Matt Friedman has evolved his approach in his second stint as Fidelity Value Strategies' lead manager, but he has more to prove. The strategy’s single share class merits a Morningstar Analyst Rating of Neutral.
Will FSOAX 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 FSOAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FSOAX 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 FSOAX’s parent organization’s priorities and whether they’re in line with investors’ interests.