Fidelity Magellan Fund: A Comprehensive Investment Overview

The Fidelity Magellan Fund is a highly regarded investment option that has been around for decades. It was launched in 1963 by Peter Lynch, a legendary investor who led the fund to impressive returns.

The fund has a long history of delivering strong performance, with a 29-year run as the top-performing fund in the US. This is a testament to the fund's ability to adapt to changing market conditions and identify profitable investment opportunities.

One of the key factors behind the fund's success is its investment approach, which focuses on finding undervalued companies with strong growth potential. This approach has allowed the fund to deliver consistent returns over the years, making it a popular choice among investors.

The Fidelity Magellan Fund has delivered impressive returns over the years. The fund's inception date was not specified in the provided article section facts, but we can see that it has been around for several decades.

One-year returns for the fund's NAV are around 10.12% with a sales charge, as of the latest available data. This is a respectable return, especially considering the current market conditions.

Here are the average annual total returns for the Fidelity Magellan Fund:

The fund's quarterly returns are not as impressive, with many of them showing a "na" value, indicating that the data is not available.

Performance metrics are a crucial aspect of evaluating the success of an investment. The average annual total returns of a fund can give you a clear idea of its performance over time.

The average annual total returns of a fund can be broken down into different time periods, such as 1 year, 3 years, 5 years, and 10 years. For example, the 1-year return of a fund can be 10.5% NAV and 10.3% with sales charge.

The performance of a fund can also be compared to its benchmark, which is a standard against which the fund's performance is measured. For instance, the 1-year return of a fund's benchmark can be 8.2%.

Here are some key performance metrics to look out for:

Since inception, the fund's return has been 18.5% NAV and 16.3% with sales charge. This gives you an idea of the fund's long-term performance and whether it has been able to consistently deliver returns over time.

It's essential to note that past performance is not always indicative of future results, and it's crucial to do your own research and consider your individual financial goals before making any investment decisions.

Dividend Yield Analysis is a crucial aspect of evaluating a fund's performance. It measures the ratio of annual dividend payments to the fund's net asset value (NAV).

To get a sense of a fund's dividend yield, we can look at the 30-Day SEC Yield, which is a measure of the fund's income generated from dividends and interest over a 30-day period. For example, in Example 2, the 30-Day SEC Yield for the fund is 3.45% as of a specific date.

The dividend yield can also be broken down into its components, such as the 1-Month Distribution Yield and the 12-Month Distribution Yield. These metrics give us a sense of the fund's income generation over different time periods.

In Example 3, the Dividend Yield for the FMAGX fund is 0.36%, which is significantly lower than the Category High of 27.58%. This suggests that the FMAGX fund is not generating as much income from dividends as some of its peers.

Here is a comparison of the dividend yields for the FMAGX fund and its category:

This table shows that the FMAGX fund's dividend yield is relatively low compared to its category, but its Net Income Ratio is not available.

The Fidelity Magellan Fund portfolio is a dynamic mix of holdings, with 38.4% of its assets invested in the top 10 holdings as of November 30, 2024.

The fund's top 10 holdings are dominated by the technology sector, with two holdings in this space accounting for a combined 15.22% of the portfolio.

The top 10 holdings also include a mix of consumer cyclical, communication services, and financial services companies, reflecting the fund's diversified approach.

Here are the top 10 holdings, listed in order of their percentage of the portfolio:

The fund's geographic breakdown is also worth noting, with 98.08% of its assets invested in US holdings as of the latest data available.

The Fidelity Magellan Fund is a solid investment option, but it's essential to understand the associated risks and fees. The fund's alpha is annualized at {{ riskPeriod.annualizedAlpha | naCheckPrecision:2 }}.

The fund's beta is {{ riskPeriod.beta | naCheckPrecision:2 }}, indicating its volatility relative to the market. This is an important consideration for investors with a conservative approach.

The Sharpe Ratio, a measure of risk-adjusted return, is {{ riskPeriod.independentRiskPeriod.sharpeRatio | naCheckPrecision:2 }} as of {{brickletData.riskMeasures.independentAsOfDate}}. This suggests that the fund's returns are somewhat volatile.

Here's a breakdown of the fund's fees:

As we explore the world of risk and fees, it's essential to understand the potential risks associated with investing. The risks can be categorized into three main areas: Alpha, Beta, and Information Ratio.

The Alpha - Annualized measure indicates the excess return of an investment compared to a benchmark, and as of a specific date, it can be as low as 0.00% or as high as 10.00%.

The Beta of an investment measures its volatility relative to the market, and as of a certain date, it can range from 0.00 to 2.00.

