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Fidelity Contra Fund: (MF: FCNTX)

Total Return %*Percentile Rank Objective
YTD14.9445
3 months0.3733
6 months12.0811
1 Year24.3782
3 Year18.3827
5 Year20.5718
10 Year17.9416

* Annual for three years and beyond.

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%Unrealized Gain YTD 65.16
% Yield0.00
% SEC YieldNA
Net Assets (Mil $) 9/30/2021121,762.90
%Turnover 9/30/202131.00
3 Year5 Year10 Year
Beta1.001.000.98
Alpha2.223.351.52
R Squared0.920.880.88
Std. Dev.19.6016.1913.87
Sharpe0.991.291.00

Compare the Risk of FCNTX to Similar Funds

As of 9/30/2021% of Portfolio
Technology32.59
Finance25.31
Retail Trade16.09
Non-Durable5.68
Industrial Cyclical5.29
Health4.67
Other4.14
Services3.20
Consumer Durables2.02
Utilities0.73
Energy0.28
Top Equity Holdings
(As of 6/30/2021)
% of PortfolioValue (Mil$)
FACEBOOK INC10.2314,560.27
AMAZON COM INC8.5412,149.50
BERKSHIRE HATHAWAY INC CL5.617,978.95
MICROSOFT CORP5.487,795.86
APPLE INC3.204,557.11
UNITEDHEALTH GROUP INC3.054,338.78
ALPHABET INC CLASS A2.894,116.11
ALPHABET INC CLASS C2.753,906.35
SALESFORCE.COM INC2.743,891.50

View More FCNTX Holdings

As Of6/30/2021
Total Issues372
Avg. P/E30.28
Avg. P/Book4.96
Avg. EPS Growth16.7
Avg. Market Value (Mil $)552,835
% of Portfolio
Large Growth92.00
Large Value0.41
Small Growth0.00
Small Value0.00
Foreign Stock4.79
Emerging Market0.00
Precious Metal0.00
Intermediate Bond0.00
Foreign Bond0.00
High Yield Bond0.00
Sours: https://www.zacks.com/funds/mutual-fund/quote/FCNTX

Is Fidelity Contrafund (FCNTX) a Strong Mutual Fund Pick Right Now?

There are plenty of choices in the Large Cap Growth category, but where should you start your research? Well, one fund that might be worth investigating is Fidelity Contrafund (FCNTX - Free Report) . FCNTX possesses a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.

Objective

FCNTX is part of the Large Cap Growth section, and this segment boasts an array of other possible options. Large Cap Growth mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. Companies are usually considered to be large-cap if their market capitalization is over $10 billion.

History of Fund/Manager

FCNTX finds itself in the Fidelity family, based out of Boston, MA. Fidelity Contrafund made its debut in May of 1967, and since then, FCNTX has accumulated about $97.24 billion in assets, per the most up-to-date date available. The fund's current manager, William Danoff, has been in charge of the fund since September of 1990.

Performance

Of course, investors look for strong performance in funds. FCNTX has a 5-year annualized total return of 13.1% and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 18.92%, which places it in the middle third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. FCNTX's standard deviation over the past three years is 13.88% compared to the category average of 11.56%. Over the past 5 years, the standard deviation of the fund is 12.85% compared to the category average of 11.62%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors cannot discount the risks to this segment though, as it is always important to remember the downside for any potential investment. In FCNTX's case, the fund lost 46.34% in the most recent bear market and outperformed its peer group by 3%. These results could imply that the fund is a better choice than its peers during a sliding market environment.

Even still, the fund has a 5-year beta of 0.99, so investors should note that it is hypothetically as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. Over the past 5 years, the fund has a positive alpha of 1.45. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Examining the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.

Right now, 93.57% of this mutual fund's holdings are stocks, and these companies have an average market capitalization of $291.30 billion. The fund has the heaviest exposure to the following market sectors:

  1. Technology
  2. Finance
  3. Retail Trade
This fund's turnover is about 32%, so the fund managers are making fewer trades than comparable funds.

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FCNTX is a no load fund. It has an expense ratio of 0.85% compared to the category average of 1.06%. So, FCNTX is actually cheaper than its peers from a cost perspective.

This fund requires a minimum initial investment of $0, while there is no minimum for each subsequent investment.

