Is it me or just FIDELITY (the investment company)

[Night201]

OK, so I have $1300 sitting in 5% yield Money Market type fund in a rollover IRA. I want to put it into something better, so I've been trying to find some funds that are good, open to new investors, and have less than a $2500/3000 initial investment.

So, I thought I finally thought I found a decent one:
http://finance.yahoo.com/q/pi?s=OAKBX

If you look, it shows the initial investment is $1,000. Great! So I tried to see if I could move the money into there, but I can't. Fidelity tells me that the initial investment is $2500! So what the hell is going on? Is it Fidelity that is making it $2500 min initial investment?

 

[Slew Foot]

Im not sure, maybe Fidelity has a higher limit for funds that are not it's own?
I use fidelity and havent really run into this problem, except when I tried to get some Spartan muni bond with a 250K minimum

 

[Night201]

bump for the morning crew - before I try calling.

 

[b0mbrman]

Originally posted by: Night201
OK, so I have $1300 sitting in 5% yield Money Market type fund in a rollover IRA. I want to put it into something better, so I've been trying to find some funds that are good, open to new investors, and have less than a $2500/3000 initial investment.

So, I thought I finally thought I found a decent one:
http://finance.yahoo.com/q/pi?s=OAKBX

If you look, it shows the initial investment is $1,000. Great! So I tried to see if I could move the money into there, but I can't. Fidelity tells me that the initial investment is $2500! So what the hell is going on? Is it Fidelity that is making it $2500 min initial investment?

That minimum is Oakmark's minimum for investors who buy directly from them.