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Retirekit Glossary H


H


Hedge Call
An options strategy in which one leg is a short position in a stock and the second leg is a call that hedges against loss in the case of a rise in the price of the underlying.

Rules: None
Example:      Long Call Option
                    Short Stock

Hedge Put
An options strategy in which one leg is a Long position in a stock and the second leg is a put that hedges against loss in the case of a fall in the price of the underlying.

Rules: None
Example:      Long Stock
                    Long Put Option

Held in Cash
The total market value of all long cash account positions. This figure is reduced by the value of any in-the-money covered options and does not include any shares bought on margin, held short, or cash in the Core Money Market.

Held in Margin
The total market value of all long margin account positions. This figure is reduced by the value of any in-the-money covered options and does not include any shares held as Cash positions, held short, or cash in the Core Money Market.

Held Long
A position held long is a security for which you paid cash or bought on margin to purchase the shares. If you own shares of a particular stock, you are said to have a “long position” or to “be long” that stock.

Held Short
See Short Position.

Hidden Accounts
Accounts which customers have decided to no longer display on Fidelity.com. Hidden accounts are removed from all account groupings when returns are refreshed the following month.

Hide Accounts
A feature that lets you hide zero-balance accounts and zero-balance mutual fund account positions.

Hide Other Accounts
After you select this option, your authorized accounts, accounts you are authorized to access, but do not own, are hidden. You only see the accounts you own.

This option displays on the Portfolio Summary screen if you have previously chosen to Show Other Accounts.

High Yield
Non-investment grade bonds rated below Baa3 on Moody’s credit rating scale, and below BBB- or the equivalent on S&P’s or Fitch’s credit rating scale. Credit ratings are assigned based on an issuer’s ability to pay interest and principal. High yield credit ratings denote that the issuer’s financial position is relatively weak, and its bonds should be considered a speculative investment. In bond results tables, the Attribute HY is used to indicate that a particular bond is a high yield or non-investment grade bond.

Historical Analysis
This is an analysis of the historical performance associated with the holdings in your current portfolio or one or more selected accounts. This view of your holdings shows their current allocation across different asset classes (e.g., stocks, short-term investments) and performance over time and includes:


  • The Historical Average Scenario shows the overall average annual return that is returned from the market for the asset-allocation mix over a 25-year period as well as the best and worst 1-year average annual return, and these returns for 5-year increments during a 25 year period

  • The Market Decline Scenario shows the market returns for the asset-allocation mix during the market decline periods shown

  • The ending values associate your portfolio’s net worth to the performance returns of the market for the market decline periods shown.


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.
For more information, select Learn More about Analysis at the top of the Historical Analysis screen.

Historical Average Scenario
This is a section on the Historical Analysis screen. In this section, you see the overall average annual return that are returned from the market and Year Ending for the asset-allocation mix over a 25-year period as well as the best and worst 1-year average annual return, and these returns for 5-year increments during a 25 year period

The analysis uses your portfolio’s or one or more selected accounts’ asset-allocation mix to calculate the percentages. Then, the historical performance information is calculated for that asset allocation using general market indexes.
For more information, select Learn More about Analysis at the top of the Historical Analysis screen.

Historical CPI Data
Month, Date, Year, CPI Value [3-4 months current month inclusive]

Historical Index Ratio Data
Month, Date, Year, Index Ratio Value [30-60 days]

Historical Inflation Factor
This is yesterday’s Inflation Factor (See Inflation Factor)

Historical Investment Rate of Return
The historical returns table for your PAS and PPS account shows yearly, quarterly, or monthly performance of your portfolio and the benchmark we currently use to evaluate performance. Your account inception date and account level performance history may not coincide with the inception date of the model. See footnotes for additional information. The benchmark shown reflects your strategy as of the end of the most recent month, regardless of your strategy history.

Historical (5 Year) EPS Growth Rate
This is the average annual compound growth in earnings per share (EPS) over the last 5 years.

