Fidelity Puritan benefits from low costs, topnotch fixed-income capabilities, and a deep well of analytical resources across asset classes. But it earns a Morningstar Analyst Rating of Neutral because its relatively new manager's approach to asset allocation is unproven and he’s shown mixed success elsewhere as an equity-portfolio manager.
Will FPURX 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 FPURX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FPURX 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 FPURX’s parent organization’s priorities and whether they’re in line with investors’ interests.