FCNTX - Fidelity ® Contrafund ® (2024)

FAQs

Is FCNTX still a good fund? ›

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

What is FCNTX's average 12-month price target, according to analysts? Based on analyst ratings, Fidelity Contra Fund's 12-month average price target is $23.42.

Fidelity Contrafund (FCNTX) is a potential starting point. FCNTX carries a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance. FCNTX is part of the Large Cap Growth section, and this segment boasts an array of other possible options.

This fund is closed to new investors. Class B shares are also closed to additional purchases by existing shareholders.

Fidelity Equity Income Fund invests in a portfolio of large-cap stocks that collectively deliver a higher dividend yield than the S&P 500. The portfolio stocks primarily fall into the value 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.

Fidelity Contrafund (symbol FCNTX) is a mutual fund operated and provided by Fidelity Investments.

When setting a stock's price target, an analyst is trying to determine what the stock is worth and where the price will be in 12 or 18 months. Ultimately, price targets depend on the valuation of the company that's issuing the stock.

Who should invest in contra fund? ›

You need to have a higher risk appetite for investing in these funds. If you have a long-term investment horizon, then only you should consider adding Contra Funds to your portfolios.

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. SIPC protects each client up to $500,000, including up to $250,000 protection for cash awaiting investment.

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.

About FCNTX

The fund is the "largest solely managed active equity mutual fund in the world," according to Fidelity. As of November 27, 2023, the fund has assets totaling almost $105.02 billion invested in 349 different holdings.

Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Stability & safety

While not insured by the FDIC, the funds are required by federal regulations to invest in short-maturity, low-risk investments, making them less prone to market fluctuations than many other types of investments.

Assuming the 90 days horizon Fidelity Contrafund is expected to generate 0.76 times more return on investment than Fidelity Growth. However, Fidelity Contrafund is 1.31 times less risky than Fidelity Growth. It trades about 0.0 of its potential returns per unit of risk.

Investors were left shaken when Franklin Templeton took the unprecedented decision to wind up six of its debt funds on 23 April 2020. A crippling market dislocation, fed by the onset of the Covid pandemic, had sucked out liquidity from the funds' underlying holdings.