FCNTX - Fidelity Contrafund Fund

Nasdaq - Nasdaq Delayed Price. Currency in USD
+0.35 (+2.92%)
At close: 8:01PM EDT
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Previous Close11.99
YTD Return-13.65%
Expense Ratio (net)0.85%
CategoryLarge Growth
Last Cap Gain0.00
Morningstar Rating★★★★
Morningstar Risk RatingBelow Average
Sustainability Rating
Net Assets98.38B
Beta (5Y Monthly)0.97
5y Average ReturnN/A
Holdings Turnover26.00%
Last Dividend0.00
Average for CategoryN/A
Inception DateMay 16, 1967
  • Why you probably own too many stocks

    Why you probably own too many stocks

    Investment portfolio diversification is right up there with motherhood and apple pie. The reason for this particular discussion about diversification is that a number of large actively-managed mutual funds are currently making outsized bets on just a few prominent stocks. Consider four of the largest actively managed U.S. stock funds at mutual-fund giant Fidelity Investments: Contrafund (FCNTX) ; Blue Chip Growth (FBGRX) ; OTC (FOCPX) , and Magellan (FMAGX)  As you can see from the accompanying chart, their recent average allocation to five popular stocks — Alphabet (GOOGL)(GOOG) , Amazon.com (AMZN) , Apple (AAPL) , Facebook (FB)  and Microsoft (MSFT)  — was almost double the weight those stocks have in the S&P 500 (SPX)  itself.

  • The 30 Best Mutual Funds in 401(k) Retirement Plans

    The 30 Best Mutual Funds in 401(k) Retirement Plans

    How good are the mutual funds in your 401(k) plan? Choose wisely, and you might sip café au lait as you celebrate your retirement on an around-the-world cruise. Choose unwisely, and you might have to settle for the local Starbucks.Every year, with the help of financial data firm BrightScope, which ranks 401(k) plans, we look at the 100 mutual funds with the most assets in 401(k) and other defined-contribution plans, including 403(b)s. To help you pick the best mutual funds for your 401(k), we analyze the actively managed funds among the 100 most popular options. Most of the funds are solid, some are standout and only a handful are disappointing. In the end, 30 funds, described below, won our seal of approval.We didn't weigh in on the index funds that rank high in employer-sponsored plan assets because the art of choosing a good index fund rests on three simple questions: Which index do you want to emulate? How well has the fund done in matching that index? How much does the fund charge? We have no problem with the index funds listed in the top 100.But assessing actively managed mutual funds is trickier. We analyzed each fund's long-term returns and year-by-year performance. We looked past raw results to examine each fund's volatility and how it fared in difficult markets. We also considered manager tenure and fees, among other factors.Here are the 30 best mutual funds for 401(k) retirement savers, plucked out of the nation's 100 most popular options. Some of these funds might not be available in your 401(k), and some might not be suitable for your personal situation. But each of these mutual funds stands out for their quality, making it a good choice for its respective category. SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained

  • Morningstar

    Funds Give WeWork Valuations the Ax

    What happens at a mutual fund when one of its private-investment "unicorns" comes crashing down? During this period, many so-called unicorns--private companies valued at over $1 billion--have had their valuations moved, as they delayed going public longer than historically has been the case. It's also one of the most widely held private investments among mutual funds, so it makes for a good test case for how fund companies respond to bad news.

  • The Best Fidelity Funds for 401(k) Retirement Savers

    The Best Fidelity Funds for 401(k) Retirement Savers

    The days when successful mutual fund managers received the rock-star treatment are long gone. But when they did, many of them were busy helming the best Fidelity funds.These days, the Boston-based firm wins attention for other parts of its business - it launched the industry's first zero-fee index funds in 2018, for example. And yet, the firm's lineup of actively managed mutual funds still includes a slew of standouts run by long-tenured managers.Eighteen Fidelity funds are popular with retirement savers, according to the list of funds with the most 401(k) assets, provided by financial-data firm BrightScope. Seven are from the firm's Freedom target-date fund series, four are index funds and seven are actively managed.Here are some of the best Fidelity funds for your 401(k), as well as a couple popular options that don't make the cut. We will analyze the actively managed portfolios and the Freedom target-date funds, and rate them Buy, Sell or Hold. SEE ALSO: The 30 Best Mutual Funds in 401(k) Retirement Plans

  • 7 Secrets of Highly Successful Investors

    7 Secrets of Highly Successful Investors

    Prosper in this volatile market (or any other) by focusing on fundamentals.

  • Reuters

    Inflatable angry emoji looms over Facebook annual meeting as users vent frustrations

    MENLO PARK, Calif./BOSTON (Reuters) - Protesters carrying an inflatable angry emoji greeted Facebook Inc shareholders as they gathered for the company's annual meeting on Thursday, the latest sign of its struggle to shake off privacy scandals and rein in fake news and hate speech. The social media giant again faced demands for reform at Thursday's meeting, including shareholder proposals that called for revamping the company's voting structure and ousting Chief Executive Officer Mark Zuckerberg as chairman. The measures had little chance of succeeding, as a dual class share structure gives Zuckerberg and other insiders control of about 58% of the votes.

  • Morningstar

    Fund Pairings for Your IRA

    A version of this article first appeared in the April 2019 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor by visiting the website. Picking funds for an IRA is a little tricky. The limits on yearly contributions make it challenging to build a complete portfolio.

  • Morningstar

    Morningstar Runs the Numbers

    We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended April 12.