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FCNKX Fidelity® Contrafund® K

  • Fund
  • FCNKX
  • Price as of: Mar 22, 2019
  • $12.41
  • - $0.29
  • - 2.28%
  • Category
  • Large Cap Growth Equities

FCNKX - Profile

Vitals

  • YTD Return 12.7%
  • 3 Yr Annualized Return 17.3%
  • 5 Yr Annualized Return 11.2%
  • Net Assets $118 B
  • Holdings in Top 10 41.4%

52 WEEK LOW AND HIGH

$12.41
$10.25
$140.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return 17.3%
  • 5 Yr Annualized Total Return 11.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Contrafund® Fund
  • Fund Family Name Fidelity Investments
  • Inception Date May 09, 2008
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager William Danoff

Fund Description

The Fidelity Contrafund Fund Class K (FCNKX) is a low-cost, actively managed fund that seeks to grow investor capital by investing in both domestic and foreign large-cap stocks. Contra’s management uses various fundamental screens to find stocks that are undervalued or underappreciated by the markets. The fund generally holds stocks for a long time or until the stock hits its target value as determined by FCNKX’s management. The fund may invest in both value and growth stocks and traditionally has skewed towards holding mostly U.S.-domiciled companies.

Given its low costs and focus on value, FCNKX makes a great subcore choice for investors. The fund is internally managed by Fidelity.

FCNKX - Performance

Return Ranking - Trailing

Period FCNKX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.7% -97.0% 26.8% 56.06% 3
1 Yr 2.8% -52.0% 75.7% 72.41% 4
3 Yr 17.3% * -15.1% 31.4% 30.90% 2
5 Yr 11.2% * -4.7% 17.8% 37.92% 2
10 Yr 16.9% * 3.4% 22.8% 32.97% 2

* Annualized


Return Ranking - Calendar

Period FCNKX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -91.0% -91.4% 439.4% 95.37% 5
2017 24.4% -43.6% 104.4% 12.84% 1
2016 -0.5% -56.6% 121.2% 48.70% 3
2015 1.0% -41.2% 45.5% 29.66% 2
2014 1.9% -30.1% 41.8% 48.35% 3

Total Return Ranking - Trailing

Period FCNKX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.7% -100.0% 26.8% 55.98% 3
1 Yr 2.8% -71.3% 2606.2% 65.35% 4
3 Yr 17.3% * -21.9% 43.7% 27.71% 2
5 Yr 11.2% * -5.8% 17.8% 34.53% 2
10 Yr 16.9% * 3.2% 22.8% 30.99% 2

* Annualized


Total Return Ranking - Calendar

Period FCNKX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -91.0% -91.4% 439.4% 95.63% 5
2017 24.4% -43.6% 104.4% 12.96% 1
2016 0.1% -56.6% 382.6% 52.97% 3
2015 1.0% -41.2% 615.0% 71.79% 4
2014 10.3% -100.0% 357.8% 69.90% 4

NAV & Total Return History

FCNKX - Holdings

Filings data as of: Jan 31, 2019

Concentration Analysis

FCNKX Category Low Category High FCNKX % Rank Quintile
Net Assets 118 B 373 K 185 B 0.19% 1
Number of Holdings 329 1 2060 2.76% 1
Net Assets in Top 10 48.4 B 0 48.6 B 0.13% 1
Weighting of Top 10 41.4% 0.0% 1323.8% 11.83% 2

Top 10 Holdings

  1. Berkshire Hathaway Inc A 5.40%
  2. Alphabet Inc Class C 2.70%
  3. Alphabet Inc A 2.99%
  4. Facebook Inc A 6.46%
  5. Visa Inc Class A 3.02%
  6. Amazon.com Inc 6.88%
  7. UnitedHealth Group Inc 3.77%
  8. Microsoft Corp 4.01%
  9. Salesforce.com Inc 3.46%
  10. Netflix Inc 2.66%

Asset Allocation

Weighting Category Low Category High FCNKX % Rank Quintile
Stocks
94.83% 0.00% 114.53% 18.12% 5
Cash
3.83% -1291.33% 100.00% 6.56% 1
Preferred Stocks
1.34% 0.00% 14.01% 1.35% 1
Other
0.00% -15.02% 42.89% 5.78% 4
Convertible Bonds
0.00% 0.00% 3.20% 1.22% 4
Bonds
0.00% -0.09% 1276.80% 3.34% 4

Stock Sector Breakdown

Weighting Category Low Category High FCNKX % Rank Quintile
Technology
33.02% -1.29% 62.60% 8.55% 2
Financial Services
21.17% -2.38% 39.70% 3.15% 1
Consumer Cyclical
14.75% -2.22% 31.43% 17.48% 3
Healthcare
13.90% -1.03% 94.29% 19.15% 4
Industrials
3.62% -0.37% 25.62% 26.93% 5
Consumer Defense
3.07% -1.43% 20.13% 22.37% 4
Energy
2.52% -1.24% 17.81% 11.95% 2
Basic Materials
1.46% -1.18% 12.25% 15.68% 4
Communication Services
0.62% 0.00% 15.12% 18.44% 4
Utilities
0.28% -0.21% 16.45% 9.06% 2
Real Estate
0.18% -0.04% 11.06% 15.04% 3

Stock Geographic Breakdown

Weighting Category Low Category High FCNKX % Rank Quintile
US
89.85% 0.00% 113.51% 20.89% 4
Non US
4.98% 0.00% 92.29% 13.82% 3

FCNKX - Expenses

Operational Fees

FCNKX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.73% 0.00% 24.91% 15.05% 1
Management Fee 0.68% 0.00% 1.44% 2.51% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.02% N/A N/A

Sales Fees

FCNKX Fees (% of AUM) Category Low Category High FCNKX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

FCNKX Fees (% of AUM) Category Low Category High FCNKX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCNKX Fees (% of AUM) Category Low Category High FCNKX Rank Quintile
Turnover 32.00% 0.00% 650.00% 10.61% 2

FCNKX - Distributions

Dividend Yield Analysis

FCNKX Category Low Category High FCNKX % Rank Quintile
Dividend Yield 0.0% 0.00% 11.75% 60.43% 5

Dividend Distribution Analysis

FCNKX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FCNKX Category Low Category High FCNKX % Rank Quintile
Net Income Ratio 0.10% -14.30% 3.70% 9.97% 3

Capital Gain Distribution Analysis

FCNKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FCNKX - Managers

William Danoff

Lead Manager

Start Date

Sep 17, 1990

Tenure

28.47

Tenure Rank

0.3%

Mr. Danoff has worked as a research analyst and portfolio manager since joining Fidelity Investments in 1986. Prior to joining the firm, he was a research analyst for Furman Selz in New York City, covering advertising stocks and special situations.


Tenure Analysis

Category Low

0.0

Category High

51.2

Category Average

7.89

Category Mode

4.2