Business
Winners Announced for 2021 Morningstar Awards for Investing Excellence
Joel Tillinghast of Fidelity is named Outstanding Portfolio Manager; Sonali Pier of Pimco awarded Rising Talent; and Dodge & Cox is recognized for Exemplary
About this update from Morningstar, Inc.
[{"type":"text","content":"Joel Tillinghast of Fidelity is named Outstanding Portfolio Manager; Sonali Pier of Pimco awarded Rising Talent; and Dodge & Cox is recognized for Exemplary Stewardship\n\n\nCHICAGO, June 21, 2021 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced winners of the 2021 Morningstar Awards for Investing Excellence. The awards recognize portfolio managers, asset management firms, and up-and-coming managers, who demonstrate the industry's very best attributes, including investment skill and an alignment of interests with the strategies' investors. \nMorningstar selects leaders in three categories: Outstanding Portfolio Manager, Exemplary Stewardship, and Rising Talent. The winners will be featured on CNBC's \"Power Lunch\" program today and throughout the week.\n\"Our 2021 winners represent the best in the asset management industry,\" said Sarah Bush, director of manager research, North America for Morningstar. \"They stand out for their investing acumen and an 'investors first' ethos that has driven strong results.\"\nThe 2021 Morningstar Awards for Investing Excellence winners in the U.S. are:\nOutstanding Portfolio Manager: Joel Tillinghast, FidelitySince taking the helm in late 1989 through May 2021, Tillinghast shaped Fidelity Low-Priced Stock's (FLPSX) long-term track record to be among the industry's best. The fund holds a Morningstar Analyst Rating™ of Silver. Tillinghast distinguishes the portfolio through its exposure to international markets while a preference for consumer cyclical names and a typically lighter financials stake also help the portfolio stand out.\n\"Joel looks for resilient companies with staying power, doesn't chase fads, avoids firms that lack enduring competitive advantages or load up on debt, and scrutinizes executives' integrity and prowess,\" said Robby Greengold, strategist for Morningstar. \"Though this patient and risk-conscious approach can lag during bull markets, the fund's steady gains, subdued volatility, and impressive downside protection have kept its risk-adjusted results consistently strong.\"\nExemplary Stewardship: Dodge & CoxDodge & Cox's strategies have delivered impressive long-term performance overall, and the firm makes it a practice to price funds in the bottom quartile of their peer groups. The firm stands out fo...