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Steve Wymer of Fidelity® Growth Company Fund Honored as 2017 Morningstar Domestic-Stock Fund Manager of the Year

01/24/2018
Wymer Receives Fidelity's Record Eighth Manager of the Year Award

BOSTON — Fidelity Investments® today announced that Morningstar, Inc. has named Steve Wymer, portfolio manager of Fidelity Growth Company Fund, as its 2017 U.S. Domestic-Stock Fund Manager of the Year.

The annual Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers' funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders'. Managers' funds must currently have a Morningstar Analyst RatingTM of Gold or Silver.

In recognizing Wymer, Laura Pavlenko Lutton, Morningstar's Director of Manager Research Practice, North America, stated, "Wymer's success is a result of his time-tested investing approach, utilizing Fidelity's research team and executing a thoughtful strategy that has played well in a growth-fueled market. Since Wymer's start, the fund has beaten nearly all of its large-growth peers. Even in tough environments for active large-growth managers, it's consistently outpaced its benchmark."

"It's truly an honor to be recognized for helping investors achieve their financial goals," said Wymer. "This award is a reflection on Fidelity's extraordinary equity research analysts who are critical to every portfolio manager's success here at Fidelity."

"We're extremely proud that Morningstar has selected Steve as Fund Manager of the Year," said Brian Hogan, president of Fidelity's Equity and High Income division. "Steve is an exceptional investor who stands out even among Fidelity's long list of outstanding portfolio managers. Fidelity Growth Company Fund is an excellent example of our heritage of active fund management, and the many Fidelity Funds that have delivered market-beating, long-term performance for their shareholders."

Fidelity Growth Company Fund is a $42 billion fund with a Morningstar Analyst RatingTM of Silver, which last year beat 96% of its Morningstar peers in the Large Cap Growth category. Over Wymer's 21-year tenure on the fund, Fidelity Growth Company Fund has beaten 96% of its Morningstar peers, which includes 207 funds in the Large Cap Growth category, and outperformed its benchmark Russell 3000 Growth Index by 3.15% per year as of December 31, 2017. An investment of $10,000 in Fidelity Growth Company Fund over Wymer's tenure would be worth $87,713 as of December 31, 2017 vs. $47,930 for the benchmark — $39,783 of outperformance. Of course, past performance is no guarantee of future results.

Fidelity Growth Company Fund – Average Annual Total Returns as of 12/31/17

  1 Year 3 Years 5 Years 10 Years Expense Ratio
Fidelity® Growth Company Fund 36.76% 16.06% 19.74% 11.44% 0.77%
Russell 3000 Growth 29.59% 13.51% 17.16% 9.93%  
Large Growth 27.67% 11.06% 15.29% 8.31%  
Rank in Morningstar Category 5% 2% 2% 4%  
# of Funds in Morningstar Category 1363 1216 1109 787  
The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. Current performance may be higher or lower than the performance data quoted. See the most recent month-end performance

About Fidelity Investments

Fidelity's mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $6.8 trillion, including managed assets of $2.4 trillion as of December 31, 2017, we focus on meeting the unique needs of a diverse set of customers: helping more than 26 million people invest their own life savings, 23,000 businesses manage employee benefit programs, as well as providing more than 12,500 financial advisory firms with investment and technology solutions to invest their own clients' money. Privately held for 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

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