Month: February 2015

Fidelity Low Priced Stock Fund Is A Value

Fidelity Low Priced Stock Fund Is A Value

A Seeking Alpha Contribution

Summary

  • Manager Joel Tillinghast has managed the fund since inception in 1989.
  • He’s racked up an annualized 14% return since inception, versus the less than 10% return of the benchmark.
  • Although it started as a small cap fund, rising assets have forced the fund to increase the average market cap of its holdings.

Established in 1989, the Fidelity Low-Priced Stock Fund (MUTF:FLPSX) was created as a vehicle to invest in out-of-favor small- and mid-cap stocks. The growing assets under management have enabled FLPSX to take on the characteristics of a mid-cap focused value fund while continuing to generate impressive results that still provides investors with high returns. Investing at least 80 percent of net assets primarily in low-priced common stocks, FLPSX seeks to generate returns primarily through capital appreciation. It has done extremely well in the past 15-years, racking up an annualized return of 12.57 percent versus the 4.47 percent return delivered by the S&P 500 Index. That level of market beating performance isn’t as likely due to rising assets, but the fund remains a solid choice for investors…. To Continue Reading Please, Click Here.

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