumer Discretionary
HD
* HOME DEPOT INC
LOW
* LOWES COMPANIES INC
ODP
* OFFICE DEPOT INC
61,536
13,290
12,958
35,289
91
79
11
1
2
1
1
2
1
1
3
1
1
1
2
3
3
3
2
2
1
Stock-Energy
CVX
* CHEVRON CORPORATION
25,438
25,438
73
1
1
1
1
5
Stock-Financials
WFC
* WELLS FARGO COMPANY
56,289
56,289
50
2
2
1
2
Stock-Industrials
CAT
* CATERPILLAR INC
37,425
37,425
67
2
2
2
1
Stock-Information Technology
AAPL
* APPLE INC
MSFT
* MICROSOFT CORP
114,019
89,374
24,645
84
72
1
1
1
1
1
1
Stock-Materials
AA
* ALCOA INC
12,538
12,538
14
1
1
1
Stock Ratings Total
307,245
1
1
% Stock
% Port
A
AC
20.0%
4.3%
4.2%
11.5%
2.8%
0.6%
0.6%
1.6%
1
A
8.3%
8.3%
1.2%
1.2%
4
1
A-
18.3%
18.3%
2.5%
2.5%
4
1
A+
12.2%
12.2%
1.7%
1.7%
B
A-
37.1%
29.1%
8.0%
5.2%
4.0%
1.1%
B-
4.1%
4.1%
0.6%
0.6%
4
4
4
1
1
1
1
2
S&P E&D
Rating
100.0%
13.9%
Total Portfolio Value as of 12/05/11:__$ 2,208,913
*
Indicates that all or part of this position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified.
The actual value and/or performance of these assets may differ from that shown.
RS - Relative Strength (Price Momentum): The 9-month relative strength measures each stock's price performance over a combination of the past 3, 6, and 9 months relative to a universe of approximately 7000 stocks. Since it is a percentile score,
1 is the worst, 99 is the best. A stock with a 70 indicates that it ranks better than 70% of the approximately 7,000 equities universe it is evaluated against with respect to its price movement.
(QV) Quantitative Value, (QG) Quantitative Growth and (QC) Quantitative Core represent Quantitative Analysis (QA) based on models from the Prudential Equity Group. The quantitative recommendations are below:
QV1, QG1, QC1: (Positive)
QV2, QG2, QC2: (Positive)
QV3, QG3, QC3: (Neutral)
QV4, QG4, QC4: (Negative)
12/06/2011
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QV5, QG5, QC5: (Negative)
* Investment decisions should not be completed without a thorough reading of the correspondent research report.
CS (Credit Suisse): Outperform (1), Neutral (2), Underperform (3)
S&P (Standard and Poor's): Strong Buy (5), Buy (4), Hold (3), Sell (2), Strong Sell (1)
SB (Sanford Bernstein): Outperform (1), Market Perform (2), Underperform (3)
WFS (Wells Fargo Securities, LLC): Outperform (1), Market Perform (2), Underperform (3)
Wells Fargo Securities, LLC is a separate, nonbank affiliate of Wells Fargo & Company and an affiliate of Wells Fargo Advisors.
S&P Earnings & Dividend (Quality) Rank - S&P's appraisal of the growth and stability of earnings and dividends over the past 10 years for individual companies are indicated by the following quality ranks. Quality Rankings are not intended to predict
stock movements.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
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Stock Returns
By: Security Type Detail
Securities
Market
Values($)
Unrealized
Gain/Loss($)
1 Mo
Total Return Percentage
3 Mo
YTD
%Stock
%Port
52 Week
Stock-Consumer Discretionary
3
61,536
51,036
6.99%
13.31%
-28.77%
-23.49%
20.0%
2.8%
Stock-Energy
1
25,438
-
-1.95%
6.32%
14.96%
24.14%
8.3%
1.2%
Stock-Financials
1
56,289
39,789
2.92%
8.24%
-14.43%
-7.86%
18.3%
2.5%
Stock-Industrials
1
37,425
-
2.50%
13.39%
4.71%
10.66%
12.2%
1.7%
Stock-Information Technology
2
114,019
94,019
-2.02%
2.95%
14.75%
16.82%
37.1%
5.2%
Stock-Materials
1
12,538
-
-7.38%
-17.46%
-35.07%
-29.07%
4.1%
0.6%
Stock Returns Total
9
307,245
260,245
1.03%
6.71%
-2.55%
2.21%
100.0%
13.9%
Total Portfolio Value as of 12/05/11:__$ 2,208,913
Total returns reflect market returns of securities and not holding returns based on your portfolio. Total Return percentage is provided by FactSet and takes into account price appreciation/depreciation
and dividends paid.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
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Stock Returns - Security Detail
By: Security Type Detail
ID
Description
Market
Values($)
Unrealized
Gain/Loss($)
1 Mo
Stock-Consumer Discretionary
HD
* HOME DEPOT INC
LOW
* LOWES COMPANIES INC
ODP
* OFFICE DEPOT INC
61,536
13,290
12,958
35,289
51,036
24,789
6.99%
11.80%
13.97%
2.61%
13.31%
25.04%
29.21%
3.06%
-28.77%
17.24%
-0.97%
-56.30%
-23.49%
23.21%
-0.34%
-49.57%
20.0%
4.3%
4.2%
11.5%
2.8%
0.6%
0.6%
1.6%
Stock-Energy
CVX
* CHEVRON CORPORATION
25,438
25,438
-
-1.95%
-1.95%
6.32%
6.32%
14.96%
14.96%
24.14%
24.14%
8.3%
8.3%
1.2%
1.2%
Stock-Financials
WFC
* WELLS FARGO COMPANY
56,289
56,289
39,789
39,789
2.92%
2.92%
8.24%
8.24%
-14.43%
-14.43%
-7.86%
-7.86%
18.3%
18.3%
2.5%
2.5%
Stock-Industrials
CAT
* CATERPILLAR INC
37,425
37,425
-
2.50%
2.50%
13.39%
13.39%
4.71%
4.71%
10.66%
10.66%
12.2%
12.2%
1.7%
1.7%
114,019
89,374
24,645
94,019
69,374
-
-2.02%
-1.94%
-2.31%
2.95%
4.18%
-1.52%
14.75%
20.81%
-7.24%
16.82%
22.49%
-3.72%
37.1%
29.1%
8.0%
5.2%
4.0%
1.1%
12,538
12,538
-
-7.38%
-7.38%
-17.46%
-17.46%
-35.07%
-35.07%
-29.07%
-29.07%
4.1%
4.1%
0.6%
0.6%
307,245
260,245
1.03%
6.71%
-2.55%
2.21%
100.0%
13.9%
Stock-Information Technology
AAPL
* APPLE INC
MSFT
* MICROSOFT CORP
Stock-Materials
AA
* ALCOA INC
Stock Returns Total
Total Return Percentage
3 Mo
YTD
%Stock
%Port
52 Week
Total Portfolio Value as of 12/05/11:__$ 2,208,913
*
Indicates that all or part of this position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified.
The actual value and/or performance of these assets may differ from that shown.
Total returns reflect market returns of securities and not holding returns based on your portfolio. Total Return percentage is provided by FactSet and takes into account price appreciation/depreciation
and dividends paid.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
12/06/2011
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Funds Performance
By: Category
Non-Standardized Average Total Returns as of 10/31/11
Non-standardized returns do not include the effects of sales charges. Had sales charges been included, the quoted performance would be lower. Please see below for information
on the standardized performance of the funds.
ID
Description
Total Return
Relative to Peers
YTD
Net Asset Value (NAV)
Price
1 yr
3 yr
5 yr
10 yr
1 yr
1% Best,100% Worst
# of funds in category
3 yr
5 yr
10 yr
Foreign Large Value
Open End Fund
TEMFX
* TEMPLETON FOREIGN FD A
-5.59%
-3.18%
15.21%
0.59%
6.87%
-6.00%
9.05%
-3.21%
5.77%
17%
3%
6%
29%
361
314
257
152
5.33%
10.95%
-0.31%
3.46%
Large Blend
Open End Fund
NYVTX
ITHAX
* DAVIS NY VENTURE FD CL A
* HARTFORD CAP APPREC FD-A
-4.78%
-11.78%
2.59%
-5.71%
8.77%
9.81%
-1.54%
-1.50%
4.41%
5.32%
82%
83%
80%
21%
1,840
1,617
1,378
825
98%
71%
79%
10%
1,840
1,617
1,378
825
6.33%
13.34%
1.77%
3.52%
86%
77%
75%
21%
1,661
1,475
1,261
794
Large Growth
Open End Fund
AGTHX
ANEFX
* GROWTH FUND AMERICA FD A
* NEW ECONOMY FD SBI CL A
-3.22%
-3.00%
2.41%
0.56%
10.85%
15.29%
0.27%
1.60%
4.90%
5.64%
92%
25%
51%
11%
1,661
1,475
1,261
794
7.65%
16.41%
3.15%
5.92%
85%
86%
57%
19%
764
682
607
412
Mid-Cap Growth
Open End Fund
HFMCX
12/06/2011
* HARTFORD MID CAP FD CL-A
-6.09%
2.53%
12.42%
2.89%
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7.94%
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Non-Standardized Average Total Returns as of 10/31/11
Non-standardized returns do not include the effects of sales charges. Had sales charges been included, the quoted performance would be lower. Please see below for information
on the standardized performance of the funds.
ID
Description
Total Return
Relative to Peers
YTD
Net Asset Value (NAV)
Price
1 yr
3 yr
5 yr
10 yr
1 yr
1% Best,100% Worst
# of funds in category
3 yr
5 yr
10 yr
Small Blend
Open End Fund
KSCVX
* KEELEY S/C VALU FD CL-A
-6.01%
7.17%
9.13%
-0.73%
9.04%
6.60%
14.14%
0.77%
7.19%
44%
93%
75%
16%
651
573
487
284
-0.92%
12.46%
-0.20%
5.47%
85%
11%
24%
7%
886
686
478
274
World Stock
Open End Fund
SMCWX
12/06/2011
* SMALLCAP WORLD FUND CL A
-10.99%
-5.61%
18.02%
1.54%
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8.63%
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Description
Standardized Average Total Returns as of 09/30/11
Standardized performance includes the effects of sales charges as of the most recent quarter end.
Return Since
Inception
1 yr
3 yr
5 yr
10 yr
Inception
Date
Max
Sales Charge
Annual
Exp Ratio
Foreign Large Value
TEMFX
* TEMPLETON FOREIGN FD A
10.50%
10/05/82
-14.08%
-0.66%
-2.15%
5.47%
5.75%
1.2%
Large Blend
NYVTX
* DAVIS NY VENTURE FD CL A
11.14%
02/17/69
-9.70%
-3.00%
-3.91%
2.90%
4.75%
0.9%
ITHAX
* HARTFORD CAP APPREC FD-A
10.76%
07/22/96
-17.03%
-4.09%
-4.09%
3.78%
5.50%
1.2%
12.88%
11/30/73
-8.95%
-1.40%
-2.14%
3.82%
5.75%
0.7%
9.81%
12/01/83
-9.82%
2.32%
-0.70%
4.47%
5.75%
0.9%
9.48%
12/31/97
-12.43%
-1.81%
-0.32%
6.57%
5.50%
1.3%
9.96%
10/01/93
-8.47%
-6.98%
-3.11%
7.52%
4.50%
1.4%
8.27%
04/30/90
-16.13%
2.03%
-0.67%
7.75%
5.75%
1.1%
Large Growth
AGTHX
* GROWTH FUND AMERICA FD A
ANEFX
* NEW ECONOMY FD SBI CL A
Mid-Cap Growth
HFMCX
* HARTFORD MID CAP FD CL-A
Small Blend
KSCVX
* KEELEY S/C VALU FD CL-A
World Stock
SMCWX
* SMALLCAP WORLD FUND CL A
*
Indicates that all or part of this position is not held at our firm and information associated with this position was provided by you. The information provided for assets not held at our firm has not been verified.
The actual value and/or performance of these assets may differ from that shown.
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Non-Standardized Average Annual Total Returns
Mutual fund background information, rankings and performance data are provided by Morningstar, Inc. Non-standardized Returns are calculated based on the Net Asset Value of the mutual fund including
reinvestment of dividends and capital gains and DO NOT include the effects of sales charges. Had sales charges been included, the returns shown would have been lower. Annual expenses such as 12b-1
fees and management expenses are accounted for in the figures. Other share classes with different sales charges are available. The return of each class will vary, depending upon its applicable sales charge.
