Understanding Fidelity Contrafund Commingled Pool

The Fidelity Contrafund Commingled Pool is a type of investment that's part of Fidelity's family of mutual funds.

It's a large-cap stock fund that's been around since 1973, making it one of the oldest and most established funds in the Fidelity lineup.

The fund's investment strategy is to buy and hold a diversified portfolio of large-cap stocks, with the goal of generating long-term growth.

The fund's management team, led by Will Danoff, has a reputation for being contrarian investors, meaning they often go against the crowd in their investment decisions.

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Fidelity Contrafund Commingled Pool is a type of investment vehicle that offers a diversified portfolio of stocks, bonds, and other securities.

It's a commingled pool, meaning that it's a single fund that combines money from multiple investors, allowing for economies of scale and potentially lower fees.

The pool is managed by Fidelity's Contrafund, which has a long history of delivering strong returns, with a 20-year average annual return of 10.5% as of 2022.

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We've taken a close look at Fidelity Contrafund's strategy and reaffirmed its strong Process and People ratings.

Its portfolio manager has exceptional skill, which is a major plus.

The fund's massive asset base is a notable drawback.

A significant holding in Meta Platforms has recently helped boost its performance.

Fidelity Contrafund has a solid track record of returns, with an annualized one-year return of 9.41%.

Its three-year return stands at 19.04% and its five-year return is 17.83% as of March 31, 2022.

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Fidelity's Contrafund has a clear investment objective that's been in place since Danoff began managing the fund. It's focused on achieving capital appreciation by picking good growth and value stocks that aren't yet recognized by the public.

The fund's management team uses bottom-up fundamental analysis to identify companies with strong free cash flows, above-average returns on capital, and strong management teams. This approach helps them find companies poised for sustained, above-average earnings growth not reflected in the stock's price.

The fund's investment strategy is centered around finding best-of-breed companies with potential for long-term growth. This approach has been successful, helping the fund grow to $126.37 billion in assets under management as of March 31, 2022.

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Fidelity Contrafund's investment process is based on bottom-up fundamental analysis, which involves identifying companies with strong free cash flows, above-average returns on capital, and strong management teams.

The fund's management team, led by Danoff, has a proven track record of delivering superior performance relative to their benchmarks and/or peers.

FCNTX's investment process is clearly defined and repeatable, with a focus on picking good growth and value stocks that are not recognized by the public.

Here are the current holdings of FCNTX:

FCNTX's management team has a strong track record, with the fund's objective being to achieve capital appreciation by picking good growth and value stocks that are not recognized by the public.

FCNTX is a fund managed by Fidelity, and it's a popular choice among investors. The fund's investment objective is to achieve capital appreciation by picking good growth and value stocks that are not recognized by the public.

The fund's management team has a long history of success, with Danoff at the helm since the fund's inception. Through the use of bottom-up fundamental analysis, the fund's management identifies companies poised for sustained, above-average earnings growth not reflected in the stock's price.

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The fund's portfolio is currently managed by a team with extensive experience in the industry. The management team's ability to deliver superior performance relative to their benchmarks and/or peers is a key factor in the fund's success.

As of the current portfolio date, November 30, 2024, the fund's equity holdings are not specified, but it's worth noting that the fund's assets are concentrated, with 56.1% of assets in the top 10 holdings.

Here are the key pillars that Morningstar uses to evaluate the fund's performance:

A collective investment scheme (CIS) disperses your money with other shareholders throughout the fund's holdings.

Your unit holdings indicate your proportionate ownership of the fund's assets, earnings, and capital growth.

The cost of these units changes due to the fluctuating value of the assets, and your share will fluctuate as the number of units distributed splits the fund's worth.

Some funds are low-risk, investing primarily in cash, while others take more significant risks, investing in new companies or markets for faster growth.

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The Fidelity Contrafund has a strong track record of performance. The fund's one-year return as of March 31, 2022, was 9.41%, with a three-year return of 19.04% and a five-year return of 17.83%.

The fund's performance has been consistently strong over the years, with an annualized one-year return of 9.41% and a three-year return of 19.04%.

Here's a breakdown of the fund's performance over the last few years:

The fund's performance has been impressive, with a three-year return of 19.04% and a five-year return of 17.83%.

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The Fidelity Contrafund is a mutual fund that invests in large U.S. companies, including tech giants like Apple, Salesforce, and Amazon Inc. It's managed by Fidelity Investments and aims to find value stocks with growth potential.

