Fidelity® Mutual Funds Win 21 Lipper Awards

16 Fidelity Mutual Funds Recognized by Lipper for Strong Long-Term, Risk-Adjusted Returns

BOSTON--(BUSINESS WIRE)-- Fidelity Investments®, one of the industry’s largest and most diversified financial services firms with more than $7.1 trillion in client assets,i today announced that 16 actively-managed Fidelity mutual funds won a total of 21 U.S. Lipper Fund Awards.

The honors are given to individual mutual funds that have outperformed peers based on risk-adjusted, consistent returns over three-, five-, and 10-years relative to their peers. Lipper designates award-winning funds in most individual classifications for the three-, five-, and 10-year periods.

“We’re honored to be recognized by Lipper with these awards as they are a reflection of our dedication to helping individual investors and financial advisors and their clients achieve their long-term investment goals, ” said Steve Neff, head of Asset Management at Fidelity Investments. “Fidelity’s investment professionals take extreme pride in being able to deliver strong, consistent investment performance on behalf of our clients and fund shareholders.”

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, high income and sector funds.

Sector Funds

• Fidelity Select Medical Technology and Devices Portfolio, managed by Eddie Yoon, won awards in Lipper’s Health/Biotechnology category for the three- and five-year periods.
• Fidelity Select Defense and Aerospace Portfolio, managed by Jonathan Siegmann, won awards in Lipper’s Industrials category for the three- and five-year periods.
• Fidelity Advisor Energy Fund – Class I (Institutional), managed by John Dowd, won an award in Lipper’s Natural Resources category for the 10-year period.
• Fidelity Select Utilities Portfolio, managed by Douglas Simmons, won an award in Lipper’s Utility category for the three-year period.

Asset Allocation Funds

• Fidelity Freedom 2015 Fund, managed by Andrew Dierdorf and Brett Sumsion, won an award in Lipper’s Mixed-Asset Target 2015 category for the five-year period.
• Fidelity Advisor Managed Retirement 2025 Fund – Class I (Institutional), managed by Andrew Dierdorf and Brett Sumsion, won awards in Lipper’s Retirement Income category for the five- and 10-year periods.

Fixed Income Funds

• Fidelity Series Emerging Markets Debt Fund, managed by Jonathan Kelly and Timothy Gill, won an award in Lipper’s Emerging Markets Hard Currency Debt category for the five-year period.
• Fidelity Advisor High Income Advantage Fund – Class I (Institutional), managed by Harley Lank, won an award in Lipper’s High Yield category for the 10-year period.

Domestic and International Equity Funds

• Fidelity China Region Fund, managed by Ivan Xie and Stephen Lieu, won an award in Lipper’s China Region category for the 10-year period.
• Fidelity Advisor Emerging Asia Fund – Class I (Institutional), managed by John Dance, won awards in Lipper’s Emerging Markets category for the five- and 10-year periods.
• Fidelity Series Intrinsic Opportunities Fund, managed by Joel Tillinghast, won awards in Lipper’s Global Multi-Cap Value category for the three- and five-year periods.
• Fidelity International Capital Appreciation Fund, managed by Sammy Simnegar, won an award in Lipper’s International Multi-Cap Growth category for the 10-year period.
• Fidelity Advisor International Real Estate Fund – Class I (Institutional), managed by Guillermo de las Casas, won an award in Lipper’s International Real Estate category for the three-year period.
• Fidelity International Small Cap Fund, managed by Sam Chamovitz, won an award in Lipper’s International Small/Mid-Cap Core category for the three-year period.
• Fidelity Advisor International Small Cap Fund – Class I (Institutional), managed by Sam Chamovitz, won an award in Lipper’s International Small/Mid-Cap Core category for the five-year period.
• Fidelity OTC Portfolio – Class K, managed by Christopher Lin, won an award in Lipper’s Multi-Cap Growth category for the 10-year period.

About The Lipper Fund Awards
For more than three decades and in over 20 countries worldwide, the Lipper Fund Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. Renowned fund data and proprietary methodology is the foundation of the Award qualification. Individual classifications of three-, five-, and ten-year periods, as well as fund families with high average scores for the three-year period are recognized. For more information, please contact [email protected] or visit https://www.lipperfundawards.com/.

About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.1 trillion, including managed assets of $2.6 trillion as of January 31, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 30 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

Before investing, consider the fund's 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, real estate, 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.

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.

Lipper Fund Awards from Refinitiv, ©2019 Refinitiv. All rights reserved. Used under license.

Fidelity Investments and Lipper are not affiliated.

Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917

Fidelity Investments Institutional Services Company, Inc.,
500 Salem Street, Smithfield, RI 02917

National Financial Services LLC, Member NYSE, SIPC,
200 Seaport Boulevard, Boston, MA 02110

878112.2.0
© 2019 FMR LLC. All rights reserved.

i As of January 31, 2019.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190308005049/en/

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Corporate Communications
(617) 563-5800
[email protected]

Meghan French
(617) 563-2124
[email protected]

Source: Fidelity Investments

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