Loading…
Loading…
For many investors, the Fidelity Magellan Fund (FMAGX) has been around for their entire adult lives. Launched back in 1963, the fund became a lodestar for the mutual fund world.
Fidelity Magellan ETF is an actively managed large-cap fund aiming to outperform the S&P 500 through fundamental analysis and tactical trading. FMAG has consistently underperformed its benchmark (SPY), offering higher volatility, limited differentiation, and a significantly higher expense ratio of 0.6%. The portfolio closely mirrors SPY with minor sector and international tilts, but these have not translated into superior returns or risk-adjusted performance.
Fidelity Magellan ETF is an actively managed ETF with a unique sector tilt, overweighting industrials and financials while still holding major tech names. FMAG trades at a premium valuation, justified by strong historical and estimated earnings growth, but profitability is only in line with the S&P 500. The fund outperforms the S&P 500 but lags most growth ETF peers, with lower volatility and more muted upside during market rallies.
FMAG has rebounded recently, outperforming after a period of underperformance, prompting me to upgrade my rating to hold. The fund's active management made timely bets in the past few months, but overall risk-adjusted returns and high fees remain concerns versus passive S&P 500 ETFs over longer timeframes. While FMAG's recent moves are impressive, I recommend watching for sustained outperformance before considering it over established, lower-fee index funds.
Fidelity Magellan ETF, an actively managed ETF by Fidelity, aims to outperform the S&P 500 but has failed to deliver significant alpha over four years. The fund's 0.6% expense ratio is high compared to SPY's 0.09%, with FMAG showing more volatility and a low Sharpe ratio of 0.16. FMAG's portfolio closely mirrors SPY, with minor differences, making it unnecessary to pay higher fees for similar exposure.
Meridian Wealth Management LLC acquired a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,180 shares of the company’s stock, valued at approximately $275,000. Meridian Wealth Management LLC owned about 0.05% of Fidelity Value Factor ETF at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in Fidelity Value Factor ETF by 134.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 53,806 shares of the company’s stock valued at $2,852,000 after purchasing an additional 30,870 shares during the last quarter. Spectrum Investment Advisors Inc. purchased a new stake in Fidelity Value Factor ETF in the fourth quarter worth $638,000. Principal Securities Inc. purchased a new stake in Fidelity Value Factor ETF in the fourth quarter worth $575,000. Ethos Financial Group LLC bought a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $721,000. Finally, Commonwealth Equity Services LLC increased its position in Fidelity Value Factor ETF by 4.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 481,065 shares of the company’s stock valued at $25,495,000 after purchasing an additional 20,099 shares during the period. Fidelity Value Factor ETF Trading Up 0.0 % Shares of NYSEARCA FVAL opened at $57.26 on Monday. The firm has a fifty day simple moving average of $55.97 and a two-hundred day simple moving average of $53.67. The firm has a market capitalization of $798.78 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 12 month low of $45.57 and a 12 month high of $57.51. About Fidelity Value Factor ETF (Free Report) The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.
The Fidelity Magellan ETF is an actively managed fund that focuses on large-cap U.S. stocks. The fund has rallied over the past year but still lags the benchmark S&P 500 historically. It's unclear whether the strategy can deliver Alpha over the long run.
The semitransparent active ETFs structure is already three years old. Several products that launched in late 2020 are nearing or passed their third birthdays.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
Click below to see what's inside, then upgrade to read every transcript for FMAG and 80,000+ other tickers.
Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.