Fidelity Low-Priced Stock (FLPSX)
It may sound like a gimmick—investing mostly in stocks that trade below $35 a share—but this strategy has worked for manager Joel Tillinghast, who has led the fund to an annualized gain of 14 percent since its 1989 inception. Given the fund's hefty asset base of more than $33 billion, it can be difficult for Tillinghast to move quickly in and out of smaller stocks. To account for this, he makes very small investments in about 800 stocks of different sizes, although mid-caps account for almost 50 percent of assets. The fund, which charges 0.99 in annual fees, also has a large international weighting, with about a third of its assets invested overseas.