Despite the impending departure and significant loss of Fidelity Low-Priced Stock's outstanding portfolio manager, Joel Tillinghast, this mid-value equity strategy will remain in the capable hands of two new leads with demonstrable success at other, smaller funds. The strategy earns a Morningstar Analyst Rating of Bronze.
Will FLPSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLPSX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FLPSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FLPSX’s parent organization’s priorities and whether they’re in line with investors’ interests.