Difference between revisions of "User:Lexor/Fidelity"

Fidelity Investments Inc
Founded	1946; 74 years ago (as Fidelity Management & Research)
Headquarters	Boston, Massachusetts, U.S.; with regional offices in; United States:; Boston, Massachusetts; Merrimack, New Hampshire; Smithfield, Rhode Island; Westlake, Texas; Covington, Kentucky; Durham, North Carolina; Albuquerque, New Mexico; Cincinnati, Ohio; Salt Lake City, Utah; Jacksonville, Florida; Greenwood Village, Colorado; and American Fork, Utah; Canada:; Toronto, Montreal, Calgary and Vancouver; Europe:; Dublin, Galway; Asia / Pacific:; Hong Kong, Tokyo, Mumbai;
Products	Mutual funds ; Brokerage services ; 529 plans ; Health Savings Account (HSA) ; ABLE plans ; Credit cards ; Collective Investment Trusts ; Annuity subaccounts;
Revenue	US$18.2 billion
AUM	US$2.46 trillion
Total assets	US$6.7 trillion (total customer assets)
Employees	50,000+

Revision as of 14:27, 14 February 2020

Fidelity Investments Inc is a Boston-based mutual fund and financial services company and Vanguard's biggest competitor.

 "It's what I would do if I were Fidelity...I don't see that there is a really good competitive response...a winning response (for Vanguard)." -Jack Bogle, October 2018 on Fidelity ZERO cost index funds ^[1]

In recent years Fidelity has been notable for offering the lowest cost mutual funds, the first and only zero expense ratio index funds, commission free ETFs, no investment minimums and one of the first brokers to offer partial share investing. Fidelity was also one of the first brokers to combine its Institutional Premium class funds with Retail class funds and did so more completely than competitors like Vanguard. This resulted in individual investors having access to funds with extremely low expense ratios, well below what is available to individual investors at Vanguard, even compared to the $3,000-minimum Admiral Class shares.

Boglehead-style investing at Fidelity

The building blocks of Boglehead-style investing are low-expense-ratio index mutual funds and/or ETFs. Fidelity offers the lowest cost index funds in the industry including 4 zero cost index funds and commission free ETFs.

Boglehead philosophy leverages low cost broad index funds. Fidelity has the lowest cost broad market index funds while Vanguard offers more narrow index funds and ETFs at higher costs (although not as many as Blackrock's iShares).

Here are some notes on how to do Boglehead style investing at Fidelity. Writers have striven for accuracy, but investors should verify information before taking action. Fidelity also provides a comparison of its funds to Vanguard.

Tools for Boglehead-style investing

Fidelity offers the lowest expense ratios in the industry, well below Vanguard ^[2]
Fidelity funds have higher tracking precision to their benchmarks than Vanguard funds (lower tracking error) ^[3]
Fidelity offers 4 ZERO Index Funds with a 0.00% expense ratio, the Fidelity ZERO Total Market Index Fund and the Fidelity ZERO International Index Fund, Fidelity Large Cap ZERO Index Fund and Fidelity Extended Market ZERO Index Fund. These funds track proprietary Fidelity indexes.^[4]
Fidelity offers commission free trades on individual stocks and ETFs
Fidelity eliminated the minimum investment requirement on all its mutual funds and allows partial share investing of ETFs and stocks
Fidelity no longer lists a charge for short-term sales of its funds; however, all ETF sales are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal.)
Fidelity offers individual treasury bonds (both nominal and TIPS) at auction free of commission or any markup or fees if you place your orders online. There is no limit on account size. No separate account is needed. The minimum purchase is $1,000.

General Strategy for Boglehead-style investing

In tax exempt accounts hold Fidelity index funds.
In taxable accounts hold ETFs from iShares, Schwab, State Street or Vanguard and leverage Fidelity's partial share investing capability, which allows you to invest by dollar amount rather than number of shares. ^[5]

Index Funds

This table shows the rough correspondence between Fidelity, Vanguard and Schwab mutual funds. The lowest expense ratios are in bold. In many cases they track different indexes so they are not precisely equivalent, however they are very similar. Bond funds have different durations and therefore interest risk. Other tickers can be found in the appendix to the press release.

