The analysts' input is essential, as it would be difficult to effectively oversee a portfolio of 300-plus stocks himself. Find real-time FCNTX - Fidelity® Contrafund® Fund stock quotes, company profile, ... vs. S&P 500. Find out about Morningstar’s Indeed, Danoff consistently crafts a seemingly inimitable portfolio. So that's why there's a disparity there. Fidelity Contrafund advanced mutual fund charts by MarketWatch. The Silver-rated fund's sprawling portfolio, huge asset base, and legendary manager are only a few of its distinguishing features. Privacy Policy and Still, within the large-growth Morningstar Category, the fund stands out for its relatively colossal 20% stake in financial-services firms such as Berkshire Hathaway (BRK.A). 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Fidelity Contrafund® Fund (MUTF: FCNTX) is a bit of a jack of all trades. But even today, Fidelity has some top-performing mutual funds and sector funds that are worth a look for retirement investors. Growth of $10,000 invested in Contrafund vs. S&P 500 Index September 17, 1990 to August 31, 2020 (net of fees) Fidelity Contrafund has produced an average annual return of 13.9% compared to 10.6% for the S&P 500 Index $497,718 $206,256 An active approach that has stood the test of time Through both bull and bear markets, Will Danoff’s Fidelity ® Contrafund ® K6 (since 5/25/2017) Fidelity ® Contrafund ® - Class K (since 9/17/1990) Fidelity Advisor ® New Insights Fund - Class C (since 7/31/2003) Fidelity ® Series Opportunistic Insights Fund - Class F (since 12/6/2012) Fidelity ® Contrafund ® Commingled Pool Class 2 (since 1/17/2014) In December 2018, over 95% of the fund’s assets were tethered to firms with either wide or narrow Morningstar Economic Moat Ratings. Fidelity ® Contrafund ® K6 (since 5/25/2017) Fidelity Advisor ® New Insights Fund - Class C (since 7/31/2003) 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) The challenges its size presents, plus fees that aren't as low as might be expected given its economies of scale, keep it from achieving a higher rating. Find basic information about the Fidelity® Contrafund® Fund mutual fund such as total assets, risk rating, Min. It trades about 0.02 of its total potential returns per unit of risk. Upgrade to remove this ad. The analysts have incentives to relay their best ideas to him, as he commands more than $150 billion in assets across all his charges. History of Fund/Manager. Although I am mostly in cash now, FSCSX is my biggest holding. The fund has been closed in the past, but it is currently open and has experienced outflows in recent years. View mutual fund news, mutual fund market and mutual fund interest rates. In 2013, John Roth became comanager alongside Danoff at the $26 billion Fidelity Advisor New Insights, but Danoff also runs the $7 billion Fidelity Series Opportunistic Insights (used exclusively in the target-date series) and a fund sold in Canada. Learn about the fund's agencies rating and risk rating, transparent information about the fund's management personal, policies of invested allocation and diversification, past performance. See performance data and interactive charts for Fidelity® Contrafund® Fund (FCNTX). Will Danoff’s preference for best-of-breed companies with competitive advantages is clear. The remaining assets are held by the K shares, which charge middling fees. Contrafund doesn't have those. While that premise could define many large-growth competitors, the fund's process has been successful because of Danoff's execution. editorial policies. The fund's Morningstar Risk rating, which penalizes downside deviations in returns, is low. See how FCNTX has performed including trailing returns and dividend history. I don't invest in anything that doesn't out perform the S&P by a margin for all time periods. Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. That is enough to earn the fund a Positive Price rating. But Danoff is actively involved in stock-specific research and carries around a thick notebook listing the tickers of companies he's met with. That pattern holds over the long haul: Across the index’s 55 money-losing one-year rolling periods since Danoff’s start, the fund did better four fifths of the time. 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