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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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| Period | FCNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.5% | -34.6% | 38.4% | 81.88% |
| 1 Yr | -5.7% | -63.5% | 19.0% | 49.59% |
| 3 Yr | 9.3%* | -39.2% | 22.7% | 35.84% |
| 5 Yr | 5.0%* | -32.5% | 15.3% | 29.86% |
| 10 Yr | 9.2%* | -14.0% | 16.4% | 29.54% |
* Annualized
| Period | FCNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -10.0% | -65.5% | 9.4% | 36.05% |
| 2017 | 24.4% | -46.3% | 37.5% | 19.50% |
| 2016 | -0.5% | -43.3% | 13.0% | 49.58% |
| 2015 | 1.0% | -38.0% | 11.4% | 24.50% |
| 2014 | 1.9% | -52.4% | 105.4% | 45.33% |
| Period | FCNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.5% | -34.6% | 38.4% | 81.88% |
| 1 Yr | 0.9% | -63.5% | 19.9% | 43.74% |
| 3 Yr | 16.0%* | -39.2% | 27.5% | 21.81% |
| 5 Yr | 10.5%* | -32.5% | 16.4% | 30.36% |
| 10 Yr | 13.4%* | -14.0% | 17.3% | 20.75% |
* Annualized
| Period | FCNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -2.3% | -65.5% | 16.5% | 22.98% |
| 2017 | 32.4% | -28.2% | 51.5% | 13.95% |
| 2016 | 3.4% | -43.3% | 15.6% | 41.92% |
| 2015 | 1.0% | -38.0% | 17.3% | 58.06% |
| 2014 | 10.2% | -52.4% | 120.7% | 42.81% |
| FCNKX | Category Low | Category High | FCNKX % Rank | |
|---|---|---|---|---|
| Net Assets | 118 B | 1.12 M | 188 B | 1.42% |
| Number of Holdings | 308 | 7 | 2106 | 7.04% |
| Net Assets in Top 10 | 50.6 B | 301 K | 56.6 B | 1.42% |
| Weighting of Top 10 | 41.83% | 11.7% | 100.0% | 38.45% |
| Weighting | Return Low | Return High | FCNKX % Rank | |
|---|---|---|---|---|
| Stocks | 98.67% | 85.30% | 101.37% | 45.73% |
| Preferred Stocks | 1.00% | 0.00% | 5.08% | 4.43% |
| Cash | 0.17% | -2.02% | 14.62% | 85.92% |
| Other | 0.16% | -0.63% | 3.74% | 11.08% |
| Convertible Bonds | 0.00% | 0.00% | 0.10% | 48.50% |
| Bonds | 0.00% | 0.00% | 2.29% | 50.24% |
| Weighting | Return Low | Return High | FCNKX % Rank | |
|---|---|---|---|---|
| Technology | 36.64% | 6.68% | 62.82% | 29.35% |
| Financial Services | 21.65% | 0.00% | 39.16% | 4.51% |
| Consumer Cyclical | 15.77% | 0.00% | 34.07% | 59.49% |
| Healthcare | 12.48% | 0.68% | 45.99% | 65.19% |
| Consumer Defense | 4.36% | 0.00% | 18.23% | 55.06% |
| Industrials | 2.87% | 0.00% | 28.35% | 92.80% |
| Basic Materials | 1.69% | 0.00% | 10.95% | 51.58% |
| Energy | 1.28% | -0.01% | 11.07% | 35.28% |
| Communication Services | 0.95% | 0.00% | 13.96% | 59.65% |
| Real Estate | 0.34% | 0.00% | 7.16% | 62.50% |
| Utilities | 0.29% | -0.01% | 7.75% | 24.76% |
| Weighting | Return Low | Return High | FCNKX % Rank | |
|---|---|---|---|---|
| US | 92.53% | 79.62% | 100.21% | 55.14% |
| Non US | 6.14% | 0.00% | 16.82% | 36.55% |
| FCNKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.73% | 0.00% | 283.30% | 80.24% |
| Management Fee | 0.68% | 0.00% | 1.40% | 58.70% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 1.02% | N/A |
| FCNKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 25.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| FCNKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 5.00% | N/A |
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% | 476.00% | 33.57% |
| FCNKX | Category Low | Category High | FCNKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 15.70% | 66.30% |
| FCNKX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Dec 29, 2011 | $0.000 |
| Dec 19, 2011 | $0.013 |
| Dec 17, 2010 | $0.039 |
| Feb 08, 2010 | $0.001 |
| Dec 21, 2009 | $0.018 |
| Feb 17, 2009 | $0.002 |
| Dec 29, 2008 | $0.028 |
| FCNKX | Category Low | Category High | FCNKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.10% | -7.60% | 1.83% | 42.75% |
| FCNKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Sep 17, 1990
28.97
29.0%
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
51.7
Category Average
8.11
Category Mode
0.33
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
