Fidelity Spartan Total Market Index Fund (Nasdaq: FSTMX), for example, follows practice of returning short-term trading fees collected on shares held less than 90 days to mutual fund itself rather than passing on benefit to mutual fund company. By having this short-term trading fee structure, this no load mutual fund seeks to contain its operating expenses. Such fees are therefore aligned with interests of long-term shareholders of this mutual fund.

Passing on Savings from Scale Economies. The operating expenses incurred by a mutual fund are a combination of fixed and variable costs. As assets of a mutual fund increase, fixed cost gets spread over a larger asset base. Therefore, expenses incurred to operate mutual fund as a percentage of fund’s assets should trend lower.

A mutual fund that places interest of shareholders first must pass on savings from scale economies to shareholders. The trend in a mutual fund’s expense ratio therefore serves as a metric of how seriously a fund takes its fiduciary responsibility.

Key Points.

• If you are searching for best no load index mutual fund, shopping for one with low fees and expenses makes perfect sense. • If active management of investments appeals to you, fees and expenses are just one of several important factors to consider. The ability and investing style of portfolio manager are at least just as important as fees. • The types of fees a mutual fund charges and how fund uses fees provides clues as to how seriously a mutual fund takes its fiduciary responsibility. Mutual funds that impose fees to contain operating expenses and return fees to mutual fund help protect interests of long-term shareholders. • Mutual funds that put shareholders’ interests first typically pass on savings from scale economies to shareholders.

Notes: This report is for information purposes only. Nothing herein should be construed as an offer to buy or sell securities or to give individual investment advice. This report does not have regard to specific investment objectives, financial situation, and particular needs of any specific person who may receive this report. The information contained in this report is obtained from various sources believed to be accurate and is provided without warranties of any kind. AlphaProfit Investments, LLC does not represent that this information, including any third party information, is accurate or complete and it should not be relied upon as such. AlphaProfit Investments, LLC is not responsible for any errors or omissions herein. Opinions expressed herein reflect opinion of AlphaProfit Investments, LLC and are subject to change without notice. AlphaProfit Investments, LLC disclaims any liability for any direct or incidental loss incurred by applying any of information in this report. The third-party trademarks or service marks appearing within this report are property of their respective owners. All other trademarks appearing herein are property of AlphaProfit Investments, LLC. Owners and employees of AlphaProfit Investments, LLC for their own accounts invest in Fidelity Mutual Funds included in AlphaProfit Core and Focus model portfolios. AlphaProfit Investments, LLC neither is associated with nor receives any compensation from Fidelity Investments or other mutual fund companies mentioned in this report. Past performance is neither an indication of nor a guarantee for future results. No part of this document may be reproduced in any manner without written permission of AlphaProfit Investments, LLC. Copyright © 2005 AlphaProfit Investments, LLC. All rights reserved.

4. Tell your children, even if they are older to not let anyone in house unless you are there. Even teenage children should not let anyone into house. More assaults are committed on young people from ages of 15- 25 years of age than any other age group.

5. Be very aware of virtual tours. If a virtual tour is an option for selling your home, make sure there are no expensive objects in room(s). Criminals look for opportunities such as these to target homes to burglarize.

6. Let neighbors know you are selling your home. Check with them on a regular basis to see if anyone has been around house when you are not there. Criminals will use an open house, or a walk-through to pose as a potential buyer to scope out properties to burglarize later.

7. Keeping curb appeal not only adds value when you are selling a home, but adds to safety of your home as well. After searching a home during an open house, criminals interviewed say they look for high bushes near windows, not well-lit areas of a home, and concealed entrances to come back and gain access to a home. Keep bushes trimmed low, repair or add higher wattage light bulbs to existing lights, and keep entrances well lit for theft prevention.

Don't hesitate. If you're serious about selling your home yourself, just make sure your safety plan is just as serious to protect you and your family's future.