Fidelity Magellan Fund - Class K (FMGKX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
15.72
+0.22 (1.42%)
Jul 3, 2025, 4:00 PM EDT
6.65%
Fund Assets 36.80B
Expense Ratio 0.40%
Min. Investment $0.00
Turnover 49.00%
Dividend (ttm) 1.19
Dividend Yield 7.54%
Dividend Growth 90.06%
Payout Frequency Semi-Annual
Ex-Dividend Date May 9, 2025
Previous Close 15.50
YTD Return 6.07%
1-Year Return 10.03%
5-Year Return 94.87%
52-Week Low 12.64
52-Week High 16.03
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.

Fund Family Fidelity
Category Large Growth
Stock Exchange NASDAQ
Ticker Symbol FMGKX
Share Class Class K
Index S&P 500 TR

Performance

FMGKX had a total return of 10.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.72%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol Provider Name Expense Ratio
VQNPX Vanguard Vanguard Growth and Income Fund Investor Shares 0.36%
VPMCX Vanguard Vanguard PRIMECAP Fund Investor Shares 0.38%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
FMASX Fidelity Advisor Magellan Fund: Class Z 0.40%
FMAOX Fidelity Advisor Magellan Fund: Class I 0.51%
FMAEX Fidelity Advisor Magellan Fund: Class A 0.76%
FMAJX Fidelity Advisor Magellan Fund: Class M 1.01%

Top 10 Holdings

41.28% of assets
Name Symbol Weight
Microsoft Corporation MSFT 8.31%
NVIDIA Corporation NVDA 7.67%
Amazon.com, Inc. AMZN 5.46%
Meta Platforms, Inc. META 4.38%
Broadcom Inc. AVGO 4.16%
Netflix, Inc. NFLX 2.55%
Visa Inc. V 2.54%
Mastercard Incorporated MA 2.18%
Costco Wholesale Corporation COST 2.04%
Amphenol Corporation APH 1.98%
View More Holdings

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
Full Dividend History