 | Will is dedicated to the long-term benefits of active management. During his 33-year manager tenure, the Fidelity® Contrafund® (FCNTX) has averaged an incredible 13.28% annualized average return, more than 2% greater than the annual returns from the benchmark S&P 500 Index.* The Fidelity Contrafund is an actively managed domestic equity fund that seeks long-term growth of capital and can be an appropriate core equity holding for investors seeking broad exposure to companies we think have "best-of-breed" qualities and are underappreciated by other investors. This includes companies that have shown a strong competitive position, high returns on capital, and solid free cash flow generation, as well as management teams that have been stewards of shareholder capital. Market corrections occur, so staying the course with a skilled manager may benefit shareholders over the long term. |
FAQs
Why is Fidelity Contrafund dropping? ›
One substantial disadvantage drove the rating downgrade for this otherwise excellent fund, says Morningstar's analyst. Fidelity Contrafund FCNTX remains excellent, but its colossal asset base is a substantial disadvantage and warrants a Morningstar Analyst Rating downgrade to Silver from Gold.
Who is the manager of Fidelity Contrafund? ›William Danoff is the single manager of the Fidelity Investments' flagship mutual fund Contrafund.
Is Fidelity Contrafund good investment? ›Key Morningstar Metrics for Fidelity Contrafund
The fund's roughly 13% annualized gain over the past decade beat the S&P 500 (the fund's broad-market prospectus benchmark) and ranked among the best-performing third of funds in either the large-blend or large-growth Morningstar Categories.
Historical Fund Information
Other: This fund executed a 10-for-1 share split.
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. The SIPC will cover up to $500,000 in securities, including a $250,000 limit for cash held in a brokerage account.
Is contrafund better than sp 500? ›On average, the Fidelity Contrafund has beaten the S&P 500 Index by 2.57% per year. Growth of $10,000 invested in Contrafund versus S&P 500 Index, September 17, 1990 to December 31, 2023. Total value December 31, 2023 for Contrafund was $637,227, compared to $296,182 for the S&P 500 Index.
Who is the best fund manager at Fidelity? ›For the better part of 14 years, Sonu Kalra has stayed one step ahead of the pack, posting top-performing returns as manager of the Fidelity Blue Chip Growth fund FBGRX. Fidelity Blue Chip Growth, which today has $43.6 billion in assets, took its lumps during the 2022 bear market.
What are the top 10 holdings in Fidelity Contrafund? ›- META. Meta Platforms, Inc. 14.78%
- BRK.A. BRK.A 8.76%
- MSFT. Microsoft Corporation 6.67%
- NVDA. NVIDIA Corporation 6.66%
- AMZN. Amazon.com, Inc. 6.39%
- LLY. Eli Lilly and Company 3.06%
- AAPL. Apple Inc. 2.81%
- GOOGL. Alphabet Inc. 2.22%
A contra fund takes a contrarian view of an asset, when it either witnesses exuberant demand from investors or is shunned by them at a particular point in time due to short-term triggers.
What is the Fidelity Contrafund forecast? ›Average Price Target
Based on 303 Wall Street analysts offering 12 month price targets to Fidelity Contra Fund holdings in the last 3 months. The average price target is $21.56 with a high forecast of $24.56 and a low forecast of $17.85. The average price target represents a 10.60% change from the last price of $19.49.
Is Fidelity as good as Vanguard? ›
While Fidelity wins out overall, Vanguard is the best option for retirement savers. Its platform offers tools and education focused specifically on retirement planning.
What is the rate of return on Fidelity Contrafund? ›| Return Type | 1 Yr | 10 Yrs |
|---|---|---|
| FUND Fidelity® Contrafund® | 36.18% | 14.31% |
| PRIMARY BENCHMARK S&P 500 Close | 22.66% | 12.41% |
| MORNINGSTAR CATEGORY AVERAGE Large Growth Close | 29.19% | 12.85% |
| Rank in Morningstar Category | 16% | 24% |
Last dividend for Fidelity Contra Fund (FCNTX) as of May 23, 2024 is 0.08 USD. The forward dividend yield for FCNTX as of May 23, 2024 is 0.40%. Average dividend growth rate for stock Fidelity Contra Fund (FCNTX) for past three years is -17.24%.
What type of fund is Fidelity Contrafund? ›The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. The fund is the "largest solely managed active equity mutual fund in the world," according to Fidelity.
Who is the largest shareholder of Fidelity? ›Largest shareholders include BlackRock Inc., Vanguard Group Inc, Windacre Partnership Llc, State Street Corp, Brave Warrior Advisors, LLC, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Charles Schwab Investment Management Inc, Victory Capital Management Inc, DVY - iShares Select Dividend ETF, and ...
Who should invest in contra fund? ›Investments are made considering the long-term potential of these stocks to grow. Hence, if you have short-term goals or want quick returns, you must avoid investing in Contra funds. While many professionals and experienced investors favour contra funds, a few others don't.
What is the Fidelity Contrafund investment strategy? ›No credit union guarantee. Fidelity® Contrafund® is an opportunistic, diversified equity strategy with a large-cap growth bias. Philosophically, we believe stock prices follow companies' earnings, and those companies that can deliver durable multiyear earnings growth provide attractive investment opportunities.