Contrafund (FCNTX) | Fidelity Institutional (2024)

FAQs

Is FCNTX a good buy now? ›

Is FCNTX a Buy, Sell or Hold? Fidelity Contra Fund has a consensus rating of Strong Buy which is based on 261 buy ratings, 44 hold ratings and 0 sell ratings.

About FCNTX

The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. The fund is the "largest solely managed active equity mutual fund in the world," according to Fidelity.

The fund's Retail Class shares gained 25.63%, handily topping the 15.29% advance of the benchmark, the S&P 500^® index, and the 17.60% result of the peer group average. For the trailing 12 months, the fund gained 39.83%, versus 24.56% for the benchmark and 29.15% for the peer average.

Shares of the fund are only available for purchase by mutual funds for which FMR or an affiliate serves as investment manager. This fund is closed to new investors.

Overall Rating. Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 1083 funds within its Morningstar Category.

FCNTX pays a dividend of $0.01 per share. FCNTX's annual dividend yield is 0.04%. When is Fidelity Contra Fund ex-dividend date? Fidelity Contra Fund's previous ex-dividend date was on Feb 16, 2024.

If you have a long-term investment horizon, then only you should consider adding Contra Funds to your portfolios. Contra Funds select underperforming equities with untapped potential, and thus you require patience.

Who manages FCNTX? ›

William Danoff has been the manager of the Fidelity Contrafund since September of 1990.

Obviously, what investors are looking for in these funds is strong performance relative to their peers. FCNTX has a 5-year annualized total return of 17.4% and it sits in the top third among its category peers.

The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing.

In terms of fees, FCNTX is a no load fund. It has an expense ratio of 0.40% compared to the category average of 0.95%. From a cost perspective, FCNTX is actually cheaper than its peers.

The consensus among 4 Wall Street analysts covering (NYSE: FNF) stock is to Buy FNF stock.

Contra Funds are considered riskier investments compared to other safe options like Large Cap funds and debt instruments. They have a higher level of volatility since they contradict conventional market practices.

A recent review has shown that Fidelity Bank outperformed all major market indices for measuring returns at the Nigerian stock market, with the bank's average annual return over the past five years twice the average return by the overall market and almost four times of average return in the banking sector.