Fidelity Magellan K (FMGKX)

Fund Assets	36.49B
Expense Ratio	0.564%
Min. Investment	$0.00
Turnover	54.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	Semi-Annual
Ex-Dividend Date	May 8, 2026

Previous Close	15.09
YTD Return	0.38%
1-Year Return	-3.49%
5-Year Return	50.45%
52-Week Low	13.38
52-Week High	16.07
Beta (5Y)	0.94
Holdings	52
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: Unclassified
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FMGKX
• Share Class: Class K
• Index: S&P 500 TR

Performance

FMGKX had a total return of -3.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.70%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
VPMCX	Vanguard	Vanguard PRIMECAP Inv	0.34%
VQNPX	Vanguard	Vanguard Growth and Income Fund Investor Shares	0.41%

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	0.57%
FMAOX	Fidelity Advisor Magellan Fund: Class I	0.68%
FMAEX	Fidelity Advisor Magellan Fund: Class A	0.93%
FMAJX	Fidelity Advisor Magellan Fund: Class M	1.18%

Top 10 Holdings

43.95% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	10.25%
Amazon.com, Inc.	AMZN	6.36%
Microsoft Corporation	MSFT	5.60%
Broadcom Inc.	AVGO	4.56%
Alphabet Inc.	GOOGL	3.86%
Alphabet Inc.	GOOG	3.28%
Advanced Micro Devices, Inc.	AMD	3.15%
Eli Lilly and Company	LLY	2.38%
Visa Inc.	V	2.35%
Mastercard Incorporated	MA	2.16%

Dividend History

Ex-Dividend	Amount	Pay Date
May 8, 2026	$0.323	May 11, 2026
Dec 5, 2025	$0.686	Dec 8, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Nov 2, 2026

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