Fund Spy

What Sets Fidelity Contrafund Apart

Robby Greengold
The following is our latest Fund Analyst Report for Fidelity Contrafund (FCNTX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

Fidelity Contrafund has excelled during manager Will Danoff’s nearly three-decade tenure, supporting its Morningstar Analyst Rating of Silver.

Danoff looks for best-of-breed companies with good business models, competitive advantages, and improving earnings potential, placing much emphasis on company management. While that premise could define many large-growth competitors, the fund's process has been successful because of Danoff's execution. He's hands-on, participating in many of the hundreds of company meetings that occur at Fidelity every year. He also has Fidelity's large global analyst team at his disposal, which helps him keep tabs on the sprawling portfolio of 300-plus names and feeds him ideas that can help distinguish the fund from its relevant benchmarks.

Robby Greengold does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.