FMAGX - Fidelity Magellan

Nasdaq - Nasdaq Delayed Price. Currency in USD
+0.11 (+1.11%)
At close: 8:00PM EST
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Previous Close9.88
YTD Return8.58%
Expense Ratio (net)0.69%
CategoryLarge Growth
Last Cap Gain0.00
Morningstar Rating★★★★★
Morningstar Risk RatingAbove Average
Sustainability RatingN/A
Net Assets15.96B
Beta (3Y Monthly)1.10
5y Average ReturnN/A
Holdings Turnover53.00%
Last Dividend0.05
Average for CategoryN/A
Inception DateMay 2, 1963
  • Reutersyesterday

    Jeff Vinik offers fee cuts to help bring in cash for new fund

    Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset Management after six years on the sidelines. Vinik, who once ran Fidelity's Magellan mutual fund and then oversaw $10 billion at his own hedge fund, had hoped to raise as much as $3 billion in the hedge fund relaunch. "We will offer investors a 50-basis point discount on management fees in our 1/30 and 2/20 tranches," the fund manager wrote in a letter seen by Reuters.

  • The Wall Street Journal12 days ago

    [$$] The Time May Be Right for Funds That Invest in Convertibles

    It may be time for investors to take a look at mutual funds that invest in convertible securities. As a group, funds dedicated to convertibles have steadily declined in popularity with investors in recent years. Most convertibles are bonds that can be converted into a company’s stock at a preset price, which is set above the stock’s market price at the time the convertible is issued.

  • Motley Fool29 days ago

    Jack Bogle on Index Funds, Vanguard, and Investing Advice

    "If a statue is ever erected to honor the person who has done the most for American investors, the hands down choice should be Jack Bogle." - Warren Buffett

  • Is Fidelity Magellan Fund (FMAGX) a Strong Mutual Fund Pick Right Now?
    Zacks2 months ago

    Is Fidelity Magellan Fund (FMAGX) a Strong Mutual Fund Pick Right Now?

    Mutual Fund Report for FMAGX

  • TheStreet.com8 months ago

    How to Pay 90 Cents for $1 Worth of Stocks Using Closed-End Funds

    One of the biggest draws of closed-end mutual funds is the fact that they can offer investors a chance to buy a basket of stocks or bonds at what's called a "discount to net asset value." That's where you purchase shares of a closed-end mutual fund and get, say, a dollar's worth of underlying securities for just 90 cents a share. "If you are thoughtful about when you buy and what you buy and you have patience, good things can happen," says Maury Fertig, co-founder of Relative Value Partners in Northbrook, Ill. Roughly 80% of closed-end mutual funds trade at a discount to NAV due to the unique way that these funds operate.

  • Morningstar10 months ago

    Wrong Again: Mutual Fund Conspiracy Theories

    The industry is boring, but not dangerous.