BOSTON--(BUSINESS WIRE)--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 18 Fidelity mutual funds won 26 U.S. Lipper Fund Awards.
The honors are given to 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. Fidelity’s 26 awards among 18 Fidelity mutual funds in 2016 compares to 19 awards among 16 funds in 2015 and 18 awards among 15 funds in 2014.
“Everyday our investment professionals wake up with the goal of delivering strong, consistent investment performance on behalf of our clients and fund shareholders,” said Charlie Morrison, president of Asset Management for Fidelity Investments. “These awards are recognition of that commitment and they further demonstrate our focus on delivering the best customer experience in the financial services industry by helping our customers meet their long-term investing goals.”
The 18 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 Biotechnology Portfolio, managed by Rajiv Kaul, won awards in Lipper’s Health/Biotechnology category for the three- and five-year periods.
- 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 Defense and Aerospace Portfolio, managed by Jonathan Siegmann, won an award in Lipper’s Industrials category for the five-year period.
- Fidelity Select Electronics Portfolio, managed by Steve Barwikowski, won an award in Lipper’s Science & Technology category for the three-year period.
- Fidelity Select Software and IT Services Portfolio ii, managed by Ali Khan, won an award in Lipper’s Science & Technology category for the ten-year period.
Asset Allocation 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 Diversified International Fund (Class K), managed by Bill Bower, won an award in Lipper’s International Large-Cap Growth category for the three-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 OTC Fund (Class K), managed by Gavin Baker, won an award in Lipper’s Multi-Cap Growth category for the three-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 International Real Estate Fund (Institutional), managed by Guillermo de las Casas, awards 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.
- Fidelity NASDAQ Composite Index Fund, managed by Geode Capital Management, won an award in Lipper’s Multi-Cap Growth category for the five-year period.
High Income Funds
- Fidelity Capital & Income Fund, managed by Mark Notkin, won an award in Lipper’s High Yield category for the three-year period.
- Fidelity Real Estate High Income Fund, managed by Stephen Rosen and David Bagnani, won awards in Lipper’s General Bond category for the three- and five-year periods.
Bond Funds
- Fidelity Intermediate Government Income Fund, managed by Franco Castagliuolo and Bill Irving, won awards in Lipper’s Short-Intermediate U.S. Government category for the three-, five- and ten-year periods.
- Fidelity Spartan Long-Term Treasury Bond Index Fund (Fidelity Advantage), managed by Brandon Bettencourt and Jay Small, won an award in Lipper’s General U.S. Treasury category for the three-year period.
- Fidelity Spartan Short-Term Treasury Bond Index Fund (Fidelity Advantage), managed by Brandon Bettencourt and Jay Small, won awards in Lipper’s Short U.S. Treasury category for the three- and five-year periods.
About The Lipper Fund Awards
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 $5.0 trillion, including managed assets of $2.0
trillion as of February 29, 2016, we focus on meeting the unique needs
of a diverse set of customers: helping more than 25 million people
invest their own life savings, nearly 20,000 businesses manage employee
benefit programs, as well as providing nearly 10,000 advisory firms with
investment and technology solutions to invest their own clients’ money.
Privately held for nearly 70 years, Fidelity employs 45,000 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 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.
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© 2016 FMR LLC. All rights reserved.
i As of January 31, 2016.
ii As of January 1,
2016, the name of this fund was changed from Fidelity Select Software
and Computer Services Portfolio.
