Skip to Content
Premium Article

Tanker Fund Sails Past Peers

Again and again, Fidelity Low-Priced Stock beats its competition.

Mentioned: , ,

Fidelity Low-Priced Stock Fund (FLPSX) hardly ever seems to miss a beat.

In 2000, the fund--by far the category's largest--beat a majority of its rivals for the 10th time in 11 years, and it's off to a solid start in 2001, too. Last year, some savvy picks among homebuilders and health-care stocks gave the fund a huge lift, and it beat the category average by 1.8 percentage points. So far in 2001, the fund has gotten a boost from a number of sources. Former top-holding Dallas Semiconductor (DS) agreed to a takeover at a sizable premium and is up well more than 30% for the year through February 7, 2001. Several of Tillinghast's retail picks, including Black Box (BOX) and Ross Stores (ROSS), have also posted sizable gains in 2001's early going. So far this year, the fund is ahead of 80% of its peers.

This article is exclusive to Morningstar Premium members.

Start a 14-Day Free Trial

Scott Cooley does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.