The fund focuses on U.S. large-cap stocks with market values exceeding $10 billion, which is a significant threshold. This indicates that the fund invests in established companies with a strong market presence.

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More than 45% of the fund's holdings are in the information technology and communications services sectors, highlighting its focus on these areas. This is not surprising, given the dominance of tech companies in the U.S. market.

The fund has a long history of successful management, with William Danoff at the helm since September 1990. Danoff's experience and expertise have been instrumental in the fund's performance.

Here's a snapshot of the fund's performance over the past few years:

Overall, the fund's performance has been impressive, with a three-year return of 19.04% and a five-year return of 17.83% as of March 31, 2022.

The Process Pillar assesses FCNTX's performance objective and investment process, which is sensible, clearly defined, and repeatable for both security selection and portfolio construction.

FCNTX's management team has a high-quality experience and ability, delivering superior performance relative to their benchmarks and/or peers.

The current portfolio date is November 30, 2024, with 56.1% of assets in the top 10 holdings.

FCNTX's performance over the last few years is impressive, with a 1-year return of 9.41%, a 3-year return of 19.04%, and a 5-year return of 17.83%.

Here's a breakdown of FCNTX's return ranking in the calendar period:

The Fidelity Contrafund has delivered impressive returns over the years. As of March 31, 2022, the fund's one-year return was 9.41%, its three-year return was 19.04%, and its five-year return was 17.83%.

The fund's performance has been consistently strong, with a three-year return of 19.04% and a five-year return of 17.83% as of March 31, 2022. This is a testament to the fund's ability to find value stocks that are poised for growth.

The fund's one-year return was 9.41% as of March 31, 2022. This is a respectable return, especially considering the volatility of the market.

Here's a breakdown of the fund's returns over the last few years:

The fund's returns have been strong in recent years, with a 30.7% return in 2024 and a 33.1% return in 2023. However, the fund's return in 2022 was -35.6%, which was lower than the category average.

The fund's total return ranking has also been strong, with a 36.0% return in 2024 and a 39.3% return in 2023. However, the fund's total return in 2022 was -28.3%, which was lower than the category average.

Overall, the Fidelity Contrafund has delivered impressive returns over the years, with a strong track record of finding value stocks that are poised for growth.

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Fidelity Contrafund Commingled Pool has a trading fee structure that's worth understanding. The fee is 0.10% of the fund's assets under management (AUM).

You can expect to pay a redemption fee, but only if you redeem your shares within a certain timeframe. The maximum redemption fee is 1.00% of your investment, but it's only charged if you redeem within a year of purchase.

The fund's performance is categorized, and its returns are compared to others in its category.

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Operational fees can be a significant chunk of your investment returns. The expense ratio for FCNTX is 0.39%.

The expense ratio is the cost of managing the fund, and it's a key factor in determining your overall returns. It's calculated as a percentage of the fund's assets under management (AUM). In the case of FCNTX, the expense ratio is 0.39%, which is relatively low compared to other funds in its category.

Here's a breakdown of the operational fees for FCNTX:

The management fee for FCNTX is also 0.39%, which is the same as the expense ratio. This suggests that the management fee is the primary contributor to the fund's operational fees.

Sales fees can eat into your investment returns, so it's essential to understand what they are and how they work.

Front-load fees, also known as upfront fees, can be as high as 8.50% of your investment, as seen in the case of FCNTX fees.

Deferred-load fees, on the other hand, can range from 1.00% to 5.00% of your investment, depending on the fund.

Here are some key sales fee details for FCNTX:

Trading fees are an important consideration when investing in a fund like FCNTX. The maximum redemption fee is not applicable to this fund.

FCNTX charges fees as a percentage of its assets under management (AUM). Let's take a look at the specifics.

Here's a breakdown of the trading fees associated with FCNTX:

Keep in mind that these fees are subject to change, and it's essential to review the fund's prospectus or contact the fund administrator for the most up-to-date information.

The Fidelity Contrafund commingled pool has a significant concentration of assets, with a net asset value of $148 billion and a number of holdings that ranges from 2 to 3061, depending on the category. This concentration is reflected in the fund's top 10 holdings, which account for 49.14% of the fund's assets.

The fund's top 10 holdings are dominated by tech giants, with Meta Platforms Class A (META) making up 9.7% of the fund's assets, followed closely by Amazon Inc. (AMZN) at 7.8%. Microsoft Corp. (MSFT) and Berkshire Hathaway Class A (BRK.A) round out the top 5, with 6.5% and 5.9% of the fund's assets respectively.

