Fremont had not always intended to peddle its funds through fee-only investment consultants and financial planners. Fremont's roots actually trace back to its serving as the investment manager for the pension plan of engineering firm Bechtel Corp.

In 1988, in response to the urging of former Bechtel employees, Fremont debuted its first retail mutual fund for those who wanted to leverage the manager's expertise and invest money outside Bechtel's retirement plan. Along the way, Fremont gradually added other 100% no-load mutual funds to its growing family, initially intending to distribute them directly to retail investors.

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