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AZ: Fidelity cuts 529 manager fee
(December 2, 2009) - The combined program management and administrative fees have been reduced in the Fidelity Arizona College Savings Plan from 0.30% to 0.15% for the planís index-fund portfolios and from 0.30% to 0.20% for the planís actively-managed portfolios. Total annualized asset-based expenses (inclusive of underlying fee expenses) now range from 0.25% to 0.35% in the index-fund portfolios and from 0.59% to 1.04% in the actively-managed portfolios.
In addition, Fidelity has announced plans to introduce new funds into its age-based portfolios and to increase exposure to international stocks within the equity portions of those portfolios.