Fund Class	Fund Name	Ticker	ER	Index Tracked
US Stocks
Total US Stock Market	Fidelity ZERO Total Market Index Fund	FZROX	0.00%	Fidelity U.S. Total Investable Market Index
	Fidelity Total Market Index Fund	FSKAX	0.015%	Dow Jones US Total Stock Market Index
	iShares Core S&P Total U.S. Stock Market ETF	ITOT	0.03%	S&P Total Market Index
	Schwab Total Stock Market Index Fund	SWTSX	0.03%	Dow Jones U.S. Total Stock Market Index
	Vanguard Total Stock Market Index Fund	VTSAX	0.04%	CRSP Total Market Index
S&P 500	Fidelity 500 Index Fund	FXAIX	0.015%	S&P 500
	Schwab 500 Index Fund	SWPPX	0.02%	S&P 550
	Vanguard 500 Index Fund	VFIAX	0.04%	S&P 500
	iShares Core S&P 500 ETF	IVV	0.04%	S&P 500
Extended Market	Fidelity Zero Extended Market Index Fund	FZIPX	0.00%	Fidelity U.S. Extended Investable Market Index
	Fidelity Extended Market Index Fund	FSMAX	0.045%	Dow Jones U.S. Completion Total Stock Market Index ^[6]
	Vanguard Extended Market Index Fund	VEXAX	0.08%	S&P Completion Index
Mid Cap	Fidelity Mid Cap Index Fund	FSMDX	0.025%	Russell Mid Cap Index
	Schwab US Mid Cap Index Fund	SWMCX	0.04%	Russell Mid Cap Index
	Vanguard Mid Cap Index Fund	VIMAX	0.05%	CRSP US Mid Cap Index
	iShares Core S&P Mid-Cap ETF	IJH	0.07%	S&P MidCap 400 Index
Small Cap	Fidelity Small Cap Index Fund	FSSNX	0.025%	Russell 2000 Index
	Schwab US Small Cap Index Fund	SWSSX	0.04%	Russell 2000 Index
	Vanguard Small Cap Index Fund	VSMAX	0.05%	CRSP US Small Cap Index Index ^[7]
	iShares Core S&P Small-Cap ETF	IJR	0.07%	S&P SmallCap 600 Index
Real Estate	Fidelity Real Estate Index Fund	FSRNX	0.07%	Dow Jones U.S. Select Real Estate Securities Index
	Fidelity MSCI Real Estate Index ETF	FREL	0.084%	MSCI USA IMI Real Estate Index
	Schwab U.S. REIT ETF	SCHH	0.07%	Dow Jones U.S. Select REIT Index
	iShares Core U.S. REIT ETF	USRT	0.08%	FTSE NAREIT Equity REITS Index
	Vanguard Real Estate Index Fund	VGSLX	0.12%	MSCI US Investable Market Real Estate 25/50 Index
International Stocks
Total International Stock Market	Fidelity ZERO International Index Fund	FZILX	0.00%	Fidelity Global ex US Index (excludes small caps)
	Fidelity Total International Index Fund	FTIHX	0.06%	MSCI ACWI ex USA IMI Index
	iShares Core MSCI Total International Stock ETF	IXUS	0.10%	MSCI ACWI ex USA IMI Index
	Vanguard Total International Stock Index	VTIAX	0.11%	FTSE Global All Cap ex US Index
Developed Markets ^{[note 1]}	Fidelity International Index Fund	FSPSX	0.045%	MSCI EAFE Index (excludes small caps)
	iShares Core MSCI International Developed Markets ETF	IDEV	0.05%	MSCI WORLD ex USA IMI Index
	Schwab International Stock Index Fund	SWISX	0.06%	MSCI EAFE Index
	Vanguard Developed Markets Index Fund	VTMGX	0.07%	FTSE Developed All Cap ex US Index
	iShares Core MSCI EAFE	IEFA	0.08%	MSCI EAFE IMI Index
Emerging Markets	Fidelity Emerging Markets Index Fund	FPADX	0.08%	MSCI Emerging Markets Index (excludes small caps)
	Schwab Emerging Markets ETF	SCHE	0.13%	FTSE Emerging Index
	Vanguard Emerging Markets Index Fund	VEMAX	0.14%	FTSE Emerging Markets All Cap China A Inclusion Index
