Fidelity Investments®, one of the largest and most diversified
global asset management firms with more than $2.0 trillion in
managed assetsi, today announced that it won nineteen 2015 U.S.
Lipper Fund Awards, which honor individual mutual funds that have
outperformed peers based on risk-adjusted, consistent return.
Lipper designates award-winning funds in most individual
classifications for the three-, five-, and 10-year periods. In
total, 16 Fidelity mutual funds won 19 awards. This compares to
2014 when 15 Fidelity mutual funds won 18 U.S. Lipper Fund
Awards.
“Our focus on delivering strong, consistent investment
performance on behalf of our clients and fund shareholders is at
the core of everything we do,” said Charlie Morrison, president of
Asset Management for Fidelity Investments. “We are truly honored to
receive this recognition from Lipper and we remain committed to
continually looking for new and innovative ways, from research and
trading to portfolio construction and product development, to help
our customers meet their long-term investing goals.”
The 16 Fidelity mutual funds recognized by Lipper range across a
variety of asset classes and styles from equities, fixed income and
asset allocation to international, small cap and sector funds.
Sector Funds
- Fidelity Advisor Biotechnology Fund
(Institutional), managed by Rajiv Kaul, won an award in Lipper’s
Health/Biotechnology category for the three-year period.
- Fidelity Select Biotechnology
Portfolio, managed by Rajiv Kaul, won an award in Lipper’s
Health/Biotechnology category for the five-year period.
- Fidelity Advisor Energy Fund
(Institutional), managed by John Dowd, won an award in Lipper’s
Natural Resources category for the ten-year period.
- Fidelity Select Insurance Portfolio,
managed by Peter Deutsch, won an award in Lipper’s Financial
Services category for the five-year period.
- Fidelity Select Transportation
Portfolio, managed by Matthew Moulis, won an award in Lipper’s
Industrials category for the five-year period.
Asset Allocations Funds
- Fidelity Advisor Income Replacement
2042 Fund (Institutional), managed by Andrew Dierdorf and Brett
Sumsion, won awards in Lipper’s Retirement Income category for the
three- and five-year periods.
Domestic and International Equity Funds
- Fidelity Advisor Real Estate Fund
(Institutional), managed by Sam Wald, won an award in Lipper’s Real
Estate category for the ten-year period.
- Fidelity OTC Portfolio, managed by
Gavin Baker, won an award in Lipper’s Multi-Cap Growth category for
the ten-year period.
- Fidelity Pacific Basin Fund, managed by
John Dance, won awards in Lipper’s Pacific Region category for the
three- and five-year periods.
- Fidelity Advisor China Region Fund
(Institutional), managed by Bobby Bao, won an award in Lipper’s
China Region category for the five-year period.
- Fidelity Advisor International Real
Estate Fund (Institutional), managed by Guillermo De Las Casas, won
an award in Lipper’s International Real Estate category for the
three- and five-year period.
- Fidelity Nordic Fund, managed by Stefan
Lindblad, won an award in Lipper’s European Region category for the
three-year period.
High Income Funds
- Fidelity Convertible Securities Fund,
managed by Thomas Soviero, won an award in Lipper’s Convertible
Securities category for the three-year period.
- Fidelity Real Estate High Income Fund,
managed by David Bagnani and Stephen Rosen, won an award in
Lipper’s General Bond category for the three-year period.
Bond Funds
- Fidelity Intermediate Government Income
Fund, managed by Franco Castagliuolo and Bill Irving, won an award
in Lipper’s Short-Intermediate U.S. Government category for the
ten-year period.
- Fidelity Spartan Long-Term Treasury
Bond Index Fund (Fidelity Advantage), managed by Brandon
Bettencourt and Alan Bembenek, won an award in Lipper’s General
U.S. Treasury category for the five-year period.
“Delivering consistent, long-term performance is a testament to
the incredible hard work and dedication of our entire team of
global investment professionals,” said Morrison.
The Lipper Fund Awards are part of the Thomson Reuters Awards
for Excellence, a global family of awards that celebrate
exceptional performance throughout the professional investment
community. The Thomson Reuters Awards for Excellence recognize the
world's top funds, fund management firms, sell-side firms, research
analysts, and investor relations teams. The Thomson Reuters Awards
for Excellence also include the Extel Survey Awards and the
StarMine Analyst Awards. For more information, please contact
markets.awards@thomsonreuters.com or visit
excellence.thomsonreuters.com.