Information Ratio is a measure of an investment's excess return compared to its volatility, and as of a specific date, it can be -5.00 or higher.

Here's a breakdown of the key risk measures:

The Sharpe Ratio, which measures an investment's return relative to its risk, can be as low as -2.00 or as high as 2.00.

The maximum sales charge can vary, but some funds have a maximum CDSC (Contingent Deferred Sales Charge) of 5.75%.

Expenses can add up quickly, with an expense ratio of 0.47% being a common rate. This means that for every dollar invested, 0.47 cents go towards administrative costs.

Management fees can also be a significant expense, ranging from 0.46% to 1.50% of the fund's assets under management (AUM). This fee is used to compensate the fund's manager for their services.

Some funds also charge a 12b-1 fee, which is a distribution and/or service fee that can range from 0.00% to 1.00% of the fund's AUM.

Here is a breakdown of the typical fees you might encounter:

It's worth noting that some funds may also charge a short-term trading fee, which can range from 1.00% to 2.00% of the fund's AUM. This fee is typically charged for trades made within a certain time period, such as 30 days.

Expenses and fees can eat into your investment returns, so it's essential to understand what you're paying for and how it affects your investment.

The Fidelity Magellan Fund has a long history of performance, with its cumulative total returns showing steady growth over the years.

Looking at the 1-year return, we can see that the NAV return is not available, but the return with sales charge is -9.44%. This is a significant drop, indicating a challenging year for the fund.

However, the fund's 5-year return is a more encouraging 7.19%. This suggests that the fund has bounced back from its 1-year dip and is on a steady upward trend.

The cumulative total returns of a fund are a key metric to understand its performance over time. Cumulative total returns show the total return of a fund from its inception to the present day, including dividends and interest.

A fund's cumulative total returns can be broken down into different time periods, such as 1 month, 3 months, 6 months, 1 year, 3 years, 5 years, 10 years, and its lifetime. This helps investors see how the fund has performed over various time frames.

Here's a comparison of the cumulative total returns of the Fidelity Magellan fund (FMAGX) and the Vanguard Growth ETF (VUG) over different time periods:

Note that the returns for VUG are not available in the provided article section. However, it's worth mentioning that the Vanguard Growth ETF is an Exchange Traded Fund with an expense ratio of 0.10%, which is significantly lower than the Fidelity Magellan fund's expense ratio of 0.55%.

A fund's cumulative total returns can also be affected by its turnover rate, which represents how much of its holdings are changed over the course of a year. A high turnover rate can lead to lower returns due to trading costs and capital gains distributions.

Concentration Analysis is a crucial aspect of investment analysis. It helps us understand how concentrated a fund's portfolio is.

A fund's net assets can give us an idea of its size, with FMAGX having a massive $35.9 billion in net assets. In comparison, the category low for net assets is a mere $296,000.

The number of holdings in a fund can also indicate its concentration, with FMAGX having 63 holdings. This is significantly lower than the category high of 3,061 holdings.

The net assets in the top 10 holdings of FMAGX are $13.9 billion, which accounts for 10.45% of the fund's total net assets. This shows that the fund's concentration is relatively high.

Here's a breakdown of the concentration analysis for FMAGX:

Overall, FMAGX's concentration analysis suggests that the fund has a relatively high concentration of assets in its top holdings.

To determine whether FMAGX will outperform in the future, we need to consider three key pillars: the Process Pillar, the People Pillar, and the Parent Pillar.

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMAGX's performance objective and investment process is for both security selection and portfolio construction. This pillar is crucial in understanding how FMAGX operates.

We evaluate the investment process by looking at how clearly defined and repeatable it is. A clear process helps ensure that the fund's performance is consistent and sustainable.

The People Pillar is our evaluation of the FMAGX management team's experience and ability. High-quality management teams deliver superior performance relative to their benchmarks and/or peers.

The Parent Pillar is our rating of FMAGX's parent organization's priorities and whether they're in line with investors' interests. A parent organization that prioritizes investors' interests can contribute to the fund's long-term success.

Here's a summary of the three pillars that can help us gauge FMAGX's potential for future outperformance:

Asset Allocation Attribution is a crucial aspect of investment analysis. It helps investors understand how their portfolio's asset allocation contributes to its overall performance.

A key metric in asset allocation attribution is the average weight of a sector or sub-sector in a fund's portfolio. For example, if a fund has an average weight of 10% in the technology sector, this means that 10% of the fund's assets are invested in technology stocks.

The relative average weight of a sector or sub-sector is also important, as it shows how a fund's asset allocation compares to its benchmark. If a fund has a higher relative average weight in a particular sector, this suggests that the fund manager is overweight in that sector compared to the benchmark.

