About FMAGX
Fidelity Magellan Fund is an actively managed mutual fund with a primary objective of capital appreciation. Established in 1963, it has become one of the most recognized names in the mutual fund industry, notably achieving significant growth and market influence under famed management in previous decades. The fund primarily invests in common stocks of both U.S. and foreign companies, employing a flexible mandate that allows exposure across various market capitalizations and investment styles. Its current portfolio emphasizes large-cap growth equities, with sector concentrations in technology, healthcare, financial services, and communication services. Top holdings typically include prominent companies such as Microsoft, NVIDIA, Amazon.com, and Alphabet. The fund leverages a fundamental analysis approach, evaluating each issuer's financial condition, industry position, and broad market trends to guide investment decisions. As a result, Fidelity Magellan Fund occupies a significant role in the large-growth segment, appealing to investors seeking diversified exposure to leading companies and innovative sectors within a professionally managed structure.
Fund Family Fidelity
Category Large-Cap Core
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FMAGX
Index S&P 500 TR
FMAGX had a total return of -0.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.24%.
