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Tagged: 90 day fee, October, Short term trading

This topic has 1 reply, 2 voices, and was last updated 9 years, 4 months ago by USPFA Team.

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- October 6, 2014 at 6:36 pm #986
  
  Jason Klink
  Member
  
  I noticed that Fidelity Spartan Int'l Fund "FSPNX" (Listed in your October issue, USAirways 401k plan ) has an 89 day holding period or a short term trading fee is assessed. I thought we were avoiding funds with holding periods that long. Please advise me on this issue.
  
  Thanks,
  Jason
- December 18, 2014 at 4:07 pm #1041
  
  USPFA Team
  Member
  
  Good morning Jason -
  
  Sorry for the delay in getting back to you. The suggested trade was announced in the September newsletter and was just sold at this month when the holding period was over.
  
  Although we generally stay away from recommending funds that have a holding period with early redemption fees, when those funds are trending as the market leaders we evaluate each instance for the potential benefit. In this instance, the outlook for gains was greater than the possible need to get out of the fund early and only lose the 1% redemption fee.
  
  Regards
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