Estimated Annual Income differs significantly on website vs. statements
Summary of User Report and Solutions:
- The main problem reported by the user, ShadowRegent, is a discrepancy in the Estimated Annual Income for international ETF positions, which appears to be 33% higher on the positions page compared to the statement.
- Fidelity is investigating the issue and will provide an update once they have more information.
- Fidelity explained that the discrepancy arises because the Positions page and the Statements use different external providers for calculating the Indicative Annualized Dividend (IAD) and the Actualized Income Dividend (AID).
- The team has acknowledged the feedback and is working to resolve these discrepancies to improve accuracy.
Here’s the full thread
I’ve noticed that the Estimated Annual Income on my positions page seem to be about 33% higher for international ETF positions than what appears on my statement. I see this with VXUS, VEU, VWO but do not see the problem with VTI and VOO. This has been consistent and doesn’t seem to be related to market fluctuations. I know it’s an estimate, but it seems like the website and statement are doing the calculation differently.
Thanks for reaching out! We’re researching this and will get back to you once we have an answer.
We appreciate your patience here, @ShadowRegent.
For the Positions page on Fidelity.com specifically, we calculate the Indicative Annualized Dividend (IAD) through our quote service that comes from an external provider and multiply that by the customer’s current share quantity of a given position. It is supported for stocks and ETFs.
On the other hand, the AID quotes for Statements are provided by a different third party which allows for the calculation of Estimated Annual Income (EAI) and estimated Yield (EY) for stocks, ADRs, ETPs, and Mutual Funds. More specifically, the EAI is calculated by multiplying the number of shares by the AID. The EY is calculated by dividing the EAI by the Market Value and multiplying by 100.
With that said, we appreciate the feedback and have passed it along to our development teams. We are striving to remove these types of discrepancies.
Please reach out to us again with any additional questions! 🟢