Fidelity Advisor Low-Priced Stock Fund Class A

Fidelity Advisor Low-Priced Stock Fund Class A is an actively managed mutual fund that targets capital appreciation by focusing primarily on low-priced common stocks. The fund invests at least 80% of its assets in stocks trading at or below $35 per share, or those with an earnings yield above the median for the Russell 2000 Index, which is typically indicative of small- and mid-cap companies. While its core emphasis is on U.S. stocks, the fund also considers select international opportunities, providing geographic diversification. The investment philosophy is rooted in the belief that many low-priced stocks are mispriced, often due to being overlooked or misunderstood by the broader market. The portfolio management team seeks higher-quality companies with stable growth prospects that are trading at a discount to their intrinsic value, striving for a blend of value and quality. This approach is designed to capture potential upside while aiming for downside protection and lower volatility compared to the broader market, making it a notable choice for growth-oriented investors interested in the value segment of the equity market.