	iShares Core MSCI Emerging Markets	IEMG	0.14%	MSCI Emerging Markets IMI Index
US Bonds
Short-Term Treasury	Fidelity Short-Term Treasury Bond Index Fund	FUMBX	0.03%	Bloomberg Barclays 1-5 Year U.S. Treasury Index
	Schwab Short-Term Treasury ETF	SCHO	0.05%	Bloomberg Barclays US Treasury 1-3 Year Inde
	Vanguard Short-Term Treasury Index Fund	VSBSX	0.07%	Bloomberg Barclays US Treasury 1–3 Year Bond Index
	iShares 1-3 Year Treasury Bond ETF	SHY	0.15%	ICE U.S. Treasury 1-3 Year Bond Index
Intermediate-Term Treasury	Fidelity Intermediate Treasury Bond Index Fund	FUAMX	0.03%	Bloomberg Barclays 5-10 Year U.S. Treasury Bond Index
	Schwab Intermediate-Term Treasury ETF	SCHR	0.05%	Bloomberg Barclays US Treasury 3-10 Year Index
	Vanguard Intermediate-Term Treasury Index Fund	VSIGX	0.07%	Bloomberg Barclays US Treasury 3–10 Year Bond Index
	iShares 3-7 Year Treasury Bond ETF	IEI	0.15%	ICE U.S. Treasury 3-7 Year Bond Index
iShares 7-10 Year Treasury Bond ETF	IEF	0.15%	ICE U.S. Treasury 7-10 Year Bond Index
TIPS	Fidelity Inflation-Protected Bond Index Fund	FIPDX	0.05%	Bloomberg Barclays U.S. TIPS Index
	Schwab U.S. TIPS ETF	SCHP	0.05%	Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)
	Vanguard Inflation Protected Securities Fund	VAIPX	0.10% ^{[note 2]}	Not an index fund
iShares TIPS Bond ETF	TIP	0.20%	Bloomberg Barclays U.S. TIPS Index
Long-Term Treasury	Fidelity Long-Term Treasury Bond Index Fund	FNBGX	0.03%	Bloomberg Barclays US Long Treasury Bond Index
	Vanguard Long-Term Treasury Index Fund	VLGSX	0.03%	Bloomberg Barclays U.S. Long Treasury Index
	Schwab Long-Term U.S. Treasury ETF	SCHQ	0.05%	Bloomberg Barclays US Long Treasury Index
iShares 20+ Year Treasury Bond ETF	TLT	0.15%	ICE U.S. Treasury 20+ Year Bond Index
Aggregate Bond	Fidelity U.S. Bond Index Fund	FXNAX	0.025%	Bloomberg Barclays U.S. Aggregate Bond Index
	Schwab U.S. Aggregate Bond Index Fund	SWAGX	0.04%	Bloomberg Barclays US Aggregate Bond Index
	Vanguard Total Bond Market Index Fund	VBTLX	0.05%	Bloomberg Barclays U.S. Aggregate Float Adjusted Index
	iShares Core U.S. Aggregate Bond ETF	AGG	0.05%	Bloomberg Barclays US Aggregate Bond Index
International Bonds
ex-US Aggregate Bond	Fidelity International Bond Index Fund	FBIIX	0.06%	Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Diversified Index (USD Hedged)
	iShares Core International Aggregate Bond ETF	IAGG	0.09%	Bloomberg Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index
	Vanguard Total International Bond Index Fund	VTABX	0.11%	Bloomberg Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged)
Balanced Funds
Target-date funds	Fidelity Freedom® Index Funds	Various	0.12%
	Schwab Target Funds	Various	0.08%
	Vanguard Target Retirement Funds	Various	0.13% - 0.15%
Fixed allocation funds	Fidelity Four-in-One Index Fund	FFNOX	0.11%	85/15 index fund
	Vanguard LifeStrategy	VASIX, VSCGX, VSMGX, VASGX	0.11% - 0.14%	20/80 to 80/20 allocations
	iShares Core Allocation ETFs	AOK, AOM, AOR, AOA	0.25%	30/70 to 80/20 allocations

