Oct. Newsletter

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    • #986
      Jason Klink

      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.


    • #1041
      USPFA Team

      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.


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