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Fund Times

Longleaf International Cuts Fees, Quits Hedging

Plus, Fidelity boosts target-date funds' overseas, TIPS, and commodity exposure, and more.

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 Longleaf Partners International's (LLINX) expense ratio will drop dramatically. The fund's advisor, Southeastern Asset Management, announced today that it is cutting its management fee sharply as of Oct. 1.

This is welcome news. The fund's 1.69% expense ratio is one of the highest of the 123 no-load, actively managed international-stock mutual funds with more than $1 billion in assets.

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Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.