↑ FTSE classifies Korea as a developed market, while MSCI classifies it as emerging. Canada is not included in EAFE indexes.
↑ Admiral Shares class fund has a $50,000 minimum investment. Investor-class fund VIPSX has a 0.20% ER and a $3,000 minimum

ETFs at Fidelity

This table shows the rough correspondence between Blackrock, Schwab ETFs, StateStreet and Vanguard that can be purchased commission free at Fidelity. In many cases they track different indexes so they are not precisely equivalent, however they are very similar. The lowest expense ratios are in bold, but keep in mind the importance of tax efficiency in a taxable account.^{[Note 1]} ITOT followed by VTI are two of the most tax efficient funds you can hold in your taxable account.

TODO - Table of ETFs

HSA and ABLE Accounts

In these products - which are often abused with extremely high expenses - Fidelity has arguably the most compelling offering in the industry. You can use low cost Fidelity index funds in your HSA and ABLE accounts and Fidelity does not charge any additional fees.^[8]^[9]

Notes

↑ The fiscal year history of per share dividend and capital gains distributions from Fidelity, Vanguard, and Schwab index funds are available on spreadsheets published on the site blog. See Vanguard funds: per share distributions and Fidelity and Schwab index funds: per share distributions.

References

↑ "Bogleheads 2018 Jack Bogle & Bill Bernstein Fireside Chat". Vimeo. 2018. https://vimeo.com/channels/bogleheads/293765659.
↑ "Investing Ideas/Index Funds". Fidelity. https://www.fidelity.com/mutual-funds/investing-ideas/index-funds.
↑ Chong Li; Edward Tower; Rhona Zhang (March 26, 2019). "Vanguard versus Fidelity: Multidimensional Comparison of the Index Funds and ETFs of the Two Largest Mutual Fund Families". Economic Research Initiatives at Duke (ERID) Working Paper No. 283 (2019). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3361263., available at SSRN.
↑ "Index methodology". Fidelity. https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/mutual-funds/Fidelity_mkt_cap_weighted_methodology.pdf.
↑ "Trading/Fractional Shares". Fidelity. https://www.fidelity.com/trading/fractional-shares.
↑ See, Dow Jones US Total Stock Market Indexes Literature.
↑ Vanguard also offers the Vanguard Russell 2000 ETF.
↑ Acheson, Leo (Oct 01, 2019). "Our 2019 Rankings of 11 Top HSA Providers". Morningstar. https://www.morningstar.com/articles/947613/our-2019-rankings-of-11-top-hsa-providers.
↑ Bogleheads® forum topic: [Fidelity Health Savings Account Mega-Thread], liberty53. Nov 11, 2018

[8] FTSE classifies Korea as a developed market, while MSCI classifies it as emerging. Canada is not included in EAFE indexes.

[9] Admiral Shares class fund has a $50,000 minimum investment. Investor-class fund VIPSX has a 0.20% ER and a $3,000 minimum

[10] The fiscal year history of per share dividend and capital gains distributions from Fidelity, Vanguard, and Schwab index funds are available on spreadsheets published on the site blog. See Vanguard funds: per share distributions and Fidelity and Schwab index funds: per share distributions.

[1] "Bogleheads 2018 Jack Bogle & Bill Bernstein Fireside Chat". Vimeo. 2018. https://vimeo.com/channels/bogleheads/293765659.

[2] "Investing Ideas/Index Funds". Fidelity. https://www.fidelity.com/mutual-funds/investing-ideas/index-funds.

[3] Chong Li; Edward Tower; Rhona Zhang (March 26, 2019). "Vanguard versus Fidelity: Multidimensional Comparison of the Index Funds and ETFs of the Two Largest Mutual Fund Families". Economic Research Initiatives at Duke (ERID) Working Paper No. 283 (2019). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3361263., available at SSRN.

[4] "Index methodology". Fidelity. https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/mutual-funds/Fidelity_mkt_cap_weighted_methodology.pdf.

[5] "Trading/Fractional Shares". Fidelity. https://www.fidelity.com/trading/fractional-shares.

[6] See, Dow Jones US Total Stock Market Indexes Literature.

[7] Vanguard also offers the Vanguard Russell 2000 ETF.

[11] Acheson, Leo (Oct 01, 2019). "Our 2019 Rankings of 11 Top HSA Providers". Morningstar. https://www.morningstar.com/articles/947613/our-2019-rankings-of-11-top-hsa-providers.

