Fidelity Advisor Low-Priced Stock Fund - Class C (FLPEX)

Overview

This fund is strategically positioned to invest primarily in common stocks, focusing on those deemed as low-priced—defined as stocks priced at or below $35 per share or with an earnings yield at or above the median for the Russell 2000® Index. This approach naturally inclines the fund's investments towards small and medium-sized companies, although it does not entirely preclude investments in stocks that are not categorized as low-priced. Moreover, the fund is open to investing in both domestic and foreign issuers, thereby diversifying its investment portfolio geographically. The investment strategy does not strictly favor growth or value stocks but rather embraces both, allowing for a balanced and flexible investment approach that can adapt to different market conditions.

Products and Services

• Common Stocks Investments
  

  At the core of its portfolio, the fund concentrates on investing in common stocks, leveraging the potential for capital appreciation. This includes a significant portion of the fund's assets being allocated to low-priced stocks, targeting those that are priced at or below $35 per share or have an earnings yield that is at or above the median for the Russell 2000® Index. This strategy is aimed at uncovering value in smaller companies that might be overlooked by other investors.

• Small and Medium-Sized Companies Investments
  

  Dedicated to tapping into the growth potential of small and medium-sized enterprises (SMEs), the fund invests at least 80% of its assets in low-priced stocks. This commitment not only seeks out potential market inefficiencies for capital gains but also supports the fundament of the economy represented by these smaller entities. By focusing on these segments, the fund can potentially yield significant returns from companies as they grow and mature.

• Domestic and Foreign Issuers
  

  Recognizing the importance of diversification, the fund extends its investment reach beyond domestic markets to include foreign issuers. This global investment approach allows the fund to capitalize on opportunities in international markets, mitigating the risk associated with focusing exclusively on domestic stocks. It enhances the potential for portfolio growth by exploring diverse economic regions and sectors worldwide.

• Growth and Value Stocks
  

  In its quest to maximize returns, the fund does not limit itself to either growth or value stocks exclusively. Instead, it aims to strike a balance by investing in both types. Growth stocks offer the potential for exponential growth from companies that are expected to generate above-average earnings in the future. Alternatively, value stocks represent companies that are believed to be undervalued by the market and thereby present an opportunity for value appreciation. This dual approach enables the fund to take advantage of different market cycles and conditions, enhancing the potential for achieving superior returns.