FLPEX Mutual Fund — Fidelity Advisor Low-Priced Stock Fund - Class C

Fidelity Advisor Low-Priced Stock Fund - Class C (FLPEX)

Updated October 15, 2026.

FLPEX is a Mutual Fund. its distribution rate is 2.57%, its trailing-12-month yield is 2.57%, its expense ratio is 1.91%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 27.7% over the past 2 years, 8.5 points behind SPY at 36.2%.

Fidelity Advisor Low-Priced Stock Fund - Class C is a mutual fund that invests primarily in common stocks priced at or below $35 per share or meeting earnings yield criteria, typically resulting in exposure to small and medium-sized companies across both growth and value styles. The fund carries an expense ratio of 1.91% and distributes income at a modest rate. This fund may appeal to equity investors seeking exposure to low-priced stocks across the market capitalization spectrum.

FLPEX performance versus SPY

Price and return data through 2026-10-15.

Total return is 27.7% over the past 2 years, 8.5 points behind SPY at 36.2%. Over the past year its total return — price change plus distributions reinvested — is 5.7%. Its deepest 1-year drawdown was 15.7%.

FLPEX key facts

Distribution Safety Score™

50 · Unproven

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

1.91%

Distribution rate

2.57%

Trailing yield

2.57%

Last close

$41.41 (as of 2026-10-15)

NAV

$42.65 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-15, NAV 2026-09-30) (NAV stale)

AUM

$23,189,018,624

Average volume

0.0

Dividend

$4.265

Ex-dividend date

09/11/2026

Beta

0.86

How Dividend Vision calculates yield and returns

Distribution rate (2.57%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.57%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FLPEX risks and drawbacks

FLPEX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 15.7%.

Who may consider FLPEX — and who may not

FLPEX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FLPEX

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Tagged: Mutual Fund.

Frequently asked questions

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