[12] Bogleheads® forum topic: [Fidelity Health Savings Account Mega-Thread], liberty53. Nov 11, 2018

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[note 1]

[note 2]

[Note 1]

[8]

[9]

@@ Line 62: / Line 62: @@
 !scope="row" colspan="5" style="text-align: left; padding-left: 10px;" | US Stocks
 |-
-| rowspan="4" | Total US Stock Market
+| rowspan="5" | Total US Stock Market
 | style="background: #DED2CF" | Fidelity ZERO Total Market Index Fund
 | style="background: #DED2CF" | FZROX
@@ Line 77: / Line 77: @@
 | 0.03%
 | S&P Total Market Index
+|-
+| Schwab Total Stock Market Index Fund
+| SWTSX
+| 0.03%
+| Dow Jones U.S. Total Stock Market Index
 |-
 | Vanguard Total Stock Market Index Fund
@@ Line 83: / Line 88: @@
 | CRSP Total Market Index
 |-
-| rowspan="3" | S&P 500
+| rowspan="4" | S&P 500
 | style="background: #DED2CF" | Fidelity 500 Index Fund
 | style="background: #DED2CF" | FXAIX
 | style="background: #DED2CF" | 0.015%
 | style="background: #DED2CF" | S&P 500
+|-
+| Schwab 500 Index Fund
+| SWPPX
+| 0.02%
+| S&P 550
 |-
 | Vanguard 500 Index Fund
@@ Line 116: / Line 126: @@
 | S&P Completion Index
 |-
-| rowspan="3" | Mid Cap
+| rowspan="4" | Mid Cap
 | style="background: #DED2CF" | Fidelity Mid Cap Index Fund
 | style="background: #DED2CF" | FSMDX
 | style="background: #DED2CF" | 0.025%
 | style="background: #DED2CF" | Russell Mid Cap Index
+|-
+| Schwab US Mid Cap Index Fund
+| SWMCX
+| 0.04%
+| Russell Mid Cap Index
 |-
 | Vanguard Mid Cap Index Fund
@@ Line 132: / Line 147: @@
 | S&P MidCap 400 Index
 |-
-| rowspan="3" | Small Cap
+| rowspan="4" | Small Cap
 | style="background: #DED2CF" | Fidelity  Small Cap Index Fund
 | style="background: #DED2CF" | FSSNX
 | style="background: #DED2CF" | 0.025%
 | style="background: #DED2CF" |Russell 2000 Index
+|-
+| Schwab US Small Cap Index Fund
+| SWSSX
+| 0.04%
+| Russell 2000 Index
 |-
 | Vanguard Small Cap Index Fund
@@ Line 148: / Line 168: @@
 |S&P SmallCap 600 Index
 |-
-| rowspan="4" | Real Estate
+| rowspan="5" | Real Estate
 | style="background: #DED2CF" |  Fidelity Real Estate Index Fund
 | style="background: #DED2CF" | FSRNX
@@ Line 158: / Line 178: @@
 | 0.084%
 | MSCI USA IMI Real Estate Index
+|-
+| Schwab U.S. REIT ETF
+| SCHH
+| 0.07%
+| Dow Jones U.S. Select REIT Index
 |-
 | iShares Core U.S. REIT ETF
@@ Line 192: / Line 217: @@
 |  FTSE Global All Cap ex US Index
 |-
-| rowspan="4" | Developed Markets <ref group="note">FTSE classifies Korea as a developed market, while MSCI classifies it as emerging. Canada is not included in EAFE indexes.</ref>
+| rowspan="5" | Developed Markets <ref group="note">FTSE classifies Korea as a developed market, while MSCI classifies it as emerging. Canada is not included in EAFE indexes.</ref>
 | style="background: #DED2CF" | Fidelity International Index Fund
 | style="background: #DED2CF" |  FSPSX
@@ Line 202: / Line 227: @@
 | 0.05%
 | MSCI WORLD ex USA IMI Index
+|-
+| Schwab International Stock Index Fund
+| SWISX
+| 0.06%
+| MSCI EAFE Index
 |-
 | Vanguard Developed Markets Index Fund
@@ Line 213: / Line 243: @@
 | MSCI EAFE IMI Index
 |-
-| rowspan="3" | Emerging Markets
+| rowspan="4" | Emerging Markets
 | style="background: #DED2CF" | Fidelity Emerging Markets Index Fund
 | style="background: #DED2CF" | FPADX
 | style="background: #DED2CF" |  0.08%
 | style="background: #DED2CF" |  MSCI Emerging Markets Index (excludes small caps)
