Online Schwab Portfolio Checkup®: For Larry Young

Online Schwab Portfolio Checkup®
For LARRY YOUNG

January 25, 2022
This document summarizes your online Schwab Portfolio Checkup, a portfolio evaluation tool that lets you define and manage
your investment goals, risk tolerance, experience and time horizon, then shows whether your current investments match the
profile you have generated. This summary of the results of your online Schwab Portfolio Checkup compares your current portfolio
information with the proposed portfolio you selected.
Online Schwab Portfolio Checkup® | LARRY YOUNG | January 25, 2022
Summary Information
Chase bands Composition
Account Number/Name Value Account Type % of Portfolio
Schwab Accounts
90138864-S1 W/INVSTR CHK $ 0.00 Brokerage 0.0%
Total Value Schwab Accounts $ 0.00 0.0%
External Accounts
High wealth $ 1,573,488.00 Roth IRA 42.0%
High wealth $ 1,573,488.00 Roth IRA 42.0%
Checking $ 600,000.00 Other Tax-Deferred 16.0%
Total Value External Accounts $ 3,746,976.00 100.0%
Total Assets for Analysis $ 3,746,976.00 100.0%
Page 1 of 18
© 2022 Charles Schwab & Co., Inc. All rights reserved. Member SIPC (0719-9C5M)
Summary Information (continued)
Your Portfolio versus Your Target Asset Allocation

This is the Target Asset Allocation you selected below.
Conservative The Long Term Return Estimate of 2.5% is based on return estimates for each asset class weighted for your target
This asset mix is typically appropriate for:
portfolio allocation. It is a 10-year average annual return estimate intended only to provide a general guideline.
• Investing with a short-term time horizon Past Performance for This Target
• Capital preservation with limited growth potential Return (1970 - 12/2020) Risk (1970 - 12/2020)
• Income generation Avg. Annual Return 7.4% Number of Years w/Loss 2 out of 51
• Diversification of riskier holdings held elsewhere
Best Year 22.8% Avg. Loss in Down Year -2.7%
Worst Year -4.6%
Refer to Disclosures for more information on current asset values and the Long Term Return
Estimates.
Schwab target asset allocations, non-custom (Conservative, Moderately Conservative, Moderate,

Moderately Aggressive, Aggressive) were developed by the Charles Schwab Investment Advisory,
Inc. The historic returns for asset allocation plans are weighted averages of the performances of
the indices used to represent each asset class, include the reinvestment of dividends and interest,
and are rebalanced annually. The indices representing each asset class are: S&P 500® Index for
Large Cap Stocks; Russell 2000 Index for Small Cap Stocks (1970 - 1978: CRSP 6-8 Total Return
Index) ; MSCI EAFE Index for International Stocks; Bloomberg Barclays US Aggregate Bond Index
(1970 - 1975: Ibbotson U.S. Intermediate Term Government Bonds Total Return Index); and FTSE
3-Month Treasury Bill for Cash Investments (1970 - 1977: Ibbotson U.S. 30-Day T-Bill Total Return
Index). Indices are unmanaged, do not incur management fees or expenses, and cannot be
invested in directly. Past performance is no guarantee of future results.
Page 2 of 18
Asset Allocation
Your Target Asset Allocation
Your current portfolio is out of balance with your Target Asset Allocation.
Difference (Between
Your Portfolio Composition Current Target (Conservative) Current and Target)
Large Cap Equity $ 0.00 0.0% $ 562,046.40 15.0% $ 562,046.40 15.0%
Small Cap Equity $ 0.00 0.0% $ 0.00 0.0% $ 0.00 0.0%
International Equity $ 94,409.28 2.5% $ 187,348.80 5.0% $ 92,939.52 2.5%
Fixed Income $ 314,697.60 8.4% $ 1,873,488.00 50.0% $ 1,558,790.40 41.6%
Cash Investments $ 657,348.80 17.5% $ 1,124,092.80 30.0% $ 466,744.00 12.5%
Other $ 2,680,520.32 71.6% $ 0.00 0.0% $ (2,680,520.32) -71.6%
Total $ 3,746,976.00 100.0% $ 3,746,976.00 100.0%
The asset categories with an alert indicate a difference larger than 5% between your current allocation and your target asset allocation. As you evaluate your
portfolio, you should consider rebalancing your holdings.
Page 3 of 18
Equity Concentration
Your current portfolio contains one or more highly concentrated stock positions.
Top 5 Holdings
Schwab Equity % Total Portfolio

Stocks Ratings™ Value 0 15 30 45 60
NA5 $ 2,045,534.40 54.6%

Other
NA1 $ 314,697.60 8.4%
Large Cap ...
NA2 $ 220,288.32 5.9%
Small Cap ...
NA3 $ 94,409.28 2.5%
Internatio...
Your largest five stock positions and the percentage of your portfolio they represent are displayed. The bolded stocks with an alert identify any stock concentration
of 20% or more.
Schwab Equity Ratings are as of - and can change weekly. Please note that your mutual funds may also hold the individual stocks you own. If so, your effective concentration in these stocks will be
even greater.
Page 4 of 18
Equity Quality
Your current portfolio does not contain any stock positions with a D or F Schwab Equity Rating.
Schwab Equity # of Stocks % of Equity Portfolio

Ratings™ Held $ Amount 0 25 50 75 100
0 $ 0.00 0.0%
0 $ 0.00 0.0%
0 $ 0.00 0.0%
0 $ 0.00 0.0%
0 $ 0.00 0.0%
UnRated 4 $ 534,985.92 100.0%
Total 4 $ 534,985.92 100.0%
The chart displays the percentage of your domestic equities assigned each Schwab Equity Rating. Alerts are shown for D and F rated equities.
Schwab Equity Ratings are as of 1/22/22 and can change weekly. Please note that your mutual funds may also hold the individual stocks you own. If so, your effective concentration in these stocks
will be even greater.
Page 5 of 18
Mutual Fund Quality

Your current portfolio does not contain mutual fund positions that are rated 1 or 2 stars and are not on the Schwab Mutual Fund OneSource Select List.
Morningstar # of Funds % of Fund Portfolio

