Morningstar - Q4 2020 - 50

Fidelity®
Contrafund®

FCNTX
The picture
of outperformance.
An initial investment in Contrafund®
in 1990 would be worth more than 2X
the amount if invested in the S&P 500.*
Contrafund has continued its march of outperformance.
Fidelity Contrafund Manager Will Danoff has done it again and again. 3 bear markets,
12 market corrections, and 30 years of consistent outperformance. And as we continue to
push through yet another period of market turbulence, now is the time to try to beat the market.

Take an active position.
Fidelity.com/active

*Hypothetical growth of $10,000 during manager's tenure Fidelity® Contrafund® (FCNTX) vs. S&P 500® Index (09/17/1990-09/30/2020). Fidelity® Contrafund®, $473,584. S&P 500® Index, $198,419.
Average annual total returns: Fidelity® Contrafund® as of 09/30/2020, 1-year: 35.10%, 5-year: 17.75%, 10-year: 15.52%, and manager tenure (since 09/17/1990): 13.69%. S&P 500® Index as of 09/30/2020, 1-year: 15.15%, 5-year:
14.15%, 10-year: 13.74%, and manager tenure (since 09/17/1990): 10.45%.

Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses.
Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. Current performance may be
higher or lower than what is quoted, and investors should visit Fidelity.com/performance for most recent month-end performance.
"Expense Ratio" is the total annual fund operating expense ratio from the fund's most recent prospectus. Expense ratio as of 9/30/2020: 0.85%.
S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Fidelity Distributors Company LLC, 500 Salem Street, Smithfield, RI 02917 © 2020 FMR LLC. All rights reserved. 931866.2.0


http://www.Fidelity.com/active http://www.Fidelity.com/performance

Morningstar - Q4 2020

Table of Contents for the Digital Edition of Morningstar - Q4 2020

Contents
Morningstar - Q4 2020 - CT1
Morningstar - Q4 2020 - CT2
Morningstar - Q4 2020 - Cover1
Morningstar - Q4 2020 - Cover2
Morningstar - Q4 2020 - 1
Morningstar - Q4 2020 - 2
Morningstar - Q4 2020 - Contents
Morningstar - Q4 2020 - 4
Morningstar - Q4 2020 - 5
Morningstar - Q4 2020 - 6
Morningstar - Q4 2020 - 7
Morningstar - Q4 2020 - 8
Morningstar - Q4 2020 - 9
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Morningstar - Q4 2020 - Cover3
Morningstar - Q4 2020 - Cover4
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https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20141011
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https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20141201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120405
https://www.nxtbook.com/nxtbooks/morningstar/investorconference2012
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20091011
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https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090405
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https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007spring
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