Fund Spy

This Massive Fund Continues to Beat the Odds

Robby Greengold
The following is our latest Fund Analyst Report for Fidelity Low-Priced Stock (FLPSX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

Fidelity Low-Priced Stock earns a Morningstar Analyst Rating of Silver for its veteran portfolio manager and disciplined investment process, both of which consistently prove their worth.

During his nearly 30 years at the helm, Joel Tillinghast has steadily built one of the finest track records of any fund in the small- or mid-cap Morningstar Categories. His cool-headedness has been key to his success. As a long-term investor, he looks for resilient companies with staying power and doesn't chase fads. He tries to avoid firms that lack an enduring competitive advantage, steers clear of those loaded up with too much debt, and scrutinizes their leadership's integrity and prowess.

Robby Greengold does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.