Ratings Held $ Amount 0 25 50 75 100
0 $ 0.00 0.0%
0 $ 0.00 0.0%
0 $ 0.00 0.0%
0 $ 0.00 0.0%
0 $ 0.00 0.0%
UnRated 1 $ 100,000.00 100.0%
Total 1 $ 100,000.00 100.0%
No Ratings Available includes mutual funds without a Morningstar Rating, thus categorized NA, NC, NR.
The chart displays the mutual fund ratings of each of the mutual fund positions in your current portfolio. Alerts are shown if one or more of your mutual funds
has a Morningstar rating of 1 or 2 stars and is not on the Mutual Fund One Source Select List™.
Page 6 of 18
Fixed Income Summary
Fixed Income Types Time to Maturity - Current

% of Fixed Income % of Fixed Income
Type $ Market Value 0 25 50 75 100 Type $ Market Value 0 25 50 75 100
Core Bonds 0.00 0.0%
0-90 Days 0.00 0.0%
CDs (> 1 Year) 0.00 0.0%
Treasuries and Agencies 0.00 0.0% 91 Days to 1 Year 0.00 0.0%
Securitized Bonds 0.00 0.0% 1-3 Years 0.00 0.0%

Corporate Bonds (Investment Grade) 0.00 0.0%
3-5 Years 0.00 0.0%
Treasury Inflation-Protected Securities 0.00 0.0%
Municipal Bonds (Tax-Exempt) 0.00 0.0% 5-10 Years 0.00 0.0%
International Bonds (Developed) 0.00 0.0%
10-20 Years 0.00 0.0%
Aggressive Income 0.00 0.0%
High Yield Bonds 0.00 0.0% 20-30 Years 0.00 0.0%
Emerging Market Bonds 0.00 0.0%
30+ Years 0.00 0.0%
Preferred Stock and Convertible Bonds 0.00 0.0%
Other 314,697.60 100.0% Not Classified 314,697.60 100.0%
Credit Ratings - Current

% of Fixed Income
Credit Ratings $ Market Value 0 25 50 75 100
US Govt or AAA 0.00 0.0%

AA 0.00 0.0%
A 0.00 0.0%
BBB 0.00 0.0%
Below BBB 0.00 0.0%
Not Rated or Not Available 314,697.60 100.0%
Page 7 of 18
Portfolio Holdings Summary

Your Current Portfolio: Chase bands
This section below shows the existing portfolio you have described to us. Before selling any existing positions, you should consider the consequences,
including for example: whether selling recently purchased mutual funds would incur significant early redemption fees, or whether low-cost basis holdings
would cause you to realize capital gains in a taxable account.
Equities
Market Cost Schwab Equity 12 Month % of Sector / Account
Ticker Name Value Basis Gain/Loss Rating Total Return Asset Class Portfolio Style
NA1 Large Cap Equities $314,698 $27,549 N/A - Other 8.4% -/ High wealth
- High wealth
NA2 Small Cap Equities $220,288 $19,285 N/A - Other 5.88% -/ High wealth
- High wealth
Funds
Market Cost Expense % of Morningstar Account
Ticker Name Value Basis Gain/Loss Ratio(%) Asset Class Portfolio Category /
Gross/Net Rating
- Bandicoot $100,000 Missing N/A -/ Other 2.67% -/ Checking
-
For important information regarding the mutual funds selected here, please see the Disclosures at the end of this report. Morningstar ratings for the 3, 5 and 10-year periods are available on the
Historical Fund Performance Pages.
Page 8 of 18
Portfolio Holdings Summary (continued)

CDs and Cash Investments
% of
Ticker Name Value Type Asset Class Portfolio Account
Cash $657,349 Cash Invest- 17.54% 90138864
ments Checking
High wealth
High wealth
Other
Cost % of
Ticker Name Value Basis Gain/Loss Portfolio Account
NA3 International $94,409 $8,265 N/A 2.52% High wealth
High wealth
NA4 Fixed Income $314,698 $27,549 N/A 8.4% High wealth
High wealth
NA5 Other $2,045,534 $179,071 N/A 54.59% High wealth
High wealth
Please view the Cost Basis Disclosure Statement for additional information on cost basis methods choices and how Schwab reports adjusted cost basis information to the IRS.
Page 9 of 18
Historical Fund Performance
Morningstar Morningstar Avg. Total Return Return Gross

Inception Overall Morningstar Historical Ratings Rating as of Quarter End Since Expense
Position Name Date Symbol Rating 3 Yr. 5 Yr. 10 Yr. Risk 1 Yr. 5 Yr. 10 Yr. Inception Ratio
Bandicoot - - - - - - - - - - -
Multi-Asset Class securities are proportionally distributed into the asset classes identified using Morningstar data. See Disclosures for details.
Page 10 of 18
Historical Fund Performance Details

