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FCNTX Fidelity® Contrafund®

  • Fund
  • FCNTX
  • Price as of: Dec 05, 2016
  • $100.95
  • + $1.02
  • + 1.02%
  • Category
  • Large Cap Growth Equities

FCNTX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 7.9%
  • 5 Yr Annualized Return 12.8%
  • Net Assets $106 B
  • Holdings in Top 10 33.1%

52 WEEK LOW AND HIGH

$100.95
$86.25
$104.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 12.8%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Contrafund® Fund
  • Fund Family Name Fidelity Investments
  • Inception Date May 17, 1967
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager William Danoff

Fund Description

The Fidelity Contrafund (FCNTX) made its debut in 1967, and focuses on capital appreciation. To achieve its objective, FCNTX targets securities whose value Fidelity believes is not fully recognized by the public. In particular, the fund focuses on companies with “best of breed” qualities, including those with a strong competitive position, high return on capital, solid free-cash-flow generation and a management team that is a steward of shareholder capital.

The resulting portfolio consists of both growth and value stocks, though the majority of FCNTX’s holdings are large capitalization growth stocks. In terms of sector allocation, the fund allocates a significant portion of its assets towards information technology, consumer discretionary, financial, and health care stocks. FCNTX is managed by William Danoff, who has managed the fund since 1990.

FCNTX - Performance

Return Ranking - Trailing

Period FCNTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -97.0% 130.0% 46.28% 3
1 Yr 1.5% -52.0% 75.7% 33.48% 2
3 Yr 7.9% * -15.1% 30.2% 34.63% 2
5 Yr 12.8% * 3.7% 17.1% 30.85% 2
10 Yr 8.1% * -0.3% 11.5% 20.84% 2

* Annualized


Return Ranking - Calendar

Period FCNTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.0% -52.0% 11.4% 20.77% 2
2014 1.9% -40.3% 19.3% 40.94% 3
2013 23.9% -11.8% 56.4% 62.97% 4
2012 15.0% -21.6% 29.1% 37.67% 2
2011 -0.4% -36.6% 14.5% 24.26% 2

Total Return Ranking - Trailing

Period FCNTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -97.0% 135.1% 43.59% 3
1 Yr 1.5% -71.3% 2606.2% 28.90% 2
3 Yr 7.9% * -21.9% 43.7% 30.49% 2
5 Yr 12.8% * 2.5% 17.1% 27.49% 2
10 Yr 8.1% * -0.6% 11.5% 19.44% 1

* Annualized


Total Return Ranking - Calendar

Period FCNTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.0% -38.0% 19.0% 57.87% 3
2014 10.3% -17.3% 28.8% 66.71% 4
2013 42.4% -2.9% 382.6% 62.45% 4
2012 21.7% -13.0% 615.0% 56.71% 3
2011 -0.2% -100.0% 67.8% 29.86% 2

NAV & Total Return History

FCNTX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FCNTX Category Low Category High FCNTX % Rank Quintile
Net Assets 106 B 373 K 143 B 0.13% 1
Number of Holdings 347 1 2209 2.12% 1
Net Assets in Top 10 36 B 0 36 B 0.06% 1
Weighting of Top 10 33.1% 0.0% 150.9% 17.29% 3

Top 10 Holdings

  1. Berkshire Hathaway Inc A 4.60%
  2. Alphabet Inc C 3.10%
  3. Alphabet Inc A 3.52%
  4. Wells Fargo & Co 2.04%
  5. Facebook Inc A 6.20%
  6. Apple Inc 2.69%
  7. Visa Inc Class A 2.45%
  8. Amazon.com Inc 4.28%
  9. UnitedHealth Group Inc 2.14%
  10. Microsoft Corp 2.06%

Asset Allocation

Weighting Category Low Category High FCNTX % Rank Quintile
Stocks
97.85% 0.00% 110.73% 9.00% 3
Preferred Stocks
1.09% 0.00% 5.54% 0.90% 1
Cash
0.68% -10.73% 100.00% 17.16% 4
Other
0.34% -1.57% 24.55% 6.62% 2
Bonds
0.05% -0.14% 76.74% 3.28% 1
Convertible Bonds
0.00% 0.00% 3.55% 0.77% 5

Stock Sector Breakdown

Weighting Category Low Category High FCNTX % Rank Quintile
Technology
31.11% -1.29% 53.81% 6.43% 2
Consumer Cyclical
17.69% -2.22% 49.24% 11.05% 2
Financial Services
16.44% -2.38% 33.61% 4.18% 1
Healthcare
11.97% -1.03% 91.28% 22.04% 5
Industrials
6.29% -0.37% 25.68% 22.37% 5
Consumer Defense
5.56% -1.43% 27.63% 18.83% 4
Basic Materials
3.72% -1.18% 12.25% 5.72% 1
Energy
2.43% -1.24% 16.17% 13.24% 2
Communication Services
1.79% 0.00% 12.93% 16.84% 4
Utilities
0.04% -0.64% 12.13% 7.97% 2
Real Estate
0.01% -0.04% 11.06% 13.88% 3

Stock Geographic Breakdown

Weighting Category Low Category High FCNTX % Rank Quintile
US
90.50% 0.00% 110.73% 18.51% 4
Non US
7.35% 0.00% 89.90% 7.20% 2

Bond Sector Breakdown

Weighting Category Low Category High FCNTX % Rank Quintile
Corporate
1.14% -0.14% 51.31% 2.26% 1
Cash & Equivalents
0.68% -11.32% 100.00% 17.31% 4
Securitized
0.00% 0.00% 15.17% 0.71% 5
Derivative
0.00% -5.28% 10.62% 0.52% 5
Municipal
0.00% 0.00% 5.83% 0.58% 5
Government
0.00% 0.00% 28.25% 2.00% 5

Bond Geographic Breakdown

Weighting Category Low Category High FCNTX % Rank Quintile
US
0.05% -24.92% 63.33% 2.83% 1
Non US
0.00% 0.00% 42.95% 1.29% 5

FCNTX - Expenses

Operational Fees

FCNTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.71% 0.00% 24.91% 14.53% 1
Management Fee 0.56% 0.00% 1.50% 3.21% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

FCNTX Fees (% of AUM) Category Low Category High FCNTX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

FCNTX Fees (% of AUM) Category Low Category High FCNTX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCNTX Fees (% of AUM) Category Low Category High FCNTX Rank Quintile
Turnover 35.00% 0.00% 601.00% 10.55% 2

FCNTX - Distributions

Dividend Yield Analysis

FCNTX Category Low Category High FCNTX % Rank Quintile
Dividend Yield N/A 0.00% 2.85% N/A N/A

Dividend Distribution Analysis

FCNTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FCNTX Category Low Category High FCNTX % Rank Quintile
Net Income Ratio 0.33% -7.69% 3.70% 8.17% 2

Capital Gain Distribution Analysis

FCNTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FCNTX - Managers

William Danoff

Lead Manager

Start Date

Sep 17, 1990

Tenure

26.14

Tenure Rank

0.3%

Danoff is a vice president and portfolio manager with Fidelity Investments. He joined the firm in 1986 as a securities analyst and portfolio manager. Previously, he served as leader of the specialized growth group from 1996 to 1997. Prior to joining the firm, he was a research analyst for Furman Selz in New York City, covering advertising stocks and special situations. Danoff was president of the Boston Retail Analysts Society from 1987 to 1989.


Tenure Analysis

Category Low

0.0

Category High

48.9

Category Average

7.16

Category Mode

4.8