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Snapshot

When you evaluate a preferred security, the Snapshot page provides a quick but detailed thumbnail overview of many of the categories of information available in more detail on the other Research pages.

Preferred securities combine characteristics of both bonds and stocks, and their payment features may be dependent on several factors. Here are some important things you should know about investing in preferred securities:

What information does the Snapshot page show?

The Snapshot page provides overviews of the following information:

What is the information at the top of the page?

The banner across the top of the page displays quote information that is updated as the market changes. Quote information is delayed at least 15 minutes, unless you are logged in. Key price and volume information is also displayed here and, along with the quote, will update if you refresh the page or move to another research page.

What are the chart options?

This interactive chart, from BigCharts.com, lets you see the stock's daily price and volume over the past six months. You can change the time frame from one day to ten years, and compare your stock to other companies, the S&P, DJIA, NASDAQ, and the stock's industry. You can also change the price display or hide the price. Chart Options let you add Earnings, Dividends, Splits and Simple Moving Averages to the chart. If logged in, you can select Advanced Chart for additional timeframes and technical indicators.

What is the Environmental, Social & Governance Summary (ESG)?

Environmental, Social & Governance information is based on the issuing company.

The RiskMetrics ESG Composite Rating is a measure of how well a company manages ESG risks and addresses ESG opportunities. If a company is performing adequately on this measure, it receives a Yellow rating. If it is more effective, it receives a Green rating. If the company is not managing ESG risks and opportunities effectively, it receives a Red rating. The RiskMetrics Composite Rating is provided for the largest 3,000 U.S. companies by market capitalization.

RiskMetrics Research & Analytics, Inc. is an independent investment research firm with over 20 years of ESG research experience and is an industry leader in screening for these factors.

What is the Vice Alert?

The RiskMetrics Vice Alert is triggered when a company derives at least 15% of its revenue form adult entertainment, alcohol, gambling, and/or tobacco.

What is the Audit Integrity Company Report?

Audit Integrity Company Report, hosted exclusively by Fidelity, includes in-depth risk analysis of a issuing company's financial reporting and governance practices, and examines risk metrics in five broad categories: Revenue Recognition, Expense Recognition, Asset-Liability Valuation, High-Risk Events, and Corporate Governance. A company's risk profile is based on a statistical comparison of its current risk metrics with those of peer companies and prior reporting periods. The report includes Audit Integrity's AGR® Score, AGR Equity Risk Factor, and, if applicable, an AGR Watch or recent "high risk" events that could potentially have a negative impact on the next quarter AGR® Score.

What is News & Events?

News stories on the issuing company and security are listed chronologically and updated continuously from well-known independent sources such as Reuters, CBS MarketWatch, and more.

If you are logged in, you'll be able to see a frequently updated, chronological list of news called Significant News, which highlights information that could affect your issuing company or security's performance, including:

Labor strikes, natural disasters, and other such events that could also have a significant impact on a stock are not included in significant news.

Significant news is provided by Capital IQ. New significant news stories are posted multiple times throughout the business day.

Events provides a calendar of upcoming events related to the issuing company or security. Events include earnings, dividends, splits and meeting announcements.

Click More News & Events to view the complete list of news for the issuing company and security.

How is the Industry Average and Percentile Ranking Determined?

The Compare table provides a snapshot view of the security's and issuing company's fundamentals to the average of its industry, and provides its percentile rank within the industry, relative to its peers.

The Industry Average and Percentile Rank methodology is based on the daily list of U.S. equity securities in each industry to which a company belongs, as determined by Standard & Poor's. S&P uses the Global Industry Classification Standard (GICS)SM, an industry classification system developed by S&P in collaboration with Morgan Stanley Capital International (MSCI).

A company is assigned to a single GICS sub-industry according to the definition of its principal business activity as determined by Standard & Poor's and MSCI. Revenues are a significant factor in defining principal business activity; however, earnings analysis and market perception are also important criteria for classification.

Securities are first grouped into their respective S&P GIC Industry, null values are removed and then the percentile is computed. The percentile is the value of a variable below which a certain percent of observations fall. So the 20th percentile is the value (or score) below which 20 percent of the observations may be found. Sometimes, being in the 100th percentile is not the best for items such as Debt to Capital Ratio where a lower number means less debt. Therefore, being in the 1st percentile indicates lower debt than its peers in the industry.

The Industry Average is a market cap-weighted average of the non-null values in the industry.

To show a more meaningful average, the following data points. values are removed from the universe when the value is negative to remove the outliers: Current Ratio (TTM), Income/Employee (TTM), Revenue/Employee (TTM); and Dividend Yield (TTM). While "zero" is valid for numerous items, the intent is to show the average for those that have actual results. Thus, if discussing dividends, the goal is to show that for all companies paying dividends.