You will be receiving a letter from the DAP announcing changes to the Directed Account Plan Fidelity Window Option. This letter has been posted below:
11/4/11 – DAP letter to Participants – Changes to the Directed Account Plan
Here is a general explanation of the change to K Shares in the Fidelity Window Option:
Effective as of the market close (generally 4:00 p.m. Eatern Time) on December 7, 2011, the share class of 27 investment options offered through the DAP will change from their current share class to Class K. As a result of this change, the fund codes, ticker symbols, and expense ratios will change. The new share class will offer you the same investment strategy and risk, but the overall expense will be lower.