FLPSX: Fidelity® Low-Priced Stock

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FLPSX Fidelity® Low-Priced Stock

  • Fund
  • FLPSX
  • Price as of: Nov 11, 2019
  • $47.72 - $0.07 - 0.15%
  • Primary Category
  • Uncategorized

FLPSX - Profile

Vitals

  • YTD Return 10.0%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $28.9 B
  • Holdings in Top 10 30.3%

52 WEEK LOW AND HIGH

$47.72
$41.50
$49.89

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 1.50%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.0%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 4.4%
  • 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 C. 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.

FLPSX - Fund Company Quick Screens

FLPSX - Performance

Return Ranking - Trailing

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.0% -3.0% 16.6% 63.64%
1 Yr -3.8% -23.2% 3.5% 54.55%
3 Yr -0.6%* -5.8% 6.4% 33.33%
5 Yr -0.9%* -8.5% 3.0% 33.33%
10 Yr 4.5%* -0.3% 6.4% 75.00%

* Annualized


Return Ranking - Calendar

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.4% -22.0% -8.4% 45.45%
2017 10.2% -9.2% 18.7% 44.44%
2016 3.6% 3.6% 19.2% 88.89%
2015 -5.0% -25.5% -2.8% 33.33%
2014 1.6% -11.5% 4.8% 33.33%

Total Return Ranking - Trailing

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.0% -3.0% 16.6% 63.64%
1 Yr -3.8% -21.5% 3.5% 54.55%
3 Yr 5.5%* -2.6% 7.0% 44.44%
5 Yr 4.4%* -4.8% 6.7% 33.33%
10 Yr 10.2%* 4.2% 10.2% 25.00%

* Annualized


Total Return Ranking - Calendar

Period FLPSX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.7% -21.2% -8.3% 54.55%
2017 20.7% -5.1% 24.4% 33.33%
2016 8.8% 5.3% 22.9% 88.89%
2015 -1.2% -25.5% 3.1% 33.33%
2014 7.9% -1.3% 12.0% 77.78%

NAV & Total Return History

FLPSX - Holdings

Concentration Analysis

FLPSX Category Low Category High FLPSX % Rank
Net Assets 28.9 B 14 M 28.9 B 18.18%
Number of Holdings 799 34 819 27.27%
Net Assets in Top 10 9.03 B 4.49 M 9.03 B 18.18%
Weighting of Top 10 30.34% 24.5% 38.0% 72.73%

Top 10 Holdings

  1. UnitedHealth Group Inc 6.04%

  2. Ross Stores Inc 3.59%

  3. Metro Inc 3.21%

  4. Best Buy Co Inc 3.14%

  5. Next PLC 2.98%

  6. Seagate Technology PLC 2.79%

  7. AutoZone Inc 2.62%

  8. MetLife Inc 2.25%

  9. Barratt Developments PLC 1.87%

  10. Ansys Inc 1.84%


Asset Allocation

Weighting Return Low Return High FLPSX % Rank
Stocks
94.00% 56.05% 97.03% 63.64%
Cash
5.93% 2.97% 21.72% 54.55%
Other
0.03% 0.00% 4.85% 27.27%
Bonds
0.02% 0.00% 17.39% 27.27%
Preferred Stocks
0.01% 0.00% 0.02% 27.27%
Convertible Bonds
0.00% 0.00% 0.00% 45.45%

Stock Sector Breakdown

Weighting Return Low Return High FLPSX % Rank
Consumer Cyclical
23.83% 9.26% 23.83% 18.18%
Financial Services
14.02% 8.95% 25.49% 81.82%
Technology
13.19% 5.95% 13.23% 27.27%
Healthcare
12.51% 0.56% 22.51% 36.36%
Consumer Defense
10.22% 0.00% 10.22% 18.18%
Industrials
7.43% 7.26% 13.58% 90.91%
Energy
5.17% 5.17% 19.22% 100.00%
Basic Materials
4.47% 0.00% 4.47% 18.18%
Utilities
1.56% 0.00% 6.05% 72.73%
Real Estate
0.97% 0.00% 10.45% 63.64%
Communication Services
0.51% 0.00% 4.72% 54.55%

Stock Geographic Breakdown

Weighting Return Low Return High FLPSX % Rank
US
56.25% 48.02% 77.34% 63.64%
Non US
37.75% 2.01% 41.21% 36.36%

Bond Sector Breakdown

Weighting Return Low Return High FLPSX % Rank
Cash & Equivalents
5.94% 2.97% 21.72% 54.55%
Corporate
0.03% 0.00% 0.03% 18.18%
Derivative
0.00% 0.00% 0.00% 45.45%
Securitized
0.00% 0.00% 0.00% 45.45%
Municipal
0.00% 0.00% 0.00% 45.45%
Government
0.00% 0.00% 17.39% 54.55%

Bond Geographic Breakdown

Weighting Return Low Return High FLPSX % Rank
US
0.02% 0.00% 17.39% 27.27%
Non US
0.00% 0.00% 0.00% 45.45%

FLPSX - Expenses

Operational Fees

FLPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.00% 2.00% 63.64%
Management Fee 0.37% 0.00% 0.75% 36.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% 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 1.00% 1.00% N/A

Trading Fees

FLPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.50% 1.50% 2.00% 100.00%

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.

FLPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 17.00% 82.00% 18.18%

FLPSX - Distributions

Dividend Yield Analysis

FLPSX Category Low Category High FLPSX % Rank
Dividend Yield 0.00% 0.00% 1.02% 72.73%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLPSX Category Low Category High FLPSX % Rank
Net Income Ratio 1.86% -0.33% 2.61% 36.36%

Capital Gain Distribution Analysis

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

FLPSX - Managers

Joel C. Tillinghast

Manager

Start Date

Tenure

Tenure Rank

Dec 27, 1989

29.86

29.9%

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

Manager

Start Date

Tenure

Tenure Rank

Sep 06, 2011

8.16

8.2%

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

Manager

Start Date

Tenure

Tenure Rank

Sep 06, 2011

8.16

8.2%

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


Morgen Peck

Manager

Start Date

Tenure

Tenure Rank

May 31, 2016

3.42

3.4%

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


Sam Chamovitz

Manager

Start Date

Tenure

Tenure Rank

Apr 21, 2017

2.53

2.5%

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


Salim Hart

Manager

Start Date

Tenure

Tenure Rank

Apr 21, 2017

2.53

2.5%

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

0.08

Category High

29.86

Category Average

9.49

Category Mode

2.43