Fidelity Diversified International Fund: '05 Mid-year Review
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Fidelity Diversified International [FDIVX]. This fund is classified as Large Stock Growth.*
Learn about my other funds...
Dodge & Cox Balanced [DODBX] -- Moderate Allocation*
PIMCO All Asset Institutional [PAAIX] -- Moderate Allocation
Dodge & Cox International Stock [DODFX] - Large Stock Value
* Indicates that this fund is closed to new investors.
FIDELITY DIVERSIFIED INTERNATIONAL
This fund is held in my retirement account at work. While I'll save any explanation for future posts -- this is the ONLY fund I hold at work.
Currently I am making automatic investments in my two international funds on a monthly basis. While I anticipate greater volatility relative to my core funds, I am also banking on higher returns over time.
MARKET HIGHLIGHTS June 30, 2005
The first half of 2005 has been a tough one for many stocks. Select market results include:
- Dow down 4.7%
- S&P 500 down 1.7%
- MSCI EAFE* down 1.17% (U.S. dollars)**
* International index spanning 20+ developed market countries
** Caveat: MSCI EAFE index pulled from Morningstar.com -- I am not 100% sure that Im reading their charts correctly
THE NUMBERS (From Morningstar.com)
Fidelity Diversified International
FUND REVIEW
- 05 YTD: Up .56%
- 1-Year: Up nearly 15%
- Rank
- - 2005 YTD: 17% in category
- - 1-Year: 17% in category
- - Long Term: Top 1% to 3% for the 3, 5 and 10-year annualized return
COMMENTS
[Post Updated 07/03/2005: Original comments replaced by...
I have two international funds because:
- One of my '05 goals is to increase my allocation in international
- FDIVX is the only viable alternative in my employer's retirement plan (for a variety of reasons, this is the ONLY fund I have at work -- watch for more on my work situation in future posts)
If not restricted by the plan, I would probably be 100% in D&C International.]
Disclosure: At this point in my life Im a cautious investor. As such, my views may or may not be applicable to your investment needs. My portfolio also contains a high percentage of non-fund assets. I respect that your needs and tastes may differ.
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This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Dodge & Cox Balanced [DODBX]. This fund is classified as Moderate Allocation.* Learn about my other funds... PIMCO All Asset Institutional [PAAIX] -- Moderate Allocation Dodge ... Read
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Dodge & Cox International Stock [DODFX]. This fund is classified as Large Stock Value. Learn about my other funds... Dodge & Cox Balanced [DODBX] -- Moderate ... Read
