6m CDs at 5% ($100K+) may not be attractive (when 6m T-Bills are at 5.53%), but Jamie Dimon is offering 6% for $5 million+. Enough to make noises at X/Twitter.
https://www.marketwatch.com/story/jpmorgan-chase-to-offer-6-interest-rate-for-minimum-of-5-million-in-high-end-cd-product-wsj-f4ef25de
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202309

AAII Sentiment Survey, 9/27/23
BEARISH remained the top sentiment (40.8%; high) & bullish remained the bottom sentiment (27.8%; low); neutral remained the middle sentiment (31.3%; average); Bull-Bear Spread was -13.0% (low). Investor concerns: Inflation (still high); economy; the Fed; dollar; crypto regulations; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (83+ weeks, 2/24/22-now); geopolitical. For the Survey week (Th-Wed), stocks were down, bonds down, oil up, gold down, dollar up. Government shutdown starts over the weekend; Social Security payments, Postal services, Ukraine aid (current) won't be affected. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1193/thread

@hank, the fund AUM is much lower now than at the end of 2021. We have seen multiple quarterly resets since the end of 2021. Not sure why Bloomberg thought this is news now, unless it has been raising this red flag all this time and I had not seen it before.

The fund is JHEQX.
Bloomberg published a longer, more detailed article today: “JP Morgan Options Wale Worries Resurface as Stocks Extend Drop”. (unable to link)
From Reuters: “How A Massive Options Trade by a JP Morgan Fund Can Move Markets”
https://www.yahoo.com/video/explainer-massive-options-trade-jp-100000001.html
Excerpt: ”A nearly $16 billion JP Morgan fund is expected to reset its options positions on Friday, potentially adding to equity volatility at the end of a gloomy quarter for stocks. Analysts have in the past pointed to the JPMorgan Hedged Equity Fund’s quarterly reset roiling markets, and see it as a source of potential volatility during Friday's session.
“The (fund) holds a basket of S&P 500 stocks along with options on the benchmark index and resets hedges once a quarter. The fund, which had about $15.59 billion in assets as of September 28, aims to let investors benefit from equity market gains while limiting their exposure to declines. … Assets ballooned in recent years, as investors sought protection from the sort of wild swings that rocked markets in the wake of the COVID-19 outbreak in March 2020.”

WisdomTree presentaion isn't very user-friendly. But from your link (repeated below), Fund Reports & Schedule/Tax Supplement Reports, you can Download "WisdomTree Fund Distribution 2022 - Tax Supplement". Then in the Secondary Layout tab, Col 11, you will find % from Treasury obligations. For USFR, that was 99.666489% in 2022. Unfortunately, this info isn't in 1099 and you have to hunt for it at fund websites.
https://www.wisdomtree.com/investments/resource-library/fact-sheets-reports#tab-EFFF2124-78F5-46F4-B816-6D4252E4BC97

Thanks Yogi.

dtconroe: "Yep, I am also weighing my options of at least devoting part of my portfolio for longer CDs--maybe 2 or 3 year CDs. 2 year CDs have been the longest I have previously invested in, but with 3 year CDs over 5% now, it at least deserves some consideration. With my taxable account, I prefer limiting my CD terms to shorter options of 6 months to a yearfor liquidity purposes, but with my traditional IRA CDs, I am looking closely at longer terms. A 3 year laddering approach looks interesting to me in my IRA account.
For most of my retirement years, I had a target objective of 4 to 6% TR, using low risk bond oefs. It is a little strange to be able to get that so easily with CDs these days."
There is a line of thinking that 10-year treasuries are starting to look good at 4.5%. Unlike CDs they will have a nice CG once 4.5% become history.

https://wolfstreet.com/2023/09/27/the-sp-500-equal-weight-index-dips-into-red-year-to-date-shows-entire-market-depends-on-8-giants-but-theyre-swooning-too/
Top 8 Companies by market cap in the S&P 500 Index
Company Ticker Weight Gain YTD
1 Apple AAPL 7.1% 36%
2 Microsoft MSFT 6.5% 30%
3 Amazon AMZN 3.2% 45%
4 Nvidia NVDA 2.9% 192%
5 Alphabet A GOOGL 2.1% 45%
6 Tesla TSLA 1.9% 119%
7 Meta Platforms META 1.9% 134%
8 Berkshire Hath BRK.B 1.8% 15%
9 Alphabet C GOOG 1.8% 45%

Total Weight 29.1%
I have to figure out how to post charts here.

Maybe not the same coal plant you invested in, @Old_Joe, but the mammoth Navajo plant at Page (AZ) was demolished in 2020. Went by it a few times in the '90s, and it was truly a belcher, the belchin'-est one in the entire West. VOX article.

Yes, actually we did something like that back in the 70s. Inflation was roaring, and I bought a couple of callable municipal bonds out of Salt Lake, to build an electric power generating facility, paying around 14%. (Figured that I could trust the Mormons.) Did very, very well on those for a number of years until they were called.
Only a couple of years ago did I discover that I had made that money by helping to enable climate change. Those generating plants at Four Corners were coal-fired, belching contaminates into the Southwest atmosphere. Talk about dirty money.
(The Four Corners is a region of the Southwestern United States consisting of the southwestern corner of Colorado, southeastern corner of Utah, northeastern corner of Arizona, and northwestern corner of New Mexico.)

This is one of the few downsides of investing via brokerages (necessary for ETFs) rather than directly with fund companies.
When your 1099's come from the fund companies, they usually include all this supplemental information personalized to your account. When investing via a brokerage, you may have to go find each sponsor's website, find the supplemental information, and apply it to your specific account.
Brokerages are getting better at aggregating this information for their customers, but I still find it necessary to go scrounging websites for some info each tax season.

