Is Fidelity Contrafund still closed to new investors?
Fund Closed to New Accounts: This fund is closed to new investors.
Do mutual funds have a prospectus?
Answer: A mutual fund prospectus is a pamphlet or brochure that provides information about a mutual fund. Mutual fund companies must give potential investors a prospectus, free of charge, before they invest. You can get a prospectus by calling the mutual fund company directly or by visiting the fund’s website.
Is Fidelity Contrafund a mutual fund?
About FCNTX The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. The fund is the “largest solely managed active equity mutual fund in the world,” according to Fidelity.
What does Fidelity Contra Fund invest in?
The fund invests primarily in large-cap U.S. stocks, but it has a small number of foreign securities. The fund favors the technology sector with historically around a third of their assets allocated there, followed by communications, healthcare, and financials.
Did the Fidelity Contrafund split?
Fidelity Investments is moving ahead with a 10-to-1 split of shares at some of its most popular funds, including its Contrafund flagship fund, after putting the move on pause for two months following technical issues. The lower NAVs can make the funds easier for Fidelity to market to both new and existing investors.
What is found in 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. You can obtain these documents directly from fund companies through mail, email or phone.
Who runs Fidelity Contrafund?
William Danoff
William Danoff is the single manager of the Fidelity Investments’ flagship mutual fund Contrafund. Contrafund is one of Fidelity’s largest mutual funds holding over $129 billion in assets, making it the largest single-manager mutual fund in the world.
Is Contrafund an ETF?
As of Dec. 31, 2013, Contrafund’s portfolio was 88.42 percent U.S. equities and 9.35 percent developed-market equities, with the balance mostly in cash….ETF Replacements For Contrafund.
| Benchmark Name/Fund Name | Weighted Average Market Cap | P/E Ratio |
|---|---|---|
| MSCI USA Large Growth | 123,162,786,854 | 22.20 |
| Contrafund | 111,081,703,395 | 28.44 |