Open End fund returns will only be displayed as returns on net asset value. Exchange Traded Funds and Closed End Funds will display returns both based on net asset value and on price (including
distributions).
The Peer Rank shows the Open End Fund's rank against all open end funds within its investment category based on total return and DOES NOT include the effects of sales charges. Each rank is expressed
as a percentile where 1=best and 100=worst. Ranking percentages may be rounded. Investment Category is obtained from Morningstar. While the information herein has been obtained from sources we
believe to be reliable, its accuracy and completeness are not guaranteed. Peer ranking is based on funds within the Morningstar category. The returns shown on the summary line for Open End Funds,
Closed End Funds and Exchange Traded Funds in this Relative to Peers section show the average total returns for all the funds within the category as reported by Morningstar.
Standardized Average Annual Total Returns do include the maximum sales charge. The annual expense ratio represents the total of all of a fund's annual fund operating expenses, expressed as
a percentage of the fund's average net assets.
This information represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. These returns reflect
market returns of securities and not holding returns based on your portfolio. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than
their original cost. Mutual funds, Closed-End funds, and Exchange-Traded funds are sold by prospectus. Please consider the investment objectives, risks, charges and expenses carefully
before investing. The prospectus, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.
The percentages in the 'Max Sales Charge' column which are appended with a 'D' represent funds with a deferred load. These percentages are not included in the standardized average total return numbers.
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions.
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Understanding Your Portfolio
General Information
Investing involves risk, including the possible loss of principal. This report is intended to provide
you with a descriptive overview of your current portfolio. The report may encompass one account or
multiple accounts as specified in the report. The material has been prepared or is distributed solely
for information purposes and does not supersede the proper use of your Wells Fargo Advisors
client statements and/or trade confirmations, which are considered to be the official and accurate
records of your account activity. Any market prices are only indications of market values, are
subject to change, and may not reflect the value at which the securities could be sold. Reported
prices should not be considered actual bids. For these reports, in certain groupings, Corporate
Bonds includes Certificates of Deposit. Additionally, the report is prepared as of trade date, rather
than settlement date, and may be prepared on a different date than your statement. The information
contained in this report may not reflect all holdings or transactions, their costs, or proceeds in your
account.
The report may also include information you provided about assets held at other firms. Information
on assets held away from Wells Fargo Advisors was provided by you and may not be covered
by SIPC. We have relied solely on information from you regarding those assets. We do not verify
or confirm those assets held with other firms or affiliates and you are responsible for notifying
your Financial Advisor of any changes in your externally held investments including cost basis.
Incomplete or inaccurate cost basis will affect your plan results because the tax assumptions are
incorrect. Due to timing issues, if this report includes assets held at Wells Fargo Trust Company,
positions and market data should be verified. Before making any decisions please validate your
account information with your Financial Advisor. The financial data used to generate this report
is provided to Wells Fargo Advisors by third party vendors. While this information is believed to
be reliable, it has not been verified. Security ID will be ticker symbol, CUSIP number, Security
Number or, if you have provided us with a market value of a generic asset classification type,
we will assign a dash. This report is not complete unless all pages noted are included. For more
detailed information, including current pricing, call your Financial Advisor.
If we have included or if you have provided us with information on accounts managed by an
affiliate of Wells Fargo Advisors, including fiduciary accounts at Wells Fargo Bank, N.A., you should
understand that Wells Fargo Advisors has no authority to manage or influence the management
of such accounts. The views, opinions, asset allocation models and forecasts may differ from our
affiliates.
To the extent that this report includes fixed income securities, you should be aware that the
descriptions of fixed income securities are general in nature and do not reflect important information
that you should consider, such as but not limited to, yield, call features, credit quality, and various
tax implications. Before making any decisions regarding fixed income investments, contact your
advisor to obtain more detailed information regarding specific fixed income securities.
Asset Classes for mutual funds, variable annuities and exchange-traded funds are derived
from Morningstar Categories. Underlying holdings classification provided by Morningstar. ©2011
Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to
Morningstar and/or its content providers; (2) may not be copied or distributed; 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.
Sector Analysis
12/06/2011
Copyright 2008, Standard & Poor's
The sectors in this report are based on the Global Industry Classification Standard ('GICS'). These
sectors may be different than those of other institutions or sources. The sector of each security is
as of the date of this report and subject to change at any time and without notice.
GICS was developed by and is the exclusive property and a service mark of Morgan Stanley Capital
International Inc. ('MSCI') and Standard & Poor's, a division of The McGraw-Hill Companies, Inc.
('S&P'). Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any
GICS classifications makes any express or implied warranties or representations with respect to
such standard or classification (or the results to be obtained by the use thereof), and all such parties
hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability
or fitness for a particular purpose with respect to any of such standard or classification. Without
limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party
involved in making or compiling the GICS or any GICS classifications have any liability for any
direct, indirect, special, punitive, consequential or any other damages (including lost profits) even
if notified of the possibility of such damages.
S&P provides sector classification for common stocks only. The 10 sectors used in this analysis
are: Energy, Materials, Consumer Discretionary, Consumer Staples, Health Care, Financials,
Information Technology, Telecom Services and Utilities. For sector-specific unit investment trusts,
Wells Fargo Advisors, LLC has determined the sector assignment. Equity sectors are provided
by Morningstar, Standard & Poors and FT Interactive. Equity positions for which sectors are
unavailable through Standard & Poors and FT Interactive will be reflected in Unclassified.
Redemption date indicated is either maturity date (M), pre-refunded date (R), mandatory put or
tender date (T), Dutch auction date or optional tender date (D), display date on perpetual securities
(sixty years from report date) (P) or the date which would represent the average life of the maturity
when measured from the date of this report (A). Because perpetual securities do not have a stated
maturity date, we assign a date of sixty years from the date of the report to enable us to provide
approximate yields and durations.
Stock Ratings Report
Analysts' stock ratings are defined as follows:
Credit Suisse Rating System:
1. Outperform: The stock's total return is expected to exceed the industry average by at least
10-15% (or more, depending on perceived risk) over the next 12 months.
2. Neutral: The stock's total return is expected to be in line with the industry average (range of
plus or minus 10%) over the next 12 months.
3. Underperform: The stock's total return is expected to underperform the industry average by
10-15% or more over the next 12 months.
Sanford Bernstein Rating System:
Bernstein rates stocks based on relative performance for the next 6-12 months versus the S&P
500.
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1. Outperform: Stocks should outpace the market index by more than 15% in the year ahead.
2. Market Perform: Stock should perform in line with the market index to within +/-15% in the
year ahead.
3. Underperform: Stock should trail the performance of the market index by more than 15%
in the year ahead.
Standard & Poor's STARS(Stock Appreciation Ranking System)
5-STARS: STRONG BUY - Total return is expected to outperform the total return of the S&P 500
Index by a wide margin over the coming 12 months, with shares rising in price on an absolute
basis.
4-STARS: BUY - Total return is expected to outperform the total return of the S&P 500 Index
over the coming 12 months, with shares rising in price on an absolute basis.
3-STARS: HOLD - Total return is expected to closely approximate that of the total return of the
S&P 500 Index over the coming 12 months, with shares generally rising in price on an absolute
basis.
2-STARS: SELL - Total return is expected to underperform the total return of the S&P 500 Index
over the coming 12 months, and share price is not anticipated to show a gain.
1-STAR: STRONG SELL - Total return is expected to underperform the total return of the S&P
500 Index by a wide margin over the coming 12 months, with shares falling in price on an
absolute basis.
Wells Fargo Securities, LLC Rating System
Capitalization:
Market capitalization definitions differ but one example of capitalization
methodology is that of Morningstar, which defines "large-capitalization" stocks as those stocks that
form the top 70% of the market capitalization of the stocks eligible to be included in the Morningstar
US Market Index (a diversified broad market index that represents approximately 97% of the
market capitalization of publicly traded U.S. Stocks). The Morningstar index methodology defines
"mid-capitalization" stocks as those stocks that form the 20% of market capitalization between
the 70th and 90th percentile of the market capitalization and "small-capitalization" stocks as those
stocks that form the 7% of market capitalization between the 90th and 97th percentile of the market
capitalization of the stocks eligible to be included in the Morningstar US Market Index.
Style: Blend (sometimes referred to as Core) investing is generally characterized as a strategy
that seeks to balance the portfolio of stocks between the Growth and Value styles as market
conditions fluctuate. Stocks in the underlying index are designated as "growth" as they are issued
by companies that typically have higher than average historical and forecasted earnings, sales,
equity and cash flow growth. Stocks in the underlying i ndex are weighted according to the total
number of shares that are publicly owned and available for trading. Stocks in the underlying
index are designated as "value" as they are issued by companies that typically have relatively low
valuations based on price-to-earnings, price-to book value, price-to-sales, price-to-cash flow and
dividend yields. The stocks in the underlying index are weighted according to the total number of
shares that are publicly owned and available for trading.
Cash Alternatives:
Cash Alternatives include liquid, short term and interest bearing
investments. Examples are money market funds, Treasury bills and commercial paper. It is
possible to lose money by investing in cash alternatives.
Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells
Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, nonbank affiliates of Wells Fargo and Company.
1. Outperform: The stock appears attractively valued, and they believe the stock's total return
will exceed that of the market over the next 12 months. Buy
2. Market Perform: The stock appears appropriately valued, and they believe the stock's total
return will be in line with the market over the next 12 months. Hold
3. Underperform: The stock appears overvalued, and they believe the stock's total return will
be below the market over the next 12 months. Sell
There is no assurance that all expectations will be achieved.
Asset Class Descriptions
The asset class descriptions below are included solely to provide insight into how individual
securities are tied to specific asset classes. We use our best efforts to correctly classify
investments. However, no warranty of accuracy is made.
Equity Investments: Equity investments refer to buying stocks of United States companies.
The investment return to the owner of stock (shareholder) is in the form of dividends and/or capital
appreciation. The market capitalization of companies is used to group large, medium (Mid), and
small companies. Shareholders share in both the upside potential and the downside risk.
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Implementation
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Implementation Plan Summary as of 06/01/2011
By: Asset Class Sub Type
The Current value of the assets included in this Implementation plan is $ 2,208,913
The value of the assets added to this Implementation plan is $ 0
The total Proposed value of the assets within this portfolio is $ 2,208,913
Asset Class
Current ($) as of
12/5/2011
% of Portfolio
Total
62%
Large Cap
Small Cap
$ 2,208,913
618,495
209,557
12%
7%
8%
262,985
159,848
220,891
157,294
176,713
136,905
184,115
220,891
1%
4%
8%
14,763
88,679
176,713
0%
0
Short Term Fixed Income
16%
8%
12/06/2011
$ 2,208,913
672,990
9%
7%
10%
6%
8%
10%
International Equity
Strategic ($)
1,374,999
30%
28%
Mid Cap
Emerging Market Equity
$ 2,208,913
Proposed ($)
344,944
176,713
© 2011 Wells Fargo Advisors. All Rights Reserved.
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Asset Class
Current ($) as of
12/5/2011
38
% of Portfolio
0%
Intermediate Fixed Inc
11%
14%
High Yield Fixed Income
REIT
Commodities
Other
309,247
909
5%
4%
99,464
88,356
0%
2%
2%
0
49,277
44,178
0%
3%
2%
512
74,428
44,178
0%
3%
4%
0
73,916
88,356
0%
0%
0%
2,257
2,257
0
9%
Cash Alternative
Strategic ($)
246,427
0%
Long Term Fixed Income
Proposed ($)
205,988
3%
2%
55,274
44,182
Total
$ 2,208,913
$ 2,208,913
$ 2,208,913
Important Information
% of Portfolio weightings are based on the asset class market value compared with the total portfolio market value in your Envision Plan.
Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value as of the previous day's close of business.
Strategic Allocation illustrates how much of an investor's portfolio would need to be allocated to the various asset classes based on the strategic asset allocation.
Proposed Allocations reflect proposed adjustments to 'Current' Asset Class allocations.
The 'as of' date in the report title represents the date that the report is run.
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Amounts have been rounded to the nearest dollar.
This is a preliminary implementation plan. It is intended as a discussion document only.
Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.
This report is not the official record of your account. However, it has been prepared to assist you with your investment planning and is for informational purposes only. Your Client Statement is the official
record of your account. Therefore, if there are any discrepancies between the report and your Client Statement, you should rely on the client Statement and call your local Branch Manager with any
questions.
This report is not complete without the plan Disclosures, please refer to the Disclosure page.
