North Carolina Capital's Term Portfolio ups financial services target

By Toni Weeks

San Diego, Dec. 2 - Shareholders of the North Carolina Capital Management Trust: Term Portfolio approved a change to the portfolio's investment policy and will now invest more than 25% of total assets in securities issued by the financial services industry, according to a 497 filing with the Securities and Exchange Committee.

The investment strategy was approved at a shareholder meeting on Oct. 27 and took effect Nov. 1.

Previously, the fund invested up to 25% of the fund's total assets in securities issued by the finance industry.

The filing also said that the advisers are currently waiving all distribution and/or service (12b-1) fees. The waiver is voluntary and can be discontinued or modified at any time.

The fund's investment adviser is Boston-based Fidelity Management & Research Co.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.