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Beta should be considered with R-squared (R²), a historical measurement which indicates how closely a fund's past fluctuations have correlated with the fluctuations of its benchmark index, such as the S&P 500. For example, a fund with an R-squared of 0.80 indicates that 80% of the fund's past fluctuations were explained by fluctuations in the benchmark index. Generally, the higher the R2, the more meaningful the beta figure.
On a multi-leg options tool, the difference in strike price between each leg of your multi-leg strategy. The range entered must match an eligible range. For example, if the option series trades in fives (5), then five (5), ten (10), or twenty (20) would be eligible, but 1 or 2.5 would not be eligible.
Rate Effective Date
The date at which the current coupon rate became effective.
Rate of Return
The amount an investment has gained. The rate is shown as a percentage of the security's purchase price.
Designations assigned by an organization (such as Moody's and S&P) to give relative indications of credit quality. In the case of a municipal bond where the repayment of principal or coupon interest is not guaranteed by a third-party, the ratings provided by Moody's and S&P indicate each organization's assessment of the relative credit risk of the issuer of that bond. For municipal bonds where the repayment of the principal and payment of coupon interest is guaranteed by a third-party (insured municipal bond), the rating reflected may be that of the Insurer. In the case of insured bonds, evaluating the rating of the insurer as well as the issuer provides a more complete assessment of the relative credit risk of that bond.
A ratio spread is the purchase of one or more options at one strike price, and the sale of a greater number of options at another strike price. Typically, traders use ratios of 1:2 or 1:3, but it is not uncommon for more sophisticated traders to use ratios of 4:5 or 1:8. The ratio spread can be used to target a range in which a stock might trade until expiration. Depending on market variables such as time until expiration, implied volatility, underlying price, and strike prices selected, a ratio spread can be a debit spread, a credit spread, or a zero cost spread.
The cumulative amount of realized gains and losses resulting from the sale of securities.
In the Realized Gain/Loss Summary box, this figure is the total short-term or long-term realized loss for the selected year.
The total percent that is being exchanged from an investment option in an annuity.
The total percentage reallocated must equal 100% after you have finished reallocating assets.
Refer to Reallocation below for additional information.
An exchange among investment options within an annuity that effects the distribution of investment options across the entire annuity.
The total percentage reallocated must equal 100% after you have finished reallocating assets.
Exchange by reallocation orders placed online using Fidelity.com are one-time orders. To reallocate in the future, place another Exchange by Reallocation order.
Real-time balances are available to all eligible margin customers. They are provided for informational / risk-management purposes and involved your account being marked to market. This means that real-time prices are obtained (where possible) for all the positions in the account and the account's balances are then recalculated. Although the Real-Time balances calculation methodology is similar to the nightly balances calculation, real-time balances are only a "snapshot" of the account, taken at a particular point in time. In other words, real-time balances could be subject to wide swings from one revaluation to another, depending on market volatility and the Beta of the account.
This is a fair market value option for an order to exercise stock options. This value means that your stock option plan uses the market price for the stock at the time your exercise order executes to calculate the:
Real-time quote refers to a quote that is current as of when the quote was displayed.
Recent trade information contains actual trade execution data as reported to FINRA's Trade Reporting and Compliance Engine (TRACE) for corporate bonds and government sponsored enterprise (GSE) offerings, and to the MSRB’s Real-time Transaction Reporting System (RTRS) for municipal bonds.
All member firms have an obligation to report transactions in corporate, GSE and municipal bonds.
The historical trade information can provide insight into fair market value; however, this activity should not be viewed in isolation for this purpose as it may not be reflective of current market value.
Cancel trade processing can occur for a variety of reasons and involves nullification of the trade that was initially processed. Cancel and rebill trade processing occurs when some element of a trade is initially processed inaccurately, thus requiring modification of those terms. The cancellation reverses the original trade and its terms. The rebilled trade involves the processing of that original trade with terms modified to accurately reflect the terms agreeable to both parties.