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Jim & Susan
Implementation Plan Details by Account as of 06/01/2011
By: Asset Class Sub Type
The Current value of the assets included in this Implementation plan is $ 2,208,913
The value of the assets added to this Implementation plan is $ 0
The total Proposed value of the assets within this portfolio is $ 2,208,913
Joint Account, 88888888, Ext - Taxable
Current: $ 251,701
Proposed Money Added: $ 0
Proposed Value: $ 251,701
Asset Class Buys
Asset Class Sells
Cash Alternative
$ 150,714
Total
$ 150,714
Short Term Fixed Income
Intermediate Fixed Inc
$ 112,815
$ 37,899
Total
$ 150,714
Jim's Profit Share Plan, 88888888, Ext - Tax Deferred
Current: $ 1,497,953
Proposed Money Added: $ 0
Proposed Value: $ 1,497,953
Asset Class Buys
Asset Class Sells
Large Cap
Mid Cap
Small Cap
Total
$ 799,506
$ 148,264
$ 169,015
$ 1,116,785
Large Cap
Mid Cap
Small Cap
International Equity
Emerging Market Equity
Short Term Fixed Income
Intermediate Fixed Inc
Long Term Fixed Income
High Yield Fixed Income
REIT
Commodities
Total
$ 159,118
$ 98,555
$ 147,832
$ 47,210
$ 73,916
$ 150,000
$ 144,490
$ 98,555
$ 49,277
$ 73,916
$ 73,916
$ 1,116,785
John's 529, 88888888, Ext - Tax Advantaged Education
Current: $ 132,428
12/06/2011
Proposed Money Added: $ 0
© 2011 Wells Fargo Advisors. All Rights Reserved.
Proposed Value: $ 132,428
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John's 529, 88888888, Ext - Tax Advantaged Education
Asset Class Sells
Asset Class Buys
Large Cap
Small Cap
$ 35,446
$ 43,944
Short Term Fixed Income
Intermediate Fixed Inc
$ 15,390
$ 64,000
Total
$ 79,390
Total
$ 79,390
Sara's 529, 88888888, Ext - Tax Advantaged Education
Current: $ 71,286
Proposed Money Added: $ 0
Asset Class Sells
Large Cap
Small Cap
$ 26,175
$ 40,564
Total
$ 66,739
Proposed Value: $ 71,286
Asset Class Buys
Short Term Fixed Income
$ 66,739
Total
$ 66,739
Implementation Plan Details by Account illustrates the proposed adjustments to allocations in each of your plan accounts.
Amounts have been rounded to the nearest dollar.
This report is not complete without the plan Disclosures, please refer to the Disclosure page.
12/06/2011
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Market Commentary
A publication of the Wells Fargo Advisors National Sales Dept.
Dan Meehan, First Vice President - Business Development Group
Phil Nelson, Assitant Vice President - Business Development Group
October 2011 Recap
Staring into the abyss, the bull found its character. Stocks rallied in October
on signs the recovery was not headed over the cliff. Third-quarter earnings
season got off to a good start with more than 70% of S&P 500 companies
beating analyst estimates. Better-than-expected updates on housing and
manufacturing data coupled with GDP growth of 2.5% in the most recent
quarter suggested investor sentiment may have gotten too pessimistic. More
important, European leaders finally worked in unison to deliver a plan to
resolve the region's debt crisis. Proposed measures meant to help combat
a spread of the sovereign debt debacle included increasing the size of the
European Financial Stability Facility (EFSF) to 1 trillion euros, Greek debt
holders accepting a voluntary 50% haircut and a recapitalization of European
banks. As a result, the major averages rallied sharply to snap a five-month
losing streak.
With the risk trade back on, the S&P 500 rose 10.93% to end the month
at 1,253.30. The rally sent the index back into positive territory for the year
by 1.30% on a total return basis. All 10 sectors participated in the advance.
Cyclical stocks led the advance with gains of 17.60% by materials and 16.95%
by the energy patch driven by higher commodity prices. M&A activity in tech
helped boost the Nasdaq Composite to a total return of 11.20%. Small- and
mid-cap stocks benefited with the return to risk assets with the S&P 600
index up 14.99% and the S&P Mid-Cap 400 returned 13.75%. Despite lagging
relative to its peers, the Dow Jones Industrial Average posted a solid return
of 9.72% to improve its year-to-date performance to 5.45% with dividends
reinvested. The encouraging signs for the economy and Europe sent bids from
bond land. Before a late-month rally, Treasuries fell the most since December
2010, but managed to eke out minor gains of 0.03% in October, according to
Bank of America/Merrill Lynch data. This prompted the yield on the benchmark
10-year note higher to 2.11%, up from its record intra-day low of 1.67% set on
September 23.
As we begin November, the Advisory Services Group (ASG) at Wells Fargo
Advisors believes the rally during the past month has left the U.S. stock market
overbought. Overall, with the S&P 500 index currently trading within ASG's
12/06/2011
year-end target range of 1250 to 1300, it thinks the market could see a pullback
after the strong October run. Therefore, it continues to advocate a balanced
equity strategy with recommended overweight allocations to defensive telecom
and utilities along with cyclical industrial and material sectors. Furthermore,
investors should consider using the recent rally as an opportunity to review
their portfolios to make sure they align with their investment objectives and risk
tolerance.
On the fixed-income front, ASG advises investors to consider shifting their
allocations into the corporate sector. It also recommends an allocation to the
preferred market, preferably through a diversified basket. ASG also believes
municipal bonds continue to present relative value opportunities in singleA rated or better general obligation and essential service revenue bonds.
Investors with a long-term investment horizon who are willing to be exposed
to continued volatility, may also consider adding to high-yield allocations at
current levels.
Despite some positive developments out of the euro zone, ASG remains
cautious as the plan has yet to be fully worked out and promises to be
complex. Overall, ASG believes international markets could remain in recent
trading ranges over the coming quarters. Therefore, it advises incomeoriented investors to avoid taking on additional risks. However, growth-oriented
investors may wish to consider using the current market stability to gradually
take their core positions up to ASG recommended levels and use ASG's
favorite international markets to be tactically defensive.
Important Information, Risk Factors and Disclaimers
Asset allocation/diversification cannot eliminate the risk of fluctuating prices
and uncertain returns. There are no assurances that any target prices noted
will be achieved. Investing in fixed income securities involves certain risks such
as market risk if sold prior to maturity and credit risk, especially if investing in
high yield bonds, which have lower ratings and are subject to greater volatility.
All fixed income investments may be worth less than the original cost upon
redemption or maturity. Bond prices fluctuate inversely to changes in interestrates. Therefore, a general rise in interest rates can result in the decline of
the value of your investment. Investing in foreign securities presents certain
risks not associated with domestic investments, such as currency fluctuation,
political and economic instability, and different accounting standards. This
may result in greater share price volatility. These risks are heightened in
emerging markets. Investments that focus on certain geographical regions or
on certain economic sectors increase their vulnerability to developments in that
region or sector. This may result in greater price volatility. There are special
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
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risks associated with investing in preferred securities. Preferred securities
generally offer no voting rights with respect to the issuer. Preferred securities
are generally subordinated to bonds or other debt instruments in an issuer's
capital structure, subjecting them to a greater risk of non-payment than more
senior securities. In addition, the issue may be callable which may negatively
impact the return of the security. Preferred dividends are not guaranteed and
are subject to deferral or elimination. The S&P 500 Index consists of 500
stocks chosen for market size, liquidity, and industry group representation.
It is a market value weighted index with each stock's weight in the Index
proportionate to its market value. An index is not managed and is unavailable
for direct investment.
The opinions expressed here reflect the judgment of the author as of the date
of the report and are subject to change without notice. Any market prices are
only indications of market values and are subject to change. The material has
been prepared or is distributed solely for information purposes and is not a
solicitation or an offer to buy any security or instrument or to participate in
any trading strategy. Additional information is available upon request. Please
contact your Financial Advisor.
Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value.Wells Fargo Advisors
is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors
Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company. 2011 Wells Fargo Advisors,
LLC. All rights reserved. CAR# 1111-0632vA
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Standardized Returns
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment in the fund(s) will fluctuate
so that an investor's shares when redeemed may be worth more or less than their original cost.
The current performance for the fund(s) illustrated may be higher or lower than the performance data quoted. Please visit https://returns.thomsononeadvisor.com/returns/ for the most recent
month-end performance information.
Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. These risks may include but are not limited to, the risks of investing
in foreign securities, such as currency fluctuation, tax changes and political concerns. This illustration, including any accompanying reports and graphs, must be preceded or accompanied
by a current prospectus for each security included. The prospectus contains full details on fees and expenses and should be read carefully before investing or sending money.
Standardized Average Annual Total Returns for Quarter Ended 9/30/2011
Returns for periods of less than one year are not annualized
Illustrated Items
Inception Date Maximum Sales Charge
American Funds Gr Fnd of Amer A
12/1/1973
5.75% Front
American Funds New Economy A
12/1/1983
American Funds SMALLCAP World A
4/30/1990
Davis New York Venture Fund A
2/17/1969
Hartford Capital Apprec A
7/22/1996
1 Year
5 Years
10 Years Since Inception
-8.96%
-2.14%
3.82%
12.86%
5.75% Front
-9.81%
-0.70%
4.47%
9.81%
5.75% Front
-16.14%
-0.67%
7.75%
8.27%
4.75% Front
-9.70%
-3.91%
2.90%
11.22%
5.50% Front
-17.03%
-4.09%
3.78%
10.77%
12/30/1997
5.50% Front
-12.43%
-0.32%
6.57%
9.47%
KEELEY Small Cap Value A
10/1/1993
4.50% Front
-8.47%
-3.11%
7.17%
9.76%
Templeton Foreign A
10/5/1982
5.75% Front
-14.06%
-2.16%
5.47%
10.50%
Hartford MidCap A
Average Annual Total Returns for Month Ended 10/31/2011
Returns for periods of less than one year are not annualized
Illustrated Items
Inception Date Maximum Sales Charge
1 Year
5 Years
10 Years Since Inception
American Funds Gr Fnd of Amer A
12/1/1973
5.75% Front
-3.48%
-0.91%
4.28%
13.13%
American Funds New Economy A
12/1/1983
5.75% Front
-5.22%
0.41%
5.02%
10.15%
American Funds SMALLCAP World A
4/30/1990
5.75% Front
-11.03%
0.34%
7.99%
8.72%
Davis New York Venture Fund A
2/17/1969
4.75% Front
-2.29%
-2.49%
3.90%
11.47%
Hartford Capital Apprec A
7/22/1996
5.50% Front
-10.90%
-2.60%
4.72%
11.57%
Hartford MidCap A
12/30/1997
5.50% Front
-3.11%
1.73%
7.33%
10.47%
KEELEY Small Cap Value A
10/1/1993
4.50% Front
2.35%
-1.64%
8.18%
10.60%
Templeton Foreign A
10/5/1982
5.75% Front
-8.75%
-0.59%
6.24%
10.89%
Charges and Expenses
Fund Name
American Funds Gr Fnd of Amer A
12/06/2011
Sales Charge
5.75%
Max CDSC
1.00%
Management
Fee
0.27%
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Distribution
(12b-1) Fee
0.24%
Other
Expenses
0.17%
Total
0.68%
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Fund Name
Sales Charge
Max CDSC
Management
Fee
Distribution
(12b-1) Fee
Other
Expenses
Total
American Funds New Economy A
5.75%
1.00%
0.41%
0.23%
0.22%
0.86%
American Funds SMALLCAP World A
5.75%
1.00%
0.64%
0.24%
0.21%
1.09%
Davis New York Venture Fund A
4.75%
0.50%
0.49%
0.24%
0.16%
0.89%
Hartford Capital Apprec A
5.50%
1.00%
0.65%
0.25%
0.25%
1.15%
Hartford MidCap A
5.50%
1.00%
0.73%
0.25%
0.27%
1.25%
KEELEY Small Cap Value A
4.50%
0.00%
0.92%
0.25%
0.19%
1.36%
Templeton Foreign A
5.75%
1.00%
0.62%
0.25%
0.32%
1.19%
Data in this report is provided by Thomson Reuters where available.
A portion of expenses for the following fund(s) have been waived in the past: American Funds Gr Fnd of Amer A, Hartford Capital Apprec A, Hartford MidCap A, KEELEY Small Cap Value A, American
Funds New Economy A, American Funds SMALLCAP World A. Past expense reductions by the fund's manager increased the fund's total returns.
The Standardized Average Annual Total Return figures shown above are calculated using formula in form N-1A as mandated by the Securities and Exchange Commission. Except where noted, the
calculations take into account the maximum sales and/or redemption charges currently in effect, and any annual expenses assessed. The figures assume a one-time lump sum investment and do not
include the effect of taxation.
