A mid-cap fund is a type of investment fund that focuses its investments on companies with a capitalization in the middle range of listed stocks in the market. FCNTX | A complete Fidelity Contrafund mutual fund overview by MarketWatch. Learn more about mutual funds at fidelity.com. The fund managers use bottom-up Fidelity Contrafund (symbol FCNTX) is a mutual fund operated and provided by Fidelity Investments. 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. The Parent Pillar is our rating of FCNTX’s parent organization’s priorities and whether they’re in line with investors’ interests. 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. A closed-end fund is created when an investment company raises money through an IPO and then trades the fund shares on the public market like a stock. Fidelity® Contrafund ® FCNTX Morningstar Analyst Rating Analyst rating as of Feb 18, 2020. Turnover ratio depicts how much of a portfolio has been replaced in a year.
He took over management of the Contrafund in 1990 when it was considered a contrarian fund. For a more diversified stock portfolio, the Contrafund should be complemented by an international stock fund due to its low foreign holdings. Since Danoff began managing the fund, its objective has changed to simply achieving capital appreciation by picking good growth stocks. Passively managed vehicles, like index funds, tend to have low turnover ratios. The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. 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 is around 92% invested in domestic equities versus around only 7% invested overseas. Analyze the Fund Fidelity ® Contrafund ® Commingled Pool having Symbol for type workplacefunds and perform research on other mutual funds.
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Its current manager is William Danoff, who has headed the fund since 1990. In the 1980s, Fidelity was catapulted into the top tier of investment management funds when legendary stock picker A flexible fund is a mutual fund or other pooled investment that has broad flexibility for making investment decisions and allocations. 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.
© Copyright 2020 Morningstar, Inc. All rights reserved. Contrafund is managed by Fidelity Investments, one of the largest mutual funds in the world. Fidelity ® Contrafund ® - Class K (since 9/17/1990) Fidelity ® Series Opportunistic Insights Fund - Class F (since 12/6/2012) Fidelity ® Contrafund ® Commingled Pool Class 2 (since 1/17/2014) VIP Contrafund SM Portfolio - Investor Class (since 5/1/2018) Fidelity ® Contrafund ® (since 9/17/1990) A focused fund is a mutual fund that holds a relatively small variety of stocks or bonds that focuses on a particular attribute. The Contrafund is considered an outstanding core holding for long-term, growth-oriented investment portfolios. After its IPO, no additional shares are issued by the fund's parent investment company. Fidelity® Contrafund ® FCNTX Morningstar Analyst Rating Analyst rating as of Feb 18, 2020. Flexible funds can be U.S. regulated or offshore funds. The fund invests primarily in large-cap U.S. stocks, but it has a small number of foreign securities. The People Pillar is our evaluation of the FCNTX management team’s experience and ability. 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. The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCNTX’s performance objective and investment process is for both security selection and portfolio construction. Contrafund's AUM (assets under management) as of July 2015 total over 112 billion USD.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating. Quote Fund Analysis Performance Risk Price Portfolio People Parent Premium.
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