The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCPVX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FCPVX 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 FCPVX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A new manager takes the lead.
Eric Schultz
Analyst
Summary
A recent hand-off to a relatively untested solo manager warrants caution. Fidelity Small Cap Value receives Average People and Process ratings.