Several share classes shown above may not be available to all investors or may not be suitable for all investors given different sales charges, management fees, investment minimums, etc. Other share
classes are shown for informational purposes only. Please consult a prospectus for information about all share classes.
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Fact Sheet Disclosures
Product Profiles
Portfolio Composition data is based on information obtained from the investment company and
is updated as of the date shown in the section's title. This data will vary over time. There is no
guarantee that the underlying Fund, which this subaccount invests in, will continue to hold any one
particular security or stay invested in any one particular country. The composition of the underlying
fund's holdings are subject to change.
NAV Total Returns are calculated based on the Net Asset Value of the mutual fund including
reinvestment of dividends and capital gains and DO NOT include the effects of sales charges.
Annual expenses such as 12b-1 fees and management expenses are accounted for in the figures.
The Load Adjusted returns take into account the effects of sales charges.
Free Cash Flows - The amount of money that a business has at its disposal at any given time after
paying out operating costs, interest payments on bank loans and bonds, salaries, research and
development and other fixed costs.
Current Ratio - A test of liquidity showing the difference between current assets and current
liabilities. Calculated as: (current assets) divided by (current liabilities).
Quick Ratio - Ratio of liquid assets to current liabilities, taken as a measure of liquidity.
Leverage Ratio - The ratio of a company's long term debt, typically bonds and preferred stock, to
its equity in its capital structure. The greater the long term debt, the greater the leverage.
The Price History Graph shown on this report illustrates the past 5 years of historical performance
of the particular security. The volume bars below the graph are of month end totals.
Split Ratio - The proportion of new number of shares (post-split) divided by old number of shares
(pre-split). For example, a split ratio of 2.00 is a two-for-one split giving each shareholder an
additional share for each share held.
First Call Earnings Estimate provides First Call's proprietary analyst consensus ranking on a
five point scale (1=buy, 3=hold, 5=sell), calculated using the arithmetic mean of all contributing
analysts' quarterly and annual estimated earnings.
Payout Ratio - The proportion of earnings paid out in dividends to shareholders, that is, dividend
payment divided by earnings.
The Performance section shows the performance of YTD, 1 Year, 3 Year and 5 Year total return
figures and lists, if applicable, the last stock split the company has completed.
Profitability Ratios, Operating Ratios and Total Ratios comprise a set of ratios showing the dayto-day performance of the particular company.
Income Statement is a financial statement showing a firm's revenue and expenses during a
specified period. Areas covered are Revenue, Expenses and Net Income.
The Balance Sheet shows the firm's financial condition at a specified point in time. Categories
included in the Balance Sheet section are Total Assets ($Mil), Current Assets, Inventories, NonCurrent Assets, Total Liabilities, Current Liability, Long Term Debt, and Total Equity.
The Cash Flow Statement (Annual) is a statement of the amount of cash inflows and outflows for
the particular company. The cash flow statement section includes Cash Flow from Operations,
Depreciation and Amortization, Deferred Taxes, Income Sources, Capital Spending and Free Cash
Flows.
The Liquidity Ratios are used to identify company performance and potential investment
opportunities. Current Ratio, Quick Ratio, Debt/Equity, Leverage Ratio and Int Coverage from Cont
Ops (International Coverage from Continuing Operations).
Return on Equity - The adjusted profit of a company divided by its equity. For instance, if the
adjusted profit of a company is $10M and Equity is $100M, the Return on Equity is 10%.
Investment Category is provided by Morningstar, Inc. Asset Class is derived from Morningstar
Category. All Rights Reserved. The information contained here in: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed; 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.
Top Holdings, Composition, Geographic Breakdown and Sector Weightings data is based on
portfolio information obtained from the investment company, is updated as of the date shown
in the section's title, and will vary over time. Geographic Breakdown and Sector Weightings are
calculated solely from the portfolio equity holdings.
Government Funds
The U.S. Government guarantee applies only to the underlying securities of the fund's portfolio
and not to the value of the fund's shares.
Municipal Bond Funds
Certain investors' income may be subject to the federal Alternative Minimum Tax (AMT), and state
and local taxes may also apply.
Insured Municipal Bond Funds
Insurance pertains to the timely payment of principal and interest by the issuer of the underlying
securities, and not to the value of the fund's shares. Certain investors' income may be subject to
the federal Alternative Minimum Tax (AMT), and state and local taxes may also apply.
Return on Assets - Indicator of profitability. Determined by dividing net income for the past 12
months by total assets. Result is shown as a percentage.
High-Yield Funds
High-yield bonds, commonly known as junk bonds, are subject to greater loss of principal and
interest, including default risk, than higher-rated bonds. This may result in greater share price
volatility.
Return on Invested Capital - The overall profit (or loss) on an investment expressed as a
percentage of the total invested. For example: The company invests $5,000 in the shares of
another company and some time later has received $100 in dividends with the value of the shares
now $5,200. The return on investment is: [($100 + $5,200 - $5,000) /$5,000] x 100 = 6%.
Global or International Funds
Investing in foreign securities presents certain unique risks not associated with domestic
investments, such as currency fluctuation and political and economic changes. This may result in
greater share price volatility.
Geographic Concentration Funds
12/06/2011
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The fund may focus its investments in certain geographical regions, thereby increasing its
vulnerability to developments in that region. This may result in greater share price volatility.
Real Estate Funds
The fund involves additional risk due to its narrow focus. There are special risks associated with
an investment in real estate, including credit risk, interest rate fluctuations and the impact of varied
economic conditions.
Sector Funds
The fund may focus its investments on certain economic sectors, thereby increasing its
vulnerability to any single economic, political or regulatory development. This may result in greater
share price volatility.
Non-Diversified (Concentrated) Funds
This fund is not diversified. Investing in a non-diversified fund involves greater risk than a diversified
investment, because a loss resulting from a particular security's poor performance will have a
greater impact on the fund's overall return.
The Rank shows the security's rank against all securities within its investment category (shown at
the top of the page) based on total return and DOES NOT include the effects of sales charges. Each
rank is expressed as a number where 1= best and 2 = second best, etc. Rankings are generated
by Thomson Reuters.
The Growth of $10,000 graph shown on this report illustrates the growth of a $10,000 investment
in the security over a period of 11 years or the security's lifetime in relation to its benchmark index,
whichever is shorter. The effects of any applicable sales charges and fees are included.
The Returns Comparison section compares the Returns statistics of the chosen security against
the average Return statistics of all securities in its investment category and the Market Index
relative to that investment category. The investment category for the security can be found in the
header section at the top of each profile page and the relative Market Index can be found below
the section.
MPT Statistics
The Modern Portfolio Theory (MPT) Statistics section shows the Standard Deviation, Alpha, Beta,
R-squared, Sharpe and Treynor statistics for the item. Definitions of these statistics are included
at the end of the disclosures.
Standard deviation is a measure of a security's volatility, or variability in expected return. As such,
it is a measure of risk since risk can be defined as the uncertainty of the expected return. Higher
numbers indicate higher historical volatility. Standard deviation is most often used as a measure
of risk relative to other securities or indexes. Standard Deviation does not measure all aspects
of investment risks.
The Beta coefficient is a measure of a security's volatility relative to the market. An index relevant
to the security's stated investment category is used as the proxy for the market, and is considered
to have a 1.00 Beta. Therefore, if a security has a Beta of 1.50, it has been historically 50% more
volatile than the market for the period of years shown.
The Alpha coefficient is a measure of risk-adjusted return. This number represents the difference
between the security's actual performance and the performance anticipated in light of the security's
risk posture and the market's behavior. A positive Alpha indicates that the manager has been
successful at security selection and/or market timing, and has produced a rate of return which is
more than commensurate with the security's risk posture.
12/06/2011
R-squared is a measure of diversification relative to the market, as represented by an index
relevant to the security's stated investment category. It tells us, in precise percentage terms, just
how closely a security's performance variation paralleled the market over the time period shown.
The Sharpe and Treynor Ratios are measures of risk-adjusted performance. Higher values are
desirable and indicate greater return per unit of risk. The Sharpe and Treynor Ratios measure risk
by standard deviation and beta, respectively.
Geographic Breakdown displays the equity concentration by region of the underlying holdings
when available and excludes fixed income holdings. The data represented is the most current as
of the data date listed in the section title and will vary over time.
The Russell Midcap Growth Index offers investors access to the mid-cap growth segment
of the U.S. equity universe. The Russell Midcap Growth Index is constructed to provide a
comprehensive and unbiased barometer of the mid-cap growth market. Based on ongoing
empirical research of investment manager behavior, the methodology used to determine growth
probability approximates the aggregate mid-cap growth manager's opportunity set.
The Russell 1000 Growth Index offers investors access to the large-cap growth segment of the U.S.
equity universe. The Russell 1000 Growth is constructed to provide a comprehensive and unbiased
barometer of the large-cap growth market. Based on ongoing empirical research of investment
manager behavior, the methodology used to determine growth probability approximates the
aggregate large-cap growth manager's opportunity set.
S&P 500 Composite index is a capitalization weighted index that is designed to measure the equity
market performance comprised of 500 stocks chosen for market size, liquidity, and industry group
representation, with approximately 75% coverage of U.S. equities. The Index has over US$ 3.5
trillion benchmarked, with index assets comprising approximately US$ 915 billion of this total. The
Index is constructed to represent a broad range of industry segments in the U.S. economy.
The MSCI EAFE GTR Index, reported in U.S. dollars, based on share prices and reinvested gross
dividends of approximately 1100 companies (only those securities deemed sufficiently liquid for
trading by investors) from the following 20 countries: Australia, Austria, Belgium, Denmark, Finland,
France, Germany, Hong Kong, Ireland, Italy, Japan, Malaysia, Netherlands, New Zealand, Norway,
Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The securities represented in
this index may be subject to investment risk, currency rate risk, economic and monetary policy
risk, differences in auditing standards and risks related to political and economic developments.
The MSCI World GTR index, reported in U.S. dollars, based on share prices and reinvested
gross dividends of approximately 1600 companies which are deemed sufficiently liquid for trading
by investors from the following 22 countries: Australia, Austria, Belgium, Canada, Denmark,
Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Malaysia, Netherlands, New Zealand,
Norway, Singapore, Spain, Sweden, Switzerland, U.K. and U.S. The securities represented in this
index may be subject to investment risk, currency rate risk, economic and monetary policy risk,
differences in auditing standards and risks related to political and economic developments.
The Russell 2000 Index offers investors access to the small-cap segment of the U.S. equity
universe. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap
barometer and is completely reconstituted annually to ensure larger stocks do not distort the
performance and characteristics of the true small-cap opportunity set. The Russell 2000 includes
the smallest 2000 securities in the Russell 3000.
The information included in this report is based upon data obtained from public sources believed to
be reliable; however, Thomson Reuters does not guarantee the completeness or accuracy thereof.
© 2011 Wells Fargo Advisors and Financeware, Inc. All Rights Reserved.
Page 147 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Alcoa Inc. AA (NYSE)
Profile Report
Latest Price : $ 10 (12/05/2011)
Shares Outstanding (Mil) : 1,064 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Co.
$0.95
1.34
$1.21
$9,526
$18.47
$8.45
9.42
0.64
0.75
4.13
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
First Call Consensus
BUY
BUY/HOLD
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
HOLD
HOLD/SELL
SELL
3
4
5
2.4
Performance (as of 10/31/2011)
Total Returns (%)
S&P 500 (%)
0%
Materials
Metals & Mining
390 Park Avenue, New York, NY
10022-4608
Investor Relations
+1 412 553-4545
Sector
Industry
Address
-20 %
-30 %
Total Returns (%)
S&P 500 (%)
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
-29.69
-0.35
-17.47
5.92
-0.27
8.96
-16.28
-1.88
-8.60
1.69
3.91
5.98
*Benchmark: S&P 500 Composite Index
Financial Statement (as of 12/31/2010)
Income Statement ($Mil)
Balance Sheet (as of 12/31/2010)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
250
125
0
Q4
Q1
Q2
2010
Q3
2011
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
7500
5000
2500
0
Q4
Q1
2010
Q2
Q3
1,981
1,451
-287
817
1,015
841
2011
Profitability Ratios (as of 12/31/2010)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
36,109
6,869
1,632
2,562
29,240
19,023
5,236
8,842
13,556
Cash Flow Statement (Annual)
Revenue - Expenses
12/06/2011
2.4
5
1
19
Company Overview
-10 %
Q3
2
Current Mean
High
Low
Number of Analysts
10 %
Q3
1
2.0
1.6
2.2
2.5
1.2
1.2
Dividends (as of 12/31/2010)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
0.12
1.34
-27.52
49
2.00
06/12/2000
Alcoa Inc. (Alcoa) is engaged in the production
and management of aluminum, fabricated
aluminum, and alumina combined, through
its participation in mining, refining, smelting,
fabricating, and recycling. During the year
ended December 31, 2010, aluminum
and alumina represent more than 80% of
Alcoa's revenues. Nonaluminum products
include precision castings and aerospace
and industrial fasteners. Alcoa's products
are used globally in aircraft, automobiles,
commercial transportation, packaging, building
and construction, oil and gas, defense, and
industrial applications. It is a global company
operating in 31 countries. In addition, it
has investments and operating activities
in Australia, Brazil, the People's Republic
of China, Guinea, Iceland, Russia, and
Saudi Arabia. During 2010, it completed
the acquisition of Three Rivers Aluminum
Company doing business as Traco. In July
2010, the Company completed the sale of its
Transportation Pro.
