Server Bug Fix: Why would the NAV/share of the same mutual fund be different for different classes?

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Why would the NAV/share of the same mutual fund be different for different classes?

For example, looking at the fairly popular Fidelity Contrafund Fund, we see…
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Yet looking at the class K shares, we see…

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So they’re a bit off.

I though that they are all just buying into the same pool of overall money and that the classes only differed in the required minimum investment and associated fee structure. Could someone explain how this happens? What could be going on here?

FCNKX has a lower expense ratio than FCNTX, since FCNKX is only available to retirement and other plans that are managed or affiliated with Fidelity (i.e. it’s a benefit they offer in exchange for other services), so the NAV growth has slightly less friction the widely-available fund.

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