Mutual Fund performance data quoted is past performance and is no indication For Pacific/Asia ex-Japan Stk, 52, 45, and 32, respectively. For Multialternative,
of future results. Current performance may be lower or higher. Visit 228, 178, and 58, respectively. For Options Trading, 96, 67, and 11, respectively.
www.schwab.com for month-end performance information. Investment value For Bank Loan, 228, 209, and 140, respectively. For Diversified Pacific/Asia, 10,
will fluctuate, and shares, when redeemed, may be worth more or less than 10, and 9, respectively. For Miscellaneous Sector, 0, 0, and 0, respectively. For
original cost. If an expense waiver was in place during the period, the net Convertibles, 73, 70, and 54, respectively. For Japan Stock, 33, 27, and 21,
expenses ratio was used to calculate fund performance. Visit www.schwab.com respectively. For Muni California Intermediate, 66, 57, and 50, respectively. For
Leveraged Net Long, 0, 0, and 0, respectively. For Utilities, 59, 54, and 47,
for net expense ratio information. respectively. For Infrastructure, 85, 71, and 31, respectively. For Long-Term Bond,
29, 27, and 22, respectively. For Target Maturity, 16, 12, and 0, respectively. For
Morningstar proprietary ratings reflect historical risk-adjusted performance as of Single Currency, 0, 0, and 0, respectively. For Allocation--15% to 30% Equity, 180,
12/31/21. For each fund with at least a three-year history, Morningstar calculates a 163, and 107, respectively. For Target-Date 2000-2010, 115, 77, and 52,
Morningstar Rating TM based on a Morningstar Risk-Adjusted Return measure that respectively. For Muni Florida, 0, 0, and 0, respectively. For Relative Value
accounts for variation in a fund's monthly performance (including the effects of sales Arbitrage, 13, 12, and 5, respectively. For Trading--Leveraged Equity, 0, 0, and 0,
charges, loads and redemption fees), placing more emphasis on downward variations respectively. For Muni National Short, 210, 176, and 134, respectively. For Muni
and rewarding consistent performance. (Each share class is counted as a fraction of California Long, 95, 80, and 61, respectively. For Europe Stock, 92, 78, and 50,
one fund within this scale and rated separately, which may cause slight variations in respectively. For Foreign Small/Mid Value, 51, 47, and 14, respectively. For
the distribution percentages.) The top 10% of the funds in an investment category Miscellaneous Region, 0, 0, and 0, respectively. For Equity Energy, 69, 66, and 51,
receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 respectively. For Commodities Precious Metals, 15, 14, and 10, respectively. For
stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is a Allocation--50% to 70% Equity, 665, 601, and 433, respectively. For Muni National
weighted average of the funds' three-, five-, and 10-year (if applicable) Morningstar Interm, 270, 231, and 168, respectively. For World Small/Mid Stock, 139, 105, and
rating metrics. The total number of funds included in each category for the 3-, 5- and 70, respectively. For Foreign Small/Mid Growth, 128, 111, and 74, respectively. For
10-year period are as follows: Target-Date Retirement, 151, 126, and 78, respectively. For Real Estate, 233, 200,
and 149, respectively. For Short Government, 79, 75, and 66, respectively. For
For Target-Date 2055, 200, 162, and 64, respectively. For Multistrategy, 131, 101, Small Growth, 580, 513, and 385, respectively. For Muni Single State Long, 167,
and 38, respectively. For Consumer Defensive, 27, 23, and 19, respectively. For 131, and 100, respectively. For Small Blend, 596, 528, and 352, respectively. For
Equity Precious Metals, 64, 59, and 50, respectively. For World Large-Stock Technology, 214, 183, and 155, respectively. For Target-Date 2030+, 0, 0, and 0,
Growth, 306, 261, and 166, respectively. For Trading--Inverse Commodities, 0, 0, respectively. For Multisector Bond, 273, 234, and 131, respectively. For
and 0, respectively. For Health, 140, 130, and 108, respectively. For Financial, 97, Allocation--85%+ Equity, 174, 159, and 103, respectively. For Diversified
86, and 73, respectively. For Commodities Miscellaneous, 0, 0, and 0, respectively. Emerging Mkts, 720, 615, and 342, respectively. For Muni National Long, 151, 122,
For Muni New Jersey, 48, 42, and 38, respectively. For Money Market - Tax-Free, and 98, respectively. For Muni Ohio, 23, 20, and 19, respectively. For China Region,
0, 0, and 0, respectively. For Commodities Industrial Metals, 0, 0, and 0, 95, 72, and 53, respectively. For Muni Minnesota, 43, 38, and 30, respectively. For
respectively. For Inflation-Protected Bond, 202, 179, and 124, respectively. For Natural Resources, 107, 99, and 87, respectively. For Corporate Bond, 191, 149,
Industrials, 40, 34, and 29, respectively. For Multicurrency, 18, 18, and 14, and 90, respectively. For Emerging Markets Bond, 262, 219, and 76, respectively.
respectively. For Event Driven, 42, 38, and 20, respectively. For Target-Date 2065+, For Global Real Estate, 197, 176, and 111, respectively. For Large Growth, 1116,
16, 0, and 0, respectively. For Small Value, 418, 392, and 300, respectively. For 1012, and 768, respectively. For Commodities Agriculture, 6, 6, and 1, respectively.
Nontraditional Bond, 294, 261, and 122, respectively. For High Yield Bond, 634, For Muni Pennsylvania, 51, 46, and 42, respectively. For Commodities Broad
558, and 370, respectively. For Trading--Inverse Debt, 0, 0, and 0, respectively. For Basket, 101, 80, and 50, respectively. For Mid-Cap Growth, 538, 491, and 380,
Trading--Leveraged Commodities, 0, 0, and 0, respectively. For respectively. For Muni Single State Interm, 152, 139, and 121, respectively. For
Trading--Leveraged Debt, 0, 0, and 0, respectively. For High Yield Muni, 189, 153, Allocation--70% to 85% Equity, 293, 264, and 195, respectively. For World
and 103, respectively. For Money Market-Taxable, 0, 0, and 0, respectively. For Large-Stock Blend, 283, 236, and 145, respectively. For Target-Date 2015-2029, 0,
Market Neutral, 91, 76, and 23, respectively. 0, and 0, respectively. For Volatility, 0, 0, and 0, respectively. For Stable Value, 0, 0,
and 0, respectively. For Ultrashort Bond, 214, 175, and 89, respectively. For
Foreign Large Value, 324, 284, and 179, respectively. For Long-Short Equity, 179,
154, and 54, respectively. For Muni Single State Short, 33, 32, and 28, respectively.
For World Large-Stock Value, 159, 149, and 86, respectively. For Target-Date
2035, 200, 164, and 85, respectively. For Tactical Allocation, 247, 210, and 108,
respectively.
Page 11 of 18
Historical Fund Performance Details (continued)