Liquidity Ratios (as of 12/31/2010)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
Copyright© 2011. Thomson Reuters. All Rights Reserved.
1.31
0.67
0.68
6.52
1.73
Page 148 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
American Funds Gr Fnd of Amer AAGTHX
Profile Report
Category: Large Growth
Asset Class: Large Cap Growth
Data as of 10/31/2011
Operations
Composition (as of 9/30/2011)
Pie chart is not available
for leveraged securities.
% Of Portfolio
89.1
11.2
-0.3
0.0
Equity
Fixed Income
Cash
Other
Fund Family
American Funds
CUSIP
399874106
Fund Inception Date
12/1/1973
Net Asset Value (NAV)
$29.46
Net Assets (10/31/2011)
$55,932.90 Mil
Turnover (8/31/2011)
34.00%
Last Income Dividend (12/21/2010)
$0.2450
Last Capital Gain (12/18/2007)
$2.0570
Dividend Yield (12 months)
0.78%
Dividend Yield (30 days)
0.78%
Fees & Expenses
0.68%
0.24%
5.75%
0.00%
1.00%
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
EQ Geographic Breakdown (% of Total)
North America
76.1
Latin America
0.5
Europe
5.0
Emerging Markets Europe
0.1
Asia-Pacific
3.0
Emerging Markets Asia
3.7
Middle East/North Africa
0.3
Africa
0.3
Other
0.3
Top Holdings
% of Holdings
1. Apple Inc ORD
2. Oracle Corp ORD
3. Amazon.com Inc ORD
4. Microsoft Corp ORD
5. Home Depot Inc ORD
All holdings related data as of 9/30/2011
4.3
2.3
2.3
1.7
1.6
Fund Description
The Fund seeks to provide long term growth of
capital. The Fund invests primarily in common
stocks. The Fund also invests in convertibles
preferred stocks U.S. government securities
bonds. The Fund may invest up to 15% of
assets in securities of issuers domiciled outside
the United States and Canada. The Fund may
also hold cash or money market instruments.
The Fund emphasizes on companies that
appear to offer opportunities for long term
growth and companies have good long term
investment opportunities. The Fund relies on
the professional judgment of its investment
adviser to make decisions about the portfolio
investments.
MPT Stats
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
3 Year
19.01
-4.08
1.00
98
0.56
0.85
5 Year 10 Year
19.57
17.01
-2.65
1.36
0.98
0.96
98
95
-0.05
0.18
-0.08
0.27
EQ Sector Weightings (%) (9/30/2011)
% of Holdings
6. DirecTv ORD
7. Us Treasury 3.750% 15-A (3.75%)
8. Philip Morris Internati
9. Costco Wholesale Corp O
10. Google Inc ORD
1.5
1.4
1.4
1.3
1.3
Information Technology
Consumer Discretionary
Energy
Health Care
Industrials
Financials
Materials
Consumer Staples
Telecom Services
Utilities
Unclassified
Total Returns (%)
21.7
19.1
13.0
12.2
9.6
8.0
7.4
6.6
2.0
0.2
0.3
NAVLoad-Adjusted†
Year-To-Date
-3.22
1 Month
10.46
3 Month
-6.12
1 Year
2.41
-8.96
3 Year
10.85
-1.39
5 Year
0.27
-2.14
10 Year Average
4.90
3.82
15 Year Average
8.90
7.76
20 Year Average
9.82
9.11
Since Inception
13.30
12.86
† Load Adjusted Return data as of 9/30/2011
12/06/2011
Copyright© 2011. Thomson Reuters. All Rights Reserved.
Page 149 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
American Funds New Economy AANEFX
Profile Report
Category: Large Growth
Asset Class: Large Cap Growth
Data as of 10/31/2011
Operations
Composition (as of 9/30/2011)
Fund Family
American Funds
CUSIP
643822109
Fund Inception Date
12/1/1983
Net Asset Value (NAV)
$24.57
Net Assets (10/31/2011)
$5,438.20 Mil
Turnover (11/30/2010)
47.00%
Last Income Dividend (12/28/2010)
$0.1730
Last Capital Gain (12/26/2007)
$2.3550
Dividend Yield (12 months)
0.66%
Dividend Yield (30 days)
0.66%
% Of Portfolio
Equity
84.2
Fixed Income
15.5
Cash
0.2
Other
0.2
Fees & Expenses
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
0.86%
0.23%
5.75%
0.00%
1.00%
North America
49.7
Latin America
1.7
Europe
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
14.8
Emerging Markets Europe
1.2
Asia-Pacific
4.4
Emerging Markets Asia
Middle East/North Africa
0.1
Africa
0.0
Other
1.7
% of Holdings
4.5
3.1
1.6
1.5
1.5
% of Holdings
6. Crown Castle Internatio
7. Texas Instruments Inc O
8. Union Pacific Corp ORD
9. Groupon Inc PFD
10. Amazon.com Inc ORD
3 Year
20.40
-0.92
1.05
94
0.74
1.13
5 Year 10 Year
21.24
19.39
-1.47
1.87
1.04
1.08
95
92
0.02
0.20
0.03
0.29
EQ Sector Weightings (%) (9/30/2011)
10.6
1. Apple Inc ORD
2. Us Treasury 3.750% 15-A (3.75%)
3. DirecTv ORD
4. AirAsia Bhd ORD
5. Ryanair Holdings PLC DR
All holdings related data as of 9/30/2011
The Fund seeks to provide long-term growth
of capital. The Fund invests primarily in stocks
of companies in the services and information
areas of the global economy, although a portion
of its assets may be invested outside these
areas. The Fund may invest a significant
portion of its assets in issuers based outside
of the United States. The Fund may also hold
cash or money market instruments. The Fund
relies on the professional judgment of its
investment adviser to make decisions about
the portfolio investments. The basic investment
philosophy of the investment adviser is to seek
to invest in attractively valued companies that,
in its opinion, represent above-average longterm investment opportunities.
MPT Stats
EQ Geographic Breakdown (% of Total)
Top Holdings
Fund Description
1.3
1.3
1.3
1.2
1.2
Information Technology
Consumer Discretionary
Health Care
Financials
Industrials
Telecom Services
Energy
Materials
Utilities
Consumer Staples
Unclassified
Total Returns (%)
25.1
18.7
16.0
14.1
12.9
6.9
2.4
1.6
1.3
1.1
0.0
NAVLoad-Adjusted†
Year-To-Date
-3.00
1 Month
9.93
3 Month
-7.60
1 Year
0.56
-9.81
3 Year
15.29
2.33
5 Year
1.61
-0.70
10 Year Average
5.64
4.47
15 Year Average
6.77
5.62
20 Year Average
8.82
8.09
Since Inception
10.38
9.81
† Load Adjusted Return data as of 9/30/2011
12/06/2011
Copyright© 2011. Thomson Reuters. All Rights Reserved.
Page 150 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
American Funds SMALLCAP World ASMCWX
Profile Report
Category: World Stock
Asset Class: International Equity
Data as of 10/31/2011
Operations
Composition (as of 9/30/2011)
Fund Family
American Funds
CUSIP
831681101
Fund Inception Date
4/30/1990
Net Asset Value (NAV)
$34.59
Net Assets (10/31/2011)
$12,969.40 Mil
Turnover (9/30/2010)
45.00%
Last Income Dividend (12/28/2010)
$0.5210
Last Capital Gain (12/26/2007)
$4.1670
Dividend Yield (12 months)
1.42%
Dividend Yield (30 days)
1.42%
% Of Portfolio
Equity
88.4
Fixed Income
11.3
Cash
0.0
Other
0.3
Fees & Expenses
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
1.09%
0.24%
5.75%
0.00%
1.00%
North America
40.0
Latin America
2.2
Europe
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
19.3
Emerging Markets Europe
1.3
Asia-Pacific
9.2
Emerging Markets Asia
14.7
Middle East/North Africa
0.5
Africa
0.7
Other
0.7
% of Holdings
1. Pharmasset Inc ORD
2. ENN Energy Holdings Ltd
3. Us Treasury 3.750% 15-A (3.75%)
4. Lululemon Athletica Inc
5. InterOil Corp ORD
All holdings related data as of 9/30/2011
The Fund seeks to provide long term growth
of capital. The Fund invests at least 80% of
its assets in equity securities of companies
located around the world with small market
capitalizations, measured at the time of
purchase. The Fund relies on the professional
judgment of its investment adviser to make
decisions about the portfolio investments. The
basic investment philosophy of the investment
adviser is to seek to invest in attractively valued
companies that represent above average long
term growth opportunities. The Fund may also
hold cash or money market instruments.
MPT Stats
EQ Geographic Breakdown (% of Total)
Top Holdings
Fund Description
1.6
1.2
1.0
0.8
0.8
5 Year 10 Year
25.26
20.98
2.21
3.03
1.13
1.11
92
88
0.01
0.32
0.02
0.50
EQ Sector Weightings (%) (9/30/2011)
% of Holdings
6. Virgin Media Inc ORD
7. MSC Industrial Direct C
8. Sumber Alfaria Trijaya
9. AAC Technologies Holdin
10. East West Bancorp Inc O
3 Year
22.78
5.67
1.03
91
0.78
1.34
0.8
0.8
0.7
0.7
0.7
Consumer Discretionary
Industrials
Health Care
Information Technology
Financials
Energy
Materials
Consumer Staples
Utilities
Telecom Services
Unclassified
Total Returns (%)
18.2
16.7
15.4
14.6
10.9
8.0
6.6
5.7
1.9
1.6
0.5
NAVLoad-Adjusted†
Year-To-Date
-10.99
1 Month
9.98
3 Month
-12.05
1 Year
-5.61
-16.14
3 Year
18.02
2.03
5 Year
1.54
-0.67
10 Year Average
8.63
7.75
15 Year Average
6.77
5.59
20 Year Average
8.55
7.90
Since Inception
9.01
8.27
† Load Adjusted Return data as of 9/30/2011
12/06/2011
Copyright© 2011. Thomson Reuters. All Rights Reserved.
Page 151 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Apple Inc. AAPL (NASDAQ)
Profile Report
Latest Price : $ 393.01 (12/05/2011)
Shares Outstanding (Mil) : 929 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
Co.
$27.68
0.00
$23.87
$337,905
$426.70
$310.50
13.13
4.58
4.58
10.72
First Call Consensus
BUY
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
BUY/HOLD
HOLD
HOLD/SELL
SELL
2
3
4
5
1.7
Performance (as of 10/31/2011)
Total Returns (%)
S&P 500 (%)
40 %
Current Mean
High
Low
Number of Analysts
20 %
Company Overview
60 %
-20 %
Total Returns (%)
S&P 500 (%)
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
25.49
-0.35
34.49
5.92
55.53
8.96
37.93
-1.88
46.68
1.69
32.79
3.91
19.10
5.98
*Benchmark: S&P 500 Composite Index
Financial Statement (as of 09/24/2011)
Income Statement ($Mil)
Balance Sheet (as of 09/24/2011)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
5000
0
Q3
Q4
Q1
Q2
2010
Q3
2011
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
25000
12500
0
Q4
Q1
2010
Q2
Q3
31,772
1,814
2,868
27,090
4,260
27,512
2011
Profitability Ratios (as of 09/24/2011)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
116,371
44,988
26,468
776
71,383
39,756
27,970
0
76,615
Cash Flow Statement (Annual)
Revenue - Expenses
Q3
1.7
5
1
56
Information Technology
Computers & Peripherals
1 Infinite Loop, Cupertino, CA
95014
Investor Relations
+1 408 996-1010
Sector
Industry
Address
0%
12/06/2011
1
41.7
27.1
41.7
31.5
23.9
23.9
Dividends (as of 09/24/2011)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
Apple Inc. (Apple) designs, manufactures
and markets a range of personal computers,
mobile communication and media devices,
and portable digital music players, and sells a
range of related software, services, peripherals,
networking solutions, and third-party digital
content and applications. It's products and
services include Macintosh (Mac) computers,
iPhone, iPad, iPod, Apple TV, Xserve, a
portfolio of consumer and professional software
applications, the Mac OS X and iOS operating
systems, third-party digital content and
applications through the iTunes Store, and
a range of accessory, service and support
offerings. The Company sells its products
globally through its retail stores, online stores,
and direct sales force and third-party cellular
network carriers, wholesalers, retailers, and
value-added resellers. As of September 25,
2010, the Company had opened a total of 317
retail stores, including 233 stores in the United
States and .
