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Fidelity Investments® Introduces New Investment Choices, Lowers Fees for 529 College Savings PlansFidelity Investments, one of the largest and most diversified global financial services firms with $7.8 trillion in total client assets and $2.8 trillion in managed assets, continues to deliver greater choice and value for investors in its 529 college savings plans with the launch of eight 529 Blend portfolios. Available to investors on October 3, 2019, the new portfolios combine active and index investments. Fidelity also announced it is trimming fees on 15 of its 22 college savings plan portfolios. "Saving for education costs is one of the largest financial challenges many families face. At Fidelity, we continue to look for new ways to provide investors with a broad range of innovative investment choices and exceptional value to help them meet their financial goals," said Eric Kaplan, head of Target (News - Alert)-Date and 529 Product at Fidelity Investments. "We designed the Fidelity Blend 529 portfolios to combine the advantages of active management with the lower cost of index investing. Additionally, we're lowering fees on the majority of our 529 portfolios because we're committed to do even more to help those who choose to invest their college savings with us."
Fidelity 529 Blend Age-Based Portfolios
Fees Lowered on Majority of Fidelity 529 Plan Portfolios
The pricing changes are shown in the tables below (in percentages). Fidelity's Age-Based 529 Portfolios:
Static Portfolios:
[Note: Previous pricing indicates pricing before October 1, 2019. New pricing takes effect October 1, 2019.] ______________________ *Expected savings is calculated by applying the lower expense ratios to the affected portfolios and totaling the difference based on assets of those portfolios as of 8/31/19.
Ongoing Commitment to Choice and Value
About Fidelity 529 Plan Portfolios
Fidelity is dedicated to remaining at the forefront of 529 plan design and innovation with new investment choices that benefit from the firm's extraordinary breadth and depth of investment experience and expertise. In aggregate, Fidelity manages over $25 billion in 529 plan assets sponsored by the states of Arizona, Delaware, Massachusetts, and New Hampshire. About Fidelity Investments Fidelity's mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.7 trillion, including managed assets of $2.8 trillion as of August 31, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 30 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients' money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. Past performance is no guarantee of future results. The UNIQUE College Investing Plan, U.Fund College Investing Plan, Delaware College Investment Plan, and Fidelity Arizona College Savings Plan are offered by the state of New Hampshire, MEFA, the state of Delaware, and the Arizona Commission for Postsecondary Education, respectively, and managed by Fidelity Investments. If you or the designated beneficiary is not a New Hampshire, Massachusetts, Delaware, or Arizona resident, you may want to consider, before investing, whether your state or the beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors. Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation. Please carefully consider the plan's investment objectives, risks, charges, and expenses before investing. For this and other information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free Fact Kit, or view one online. Read it carefully before you invest or send money.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
Fidelity Investments Institutional Services Company, Inc.,
National Financial Services LLC, Member NYSE, SIPC,
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