For the first quarter, the fund's Retail Class shares gained 0.95%, outpacing the 0.89% advance of the benchmark, the Russell 2000® Index.
In the first quarter, energy stocks gained 38% and led the market by a wide margin, as the global price of crude oil spiked in March.
As 2026 progresses, we continue to find many investments outside the U.S. to be attractive, given the valuation gap that exists following an extended period of significant U.S. equity outperformance.
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Investment Approach
Fidelity® Low-Priced Stock Fund uses an opportunistic approach in seeking undervalued stocks. It focuses mostly on small- and mid-cap companies, including overseas. Most holdings have share prices below $35 per share or an earnings yield at or above
