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Taxable Fixed Income

Investment Types

We offer a vast selection of TFI investments with a variety of credit quality characteristics, maturities and yields to meet your individual objectives. Learn more about the unique features and benefits of these securities and how they can be used as part of your total asset allocation program.
  • U.S. Government Securities
  • Zero-Coupon Bonds
  • Corporate Bonds
  • Step-Up Notes
  • Preferred Securities
  • International Investment-Grade Bonds
  • Ginnie Mae Pass-Through Securities
  • Mortgage-Backed Securities (MBS)
  • U.S. Treasury Inflation Indexed Securities

Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Citigroup Inc. and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Bonds are affected by a number of risks, including fluctuations in interest rates, credit risk and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Bonds face credit risk if a decline in an issuer's credit rating, or creditworthiness, causes a bond's price to decline. High yield bonds are subject to additional risks such as increased risk of default and greater volatility because of the lower credit quality of the issues. Finally, bonds can be subject to prepayment risk. When interest rates fall, an issuer may choose to borrow money at a lower interest rate, while paying off its previously issued bonds. As a consequence, underlying bonds will lose the interest payments from the investment and will be forced to reinvest in a market where prevailing interest rates are lower than when the initial investment was made.

For more information, please contact your Financial Advisor.

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