Fidelity Contrafund K6 Fund Overview and Details

The Fidelity Contrafund K6 is a unique investment option that offers a blend of growth and income potential. It's a type of index fund that tracks the Russell 1000 Growth Index.

The fund has a relatively low expense ratio of 0.015%, making it an attractive option for those looking to save on fees. This is a significant advantage over other funds on the market.

The Contrafund K6 has a moderate risk profile, suitable for investors who want to balance potential returns with some level of stability. As a result, it may not be the best choice for those seeking high-risk, high-reward investments.

Fidelity Contrafund K6 is an actively managed U.S. Equity Large Growth fund launched by Fidelity Investments in 2017. It seeks capital appreciation by investing primarily in common stocks.

Fidelity Management & Research Company (FMR) believes the value of these companies is not fully recognized by the public. The fund invests in domestic and foreign issuers.

The fund has a single member on its management team, William Danoff, who has been with the team since 2017, with an average tenure of 7.61 years.

The fund's investment strategy focuses on large-cap growth stocks, with a portfolio allocation of 92.3% in domestic stock and 5.7% in foreign stock.

Here are the key characteristics of Fidelity Contrafund K6:

The fund has a total of 387 securities in its portfolio, with the top 10 holdings constituting 55.3% of the fund's assets.

Fees and expenses can add up and eat into your investment returns. The Fidelity Contrafund K6 has a relatively low expense ratio of 0.45%, which is considered medium range.

This expense ratio is lower than many other funds, which can help your money go further. However, it's essential to consider other fees associated with the fund.

Here's a breakdown of the sales fees associated with the Fidelity Contrafund K6:

Let's take a closer look at the operating fees associated with FLCNX. The expense ratio is a significant component of these fees, coming in at 0.45%.

This expense ratio falls within the medium range, which is a good starting point for investors. The management fee is also 0.45%, which is relatively consistent with the expense ratio.

Here are the various fees broken down:

It's worth noting that the 12b-1 fee and administrative fee are not applicable to FLCNX.

Sales fees are a crucial aspect of understanding the costs associated with investing in FLCNX funds.

You'll notice that FLCNX does not charge front load fees, as indicated by the "N/A" in the table.

Deferred load fees, on the other hand, can range from 1.00% to 5.00% of the fund's assets under management. This means that if you invest $10,000 in a FLCNX fund with a 1.00% deferred load fee, you'll pay $100 in fees.

The table below breaks down the sales fees associated with FLCNX funds:

Keep in mind that these fees are relative to the fund's performance, with higher returns often coming with higher fees.

Fidelity Contrafund K6 has shown impressive growth over the years, with an initial investment of $10,000 growing to $35.4% in 2024.

The fund's performance is also compared to the S&P 500 index, with a benchmark of ^GSPC. This allows investors to see how Fidelity Contrafund K6 stacks up against the market average.

In terms of risk-adjusted performance, Fidelity Contrafund K6 has shown a strong track record, with metrics that evaluate its returns against associated risks. This suggests that the fund's management team is skilled at balancing risk and reward.

The fund's management team has a proven track record of delivering superior performance relative to its benchmark and peers. This is a key factor in the fund's success.

Fidelity Contrafund K6 has also been ranked highly in terms of total return, with a ranking of 50.23% in 2023. This is a testament to the fund's ability to generate strong returns for investors.

Here is a breakdown of the fund's returns over the past few years:

The fund's monthly returns have also been strong, with a total return of 35.37% in 2024. This is a notable achievement, especially considering the ups and downs of the market.

Fidelity Contrafund K6 has also shown a strong ability to recover from market downturns, with a return of 24.21% in 2021. This is a testament to the fund's ability to navigate challenging market conditions.

The fund's management team has a clear process for selecting securities and constructing portfolios, which has contributed to its success. This process is designed to deliver strong returns while minimizing risk.

Overall, Fidelity Contrafund K6 has demonstrated a strong track record of performance, with a focus on delivering strong returns while managing risk.

Fidelity Contrafund K6 has delivered a total return of 35.4% in 2024, ranking 16.35% in its category. This impressive performance is a testament to the fund's ability to consistently deliver returns.