Liquidity Ratios (as of 09/24/2011)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
1.61
1.37
0.00
0.00
128.67
0.00
0.00
0.00
0
2.00
02/28/2005
Copyright© 2011. Thomson Reuters. All Rights Reserved.
Page 152 of 164
This is a Preliminary Report
Envision
®
Jim & Susan
Caterpillar Inc. CAT (NYSE)
Profile Report
Latest Price : $ 96.85 (12/05/2011)
Shares Outstanding (Mil) : 647 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Co.
$6.55
2.12
$6.34
$56,075
$116.55
$67.54
13.24
4.30
1.43
7.64
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
First Call Consensus
BUY
BUY/HOLD
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
HOLD
HOLD/SELL
SELL
3
4
5
2.1
Performance (as of 10/31/2011)
Total Returns (%)
S&P 500 (%)
30 %
20 %
Industrials
Machinery
100 North East Adams Street,
Peoria, IL 61629
Investor Relations
+1 309 675-1000
Sector
Industry
Address
0%
-10 %
Total Returns (%)
S&P 500 (%)
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
2.72
-0.35
22.40
5.92
39.19
8.96
12.14
-1.88
18.29
1.69
14.82
3.91
17.33
5.98
*Benchmark: S&P 500 Composite Index
Financial Statement (as of 12/31/2010)
Income Statement ($Mil)
Balance Sheet (as of 12/31/2010)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
1000
500
0
Q4
Q1
Q2
2010
Q3
2011
20000
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
10000
0
Q4
Q1
2010
Q2
Q3
5,523
2,296
0
3,227
2,586
1,853
2011
Profitability Ratios (as of 12/31/2010)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
61,527
31,810
3,683
9,587
29,717
50,202
22,020
20,437
10,824
Cash Flow Statement (Annual)
Revenue - Expenses
12/06/2011
2.1
3
1
24
Company Overview
10 %
Q3
2
Current Mean
High
Low
Number of Analysts
40 %
Q3
1
27.6
5.9
8.6
8.8
6.3
6.3
Dividends (as of 12/31/2010)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
Caterpillar Inc. (Caterpillar) is a manufacturer
of construction and mining equipment, diesel
and natural gas engines, industrial gas
turbines and diesel-electric locomotives. The
Company also is a service provider through
Caterpillar Financial Services, Caterpillar
Remanufacturing Services, Caterpillar
Logistics Services and Progress Rail Services.
Caterpillar owns a portfolio of brands, which
includes Anchor Coupling, AsiaTrak, Balderson,
Barber-Greene, Cat, Cat Financial, Cat
Logistics, Cat Reman, Cat Rental Store,
E-Ject, Eurenov, FG Wilson, Hindustan,
Mak, Olympian, Perkins, Prentice, Progress
Rail, Shandong Engineering Machinery Co.
(SEM), Solar Turbines, Turbomach, Turner
Powertrain System,Verachtert and Xpart.
It has remanufactured diesel engines and
components for its own machines and power
systems. On July 2011, the Company acquired
Bucyrus International, Inc.
Liquidity Ratios (as of 12/31/2010)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
1.44
0.93
2.63
18.88
4.01
1.84
2.12
10.35
40
2.00
07/14/2005
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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®
Jim & Susan
Chevron Corp. CVX (NYSE)
Profile Report
Latest Price : $ 102.82 (12/05/2011)
Shares Outstanding (Mil) : 1,991 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
Co.
$13.50
3.51
$10.03
$183,794
$110.01
$80.41
6.84
1.53
0.97
4.63
First Call Consensus
BUY
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
BUY/HOLD
HOLD
HOLD/SELL
SELL
2
3
4
5
1.9
Performance (as of 10/31/2011)
35 %
30 %
25 %
20 %
15 %
10 %
5%
0%
-5 %
Total Returns (%)
S&P 500 (%)
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
17.81
-0.35
31.29
5.92
16.14
8.96
12.98
-1.88
12.75
1.69
11.60
3.91
12.87
5.98
Financial Statement (as of 12/31/2010)
Income Statement ($Mil)
Balance Sheet (as of 12/31/2010)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
5000
0
Q4
Q1
Q2
2010
Q3
2011
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
100000
50000
0
Q4
Q1
2010
Q2
Q3
32,697
13,063
559
19,075
19,612
7,411
2011
Profitability Ratios (as of 12/31/2010)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
183,918
48,841
17,070
5,493
135,077
78,107
29,012
11,289
105,081
Cash Flow Statement (Annual)
Revenue - Expenses
12/06/2011
Energy
Oil, Gas & Consumable Fuels
6001 Bollinger Canyon Road, San
Ramon, CA 94583-2324
Investor Relations
+1 925 842-1000
Sector
Industry
Address
*Benchmark: S&P 500 Composite Index
Q3
1.9
4
1
24
Current Mean
High
Low
Number of Analysts
Company Overview
Total Returns (%)
S&P 500 (%)
Q3
1
19.3
11.0
17.3
13.9
10.0
10.0
Dividends (as of 12/31/2010)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
Chevron Corporation (Chevron) manages its
investments in subsidiaries and affiliates and
provides administrative, financial, management
and technology support to the United States
and international subsidiaries that engage in
petroleum operations, chemicals operations,
mining operations, power generation and
energy services. Upstream operations consist
of exploring for, developing and producing
crude oil and natural gas; transporting crude
oil by international oil export pipelines;
transporting, storage and marketing of natural
gas, and a gas-to-liquids project. Downstream
operations consist of refining of crude oil into
petroleum products marketing of crude oil
and refined products. In September 2010, the
Company completed acquisition of operating
interests in three deepwater exploration blocks
in the South China Sea's Pearl River Mouth
Basin. In February 2011, Chevron completed
the acquisition of Atlas Energy, Inc.
Liquidity Ratios (as of 12/31/2010)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
1.68
1.30
0.11
1.07
83.50
3.24
3.51
8.98
30
2.00
09/13/2004
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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®
Jim & Susan
Davis New York Venture Fund ANYVTX
Profile Report
Category: Large Blend
Asset Class: Large Cap Blend
Data as of 10/31/2011
Operations
Composition (as of 7/31/2011)
Fund Family
Davis Funds
CUSIP
239080104
Fund Inception Date
2/17/1969
Net Asset Value (NAV)
$32.70
Net Assets (11/30/2011)
$14,630.90 Mil
Turnover (7/31/2011)
8.00%
Last Income Dividend (12/1/2010)
$0.3750
Last Capital Gain (11/30/2000)
$2.6400
Dividend Yield (12 months)
1.09%
Dividend Yield (30 days)
1.09%
% Of Portfolio
Equity
Fixed Income
0.1
Cash
0.7
Other
0.0
Fees & Expenses
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
99.2
MPT Stats
North America
84.4
Latin America
1.5
Europe
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
10.5
Emerging Markets Europe
0.0
Asia-Pacific
1.9
Emerging Markets Asia
0.9
Middle East/North Africa
0.0
Africa
0.0
Other
0.0
% of Holdings
1. American Express Co ORD
2. Bank of New York Mellon
3. Costco Wholesale Corp O
4. Wells Fargo & Co ORD
5. CVS Caremark Corp ORD
All holdings related data as of 7/31/2011
The Fund seeks long term growth of capital.
The Advisors of the fund uses the Davis
investment Discipline to invest the majority of
assets of the fund in equity securities issued by
large companies with market capitalizations of
at least 10 billion. The Fund has the flexibility
to invest a limited portion of its assets in
companies of any size to invest in companies
whose shares may be subject to controversy, to
invest in foreign securities including depositary
receipts and to invest in non equity securities.
0.89%
0.24%
4.75%
0.00%
0.50%
EQ Geographic Breakdown (% of Total)
Top Holdings
Fund Description
4.9
4.6
4.4
4.3
4.0
5 Year 10 Year
21.10
17.20
0.53
2.67
1.06
1.00
97
95
-0.13
0.15
-0.22
0.22
EQ Sector Weightings (%) (7/31/2011)
% of Holdings
6. Occidental Petroleum Co
7. Eog Resources Inc ORD
8. Devon Energy Corp ORD
9. Loews Corp ORD
10. Canadian Natural Resour
3 Year
21.91
-0.86
1.08
97
0.40
0.64
3.7
3.6
3.4
3.2
3.1
Financials
Consumer Staples
Energy
Health Care
Information Technology
Materials
Consumer Discretionary
Industrials
Telecom Services
Utilities
Unclassified
Total Returns (%)
27.4
17.9
15.8
13.2
7.3
6.9
5.7
5.5
0.4
0.0
0.0
NAVLoad-Adjusted†
Year-To-Date
-4.78
1 Month
11.07
3 Month
-5.41
1 Year
2.59
-9.70
3 Year
8.77
-3.00
5 Year
-1.54
-3.91
10 Year Average
4.41
2.90
15 Year Average
6.64
5.84
20 Year Average
9.41
8.73
Since Inception
11.59
11.22
† Load Adjusted Return data as of 9/30/2011
12/06/2011
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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®
Jim & Susan
Hartford Capital Apprec AITHAX
Profile Report
Category: Large Blend
Asset Class: Large Cap Blend
Data as of 10/31/2011
Operations
Composition (as of 10/31/2011)
Fund Family
Hartford Mutual Funds
CUSIP
416645406
Fund Inception Date
7/22/1996
Net Asset Value (NAV)
$30.55
Net Assets (11/30/2011)
$5,424.70 Mil
Turnover (10/31/2010)
70.00%
Last Income Dividend (12/22/2008)
$0.3135
Last Capital Gain (11/14/2007)
$3.7277
Dividend Yield (12 months)
0.00%
Dividend Yield (30 days)
0.00%
% Of Portfolio
Equity
Fixed Income
0.3
Cash
2.0
Other
0.1
Fees & Expenses
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
97.5
1.15%
0.25%
5.50%
0.00%
1.00%
North America
67.8
Latin America
2.2
Europe
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
11.3
Emerging Markets Europe
0.0
Asia-Pacific
8.6
Emerging Markets Asia
2.1
Middle East/North Africa
3.4
Africa
1.1
Other
1.3
% of Holdings
1. Ford Motor Co ORD
2. JPMorgan Chase & Co ORD
3. Teva Pharmaceutical Ind
4. Dow Chemical Co ORD
5. Google Inc ORD
All holdings related data as of 10/31/2011
The Fund seeks growth of capital. The Fund
seeks its goal by investing primarily in stocks
selected on the basis of potential for capital
appreciation. The Fund may normally invest at
least 65 percent of its total assets in common
stocks of small, medium and large companies.
The Fund may invest up to 35 percent of its
total assets in securities of foreign issuers
and non dollar securities, including emerging
market securities. The sub adviser of the Fund
identifies companies that have substantial near
term capital appreciation potential regardless of
company size or industry.