Contribution to relative return is another key metric in asset allocation attribution. This metric shows how much of a fund's relative return can be attributed to its asset allocation decisions. For instance, if a fund's contribution to relative return is 5%, this means that 5% of the fund's outperformance can be attributed to its asset allocation.

Here is a summary of the key metrics in asset allocation attribution:

By understanding these metrics and how they contribute to a fund's overall performance, investors can make more informed decisions about their investment portfolios.

The Fidelity Magellan Fund has a significant amount of assets under management, with $14.50 billion in assets.

The fund's expense ratio is 0.55%, which is relatively high compared to other funds. This means that investors can expect to pay a higher fee for their investments.

Here's a breakdown of the fund's performance:

The quarter end average annual total returns are a crucial metric to consider when evaluating the performance of a fund. Here are some key facts to keep in mind:

The pre-tax NAV return for the 1-year period is not available, but the 3-year and 10-year returns are both negative, at -3.0% and -5.5% respectively.

The post-tax NAV return for the 1-year period is also not available, but the 3-year and 10-year returns are both negative, at -3.0% and -5.5% respectively.

The liquidation NAV return for the 1-year period is not available, but the 3-year and 10-year returns are both negative, at -3.0% and -5.5% respectively.

Here's a breakdown of the quarter end average annual total returns for the fund:

Keep in mind that these returns are averages and may not reflect the actual performance of the fund over the specified period. It's essential to consider other factors, such as fees and expenses, when making investment decisions.

Distributions are an essential aspect of investing, and understanding how they work can help you make informed decisions about your financial portfolio.

The 30-Day SEC Yield is a key metric that measures the fund's income, typically ranging from 0.01% to 10% or more, as of the specified date.

You can also look at the 1-Month Distribution Yield, which provides a more detailed view of the fund's income over a shorter period, often between 0.01% and 10% or more, as of the specified date.

The 12-Month Distribution Yield offers a longer-term perspective, typically ranging from 0.01% to 10% or more, as of the specified date.

Here's a comparison of the different distribution yields:

Keep in mind that these yields can fluctuate over time and may not reflect the actual income you receive from your investment.

To get a clearer picture, it's essential to review the fund's capital gains history, which can provide valuable insights into the fund's performance and distribution patterns.

The top capitalization of a fund is a crucial metric to understand. As of a specific date, it's essential to know the value, which can be anywhere from 0 to 100.

For instance, the fund's value might be 75 as of a particular date, indicating a significant portion of the fund's assets are invested in a specific area. This can be a good or bad thing, depending on the context.

Understanding the range of this characteristic can provide valuable insights. The range of the fund's value can be anywhere from 0 to 100, giving you a clear picture of its capitalization.

The Fidelity Magellan Fund has received high ratings from Morningstar, a leading independent investment research firm.

The fund has an overall rating of 3 stars out of 5, based on its 3-year performance.

This rating is out of 1,234 funds in the same category.

The fund's 5-year performance is also impressive, with a rating of 3 stars out of 5, based on its 5-year returns.

This rating is out of 943 funds in the same category.

The fund's 10-year performance has earned it a 3-star rating, out of 542 funds in the same category.

Here are the fund's ratings and rankings over different time periods:

The fund's calendar-year returns have also been impressive, with a 28.0% return in 2024, ranking it 54.59% in its category.

The Fidelity Magellan Fund has a long history of performance, with its inception dating back to 1963. This fund has seen its fair share of ups and downs over the years.

According to the historical fund performance data, the fund's total returns have been impressive, with a 1-year return of {{ historicalReturn.annualReturn | naCheckPercent:2 }} and a 3-year return of {{ historicalReturn.annualReturn | naCheckPercent:2 }}.

The fund's capital gains have also been significant, with a total amount of {{ historicalReturn.distData.totalCapitalGainsAmount | naCheckDollar:6 }} over the years.

Historical performance is a crucial aspect of understanding a fund's past performance. It helps investors make informed decisions about their investments.

Total returns are a key metric to evaluate a fund's historical performance. According to the historical fund performance data, the total returns for a given year can range from a certain percentage to a certain percentage.

Capital gains are another important aspect of a fund's historical performance. In the capital gains history section, we can see the short-term and long-term capital gains per share for a specific date.

The average annual total returns are a useful metric to evaluate a fund's long-term performance. In the performance section, we can see the average annual total returns for a fund over different time periods, such as 1 year, 3 years, 5 years, and 10 years.

Here is a breakdown of the average annual total returns for a fund over different time periods: