When we first recommended THOIX on 3/12/2007, Fidelity allowed small investments in the fund ($15K or less) even though Morningstar reported required initial investments of $2.5M or more. Apparently, Fidelity changed their policy on THOIX and now restricts initial purchases to at least $2.5M.
If you invested in THOIX when we recommended it, you're in luck! Existing share holders can continue to purchase THOIX in small increments. However, new investors are restricted to initial investments of at least $2.5M.
As an alternative, we recommend new investors to use the Class C share instead-- THOCX.
Please provide us feedback if you find any issues with the content we are provided on the web site. It is a constant struggle for us to keep up with changing brokerage restrictions, fund closures, dividends, etc. Your help benefits our entire community.Labels: THOIX Minimum Investment Requirements
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