Fidelity Contrafund Fund Overview and Performance

The Fidelity Contrafund is a popular investment option that's been around for decades. It was launched in 1963 by legendary investor Will Danoff.

The fund's primary goal is to deliver long-term growth by investing in a mix of large-cap and mid-cap stocks. This approach has helped the fund achieve impressive returns over the years.

Since its inception, the Fidelity Contrafund has consistently outperformed the S&P 500 index. Its average annual return is around 13.5%, which is significantly higher than the index's average return of 10.5%.

The Fidelity Contrafund has delivered impressive returns over the years, with a 3-year annualized total return of 13.0% and a 5-year annualized total return of 16.5%.

In terms of distribution frequency, the fund distributes capital gains annually and has a dividend distribution frequency of semiannually. This means investors can expect to receive regular dividend payments, which can be a great way to earn extra income from their investments.

The fund's asset allocation is heavily weighted towards stocks, with 98.29% of its portfolio invested in this asset class. This is a relatively aggressive allocation, but it has paid off in terms of returns, with the fund's 1-year return ranking at 15.09% in its category.

Cumulative Total Returns can be a bit mind-boggling, but let's break it down. The 5 Yr Annualized Total Return is 16.5%.

You'll notice the 3 Yr Annualized Total Return is 13.0%, and the 10 Yr Annualized Total Return is not available for this investment. The 1 Yr Return is 33.7%, and the 2020 Return is 30.9%.

Here's a summary of the cumulative total returns:

The 2024 Return is 35.4%, and the 2023 Return is 37.7%. The 2022 Return is -27.1%, and the 2021 Return is 24.2%.

Active Share is a key metric that measures the degree to which a portfolio's holdings differ from its benchmark. In our analysis, we found that the Active Share of the portfolio is {{((holdingsRoot.holdingSubTypes)[0].holdingSubTypeLaggeds | filter:{lagPeriod:'0M'})[0].holdingsPercent | naCheckPercent:2}}%.

This means that the portfolio's holdings deviate from the benchmark by a significant margin, indicating a high level of active management.

The Fidelity Contrafund portfolio is a diverse mix of investments. The weighted average maturity is approximately 1.1 years as of the last update.

The fund's turnover rate is relatively high, at around 90% as of the last update. This means the fund's holdings are constantly being adjusted to optimize performance.

Here's a breakdown of the fund's top holdings:

Classification of portfolio data is crucial for effective management.

Portfolio data can be broadly classified into two categories: financial and non-financial.

Financial data includes market values, returns, and cash flows of individual assets.

Non-financial data includes information on asset characteristics, such as size, style, and sector.

These two categories can further be sub-classified into different types of data, such as historical and current data.

Historical data includes past performance and returns of assets, while current data includes real-time market information.

Understanding the classification of portfolio data is essential for making informed investment decisions.

It helps investors to identify trends, patterns, and relationships between different assets, which can lead to better investment outcomes.

The holdings of a portfolio are a crucial aspect of understanding its overall performance and strategy.

A portfolio can hold a significant number of stocks, with some having as few as 10 holdings and others having over 100. The exact number can be seen in the "Top 10 Holdings" section, which lists the top 10 holdings of a portfolio, including META PLATFORMS INC, NVIDIA CORP, and BERKSHIRE HATHAWAY INC.

The sector breakdown of a portfolio can also be revealing, with some portfolios having a significant weighting in certain sectors. According to the "Stock Sector Breakdown" section, the technology sector is the largest sector in many portfolios, with a weighting of up to 26.18%.

The number of holdings in a portfolio can fluctuate over time, with some portfolios having a higher turnover rate than others. The "Turnover Rate" section shows that some portfolios have an annualized turnover rate of up to 65.70%.

A portfolio can also be broken down into different categories, including the number of holdings, issuers, and sector weightings. Here is a summary of the key statistics:

The stock geographic breakdown is a crucial aspect of understanding your portfolio's performance. It shows you where your investments are coming from, which is mostly the US, making up a whopping 94.46% of the portfolio.

The remaining 3.83% of the portfolio is invested in non-US regions, which is a relatively small portion but still an important part of diversification.

A closer look at the numbers reveals that the US region has a return range of 0.00% to 123.52%, while the non-US region has a return range of 0.00% to 75.46%. These numbers give you an idea of the potential risks and rewards associated with each region.

Here's a breakdown of the stock geographic breakdown:

This table shows you the exact numbers for each region, making it easy to compare and contrast the performance of your portfolio.

NAV as of {{price.navDate}} at {{price.strikeTime | convertTimeAMPM}} is the current value of your investment. This value can be affected by various market and economic factors.

The term "advisor" on this site refers to both investment advisors and broker dealers. This collective term is used throughout the site.

The NAV is displayed in a specific format, showing the date and time it was calculated. For example, the date and time might be displayed as "February 27, 2022, at 4:00 PM EST".

If you're using Internet Explorer, make sure you're running version 9 or newer to avoid any issues when submitting date ranges greater than one year.

The fees and expenses associated with Fidelity Contrafund are outlined in the fund's details. The maximum sales charge for the fund is not explicitly stated, but the maximum CDSC (Contingent Deferred Sales Charge) is {{(fundDetails.overview.featureInformation | filter:{featureCode:'64'})[0].featureValue | addPercent}}.

The expense ratio for the fund is not explicitly stated in the fund details, but the expense cap is {{fundDetails.overview.expenseCap| naCheckPercent: 2}}. This means that the fund's expenses will not exceed this percentage of the fund's net assets.

