FCNKX: Fidelity® Contrafund® K

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FCNKX Fidelity® Contrafund® K

  • Fund
  • FCNKX
  • Price as of: Dec 04, 2019
  • $13.64
    + $0.03 + 0.22%

Profile

FCNKX - Profile

Vitals

  • YTD Return 23.9%
  • 3 Yr Annualized Return 10.5%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $116 B
  • Holdings in Top 10 42.1%

52 WEEK LOW AND HIGH

$13.64
$10.25
$13.85

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

Fund Classification


Distributions

  • YTD Total Return 23.9%
  • 3 Yr Annualized Total Return 17.3%
  • 5 Yr Annualized Total Return 10.8%
  • 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.


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Performance

FCNKX - Performance

Return Ranking - Trailing

Period FCNKX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.9% -69.0% 58.1% 73.71%
1 Yr 8.8% -49.1% 38.8% 55.79%
3 Yr 10.5%* -37.9% 23.7% 50.78%
5 Yr 5.3%* -32.3% 16.2% 46.86%
10 Yr 9.1%* -14.2% 17.8% 52.47%

* Annualized

Return Ranking - Calendar

Period FCNKX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.0% -65.5% 13.4% 35.53%
2017 24.4% -46.3% 37.5% 18.94%
2016 -0.5% -43.3% 15.3% 49.49%
2015 1.0% -38.0% 11.4% 23.83%
2014 1.9% -52.4% 105.4% 44.28%

Total Return Ranking - Trailing

Period FCNKX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.9% -69.0% 58.1% 73.71%
1 Yr 16.4% -49.1% 38.8% 31.59%
3 Yr 17.3%* -37.9% 31.2% 24.48%
5 Yr 10.8%* -32.3% 16.5% 36.14%
10 Yr 13.3%* -14.2% 17.8% 32.62%

* Annualized

Total Return Ranking - Calendar

Period FCNKX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.3% -65.5% 16.5% 22.18%
2017 32.4% -28.2% 51.5% 13.81%
2016 3.4% -43.3% 17.1% 41.91%
2015 1.0% -38.0% 17.3% 56.63%
2014 10.2% -52.4% 120.7% 41.79%

NAV & Total Return History


Holdings

FCNKX - Holdings

Concentration Analysis

FCNKX Category Low Category High FCNKX % Rank
Net Assets 116 B 1.19 M 191 B 1.40%
Number of Holdings 311 7 2089 6.83%
Net Assets in Top 10 48.4 B 421 K 53.6 B 1.40%
Weighting of Top 10 42.11% 12.0% 100.0% 36.65%

Top 10 Holdings

  1. Facebook Inc A 6.85%
  2. Amazon.com Inc 6.74%
  3. Berkshire Hathaway Inc A 5.38%
  4. Microsoft Corp 5.22%
  5. Visa Inc Class A 3.83%
  6. Salesforce.com Inc 3.72%
  7. Alphabet Inc A 2.72%
  8. Adobe Inc 2.67%
  9. Mastercard Inc A 2.51%
  10. Alphabet Inc Class C 2.47%

Asset Allocation

Weighting Return Low Return High FCNKX % Rank
Stocks
98.52% 80.50% 105.55% 50.16%
Preferred Stocks
0.83% 0.00% 2.51% 3.18%
Cash
0.63% -5.55% 16.25% 72.20%
Other
0.03% -1.10% 3.97% 13.51%
Convertible Bonds
0.00% 0.00% 0.02% 50.78%
Bonds
0.00% 0.00% 3.92% 52.95%

Stock Sector Breakdown

Weighting Return Low Return High FCNKX % Rank
Technology
36.75% 7.44% 60.96% 30.98%
Financial Services
21.47% 0.00% 32.66% 4.97%
Consumer Cyclical
15.54% 0.00% 49.54% 52.80%
Healthcare
12.19% 0.00% 38.88% 63.28%
Consumer Defense
4.66% 0.00% 17.22% 50.85%
Industrials
2.71% 0.00% 27.83% 94.33%
Basic Materials
1.98% 0.00% 11.24% 42.47%
Energy
1.17% -0.02% 7.56% 32.38%
Real Estate
0.89% 0.00% 10.94% 68.01%
Communication Services
0.60% 0.00% 28.18% 65.37%
Utilities
0.33% -0.01% 7.67% 27.02%

Stock Geographic Breakdown

Weighting Return Low Return High FCNKX % Rank
US
91.70% 80.50% 100.50% 63.04%
Non US
6.82% 0.00% 17.37% 28.88%

Expenses

FCNKX - Expenses

Operational Fees

FCNKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.00% 165.48% 80.27%
Management Fee 0.68% 0.00% 1.40% 59.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

FCNKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FCNKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 536.00% 33.31%

Distributions

FCNKX - Distributions

Dividend Yield Analysis

FCNKX Category Low Category High FCNKX % Rank
Dividend Yield 0.00% 0.00% 15.36% 67.24%

Dividend Distribution Analysis

FCNKX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

FCNKX Category Low Category High FCNKX % Rank
Net Income Ratio 0.10% -7.55% 1.83% 43.90%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

FCNKX - Fund Manager Analysis

Managers

William Danoff


Start Date

Tenure

Tenure Rank

Sep 17, 1990

29.14

29.1%

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 Category High Category Average Category Mode
0.0 51.86 7.94 0.5