Bond Coupons

[jpitler]

With Fund Manager, I track dates when I can expect to receive coupons for bonds I hold. I believe in FM, coupon dates are established as a function of a bond's maturity date. However, some bonds have coupon dates that don't correspond to the maturity date. Therefore "next coupon date" and the income schedule are not accurate. Is there a way to manually adjust the coupon date?

[Mark]

Hi jpitler,

If you set your investment's "Income" style property to "Dividend", you can then specify the exact dates/amounts. If you leave it set to "Bond Interest" all payment dates are calculated based off the specified maturity date.

[jpitler]

Thank you for the response, Mark. I made the change as you suggested. Scheduled income is now accurate, however, holdings modified in that way are no longer displayed in the bond report and maturity dates are no longer displayed in any reports. If adjustment of the income schedule, while retaining the bond characteristic is not possible, I would enjoy that feature in a future version.

Thanks, Jeff

[Mark]

Hi Jeff,

Okay, thanks for the feedback. I'm curious, what type of bonds do not pay coupons based off the maturity date? I'm wondering how common this is?

Another possible work-around you may consider for now is to change your maturity date, so that the coupon dates are reported correct. I realize this isn't ideal since your maturity date is now recorded incorrect, but it is an option if you'd rather have the other features available with this method.