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Rating:Fido Slashes Fees on Four AMT-Free Funds Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, May 18, 2007

Fido Slashes Fees on Four AMT-Free Funds

by: Erin Kello

Fidelity Investments has lowered the fees on four funds in its stable of AMT-free money market funds, according to published reports. The Massachusetts and New York funds now sport a total expense ratio of 30 bps, representing a cut of 10 bps, while the total expense ratio for the California and New Jersey funds now stand at 35 bps, representing a decrease of 5 bps. In addition, Fidelity has created additional institutional share classes for the funds.  

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