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Does Fidelity Investments® charge a short-term redemption fee on Fidelity Select fund investments?

April 26, 2017charge fee Fidelity fund investments redemption select short-term

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Does Fidelity Investments® charge a short-term redemption fee on Fidelity Select fund investments?

1 Answer

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Investments in Fidelity Select funds need to be held for at least 30 days to avoid the 0.75% short-term redemption fee. The AlphaProfit model portfolios are generally repositioned once every 6 months and the short-term redemption fee is therefore less of an issue. Additionally, to help subscribers avoid the short-term redemption fee, we consider the timing of upcoming model portfolio repositioning changes in assigning the AlphaProfit Sector Portfolio Indicator reading.