Fidelity Magellan (FMAGX - Free Report) a Zacks Rank #2 (Buy) seek capital appreciation. The fund normally invests primarily in common stocks of domestic and foreign issuers and it invests in either 'growth' stocks or 'value' stocks or both.
This Large Blend fund, as of the last filing, allocates their fund in two major groups; Large Growth and Large Value. Further, as of the last filing, APPLE INC, BANK OF AMERICA CORP and ALPHABET INC were the top holdings for FMAGX.
The Fidelity Magellan fund, managed by Fidelity, carries an expense ratio of 0.73%. Moreover, FMAGX requires a minimal initial investment of $2,500.
FMAGX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 14.7%, 3 year 10.12% and 5 year 13.34%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
FMAGX’s performance, as of the last filing, when compared to funds in its category was in the 17% over the past 5 years.
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