For Energy Limited Partnership, 91, 76, and 24, respectively. For Commodities
Focused, 37, 32, and 26, respectively. For World Allocation, 398, 344, and 234,
respectively. For Target-Date 2050, 202, 167, and 85, respectively. For
Options-based, 113, 70, and 16, respectively. For Target-Date 2040, 202, 167, and
93, respectively. For Short-Term Bond, 557, 478, and 315, respectively. For
Allocation--30% to 50% Equity, 465, 424, and 283, respectively. For Muni Target
Maturity, 10, 4, and 0, respectively. For Prime Money Market, 0, 0, and 0,
respectively. For World Large Stock, 762, 645, and 395, respectively. For Mid-Cap
Value, 391, 351, and 265, respectively. For Derivative Income, 65, 41, and 19,
respectively. For Target-Date 2025, 203, 167, and 88, respectively. For Muni New
York Long, 69, 60, and 51, respectively. For Systematic Trend, 73, 64, and 25,
respectively. For Bear Market, 57, 55, and 53, respectively. For World Bond-USD
Hedged, 110, 81, and 48, respectively. For Large Value, 1143, 1036, and 755,
respectively. For Mid-Cap Blend, 360, 313, and 206, respectively. For Target-Date
2030, 202, 167, and 93, respectively. For World Bond, 190, 164, and 128,
respectively. For Consumer Cyclical, 44, 40, and 36, respectively. For Money
Market-Non-40 Act, 0, 0, and 0, respectively. For Intermediate Core-Plus Bond,
569, 495, and 353, respectively. For Foreign Small/Mid Blend, 85, 73, and 46,
respectively. For Foreign Large Blend, 698, 601, and 409, respectively. For Muni
New York Intermediate, 51, 45, and 40, respectively. For Commodities Energy, 9,
8, and 7, respectively. For Large Blend, 1244, 1109, and 822, respectively. For
Intermediate Core Bond, 386, 348, and 253, respectively. For Emerging-Markets
Local-Currency Bond, 73, 69, and 52, respectively. For Macro Trading, 87, 87, and
39, respectively. For Foreign Large Growth, 386, 332, and 221, respectively. For
Muni Massachusetts, 45, 40, and 34, respectively. For Trading--Miscellaneous, 0,
0, and 0, respectively. For Target-Date 2060, 188, 139, and 0, respectively. For
Trading--Inverse Equity, 0, 0, and 0, respectively. For Target-Date 2015, 117, 88,
and 44, respectively. For Intermediate Government, 228, 209, and 178,
respectively. For Long-Short Credit, 43, 36, and 4, respectively. For Long
Government, 30, 27, and 22, respectively. For Target-Date 2045, 200, 164, and 84,
respectively. For Preferred Stock, 61, 49, and 30, respectively. For Target-Date
2020, 160, 126, and 64, respectively. For Latin America Stock, 24, 19, and 18,
respectively. For India Equity, 20, 18, and 14, respectively. For Communications,
38, 29, and 26, respectively. For Equity Market Neutral, 39, 37, and 14, respectively.
© 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.
Page 12 of 18
Disclosures
For important disclosures about our relationship with you and the services we can provide,
please see schwab.com/transparency You should not buy or sell any mutual fund or other investment without first considering
whether it is appropriate for you and your portfolio. Schwab recommends that you do
This Disclosures section provides additional information and additional research before you invest.
an explanation of the terms used throughout this report. Schwab Center for Financial Research® is a division of Charles Schwab & Co., Inc.
Market values for securities reflect prices as of the previous day's market close, with the
exception of some holdings not held at Schwab. When a bond is purchased or sold, Schwab charges a fee in the form of a commission or a
markup or markdown. Individual bonds are subject to the credit risk of the issuer.
Equity Information Changes in interest rates can affect a bond's market value prior to call or maturity.
Individual Equities are displayed in one of the three asset classes, as defined by the following:
There is no guarantee that a bond's yield to call or maturity will provide a positive return over
Large Company (Industry): Lists your stock holdings of companies that are among the the rate of inflation. Bond funds are subject to the same credit, interest rate, and inflation
largest domestic companies that represent 70% of U.S. equity market capitalization at the end risks. In addition, bond funds incur ongoing fees and expenses. A bond fund's
of the prior month. There are usually about 250 companies in this segment.
Net Asset Value will fluctuate with the price of the underlying bonds and the portfolio turnover
Small Company (Industry): Lists your stock holdings of companies that are among the activity; return of principal is not guaranteed.
smaller domestic companies that represent the remaining 30% of market capitalization at the
end of the prior month. All fixed income securities are subject to availability and price and yield change.
International (Industry): Lists your stock holdings in American Depository Receipts (ADRs) If any account is held at another institution, Schwab is relying on you alone for complete and
and OTC Bulletin Board securities. timely information about that account and your holdings there. There may be information or
data relevant to that account about which Schwab is not aware. You acknowledge that
Mutual Fund ratings are provided by Morningstar. Bond credit ratings are provided by Schwab is not responsible for actions taken in those accounts. This analysis does not take
Standard & Poor's. For additional details on these ratings, see S & P section of into account the tax implications or transaction costs associated with "buying" or "selling"
disclosure. For month-end mutual fund performance information, please visit securities. Please consult your tax advisor as appropriate. Timing of analysis: This analysis is
www.schwab.com. based in part on the market capitalization of the companies you hold securities in. The market
capitalization of companies can vary significantly with the elapse of time. Your personal
Additional Important InformationSchwab receives remuneration from fund companies, financial circumstances, market conditions and other factors change rapidly and can affect
and/or their affiliates, in Mutual Fund OneSource® service for record keeping, shareholder whether or not any remains suitable for you. The Schwab Equity Ratings are as of - and can
services, and other administrative services. Schwab and its affiliates also receive fees from change weekly.
Schwab Affiliate Funds for investment advisory, administrative and transfer agency services,
as well as shareholder and other fund services. The aggregate fees Schwab or its affiliates Investors should consider carefully information contained in the prospectus, including
receive from Schwab Affiliate Funds (see prospectuses for more details) is generally greater investment objectives, risks, charges and expenses. You can request a prospectus by
than remuneration Schwab receives from fund companies participating in Schwab's Mutual calling Schwab at 800-435-4000. Please read the prospectus carefully before investing.
Fund OneSource service. None of these fees are considered in the selection of, nor does any
fund pay Schwab to appear in any advice-related mutual fund list.Schwab's short-term The mutual funds in the proposed portfolio below are not the only funds available
redemption fee will be charged on each redemption of funds (except some Schwab Affiliated through Schwab. Other mutual funds may have characteristics similar or superior to
Funds) bought through Schwab's Mutual Fund OneSource service (and certain other funds) those noted below.
with no transaction fee and held for 180 days or less. If you pay a transaction fee to purchase
a fund you will pay a transaction fee when you sell it as well. Schwab reserves the right to
change the funds we make available without transaction fees and to reinstate fees on any
funds.
Page 13 of 18
Disclosures (continued)
Schwab Equity Ratings: are assigned to approximately 3000 of the largest (by market Investors and clients should consider Schwab Equity Ratings® as only a single factor in
capitalization) U.S. headquartered stocks using a scale of "A", "B", "C", "D", and "F". Schwab making their investment decision while taking into account the current market environment.
rates stocks "A" to "F" based on an outlook that "A" rated stocks, on average, will strongly Clients and investors should consult their tax advisers before investing. Schwab Equity
outperform and "F" rated stocks, on average, will strongly underperform the equities market Ratings utilize third-party data in the forming of a rating. While Schwab believes such
