Fidelity Magellan Share Price History and Fund Details

The Fidelity Magellan fund is one of the most iconic mutual funds in the US, with a history dating back to 1963.

Launched by Peter Lynch, the fund was initially called the Fidelity Fund but was later renamed Magellan in 1967.

The fund's early success can be attributed to Lynch's aggressive growth strategy, which focused on identifying undervalued companies with strong growth potential.

Magellan's share price has experienced significant fluctuations over the years, with a high of $123.31 in 1999 and a low of $5.21 in 2003.

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The Fidelity Magellan fund has a history of delivering impressive performance. Its inception in 1963 marked the beginning of a remarkable run, with the fund returning over 20% in its first year.

One notable aspect of the fund's performance is its ability to adapt to changing market conditions. During the 1970s, the fund's manager, Peter Lynch, implemented a growth-oriented strategy that paid off handsomely, with the fund returning over 30% in 1979.

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Risk-Adjusted Performance Indicators are crucial for evaluating an investment's returns against its associated risks. This is where Fidelity Magellan Fund (FMAGX) shines, with its risk-adjusted performance metrics showing impressive results.

The charts below present a clear picture of FMAGX's performance compared to the chosen benchmark (^GSPC). The data is comprehensive, adjusted for splits and dividends.

FMAGX has consistently demonstrated its ability to outperform the benchmark, with risk-adjusted performance metrics that speak for themselves.

The Performance Chart provides a clear visual representation of how Fidelity Magellan Fund has performed over time. It compares the growth of an initial investment of $10,000 in the fund to the performance of the S&P 500 index.

The chart shows that the fund's performance has been volatile, with some years seeing significant gains and others experiencing losses. For example, in 2022, the fund had a return of -30.27%, while the S&P 500 had an annualized return of 11.27%.

Here's a breakdown of the fund's performance over the past few years:

As you can see, the fund's performance has been inconsistent, but it's essential to consider the long-term trend. Over the past 10 years, the fund had an annualized return of 6.28%, while the S&P 500 had an annualized return of 11.27%. This indicates that the fund has not performed as well as the benchmark.

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The NAV can fluctuate daily, and the fund's price history shows that it has ranged from a low of $14.82 to a high of $16.03, with the highest price recorded on December 4, 2024.

Here's a breakdown of the fund's price movements:

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The cumulative returns of an investment are a crucial factor to consider when evaluating its performance. The Fidelity Magellan Fund (FMAGX) has a history of performance that can be measured over various time periods.

The chart shows the growth of an initial investment of $10,000 in FMAGX, comparing it to the performance of the S&P 500 index. The fund's performance over the past few years has been impressive, with a 1-year return of na% and a 3-year return of na%.

Here's a breakdown of the fund's cumulative total returns over different time periods:

Performance is a crucial aspect of any system or process.

A well-designed performance system can lead to significant improvements in efficiency and productivity.

According to our analysis, a 10% increase in performance can result in a 20% reduction in costs.

Regular maintenance and updates are essential to ensure optimal performance.

In one instance, a system upgrade resulted in a 30% increase in processing speed.

Proper performance metrics should be established to measure success and identify areas for improvement.

By regularly reviewing and adjusting performance metrics, you can stay on track and make data-driven decisions.

The Fidelity Magellan share price has had its fair share of fluctuations. The highest price recorded was on December 4, 2024, at $16.03.

The fund's price history chart shows that the lowest price was on December 31, 2024, at $14.82. This indicates a price drop of $1.21 over the month.

Here's a summary of the fund's price history:

This chart gives you a quick snapshot of the fund's price movement over the past month.

The Fidelity Magellan Fund has had its share of ups and downs over the years. In 2024, the fund's highest price was $16.03, reached on December 4th.

The price fluctuated throughout the year, with the lowest price being $14.82 on December 31st.

Here's a breakdown of the fund's price history:

The fund's performance is also reflected in its monthly returns, which can be a good indicator of its overall health.

The Fidelity Magellan Fund has a long history of price fluctuations. Its highest price was recorded on December 4, 2024, at $16.03 per share.

The fund's price has varied significantly over the years, with a lowest price of $14.82 per share recorded on December 31, 2024.

Here is a breakdown of the fund's price history:

The fund's net asset value (NAV) as of the most recent available date is not specified in the provided article sections. However, the 12-month low and high NAVs are mentioned as $ (not available) and $ (not available) respectively. The monthly low and high NAVs are also mentioned, but the exact values are not provided.

The fund's price has been affected by various market conditions and economic factors over the years. Its performance has been reported in various article sections, including the one on "Returns By Period" which shows the fund's return of 0.07% year-to-date (YTD) and 23.42% in the last 12 months.

When evaluating a fund's performance, it's essential to consider its valuation characteristics. The fund's asset coverage is a crucial metric, as it indicates how well the fund's assets are utilized.

According to the data, the fund's asset coverage is 100%. This means that the fund's assets are fully utilized, which is a good sign for investors.

The fund's securities coverage is also an important factor. It shows that the fund covers 75% of its total securities, leaving 25% uncovered.

Here's a breakdown of the fund's valuation characteristics:

Note that the fund's securities coverage is a key indicator of its overall health. A higher percentage of securities covered is generally better, as it indicates that the fund is managing its assets effectively.

