Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Source: Fidelity Investments as of 12/31/2020. Manager Tenure (12/27/1989–12/31/2020)
1. Morningstar Awards 2021. Morningstar, Inc. All Rights Reserved. Awarded to Joel Tillinghast, Fidelity Low Priced Stock Fund, Outstanding Portfolio Manager.
The Morningstar Awards for Investing Excellence recognize portfolio managers, asset-management firms, and up-and-coming managers that demonstrate excellent investment skill, the courage to differ from the consensus to benefit investors, and an alignment of interests with the strategies’ investors. The Morningstar Awards for Investing Excellence winners are chosen based on research and in-depth qualitative evaluation by Morningstar’s manager research group. Morningstar’s manager research analysts conduct in-depth qualitative analyses in order to select nominees and, subsequently, vote to determine the award winner. Each year, Morningstar recognizes an Outstanding Portfolio Manager, an individual or team who has produced exceptional returns over the long term. To qualify for the award, the manager’s strategy must currently earn a Morningstar Analyst Rating™ of Gold or Silver for at least one vehicle and/or share class.
Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. Investments in smaller companies may involve greater risks than those in larger, more well known companies.
Past performance is no guarantee of future results.