Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf. The subject line of the e-mail you send will be "Fidelity.com: " Fidelity Investments® Significantly Expands Spartan® Equity Index Line-Up With Five New FundsAlso Adds Low-Cost Institutional Share Classes to Three Existing Index FundsBOSTON -- Fidelity Investments®, a leading global asset management firm, today announced it significantly expanded its Spartan® equity index mutual fund line-up with the launch of five new low-cost fundsi : Spartan Emerging Markets Index Fund, Spartan Global ex U.S. Index Fund, Spartan Mid Cap Index Fund, Spartan Real Estate Index Fund and Spartan Small Cap Index Fund. Each new fund will be offered with multiple share classes at very competitive prices.With the launch of its five new funds, Fidelity now offers investors and retirement plan sponsors access to 13 equity and bond Spartan index funds across the major investment categories, with total assets under management of more than $80 billion.ii Fidelity also added low-cost institutional share classes to three existing Spartan Index Funds: Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund. This is in addition to the new low-cost institutional share classes launched in May 2011 for the Spartan 500 Index Fund and Spartan U.S. Bond Index Fund. “As the nation’s No. 1 provider of workplace retirement savings plans and individual retirement accountsiii, Fidelity has had a longstanding focus on offering investors a wide variety of both passive and actively-managed funds to help them build well-balanced portfolios that meet their financial goals,” said John McNichols, senior vice president of Investment Product Management at Fidelity Investments. “With these new competitively priced funds, we’re broadening our index fund line-up and adding to the list of products we can offer investors, the financial advisors they may work with as well as our retirement plan clients and their participants.” New Equity Index Funds Broaden Investment Categories Seeking to provide investment results that correspond to the performance of their respective market benchmarks, the five new equity index funds are: • Spartan Emerging Markets Index Fund seeks to provide investment results that correspond to the total return of emerging stock markets, as represented by the FTSE® Emerging Index.1 • Spartan Global ex U.S. Index Fund seeks to provide investment results that correspond to the total return of foreign developed and emerging stock markets, as represented by the MSCI ACWI (All Country World Index) ex USA Index.2 • Spartan Mid Cap Index Fund seeks to provide investment results that correspond to the total return of stocks of mid-capitalization United States companies, as represented by the Russell Midcap® Index.3 • Spartan Real Estate Index Fund seeks to provide investment results that correspond to the total return of equity REITs and other real estate-related investments, as represented by the Dow Jones U.S. Select Real Estate Securities IndexSM.4 • Spartan Small Cap Index Fund seeks to provide investment results that correspond to the total return of stocks of small capitalization United States companies, as represented by the Russell 2000® Index.5 Competitive Pricing and Various Share Classes Benefit Plan Sponsors In order to ensure appropriate investment options for both retail investors and plan sponsors and their participants, each new fund is offered with multiple share classes at very competitive prices. The Investor class and Fidelity Advantage® class are available to retail investors and also may be available through certain retirement plans. The Institutional class and Fidelity Advantage Institutional class are available exclusively to employer-sponsored retirement plans recordkept by Fidelity Workplace Investing. The new funds and the corresponding share classes are: ![]() Institutional Share Classes Added to Three Existing Spartan Index Funds Fidelity also added low-cost institutional share classes to three existing funds: Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund. Adding the institutional share classes creates even lower-fee index fund alternatives for Fidelity plan sponsor clients and their participants. The new institutional share classes on the existing equity index funds are: ![]() “The new competitively priced Spartan Index Funds and institutional share classes are part of our broader strategy to offer our clients a more robust fund line-up and even lower fee index fund alternatives,” said McNichols. About Fidelity Investments Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.4 trillion, including managed assets of more than $1.5 trillion, as of August 31, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com. iGeode Capital Management, LLC, the sub-adviser to Fidelity’s existing equity index funds, will serve as sub-adviser for the new funds and manage the funds. |
Mutual Funds | ETFs | Fixed Income | Bonds | CDs | Stock Research | Online Trading
Annuities | Term Life Insurance | 529 Plans | IRAs | Retirement Planning
Terms of Use | Privacy | Security | Site Map
Copyright 1998–2012 FMR LLC. All rights reserved.