Review of my retirement portfolio - FCNTX
FCNTX is in my investment portfolio for the past three years. I am satisifed with overall risk and performance. Expense ratio is below 1.0 (one of the requirements for my portfolio). Annual Turnover is well below 100%.This Fund was closed in March 2006. Though Fund closing is good for existing shareholders as it could stabilize the cash flows and improve its performance, a Morning Star study about fund closings and performance found that the performance detroriates after the closing. As of now, I am going to hold on to this fund because I believe in Will Danoff's consistent investing strategy.
Fidelity Contrafund (FCNTX)
Large Growth
Expense Ratio 0.91%
Annual Turnover 60%
Closed in Mar 2006
Largest equity fund managed by Wil Danoff
Less Risky
Manager Tenure is 16 yrs
3 years return 15.98
Past 12 months return when compared to its best benchmark is -1.89% (Vanguard 500Index)
Its returns are higher than that of its peer group
Morning Star Risk rating low
Morning Star Return Rating high
Morning Star Rating *****
Asset Allocation %
Cash 10.19
U.S. Stocks 67.73
Foreign Stocks 21.69
Bonds 0.00
Other 0.4
3 year (modern portfolio theory) statistics
Alpha (against Standard Index) 3.28
Beta (against Standard Index) 0.99
Mean Annual Return 14.93
R-squared (against Standard Index) 66
Standard Deviation 8.93
Sharpe Ratio 1.27
Treynor Ratio 3.51
Source: Yahoo Finance, Morning Star, Fund Alarm
Labels: FCNTX
posted by Valli @ 10:08 AM
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