For equity holdings, this line typically displays just the name of the issuing company. Other equity labels are included where appropriate, such as ADR, which distinguished an American Depository Receipt. Fixed-income holdings, however, will usually include more information to differentiate among the many types of bonds available. For most bonds, the coupon rate is listed as a percentage figure after the name of the bond. Adjustable-rate mortgages and floating-rate notes will have ARM or FRN (or IFRN for inverse-floating rate notes) listed after the name of the bond to indicate that the coupon rate is variable.
Less-common labels you may come across include:
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(144A) |
Private or restricted trading security, which means greater chance ofvolatility because of limited liquidity. |
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(Br) |
Bearer shares- for European securities -very few remain. It was a way of recording ownership through the actual possession of the security. |
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(Cert) |
Securities that provide a certficate of ownership often for European securities |
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(CP) |
Commercial Paper- short term debt issued by corporations rather than obtaining a bank loan. |
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(Dep) |
Deposit shares |
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(For) |
Shares traded on foreign exchanges |
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(LP) |
Limited Partnership |
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(New) |
New shares have been issued - most funds usually report with this designation for a few months |
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(nv) |
Dutch corporation |
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(Part) |
Usually designates that the issue allows the investor to have preferred and common share dividends |
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(Priv) |
Private. See also Restricted (Restr). Limits as to how often and to whom the security can be traded. |
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(Reg) |
The opposite basically of Bearer (Br), the ownership has been electronically registered. |
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(Restr) |
Restricted much like a 144A marking. Limits as to how often and to whom the security can be traded. |
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(Risp) |
Italian abbreviation for company. |
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(RNC) |
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(Rts) |
Rights very similar to warrants. Gives the holder the ability to buy the common stock under certain circumstances. |
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(Short) |
This is a deriviative--the security has been shorted--the investor believes the price will drop. |
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(Unit) |
The shares actually represent a group of shares. |
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(WPR) |
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(Wts) |
Warrants. Gives the holder the ability to buy the common stock under certain circumstances. |