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Outline of Fidelity Magellan K Fund (FMGKX)

Fidelity Magellan K Fund ( FMGKX ) invests in large blend companies. The objective of FMAGX is to seek capital appreciation. FMAGX normally invests primarily in common stocks of domestic and foreign issuers and it invests in either 'growth' stocks or 'value' stocks or both. Dividends and capital gains are declared in May and December every year.

This Large Blend product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 9.4% and 5 year 14.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

FMGKX's performance, as of the last filing, when compared to funds in its category was in the top 24% over the past 3 years and in the top 11% over the past 5 years.

The Fidelity Magellan K fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value and High Yield Bond. Further, as of the last filing, Apple Inc, Alphabet Inc and Facebook Inc were the top holdings for FMGKX.

This Zacks Rank #2 (Buy) was incepted in May 2005 and is managed by Fidelity . FMGKX carries an expense ratio of 0.74% and requires a minimal initial investment of $0.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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