The fund charges a short-term trading fee, which is applicable for a certain period of {{(fundDetails.overview.featureInformation | filter:{featureCode:'RFPRD'})[0].featureValue}} Days. The management fee and distribution and/or service (12b-1) fees are also applicable, but the exact amounts are not specified in the fund details.

Here is a summary of the fees and expenses:

Risk is an essential factor to consider when evaluating fees and expenses. The risks associated with a fund can have a significant impact on your investment returns.

Alpha - Annualized, a measure of a fund's excess return compared to its benchmark, can be a crucial indicator of risk. According to the data, Alpha - Annualized is typically around 2% or less.

Beta, which measures a fund's volatility relative to its benchmark, can also be an important risk factor. Beta values range from 0 to 1, with higher values indicating greater volatility.

Information Ratio, a measure of a fund's excess return compared to its tracking error, can also provide insight into risk. A higher Information Ratio typically indicates lower risk.

R-Squared, a measure of a fund's correlation with its benchmark, can also be a useful risk indicator. R-Squared values range from 0 to 1, with higher values indicating a stronger correlation.

Here's a breakdown of some key risk metrics:

Sharpe Ratio, a measure of a fund's excess return compared to its risk, can also provide insight into risk. A higher Sharpe Ratio typically indicates lower risk.

Standard Deviation, a measure of a fund's volatility, can also be an important risk factor. Lower Standard Deviation values typically indicate lower risk.

Sharpe Ratio and Standard Deviation values can be found in the fund's risk data, providing a more detailed understanding of the risks involved.

Expenses and loads are an essential part of understanding the fees associated with investing in a fund. The maximum sales charge can range from a fixed amount to a percentage of the investment, with some funds charging as high as 5.75% of the initial investment.

The maximum CDSC, or contingent deferred sales charge, can be as high as 1% of the investment, depending on the fund. This fee is typically charged when you sell your shares within a certain period.

Expenses and loads can eat into your investment returns over time. For example, a fund with a 1% expense ratio can reduce your returns by 1% per year. This may not seem like a lot, but it can add up over time.

Here are some common expenses and loads you may encounter:

Some funds may also charge additional fees, such as distribution and/or service fees, also known as 12b-1 fees, which can range from 0.25% to 1.00% of the investment.

Fidelity Contrafund has a history of paying out dividends to its investors. The fund's dividend history dates back to 2017, with the first recorded dividend payout of $0.017 on December 8, 2017.

Looking at the fund's dividend distribution history, we can see that the payouts have varied over the years, ranging from $0.004 in 2020 to $0.103 in 2022. The frequency of dividend payments is twice a year, in February and December.

The fund's management team has also been consistent, with some managers having a long tenure with Fidelity. For example, the average Fidelity tenure for the fund's managers is 4 years, while the average fund tenure is 3 years.

The Fund ID# is a unique identifier for the fund, and in this case, it's {{fundDetails.overview.fundNo | naCheck:'na'}}.

The CUSIP is a standard identifier for the fund, and this one is {{fundDetails.overview.cusipNumber | naCheck:'na'}}.

The fund's inception date is a significant milestone, marking the beginning of its operations, and it's {{fundDetails.overview.portfolioInceptionDate | naCheck:'na'}}.

The fund's portfolio assets are a key indicator of its size and scope, and as of {{fundDetails.priceStatistics.fundAssetsDate}}, they stand at {{fundDetails.priceStatistics.portfolioNetAssets/1000000 | currency}} million dollars.

Here's a breakdown of the fund's expenses:

The fund's weighted average maturity is a measure of its credit quality, and as of {{fundDetails.wamData.averageMaturityDaysDate}}, it's {{fundDetails.wamData.averageMaturityDaysInDays}} days.

The fund's weighted average life is a related measure, and as of {{fundDetails.wamData.averageMaturityDaysDate}}, it's {{fundDetails.wamData.avgLifeDays}} days.

The company has a history of paying ordinary dividends to its shareholders. The first recorded dividend was paid in 2017, with a payment of $0.017 per share.

Over the years, the company has consistently paid dividends, with some fluctuations in the amount paid. In 2021, the company paid a dividend of $0.098 per share, which is the highest amount paid in the past decade.

The company's dividend payments have been made on a regular schedule, with payments typically made in December and February of each year. This consistency is a testament to the company's commitment to returning value to its shareholders.

Here are the company's dividend payments over the past decade:

The company's dividend payments have been steadily increasing over the years, with some fluctuations. This trend suggests that the company is committed to returning value to its shareholders and is confident in its financial performance.

The management team plays a crucial role in the success of a fund. The average tenure of a manager at Fidelity is {{managerTenureInfo.averageFidelityTenure | checkTenureValueInYears}} years.

This tenure is likely a result of a combination of factors, including the manager's experience and the fund's performance. The average tenure of a manager on a fund is {{managerTenureInfo.averageFundTenure | checkTenureValueInYears}} years.

Meet the person behind the numbers: {{managerInfo.firstName}} {{managerInfo.lastName}} has been a {{managerInfo.role}} since {{managerInfo.tenureStDate}}.

Here's a quick rundown of the key stats:

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Net asset value is an important metric for funds, and it's displayed in a specific format in the Year-End NAV(Fund) section. The date is shown in the year format, and the display daily net asset value is formatted to show dollar amounts.

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