About FLCNX
Fidelity Contrafund K6 is an actively managed mutual fund focused on large-cap growth equities. Its primary objective is capital appreciation, achieved by investing mainly in common stocks of companies that demonstrate strong, sustainable earnings growth potential not yet fully recognized by the market. The fund employs a disciplined, bottom-up research process to identify "best of breed" firms—those with competitive advantages, robust free-cash-flow generation, and shareholder-oriented management teams. Fidelity Contrafund K6 maintains a diversified portfolio, with significant exposure to sectors such as technology, communication services, financials, and healthcare. Notable holdings typically include industry leaders like Meta Platforms, Berkshire Hathaway, NVIDIA, Amazon, and Microsoft. Since its inception in 2017, the fund has built a reputation for delivering solid long-term returns, outperforming many large-cap growth peers. With an expense ratio of 0.45%, the fund offers a cost-efficient approach to accessing actively selected growth opportunities, making it a significant player in the U.S. mutual fund landscape for investors seeking capital growth through large-cap equities.
Fund Family Fidelity
Category Large Growth
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FLCNX
Index S&P 500 TR
FLCNX had a total return of 21.62% in the past year, including dividends. Since the fund's
inception, the average annual return has been 16.04%.