Fidelity provides this data for informational and/or education purposes only, has not been involved in the preparation of the content, does not alter or change content from these sources, and does not explicitly or implicitly endorse or approve its content.
For corporate, government sponsored enterprises and municipal bonds, you can view recent trade history of a particular issue. On the Results Tables, Depth of Book popups and Bond Details - Analytics page, there is a link to recent trading activity. Click View Recent Trades to view the time, price, yield and size/quantity of each trade.
Those trades listed include all trading activity occurring in that CUSIP across the US bond markets. In other words, they are not only Fidelity's most recent trades (if at all), or exclusively the trades of Fidelity's customers.
Record address refers to the address that is currently on file for you. You can update this information by selecting Customer Service > My Profile & Preferences > Address Information.
For variable annuity VIP sector funds, there is a 1% fee that is charged when units from one of these funds is transferred or withdrawn less than 60 days after you acquire the units. The fee is retained by the fund.
Another name for a preliminary prospectus used by a company's underwriter in anticipation of an initial public offering. The name, Red Herring, is derived from the fact that a warning from the Securities and Exchange Commission is printed in red on the front cover.
This is the primary Electronic Communications Network (ECN) to which all orders placed during Fidelity's Extended Hours Trading sessions, Premarket and After Hours sessions, are sent.
Reference CPI Settlement
The CPI Settlement is the relevant CPI applicable for the settlement date of a bond, assuming it was to be traded today. In the context of inflation-protected bonds Reference CPI is used to clarify which price index is referenced as part of the bond's inflation adjustment. For example, for TIPS, the reference CPI is based on the non-seasonally adjusted U.S. City Average All Items Consumer Price Index for All Urban Consumers (CPI-U) published by the Bureau of Labor Statistics of the U.S. Department of Labor.
Registered Sale of Securities
Indicates the company issuing the securities has done so in a manner that meets the requirements of the Securities and Exchange Commission to offer and sell the shares to the general public.
Securities offered in a registered offering are typically traded in the open market and are not subject to the rules that govern restricted securities.
The registration for the account (e.g., individual, joint, etc.). There is one registration type per brokerage account or annuity contract. Some types of mutual fund accounts* have the same registration.
* Positions in some other types of mutual fund accounts can have different registrations.
This is a statement that is required by the Securities and Exchange Commission for any securities that are to be sold to the public. The statement provides information about the company issuing the securities (e.g., financial information, company operations and management, other information that should be disclosed to anyone who would purchase shares of the security, etc.).
The risk that prevailing interest rate fluctuations will adversely affect the price of a bond. Also known as market risk.
The number of options, rights, or awards you have declined for this grant.
Eligible accounts registered at your address and owned by you or your immediate family members can be included in your relationship household. The accounts included in your Fidelity statement will be considered the building block of your relationship household. To see exactly what accounts are included in your statement, refer to the most recent periodic statement you received from Fidelity.
In order to establish a relationship household:
You are required to complete a Household Consolidation Form.
Accounts eligible to be included in a relationship household and consolidated onto a single reporting statement include:
Ineligible accounts include:
A ratio of a portfolio's standard deviation to the standard deviation of a benchmark index. See Volatility Measures.
Remaining Guaranteed Withdrawal Amount
The Guaranteed Withdrawal Amount less the amount Withdrawn this Contract Year. This is the amount you can withdraw between now and the end of your contract year without reducing future Guaranteed Withdrawal Amounts
Additional amounts of a previously-issued security re-auctioned, or "reopened," during a Treasury auction. Reopened securities have the same maturity date and interest rate as the original securities, but a different issue date, and usually, a different price. The price of a reopened security is determined at auction. If the price of the reopened security is greater than its face value, the purchaser has to pay a premium.
Regardless of the reopened security's price, purchases may have to pay accrued interest, the interest the security earned from its original issue date or most recent coupon date until the second auction date. Accrued interest is paid back to the investor in their first semiannual interest payment.
