FLPSX: Fidelity® Low-Priced Stock

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FLPSX Fidelity® Low-Priced Stock

  • Fund
  • FLPSX
  • Price as of: Jan 17, 2020
  • $50.44
    + $0.05 + 0.10%

Profile

FLPSX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $30.4 B
  • Holdings in Top 10 32.4%

52 WEEK LOW AND HIGH

$50.44
$43.45
$50.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity® Low-Priced Stock Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Dec 27, 1989
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joel Tillinghast

Fund Description

The Fidelity® Low-Priced Stock Fund (FLPSX) is a mutual fund that invests primarily in stocks that trade below $35 at the time of purchase. The fund was launched on December 27, 1989 and is managed by Fidelity Management & Research Company’s Joel Tillinghast since its inception. With around 900 holdings, the fund has over $45 billion in assets under management (AUM) and has 80% of its holdings trading under $35 at the time of purchase.

This fund requires an initial investment of at least $2,500 for both regular and IRA accounts. Additional deposits into the fund are required to be at least $500. There is a required balance of $2,000 on this fund.
The fund seeks to invest in high quality companies with stable growth prospects and attractive valuations. The fund’s management team seeks opportunities both inside and outside its benchmark. This fund is well diversified although almost have of its holdings are in the Consumer Cyclical and Technology sectors. Regionally, most of the fund’s holdings are based in the Americas, although it is invested in both Europe and Asia.
The fund is subject to regular stock market risk, including political, regulatory, market, or economic events. This fund offers an attractive amount of diversification, which may protect investors from major losses. Investors should also take the fund’s foreign exposure into consideration when examining risk. Foreign stocks may be at risk for currency exchange rate risks, as well as political and economic risks.

The fund was closed to new investors in 2003, but reopened in 2008. Its current asset allocation features stocks of all market capitalizations, although it does focus on small- and mid-cap stocks. The fund focuses on finding low priced stocks that have long term growth expectations.


Get Updates About FLPSX

Sign up for Advisor Access to receive email updates about FLPSX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Categories

Fund Company Quick Screens

FLPSX - Fund Company Quick Screens


Performance

FLPSX - Performance

Return Ranking - Trailing

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -0.3% 2.5% 40.00%
1 Yr 8.5% -12.9% 14.8% 30.00%
3 Yr 0.6%* -8.8% 6.1% 37.50%
5 Yr 0.5%* -6.3% 3.9% 37.50%
10 Yr 4.3%* -0.6% 6.2% 40.00%

* Annualized

Return Ranking - Calendar

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
2019 15.3% -33.6% 21.9% 50.00%
2018 -20.4% -21.4% -8.4% 70.00%
2017 10.2% -9.2% 18.7% 50.00%
2016 3.6% 3.6% 18.9% 87.50%
2015 -5.0% -24.0% -2.8% 62.50%

Total Return Ranking - Trailing

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -0.3% 2.5% 40.00%
1 Yr 8.5% -16.1% 14.8% 30.00%
3 Yr 6.1%* -6.2% 7.0% 37.50%
5 Yr 5.6%* -4.4% 7.4% 37.50%
10 Yr 10.0%* 3.9% 10.1% 40.00%

* Annualized

Total Return Ranking - Calendar

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
2019 15.3% -33.6% 21.9% 50.00%
2018 -14.7% -21.2% -8.3% 80.00%
2017 20.7% -5.1% 24.4% 37.50%
2016 8.8% 5.3% 22.9% 87.50%
2015 -1.2% -24.0% 3.1% 37.50%

NAV & Total Return History


Holdings

FLPSX - Holdings

Concentration Analysis

FLPSX Category Low Category High FLPSX % Rank
Net Assets 30.4 B 7.28 M 30.4 B 10.00%
Number of Holdings 780 33 826 20.00%
Net Assets in Top 10 9.32 B 3.78 M 9.32 B 10.00%
Weighting of Top 10 32.36% 25.0% 44.0% 50.00%

Top 10 Holdings

  1. UnitedHealth Group Inc 6.06%
  2. Ross Stores Inc 3.71%
  3. Seagate Technology PLC 3.58%
  4. Metro Inc 3.58%
  5. Next PLC 3.55%
  6. Best Buy Co Inc 2.95%
  7. AutoZone Inc 2.72%
  8. Amgen Inc 2.10%
  9. MetLife Inc 2.10%
  10. Barratt Developments PLC 2.01%

