Data provided by Morningstar.

This tool is for educational purposes for investment professionals only. It should not be used as the primary basis for investment decisions. It provides directional theoretical price price/gain loss analysis along with various fund characteristic data points to help identify areas of the portfolio with potential harvestable losses.  

Theoretical gain/loss is calculated within standardized timeframes based on most recent value of the holding indicated in the input file and price return based on NAV, as of end of the previous month for the periods indicated (1,3 or 5 years). It does not include income from investments, actual cost basis or actual purchase date.

Past performance is not a reliable indicator of future performance.

Price Return based on NAV, does not include income from investment. Please refer to Standard Performance section for standardized performance.

This tool will compare funds provided by the user to a relevant set of State Street Investment Management funds, using a proprietary categorization process developed by State Street Investment Management. This categorization process assigns to each US domiciled fund, a category based on characteristics sourced from Morningstar . Using this categorization, for each category that State Street Investment Management has an ETF, funds provided by the user are mapped to one or more State Street Investment Management’s ETFs”.

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

This tool does not provide tax advice. For guidance specific to your personal tax situation, please consult a qualified tax or financial advisor.

Clients or prospective clients of State Street Investment Management should obtain their own independent tax advice based on their particular circumstances. State Street Investment Management does not accept responsibility for any loss incurred as a result of reliance on this information.

The Internal Revenue Service (IRS) has guidelines commonly referred to as the “wash sale” rule. In short, it outlines that investors cannot buy a “substantially identical” security 30 days before or after the sale of the funds chosen when conducting tax loss harvesting. Speak with a tax professional to confirm the exposure being replaced does not violate the IRS “wash sale” rule.

Internal Revenue Service (IRS) Wash-Sale Rule: A regulation that prohibits taxpayers from claiming a tax deduction for a security sold in a wash sale. A wash sale occurs when an individual sells a security at a loss and repurchases the same or a substantially identical security within 30 days before or after the sale. This rule is designed to prevent taxpayers from claiming artificial losses for tax benefits.

TAXATION OF SHAREHOLDERS – SALE OF SHARES

In general, a sale of Shares results in capital gain or loss, and for individual shareholders, is taxable at a federal rate dependent upon the length of time the Shares were held. A sale of Shares held for a period of one year or less at the time of such sale will, for tax purposes, generally result in short-term capital gains or losses, and a sale of those held for more than one year will generally result in long-term capital gains or losses. Long-term capital gains are generally taxed to noncorporate shareholders at reduced rates.

Gain or loss on the sale of Shares is measured by the difference between the amount received and the adjusted tax basis of the Shares. Shareholders should keep records of investments made (including Shares acquired through reinvestment of dividends and distributions) so they can compute the tax basis of their Shares.

A loss realized on a sale of Shares may be disallowed if substantially identical Shares are acquired (whether through the reinvestment of dividends or otherwise) within a sixty-one (61) day period beginning thirty (30) days before and ending thirty (30) days after the date that the Shares are disposed of. In such a case, the basis of the Shares acquired must be adjusted to reflect the disallowed loss. Any loss upon the sale of Shares held for six (6) months or less will be disallowed to the extent of exempt-interest dividends paid on such Shares, and any amount of the loss that exceeds the amount disallowed will be treated as long-term capital loss to the extent of any amounts treated as distributions to the shareholder of long-term capital gain (including any amounts credited to the shareholder as undistributed capital gains).

COST BASIS REPORTING

The cost basis of Shares acquired by purchase will generally be based on the amount paid for the Shares and then may be subsequently adjusted for other applicable transactions as required by the Internal Revenue Code. The difference between the selling price and the cost basis of Shares generally determines the amount of the capital gain or loss realized on the sale or exchange of Shares. Contact the broker through whom you purchased your Shares to obtain information with respect to the available cost basis reporting methods and elections for your account.