Request for Bid Quote
When you need to sell a fixed income security immediately, but there are no dealer bid quotes displayed, or you wish to sell a smaller quantity than the current minimum, you may enter a request for bid quote. In this process:
The bid quote request process typically engages dealers who are willing to bid on illiquid or higher risk securities. This finite pool of dealers may discontinue the practice of bidding if they believe Fidelity's customers are using this service for pricing purposes only. That's why Fidelity does not allow you to enter numerous bid requests for the same bond over the course of the day.
If you have questions, please call 800-544-5372.
How often the coupon rate will adjust for a stepped or variable rate security.
The balance remaining from your last Employee Stock Purchase Plan (ESPP) purchase that may be used as a contribution toward your next purchase.
Residual Balance After Purchase
The dollar amount that remains in an Employee Stock Purchase Plan after the purchase for the offering period.
For a real-time quote, this field displays an indicator showing whether or not the quoted security is restricted under U.S. Uniform Practice Code (UPC) 11830. UPC 11803 sets criteria for whether a security is exempt from short sale requirements. If a security is restricted under UPC 11803, R displays in this field.
Restricted securities are stocks, warrants, or other securities that are acquired directly or indirectly from a public or private company or from an affiliate of the company (for example, a gift), in a transaction that is not registered by the SEC, also known as a private offering. For example, restricted stocks can be acquired through corporate mergers, stock options, bonus shares, or compensation for services provided, but not through a public offering.
For example, restricted stock can be acquired through corporate mergers, exercise of stock options, as bonus shares, or as compensation for services provided, but not through a public offering.
Restricted securities are not registered with the SEC and can usually be identified by a legend on the stock certificate restricting the manner of the sale. Sale of the shares will depend on how and when the securities were acquired. Sometimes there is a contractual restriction, such as a lock up agreement, which further restricts the resale of the stock.
Restricted Stock Award
A restricted stock award (RSA) is a form of equity compensation used in stock compensation programs. An RSA is a grant of company stock in which the recipient's rights in the stock are restricted until the shares vest.
Restricted Stock Unit
A restricted stock unit (RSU) is a form of equity compensation used in stock compensation programs. An RSU is a grant valued in terms of company stock, but company stock is not issued at the time of the grant. After the recipient of a unit satisfies the vesting requirement, and depending on plan rules and applicable participant and company elections, the company distributes shares or the cash equivalent of the number of shares used to value the unit.
Retirement Income Portfolio
The set of accounts and underlying assets that you plan to use to fund your retirement. You designate the accounts you choose to plan with and monitor in the Retirement Income Planner and establish a Retirement Income Portfolio when you enroll in an Income Management Account.
A measurement of performance based on share price changes and income, including capital gains, dividends, and interest paid.
On the Historical Analysis screen, this is a list of returns based on the asset-allocation mix in your portfolio or one or more selected accounts.
The analysis uses your portfolios' or one or more selected accounts' asset-allocation mix to calculate the percentages. Then, the history performance information is calculated for the percentages using securities that are tracked in general market indexes.
Return of Capital
A return of capital occurs when a fund's distributions exceed its earnings in a fiscal year. Distributions are not taxable if they exceed taxable income. Any non-taxable distributions are reported on Form 1099-DIV. When distributions exceed earnings, your total cost basis is reduced by the amount of the non-taxable distributions. Fidelity will adjust cost basis information to account for return of capital. Use the adjusted cost basis to calculate the gain or loss realized when redeeming shares.
Return of Principal
The distribution of cash that results from depreciation tax savings, the sale or maturity of a capital asset or of securities in a portfolio, or any other transaction unrelated to retained earnings.
Return of principal distributions are not currently taxed; instead you reduce your cost basis for the security by the amount of the return of principal. The result is an adjustment to the gain/loss on subsequent sales or redemptions.
Fidelity is not required to report this information to the IRS.
Return on Assets, TTM (%)
In a Company Profile, this value is the income after taxes for the trailing 12 months (TTM) divided by the average total assets, expressed as a percentage. Average total assets is calculated by adding the total assets for the 5 most recent quarters and dividing by 5.
