Fidelity Low-Priced Stock Fund

Frequently Asked Questions About FLPSX

What does FLPSX invest in?

The Fidelity Low-Priced Stock Fund primarily seeks investment opportunities in common equities. It is mandated to allocate at least 80% of its assets to stocks categorized as "low-priced," which are defined as shares trading at $35 or less, or those exhibiting an earnings yield equal to or greater than the median for the Russell 2000® Index. This particular investment mandate often directs the fund towards small and medium-sized enterprises. The portfolio maintains the flexibility to incorporate stocks that do not fit the "low-priced" definition, and it may invest in both U.S. and international companies. Furthermore, its investment approach can encompass growth-oriented strategies, value-oriented strategies, or a combination thereof.

What is the expense ratio of FLPSX?

Fidelity Low-Priced Stock Fund (FLPSX) charges an expense ratio of 0.87%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FLPSX?

Fidelity Low-Priced Stock Fund (FLPSX) manages $23.09B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is FLPSX actively managed or an index fund?

FLPSX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FLPSX's is 0.87%) because there's no security selection cost.

When was FLPSX launched?

Fidelity Low-Priced Stock Fund (FLPSX) launched in December 1989 and is managed by Fidelity.

How has FLPSX performed?

FLPSX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.