|Expense Ratio (net)||0.74%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Below Average|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||May 17, 1967|
Actively managed funds have become the Rodney Dangerfield of investing—they don’t get no respect. It’s no secret that passive index funds have boomed, pulling in $592 billion to active’s $7 billion over the 12 months through the end of April, according to Morningstar Direct. More than 100 mutual funds that have beaten their category peers in the past five years have suffered outflows of $1 billion or more over the past 12 months—including stellar large growth vehicles such as Fidelity Contrafund (FCNTX), T. Rowe Price Growth Stock (PRGFX), Vanguard Capital Opportunity (VHCOX), American Funds Growth Fund of America (AGTHX), and Harbor Capital Appreciation (HCAIX).
Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday. Brian Hogan, president of Fidelity's stock-picking division, held an emergency meeting on Monday afternoon with his staff to stress the company's "zero-tolerance policy" for inappropriate workplace conduct, including sexual harassment, the Journal reported, citing people familiar with the meeting. "Fidelity’s policies specifically prohibit harassment in any form," spokesman Vincent Loporchio said in a statement on Sunday.