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Robert Lee

Portfolio manager and co-leader of Fidelity’s global Consumer Staples research team

Biography

Robert Lee is a portfolio manager for Fidelity Management & Research Company (FMRCo.), the investment advisor for Fidelity’s family of mutual funds. Mr. Lee manages Fidelity Select Consumer Staples Portfolio, Fidelity Advisor Consumer Staples Portfolio, and Fidelity VIP Consumer Staples Portfolio. He also co-manages Fidelity VIP Contrafund, Fidelity Balanced Fund, and Fidelity Advisor Balanced Fund. Mr. Lee also serves as co-leader of the consumer industries equity research group and is a member of FMR’s Multi-Manager Group.

Mr. Lee joined Fidelity in 2001 as a research analyst following the business services and supply chain technology industries. In 2003, he began following the restaurant industry, adding the food and beverage industries in 2004. Mr. Lee began managing Fidelity Select Consumer Staples Portfolio in June 2004 and Fidelity Advisor Consumer Staples Portfolio in December 2006. He became responsible for Fidelity VIP Consumer Staples Portfolio in April 2007. In October 2007, he was appointed to FMR’s Multi-Manager Group and began managing the Consumer Staples sub-portfolio of Fidelity VIP Contrafund. He began managing Fidelity Balanced Fund and Fidelity Advisor Balanced Fund in September 2008.

Prior to joining Fidelity, Mr. Lee was a summer equity associate with Goldman Sachs in New York. From 1998 to 2000, he was a financial analyst for Adshel Inc. in New York. In this role, Mr. Lee was responsible for evaluating potential acquisitions and new business development opportunities within a high-growth segment of the outdoor media industry. He began his career at Chase Securities Inc. in New York as a financial analyst in the Global Investment Banking Division.

Born in 1973, Mr. Lee received a BS in management from Babson College in 1995 and an MBA from the Wharton School at the University of Pennsylvania in 2001. He is a Chartered Financial Analyst (CFA) charterholder.

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Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Sector funds can be more volatile because of their narrow concentration in a specific industry.

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