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Royalty trusts may have special tax treatment, so you should consult a tax advisor on the potential tax consequences of investing in them. A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. Speak with your tax advisor to determine how this may affect you. It lists the partner's share of income, deductions, credits, etc. Partnerships issue a Schedule K-1 (Form 1065) rather than a Form 1099 form for tax purposes.

Shareholders of Master Limited Partnerships may be treated as partners for tax purposes. Closed-end funds can trade at a discount to their NAV. There is no guarantee the issuer of a REIT will maintain the secondary market for its shares and redemptions may be at a price which is more or less than the original price paid. Illiquidity is an inherent risk associated with investing in real estate and REITs. Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which are magnified in emerging markets. Value stocks can continue to be undervalued by the market for long periods of time. Growth stocks can be more volatile than other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Yield and return will vary, therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Performance data shown represents past performance, which is no guarantee of future results.

Fidelity spire full#

Before investing, you should read the prospectus, offering circular, indenture, or similar document carefully for a full description of the product, including its features and risks, to determine whether it is an appropriate investment for your investment objectives, risk tolerance, financial situation and other individual factors, and be sure to re-evaluate those factors on a periodic basis. You should conduct research and perform a thorough investigation as to the characteristics of any securities you intend to purchase. Fidelity is not recommending or endorsing this security by making it available to customers. As with all your investments through Fidelity, you must make your own determination whether an investment is appropriate for you. More details on Equity Summary Score calculation are included in the Understanding and Using the Equity Summary Score Methodology (PDF). There may also be analyst count variations for symbols with multiple share classes and ADRs. Due to the timing in receiving ratings changes into the Equity Summary Score model, the Equity Summary Score analyst count may lag the ratings count displayed by one or more days. There may be differences between the Equity Summary Score analyst count and the number of underlying analysts listed. вЂ The Equity Summary Score provided by Thomson Reuters StarMine is current as of the date specified. Further, the ESG analysis serves as a summary of behavioral events that contributed to the company's overall risk level. Individual company scores are then assigned as a percentile rank, ranging from 1 (worst ranked) to 100 (best) on the basis of these KeyMetricsВ® and then converted to the Red, Yellow or Green flag designation.Д¬ompany Reports: In addition to a company's overall risk rating, ESG reports also include an industry rating based on a comparison between the company's risk levels in each ESG component area relative to its industry peers. Further, unlike other models with evenly weighted metrics, we assign context-sensitive relative weightings to our key metrics, based on market, regional, ownership or sector differences. Specifically, these ratings reflect actual corporate behaviors rather than policies or affirmations of intent to adhere to best ESG practices. Unlike traditional ESG risk models, MSCI's rating methodology is designed to identify risks most likely to affect equity valuations. The ESG Ratings model is based on a carefully crafted and applied list of KeyMetricsВ® that result in an overall ESG concern level as expressed by Red (High Concern), Yellow (Average Concern), and Green (Low Concern) flags. These ratings provide an independent assessment of the sustainable investment value of public companies. Environmental, Social, and Governance (ESG) Flags: MSCI Ratings publishes Environmental, Social and Governance (ESG) ratings on over 6,000 companies worldwide.