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Here are the top 10 holdings of the Fidelity Contrafund commingled pool, along with their percentage weightings:

Concentration Analysis is a crucial aspect of portfolio analysis. It helps investors understand how much of their portfolio is invested in a single asset or a small group of assets.

The Fidelity Contrafund (FCNTX) has a significant concentration of assets in its top 10 holdings, which represent 49.14% of the fund's assets.

The fund's top 10 holdings include well-established companies like Meta Platforms, Amazon, and Microsoft, which have a combined weighting of 56.94% in the fund.

The fund's concentration can be broken down into key metrics:

Let's take a closer look at the stock geographic breakdown of our portfolio. The US accounts for a whopping 94% of our portfolio's weighting.

A significant chunk of our investment is indeed concentrated in the US market. This is evident from the 94% weighting assigned to it.

The return on investment in the US market has been substantial, with a low of 0% and a high of 123.52%. It's worth noting that this is a significant range.

The FCNTX % Rank for the US market is 86.47%, which suggests a relatively stable performance.

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Analyzing a fund's sector allocation is a crucial step in portfolio analysis. It helps investors understand how their money is being invested and whether it aligns with their goals.

A fund's sector allocation can be broken down into specific sectors, such as information technology, communications services, and financials. The Contrafund, for example, has a significant allocation to information technology, making up 29.37% of the fund as of February 28, 2022.

To get a better understanding of a fund's sector allocation, it's essential to check the percentage of each sector within the fund. The Contrafund's top sectors are listed below:

For investors looking for exposure to specific sectors, it's essential to note that the Contrafund has a relatively low allocation to sectors like energy and industrials, with a total allocation of only 5.24%.

The Fidelity Contrafund has consistently delivered strong returns over the years, with a 1-year return of 34.3% and a 5-year return of 16.9%.

In terms of ranking, the fund has performed well within its category, with a 1-year rank of 13.36% and a 10-year rank of 16.39%.

Here's a breakdown of the fund's returns and rankings over different periods:

The fund's performance has been particularly strong in recent years, with a 2023 return of 33.1% and a 2024 return of 30.7%.

The Fidelity Contrafund has had some impressive returns in recent years.

In 2024, the fund returned 30.7%, which is significantly higher than the category return low of -74.1% and the category return high of 52.3%. This puts the fund at a respectable 16.89% rank in its category.

The fund's performance in 2023 was even more impressive, with a return of 33.1%. This is well above the category return low of -57.3% and the category return high of 72.4%, earning the fund a 47.58% rank in its category.

However, the fund had a tough year in 2022, with a return of -35.6%. This is lower than the category return low of -85.9% and the category return high of 4.7%, resulting in a 59.37% rank in its category.

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On the other hand, the fund had a strong year in 2021, with a return of 11.9%. This is higher than the category return low of -52.4% and the category return high of 60.5%, earning the fund a 37.36% rank in its category.

Here's a summary of the fund's performance in these years:

Overall, the Fidelity Contrafund has had some ups and downs in recent years, but its long-term performance is still worth considering.

The first public stock offering in the United States was in 1792, when the Bank of North America issued 5,000 shares.

This marked the beginning of publicly traded companies in the US, paving the way for modern stock markets.

The first mutual fund was created in 1928 by Massachusetts Investors Trust, which allowed individuals to pool their money to invest in a diversified portfolio.

This innovation made it easier for people to invest in the stock market without having to buy individual stocks.

The first index fund was introduced in 1976 by Vanguard, offering a low-cost way for investors to track the performance of a particular stock market index.

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Distributions and Fees are an important part of understanding the Fidelity Contrafund Commingled Pool. The operational fees for this fund are 0.39% of the Assets Under Management (AUM), which is the expense ratio.

This fee is relatively low, ranking 93.16% in its category. The management fee is also 0.39% of AUM, which is the same as the expense ratio. This fee is also ranked 13.08% in its category.

The 12b-1 fee is not applicable to this fund, as indicated by N/A. Similarly, the administrative fee is also not applicable, with N/A listed in the table.

The trading fees for this fund include a maximum redemption fee, which is not applicable as indicated by N/A. However, if we were to look at the range of maximum redemption fees in the category, it would be between 1.00% and 2.00%.

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