Strong Risk-Adjusted Returns of 16 Fidelity® Mutual Funds Recognized by Lipper

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 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 [email protected] 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, SIPC
900 Salem Street, Smithfield, RI 02917

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

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© 2015 FMR LLC. All rights reserved.
ⁱ As of February 28, 2015.

Fidelity Investments

Corporate Communications, (617) 563-5800

[email protected]

or

Charlie Keller, (617) 563-2302

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Source: Fidelity Investments