16 Fidelity Mutual Funds Win a Total of 26 U.S. Lipper Fund Awards

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The 2020 U.S. Lipper Fund Awards are given to individual mutual funds that have outperformed peers based on risk-adjusted, consistent returns. Lipper designates award-winning funds in most individual classifications for the 3-, 5-, and 10-year periods. Fidelity’s 26 awards among 16 Fidelity mutual funds in 2020 continue a strong history of Lipper Fund Award recognition across asset classes and investment styles.

Domestic and international equity funds


Fund Managed by Lipper Award Category
Fidelity Series Intrinsic Opportunities Fund1 Joel Tillinghast Global Multi-Cap Value Funds for the 3- and 5-year periods
Fidelity Advisor Emerging Asia (Institutional) Xiaoting Zhao Emerging Markets category for the 5- and 10-year periods
Fidelity Advisor International Small Cap (Institutional) Sam Chamovitz International Small/Mid-Cap Core category for the 5- and 10- year periods
Fidelity Advisor Series Growth Opportunities Fund (Institutional) Kyle Weaver Multi-Cap Growth category for the 3- and 5- year periods
Fidelity Advisor Growth Opportunities Fund (Institutional) Kyle Weaver Multi-Cap Growth category for the 10-year period


Sector funds


Fund Managed by Lipper Award Category
Fidelity Select Financial Services Portfolio Matthew Reed Financial Services Fund category for the 3-year period
Fidelity Select Medical Technology and Devices Portfolio Eddie Yoon Healthcare/Biotechnology category for the 3- and 5-year periods
Fidelity Select Software and IT Services Portfolio Ali Khan Science & Technology category for the 10-year period
Fidelity Select Utilities Portfolio Douglas Simmons Utility category for the 3- and 10-year periods
Fidelity Select Defense and Aerospace Portfolio Jonathan Siegmann Industrials category for the 3- and 5-year periods


Asset allocation funds


Fund Managed by Lipper Award Category
Fidelity Advisor Freedom 2015 Fund (Institutional) Andrew Dierdorf and Brett Sumsion Mixed-Asset Target 2015 category for the 5-year period
Fidelity Advisor Managed Retirement 2025 Fund (Institutional) Andrew Dierdorf and Brett Sumsion Retirement category for the 5- and 10-year periods
Fidelity Freedom 2035 Index Fund (Inst Premium) Andrew Dierdorf, Brett Sumsion, and Finola McGuire Foley Mixed-Asset Target 2035 category for the 3-year period

Fidelity income funds


Fund Managed by Lipper Award Category
Fidelity Advisor High Income Advantage Fund (Institutional) Brian Chang and Mark Notkin High Yield category for the 10-year period
Fidelity Intermediate Government Income Fund Franco Castagliuolo and Sean Corcoran Short-Intermediate U.S. Government category for the 3-, 5-, and 10- year periods
Fidelity Series High Income Fund Alexandre Karam and Michael Weaver Global High Yield category for the 3- and 5- year periods
Lipper determined the award winners by calculating the highest Consistent Return over the 3-, 5-, and 10-year periods ended 11/30/19. The Consistent Return measure takes into account both short- and long-term risk-adjusted performance relative to fund classification.

Fidelity Advisor High Income Advantage Fund competed with 89 High Yield Funds over the 10-year period to win the award. Fidelity Advisor International Small Cap Fund competed with 15 and 10 International Small/Mid-Cap Core Funds over the 5- and 10-year periods to win the award. Fidelity Advisor Series Growth Opportunities Fund competed with 148 and 135 Multi-Cap Growth Funds over the 3- and 5-year periods to win the award. Fidelity Advisor Growth Opportunities Fund competed with 107 Multi-Cap Growth Funds over the 10-year period to win the award. Fidelity Advisor Emerging Asia Fund competed with 161 and 88 Emerging Markets Funds over the 5- and 10-year periods to win the award. Fidelity Advisor Freedom 2015 Fund competed with 22 Mixed-Asset Target 2015 Funds over the 5-year period to win the award. Fidelity Advisor Managed Retirement 2025 Fund competed with 17 Retirement Income Funds over the 5- and 10-year periods to win the award. Fidelity Intermediate Government Income Fund competed with 10 Short-Intermediate U.S. Government Funds over the 3-, 5-, and 10-year periods to win the award. Fidelity Freedom Index 2035 Fund competed with 47 Mixed-Asset Target 2035 Funds over the 3-year period to win the award. Fidelity Series High Income Fund competed with 31 and 24 Global High Yield Funds over the 3- and 5-year periods to win the award. Fidelity Series Intrinsic Opportunistic Fund competed with 34 Global Multi-Cap Value Funds over the 5-year period to win the award. Fidelity Select Financial Services Portfolio competed with 22 Financial Services Funds over the 3-year period to win the award. Fidelity Select Medical Technology and Devices Portfolio competed with 23 Health/Biotechnology Funds over the 3- and 5-year periods to win the award. Fidelity Select Financial Services Portfolio competed with 36 Science & Technology Funds over the 10-year period to win the award. Fidelity Select Utilities Portfolio competed with 13 Utilities Funds over the 3- and 10-year periods to win the award. Fidelity Select Defense and Aerospace Fund competed with 10 Industrials Funds over the 3- and 5-year periods to win the award.

Lipper determined the award winners by calculating the highest Consistent Return over the 5- and 10-year periods ended 11/30/19. The Consistent Return measure takes into account both short- and long-term risk-adjusted performance relative to fund classification. Lipper Fund Awards are based on Institutional Class shares of the respective Fidelity Advisor (FA) fund. Other share classes may have different performance characteristics. Fund performance may now be higher or lower than the performance that was calculated to win this award. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data, the accuracy is not guaranteed by Lipper.

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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 enquiries.awards@refinitiv.com or visit http://www.lipperfundawards.com.