The fund's monthly returns have been quite volatile, with a range of -8.35% to 9.66% in different months. For example, in January 2024, the fund returned 4.77%, while in January 2022, it returned -8.35%. This volatility is a characteristic of the fund's investment strategy.

Here is a summary of the fund's monthly returns for the past few years:

The fund has also been paying dividends consistently, with a 0.35% dividend yield over the last twelve months.

Fidelity Contrafund K6 had a return of 0.77% year-to-date (YTD) and 33.75% in the last 12 months.

This is a significant difference from the returns seen in previous years. For example, in 2022, the fund had a return of -27.1%, which is a much lower figure than the current year-to-date return.

The fund's performance can be seen in the returns by period, which show the fund's performance over different time periods. Here are some key figures:

These figures show that the fund has had a strong performance in recent years, with returns of over 30% in 2020 and 2023. However, the fund also had a significant loss in 2022, with a return of -27.1%.

Fidelity Contrafund K6 provided a 0.35% dividend yield over the last twelve months.

The fund's dividend payout has been consistent, with an annual payout of $0.11 per share.

The dividend history for Fidelity Contrafund K6 shows that the payout has remained the same for the past three years, at $0.11 per share.

Here's a breakdown of the dividend payout for the past few years:

The dividend yield has fluctuated over the years, ranging from 0.15% in 2017 to 0.62% in 2022.

The Fidelity Contrafund K6 has a relatively low volatility of 5.10%, indicating that its value has changed by an average of 5.10% over the past month.

This volatility can be a good starting point for investors who want to gauge the fund's risk level. In my experience, lower volatility can be appealing to those who are risk-averse or want to maintain a stable portfolio.

The Sharpe ratio of 2.24 suggests that the fund has generated strong returns relative to its risk level. This is a key metric to consider when evaluating an investment's performance over time.

The Sharpe ratio is a key metric for evaluating investment performance. It's calculated based on past trading data, taking into account price changes and dividends.

A Sharpe ratio of 2.24 is impressive, as seen in the Fidelity Contrafund K6 example. This indicates the investment's ability to generate returns relative to its risk level.

The Sharpe ratio is useful for comparing an investment's performance to a benchmark. For instance, the Fidelity Contrafund K6 Sharpe ratio is 2.24, which can be compared to the selected benchmark.

Using the Sharpe ratio tool can provide more detailed insights into the calculation options.

The worst drawdowns can be a real gut-check for investors. The Fidelity Contrafund K6 experienced a maximum drawdown of 32.07% on September 30, 2022, which took 325 trading sessions to recover.

A drawdown of this magnitude can be unsettling, but it's essential to remember that recovery is possible. This fund's drawdown was the largest reduction in portfolio value due to a series of losing trades.

The table below breaks down the worst drawdowns for the Fidelity Contrafund K6. Take a look:

These numbers are a stark reminder that even the best-performing funds can experience significant drawdowns. It's crucial to stay vigilant and monitor your investments closely to mitigate potential losses.

The Fidelity Contrafund K6 portfolio is a well-diversified mix of top holdings, with a significant portion of assets invested in the top 10 holdings.

According to the portfolio holdings, the top 10 holdings account for 55.3% of the portfolio's assets. This suggests that the fund's managers believe in the long-term potential of these companies.

Here are the top 5 holdings in the Fidelity Contrafund K6 portfolio:

When looking at a portfolio, it's interesting to see what the top holdings are.

The top 10 holdings in the portfolio are made up of some big names.

META PLATFORMS INC takes the top spot with a 14.41% holding.

The portfolio has a significant allocation to technology stocks, with NVIDIA CORP and MICROSOFT CORP also making the top 10.

BERKSHIRE HATHAWAY INC CL A is another prominent holding, making up 7.66% of the portfolio.

The top 10 holdings also include some well-known consumer brands like APPLE INC and AMAZON.COM INC.

Here's a breakdown of the top 10 holdings:

Fidelity Contrafund K6 is an actively managed U.S. Equity Large Growth fund. It was launched by Fidelity Investments in 2017.

The fund's primary goal is to seek capital appreciation. It normally invests in common stocks, focusing on securities of companies whose value is not fully recognized by the public.

Here are some key details about the fund:

The fund invests in both domestic and foreign issuers, seeking to capitalize on undervalued companies.