 | 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
Is Fidelity Contrafund still closed to new investors? ›
Shares of the fund are only available for purchase by mutual funds for which FMR or an affiliate serves as investment manager. This fund is closed to new investors.
Who is the manager of Fidelity Contrafund? ›William Danoff is the single manager of the Fidelity Investments' flagship mutual fund Contrafund.
Is Fidelity Contrafund a good investment? ›FCNTX holds a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.
Did Fidelity Contrafund split? ›In addition to the $131 billion Contrafund, the funds undergoing the share splits on Friday include Growth Company Fund, Magellan Fund and Select Technology Portfolio.
What happens to my investments if Fidelity goes bust? ›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.
What happens when a mutual fund closed to new investors? ›Closing a fund to new investors results in a reduction in the growth of the total amount of money that the fund managers must invest, which may enable them to maintain their preferred investment style by avoiding capacity constraints [1, 2].
Is the contrafund better than the S&P 500? ›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.
Among diversified fund managers, Tom Allen is coming on strong at VIP Mid-Cap Stock; Matt Fruhan, who recently took over Large Cap Stock (FLCSX), has a career record that bodes well; Brian Hogan at Blue Chip Value (FBCVX), who is also the manager of the equity stake in Strategic Dividend Income (FSDIX), remains the ...
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%
Protecting your assets
With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible.
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.
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? ›| Fund Return | Index (S&P 500) | |
|---|---|---|
| YTD | 20.29% | 11.30% |
| 1yr | 41.96% | 28.19% |
| 3yr 2 | 10.80% | 9.57% |
| 5yr 2 | 17.87% | 15.80% |
FCNTX Dividend Information
FCNTX has paid $0.51 per share in the past year, which gives a dividend yield of 2.63%. The last ex-dividend date was Feb 16, 2024.
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 ...
When did Fidelity Contrafund close to new investors? ›Contrafund has been closed to new investors since April 2006, and Low-Priced since December 2003. Fidelity said 88 percent of Contrafund's assets and 85 percent of Low-Priced Stock Fund's assets are focused on retirement, and shareholders were redeeming them after meeting their financial goals.
Why are some Fidelity funds closed to new investors? ›Oftentimes, closing to new investors is done to help the fund's operational efficiency and improve its performance.
Is Fidelity Blue Chip Growth fund closed to new investors? ›About FSBDX
The Fidelity Series Blue Chip Growth Fund falls within Morningstar's large growth category. The fund is currently closed to new investors.