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Fund changing classes from Investor to Institutional

Discussion in 'Business, Careers & Education' started by Cary Grant, Aug 17, 2011.

  1. Cary Grant

    Cary Grant Senior member

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    I have a fund in my 403b (Fidelity) that will be changing in September from Investor Class to Institutional. I understand the differences, generally, between the classes and Fidelity's statement says the only material change will be in the expenses being lowered:

    "...the share class of one investment option offered through the ------ Retirement Plan will change
    from Investor Class to Institutional Class shares. As a result of this change, the Fund Code, Ticker
    Symbol, Expense Ratio, and Expense Information will change. The new share class will offer you the
    same investment strategy and risk but the overall expenses will be lower."

    The expense ratio is lowering from 0.1 to 0.05.

    Is there anything else I should be aware of/concerned about?
     
  2. boo

    boo Senior member

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    Aside from being in a Fidelity fund in the first place, you have nothing to worry about.
     
  3. Cary Grant

    Cary Grant Senior member

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    Ha! _ yeah... certain limits to my 403...
     
    Last edited: Aug 21, 2011

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