In this Fidelity Contrafund Review (FCNTX) I will do my best to give you the fact you need on this fund in an unbiased way. I will receive no compensation from Fidelity or this fund no matter who invests in it.
This fund invests in common stock that is generally not fully appreciated by the investing public in the growth and value sectors. The main strength of this fund comes from the fund manager William Danoff. He has been instrumental in leading this fund to profits since September of 1990.
There are a total of 474 different common stocks in this fund with the top ten holding 29.97% of the assets as a whole. The returns as of March 31, 2010 are a one year at 43.10%, 3 year at -0.21%, 5 year at 5.42% and the 10 year at 2.98%. All but the 1 year is a better performance than the S&P 500. This last year this fund just quit did not do as good, but still made a hefty profit. Its YTD performance so far is 5.59% as of April 28, 2010.
The expense ratio of the fund is 1.02%. The volatility measures of this fund with the data from the past three years are a Beta at 0.88, the R squared at 0.89 and the standard deviation of 19.01.
The Morningstar ratings for this fund are 5 stars in every category but the 3 year where it is only a 4 star. The Lipper ranking has it at #121 out of 786 in growth funds. This is based on total returns with other funds with similar interests.
Like with all mutual funds, past performance does not guarantee future profits, but the Fidelity Contrafund Review (FCNTX) has a good track record that can be seen.
For additional resources about mutual funds and other investments from Fidelity on this website, please view Fidelity Large Cap Growth Funds.
To compare this resource to a Vanguards approach please try Vanguard Dividend Appreciation ETF (VIG) Review on our sister site bestmutualfundsnow.com.
Additional resource for investing from another sister site of ETFinvestingblog.com is an article on Regional Bank ETFs.
We strive to bring you the latest and most accurate data possible from the home sites of the investment institutions we name. Always remember the bigger the risk, the larger the reward or loss. Invest with caution.
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