A Smaller-Cap Fund for Risk-Averse Investors
Silver-rated Fidelity Low-Priced Stock offers a unique, well-executed strategy despite its large size.
Robby Greengold: Risk-averse investors wanting exposure to small- and mid-cap equities should feel comfortable holding Fidelity Low-Priced Stock, which carries a Morningstar Analyst Rating of Silver.
Manager Joel Tillinghast uses a value-oriented strategy that focuses on competitively advantaged, financially sound businesses that he considers to be worthwhile long-term holdings. His approach is well-defined and consistently delivers a portfolio full of relatively inexpensive businesses with benchmark-beating returns on equity and modest debt.
Robby Greengold, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.