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Should You Invest in Fidelity Contrafund K Fund (FCNKX)?

Fidelity Contrafund K (FCNKX) a Zacks Ranked #1 (Strong Buy) was incepted in May 2008. FCNKX seeks growth of capital. FCNKX invests in common stocks of companies located in both the U.S. and overseas. FCNKX uses blend strategy to invest in securities of companies. FCNKX considers factors including financial strength and economic condition before invcesting in a company.

This Large Blend product, as of the last filing, allocates their fund in two major groups; Large Growth and High Yield Bond. Further, as of the last filing, Alphabet Inc, Facebook Inc and Berkshire Hathaway Inc were the top holdings for FCNKX.

Fidelity Contrafund K, managed by Fidelity, carries an expense ratio of 0.43%. Moreover, FCNKX requires a minimal initial investment of $0.

FCNKX has a history of positive total returns for over 5 years. Specifically, the fund’s returns over the 1, 3 year benchmarks; 1 year 0.8% and 3 year 9.7%. To see how this fund performed compared in its category, please click here.

FCNKX’s performance, as of the last filing, when compared to funds in its category was in the top 12% in 1 year, top 43% over the past 3 years, and in the 30% over the past 5 years.

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