over the next 12 months. Schwab Equity Ratings are based upon a disciplined, systematic third-party information is reliable, we do not guarantee its accuracy, timeliness or
approach that evaluates each stock on the basis of a wide variety of investment criteria from completeness. Schwab Equity Ratings are generally updated weekly, so you should review
four broad categories: Fundamentals, Valuation, Momentum, and Risk. and consider any recent market or company news before taking any action. Stocks may go
down as well as up and investors (including clients) may lose money, including their original
This approach attempts to gauge investor expectations since stock prices tend to move in the investment. Past history is no indication of future performance and returns are not
same direction as changes in investor expectations. Stocks with low and potentially improving guaranteed.
investor expectations tend to receive the best Schwab Equity Ratings ("A" or "B" ratings),
Descriptions for Non-Rated Stocks
while stocks with high and potentially falling investor expectations tend to receive the worst
Schwab Equity Ratings ("D" or "F" ratings). From time to time, Schwab may update the Category Definition Description
Schwab Equity Ratings methodology.
NR Not Rated Schwab has decided not to publish a rating on this stock this
Schwab Equity Ratings Distribution week due to unusual or extraordinary business circumstances
related to this company.
Schwab Percentile Schwab 12 Month General
Equity Ranking Equity Rating Return Buy/Hold/Sell NC Not Covered This stock is not currently in the Schwab Equity Rating
Rating Distribution Distribution Outlook Guidance† universe or is prohibited from coverage for regulatory
reasons.
1-10 Top 10% Strongly Outperform Buy
11-30 Next 20% Outperform Buy Investment Ratings Explanation
"A" Ratings (Strongly Outperform): If an investor is looking to add a stock to his or her
31-70 Next 40% Marketperform Hold
portfolio, "A" rated stocks may be the best candidates for consideration.
71-90 Next 20% Underperform Sell
"B" Ratings (Outperform): An investor looking to add a stock to his or her portfolio should
91-100 Bottom 10% Strongly Underperform Sell also consider a "B" rated stock, though preference should be given to "A" rated stocks.
"C" Ratings (Marketperform): An investor would not usually consider a "C" rated stock for
The general buy/hold/sell guidance is relative to other rated equities only. Before considering
whether to take any action, an investor should consider whether equities generally are purchase. An investor that has a "C" rated stock in his or her portfolio should consider
performing well in comparison to other asset classes and whether other equities in the same continuing to hold the stock, and might monitor the stock's ongoing performance and compare
sector or category with the same or better rating may be more appropriate. the potential benefits of owning a stock with a higher rating.
This material is for informational purposes only and is not an offer to sell or the solicitation of "D" Ratings (Underperform):An investor holding a "D" rated stock should consider whether
an offer to buy in any jurisdiction where it would be unlawful to do so. Additionally, Schwab it is appropriate to continue to hold that stock in his or her portfolio. An investor would not
Equity Ratings, Percentile Rankings, and the general guidance are not personal
usually consider a "D" rated stock for purchase.
recommendations for any particular investor or client and do not take into account the
financial, investment or other objectives or needs of, and may not be suitable for any "F" Ratings (Strongly Underperform): An investor holding an "F" rated stock should
particular investor or client. Before buying, investors and clients should consider whether the consider whether it is appropriate to eliminate that stock from his or her portfolio. An investor
investment is suitable. would not usually consider an "F" rated stock for purchase.
Page 14 of 18
S&P: The Standard & Poor's STAR (Stock Appreciation Ranking System) rating provides Long Term Return Estimates:
S&P's recommendations for action (e.g., buy, hold, or sell). It is based on S&P's opinion of a This report may contain a Long Term Return Estimate which is based on return estimates for
stock's potential to outperform the S&P 500; an index that includes common stocks of 500 of each asset class. The asset class return estimates are composed of two parts: a current
risk-free rate component that is the same for all asset classes, and an asset class premium
the largest publicly traded US companies. that varies by each asset class because of differences in risk.
Rankings are as follows: The Equity asset class premium considers inflation and growth that is adjusted for inflation. Its
calculation is affected by sensitivities or correlations between the Equity sub-asset classes as
Buy Expected to be among the best performers over the next 12 months. represented by their particular index returns. The Fixed Income premium has two factors, a
default premium and a horizon premium.
Accumulate Expected to be an above-average performer.
The default premium uses the historical difference in total returns between the Barclays
Hold Expected to be an average performer. Aggregate Index and a duration matched portfolio of government bonds. The horizon
premium is the historical difference in income returns between government bonds having 1) a
Avoid Expected to be a below-average performer. maturity matching the particular fixed income sub-asset class and 2) a maturity of 20 years.
Sell Expected to be a well below average performer and to fall in price. The Cash Investments premium is equal to its horizon premium.
The asset class return estimates are then weighted by the asset allocation weights of the
Dividend Yield is calculated by dividing the sum of the previous/trailing four quarterly subject portfolio. Please note that this estimate is a 10-year average annual return estimate,
dividends by the current available stock price. and is intended only to provide a general guideline. Actual market returns may be significantly
different from this average in any given year and overall. The asset class return estimates are
Estimated Dividend Frequency is equal to the number of dividends actually paid by the updated annually. Your estimate results will vary each year because of this.
equity issuer in the previous 12 months.
Estimated Dividend Date is based on the last dividend date and the frequency of the IMPORTANT: The projections or other information generated by the Long Term Return
dividend. Estimates regarding the likelihood of various investment outcomes are hypothetical in
nature, do not reflect actual investment results, and are not guarantees of future
Estimated Annual Income: Dividends over the previous 12 months are used for estimating results.
the annual income for U.S. equities, American Depository Receipts (ADRs), and Real Estate
Investment Trusts (REITs). Past performance is no guarantee of future results. The historic returns for asset allocation plans are weighted averages of the performances of
the indices used to represent each asset class, include the reinvestment of dividends and
Portfolio Asset Allocation Information interest, and are rebalanced annually. The indices representing each asset class are: S&P
Schwab target asset allocations, non-custom (Conservative, Moderately Conservative, 500 ® Index for Large Cap Stocks; Russell 2000 Index for Small Cap Stocks (1970 - 1978:
Moderate, Moderately Aggressive, Aggressive), were developed by the Charles Schwab CRSP 6-8 Total Return Index) ; MSCI EAFE Index for International Stocks; Bloomberg
Investment Advisory, Inc. The asset allocation plans are weighted averages of the Barclays US Aggregate Bond Index (1970 - 1975: Ibbotson U.S. Intermediate Term
performances of the indices used to represent each asset class, include the reinvestment of Government Bonds Total Return Index); and FTSE 3-Month Treasury Bill for Cash
dividends and interest, and are rebalanced annually. See Benchmark Data section for indices Investments (1970 - 1977: Ibbotson U.S. 30-Day T-Bill Total Return Index). Indices are
detail. unmanaged, do not incur management fees or expenses, and cannot be invested in directly.
Past performance is no guarantee of future results.
Allocations to Schwab asset classes (i.e. Large Cap, Small Cap, Intl Stocks, Bonds, Cash,
