The Fund Grade · free · no account needed
What grade does FLPSX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Fidelity Low-Priced Stock
#270 of 500 graded active funds · value · mid segment peer group
The point · specialist footprint
FLPSX puts less of its book behind proven specialists than 83% of graded funds.
● Bottom 20%
Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
3 funds in the same segment carry an A. Members see the names and what they charge. See the alternatives →
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
FLPSX vs the Honor Roll · share card ↗Conviction exposure
4.4%
of the book in specialist-converged names
Late-stage weight
33.3%
of the book in Crowded or Fading names
Active share
93.2%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
FLPSX grades out at C, ranked 270 of 500, with specialist managers holding only 4.4% of the fund, a thin base of expert conviction. A third of the portfolio sits in late-stage or fading trades, including PCG and SANM where specialists are actively leaving. The brightest spots are early-conviction positions in WFC, OVV, and C, but they are small weights against a crowded backdrop.
→ Watch PCG and SANM closely, as specialists are fading from both and combined they represent 1.9% of the fund.
→ Compare this C-grade fund against the 3 higher-graded peers in the same segment before adding new money.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.