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FLPKX Fidelity® Low-Priced Stock K

  • Fund
  • FLPKX
  • Price as of: Aug 08, 2016
  • $49.55
  • + $0.01
  • + 0.02%
  • Category
  • Mid Cap Value Equities

FLPKX - Profile

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 7.3%
  • 5 Yr Annualized Return 10.9%
  • Net Assets $40 B
  • Holdings in Top 10 23.1%

52 WEEK LOW AND HIGH

$49.55
$42.84
$49.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee 1.50%

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Value

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 10.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.11%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Low-Priced Stock Fund
  • Fund Family Name Fidelity Investments
  • Inception Date May 09, 2008
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Justin Bennett

Fund Description

The fund normally invests primarily in common stocks and invests at least 80% of assets in low-priced stocks (those priced at or below $35 per share), which can lead to investments in small and medium-sized companies. It potentially invests in stocks not considered low-priced and in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both.

FLPKX - Performance

Return Ranking - Trailing

Period FLPKX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -22.1% 16.5% 75.71% 4
1 Yr -1.4% -23.6% 21.3% 73.58% 4
3 Yr 7.3% * -9.8% 12.9% 54.91% 3
5 Yr 10.9% * -4.5% 14.8% 46.18% 3
10 Yr 8.4% * -0.9% 11.6% 19.43% 1

* Annualized


Return Ranking - Calendar

Period FLPKX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.0% -30.4% 5.4% 14.79% 1
2014 N/A 0.6% 1.6% N/A N/A
2013 N/A 25.2% 34.4% N/A N/A
2012 N/A 10.6% 12.9% N/A N/A
2011 N/A -6.9% -0.9% N/A N/A

Total Return Ranking - Trailing

Period FLPKX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -22.1% 16.5% 77.75% 4
1 Yr -1.4% -27.5% 16.3% 64.62% 4
3 Yr 7.3% * -10.8% 12.9% 46.68% 3
5 Yr 10.9% * -5.6% 14.8% 41.36% 3
10 Yr 8.4% * -0.9% 11.6% 18.79% 1

* Annualized


Total Return Ranking - Calendar

Period FLPKX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.0% -30.4% 5.4% 15.00% 1
2014 N/A 0.6% 6.8% N/A N/A
2013 N/A 39.2% 45.1% N/A N/A
2012 N/A 17.0% 24.0% N/A N/A
2011 N/A -0.6% 1.0% N/A N/A

NAV & Total Return History

FLPKX - Holdings

Filings data as of: Apr 30, 2016

Concentration Analysis

FLPKX Category Low Category High FLPKX % Rank Quintile
Net Assets 40 B 313 K 40 B 0.24% 1
Number of Holdings 887 20 2667 0.47% 1
Net Assets in Top 10 9.25 B 105 K 9.25 B 0.24% 1
Weighting of Top 10 23.1% 6.5% 70.0% 15.33% 3

Top 10 Holdings

  1. Next PLC 2.71%
  2. UnitedHealth Group Inc 5.60%
  3. Seagate Technology PLC 1.50%
  4. Best Buy Co Inc 2.43%
  5. Metro Inc 2.33%
  6. Ross Stores Inc 2.51%
  7. Barratt Developments PLC 1.45%
  8. AutoZone Inc 1.55%
  9. DCC PLC 1.56%
  10. Unum Group 1.49%

Asset Allocation

Weighting Category Low Category High FLPKX % Rank Quintile
Stocks
86.96% 51.16% 120.34% 27.12% 5
Cash
13.00% -0.15% 47.44% 2.12% 1
Other
0.02% -20.92% 6.98% 6.60% 2
Bonds
0.01% -0.05% 20.79% 3.54% 1
Preferred Stocks
0.00% 0.00% 12.59% 3.30% 4
Convertible Bonds
0.00% 0.00% 2.18% 2.36% 4

Stock Sector Breakdown

Weighting Category Low Category High FLPKX % Rank Quintile
Consumer Cyclical
24.80% 0.00% 32.31% 1.18% 1
Technology
13.25% 0.00% 25.34% 7.31% 1
Healthcare
12.06% 0.00% 18.44% 3.30% 1
Financial Services
11.95% 0.00% 37.79% 27.36% 5
Consumer Defense
8.63% 0.00% 16.10% 4.72% 1
Industrials
7.45% 0.00% 44.87% 28.30% 5
Energy
4.64% -2.51% 37.42% 23.58% 5
Basic Materials
2.36% 0.00% 19.17% 23.82% 5
Real Estate
1.07% -1.31% 51.75% 25.47% 5
Utilities
0.40% -0.07% 16.79% 24.76% 5
Communication Services
0.25% 0.00% 6.84% 14.15% 3

