BOSTON (AP) - Fidelity Investments is trimming fees at its largest index
mutual funds, a move that follows recent investment fee cuts at several
Fidelity on Tuesday also said it is expanding access to its lowest-cost
shares available at 22 index funds. The minimum dollar amounts needed to invest
in the funds are being reduced so more investors can qualify for the lowest fee
The moves affect funds holding about $100 billion in assets, out of about
$1.6 billion that the Boston-based company manages overall. These involve index
funds, low-cost options that seek to match market performance. Fees are
unchanged at Fidelity's actively managed funds, which seek to beat the market.
The largest fund where fees are being cut is Fidelity's $49 billion Spartan
500 Index Fund.