Morningstar

Fidelity Advisor Low-Priced Stock Fund - Class M FLPDX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FLPDX

Will FLPDX outperform in the 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 FLPDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FLPDX 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 FLPDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An inimitable, value-focused strategy that leans on US stocks but explores the globe.

Principal Robby Greengold

Robby Greengold

Principal

Summary

Fidelity Low-Priced Stock’s seasoned leadership is well-suited to run its patient, risk-averse investment approach, and it retains Above Average ratings for both its People and Process Pillars. Even so, its appetite for international fare warranted a recent recategorization of the fund to the global small/mid-stock Morningstar Category—where Morningstar’s calculation of the excess return opportunity for funds differs from its prior category, mid-cap value—leading to changes in some of the share classes’ Morningstar Medalist Ratings.

by Robby Greengold
Rated on Published on

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