Laddered Bond Portfolio Disclosures

Bonds
When investing in bonds, it is important to note that as interest rates rise, bond prices will fall. Other risks include the risk of principal loss should the issuer default on either principal or interest payments. This portfolio invests in bonds that are obligations of corporations, and not the U.S. government, and therefore, carry a higher degree of risk relating to default. Although the portfolio strategy seeks to maintain an average portfolio rating of investment grade, individual bonds ratings are subject to change from time of purchase. Investment grade means bonds which carry a rating of Baa3 or higher by Moody’s or BBB- or higher by Standard & Poor’s. You should therefore carefully consider whether interest rate and default risk are suitable for you in light of your financial condition. 

Bond Laddering
Bond laddering does not assure a profit or protect against loss in a declining market.  Yields and market values will fluctuate, and if sold prior to maturity, bonds may be worth more or less than the original investment.

Stifel Score Program
The Washington Crossing Advisors Laddered Bond Portfolio requires a $300,000 minimum investment. Strategies in the Stifel Score Program are proprietary products developed by Stifel Nicolaus. More information on the Score Program is included in the Stifel Consulting Services Disclosure Brochure and Part II of the Manager’s Form ADV, which may be obtained from your Financial Advisor and which further outlines the fees, services, exclusions, and disclosures associated with this program. The information contained herein is believed to be reliable and representative of the portfolios available through Stifel; however, the accuracy of this information cannot be guaranteed. Investors should consider all terms and conditions before deciding whether the Score Program is appropriate for their needs.