Investment Manager Due Diligence

Return to List 6/13/05 First Quarter 2005* Fidelity Growth Company Fund The Fidelity Growth Company Fund is the investment option available in FRS Investment Plan's Small/Mid-Cap Growth category. For the period ended March 2005, performance gross of fees has been below the median of its Mid Cap Growth peer group over the 1-, 3- and 5-year periods. Some of the Fund's risk-adjusted measures and risk measures also compare unfavorably to the peer median over both the 3- and 5-year periods (e.g., excess return ratio and Sharpe Ratio), indicating that the Fund's extra risk has not been rewarded by commensurately higher returns. *Please note that in providing this information, the SBA is not in any way intending to influence or inform your investment decisions. Also, this list can change at any time without prior notice from the SBA.