Return on Equity, TTM (%)
In a Company Profile, this value is the income available to common stockholders for the trailing 12 months (TTM) divided by the common equity and is expressed as a percentage. Average common equity is calculated by adding the common equity for the 5 most recent quarters and dividing the average by 5.
Return on Investments, TTM (%)
In a Company Profile, this value is the trailing 12 month (TTM) income after taxes divided by the average total long term debt, other long term liabilities and shareholder equity, and is expressed as a percentage.
Return per Unit of Risk (RUR)
A ratio that compares the fund's annualized average monthly no-load total return over a historical 36-month period to the average standard deviation of those returns. Standard deviation is a volatility statistic that measures the range of a fund's return over time- the higher the deviation, the higher the volatility. RUR attempts to show the relationship between the fund's historical return and the risk associated with the generation of that return. For example, an RUR of 1.00 means that for every percentage point of volatility there has been one percentage point of return. The higher the ratio, the better the fund's risk adjusted performance.
An options trading arbitrage strategy in which a customer takes a short position in an underlying stock and offsets that with the simultaneous sale of an at-the-money put and purchase of an at-the-money call with the same expiration. The two options create a synthetic long stock, and the customer holds parallel long and short positions. The strategy is meant to take advantage of underpriced options, and the profit is made in the premium difference between the call and the put.
Rules: The strike prices of the put and call options must be equal. Reverse conversions are not permissible with index options.
Example: Short 1000 XYZ at 50
Short 10 XYZ 50 Put
Long 10 XYZ 50 Call
Reverse Stock Split
Reduces the number of shares shareholders own. The total net value of the shares is usually the same after a reverse stock split.
For example, 100 shares worth $50 per share before a 1 for 2 split was worth $5,000. After the split, this becomes 50 shares at $100 per shares worth $5,000.
Review Lot Selection
This is a section on the Tax Lots Choose Specific Shares and Tax Lots Specified Lot Detail screens where you can see the total number of shares in your order, the total specified tax lot shares you have chosen to trade, and the total number of shares in the order for which you have not specified tax lot shares (unspecified shares).
The expected change in an option's theoretical value for a one-percent change in interest rate. Theoretical value is the price of an option, or a combination of options, as computed by a mathematical model.
Example: A position rho of 0.08 means that for a 1% change in interest rates, the combined option value would rise/fall by $0.08.
The number of Stock Appreciation Rights that are required to go through a vesting period before becoming shares of stock.
On the Stock Appreciation Rights Summary|Vesting Schedule and Details screen for a particular Stock Appreciation Rights grant, this is the number of Stock Appreciation Rights that have been canceled (e.g., because you no longer work for your employer, etc.).
The date on which a grant issuer (e.g., your company) awarded you Stock Appreciation Rights.
This refers to the total number of Stock Appreciation Rights that you have exercised, across all of your Stock Appreciation Rights Grants.
The unique number that identifies a particular Stock Appreciation Rights grant.
On Stock Appreciation Rights screens, this is the total cost of a particular Stock Appreciation Rights grant.
The rate of change (ROC) measures a security's percentage change in price over a fixed period of time. The rate of change (ROC) indicator available in BigCharts measures your chart's focus symbol percentage change in price over rolling 10-bar time periods.
For example, if you are plotting the daily price performance of IBM and you apply the ROC indicator, you will see a line that plots the percentage change in price of IBM over the rolling 10-day periods.
The ROC indicator in BigCharts references the following default parameter: Number of Bars - 10 Bars.
The rolling dividend indicator plots a stock's or mutual fund's rolling 52-week dividend as dollars per share. This indicator will show you when a company or mutual fund raises or lowers the dividends it pays its shareholders.
The rolling earnings per share (EPS) indicator plots the focus symbol's 12-month rolling earnings over the time period requested.
Roth IRA Aging Date
The five year aging period used for determining qualified distributions from a Roth IRA. You are responsible for maintaining and tracking this date.
