Fidelity Magellan

Frequently Asked Questions About FMAGX

What does FMAGX invest in?

Fidelity Magellan primarily allocates its capital to equity securities. The fund's geographic scope is broad, encompassing both domestic and international issuers. It maintains a flexible investment approach, seeking opportunities in either growth-oriented or value-oriented stocks, or a blend of both. Investment selections are driven by thorough fundamental analysis, which involves evaluating factors such as a company's financial health, its competitive standing within its industry, and the prevailing market and economic conditions.

What is the expense ratio of FMAGX?

Fidelity Magellan (FMAGX) charges an expense ratio of 0.64%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FMAGX?

Fidelity Magellan (FMAGX) manages $25.17B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FMAGX actively managed or an index fund?

FMAGX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FMAGX launched?

Fidelity Magellan (FMAGX) launched in January 1980 and is managed by Fidelity.

How has FMAGX performed?

FMAGX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.