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When you evaluate a Closed End Fund, the Snapshot page provides a detailed overview and summary of research data and analytics available for the security along with easy access to more comprehensive detailed research pages.
The Snapshot page provides overviews of the following information:
A banner across the top of the page displays the quote for the Closed End Fund, and is updated as the market changes. Below the banner is the Closed End Fund current price, volume, last reported NAV, premium, discount, and whether options are available.
If you are not logged in, the quote information displayed in the banner will be delayed by at least 15 minutes.
The interactive chart (provided by Interactive Data, an independent, third-party vendor) displays the Closed End Fund daily price and volume over the past 6 months. The chart lets you compare your Closed End Fund against other Closed End Funds, individual ticker symbols, or to market indexes. You can adjust your chart to display different time frames (from 1 day to 10 years) or to show or hide the Closed End Fund price. Closed End Fund price data can be displayed in different chart formats such as high-low-close (HLC), open-high-low-close (OHLC), candlestick, mountain, bars, dots, close, logarithmic, or highlight. You may also set the options on the chart to display information such as dividends, splits, simple moving average, volume +, RSI, MACD, OBV, fast stochastic, slow stochastic, ROC, Williams %R, money flow, volume accumulation, volatility fast, volatility slow, momentum, ultimate oscillator, % short interest, rolling EPS, P/E ratio, P/E ranges, rolling dividend, yield, up/down ratio, arms index (TRIN), A/D line (breadth), A/D line (daily), and % compare (all terms are defined in the Glossary section).
If you select the Advanced Chart link, the Closed End Fund will be displayed in the new advanced chart (provided by Fidelity), but other details and settings you may have selected for the previous chart will need to be reapplied. Although the chart is provided by Fidelity, most of its underlying data will usually be provided by third-party vendors.
The area to the right of the chart provides detailed information about the Closed End Fund, such as its asset class, Morningstar category, sponsor, prospective objective, net assets. If the Closed End Fund uses financial leverage, the total leverage ratio will be provided. Total holdings are not typically updated daily. The date listed after the total holdings provides the most recent reported date.
This is the stated objective of the Closed End Fund as described in its most recent shareholder report.
Analyst ratings and reports are generated by independent third-party research firms to help investors better understand the potential risks and opportunities of investing in a particular Closed End Fund. Each research firm has a different approach to evaluating the Closed End Fund. For example, one firm's ratings may be based on the underlying securities in the Closed End Fund, while another may rate and analyze based on the structural integrity of the Closed End Fund. Click the research firm's name to learn more about their methodology.
The table shows the research firm's name, date, and action (upgrade/downgrade) from last rating, and a rating for each research firm that has rated the Closed End Fund. If available, logged-in users can access the most recent research report PDF by clicking the icon in the last column of the table. Not all firms that rate Closed End Funds provide detailed research reports. Research reports are updated as new ones become available from the research firm. You should check the As Of date for each research report and interpret it in light of any recent market events that may not yet have been taken into account in the analysis.
On this page you can view a chart of how a hypothetical investment of $10,000 made in the fund on ten years rolling or on its commencement of operations (whichever is later) would have performed. The values charted include reinvestment of capital gains and dividends, but do not reflect the effect of applicable sales charges or redemption fees, which would lower the values. This chart is not intended to imply future performance of the fund. You can also see both the short- and long-term performance of the investment based both on its net asset value (NAV) and market price, and how it compares to a market benchmark. You can click More about Performance and Risk to view more performance and risk information.
Here you can view the last reported top 10 holdings of the Closed End Fund. Depending on the asset class you are viewing, you might also see more details about the composition of the Closed End Fund, such as its exposure to different sectors, industries, countries, or regions, details about the bonds within the portfolio, or a StyleMap estimating characteristics of the Closed End Funds holdings over two dimensions (market capitalization and valuation for equities).
Multi-Asset Closed End Funds, meaning they hold both equity and bond securities, provide details about the equity holdings and bond holdings under separate tabs.
The News, Commentary, & Events area provides a chronological list of continuously updated news stories and research commentary from well-known independent sources.
Click More News & Events to view the complete list of news for the Closed End Fund.
Key Statistics is a short list of important facts about the Closed End Fund you are viewing. This is area is specific to the asset type of Closed End Fund you are looking at. For example, this is where you would see the price/earnings (P/E) ratio of an equity Closed End Fund, or the average maturity of a fixed income Closed End Fund. Additional information such as total distribution rate (market price), total distribution rate (NAV), 1940 Act leverage ratio, Non-1940 Act leverage ratio can be found here as well when applicable.
Click All Key Stats to view the complete list of Key Statistics.
This area provides a snapshot view of how the Closed End Fund compares to the average of other Closed End Funds in the same asset class on statistics such as volume, performance, volatility, and total expense ratio reported.