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Fidelity Series Small Cap Discovery Fund in registration
It seems Fidelity is being a bit duplicitous - closing Fidelity Small Cap Discovery FSCRX, managed by Charles Meyers, just to open a feeder fund (fund for Fidelity's other funds to invest in) with virtually the same prospectus, same manager (so much for his being overworked), same expense ratio.
There is one difference - the new (clone) fund doesn't have any restrictions on rapid trading, unlike the retail version.
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There is one difference - the new (clone) fund doesn't have any restrictions on rapid trading, unlike the retail version.