A legendary investor’s disciplined approach combined with low fees and Morningstar’s enhanced ratings methodology underlie the upgrade of Fidelity Low-Priced Stock's Morningstar Analyst Rating to Gold from Silver for its K share class. The fund’s no-load and K6 share classes remain Silver.
Will FLPSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FLPSX’s parent organization’s priorities and whether they’re in line with investors’ interests.