FLCNX Fees and Costs — Fidelity Contrafund K6
Data updated: 2026-08-24
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.5M in broker commissions, 0.0100% of average net assets, and portfolio turnover was 19%.
FLCNX Fees and Expenses
Annual operating expenses and sales charges of FLCNX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
FLCNX Costs Over Time
On $10,000 invested in FLCNX, assuming 5% a year before costs, total costs come to $291 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $7 | $27 |
| Total costs | $48 | $159 | $291 |
| Value after costs | $10,452 | $11,417 | $12,472 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
FLCNX 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): 0.0100%
- Total broker commissions: $3.5M
- Bought from dealers (principal trades, not a cost): $280.2M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $103.2M
- Net income from securities lending: $711K (0.002% of average net assets)
FLCNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $444K | 16.50% |
| GOLDMAN SACHS GROUP INC (THE) | $443K | 16.48% |
| BANK OF AMERICA CORPORATION | $402K | 14.95% |
| JPMORGAN CHASE and CO | $333K | 12.37% |
| CITIGROUP INC | $280K | 10.41% |
| UBS GROUP AG | $192K | 7.16% |
| ROYAL BANK OF CANADA | $164K | 6.09% |
| JEFFERIES FINANCIAL GROUP INC | $162K | 6.04% |
| BANK OF MONTREAL QUE | $136K | 5.05% |
| BARCLAYS PLC | $133K | 4.95% |
FLCNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $74.0M | 26.69% |
| JPMORGAN CHASE and CO | $38.8M | 14.01% |
| THE TORONTO DOMINION BANK | $36.7M | 13.22% |
| MORGAN STANLEY | $31.2M | 11.24% |
| CITIGROUP INC | $28.9M | 10.42% |
| JEFFERIES FINANCIAL GROUP INC | $24.3M | 8.76% |
| BANK OF AMERICA CORPORATION | $13.7M | 4.95% |
| ROYAL BANK OF CANADA | $13.2M | 4.77% |
| LEERINK PARTNERS LLC | $12.6M | 4.53% |
| BANK OF MONTREAL QUE | $3.9M | 1.42% |
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.