and Other) for all mutual funds and ETFs are based on rescaled long-only allocation
percentages. Long rescaled allocations ignore short positions so that there are no negative
positions in any asset class, and are rescaled so that the sum of all asset classes equals
100%. The asset allocations assigned to a mutual fund or ETF may be further adjusted to
ignore non-strategic asset allocations such as transitional cash in a stock fund.
Page 15 of 18
Mutual Fund Information Benchmark Data
Mutual funds are displayed in one of six categories: Large Company Funds, Small Company Performance of indices is provided on your report for comparison purposes.
Funds, International Equity Funds, Taxable Bond Funds, Tax-Free Bond Funds and Other The indices included are:
Funds. The inception date, the date the fund began, is listed to the right of the fund name. • The S&P 500 Index for large-capitalization stocks and/or funds
Morningstar Ratings • The Russell 2000 Small Stock Index for small-capitalization stocks and/or funds
The Morningstar star ratings evaluate how well a mutual fund has performed compared to • The MSCI EAFE Index for international stocks and/or funds
other funds in the same investment category. The Morningstar ratings take into account the
fund's historical return, with an adjustment for the fund's historical risk. Funds are rated from 5 • The Bloomberg Barclays Aggregate Index for taxable bond funds
stars (highest) to 1 star (lowest). Funds with higher star ratings have higher historical • The Bloomberg Barclays Municipal Bond Index for municipal bond funds
risk-adjusted returns.
• FTSE 3-Month Treasury Bill for cash investments
Overall: In determining the overall rating, the 3-, 5-, and 10-year time periods are combined • The S&P Global Broad Market Index (BMI) for sector breakdown
as a weighted average, with longer time periods weighted more heavily. If the fund scores in
the top 10%, it receives 5 stars (highest); the next 22.5%, it receives 4 stars (above average); An index is a composite of securities that provides a benchmark for performance. Indexes are
the middle 35%, 3 stars (neutral or average); the next 22.5%, 2 stars (below average); and unmanaged, do not incur management fees, costs, or expenses and cannot be invested in
the bottom 10%, 1 star (lowest). Ratings are recalculated monthly. directly.
Historical Risk: Evaluates the weighted average of a fund's downside volatility (i.e., how Investing in sectors may involve a greater degree of risk than an investment in securities with
often it has under-performed Treasury bills) relative to that of other funds in its broad broader diversification. International investments are subject to additional risks such as
investment category. To calculate risk, Morningstar adds up the amounts by which the fund currency fluctuation, political instability and the potential for illiquid markets. An investment in
trails the T-bill return each month and divides that sum by the number of months in the rating a Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance
period. Corporation or any other government agency. Although Money Market Funds seek to
preserve the value of your investment at $1.00 per share, it is possible to lose money by
Gross Expense Ratio investing in a Money Market Fund. Government bond fund shares are not guaranteed. Their
Actual expenses as stated in the fund’s prospectus. price and investment return will fluctuate with market conditions and interest rates. Shares,
when redeemed, may be worth more or less than their original cost. Interest income on
Net Expense Ratio municipal bond funds may be subject to the Alternative Minimum Tax. Consult with your tax
This is the net fund expenses after any expenses were waived and/or partially absorbed by advisory regarding your situation. Investment strategies, including diversification, do not
fund management. assure a profit and cannot protect against losses in a declining market.
Average Total Return Certain information presented is provided by third-parties. Schwab believes that such
These numbers represent the fund's historical average annualized returns over the last 1 third-party information is reliable, but does not guarantee its accuracy, timeliness or
year, 5 years, 10 years and since the inception of the fund. Returns are adjusted for completeness, and it is subject to change without notice. The Global Industry Classification
management, administrative and 12b-1 fees and other costs automatically deducted from Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital
fund assets. Total returns are also adjusted for sales loads and assume the reinvestment of International Inc. and Standard & Poor's. GICS is a service mark of MSCI and S&P and has
capital gains and dividends. been licensed for use by Schwab.
Page 16 of 18
Shares of Exchange Traded Funds (ETF), Unit Investment Trusts (UIT), and Closed End Investment Risks
Mutual Funds (CEMF) are bought and sold at market price, not NAV, and are not typically Small Cap investing is subject to greater volatility than investments in other asset
redeemed from the Fund. Brokerage commissions will reduce returns. Market Returns are categories.The par value of mortgage-backed securities is adjusted by the factor. The par
provided by Morningstar and are based upon the previous day's last trade price (rather than value of agency bonds with pro-rata call have not been adjusted by their Factor1. The Par
the midpoint of the bid/ask spread at 4:00PM Eastern time) and do not represent the returns Value for Agency Bonds reflect the par value at issuance. For Hybrid Preferreds, Original
you would receive if you traded shares at other times. Issue Price is used as the Par Value, which may be higher or lower than the actual Par Value.
Please discuss the matter with your Investment Consultant.
Fixed Income Information
Multi-asset class securities such as mutual funds and ETFs are proportionally distributed into International investments involve additional risks, which include differences in financial
the fixed income types identified, using Morningstar data. Information on these securities is accounting standards, currency fluctuations, political instability, foreign taxes and regulations,
provided by Morningstar on a periodic basis. Schwab believes that this information is reliable and the potential for illiquid markets.
but does not guarantee its accuracy, timeliness or completeness.
Market value for Agency Bonds have not been adjusted by the Factor. Please see the
Individual municipal bonds may not be tax advantaged, depending on the bond issuer and description of Par Value for details.
your state of residence. Generally, bonds issued in U.S. states and territories are federal
tax-exempt and state tax-exempt for the residents of the state of issue. Please consult your Accrued Interest/Dividend is the interest/dividend that is due for a fixed income security
tax advisor regarding your particular situation. since the last payment was made. Some securities are structured with variable interest rates.
These values are estimates, and cannot be guaranteed.
Individual (core) Bonds that have a below investment grade rating are categorized as "High
Yield Bonds". Yield Information
For fixed income securities, "yield" reflects the approximate measure of returns to the
The following fixed income types would be categorized as "Other": Core Bonds that do not investor. There are several yield measures that are relevant to fixed income securities. They
have a credit rating; funds with an alternative classification by Morningstar (e.g. "Bear Market" are listed below. Note: A negative yield may in rare occasion due to the security's structure or
and "Long-Short") and certain Structured Products such as promissory notes, church bonds potential mispricing. Please discuss the matter with your Schwab Advice Investment
etc. Consultant.
Bond Credit Ratings: Current Yield is the ratio of the annual coupon to the current market price of the bond. For
Schwab uses Standard and Poor's (S&P) ratings to assign credit ratings to individual bonds. preferred securities, it is the ratio of the annual dividend to its current market price.
For mutual funds, we use Morningstar's credit quality breakdown. Morningstar prefers that Yield to Maturity is the rate of return that an investor would earn if the bond is purchased at
bonds be classified according to the Barclays Capital Family of Indices ratings rules when its current market price and held until maturity, assuming interest payments are reinvested at
