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Author: mjs111 Big red star, 1000 posts Feste Award Nominee! Old School Fool Coverage Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25242  
Subject: Re: Managed at Fidelity Date: 7/30/2009 9:27 PM
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I would be surprised if you would be able to beat an S&P 500 Index fund with this. There are 40-ish funds here, each with many and overlapping holdings. You have essentially bought the index but are paying active management fees.

For that 0.99% do they waive the expense ratios of the funds that comprise this group? For example, OAKMX has a 1.1% expense ratio. Unless Fidelity is picking up the tab, you are actually paying out a 2% expense ratio on funds invested in that fund.

Mike
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