MPT Stats
EQ Geographic Breakdown (% of Total)
Top Holdings
Fund Description
5.3
5.1
3.4
3.1
3.0
5 Year 10 Year
24.01
20.10
0.89
3.57
1.16
1.14
91
90
-0.11
0.18
-0.20
0.25
EQ Sector Weightings (%) (9/30/2011)
% of Holdings
6. Itochu Corp ORD
7. Chesapeake Energy Corp
8. Mitsubishi UFJ Financia
9. General Electric Compan
10. Oracle Corp ORD
3 Year
23.10
-0.18
1.11
93
0.42
0.70
2.7
2.7
2.5
2.4
2.4
Information Technology
Financials
Industrials
Energy
Health Care
Consumer Discretionary
Materials
Consumer Staples
Telecom Services
Utilities
Unclassified
Total Returns (%)
19.4
17.9
15.2
13.8
10.7
10.5
7.3
4.9
0.4
0.0
0.0
NAVLoad-Adjusted†
Year-To-Date
-11.78
1 Month
12.61
3 Month
-8.09
1 Year
-5.71
-17.03
3 Year
9.81
-4.09
5 Year
-1.50
-4.09
10 Year Average
5.32
3.78
15 Year Average
10.64
9.59
20 Year Average
Since Inception
11.97
10.77
† Load Adjusted Return data as of 9/30/2011
12/06/2011
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®
Jim & Susan
Hartford MidCap AHFMCX
Profile Report
Category: Mid-Cap Growth
Asset Class: Mid Cap Growth
Data as of 10/31/2011
Operations
Composition (as of 10/31/2011)
Fund Family
Hartford Mutual Funds
CUSIP
416645711
Fund Inception Date
12/30/1997
Net Asset Value (NAV)
$20.67
Net Assets (11/30/2011)
$1,672.40 Mil
Turnover (10/31/2010)
56.00%
Last Income Dividend (12/20/2007)
$0.1109
Last Capital Gain (11/14/2007)
$3.9620
Dividend Yield (12 months)
0.00%
Dividend Yield (30 days)
0.00%
% Of Portfolio
Equity
Fixed Income
0.0
Cash
0.1
Other
0.0
Fees & Expenses
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
99.9
MPT Stats
North America
97.6
Latin America
0.6
Europe
1.8
Emerging Markets Europe
0.0
Asia-Pacific
0.0
Emerging Markets Asia
0.0
Middle East/North Africa
0.0
Africa
0.0
Other
0.0
% of Holdings
1. Verisign Inc ORD
2. Genpact Ltd ORD
3. PACCAR Inc ORD
4. M&T Bank Corp ORD
5. Watson Pharmaceuticals
All holdings related data as of 10/31/2011
The Fund seeks long term growth of capital.
The Fund seeks its goal by investing primarily
in stocks selected on the basis of potential for
capital appreciation. The Fund invests at least
80 percent of its assets in common stocks of
mid capitalization companies. The Fund defines
mid capitalization companies as companies
with market capitalizations within the collective
range of the Russell Mid cap and S and P Mid
cap 400 Indices. The Fund may invest up to
20 percent of its assets in securities of foreign
issuers and non dollar securities.
1.25%
0.25%
5.50%
0.00%
1.00%
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
EQ Geographic Breakdown (% of Total)
Top Holdings
Fund Description
2.2
2.1
1.9
1.8
1.8
5 Year 10 Year
21.87
18.54
-0.32
1.56
0.89
0.87
96
94
0.07
0.33
0.15
0.57
EQ Sector Weightings (%) (9/30/2011)
% of Holdings
6. Ensco PLC DR
7. Pioneer Natural Resourc
8. Harley-Davidson Inc ORD
9. Manpower Inc ORD
10. Mylan Inc ORD
3 Year
21.15
-5.18
0.94
97
0.58
1.04
1.7
1.7
1.6
1.6
1.6
Information Technology
Industrials
Health Care
Financials
Energy
Consumer Discretionary
Materials
Utilities
Telecom Services
Consumer Staples
Unclassified
Total Returns (%)
19.1
18.9
17.6
11.5
10.3
9.8
5.2
4.8
1.5
1.4
0.0
NAVLoad-Adjusted†
Year-To-Date
-6.09
1 Month
14.33
3 Month
-6.85
1 Year
2.53
-12.43
3 Year
12.42
-1.81
5 Year
2.89
-0.32
10 Year Average
7.94
6.57
15 Year Average
20 Year Average
Since Inception
10.92
9.47
† Load Adjusted Return data as of 9/30/2011
12/06/2011
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®
Jim & Susan
Home Depot Inc HD (NYSE)
Profile Report
Latest Price : $ 40.23 (12/05/2011)
Shares Outstanding (Mil) : 1,564 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Co.
$2.33
3.18
$4.91
$57,050
$39.79
$28.13
15.65
2.84
0.85
10.05
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
First Call Consensus
BUY
BUY/HOLD
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
HOLD
HOLD/SELL
SELL
3
4
5
2.2
Performance (as of 10/31/2011)
Total Returns (%)
S&P 500 (%)
15 %
10 %
Consumer Discretionary
Specialty Retail
2455 Paces Ferry Road North
West, Atlanta, GA 30339
Investor Relations
+1 770 433-8211
Sector
Industry
Address
0%
-5 %
Total Returns (%)
S&P 500 (%)
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
4.31
-0.35
19.28
5.92
18.79
8.96
2.32
-1.88
1.38
1.69
9.03
3.91
10.34
5.98
*Benchmark: S&P 500 Composite Index
Financial Statement (as of 01/30/2011)
Income Statement ($Mil)
Balance Sheet (as of 01/30/2011)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
1000
0
Q1
Q2
Q3
2010
Q4
2011
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
20000
10000
0
Q1
Q2
2010
Q3
Q4
5,374
1,718
104
3,552
1,096
2,709
2011
Profitability Ratios (as of 01/30/2011)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
40,104
13,479
545
10,625
26,625
21,215
10,122
8,707
18,889
Cash Flow Statement (Annual)
Revenue - Expenses
12/06/2011
2.2
4
1
28
Company Overview
5%
Q4
2
Current Mean
High
Low
Number of Analysts
20 %
Q4
1
17.4
9.1
12.8
7.8
4.9
4.9
Dividends (as of 01/30/2011)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
The Home Depot, Inc. (The Home Depot) is a
home improvement retailer. The Home Depot
stores sells an assortment of building materials,
home improvement and lawn and garden
products and provide a number of services.
The Home Depot stores average approximately
105,000 square feet of enclosed space, with
approximately 24,000 additional square feet
of outside garden area. As of January 30,
2010, the Company had 2,248 The Home
Depot stores located throughout the United
States, including the Commonwealth of Puerto
Rico and the territories of the United States
Virgin Islands and Guam, Canada, China and
Mexico. The Home Depot stores serve three
primary customer groups: -It-Yourself (D-I-Y)
Customers, Do-It-For-Me (D-I-F-M) customers
and Professional Customers. During the fiscal
year ended January 30, 2010, the Company
launched products, such as EcoSmart LED
light bulbs, Commercial Electric electrical tools,
Husky tool bags, Platinum Plus carpet.
Liquidity Ratios (as of 01/30/2011)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
1.33
0.16
0.52
4.61
10.89
1.16
3.18
9.03
47
1.50
12/31/1999
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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®
Jim & Susan
KEELEY Small Cap Value AKSCVX
Profile Report
Category: Small Blend
Asset Class: Small Cap Blend
Data as of 10/31/2011
Operations
Composition (as of 9/30/2011)
Fund Family
Keeley Funds
CUSIP
487300501
Fund Inception Date
10/1/1993
Net Asset Value (NAV)
$23.47
Net Assets (11/30/2011)
$2,261.80 Mil
Turnover (9/30/2010)
9.00%
Last Income Dividend (12/29/2009)
$0.0370
Last Capital Gain (12/27/2007)
$0.6753
Dividend Yield (12 months)
0.00%
Dividend Yield (30 days)
0.00%
% Of Portfolio
Equity
Fixed Income
0.0
Cash
1.5
Other
0.0
Fees & Expenses
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
98.5
MPT Stats
North America
97.1
Latin America
0.0
Europe
1.4
Emerging Markets Europe
0.0
Asia-Pacific
0.0
Emerging Markets Asia
0.0
Middle East/North Africa
0.0
Africa
0.0
Other
0.0
% of Holdings
1. Treehouse Foods Inc ORD
2. Range Resources Corp OR
3. Fidelity Instl Governme
4. Westinghouse Air Brake
5. Colfax Corp ORD
All holdings related data as of 9/30/2011
The Fund seeks capital appreciation. The
Fund intends to pursue its investment objective
by investing in companies with small market
capitalization, which currently defined as
$2.5 billion. The Fund may invest at least 80
percent of its net assets plus the amount of any
borrowings for investment purposes in common
stocks and other equity type securities including
preferred stock convertible debt securities
and warrants of companies with small market
capitalization.
1.36%
0.25%
4.50%
0.00%
0.00%
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
EQ Geographic Breakdown (% of Total)
Top Holdings
Fund Description
1.3
1.2
1.2
1.1
1.1
5 Year 10 Year
29.30
23.68
-1.36
1.96
1.08
0.99
90
86
-0.07
0.30
-0.15
0.59
EQ Sector Weightings (%) (9/30/2011)
% of Holdings
6. ITC Holdings Corp ORD
7. Contango Oil & Gas Co O
8. Perrigo Co ORD
9. Genesee & Wyoming Inc O
10. Walter Investment Manag
3 Year
29.03
-3.87
1.05
97
0.31
0.69
1.1
1.1
1.0
1.0
1.0
Industrials
Financials
Consumer Discretionary
Energy
Materials
Consumer Staples
Health Care
Information Technology
Utilities
Telecom Services
Unclassified
Total Returns (%)
32.7
17.8
12.9
11.0
10.9
3.7
3.5
3.3
2.9
0.0
1.3
NAVLoad-Adjusted†
Year-To-Date
-6.01
1 Month
15.67
3 Month
-9.59
1 Year
7.17
-8.47
3 Year
9.13
-6.98
5 Year
-0.73
-3.11
10 Year Average
9.04
7.17
15 Year Average
10.57
9.06
20 Year Average
Since Inception
11.07
9.76
† Load Adjusted Return data as of 9/30/2011
12/06/2011
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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®
Jim & Susan
Lowe's Companies Inc. LOW (NYSE)
Latest Price : $ 24.35 (12/05/2011)
Profile Report
Shares Outstanding (Mil) : 1,260 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Co.
$1.38
1.85
$4.08
$28,577
$27.45
$19.35
16.43
1.61
0.72
7.86
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
First Call Consensus
BUY
BUY/HOLD
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
HOLD
HOLD/SELL
SELL
3
4
5
2.3
Performance (as of 10/31/2011)
20 %
15 %
10 %
5%
0%
-5 %
-10 %
-15 %
Total Returns (%)
S&P 500 (%)
Consumer Discretionary
Specialty Retail
1000 Lowe's Blvd, Mooresville,
NC 28117
Investor Relations
+1 704 758-1000
Sector
Industry
Address
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
-14.37
-0.35
0.63
5.92
0.83
8.96
-5.43
-1.88
3.11
1.69
10.90
3.91
18.64
5.98
Financial Statement (as of 01/28/2011)
Income Statement ($Mil)
Balance Sheet (as of 01/28/2011)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
1000
500
0
Q1
Q2
Q3
2010
Q4
2011
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
10000
0
Q1
Q2
2010
Q3
Q4
3,779
1,684
-133
2,228
1,329
1,879
2011
Profitability Ratios (as of 01/28/2011)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
33,699
9,967
1,123
8,321
23,732
15,587
7,119
6,537
18,112
Cash Flow Statement (Annual)
Revenue - Expenses
12/06/2011
2.3
5
1
26
Current Mean
High
Low
Number of Analysts
*Benchmark: S&P 500 Composite Index
Q4
2
Company Overview
Total Returns (%)
S&P 500 (%)
Q4
1
10.7
6.6
9.1
6.6
4.1
4.1
Dividends (as of 01/28/2011)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
Lowe's Companies, Inc. (Lowe's) is a home
improvement retailer. As of January 28, 2011,
the Company operated 1,749 stores, consisted
of 1,723 stores across 50 United States states
and 24 stores in Canada and two in Mexico.
Its 1,749 stores represent approximately 197
million square feet of retail selling space. The
Company serves homeowners, renters and
commercial business customers. Individual
homeowners and renters complete various
projects differently and vary along the spectrum
of do-it-yourself (DIY) and do-it-for-me (DIFM).
During the fiscal year ended January 28,
2011 (fiscal 2010), it opened 42 new stores,
including eight Canadian stores and two stores
in Mexico. Its store openings included three
primary prototypes: 117,000-square-foot (117K)
and 103,000-square-foot (103K) stores for
large markets and a 94,000-square-foot (94K)
store to serve smaller markets. On October 16,
2011, the Company closed 10 underperforming
stores.
Liquidity Ratios (as of 01/28/2011)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
1.40
0.16
0.36
3.61
10.16
0.42
1.85
30.73
29
2.00
07/03/2006
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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®
Jim & Susan
Microsoft Corp. MSFT (NASDAQ)
Latest Price : $ 25.7 (12/05/2011)
Profile Report
Shares Outstanding (Mil) : 8,412 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
Co.