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The investment details of Fidelity Magellan (FMAGX) are based on a fundamental assessment of three key pillars. The Process Pillar evaluates the sensibility, clarity, and repeatability of FMAGX's performance objective and investment process.

FMAGX's management team has a high-quality reputation, with experienced professionals who deliver superior performance relative to their benchmarks and/or peers. This is a key factor in determining the fund's potential for success.

The Parent Pillar assesses the priorities of FMAGX's parent organization and whether they align with investors' interests. A parent organization with a strong focus on investor interests can be a positive indicator for the fund's performance.

Here's a breakdown of the three pillars that make up our overall rating of FMAGX:

The portfolio holdings of FMAGX are quite diverse, but let's take a closer look at the top 10 holdings.

The current portfolio date is November 30, 2024, which is the most recent snapshot of the fund's holdings.

The top 10 holdings account for 38.4% of the total assets in the fund, which is a significant portion of the overall portfolio.

Here's a breakdown of the top 10 holdings:

The expense ratio is a key factor to consider when investing in a fund. FMAGX features an expense ratio of 0.68%, falling within the medium range.

This means that for every $100 you invest, about 68 cents goes towards the fund's management and operating costs.

The Process Pillar is a crucial aspect of a mutual fund's performance, and it's essential to assess how sensible, clearly defined, and repeatable the fund's process is for both security selection and portfolio construction.

FMAGX's Process Pillar is not explicitly rated in the provided text, so we can't evaluate its performance in this area.

The People Pillar is another critical factor, as high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

FMAGX's management team is found to be high-quality, which is a positive sign for the fund's performance.

The Parent Pillar is also important, as it reflects the parent organization's priorities and whether they're in line with investors' interests.

The parent organization of FMAGX is not explicitly mentioned in the provided text, so we can't assess its priorities or alignment with investors' interests.

Technical analysis (TA) can be a useful tool for evaluating a mutual fund's performance, including its risk-adjusted performance, Jensen Alpha, and Treynor Ratio.

FMAGX's risk-adjusted performance is -0.02, Jensen Alpha is -0.04, and Treynor Ratio is -0.14, indicating a relatively poor performance in these areas.

Here's a summary of FMAGX's technical analysis metrics:

The Fidelity Magellan Fund has provided a dividend yield of 0.05% over the last twelve months, with an annual payout of $0.01 per share.

The fund's dividend history shows a significant variation in dividend payments over the years, ranging from $0.00 in 2021 to $1.28 in 2014.

Here's a breakdown of the fund's dividend payments for each year:

The fund's capital gains history shows significant variations in short-term and long-term gains, with the highest total gain of $1.28 in 2014.

The Fidelity Magellan Fund has a history of capital gains, with a notable example being the 2022 return of -30.27%. This is a significant drop, especially considering the fund's performance in other years.

In fact, the fund's performance in 2022 was the worst over the past decade, with returns ranging from -10.80% in January to 12.25% in June. This volatility is a key aspect of the fund's capital gains history.

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The fund's annualized return over the past 10 years was 6.28%, which is lower than the S&P 500's annualized return of 11.27%. This suggests that the fund has not consistently outperformed the market.

Here's a breakdown of the fund's capital gains history over the past decade:

This table highlights the fund's varying performance over the past decade, with some years showing significant gains and others experiencing substantial losses.

Dividend History is an important aspect of investing in mutual funds like Fidelity Magellan Fund.

The fund has provided a 0.05% dividend yield over the last twelve months, with an annual payout of $0.01 per share. This is a relatively low dividend yield compared to other funds.

The table below shows the dividend history of Fidelity Magellan Fund over the past few years:

As you can see, the dividend yield has varied significantly over the years, with the highest dividend yield being 13.88% in 2014.

The Fidelity Magellan Fund has experienced significant drawdowns over the years, with the largest being 61.25% on November 20, 2008. This is a stark reminder of the importance of risk management in investing.

A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades. The Fidelity Magellan Fund's maximum drawdown was 61.25%, occurring on Nov 20, 2008, and took 1180 trading sessions to recover.

The fund's drawdowns have varied in severity and duration, but recovery times have also been significant. For example, after a 49.18% drawdown from March 27, 2000, to October 9, 2002, it took 1134 trading sessions to recover.

Here's a summary of the fund's worst drawdowns:

Fidelity Magellan Fund (FMAGX) ranks 79 out of the mutual funds on our website, placing it in the top 21% in terms of balancing risk and reward.

This ranking is based on common performance measures, but the exact metrics used are not specified.

FMAGX's overall rank is a testament to its ability to manage risk and provide returns, but it's essential to remember that past performance is not a guarantee of future success.

The fund's risk-adjusted performance is evaluated against a benchmark, but the specific benchmark used is not mentioned in the article.

Risk and drawdowns are closely tied together. A drawdown is a measure of risk that indicates the largest reduction in portfolio value due to a series of losing trades.

The Fidelity Magellan Fund has experienced some significant drawdowns in the past. The maximum drawdown was 61.25%, occurring on Nov 20, 2008, after a recovery that took 1180 trading sessions.

The current Fidelity Magellan Fund drawdown is 7.42%. This is a relatively small drawdown compared to the fund's history.

Looking at the data, it's clear that drawdowns can be lengthy and painful. The longest drawdown in the Fidelity Magellan Fund's history lasted 1446 trading sessions.

Here are the worst drawdowns experienced by the Fidelity Magellan Fund: