Actually, the tail of the rear fender is capped with the same mudgaurd as on the front. I lopped it off with some poultry scissors so that the bike would fold properly (as recommended by Karl), and not look so "frau".

I think Cosmodc's Apex fenders are killer. They would be a cinch to install and remove, and they don't have the steel side-support arms. It's just a matter of how they actually perform in wet weather. Maybe we can have Cosmodc flood his driveway with a garden hose and run the Swift through it a few times and report back to us.