"That isn't much, but given that Fidelity is already collecting fees on the underlying funds, and the fact that its two largest no-load competitors are doing fine without the fee, it's tough to justify," Kunal Kapoor, director of research at
The Freedom funds are part of a trend to capture assets by focusing on investors' investment horizon and risk tolerance. Fidelity has led the pack in such "life cycle" funds, with a third of the market share at the end of 2004, according to
However, unlike other low-cost competitors
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.