Muni Ladder Portfolio Calculator

Create multiple muni ladder portfolios across customizable rate scenarios and generate personalized presentations.

Glossary Help

Step 1 - Calculate Tax Rate

  • Enter Amount
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  • Please select your state

  • Filing Status is required

  • Enter a percentage
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    Tax Rate is required Maximum Tax Rate: {{ mctrl.maxTaxRate | percentage:2 }}

Different assumptions selected by user produce different results. User is solely responsible for information entered. Investors should consult their investment professional prior to making an investment decision.

Step 2 - Enter Portfolio Assumptions

Calculation data as of May 13, 2021. Computed Tax Rate: {{ portfolioInputParams.taxRate | percentage:2 }}

Sources: PIMCO, Bloomberg, Tax Foundation. Characteristics represent initial characteristics

Step 3 - Generate your Presentation

Present

Review your portfolios and create a personalized presentation that includes additional muni market insights.

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Disclosures

Muni Ladder Portfolio Calculator

Sources: PIMCO, Bloomberg, Tax Foundation

This report from the Muni Ladder Portfolio Calculator may be based on a set of assumptions as entered by the user. Different assumptions will produce different results from the Muni Ladder Portfolio Calculator. PIMCO assumes no responsibility as to the accuracy of the information entered into the Muni Ladder Portfolio Calculator.  Investors should consult their investment professional prior to making an investment decision, including investment decisions related to municipal bonds.

This is neither an offer to sell nor a solicitation of an offer to buy interest in a fund or strategy.  This material in the Muni Ladder Portfolio Calculator has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice.  You should consult your tax or legal adviser regarding such matters. 

IMPORTANT: The projections or other information generated by the Muni Ladders Portfolio Calculator tool 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. Results do not reflect investment manager fees. Results would be lower if fees were applied. No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those shown. Hypothetical or simulated performance results have several inherent limitations. Unlike an actual performance record, simulated results do not represent actual performance and are generally prepared with the benefit of hindsight. There are frequently sharp differences between simulated performance results and the actual results subsequently achieved by any particular account, product or strategy. In addition, since trades have not actually been executed, simulated results cannot account for the impact of certain market risks such as lack of liquidity. There are numerous other factors related to the markets in general or the implementation of any specific investment strategy, which cannot be fully accounted for in the preparation of simulated results and all of which can adversely affect actual results.


Investing State results assume a 100% allocation to municipal securities within the selected state, if a state is selected.


PIMCO does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax or legal questions and concerns. Tax information, unless otherwise customized by you, is obtained from Taxfoundation.org and is updated on an annual basis (or as required).  The default tax rate offered in the Calculator of 40.8% represents the highest federal marginal tax rate (37%) plus the Medicare Tax for top earners (3.8%). The effective tax rate that accounts for the progressive nature of the tax rate table is not factored in and will be lower than the highest marginal rate. Other taxes such as the Alternative Minimum Tax, Medicare Tax Surcharge and Self Employment Tax cannot be accurately computed based solely on taxable income and are therefore ignored. It is possible that these additional taxes could impact your marginal tax rate. There is no guarantee as to its accuracy or completeness.  Any tax statements contained herein are not intended or written to be used, and cannot be relied upon or used for the purpose of avoiding penalties imposed by the Internal Revenue Service or state and local tax authorities. Individuals should consult their own legal and tax counsel as to matters discussed herein and before entering into any estate planning, trust, investment, retirement, or insurance arrangement.


Past performance is not a guarantee or a reliable indicator of future results.  All investments contain risk and may lose value.  Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax; a strategy concentrating in a single or limited number of states is subject to greater risk of adverse economic conditions and regulatory changes.


The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moody’s, and Fitch respectively.


PIMCO offers municipal ladder as a managed account managed by Pacific Investment Management Company LLC and are available exclusively through financial professionals. Managed accounts have a minimum asset level and may not be suitable for all investors. For more information about this product, contact your financial advisor. Financial professionals seeking more information should contact their managed accounts department or call their PIMCO representative.


No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. Pacific Investment Management Company LLC, 650 Newport Center Drive, Newport Beach, CA 92660, 800-387-4626.


The information provided herein is not directed at any investor or category of investors and is provided solely as general information about our products and services and to otherwise provide general investment education.  No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of PIMCO nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein.   If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to PIMCO about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances.


These materials in the Muni Ladder Portfolio Calculator are being provided on the express basis that they and any related communications (whether written or oral) will not cause Pacific Investment Management Company LLC (or any affiliate) (collectively, “PIMCO”) to become an investment advice fiduciary under ERISA or the Internal Revenue Code, as the recipients are fully aware that PIMCO (i) is not undertaking to provide impartial investment advice, make a recommendation regarding the acquisition, holding or disposal of an investment, act as an impartial adviser, or give advice in a fiduciary capacity, and (ii) has a financial interest in the offering and sale of one or more products and services, which may depend on a number of factors relating to PIMCO (and its affiliates’) internal business objectives, and which has been disclosed to the recipient.  These materials are also being provided on PIMCO’s understanding that the recipients they are directed to are all financially sophisticated, capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies.  If this is not the case, we ask that you inform us immediately.  You should consult your own separate advisors before making any investment decisions.


These materials in the Muni Ladder Portfolio Calculator are also being provided on the express basis that they and any related communications will not cause PIMCO (or any affiliate) to become an investment advice fiduciary under ERISA or the Internal Revenue Code with respect to any recipient or any employee benefit plan or IRA because: (i) all recipients are acting as or on behalf of a U.S. registered investment adviser, a U.S. registered broker-dealer, a bank regulated by the United States or any State, an insurance company licensed by more than one State to manage the assets of employee benefit plans subject to ERISA (and together with plans subject to Section 4975 of the Internal Revenue Code, “Plans”), or a fiduciary with respect to such Plan(s) with at least $50 million of client assets under management and control, (ii) the recipients are all independent of PIMCO and its affiliates, (iii) upon review of all relevant facts and circumstances, the recipients have concluded that they have  no financial interest, ownership interest, or other relationship, agreement or understanding with PIMCO or any affiliate that would limit any fiduciary responsibility that any recipient may have with respect to any Plan on behalf of which this information may be utilized, and (iv) the recipient is, or is represented by, an independent fiduciary that satisfies the criteria set forth in 29 C.F.R. § 2510.3-21(c)(1),  including but not limited to paragraphs (c)(1)(i), (ii), and (iv).  If this is not the case, or if there is any relationship with any recipient of which you are aware that would call into question the recipient’s ability to independently fulfill its responsibilities to any such Plan, we ask that you let us know immediately.


The information provided herein is intended to be used solely by the recipient in considering the products or services described herein and may not be used for any other reason, personal or otherwise.


©2017 PIMCO