Fidelity Magellan K (FMGKX)

Fund Assets	36.72B
Expense Ratio	0.57%
Min. Investment	$0.00
Turnover	49.00%
Dividend (ttm)	1.01
Dividend Yield	6.35%
Dividend Growth	-14.92%
Payout Frequency	Semi-Annual
Ex-Dividend Date	May 8, 2026

Previous Close	15.88
YTD Return	8.58%
1-Year Return	6.21%
5-Year Return	71.08%
52-Week Low	13.38
52-Week High	16.26
Beta (5Y)	0.94
Holdings	48
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
• 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 6.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.30%.

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	0.39%
VPMCX	Vanguard	Vanguard PRIMECAP Fund Investor Shares	0.35%

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

46.80% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	10.68%
Amazon.com, Inc.	AMZN	5.76%
Broadcom Inc.	AVGO	4.83%
Microsoft Corporation	MSFT	4.47%
Alphabet Inc.	GOOGL	3.98%
Advanced Micro Devices, Inc.	AMD	3.96%
KLA Corporation	KLAC	3.53%
Alphabet Inc.	GOOG	3.40%
Meta Platforms, Inc.	META	3.38%
Lam Research Corporation	LRCX	2.82%

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:

Aug 11, 2026

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