Fidelity Institutional Wealth Services TRADE EXECUTION CONFIRMATION
Conf. No: FIn2025n003112 | Date: February 18, 2025
Institutional Client Services | Wealth Management Platform
Bucket Strategy Implementation — Pre-Retirement Repositioning
IPS-2025 Adoption: 62/33/5 + Bucket Framework (DecisionID-2025-112)
Client Household: Alex & Sam Chen Confirmation No.: FIn2025n003112
(HH-CHEN-001)
Advisor: Morgan Park, CFP® Confirmation Date: February 18, 2025
(ADV-PARK-001) | Clearwater
Wealth Partners
Custodian: Fidelity Institutional Wealth Services Settlement Date: February 19, 2025
(CUST-FI-001)
Decision / Ref: DecisionID-2025-112 / Document ID: DOC-TradeConf-2025Q1-001
DOC-IPSAmendment-2025-001 /
GoalID-2016-01 (retirement
readiness)
Meeting Ref: MtgID-2025Q1-01 Confirmation Strategic Reallocation — IPS
Type: Amendment Implementation
IPS Version: IPS-2025 (62% Equity / 33% Fixed / Tax Year: 2025
5% Cash — Bucket Framework) —
replaces IPS-2020
TRADE CONTEXT & RATIONALE
Implementation of IPS-2025 (DOC-IPSAmendment-2025-001), adopting a three-bucket framework for pre-retirement income
stability and sequence-of-returns risk management (GoalID-2016-01). Bucket 1 (cash/ST bonds, 5%): funded by adding STBIX in
ACCT-CASH; provides approximately 2 years of living expenses. Bucket 2 (fixed income, 33%): funded by UCBIX and MUNIX
additions across IRA and taxable. Bucket 3 (equity, 62%): slight reduction from 60% IPS-2020 equity target is structural, not a risk
reduction. Small equity trim in ACCT-TX01 funds Bucket 1 seed. Alex age 41, Sam age 40; target retirement approximately
2043 (age 60).
TRADE EXECUTION DETAIL
Trade Actio Gross Comm/ Net Notes / Lot
Account / No. Settle Security CUSIP Quantity Price
Date n Amt Fee Amount Info
Bucket 1
seed; LT
ACCT-TX01 gain
02/18/202 02/19/20 UECIX 67890A10 $16,200.0 ($16,200.
Z23n8472n91 SELL 150 $108.00 $0.00 Basis: Feb
5 25 US Equity Core Index Fund 0 0 00)
Joint Taxable Brokerage 2016 lot; basis
$40.00/sh; LT
gain $10,200
Fidelity Institutional Wealth Services | 245 Summer Street, Boston, MA 02210 | fidelityinstitutional.com
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Document Ref: DOC-TradeConf-2025Q1-001 | Household: HH-CHEN-001 | Custodian: CUST-FI-001 | Synthetic demo data only

Fidelity Institutional Wealth Services TRADE EXECUTION CONFIRMATION
Conf. No: FIn2025n003112 | Date: February 18, 2025
Institutional Client Services | Wealth Management Platform
Trade Actio Gross Comm/ Net Notes / Lot
Account / No. Settle Security CUSIP Quantity Price
Date n Amt Fee Amount Info
Bucket 1
seed; LT
gain
ACCT-TX01 IDEIX
02/18/202 02/19/20 45678A10 ($8,800.0 Basis:
Z23n8472n91 SELL Intl Developed Equity Index 200 $44.00 $8,800.00 $0.00
5 25 0 0) Blended lots;
Joint Taxable Brokerage Fund
basis
$25.50/sh; LT
gain $3,700
EM trim;
Bucket 1
seed; LT
ACCT-TX01 EMEIX
02/18/202 02/19/20 23456A10 ($1,080.0 gain
Z23n8472n91 SELL Emerging Markets Equity 30 $36.00 $1,080.00 $0.00
5 25 0 0) Basis: Feb
Joint Taxable Brokerage Index Fund
2016 lot; basis
$18.00/sh; LT
gain $540
Bucket 2
add; muni
ACCT-TX01
02/18/202 02/19/20 MUNIX 78901A10 bond in
Z23n8472n91 BUY 800 $10.10 $8,080.00 $0.00 $8,080.00
5 25 Municipal Bond Fund 0 taxable
Joint Taxable Brokerage
Basis: New lot
$10.10/sh
Bucket 1:
2-yr
spending
ACCT-CASH
STBIX reserve;
Z23n8472n95 02/18/202 02/19/20 12345A10 $20,800.0 $20,800.0
BUY Short-Term Bond / Cash 2,000 $10.40 $0.00 CMA
Cash Management 5 25 0 0 0
Equiv Fund Basis: New lot
Account
$10.40/sh —
IPS-2025
Bucket 1
Bucket 2:
core bond
ACCT-IRA1
02/18/202 02/19/20 UCBIX 34567A10 add in IRA
Z23n8472n92 BUY 800 $10.00 $8,000.00 $0.00 $8,000.00
5 25 US Core Bond Index Fund 0 Basis: IRA
Alex Traditional IRA
new lot
$10.00/sh
TOTAL
S
Total Purchased: $36,880.00 (cid:127) Total Sold / Redeemed: $26,080.00
SETTLEMENT SUMMARY
Description Amount Settlement Date Direction
Total Purchased (BUY orders) $36,880.00 February 19, 2025 Debit
Total Proceeds (SELL orders) $26,080.00 February 19, 2025 Credit
Net Cash Flow ($10,800.00) Debit
Fidelity Institutional Wealth Services | 245 Summer Street, Boston, MA 02210 | fidelityinstitutional.com
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Document Ref: DOC-TradeConf-2025Q1-001 | Household: HH-CHEN-001 | Custodian: CUST-FI-001 | Synthetic demo data only

Fidelity Institutional Wealth Services TRADE EXECUTION CONFIRMATION
Conf. No: FIn2025n003112 | Date: February 18, 2025
Institutional Client Services | Wealth Management Platform
TAX IMPACT NOTES
UECIX sell (150 shares): basis $40.00/sh (Feb 2016 lot); gain = ($108.00 - $40.00) × 150 = $10,200 LT. IDEIX sell (200 shares):
blended basis ~$25.50/sh (Feb 2016 + 2019 lots); gain = ($44.00 - $25.50) × 200 = $3,700 LT. EMEIX sell (30 shares): basis
$18.00/sh; gain = ($36.00 - $18.00) × 30 = $540 LT. Subtotal: $14,440 LT. 2025 full-year net cap gains ~$16,000.
TaxTopicID-2025-01 (bucket strategy taxable efficiency). MUNIX in taxable remains tax-efficient. STBIX in ACCT-CASH is new
Bucket 1.
IMPORTANT: This Trade Execution Confirmation is a summary of executed orders processed through the Fidelity Institutional platform. All transactions are subject to
the terms and conditions of the applicable account agreement. Prices shown are execution prices; actual settlement may vary for equity securities by T+2. Tax
information is provided for planning reference only; clients should consult their tax advisor. This document is synthetic demo data generated for product demonstration
purposes and does not constitute an actual trade confirmation, investment advice, or tax advice.
Fidelity Institutional Wealth Services | 245 Summer Street, Boston, MA 02210 | fidelityinstitutional.com
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Document Ref: DOC-TradeConf-2025Q1-001 | Household: HH-CHEN-001 | Custodian: CUST-FI-001 | Synthetic demo data only
