MutualFundWire.com: Fidelity Tweaks Spartan Funds
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Tuesday, August 16, 2005

Fidelity Tweaks Spartan Funds


Fidelity Investments has announced a swath of changes to Spartan-branded bond and money market lineup, including lower fees and minimum investments and name changes.

Fidelity is lowering the minimum investments on five of its Spartan municipal money market fund series from $100,000 to $25,000, and swapping the "Spartan Municipal Money" from each fund's name for "Fidelity AMT Tax-Free Money" to bring the funds in line with management's goal to reduce alternative minimum taxes for investors.

The funds will change from:

Spartan Municipal Money Fund to Fidelity AMT Tax-Free Money Fund
Spartan California Municipal Money Market Fund to Fidelity California AMT Tax-Free Money Market Fund
Spartan Massachusetts Municipal Money Market Fund to Fidelity Massachusetts AMT Tax-Free Money Market Fund
Spartan New Jersey Municipal Money Market Fund to Fidelity New Jersey AMT Tax-Free Money Market Fund
Spartan New York Municipal Money Market Fund to Fidelity New York AMT Tax-Free Money Market Fund

On the taxable money market side, three of Fidelity's Spartan money market funds will adopt new names and increase minimum investments from $20,000 to $25,000:

The funds will change from:

The Spartan Money Market Fund to Fidelity Money Market Fund
Spartan U.S. Treasury Money Market Fund to Fidelity U.S. Treasury Money Market Fund
Spartan U.S. Government Money Market Fund to Fidelity Government Money Market Fund

Sixteen of Fidelity's tax-free municipal bond funds will also do away with the Spartan name. Their names will change from:

Spartan Arizona Municipal Income Fund to Fidelity Arizona Municipal Income Fund
Spartan California Municipal Income Fund to Fidelity California Municipal Income Fund
Spartan Connecticut Municipal Income Fund to Fidelity Connecticut Municipal Income Fund
Spartan Florida Municipal Income Fund to Fidelity Florida Municipal Income Fund
Spartan Maryland Municipal Income Fund to Fidelity Maryland Municipal Income Fund
Spartan Massachusetts Municipal Income Fund to Fidelity Massachusetts Municipal Income Fund
Spartan Michigan Municipal Income Fund to Fidelity Michigan Municipal Income Fund
Spartan Minnesota Municipal Income Fund to Fidelity Minnesota Municipal Income Fund
Spartan New Jersey Municipal Income Fund to Fidelity New Jersey Municipal Income Fund
Spartan New York Municipal Income Fund to Fidelity New York Municipal Income Fund
Spartan Ohio Municipal Income Fund to Fidelity Ohio Municipal Income Fund
Spartan Pennsylvania Municipal Income Fund to Fidelity Pennsylvania Municipal Income Fund
Spartan Short-Intermediate Municipal Income Fund to Fidelity Short-Intermediate Municipal Income Fund
Spartan Intermediate Municipal Income Fund to Fidelity Intermediate Municipal Income Fund
Spartan Municipal Income Fund to Fidelity Municipal Income Fund
Spartan Tax-Free Bond Fund to Fidelity Tax-Free Bond Fund



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