Hybrid and Preferred Ex-Financials Index
Designed to track the performance of convertible or exchangeable and non-convertible preferred securities, issued by U.S. or foreign issuers that are not financial services companies or banks and that are listed on U.S. national securities exchanges. The Index is composed of preferred stock and securities that, in Wells Fargos judgment, are functionally equivalent to preferred stock including, but not limited to, convertible securities, depositary preferred securities and perpetual subordinated debt. Preferred Securities included in the Index must be listed on a U.S. national securities exchange and issued by a U.S. or foreign entity that is not a financial services company, bank holding company or bank.
as of 9/25/2020 12:00:00 AM