Stock Geographic Breakdown

Weighting Category Low Category High FLPKX % Rank Quintile
US
52.72% 42.66% 120.34% 31.13% 5
Non US
34.24% -0.17% 34.24% 0.24% 1

Bond Sector Breakdown

Weighting Category Low Category High FLPKX % Rank Quintile
Cash & Equivalents
13.00% -0.06% 47.44% 1.65% 1
Derivative
0.01% -0.07% 20.96% 0.71% 1
Corporate
0.01% 0.00% 22.38% 6.15% 2
Securitized
0.00% 0.00% 4.80% 0.71% 4
Municipal
0.00% 0.00% 0.02% 0.47% 4
Government
0.00% 0.00% 20.79% 1.42% 4

Bond Geographic Breakdown

Weighting Category Low Category High FLPKX % Rank Quintile
US
0.01% -0.05% 20.79% 3.30% 1
Non US
0.00% 0.00% 1.52% 0.94% 4

FLPKX - Expenses

Operational Fees

FLPKX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.69% 0.08% 19.64% 39.62% 1
Management Fee 0.63% 0.04% 1.26% 7.55% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FLPKX Fees (% of AUM) Category Low Category High FLPKX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FLPKX Fees (% of AUM) Category Low Category High FLPKX Rank Quintile
Max Redemption Fee 1.50% 0.50% 2.00% 5.13% 3

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLPKX Fees (% of AUM) Category Low Category High FLPKX Rank Quintile
Turnover 9.00% 4.00% 493.00% 21.46% 1

FLPKX - Distributions

Dividend Yield Analysis

FLPKX Category Low Category High FLPKX % Rank Quintile
Dividend Yield 0.7% 0.00% 2.23% 2.38% 1

Dividend Distribution Analysis

FLPKX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FLPKX Category Low Category High FLPKX % Rank Quintile
Net Income Ratio 1.11% -3.26% 5.97% 11.79% 1

Capital Gain Distribution Analysis

FLPKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FLPKX - Managers

Justin Bennett

Manager

Start Date

Sep 06, 2011

Tenure

4.9

Tenure Rank

9.8%

Bennett is a portfolio manager with Fidelity Investments. He joined Fidelity Investments as a research analyst in August 2005. Previously, he was an equity research associate at Morgan Stanley.


Katherine Buck

Manager

Start Date

Sep 06, 2011

Tenure

4.9

Tenure Rank

9.8%

Ms. Buck has worked as a research analyst and portfolio manager of Fidelity. Before joined fidelity, he worked in Wayne Hummer Management as a portfolio manager in May 2008. From March 2006 until December 2007, she was employed as a small cap value portfolio manager for Magnetar Capital LLC, a multi-strategy hedge fund. In that capacity she managed capital within the hedge fund and also launched a fund for outside investors in July 2007, which ceased operations in February 2008. Buck spent the first 10 years of her career at Fidelity Management & Research in Boston.


John Mirshekari

Manager

Start Date

Sep 06, 2011

Tenure

4.9

Tenure Rank

9.8%

Since joining Fidelity Investments in 2003, Mr. Mirshekari has worked as a research analyst and portfolio manager.


Shadman Riaz

Manager

Start Date

Sep 06, 2011

Tenure

4.9

Tenure Rank

9.8%

Shadman Riaz is co-manager of Series Small Cap Opportunities Fund, which he has managed since October 2009. Since joining Fidelity Investments in 2001, Mr. Riaz has served as a research analyst and portfolio manager.


Joel C. Tillinghast

Lead Manager

Start Date

Dec 27, 1989

Tenure

26.61

Tenure Rank

0.2%

Joel Tillinghast is a portfolio manager for Fidelity Investments. He joined Fidelity Investments in 1986 as an equity analyst covering the tobacco, coal, natural gas, personal care products, and appliance industries. He later served as portfolio assistant on Fidelity OTC Portfolio, a fund available to U.S. investors. Mr. Tillinghast received a Bachelor of Arts degree in economics from Wesleyan University, in Connecticut, and an MBA from the Kellogg School of Management at Northwestern University.


James M. Harmon

Manager

Start Date

Sep 06, 2011

Tenure

4.9

Tenure Rank

9.8%

Harmon is a portfolio manager with Fidelity Investments, his employer since 1995. He joined the firm as an equity analyst covering biotechnology and smaller health-care services companies. Previously, Mr. Harmon has worked as a research analyst, portfolio assistant in Fidelity Investments. Before that he was a junior analyst with Essex Investment Management Co., Inc.


Morgen Peck

Manager

Start Date

May 31, 2016

Tenure

0.17

Tenure Rank

16.7%

Joining Fidelity Investments in 2003, Ms. Peck has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.94

Category Mode

1.6