The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMCHX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FMCHX 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 FMCHX’s parent organization’s priorities and whether they’re in line with investors’ interests.
New manager off to a strong start.
Eric Schultz
Analyst
Summary
Fidelity Mid-Cap Stock’s manager is off to a strong start but has more to prove; the strategy retains Average People and Process Pillar ratings.