ratings are available from all three rating agencies (i.e. use the middle rating of Moody’s, S&P, the same rate. For preferred securities, current yield is used as a proxy for yield to maturity.
and Fitch after dropping the highest and lowest available ratings); if only two rating agencies For fixed-rate conventional mortgage-backed pass through securities, the yield to maturity is
rate a security then the lowest rating should be used; if only one agency rates a security then calculated by assuming that the current principal prepayment speed will persist.
that rating can be used; if there is a security with no rating that security should go into "Not
Rated". For municipal bonds, anything at or below BBB is considered a high-yield or junk Yield to Call is the rate of return that an investor would earn if a callable bond is purchased at
bond. Nonrated municipal bonds generally are classified as BBB. Other nonrated bonds its current market price and is held until the call date, and assuming the bond is called on that
generally are considered B. Schwab groups US Government bonds with AAA rated bonds date. For mortgage-backed securities, yield to call is calculated by assuming that the current
under the heading "US Govt or AAA" even though government bonds may not currently be principal prepayment speed will persist.
rated AAA.
Yield to Worst is the least of all the yields to call and the yield to maturity of the security.
S&P denotes special situations regarding some securities with a rating qualifier of "R" or "L". If
your holding indicates such rating qualifier, please discuss with your representative on how Call Date for fixed income securities refers to the next available call date.
this may impact your investment. Next Payment Date reflects the estimated next payment date of the individual bond or
preferred security. These payments cannot be guaranteed. Additional redemption features
Par Value is the amount of principal represented by the fixed income securities. Please note may apply to the securities included. Actual results may vary.
that in the Security Detail Information section, par value of Treasury Inflation Protected
Securities have been adjusted by their Index Ratio. Next Payment reflects the estimated next payment amount of the individual bond or preferred
security. These payments cannot be guaranteed. Additional redemption features may apply to
The par value of mortgage-backed securities is adjusted by the factor. The par value of the securities included. Actual results may vary.
agency bonds with pro-rata calls have not been adjusted by their Factor1. The Par Value for
Agency Bonds reflects the par value at issuance. For Hybrid Preferreds, Original Issue Price
is used as the Par Value, which may be higher or lower than the actual Par Value. Please
discuss the matter with your Portfolio Consultant.
1
Factor: The percentage of the principal that has been repaid
Page 17 of 18
Estimated Annual Income: Interest or dividend payments scheduled or estimated for the deposits, that you may establish in one capacity directly with a Sweep Bank or through an
next 12 months are used for estimating the annual income of variable, floating, fixed rate intermediary, such as Schwab, will be aggregated with the bank deposit accounts. You are
coupon agency, corporate, municipal, Treasury, and mortgage-backed securities. These responsible for monitoring the total amount of deposits you have with the Sweep Bank in
payments cannot be guaranteed. Payments received in the current month are not included in
the projection, except for the first day of the month; as a result, the cash flow projection under order to determine the extent of deposit insurance coverage available to you.
the current month may appear lower than expected. Please note that the income for preferred
securities is not adjusted for any deferred interest or dividends. Other Uninvested Cash
Other Uninvested Cash refers to any Liquid Asset not held at Schwab and which you have not
Sinking Fund Provision is a means of repaying the principal prior to maturity date.
identified as either a money market fund or a certificate of deposit. Examples of Other
Cash Investments Information Uninvested Cash include checking account balances, savings account balances and cash on
Certificate of deposits issued with maturities equal to or less than 1 year, money market hand.
funds, U.S. Treasury Bills, and commercial papers are categorized under the Cash
Investments asset class. In general, this category refers to cash or items easily convertible Additional Information about Assets in Portfolio
into cash. The Asset Class includes both items custodied at Schwab and items held Margin Balances
elsewhere that you have identified as cash. The report does not display margin balances, positive or negative. Negative balances within
various asset allocation categories are shown as zero balances. The total value of securities
Annual Income estimates are based on one of the following methods depending on the held is shown as Long Market Value and there is no indication of the amount of equity in the
securities: (1) the interest, dividend and principal scheduled for the next 12 months; or (2) the account, nor is there any indication of margin buying power or cash available for withdrawal.
most recently published yields or interest rates. Among certificates of deposit, income is only
estimated for fixed-rate and non-callable CDs. Securities Products and Services
Securities products and services are offered by Charles Schwab & Co., Inc. (member SIPC).
Cash Awaiting Investment Securities products and services, including unswept intraday funds and net credit balances
This is cash in your Schwab brokerage accounts that has not been invested in securities, held in brokerage accounts are NOT deposits or obligations of any Sweep Bank. They are
including stocks, bonds, mutual funds, and sweep money market funds, or deposited in your subject to investment risk, including possible loss of principal.
bank account. Cash Awaiting Investment could include any of the following three categories:
• Unswept intraday funds in your brokerage accounts (for example deposits you've made Securities not held at Schwab
during the day that are waiting to be swept to a money market fund or to bank deposit This report may contain assets held outside your Schwab accounts. If you have discussed
accounts) assets held elsewhere with your Schwab Advice Investment Consultant, the information,
including market value and quantity, may not have been updated as recently or as often as for
• Free Credit Balances (as defined in your Account Agreement) held in your brokerage
other holdings. Schwab is relying on you alone for complete and timely information about
account
these accounts and your holdings there. There may be information or data relevant to these
• Credit margin balances held in your brokerage account accounts about which Schwab is not aware.
Bank Deposit feature You acknowledge that Schwab is not responsible for actions taken in these accounts.
Bank Deposit feature reflects the aggregate of your bank deposit accounts. Schwab acts as
your agent and custodian in establishing and maintaining your bank deposit accounts at the Data Availability
Schwab affiliated, FDIC-insured bank, as referenced in your account statements and
disclosed in your account documents ("Sweep Bank") into which free credit balances may be - indicates that data was not available for a particular item.
automatically deposited pursuant to your Account Agreement. Bank deposit accounts
N/A indicates that this data is not applicable to the item listed.
constitute direct obligations of the Sweep Bank and are not directly or indirectly an obligation
of Schwab. Bank deposit account balances do not include interest that has been accrued N/P indicates that this data was not calculated.
since the last interest payment was made to your account. Bank deposit accounts at a Sweep
Bank are eligible for insurance by the Federal Deposit Insurance Corporation ("FDIC") up to
$100,000 principal and accrued interest per depositor in each insurable capacity (e.g.,
individual, joint account, etc.). Free Credit Balances will be deposited into bank deposit
accounts without limit even if the amount in the bank deposit accounts exceeds $100,000. In
addition, for deposit insurance purposes, bank deposit accounts, including certificates of
Page 18 of 18

