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Intro Guide to the Fidelity Contrafund (FCNTX)

Fidelity Contrafund (FCNTX) a Zacks Ranked #1 (Strong Buy) was incepted in May 1967 and is managed by the Fidelity Group. The main objective of FCNTX is to seek capital appreciation. FCNTX invests primarily in the common stock of companies whose value the management believes is not fully recognized by the public. The types of companies in which the fund may invest include companies experiencing positive fundamental change such as a new management team or product launch or companies that are undervalued in relation to securities of other companies in the same industry. FCNTX usually invests in 'growth' stocks, 'value' stocks, or both. FCNTX invests in foreign and domestic issuers.

This Large Blend product, as of the last filing, allocates their fund in two major groups; Large Growth and High Yield Bond. Further, as of the last filing, Alphabet Inc, Facebook Inc and Berkshire Hathaway Inc were the top holdings for FCNTX.

Fidelity Contrafund, managed by Fidelity , carries an expense ratio of 0.70%. Moreover, FCNTX requires a minimal initial investment of $2,500.

FCNTX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 12.1% and 5 year 11.2%. To see how this fund performed compared in its category, please click here.

FCNTX’s performance, as of the last filing, when compared to funds in its category was in the top 13% in 1 year, top 13% over the past 3 years, and in the 13% over the past 5 years.

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