Do you mean the short-term redemption fee?

That one percent is penalty--if you buy it, and then sell it in 60 days ( check the short-term redemption definition, each fund is different. Some is 90 days, some is 30 days.), you will have to pay the 1% penalty. There is a managing fee, 0.73% annually. You would not see the charge directly from your account. It is taken from the profit.

As far as I know, when you buy/sell a fidelity fund, the price is decided as following: Before 2:00PM, eastern time, the price is the same day. After that, it is the next business day price. That's why MF is not real-time trade. ONly ETFs are real-time trage. 

所有跟帖： 

• Expense Ratio 0.81% ：Do you mean the short-term redemption fee? -pinklemontea- ♀ (1416 bytes) () 05/04/2011 postreply 13:51:06

• Expense Ratio 0.81% is the managing fee. -Morning3evening4- ♂ (319 bytes) () 05/04/2011 postreply 18:53:17

• Got it. Thank you for your double check.currently I didn't know -pinklemontea- ♀ (175 bytes) () 05/04/2011 postreply 21:53:46

• You may want to read this article since you are considering targ -Morning3evening4- ♂ (84 bytes) () 05/04/2011 postreply 19:30:37

• Thank you a lot. You are the person to guide me to enter the doo -pinklemontea- ♀ (0 bytes) () 05/04/2011 postreply 21:51:34