Fidelity Review 2021. The fund's tech holdings rose 54%, while tech stocks in … Historical and current end-of-day data provided by FACTSET. Since Danoff began managing the fund, its objective has changed to simply achieving capital appreciation by picking good growth stocks. It is one of the largest asset managers in the world and is best known for its actively managed, no-load mutual funds. Log in to see them here or sign up to get started. For the best MarketWatch.com experience, please update to a modern browser. The Contrafund makes its returns by picking growth stocks with a high probability of capital appreciation. Number of Years Up 40. Fidelity® Contrafund® Fund A Mutual Fund Third Quarter 2020 Fund Fact Sheet Key Facts Investment Advisor Fidelity Management & Research Company LLC Asset Class Large Cap - Growth Primary Index Russell 1000 Growth Index Net Assets $108,101.8 Million Inception Date 05/17/1967 Ticker FCNTX Gross Expense Ratio 0.85% Morningstar Category Large Growth February 29, 2020. Grant Sabatier. Number of Years Down 13. Overall Rating. Learn more about fund managers, who oversee a portfolio of mutual or hedge funds and make final decisions about how they are invested. He took over management of the Contrafund in 1990 when it was considered a contrarian fund. Considering that Fidelity offers more than 3,500 NTF funds, an investor can effectively invest in mutual funds through Fidelity for no cost. Visit a quote page and your recently viewed tickers will be displayed here. Fidelity charges $0 to buy any of its more than 200 proprietary mutual funds. These Quarterly Fund Reviews are a helpful resource to help you learn more about: Developments and dynamics that influenced securities markets. An overview of the management, performance and expenses, investment characteristics, and other information about the Fidelity Contrafund® Fidelity also doesn't charge a commission to buy a non-Fidelity No Transaction Fee (NTF) fund. Analyze the Fund Fidelity Freedom ® 2020 Fund having Symbol FFFDX for type mutual-funds and perform research on other mutual funds. Summary Prospectus. Soon enough, massive issuers like Fidelity might start leveraging some of their better-known brands like Magellan or Contrafund in this structure, Nadig said. Fidelity® Contrafund ® FCNTX Morningstar Analyst Rating Analyst rating as of Feb 12, 2021. According to present data Fidelity Contrafund's Fidelity Contrafund shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Fidelity® Contrafund® Fund A Mutual Fund First Quarter 2020 Fund Fact Sheet Key Facts Investment Advisor Fidelity Management & Research Company Asset Class Large Cap - Growth Primary Index Russell 1000 Growth Index Net Assets $79,981.9 Million Inception Date 05/17/1967 Ticker FCNTX Gross Expense Ratio 0.85% Morningstar Category Large Growth Morningstar Overall Rating™ «««« … Morningstar Return Rating ★★★. Menu. Discover the 10 best Fidelity funds. The fund requires a minimum investment of $2,500. Performance Overview. What Sets Fidelity Contrafund Apart The Silver-rated fund's sprawling portfolio, huge asset base, and legendary manager are only a few of its distinguishing features. The fund held 34% of assets, on average, in the tech sector during the year, above the index's 26% weighting. The fund favors the technology sector with historically around a third of their assets allocated there, followed by communications, healthcare, and financials. Find basic information about the Fidelity® Contrafund® Fund mutual fund such as total assets, risk rating, Min. Contrafund is managed by Fidelity Investments, one of the largest mutual funds in the world. Subscriber Agreement & Terms of Use, Best 1 Yr Total Return … Pandemic or Not, a House Needs a Deck. When he returned to the office, he reviewed the 600 stocks in Contrafund, and decided the bottom 300, were either “Up or Out;” while the top 50 stocks needed to be bigger positions or sold. Fidelity® Contrafund® K6/FLCNX. Find mutual fund ratings and information on Fidelity mutual funds at TheStreet. Fidelity Diversified International: HOLD. Intraday Data provided by FACTSET and subject to terms of use. The Fund normally invests primarily in common stocks and may invest in both domestic and foreign issuers. ET by Shawn Langlois Barron's Fidelity. Research information including trailing returns and hypothetical growth for Fidelity® Contrafund® Fund. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Before you invest, you may want to review the fund's prospectus, which contains more information about the fund and its risks. Robby Greengold, CFA. The Fidelity Contrafund (MUTF:FCNTX) has been managed by Will Danoff for over 30 years and has delivered excellent returns versus the S&P 500. Is Fidelity Contrafund (FCNTX) a Strong Mutual Fund Pick Right Now. Have Watchlists? When it was first launched in 1967, the fund was named Contrafund for its original investment objective, which was to take a contrarian view by investing in out-of-favor stocks or sectors. 