About Fidelity
Investments
Fidelity’s goal is to make financial expertise broadly
accessible and effective in helping people live the lives they
want. With assets under administration of $5.2 trillion, including
managed assets of $2.1 trillion as of February 28, 2015, we focus
on meeting the unique needs of a diverse set of customers: helping
over 24 million people investing their own life savings, nearly
20,000 businesses to manage their employee benefit programs, as
well as providing nearly 10,000 advisory firms with technology
solutions to invest their own clients’ money. Privately held for
nearly 70 years, Fidelity employs 41,000 associates who are focused
on the long-term success of our customers. For more information
about Fidelity Investments, visit www.fidelity.com.
Before investing, consider the funds
investment objectives, risks, charges and expenses. Please
visit www.fidelity.com or advisor.fidelity.com for a
prospectus or if available, a summary prospectus, containing this
information.
Past performance is no guarantee of future
results.
In general the bond market is volatile, and
fixed income securities carry interest rate risk. (As interest
rates rise, bond prices usually fall, and vice versa. This effect
is usually more pronounced for longer-term securities.) Fixed
income securities also carry inflation risk, liquidity risk, call
risk and credit and default risks for both issuers and
counterparties. Unlike individual bonds, most bond funds do not
have a maturity date, so avoiding losses caused by price volatility
by holding them until maturity is not possible.
Lower-quality debt securities generally offer
higher yields, but also involve greater risk of default or price
changes due to potential changes in the credit quality of the
issuer.
Stock markets are volatile and can fluctuate
significantly in response to company, industry, political,
regulatory, market, or economic developments. Investing in stock
involves risks, including the loss of principal.
Foreign markets can be more volatile than U.S.
markets due to increased risks of adverse issuer, political, market
or economic developments, all of which are magnified in emerging
markets. These risks are particularly significant for funds that
focus on a single country or region.
Because of their narrow focus, sector funds
tend to be more volatile than funds that diversify across many
sectors and companies.
Performance of the Fidelity Advisor Income
Replacement Funds depends on the performance of their underlying
Fidelity funds, which carry their own risks, including the
volatility associated with investing in high-yield, small-cap, and
foreign securities.
Shareholders may be subject to certain
short-term trading fees. Please consult the prospectus for further
information.
About Lipper Rating System
Consistent Return
A Lipper Leader for Consistent Return is a fund
that has provided superior consistency and risk-adjusted returns
when compared to a group of similar funds. Lipper Leaders for
Consistent Return may be the best fit for investors who value a
fund’s year-to-year consistency relative to other funds in a
particular peer group.
Investors are cautioned that some peer groups
are inherently more volatile than others, and even Lipper Leaders
for Consistent Return in the most volatile groups may not be well
suited to shorter-term goals or less risk-tolerant investors.
How Lipper Leaders are Rated for Consistent
Return
Lipper Leader ratings for Consistent Return
reflect funds' historic returns, adjusted for volatility, relative
to peers. Ratings for Consistent Return are computed for all Lipper
classifications with five or more distinct portfolios and span both
equity and fixed-income funds (e.g., large-cap core, general U.S.
Treasury, etc.)
The ratings are subject to change every month
and are calculated for the following time periods: 3-year, 5-year,
10- year, and overall. The overall calculation is based on an
equal-weighted average of percentile ranks for the Consistent
Return metrics over 3-year, 5-year, and 10-year periods (if
applicable). The highest 20% of funds in each classification are
named Lipper Leaders for Consistent Return. The next 20% receive a
rating of 4; the middle 20% are rated 3; the next 20% are rated 2,
and the lowest 20% are rated 1.
Fidelity Investments and Lipper are not
affiliated.
Diversification does not ensure a profit or
guarantee against loss.
Fidelity Brokerage Services LLC, Member NYSE,
SIPC900 Salem Street, Smithfield, RI 02917
Fidelity Investments Institutional Services
Company, Inc.,500 Salem Street, Smithfield, RI 02917
719816.1.0© 2015 FMR LLC. All rights reserved.i As of February
28, 2015.
Fidelity InvestmentsCorporate Communications, (617)
563-5800fidelitycorporateaffairs@fmr.comorCharlie Keller, (617)
563-2302charles.keller@fmr.comFollow us on Twitter
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