In the Foreign group, Fidelity International Small Cap (FISMX, 5/2013) is being replaced.$
This fund followed a fairly typical path for our Upgrading recommendations. It performed significantly better than its peer group for quite a while (the first nine months we owned it), then started to lag a bit (it performed slightly below average in February and March), which led to it falling out of its category's top quartile and being replaced. All together, the fund gained 16.6% through the first 11 months we owned it, which compares favorably to the 11.6% gain of the average foreign fund during that span. It earns a "$" rating only because we are selling it right at the one-year mark, so those who are close to a 365-day holding period may want to hold on in order to turn any profits from short-term capital gains (which are taxed at the same rate as ordinary income) into long-term capital gains. This is only a consideration for those investing in taxable accounts, but with significant gains in the fund, it's worth checking your buy/sell dates.
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