5-Year Average Return 12.33%. Fidelity's Contrafund is among the most widely held funds by 401(k) plans and other retirement plans. For a more diversified stock portfolio, the Contrafund should be complemented by an international stock fund due to its low foreign holdings. The fund's big commitment to technology stocks was the largest contributor versus the benchmark in 2020. Intraday data delayed at least 15 minutes or per exchange requirements. Privacy Notice, and Learn more about mutual funds at fidelity.com. In the last 25 years, his stock-picking prowess has attracted more than $100 billion in assets, making the Contrafund one of the most successful growth funds of all time. In the 1990s and beyond, it was William Danoff’s turn to carry the torch as the fund manager for the Fidelity Contrafund. Is Growth Investing the Right Money-Making Method for You? Fund Market & Finance report, prediction for the future: You'll find the Fidelity Contrafund forecasts and fund quote below. The offers that appear in this table are from partnerships from which Investopedia receives compensation. It also offers financial services for retirement plans, such as 401(k)s and individual retirement accounts (IRAs). They do charge a commission of $49.95 to sell these funds if they are held less than 2 months. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses. A closed-end fund raises a prescribed amount of capital only once, through an IPO, by issuing a fixed number of shares, purchased by investors. There are currently no items in this Watchlist. Why That’s Important. Any investors hoping to find a Large Cap Growth fund could think about starting with Fidelity Contrafund K (FCNKX). The fund is around 92% invested in domestic equities versus around only 7% invested overseas. updated: April 30, 2020. Unlike mutual funds, they are not regulated. Fidelity is one of the most … Symbol: FDIVX. William Danoff joined Fidelity in 1986 as a securities analyst and portfolio manager. Danoff gradually changed the fund’s mission into investing in fair or undervalued, well-managed, “best-of-breed” companies with good prospects for earnings growth. Create a list of the investments you want to track. Top 10 holdings information (top 10 holdings) is also provided for certain equity and high income funds. Get the lastest Fund Profile for Fidelity Contra Fund from Zacks Investment Research UK races to test, vaccinate as virus variant threatens plans, Empty lots, angry customers: chip crisis throws wrench into car business. Due to the fund's exposure to domestic large-cap growth stocks, it should not make up the majority of an investor's portfolio. Performance Review For the quarter, the fund's Retail Class shares gained 8.18%, lagging the 12.15% advance of the benchmark S&P 500® index. This browser is no longer supported at MarketWatch. Fidelity Contrafund or Fidelity New Millennium: Which Fund Is Better? That’s Good News for Azek. Growth investing is a stock-buying strategy that aims to profit from firms that grow at above-average rates compared to their industry or the market. FCNTX: Fidelity Contra Fund - Fund Profile. Updated Mar 25, 2020 The Fidelity Contrafund (FCNTX) is the largest actively managed mutual fund in the world, with more than $112 billion in assets under management (AUM) as … This article includes links which we may receive compensation for if you click, at no cost to you. Who is exempt from the 10-year rule when inheriting an IRA? Quote Fund Analysis Performance Risk Price Portfolio … Learn about the fund's agencies rating and risk rating, transparent information about the fund's management personal, policies of invested allocation and diversification, past performance. A fund category is a way of differentiating mutual funds according to their investment objectives and principal investment features. Fidelity Contrafund () Fund Market info Recommendations: Buy or sell Fidelity Contrafund fund? The fund's Fidelity’s investment strategies, process, and performance outcomes. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. He graduated from Harvard University in 1982 and went on to earn a master of arts degree and an MBA from the University of Pennsylvania. The fund invests primarily in large-cap U.S. stocks, but it has a small number of foreign securities. 