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Fidelity Global Balanced Fund to close to new investors

TheShadowTheShadow
in Fund Discussions
https://www.sec.gov/Archives/edgar/data/354046/000137949117005298/filing694.htm

497 1 filing694.htm PRIMARY DOCUMENT

Supplement to the
Fidelity® Global Balanced Fund
December 30, 2016
Prospectus


Effective the close of business on August 11, 2017, new positions in the fund may no longer be opened. Shareholders of the fund on that date may continue to add to their fund positions existing on that date. Investors who did not own shares of the fund on August 11, 2017, generally will not be allowed to buy shares of the fund except that new fund positions may be opened: 1) by participants in most group employer retirement plans (and their successor plans) if the fund had been established (or was in the process of being established) as an investment option under the plans (or under another plan sponsored by the same employer) by August 11, 2017, 2) by participants in a 401(a) plan covered by a master record keeping services agreement between Fidelity and a national federation of employers that included the fund as a core investment option by August 11, 2017, 3) for accounts managed on a discretionary basis by certain registered investment advisers that have discretionary assets of at least $500 million invested in mutual funds and have included the fund in their discretionary account program since August 11, 2017, 4) by a mutual fund or a qualified tuition program for which FMR or an affiliate serves as investment manager, 5) by a portfolio manager of the fund, and 6) by a fee deferral plan offered to trustees of certain Fidelity funds, if the fund is an investment option under the plan. These restrictions generally will apply to investments made directly with Fidelity and investments made through intermediaries. Investors may be required to demonstrate eligibility to buy shares of the fund before an investment is accepted.


GBL-17-02
1.855563.122 August 1, 2017

Comments

  • carew388carew388
    Open 24 years with less than 500 million AUM and mediocre performance. Maybe Fidelity is getting ready to merge this fund into another global or international fund.
  • BrianW
    I didn't know Fidelity ever closed funds.
  • carew388carew388
    The only funds I can remember Fidelity closing were 2-3 small cap value funds and Fidelity Growth Company fund.
  • TheShadowTheShadow
    Magellan was closed at one time also.
  • msf
    Various Fidelity funds have been closed from time to time. I don't have a good way to find them, but if you've got a guess, you can go to the "Composition" tab on Fidelity's web site and look near the bottom of the page for "Historical Fund Information".

    For example, Low Priced (FLPSX) has been closed five times:

    3/6/92 - 5/29/92
    2/9/93 - 9/19/93
    4/3/98 - 3/16/99
    5/18/02 - 11/18/02
    12/31/03 - 12/15/08

    Obviously the last one was the most significant, and it took the great recession to get Fidelity to reopen it.

    I also recall New Millennium (FMILX) closing. Fidelity confirms: closed 5/15/96 - 5/1/07
  • BrianW
    I've been proven wrong (yet again). :-)
  • TheShadowTheShadow
    edited August 2017
    As a side note, the various classes are also affected:

    https://www.sec.gov/Archives/edgar/data/354046/000035404617000011/agbl_sup.htm
  • David_Snowball
    For what interest it holds, I've reached out to Fidelity with this very question. I'll let you know what I (don't?) hear.

    David
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