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By Christine Benz and Katie Rushkewicz Reichart, CFA | 12-03-2015 03:00 PM

2015 Leaders and Laggards in Fidelity's Lineup

While just slightly more than half of Fidelity's U.S. equity funds beat their category averages, funds in fixed income, international equity, and allocation fared much better, says Morningstar's Katie Reichart.

Christine Benz: Hi, I'm Christine Benz for As the year winds down, Morningstar likes to take a look at how some of the biggest mutual fund shops have performed. Joining me to provide a look at the past year at Fidelity Funds is Katie Reichart. She is a senior analyst with Morningstar.

Katie, thank you so much for being here.

Katie Reichart: Great to be here. Thanks.

Benz: Katie, we periodically do these reviews of some of the big firms. You head up our coverage of Fidelity, so you took a look at how Fidelity's funds have performed as a group for the year to date. You looked at performance by asset class. It's early December, so let's take a look at some of these categories starting with U.S. equity.

Reichart: Well, a little bit more than half of the U.S. equity funds have beaten their category averages so far this year. So, that's pretty good. International-equity funds have actually done better--about 80% have beaten their averages.

Benz: So, even though it's been a disappointing year for international investors in general, the funds have had pretty good category performance.

Reichart: Exactly. And on the fixed-income side, about 70% of their funds are beating their averages. Allocation funds have also done quite well--about 95%.

Benz: Looking at the leaders, some of the funds that have performed especially well, can you highlight some of the best performers?

Reichart: Fidelity Overseas (FOSFX) has really been on a hot streak. It's up more than 9% through early December; the MSCI EAFE, by comparison, is not even up 1%.

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