Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Fidelity Contrafund K6  FLCNX Release date as of 2025-04-30. Data on page is subject to change. Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2025-04-30 Out of 1027 Large Growth Funds Morningstar® Style Box™ What is this? As of 2025-03-31 Total Fund Assets ($ Mil) 31,349.42 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks capital appreciation. The fund normally invests primarily in common stocks. It invests in securities of companies whose value Fidelity Management & Research Company (FMR) believes is not fully recognized by the public. The fund invests in domestic and foreign issuers.

Morningstar Category: Large Growth Large-growth portfolios invest primarily in big U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries.

Performance Growth of $10,000 (from 2017-05-25 to 2025-04-30) Investment: Fidelity Contrafund K6 Benchmark 1: S&P 500 TR USD Benchmark 2: Russell 1000 Growth TR USD Category: Large Growth This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden. Total Annualized Returns % YTD 1 Year 3 Year 5 Year 10 Year Since Inception Investment -3.40 16.18 17.96 16.74 --- 15.37 S&P 500 TR USD -4.92 12.10 12.18 15.61 --- 13.01 Russell 1000 Growth TR USD -8.37 14.53 15.60 17.23 --- 16.45 Category -7.03 12.32 13.25 14.18 --- 13.05 Morningstar Rating --- --- --- --- # of compared Large Growth funds covered (3 yrs : out of 1027 funds) (5 yrs : out of 949 funds) (10 yrs : out of 748 funds) Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. Fees and Expenses Total Annual Operating Expense 0.45% Prospectus Net Expense Ratio 0.45% Maximum Sales Charge --- The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. Waiver Data Type Date % --- --- --- ---

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 90.5 Non-U.S. Stocks 5.9 Bonds 0.0 Cash 2.3 Other 1.4 Data through 2025-03-31 Morningstar Equity Sectors % of Stocks Cyclical 33.42 Basic Materials 1.32 Consumer Cyclical 10.18 Financial Services 21.79 Real Estate 0.13 Sensitive 54.03 Communication Services 24.45 Energy 1.00 Industrials 5.22 Technology 23.36 Defensive 12.55 Consumer Defensive 2.03 Healthcare 9.02 Utilities 1.50 Data through 2025-03-31 Holding Status Total Number of Stock Holdings 283 Total Number of Bond Holdings 1 % of Net Assets in Top 10 Holdings 56.68 Turnover % (as of 2024-12-31) 19.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets Meta Platforms Inc Class A 21.46 15.67 Berkshire Hathaway Inc Class A 12.93 9.98 NVIDIA Corp 37.05 8.31 Amazon.com Inc 33.35 5.75 Microsoft Corp 30.55 4.58 Apple Inc 33.73 2.86 Netflix Inc 53.48 2.74 Eli Lilly and Co 76.77 2.41 Fidelity Cash Central Fund --- --- 2.27 Alphabet Inc Class A 17.72 2.11 Data through 2025-03-31

Principal Risks    Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Value Investing, Issuer, Market/Market Volatility, Equity Securities Show Risk Definitions

Other Information Inception Date: 2017-05-25 Portfolio Manager(s) Asher Anolic   (2025-04-11) Asher Anolic is co-manager of the VIP Growth Portfolio, which he has managed since July 2017. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Anolic has worked as a research analyst and portfolio manager. Prior to joining Fidelity Investments in 2008, Mr. Anolic worked for Bear Stearns as a research analyst. William Danoff   (2017-05-25) Mr. Danoff has worked as a research analyst and portfolio manager since joining Fidelity Investments in 1986. Prior to joining the firm, he was a research analyst for Furman Selz in New York City, covering advertising stocks and special situations. Jason Weiner   (2025-04-11) Jason Weiner is co-manager of the fund, which he has managed since November 2006. He also manages Fidelity funds. Since joining Fidelity Investments in 1991, Mr. Weiner has worked as a research analyst and portfolio manager (other than a 6-month leave of absence in 2018). Investment Advisor(s) Fidelity Management & Research Company LLC Issuer Fidelity Investments

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