Fidelity Magellan K (FMGKX)
| Fund Assets | 39.03B |
| Expense Ratio | 0.40% |
| Min. Investment | $0.00 |
| Turnover | 49.00% |
| Dividend (ttm) | 1.19 |
| Dividend Yield | 7.38% |
| Dividend Growth | 90.06% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 15.91 |
| YTD Return | 8.30% |
| 1-Year Return | 13.03% |
| 5-Year Return | 82.01% |
| 52-Week Low | 12.64 |
| 52-Week High | 16.18 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | May 9, 2008 |
About FMGKX
Fidelity Magellan Fund Class K is an actively managed mutual fund focused on seeking capital appreciation by investing primarily in common stocks. The fund employs a flexible investment approach, targeting both growth and value stocks across a broad array of industries, and incorporates both domestic and a limited amount of foreign equities in its portfolio. With approximately 97% of assets allocated to U.S. stocks and about 2% to foreign stocks, the fund maintains a diversified equity exposure. Fidelity Magellan Fund Class K typically holds a concentrated portfolio—its top ten holdings constitute over a third of total assets—which allows for focused bets on high-conviction opportunities. The fund’s strategy is benchmarked against the S&P 500 Total Return Index, and it does not employ an environmental, social, or governance (ESG) focus in its selection criteria. Known for its long-standing market presence and sizable asset base, this fund plays a significant role in the U.S. large-cap equity segment, offering investors access to Fidelity’s active management and research expertise.
Performance
FMGKX had a total return of 13.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.77%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Top 10 Holdings
43.24% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 8.60% |
| NVIDIA Corporation | NVDA | 8.59% |
| Amazon.com, Inc. | AMZN | 5.58% |
| Meta Platforms, Inc. | META | 4.77% |
| Broadcom Inc. | AVGO | 4.52% |
| Netflix, Inc. | NFLX | 2.69% |
| Visa Inc. | V | 2.36% |
| Amphenol Corporation | APH | 2.07% |
| Mastercard Incorporated | MA | 2.07% |
| Eaton Corporation plc | ETN | 2.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 9, 2025 | $0.696 | May 12, 2025 |
| Dec 6, 2024 | $0.490 | Dec 9, 2024 |
| May 10, 2024 | $0.426 | May 13, 2024 |
| Dec 8, 2023 | $0.198 | Dec 11, 2023 |
| May 12, 2023 | $1.253 | May 15, 2023 |
| Dec 9, 2022 | $0.087 | Dec 12, 2022 |