Fidelity Contrafund K Investment Overview and Comparison

The Fidelity Contrafund K is a popular investment option that offers a unique blend of growth and income potential. It's a type of K fund that invests in a mix of stocks and bonds.

This investment is managed by Will Danoff, a seasoned portfolio manager with a proven track record of success. He's been at the helm since 1990.

Investors can expect the Contrafund K to hold a diversified portfolio of around 350 to 400 stocks, with a focus on large-cap companies. This diversification helps reduce risk and increase potential returns.

The fund's performance is impressive, with a 10-year annualized return of around 14.5%. This is significantly higher than the S&P 500's average return over the same period.

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Fidelity Contrafund K has a low expense ratio of 0.32%, which is 68% lower than its category average, earning it an A grade.

The fund's expense ratio is a significant advantage, as high annual expense ratios can reduce your rate of return. With a low expense ratio, Fidelity Contrafund K can potentially provide better returns for investors.

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In the past year, Fidelity Contrafund K has returned 36.1%, earning it an A grade. This is 7.1 percentage points higher than the Large Growth category average.

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

The fund's portfolio turnover rate is relatively low at 16%, which can help minimize expenses and provide more stable returns.

Fidelity Contrafund K has a beta of 1.03, indicating that it is slightly riskier than the market. However, its R-squared value of 90% suggests that it is closely correlated with the market, which can help investors manage risk.

Comparison is key when evaluating investment options, and Fidelity Contrafund (FCNKX) is no exception. FCNKX has outperformed QQQ in the year-to-date period with a 6.97% return, significantly higher than QQQ's 5.50% return.

If you're looking for a higher dividend yield, QQQ is the way to go, with a trailing twelve-month yield of 0.53%, compared to FCNKX's 0.11%. However, it's worth noting that FCNKX has had higher dividend yields in the past, such as in 2014 when it yielded 7.77%.

Here's a comparison of the dividend yields for both funds over the past 12 years:

Comparing investments can be a daunting task, especially with the numerous options available. You can start by searching for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The performance of different investments can vary significantly over time. For example, in the year-to-date period, FCNKX achieves a 6.97% return, which is higher than QQQ's 5.50% return.

It's essential to consider the long-term performance of an investment. Over the past 10 years, FCNKX has underperformed QQQ with an annualized return of 8.76%, while QQQ has yielded a comparatively higher 18.39% annualized return.

Comparing the performance of different investments can help you make informed decisions about your financial goals.

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The dividend yield of FCKX, also known as Fidelity Contrafund Fund, is significantly lower than that of QQQ, Invesco QQQ, at 0.11% compared to 0.53% respectively.

In fact, FCKX's dividend yield has been relatively low in recent years, with only 0.18% in 2017 being the highest in the last decade.

Here's a comparison of the dividend yields of FCKX and QQQ over the past 12 years:

As you can see, QQQ has consistently paid a higher dividend yield than FCKX over the past 12 years.

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Fidelity Contrafund K has a long history, dating back to May 2008 when it debuted with a humble beginning.

The fund's manager, Will Danoff, has been at the helm since its inception in 2008.

With over 14 years of experience, FCNKX has grown to accumulate assets of about $12.28 billion.

This significant growth is a testament to the fund's solid performance over the years.

Fidelity, the manager of FCNKX, is based in Boston, MA, and has a proven track record of managing successful funds.

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In conclusion, the Fidelity Contrafund K has consistently outperformed its benchmark and peers over the long term, with a 10-year annualized return of 14.1% as of 2022.

This impressive performance can be attributed to the fund's experienced management team, led by Will Danoff, who has been at the helm since 1990.

Fidelity Contrafund K's ability to navigate market downturns and capitalize on growth opportunities has been a key driver of its success, as seen in its 2008 performance during the global financial crisis.

The fund's low turnover ratio of 15% in 2022 also suggests a disciplined investment approach that minimizes trading costs and maximizes returns.

By investing in the Fidelity Contrafund K, investors can benefit from a proven track record of success and a commitment to long-term growth.

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