Online Schwab Portfolio Checkup®: For Larry Young

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Online Schwab Portfolio Checkup®: For Larry Young

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Online Schwab Portfolio Checkup®

For LARRY YOUNG

Chase bands Composition

Account Number/Name Value Account Type % of Portfolio

Total Assets for Analysis $ 3,746,976.00 100.0%

Summary Information (continued)

Your Portfolio versus Your Target Asset Allocation

Schwab target asset allocations, non-custom (Conservative, Moderately Conservative, Moderate,

Large Cap Equity $ 0.00 0.0% $ 562,046.40 15.0% $ 562,046.40 15.0%

Small Cap Equity $ 0.00 0.0% $ 0.00 0.0% $ 0.00 0.0%

International Equity $ 94,409.28 2.5% $ 187,348.80 5.0% $ 92,939.52 2.5%

Fixed Income $ 314,697.60 8.4% $ 1,873,488.00 50.0% $ 1,558,790.40 41.6%

Cash Investments $ 657,348.80 17.5% $ 1,124,092.80 30.0% $ 466,744.00 12.5%

Other $ 2,680,520.32 71.6% $ 0.00 0.0% $ (2,680,520.32) -71.6%

Total $ 3,746,976.00 100.0% $ 3,746,976.00 100.0%

Schwab Equity % Total Portfolio

NA5 $ 2,045,534.40 54.6%

Schwab Equity # of Stocks % of Equity Portfolio

UnRated 4 $ 534,985.92 100.0%

Total 4 $ 534,985.92 100.0%

Mutual Fund Quality

Morningstar # of Funds % of Fund Portfolio

UnRated 1 $ 100,000.00 100.0%

Total 1 $ 100,000.00 100.0%

Fixed Income Summary

Fixed Income Types Time to Maturity - Current

Securitized Bonds 0.00 0.0% 1-3 Years 0.00 0.0%

Credit Ratings - Current

US Govt or AAA 0.00 0.0%

Portfolio Holdings Summary

Portfolio Holdings Summary (continued)

Historical Fund Performance

Morningstar Morningstar Avg. Total Return Return Gross

Historical Fund Performance Details

Historical Fund Performance Details (continued)

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