What does Fidelity Contrafund invest in?
Fidelity Contrafund Details The fund invests primarily in large-cap U.S. stocks with 91.47% of the fund in domestic equities and 5.75% in international equities. The remainder is in a mix of bonds, cash, and other investments.
What makes up the Contrafund?
Definition: A contra fund is defined by its against-the-wind kind of investing style. The manager of a contra fund bets against the prevailing market trends by buying assets that are either under-performing or depressed at that point in time.
What happened Fidelity Contrafund?
Ford Motor said it was dropping Contrafund as an investment option in its employee retirement accounts, pulling an estimated $900 million from Fidelity Investments’ flagship mutual fund.
How good is Fidelity Contrafund?
Overall, Fidelity Contrafund ( FCNTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Contrafund ( FCNTX ) looks like a good potential choice for investors right now.
Is FCNTX a good mutual fund?
Overall, Fidelity Contrafund ( FCNTX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Contrafund ( FCNTX ) looks like a somewhat average choice for investors right now.
What is a mutual fund prospectus?
A mutual fund prospectus is a document detailing the investment objectives and strategies of a particular fund or group of funds, as well as the finer points of the fund’s past performance, managers and financial information.
How do you read a mutual fund prospectus?
How to Read a Mutual Fund Prospectus
- Start with the “investment strategy” section to see how the manager intends to invest your money.
- Fees are often confusing.
- Look at the fund’s worst year or quarter.
- Consider the fund’s portfolio turnover, which shows how often the manager buys and sells securities.