FCNTX - Fidelity Contrafund Fund

Nasdaq - Nasdaq Delayed Price. Currency in USD
12.97
-0.09 (-0.69%)
At close: 8:00PM EDT
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Previous Close13.06
YTD Return21.87%
Expense Ratio (net)0.82%
CategoryLarge Growth
Last Cap Gain0.00
Morningstar Rating★★★★
Morningstar Risk RatingBelow Average
Sustainability Rating
Net Assets120.89B
Beta (3Y Monthly)1.04
Yield0.00%
5y Average ReturnN/A
Holdings Turnover32.00%
Last Dividend0.00
Average for CategoryN/A
Inception DateMay 17, 1967
  • Bogle's legacy: Booming index funds with perhaps too much reach
    Reuters

    Bogle's legacy: Booming index funds with perhaps too much reach

    John "Jack" Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively pick stocks, but his legacy will also be shaped by the unintended consequences of index funds. Bogle, who died of cancer at age 89 on Wednesday, saved investors billions of dollars by devising and championing low-fee funds that tracked markets instead of trying to beat them. As recently as 2007, index funds and ETFs accounted for only 15 percent of long-term fund assets, according to the Investment Company Institute.

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