Fixed Income Products

• Corporate Bonds:

  A bond is a certificate indicating that a company has borrowed a fixed sum of money and promised to repay that amount plus interest (usually twice a year). Bonds usually are bought and sold in $5,000 increments.

• Governments:

  Securities issued by the US Treasury and backed by the full faith and credit of the US Government.

• T-Bills:

  Issued at a discount from face value in original maturities of three, six and twelve months minimum denominations of $10,000 in increments of $1,000. Example: invest $9,200 today and it would mature at $10,000 a year from now.

• T-Notes:

  Issued by the US Government in denominations of $1,000 or $5,000. Original maturities between two and ten years. Interest is paid semi-annually.

• T-Bonds:

  Issued by the US Government in $1,000 denominations, with original maturities of ten to thirty years and have call features. Interest is paid semi-annually. ($5,000 minimum at Hazlett, Burt & Watson, Inc.)

• Federal Agencies:

  These are securities issued and authorized by the US Government but not guaranteed by it. These are considered moral obligations. The funds are used to support various sectors of the economy.

• Mortgage Backed Securities:

  These areBecause of various prepayment predictability schedules, MBS offers the investor higher yields than comparable securities, as well as providing attractive credit quality (with many issues rated AAA), and provides monthly income. securities issued and authorized by the US Government but not guaranteed by it. These are considered moral obligations. The funds are used to support various sectors of the economy.

Mutual Fund Products

• Mutual Funds invest in stocks, bonds, options, commodities or money market securities. Funds offer investors the advantages of diversification and professional management. All mutual funds have different investment objectives such as growth, growth & income, etc.
• Hazlett, Burt & Watson, Inc. offers mutual funds from over 50 different mutual fund families. Please contact your representative for specific names. Hazlett, Burt & Watson, Inc. DOES NOT use proprietary mutual funds.

Tax-Exempt Products

• Municipal Bonds:

  Are bonds sold to raise money to build public buildings, state roads, subways and streets, etc. The interest from municipal bonds is exempt from federal income taxes and state taxes for residents of the states that issue them. Maturities range from 1 to 30 years.

• Mutual Funds:

  Some mutual funds specialize in managing tax-free Municipal Bond portfolios.

Annuity Products

• An annuity is a form of contract sold by life insurance companies that guarantee a fixed or variable payment. All capital in the annuity grows tax deferred. Annuities are offered with fixed or variable rates. The variable annuity will pay according to the performance of the underlying securities and the fixed annuity will pay a fixed rate. Other product information available through your Hazlett, Burt & Watson, Inc. Registered Representative at 800.537.8985 or 304.233.3312.