FCNTX: Fidelity® Contrafund®

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FCNTX Fidelity® Contrafund®

  • Fund
  • FCNTX
  • Price as of: Dec 06, 2019
  • $13.75
    + $0.11 + 0.81%

Profile

FCNTX - Profile

Vitals

  • YTD Return 24.9%
  • 3 Yr Annualized Return 10.2%
  • 5 Yr Annualized Return 5.6%
  • Net Assets $120 B
  • Holdings in Top 10 43.0%

52 WEEK LOW AND HIGH

$13.75
$10.25
$13.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return 24.9%
  • 3 Yr Annualized Total Return 16.8%
  • 5 Yr Annualized Total Return 12.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

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.


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Performance

FCNTX - Performance

Return Ranking - Trailing

Period FCNTX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.9% -68.6% 59.4% 70.06%
1 Yr 20.5% -84.0% 58.7% 16.36%
3 Yr 10.2%* -48.8% 23.8% 47.47%
5 Yr 5.6%* -34.7% 16.0% 44.08%
10 Yr 9.3%* -14.0% 17.7% 49.12%

* Annualized

Return Ranking - Calendar

Period FCNTX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.1% -65.5% 13.4% 35.94%
2017 24.4% -46.3% 37.5% 19.20%
2016 -0.5% -43.3% 15.3% 49.31%
2015 1.0% -38.0% 11.4% 23.93%
2014 1.9% -52.4% 105.4% 44.39%

Total Return Ranking - Trailing

Period FCNTX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.9% -68.6% 59.4% 70.06%
1 Yr 20.5% -84.0% 58.7% 30.34%
3 Yr 16.8%* -48.8% 30.7% 28.53%
5 Yr 12.2%* -34.7% 16.6% 21.75%
10 Yr 14.0%* -14.0% 17.7% 19.42%

* Annualized

Total Return Ranking - Calendar

Period FCNTX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.3% -65.5% 16.5% 22.34%
2017 32.3% -28.2% 51.5% 14.42%
2016 3.3% -43.3% 17.1% 42.46%
2015 6.4% -38.0% 17.3% 19.04%
2014 10.0% -52.4% 120.7% 42.93%

NAV & Total Return History


Holdings

FCNTX - Holdings

Concentration Analysis

FCNTX Category Low Category High FCNTX % Rank
Net Assets 120 B 1.25 M 199 B 1.48%
Number of Holdings 312 7 2081 6.83%
Net Assets in Top 10 50.1 B 429 K 53.6 B 1.48%
Weighting of Top 10 43.03% 11.9% 100.0% 33.46%

Top 10 Holdings

  1. Facebook Inc A 7.26%
  2. Amazon.com Inc 6.76%
  3. Berkshire Hathaway Inc A 5.42%
  4. Microsoft Corp 5.29%
  5. Visa Inc Class A 3.91%
  6. Salesforce.com Inc 3.79%
  7. UnitedHealth Group Inc 2.77%
  8. Alphabet Inc A 2.76%
  9. Adobe Inc 2.57%
  10. Mastercard Inc A 2.51%

Asset Allocation

Weighting Return Low Return High FCNTX % Rank
Stocks
98.53% 80.50% 105.55% 48.76%
Cash
0.74% -5.55% 16.25% 68.48%
Other
0.63% -0.92% 3.79% 5.90%
Preferred Stocks
0.11% 0.00% 2.51% 9.86%
Convertible Bonds
0.00% 0.00% 0.02% 63.90%
Bonds
0.00% 0.00% 3.92% 66.15%

Stock Sector Breakdown

Weighting Return Low Return High FCNTX % Rank
Technology
22.96% 7.37% 58.59% 79.74%
Financial Services
21.24% 0.00% 32.66% 5.36%
Communication Services
17.74% 0.00% 28.18% 4.11%
Healthcare
12.85% 0.00% 46.23% 61.72%
Consumer Cyclical
12.23% 0.00% 49.54% 77.02%
Consumer Defense
4.34% 0.00% 18.34% 56.13%
Industrials
2.64% 0.00% 24.88% 94.80%
Basic Materials
2.04% 0.00% 11.24% 40.92%
Energy
1.15% -0.02% 7.24% 32.14%
Real Estate
0.86% 0.00% 10.94% 68.48%
Utilities
0.27% -0.01% 9.70% 27.10%

Stock Geographic Breakdown

Weighting Return Low Return High FCNTX % Rank
US
91.64% 80.50% 100.50% 61.88%
Non US
6.89% 0.00% 17.37% 28.03%

Expenses

FCNTX - Expenses

Operational Fees

FCNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.00% 165.48% 72.27%
Management Fee 0.68% 0.00% 1.40% 59.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

FCNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FCNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 536.00% 33.46%

Distributions

FCNTX - Distributions

Dividend Yield Analysis

FCNTX Category Low Category High FCNTX % Rank
Dividend Yield 0.00% 0.00% 15.22% 76.16%

Dividend Distribution Analysis

FCNTX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

FCNTX Category Low Category High FCNTX % Rank
Net Income Ratio 0.01% -7.55% 1.83% 51.43%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

FCNTX - Fund Manager Analysis

Managers

William Danoff


Start Date

Tenure

Tenure Rank

Sep 17, 1990

29.22

29.2%

Mr. Danoff has worked as a research analyst and portfolio manager since joining Fidelity Investments in 1986. Prior to joining the firm, he was a research analyst for Furman Selz in New York City, covering advertising stocks and special situations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 51.95 8.0 0.42