FCNKX Fees and Costs — Fidelity Contrafund, Class K
Data updated: 2026-08-24
The net expense ratio is 0.67%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $15.1M in broker commissions, 0.0092% of average net assets, and portfolio turnover was 18%.
FCNKX Fees and Expenses
Annual operating expenses and sales charges of FCNKX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.67% |
| Fee waiver | — |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FCNKX Costs Over Time
On $10,000 invested in FCNKX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $234 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
FCNKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0092%
- Total broker commissions: $15.1M
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $293.5M
- Net income from securities lending: $3.1M (0.002% of average net assets)
FCNKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $2.0M | 17.19% |
| GOLDMAN SACHS GROUP INC (THE) | $1.9M | 16.19% |
| BANK OF AMERICA CORPORATION | $1.6M | 14.27% |
| JPMORGAN CHASE and CO | $1.4M | 12.50% |
| CITIGROUP INC | $1.2M | 10.80% |
| UBS GROUP AG | $792K | 6.92% |
| ROYAL BANK OF CANADA | $732K | 6.40% |
| JEFFERIES FINANCIAL GROUP INC | $689K | 6.01% |
| BANK OF MONTREAL QUE | $592K | 5.17% |
| BARCLAYS PLC | $522K | 4.56% |
FCNKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $346.1M | 26.78% |
| JPMORGAN CHASE and CO | $182.0M | 14.08% |
| THE TORONTO DOMINION BANK | $166.2M | 12.86% |
| MORGAN STANLEY | $146.2M | 11.31% |
| CITIGROUP INC | $135.6M | 10.49% |
| JEFFERIES FINANCIAL GROUP INC | $114.4M | 8.85% |
| BANK OF AMERICA CORPORATION | $63.7M | 4.93% |
| ROYAL BANK OF CANADA | $60.8M | 4.70% |
| LEERINK PARTNERS LLC | $59.4M | 4.60% |
| BANK OF MONTREAL QUE | $18.2M | 1.41% |
Fidelity Contrafund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FCNKX | Class K | 0.67% | — |
| FCNTX | Fidelity Contrafund | 0.74% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.