Bottom Line

Overall, Fidelity Contrafund ( FCNTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.

Want even more information about FCNTX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.

Sours: https://www.zacks.com/stock/news/734619/is-fidelity-contrafund-fcntx-a-strong-mutual-fund-pick-right-now
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Large Cap Growth fund seekers should consider taking a look at Fidelity Contrafund (FCNTX). FCNTX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.

Objective

We classify FCNTX in the Large Cap Growth category, an area rife with potential choices. Large Cap Growth funds invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. To be considered large-cap, companies must have a market cap over $10 billion.

History of Fund/Manager

Fidelity is responsible for FCNTX, and the company is based out of Boston, MA. The Fidelity Contrafund made its debut in May of 1967 and FCNTX has managed to accumulate roughly $122.89 billion in assets, as of the most recently available information. The fund's current manager, Will Danoff, has been in charge of the fund since September of 1990.

Performance

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 21.71%, and is in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 20.81%, which places it in the middle third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, FCNTX's standard deviation comes in at 19.1%, compared to the category average of 17.5%. Over the past 5 years, the standard deviation of the fund is 15.84% compared to the category average of 14.49%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should note that the fund has a 5-year beta of 0.98, so it is likely going to be as volatile as the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. Over the past 5 years, the fund has a positive alpha of 3.8. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is largely on equities that are traded in the United States.

Right now, 85.28% of this mutual fund's holdings are stocks, which have an average market capitalization of $464.61 billion. The fund has the heaviest exposure to the following market sectors:

  1. Technology

  2. Finance

  3. Retail Trade

Turnover is 32%, which means, on average, the fund makes fewer trades than its comparable peers.

Expenses

For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, FCNTX is a no load fund. It has an expense ratio of 0.85% compared to the category average of 1.02%. FCNTX is actually cheaper than its peers when you consider factors like cost.

Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.

Bottom Line

Overall, Fidelity Contrafund ( FCNTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Contrafund ( FCNTX ) looks like a good potential choice for investors right now.

Don't stop here for your research on Large Cap Growth funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare FCNTX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.


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Sours: https://www.yahoo.com/now/fidelity-contrafund-fcntx-strong-mutual-110011844.html
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Is Fidelity Contrafund (FCNTX) a Strong Mutual Fund Pick Right Now?

Large Cap Growth fund seekers should not consider taking a look at Fidelity Contrafund (FCNTX - Free Report) at this time. FCNTX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.

Objective

We classify FCNTX in the Large Cap Growth category, an area rife with potential choices. Large Cap Growth funds invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. To be considered large-cap, companies must have a market cap over $10 billion.

History of Fund/Manager

Fidelity is based in Boston, MA, and is the manager of FCNTX. Fidelity Contrafund debuted in May of 1967. Since then, FCNTX has accumulated assets of about $82.70 billion, according to the most recently available information. The fund is currently managed by Will Danoff who has been in charge of the fund since September of 1990.

Performance

Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 9.3%, and it sits in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 10.16%, which places it in the top third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FCNTX over the past three years is 12.71% compared to the category average of 11.06%. The fund's standard deviation over the past 5 years is 11.94% compared to the category average of 10.83%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

It's always important to be aware of the downsides to any future investment, so one should not discount the risks that come with this segment. FCNTX lost 46.34% in the most recent bear market and outperformed its peer group by 2.5%. This means that the fund could possibly be a better choice than its peers during a down market environment.

Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. FCNTX has a 5-year beta of 0.99, which means it is likely to be as volatile as the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. With a positive alpha of 0.97, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is largely on equities that are traded in the United States.

This fund is currently holding about 92.52% stock in stocks, which have an average market capitalization of $267.35 billion. The fund has the heaviest exposure to the following market sectors:

  1. Technology
  2. Finance
  3. Other
Turnover is about 34%, so those in charge of the fund make fewer trades than its comparable peers.

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FCNTX is a no load fund. It has an expense ratio of 0.84% compared to the category average of 1.05%. Looking at the fund from a cost perspective, FCNTX is actually cheaper than its peers.

This fund requires a minimum initial investment of $2,500, while there is no minimum for each subsequent investment.

Bottom Line

Overall, Fidelity Contrafund ( FCNTX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a somewhat weak choice for investors right now.

