Outline of Fidelity Contrafund Fund (FCNTX)

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Fidelity Contrafund Fund ( FCNTX ) seeks capital appreciation. FCNTX invests primarily in the common stock of companies whose value the management believes is not fully recognized by the public. The types of companies in which FCNTX may invest include companies experiencing positive fundamental change such as a new management team or product launch or companies that are undervalued in relation to securities of other companies in the same industry. FCNTX usually invests in 'growth' stocks, 'value' stocks, or both. FCNTX invests in foreign and domestic issuers.

This Large Blend product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 11.4% and 5 year 13.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

FCNTX's performance, as of the last filing, when compared to funds in its category was in the top 27% over the past 1 year, and in the top 9% over the past 3 years and in the top 22% over the past 5 years.

The Fidelity Contrafund fund, as of the last filing, allocates their fund in top three major groups; Large Growth, Large Value and Foreign Stock. Further, as of the last filing, Alphabet Inc, Facebook Inc and Berkshire Hathaway Inc were the top holdings for FCNTX.

This Zacks Rank #1 (Strong Buy) was incepted in May 1967 and is managed by Fidelity . FCNTX carries an expense ratio of 0.68% and requires a minimal initial investment of $2,500.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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