Asset Allocation

Weighting Return Low Return High FLPSX % Rank
Stocks
95.60% 55.24% 97.03% 20.00%
Cash
4.34% 2.97% 23.29% 80.00%
Other
0.03% 0.00% 4.72% 20.00%
Preferred Stocks
0.01% 0.00% 0.02% 30.00%
Bonds
0.01% 0.00% 24.89% 20.00%
Convertible Bonds
0.00% 0.00% 0.00% 60.00%

Stock Sector Breakdown

Weighting Return Low Return High FLPSX % Rank
Consumer Cyclical
25.24% 10.36% 25.24% 10.00%
Healthcare
16.52% 1.22% 25.15% 30.00%
Technology
14.91% 4.72% 21.24% 50.00%
Financial Services
14.25% 2.93% 28.53% 70.00%
Consumer Defense
8.71% 0.00% 8.71% 10.00%
Industrials
8.24% 7.22% 20.01% 70.00%
Energy
4.93% 4.93% 19.22% 90.00%
Basic Materials
3.41% 0.00% 3.46% 20.00%
Utilities
1.53% 0.00% 3.66% 50.00%
Communication Services
1.34% 0.00% 8.88% 60.00%
Real Estate
0.91% 0.00% 11.69% 60.00%

Stock Geographic Breakdown

Weighting Return Low Return High FLPSX % Rank
US
55.02% 48.33% 77.34% 40.00%
Non US
40.58% 1.26% 42.69% 30.00%

Bond Sector Breakdown

Weighting Return Low Return High FLPSX % Rank
Cash & Equivalents
99.37% 2.97% 100.00% 50.00%
Corporate
0.63% 0.00% 0.63% 10.00%
Derivative
0.00% 0.00% 0.00% 60.00%
Securitized
0.00% 0.00% 0.00% 60.00%
Municipal
0.00% 0.00% 0.00% 60.00%
Government
0.00% 0.00% 62.15% 70.00%

Bond Geographic Breakdown

Weighting Return Low Return High FLPSX % Rank
US
0.01% 0.00% 24.89% 20.00%
Non US
0.00% 0.00% 0.00% 60.00%

Expenses

FLPSX - Expenses

Operational Fees

FLPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.00% 1.87% 60.00%
Management Fee 0.37% 0.00% 1.00% 30.00%
12b-1 Fee N/A 0.00% 0.50% N/A
Administrative Fee N/A 0.01% 0.08% N/A

Sales Fees

FLPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.25% 5.25% N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FLPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 66.67%

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.

FLPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 17.00% 82.00% 10.00%

Distributions

FLPSX - Distributions

Dividend Yield Analysis

FLPSX Category Low Category High FLPSX % Rank
Dividend Yield 0.00% 0.00% 0.00% 60.00%

Dividend Distribution Analysis

FLPSX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

FLPSX Category Low Category High FLPSX % Rank
Net Income Ratio 1.86% -0.22% 2.85% 50.00%

Capital Gain Distribution Analysis

FLPSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

FLPSX - Fund Manager Analysis

Managers

Joel Tillinghast


Start Date

Tenure

Tenure Rank

Dec 27, 1989

30.03

30.0%

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.

John Mirshekari


Start Date

Tenure

Tenure Rank

Sep 06, 2011

8.32

8.3%

Mr. Mirshekari has joined Fidelity Investments since 2003 and has worked as a research analyst and portfolio manager. He is also a member of FMR’s Stock Selector Large Cap Group.

Shadman Riaz


Start Date

Tenure

Tenure Rank

Sep 06, 2011

8.32

8.3%

Since joining Fidelity Investments in 2001, Mr. Riaz has worked as a research analyst and portfolio manager.

Morgen Peck


Start Date

Tenure

Tenure Rank

May 31, 2016

3.59

3.6%

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

Sam Chamovitz


Start Date

Tenure

Tenure Rank

Apr 21, 2017

2.7

2.7%

Since joining Fidelity Investments in 2007, Mr. Chamovitz has worked as a research analyst and portfolio manager.

Salim Hart


Start Date

Tenure

Tenure Rank

Apr 21, 2017

2.7

2.7%

Salim Hart, portfolio manager, is a quantitative analyst at Fidelity Investments. Salim conducts portfolio construction research, designs quantitative models for stock selection, and performs attributions to determine drivers of equity performance. Prior to joining Fidelity in 2007, Salim worked as a software developer/team leader at Esoterix Inc. and as a consultant at Stonebridge Technologies. Salim earned his BBA from the University of Texas at Austin and his MBA from MIT Sloan School of Management. He is also a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 30.03 6.57 2.6