For stocks, this refers to a trade order for the generally accepted number of units or shares for a security. For example, a trade order for 100 shares of stock is for a round lot.
For bonds, this refers to an order for greater than 100 bonds and/or the remaining balance of a bond offering if the balance is less than 100.
The market maker or market center (exchange) to which an order is sent for execution. For certain order types, you may select the exchange to which you want your order sent.
For orders you do not direct yourself, several factors are taken into consideration in determining where a specific security or order is sent. These factors include, among other things, the ability of the market maker or market center to provide executions at the National Best Bid or Offer (NBBO), the ability of the market maker or market center to provide price improvement, and the speed of order execution.
An investment vehicle with the right to collect royalties, typically for the development of oil or gas reserves. The income from royalties, after expenses, is distributed to the beneficial holders.
The Relative Strength Index (RSI) is a momentum indicator which measures an equity's price relative to itself and its past performance. The RSI indicates a security's internal strength.
RSI quantifies price momentum. It depends solely on the changes in closing prices. RSI is less affected by sharp rises or drops in a security's price performance. It gives a better velocity reading than other indicators.
RSI equals the average of the closes of the up bars divided by the average of the closes of the down bars. The time frame specified determines the volatility of the indicator. For instance, a nine-day time period under study will be more volatile than a 21-day time span.
The RSI ranges between 0 and 100. RSI is said to indicate an "overbought" condition when it is above 80 and an "oversold" condition when it is below 20.
However, the buy and sell level varies depending on the amount of bars used in the calculation:
The RSI indicator in BigCharts references the following default parameter: Length - 14 bars
Sets forth conditions for selling securities which are the result of Securities and Exchange Commission (SEC) registered merger or consolidation. This is a requirement for tax treatment as a pooling of interest, not a 145 requirement.
Non-affiliates are not subject to resale restrictions. Affiliates of the selling company who do not become affiliates of the acquiring company are subject to volume restrictions and public information requirements for the first year, but do not have to file Form 144. During the second year, the only requirement is for the company to be current in all SEC reporting. Affiliates of the acquiring company must abide by all 144 requirements except the minimum holding period.
Securities and Exchange Commission (SEC) Rule 144 is a means by which restricted and control securities may be sold in compliance with federal law and regulations. Rule 144 requirements depend upon who owns the security, the length of time it has been owned, and how it was acquired. Rule 144 applies to the resale of restricted securities as well as to restricted and non-restricted securities sold by control persons. To sell the security, some or all of these requirements must be met:
However, a control person may sell unrestricted securities without regard to the holding period. Volume restrictions still apply.
The amount of stock sold in any three-month period does not exceed the volume limitations which are the greater of 1% of the outstanding shares or the average weekly trading volume for the four calendar weeks preceding the filing of a form 144 notice.
Solicitation of purchasers is prohibited.
Rules of Succession
If more than one person is named as primary beneficiary and no percentages are indicated, payment of your account is made in equal shares to your primary beneficiaries upon your death. If a percentage is indicated and a primary beneficiary does not survive you, the percentage of that beneficiary's designated share is divided equally among the surviving primary beneficiaries unless you designate per stirpes.
If there are no surviving primary beneficiaries, more than one person is named as contingent beneficiary, and no percentages are indicated, payment of your account is made in equal shares to your contingent beneficiaries upon your death. If a percentage is indicated and a contingent beneficiary does not survive you, the percentage of that beneficiary's designated share is divided equally among the surviving contingent beneficiaries unless you designate a legal heir option.
For IRA accounts, if you do not designate any beneficiaries or all your primary and contingent beneficiaries predecease you and per stirpes has not been designated, your surviving spouse becomes your beneficiary, or if you do not have a surviving spouse, payment of your account is made to your estate.
Refer to the applicable legal agreements for an explanation of rules of succession for your account.
One of the bonds that make up a bond ladder. Each bond represents a rung in the ladder.
Russell 3000 Index
The Russell 3000 is an unmanaged, market-capitalization-weighted index that comprises the 3,000 largest U.S.-domiciled companies.