Fidelity Magellan Fund - Class K (FMGKX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
16.05
0.00 (0.00%)
Jul 28, 2025, 4:00 PM EDT
Fund Assets38.29B
Expense Ratio0.40%
Min. Investment$0.00
Turnover49.00%
Dividend (ttm)1.19
Dividend Yield7.39%
Dividend Growth90.06%
Payout FrequencySemi-Annual
Ex-Dividend DateMay 9, 2025
Previous Close16.05
YTD Return8.30%
1-Year Return15.63%
5-Year Return93.37%
52-Week Low12.64
52-Week High16.05
Beta (5Y)n/a
Holdings51
Inception DateMay 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 15.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.81%.

Equivalent Funds

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

SymbolProviderNameExpense Ratio
VQNPXVanguardVanguard Growth and Income Fund Investor Shares0.36%
VPMCXVanguardVanguard PRIMECAP Fund Investor Shares0.38%

Other Share Classes

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

SymbolShare ClassExpense Ratio
FMASXFidelity Advisor Magellan Fund: Class Z0.40%
FMAOXFidelity Advisor Magellan Fund: Class I0.51%
FMAEXFidelity Advisor Magellan Fund: Class A0.76%
FMAJXFidelity Advisor Magellan Fund: Class M1.01%

Top 10 Holdings

41.28% of assets
NameSymbolWeight
Microsoft CorporationMSFT8.31%
NVIDIA CorporationNVDA7.67%
Amazon.com, Inc.AMZN5.46%
Meta Platforms, Inc.META4.38%
Broadcom Inc.AVGO4.16%
Netflix, Inc.NFLX2.55%
Visa Inc.V2.54%
Mastercard IncorporatedMA2.18%
Costco Wholesale CorporationCOST2.04%
Amphenol CorporationAPH1.98%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
May 9, 2025$0.696May 12, 2025
Dec 6, 2024$0.490Dec 9, 2024
May 10, 2024$0.426May 13, 2024
Dec 8, 2023$0.198Dec 11, 2023
May 12, 2023$1.253May 15, 2023
Dec 9, 2022$0.087Dec 12, 2022
Full Dividend History