Fidelity Contrafund Morningstar Performance Analysis

The Fidelity Contrafund has consistently demonstrated strong performance over the years, with a 10-year annualized return of 14.3% as of 2022.

One of the key reasons for its success is its ability to identify undervalued companies with strong growth potential.

The fund's long-term track record is impressive, with a 20-year annualized return of 12.4% as of 2022.

Its Morningstar rating of 4 out of 5 stars is a testament to its consistent performance and competitive returns.

The Fidelity Contrafund has an impressive long-term record under the leadership of Danoff, who has managed it since 1990.

The fund's oldest class has achieved an annualized return of 13.3% through December 2023, outpacing the S&P 500's 10.7% gain and the Russell 1000 Growth Index's 11.1% gain.

Its asset base ballooned to become one of the world's largest U.S.-centric strategies, but this growth led to a slight cooling of its relative results in 2009.

The fund's emphasis on large firms with diverse business lines and competitive advantages has helped it show resilience in down markets, including the 2020 pandemic-driven bear market and calendar-year 2022.

Here's a brief comparison of the fund's performance with its benchmarks:

The fund's ability to deliver returns ahead of its peers and benchmarks is a testament to Danoff's skill, despite its relative results cooling in recent years.

The Fidelity Contrafund has a diverse portfolio, with a current portfolio date of November 30, 2024.

The fund's equity holdings are not specified, but it's worth noting that the portfolio is heavily invested in the top 10 holdings, which account for 56.1% of the assets.

The top 10 holdings are dominated by the technology sector, with four holdings making up a significant portion of the portfolio.

Here are the top 10 holdings, listed in order of their percentage of the portfolio:

The market value of the top 10 holdings is substantial, with a total value of $93.1 billion, broken down as follows:

Fidelity Contrafund has a Morningstar Medalist Rating of Silver, which indicates its portfolio manager's exceptional skill outweighs the disadvantages of its massive asset base.

The fund's Process Pillar is Average, People Pillar is High, and Parent Pillar is Above Average.

Here's a summary of the fund's key metrics:

Morningstar Analyst Rating is a key proprietary metric that helps investors gauge the quality of a fund. It's a silver rating, which indicates a moderate level of confidence in the fund's performance.

The Morningstar Process Pillar is an average rating, suggesting that the fund's investment process is fairly effective but not exceptional.

Investors can also rely on the People Pillar, which has a high rating, indicating that the fund's management team is highly skilled and experienced.

The Parent Pillar, which represents the parent company or organization, has an above-average rating, suggesting that the company is well-managed and stable.

Fidelity Contrafund has a Silver Morningstar Medalist Rating, indicating it has outperformed its peers in the large-blend category.

The fund's portfolio manager, Will Danoff, has a proven track record of success, with a High People Pillar rating.

Danoff's investment style focuses on finding best-of-breed companies with competitive advantages, improving earnings potential, and capable leadership.

Here are the key Morningstar metrics for Fidelity Contrafund:

The Fidelity Contrafund is a top-performing fund that has been around for decades. It's one of the largest and most well-known funds in the industry.

As of 2022, the fund has assets under management of over $230 billion, making it a significant player in the financial world.

The fund's long-term performance is impressive, with a 10-year annualized return of 14.4% and a 20-year annualized return of 11.4%.

Morningstar, a leading fund research and rating agency, has given the Fidelity Contrafund a 5-star overall rating, indicating its exceptional performance over time.