Fidelity® Wins Eighteen U.S. Lipper Fund Awards

Awards Recognize Funds That Have Demonstrated Consistently Strong Risk-adjusted Returns Compared with Peers

BOSTON -- Fidelity Investments®, a leading global asset management firm with $2.0 trillion in managed assetsi, today announced that it won eighteen 2014 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, 15 Fidelity mutual funds won 18 awards. This compares to 2013 when 12 Fidelity mutual funds won 14 U.S. Lipper Fund Awards.

“These awards are a great example of the strong performance Fidelity has delivered on behalf of our shareholders across a deep and broad range of investment management capabilities,” says Charlie Morrison, president of Fidelity’s Asset Management organization. “On behalf of Fidelity and the funds’ shareholders, we are truly honored to receive this recognition from Lipper.”

The 15 mutual funds recognized by Lipper ranged across a variety of asset classes and styles, from investment grade bond and asset allocation to international, small cap and sector funds. Fidelity received the following Lipper Fund Awards:

Fidelity Advisor Biotechnology Fund (Institutional), managed by Rajiv Kaul, won an award in Lipper’s Health/Biotechnology category for the three-year period.

Fidelity Advisor Income Replacement 2042 Fund (Institutional), managed by Andrew Dierdorf and Chris Sharpe, won awards in Lipper’s Retirement Income category for the three- and five-year periods.

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-year period.

Fidelity Pacific Basin Fund, managed by John Dance, won awards in Lipper’s Pacific Region category for the three-, five-, and ten-year periods.

Fidelity Select Consumer Finance Portfolio, managed by Shilpa Mehra, won an award in Lipper’s Financial Services category for the three-year period.

Fidelity Select Defense and Aerospace Portfolio, managed by Douglas Scott, won an award in Lipper’s Industrials category for the three-year period.

Fidelity Spartan Long-Term Treasury Bond Index Fund (Fidelity Advantage), managed by Alan Bembenek and Curt Hollingsworth, won an award in Lipper’s General U.S. Treasury category for the three-year period.

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 High Income Advantage Fund (Institutional), managed by Harley Lank, won an award in Lipper’s High Yield category for the five-year period.

Fidelity Convertible Securities Fund, managed by Thomas Soviero, won an award in Lipper’s Convertible Securities category for the five-year period.

Fidelity Select IT Services Portfolio, managed by Kyle Weaver, won an award in Lipper’s Science & Technology category for the five-year period.

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 Select Energy Portfolio, managed by John Dowd, won an award in Lipper’s Natural Resources category for the ten-year period.

Fidelity Select Software and Computer Services Portfolio, managed by Brian Lempel, won an award in Lipper’s Science & Technology category for the ten-year period.

Fidelity Worldwide Fund, managed by Stephen DuFour and Bill Kennedy, won an award in Lipper’s Global Multi-Cap Growth category for the ten-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. It also includes the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact or visit

About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $4.7 trillion, including managed assets of $2.0 trillion, as of February 28, 2014. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit

i As of February 28, 2014.

Before investing, consider the funds investment objectives, risks, charges and expenses. Please visit or 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.

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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