Schedule 3, line 1 (foreign tax credit) gets totaled in Schedule 3, line 1, and carried over into 1040-SR line 20 (in the "taxes and credits" section).
https://www.irs.gov/pub/irs-pdf/f1040s3.pdf
https://www.irs.gov/pub/irs-pdf/f1040s.pdf
Mutual funds can always treat taxes the same as office expenses, manager salaries, etc., i.e. as expenses that reduce returns, much as hank described.
Alternatively, they may be permitted to treat foreign taxes as expenses you are responsible for. This is a part of a legal fiction where they add those foreign taxes to your actual (hard cash) divs on the 1099-DIV, but also say that instead of handing you that cash they are paying those taxes on your behalf. That lets you declare the foreign taxes as your expenses, rather than as the fund's.
Most funds paying foreign taxes don't do this. Many supposedly domestic funds have a little bit of foreign investment on which they may be paying foreign taxes - you never see this on your 1099s. Even many global funds don't do this, often because they don't legally qualify.
In order for a fund with foreign exposure to pass through a foreign tax credit, it must elect to do so (26 U.S. Code § 853), it must have over 50% of its value at end of tax year in foreign companies (§ 853(a)), and it must meet technical requirements of § 852(a).
Here's how the IRS describes this:
https://www.federalregister.gov/d/E7-16737/p-17

Foreign Tax is now moved to 1040, Schedule 3.

PS - My understanding is that if you own a mutual fund having part or all of its assets in these countries, the tax paid by the fund is hidden away in “other expenses” so that most investors probably don’t realize they’re paying it. No free lunch.

I have always received a statement on foreign taxes paid from the various funds that had any exposure. There was no place to put it on the 1040-SR last year. Too lazy to look at older returns from the days when we could itemize.

WisdomTree presentaion isn't very user-friendly. But from your link (repeated below), Fund Reports & Schedule/Tax Supplement Reports, you can Download "WisdomTree Fund Distribution 2022 - Tax Supplement". Then in the Secondary Layout tab, Col 11, you will find % from Treasury obligations. For USFR, that was 99.666489% in 2022. Unfortunately, this info isn't in 1099 and you have to hunt for it at fund websites.
https://www.wisdomtree.com/investments/resource-library/fact-sheets-reports#tab-EFFF2124-78F5-46F4-B816-6D4252E4BC97

Hi, I have question on tax information of USFR. WisdomTree website has a spreadsheet file with tax information(https://www.wisdomtree.com/investments/resource-library/fact-sheets-reports#tab-EFFF2124-78F5-46F4-B816-6D4252E4BC97). The data shows monthly dividend including small capital distribution in early December in recent years. If you hold this fund, will the corresponding 1099 Form indicate how much dividend is from treasury(for state tax exempt purpose) among all dividends? Many other treasury ETFs (TBIL, TFLO) publishes how much percentage of earnings are from the treasury, thus not difficult to figure out yourself if not on 1099 form. Thanks.

Pretty weak article, and poorly written. Hard to figure out what it is saying anyone holds.
Is it counting ETFs as equities? Asked because it separates out investments in mutual funds (17.57% advised, 20.10% DIY).
Cash? 5.70% advised, 15.71% DIY after 2022Q1!. Maybe the DIY'ers had the right idea (whether by luck or not, can't tell from report).
While the article does note that the study is based on Schwab's PCRA brokerage window in employer-sponsored retirement plans (401(k)s, etc.) it does not mention that employees who use brokerage windows tend to be more aggressive investors. Did the study control for that before drawing its general conclusions about all investors?

I see both points on callable vs non-callable. If you are building ladders, predictability certainly matters. But to @DavidV 's point though, you could buy a 5 year or even a 10 year callable corporate bond from Schwab at ~6.3% and ride the high return until it is called. Just a thought. Not something I've done.

I came across this link today & post a link, https://finance.yahoo.com/news/schwab-says-double-retirement-savings-171401493.html
Make sure to read the comments as they seem to go against the presented info.

Seems like we’ve covered this before. The 25% w/h tax is pretty typical in Europe on foreign investors. However, some of them have a special treaty agreement with the U.S. and Canada limiting the tax to only 15%. Apparently, Norway is not a signatory to that pact. There may be a way to claw back some of that with a claim to the IRS. I’ve heard it’s difficult. However, cap gains are not so widely taxed. So, by trading in and out of an ADR you might reap some tax free cap gains that help offset the w/h tax. I happen to own an ADR on a company based in Switzerland. They are members of the pact that limits the w/h tax to 15%. And, they have 0 cap gains tax. I wouldn’t mess with those that claim 25%. There’s a lot of angles to this. Should the dollar weaken, outsized gains would accrue from foreign holdings.
PS - My understanding is that if you own a mutual fund having part or all of its assets in these countries, the tax paid by the fund is hidden away in “other expenses” so that most investors probably don’t realize they’re paying it. No free lunch.

U.K. gov't just approved development. The Rosebank field is off the northwest coast of the Shetlands, way the hell up North.
Equinor stock is way up. Ithaca is soaring. (20% stake. Equinor = 80%.)
Because I own some, I note that Tenaris (TS) is up +0.91%, pre-Market here in the States. (Maker of oil/gas pipes, particularly for offshore production. HQ in Luxembourg.)
https://www.cnbc.com/2023/09/27/worlds-fastest-growing-economy-guyana-could-grow-100percent-in-5-years.html
OOPS. Wrong link. Here it is.
https://www.cnbc.com/2023/09/27/uk-gives-approval-for-controversial-rosebank-oil-and-gas-field-development.html