Effective 10/1/06, Fidelity
Investments Inc. will be imposing
the following restrictions on trading
their Select funds:
Shareholders with two or more
roundtrip transactions in a single
fund within a rolling 90-day period
will be blocked from making additional
purchases or exchange purchases of
the fund for 85 days. Shareholders
with four or more roundtrips transactions
across all Fidelity funds within any
rolling 12-month period will be blocked
for 85 days from additional purchases
or exchange purchases across all Fidelity
funds. Any roundtrip within 12 months
of the expiration of a multi-fund block
will initiate another multi-fund block
for an 85-day period.
Because of this restrictive
policy, it has become necessary
for Fidelity Timer to change fund families
in order to profitably implement it's
investment system. Fidelity Timer
will now be operating under the
name of Dynamic-Investing C. Please
go to www.Dynamic-Investing.com for
further details. |