9.5. Here’s how you can add sustainable investments to your 401(k) holdings even if your plan doesn’t include ESG funds, Fidelity’s Will Danoff Looks Back on 30 Years at Contrafund, Striking the Right Balance in Your Investing Portfolio in Strange Times, Fidelity’s $230 billion man explains why he dumped Tesla shares but still bets big on Warren Buffett, Peter Lynch Draws on 50 Years of Stock-Picking to Find Growth Opportunities in Today’s Market, Fear of missing out is a sure way to make costly stock-investing mistakes, Fidelity Investments Sees Record Revenue, Despite Struggling Mutual Funds Business, Fidelity’s Latest Gambit for Your Retirement Savings, Fidelity’s Funds Are Up, And So Are Its Problems, Joel Tillinghast Finds Big Returns in Small Stocks, This mutual fund giant could give the ETF business a run for your money, This is how Fidelity’s Danoff turned $10,000 into $217,541 in 25 years, Fix these three problems in your mutual fund portfolio, 7 of the Top Mutual Funds to Look for in Your 401k. Expense ratio: 0.75% One-year return: 17.3% … FCNKX possesses a … Rao and Kumar. The Fidelity Contrafund (FCNTX) is the largest actively managed mutual fund in the world, with more than $112 billion in assets under management (AUM) as of March 25, 2020. Fidelity has two mutual funds known around the investment world: the Contrafund and the Magellan fund. Year-to-Date Return 10.35%. Copyright © 2021 MarketWatch, Inc. All rights reserved. It's been a hard few years, but we think John Roth will be able to right the ship at New Millennium. An equity style box is a graphic representation of an investment's defining factors, designed by financial services researcher Morningstar, Inc. Commingled funds mix assets from several accounts, which affords them lower costs and other economies-of-scale benefits. The listing and top 10 holdings are not part of a fund’s annual/semiannual report or Form N-Q and have not been audited. QUARTERLY FUND REVIEW: Fidelity® Contrafund® | AS OF DECEMBER 31, 2020 2 | For definitions and other important information, please see Definitions and Important Information section of this Fund Review. Average Annual Total Returns For the periods ended December 31, 2020 Past 1 year Past 5 years Past 10 years Fidelity ® Contrafund 32.58% 18.18% 15.40% Fidelity’s $230 billion man explains why he dumped Tesla shares but still bets big on Warren Buffett Sep. 17, 2020 at 1:27 p.m. Fidelity Review 2021 • Fees, Pros and ConsFounded in 1946, Fidelity is one of the largest financial services companies in the world. Berkshire Hathaway Class A Shares Have Become More Actively Traded. Our story; Motto; Partners; Golden Jubilee Celebrations Because of the fund’s enormous size, it tends to focus on U.S. large-cap stocks with market values greater than $10 billion. The top ten holdings in the fund account for almost 45% of their portfolio. Cookie Notice (). Fidelity® Contrafund® (FCNTX) 17.54-0.06 (-0.34%) USD | May 11 … See performance data and interactive charts for Fidelity® Contrafund® Fund (FCNTX). Fidelity Contrafund (symbol FCNTX) is a mutual fund operated and provided by Fidelity Investments.Its current manager is William Danoff, who has headed the fund since 1990.Contrafund's AUM (assets under management) as of July 2015 total over 112 billion USD.As of 2015 Contrafund was the second-largest actively-managed mutual fund in the US by assets, after AGTHX (Growth Fund of … investment, market cap and category. The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. The Fund seeks capital appreciation. MiB: Fidelity Contrafund’s Will Danoff September 12, 2020 8:30am by Barry Ritholtz. Apr 23, 2020 10:10AM EDT. By using this site you agree to the Fidelity Contrafund as of March 31, 2020 The portfolio holdings listing (listing) provides information on a fund’s investments as of the date indicated. The Contrafund (FCNTX) is a $112 billion behemoth that began trading in … Chartered Accountants. Fidelity investment accounts are some of the most popular investments across the U.S. Read about the different Fidelity accounts you can open today! Something went wrong while loading Watchlist. Bottom Line. As of March 25, 2020, the fund's top five holdings are in Facebook Inc., Amazon.com, Microsoft Corp, Berkshire Hathaway Inc., and Visa Inc. All quotes are in local exchange time. Contrafund Annual Report | Fidelity Institutional. Swiss Central Bank Bought Li Auto, XPeng, Zoom, and This Marijuana Stock, 5 summer destinations that still have rentals available, Dogecoin prices surge 40% higher but here’s one sign the crypto is headed for a lasting breakout, analysts say, Israel strike in Gaza destroys building with AP, other media. The Fund seeks to achieve its investment objective by investing in securities of companies whose value it believes is not fully recognized by the public. Information provided in this document is for informational and educational purposes only. The fund managers use bottom-up fundamental analysis to find companies they believe are poised for sustained, above-average earnings growth not reflected in the stock’s price. Specific fund holdings that notably contributed and detracted from returns. In the 1980s, Fidelity was catapulted into the top tier of investment management funds when legendary stock picker Peter Lynch drove the Magellan Fund to huge success. 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