About FMANX
Fidelity Advisor Magellan Fund - Class C is a mutual fund designed to seek capital appreciation through a diversified portfolio primarily composed of common stocks. The fund is categorized as a domestic equity, large-cap growth strategy, focusing on investing in both U.S. and foreign issuers. Notable for its emphasis on mega-trends, the fund targets companies expected to benefit from long-term, transformative shifts in industries and economies.
The portfolio manager applies an equally active-weighted approach, spreading investments across a broad range of stocks, which aims to deliver consistency in performance while reducing concentration risk. The fund's holdings typically feature high-quality growth companies with strong brands, significant barriers to entry, and proven management teams. Its sector allocations often include leading technology, communication services, consumer cyclical, and healthcare companies, mirroring the top holdings dominated by major corporations such as NVIDIA, Microsoft, and Amazon.
Serving as a key option for investors seeking exposure to large-cap growth equities, Fidelity Advisor Magellan Fund - Class C offers diversification and an active management strategy, with the fund’s assets under management reflecting its longstanding presence and significant role in the market for growth-oriented mutual funds.
Fund Family Fidelity
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FMANX
Share Class Class C
FMANX had a total return of 1.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.74%.
