The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCAKX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FCAKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FCAKX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The new manager had a nice start.
Todd Trubey
Senior Analyst
Summary
Fidelity Capital Appreciation’s skilled portfolio manager has a solid process, earning Above Average People and Process ratings.