BlackRock's best performer was Blackrock US Real Estate Sec Str I (MUTF: BIREX), which gained 2.4%. From the American Funds stable, American Funds US Govt Sec R5 (MUTF: RGVFX) was the best performer with timid gains of 1.7% in the quarter. However, Fidelity managed to beat both BlackRock and American Funds. In a quarter ravaged by headwinds, mutual funds from the Vanguard Group gave a decent performance. In the third quarter, Fidelity failed to beat Vanguard, the best gain of which hit 8.4% by Vanguard Extended Duration Treasury Index Fund Institutional ( VEDTX). In fact, China-led global growth worries were primarily responsible for the market rout in key markets across the globe eventually pushing most mutual funds lower.Īlso, the 11.6% gain from FHKCX had helped Fidelity to beat other prominent fund families like Vanguard, BlackRock and American Funds to mention a few in the second quarter. This is a result of the market rout that the China region suffered since mid June. However this time, the worst performer is the China category. China region funds were robust gainers in the second quarter and the country was the third-best category performer in the first half of 2015 as well. This is completely in contrast to what happened in the second quarter, when Fidelity's best gainer Fidelity China Region Fund (MUTF: FHKCX) added 11.6%. The biggest loser among the Fidelity funds in the third quarter was Fidelity Adv China Region C (MUTF: FCHKX), which nosedived 26.3%. (Note: These numbers include same funds of different classes). The average loss for these 857 funds was a worrying 8%. Out of the 857 funds that finished in the red in the third quarter, 189 funds lost at least 10%. In comparison, 504 funds out of 950 funds had finished in the positive territory in the second quarter.īut the larger concern here is that while only 22 funds suffered above 5% loss in the second quarter, 655 funds ended the third quarter with more than 5% negative returns. However, the gains were very modest as all these funds posted an average gain of 1.2%. Out of the 971 funds we studied, just 111 funds managed to finish in the green. However, FLBAX's gain of 5.5% helped Fidelity to beat other key fund families, which we will discuss later. The majority of gainers in the third quarter posted flimsy returns of 1-2%.
Best performing mutual funds 3rd and 4th quarter 2015 plus#
In fact, except for this fund's Investor class fund, Fidelity Spartan Long Treas Inv (MUTF: FLBIX), there was no other that managed a 5% plus gain. Reflecting the broader trend of slumping returns, Fidelity's top-gainer in the third quarter, Fidelity Spartan Long Treas Adv (MUTF: FLBAX), could post only 5.5% return. This was a slump from 41% in the second quarter, which was also a sharp fall from 87% of the funds that ended in the positive territory in the first quarter. Just 17% of mutual funds managed to finish in the green in the third quarter. In fact, calling the third quarter a bloodbath will not be far from the truth. Obviously, it was difficult for mutual funds as well. In the third quarter, the Dow, S&P 500 and Nasdaq declined 7.6%, 7% and 7.4%, respectively. The third quarter of 2015 ended up giving the worst performance for the benchmarks since Sep 2011. The performance of Fidelity mutual funds fell in the third quarter from the second quarter and mirrored the broader trend of declining returns in July-September 2015.
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