Effective September 1, the minimum initial investment requirement for the U.S Bond Index Fund will be reduced to $10,000 from $100,000. In addition, the fund's expense cap of 0.32% will be fixed at that level contractually, which means expenses cannot be raised without a vote of the fund's board of trustees.
Fidelity also said that, effective today, it is rebranding a number of its "Spartan" money market and bond funds with the "Fidelity" name, and standardizing the minimum investments for the money market portfolios at $25,000
*The Minimum Initial Investment on the following five funds is lowered to $25,000 from $100,000:
| Former Name | New Name |
| Fidelity Spartan Municipal Money Fund (FIMXX) | Fidelity AMT Tax-Free Money Fund |
| Fidelity Spartan California Municipal Money Market Fund (FSPXX) | Fidelity California AMT Tax-Free Money Market Fund |
| Fidelity Spartan Massachusetts Municipal Money Market Fund (FMSXX) | Fidelity Massachusetts AMT Tax-Free Money Market Fund |
| Fidelity Spartan New Jersey Municipal Money Market Fund (FSJXX) | Fidelity New Jersey AMT Tax-Free Money Market Fund |
| Fidelity Spartan New York Municipal Money Market Fund (FSNXX) | Fidelity New York AMT Tax-Free Money Market Fund |
*The Minimum Initial Investment on the following three funds is raised to $25,000 from $20,000:
| Fidelity Spartan Money Market Fund (SPRXX) | Fidelity Money Market Fund |
| Fidelity Spartan U.S. Treasury Money Market Fund (FDLXX) | Fidelity U.S. Treasury Money Market Fund |
| Fidelity Spartan U.S. Government Money Market Fund (SPAXX) | Fidelity Government Money Market Fund |
*The Minimum Initial Investment on the following sixteen funds remains unchanged at $10,000, except Fidelity Tax-Free Bond Fund, which is at $25,000.
| Fidelity Spartan Arizona Municipal Income Fund (FSAZX) | Fidelity Arizona Municipal Income Fund | |
| Fidelity Spartan California Municipal Income Fund (FCTFX) | Fidelity California Municipal Income Fund | |
| Fidelity Spartan Connecticut Municipal Income Fund (FICNX) | Fidelity Connecticut Municipal Income Fund | |
| Fidelity Spartan Florida Municipal Income Fund (FFLIX) | Fidelity Florida Municipal Income Fund | |
| Fidelity Spartan Maryland Municipal Income Fund (SMDMX) | Fidelity Maryland Municipal Income Fund | |
| Fidelity Spartan Massachusetts Municipal Income Fund (FDMMX) | Fidelity Massachusetts Municipal Income Fund | |
| Fidelity Spartan Michigan Municipal Income Fund (FMHTX) | Fidelity Michigan Municipal Income Fund | |
| Fidelity Spartan Minnesota Municipal Income Fund (FIMIX) | Fidelity Minnesota Municipal Income Fund | |
| Fidelity Spartan New Jersey Municipal Income Fund (FNJHX) | Fidelity New Jersey Municipal Income Fund | |
| Fidelity Spartan New York Municipal Income Fund (FTFMX) | Fidelity New York Municipal Income Fund | |
| Fidelity Spartan Ohio Municipal Income Fund (FOHFX) | Fidelity Ohio Municipal Income Fund | |
| Fidelity Spartan Pennsylvania Municipal Income Fund (FPXTX) | Fidelity Pennsylvania Municipal Income Fund | |
| Fidelity Spartan Short-Intermediate Municipal Income Fund (FSTFX) | Fidelity Short-Intermediate Municipal Income Fund | |
| Fidelity Spartan Intermediate Municipal Income Fund (FLTMX) | Fidelity Intermediate Municipal Income Fund | |
| Fidelity Spartan Municipal Income Fund (FHIGX) | Fidelity Municipal Income Fund | |
| Fidelity Spartan Tax-Free Bond Fund (FTABX) | Fidelity Tax-Free Bond Fund |
Contact Bob Keane with questions or comments at: bkeane@investmentadvisor.com.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.