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New Fidelity Index Fund Symbols
Old 11-03-2018, 10:57 AM   #1
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New Fidelity Index Fund Symbols

Appears that Fidelity transferred several of my index fund holdings to new index fund names/symbols with lower expense ratios yesterday 11/2/18.


FBIDX -> FXNAX
FSEMX -> FSMAX
FUSVX -> FXAIX
FSIVX -> FSPSX


How does Fidelity, Vanguard, etc typically announce these types of changes ?
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Old 11-03-2018, 11:47 AM   #2
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Quote:
Originally Posted by rpguy4 View Post
Appears that Fidelity transferred several of my index fund holdings to new index fund names/symbols with lower expense ratios yesterday 11/2/18.


FBIDX -> FXNAX
FSEMX -> FSMAX
FUSVX -> FXAIX
FSIVX -> FSPSX


How does Fidelity, Vanguard, etc typically announce these types of changes ?
Same here with Fidelity.
I received an email from Fidelity that my "trade confirmation" was available.
What trade? So I checked it out and noticed the above for FUSVX and FSIVX.
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Old 11-03-2018, 12:05 PM   #3
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I got an email a week or so ago announcing this to me. They are consolidating funds which followed the same indexes but were charging different expense ratios. For me, they consolidated some total market index funds into FSKAX
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Old 11-03-2018, 12:46 PM   #4
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Originally Posted by fosterscik View Post
I got an email a week or so ago announcing this to me. They are consolidating funds which followed the same indexes but we charging different expense ratios. For me, they consolidated some total market index funds into FSKAX
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Old 11-03-2018, 01:44 PM   #5
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Quote:
Originally Posted by rpguy4 View Post
Appears that Fidelity transferred several of my index fund holdings to new index fund names/symbols with lower expense ratios yesterday 11/2/18.


FBIDX -> FXNAX
FSEMX -> FSMAX
FUSVX -> FXAIX
FSIVX -> FSPSX


How does Fidelity, Vanguard, etc typically announce these types of changes ?
I got a notice via email a month or two ago that merging the four fund classes was happening in Nov, and that the institutional premium index fund tickers would be used, and that it was a non taxable event.
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Old 11-03-2018, 02:51 PM   #6
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Thanks for the replies. I don't recall seeing anything on the Viewpoints newsletter, and or anything on my statements. I've sent an email to Fidelity's customer service asking how I can get notified in the future. I do have most of their notifications turned off in my profile though, maybe it's my own fault.
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Old 11-03-2018, 03:44 PM   #7
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Thanks for the replies. I don't recall seeing anything on the Viewpoints newsletter, and or anything on my statements. I've sent an email to Fidelity's customer service asking how I can get notified in the future. I do have most of their notifications turned off in my profile though, maybe it's my own fault.
Same here. Got two emails. The first was a couple of months ago when they lowered the e/r on most of their index funds. Then a few weeks ago they emailed that they were consilidating fund classes into a single ticker.

They're not done yet by the way. There's another round on Nov. 9th with more funds.
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Old 11-03-2018, 04:44 PM   #8
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When I launched Moneydance today I was excited to see my portfolio balance had increased by several million dollars overnight. MD had not yet updated the prices for the new funds so it used $100/share as the starting price. After the prices updated I was back to my expected balance.
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Old 11-03-2018, 06:17 PM   #9
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These aren’t new funds. They are existing funds. The ticker is from the old Institutional Premium Index fund which I suppose has dropped part of the old name.
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Old 11-03-2018, 07:08 PM   #10
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These aren’t new funds. They are existing funds. The ticker is from the old Institutional Premium Index fund which I suppose has dropped part of the old name.

Thanks audreyh1 for pointing that out. Most of the funds that I was transitioned too, were started in 2011,
according to Yahoo's fund profile information.
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Old 11-03-2018, 09:17 PM   #11
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I notice that not all Fidelity index funds merged today. Only 3 of my 5 merged to the new ticker.
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Old 11-03-2018, 10:00 PM   #12
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I notice that not all Fidelity index funds merged today. Only 3 of my 5 merged to the new ticker.
The next round happens on the 9th
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Old 11-03-2018, 10:17 PM   #13
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The next round happens on the 9th
Figured. They like to do things on Fridays.
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Old 11-03-2018, 10:30 PM   #14
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Figured. They like to do things on Fridays.
Gives them three days to straighten things out. Sometimes despite how simple a change is, Murphy shows up.

Great planning for their customers.
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Old 11-04-2018, 07:48 AM   #15
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+1
+2

Would've been nice to have those shares transferred to the 0% ER fund, but I think that was not feasible.
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Old 11-04-2018, 01:16 PM   #16
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+2

Would've been nice to have those shares transferred to the 0% ER fund, but I think that was not feasible.
Nope. The others were just different classes of the same fund. The zero funds are entirely different and track a different, but very similar, index.
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