+|-
+| Schwab Emerging Markets ETF
+| SCHE
+| 0.13%
+| FTSE Emerging Index
 |-
 | Vanguard Emerging Markets Index Fund
@@ Line 231: / Line 266: @@
 !scope="row" colspan="5" style="text-align: left; padding-left: 10px;" | US Bonds
 |-
-| rowspan="3" | Short-Term Treasury
+| rowspan="4" | Short-Term Treasury
 | style="background: #DED2CF" |Fidelity Short-Term Treasury Bond Index Fund
 | style="background: #DED2CF" | FUMBX
 | style="background: #DED2CF" | 0.03%
 | style="background: #DED2CF" | Bloomberg Barclays 1-5 Year U.S. Treasury Index
+|-
+| Schwab Short-Term Treasury ETF
+| SCHO
+| 0.05%
+| Bloomberg Barclays US Treasury 1-3 Year Inde
 |-
 | Vanguard Short-Term Treasury Index Fund
@@ Line 252: / Line 292: @@
 | style="background: #DED2CF" | 0.03%
 | style="background: #DED2CF" | Bloomberg Barclays 5-10 Year U.S. Treasury Bond Index
+|-
+| Schwab Intermediate-Term Treasury ETF
+| SCHR
+| 0.05%
+| Bloomberg Barclays US Treasury 3-10 Year Index
 |-
 | Vanguard Intermediate-Term Treasury Index Fund
@@ Line 273: / Line 318: @@
 | style="background: #DED2CF" | 0.05%
 | style="background: #DED2CF" | Bloomberg Barclays U.S. TIPS Index
+|-
+| Schwab U.S. TIPS ETF
+| SCHP
+| 0.05%
+| Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)
 |-
 | Vanguard Inflation Protected Securities Fund
@@ Line 294: / Line 344: @@
 | 0.03%
 | Bloomberg Barclays U.S. Long Treasury Index
+|-
+| Schwab Long-Term U.S. Treasury ETF
+| SCHQ
+| 0.05%
+| Bloomberg Barclays US Long Treasury Index
 |-
 | iShares 20+ Year Treasury Bond ETF
@@ Line 300: / Line 355: @@
 | ICE U.S. Treasury 20+ Year Bond Index
 |-
-| rowspan="3" | Aggregate Bond
+| rowspan="4" | Aggregate Bond
 | style="background: #DED2CF" | Fidelity U.S. Bond Index Fund
 | style="background: #DED2CF" | FXNAX
 | style="background: #DED2CF" | 0.025%
 | style="background: #DED2CF" | Bloomberg Barclays U.S. Aggregate Bond Index
+|-
+| Schwab U.S. Aggregate Bond Index Fund
+| SWAGX
+| 0.04%
+| Bloomberg Barclays US Aggregate Bond Index
 |-
 | Vanguard Total Bond Market Index Fund
@@ Line 337: / Line 397: @@
 !scope="row" colspan="5" style="text-align: left; padding-left: 10px;" | Balanced Funds
 |-
-| rowspan="2" | Target-date funds
+| rowspan="3" | Target-date funds
 | style="background: #DED2CF" |[https://www.fidelity.com/fund-screener/evaluator.shtml#!&ntf=Y&ft=BAL_TD%2CBAL_TI%2CBAL_TK%2CBAL_TG%2CBAL_TN%2CBAL_TH%2CBAL_TE%2CBAL_TA%2CBAL_TJ%2CBAL_TL&mgdBy=F&expand=%24FundType&idxFd=Y&mininv=LS10000 Fidelity Freedom® Index Funds]
 | style="background: #DED2CF" | Various
 | style="background: #DED2CF" | 0.12%
 | style="background: #DED2CF" |
+|-
+| [https://www.schwab.com/mutual-funds/mutual-fund-portfolio/target-funds Schwab Target Funds]
+| Various
+| 0.08%
+|
 |-
 | [https://investor.vanguard.com/mutual-funds/target-retirement/ Vanguard Target Retirement Funds]

v t e Business organizations
	Investment company	Business development company • Closed-end funds • Exchange-traded fund • Mutual fund • Unit investment trusts
	Investment management company	Charles Schwab • Dimensional Fund Advisors • Dreyfus • E*TRADE • Fidelity • Fidelity: one stop shop • Interactive Brokers • John Hancock Funds • Merrill Edge • Northern Funds • Scottrade • T. Rowe Price • TD Ameritrade • The Vanguard Group • Wellington Management Company
	Government sponsored enterprises	Fannie Mae • Freddie Mac