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Changes to Fidelity’s own Funds - conversions / charges / unit registration
We have been moving customers onto a new administration system so that we can extend our range of products and services. To be in a position to do this, we need to ensure that we administer Fidelity-managed funds in the same way as non-Fidelity funds, and in line with the industry standard. To ensure that investment charges are easy to understand, Fidelity Adviser Solutions and all similar companies have introduced new ‘clean’ share classes of funds. This means that our Service Fee will be separate from any charges on investments themselves.