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.
Fidelity® Low-Priced Stock FLPSX
NAV / 1-Day Return
47.36
/
2.33
%
Total Assets
30.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.650%
Expense Ratio
0.650%
Fee Level
Low
Longest Manager Tenure
32.49
years
Category
Mid-Cap Value
Investment Style
Mid ValueMin. Initial Investment
0
Status
Open
TTM Yield
1.44%
Turnover
21%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FLPSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of FLPSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A worthwhile strategy both before and beyond the retirement of its legendary leader.
