Fidelity Investments® Launches Industry's First Actively Managed Mutual Fund Focused on Founder-Led Companies
Fidelity Investments®, one of the industry's most diversified financial services organizations with more than $7.1 trillion in client assets, today announced the launch of Fidelity Founders Fund (FIFNX), with retail and advisor share classes.
Portfolio manager Dan Kelley will focus on investing primarily in companies where the founder is either a member of the senior management team or is on the company's board of directors. Kelley will use fundamental and quantitative analysis to find what he believes to be mispriced investment opportunities as well as companies with strong earnings growth potential across the market cap spectrum.
"Our research and experience shows us that founder-led companies tend to be more innovative, customer focused, and better generators of shareholder value than companies without founder engagement," says Kelley. "However, not every founder is created equal, which is why conducting deep fundamental analysis and rigorous on-the-ground research is crucial in seeking to deliver the best long-term value to shareholders."
Kelley is a 14-year Fidelity veteran and an 18-year industry veteran. He currently manages Fidelity Puritan Fund and Fidelity Advisor Diversified Stock Fund.
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 $7.1 trillion,
including managed assets of $2.6 trillion as of January 31, 2019, we
focus on meeting the unique needs of a diverse set of customers: helping
more than 30 million people invest their own life savings, 22,000
businesses manage employee benefit programs, as well as providing more
than 13,500 financial advisory firms with investment and technology
solutions to invest their own clients' money. Privately held for more
than 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.
Before investing, consider the fund's investment objectives, risks, charges and expenses. Please visit www.fidelity.com or institutional.fidelity.com for a prospectus or if available, a summary prospectus, containing this information.
Past performance is no guarantee of future results.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.
Fidelity, Fidelity Investments, Fidelity Investments and the pyramid logo, are registered service marks of FMR LLC.
The third party trademarks appearing herein are the property of their respective owners.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem
Street, Smithfield, RI 02917
National Financial Services LLC, Member NYSE, SIPC,
200 Seaport
Boulevard, Boston, MA 02110
Fidelity Investments Institutional Services Company, Inc.,
500
Salem Street, Smithfield, RI 02917
876309.1.0
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