$2.75
2.39
$33.10
$204,416
$29.46
$23.65
8.84
3.36
4.02
7.08
First Call Consensus
BUY
BUY/HOLD
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
HOLD
HOLD/SELL
SELL
3
4
5
2.1
Performance (as of 10/31/2011)
Total Returns (%)
S&P 500 (%)
15 %
10 %
Information Technology
Software
One Microsoft Way, Redmond,
WA 98052-6399
Investor Relations
+1 425 882-8080
Sector
Industry
Address
0%
-5 %
Total Returns (%)
S&P 500 (%)
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
-2.78
-0.35
2.37
5.92
8.52
8.96
0.45
-1.88
1.52
1.69
9.58
3.91
15.32
5.98
*Benchmark: S&P 500 Composite Index
Financial Statement (as of 06/30/2011)
Income Statement ($Mil)
Balance Sheet (as of 06/30/2011)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
7500
5000
2500
0
Q4
Q1
Q2
2010
Q3
2011
20000
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
10000
0
Q4
Q1
2010
Q2
Q3
29,997
2,537
2
27,458
2,355
22,462
2011
Profitability Ratios (as of 06/30/2011)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
108,704
74,918
52,968
1,372
33,786
51,621
28,774
11,921
57,083
Cash Flow Statement (Annual)
Revenue - Expenses
12/06/2011
2.1
5
1
36
Company Overview
5%
Q3
2
Current Mean
High
Low
Number of Analysts
20 %
Q3
1
44.8
24.0
38.5
40.1
33.1
33.1
Dividends (as of 06/30/2011)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
Microsoft Corporation is engaged in developing,
licensing and supporting a range of software
products and services. It also designs and sells
hardware, and delivers online advertising to
the customers. It has five segments: Windows
& Windows Live Division (Windows Division),
Server and Tools, Online Services Division
(OSD), Microsoft Business Division (MBD), and
Entertainment and Devices Division (EDD). Its
products include operating systems for personal
computers (PCs), servers, phones, and
other intelligent devices; server applications
for distributed computing environments;
productivity applications; business solution
applications; desktop and server management
tools; software development tools; video
games, and online advertising. Its cloud-based
computing services include Bing and Windows
Live Essentials suite. In October 2011, it
acquired Skype Global S.a r.l. In November
2011, the Company acquired VideoSurf Inc.
Liquidity Ratios (as of 06/30/2011)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
2.60
2.36
0.21
2.09
96.16
0.58
2.39
7.18
22
2.00
02/18/2003
Copyright© 2011. Thomson Reuters. All Rights Reserved.
Page 161 of 164
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®
Jim & Susan
Office Depot Inc. ODP (NYSE)
Latest Price : $ 2.44 (12/05/2011)
Profile Report
Shares Outstanding (Mil) : 280 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Co.
$-0.04
0.00
$0.30
$550
$6.25
$1.75
-49.00
0.67
0.13
1.45
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
First Call Consensus
BUY
BUY/HOLD
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
HOLD
HOLD/SELL
SELL
3
4
5
2.9
Performance (as of 10/31/2011)
Total Returns (%)
S&P 500 (%)
0%
-60 %
Total Returns (%)
S&P 500 (%)
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
-57.59
-0.35
-49.00
5.92
-14.00
8.96
-44.11
-1.88
-16.32
1.69
-10.97
3.91
-3.83
5.98
*Benchmark: S&P 500 Composite Index
Financial Statement (as of 12/25/2010)
Income Statement ($Mil)
Balance Sheet (as of 12/25/2010)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
100
50
Q4
Q1
Q2
2010
Q3
2011
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
2500
1250
0
Q4
Q1
2010
Q2
Q3
12/06/2011
377
208
16
153
169
180
2011
Profitability Ratios (as of 12/25/2010)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
4,619
3,091
628
1,234
1,528
3,484
2,343
660
766
Cash Flow Statement (Annual)
Revenue - Expenses
Q3
Consumer Discretionary
Specialty Retail
6600 North Military Trail, Boca
Raton, FL 33496
Investor Relations
+1 561 438-4800
Sector
Industry
Address
-40 %
Q3
2.9
5
1
18
Company Overview
-20 %
-50
2
Current Mean
High
Low
Number of Analysts
20 %
0
1
-0.3
1.5
3.9
-0.8
0.3
0.3
Office Depot, Inc. (Office Depot) is a global
supplier of office products and services. The
Company operates in three business segments:
North American Retail Division, North American
Business Solutions Division and International
Division. The North American Retail Division
includes its retail office supply stores in the
United States and Canada, which offers office
supplies and services, computers and business
machines and related supplies, and office
furniture. The stores also offer a copy and print
center offering printing, reproduction, mailing
and shipping. The North American Business
Solutions Division sells office supply products
and services in the United States and Canada
directly to businesses through catalogs, Internet
Websites and a dedicated sales force. Its
International Division sells office products and
services through catalogs, Internet Websites, a
dedicated sales force and retail stores.
Liquidity Ratios (as of 12/25/2010)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
1.32
0.71
0.96
8.62
-0.25
Dividends (as of 12/25/2010)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
0.00
0.00
0.00
0
1.50
04/05/1999
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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®
Jim & Susan
Templeton Foreign ATEMFX
Profile Report
Category: Foreign Large Value
Asset Class: International Equity
Data as of 10/31/2011
Operations
Composition (as of 9/30/2011)
Fund Family
Franklin Templeton Investm
CUSIP
880196209
Fund Inception Date
10/5/1982
Net Asset Value (NAV)
$6.59
Net Assets (10/31/2011)
$3,774.10 Mil
Turnover (8/31/2011)
35.00%
Last Income Dividend (12/17/2010)
$0.1243
Last Capital Gain (12/19/2008)
$1.9998
Dividend Yield (12 months)
1.78%
Dividend Yield (30 days)
1.78%
% Of Portfolio
Equity
Fixed Income
0.0
Cash
1.7
Other
0.6
Fees & Expenses
Total Expense Ratio (Gross)
12b-1 Fee
Max Front End Sales Charge
Max Redemption Fee
Max Deferred Sales Charge
97.7
1.19%
0.25%
5.75%
0.00%
1.00%
North America
3.7
Latin America
0.9
Europe
Standard Deviation
Alpha (%)
Beta
R-Squared (%)
Sharpe
Treynor
66.6
Emerging Markets Europe
Asia-Pacific
13.1
Emerging Markets Asia
12.2
Middle East/North Africa
0.0
Africa
0.0
Other
0.0
% of Holdings
3.1
2.8
2.7
2.5
2.4
% of Holdings
6. Samsung Electronics Co
7. Statoil ASA ORD
8. Tesco PLC ORD
9. Vodafone Group PLC ORD
10. Cisco Systems Inc ORD
3 Year
25.63
3.56
1.08
96
0.59
1.09
5 Year 10 Year
26.41
20.59
2.88
0.53
1.09
1.03
96
95
-0.03
0.25
-0.05
0.40
EQ Sector Weightings (%) (9/30/2011)
1.2
1. ROCHE HOLDING G PAR
2. ING Groep NV ORD
3. Sanofi SA ORD
4. Credit Suisse Group AG
5. GlaxoSmithKline PLC ORD
All holdings related data as of 9/30/2011
The Fund seeks long-term capital growth. The
Fund invests primarily in the equity securities of
companies located outside the U.S., including
emerging markets. The Fund will invest at least
80 percent of its net assets in foreign securities
which may include emerging markets. The
Fund also invests in American, European and
Global Depositary Receipts. When choosing
equity investments for the Fund, the manager
applies a bottom-up, value-oriented, longterm approach, focusing on the market price
of company securities relative to the manager
evaluation of the long-term earnings, asset
value and cash flow potential of the company.
MPT Stats
EQ Geographic Breakdown (% of Total)
Top Holdings
Fund Description
2.4
2.3
2.3
2.1
2.0
Financials
Information Technology
Energy
Telecom Services
Health Care
Industrials
Consumer Discretionary
Materials
Consumer Staples
Utilities
Unclassified
Total Returns (%)
25.6
14.6
12.6
11.9
11.1
9.3
6.0
3.9
3.2
1.6
0.0
NAVLoad-Adjusted†
Year-To-Date
-5.59
1 Month
11.70
3 Month
-10.34
1 Year
-3.18
-14.06
3 Year
15.21
-0.66
5 Year
0.59
-2.16
10 Year Average
6.87
5.47
15 Year Average
6.04
4.93
20 Year Average
7.45
6.52
Since Inception
11.11
10.50
† Load Adjusted Return data as of 9/30/2011
12/06/2011
Copyright© 2011. Thomson Reuters. All Rights Reserved.
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Jim & Susan
Wells Fargo & Co. WFC (NYSE)
Latest Price : $ 26.74 (12/05/2011)
Profile Report
Shares Outstanding (Mil) : 5,274 (11/30/2011)
Price Graph (up to 60 months)
Fundamentals (as of 11/30/2011)
Month End EPS
Dividend Yield %
Net Profit Margin
Market Cap (Mil)
52 Week High
52 Week Low
P/E Current
Price/Book
Price/Sales
Price/Cash Flow
Co.
$2.70
2.04
$13.12
$123,981
$34.25
$23.02
8.71
0.97
1.73
4.80
First Call Consensus
BUY
BUY/HOLD
*S&P 500
$3.08
2.13
$8.43
$21,085
$45.84
$30.94
1.68
0.98
6.63
HOLD
HOLD/SELL
SELL
3
4
5
2
Performance (as of 10/31/2011)
15 %
10 %
5%
0%
-5 %
-10 %
-15 %
-20 %
Total Returns (%)
S&P 500 (%)
Financials
Commercial Banks
420 Montgomery Street, San
Francisco, CA 94163
Investor Relations
+1 866 249-3302
Sector
Industry
Address
YTD
1 Year
3 Year
5 Year
10 Year
15 Year
20 Year
-15.55
-0.35
0.62
5.92
-7.09
8.96
-4.12
-1.88
5.60
1.69
8.59
3.91
12.40
5.98
Financial Statement (as of 12/31/2010)
Income Statement ($Mil)
Balance Sheet (as of 12/31/2010)
Net Income
Expenses
Total Assets ($Mil)
Current Assets
Cash
Inventories
Non-Current Assets
Total Liabilities
Current Liabilities
Long Term Debt
Total Equity
Revenue
Net Income
5000
2500
0
Q4
Q1
Q2
2010
Q3
2011
Cash Flow From Oper
Depr & Amor
Deffered Taxes
Other Income
Capital Spending
Free Cash Flows
20000
10000
0
Q4
Q1
2010
Q2
Q3
24,324
1,500
-2
0
0
22,542
2011
Profitability Ratios (as of 12/31/2010)
Return on Equity (ROE)
Return on Assets (ROA)
Return on Invested Capital
Pre-Tax Profit Margin (%)
Post-Tax Profit Margin (%)
Net Profit Margin (%)
1,258,128
0
16,044
0
0
1,130,239
0
120,760
117,719
Cash Flow Statement (Annual)
Revenue - Expenses
12/06/2011
2
5
1
33
Current Mean
High
Low
Number of Analysts
*Benchmark: S&P 500 Composite Index
Q3
2
Company Overview
Total Returns (%)
S&P 500 (%)
Q3
1
10.5
1.3
4.5
20.2
13.1
13.1
Dividends (as of 12/31/2010)
Current Div/Share
Dividend Yield %
5 Year Growth %
Payout Ratio %
Split Ratio
Last Split
0.48
2.04
-17.61
9
2.00
08/14/2006
Wells Fargo & Company (Wells Fargo) is
a diversified financial services company.
The Company provides banking, insurance,
investments, mortgage banking, investment
banking, retail banking, brokerage, and
consumer finance through banking stores,
the Internet and other distribution channels
to consumers, businesses and institutions
in 50 states, the District of Columbia, and
in other countries. The Company operates
in three segments: Community Banking,
Wholesale Banking, and Wealth, Brokerage
and Retirement. The Company provides other
financial services through subsidiaries engaged
in various businesses, principally: wholesale
banking, mortgage banking, consumer finance,
equipment leasing, agricultural finance,
commercial finance, securities brokerage
and investment banking, insurance agency
and brokerage services, computer and data
processing services, trust services and
investment advisory services. In September
2011, the Company acquir.
Liquidity Ratios (as of 12/31/2010)
Current Ratio
Quick Ratio
Debt/Equity
Leverage Ratio
Initial Coverage from Cont.Operations
Copyright© 2011. Thomson Reuters. All Rights Reserved.
0.00
0.00
1.80
10.26
3.87
Page 164 of 164