A $4-trillion-AUM (as of April 30) titan is expanding its ESG product line, this time with an active equity fund that comes in a number of share class flavors.
| Pamela R. "Pam" Holding|
Co-Head of Equity, Head of Sustainable Investing
On Monday, Pam Holding
, co-head of equity and head of sustainable investing at Fidelity Investments
of the Fidelity Healthy Future Fund
. The fund offers A shares for an expense ratio of 113 basis points, C shares for 205 bps, I shares for 105 bps, M shares for 155 bps, and Z shares for 90 bps. (The price tag includes a baked-in fee waiver that the Fido folks have promised through August 31, 2023.)
and Melissa Reilly
will co-PM the new fund. Fidelity Management & Research Company LLC (FMR) serves as its investment advisor. The fund's subadvisors include: FMR Investment Management (UK) Limited (FMR UK), Fidelity Managmeent & Research (Hong Kong) Limited (FMR H.K.), and Fidelity Management & Research (Japan) Limited (FMR Japan). Fidelity Distributions Company LLC (FDC) will serve as the fund's distributor, while Fidelity Investments Institutional Operations Company LLC (FIIOC) will serve as its transfer agent.
"With this new fund, Fidelity offers investors the opportunity to gain exposure to the long-term movement of health and wellness through an actively-managed sustainable strategy," Holding states.
The new fund's other service providers include the Northern Trust Company
as custodian and PricewaterhouseCoopers LLP
as independent accounting firm.
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