Fidelity announced on July 27, 2022, that John Mirshekari, comanager of Fidelity Low-Priced Stock, has left the firm to spend more time with his family. He ran a small slice of the fund devoted to industrials that is now run by lead managers Sam Chamovitz, Morgen Peck, and Joel Tillinghast, who collectively manage more than 95% of the fund's assets. Because its team remains largely intact, the fund's Morningstar Analyst Ratings are unchanged.
Fidelity® Low-Priced Stock FLPSX
NAV / 1-Day Return
42.11
/
2.08
%
Total Assets
27.5 Bil
Adj. Expense Ratio
0.650%
Expense Ratio
0.650%
Fee Level
Low
Longest Manager Tenure
32.76
years
Category
Mid-Cap Value
Investment Style
Mid ValueMin. Initial Investment
0
Status
Open
TTM Yield
1.54%
Turnover
21%
Morningstar’s Fund Analysis FLPSX
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.
Sector-Focused Comanager of Fidelity Low-Priced Stock Departs; Ratings Unchanged