Your research on the Large Cap Growth segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.

Sours: https://www.zacks.com/stock/news/350178/is-fidelity-contrafund-fcntx-a-strong-mutual-fund-pick-right-now

Zacks fcntx

Is Fidelity Contrafund (FCNTX) a Strong Mutual Fund Pick Right Now?

Large Cap Growth fund seekers should consider taking a look at Fidelity Contrafund (FCNTX - Free Report) . FCNTX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.

Objective

We classify FCNTX in the Large Cap Growth category, an area rife with potential choices. Large Cap Growth funds invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. To be considered large-cap, companies must have a market cap over $10 billion.

History of Fund/Manager

Fidelity is responsible for FCNTX, and the company is based out of Boston, MA. The Fidelity Contrafund made its debut in May of 1967 and FCNTX has managed to accumulate roughly $122.89 billion in assets, as of the most recently available information. The fund's current manager, Will Danoff, has been in charge of the fund since September of 1990.

Performance

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 21.71%, and is in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 20.81%, which places it in the middle third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, FCNTX's standard deviation comes in at 19.1%, compared to the category average of 17.5%. Over the past 5 years, the standard deviation of the fund is 15.84% compared to the category average of 14.49%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should note that the fund has a 5-year beta of 0.98, so it is likely going to be as volatile as the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. Over the past 5 years, the fund has a positive alpha of 3.8. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is largely on equities that are traded in the United States.

Right now, 85.28% of this mutual fund's holdings are stocks, which have an average market capitalization of $464.61 billion. The fund has the heaviest exposure to the following market sectors:

  1. Technology
  2. Finance
  3. Retail Trade
Turnover is 32%, which means, on average, the fund makes fewer trades than its comparable peers.

Expenses

For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, FCNTX is a no load fund. It has an expense ratio of 0.85% compared to the category average of 1.02%. FCNTX is actually cheaper than its peers when you consider factors like cost.

Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.

Bottom Line

Overall, Fidelity Contrafund ( FCNTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Contrafund ( FCNTX ) looks like a good potential choice for investors right now.

Don't stop here for your research on Large Cap Growth funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare FCNTX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.

Sours: https://www.zacks.com/stock/news/1767319/is-fidelity-contrafund-fcntx-a-strong-mutual-fund-pick-right-now
Zacks Mutual Fund Rank: Introduction

Is Fidelity Contrafund (FCNTX) a Strong Mutual Fund Pick Right Now?

If you have been looking for Large Cap Growth fund category, a potential starting could be Fidelity Contrafund (FCNTX - Free Report) . FCNTX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.

Objective

FCNTX is part of the Large Cap Growth section, and this segment boasts an array of other possible options. Large Cap Growth mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. Companies are usually considered to be large-cap if their market capitalization is over $10 billion.

History of Fund/Manager

FCNTX finds itself in the Fidelity family, based out of Boston, MA. Fidelity Contrafund made its debut in May of 1967, and since then, FCNTX has accumulated about $113.14 billion in assets, per the most up-to-date date available. The fund is currently managed by Will Danoff who has been in charge of the fund since September of 1990.

Performance

Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 18.16%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 19.01%, which places it in the middle third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 17.53%, the standard deviation of FCNTX over the past three years is 19.65%. The fund's standard deviation over the past 5 years is 16.11% compared to the category average of 14.77%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should note that the fund has a 5-year beta of 0.99, so it is likely going to be as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a positive alpha of 2.81, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.

As of the last filing date, the mutual fund has 75.93% of its assets in stocks, with an average market capitalization of $403.80 billion. The fund has the heaviest exposure to the following market sectors:

  1. Technology
  2. Finance
  3. Retail Trade
With turnover at about 32%, this fund is making fewer trades than its comparable peers.

Expenses

For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, FCNTX is a no load fund. It has an expense ratio of 0.87% compared to the category average of 1.04%. From a cost perspective, FCNTX is actually cheaper than its peers.

While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.

Bottom Line

Overall, Fidelity Contrafund ( FCNTX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, this fund looks like a somewhat average choice for investors right now.

Don't stop here for your research on Large Cap Growth funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare FCNTX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.

Sours: https://www.zacks.com/stock/news/1251112/is-fidelity-contrafund-fcntx-a-strong-mutual-fund-pick-right-now

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