3 Funds Run by Topnotch Managers
We look at the nominees for Morningstar's Outstanding Portfolio Manager award and their funds.
Susan Dziubinski: Hi, I'm Susan Dziubinski for Morningstar. Last month, we introduced the Morningstar Awards for Investing Excellence. We nominated several topnotch professionals for the Outstanding Portfolio Manager award. Here is a look at some of the nominees and their funds. All of these funds are currently open to new investors.
Robby Greengold: Joel Tillinghast has managed Fidelity Low-Priced Stock for nearly 30 years. Since the fund's 1989 inception, Tillinghast has steadily built one of the finest track records of any fund in the mid- or small-cap Morningstar Categories. He has achieved that by reliably preserving shareholder capital while participating healthily on the upside. And that pattern derives from Tillinghast's extraordinarily methodical approach, his ability to spot high-quality companies, and his refusal to chase short-term fads. This portfolio is broadly diversified across hundreds of companies, and for each of those positions, Tillinghast focuses on the long run. Tillinghast is really looking for resilient businesses that have staying power. What that means in practice is that he is avoiding, or he is trying to avoid, companies that lack an enduring competitive advantage. He steers clear of companies that are loaded up on too much debt. And he looks for honest, capable management that he feels like he can invest with for the long run. Almost without fail, this strategy has offered equity investors refuge during periods of market volatility. And with Tillinghast's steady hand at the wheel, we continue to have high confidence in this Silver-rated fund.
Alaina Bompiedi does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.