What does Fidelity mean by proprietary mutual fund?
While Fidelity can hold many mutual funds, proprietary mutual funds cannot be transferred. Generally, proprietary funds are offered exclusively by the issuer and cannot be held by other firms. Fidelity FundsNetwork® lists funds which are not proprietary and can be transferred without liquidation. If your fund is not a part of Fidelity FundsNetwork, you may still be able to transfer it. Call Fidelity at 800-544-6666 if you need help determining whether your fund is eligible for transfer.
