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By Christine Benz and Katie Rushkewicz Reichart, CFA | 07-22-2013 04:00 PM

Fidelity's First-Half Leaders and Laggards

The firm's diversified domestic equity funds, international equity, and muni funds have done particularly well, says Morningstar analyst Katie Reichart.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com.

Fidelity may no longer be the largest fund company, but the firm's funds still appear in plenty of investors' portfolios.

Joining me to provide a year-to-date recap of Fidelity funds is Katie Reichart. She is a senior fund analyst with Morningstar.

Katie, thank you so much for being here.

Katie Reichart: Thanks for having me.

Benz: Let's discuss the headlines, Katie. Year-to-date, when you look across asset classes, where do the typical Fidelity funds land in terms of their category percentile rankings?

Reichart: Well, they started out 2013 doing pretty well across all asset classes. The average fund is really in the top half of the category.

Benz: Are there any standouts in terms of asset class performance when you look across the firm's funds?

Reichart: I would say diversified domestic equity funds, international equity, and muni funds have done particularly well--more in that top-third [percentile] range.

Benz: Muni funds have long been a really strong area for them.

Let's discuss some of the funds that have had the top performance in terms of relative performance, and also absolute performance.

Fidelity OTC, we've got it rated as a Bronze fund currently. Let's talk about what has gone well for that fund year-to-date?

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