FIXED-INCOME STRUCTURED NOTE (FISN)

Strategy Objective

Seeks to generate consistent low double-digit income with bond-like risk

Underliers

Broad-Based Indices & Sector ETFs

Typical Protections

Principal Protection: 30% - 40%

Coupon Protection: 25% - 35%

Coupons

*10.91%

Average Realized Coupon Rate

How Structured Note Barriers Work

If the referenced asset return is below the barrier level at maturity, the structured note will fully participate in the asset’s downside return.

Structured note barriers are pre-determined downside protection levels. (e.g. 30%)

If the referenced asset return is above the barrier level at maturity, the structured note will experience no loss on initial principal invested.

Active Management

Design: Note underliers, features and protection levels

Deploy: Allocate to structured notes following strategy disciplines

Monitor: Active life cycle management throughout note duration

Redeploy: Reinvest capital as structured notes are called, sold, or mature

  
        Monthly Deployment
        Issuer Exposure
        Index Exposure
        Sector Exposure
      
        5% - 25%
        ≤ 30%
        ≤ 50%
        ≤ 25%

Annual Performance as of 03/31/26

*Composite inception date is 10/01/22. We are in the processing of compiling our composite data back to the strategy origination of September 2019 and will update all relevant numbers once that compilation is complete.

Minimum Investment: $35,000
Available for qualified and non-qualified accounts
Available on Strategy Link, Schwab Advisor Center, Envestnet, GeoWealth and SMArtX
Tax Document: 1099 from custodian
Management Fee: 1.25%
Risk Profile: Conservative-Moderate
Custodians: Schwab, Goldman Sachs, & Fidelity (through Strategy Link)

Investment Summary

tructured notes are issued by banks and are subject to the credit risk of the issuing institution. They are also linked to underlying assets and therefore carry the risks associated with those referenced assets. Any protection levels shown are based on the average of protection levels across notes purchased historically and are subject to change over time.

*The average realized coupon rate is net of fees and represents the average of each note’s coupon, adjusted for missed coupons and management fees.

The stated investment objectives, risk guardrails, and portfolio parameters reflect the Manager’s disciplined investment framework and are established based on the Manager’s best knowledge and judgment at the time of preparation. While these guidelines are actively applied in managing the strategy, they may be adjusted in response to evolving market conditions, new information, or other relevant factors.

This material is provided for educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Past performance is not indicative of, and should not be relied upon as, a guarantee of future results. All investments involve risk, including the possible loss of principal.