Historic Volatility
The actual volatility of a stock calculated over a given period of time.

Historic Volatility Change
Changes in volatility based on consumer expectations for an underlying stock or the market in general.

History
This refers to transaction history for the currently selected account, annuity, or stock option grant and specified time period. On Fidelity.com, you can see history for up to the last 90 days.

Hold
A type of order that may be selected by owners of a municipal reset bond. The coupon rates of these bonds are reset at regular intervals through an auction process. If the owner of the municipal reset does nothing the bonds will remain tin their account and the coupon rate will reset automatically.

If the owner only wishes to keep the bonds if the reset rate is at or above a certain minimum level, he or she can submit a Hold order and specify their preferred limit coupon. If the outcome of the auction is a coupon rate below their stated limit coupon the bonds will be sold.
The Hold order is accessible from the Action drop-down on the order entry ticket for Municipal resets and will only show if a customer already owns the specific municipal reset in the account they are wishing to trade it in.

Holding Period
The indicator of how long the shares were held since the acquisition date. Possible holding periods:


  • Fractured: the shares were held for a combination of holding periods
    For positions tracked at lot level, fractured lots are always the result of wash sales.

  • Long: the shares were held longer than one year

  • Short: the shares were held one year or less

  • Unknown: Fidelity has no record of the holding period


For stock option grants, this refers to the amount of time stock options must be held before they can be exercised. The holding period requirements for stock options are described in the vesting schedule for your stock option grant.

Holdings Detail
This is an analysis of your holdings for your portfolio or one or more accounts. This view of your holdings shows the dollar amounts for your equity and short-term investments by:


All dollar amounts are as of the date and time shown on the Control Panel.

Holdings Table
The holdings table displays the top ten stock holdings of the model portfolio for your PAS account. To calculate this data, we examined the stock holdings of all the stock funds in your portfolio and determined the ten largest positions. The holdings table also displays holdings of the market sector weightings of the model portfolio for your account. To calculate this data, we looked at the underlying holdings of all of the stock funds in your portfolio according to their respective market sectors. We then compared that to the sector weightings of the Dow Jones Wilshire 5000 Composite Index, the benchmark for your portfolio’s U.S. stock fund holdings. Note: This data is provided for illustrative purposes and reflects the portfolio’s exposure as of the date indicated.

House Call
The amount by which the margin equity in the account has fallen below Fidelity’s minimum requirement (which ranges from 30% to 100%). Generally, house calls must be met (money added to the account to bring the margin equity up to the minimum required) within 5 business days, but Fidelity may cover the call at any time. If the amount of margin equity in the account is above the minimum requirement, this value will instead be reflected as a house surplus.

House Maintenance Requirement
This refers to Fidelity’s ongoing margin requirements which require customers to maintain a certain level of equity in their margin accounts.

Maintenance requirements are set by the New York Stock Exchange (NYSE), National Association of Securities Dealers (NASD), and the brokerage firm. Brokerage firms have the ability to modify the maintenance requirements on specific securities and individual accounts.
Currently, the Fidelity house maintenance requirement is 35% of the account’s net worth.
Note: For some securities, Fidelity has established a house maintenance requirement in excess of 35%.

House Surplus
The amount of margin equity in the account above the Fidelity minimum requirement (which ranges from 30% to 100%). If the margin equity in the account falls below Fidelity’s minimum requirement, this value will instead be reflected as a house call.

Hypothetical Tax
Projected tax that a U.S. employee would incur for benefits being extended during their international assignment (sometimes called “Stay-at-Home Tax”). Hypo tax is not an actual tax, but a contractual obligation between employee and employer, as defined by the company’s tax equalization policy. With this tax equalizing policy, a U.S. employee sent to work overseas (commonly known as an “expatriate”) neither benefits nor loses due to working internationally. Hypo tax is used widely for executives who are sent to work overseas to ensure that the tax situation does not become a factor in an executive’s decision to accept an international assignment.

 
 
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